India Financial News

Manmohan Singh has navigated India from the darkest of times and a brink of collapse through his transformative 1991 Union Budget.

Federal Bank Ltd. traded 0.0 per cent at Rs 197.75 at 12:07PM (IST) on Friday, even as BSE benchmark Sensex 306.39 points to 78778.87. The scrip had settled at Rs 197.75 in the previous session. The stock quoted a 52-week high price of Rs 216.90 and 52-week low of Rs 139.45, respectively. As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 125077 shares with a turnover of Rs 2.48 crore.

initial public offering (IPO) of Anya Polytech & Fertilizers has been subscribed by nearly 16 times on the second day so far. The issue attracted strong demand from the retail investors, who had bid for over 31,43 crore shares by 11:20 am. Meanwhile, the non-institutional investors (NIIs) had bid for 4.93 crore lakh shares out of the 1,52,10,000 shares reserved for them, subscribing to the issue by 3.2 times.

«Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about expansion into tier I, getting economies of scale,» says Manish Sonthalia, Emkay Investment Managers. And while we are talking about the entire consumer space, one name that I am seeing in a portfolio of yours as a top holding is Zomato. Not really surprised to see Zomato, but also not expecting to not see Swiggy make it to this list. What is making Zomato much more attractive than Swiggy because Swiggy has also been innovating if not at a higher pace, then largely at the same pace that which Zomato has. They have also had a couple of recent rollouts. The stock seems to be doing well over the last one month and ever since it is listing we have very bullish brokerage notes coming in for Swiggy as well. What is making Zomato more attractive than Swiggy to hold in your portfolio right now? Manish Sonthalia: So, not specifically commenting on Swiggy because regulation prohibit us from commenting about stocks that are not a part of our portfolio, but I would look at the entire space like this, that the TAM, the size of the opportunity is humongous.

Adani Power Ltd. 0.13 per cent to Rs 506.50 in Friday's trade as of 12:17PM (IST). The stock hit a high price of Rs 513.65 and low of Rs 505.80 during the session. The return on equity (ROE) for the stock stood at 58.53 per cent. Traded volume on the counter stood at 12:17PM shares and turnover at Rs 18.58 crore around that time. The stock of Adani Power Ltd. quoted a 52-week high price of Rs 896.75 and 52-week low prices of Rs 430.85, respectively.

The themes we would like to invest in during the current environment are largely domestic-facing sectors, such as Capex in the power sector, industrials, capital goods, and telecoms, due to robust domestic tailwinds. We also favor the “Make in India” stories in chemicals and healthcare, despite the possible increase in tariffs from the US in the future.

Subscribe to enjoy similar stories. India’s capital market participation has got a significant boost with the introduction of a new investment product category: Specialized Investment Funds (SIFs). Not long ago, the nation needed campaigns like Mutual Funds Sahi Hai and SIPs Sahi Hai to encourage awareness.

Subscribe to enjoy similar stories. Cantabil Retail India Ltd faced setbacks after 2010 but rebounded with strategic restructuring. Now debt-free, it targets ₹1,000 crore in sales by FY27, expanding its store presence, boosting margins, and leveraging e-commerce.

Subscribe to enjoy similar stories. For select Indian IT companies, exposure to the healthcare vertical has proven to be a boon, bolstering earnings at a time when other segments faced significant pressure. Persistent Systems Ltd, a tier-2 IT firm with the highest revenue contribution from healthcare, recorded impressive growth in this segment, averaging 51% year-on-year over the last four quarters, according to a Motilal Oswal Financial Services report dated 18 December.

golgappas, kathi rolls, and momos remains the highlight of an outing. However, the food vendors have often been criticised for having dubious hygiene. A recent video poking fun at India’s ubiquitous street food vendors has reopened the taste vs. hygiene debate on X.

Domestic benchmark index NSE Nifty gained 121.8 points to 23872.0, while the BSE Sensex traded 400.92 points up at 78873.4.

SRF Ltd. traded 0.16 per cent in Friday's trade at 11:26AM (IST). Around 492 shares changed hands on the counter. The scrip opened at Rs 2267.25 and touched an intraday high and low of Rs 2277.40 and Rs 2263.15, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2088.55.

extreme heat in 2024 due to climate change, a new report said on Friday. According to the European climate agency Copernicus, 2024 is set to end as the warmest year on record and the first year with a global average temperature 1.5 degrees Celsius above pre-industrial levels.

NSRCEL since its inception in 2000 has helped more than 1,400 ventures, providing critical support to both profit and social ventures, including a dedicated focus on women entrepreneurs. As India's entrepreneurial ecosystem evolved over the last 23 years, NSRCEL has also seen its role and focus change. In a conversation with ET Digital, Chaitali Pandey, Manager, Marketing, NSRCEL talks about the center's impact, trends in entrepreneurship and the idea behind starting Velocity Cohort.

ACC Ltd. 0.21 per cent to Rs 2084.40 in Friday's trade as of 11:37AM (IST). The stock hit a high price of Rs 2101.00 and low of Rs 2082.80 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 11:37AM shares and turnover at Rs 0.38 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.00 and 52-week low prices of Rs 1867.15, respectively.

Tata Elxsi Ltd. traded 0.48 per cent in Friday's trade at 11:31AM (IST). Around 1,660 shares changed hands on the counter. The counter opened at Rs 6892.40 and touched an intraday high and low of Rs 6979.95 and Rs 6857.75, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9082.90 and a 52-week low of Rs 6285.05.

Elon Musk’s vision of creating a company town for SpaceX employees is taking shape as workers in South Texas have petitioned to establish a municipality named "Starbase." Located near Boca Chica Beach, where SpaceX's rocket launches take place, the town would span 1.5 square miles and accommodate approximately 500 residents, including SpaceX employees and their families.

Lupin Ltd. traded 1.38 per cent at Rs 2211.75 at 10:04AM (IST) on Friday, even as BSE benchmark Sensex 520.78 points to 78993.26. The scrip had closed at Rs 2181.60 in the previous session. The stock quoted a 52-week high price of Rs 2312.00 and 52-week low of Rs 1281.00, respectively. As per BSE data, total traded volume on the counter till 10:04AM (IST) stood at 6445 shares with a turnover of Rs 1.42 crore.

Rajeev Agarwal, Fund Manager & Managing Partner, Doordarshi India Fund, says the policy measures will drive to a very large extent what happens either on the upside or the downside. Markets may not tell the full story because there is a story about some stocks that have risen a lot in 2024 and maybe they will take a little bit of a backseat while some others that have been punished in 2024 may have a better opportunity as we go into 2025. It may be a lot more stock-specific rather than market-specific. But from an Indian stock perspective, the base case of around 13% annual return is quite reasonable. What exactly are you expecting in terms of the market dynamics – globally as well as back home? What’s in store for global markets next year, after they have been navigating through this election cycle, lots of unusual market dynamics as well? Rajeev Agarwal: For 2025, clearly the one big event is Trump taking over the reins as the US President. A lot of policy measures are expected to be introduced by Trump very quickly. Clearly, he has the people that he wanted and many of those will get confirmed. That is going to be the one big event which will drive a lot of the markets.