TPG nears deal to buy 30-40% stake in Nirmal Jain’s IIFL Capital, open offer likely
US buyout group TPG Capital is nearing a deal to acquire a significant minority stake of 30-40% in Nirmal Jain’s IIFL Capital Services. This move could position TPG as the largest shareholder, coinciding with Jain’s plans to re-enter wealth management. The potential transaction, including an open offer, could be valued up to ₹8,000 crore.
Trent sees sharpest fall in six months after Q3 update spooks Street
Trent’s shares plummeted over 8% on Tuesday, marking their steepest single-day fall in six months, following a disappointing third-quarter business update. Analysts cited a failure to meet revenue growth expectations and rich valuations as key concerns, suggesting investors might reduce their exposure to the stock.
RIL market value falls Rs 94,000 crore in a day
Reliance Industries shares saw a significant drop of 4.4 percent. This marked the biggest single-day fall in 18 months. The company denied a report about Russian oil heading to its Jamnagar refinery. Reliance stated no Russian crude oil deliveries were expected in January. The market value of the company decreased by approximately ₹94,000 crore.
Microfinance disbursals, repayments picking up
The microfinance sector is showing signs of a turnaround, with several small finance banks and NBFC-MFIs reporting increased business volumes and improved repayments. While some lenders are experiencing growth, others, particularly smaller ones, continue to face challenges. The overall market has contracted, with Bandhan Bank actively cleansing its balance sheet by selling non-performing loans.
Over 97% of bank accounts were insured at FY25 end
As of March 2025, the DICGC insured 41.5% of total bank deposits by value, covering ₹100.12 lakh crore. The deposit insurance fund saw a 15.2% year-on-year increase, reaching ₹2.29 lakh crore. The RBI also approved a risk-based deposit insurance framework to enhance financial stability.
Profit-taking, geopolitical jitters drag indices lower in second straight session
Index decline led by heavyweights amid geopolitical concerns Ongoing rally to be driven by Q3 earnings, govt’s likely focus on capex-driven strategy, comfortable valuations: Analysts
Top NBFCs seek RBI nod to raise retail deposits
Except for a few NBFCs with legacy licences, most NBFCs are barred from raising retail deposits. Bajaj Finance, Shriram Finance, and Mahindra Finance are among the few NBFCs that are permitted to accept retail deposits. The governor met the CEOs of NBFCs, housing finance companies, microfinance institutions, and industry representatives on Monday.