Wednesday, October 15, 2025 News Archive | Financial News | Discvr | discvr.ai
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Wednesday, October 15, 2025 News Archive

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positive
13h ago

Canara HSBC Life IPO oversubscribed 2.29× ahead of listing

Canara HSBC Life IPO oversubscribed 2.29× ahead of listing
Canara HSBC Life’s initial public offering closed with a 2.29× subscription, indicating solid demand ahead of its imminent listing. The insurer offered shares across retail and institutional categories, drawing strong interest. Listing is expected soon across Indian exchanges following allotment and share credits. The demand reflects confidence in its growth prospects and market positioning. Investors are now watching listing premium and early trading behavior.
positive
13h ago

Midwest IPO to list on BSE & NSE on October 24

Midwest IPO to list on BSE & NSE on October 24
Midwest, a natural stone mining and exporting firm, plans to list its shares on both BSE and NSE on October 24 after its IPO subscription window closes October 17. The company has issued ₹250 crore fresh equity and ₹201 crore via OFS. Its operations span key export markets, and the IPO proceeds will support debt repayment and capacity expansion. Analysts expect healthy investor demand given the firm’s track record and growth plans.
neutral
13h ago

Rakuten considers U.S. IPO to spin off its credit card arm

Rakuten considers U.S. IPO to spin off its credit card arm
Rakuten is weighing options to list its credit card business in the U.S., possibly via IPO or stake sale to strategic investors. The unit spans over 30 million card accounts and recorded ~20% growth in non-GAAP operating profit in 2024. The listing would mark a premium monetization of its fintech ecosystem, following globalization strategies. The IPO is in early stage and contingent on valuation, market timing, and regulatory approvals across Japan and U.S.
neutral
13h ago

Abra holding readies U.S. IPO with draft registration filing

Abra holding readies U.S. IPO with draft registration filing
Abra, the airline group owning Gol (Brazil) and Avianca (Colombia), has confidentially submitted a draft registration statement for a U.S. IPO of ordinary shares. The move follows Gol’s plan to go private and delist from the São Paulo exchange as part of group restructuring. The offering is contingent on market conditions and regulatory review. The company says it intends to use public equity to consolidate ownership and support future growth.
positive
13h ago

Rubicon Research to list on exchanges tomorrow after massive oversubscription

Rubicon Research to list on exchanges tomorrow after massive oversubscription
Pharmaceutical company Rubicon Research is set to list its shares on the BSE and NSE tomorrow, October 16, 2025, after closing a highly oversubscribed IPO that attracted bids more than 100×. The offering was fully allotted, and share credits are expected to be credited before debut. Proceeds will support debt repayment and expansion. Market sentiment is positive based on grey-market premium and institutional demand. Trading begins on the mainboard tomorrow morning.
positive
13h ago

Canara Robeco AMC to debut on stock exchanges tomorrow

Canara Robeco AMC to debut on stock exchanges tomorrow
Canara Robeco Asset Management Company will list its shares on the BSE and NSE tomorrow, October 16, 2025, following a successful IPO and allotment process. As a prominent mutual fund house, the listing is natural market entry for one of India’s largest AMC players. Investor interest was high, reflecting confidence in its distribution, AUM growth and mutual fund sector prospects. Shares will be tradable on both mainboard exchanges starting tomorrow.
neutral
14h ago

AI chatbots displace India’s call-center workers, slashing labor needs

AI chatbots displace India’s call-center workers, slashing labor needs
In India, AI chatbots are rapidly replacing traditional call-center agents and customer support staff. Startups like LimeChat claim reductions in manpower needs by up to 80%. Revenues have surged from ~$79,000 to $1.5 million in two years using generative models. While companies embrace cost and efficiency gains, concerns rise over job displacement for ~1.65 million BPM workers. The transition-building focus on retraining programs is escalating in policy circles.
positive
14h ago

Bitcoin, Ethereum, XRP show recovery momentum after sharp selloff

Bitcoin, Ethereum, XRP show recovery momentum after sharp selloff
Cryptocurrencies rebounded today as traders responded to dovish signals from the U.S. Fed and broad market relief. Bitcoin climbed ~1.1%, Ethereum ~4.8%, and XRP ~2.3%, recovering from earlier weakness. The rally drew back investors from safe havens into risk assets. Forward markets now price ~93% probability of a half-point rate cut by year end. The uptick suggests resilience in crypto flows despite macro headwinds.
positive
14h ago

Consuma AI raises ₹12 crore for SaaS market research platform

Consuma AI raises ₹12 crore for SaaS market research platform
Market research startup Consuma AI secured ₹12 crore in funding led by Equirus Capital’s InnovateX Fund. The capital will help scale its SaaS consumer insight platform, enhance AI analytics, and expand operations. The startup solves data bottlenecks in consumer research using AI to generate faster insights. The fresh funding underscores investor interest in AI-powered B2B tools in India.
positive
14h ago

AI power chip startup Vertical Semiconductor raises $11M

AI power chip startup Vertical Semiconductor raises $11M
MIT spinout Vertical Semiconductor raised $11 million to develop GaN-based power electronics tailored for AI data center workloads. The vertical transistor design reduces heat and improves conversion efficiency in high-power environments. The capital will be used to build prototypes, scale pilot manufacturing, and secure industry partnerships. The startup seeks to displace traditional silicon power chips in AI infrastructure.
positive
14h ago

Apna launches enterprise-grade voice AI platform “BlueMachines.ai”

Apna launches enterprise-grade voice AI platform “BlueMachines.ai”
Apna.co, India’s large jobs and networking platform, has launched BlueMachines.ai — a scalable enterprise voice AI solution. The system supports multilingual agent interactions and is positioned for businesses in sectors needing high compliance and heavy customer outreach. Apna plans to integrate voice agents into its ecosystem and offer the platform to third parties. The move represents its push from job marketplace into AI infrastructure.
positive
14h ago

Akamai pledges AI inference cloud in India, integrating Nvidia tech

Akamai pledges AI inference cloud in India, integrating Nvidia tech
Akamai Technologies plans to deploy an AI inference cloud in India to support real-time model processing closer to users. The initiative will incorporate Nvidia’s Blackwell chips, with expected deployment by December 2025. It aims to reduce latency and enable advanced AI services locally. This move positions Akamai in the regional AI infrastructure stack and could attract more enterprises building cloud-native AI applications in India and adjacent markets.
positive
15h ago

enspired extends Series B to over €40M to power AI energy solutions

enspired extends Series B to over €40M to power AI energy solutions
Vienna-based startup enspired has extended its Series B funding round to over €40 million to scale AI-driven battery energy storage optimization solutions globally. The company integrates grid, renewable and battery assets to optimize energy flow and yields using machine learning. It will use the capital to expand its engineering team across Europe and U.S., and broaden deployment across utilities and independent power producers. The round signals continued investor confidence in climate-tech AI.
positive
15h ago

Matters.AI secures ₹55 crore seed round for content-AI play

Matters.AI secures ₹55 crore seed round for content-AI play
Indian startup Matters.AI has raised ₹55 crore in a seed funding round co-led by Kalaari Capital and Endiya Partners, with participation from Better Capital and Carya Venture Partners. The company builds generative AI tools to automate content creation for publishers, marketing firms and creators. It will use funds to expand its product suite, hire engineering talent and deepen integrations with content platforms. The raise spotlights growing investor interest in AI content startups in India.
neutral
15h ago

Peter Thiel-backed Erebor granted preliminary approval by U.S. OCC

Peter Thiel-backed Erebor granted preliminary approval by U.S. OCC
Erebor Bank, a fintech startup backed by Peter Thiel and others, has obtained preliminary conditional approval from the U.S. Office of the Comptroller of the Currency. The bank aims to bridge finance, crypto, AI and innovation sectors by offering tailored services to tech firms. With initial capitalization of $275 million, it plans a digital banking model from Columbus, Ohio and New York. Critics question political ties but the team pledges prudent risk management.
neutral
15h ago

AI chatbots begin replacing India’s call-center workforce

AI chatbots begin replacing India’s call-center workforce
In India, conversational AI systems are increasingly being deployed to handle customer support tasks traditionally done by human agents. Startups are customizing bots for regional languages and complex scripts to manage voice and chat queries. Financial institutions and telecom firms are among early adopters. Analysts estimate that up to 35–50% of conventional back-office roles may face disruption over the next five years if adoption accelerates. The trend is raising questions about reskilling and workforce shifts.
neutral
15h ago

UK imposes sanctions on select Indian, Chinese firms over Russian oil link

UK imposes sanctions on select Indian, Chinese firms over Russian oil link
British Finance Minister Rachel Reeves announced targeted measures against select companies in India and China for their involvement in Russian oil trade through shadow shipping networks. The sanctions aim to tighten pressure on Moscow by cutting revenue channels, while signaling UK’s resolve in enforcing energy sanctions. The move may escalate economic tensions and disrupt trade flows with implicated firms facing scrutiny. Analysts see this as part of broader geopolitical financial tightening.
neutral
15h ago

China files WTO complaint challenging India’s EV and battery subsidies

China files WTO complaint challenging India’s EV and battery subsidies
Beijing has lodged a World Trade Organization dispute against New Delhi over its subsidies to electric vehicle and battery manufacturers, claiming they unfairly disadvantage Chinese firms. China contends that India’s incentives violate WTO rules and asks for remedies to restore trade balance. India has yet to respond formally. The move signals intensifying competition in green technology and could strain trade relations just as both countries vie for leadership in EV adoption.
neutral
15h ago

Liquidity boost from RBI’s CRR cut undermined by FX intervention and forward maturities

Liquidity boost from RBI’s CRR cut undermined by FX intervention and forward maturities
The RBI’s 100 bps cut in the cash reserve ratio (CRR) was intended to release ₹2.5 trillion liquidity, but so far only ~₹1.25 trillion has materialized. Analysts attribute the shortfall to concurrent FX interventions and forward maturities that drained excess system funds. The banking system briefly slipped into deficit. Further cover may come via open market operations or permanent liquidity tools if yields remain under stress.
positive
15h ago

RBI sells dollars aggressively in morning FX move, rupee strengthens

RBI sells dollars aggressively in morning FX move, rupee strengthens
India’s central bank intervened sharply in early trade to sell U.S. dollars via state banks, aiming to halt rupee depreciation. The rupee strengthened from ~₹88.26 to ~₹87.75 as stop-losses triggered and speculative long positions unwind. The move marks a return to proactive FX defense after periods of passive stances. Analysts say this may become a recurring tool given external pressures and volatility ahead of key global data. Source URL: https://www.reuters.com/world/india/aggressive-central-bank-intervention-helps-rupee-rise-above-88usd-traders-say-2025-10-15/
negative
15h ago

SEBI orders return of ₹1,730 cr from CERC officials over IEX insider gains

SEBI orders return of ₹1,730 cr from CERC officials over IEX insider gains
SEBI has issued an interim order mandating that two officials of India’s power regulator and others return ₹1,730 crore in profits deemed ill-gotten through insider trading tied to policy changes involving the Indian Energy Exchange. The officials and associated parties are barred from securities trading henceforth. The probe links their positions and trades to an advance leak of a ‘market coupling’ rule which later caused a 29.6% decline in IEX shares.
negative
15h ago

IPO-bound firms slump as Oct listings disappoint

IPO-bound firms slump as Oct listings disappoint
Several high-profile companies awaiting IPOs saw sharp declines in their unlisted share values this month. Oyo shares fell ~48% in two weeks, with Groww, NSE, HDFC Securities, and others dropping 7%–20% in response to disappointing listing performance and weakening investor sentiment. Analysts say overvaluation and lack of post-listing power are dampening primary market expectations. The trend is pushing IPO candidates to revise pricing or postpone launches amid caution.
positive
15h ago

LG India stock soars 50% on debut, sets D-Street record

LG India stock soars 50% on debut, sets D-Street record
LG Electronics India's IPO listing delivered a dazzling performance, with its shares climbing 50% above the issue price on debut. The turnaround marked one of the strongest receptions for a billion-dollar IPO in India, surpassing many expectations. The aggressive inflows reflect investor appetite for consumer and manufacturing names, especially as policy support and festive demand reinforce sentiment. Market watchers now look at valuation sustainability and peer response ahead.
positive
15h ago

Gold rises above $4,200 as markets price in risk and rate cuts

Gold rises above $4,200 as markets price in risk and rate cuts
Gold breached the $4,200 per ounce threshold for the first time, fueled by intensifying U.S.–China trade tensions and growing expectations of Federal Reserve rate cuts. The rally reflects safe-haven demand and weakening dollar pressure as central banks hint at easing. Technical momentum also played a role, with large positions repositioned into precious metals. Analysts caution that a reversal in rate expectations or optimism in equities could challenge the rally.
neutral
15h ago

OPEC calls for more investment as energy demand surges

OPEC calls for more investment as energy demand surges
OPEC Secretary-General Haitham Al Ghais urged greater capital allocation to the oil and gas industry, suggesting fossil fuels will still account for around 30% of the energy mix through 2050. He stressed demand growth, urbanization, and energy security expose supply gaps unless investment rises. The call comes during the Russian Energy Week, where OPEC+ members also hinted at easing production cuts. Analysts worry about oversupply and market destabilization.
positive
16h ago

Carma Used Cars raises $100 million ahead of its ASX IPO

Carma Used Cars raises $100 million ahead of its ASX IPO
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
neutral
16h ago

IMF lifts global 2025 growth forecast amid easing tariffs

IMF lifts global 2025 growth forecast amid easing tariffs
The International Monetary Fund raised its projection for global GDP growth in 2025 to 3.2%, citing more benign trade policies, stabilizing financial conditions, and rising investment in AI. The upgraded outlook offsets some risks such as U.S.-China tensions and inflation pressures. The IMF warned that sustained trade escalation could trim growth by up to 1.2 percentage points in 2026. Countries with weak fiscal buffers remain vulnerable to external shocks.
neutral
16h ago

Rakuten mulls U.S. IPO for its credit card division

Rakuten mulls U.S. IPO for its credit card division
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
positive
16h ago

Midwest IPO Day-1 gets 1.31× subscription amid strong investor interest

Midwest IPO Day-1 gets 1.31× subscription amid strong investor interest
On its first day of bidding, the Midwest IPO has attracted subscription of 1.31 times, indicating robust demand from investors. With ~40.77 lakh shares bid against ~31.17 lakh on offer, the interest reflects confidence in its business fundamentals and global operations. Grey Market Premium (GMP) and investor sentiment are under close watch as the IPO proceeds to the final subscription window. Listing is expected on October 24.
positive
16h ago

Carma Used Cars raises $100 million ahead of its ASX IPO

Carma Used Cars raises $100 million ahead of its ASX IPO
Carma Used Cars has priced its IPO at the higher end of its range, raising $100 million at an enterprise valuation near $369 million. The funds include a $70 million fresh issue, with the rest via existing shares. Despite EBITDA losses, Carma aims to scale as Australia’s online used car marketplace, offering inspections and warranties to buyers. Its ASX listing is targeted for November 5, catching attention in a quiet IPO environment.
positive
16h ago

Midwest IPO Day-1 gets 1.31× subscription amid strong investor interest

Midwest IPO Day-1 gets 1.31× subscription amid strong investor interest
On its first day of bidding, the Midwest IPO has attracted subscription of 1.31 times, indicating robust demand from investors. With ~40.77 lakh shares bid against ~31.17 lakh on offer, the interest reflects confidence in its business fundamentals and global operations. Grey Market Premium (GMP) and investor sentiment are under close watch as the IPO proceeds to the final subscription window. Listing is expected on October 24.
positive
16h ago

Midwest IPO opens with ₹451 crore issue size, strong fundamentals

Midwest IPO opens with ₹451 crore issue size, strong fundamentals
Midwest’s IPO has launched with a total size of ₹451 crore, including a ₹250 crore fresh issue and ₹201 crore offer for sale. The company operates in natural stone mining and exporting with global presence and intends to utilize IPO funds for expansion and debt repayment. The subscription window runs until October 17, and listing is scheduled for October 24 on BSE & NSE. Early sentiment is positive given its financial track record.
neutral
16h ago

Rakuten mulls U.S. IPO for its credit card division

Rakuten mulls U.S. IPO for its credit card division
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
neutral
16h ago

Apple pushes India to amend tax classification on manufacturing assets

Apple pushes India to amend tax classification on manufacturing assets
Apple is urging the Indian government to revise its tax rules, arguing that machinery used in its high-end iPhone manufacturing should not trigger ‘business connection’ status under the 1961 law. The current classification exposes it to significant taxes. The plea comes as Apple expands manufacturing in India, with its market share reaching ~8% and production volumes quadrupling since 2022. Contractors like Foxconn and Tata may also benefit if change is approved.
neutral
16h ago

ICICI Prudential MF halts new investments in Silver ETF funds of fund

ICICI Prudential MF halts new investments in Silver ETF funds of fund
ICICI Prudential Mutual Fund suspended fresh subscriptions to its Silver ETF Fund of Fund, becoming the fifth fund house to take this step. The move follows rising volatility in silver markets and structural pressures within commodity-linked portfolios. The suspension aims to protect existing investors and maintain scheme stability. Observers see it as a shift toward caution among mutual funds participating in volatile commodity instruments. Watch for further inflow controls in related ETFs.
negative
16h ago

SEBI bars Nirman Agri Genetics over IPO funds misappropriation

SEBI bars Nirman Agri Genetics over IPO funds misappropriation
India’s securities regulator has issued a ban on Nirman Agri Genetics and its promoter from market participation after uncovering significant diversion of IPO proceeds. The investigation revealed nearly full misallocation of IPO funds to shell entities linked to the promoter, along with forged licenses and suspicious transactions. The ban marks decisive regulatory action aimed at safeguarding investor trust and preventing misuse in SME and small-scale listings. Market watchers expect stricter scrutiny going forward.
positive
16h ago

UK’s Nscale inks $14B GPU deployment pact with Microsoft ahead of IPO

UK’s Nscale inks $14B GPU deployment pact with Microsoft ahead of IPO
U.K. AI infrastructure startup Nscale has signed a GPU deployment deal with Microsoft worth up to $14 billion. Under the agreement, Nscale will install ~116,600 Nvidia GPUs in its data centers in Texas and Portugal over 12–18 months. This deal bolsters Nscale’s trajectory toward an IPO by late 2026. The contract adds credibility to its scale plans and valuation following a recent $1.5 billion funding round. Observers see the deal as a major signal for AI infrastructure investing.
positive
16h ago

MIT spinout Vertical Semiconductor raises $11M to power AI infrastructure

MIT spinout Vertical Semiconductor raises $11M to power AI infrastructure
Vertical Semiconductor, spun out of MIT, secured $11 million in fresh funding to commercialize efficient GaN-based power chips aimed at AI data centers. Its designs stack transistors vertically—unlike horizontal layouts—to reduce heat and improve energy conversion. The startup plans to ship prototypes before year end and commercialize its products next year. Backed by Playground Global, it aims to disrupt existing silicon incumbents in high-efficiency power conversion for AI workloads.
negative
16h ago

Sebi bars eight from market for IEX insider trading scheme

Sebi bars eight from market for IEX insider trading scheme
India’s securities regulator has barred eight individuals from market participation after uncovering insider trading valued at over ₹173 crore related to Indian Energy Exchange (IEX). The prohibited persons face long-term bans as Sebi strengthens enforcement. The action aims to restore market integrity and deter misuse of privileged information. Market participants view this as a warning and reinforcement of regulatory oversight in equity and energy markets. Impact may be sensed in energy‐sector stocks and peer cleanups.
neutral
16h ago

Rakuten weighs U.S. IPO for credit card arm amid strategic repositioning

Rakuten weighs U.S. IPO for credit card arm amid strategic repositioning
Rakuten is exploring a U.S. listing for its credit card division with the aim to unlock value and align with global fintech trends. Internal discussions include alternatives like stake sales to strategic investors. The credit card business handles over 30 million accounts and recently posted ~20% non-GAAP profit growth. If executed, the listing would parallel moves by peer SoftBank’s PayPay and reflect broader ambitions to globalize Japan’s fintech ecosystem.
positive
16h ago

India's rupee surges following aggressive RBI dollar sales

India's rupee surges following aggressive RBI dollar sales
The Indian rupee jumped to ~₹87.92 per U.S. dollar after the Reserve Bank of India intervened via state banks to sell dollars and counter bearish speculation. The move marked a shift from prior passive defense to active suppression of negative rupee bets. Traders unwound short positions, adding momentum to the rally. The shift comes amid dovish cues from global central banks, and is seen as a signal that RBI may defend stability more aggressively going forward.
positive
16h ago

Hyundai India names Tarun Garg as CEO along with $5.07B expansion plan

Hyundai India names Tarun Garg as CEO along with $5.07B expansion plan
Hyundai Motor India has selected Tarun Garg as its first Indian CEO, effective January 2026, replacing Unsoo Kim. In tandem, the company announced a ₹42,000 crore (~$5.07 billion) capital infusion through FY2030, with ~60% of funds directed to R&D and the rest toward capacity upgrades and product development. Management targets a 7% CAGR in domestic sales alongside 11–14% core margins. The decisions aim to solidify its long-term leadership in India’s automotive sector.
neutral
16h ago

U.S. seizes record $15B in bitcoin, charges Cambodian tycoon

U.S. seizes record $15B in bitcoin, charges Cambodian tycoon
U.S. authorities have seized approximately $15 billion in bitcoin tied to a global “pig butchering” fraud operation run by Cambodia’s Prince Group. The indictment charges Chen Zhi with wire fraud, money laundering, and involvement in forced labor camps used to run the scam. The seizure is among the largest crypto asset forfeitures in history, signaling rising enforcement pressure on cross-border crypto crime networks. Watch regulatory and legal fallout next. Source URL: https://www.apnews.com/article/dfd6833904cf539d680e381ad8d0eb6c
positive
16h ago

Global markets rebound on Fed dovish pivot and bank earnings

Global markets rebound on Fed dovish pivot and bank earnings
Global equities rallied midweek as dovish cues from the U.S. Fed reignited rate-cut expectations, while strong bank earnings reinforced investor confidence. Asian and Gulf markets surged on optimism, with financials and growth names leading. Currency markets reacted, pushing the dollar lower and boosting risk assets globally. The combined macro and earnings backdrop revived momentum after prior weakness. Watch moves in China, rates, and flow direction. Source URL: https://www.reuters.com/world/china/global-markets-wrapup-1-2025-10-15/
neutral
16h ago

China brings shipping battle to U.S. capital markets with port fee retaliation

China brings shipping battle to U.S. capital markets with port fee retaliation
Beijing has matched Washington’s port fees with retaliatory charges targeting vessels with substantial American ownership, linking maritime policy to equity markets. The move may affect global firms with U.S. holdings, including Chinese-listed companies and those trading U.S. ADRs. Analysts warn this could disrupt freight routes and trade flows, while sending shockwaves in financial markets. Markets may reassess valuation risks linked to geopolitical and regulatory spillovers. Source: Reuters Breakingviews :contentReference[oaicite:0]{index=0}
positive
20h ago

SoftBank-backed Mangata’s IPO flags renewed interest in NFT infrastructure

SoftBank-backed Mangata’s IPO flags renewed interest in NFT infrastructure
NFT infrastructure firm Mangata, backed by SoftBank and Sequoia, filed its IPO prospectus, targeting a raise of $200–250 million. The company provides modular NFT infrastructure stack and tokenization tools, aiming to capture institutional demand across emerging web3 use cases. Its filing highlights revenue growth of ~150% YoY, launch of marketplaces in Asia and Latin America, and plans to deepen integration with gaming studios and creators. Analysts say Mangata’s move reflects resurging investor appetite in web3 infrastructure and blockchain-native public listings.
positive
20h ago

Expert calls Indian SMEs ‘the real story’ for equity investors

Expert calls Indian SMEs ‘the real story’ for equity investors
Market strategist Madhusudan Kela argued that small and medium enterprises are at the heart of India’s future equity returns, asserting that gold may glitter, but equities—especially SMEs, NBFCs and niche manufacturing—offer sustainable wealth creation. He points to rising liquidity, policy tailwinds, AI adoption and improving earnings cycles that support long-term upside. Kela cautioned that selection is critical: investors should focus on SMEs with robust fundamentals, scalable business models, and governance structures rather than speculative names. Source: Economic Times
positive
20h ago

Ashish Kacholia picks SME contender V-Marc India with 1,350% gains over 3 years

Ashish Kacholia picks SME contender V-Marc India with 1,350% gains over 3 years
Renowned investor Ashish Kacholia acquired a ~2.71% stake in V-Marc India, a smallcap SME stock, citing its multibagger run. Over the past three years, the stock has delivered ~1,350% return. His interest revives focus on high-growth SMEs that outperform large caps. Analysts note these names carry higher risk but potential for outsized returns. Expect scrutiny around its business fundamentals, client continuity, and margin sustainability in coming quarters.
neutral
20h ago

SME IPO boom: Gujarat leads in listings during H1 FY 26

SME IPO boom: Gujarat leads in listings during H1 FY 26
In the first half of FY 26, Gujarat led the country with 31 SME IPO listings on BSE SME and NSE Emerge platforms, surpassing Maharashtra (28) and Delhi (20). Maharashtra, however, raised more — ~₹1,843 crore vs Gujarat’s ~₹1,206 crore. The rise reflects growing awareness of equity markets among SMEs. But experts warn of weak oversight and urge thorough due diligence by investors to avoid promoter misuse of SME platforms.
neutral
20h ago

Fossil India considers IPO that could raise ~$400 million

Fossil India considers IPO that could raise ~$400 million
Fossil India is reportedly evaluating an initial public offering that could raise up to $400 million, signaling the heritage watchmaker’s intent to expand manufacturing and brand reach. The plan comes amid renewed interest in Indian consumer goods and leveraging global supply chains. While the report is based on market sources and not yet fully verified, it reflects growing IPO activity momentum. The intended scale would make it among larger consumer IPOs in recent years.
positive
20h ago

Embassy Group pays ₹1,748 crore debt using IPO proceeds, strengthens balance sheet

Embassy Group pays ₹1,748 crore debt using IPO proceeds, strengthens balance sheet
Embassy Group repaid ₹1,748 crore of non-convertible debenture liabilities, using funds raised through its WeWork India IPO sale. The repayment bolsters its balance sheet and lowers interest burden, signaling prudent capital allocation. Analysts view this move as improving credit metrics and investor confidence ahead of future projects. The group’s leverage reduction may help stabilize valuations. Market watchers expect more such strategic debt moves from major real estate players.
mixed
20h ago

Eternal Q2 preview: Blinkit to drive 137% YoY revenue growth but profits may slump

Eternal Q2 preview: Blinkit to drive 137% YoY revenue growth but profits may slump
Eternal (parent to Blinkit) is projected to deliver ~137% YoY revenue growth in Q2, driven by bolstered grocery and quick commerce sales. However, analysts anticipate a steep PAT drop — up to 71% — due to rising marketing spends, rider incentives, and supply chain costs. EBITDA margins are expected to remain under pressure. The dual narrative of fast growth and profitability risk sets up a high-stakes earnings print. Investors will watch margin recovery and cost control.
positive
20h ago

Thyrocare shares surge after 82% YoY PAT jump in Q2

Thyrocare shares surge after 82% YoY PAT jump in Q2
Thyrocare Technologies posted a spectacular Q2 with profit after tax up 82% YoY, driving its shares ~16% higher to a fresh 52-week high. The strong performance was attributed to improved operational leverage, higher volume in diagnostics, and cost controls. Investors cheered the earnings surprise, pushing valuations upward. While revenue growth was healthy, analysts will now focus on margin sustainability and expansion into newer geographies to validate this strength.
positive
20h ago

India stock benchmarks rise ahead of US Fed cues and trade optimism

India stock benchmarks rise ahead of US Fed cues and trade optimism
Indian equities opened higher today, tracking broader Asia and bolstered by renewed hopes of a U.S. Fed rate cut. The Nifty 50 rose ~0.28%, and Sensex gained ~0.20%. Sector strength was broad, with 15 of 16 segments in the green and mid-caps outperforming. Gains were fueled by optimism around earnings and macro cues, even as U.S.-China trade tensions linger. Mode of capital flows and foreign investor interest to be key. Source: Reuters
neutral
20h ago

RBI intervenes aggressively to defend rupee amid weakness pressures

RBI intervenes aggressively to defend rupee amid weakness pressures
The Reserve Bank of India intervened in foreign exchange markets this morning, selling significant dollars via state banks to support the rupee. The currency, which opened at ~₹88.26 per USD, strengthened to ~₹87.75 following the intervention and consequent stop-loss triggering on dollar longs. Observers say the move signals a shift in RBI stance toward active defense against depreciation, rather than passive monitoring. No major external flows were detected. Source: Reuters
positive
20h ago

Coinbase invests in Indian exchange CoinDCX at $2.45 bn valuation

Coinbase invests in Indian exchange CoinDCX at $2.45 bn valuation
Coinbase Global announced today it is investing in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. The deal follows Coinbase’s earlier investment in 2022, and comes as CoinDCX reports annualized revenue of ~$141 million and $1.2 billion in assets under custody. The move signals Coinbase’s continued push into the Indian and South Asian market, pending regulatory approvals. Source: Reuters
neutral
20h ago

RBI liquidity boost falters due to FX intervention absorbing flow

RBI liquidity boost falters due to FX intervention absorbing flow
The Reserve Bank of India’s attempt to inject liquidity via a phased CRR cut has underperformed, with only ~₹1.25 trillion released out of the targeted ₹2.5 trillion. FX market interventions and forward contract maturities have largely absorbed the intended flow. Analysts warn the banking system may slip into deficit without fresh open market operations. The central bank’s intervention to support the rupee has muted its monetary easing impact. Source: Reuters
positive
20h ago

Google commits $15B to Visakhapatnam AI hub, Lenskart IPO plans accelerate

Google commits $15B to Visakhapatnam AI hub, Lenskart IPO plans accelerate
Google announced a $15 billion investment over five years to build its largest AI hub outside the U.S. in Visakhapatnam, Andhra Pradesh, with aimed gigawatt-scale compute and data center capacity. The hub is backed by Adani and Airtel. Meanwhile, Lenskart plans to add 450 stores and raise up to ₹8,000 crore via a potential IPO before November, valuing the company at $8–10 billion. These moves highlight India’s rising AI and startup momentum. Source: Times of India / Business Standard / ET Tech
positive
20h ago

Google, Adani & Airtel plan AI hub in Visakhapatnam, Lenskart IPO scoop emerges

Google, Adani & Airtel plan AI hub in Visakhapatnam, Lenskart IPO scoop emerges
In a major tech push, Google has joined forces with Adani and Bharti Airtel to build a large AI hub in Visakhapatnam, Andhra Pradesh. The infrastructure includes data centers, fiber links, and model labs. Concurrently, Lenskart is reportedly moving ahead with plans for an IPO, hinting at expansion in premium eyewear and optical retail. The moves reflect rising confidence in India’s tech and AI ecosystem.
neutral
23h ago

Reliance Industries Q2 preview: double-digit revenue growth driven by Jio and retail

Reliance Industries Q2 preview: double-digit revenue growth driven by Jio and retail
Reliance Industries is expected to report Q2 FY26 revenue growth of ~11% YoY to ₹2.57 lakh crore and EBITDA rise of ~14% to ₹44,400 crore. O2C margins remain steady while upstream EBITDA flat. Jio may deliver 3% QoQ EBITDA gain with 504 million subscribers and ARPU growth. Retail could post ~13% YoY sales growth. Petchem headwinds and gas pricing remain key risks. Consensus expects PAT around ₹19,200 crore. Source: Business Standard / ET Markets
positive
23h ago

LG India IPO lists 50% above issue price, valuation tops $13 billion

LG India IPO lists 50% above issue price, valuation tops $13 billion
LG Electronics India debuted on bourses with a 50% listing premium at ₹1,715 vs issue ₹1,140, pushing market capitalization above $13 billion — exceeding its South Korean parent. The ₹25,000 crore IPO saw robust demand across QIBs and retail segments. Analysts cite domestic consumption boom and PLI-linked manufacturing gains as drivers. It is India’s largest consumer electronics listing since 2008. Strong performance is expected to reignite momentum for upcoming consumer IPOs. Source: Reuters / Times of India
positive
23h ago

Canara HSBC Life IPO fully subscribed on final day driven by institutional demand

Canara HSBC Life IPO fully subscribed on final day driven by institutional demand
Canara HSBC Life Insurance’s ₹1,775 crore IPO was fully subscribed on its final day with over 178.9 million shares bid against 166.7 million on offer. Qualified institutional buyers subscribed 3.5×, while retail was 1.4×. The price band was ₹100-106 per share. Anchor investors committed ₹7,500 million earlier. The offer-for-sale structure will see no fresh capital inflow. Strong response reflects investor confidence in India’s growing insurance penetration theme and steady profit trajectory. Source: Reuters / Moneycontrol
positive
23h ago

Hyundai Motor India appoints Tarun Garg as CEO, unveils $5 billion investment plan

Hyundai Motor India appoints Tarun Garg as CEO, unveils $5 billion investment plan
Hyundai Motor India has named Tarun Garg as CEO effective January 2026 — its first Indian chief — replacing Unsoo Kim. The company simultaneously announced a $5.07 billion investment through 2030, focusing on EV manufacturing capacity, R&D, and component localization. The plan targets a 7% domestic sales CAGR and 11-14% core margins. Hyundai plans to launch six EV models and expand its Chennai and Talegaon plants. Analysts see the leadership shift as a strategic move to deepen India operations and fortify EV competitiveness. Source: Reuters / ET
negative
23h ago

Axis Bank Q2 profit plunges 26% YoY on higher provisions

Axis Bank Q2 profit plunges 26% YoY on higher provisions
Axis Bank reported a 26% year-on-year drop in Q2 FY26 net profit to ₹5,090 crore as provisions rose sharply to ₹3,547 crore. Net interest income grew only 2% YoY to ₹13,745 crore. Asset quality improved marginally with gross NPA at 1.46% vs 1.57% YoY. Management cited retail delinquencies and elevated credit costs. Despite stable loan growth, rising provisions weighed on profitability, leading to muted market sentiment and minor share price correction. Source: Reuters / Business Standard
neutral
23h ago

IRFC Q2 profit rises 10%, revenue declines 8%, dividend declared

IRFC Q2 profit rises 10%, revenue declines 8%, dividend declared
Indian Railway Finance Corporation (IRFC) posted a Q2 FY26 net profit of ₹1,777 crore, up ~10% year-on-year from ₹1,613 crore, despite revenue dropping ~8% to ₹6,372 crore. The sequential PAT growth was modest against ₹1,746 crore in Q1. IRFC declared an interim dividend of ₹1.05 per share. Interest income rose sharply, though lease income dipped. The mismatch underscores pressure on core operations while dividend signals confidence. Source: Economic Times
negative
23h ago

Axis Bank Q2 profit plunges 26% YoY on steep provisions

Axis Bank Q2 profit plunges 26% YoY on steep provisions
Axis Bank, India’s fourth largest private lender, saw its Q2 FY26 net profit slumping ~26% year-on-year to ₹5,090 crore, as provisioning for bad loans surged to ₹3,547 crore (up 61%). Net interest income rose just ~2% to ₹13,745 crore. The NPA ratio improved marginally to 1.46% from 1.57%, but provisions weighed heavily. The move signals stress in retail and microfinance segments. The bank’s shares fell ~0.6% amid cautious investor reaction. Source: Reuters
negative
23h ago

Tata Communications Q2 PAT down ~19%, revenue up 6.5% led by data services

Tata Communications Q2 PAT down ~19%, revenue up 6.5% led by data services
Tata Communications reported a Q2 FY26 profit after tax of ₹183.2 crore, down ~19% year-on-year from ₹227.3 crore, despite a revenue rise to ₹6,100 crore (+6.5%). The decline was due to margin compression amid cost pressures, even as its data business revenue grew ~7.3%. The company said data EBITDA margins improved sequentially. It plans to expand digital infrastructure and capitalize on data growth to restore profitability.
neutral
23h ago

Tech Mahindra Q2 sees revenue growth but profit slips 4.4%

Tech Mahindra Q2 sees revenue growth but profit slips 4.4%
Tech Mahindra posted Q2 FY26 revenue growth of 5.1% YoY to ₹13,995 crore, outperforming estimates aided by strength in banking and manufacturing verticals. However, net profit declined 4.44% to ₹1,194.5 crore year-on-year, impacted by currency headwinds and cost pressures. The company also announced an interim dividend. The combined performance reflects operational resilience in verticals despite macro headwinds and margin compression in key export markets. Source: Times of India / Reuters
positive
23h ago

ICICI Lombard Q2 PAT up 18%, interim dividend declared

ICICI Lombard Q2 PAT up 18%, interim dividend declared
ICICI Lombard General Insurance reported a consolidated net profit of ₹820 crore in Q2 FY26, up 18% year-on-year from ₹694 crore. Gross Direct Premium Income (GDPI) fell 1.9% YoY to ₹6,596 crore, though excluding crop and mass health segments, GDPI rose 3.5%. The board declared an interim dividend of ₹6.50 per share. The combined ratio increased to 105.1%, while ROAE stood at 21.4%, reflecting solid underwriting performance and capital ratios. Source: Moneycontrol / Business Standard
neutral
23h ago

Heritage Foods Q2 profit up 5% YoY; revenue grows 9% on steady demand

Heritage Foods Q2 profit up 5% YoY; revenue grows 9% on steady demand
Heritage Foods Ltd reported Q2 FY26 net profit of ₹50.99 crore, up 4.9% YoY from ₹48.63 crore and 25.8% sequentially, aided by an exceptional gain of ₹9.35 crore. Revenue rose 9.1% YoY to ₹1,112.52 crore but dipped 2.1% QoQ. Profit before tax excluding exceptional items stood at ₹58.4 crore. The company credited cost optimization and efficient milk procurement for improved profitability amid higher input costs. Source: LiveMint
positive
1 day ago

HDFC AMC Q2 profit jumps 25% YoY; board approves 1:1 bonus issue

HDFC AMC Q2 profit jumps 25% YoY; board approves 1:1 bonus issue
HDFC Asset Management Company reported a 24.6% year-on-year jump in Q2 FY26 net profit to ₹718.4 crore versus ₹576.4 crore last year. Revenue rose 15.8% YoY to ₹1,027.4 crore. The board approved a 1:1 bonus share issue, reflecting strong operational performance and continued leadership in the mutual fund industry. The company credited healthy inflows, stable margins, and effective cost management for the robust results. HDFC AMC continues to expand its equity asset base despite volatile markets. Source: Moneycontrol / Mint
positive
1 day ago

Hyundai Motor India names Tarun Garg CEO, unveils $5B investment

Hyundai Motor India names Tarun Garg CEO, unveils $5B investment
Hyundai Motor India appointed Tarun Garg as new CEO starting January 2026, becoming the first Indian to head local operations. He succeeds Unsoo Kim, who will shift to Hyundai’s South Korea HQ. Alongside, the company announced a $5.07 billion investment plan through 2030, with 60% allocated to R&D and the rest toward capacity expansion and product upgrades. Hyundai expects 7% CAGR in domestic sales and margins of 11–14%. Source: Reuters
positive
1 day ago

India Markets Open Up as Rate-Cut Speculation Drives Mood

India Markets Open Up as Rate-Cut Speculation Drives Mood
The Indian markets opened decisively higher, with Nifty rising ~0.28% and Sensex up ~0.20%. Positive momentum was broad based: 15 of 16 sectors in green, mid-cap and small-cap indices led the charge. Gains were spurred by renewed optimism that the U.S. Fed may cut rates, supported by dovish signals and weak U.S. labor metrics. IT names outperformed, while financials also joined rally. Some caution remains amid trade tensions and data gaps.
neutral
1 day ago

RBI Intervenes Heavily to Prop Up Rupee, Strengthens Above ₹88

RBI Intervenes Heavily to Prop Up Rupee, Strengthens Above ₹88
The Reserve Bank of India launched aggressive interventions before market open, selling dollars via state banks to support the rupee. The INR bounced from about ₹88.26 to ~₹87.75 against USD. Traders say many stop-losses on dollar longs were triggered, adding momentum to the move. No major external flows were behind it — this was a central bank action. Market interpreted it as a clear message to curb speculative USD bets.
negative
1 day ago

Unlisted IPO-bound names tumble ahead of listing wave

Unlisted IPO-bound names tumble ahead of listing wave
Several high-profile unlisted firms preparing for IPOs have seen sharp price corrections in the past fortnight. OYO, for instance, dropped nearly 48%, while firms like Groww, NSE, and HDFC Securities fell up to 7%, reflecting investor wariness about valuation stretch. Market participants cite tepid listing pipelines, weak secondary performance, and regulatory uncertainty as reasons. The pullback suggests caution is returning to the pre-IPO phase despite enthusiasm in primary markets.
positive
1 day ago

LG India IPO opens to strong demand with ₹50B bids

LG India IPO opens to strong demand with ₹50B bids
LG Electronics India’s IPO has attracted bids worth nearly ₹50,000 crore (~$6 billion) in its subscription phase, making it one of the most subscribed issues in recent years. The offering saw demand across institutional, retail, and high net worth investor categories, oversubscribing multiple times over. Market watchers say strong brand recall, favorable tax policy support, and solid consumer traction drove confidence in one of India’s largest appliance names listing.
positive
1 day ago

IMF raises India’s FY26 growth forecast despite tariff headwinds

IMF raises India’s FY26 growth forecast despite tariff headwinds
The International Monetary Fund has upgraded India’s growth forecast for fiscal year 2025–26 to 6.6% from 6.4%, citing resilient domestic demand that offset weaker export momentum due to higher U.S. tariffs. The upward revision comes even as global headwinds intensify, with the IMF warning that external demand and trade policies may weaken later. The new outlook reinforces confidence in India’s macro trajectory ahead of upcoming elections.
positive
1 day ago

India markets open higher as Fed cut hopes buoy sentiment

India markets open higher as Fed cut hopes buoy sentiment
Indian equity benchmarks opened higher this morning, with the Nifty 50 rising ~0.28% and Sensex up ~0.20%, following global cues and expectations of a U.S. Fed rate cut. Sector breadth was strong: 15 of 16 major sectors traded in the green, and mid- and small-cap indices gained. IT rallied on robust earnings. Ongoing U.S.–China trade concerns and delayed U.S. data releases kept investor caution intact.
positive
1 day ago

Multibagger Refrigerant IPO Posts 1,224% YoY Profit Surge in Q2

Multibagger Refrigerant IPO Posts 1,224% YoY Profit Surge in Q2
Stallion India Fluorochemicals (Refrigerant IPO) reported a remarkable 1,224.6% year-on-year jump in profit in Q2 FY26, driven by a ~55.6% rise in revenue to ₹105.76 crore. EBITDA surged 568.8% to ₹15.77 crore. The performance is the strongest since its listing and underscores its operational scalability. Analysts see it as a hallmark multibagger IPO, though valuation discipline will be closely watched in coming quarters.
neutral
1 day ago

IREDA Q2 Profit Soars 41.5%, Shares Dip on Booking

IREDA Q2 Profit Soars 41.5%, Shares Dip on Booking
Indian Renewable Energy Development Agency (IREDA) reported a 41.5% year-on-year increase in net profit for Q2 FY26. Despite robust operational metrics and record disbursements, its shares fell ~2.6% as investors booked gains. IREDA’s loan disbursements and collections also grew strongly, reaffirming its role in green finance. The market reaction underscores the tension between fundamentals and short-term profit taking.
positive
1 day ago

Bank of Maharashtra Q2 Profit Jumps 23%

Bank of Maharashtra Q2 Profit Jumps 23%
Bank of Maharashtra posted a 23% year-on-year increase in net profit for Q2 FY26, reaching ₹1,633 crore against ₹1,327 crore in the prior year. The boost came from higher net interest income and stable asset quality. The bank emphasized its continued focus on improving retail lending and reducing non-performing assets. Management said Q3 growth would depend on rural recovery and interest rate trajectory.
positive
1 day ago

Canara HSBC Life IPO Fully Subscribed on Final Day

Canara HSBC Life IPO Fully Subscribed on Final Day
The Canara HSBC Life Insurance IPO was fully subscribed on its last day, primarily led by institutional investors. The offer was priced in the ₹100–106 band, garnering bids worth ₹18.97 billion for 166.7 million shares—well above supply. Anchor investors had earlier picked up ₹7.5 b. The IPO was purely an offer-for-sale and did not raise fresh capital. Retail subscription lagged, at ~35%.
positive
1 day ago

LG India IPO Valuation Tops Parent in Blockbuster Debut

LG India IPO Valuation Tops Parent in Blockbuster Debut
LG Electronics India made a striking stock market debut as its shares surged ~53.4%, pushing its valuation to about **$13 billion**—exceeding its South Korean parent. The issue drew nearly **$50 billion** in bids, marking one of India’s most subscribed billion-dollar IPOs. The offering was entirely an offer-for-sale, with no fresh capital raised. Analysts attribute success to strong consumer demand, tax incentives, and IPO market momentum.
positive
1 day ago

Gold Rallies to Record High Near $4,200 as Fed Cut Bets Intensify

Gold Rallies to Record High Near $4,200 as Fed Cut Bets Intensify
Gold surged to a record high of approximately $4,200 per ounce, driven by renewed investor expectations of U.S. Federal Reserve rate cuts and intensifying U.S.-China trade concerns. Spot gold reached $4,186.68 before settling near $4,178.15, with futures gaining ~0.8%. Dovish signals from Fed Chair Powell and ongoing macro uncertainty boosted safe-haven demand. The rally underscores gold’s appeal as a hedge when inflation and geopolitical risks persist.
positive
1 day ago

Coinbase Invests in Indian Crypto Exchange CoinDCX at $2.45B Valuation

Coinbase Invests in Indian Crypto Exchange CoinDCX at $2.45B Valuation
Coinbase Global has invested in Indian crypto exchange CoinDCX, valuing it at $2.45 billion post-money. The deal expands Coinbase’s presence in South Asia and underscores institutional confidence in India’s digital asset space. CoinDCX in turn reports $141 million in recent annualized group revenue and $1.2 billion in assets under custody. Transaction is subject to regulatory approval and other closing conditions. This marks a major cross-border crypto investment.
neutral
1 day ago

MIT-educated crypto brothers face trial for $25M heist

MIT-educated crypto brothers face trial for $25M heist
Two MIT alumni, Anton Peraire-Bueno (25) and James Peraire-Bueno (29), stand trial in Manhattan over an alleged $25 million Ethereum theft executed in just 12 seconds. Prosecutors contend they engineered the hack, manipulated victim trading behavior, and laundered the proceeds using shell companies and exchanges. Defense argues no fraud occurred. Opening statements have begun, with both sides preparing technical blockchain evidence before a jury of finance and science professionals.
negative
1 day ago

U.S. seizes $14B+ in bitcoin, charges Cambodian executive

U.S. seizes $14B+ in bitcoin, charges Cambodian executive
U.S. authorities announced the seizure of over $14 billion in bitcoin tied to a massive crypto fraud operation linked to Cambodian firm Prince Holding. The DOJ indicted chairman Chen Zhi for alleged wire fraud, money laundering, and operating investment scam networks. Sanctions were simultaneously imposed on 146 entities. The scheme involved coercion and use of trafficked individuals across multiple countries. The move marks one of the largest crypto asset forfeitures to date.
positive
1 day ago

Asia shares recover as Fed cut hopes reignite

Asia shares recover as Fed cut hopes reignite
Asian stocks gained modestly on Wednesday after dovish signals from Fed Chair Powell rekindled investor optimism. The MSCI Asia ex-Japan index rose, with Japanese and Korean markets among leaders. Markets are now pricing in about two 25 bps cuts by year-end as balance sheet runoff may end sooner than expected. Traders remain cautious given ongoing U.S.-China tensions and data gaps caused by government shutdowns.
positive
1 day ago

Gold & Silver ETFs Capture 71.9% of India’s Passive Inflows in September

Gold & Silver ETFs Capture 71.9% of India’s Passive Inflows in September
In September 2025, gold and silver exchange traded funds accounted for 71.9 % of total passive fund inflows in India, attracting ₹19,057 crore out of total passive flows. The surge signals investor preference for safe-haven metal exposure amid market volatility. According to AMFI, the passive fund AUM now stands at ₹12.99 lakh crore. The trend underscores a rotation from equities to commodity-backed instruments.
positive
1 day ago

Goldman Sachs to acquire Industry Ventures in $965M deal

Goldman Sachs to acquire Industry Ventures in $965M deal
Goldman Sachs announced plans to acquire Industry Ventures for up to $965 million, expanding its presence in late-stage venture and secondary markets. The acquisition strengthens Goldman’s private equity and startup investment portfolio, offering clients enhanced access to growth-stage tech exposure. The deal, expected to close in early 2026, will integrate Industry Ventures’ management team into Goldman’s asset management division.
positive
1 day ago

India eyes $5 billion in IPOs this month amid listing surge

India eyes $5 billion in IPOs this month amid listing surge
India’s IPO market is expected to raise about $5 billion in October 2025, fueled by offerings from Tata Capital, Ola Electric, and LG Electronics India. Strong domestic retail participation and moderating volatility are drawing issuers back to the market, with bankers projecting record subscription levels across multiple sectors.
neutral
1 day ago

Russia remains top oil supplier for India despite 10% import dip

Russia remains top oil supplier for India despite 10% import dip
India’s crude oil imports fell 10% in the first eight months of 2025, yet Russia retained its position as the largest supplier with a 34% share. Kpler data shows continued reliance on discounted Urals crude, though imports from Iraq and Saudi Arabia rebounded slightly. Analysts expect elevated Russian inflows through year-end.
positive
1 day ago

India’s smartphone exports jump 60% in H1 FY26

India’s smartphone exports jump 60% in H1 FY26
India’s smartphone exports surged 60% year-on-year in the first half of FY26 to $13.5 billion, driven by Apple and Samsung shipments. Government PLI incentives and rising foreign manufacturing partnerships contributed significantly. September alone saw a 95% increase to $1.8 billion, cementing India’s position as a top global production hub.
positive
1 day ago

IMF lifts India’s FY26 growth forecast to 6.6%

IMF lifts India’s FY26 growth forecast to 6.6%
The International Monetary Fund revised India’s fiscal 2025–26 growth forecast upward to 6.6% from 6.4%, citing strong domestic demand and sustained government capex. The IMF noted resilience in consumption and private investment despite weaker exports, while inflation pressures remain manageable under the RBI’s policy framework.
neutral
1 day ago

Indian equities slip as financials drag, LG debut surges

Indian equities slip as financials drag, LG debut surges
Indian indices reversed early gains as financial and auto stocks weakened, offsetting LG Electronics India's strong market debut. The Nifty 50 fell 0.3% and the Sensex lost 0.25%, while small- and mid-cap indices dropped 0.7%. Broader sentiment turned cautious following weak FPI inflows despite resilient domestic participation.
positive
1 day ago

Indian markets open higher on Fed rate cut hopes

Indian markets open higher on Fed rate cut hopes
Indian shares opened higher following gains in broader Asian markets and rising expectations of a U.S. Fed rate cut this month. The Nifty 50 rose around 0.14%, while the BSE Sensex gained roughly 0.2% as most sectors showed upside momentum. Investors remain optimistic, particularly with 15 of 16 major sectors advancing.