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Fewer festive bargains for smartphone buyers as memory chip costs soar
The current prices are a sharp departure from the steep festive discounts Indian smartphone buyers had come to expect until last year.
IDBI Bank deal signals shift in India's banking ownership landscape
The IDBI stake sale comes after hectic dealmaking, with potential buyers such as Dubai-based Emirates NBD also in the fray. In a transaction that was run by DIPAM, along with KPMG India, Fairfax Financial Holdings emerged as the highest bidder.
Facing steep expense cuts under proposed Irdai caps, insurers seek gentler glide path
Draft rules requiring general insurers to trim expense of management (EoM) ratios by up to 13.6 percentage points and life insurers by 10.9 points by FY29 are prompting calls for a phased transition.
Festive hiring to rise 10-15% despite consumption woes, bonuses may shrink
Weak consumption, inflation, and pricier gadgets cloud hopes for sales. Flipkart and Amazon are expanding seasonal roles, but abundant labour and soft demand may keep bonuses largely flat.
Monsoon deficit raises risk of lower Rabi crop acreage
Farmers are likely to decrease rabi sowing due to inadequate rainfall and reduced soil moisture levels. This situation could lead to lower yields of critical crops such as wheat, pulses, and oilseeds. Many reservoirs are under pressure, with over half storing less than last year. State and central governments are encouraging farmers to choose crops based on water availability, especially in water-scarce regions.
LIVE | 'We have to win big': Trump takes Arizona stage for GOP rally as Midterm battle intensifies
BlackRock, SBI MF lead Tonbo Imagings Rs 255 crore anchor round ahead of IPO
Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, allotting shares at the upper price-band limit of Rs 700. The entirely offer-for-sale issue will open on October 15 and close on October 19.
Kelly Clarkson and a Brooklyn store clashed on social media. Behind it, power dynamics loomed
Kelly Clarkson and a Brooklyn store clashed on social media. Behind it, power dynamics loomed
Around 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank credentials and vulnerabilities in payment APIs to siphon off funds. Following the attacks, CERT-In issued an advisory urging banks, NBFCs and fintech firms to suspend compromised interfaces, strengthen transaction safeguards and tighten customer verification.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.
Fairfax's IDBI deal premium justified by strategic fit, scale: Analysts
Analysts believe this acquisition holds considerable potential, greatly enhancing Fairfax's branch network and deposit portfolio in India, paving the way for a diversified financial ecosystem.
DP World bidding for all assets on offer: CEO Yuvraj Narayan amid West Asia conflict
DP World is increasing its focus on the Indian port sector to explore new opportunities. The company plans to expand its capacity at Tuna Tekra and aims to renew concessions in Mumbai and Mundra. Significant disruptions in West Asia have heightened global supply chain costs and influenced capacity planning within logistics. As companies shift away from just-in-time supply chains, larger inventories are now prioritized for resilience.
Fairfax offers plan to resolve IDBI-CSB ownership overlapping
A merger of the two lenders is emerging as the most likely option, potentially allowing the Canadian investor to consolidate its banking interests under a single licence, sources said.
Former portfolio manager sues Fidelity after leaving for Michael Dells family office
USA-STOCKS/SUIT:Former portfolio manager sues Fidelity after leaving for Michael Dell's family office
Goldman Sachs Leads Rivals in Third-Quarter Share Sale Revenue
Goldman Sachs Group Inc. topped its four biggest US equity underwriting rivals in the third quarter, with only Morgan Stanley reporting a decline in fees compared to last year.
Axis Max Life partners with Tata Digital Group Company to make life insurance more accessible
New Delhi [India], October 14: Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited (Axis Max Life / Company), has partnered with Tata Fintech, a subsidiary of Tata Digital, to expand the portfolio of life insurance solutions on Tata Neu, India's omnichannel loyalty and financial services app.
Hyundai plans 4,000 crore investment in Maharashtra, aims to double Pune plant capacity by 2030
Hyundai Motor India will invest an additional 4,000 crore in Maharashtra by 2030, gradually expanding its Pune plants annual capacity from 1.7 lakh to 3.2 lakh vehicles.
HDB Financial Services sees 34% profit jump to 780 crore in Q2FY27
Non-banking financial company HDB Financial Services on Wednesday reported a 34.2 per cent surge in profit after tax to Rs 780 crore in the September quarter of FY27 driven by higher loan demand and lower provisions. The financial services entity had earned a PAT of Rs 581 crore in the year-ago period. Its net interest income rose 15.6 per cent to Rs 2,534 crore in the July-September quarter of FY27, up from Rs 2,192 crore in the corresponding quarter of the previous fiscal year, the firm said in a stock exchange filing. HDB Financial Services' total income rose 12 per cent to Rs 3,188 crore for the quarter under review from Rs 2,851 crore in the year-ago period. Loan losses and provisions declined by 2.5 per cent to Rs 730 crore for the quarter ended September 30, 2026 compared to Rs 748 crore recorded in the same quarter last year. The company registered a 12 per cent growth in gross loan book to Rs 1.24 lakh crore during the quarter under review compared with Rs 1.12 lakh crore
Kumar Mangalam Birla plans to invest up to $30 billion across the Aditya Birla Groups businesses over next two to three years, adding about increased spending in the United States. The Aditya Birla Group has operations in 41 countries, reported revenue of $72 billion in financial year ended March.
Govt proposes BS-VII emission norms from April 2029; adds brake, tyre, battery-durability rules
India currently follows Bharat Stage VI standards, introduced nationwide in April 2020, which significantly tightened vehicle-emission requirements and brought the country closer to international regulatory practices
India's Ministry of External Affairs has reiterated its call for stability in global energy markets. Concerns were communicated to the US regarding the Sanctioning Russia and Iran Act of 2026. The legislation allows the US to impose tariffs on nations purchasing Russian energy under specific conditions. Additionally, the US announced a significant diesel deal with Russia, which could impact global energy dynamics.
Tata Play takes its channel bundle beyond the set-top box
Tata Play has launched Tata Play Smart with over 500 television channels as smart television moves beyond urban homes.
Getty Images on Monday said that it has reached an agreement with major lenders to restructure its debt. As of June 30, the company has reported a total debt of $2.1 billion.
Zetwerk Manufacturing Businesses raised Rs 2,251 crore from 99 anchor investors, including BlackRock, Goldman Sachs and Nomura, ahead of its IPO opening on October 15. The Rs 5,012 crore issue, priced at Rs 143151 per share, comprises a fresh issue and an offer for sale. Subscription closes on October 19.
US bank earnings: How did Morgan Stanley and Bank of America perform in Q3?
Equity trading boosts Morgan Stanleys Q3 earnings, while Bank of Americas revenues were hit by $1.2 billion regulatory penalties
IDBI officers forum opposes majority stake sale to Fairfax, demands review
IDBI employees have demanded the deal process be suspended immediately.
Jio IPO sparks investor buzz: GMP hits 20% as Reliances telecom arm announces price band, dates
Jio Platforms IPO grey market premium climbed to Rs 220 after the company filed its red herring prospectus (RHP) on Wednesday. The GMP implies a nearly 20% premium over the upper price band of Rs 1,119. The Rs 30,213 crore IPO, opening on October 21 and closing on October 23, is set to surpass Hyundai Motor Indias 2024 offering to become Indias largest-ever public issue.
Jio IPO: 5 strengths that put the Reliance-backed digital giant in spotlight
Reliance Jio Platforms has highlighted five key strengths in its RHP ahead of its Rs 30,213 crore IPO, including strong revenue growth, profitability, a vast customer base, extensive network infrastructure and proprietary technology. The company also sees growth opportunities in fixed broadband, AI-led services, digital subscriptions and overseas technology monetisation.
Cabinet approves 52,878-crore sale of 60.72% stake in IDBI Bank to Fairfax
The deal would be the largest foreign direct investment in Indias financial sector to date, Finance minister Nirmala Sitharaman said after the Cabinet Committee on Economic Affairs meeting on Wednesday.
Sebi confirms interim curbs on Rajesh Exports, says financial disclosure concerns remain unresolved
Sebi has confirmed interim restrictions on Rajesh Exports and promoter Rajesh Mehta, citing unresolved concerns over financial disclosures, possible misrepresentation and the routing of company funds through personal accounts. The regulator said gaps in consolidated revenue disclosures and missing supporting records remain, while directing the company to maintain accurate financial and related-party disclosures.
Accenture lays out three-year plan to approach $100 billion revenue despite macro drag
CEO Julie Sweet said the company plans to harness tech modernization, mid-market expansion, and an $8-billion M&A budget to drive long-term growth.
Paramotor Digital Technology has filed updated draft IPO papers with Sebi for a Rs 1,000 crore issue, comprising a fresh issue of Rs 698 crore and an offer for sale of Rs 302 crore. The fintech company plans to use the proceeds primarily for customer acquisition, technology development and business expansion.
Tata Trusts row: Noel, son Neville Tata move Mumbai courts with caveats
Tata Trusts chairman Noel Tata and his son Neville have filed caveats in city courts in the row surrounding Venu Srinivasan and Vijay Singh, sources said on Wednesday. The caveats filed in the Bombay High Court and also in the Mumbai City Civil Court will ensure that they are heard before the passing of any orders. Both the father and son moved the courts with their caveats on October 7, as per official records. Srinivasan and Singh had filed complaints against Noel and Neville Tata with the Maharahstra Charity Commissioner, alleging governance lapses and irregularities at some of the Tata Trusts. Noel and Neville had earlier filed similar caveats at the charity commissioner's office, according to reports. The caveat in the Bombay High Court has Noel as the caveator, while Srinivasan has been named as the caveatee. Singh has been included as an extra party caveatee along with lawyer Darius Khambata and Tata group veteran Bhaskar Bhat. Noel Tata features as the caveator in the move
Biocon gets launch clarity for breast cancer biosimilar after Genentech deal
The company is targeting the first quarter of 2027 for launches in the European Union and the UK, followed by the US in the third quarter of 2028
HDB Financial Q2 profit climbs 34%, NIM improves year on year, eyes stronger disbursements in H2
HDB Financial Services reported a 34% year-on-year increase in Q2FY27 net profit to Rs 780 crore, supported by higher net interest income, loan growth and lower credit costs. The lender expects festive demand and stronger disbursements to drive growth in the second half and declared an interim dividend of Rs 2 per share.
Groww Q2 profit rises 54% to 725 crore as revenue mix diversifies
Groww has been working to reduce its dependence on equity derivatives by expanding its presence across other business segments, including commodities trading and its margin trading facility (MTF)
Scimplify raises $25 million in a strategic funding round led by Hitachi Ventures
Scimplify will build physical processing capabilities in the US while simultaneously qualifying American manufacturing partners that can support technology transfer, pilot and validation batches
Toyota Kirloskar expects better sales to continue till Q1 next year
The additional capacity, which was expected to come up this year, will be at an upcoming third plant in Bidadi. It will have an annual capacity of one-lakh units for different models, including Innova HyCross
Hyundai eyes number 2 spot again with Pune expansion, capacity boost and new models
Of the total investment, around 20% each ($3.1 billion) will be allocated to new technologies, including artificial intelligence and startups, and to research and development
The Cabinet Committee approves Canadian billionaire Prem Watsa-led firm's bid; deal requires RBI and other regulatory clearances.
Accenture bets on AI, targets mid-single-digit growth for next two years
Accenture aims for mid-single-digit revenue growth in constant currency in FY27 and FY28, followed by faster growth from FY29, as AI services help offset revenue pressure
Reliance Consumer Products launched flavoured milk, Joyland, available in three variants, vanilla, strawberry and pistachio, in Tamil Nadu. It marks their entry into the ready-to-drink dairy beverage sector after the soft-drink market.
Delhi Half Marathon revises route, shifts Open 10K start to JLN Stadium
The organisers of the Vedanta Delhi Half Marathon have announced changes to the race routes for safety reasons. The starting point of the Open 10K will now be Jawaharlal Nehru Stadium instead of Sansad Marg. Minor adjustments have also been made to the half-marathon route due to recent protests. The organisers are preparing to share further details with participants regarding race-day arrangements.
Infantino to chair FIFA Council meeting as critics push to oust him
Gianni Infantino will chair the FIFA Council meeting that is set to address his controversial leadership. Discussions will include financial proposals and disciplinary issues affecting FIFA's operations and reputation. As the presidential election approaches, Infantino faces significant challenges from European and North American critics. FIFA plans to distribute additional funds to member federations to counter opposition claims.
A recently identified dinosaur species named Invictibellatrix amberina was discovered on the Isle of Wight. The discovery marks the first evidence of megaraptorans in Europe, dated to about 120 million years ago. The dinosaur is believed to have hunted small prey and measured three to four metres in length. Researchers used CT scans to confirm its unique anatomical features and identify it as a new species.
Modi govts 13 strategic disinvestments in 10 years
The Modi government is set to sell a 60.72% stake in IDBI Bank for 52,878 crore. This sale will surpass previous disinvestment efforts, making it the largest to date. Notably, the government has executed 13 strategic disinvestments over the last decade. Previous notable disinvestments include Air India and multiple power sector companies. These actions highlight the ongoing commitment to privatization and fiscal consolidation.
IDBI Bank sale: Govt releases FAQs on Fairfax deal, board exit and valuation
IDBI Bank Ltd's 60.72% of total shareholding is being sold through the transaction, comprising 30.48% stake held by the Government of India and 30.24% stake held by LIC.
Donald Trump approval ratings in some states were sliding to negative from the positive that is recorder earlier in 2026. Republicans are retreating from a handful of battleground U.S. House races, while Democrats are racing to raise money to boost candidates who seemed like long shots earlier this year.
Haier India targets 40% festival growth, bets on premium appliances with new launches
Haier Appliances India is banking on premium products, strong regional demand and attractive financing schemes to drive sales during the festival season
Kamala Harris is embarking on a campaign tour to support Democratic nominees in key states. She will visit Nevada, Mississippi, New Hampshire, Wisconsin, and Georgia from October 21 to 30. Harris's tour highlights various historic candidates, including potential first Black governors and senators. In Georgia, she will participate in events aimed at voter protection and engage with progressive activists.
Hyundai aims to regain No. 2 spot in India by 2028-29, says global CEO
Hyundai plans to regain its No. 2 position in India by 2028-29 through Pune plant expansion, 26 new models and investments in electric vehicles and greater localisation
Canada aims to seal India trade pact by year-end amid push to diversify ties
Canada aims to finalize a Comprehensive Economic Partnership Agreement with India by the end of this year. Foreign Minister Anita Anand emphasized the need for diversifying trade partnerships beyond reliance on the United States. Indian trade negotiators recently visited Canada as both nations work to strengthen economic ties. A significant uranium supply agreement between Cameco and India illustrates growing cooperation between the two countries.
Fairfax will acquire a majority stake in IDBI Bank after Cabinet approval, sparking concerns about job security and staff welfare. Here's what the government said in response.
CSB Bank merger with IDBI Bank likely after Fairfax deal
Fairfax will either have to sell its 40% stake in CSB Bank or merge it with IDBI Bank, as RBI regulations do not allow an entity to own two banks.
Rewin Health launches platform to train differently abled people in everyday skills
The platform combines virtual reality with personalised AI software to help individuals with autism, ADHD, ODD and other learning disabilities build skills for everyday life
Akash, Isha Ambani's birthday to mark close of Reliance Jio's mega IPO
Akash and Isha Ambanis birthday on October 23 coincides with the closing day of Reliance Jios Rs 30,000 crore IPO. The listing marks a milestone for the telecom and digital business, which the twins have helped shape since its early years, as Jio prepares to enter Indias public markets.
The EDs Headquarter Investigation Unit carried out seizure under Section 37A of the FEMA
Jio IPO to open on October 21: 10 things to know about the Rs 30,000 crore mega issue
Jio Platforms will open its Rs 30,000 crore IPO for subscription on October 21, with anchor investor bidding scheduled for October 19. The issue could become Indias largest-ever public offering, surpassing Hyundai Motor Indias record IPO. Here are 10 key details on issue size, dates, shareholder quota, financials and valuation.
Govt. to roll out National Electricity Data Sharing framework in October: Power Secretary
Power Secretary Pankaj Agarwal added that a data governance committee would also be set up at the national level which would be headed by Chairperson of the Central Electricity Authority.
Netflix layoffs: 1,000 jobs to go as streaming giant expands into ads, live sports and gaming
Netflix layoffs: Netflix is reportedly planning to cut about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022. The reported cuts come as the streaming company expands into advertising, live programming and gaming amid intensifying competition for viewers.
Canara Bank Q2 profit rises 8% YoY to Rs 5,175 crore
Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, supported by higher net interest income and improved asset quality. Net interest income grew 20.4% to Rs 11,005 crore, while lower provisions helped earnings. Global advances rose 19.5%, outpacing deposit growth.
HPL subsidiary Adperma inaugurates 6000-crore phenol and acetone plant in Haldia
With an annual capacity of 345,000 tonnes of phenol and 215,000 tonnes of acetone, the facility is the largest of its kind in India
Zydus manufacturing plant gets 5 U.S. FDA observations
JLR India bullish on higher growth, driven by rising consumer aspirations, electrification
After inaugurating a retail showroom in Chennai, JLR India is also working toward setting up one in Madurai
BoB shares fall 3.5% after B R Shetty files $15 billion suit against bank
Bank of Baroda said it had not been served with B R Shetty's $15 billion suit and would defend itself firmly, adding that the allegations remained untested in court
Kumar Mangalam Birla plans $30 billion push undeterred by crises
Kumar Mangalam Birla announced plans to invest $30 billion over the next two to three years. This investment will target businesses both in India and internationally, reflecting the group's global operations. The Aditya Birla Group will allocate $5 billion for a new aluminum recycling plant in Alabama. Birla acknowledged that geopolitical issues complicate investment decisions and have changed strategies.
Sparx taps into youth culture with Tamannaah and Lakshya for new 'Greatest of Today' campaign
New Delhi [India], October 14: For a generation that is constantly creating, exploring, experimenting, and expressing itself, waiting for the perfect moment is increasingly becoming a thing of the past. Sparx, one of India's most popular footwear brands, is turning this cultural shift into its newest brand platform, 'Greatest of Today' (G.O.T.), a campaign designed to strengthen the brand's relevance among young, style-conscious consumers, featuring Tamannaah and Lakshya as brand ambassadors. At the heart of the campaign is Sparx's latest range of sneakers and versatile sports shoes, created to complement the different ways young consumers move through their everyday lives.
Diwali offer for RIL shareholders! Reliance Jio sets aside Rs 2,500 crore shares in IPO reservation
Jio Platforms has filed its red herring prospectus (RHP) for an IPO of up to 27 crore equity shares, setting the stage for what could be Indias largest-ever public issue. Anchor investor bidding will begin on October 19, 2026, followed by the public issue opening on October 21
Emirates cites infrastructure, flying-rights hurdles at Navi Mumbai, seeks more India flying rights
Emirates said Navi Mumbai needs supporting facilities to attract international carriers, while its India expansion remains constrained by bilateral flying rights.
The Union Cabinet approved Fairfax's acquisition of a 60.72% controlling stake in IDBI Bank for 52,878 crore. The deal would reduce the governments and LICs stake in the lender. Here's how the restructuring process unfolded over a period of nine years.
Netflix to cut 1,000 jobs in biggest layoff round since 2022
The streaming giant will largely reduce headcount across product, technology, legal and human-resources teams, according to a media report.
Emirates to stay at Mumbai airport this winter; says Navi Mumbai not ready for shift
Airline flags supporting infrastructure needs as MIAL defers proposed cut in international flights
Aegis Logistics to acquire 89.8% stake in Dubai-based Tristar for 7700 crore
The acquisition will be undertaken through Aegis Logistics International Pte Ltd, the companys wholly owned step-down subsidiary
Pune (Maharashtra) [India], October 14: FITTR, a technology-enabled preventive-healthcare company, today announced its collaboration with PRA Group's Sendh Lake City to spread fitness, preventive healthcare and healthier everyday living across the community. The announcement was made at the launch of the project, which was attended by Rohit Chattopadhyay, Co-Founder and Director, FITTR.
Reliance Jio files RHP, announces IPO dates for India's biggest listing
Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be Indias biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
Bajaj Consumer Care Q2 Results: Profit jumps 66% YoY to Rs 70 crore, revenue rises 25%
Bajaj Consumer Care reported a 66% year-on-year rise in Q2FY27 net profit to Rs 70.2 crore, while operating income grew 25.4% to Rs 332.8 crore. EBITDA surged 71% to Rs 83.3 crore. Domestic business revenue grew over 30%, and the companys shares have rallied 96.42% in 2026 so far.
Tata Trusts row: Noel, son Neville Tata move Bombay HC and Mumbai civil court with caveats
Both the father and son moved the courts with their caveats on October 7, as per official records
B2B manufacturing startup Scimplify raises $25 mn led by Hitachi Ventures
The fresh capital will be used to expand Scimplifys research laboratories, deepen its presence in US and Europe, and strengthen its in-house AI platform SciNode.
Hotel Leelas net profit grows 27% to 94.6 crore
The hotel chain said the increase in room rates was supported by strong demand across segments and suite occupancy rose by 700 basis points
When Shakti Has No Name, But Leaves a Legacy
New Delhi [India], October 14: This Navratri, Khattri Aromas' #NaamKyaHai initiative turns the spotlight on women whose quiet strength shapes families, communities and generations, raising a question that deserves to be asked far beyond the festive season.
Toyota Kirloskar to ramp up Bidadi production from early 2027, add 1 lakh units of capacity
The expansion will complement the automakers existing Karnataka operations and a separate Maharashtra facility planned for completion in 2029.
Gopalan Aerospace invests $40 million in Hoskote facility, targets 50% annual growth
The launch took place in the presence of Karel Havlek, Deputy Prime Minister and Minister of Industry and Trade of the Czech Republic, and C. Prabhakar, Director of Gopalan Enterprises
Stocks Sena launches free stock research platform, raises USD 232,000 at USD 2.32 million valuation
Stocks Sena, a venture co-founded by Krishna Singhal and Pushan Jain, has unveiled an innovative research platform aimed at empowering Indian investors. This website equips users with financial data and stock screening capabilities, granting access to primary-source company disclosures without any subscription fees. Notably, AI tools are designed to simplify complex earnings calls, enhancing comprehension of key financial insights.
IDBI Bank-Fairfax deal: Government to retain 15% stake, LIC to hold 19%
The government will retain a 15% equity stake in IDBI Bank and Life Insurance Corporation will hold 19%. Both the government and LIC will withdraw their nominees from the bank's board and become public shareholders. The Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism for minority stake sales of the government's holdings. LIC will manage its residual shareholding as per internal procedures and regulatory compliance.
Dynamatic Technologies among 7 stocks hitting 52-week highs; rally up to 32% in a month
Seven BSE 1000 stocks touched fresh 52-week highs despite the Sensex closing lower on Wednesday. West Coast Paper Mills led the list with a 32% monthly gain, followed by Dynamatic Technologies, Cyient DLM and Aditya Infotech.
Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore
The 60.72 per cent stake being acquired by Fairfax will comprise a 30.48 per cent holding of the government and a 30.24 per cent stake held by the Life Insurance Corporation of India (LIC).
Sebi proposes market cap-based SME IPO norms, seeks public comments on regulatory overhaul
Sebi has proposed a sweeping overhaul of SME IPO regulations, including market capitalisation-based eligibility thresholds, higher profitability requirements, lower minimum application values and changes to allotment norms. The proposals also cover underwriting, market making, lock-in periods and migration to the main board. Public comments are invited until November 4, 2026.
Jio IPO puts its ambitions beyond telecom to the test
Jio transformed Indias telecom market with cheap data. Now, as it seeks a $115 billion valuation, can its AI, digital services and satellite ambitions deliver the next wave of growth?
Indian equities closed lower on Wednesday as investors booked profits ahead of key US inflation data. The Nifty 50 fell 0.44% to 22,623, while the Sensex declined 0.34% to 72,782. Nestle India and Infosys led Nifty gainers, while Shriram Finance and HDFC Life topped the losers list.
This brings to a close a process that has stretched over five years, marking a significant step in the government's efforts to reduce its ownership of state-run assets and attract private capital into the financial sector.
