Finshorts
The Competition Commission of India has approved Hindustan Unilever’s acquisition of a 90.5% stake in Uprising Science, the parent company of beauty brand Minimalist, for ₹2,670 crore. HUL plans to acquire the remaining 9.5% over the next two years. This move will strengthen HUL’s beauty and personal care portfolio, boosting its market share and product … Read more
The rupee gained 27 paise to close at 87 per US dollar, supported by strong macroeconomic data and lower crude oil prices. Retail inflation dropped to a seven-month low of 3.61%, while industrial output grew 5% in January, raising hopes of an interest rate cut by the Reserve Bank of India. However, foreign institutional investor … Read more
HDFC Mutual Fund has raised its stake in IndusInd Bank to 5.02%, buying an additional 15.92 lakh shares after the bank disclosed a ₹2,100 crore accounting discrepancy. The stock saw a sharp correction following the announcement, with shares closing 1.84% lower at ₹672.10. The final impact of the discrepancy will be confirmed after an external … Read more
Tata Motors has re-entered the Sri Lankan market, launching a new range of passenger vehicles, including electric vehicles, in partnership with distributor DIMO. The lineup includes SUVs like the Punch, Nexon, Curvv, and Tiago electric vehicle. This move strengthens Tata Motors’ international presence and could boost its export revenue, benefiting investors amid rising global demand … Read more
BLS International processed 27.69 lakh visa applications in the first nine months of FY25, exceeding pre-pandemic levels. This surge reflects strong demand for global travel and the company’s expanding role in visa processing. The achievement signals potential revenue growth, benefiting investors. With increasing global mobility, BLS International’s expanding market share could drive further stock upside … Read more
Blackstone Chairman Stephen Schwarzman announced plans to expand into India’s infrastructure and credit sectors, targeting ports, airports, and road assets. Despite global challenges, he remains bullish on India’s economy, citing strong long-term growth. With over $50 billion already invested in India, Blackstone aims to capitalize on expanding opportunities. The firm sees India’s private equity landscape … Read more
Bharti Airtel has signed a deal with SpaceX to offer Starlink’s satellite internet services in India, marking a major shift despite previous regulatory conflicts. This move could strengthen Airtel’s broadband offerings, especially in rural areas. The agreement is subject to regulatory approvals, while rival OneWeb, backed by Airtel, awaits spectrum allocation. The collaboration could reshape … Read more
Paytm shares jumped 6.5% to 710 after reports suggested the Indian government may reinstate the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for businesses with turnover above Rs 40 lakh. This move could boost Paytm’s revenue by allowing it to monetise payment services. A tiered pricing model is also being considered. Paytm … Read more
Morgan Stanley India’s Ridham Desai believes domestic equities will outperform the global downturn, though finding the market bottom remains uncertain. He sees valuations becoming attractive, especially in small and midcaps, which have corrected over 20%. Desai expects financial stocks to lead the recovery and highlights India’s stable policy environment as a key strength. He remains … Read more
IndusInd Bank shares plunged 26% to a 52-week low of ₹666.25 after reporting discrepancies in its derivatives portfolio. The bank estimated a 2.35% hit to its net worth, potentially impacting ₹1,500 crore. An external audit is underway, with findings expected by the end of March. Despite this setback, the bank assured investors of strong profitability … Read more