India Financial News

consumer durables retail sector, valued at Rs 1.8 trillion, faces six key risks that could disrupt growth, according to Nuvama Institutional Equities. Despite the challenges, two small-cap players—Electronics Mart India and Aditya Vision Ltd—stand out for their strategic approaches and strong regional dominance, making them compelling investment opportunities. The Indian consumer electronics sector is poised for growth, projected to reach Rs 3 trillion by FY29, but the path is fraught with challenges. Nuvama’s research highlighted six major risks: a demand slowdown, rising competition, the growing clout of online retail, disruption in financing availability, inadequate OEM after-sales support, and supply chain interruptions.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

Soma Textiles(up 19.98%), Kriti Nutrients(up 19.97%), Indo Cotspin(up 19.97%), Adani Gas(up 16.45%) and Trans Freight(up 15.06%) were among the stocks that surged over 15%.

Birla Corporation, Borosil Renewables, Honasa Consumer and Poonawalla Fincorp, report losses on a year-on-year (YoY) basis. Interglobe Aviation, which runs IndiGo airline, reported a loss of Rs 987 crore in Q2 vs a profit of Rs 189 crore in the corresponding quarter of the previous year. Similarly, Poonawalla Fincorp came up with Rs 471 crore loss as against a profit of Rs 855 crore in Q2 of FY24.

The ideal time to buy leading stocks — those with strong earnings, sales growth, and institutional sponsorship — is when they break out of a solid price base on heavy volume, with the market in a Confirmed Uptrend, says Anupam Singhi, CEO & Chief Investment Officer, O’Neil Capital Management India. «Since most stocks tend to follow the market's broader trend, buying during a market correction means fighting a negative tide. It is more prudent to wait for the market to confirm a rally, ensuring you buy when success probabilities are at their peak,» he says. Edited excerpts from a chat: How attractive does Nifty look after the recent correction? Are you cautious or bullish at this stage of the market? Rather than attempting to predict market narratives, we focus on responding to market trends and monitoring evolving conditions. At any given time, there are reasons to be either cautious or optimistic, but we rely on well-defined rules. At O’Neil, we follow a structured approach to identify market trends. Currently, the Nifty’s recent low of 23,263 is considered a correction low. A Rally Attempt will be identified if the Nifty closes in the green or in the upper half of the day’s range and holds above this low for three consecutive sessions.

The Redmi Note 14 series is gearing up for its grand launch in India on December 9, with a strong emphasis on its 'Super Camera and Super AI' features. As the successor to the Redmi Note 13 series, this mid-range lineup has already debuted in China and is now preparing for its global release. The series is expected to offer three models: Redmi Note 14, Redmi Note 14 Pro, and Redmi Note 14 Pro Plus. The pricing of the Redmi Note 14 series has been a buzzworthy topic among tech enthusiasts. Tipster Abhishek Yadav has revealed variant-specific prices for all three models. Here's a closer look at the details.

NBCC (India) are likely to remain in focus on Thursday as the company has signed a Memorandum of Understanding (MoU) with Housing & Urban Development Corporation Limited (HUDCO) for the development of land in Noida. The company also announced winning a work order worth Rs 316 crore. “This is to inform that NBCC (India) Limited has signed MoU with HUDCO for development of 10 acre institutional plot at Noida sector-62 as Project Management Consultant,” said the company in an exchange filing.

KEC International shares will be in focus on Thursday after the firm secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India in its Transmission & Distribution (T&D) business. The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations, further bolstering KEC’s leadership in the T&D sector.

Ghaziabad Police on Wednesday told the Allahabad High Court that it has added a new charge against Alt News co-founder Mohammed Zubair. The charge for “endangering the sovereignty, unity, and integrity of India” was made under relevant sections of the IT Act in their October 8 FIR. The statement came when the high court was hearing the journalist's plea seeking to quash the FIR against him over sharing a video clip of Narsinghanand. Zubair’s lawyer Vrinda Grover said, “When the matter was being heard on Monday, the state (UP Police) kept saying that they had added more sections to the FIR. The court then asked them to put it on record. This morning, when they filed an affidavit, the Investigating Officer informed the court that they have added two new sections —152 and 66 of the IT act.”

Erik Solheim, former Executive Director of the UN Environment Programme, has strongly criticised the US government's recent report accusing individuals connected to the Adani Group of discussing bribes to secure solar energy contracts in India. The report has sparked global debate, and Solheim has labelled it a clear case of «American overreach.» He further questioned, «When will American overreach stop?» as he addressed the media coverage of the case. The US report alleges that certain Adani Group-linked individuals had discussed bribes to secure contracts. However, Solheim pointed out that these claims lack substantive evidence of actual bribe payments or involvement from top Adani leaders. Solheim added that such actions by the US government could not only undermine India's energy transition but also harm one of its largest economic drivers.

Subscribe to enjoy similar stories. The Cabinet Committee on Economic Affairs earlier this week approved a plan of India’s Income Tax Department to roll out its PAN 2.0 project. This aims to streamline all services related to our Permanent Account Numbers (PANs) and simplify website access for individuals and companies.

Devendra Fadnavis is widely expected to be sworn in as Maharashtra's next Chief Minister following a green signal from the BJP central leadership. After Shinde's resignation on November 26, it cleared the path for a Fadnavis-led government. The Maharashtra Governor had requested Shinde to continue as caretaker chief minister until the new government is formed. The swearing-in ceremony is scheduled for December 2 at Mumbai’s iconic Shivaji Park, with an elaborate event planned by the BJP, featuring dignitaries and religious leaders.

Sebi scrutiny, the IPO of C2C Advanced Systems received robust response from investors with a subscription of over 100 times. The company is likely to finalise the allotment on November 29. To check the status of C2C Advanced Systems IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.

Adani Group stocks will be in focus on Thursday after the conglomerate clarified on Wednesday that its executives, including Gautam Adani and his nephew Sagar Adani, have not been indicted on bribery charges by US authorities. The group noted that the US actions have caused «significant repercussions including… international project cancellations, financial market impact and sudden examination from strategic partners, investors, and the public». Adani Green Energy Ltd said group founder chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain have not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) over bribery, nor is the civil complaint filed by the US Securities and Exchange Commission (SEC) based on this. Instead, they have been charged on three counts in the criminal indictment-alleged securities fraud conspiracy, wire fraud conspiracy and securities fraud, the company said in the Adani Group statement that was issued on Wednesday.

cement industry in India is expected to witness a significant capacity expansion of 70-75 million metric tonnes (MT) over the next two years, according to the rating agency ICRA. Of this, around 33-37 million MT will come from clinker capacity, while the rest will be from grinding capacity. It said «Around 33-35 million MT capacity is likely to be added in FY2025 (FY2024: 32 million MT), while 37-39 million MT addition is expected in FY2026».

India Meteorological Department (IMD). The depression, as of Tuesday morning, was located 310 km southeast of Trincomalee, 710 km south-southeast of Puducherry, and 800 km south-southeast of Chennai. The IMD stated, «It is very likely to continue moving north-northwestwards and intensify further into a cyclonic storm on November 27. Thereafter, it will continue to move north-northwestwards towards the Tamil Nadu coast, skirting the Sri Lanka coast during the subsequent two days.» Regarding the movement of the deep depression in the Bay of Bengal, which is likely to intensify into a cyclonic storm, the IMD stated, “It is very likely to continue moving north-northwestwards, skirting the Sri Lanka coast, and intensify into a cyclonic storm during the next 12 hours. Thereafter, it will continue moving north-northwestwards and approach the north Tamil Nadu-Puducherry coasts as a deep depression around the morning of 30th November.”

Reuven Azar spoke to about Hamas, how Israel is neutralising the terrorists and the way Hamas is exploiting the aid meant for Palestinians. The conflict in Gaza reignited after Hamas attacked Israel on October 7, 2023. About 2,500 terrorists breached the border into Israel from the Gaza Strip, killing more than 1200 people, including citizens of more than 30 countries, and also took 250 people as hostages. Following the October 7 attack, Israel launched a counter-offensive against Hamas, vowing to eliminate the entire terror group. Ambassador Reuven Azar said that Israel has given «very severe blows» to Hamas.

Adani Group founder Gautam Adani have highlighted the growing problem India's renewable energy developers face in finding buyers for the power they generate. While India's central government wants to shift away from polluting coal-fired generation towards solar and wind, officials say state government-owned power distribution companies responsible for keeping the lights on have dragged their heels over striking renewable purchase deals. U.S. authorities allege that Indian billionaire Adani conspired to devise a $265 million scheme to bribe Indian state government officials to secure solar power supply deals, after one of his companies was unable to secure buyers for a $6 billion project for several years.

Subscribe to enjoy similar stories. New Delhi: Indian cows and buffalos may be put on a diet of seaweed to tackle the problem of bovine burps–the methane-emitting scourge in the fight against climate change. Red seaweeds are a well-known diet supplement to control fatulence among ruminants–animals such as cows, buffalos, sheep and deer–that feed on grass.

Subscribe to enjoy similar stories. India's telecom sector is a critical pillar of the country’s digital economy. It provides services to over 1.2 billion people and contributes significantly to the country's GDP.

Subscribe to enjoy similar stories. The Union government is working on a comprehensive package for the aviation sector involving lower user fees, relaxed regulations and tax concessions, three government officials aware of the development said. Federal think tank Niti Aayog is leading the initiative, holding consultations with the ministries of aviation, commerce, finance, home, petroleum and environment for the package, the people cited above said on the condition of anonymity.