FINWIRES · TerminalLIVE
FINWIRES

Nifty 50

Nifty 50
IndexIndex

251 stories mentioning Nifty 50Updated 1d ago

India's benchmark in focus as May data showed goods and services exports up 15.8% and imports up 19% year over year.

Asia

Market Chatter: India Plans to Table Bill to Make Foreign Investor Tax Cuts Permanent

India's government is expected to introduce a bill in Parliament as early as next week to formalize tax concessions for foreign investors in sovereign bonds, Bloomberg reported on Wednesday, citing people familiar with the matter.The proposed Income Tax Amendment Bill would replace an ordinance issued in June and requires only a simple majority in Parliament to become law.If the bill is not passed this session, the government can reissue the ordinance to keep the tax relief in force for another six months, Reuters said.A Finance Ministry spokesperson did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50
Asia

Market Chatter: Ferns N Petals Eyes 2028 India IPO

Gifting company Ferns N Petals is looking to list on the Indian bourse by the end of 2028, Reuters reported citing its global CEO Pawan Gadia.The gifting brand operating in India, the United Arab Emirates, Singapore, Saudi Arabia and Qatar, reportedly plans to use proceeds from the IPO for the potential acquisition of other gifting companies.The retailer also aims to expand into Malaysia and more Gulf countries, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50
Asia

Market Chatter: India Curtailed Over 8,000 GWh of Solar Power in April-June Amid Grid Constraints

India curtailed 8,133 gigawatt hours (GWh) of solar power during the quarter ended June 30 as transmission constraints and grid security requirements limited the absorption of renewable energy, Reuters reported on Tuesday, citing Minister of State for New and Renewable Energy Yesso Naik.Solar power curtailment totaled 2,417 GWh in April, 3,235 GWh in May and 2,481 GWh in June, Naik told the Indian Parliament in a written reply, according to the report.The government attributed the curtailment to delays in transmission infrastructure, early commissioning of renewable energy projects and measures to maintain grid stability. It said restrictions on solar generation were necessary to ensure the reliable and secure operation of the power grid.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50
Asia

Market Chatter: Hillhouse-Backed Elevate Campuses Eyes $267 Million India IPO

Hillhouse Investment Management-backed Elevate Campuses is targeting a $267 million initial public offering in India as early as August, Bloomberg News reported Tuesday, citing people familiar with the matter.The student housing operator has started investor roadshows ahead of a planned share sale in the second half of August and is seeking a valuation of as much as $1 billion, the report said.Elevate Campuses did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50
Asia

Tata Says Air India Turnaround Is a Five- to Ten-Year Journey

Tata Sons said Air India's transformation remains a five- to ten-year effort, citing fleet renewal, network expansion, training, and service improvements as key priorities, according to the annual report released on Tuesday.The group posted that refurbished narrow-body aircraft have received strong customer feedback, while refurbishment of the wide-body fleet is expected to be completed by the end of fiscal 2028.Tata said that Air India faced significant external challenges during the year, including airspace closures, higher fuel costs linked to the West Asia conflict, foreign exchange fluctuations, and the crash of Flight AI171.The group reiterated its commitment to helping establish India as an international aviation hub.

^BSENifty 50
International

India's Manufacturing Output Growth Quickens to 7.8% in June

Manufacturing production growth in India accelerated to 7.8% year over year in June from the revised 5.2% in May, according to data from the Ministry of Statistics and Programme Implementation released on Tuesday.Of the 23 industry groups in the manufacturing sector, 19 recorded positive growth during the month.

^BSENifty 50
International

India's Industrial Output Growth Accelerates to 7.3% in June

India's industrial production growth expanded to 7.3% year over year in June from the revised 5% in May, according to quick estimates from the Ministry of Statistics and Programme Implementation released on Tuesday.The reading beats the consensus forecast of 5.6% growth tracked by Investing.com.

^BSENifty 50
Asia

Asian Emerging Markets Resilient Amid Geopolitical Risks, S&P Says

Asia's emerging markets (EMs) have shown strength despite facing geopolitical volatility, S&P Global Ratings said in a Tuesday release.Growth in these markets should gain support from strong demographics, more active financing, and increased productivity, S&P said.Access to diversified and cost-effective financing markets will be essential for EMs, given that the scale of investments requires funding beyond public balance sheets, S&P's global head of emerging market development Guy Deslondes said.EMs will make up nearly 65% of global growth until 2035, with Vietnam, India, and Indonesia posting the most notable growth rates, the rating agency said.However, EMs also need to take steps to bridge the per capita income gap with advanced economies, including a faster pace of productivity gains and leveraging their demographic advantages, S&P said.

^BSE^HNX^HOSE^JKSENifty 50
Asia

India's Engineering Exports Grow 20.7% in June

India's engineering goods exports rose 20.7% year over year to $11.5 billion in June from $9.50 billion a year earlier, according to provisional data from EEPC India.Cumulative engineering exports for the April-June quarter increased 18.1% to $34.1 billion, compared with $28.9 billion in the corresponding period of the previous fiscal year.The growth was attributed to free trade pacts with key partner countries, exporters' product and market diversification strategies, and the rising competitiveness of Indian engineering products.

^BSENifty 50
Asia

Market Chatter: Managed Workspace Firm Tablespace Plans Up to $350 Million India IPO

Indian managed workspace provider Tablespace Technologies is set to file draft papers for an initial public offering by early August in a deal that could raise up to $350 million, Bloomberg News reported, citing people familiar with the matter.The proposed listing is expected to include a fresh issue of shares worth up to 10 billion rupees, along with an offer for sale by existing shareholders, the report said.Axis Capital, IIFL Capital Services, BofA Securities and CLSA are advising on the offering, according to Bloomberg.Tablespace did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50
International

Asia Week Ahead: U.S. Interest Rate Decision, Japan's Data Deluge, Industrial Output

Several key data releases are scheduled this week, with a decision by the U.S. Federal Reserve on Wednesday regarding interest rates taking center stage.The economic release calendar will gain momentum as the week progresses.Following business and consumer confidence survey reports, industrial and production data, and import and export prices, the bulk of economic disclosures will be released Friday.Japan is set to announce an interest rate decision at the end of the week. The week ahead also features the usual end-of-month data deluge from Japan that could provide insights into its economic health and potential monetary policy direction.MONDAY, July 27The Monetary Authority of Singapore (MAS) tightened monetary policy for a second straight review, slightly raising the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.Meanwhile, the city-state's manufacturing output rose 7.2% year over year in June, slowing from a revised 17.8% increase in May and missing the 9% forecast of Trading Economics.Elsewhere, profits of China's major industrial firms grew 15.1% year over year in June, softer than the 21.1% gain in May.TUESDAY, July 28India is expected to see a year-over-year rise of 5.3% in industrial production in June, according to economists at ING. Manufacturing production is projected to increase 5%, based on a Trading Economics forecast.South Korea will release consumer confidence data.WEDNESDAY, JULY 29Markets will be on the lookout for the U.S. Fed's interest rate decision, with Investing.com and Westpac expecting the regulator to keep the policy unchanged for the fifth straight meeting.Elsewhere, Singapore is set to release domestic supply and manufactured products price index data, as well as export and import price figures.THURSDAY, July 30South Korea will release its business confidence report, while Japan publishes its consumer confidence data.Singapore will report its unemployment statistics for June, with Investing.com projecting a 2.1% rise.FRIDAY, JULY 31Japan is expected to keep its interest rate steady at 1%, according to predictions by ING and Investing.com.Japan's Usual End-of-Month Data DelugeInflation: Tokyo inflation figures will give further insights into Japan's inflation outlook. Tokyo's annual inflation rate is estimated to rise slightly to 1.8% in July, according to market consensus forecast data quoted by ING and Westpac Economics.Retail Performance: June retail sales are expected to increase 2.8% year over year, according to a Trading economics consensus.Activity: Industrial production is estimated to increase 1.8% compared with a 2.1% decline a year prior.Unemployment: Japan's unemployment rate will likely remain unchanged in the month at 2.5%, according to a Trading Economics consensus.Elsewhere, experts at ING forecast a slowdown of China's manufacturing PMI to 50.1 in July from 50.3 the previous month. Non-manufacturing PMI is expected to decelerate to 50 from 50.2 in the previous month.ANZ Research, however, projects manufacturing PMI to fall to 49.9 amid a correction in commodity prices, which dampened business sentiment and corporate profit outlook, the Wall Street Journal reported citing Senior Rates Strategist Jennifer Kusuma.Westpac Economics sees manufacturing activity as broadly stable, alongside a focus on domestic demand for services.Other key indicators due Friday are South Korea's industrial output and retail sales data for June, as well as Singapore's business confidence report for the second quarter.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Manipal Health Enterprises Seeks INR92.8 Billion in IPO

Manipal Health Enterprises, which operates the Manipal Hospitals chain, has launched its initial public offering, seeking to raise around 92.8 billion Indian rupees at a price band of 560 to 590 rupees per share, according to its red herring prospectus filed on Friday.The IPO comprises a fresh issue of shares worth 80 billion rupees and an offer for sale (OFS) of up to 21.6 million shares, valued at roughly 12.8 billion rupees at the upper end of the price band.The issue will open for public subscription on July 29 and close on July 31, with anchor investors permitted to place bids on July 28.Promoters Imperius Healthcare Investments and Manipal Education and Medical Group India, along with investors TPG SG Magazine, Seventy Second Investment Company, Ammar, Novo Holdings Invest Asia and Phoenix Bear Investments, will sell shares through the OFS, the document showed.The company plans to use 55.5 billion rupees of the fresh issue proceeds to redeem the outstanding non-convertible debentures issued by its subsidiary, Manipal Hospitals.It also plans to deploy 5.74 billion rupees to acquire a minority stake in step-down subsidiary Sahyadri Hospitals, while the remaining amount will be used for general corporate purposes.

^BSENifty 50
International

India's Services Activity Slows in July, Flash PMI Shows

Services activity in India eased in July, with the HSBC Flash India Services Purchasing Managers' Index (PMI) falling to 53.1 from 57.4 in the previous month, according to preliminary data compiled by S&P Global and released on Friday.The reading missed the 59 forecast tracked by Trading Economics. A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.The latest performance was driven primarily by increasingly challenging market conditions, competitive pressures, order cancellations, reduced client inquiries and shortages of key raw materials.

^BSENifty 50
International

India's Private-Sector Expansion Slows to Four-Year Low in July, Flash PMI Shows

Business activity across India's private sector expanded in July, with the HSBC India Composite Purchasing Managers' Index (PMI) falling to 54.3 from 57.1 in the previous month, according to flash data compiled by S&P Global and released on Friday.The reading remained well above the 50 mark that separates expansion from contraction.The moderation was driven by a sharp slowdown in the services sector amid challenging market conditions, competitive pressures, order cancellations, weaker client inquiries and shortages of key raw materials.The manufacturing PMI, released the same day, eased to 53.9 from 54.2 the previous month, while the services PMI business activity index declined to 53.1 from 57.4 in June.The manufacturing output index rose to 57 from 56.3.

^BSENifty 50
International

India's Manufacturing Activity Slows in July, Flash PMI Shows

Manufacturing activity in India contracted in July, with the HSBC Flash India Manufacturing PMI falling to 53.9 from 54.2 the previous month, according to preliminary data from S&P Global released on Friday.A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.The latest performance signals a "below-trend improvement in overall factory conditions," the report said.

^BSENifty 50
International

Trump Administration Slaps Up to 12.5% Tariffs on 60 Nations Over Forced Labor Concerns

US President Donald Trump's administration on Thursday imposed new tariffs of up to 12.5% on South Korea, Japan and 58 other trading partners over forced labor concerns.The imposition of tariffs followed Section 301 investigations into whether these economies fail to prohibit or enforce a ban on imports made with forced labor, according to White House statement on Thursday.Japan, South Korea, and Switzerland face a net 12.5% cap, meaning their effective tariffs are reduced by their existing Most-Favored Nation (MFN) duties.Australia and China will face a straight 12.5% tariff on all goods while Taiwan and the European Union will see tariffs capped at a net 10% (the difference between the MFN rate and 10%).Southeast Asian nations received mixed treatment: Malaysia, Indonesia India, and Bangladesh were assigned a 10% tariff with additional textile tariff-rate quotas (TRQs) to encourage U.S. cotton and textile imports, while the Philippines, Singapore, Thailand, and Vietnam were lumped into the 12.5% category.There is a proposed 10% tariff on goods from economies that have a forced labor import ban in place but are not yet effectively enforcing it.The six economies falling into this category are Canada, Ecuador, the European Union, Indonesia, Mexico, and Pakistan.

ASX 200^BSEHang SengFTSE Bursa Malaysia KLCI^KOSDAQ^KOSPINikkei 225Nifty 50^SETShanghai Composite^STI^SZSETaiwan Weighted
International

India's Central Bank Sold $6.1 Billion in Forex Market in May, Data Shows

The Reserve Bank of India sold a net $6.10 billion in the foreign exchange market in May, down from net sales of $8.94 billion in April, according to data released in the central bank's bulletin on Wednesday.It purchased $22.2 billion and sold $28.3 billion in the spot foreign exchange market during the month.The central bank's outstanding net forward dollar sales widened to $106.7 billion at the end of May from $95.3 billion at the end of April.

^BSENifty 50
Asia

S&P Says Currency Depreciation Has Mixed Impact on Asian Corporates

Asian corporates will face mixed effects from currency depreciation, S&P Global Ratings said Wednesday.Exporters will see gains from weaker currencies while importers are pressured by their inability to pass on greater costs, the rating agency said.India, Indonesia, Japan and South Korea have experienced weaker local currencies, but S&P said most rated companies should be able to manage the risks.However, some issuers show greater vulnerability to depreciation amid mismatches in operational and financing foreign exchange, S&P analyst Simon Wong said.Firms that mostly use domestic revenue and cash flow to anchor notable amounts of US dollar debt are subject to greater refinancing risk under steep depreciations, the analyst said.Still, S&P views companies as stronger compared to past instances of depreciation, given natural or financing hedging of foreign currency debts, manageable volume of maturing US dollar notes, and less dependence on US dollar borrowing.

^BSE^JKSE^KOSDAQKOSPINikkei 225Nifty 50
Asia

India Top Diplomat Pushes China to Address Fair Market Access, Trade Balance

Indian Foreign Minister Subrahmanyam Jaishankar told Chinese counterpart Wang Yi to address fair market access and trade balance during a meeting in Manila, Philippines, on Wednesday."Fair market access and a trade balance ranks high in that regard There are also concerns about predictability of supply chains. Facilitating both official and people-to-people exchanges merit our attention," Jaishankar said in his opening remarks at the sidelines of the ASEAN Post-Ministerial Conference in the Philippine capital.The statement comes as both nuclear powers try to mend ties after clashes on their borders erupted in 2020, according to a Reuters report the same day.Both Prime Minister Narendra Modi and Chinese President Xi Jinping held talks that helped improve relations between New Delhi and Beijing in 2024, according to the newswire.

^BSENifty 50Shanghai Composite^SZSE
International

India's Central Bank Proposes Overhaul of Foreign Investment Rules

The Reserve Bank of India (RBI) released draft regulations proposing an overhaul of the country's foreign investment rules to simplify compliance and align forex laws with national investment policy.Under the proposed rules, an Indian entity would be considered foreign-controlled if a foreign investor holds at least 10% of its voting rights, can appoint a majority of its directors, or can influence management or policy decisions.The RBI said the draft was prepared following a government-led review announced in the Union Budget 2026-27.Comments on the proposed rules are invited until Aug. 31, after which the framework will be finalized.

^BSENifty 50

Showing 1-20 of 251

Track with the FINWIRES app suite