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Subscribe to enjoy similar stories. Shares of public sector major Bharat Heavy Electricals Ltd (BHEL) have slid nearly 15% over the past three trading sessions, spooking investors after reports suggested a potential policy shift that could reopen India’s power equipment market to Chinese manufacturers. The sell-off began on 8 January, when the stock plunged 14% intraday, following media reports that a government committee had recommended allowing Chinese power equipment makers to bid for government contracts.

Subscribe to enjoy similar stories. Stock markets recap: Frontline indices, the Sensex and the Nifty 50, ended in negative territory for the fifth consecutive session on Friday, 9 January, as renewed concerns over US tariffs, caution ahead of the Q2 results season, and relentless foreign capital outflow continued to pressurise market sentiment. The Sensex crashed 605 points, or 0.72%, to end at 83,576.24, while the Nifty 50 declined 194 points, or 0.75%, to close at 25,683.30.

₹816 crore from ₹1,020 crore as it sharpens its focus on attracting a broader and more stable institutional investor base amid improving profitability.The downsized offer values Amagi at $869 million at the top of the price band versus its $1.4 billion valuation back in 2022, after it secured a $100 million investment from General Atlantic.The company has fixed a price band of ₹343 to ₹361 per share for its ₹1,788.6 crore IPO, which also includes an offer-for-sale (OFS) component.Amagi's public market debut makes it the first large tech IPO of 2026 in India, marking the beginning of a streak of software-as-a-service companies that are either prepping for a public market debut or are considering listing. The list includes the likes of Leadsquared, BusinessNext, Zenoti, Icertis, Mindtickle, Juspay and Whatfix.

Why it’s recommended: Strong digital engineering and cloud-led revenue mix, consistent earnings growth with healthy margins, rising deal wins, and an improving order pipeline, strong client diversification across industries and geographies, and a healthy balance sheet with low debt levels.Key metrics: P/E: 64.91 | 52-week high: ₹6,599 | Volume: ₹409.23 croreTechnical analysis: Cup-with-handle breakoutRisk factors: Dependence on global IT spending cycles, pricing pressure from large IT peers and niche players, client concentration risk in key accounts, talent attrition and wage inflation impacting margins, and currency volatility affecting overseas revenues.Buy: ₹6,420-6,480Target price: ₹7,100 in two to three monthsStop loss: ₹6,100Why it’s recommended: Strong presence in chronic therapy segments, consistent earnings and cash flow generation, improving India formulations growth, a healthy product pipeline with regular launches, and a stable balance sheet with manageable debt.Key metrics: P/E: 65.98 | 52-week high: ₹4,104.80 | Volume: ₹361.85 croreTechnical analysis: Flat base breakoutRisk factors: Pricing pressure in the U.S. generics market, regulatory risks from the US FDA inspections, dependence on key molecules and markets, rising input and compliance costs, and currency volatility impacting margins.Buy at: ₹4,070-4,100Target price: ₹4,600 in two to three monthsStop loss: ₹3,820Indian equities ended marginally lower on Tuesday after a volatile session, with Nifty 50 slipping 0.14% to close at 26,140.75.

Stock market recap: Indian equities ended lower on Monday, 5 January, despite positive global cues as investors booked profits in select heavyweights amid increased geopolitical tensions after the US military action in Venezuela, capturing Venezuelan President Nicolas Maduro and his wife.However, the US attacks on Venezuela did not deal any significant blow to global markets. In Asia, Japan's Nikkei and Korea's Kospi jumped over 3% each, while China's Shanghai Composite rose by over 1%.

real estate developers is expected to be mixed in Q3FY26, largely dependent on the pace of new project launches.Sobha Ltd, for example, launched the luxury Sobha Magnus project in south Bengaluru, ventured into Mumbai with Sobha Inizio, and unveiled Sobha Strada in sector 106, Gurgaon. This propelled its pre-sales to ₹2,115 crore in Q3, marking a 52% year-on-year jump and making this its best Q3 ever, with Bengaluru driving the bulk of the bookings.

Agentic AI.The seeds for Agentic AI were sown in 2025. We saw Google Gemini access (with permission) Gmail to triage inboxes and draft context-aware replies, link to Calendar. and keep and manage agendas and to-do lists.

Stock market recap: Indian equities ended mixed on the first trading day of 2026, as stock-specific moves and a lack of fresh triggers kept sentiment subdued. The Sensex slipped marginally, while the Nifty 50 closed slightly higher.

The Indian stock market is no longer a place where bargains are easily available. Thanks to the rally over the past two years, all stocks, including midcaps, have moved up.Riding a mix of earnings growth, policy stability and steady domestic inflows, most now enjoy valuations way above their historical medians.In such an environment, the question for investors is no longer where growth exists; it is how to capitalise on it.

₹100 to the dollar.Former chief economic advisor Arvind Subramanian argued this week in the Indian Express that ₹100 per dollar is a worthy new-year resolution for the Reserve Bank of India (RBI), not least because China and East Asia have kept their currencies cheap to exploit foreign markets: “The markets are trying to do a desirable job that policymakers have been unable or unwilling to do.”Indian companies are savvy enough to hedge their currency exposure.We should do more to help our most labour-intensive industries: ‘Make in India’ needs to be rebranded as ‘Hand-Make in India.’ A much-needed pen-stroke reform, says Laila Tyabji, founder of Dastkar, is to “simply remove GST on handlooms; it needlessly increases the paperwork and end price.”I buy handloom or hand-dyed cotton and walk 400 metres from my apartment to a tailor who adeptly makes shirts out of Kerala mundu material and even delicate jamdani that looks like candyfloss.Consider renaming Ease of Doing Business as a more truthful ‘unease of doing business,’ thus focusing on reducing the complexity of dealing with the government.It is wonderful, of course, that we can pay our taxes online almost as easily as buying a book off Amazon, but our tax system is still too complex and does little to widen the tax base. In fact, the last budget arguably narrowed it by raising the income threshold for income tax.In a country as unequal as ours, we need an inheritance tax.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] Nifty 50 and S&P BSE Sensex are among the worst performers globally, even as markets elsewhere surge: South Korea’s Kospi leads with 67.5% gains in 2025 so far, followed by Brazil at 31.6% and Hong Kong’s Hang Seng at 28%.Indian equities trailing global peers this year has prompted investors to ask whether this is a passing phase or a deeper trend.

Delhi-based Deepika Khosla, 38, a French teacher, and her husband, Mohit Khosla,40, a working professional in the telecom sector, are parents to twins Avighna and Itika, both eight years old and currently in grade 3. Education forms a central part of the family’s monthly budgeting.

Will and Ariel DurantIn the day-to-day intensity of building and running a business, it’s easy to get consumed by immediate decisions, metrics and crises. The Lessons of History by Will and Ariel Durant reminded me of the importance of occasionally stepping back and zooming out. The Durants distil centuries into recurring themes: ambition, cooperation, conflict, resilience, and show how little human nature truly changes.

Capitalism: A Global History by Harvard historian Sven Beckert.In the self-interest of this claim, its length is best left undisclosed.It kicks off with a jaw-dropper: the 1639 trial in America of Robert Keayne, a trader shamed for ‘false principles’ like it being fine for someone to “sell as dear as he can and buy as cheap as he can” and take advantage of either “his own skill or ability” or “another’s ignorance or necessity.”Adam Smith’s thesis of an ‘invisible hand’ blending our interests to serve our collective well-being came much later, in 1776, though capitalism as an economic order is characterized not just by a free market, but also by the right to private property, contract enforcement and other props.The charm of Beckert’s account of endless capital self-creation is that it offers us a global view. After all, its story not only spans a millennium, it girdles the globe.Aptly, thus, this book takes us back to trade across the high seas around India about nine centuries ago.

Stock market recap: The Indian stock market ended lower on Friday, 26 December, as investors stayed in selling mode amid a lack of fresh triggers and mixed global cues. The Sensex fell 367 points, or 0.43%, to 85,041.45, while the Nifty 50 dropped 100 points, or 0.38%, to 26,042.30.

The ministry of road transport and highways has tweaked cab aggregator guidelines to ban advance tipping—a feature that allowed passengers to offer a tip upfront while booking a ride. What does this mean for the companies bracing for short-term friction, and how will incentive redesign to offset the long-term impact? Mint explains.Queries sent to Uber, Ola, Rapido and Namma Yatri following the 26 December notification did not elicit a response until press time.Advance tipping refers to a feature on ride-hailing apps that allows passengers to add a tip at the time of booking, before a ride is accepted or completed.

State-owned Central Bank of India is looking to change its loan book mix by stepping up corporate lending, even as retail, agriculture and MSME (RAM) segments remain its core strength, managing director Kalyan Kumar told Mint in an interview.As of September 2025, nearly 72% of the bank’s ₹2.93 trillion loan book was tilted towards RAM, with corporates accounting for just 28%. Kumar plans to change this mix to 65:35 by March 2026, without diluting the lender’s core focus on its rural and semi-urban franchise.Barely weeks after taking charge on 30 September, Kumar said that, “RAM will always remain our priority.

True financial well-being doesn't start by asking what the market can give you. It starts by calculating what you need to get. It begins with the Required Rate of Return.When you create a financial plan that is dependent upon market return expectations, you are essentially creating a home without a solid foundation.

Sebi)—moves that suggest growing institutional and promoter confidence in the sector.However, experts caution that rich valuations, lumpy growth and cash-flow risks mean only a handful of companies may be able to outperform the broader market from here. While sentiment around the defence theme has cooled, conviction in the sector’s long-term growth story remains intact.The key question, then, is whether there are enough cues for defence stocks to deliver market-beating returns.The prevailing view among market participants is that defence stocks may not deliver market-beating performance in the near to medium term.

Mint a decade ago under the ominous headline ‘Is the history of the 1930s repeating itself?’ that concluded with: “History is unlikely to be repeated in the same manner, but with capitalism in crisis, and both the Centre and organized Left in retreat, human tragedy of indeterminate magnitude is likely. Whether the post-war liberal order will survive the right-wing onslaught is moot.”Developments over the last decade only fuelled my fears.

Sensex is on track to end December marginally in the red, extending last year’s weak finish and marking the sixth time in close to a decade that the benchmark index has closed the holiday month with losses.A Mint analysis shows the index headed for a modest decline of about 0.2% in December, following a 2% fall in December 2024. The only worse December in recent years was 2022, when the Sensex dropped almost 4%.