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Subscribe to enjoy similar stories. Vishal Mega Mart Ltd has completed a year on the stock exchanges, and investors can scarcely complain. The shares are up 18% from the closing price on the listing date of 18 December 2024 and nearly 70% above the IPO issue price of ₹78.

Subscribe to enjoy similar stories. More than a decade ago, this was a small, largely overlooked retail chain with a limited footprint. Its stores were concentrated in smaller towns, markets where a large share of India's population lives and spends, but organized retail penetration remained low.

The Reserve Bank of India’s deputy governor T. Rabi Sankar recently responded to a question at a Mint conference on whether stablecoins have a role in the financial system by saying they serve no purpose that fiat money cannot serve. We respectfully disagree.

Subscribe to enjoy similar stories. LONDON—President Trump’s crackdown on Chinese imports in the U.S. has redirected a tsunami of cheap stuff into Europe.

Subscribe to enjoy similar stories. Mutual funds, whose plans to launch specialized investment funds (SIFs) are progressing slowly due to a shortage of skilled managers, are hiring expertise for running long-short strategies from alternative investment funds (AIFs), showed a Mint analysis. Suraj Nanda, the fund manager for equity and hybrid SIF at Tata Mutual Fund, was earlier running a long-short AIF at ICICI Prudential AMC.

Subscribe to enjoy similar stories. Stock market recap: Indian stock market benchmarks – the Sensex and the Nifty 50 – ended in losses for the third consecutive session on Wednesday, 17 December, on persisting concerns over the rupee's weakness, foreign capital outflows and a delay in the India-US trade deal. The Sensex closed with a loss of 120 points, or 0.14%, at 84,559.65, while the Nifty 50 ended at 25,818.55, down 42 points, or 0.16%.

Subscribe to enjoy similar stories. Coinbase Global is getting into prediction markets in a bid to become a one-stop exchange for Americans’ trading needs, the latest sign that tech platforms offering wagers on real-world events are finding their way into every corner of Wall Street. The company has struck a partnership with prediction-markets specialist Kalshi that will allow Coinbase investors to trade on the outcomes of sports games, elections and economic indicators, using the yes-or-no bets that have come to define prediction markets.

Subscribe to enjoy similar stories. New Delhi: As the India-Oman free trade agreement (FTA) is set to be signed on Thursday during Prime Minister Narendra Modi’s visit to Muscat, the deal is being positioned as a key pillar of India’s expanding economic and strategic engagement with the Gulf, even as its immediate trade upside remains measured by the size of Oman’s market. The Comprehensive Economic Partnership Agreement (CEPA) will be the final stop of the Prime Minister’s three-nation tour, which included Jordan and Ethiopia.

Subscribe to enjoy similar stories. MUMBAI : It has been over a year since the Securities and Exchange Board of India (Sebi) intervened to promote discipline in the country’s booming derivatives market, yet retail investors continue to wade into high-risk futures and options (F&O) trading.

I don’t know that much about stock markets, but want to start investing in equities.”“What is the point of just investing with mutual funds and portfolio management services (PMSes)? I want to learn and do it myself.”These are some of the questions I get. Often, the unsaid part is, “It is so boring to say that I am invested in a combination of fixed deposits, mutual funds and PMSes.

Subscribe to enjoy similar stories. Selling pressure on the rally continues to keep a check on market conditions, as the lack of clarity continues to push the market lower with every rally. With trends continuing to fluctuate, we now need to determine that the market demands a hybrid approach.

Subscribe to enjoy similar stories. Indian equity benchmarks extended their decline for a second straight session on Tuesday, driven by persistent selling pressure from foreign institutional investors (FIIs) and weak global market cues.

Subscribe to enjoy similar stories. MUMBAI: Listed bonds in India are poised to claw back market share from unlisted issuances as participation from domestic mutual funds and global investors pushes companies towards more transparent mechanisms of fund raising. Market participants expect more bonds to be listed on Indian exchanges in 2026 and beyond.

India has approached the World Trade Organization (WTO) for consultations with the European Union (EU) as the bloc’s proposed tariffs and quotas on ferro-alloy imports deepen worries about global trade uncertainty when the two parties are negotiating a free-trade pact.India has a substantial trade interest in the products concerned and has invoked provisions of the Agreement on Safeguards to seek consultations with the EU, according to the WTO document reviewed by Mint.The EU issued a notification last month, proposing a safeguard duty after claiming serious injury or threat to its domestic ferro-alloy industry due to rising imports.The EU imported iron and steel products worth about $4.25 billion from India in 2024, according to the United Nations COMTRADE database. Ferro-alloys such as silico-manganese, ferro-manganese and ferro-silicon, which are essential inputs for steelmaking in Europe, accounted for about $381 million.While total Indian exports to the EU in the category may be small, the EU’s move increases uncertainty even as the two sides are engaged in talks for a free-trade pact.

The year that’s drawing to a close will be remembered as the point at which US President Donald Trump overturned the global trading system that had been in place since World War II. India has been a major target of Trumpian whimsy. It is now hard to believe that the world will go back to the old multilateral trading system even after Trump exits office.

It is welcome that the Delhi high court has rejected Novo Nordisk’s effort to extend its patent on specific formulations of the blockbuster drug semaglutide, sold as Ozempic to treat diabetes and as Wegovy for obesity. In 2013, India’s Supreme Court had set a precedent on patent ‘evergreening’ by way of offering it in a different form; it dismissed Novartis’s claim that its new variant of Glivec (effective against leukemia) deserved a separate patent from its original formulation since it offered better bioavailability and therapeutic efficacy without back-up evidence.

Subscribe to enjoy similar stories. Premiumisation — the strategy of driving growth by focusing on high-end products within an existing category — has gained momentum over the past few years across several consumer-facing sectors including automobiles, jewellery, and organised retail. At its core, this reflects a steady rise in per-capita income, which has increased discretionary spending.

India’s central bank recently released the 10th edition of its Handbook of Statistics on Indian States. Among its new additions is state-wise data on domestic tourist visits. Goa, despite its salience as a holiday spot, is a small player on this chart, with just under 10 million visitors in 2024.

Subscribe to enjoy similar stories. Selling pressure on the rally continues to keep a check on market conditions, as the lack of clarity continues to push the market lower with every rally. With the trends continuing to blow hot and cold, we need to now ascertain that the market is demanding us to have a hybrid approach.

Subscribe to enjoy similar stories. Indian equity benchmarks closed a volatile session on Monday with marginal losses, mirroring the caution in broader global markets. Nifty 50 closed 33.35 points lower at 26,013.60, while Sensex shed 54.38 points to settle at 85,213.28.

Subscribe to enjoy similar stories. Walmart-controlled Flipkart received a key approval to shift its domicile back to India, a prerequisite for a local listing, in a move that reflects a shift in India-US economic ties amid prolonged bilateral trade negotiations. The National Company Law Tribunal (NCLT) approved the re-domiciling scheme on Friday, according to an order reviewed by Mint.