PhonePe’s $15 Billion IPO on Cards; How It Can Trigger a Re-Rating for Paytm?
India’s fintech landscape is set for a seismic shift as PhonePe prepares for a $15…
PhonePe’s $15 Billion IPO on Cards; How It Can Trigger a Re-Rating for Paytm?
India’s fintech landscape is set for a seismic shift as PhonePe prepares for a $15 billion IPO, a move that could redefine valuations across the digital payments sector. Analysts believe that the listing of PhonePe, one of India’s largest digital payment platforms, may not only unlock value for its investors but also trigger a re-rating…
IT Stocks Oversold, Capital Markets Remain a Structural Story: Nitin Raheja
India’s equity markets have been witnessing volatility, with IT stocks appearing oversold and capital markets continuing to show resilience as a structural growth story, according to market expert Nitin Raheja. His insights highlight the contrasting trends across sectors, where technology valuations have corrected sharply, while capital markets are benefiting from long-term structural drivers such as…
India Bonds Steady as Debt Switch Plan Fails to Spur Moves
India’s bond market remained steady despite the government’s recent debt switch plan, which aimed to ease repayment pressures and improve liquidity management. The initiative, designed to swap short-term debt with longer-term securities, did not trigger significant movements in yields or investor sentiment, reflecting cautious optimism and a wait-and-watch approach among market participants. Background The debt…
India’s IT Sector to Hit $400 Billion by 2030 with AI: PM Modi
Prime Minister Narendra Modi has projected that India’s Information Technology (IT) sector will reach $400 billion by 2030, driven by rapid adoption of Artificial Intelligence (AI), cloud computing, and digital transformation initiatives. The announcement underscores India’s ambition to position itself as a global leader in technology innovation, software services, and digital infrastructure. Background India’s IT…
LIC’s Rs 17.5 Lakh Crore Portfolio Goes Against the Wind: IT Stocks In, Banks Out
Life Insurance Corporation of India (LIC), the country’s largest institutional investor, has reshaped its massive ₹17.5 lakh crore equity portfolio, signaling a strategic shift that goes against prevailing market trends. The insurer has increased its exposure to information technology (IT) stocks while trimming positions in banking and financial services, a move that has caught the…
Ola Electric Shares Jump 5% After Bombay HC Stays Arrest Warrant Against CEO Bhavish Aggarwal
Ola Electric’s shares surged by 5% in early trading after the Bombay High Court stayed an arrest warrant issued against its CEO, Bhavish Aggarwal. The development brought relief to investors and stakeholders, reinforcing confidence in the company’s leadership and future prospects. Background Ola Electric, India’s leading electric vehicle (EV) manufacturer, has been at the forefront…
Tamil Nadu Outlines Strategy for $1 Trillion Economy by 2030: Jeyaranjan
Tamil Nadu has unveiled an ambitious roadmap to transform its economy into a $1 trillion powerhouse by 2030, with State Planning Commission Vice-Chairman J. Jeyaranjan highlighting the key pillars of growth. The strategy emphasizes industrial expansion, infrastructure development, technology adoption, and inclusive growth, positioning Tamil Nadu as a leading contributor to India’s overall economic trajectory….
India’s Exports to US Drop 22% Due to Trump’s 50% Tariffs; Overall Trade Data Suggests Signs of Resilient Market Diversification
India’s trade relationship with the United States has come under strain as exports to the US fell by 22% in January, following the imposition of 50% tariffs by President Donald Trump’s administration. While the sharp decline in shipments to America has raised concerns, broader trade data indicates that India is successfully diversifying its export markets,…
Goldman Sachs Doubles Down on Aye Finance Despite Muted Debut; BofA Picks Up Stake in EIL in Rs 100 Crore Bulk Deal
India’s financial markets witnessed significant institutional activity as Goldman Sachs increased its exposure to Aye Finance despite the company’s muted market debut, while Bank of America (BofA) acquired a substantial stake in Engineers India Limited (EIL) through a Rs 100 crore bulk deal. These moves highlight the growing interest of global financial giants in India’s…
Cochin Shipyard Shares in Focus as It Bags Contract Worth ₹5,000 Crore for Indian Navy
Cochin Shipyard Limited (CSL), India’s largest public sector shipbuilding and maintenance company, has captured market attention after securing a massive ₹5,000 crore contract from the Indian Navy. The deal, which involves advanced shipbuilding and support services, is expected to significantly boost the company’s order book and reinforce its strategic role in India’s defense sector. Background…
