Updates Financial News

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%.

JSW Steel and other steel stocks are in the news. The company’s shares jumped 4.9% on 31 December, largely on account of the government’s decision to impose import tariffs on steel products. Before the recent correction, the stock had been trending up for more than two years.Import tariffs help protect pricing of domestic steel producers by preventing cheaper imports, so what does the future hold for the stock? Today, we will discuss the pros and cons of investing in JSW Steel.

New Delhi: Homegrown carmakers Tata Motors, and Mahindra and Mahindra are increasingly improving the speed at which they develop products to gain market share in an intensely competitive domestic market, according to senior executives at auto component makers working with the companies.Indian carmakers have reached parity with European, Japanese and Korean automakers and are increasingly catching up to the speed of Chinese carmakers in rolling out new products, according to top executives at US-based component major BorgWarner Inc. and homegrown auto part maker Lumax Auto Technologies Ltd.This comes in the backdrop of Indian automobile manufacturer Mahindra and Mahindra Ltd reaching the number two rank in annual sales in 2025 for the first time in at least a decade, since retail registration data became available, toppling Korean carmaker Hyundai Motor India Ltd.The shift is inevitable, Nalinikanth Gollagunta, CEO of Mahindra’s automotive division, said.

When elevated valuations and fresh supply of equity could moderate market returns, investors could consider putting their money in equity schemes – with the flexibility to manoeuvre across sectors and market capitalizations – and in asset allocation schemes with a greater tilt towards equity, Sankaran Naren, executive director and chief investment officer at ICICI Prudential Mutual Fund, said in an interview with Mint.Naren advises restraint while making standalone investments in precious metals like gold and silver at current prices, adding that exposure to them could at best be taken through multi-asset strategies or via asset allocation. The markets are closely tracking the impending Indo-US trade deal, he added.

Mumbai: Public markets-bound Bharat Coking Coal Ltd (BCCL), the largest producer of coking coal in India, is pinning its growth story on rising demand from the steel sector, for which the commodity is a key input, the company's management said on Monday.Coking coal is used to make coke, a key input for steel production. This coal sells at a premium to thermal coal, which is burned for heat in power plants and other industries."The real value of coking coal is not getting reflected properly in the Coal India valuation.

Write to Sabrina Siddiqui at [email protected] and Paul Kiernan at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

capture of Venezuelan President Nicolás Maduro on charges ranging from drug smuggling to electoral subversion has injected fresh uncertainty into global markets, lifting gold prices while pushing oil marginally lower.Since Venezuela holds the world’s largest oil reserves—about 303 billion barrels—crude initially drew market attention. Oil prices, however, have remained muted amid weak demand and existing supply overhangs.

Write to Dasl Yoon at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

₹10,900-crore PM E-Drive scheme, two people aware of the development said.This comes less than a fortnight after CESL concluded the country’s largest electric bus tender of 10,900 units under the PM E-Drive scheme, which seeks to accelerate adoption of electric mobility and focuses on public transport, freight, and ambulances to reduce carbon emissions.CESL’s plan involves reducing the upfront cost of these e-trucks and setting up electric vehicle (EV) chargers by building scale through demand aggregation. CESL, the subsidiary of Energy Efficiency Services Ltd (EESL), has started talks with Indian ports that are big users of trucks to ferry goods, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.This focus on e-trucks comes at a time when the incentives for two- and three-wheelers under the PM E-Drive scheme are set to lapse in March 2026.“CESL is looking to become the nodal agency for e-trucks also, now that the e-bus tender is done,” said the person cited above, referring to the recently-concluded tender for 10,900 e-buses.“There have been talks for becoming the nodal agency, and some talks with 1-2 ports also.

Write to Barcelona Editors at [email protected] all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Write to Martin Baccardax at [email protected] all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Write to Ryan Dubé at [email protected] all the Business News, Politics news,Breaking NewsEvents andLatest News Updates on Live Mint. Download TheMint News App to get Daily Market Updates.

Write to Spencer Jakab at [email protected] all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

private sector banks including HDFC Bank, ICICI Bank, and YES Bank are set to kickstart the third-quarter earnings season from 17 January.Non-food credit for the banking sector grew almost 12% on year as on 15 December, according to latest data from the Reserve Bank of India, driven by a consumption-led recovery and supportive regulatory measures. This was up from around 9% in May.“Growth momentum has strengthened over the past few months and credit cycle has seen a meaningful pickup after GST cuts…with the full 100 bps CRR (cash reserve ratio) cut now in place and recent supportive regulatory measures, further support to credit expansion expected ahead,” Motilal Oswal Financial Services said in a pre-earnings note.Pre-quarterly updates from lenders suggest this momentum has sustained into the December quarter, even as deposit growth has lagged, at a little over 9% on year.Macquarie Research flagged that the loan-to-deposit ratio (LDR) for the banking system has climbed to over 81%, the highest level on record.

I’m a OCI cardholder and graphic designer by occupation. I came to India in July 2025 for taking up several regional film projects as a consultant and I plan to stay through the financial year. I’m continuing to do consulting work right now even for outside India clients. Whatever fees that I earn from those clients, I take it in my foreign bank account. Would those fees become taxable in India even if I don’t remit them to my Indian bank account?- Name withheld on requestAt the outset, it is necessary to determine your residential status in India for the financial year 2025–26 under the provisions of the Income-tax Act, 1961 (ITA).If your stay in India during the relevant financial year aggregates to 182 days or more, you would be regarded as a resident in India for tax purposes.

Write to Paul R. La Monica at [email protected] all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

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.

This is the season when columnists turn to prophecy and then congratulate themselves a year later for getting some of it right. I’m afraid I am about to join the club. As I predicted at the end of last year, Asia in 2025 revolved around three main forces: the blossoming bromance between US President Donald Trump and China’s Xi Jinping, rising pressure on Taiwan, and a newly emboldened Kim Jong Un drawing closer to both Moscow and Beijing.These dynamics will only get more obvious in 2026.

New Delhi: IPO-bound Inox Clean Energy Ltd announced on Monday that its renewables independent power producer (IPP) arm Inox Neo Energies Ltd has acquired 250 megawatt-peak (MWp) of operational solar projects from SunSource Energy Private Ltd and is in the process of acquiring another 50 MWp.Although the company did not disclose the transaction value, two people in the know of the developments said the acquisition was done for about ₹1,000 crore. It will be funded through pre-IPO fundraises, internal accruals, and capital from the promoters, one these people said.MWp denotes the maximum direct-current power a system can produce under ideal laboratory conditions, representing its theoretical peak capacity, unlike MW, which indicates actual, real-world power output that fluctuates with weather and time.The acquisition is a strategic move in India’s rapidly expanding commercial & industrial (C&I) power market.

Generative AI is trained on vast amounts of information to “understand” and generate human-like language. In simple terms, it functions like a super-intelligent research assistant for tax departments.One of its most immediate applications is document summarization.

₹99 here, ₹249 there, ₹1,200 occasionally. These small unauthorized debits, fake subscription renewals, or wrong UPI transfers don’t make headlines, but they quietly erode a family’s monthly surplus.AI has amplified this problem. Scammers no longer rely on clumsy phishing messages.