India Financial News

Adani Group stocks tumbled in early trading on Wednesday, with shares of Adani Enterprises dropping as much as 4.3%, following reports that the US Securities and Exchange Commission (SEC) sought assistance from Indian authorities in its probe into the conglomerate’s founder, Gautam Adani, and his nephew, Sagar Adani, over alleged securities fraud and a Rs 2,300 crore bribery scheme. The SEC informed a US district court on Tuesday that its efforts to serve legal complaints to the Adanis were ongoing and that it was working with India’s Ministry of Law and Justice for assistance, Reuters reported. This development triggered fresh concerns among investors, leading to a broad sell-off across Adani Group stocks at the market open.

Tamil Nadu Governor R N Ravi has criticised those who claim to uphold Tamil language and culture while making no real contribution, labelling their statements as «hollow rhetoric.» True reverence lay in preserving and promoting Tamil's rich literary heritage, he said, without naming anyone.

Gyanesh Kumar on Wednesday took over as the 26th Chief Election Commissioner, while Vivek Joshi assumed charge as an Election Commissioner. An Election Commissioner since March 2024, Kumar was elevated as the CEC on Monday.

Duroply lndustries(up 20.00%), Gujarat Themis (up 19.81%), Somany Home(up 18.66%), HB Leasing Fin(up 16.69%), Aplab(up 16.46%) and Tata Investment(up 15.62%) were among the stocks that surged over 15%.

State Bank of India (SBI). The bank has projected the country’s GDP growth at 6.2%-6.3% for the October-December quarter (Q3 FY25) based on its in-house ‘Nowcasting Model’, which tracks 36 high-frequency indicators.

Jack Dorsey, co-founder of Twitter (now X) and Square (Block), might be none other than Satoshi Nakamoto—the mysterious creator of Bitcoin. This claim, put forward by deBanked’s editor-in-chief Sean Murray, is backed by a long list of intriguing coincidences, cryptographic links, and timeline overlaps.

bird flu vaccination campaign launched in France in 2023 has enabled the country's poultry production to recover to levels not seen since outbreaks of the virus wiped out tens of millions of birds, producers said on Tuesday.

A similar pattern is playing out with the Nifty 50 index, which saw its share in total market capitalization decline from 58% five years ago to an all-time low of 42%. That figure is now inching back up to 44%, according to data from DSP Mutual Fund.

iPhone components maker Murata Manufacturing Co. is weighing whether to move some of its production capacity to India, reflecting a global realignment of the supply chain toward the world’s most populous country.

ICC Champions Trophy has not only been a stage for exhilarating cricket but also a battleground for numerous controversies that have captured global attention.

Nifty has fallen more than 12% from its record high of 26,277. The index closed at 22,945 on 18th February 2025.

Indowind Energy Ltd.(up 8.69%), GMR Power and Urban Infra Ltd.(up 8.28%), Ravindra Energy Ltd.(up 7.93%), Suzlon Energy Ltd.(up 6.52%), Orient Green Power Company Ltd.(up 5.47%), Jaiprakash Power Ventures Ltd.(up 5.06%), KPI Green Energy Ltd.(up 5.00%), ACME Solar Holdings Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%) and Inox Wind Ltd.(up 4.65%) were among the top gainers.

Rail Vikas Nigam Ltd (RVNL) shares will be in focus on Wednesday, February 19, after the company secured a Rs 554.47 crore contract from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) for the Bengaluru Suburban Rail Project (BSRP). RVNL received a Letter of Acceptance from K-RIDE for Package C4A, involving the construction of nine stations under Corridor-4A of the BSRP. The Rs 554.47-crore contract involves building one elevated and eight at-grade stations at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura.

Niantic Inc., the company behind the 2016 hit Pokémon Go, is in talks to sell its video-game business to Saudi Arabia-owned Scopely Inc., according to several people familiar with the discussions.

Madhya Pradesh Chief Minister Mohan Yadav has said under the state's new civil aviation policy, a 'pucca' helipad will be built in every 45 km radius and an airport in every 150 km. Yadav was speaking on Tuesday during a dialogue with industrialists in Indore in connection with the 'Invest Madhya Pradesh — Global Investors Summit' to be held in Bhopal on February 24 and 25.

Mira Murati, the former chief technology officer of OpenAI who unexpectedly left the company in September, has helped found a new artificial intelligence startup called Thinking Machines Lab, adding to the wave of young companies that have been formed in the race to lead AI.

Vedanta shares will be in focus on Wednesday after the company received 83% creditor approval for its proposed demerger, clearing a crucial hurdle for its restructuring plan. The proposal required support from at least 75% of creditors by debt value to move forward. With this approval, Vedanta is set to proceed with splitting its businesses into independent entities, allowing each vertical to operate separately.

Hindu calendar, Phalguna typically falls between February and March in the Gregorian calendar, signifying the transition from winter to spring in India.

Ashi Anand, Founder & CEO, IME Capital, says he would understand if there is further downside to the market. However, due to the strong long-term outlook for India, major declines are not expected. The main worry is with smallcap stocks. In larger-cap indices, a drop of 5-10% seems manageable. But with smallcaps, if retail investors start to panic, liquidity can vanish quickly, leading to significant losses. Therefore, he recommends that investors should stay cautious. Anand also says that for people with a slightly longer-term horizon, some attractive buying opportunities exist in Digital and some could emerge in capital markets and real estate and capital goods spaces. All these companies have run up very considerably. These are also stocks that have led the fall, and have all fallen more than the overall markets. How much more of a selling are we likely to see or do you think that the end is near now? Ashi Anand: That is really the question on everyone's mind. We do not necessarily think we are at the absolute bottom. There could potentially be further downsides. Just to understand that in the overall context, markets have doubled from before pre-COVID levels taking the COVID fall. But if you look at the largecap indices, they have doubled from pre-COVID. You are down only 10%. Smallcaps were up 300%, and are down only about 20%.