India Financial News

Prosus, the Dutch-listed technology investment arm of Naspers, is gearing up for a ramp-up in its India IPO pipeline, highlighting five potential IPOs over the next 18 months. E-commerce firm Meesho, omnichannel jewellery retailer Bluestone, and fintech company PayU India are among the firms lining up for public offerings. Prosus CEO Fabricio Bloisi did not elaborate on the IPO timelines during a call with reporters on Monday. The company also disclosed that it had acquired an 11% stake in supply chain finance firm Mintifi for approximately $80 million. Additionally, it invested $100 million in housing finance company Vastu Finance, securing an 8.4% stake.

Nitish Mittersain, Joint MD & CEO, Nazara Technologies, says India-first novel approaches are needed. If e-commerce can be integrated into gaming, that can deliver relevant opportunities for shoppers to buy what they want while they are engaging with the games, that could lead to a very interesting and new monetisation model. With the whole India stack opportunity emerging with platforms like ONDC, a lot of initiatives can be taken for such innovations. It is a concept now. Nazara is starting to deploy it in the Q4 of FY25, which is Jan to March and they will see how that pans out over the next year. The latest acquisition that you have made is Trinity Gaming. It cost just around Rs 24 crore. What is the acquisition strategy going forward? Have you earmarked a certain amount that you are looking at deploying, and certain capabilities that you are looking at adding? Nitish Mittersain: It is important to understand that Nazara operates the M&A flywheel at two levels. One is what the parent entity does, which is areas that we want to enter. But also, many of our subsidiaries are cashflow generating companies, accumulating cash, many of these are asset-light businesses which do not require to deploy a lot of cash for organic growth and therefore, we help our subsidiaries also learn our M&A playbook and help them deploy.

Subscribe to enjoy similar stories. When it comes to investing for the long term, identifying stocks that consistently deliver a high return on equity (ROE) and return on capital employed (ROCE) can be a powerful strategy. ROE and ROCE are key financial metrics that measure a company's ability to generate profits from its capital, helping investors assess how efficiently a company is using its resources to grow.

Subscribe to enjoy similar stories. Filmmakers across Indian languages are churning out mythological tales even after the middling performance of such movies recently, hoping to combine high-quality visual effects with a larger-than-life narrative to speak to cultural and nationalistic sentiments, besides catering to family audiences.

Subscribe to enjoy similar stories. Mauritius is an important gateway for India’s strategic and economic partnership with Africa. Located in the Indian Ocean, Mauritius is in a position to leverage its geographic location, robust economic policies and regional agreements to facilitate trade and investment between India and Africa in consonance with India’s Africa strategy as laid down by Prime Minister Narendra Modi.

GDP growth target of 6.5%-7%, the country's economic affairs secretary said on Monday. The government expects growth to accelerate in the second half of the year, Ajay Seth said. India's economic growth slowed much more than expected in the second quarter of the financial year, hampered by weaker expansion in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts.

Instagram video featuring Indian content creator Neha Arora and her Korean husband, Jongsoo Lee, has taken social media by storm, accumulating over 1.4 million views. The video, which humorously blends K-drama style with Indian humor, showcases a lighthearted language challenge between the couple.

central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at only 42 per cent and it will be a challenge for the government to spend the remaining 58 per cent in the remaining five months. It said,«It would be a daunting task for the govt. to achieve the Rs 11.11 lakh crore budgeted target for the fiscal as the govt. has only five months left to spend the remaining 58 per cent of the full-year capex budget».

Muthoot FinCorp ONE just on the basis of the daily transactions they do using QR-code. Muthoot FinCorp ONE, a strategic business unit and the digital platform of Muthoot FinCorp Ltd (MFL) will offer loans with daily repayment options to Micro, Small and Medium Enterprises (MSME) that use QR-code based apps for daily collections, the NBFC said in a statement. This is in line with a 'New Credit Assessment Model' for small businesses, which Finance Minister Nirmala Sitharaman had announced in her Budget presentation on July 23. Under the model, banks were required to assess small businesses based on their 'digital footprints' and not on their balance sheets. According to a report by IFC (International Finance Corporation), India's nearly 6 crore MSMEs contribute 31 per cent to the GDP, employ nearly 13 crore people, and make up 45 per cent of exports. Yet, despite being the backbone of the economy, they remain extremely credit-starved. The current addressable credit gap for MSME in India runs into a few lakh crore rupees.

Ola Electric, India's electric vehicle (EV) company, has announced a massive expansion of its distribution network, aiming to increase the count to 4,000 stores by December 20, 2024. This rollout, featuring over 3,200 new outlets alongside its existing 800 stores, is one of the most extensive EV distribution expansions globally, underscoring Ola's commitment to democratizing EV adoption in India. The expanded network will cover all pin codes in the country, making Ola Electric the largest EV distributor in India. All new stores will be equipped with co-located service facilities, further enhancing after-sales support for customers.

Narendra Modi is set to watch the film Sabarmati Report on Monday evening at the Balyogi Auditorium in the Parliament Library Building. Officials confirmed that the screening will feature the prime minister as part of the audience. The film, directed by Dheeraj Sarna and starring Vikrant Massey, delves into the events surrounding the tragic fire incident on the Sabarmati Express in Godhra on February 27, 2002.

Indian Hotels Company Ltd. rose 0.05 per cent to Rs 793.15 in Monday's trade. It hit an intraday high of Rs 801.55 and low of Rs 790.35, respectively, during the day. The stock quoted a 52-week high price of Rs 814.65 and low of Rs 416.15.

Skoda Auto India's latest offering, the Kylaq sub-compact SUV, are set to open on Monday at 4 pm. While the company has only disclosed the starting price of the entry-level variant at Rs 7.89 lakh (ex-showroom), the complete price list for all four variants—Classic, Signature, Signature Plus, and Prestige—will be revealed today and updated accordingly. The Kylaq is entering in an already crowded segment of sub-compact SUV segment, taking on established players such as the Hyundai Venue, Kia Sonet, Tata Nexon, and Maruti Suzuki Brezza.

For NRIs, international money transfers are more than just financial transactions; they keep people connected to their family back home. According to the Reserve Bank of India, the majority of inward remittances support family needs. Having moved from India to Singapore for education in 2006 and staying on for work, I, too, send money back home on a monthly basis. Through my experiences — particularly after joining a company specializing in cross-border payments — I’ve come to understand that the process for most people is often far more complicated and costly than it has to be.

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

Bryan Johnson, known for his unconventional approaches to promoting health awareness, has sparked discussions on social media with his latest campaign. Johnson is on a trip to India. Ahead of his scheduled India tour, Johnson used a Bollywood song from the 1994 film Andaaz to underscore the importance of sexual health and its link to overall wellness.

Sandip Sabharwal, asksandipsabharwal.com, says given three-four years of underperformance by Bajaj Finance, the growth in the balance sheet and their ability to reasonably control asset quality even at a time when the pressures are growing, combined with a potential monetary easing cycle, holds it at good stead. From here on, there is a very high probability that Bajaj Finance could be an outperformer. The pharma sector is growing at 6-8%. It is even lower than India's nominal GDP. There are specific companies which may do 15%. An odd outlier may do 20%. But the excitement in this space of late has been absolutely palpable. Why is that? Sandip Sabharwal: Sectors go through cycles. Pharma had a big up cycle and outperformance cycle many years back, then it fell out of the radar and then stocks became very cheap. So, when stocks become cheap and then there is an improvement in profitability cycle led by lower input costs and higher sales, then even a 8-10% growth in sales can lead to a 15-20% or more growth in profitability and that is something which we have seen for many companies and that has led to another round of re-rating.

Alternative Investment Funds (AIFs) investments made across sectors in H1 FY2025, real estate’s share was the highest at 17% — nearly Rs 75,468 crore, according to latest SEBI data compiled by Anarock. Rs 12,801 crore were also raised via Qualified Institutional Placements (QIPs) within the same period — again, the 2nd highest among all the major sectors and comprising a 17% overall share. According to the data, other sectors benefiting from AIF investments are IT/ITeS, financial services, NBFCs, banks, pharma, FMCG, retail, renewable energy.

Dixon Technologies shares surged as much as 6.4% on Monday to Rs 16,819.45 on BSE after the electronics manufacturer said its wholly-owned unit, Padget Electronics, in partnership with Compal Smart Device India, has commenced mass production of Google Pixel smartphones. The company’s unit Padget Electronics is engaged in the business of manufacturing mobile phones and information technology (IT) hardware as its core business activity, and the said production of Google Pixel smartphones is set “to commence at the plant of Padget Electronics situated at Sector-68, Noida,” Dixon Technologies’ exchange filing said.

Subscribe to enjoy similar stories. Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China’s biggest electric-vehicle maker.

Subscribe to enjoy similar stories. India, the third largest electricity producer, is gradually shifting to renewable sources of energy to meet its rising power demand. The country's installed solar power capacity stands at 92.19 gigawatts (GW), a 35x growth since 2014, according to the data as of October 2024.