FIIs dump Indian consumer stocks despite tax cut boost

Foreign investors reduced their stakes in Indian consumer stocks during the September quarter, despite a consumption tax cut aimed at boosting spending. While retail sales saw an 8.5% increase during the festival season, economists caution that pent-up demand and ongoing economic headwinds like slow income growth may temper the outlook.

Bajaj Financial Securities buys stake in Lemnisk as early investors partly exit

Bajaj Financial Securities has acquired a stake in customer data platform Lemnisk through a secondary transaction, offering partial exits to early investors like growX Ventures. The deal highlights the growing demand for real-time customer data platforms and AI-driven personalization among Indian enterprises. Investors maintain their stakes, underscoring continued confidence in Lemnisk’s long-term potential.

Zerodha helps Groww grow: Nithin Kamath’s cheeky congrats steals the show on IPO day

Zerodha founder Nithin Kamath humorously acknowledged competitor Groww’s IPO, noting a significant portion of applications came from Zerodha customers. Groww’s IPO opened to a decent start, with the retail portion showing strong enthusiasm. Despite competition, both platforms are instrumental in simplifying investing for millions in India.

Grow, ‘Groww’, Grown. But what’s the growth path ahead?

Groww launches its IPO today, aiming to raise Rs 6,632 crore. The investment platform, a market leader in India, faces regulatory challenges, particularly concerning futures and options trading, which has historically driven its growth. Despite these headwinds, Groww is diversifying its offerings to ensure continued expansion.

Stronger earnings and urban demand could revive FII confidence in India: Gautam Trivedi

The US economy is surprisingly strong, with significant corporate spending projected. In contrast, global investors are cautious about India, underweighting its market due to an earnings slowdown. However, a turnaround is anticipated with expected rate cuts, GST reductions, and PSU pay hikes. Improved corporate earnings are seen as the key to attracting foreign investment back […]