India Financial News

It will not be a straightforward task, though, as the Aussies are a resilient beast in global tournaments even without their lead cast of Pat Cummins, Josh Hazlewood and Mitchell Starc. Their stunning chase of 352 against England at Lahore a few days back validates the thought.

Subscribe to enjoy similar stories. The benchmark NSE Nifty 50 index has experienced a significant correction of nearly 15% from its peak in September 2024, making investors anxious. But the stock market is a place where volatility and opportunity go hand-in-hand.

Subscribe to enjoy similar stories. MUMBAI : Bharti Airtel, India’s second-largest telecom operator, has cemented its position as the industry’s most resilient player, outpacing rivals in subscriber additions, revenue growth, and profitability. But with its core wireless business maturing, the company is now eyeing a new growth frontier: home services.

Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, two government officials said, with weeks to go for President Donald Trump's planned reciprocal tariffs. Goyal's visit was sudden, as he departed after cancelling previously scheduled meetings until March 8, the officials said. He is also the minister for industry. India's trade ministry did not immediately respond to an e-mailed request for comment.

CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields. The brokerage firm has also set a target price of Rs 525 for both REC and PFC, adjusting from their previous targets of Rs 590 and Rs 540, respectively.

Rana Sugars Ltd.(up 4.80%) and Mawana Sugars Ltd.(up 1.10%) were among the top gainers.

consulting sector emerged the top recruiter with 201 offers — 37.3% of total offers – at the Indian Institute of Management, Calcutta, as the business school announced the completion of its final placements for its flagship MBA programme’s Class of 2025. Overall, 456 students participated in the final placement process, securing 538 offers rolled out by 196 companies despite challenging market conditions, the institute said. Boston Consulting Group (BCG) emerged as the top recruiter in the management consulting cohort while Accenture Strategy led in the strategy consulting cohort. Other consulting firms that participated were McKinsey, Kearney, Alvarez & Marsal, Arthur D Little, Auctus Advisors, EY-Parthenon, Monitor Deloitte, TCS, KPMG, PwC, and Vector Consulting, amongst others.

ICICI Bank Ltd.(up 0.33 per cent) and Kotak Mahindra Bank Ltd.(up 0.22 per cent) were among the top gainers.

Trump revealed on social media that five cryptocurrencies—Bitcoin, Ether, XRP, Solana, and Cardano—would be part of the reserve, with Bitcoin and Ether at its core.

Natco Pharma Ltd.(up 3.12 per cent), Glenmark Pharmaceuticals Ltd.(up 1.03 per cent), Lupin Ltd.(up 0.57 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.43 per cent) were among the top gainers.

NTPC Green Energy Ltd.(up 1.01%), Adani Green Energy Ltd.(up 0.90%), Adani Power Ltd.(up 0.52%), Hitachi Energy India Ltd.(up 0.17%) and India Power Corporation Ltd.(up 0.09%) were among the top gainers.

Subscribe to enjoy similar stories. The narrative for cement companies is shifting from pricing to cost trends. Cement prices have yet to significantly improve, and realizations have remained lacklustre.

Subscribe to enjoy similar stories. Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and the final estimate for 2022-23.

Subscribe to enjoy similar stories. The Nifty 50, India's benchmark index, declined by 420 points after US President Donald Trump announced an additional 10% tariff on China and a 25% duty on Canada and Mexico, triggering global trade war concerns among investors. After trading within a narrow range of 22,500–22,800 during a holiday-shortened week, the index fell sharply on Friday, closing around 22,125.

Subscribe to enjoy similar stories. • Cartrade Tech: Buy at ₹1,530, stop ₹1,505, target ₹1,650-1,690 After undergoing some profit booking, prices have slipped into a strong set of supports that are indicating that the trends are looking to head higher once again. With the strong rise seen on Friday some demand is emerging at lower levels.

perinatal care hospital chain reported good performance in the December 2024 quarter with 18% and 11% year-on-year growth in revenue and PAT respectively. The numbers surpassed Reuters-Refinitiv estimates by 3% and 6% respectively. While revenue growth was supported by increased patient volumes and average revenue per patient (ARPP), a significant jump in other income aided the bottom line. Operational efficiencies aided EBITDA,which grew by 14% year-on-year while the overall occupancy also improved. However, average revenue per occupied bed (ARPOB) declined amid an increase in average length of stay (ALOS) and new bed additions. The company operates 19 hospitals (and five outpatient clinics) across six cities. It has a bed capacity of 1,935 with over 835 doctors. It is benefitting from the growing paediatric healthcare market. Also, India’s low spending on childcare products and services, high birth rate compared to China and the United States, increasing maternity age, increased focus on preventive healthcare, and expansion of medical tourism are some of the tailwinds. Rainbow is distinctive from its peers as it offers the highest number of beds in paediatric intensive care units and neonatal intensive care units. It operates on a hub-and-spoke model (the central hospital delivers comprehensive outpatient and inpatient care whereas the satellite facilities provide emergency care) that helps in lowering costs.

Indian mutual fund industry, one that turns the very concept of passive investing on its head. Fund houses have discovered a convenient loophole in Sebi’s regulatory framework and are enthusiastically exploiting it. Sebi sensibly limits AMCs to launching just one actively managed fund in each plain category. This prevents the proliferation of near-identical products and reduces investor confusion. One large-cap fund, one mid-cap fund, and so on. It’s a straightforward approach that benefits everyone. Except that there’s a catch. This limitation doesn’t apply to passive funds. If there’s an index, a fund based on it can be launched. Therein lies the opportunity that fund houses have pounced upon—commission custom indices and launch ‘passive’ funds tracking them. The result? An absurd multiplication of indices. The National Stock Exchange now offers at least 120 equity indices, while the Bombay Stock Exchange has at least 64. While not all are created specifically for fund houses, they are readily available for AMCs. We now have indices with names like ‘Alpha Quality Value Low Volatility 30’, ‘EV & New Age Automotive’, ‘ESG’, ‘Enhanced ESG’, and my personal favourite, ‘ESG Sector Leaders’. This isn’t innovation; it’s simply clutter masquerading as choice.

Subscribe to enjoy similar stories. New Delhi: The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over bankruptcy rescues, two people informed of the development said.

Subscribe to enjoy similar stories. On Friday, the market started the day on a weak note with a gap-down opening, immediately setting a bearish tone. Nifty breached the critical psychological support of 22,500, triggering heavy selling pressure that persisted throughout the session.

Subscribe to enjoy similar stories. Rising compliance burden, digital transformation and growing deal activity are expected to drive India Inc.’s legal expenses past the ₹60,000-crore mark in the ongoing financial year. “We project Indian companies' aggregate legal expenses for FY25 to jump 15%–18% from FY24," said Ritvik Lukose, co-founder and chief executive officer (CEO) of Vahura, a compliance and governance-focused search and advisory firm.

Subscribe to enjoy similar stories. The Centre has engaged its top disaster management agency to carve out an insurance product to mitigate the impact of losses from climate change-related events.