News Digest
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Stock market holiday: Why BSE and NSE are closed on January 15; what investors should know
Indian stock markets, including BSE and NSE, will be closed on January 15 due to municipal corporation elections in Maharashtra.
Budget 2026: Will tax provisions ease for crypto assets?
Various associations have in their pre budget submissions, argued that disallowing set-off of losses between VDAs is economically distortive and ultimately counterproductive for tax revenues.
Pee Safe raises $32 million from OrbiMed to accelerate expansion
The fresh capital will be used to expand Pee Safe’s offline retail footprint, strengthen brand-led marketing, and expand rapidly across quick commerce and marketplaces, the company said on Wednesday
Dam Capital's Alok Malpani likely to be named CEO of Emirates NBD's India investment bank
Emirates NBD is reportedly hiring Alok Malpani from DAM Capital to lead its new Indian investment banking arm.
Blinkit, Instamart and Zepto drop 10-minute delivery claims after labour push
Quick-commerce firms Blinkit, Swiggy Instamart and Zepto have removed explicit 10-minute delivery promises from apps and branding after Labour Ministry talks flagged safety risks and work pressure on gig riders.
India GDP growth looks stronger on paper; earnings momentum to build in FY27: GV Giri, IIFL Capital
India’s GDP growth may look strong, but earnings and valuations will drive the markets going ahead. GV Giri, President and Head of Research of IIFL Capital says FY27 could see 16–17% Nifty earnings growth, led by banks, NBFCs and select sectors, even as India remains relatively expensive compared with global peers.
UBS cuts EBITDA estimates for Eternal, Swiggy for next 2-3 years. Here's why
UBS cut EBITDA estimates for Zomato-owner Eternal and Swiggy as quick commerce competition intensifies, widening discounts and delaying margin recovery. Aggressive pricing by Amazon and Zepto pushes Blinkit breakeven to FY27 and weakens Instamart margins, despite long-term growth prospects ahead.
Infosys Q3 Results: PAT slips 2% YoY to Rs 6,654 crore; co raises FY26 revenue guidance
Infosys Q3 Results FY26: India's second largest IT services company on Wednesday reported a 2% year-on-year (YoY) decline in its consolidated net profit at Rs 6,654 crore in the third quarter, compared with Rs 6,806 crore in the last year quarter.
Rupee falls 6 paise to close at 90.29 against US dollar
The rupee pared initial gains and settled for the day 6 paise lower at 90.29 (provisional) against the US dollar on Wednesday, as the likely central bank intervention was negated by a strong dollar, foreign outflows from capital markets, and elevated crude oil prices.
Ola Electric opens up its 4680 Bharat Cell platform to startups, businesses
The in-house manufactured cells can be used across automotive, humanoids, drones, and portable medical equipment, Ola Electric said.
Export readiness: Maharashtra tops NITI Aayog’s export preparedness index; Tamil Nadu, Gujarat follow
Maharashtra has topped NITI Aayog's fourth Export Preparedness Index (EPI) 2024, showcasing its strong export potential and policy support. Tamil Nadu and Gujarat followed, with the index assessing states on export policies, business environment, infrastructure, and outcomes. Uttarakhand led among smaller states and UTs.
Market Wrap: Sensex falls over 200 points, Nifty below 25,700 as U.S. tariff worries spur foreign outflows
The benchmark BSE Sensex slipped 245 points, or 0.29%, to end at 83,382.71, while the NSE Nifty 50 fell 66.7 points, or 0.26%, to 25,665.60. The decline marked the seventh loss in eight sessions for both indexes, reflecting fragile investor sentiment despite pockets of sectoral strength.
Budget 2026: Increased expenditure, clear roadmap & more — here's what India's highways need
India's highway network has surged, becoming the world's second-largest with over 61% expansion in a decade. Future plans emphasize access-controlled highways, technology, and sustainability. Significant public-private partnerships and a new infrastructure trust are set to fund ambitious development, despite ongoing challenges with approvals and execution.
State Street to buy stake in Groww AMC at about Rs 2,500 Cr valuation
The US-based asset managers' entry follows a similar move by rival BlackRock, which formed a joint venture with Jio Financial Services Ltd. to tap into India’s asset management sector.
FMCG Startup Mitra To Merge With BSE-Listed Tierra Agrotech, Eyes IPO This Year
FMCG startup Mitra has merged with BSE-listed agritech company Tierra Agrotech with plans to list the merged entity with a…
Femtech Brand Pee Safe Bags $32 Mn From OrbiMed
Femtech startup Pee Safe has secured $32 Mn (INR 290 Cr) in its Series C round from Netmeds-backer OrbiMed in…
Gold price today: How much 22K, 24K gold cost in Delhi, Chennai & other cities - Check rates
Gold prices have reached an all-time high, driven by expectations of US Federal Reserve interest rate cuts and escalating geopolitical tensions. This surge reflects strong demand for safe-haven assets as investors anticipate easing monetary policy and ongoing global uncertainties. Local prices in major Indian cities also saw significant increases today.
Telecom sector urges sharp cut in licence fee ahead of budget
The telecom sector called the License Fee, a combination of the L icense (3% of AGR) and Digital Bharat Nidhi Contribution (5% of AGR), a huge financial burden
MRPL, SAIL, Tata Steel in focus as Nifty signals bottom formation near 25,500: Nagaraj Shetti
Nifty shows early signs of bottoming near 25,500 as buying emerges at lower levels, says Nagaraj Shetti, Technical & Derivative Analyst , HDFC Securities. While volatility persists, technical charts point to a possible rebound towards 26,200–26,300. Metals and oil refinery stocks show strength, with MRPL, SAIL and Tata Steel leading sectoral momentum.
European shares edge up as RWE, SSE auction win boosts utilities
European stocks recovered their poise on Wednesday after a modest dip a day earlier, as a surge in shares of energy firms RWE and SSE drove the utility index higher.
Bharat Coking Coal listing deferred amid Maharashtra civic polls. Check new date
Bharat Coking Coal's IPO listing has been postponed to January 19 due to BMC elections, with the Indian stock market also closed on January 15 for municipal polls. The Rs 1,071 crore IPO saw an overwhelming subscription response, attracting bids worth over Rs 1.1 lakh crore and setting a record with 90.31 lakh applications.
Groww ropes in US-based State Street as strategic investor with Rs 580 crore AMC deal
Groww has partnered with US-based State Street Global Advisors, which will invest up to Rs 580 crore in Groww AMC through primary and secondary shares. The deal, involving up to 23% stake dilution, strengthens Groww’s mutual fund business, supporting expansion, global collaboration, and enhanced product offerings for Indian investors.
HDFC AMC Q3 Results: Standalone profit jumps 20% YoY to Rs 770 crore; revenue up 15%
HDFC AMC Q3 Results: HDFC AMC announced a robust financial performance, with its third-quarter net profit surging 20% year-on-year to Rs 770 crore. Revenue from operations also saw a healthy 15% increase, reaching Rs 1,074 crore. For the nine months ending December, profit after tax climbed to Rs 2,236 crore, showcasing strong growth momentum.