Updates Financial News

12.03 / 08:53

markets UPS IPO War performer Updates The US-Iran war threatens India’s multi-year IPO boom

Strait of Hormuz, have disrupted oil supplies and pushed up crude prices—an especially sensitive issue for India, which imports roughly 80% of its fuel.The turbulence has already weighed on domestic markets. The country's benchmark indices have plunged about 4% since the beginning of the war until 11 March.

12.03 / 08:07

markets UPS JPMorgan War Updates International Coal India faces heat from renewables despite near-term pricing uptick

Coal India Ltd’s shares hit a new 52-week high of ₹467.90 on the NSE on Thursday, gaining over 4% when the Nifty 50 index declined 0.5%, possibly on expectations of higher prices at its e-auctions as global coal prices rise due to the West Asia conflict.The flare-up in oil and gas prices is spilling over to the international coal market, too. Higher global coal prices would hurt domestic import volumes and push CIL’s e-auction premiums and offtake higher.The state-owned company sells some of its output through e-auctions at market-determined prices, in addition to fuel supply agreements (FSA) with power producers.

12.03 / 08:07

markets COST UPS Platform security Updates Furniture rentals are booming. Here’s when renting works—and when it doesn’t

₹1,549 a month on Furlenco. The platform also offers an option to buy it for ₹32,500, which is roughly equivalent to 21 months of rent.

12.03 / 08:07

markets UPS Provident Strategy audience reports Updates SIFs explained: Where these new funds fit in an investor’s portfolio

₹100.A PMS requires a minimum of ₹50 lakh.An AIF demands ₹1 crore.An SIF sits between these options, with a minimum investment of ₹10 lakh per asset management company (AMC) at the PAN level.The intended audience is therefore clear: experienced retail investors and emerging high-net-worth individuals (HNIs) who understand risk and can absorb volatility without panic.Structurally, SIFs operate within the mutual fund regulatory framework. They maintain transparency and reporting standards similar to mutual funds, and liquidity can be daily or periodic depending on the scheme.If equity exposure exceeds 65%, taxation applicable is similar to an equity mutual fund.However, within this framework SIFs enjoy far greater strategic flexibility—including up to 25% unhedged short exposure via derivatives.SIFs are permitted to run strategies that would be impractical or impossible within a traditional mutual fund framework.Managers can take long positions in stocks expected to rise while simultaneously shorting stocks expected to fall through derivatives.

12.03 / 07:35

markets FIVE Manufacturing Action Experts reports Updates India plans sops to cut import dependence in construction equipment

NEW DELHI: The Centre is considering a 12–16% incentive on large investments to boost domestic manufacturing of construction equipment such as tunnel boring machines, cranes and crawlers, two people familiar with the discussions said.The proposal is part of the scheme for enhancement of construction and infrastructure equipment (CIE) announced by finance minister Nirmala Sitharaman in her FY27 budget speech on 1 February.

12.03 / 07:11

markets economy President Cycling voice Updates inequality Nouriel Roubini: Kevin Warsh’s ideas may not survive contact with reality once he takes charge of the Fed

Now that Kevin Warsh has been nominated as the next chair of the US Federal Reserve Board, it is worth asking how different a Warsh Fed would be from the current one. President Donald Trump had made it clear that he wants a Fed chair who will push for lower policy rates to juice the US economy and support his broader agenda.

12.03 / 07:11

markets UPS Manufacturing CEO Hawkins electronic Updates LPG curbs: Induction cooktop makers struggle to meet demand as imported component shortage looms

A sudden surge in demand for induction cooktops, triggered by India’s curbs on LPG supplies, has prompted kitchen appliance makers to ramp up production, testing supply chains for imported components.Demand for induction cooktops spiked after the government imposed restrictions on booking LPG cylinders and increased their prices, pushing restaurants and households in urban areas to look for electric cooking alternatives.At Stovekraft Ltd, the parent company of kitchen appliance brands Pigeon and Gilma, average sales of induction cooktops increased about four times over the past few days, with weekly demand about five-fold higher than in the same period last year, managing director Rajendra Gandhi told Mint.“Induction cooktops are currently seeing the strongest demand, followed by cookware,” Gandhi said. Demand is largely from retail consumers through online channels, with some traction from restaurants and cloud kitchens, he said.Wonderchef Home Appliances Pvt Ltd founder and CEO Ravi Saxena said the company’s monthly inventory of induction cooktops sold out within hours after demand suddenly spiked.“Whatever we sell in a month has already been consumed in less than half a day,” Saxena said.

12.03 / 05:17

markets Analysis Trade Universities band show Updates War jitters cool Dalal Street, but India’s pricey tag remains

over the past two weeks amid global risk aversion, rising crude oil prices and persistent foreign portfolio investor outflows, prompting investors to reassess valuations after trade-deal-fuelled exuberance and a sharp rebound from budget-session lows.However, the correction has only partly cooled the market’s froth. A Mint analysis of over 3,400 BSE-listed companies shows that while valuations have moderated from recent highs, a significant portion of stocks still trades at premium multiples.Valuations across the broader market were visibly stretched when the Sensex touched its 52-week high of 85,762.01 on 2 January 2026.

12.03 / 05:17

markets COST War testing Updates When war creates panic, smart investors look for opportunities

markets, by their nature, eventually begin to price the world beyond the conflict.Nations often enter wars even when they can scarcely afford them. They end wars for the same reason. When the economic and political costs become unsustainable, conflicts eventually wind down.The current war in West Asia will likely follow a similar pattern.

12.03 / 03:55

markets UPS security Healthcare Trade hospital Updates Aster DM wins nod for Quality Care merger, paving way for $7 bn hospital giant

Aster DM Healthcare India Ltd has secured approval from its shareholders and unsecured trade creditors for its amalgamation with Blackstone-backed Quality Care India Ltd more than a year after the deal was announced.The voting was held on 10 March, and the results were declared on 11 March. The deal was announced in November 2024.The merger was approved by 96.68% of shareholders and all unsecured creditors, stock exchange notifications from Wednesday showed.Aster's deputy managing director Alisha Moopen told Mint that the merger is expected to be completed in the first quarter of fiscal 2027.Aster and Quality will merge via a share-swap ratio of 977 shares of Aster for every 1,000 shares of QCIL.Aster shareholders will hold 57.3% and QCIL shareholders 42.7% in the merged entity — Aster DM Quality Care, which will be the new name for current listed entity Aster DM Healthcare.Blackstone will be the largest shareholder in the merged entity with 30.7% shareholding, followed by Aster’s promoters (the Moopens, 24%).

12.03 / 03:55

markets UPS IPO Provident reports Updates Private credit fuels founder buybacks ahead of public listings

Mumbai: Private credit is stepping in ahead of public listings to help founders and promoters consolidate stakes or shore up capital as investors seek partial or full exits amid equity market uncertainty.Over the past 12-14 months, founders or promoters of companies including Leap India, Symbiotec Pharma, Vivriti Group, Zepto, InMobi, Lenskart and Zetwerk have engaged in such transactions ahead of their initial public offerings (IPOs), multiple people familiar with the matter told Mint. “Credit is increasingly being used as a flexible pool of capital to capture these opportunities and, in some cases, to provide exits to their investors, especially when public/IPO markets are facing headwinds,” said Aakash Desai, chief investment officer (CIO) & head of private credit at 360 ONE Asset, which closed its fifth private credit fund with a $400 million corpus earlier this week.

12.03 / 02:07

markets President Updates President Trump’s head-spinning pivot on an emergency oil release