Inox Green offers ₹600 cr for Wind World O&M unit
Inox Green Energy has submitted a bid of ₹550-600 crore for Wind World India’s green energy operation and maintenance portfolio. This bid is part of a court-driven process. Wind World India is currently undergoing corporate insolvency proceedings. The company provides O&M services for over 4.5 GW of renewable energy capacity. Its clients include major groups […]
RBI proposes July 1 rollout of stricter mis-selling rules for banks
The Reserve Bank of India is introducing new rules for banks. Banks must now refund customers fully if a product or service is mis-sold. They also need to compensate customers for any losses incurred. These guidelines aim to protect customers and ensure fair practices in banking. The central bank is seeking feedback before implementing these […]
Canara Bank invites bids to sell ₹577-cr Supreme Housing loan
Canara Bank is selling ₹577 crore debt of Supreme Housing and Hospitality. A Swiss challenge auction is planned. The bank has also filed a petition to restart insolvency proceedings. This follows a failed one-time settlement offer by the company. The auction aims to gauge investor interest. Bids are due February 21. An electronic auction is […]
Sebi fines Zee promoter Rs 4 lakh for violating takeover regulations
SEBI has fined Cyquator Media Services ₹4 lakh for violating takeover regulations. The ZEEL promoter failed to disclose the creation and invocation of a pledge on 60.5 lakh shares in December 2016. Additionally, an incorrect disclosure was made regarding a 2019 share transfer.
FPIs continue to bail out of financial services
Foreign investors accelerated selling in financial services in the latter half of January, offloading ₹5,402 crore. Overall, overseas investors withdrew ₹29,056 crore across 15 sectors, with healthcare also seeing significant outflows. Metals and mining, however, attracted ₹8,837 crore in inflows, driven by precious metal momentum.
Microfinance shows spark but shrinks to lowest in 3 years
The Indian microfinance market has shrunk to ₹3.22 lakh crore, marking a significant 16% year-on-year decline and reaching a three-year low. This contraction is attributed to a large bank reclassifying micro loans as retail and an acceleration in writing off bad loans, despite some lenders showing improved recovery and business normalization.
Sensex snaps 3-day gain, Nifty holds 25,900 amid IT selloff
Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally higher.
Textile stocks fall up to 6% for second day. How serious is the Bangladesh threat?
Shares of major Indian textile companies fell up to 6% for a second straight day after Bangladesh signed a trade agreement with the U.S., offering lower tariffs and exemptions on select textiles. Experts suggest the impact on Indian exporters may be limited, though competitive pressures could rise, particularly in product-specific categories.
Narrow market sees select stocks shine as broader earnings remain muted: Rohit Srivastava
The Indian equity market is exhibiting a narrow leadership, with only a few stocks like M&M and State Bank of India showing standout performances and reaching new highs. This selective strength contrasts with broader indices struggling for traction, indicating a stock-specific environment rather than a market-wide uptrend.
AI, defence and energy transition to drive India’s next capex wave: Chetan Ahya
India is set for a robust industrial revival, driven by a global upturn, improving exports, and strong capital expenditure. Chetan Ahya of Morgan Stanley highlights AI infrastructure, defense spending, and energy transition as key structural drivers. Benign inflation and no rate hikes are expected until 2027, fostering a virtuous cycle for India’s growth.