India Financial News

Mayuresh Joshi, Head Equity, Marketsmith India, says three triggers could lift Reliance out of a 52-week low. One, any de-merger news of either the telecom or the retail operations might act as a trigger for the stock. Second, the Street would like to see if the telecom ARPU increases can be sustained going forward. That will create a huge leverage in the individual telecom balance sheet, as well as retail. The maturity of Reliance Retail stores with consumption expected to make a big comeback, after the tax cuts starting from the first half of the next financial year, can be a huge boost for the retail operations. Third, both in terms of the oil to petchem business and some hope of Chinese recovery in terms of downstream product prices, might prop up the overall ROEs provided equity levels stay at manageable levels. These two-three things might work in favour of Reliance over the medium term. What is your current take on the chemical pack because that is one of the export-related plays and what has been happening in Europe, give us some sense that what are you picking up within the chemical basket as well as anything in particular that is looking interesting to you right now? Mayuresh Joshi: Two things, there is one part of the chemical basket which is highly commoditised including players in the soda ash space, for example, where China has a huge dominance and the other spaces which in reality belongs to the specialty chemical space as well where there are niche players and where the expectations in terms of core applications are limited to those niche players.

Subscribe to enjoy similar stories. Late in August, when the stock market’s bull run was close to its peak, the initial public offer (IPO) of a two-wheeler dealer with a handful of employees managed to attract bids worth 400 times the amount of capital it sought to raise. That was the level of enthusiasm back then among investors, who were willing to pour big bucks into just about any business going public.

Subscribe to enjoy similar stories. Electrical equipment maker Schneider Electric is working on the next phase of investments in India and would soon roll out its capital expenditure (capex) plans, a top company official said. In an interview, Deepak Sharma, managing director and chief executive of Schneider Electric India, said that the company is working on manufacturing large-scale stationary batteries in the country in view of the growing demand for storage, and is exploring the right chemistry and technology for the business.

Subscribe to enjoy similar stories. India’s tourism sector has been on a recent high buoyed by three elements integral to Indian culture: religion, cricket, and music.

Subscribe to enjoy similar stories. The 1 February 2025 Budget’s tax relief measures intended to revive consumption and disposable income, have failed to reverse the tide of foreign portfolio investor (FPI) outflows from key consumption-led sectors like fast-moving consumer goods (FMCG) and consumer durables. Despite initial optimism, the FMCG sector has witnessed a significant FPI outflows of ₹6,904 crore in February 2025 alone, continuing a trend that began in October 2024 after the markets hit an all-time high in September, showed the latest data from the National Securities Depository (NSDL).

Subscribe to enjoy similar stories. Bengaluru: The heads of three critical functions at digital bank Jupiter have resigned at a crucial juncture for the fintech startup, which is undertaking a cost-cutting and restructuring exerise.

Subscribe to enjoy similar stories. Employees may be in for an even bigger disappointment this year as the economy and the market grapple with uncertainty. Companies are not only offering slimmer hikes but will also elevate fewer people.

Subscribe to enjoy similar stories. Current market price: ₹1,752.35 | Buy range: ₹1,700–1,760 | Profit goal: ₹1,890 | Stop loss: ₹1,670 | Timeframe: 1–2 months Current market price: ₹340.25 | Buy range: ₹330–342 | Profit goal: ₹381 | Stop loss: ₹323 | Timeframe: 1–2 months Nifty 50 opened on a mildly negative note and experienced volatility throughout the trading session. The index tested its 21-day exponential moving average (EMA), currently positioned around 22,682.

Subscribe to enjoy similar stories. New Delhi: Guidelines to make unsolicited calls and spam SMSes illegal have been kept in abeyance for now by the country’s top consumer watchdog.

Subscribe to enjoy similar stories. A ‘zero-for-zero’ tariff approach is being touted as the best way for India to deal with US President Donald Trump’s proposed reciprocal tariffs. Mint explains what this initiative is and why some consider it to be a better option than a bilateral trade agreement.

Subscribe to enjoy similar stories. Consumers are expected to shift spending from categories such as apparel and footwear to beauty and eating out over the next four to five years, prompting retailers and mall developers to re-examine their portfolios of offerings. Dalip Sehgal, CEO, Nexus Select Trust, which operates a portfolio of over 18 premium malls in India, said consumers are increasingly diversifying their expenditure with more focus on experiences and grooming.

Subscribe to enjoy similar stories. Physics Wallah is building small language models (SLMs) to solve questions in physics, chemistry, mathematics and biology, as the edtech major seeks to leverage artificial intelligence (AI) for scale and efficiency. “Our chief technology officer Devesh Mishra has dropped all his other responsibilities to focus on building SLMs for Physics Wallah," company founder and chief executive Alakh Pandey told Mint in an interview.

Subscribe to enjoy similar stories. Indian stock markets fell on Monday due to various global and domestic factors. The Sensex dropped over 700 points from its intraday high to close 217 points lower at 74,115.17.

Indian banks are advancing more loans than they are incrementally garnering deposits, the latest central bank data showed, pointing to only a partial success for dedicated lender programmes aimed at boosting the deposit base and de-risking the credit environment. The banking sector's incremental loan-to-deposit ratio (LDR) on a three-month rolling basis reached nearly 126% as of February 7, 2025. The incremental LDR stands at 103% so far this fiscal year, pointing to the persisting weakness in deposit mobilisation despite more circumspect advances toward unsecured loans and non-bank financing. As of February 7, credit climbed 11.3% year-on-year, while deposits saw a more modest increase of 10.6%.

Data shared by real estate consultancy JLL with ET showed about 13,274 rooms were signed in tier-3 locations last year, up from 7,267 in 2023. «The impact of economic growth is witnessed across the length and breadth of the country. Unprecedented growth of travel, backed by business activity as well as leisure travel, including pilgrimage travel, has resulted in a massive upswing in demand,» said Jaideep Dang, managing director, Hotels and Hospitality Group, JLL India. «We have been busy doing project feasibilities followed by project development in many tier-2 and tier-3 towns and cities. Higher lifestyle aspirations have resulted in higher spends on F&B, social events and the wedding market in these locations,» he added. Several factors are fuelling this growth, said Nikhil Sharma, MD, and area senior VP, South Asia at Radisson Hotel Group. Radisson has signed or opened hotels in new locations such as Khopoli (Maharashtra), Saputara (Gujarat) and Yavatmal (Maharashtra) in the past year.

renewable energy firm CleanMax said on Monday it had formed a joint venture with Osaka Gas Group to develop a 300MW renewable energy portfolio, entailing an investment of ₹1,500 crore. The JV entity will be called 'Clean Max Osaka Gas Renewable Energy'.

Rohit Sharma does not realise the full extent of it, but he has a deeply expressive face. Rohit tries, at all times, to stay calm and remain on an even keel, but his eyes unfailingly give away what’s buzzing in that brain and what is tugging at his heart. You saw a clear demonstration of this earlier in the Champions Trophy when Kuldeep Yadav failed to gather a throw from Virat Kohli. Rohit, who was backing up, let the bowler have a spontaneous spray. Just what are you thinking? Or are you thinking at all? Those seemed the questions. When he meets the ball with the full face of his broad bat and it makes exactly the right sound, Rohit almost freezes. He holds his shape, watching the ball do as he has commanded, piercing the field or clearing it and racing to the boundary. If you commissioned a sculptor to make a statue that used still life to show the poetry in motion of batting, this would be it. And there are times when even Rohit can’t help but stop and admire what he has just done.

The commerce and industry ministry has also sought wish lists of various industries and tariff concessions they expect from Washington under the pact. «Inputs have been sought from various stakeholders as both sides aim to increase exports,» said an official. US President Donald Trump claimed Friday that India will significantly reduce tariffs on American imports, saying New Delhi imposed «massive» trade barriers and that «somebody is finally exposing them for what they have done».

Corporate hiring sentiments for the June quarter rose three percentage points compared to the January-March 2025 quarter, seven percentage points more than the corresponding quarter last year, and 18 percentage points higher than the global average of 25%, found the latest edition of the ManpowerGroup Employment Outlook Survey shared exclusively with ET. About 55% of 3,150 Indian employers asked about their hiring plans for the June quarter said they would hire more people; 12% expected a decrease in hiring intent or had no plans to backfill; 29% did not expect any change in their workforce, and 4% were unsure. This puts the net employment outlook (NEO) — a bellwether of labour market trends — at 43%, the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers.

Bharti Airtel is working on a technology that will aim to eradicate online scam or phishing attempts through text messaging and calls for its more than 380 million mobile users, said a top official at India's second-largest telecom operator. The service, when ready, will prevent scamsters from misusing one-time passwords (OTPs) and online links, the official said. «We have not yet found the solution, but we are about 80% there. Once we crack a solution, there will be no fraud on the Airtel network,» the official said on condition of anonymity. The official, however, lamented that the proposed technology won't work on over-the-top (OTT) apps, which is «not right» for consumers, and called on the government and telecom regulator to bring OTT communication apps under the regulatory framework to check the menace.

They have also suggested higher solvency requirements before allowing foreign investors to repatriate dividends without any regulatory approvals, said people familiar with the development. «These suggestions are being looked at and will form a part of the amendments for approval of 100% foreign investment,» said a government official.