Market News
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PLI 2.0: India bets big on making more of the smartphone at home
India is updating its mobile phone production incentive scheme. The new plan targets over 55% domestic value addition. It will also link with component manufacturing schemes. This aims to boost local sourcing of crucial parts. The government wants to reduce reliance on imports for high-value components. This move follows concerns about current import dependence.
India’s Gold Import Problem May Already Have A Solution At Home
India's massive gold imports are prompting a shift in consumer behaviour. Families are now exchanging old jewellery, unlocking dormant value. Organised brands are expanding gold exchange programs, making purchases more transparent. This trend helps reduce reliance on new gold imports. Indians are not giving up gold but are using their existing holdings more wisely.
Bernstein says Aadhar Housing, Home First, other housing stocks can rally up to 34%. Here are 3 reasons why
Bernstein sees a significant rally potential of up to 34% in affordable housing finance stocks like Home First Finance and Aptus Value Housing. Favorable trends, improving business momentum, and stable operating conditions are driving this optimism. Despite attractive valuations, the sector benefits from low mortgage penetration and a strong competitive moat.
Mcap of 6 most valued firms surges by ₹74,111 cr, Reliance biggest winner
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 ...
Repco Home Finance consolidated net profit rises 12.04% in the March 2026 quarter
Sales rise 6.90% to Rs 452.23 crore
Tamil Nadu Ministries: Vijay Keeps Home Ministry, Finance Goes To Marie Wilson — Check Full List
Tamil Nadu Chief Minister C Joseph Vijay
MoF approves scheme for floating solar battery storage
India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.
Indian firms turn to floating-rate debt as interest rate hikes loom
Indian firms shift to floating rate bonds as rate hike bets rise, ICICI Home Finance, Tata Capital, Mahindra and Mahindra Financial Services and HDB plan ₹85.50 billion in issues.
9 of top 10 valued firms lose Rs 3.12 lakh crore in m-cap; Reliance hardest hit
The valuation of Tata Consultancy Services (TCS) tanked Rs 47,415.04 crore to Rs 8,19,062.65 crore and that of Bajaj Finance dived Rs 27,892.28 crore to Rs 5,66,717.74 crore.
Market Cap Of Nine Of Top 10 Valued Firms Erodes By Rs 3.12 Lakh Cr; Reliance Biggest Laggard
Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
Shivalik Small Bank closes in on ManiBhavnam Home Finance
Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Companies. The deal comprises share swaps and a cash payment, people familiar with the matter said.
Shivalik Small Bank closes in on ManiBhavnam Home Finance
Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Companies. The deal comprises share swaps and a cash payment, people familiar with the matter said.