The proposed IPO will consist of a combination of a Fresh Issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 100 crore in equity shares
India Business News: MUMBAI: Some auto and ancillary stocks saw strong selling on Thursday after the US imposed a 25% import tariff on these products, effective May 2025.
A mutual fund registered with SEBI regulations can set up an SIF, provided it has been operational for at least three years and has maintained an average assets under management (AUM) of Rs 10,000 crore over the past three years, or by following the alternate route.
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts.
Repo rate is the interest rate at which the RBI lends money to commercial banks.
Motilal Oswal Mutual Fund has revised the benchmark of Motilal Oswal Ultra Short-Term Fund to the CRISIL Ultra Short Duration Debt A-I Index. Zerodha Mutual Fund has made adjustments to the minimum investment and Systematic Investment Plan (SIP) amounts for their Zerodha Gold ETF Fund of Fund (FOF).
Union Budget:India's fiscal deficit reduced from a record 9.2% of GDP in fiscal 2021 to 5.6% last fiscal. The government aims for further reduction, but ongoing economic challenges necessitate a balanced approach. Sustained tax revenue growth and strategic fiscal spending are crucial for achieving fiscal consolidation without compromising growth.
India will see a five-fold growth in green investments to Rs 31 lakh crore between 2025 and 2030; renewable to lead followed by automotive and oil & gas, says Crisil
Indian stocks fell on Monday, reflecting a global sell-off, driven by a strong U.S. jobs report, rising bond yields, and concerns over domestic earnings and valuations. Sensex dropped 1.36%, and Nifty lost 1.47%.
In India, domestic financial conditions improved marginally on-month in December. The CRISIL Financial Conditions Index (FCI), an indicator capturing parameters from India’s major financial market segments, rose to 0.5 from 0.4 in November.
Indian markets surged on Thursday, with Sensex climbing 1,436 points to 79,943.71 and Nifty rising 445 points to 24,188.65, driven by financial, auto, and IT stocks ahead of the upcoming earnings season.
The Indian market began 2025 positively, with Sensex gaining 368 points and Nifty up 0.4%, led by financial services. Broad-based recovery hinges on Q3 earnings growth and government capex. Core sector data boosted auto, power, and industrial stocks.
The Indian market closed 2024 with an 8% annual return, marking the ninth consecutive winning year. On the year's final trading day, Sensex dropped 109 points, and Nifty ended flat amid foreign fund outflows and IT sector weakness.