India Financial News

Maha Kumbh Mela 2025, the world’s largest spiritual gathering, commenced with the sacred ‘Shahi Snan’ on the auspicious day of Paush Purnima. Devotees from across India and around the globe congregated at the holy Triveni Sangam in Prayagraj, Uttar Pradesh, to perform the ritualistic holy dip. This iconic confluence of the Ganga, Yamuna, and the mythical Saraswati rivers holds immense significance in Hindu tradition, symbolizing spiritual purification and renewal.

Super Plastronics Pvt Ltd (SPPL).

Indian stock markets have been on a bumpy ride over the past few months. While there were moments of recovery, the lack of stability has left many investors feeling uncertain and losing confidence. So, what’s really going on? ETMarkets spoke to Kranthi Bathini, Equity Strategist at Wealthmills Securities to decode the current market scene. Excerpts: Markets have been on a downtrend lately, can you summarize the current market situation? Kranthi Bathini: We’ve observed a seesaw pattern in the markets recently. After a mild recovery in early January, markets failed to sustain above the 24,000 mark due to several factors:

Z-Morh tunnel in Sonamarg located in Jammu and Kashmir on Monday. Union Minister Nitin Gadkari, Jammu and Kashmir Chief Minister Omar Abdullah and J-K LG Manoj Sinha were present at the inaugural ceremony.

capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 320 crore by the company, and an offer for sale (OFS) of up to 1 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) on Saturday. The company proposes to utilise the net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and general corporate purposes.

Turning A New Leaf We don’t know why a smattering of survivors at the India office of this renowned global private equity shop became a bugbear for someone at headquarters, but it’s been a tumultuous start to the year for them. At least four executives are gone, including the young boss, who we are told was informed over the holiday season about the firm’s decision. A rainmaker from New York is coming home and people who know her swear by her dealmaking chops. That would be key to reviving the lost glory of this once trailblazer that was till recently among the top quartile of the heap. The organization has nurtured some of the finest talents in the industry and its well-wishers are hoping it bounces back.

Prime Minister Narendra Modi on Monday said he will keep the promises he made to the people of Jammu and Kashmir and right things will happen at the right time. Modi was addressing a public meeting after inaugurating the strategically important Z-Morh tunnel here. His remarks shortly came after Chief Minister Omar Abdullah sought restoration of statehood to Jammu and Kashmir during his speech at the event.

Elara Capital on Monday said it has initiated coverage on the hypermarket chain Vishal Mega Mart with a ‘buy’ rating at a target price of Rs 140 per share, which implies a potential upside of over 35% from the stock’s current levels. The brokerage has cited the company's strong balance sheet, efficient operations, and significant growth potential in India's expanding retail market. On Monday, Vishal Mega Mart shares were trading 5% lower at Rs 103.05 on the BSE. The company, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum since its listing on December 18. The company debuted at Rs 110 on BSE, delivering an immediate 41% premium to IPO investors, while on NSE, the shares opened at Rs 104, representing a 33.3% premium.

Bank of India is marketing its first dollar syndicated loan since 2012 of as much as $400 million, people familiar with the matter said, at a time when more Indian borrowers are tapping global credit markets.

VVER-1000 reactor vessel for the sixth power unit of the Kudankulam NPP, which is being built in India according to a Russian design, is being transported to the construction site. The equipment weighing 320 tons was manufactured at the Atommash plant (Rosatom's Machine-Building Division) and shipped to the customer on the eve of 2025.

Zara Dar, who recently left her PhD program to pursue a career on OnlyFans, revealed she posts her science, technology, engineering, and math (STEM) educational videos on Pornhub. Dar stated on social media that Pornhub provides significantly more revenue than YouTube. “People may not know this, but I publish the same STEM videos on both YouTube and Pornhub," Dar wrote. «While YouTube generally generates more views, the ad revenue per 1 million views on @Pornhub is nearly three times higher.”

Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.

Prayagraj has been fortified with a seven-ring security plan to ensure the safety of pilgrims, as per a TOI report.

sick leave, questioning whether employees’ ailments are real or simply a way to dodge work.

The Biden administration is expected to propose a limit on nicotine in cigarettes, a move aimed at curbing smoking addiction. The proposal could be released as soon as Monday, according to the NBC News. It will not affect e-cigarettes or nicotine replacement products.

hostage release agreement designed to end the war in Gaza, an official briefed on the negotiations told Reuters on Monday.

Fitch Ratings on Monday said India's steady GDP growth outlook, improved banking sector's financial health and expected interest-rate cuts in 2025 will support credit access for corporates in FY26. The credit metrics of rated Indian corporates is expected to improve in the next financial year (April 2025-March 2026) driven by wider EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins, despite high capex intensity.

CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year.