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ICICI Bank's 'Baa3' rating reaffirmed by Moody's on strong financials
The reaffirmation, according to the Moody's, reflects the bank's robust financial position, which is underpinned by a diversified loan portfolio and above-industry-average profitability.
Aequs IPO: Co raises Rs 414 cr from 33 anchor investors including Mukul Agrawal-backed Sanshi
Aequs Limited, a precision engineering powerhouse, has successfully raised Rs 414 crore from 33 prominent anchor investors ahead of its anticipated IPO on December 3. High-profile backers such as Blackrock and Sanshi have jumped on board, adding to the excitement. The IPO will wrap up on December 5, with Aequs making its market debut on December 10.
Meesho has successfully garnered Rs 2,440 crore from 125 anchor investors ahead of its IPO debut. Shares have been priced at Rs 111 each. The highly anticipated IPO kicks off on December 3 and wraps up on December 5. Analysts are optimistic about the vast opportunities within India's burgeoning e-commerce sector, with trading set to commence on December 10.
Vidya Wires raises Rs 90 crore from anchor investors
Vidya Wires has successfully raised Rs 90 crore from anchor investors ahead of its IPO, which opens for public subscription from December 3-5. The company's public offering includes a fresh issue of Rs 274 crore and an Offer For Sale of Rs 26 crore. Proceeds will fund capital expenditure, debt payment, and general corporate purposes.
Discoms eye solar plus storage solutions, says minister Pralhad Joshi
Despite 67.5 GW bid out since April 2023, delays in signing power purchase and sale agreements threaten Indias 2030 renewable targets.
Women's cricket team captain Harmanpreet Kaur unveils PNB's metal credit card Luxura. Check details
World Cup-winning Indian women's cricket team skipper Harmanpreet Kaur says she is happy to be the first customer of PNB RuPay Metal Credit Card Luxura.
Meesho raises 2,439.54 crore from anchor investors ahead of IPO
Aequs mops up 414 crore from anchor investors; Vidya Wires gets 90 crore from anchor investors
Market Trading Guide: Buy Birlasoft and Asian Paints on Wednesday for up to 10% gains
Benchmark indices extended losses for the third straight session as Nifty slipped below the 21EMA. Analysts expect a bearish-to-sideways trend ahead. However, Birlasoft and Asian Paints showed strong technical breakouts, offering near-term upside potential.
RBI Ombudsman saw 13% increase in consumer complaints in FY25: Here's how to resolve your grievances
Grievances against the banks comprised the largest portion, accounting for 81% of complaints received. This was followed by NBFCs accounting for 14.80% of complaints received during FY 2024-25.
The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription.
US stocks trade higher as markets mull Fed's next step on rates
U.S. stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this week.
Nashik to raise another Rs 200 crore in municipal bonds by February
Nashik Municipal Corporation is targeting to raise another Rs 200 crore from the municipal bonds route by February next year, a top official has said.
Rupee comes within a whisker of 90 to dollar mark
Rupee closes at record low of 89.87
Rupee likely to weaken further
The domestic currency can fall to 90.25-90.50 against the dollar and the see a recovery
Bullion body IBJA sets up self-regulatory body to bring transparency to digital gold
IBJA has launched a self-regulatory division to bring governance, transparency and consumer protection to the fast-growing digital gold industry after Sebi warned that such products lack regulatory oversight. The framework will include audits, standards, disclosures and strict compliance rules.
Income Tax: Last date to file revised or belated ITR is 31 December key questions answered
Income Tax: There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an inquiry notice by the assessing officer under section 142(1).
AadhaarUAN seeding: EPFO says no further extension for mandatory linking to file ECR
AadhaarUAN seeding: There will be no further extension for mandatory Aadhaar seeding with UAN for filing of ECR (Electronic Challan cum Return), announced EPFO via circular dated 1 December
Six midcap stocks, including Hitachi Energy India and GMR Airports, hit fresh 52-week highs despite a weak market, delivering up to 28% gains in just one month.
Adani Enterprises completes Rs 231 cr acquisition of Trade Castle Tech Park
Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani's group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer which owns sizeable land parcels.
Omaxe repays Rs 80 cr loans to SWAMIH fund
Realty firm Omaxe Group has repaid Rs 80 crore loans, including the interest amount, of government-backed stress fund SWAMIH.
India bonds rally on shortcovering, suspected RBI buying
Indian government bonds surged on Tuesday after better-than-expected state auction demand shored up sentiment and sparked short-covering, while some traders also suspected central bank buying in the secondary market.
Nifty at record high but midcaps lag: Rupen Rajguru reveals the smartest sectors to buy now
Indian markets are consolidating even as the Nifty hits fresh highs, with midcaps and smallcaps still lagging. Julius Baers Rupen Rajguru says this phase offers a strong buying opportunity as earnings growth is set to accelerate from FY27. He outlines key sectors to watchbanks, consumption and consolidated industrieswhile cautioning on valuations in select pockets like EMS and capital market plays.
UPI transactions jump 22% to hit 26.32 lakh crore in volume, shows November data
Total UPI transactions witnessed a 22% year-on-year rise in volume terms, reaching 26.32 lakh crore in November.
Banking, financial stocks lead selloff as Sensex tanks 500 pts, Nifty at 26,032
Among Nifty 50 components, Asian Paints, Dr Reddys and Maruti led gainers, while IndiGo, ICICI Bank, Reliance, HDFC Bank and Axis Bank were the major drags
Mint Explainer | IIT job offers get creative, but can bonuses and clawbacks hold talent?
Companies are offering deferred pay, joining bonuses, clawbacks, and stock options to attract IIT graduatesbut will it be enough to keep them?
Rupee slumps 42 paise to close at all-time low of 89.95 against US dollar; hits 90/$ intra-day
Forex traders said multiple pressures, like foreign fund outflows from equities and lingering uncertainty over the Indo-US trade deal, are keeping investor sentiment fragile
Rupee hits record low as outflows, trade limbo keep bearish bias intact
The Indian rupee fell to a record low on Tuesday, extending losses sparked by the absence of a trade deal between India and the United States, which has dented trade and portfolio inflows.
Meesho faces investor protest over anchor allotment to SBI Funds
Meesho's anchor book faced investor withdrawals after a significant allocation to SBI Funds Management, prompting other large funds to exit in protest. Despite this, the IPO lineup includes global investors like GIC and Abu Dhabi Investment Authority, highlighting strong demand for Indian tech startups.
Indian equities retreated on Tuesday, with the Sensex and Nifty falling after touching record highs. Investors engaged in profit-taking, while foreign funds continued to reduce their holdings. This combination of domestic selling and external pressures led to the benchmarks closing lower.
Insurance firms cut stakes in these 10 Largecap stocks during September quarter
Insurance firms cut their holdings in several NSE largecap stocks from June to September 25, signalling cautious sentiment or portfolio rebalancing. Key companies with reduced insurance shareholding include BPCL, Eicher Motors, TVS Motor, Vedanta, Apollo Hospitals, Grasim, M&M, L&T, Bank of Baroda, and Info Edge.
22, 24 carat Gold prices down across Indian cities on December 2
House panel asks govt to revive Durgapur, Haldia, Korba urea plants to meet demand
Government says any decision on these three units hinges on demand-supply gap after five revived plants become fully operational
Bajaj Finance, HDFC Bank, 4 others among Axis Securities top largecap picks for December
Niftys sharp 1,500-point rebound since October 2025 pushed it to record highs, supported by strong earnings, stable macros and improving sentiment. Axis Securities has shortlisted six large-cap stocks with attractive upside potential based on current market conditions.
Niftys rally lacks depth; mid- and smallcaps still expensive, says Mahesh Patil
Mahesh Patil of ABSL AMC says Indias earnings momentum is set to strengthen as consumption improves, rate cuts trickle in, and FIIs return. While PSU banks remain steady, private banks, autos, consumer discretionary and export-oriented sectors may lead the next market leg. With the rupee stabilising and inflation low, investors can expect a more broad-based market recovery ahead.
Emmvee Photovoltaic jumps 10% to a new high on strong Q2 earnings
The Bengaluru-based renewable energy companys consolidated net profit for the quarter ended September 2025 zoomed over 5 times to 237.86 crore from 35.11 crore in the year-ago period
Upasana Chachra highlights FII outflows, trade uncertainty behind rupee weakness
The Indian rupee is experiencing significant pressure and hitting record lows, primarily due to weak capital flows, including foreign portfolio outflows and muted foreign direct investment. While the current account deficit remains within comfort levels, trade negotiation uncertainties add to the strain. Despite mixed high-frequency indicators, the economy is showing signs of gradual recovery.
S&P Global Ratings upgrades outlook on Vedanta Resources to 'positive' from 'stable'
S&P Global Ratings has upgraded Vedanta Resources' outlook to 'positive' from 'stable', affirming its 'B' rating on senior unsecured notes. This move is driven by the anticipated improvement in the company's cost structure and earnings from its newly commissioned aluminium facilities.
Gold prices rally Rs 8,500 to climb back to Rs 1.3 lakh. How close is the Rs 1.5 lakh target?
Gold has rebounded sharply, rising over Rs 8,400 in two weeks to reclaim the Rs 1.3 lakh level, driven by Fed rate-cut hopes, a weaker dollar, and strong safe-haven demand. Analysts see bullish momentum but caution that Rs 1.5 lakh may take time, with key resistance at Rs 1.301.32 lakh.
Despite new highs, momentum missing in market: Vinay Rajani
The Nifty slipped below key support levels on Tuesday after a brief all-time high, with analysts noting a lack of midcap and smallcap participation. Global cues influenced the pullback, but the Nifty's positional trend remains bullish, with support seen between 25,970-26,050. Canara Bank is recommended long, while IndiGo Airlines is suggested for a short position.
Hedging against India rupee weakness turns costlier as 90/USD looms
Hedging against the Indian rupee's weakness became costlier on Tuesday with the currency nearing the 90 mark, reflecting heightened concerns about further depreciation and expectations that the central bank may allow more exchange-rate adjustment.
Indonesia to maintain presence in global bonds issuance, official says
Indonesia will maintain its presence in the issuance of global bonds next year, including Kangaroo and Dim Sum bonds, a Finance Ministry official said on Tuesday, adding that the ministry is open-minded about the issuance of Panda bonds.
Sunil Singhania-backed Emmvee Photovoltaic surges 10% as Q2 profit rockets 578% YoY
Emmvee Photovoltaic rose sharply on Tuesday after the company reported a stellar Q2FY26 performance, with net profit jumping 578% YoY to Rs 238 crore and revenue rising 181%. Strong demand for high-efficiency solar modules, improved margins, and IPO-led debt reduction strengthened its financials as the company positions for growth in Indias expanding renewable energy market.
Discounts on tickets lure young audiences to multiplexes but dampen spending on food and drinks
Urban youth-centric films are popular but multiplex chains like PVR Inox reported a dip in spend-per-head due to high F&B prices. Family-friendly films drive higher concession sales, indicating a need for diverse programming.
Swiggy plans 10,000 crore share sale next week
The Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Kotak Mahindra Capital Co will manage the share sale
CDMO earnings volatile but long-term story intact, says Dipan Mehta
Dipan Mehta of Elixir Equities discusses select mid-cap and sectoral stocks. He sees potential in Force Motors for long-term investors. Mehta anticipates a short-term trading rally in IT stocks but remains structurally cautious. He acknowledges missing Wockhardt but prefers waiting for the hype to subside. CDMO and contract manufacturing players are viewed positively.
MF-backed 8 Nifty500 stocks crash up to 55% from their highs. Should you buy the dip or bail?
When large institutional investors like mutual funds put money into a stock, its often a signal worth paying attention to. These funds carry out extensive research and focus on long-term growth, investing only when theres strong reasoning behind it. But what happens when some of their most favored stocks plummet by as much as 55% from their highs?
Swiggy to launch Rs 10,000 crore share sale next week: Report
Indian food delivery giant Swiggy Ltd. is reportedly preparing to raise up to 100 billion rupees ($1.1 billion) from institutional investors as early as next week. The company has shortlisted Citigroup, JPMorgan Chase, and Kotak Mahindra to manage the potential share sale, which was approved by its board on November 7th.
Ashok Leyland shares hit 52-week high, jump 4% in 2 days. Here's why
Ashok Leyland shares hit a new 52-week high on Tuesday, rising 2.7% to 164.50 and extending a two-day rally of nearly 4%. The stock is gaining on strong November sales and improving financial performance, which have boosted investor sentiment.
How data-driven rural lending can transform Indias credit ecosystem and boost growth
Rural lending is crucial for India's growth, as improved infrastructure and entrepreneurship thrive in these areas.
Sensex falls over 440 pts, Nifty at 26,000 level; media & financials lead market fall
Asian Paints, Dr Reddys, NTPC, Jio Financial and Maruti led gainers of Nifty 50, while IndiGo, BEL, HDFC Life, ICICI Bank and HDFC Bank declined the most
Mint Explainer: Why does the government want to buy back congested highways?
The Union government is finalising a new model concession agreement for build-operate-transfer toll highways that will allow it to reclaim stretches of road once traffic touches a predetermined limit. Whats the rationale behind this?
Marriage and divorce tax rules: Gifts, clubbing, and alimony explained
Indian tax laws treat marriage and divorce as significant events affecting tax liability. Gifts received during marriage are exempt up to Rs. 50,000. Alimony taxation varies, with lump sum payments considered capital receipts while periodic payments are taxable.
NSE revises Nifty Bank Index: Adds Yes Bank and Union Bank in major revamp
According to the exchange statement, the Nifty Bank index will expand to a fixed 14 constituents, up from the previous maximum of 12
Auto sector momentum likely to continue into 2026: Dipan Mehta
Auto sales are showing strong growth, with experts attributing the surge to recent GST cuts. Companies like Maruti Suzuki, M&M, and TVS Motors are standout performers, with expectations of double-digit growth continuing. Promoter block sales in IPOs have had a muted impact, with responsible divestments supporting market stability.
RBI likely to cut repo rate by 25 bps in Dec amid low inflation, strong growth: Report
A report by CareEdge suggests the RBI may cut the repo rate by 25 basis points in December, citing a decadal low in inflation and strong growth momentum. With inflation projected to remain subdued and real policy rates above neutral, the central bank has room for a rate cut. Despite external challenges, India's external sector shows resilience.
Torrent Gas hires Citi, two others for $450 million IPO
Torrent Gas Ltd. has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup to manage its planned initial public offering, which could raise up to $450 million. The city-gas distributor aims to use the proceeds for capital expenditure and debt reduction, amidst a busy IPO market in India.
Neochem Bio Solutions Rs 44.97 crore SME IPO opened on December 2 with a slow start, recording just 0.02 times subscription by mid-morning on Day 1, driven entirely by retail bids. The issue carries a mild GMP of Rs 5, indicating modest listing sentiment. Anchor investors, led by Mukul Agarwals Sanshi Fund with a 39% share, subscribed Rs 12.77 crore ahead of the launch.
Meesho IPO: GMP at 38% ahead of December 3 opening, signals strong listing sentiment
Meesho's IPO, opening December 3-5 with a price band of Rs 105-Rs 111, shows strong investor sentiment with a healthy grey market premium. Analysts see potential in India's value e-commerce growth, despite near-term profitability pressures, citing improving unit economics and user engagement.
Wockhardt shares jump over 4%, extend two-day rally following FDA nod for Zaynich
Wockhardt Ltd shares jumped over 4% to 1,533, extending a two-day rally after surging nearly 20% on Tuesday. The rise follows the US FDAs acceptance of its New Drug Application for Zaynich, a first-in-class antibiotic, marking the first NDA approval for a New Chemical Entity by an Indian pharma company.
Nomura projects Nifty rising to 29,300 by 2026 as growth recovers
Cites calmer geopolitics, a firmer macro backdrop and signs of a cyclical pickup to reinforce the case for higher valuations
Aequs IPO opens tomorrow: Strong GMP signals robust investor interest. Should you subscribe?
Belagavi-based Aequs Limited is launching its Rs 921.81 crore IPO on December 3, 2025, with strong grey market premium indicating investor enthusiasm. The precision engineering firm, serving aerospace and other sectors, aims to use IPO proceeds for debt repayment. Analysts recommend subscribing despite current losses, citing its integrated model and attractive valuation.
Smallcaps hit pause after a 4-year rally. Is the turnaround finally here?
Indian small-cap stocks have consolidated after a strong rally, facing headwinds like stretched valuations and tighter liquidity. However, easing macro pressures, improving earnings, and attractive valuations now present opportunities. Selective stock-picking in the small-cap space is poised to deliver strong long-term returns as the tide turns.
Meesho IPO opens tomorrow: Brokerages see strong long-term potential
The 5,421 crore IPO opens tomorrow, December 3, 2025, at a price band of 105-111 per share, valuing Meesho at 50,096 crore ($5.6 billion) and the IPO closes on December 5, 2025
Bitcoin steadies near $87,000 after sharp rebound from $84,000 slump
Bitcoin stabilized near $87,000 after a dip, while Ethereum hovered around $2,807. Despite a recent rebound, broader market sentiment remains cautious due to ongoing volatility and significant weekly losses for many altcoins. Investors are closely watching macro economic indicators, particularly U.S. inflation data and Federal Reserve rate expectations, for future market direction.
Realty Income to invest $800 million in CityCenter Las Vegas real estate assets
Realty Income is making a significant $800 million investment in Las Vegas' CityCenter properties, ARIA Resort & Casino and Vdara Hotel & Spa. This deal with Blackstone Real Estate marks their second collaboration. MGM Resorts International will continue operating these central Las Vegas Strip locations.
China Vanke bonds fall as developer seeks one-year delay on onshore bond repayment
China Vanke bonds saw a sharp fall Tuesday. The developer, once the nation's top home builder, is seeking to delay a bond repayment by one year. This move aims to prevent a default amidst a prolonged property market downturn. Vanke has requested holders of a 2 billion yuan bond to postpone principal and interest payments.
India bonds stuck in tight range as large state debt supply, tumbling rupee weigh
Indian government bond prices remained subdued on Tuesday as traders anticipated a larger-than-expected state debt issuance. A record low for the rupee also dampened investor sentiment, with the benchmark 10-year yield hovering around 6.56%. Market participants are now closely watching the upcoming Reserve Bank of India policy decision for further direction.
Nomura projects India's Nifty rising to 29,300 by 2026 as growth recovers
Nomura forecasts India's Nifty 50 to reach 29,300 by end-2026, anticipating a 12% rise driven by economic momentum and earnings growth under supportive policies. The brokerage sees normalized valuations and constructive medium-term outlook due to policy support and strong domestic inflows, while cautioning against narrative-driven stocks.
Mumbai housing registrations hit second-highest November ever, but affordability concerns deepen
Mumbai recorded its second-highest November housing registrations ever in 2025, driven by strong mid-to-premium demand, even as affordability concerns deepen. Analysts note moderation in the MMR as rising prices strain mid-income buyers. With registrations at record highs, sustaining momentum will depend on improved affordability, income growth and balanced housing supply.
Nominal GDP slowdown rings alarm despite strong 8.2% real growth: CareEdges Rajani Sinha
Indias nominal GDP slowdown, outdated data systems and tariff-related export concerns took centrestage as CareEdge Chief Economist Rajani Sinha analysed the latest economic print. She explains why weak inflation hurts revenues, how upcoming GDP methodology changes will improve data quality, and why the RBI may still deliver a 25 bps rate cut despite strong real growth.
Vidya Wires Rs 300-crore IPO opens on December 3, drawing steady investor interest as the grey market signals an 11.5% premium. With competitive valuations, solid earnings and a diversified product mix, the companys listing on December 10 is keenly watched amid a crowded primary market featuring multiple mainboard issues.
Who must pay advance tax by 15 December, and what happens if you miss it
An individual whose total tax liability from non-salary income exceeds 10,000 after accounting for TDS and TCS must pay advance in four instalments. Heres how it works
Your money playbook for every family stagefrom single to parenting
Early investing during high-income, low-responsibility years builds the compounding base families rely on later. How couples can preserve discipline as income patterns shift with marriage and kids.
WhatsApp chats in tax investigations: Courts push back against uncorroborated digital evidence
WhatsApp chats have become a common source of evidence in income-tax investigations. However, recent ITAT rulings indicate that such messages require independent corroboration to be deemed valid, as courts emphasize the need for solid evidence over mere speculation.
China stocks attract fund managers amid economic uncertainty
Global fund managers are steadily returning to China as strong market gains, attractive valuations and rising inflows bolster confidence despite ongoing economic uncertainty.
Silver has entered the multibagger club with an unprecedented 103% yearly surge, outperforming gold and most stocks. Analysts predict further gains, with domestic silver potentially reaching Rs 1.85 lakh per kg soon. This rally is driven by hopes of Federal Reserve rate cuts, a sliding dollar, and anticipated robust industrial demand.
Crude oil markets react to impact of Ukraine strikes, Trumps Venezuela threat
At 9.57 am on Tuesday, February Brent oil futures were at $63.24, up by 0.11% and January crude oil futures on WTI were at $59.43, up by 0.19%
Can you pay a credit card bill with another card? Heres what actually works
Paying a credit card bill with another credit card is mostly restricted, but balance transfers offer a safe alternative while cash advances carry high fees and interest for cardholders.
Tariff uncertainty clouds outlook as key US industries slip into contraction
US manufacturing remained in contraction as tariff uncertainty, rising costs and weakening demand pressured key industries, heightening inflation risks and complicating the Feds policy outlook.
India plans global EV summit as it rewires plan to spur investments, fix supply chain
The event will be positioned as a sequel to the 2018 MOVE Summit that was inaugurated by Prime Minister Narendra Modi.
Gold held firm above Rs 1.30 lakh even as prices eased on profit-booking ahead of key US data and Fed cues. Silver saw sharper declines after its recent rally. Analysts expect gold to stay in a positive range amid strong safe-haven demand and rising expectations of a December rate cut.
Capitalmind MF CEO Deepak Shenoy warns that Indias market rally lacks breadth despite Niftys record highs, with smallcaps still down 5% in 2025 and valuations stretched. He explains why RBI must consider rate cuts amid low inflation, what FIIs are waiting for, and where opportunities lie across midcaps, financials, manufacturing, and public-sector banks.
Wockhardt shares extend rally as USFDA accepts NDA for antibiotic Zaynich
The surge comes after Wockhardt revealed on Monday that the USFDA has accepted the New Drug Application for Zaynich, antibiotic developed by the company
Why India's famous multibagger hunter Vijay Kedia is now chasing tortoise stocks
Renowned investor Vijay Kedia is adopting a cautious approach, favoring 'tortoise stocks' like PSU banks and even Chinese ETFs over his usual 'cheetah stocks'. He believes the current market, despite record highs, lacks genuine excitement and offers limited opportunities for quick gains.
Bajaj Housing Finance shares plunge 9% as promoters plans 2% stake sale
The stock hit a 52-week low of 94.90 on the BSE in early trade today; At 9.37 am, it traded 8.18% lower at 95.95
Jane Street trading revenue rises 18%, on pace for record year
Jane Streets tally for the first nine months topped $24 billion more than the $20.5 billion it notched for all of last year
BofA predicts 25bps Fed rate cut in December amid weak labor market
Japan bond yields rise to 2008 high on rate hike bets as 10-year auction looms
Japanese 10-year government bond yields reached a 17-year high of 1.88% on Tuesday, fueled by speculation of an imminent interest rate hike by the Bank of Japan. Governor Kazuo Ueda's comments on considering a December hike provided the strongest signal yet of near-term policy tightening, adding to market volatility ahead of a significant bond auction.
