India Financial News

Subscribe to enjoy similar stories. NEW DELHI : Gen Z shoppers are keeping fashion retailers on their toes. Over the past year, retailers like Myntra, Max Fashion and Madame have introduced collections tailored to Gen Z preferences.

«The forex has been relatively stable. So, we have got to see how this navigates. For us, we have got a very clear, focused strategy to deliver growth and be in the top two in incremental growth, as you have seen in the quarter that went by,» says Rajiv Rajgopal, MD, Akzo Nobel India. Given that crude is such a crucial raw material for you, tell me the dip below 70, how is that impacting your life? Rajiv Rajgopal: Look, as far as the crude is concerned, the dip had gone down to almost $68. It has come back to 70, so it is a little unpredictable at this point of time. Firstly, whatever little benefits that come, you would see it more accrue in the next quarter and more likely in the fourth quarter if this continues.

toxic work culture" and demanding the resignation of Sebi chief Madhabi Puri Buch, the markets regulator on Monday withdrew its earlier statement blaming «external elements» for the protests. In a fresh statement issued to the media during the day, Sebi said that its earlier press release issued on 4th September, after which scores of its employees gathered around the regulator's headquarters in Mumbai's BKC to stage a silent protest against their boss Buch, stands withdrawn.

Subscribe to enjoy similar stories. MUMBAI : PVR Inox Ltd has got a shot in the arm with the roaring success of Stree 2. The Hindi horror comedy, starring Shraddha Kapoor and Rajkummar Rao, has garnered ₹573 crore since its release on 15 August, according to Bollywood Hungama website.

Prime Minister Narendra Modi on Monday is all set to launch India's first 'Vande Metro' services between Bhuj and Ahmedabad. Ahead of the launch, the Railways Ministry has decided to rename the service to 'Namo Bharat Rapid Rail.' Additionally, Modi will launch the second phase of the metro rail service connecting Ahmedabad and Gandhinagar and take a ride on the metro train. For passengers, its regular service will start from September 17 from Ahmedabad and the total journey will cost Rs 455.

Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years. India is making itself stand apart from the rest of the world because it is driven by domestic flows. It is driven by much stronger fundamentals. While a correction cannot be ruled out, we are not on the verge of a crash or any crisis that will lead to capital disruption. Right now, the big trigger is going to be coming in from the Fed midweek, but other than that, it is a global rally in place, be it for the US, be it for us. For us, the FIIs also now have made a comeback. How are you feeling about the market? Ravi Dharamshi: There is a lot of scepticism, justifiably through the valuations. But valuations are a necessary condition, not a sufficient condition for the markets to correct. I would say the generalization that the entire market is expensive tends to miss out on a lot of nuances. There are pockets where there is overvaluation and there are pockets where there is some opportunity present from the next three to five years.

green future and committed to achieving net zero carbon as it has become a necessity, said Prime Minister Narendra Modi while addressing the 4th Global Re-Invest Renewable Energy Investors' Meet in Gandhinagar, Gujarat, on Monday. He said that the summit was a part of a bigger goal of making India a developed nation by 2047, adding that today’s India is laying road to the next 1000 years. «We not only want to become the top nation, but we also want to sustain at the top,» said Modi. The prime minister said that India was the first nation among the G20 nations to fulfill the Paris Agreement nine years before the 2030 deadline. He said that the government wanted India to become a leading producer renewable energy.

Subscribe to enjoy similar stories. Bajaj Housing Finance’s bumper listing today (16 September) might leave many investors feeling pangs of regret. The stock debuted at ₹150 per share, a staggering premium of 114% over its issue price of ₹70 apiece, possibly igniting a wave of FOMO (fear of missing out) among those who were unable to secure allotments in the company’s initial public offering (IPO).

Trinamool Congress leader Derek O'Brien on Monday questioned why petrol prices in India are not decreasing despite a decline in global crude oil prices. In a post on X, the Rajya Sabha MP said the crude oil prices have come down by around 24 per cent in last ten years, but petrol price in India has gone up by 30 per cent. In August 2014, crude oil was priced USD 102 per barrel and petrol price was Rs 73, while in August 2024, crude oil is at USD 78 per barrel, and yet petrol price is Rs 95, he said. «Why are petrol prices in India not decreasing despite a decline in global crude oil prices?» wrote O'Brien, TMC's parliamentary party leader in the Rajya Sabha.

Subscribe to enjoy similar stories. Have you ever experienced a fall of more than 30% in one of your portfolio stocks within a few days? The prices of many stocks do not return to the level from which they started to fall for months or even years. However, some stocks do recover quickly, returning to the levels from where they started to fall and maybe even exceeding those if the company is fundamentally strong.

Subscribe to enjoy similar stories. Buy or sell stocks: After witnessing a massive upside move on Thursday, the Indian stock market consolidated on Friday and closed lower. However, banking stocks witnessed a decent demand throughout the session.

Subscribe to enjoy similar stories. Shriram Finance Ltd, which was included in the Nifty 50 a few months ago, continues to maintain its strong upward trajectory, outperforming the broader market by a wide margin this year. The shares of this non-banking financial company (NBFC) have surged by nearly 146% over the last three years, against an increase of about 46% in the NSE benchmark index.

₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.The aim of the share offering is to satisfy the directive from the Reserve Bank of India (RBI) for higher layer non-banking financial organisations (NBFCs) to list on stock exchanges by September 2025.To meet its future capital requirements, the firm will use the proceeds from the new offer to expand its capital base.Bajaj Housing Finance IPO GMP today is +75. This indicates Bajaj Housing Finance share price were trading at a premium of ₹75 in the grey market, according to investorgain.com.The estimated listing price of Bajaj Housing Finance share price was indicated at ₹145 apiece, considering the upper end of the IPO price band and the current premium in the grey market, representing an 107.14% increase from the IPO price of ₹70.After analysing the grey market activities from the last 26 sessions, it is evident that today's IPO GMP is on an upward trend, indicating a strong potential for listing.

Subscribe to enjoy similar stories. Crude prices have plummeted 20% since March and are now below $75 per barrel. This has raised hopes of a steep cut in petrol and diesel prices in India, last revised before the general elections.

household budgeting, the responses I get are rarely positive. ‘We overshot the budget by such a large amount that making it seemed like a cruel joke.’ ‘We cannot make budgets for family events as it does not work.’ ‘Budgets are boring; they impose rules where they aren’t needed.’ ‘It’s not always about money; sometimes the heart must make the decision.’ Many of us believe that we are living in prosperous times and setting limits for spending is old school and outdated. In today’s India, spending power defines the freedom of a household to break free from the shackles of erstwhile shortages.

Subscribe to enjoy similar stories. New Delhi: Hostile takeovers in India just got a fillip from the country’s competition watchdog.

Subscribe to enjoy similar stories. Mumbai: Credit growth that leapt far ahead of deposit growth has slowed, narrowing the gap between the two, as regulatory measures take effect and banks dial down a loan frenzy. The difference between non-food credit and deposit growth shrank from 311 basis points on 26 July to 275 bps on 23 August, latest data from the Reserve Bank of India (RBI) showed.

Subscribe to enjoy similar stories. A fresh subsidy scheme to speed up adoption of electric vehicles (EVs) is to be rolled out. The PM Electric Drive Revolution in Innovative Vehicle Enhancement will give ₹10,000 as subsidy for each electric 2-wheeler sold till March 2025 and ₹50,000 apiece for battery-run 3-wheelers.

Subscribe to enjoy similar stories. The Nifty has rallied 16% year-to-date (YTD), but significant gains from here on could be unlikely over the next 12 months, with most of the good news, be it on economic growth, falling inflation and potential interest rate cuts already priced in, believes R. Venkataraman, chairman of IIFL Securities.

This is because in the current environment, where the earnings growth is moderating incrementally, the scope for PE rerating is limited, Amit Ganatra, Head of Equities, Invesco Mutual Fund tells ET Wealth. How are you reading the current market scenario? Is the buoyancy likely to persist on the back of expected interest rate cuts? Market conditions have to be evaluated on the basis of macro outlook and earnings outlook. India’s macro outlook has strengthened in the past few years due to an improvement in the fiscal and current account deficits, and health of balance sheets in the corporate and banking sectors. This has happened at a time when the overall macro conditions for many large economies in the world are either deteriorating or, at best, remain steady. So, in that context, India is demonstrating macro outperformance to the rest of the world.

Bank of Baroda. Though the ICR was comfortable despite moderation, the higher base effect is likely to keep profit growth under pressure. This is distressing as profits are the main driver of the debt servicing ratio. ICR measures a company’s debt servicing capability and indicates whether the company is making enough profits to meet its interest liabilities. Moreover, the sectors that contributed significantly to top line or revenue growth in 2023-24 saw a slowdown in the June quarter. These sectors included automobiles, consumer services, airlines, industrials and cement. “The demand slowdown is a sign of worry,” states the Nuvama report.