India Financial News

Paytm co-founder and CEO Vijay Shekhar Sharma has publicly criticized the camera performance of the iPhone 16, sparking discussions among users on social media. In a post on X (formerly Twitter), Mr. Sharma expressed dissatisfaction with the device's camera, describing it as «so bad» that he is contemplating switching to a Google Pixel phone.

Hindustan Unilever Ltd. (HUL) shares are set to remain in the spotlight on Thursday, January 23, following the company's Q3 results. HUL reported a 19% year-on-year (YoY) rise in net profit to Rs 3,001 crore, surpassing Street estimates. This growth was primarily driven by a one-time gain of Rs 509 crore from the divestment of its Pureit business, while profit before exceptional items (PAT bei) remained flat. Sales grew by 2% YoY to Rs 15,195 crore during the quarter. However, underlying volume growth (UVG) remained flat, with competitive absolute volume growth offset by a negative product mix.

preterm C-sections to beat the February 20 deadline for birthright citizenship, Times of India's Amisha Rajani has reported.

Persistent Systems shares will be in the spotlight on Thursday, January 23, after the company reported a 30.4% year-on-year (YoY) jump in net profit to Rs 373 crore for the third quarter ended December 31, 2024. The impressive growth was driven by its AI-led, platform-driven services strategy, despite a seasonally weak quarter for the IT sector. The company's consolidated revenue for Q3 grew 22.6% YoY to Rs 3,062.28 crore, marking a 5.7% sequential increase. Operating margins also improved by 90 basis points to 14.9%, after remaining flat at 14% for the previous two quarters.

buy call on Zomato with a target price of Rs 270. The current market price of Zomato is Rs 207.95. Zomato., incorporated in 2010, is a Small Cap company with a market cap of Rs 200872.05 crore, operating in Services sector. Zomato's key products/revenue segments include Service Revenue, Royalty Income, Traded Goods for the year ending 31-Mar-2024.

Bharat Petroleum Corporation Ltd (BPCL) reported a 20% year-on-year (YoY) increase in net profit for the December quarter, driven by higher margins. The company posted a consolidated net profit of Rs 3,805.94 crore for the October-December period of FY24, compared to Rs 3,181.42 crore in the same period last year. However, this was below Street estimates of Rs 5,200 crore.

₹85-90 per share for its initial public offering (IPO).Stallion India IPO consists of a fresh issuance of 1.78 crore equity shares along with an offer-for-sale (OFS) of 43.02 lakh shares from promoter Shazad Sheriar Rustomji.The funds raised from this offering will be utilized for working capital needs, capital expenditures for the company’s planned facilities in Maharashtra and Andhra Pradesh, and other general corporate purposes.Sarthi Capital Advisors serves as the sole book-running lead manager, while Bigshare Services acts as the registrar for the issue.Stay tuned for more updatesStallion India IPO GMP today or grey market premium is +35. This indicates Stallion India share price were trading at a premium of ₹35 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Stallion India share price was indicated at ₹125 apiece, which is 38.89% higher than the IPO price of ₹90.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Subscribe to enjoy similar stories. The importance of succession planning, whether in the context of corporate leadership or governance roles, cannot be over-emphasized. For business operations, the value of having a plan in place is well understood by now.

Subscribe to enjoy similar stories. As many as 57% of individual taxpayers want finance minister Nirmala Sitharaman to lower taxes in the budget, according to a sample-survey carried out by Grant Thornton Bharat.

artificial intelligence spending. Shares in Japan started the day higher but benchmarks in Australia and Korea slipped. The MSCI Asia Pacific index was flat. The tepid open for Asian markets came after the S&P 500 rose 0.6% on Wednesday, putting the index close to an all-time high.

Tata Sons is understood to be preparing for multiple scenarios, including a possible initial public offering (IPO), to ensure readiness amid growing pressure from 18.4% stakeholder, the Mistry family's Shapoorji Pallonji (SP) Group, to consider a share sale, said people with knowledge of the matter. Tata Sons is the holding company of the Tata Group. Tata Sons, Tata Trusts and the SP Group did not comment on the matter.

Ultratech, Dr Reddy's, HUL, Go Digit, Airtel among others will be in focus due to various news developments and third quarter results. Ultratech, Adani Green, Dr Reddy's Shares of Ultratech, Adani Green and Dr Reddy's will be in focus as the companies will announce their third quarter results later today.

Here's breaking down the pre-market actions:

Dixon Technologies and Tata Electronics.

India's defence spending for the financial year 2025-26 is expected to stabilise around 1.9 to 2 per cent of GDP, consistent with recent years. While this offers financial stability, it may not be enough to counter escalating external threats. At the 21st Subroto Mukerjee Seminar, Defence Secretary Rajesh Kumar Singh highlighted the importance of prioritising resource allocation rather than increasing funds, noting that the current budget already stretches the absorptive capacity of domestic industries.

Norges Bank Investment Management, the world's largest sovereign wealth fund. In India, it has over $30 billion parked in companies ranging from HDFC Bank, Reliance, ICICI Bank, Airtel, Infosys and TCS to Zomato, Nykaa and DMart. The CEO of the largest single investor in the world also hosts the popular In Good Company podcast with global industry leaders. A former chef, Russian translator and intelligence man, Tangen told Arijit Barman in an interview in Davos that the world is in the grip of unprecedented volatility. Edited excerpts: Nearly a third of your assets are in Europe. With Europe slowing and generating poor returns, are you looking to diversify even more in the US, Asia, maybe India, a lot more than before? We are linked to indices. So when the value of a market increases, we typically park more money there. We now have more than 50% of our $1.7 trillion in the US. With India becoming more important, the value of our Indian investments has also gone up. We have roughly 1.8% of our fund now in India. With more than $30 billion invested in India-double of what we did five-eight years ago-both China and India exposure is not too dissimilar. Our portfolio is predominantly public markets but we have some fixed-income assets too. Our biggest holding in India is HDFC Bank, number 2 is Reliance.

HDB Financial Services, the non-bank arm of HDFC Bank, said its net profit fell 27% to ₹470 crore in the quarter ending December 2024 from ₹640 crore a year ago due to higher provisions and a rise in financing costs reflecting higher funding costs. Financing costs increased 31% year-on-year to ₹1,645 crore during the quarter. Provisions on bad loans increased to ₹636 crore from ₹283 crore a year ago as the bank sought cover for rising non-performing assets (NPAs). Net interest margin (NIM) dropped to 7.5% from 7.7% a year ago.

were going towards building artificial intelligence infrastructure in the United States. The 'Stargate Project,' backed by top tech giants, will be a new company that intends to invest $500 billion over the next four years building new AI infrastructure in the US. This project is not only aimed at supporting the re-industrialisation of the United States but also to provide a strategic capability to protect the national security of America and its allies, OpenAI said. Here's why this is important:

industrial robotics startup Ati Motors has raised $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital.