INDIA FINANCIAL SECTOR
Huge inflows in small spaces
Increasing investments from global entities into India's financial sector are boosting the specialized lending institutions. Regulatory reforms have strengthened governance and risk management practices within these institutions over time. Digital innovations like Aadhaar and UPI have facilitated faster and more accurate borrower assessments.
PE firm Advent shortlists buyers to sell stake in 'Crax' maker DFM Foods
Advent International has shortlisted Partners Group, ChrysCapital and EQT to sell its 96.63% stake in Crax maker DFM Foods, with ITC and Goldman Sachs also in contention at a valuation of ₹4,000-4,200 crore. Balaji Wafers and other strategic bidders have exited amid concerns over the steep valuation.
ETMarkets PMS Talk | 15–20 stocks, 4Ps and active risk management: Inside Anand Rathi's IMPRESS PMS strategy
In an interaction with Kshitij Anand of ETMarkets, Mayur Shah, PMS Fund Manager at Anand Rathi Advisors, explains how the strategy combines a long-term fundamental approach with a strong focus on mid- and small-cap companies, while using its proprietary Re-VIEW framework to manage valuations, earnings risks and portfolio exposures.
India equity surge brightens outlook for exchanges, brokerages
India's equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics and declining crude oil prices, indicates robust investor engagement. The NSE India Volatility Index has climbed, reflecting increased confidence in derivatives trading. Analysts predict significant growth opportunities as the trading environment stabilizes following the rollback of the closing-auction framework.
Kalyan Jewellers gains 16% in two sessions; analysts see 13% upside
In a bold move, Kalyan Jewellers India announced a significant 31% rise in revenue and a notable 64% boost in net profit. Plans include launching 84 new Kalyan stores along with expanding the Candere and Akshaya Thanga Maligai outlets. Analysts have expressed optimism, issuing 'Buy' ratings based on the growth from non-South markets, which climbed by 21%, positioning the company favorably against unorganized competitors amidst fluctuating gold prices.
CAG widens audit net to assess outcomes of govt schemes, urban mobility
The Comptroller and Auditor General is conducting cross-ministry audits to assess outcomes in areas such as ease of doing business, logistics, education and urban mobility. The reports, covering schemes implemented between 2021 and 2026, will offer recommendations to improve delivery. The auditor is also examining DISCOMs' financial and operational performance and developing in-house AI tools to assist audit work.
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PLI schemes achieve 76% of investment target, 64% of production goal: Niti Aayog
The production-linked incentive (PLI) scheme has achieved 76% of its investment target and 64% of its production target, with electronics, telecom and pharmaceuticals emerging as strong performers, Niti Aayog said. As of March 2026, the scheme had attracted ₹2.40 lakh crore in investments, generated production worth ₹22.66 lakh crore and created over 8.49 lakh jobs.
Norwest raises $4 billion fund for India, US and Israel investments
Norwest has raised $4 billion for its 18th fund, which will invest across India, the US and Israel. The 65-year-old firm, backed by Wells Fargo, has been active in India for 20 years and manages $2.5 billion in assets in the country. It invests $300-350 million annually in India, managing director and India head Niren Shah said.
Indian companies propose $7.05 billion in overseas borrowings in September
Indian companies proposed $7.05 billion in overseas borrowings through ECBs and foreign currency convertible bonds in September 2026. Infrastructure financiers, NBFCs and major corporates accounted for significant proposals, with most borrowings routed through the RBI's general permission framework.
Bodhi Tree invests $180 million for majority stake in Adyar Ananda Bhavan
Bodhi Tree Systems, backed by James Murdoch and Uday Shankar, has invested $180 million for a majority stake in Adyar Ananda Bhavan, or A2B, as it looks to scale the South Indian food brand in India and overseas. The partnership will focus on restaurant and packaged-food expansion, digital capabilities and manufacturing, with Uday Shankar becoming chairperson of A2B’s new board.
Fairfax's Rs 52,878-crore IDBI Bank deal sets stage for a financial services powerhouse
Fairfax Financial Holdings has successfully acquired a controlling stake in IDBI Bank for Rs 52,878 crore. The investment aims to redefine IDBI Bank as a comprehensive financial services provider in India and abroad. Fairfax plans to integrate its existing insurance and capital market businesses into IDBI Bank to enhance its offerings. The acquisition reflects Fairfax's strategy of leveraging IDBI Bank's infrastructure for greater market competitiveness.
RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: Report
India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.
5 reasons why your product should be nominated for the ET Product of the Year Awards 2026
India's product landscape is rapidly transforming, driven by innovative solutions and upgraded offerings that cater to consumer demands. The ET Product of the Year Awards 2026 aims to shine a spotlight on products that have significantly impacted the market, emphasizing their success, user adoption, and overall customer value. Businesses are invited to submit nominations for products that debuted or evolved during the designated period to celebrate their accomplishments.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
HCA Global pre-leases 6.44 lakh sq ft in Mindspace Hyderabad; rental outgo Rs 945 crore
HCA Healthcare’s Indian subsidiary, HCA Global Services, has pre-leased 6.44 lakh sq ft of office space at Mindspace in Hyderabad for 10 years, with a total rental outgo of around Rs 945 crore. The lease, covering seven floors in Building No. 8, will begin on September 1, 2027, at a monthly rent of Rs 7.09 crore, with an annual escalation of 4.5%.
The much awaited Noida-Greater Noida West metro link, a mega museum and more: Inside the Cabinet's Rs 77,101 crore package
On Wednesday, the Union Cabinet approved significant proposals for infrastructure and business support across India. The government will allocate ₹3,230 crores for the Yuge Yugeen Bharat Museum in New Delhi. A metro rail project linking Noida and Greater Noida will receive ₹2,390 crores for development. Additionally, ₹62,370 crores will be set aside for NBS rates on fertilizers for the Rabi 2026-27 season.
Prosus widens India fintech play after years of consumer internet bets
The Amsterdam-listed technology investor is also close to investing in artificial intelligence-led credit management startup Oolka, people familiar with the matter said. Prosus evaluated credit-on-Unified Payments Interface (UPI) startup Kiwi in October and savings platform Jar in 2025 before deciding not to invest. Prosus declined to comment on specific deals.
MSME Ministry reviews CPSE procurement from SC/ST enterprises to meet mandated target
A total of 30 public sector undertakings, including Bharat Heavy Electricals Limited, Bharat Electronics Limited, NTPC, Airports Authority of India, BEML, and Coal India Limited, attended the consultations.
Earnings recovery, FII revival: 5 factors that will shape Dalal Street's next move after Q2
Indian equities are recovering as stronger Q2 earnings, renewed FII inflows and attractive largecap valuations lift sentiment. Analysts identify five key triggers for Dalal Street’s next move, including global AI volatility, geopolitical risks and sectoral flows.
FIIs are back with a bang but why are stocks from only 2 sectors their favourites?
Recently, foreign institutional investors have rekindled their enthusiasm for Indian equities, with significant investments particularly in technology and telecom sectors. Since mid-October, they've pumped $8.2 billion into the market, reversing prior selling trends. However, the financial services sector continues to struggle with considerable outflows, highlighting a trend of selective investments, while sectors like financials and FMCG are still under pressure.
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollars
Blackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals include investments by Carlyle and Advent International in housing finance firms. The demand for credit in India is growing, with NBFCs playing a crucial role in accessing underserved markets. Foreign investments in the financial sector have exceeded $20 billion since 2025, reflecting confidence in stability.
Is Dalal Street heading for a sustained rally? Motilal Oswal says FII flows on the cusp of an inflection
Foreign investor sentiment towards Indian equities could be approaching an inflection point, according to Motilal Oswal Financial Services. Despite $30.4 billion in FII outflows so far in 2026, the brokerage sees improving flows, easing geopolitical concerns, strong domestic fundamentals and reasonable valuations potentially supporting a sustained recovery in Indian equities.
Jefferies sees largecaps benefiting from FPI revival; Reliance, HDFC Bank, Axis Bank among potential beneficiaries
Jefferies expects largecap stocks to benefit more directly from a potential revival in foreign portfolio investor (FPI) flows into Indian equities. The brokerage has identified 12 potential beneficiaries, including Reliance Industries, HDFC Bank, Axis Bank and Kotak Mahindra Bank, amid improving foreign flows and relatively reasonable valuations in the segment.
India’s product landscape is changing: Which products are setting the benchmark across technology, finance, and consumer markets?
The ET Product of the Year Awards 2026 showcase India's rapidly growing product ecosystem by honoring groundbreaking innovations across diverse sectors such as enterprise technology, financial services, and consumer markets. These awards place emphasis on products that have made a significant market impact, gained customer adoption, and demonstrated exceptional innovation, motivating companies to present their tangible successes and contributions to the industry.
Indian organisations on edge as sites fail to Captcha AI intruders
Personal AI agents such as Instinct, Muse, Grokbot and OpenClaw have taken over the consumer internet in the US. But last month, major US banks, including JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley, reportedly flagged AI agents such as Meta’s Muse accessing customer accounts using login credentials voluntarily shared by users laying bare the risks of handing AI agents the keys to consumers’ digital lives.
PSBs integrate ESG parameters into companies' credit risk assessment
Public sector banks are incorporating environment, social, and governance parameters into their credit risk assessment processes. Seven banks, including the State Bank of India, lead this initiative to enhance credit appraisal. They are developing climate risk frameworks for credit workflows and adopting standardized emission calculation methodologies. The EASE 9.0 Reform Agenda monitors these developments to modernize state-run lenders.
Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
PSBs see up to Rs 30,000 crore in foreign inflows if investment cap raised to 49%
Public sector banks have told the government that raising the foreign investment cap to 49% from 20% could attract passive foreign inflows of Rs 30,000 crore or more. SBI alone could draw around Rs 20,000 crore as its weightage in the MSCI India index potentially rises, lenders have projected.
IFC extends $150 million credit line to SBI in first investment in an Indian state-owned bank
The International Finance Corporation has extended a $150 million social loan to State Bank of India to support agricultural financing for around 864,000 rural women. The IFC has also executed its first domestic cross-currency swap with an Indian bank, making SBI its first local swap counterparty in South Asia.
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