INDIA PRIVATE SECTOR ACTIVITY
Karnataka CM Siddaramaiah urges PM to introduce quota in private sector
Karnataka Chief Minister Siddaramaiah requested Prime Minister Narendra Modi to implement a quota system in the private sector. He also advocated for the removal of the 50% reservation cap through constitutional amendment. AICC president Mallikarjun Kharge criticized the central government's allocation of funds for caste enumeration. He deemed the allocated amount insufficient for a comprehensive enumeration, even in Uttar Pradesh.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 12.5 points up at 24346.7
Stock market update: Sugar stocks down as market rises
The 30-share BSE Sensex closed up 259.75 points at 80501.99
Stock market update: FMCG stocks down as market rises
The 30-share BSE Sensex closed up 259.75 points at 80501.99
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 259.75 points at 80501.99
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 259.75 points at 80501.99
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Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 259.75 points at 80501.99
Funding is no longer a major issue for startups in India: Paytm’s Vijay Shekhar Sharma
Paytm's Vijay Shekhar Sharma believes funding is no longer a major hurdle for Indian startups, highlighting the ecosystem's recovery and improved talent pool. He emphasised the importance of AI and urged startups to focus on advanced sectors like semiconductors and robotics. Sharma envisions India creating a globally impactful AI product with a unique differentiating factor.
Only 3 foreign manufacturing cos set up shop in India in FY25
Despite government initiatives to boost domestic manufacturing, only three foreign manufacturing companies established operations in India during fiscal year 2024-25, according to Ministry of Corporate Affairs data. This contrasts with 53 foreign companies in the services sector. The number of active foreign companies in India has also declined since 2019.
US private sector hiring cools sharply amid tariff uncertainty
US private sector hiring experienced a significant slowdown in April, with only 62,000 jobs added, according to ADP data. This figure fell considerably short of market expectations, reflecting employer unease amid policy and consumer uncertainty, particularly surrounding President Trump's tariff implementations. Several sectors, including education, health services, and information, witnessed job losses during the period.
SGRE Fund raises Rs 450 crore, invested Rs 125 crore across two real estate projects
SGRE Fund has secured Rs 450 crore to invest in real estate projects across India, already allocating Rs 125 crore to two stalled projects in Noida. Managed by Nirala World and Sea Fund promoters, it aims to raise up to Rs 2,000 crore, providing crucial financing to struggling real estate companies.
India, Pakistan hackers trade codes & command in digital firefight
Rising tensions between India and Pakistan since last week’s Pahalgam terror attack have spilled over into cyberspace, with multiple groups on either side engaging in hacking and cyberattacks. Indian officials said they have thwarted multiple attacks from Pakistan over the last few days.
U.S economy in dire straits? Housing market roiled as mortgage demand drops and hiring slows
US housing market faces headwinds as mortgage applications decline amid economic uncertainty and a weakening labor market. Despite relatively flat mortgage rates, consumer confidence is dampened, leading to subdued home purchase activity. Refinancing also slows, with borrowers awaiting more significant rate drops, while concerns rise over slower wage growth and its impact on hiring decisions.
Private sector pushes ahead with capex plans despite headwinds: Govt Survey
A statistics ministry survey reveals that approximately 30% of private companies intend to upgrade their facilities in FY25, driving significant capital expenditure despite economic headwinds. While intended capex for 2025-26 is slightly lower, it remains above 2023-24 levels, indicating cautious optimism and strategic investment planning amidst improving economic conditions.
These 11 banking stocks can give more than 27% returns in 1 year market, according to analysts
Every sector has a key element and it is important to look at it if you are investing in that sector. In the case of banking, it is NPAs, or non-performing assets. Why the abbreviation before the full form? We react to news before understanding it. News is the abbreviation whose meaning becomes clear only on closer examination. So, while looking at the Q4 numbers of banks, it is important to look at NPAs. But there is another number which is equally important: Credit growth. It is likely to remain muted. And that in itself is not a bad sign. Asset quality is good and stays that way if NPA numbers are stable and the books are reliable.
Indian banks largely unprepared for climate-related financial risks, warns report
A recent report by Climate Risk Horizons reveals that Indian banks are largely unprepared to integrate climate-related risks into their operations, despite growing financial stability concerns. While some banks have made progress in emissions disclosure and climate risk management, most lack comprehensive climate strategies and green finance portfolios.
India’s private capex likely grew by 66% from FY22 to FY25
Private sector capital expenditure is projected to surge by 66.3% to Rs 6.6 lakh crore in FY25, marking a peak between FY22 and FY26. While a slight dip to Rs 4.9 lakh crore is expected in FY26, corporate confidence remains high with manufacturing leading investments at 43.8%. This growth is driven by income generation and upgradation plans, despite economic challenges.
MoF flags global uncertainty as risk to India's FY26 growth
The finance ministry has cautioned that global uncertainties pose a risk to India's FY26 growth, potentially delaying private sector investment. The ministry emphasised the need for proactive measures to foster a cycle of investment and growth.
What’s behind the CEO resignations in India’s private sector banks?
Several private sector bank CEOs, including those from Yes Bank, RBL Bank, Bandhan Bank, and Tamilnad Mercantile Bank, have resigned amidst controversies. These exits stemmed from issues like underreported NPAs, governance lapses, regulatory scrutiny, and forensic audits. The RBI's intervention and subsequent leadership changes highlight ongoing challenges in maintaining stability and governance within the private banking sector.
Inglorious exits of some private sector bank chiefs
Several private sector bank CEOs, including those from Yes Bank, RBL Bank, Bandhan Bank, and Tamilnad Mercantile Bank, have recently resigned amidst controversies. These exits stem from issues like mismanagement, corporate governance failures, regulatory scrutiny, and underreporting of NPAs. The RBI's intervention and forensic audits highlight the challenges faced by these institutions and the subsequent leadership changes.
Private sector capex likely to dip 25% to Rs 4.88 lakh crore in FY26: Govt survey
A government survey projects a 25% decline in private corporate sector capital expenditure to Rs 4.88 lakh crore in 2025-26. While capex intentions show caution, overall investment increased by 23.9% from 2021-22 for a fixed panel of enterprises. Manufacturing leads in gross fixed assets, with machinery and equipment dominating 2024-25 spending.
India ranks among top IPO markets with $2.8 billion raised in Q1 2025: EY Report
India captured 22% of global IPO activity in Q1 2025 with 62 listings raising $2.8 billion, led by Hexaware’s $1 billion issue. Despite a 20% year-over-year decline, investor confidence remains strong, bolstered by record M&A deals and sectoral diversity across IPO offerings.
Indian economy stable & resilient in the face of tariff-related uncertainties: Finance Ministry
India’s economy remains stable and resilient despite global uncertainties, according to the Finance Ministry’s March review. Key indicators like higher GST collections and E-way bill generation in Q4 FY25 point to steady growth.
Indian states are in a race to board space-tech wagon
This competition is likely to drive investments and create specialised hubs, according to Indian National Space Promotion and Authorisation Centre (In-SPACe), the nodal agency to promote private investment in the space industry, and startups that ET spoke with.
NITI Aayog reviews role of central, state electricity regulators
India is set to overhaul its power sector regulations, prompted by NITI Aayog's study on the effectiveness of electricity regulatory commissions (ERCs). The study aims to strengthen these institutions to handle the evolving electricity landscape, including new market entrants and technologies.
IN-SPACe launches SBaaS, to boost private sector payload opportunities
IN-SPACe, the commercial arm of ISRO, has launched the Satellite Bus as a Service (SBaaS) initiative to encourage private sector involvement in satellite development. The program seeks to create modular small satellite platforms by Indian entities for payload applications. This model will ease access to flight-ready platforms, boost innovation, and expand India's space capabilities.
April private sector activity at 8-month high
India's private sector experienced a significant surge in activity, reaching an eight-month high of 60 in April, fueled by a sharp increase in new export orders. The HSBC survey indicates robust growth in both manufacturing and services, with export orders growing at their fastest pace since September 2014.
Megha Engineering receives India’s first private sector nuclear power order
Megha Engineering & Infrastructure Ltd. (MEIL) has secured a significant Rs 12,800 crore order from NPCIL to build two 700 MW nuclear reactors in Karnataka. This marks MEIL's entry into the nuclear energy sector and is the largest order ever placed by NPCIL, notably awarded to a private company. The project was awarded using the Quality-cum-Cost-Based Selection method.
Pharma & healthcare deals see shifting focus on scalable, global models: Grant Thornton Bharat
India's pharma and healthcare sector demonstrates resilient investor interest, marked by a 34% year-on-year increase in deal volumes and a 326% surge in values for Q1 2025. Despite a slight quarterly dip due to macroeconomic factors, high-value deals are on the rise, particularly in M&A and PE activity, signaling confidence in scalable models and strategic acquisitions.
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