India Financial News

Sensex and Nifty 50, opened in the red on Thursday, weighed down by declines in Adani stocks following the indictment of Adani Group’s billionaire chairman in New York, over his alleged involvement in a multibillion-dollar bribery and fraud scheme. The BSE Sensex was trading 765 points, or 1%, lower at 76,813. The Nifty50 was down 218 points, or 0.93%, trading at 23,299 around 9:42 am.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Share Price Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last trading day, the Nifty 50 index closed at 23,453.8. This figure indicates the performance of the top 50 companies listed on the National Stock Exchange of India.

Subscribe to enjoy similar stories. Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting.

₹3,960 crore from anchor investors. On its first day, NTPC Green Energy, the clean energy division of NTPC, achieved a subscription rate of 33%, primarily driven by retail investors who subscribed to 1.33 times the available shares.The Non-Institutional Investors (NII) segment accounted for 16% of the shares available for subscription, whereas the qualified institutional buyers (QIBs) segment did not receive any bids on the initial day.

Subscribe to enjoy similar stories. Some countries have greeted Donald Trump’s election with despair. In India, the dominant feeling is hope.

Subscribe to enjoy similar stories. The latest round of state elections seems to have gone the Bharatiya Janata Party’s (BJP) way. Most exit polls project that alliances led by India’s ruling party will emerge victorious in Maharashtra and Jharkhand.

Subscribe to enjoy similar stories. The Indian Premier League (IPL) laid out a level playing field through player auctions from the very outset in 2008. Every team has a fixed purse, ensuring that the richest franchises cannot dominate the league simply by buying the best players.

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion of profit over 20 years. According to an indictment, some conspirators referred privately to Gautam Adami with the code names «Numero uno» and «the big man,» while Sagar Adani allegedly used his cellphone to track specifics about the bribes. Prosecutors also said the Adanis and another executive at Adani Green Energy, Vneet Jaain, raised more than $3 billion in loans and bonds for that company by concealing the corruption from lenders and investors.

The exercise is directed at minimising the tax burden in the US, where there is a provision to lower FMV taking into consideration various parameters such as stocks issued at lower prices, legal experts said. Another large fintech, Razorpay, which has sought board approval to move its domicile to India, may see a similar 30-40% cut in fair market value, said a person close to the matter. The final number may differ as the math on the tax outgo will depend on calculations involving the delta between common and preferred stock and total fundraising over the years. Preferred stock or preference shares come with a number of benefits not available to holders of common stock.

Bank of Baroda and Axis Bank are considering raising funds totalling ₹6,500 crore through bonds to boost their capital base, said market sources. State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.

Axis Bank and Krishna Institute of Medical Sciences (KIMS) are among HSBC Global Research’s 12 ‘actionable’ stock ideas in Asia. “We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

security checks, officials told ET. IGI Airport will build a separate, temporary enclosure for passengers stranded due to the take-off delays — expected in fog season this winter — as the Centre tweaks a key security-related rule to ease the pain of travellers and airlines. The proposed changes to the security protocol will allow the airlines to optimally use slots at India’s busiest aviation hub, saving critical time in a season when foul weather often drastically shortens effective operating hours.

Adani Green Energy, India's largest private sector renewable power company, on Wednesday raised $600 million through a 20-year bond, sources close to the development told ET. This issue comes a month after the group postponed a $1.2-billion bond offering as some investors differed over pricing of the instruments. ET reported on Monday the company would be raising $600 million through a bond issuance.

It is not immediately clear how a mountain of sensitive data, pertaining to resident Indians' undisclosed properties in Dubai and other cities in the UAE, landed in the hands of German authorities. Nonetheless, the ownership details of over 1,000 Indians have reached the income tax (I-T) department as per the 'spontaneous exchange of information' mechanism under the Double Taxation Avoidance Agreement (DTAA) between India and Germany, sources told ET.

Subscribe to enjoy similar stories. For India's steelmakers facing the lowest prices in the last four years, things may get worse before they get better. Top manufacturers including Tata Steel Ltd and the Steel Authority of India Ltd (SAIL) are bracing for a challenging December quarter, with a recovery expected only in the fourth quarter.

Subscribe to enjoy similar stories. When a master strategist makes a move, the market takes notice. According to data from Screener.in, a platform that tracks substantial holdings by top investors, one of India’s “Warren Buffetts," known for his Midas touch in small and midcap stocks, has quietly added a new stock to his portfolio.

Subscribe to enjoy similar stories. Piramal Pharma Ltd is confident that the company’s American facilities can help it navigate the volatility in its largest market US following Donald Trump’s comeback, according to chairperson Nandini Piramal. Trump’s second inning is likely to spell uncertainty for pharma companies, she told Mint, referring to his plan to impose import tariffs to make American industry stronger.

Subscribe to enjoy similar stories. A perceived small change by the market regulator to strengthen the index derivatives framework may have a larger-than-anticipated impact on option trading volumes when it is applied on Thursday for the first time at the expiry of the weekly Nifty options contracts, market experts said.

Subscribe to enjoy similar stories. State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and digital solutions, two people aware of the development said.

Subscribe to enjoy similar stories. While new-age ventures received all the spotlight in the markets, hospitality companies have quietly drawn serious interest from investors after the post-pandemic boom in travel and tourism. Samhi Hotels Ltd, Apeejay Surendra Park Hotels Ltd and Juniper Hotels Ltd have gone public, and some big-ticket block deals have happened.

Subscribe to enjoy similar stories. India’s retail investor landscape is undergoing a dramatic transformation. While a diverse range of stocks has captured the fancy of individuals fishing in the equity markets, the mid-cap and small-cap segment—perceived as riskier but with higher potential returns—remains a key draw.