India Financial News

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Private equity firm Multiples is looking to launch a $300-400 million continuation fund to remain invested in three of its portfolio companies, three people familiar with the matter told Mint. "The assets include Vastu Housing Finance, APAC Financial Services Pvt Ltd and Quantiphi," one of the people cited above said.

Tech Mahindra will remain in focus on Monday, January 20, after the company reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024. The bottom line stood at Rs 983 crore (attributable to shareholders of the company), compared to Rs 510 crore reported in the same period last year.

Mumbai police will likely recreate the crime scene at the Bandra home of Bollywood actor Saif Ali Khan, who was repeatedly stabbed by an intruder, an official said. The accused in the high-profile case, a 30-year-old Bangladeshi man, was arrested on Sunday morning from neighbouring Thane city.

IITian Baba,’ Abhey Singh, a former aerospace engineer from IIT Bombay who turned to spirituality and became a well-known figure at Prayagraj’s Maha Kumbh Mela, has reportedly been expelled from the Juna Akhara.

Jio Financial Services shares will remain in focus on Monday, January 20, after the company reported a consolidated net profit of Rs 295 crore for the quarter ended December 31, 2024, which remained flat compared to Rs 294 crore posted in the same period last year. The Mukesh Ambani-promoted company reported total revenue of Rs 438 crore in Q3FY25, marking a 6% increase from Rs 414 crore posted in the corresponding quarter of the previous financial year.

Trump family's new crypto token surged in just two days to become one of the most valuable forms of digital currency in the world, creating the potential for a multibillion-dollar payout to the family but also generating a storm of questions about the conflicts of interest the new venture creates.

Kotak Mahindra Bank will remain in focus on Monday, January 20, after India’s third largest private bank by market capitalization reported a 10% jump in its December quarter net profit at Rs 3,305 crore versus Rs 3,005 crore reported in the year-ago period. Meanwhile, the lender's interest earned in Q3FY25 stood at Rs 13,427.58 crore, up 14% from Rs 11,799 crore in the corresponding quarter of the previous financial year.

neutral call on Anand Rathi Wealth with a target price of Rs 4,200. The current market price of Anand Rathi Wealth is Rs 3952.05. Anand Rathi Wealth, incorporated in 1995, is a Large Cap company with a market cap of Rs 16549.13 crore, operating in the NBFC sector. Anand Rathi Wealth. key products/revenue segments include Income From Sale Of Share & Securities for the year ending 31-Mar-2024.

paragliding accident last Friday. Ram, the son of a family friend of Vembu, was killed when his paraglider collided with another in Kullu. The pilot was seriously injured. Vembu attended Ram’s funeral and subsequently posted on X, expressing grief and advocating for improved safety measures in adventure sports.

Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings. Agarwal also says Indian markets have experienced significant gains, and we are beginning to observe a phase of consolidation. He anticipates that capital expenditure will start to increase, and the Indian economy to perform well, leading to a resurgence in earnings growth. All the action seems to be happening in the US right now and it is really the dollar which is pulling the reins for emerging markets also? Rajeev Agarwal: Trump inauguration is next week and it will be interesting to see how the policy measures that everybody has been talking about start showing up. In fact, Trump is talking about a weaker dollar. The fact that the dollar is running up and yet Trump is trying to encourage more exports out of the US, it will be interesting to see whether Trump policies impact the dollar strength that we have been seeing for the last few months.

Once a skeptic who said a few years ago that bitcoin " seems like a scam," Trump has embraced digital currencies with a convert's zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the «crypto capital» of the world.

Elon Musk has weighed in on the huge debate surrounding TikTok's ban in the United States.

Capital Numbers Infotech IPO kicks-off from today as the company plans to raise around Rs 169 crore through the public offer. The issue includes a fresh equity sale worth Rs 85 crore and an offer for sale (OFS) of 32.2 lakh shares. In the IPO, qualified institutional buyers (QIB) will have about 50% of the shares reserved for them, while retail and non-institutional investors have to bid in the categories that have a reservation of 35% and 15%, respectively.

Angel One may remain in focus on Monday, January 20 as today is the last day to buy the shares of the company to qualify for the Rs 11 dividend announced by the company. “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e. January 13, 2025 at Maple Conference Room, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai-400093 which commenced at 02.50 p.m. and ended at 06.25 p.m. have inter alia, approved and taken on record the following: The Board has declared 1 st Interim Dividend for the Financial Year 2024-25 at the rate of Rs. 11 .00/- per share on equity shares having face value of Rs. 10 per share, as on the Record date,” Angel One stated in its filing to the exchanges.

Wipro shares will remain in focus after the IT services company reported 24% growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 3,354 crore, while revenue from operations rose by a marginal 0.5% to Rs 22,319 crore. On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.1%.

TikTok users who logged on for a late-night scroll were met with an unwelcome notice that their beloved app had been banned and shut down.

health security, with affordable medicines being vital for both India and the U.S., particularly in managing chronic conditions. Indian pharmaceutical companies are key to providing cost-effective and quality-assured medicines, improving outcomes, and ensuring sustainability within the U.S. healthcare system. In FY 2023-24, Indian pharma exports to the U.S. reached $8.7 billion, making it the largest market for Indian companies. For the U.S. Indian companies are supplying 47% of U.S. generic prescriptions and 15% of biosimilars.

Donald Trump led the effort to ban TikTok, the hugely popular video-sharing site he said posed a threat to U.S. national security. But on the eve of his return to the White House, the president-elect is being hailed as the app's savior.

Barflex Polyfilms IPO received strong response from investors, the shares will debut on the NSE SME platform on Monday. Going by the GMP trends, investors are likely to see moderate returns. The current GMP ahead of the listing is at Rs 13. Compared with the issue price of Rs 60, this will be a premium of 21% over the issue price.

Subscribe to enjoy similar stories. The government’s decision to set up the 8th Pay Commission for salary revision is hard to reconcile with its oft-vocalized stance in favour of fiscal prudence. Agreed, the period of the 7th Pay Commission, which came into effect in 2016, will end in 2026.