India Financial News

BSE Sensex was the eighth best-performing global index in 2023, but slipped to 13th rank in 2024. The analysis is based on 22 world equity benchmarks that cover the US, Europe, Latin America and Asia. The data is sourced from Reuters-Refinitiv. The weak performance of corporate India in the September quarter, geopolitical factors, elevated valuations, strengthening of the US dollar index and substantial FPI outflows (in October and November) led to a jump in volatility in the fourth quarter of 2024. As the markets enter 2025, the volatility is unlikely to abate soon due to high US bond yields and a stronger USD index. These factors will keep the US markets attractive and prevent FPIs from sustained buying in emerging markets (EMs), including India.

Here's breaking down the pre-market actions:

Subscribe to enjoy similar stories. Reports suggest that the Securities and Exchange Board of India will soon ease the way for foreign portfolio investors (FPIs) that intend to invest only in government securities. While these bonds saw inflows of about $14.5 billion via the “fully accessible route" in 2024, aided partly by their inclusion in the JP Morgan Emerging Market Index, more FPI money would have come in had US sovereign bond yields not surged after Donald Trump’s election win.

At least three Indian companies plan to raise more than $1 billion combined by selling dollar bonds to international investors this week, people aware of the details said.

NCLT) has approved the merger of Kiranakart Technologies, which operates quick commerce platform Zepto, with its Singaporean affiliate entity Kiranakart Pte Ltd—a move that will help accelerate its initial public offering (IPO) plans in India this year. Zepto’s domicile flip to India will formally complete within the next 30 days, a person aware of the matter said, adding that this was one of the fastest approvals of its kind from the tribunal. “The scheme appears to be fair and reasonable and (it) is not in violation of any provisions of law and is not contrary to public policy,” the Mumbai bench of NCLT observed in its January 9 order.

integrated dental products company with presence in India and overseas. It is rolling out an initial public offering of ₹698 crore comprising a fresh issue of ₹138 crore and an offer for sale of ₹560 crore that dilutes the promoter shareholding from 46.5% to 42.6%. Of the issue proceeds, ₹27.5 crore will be used to repay borrowings and ₹68.3 crore for funding capex. Business: Incorporated in 2004, the company manufactures a range of branded dental products ranging from crowns, bridges, and aligners to thermoforming sheets, intraoral scanners and paediatric dental products. It is the largest and most profitable vertically integrated and indigenous B2B2C dental aligner solutions company.

Ather Energy is set to value itself at as much as $2.4 billion in its upcoming initial public offering (IPO), people briefed on the matter said. That’s a premium of more than 80% over the last funding round in August, when it turned unicorn, they said. Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or the first week of February after sending final clarifications to the Securities and Exchange Board of India (Sebi), said the people. In contrast to the series of new-age businesses’ listings last year that took a cautious approach to valuation, the likes of Ather and Bluestone are likely to price their offerings at a premium, reflecting their own plans as well as the competitive landscape.

decarbonising hard-to-abate sectors such as thermal power, iron and steel, and cement plants, people familiar with the matter told ET. The contours of the mission are being firmed up and an announcement could be made in the February budget, they said. This mission will be in line with India's goals to halve carbon emissions by 2050 and attain netzero emissions by 2070. «Discussions are on, on the contours of the mission… details are being worked out,» a senior government official said. A committee under the chairmanship of the Central Electricity Authority (CEA) is in place for defining the requirement and timeline of this mission and scheme needed to implement the goals, the person said.Asecond official said two meetings of this committee have already taken place.

Flipkart is in advanced discussions to lead a $35–40 million funding in its fintech venture, Super.money, which for the first time may see external investors also joining the round but with the web-retailer retaining its majority ownership, people in the know of the matter said. Super.money, started by Flipkart senior executive Prakash Sikaria, is among the big focus areas at Flipkart for its financial services and lending business and has emerged as one of the fastest growing Unified Payments Interface (UPI) apps. It surpassed Amazon Pay last month in terms of volume with more than 100 million UPI transactions, as per National Payments Corporation of India (NPCI) data. Super.money is emerging as a rival to payments firms like PhonePe — previously part of the Flipkart group — and others. The Flipkart-led latest funding will set the valuation benchmark for the fintech venture that will be scaled aggressively in 2025.

Subscribe to enjoy similar stories. Why is there such a hoopla around the Delhi assembly election scheduled to be held in February? The answer is clear: Delhi assembly elections are unique as they have become a prestige match for three national parties. Let’s begin with the ruling Aam Aadmi Party (AAP).

Subscribe to enjoy similar stories. Suresh Soni, CEO of Baroda BNP Paribas MF, highlights a decline in India's price-earnings premium to other emerging markets, expecting Systematic Investment Plan (SIPs) to persist as a favoured investment method despite a shift in foreign portfolio investor focus towards developed markets. The recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%.

Subscribe to enjoy similar stories. ‘It’s a riddle, wrapped in a mystery, inside an enigma.’ That may have been Sir Winston Churchill's oblique description of Stalin's Russia, but he may well have been referring to modern India. Closer home, Nobel Laureate Amartya Sen's view is equally relevant: ‘Whatever you can say about India, the opposite is also true.’ The fact is, India has never been easy to read.

Subscribe to enjoy similar stories. In today’s competitive financial landscape, banks are rethinking their approach to marketing. DBS Bank, ranked as the Association of Southeast Asian Nations’ (Asean) most valuable bank brand for the 18th straight year last year, has adopted a unique storytelling-led strategy to stand out.

Subscribe to enjoy similar stories. Global investors are increasingly prioritizing assets with a strong environmental, social and governance (ESG) footprint, driving up their value and putting ESG at the forefront of deal-making strategies in India, according to a top executive of global transaction advisory firm Alvarez & Marsal (A&M).

Subscribe to enjoy similar stories. 1. Tata Consultancy Services: Buy at ₹4,265; Target: ₹4,350-4,370; Stop loss: 4,202.

Subscribe to enjoy similar stories. India may record a fiscal deficit for FY25 at 4.7-4.8% of GDP, below the budgeted estimate of 4.9%, marking yet another step towards fiscal consolidation. The revision is expected to be primarily driven by lower expenditure, notably on planned capital investments, along with higher-than-anticipated dividends from the Reserve Bank of India (RBI), two people aware of the matter said.

Subscribe to enjoy similar stories. The Maha Kumbh 2025 is more than just a spiritual gathering; it’s shaping up to be a mega stage where tradition meets trade, where faith drives footfalls, and where brands have a rare chance to leave a lasting imprint on millions. With a turnout of 400-450 million devotees expected, this isn’t just an event—it’s a marketer’s dream playground.

Subscribe to enjoy similar stories. India's benchmark index, Nifty 50, extended its losing streak to three consecutive sessions, closing at 23,431.50. The index opened the session on a muted note at 23,551.90, tracking global market cues, and remained range-bound for most of the day.

Subscribe to enjoy similar stories. The instant commerce avalanche has caught Avenue Supermarts Ltd's DMart Ready stores off-guard, forcing India's largest listed retailer to shutter many of these pick-up points and shift focus to the home delivery space. Avenue Supermarts rolled out the DMart Ready model following the covid pandemic outbreak in 2020, where customers could order online and collect groceries from a pick-up point.

Subscribe to enjoy similar stories. The Indian Renewable Energy Development Agency Ltd (Ireda) stock fell by almost 7% after it announced the December quarter (Q3FY25) results. Though the net profit grew by 27% year-on-year to ₹425 crore, the drop in provision coverage ratio, both sequential and year-on-year, spooked investors.

Subscribe to enjoy similar stories. The Unified Payments Interface (UPI) platform ended 2024 on a high, posting record transactions in December both in terms of value and volume.