India Financial News

SME IPO of Amwill Healthcare, which opened for subscription on Wednesday, was fully subscribed by the final day of bidding, achieving an overall subscription of 1.68 times as of 11:00 AM. The retail portion of Amwill Healthcare's SME IPO was subscribed 2.41 times, while non-institutional investors subscribed to 81% of their allocated quota. Meanwhile, demand from qualified institutional buyers (QIBs) remained steady at 2.19 times.

«We are not talking about the near-term pain that we are seeing in equity market because of the short-term headwinds that we are seeing in India,» says Manish Sonthalia, Emkay Investment Managers. Capital market stocks. So, I am assuming that Motilal Oswal is also looking good as a stock for a fund manager like you. Manish Sonthalia: See, I do not want to talk about individual companies, but suffice to say that this entire theme, because it is leveraging a lot of technology and these are somewhat annuity sort of businesses, not specifically the online broking piece, but other pieces across the spectrum. Just one name, it is across the spectrum and mind you why I am saying this is because in India's case, the financial sector is leading the real sector.

Reserve Bank of India (RBI) has cut interest rates. In a move aimed at supporting economic growth, the six-member Monetary Policy Committee (MPC), led by newly appointed Governor Sanjay Malhotra, lowered the repo rate by 25 basis points to 6.25%. But alongside the cautious optimism, Governor Sanjay Malhotra delivered a stark warning: India is not immune to the global storms brewing on the horizon.

ITC has signed definitive agreements for the acquisition of Prasuma, a player in the frozen, chilled, and ready-to-cook foods space in India.

HDFC Defence Fund, the only active fund based on the defence sector, has gained significant investor attention since its launch in June 2023. The scheme manages assets of Rs 4,647.38 crore as on December 31, 2024.

Apollo Tyres Ltd.(up 2.66 per cent), Ashok Leyland Ltd.(up 1.25 per cent), Mahindra & Mahindra Ltd.(up 1.09 per cent), Hero MotoCorp Ltd.(up 0.67 per cent) and Bajaj Auto Ltd.(up 0.48 per cent) were among the top gainers.

NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024. The stock decline followed NCC's earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed firm posted a net profit of Rs 193.2 crore for the quarter ended December 31, 2024, down from Rs 220.7 crore a year earlier, according to a regulatory filing.

Reserve Bank of India (RBI) has announced the introduction of additional factors of authentication for international digital payments made to offshore merchants who are enabled to undertake such transactions.

Reserve Bank of India Governor Sanjay Malhotra on Friday said the bank's forex policy has remained consistent, in favour of orderly and stable market operation and it does not target any exchange rate.

Cochin Shipyard shares cracked 7% to an intraday low of Rs 1,311.40 on the BSE on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025. Shares of state-owned Cochin Shipyard shares will remain in focus on Friday, February 7, after the company on Thursday announced a 27% year-on-year (YoY) drop in its consolidated net profit at Rs 177 crore in the third quarter of financial year 2025.

layoffs in 2025, with several major companies announcing job cuts. This trend is attributed to factors including market instability, tightened budgets, and the need to adapt to changing industry conditions, especially with artificial intelligence (AI) entering the scene.

Nakoda Group Of Industries Ltd.(up 3.64%), Umang Dairies Ltd.(up 1.56%), Euro India Fresh Foods Ltd.(up 1.08%), Sheetal Cool Products Ltd.(up 1.08%), Mrs. Bectors Food Specialities Ltd.(up 0.78%), Nakoda Group Of Industries Ltd.(up 0.67%), Dangee Dums Ltd.(up 0.61%), Hatsun Agro Products Ltd.(up 0.56%), JHS Svendgaard Laboratories Ltd.(up 0.52%) and Zydus Wellness Ltd.(up 0.09%) were among the top gainers.

Reserve Bank of India's rate-setting panel on Friday pegged India’s FY26 GDP growth at about 6.7%, Governor Sanjay Malhotra announced.

Zuari Agro Chemicals Ltd.(up 7.54%), Agro Phos India Ltd.(up 3.82%), Southern Petrochemicals Industries Corporation Ltd.(up 0.74%), Rama Phosphates Ltd.(up 0.63%), Chambal Fertilisers & Chemicals Ltd.(up 0.57%), Aries Agro Ltd.(up 0.51%) and Krishana Phoschem Ltd.(up 0.37%) were among the top gainers.

Reserve Bank of India's (RBI) Monrtary Policy Committee (MPC) on Friday said that the inflation has declined, supported by a favourable outlook on food and is expected to moderate in FY26, offering further relief to Indian households.

Reserve Bank of India (RBI) Governor Sanjay Malhotra brought good news to home, auto, and MSME borrowers by announcing a 25-basis point cut in the policy repo rate — the first reduction in five years.

Domestic benchmark index NSE Nifty gained 8.66 points to 23612.0, while the BSE Sensex traded 52.04 points up at 78110.2.

Sonata Software fell as much as 15.1% on Friday to Rs 467 on the BSE after the mid-tier IT services firm reported a third-quarter profit of Rs 105 crore, a 1.4% sequential decline from Rs 106.5 crore in the preceding quarter, as margins eroded due to a deal ramp-down from its largest client. The Bengaluru-based company’s operating margins narrowed sharply to 4.6% in the October-December period, down from 6.7% in the previous quarter, impacted by a 3% margin contraction from the client ramp-down and an additional 0.7% hit due to senior management bonuses.

buy call on ACME Solar Holdings Ltd. with a target price of Rs 262. The current market price of ACME Solar Holdings Ltd. is Rs 232.5 Time period given by analyst is year when ACME Solar Holdings Ltd. price can reach defined target. . Investment Rationale

Reserve Bank of India (RBI), under the leadership of new Governor Sanjay Malhotra, announced a 25 basis point reduction in the repo rate, lowering it to 6.25%.