Infosys share buyback begins: Should you participate in Rs 18,000 crore offer at 17% premium?
INDIA MARKET | Thu, 20 Nov 2025, 8:56AM IST
Infosys' Rs 18,000 crore share buyback, offering a 17% premium, opened today, closing November 26. Experts see it as a psychological floor for long-term investors and a profit-booking opportunity, signaling management confidence amid uncertain IT demand. While providing modest financial metric boosts, its impact is incremental, not transformative.
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Tech euphoria returns? Nvidias blowout earnings ignite global tech stocks, D-St braces for surge
INDIA MARKET | Thu, 20 Nov 2025, 8:56AM IST
Nvidias stunning quarterly performance sent a wave of relief through global markets. Analysts said the chipmakers powerful guidance restored confidence in the broader AI ecosystem, even as they warned that sentiment could reverse if future growth fails to keep pace. Indian equities, buoyed by IT strength and an upcoming Rs 18,000 crore Infosys buyback, are expected to mirror the global rebound as investors position for a tech-driven session on Dalal Street.
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Sula Vineyards shares in focus as ICRA revises outlook to negative
INDIA MARKET | Thu, 20 Nov 2025, 8:55AM IST
Sula Vineyards stock may see pressure after ICRA revised its outlook to negative while reaffirming key ratings. The company posted weaker Q2 results, with profit, revenue and margins declining. Management attributed the softness to Telangana market disruptions but expects H2 improvement, supported by better margins, wine tourism growth and easing inventory pressures.
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Provogue India defrauded of 90 cr, former director among 4 booked
INDIA BUSINESS | Thu, 20 Nov 2025, 8:53AM IST
The Economic Offences Wing (EOW) of the Mumbai police has booked four persons, including a former director and an ex-employee of Provogue India Ltd, for cheating the company of Rs 90 crore, officials have said.
Provogue India Ltd, based in Mumbai, manufactures and sells a wide range of products, including men's and women's apparel, accessories and luggage.
The accused persons were identified as former director of the company Rakesh Rawat, its former employee Sameer Khandelwal, resolution professional Amit Gupta, new purchaser Arpit Khandelwal, Plutus Investments and Holding Ltd and others, an official said on Wednesday.
The accused conspired and allegedly undervalued the company's assets and deliberately delayed the auction process by two years to bring down its market value so that Khandelwal could purchase the company, an official said.
The accused did not collect the receivable amounts from clients (debtors) for personal gain, he said.
A complaint in this connection was lodged
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Provogue India defrauded of Rs 90 crore
INDIA NEWS | Thu, 20 Nov 2025, 8:50AM IST
The Economic Offences Wing (EOW) of the Mumbai police has booked four persons, including a former director and an ex-employee of Provogue India Ltd, for cheating the company of Rs 90 crore, officials have said.Provogue India Ltd, based in Mumbai, manufactures and sells a wide range of products, including men's and women's apparel, accessories and luggage.The accused persons were identified as former director of the company Rakesh Rawat, its former employee Sameer Khandelwal, resolution professional Amit Gupta, new purchaser Arpit Khandelwal, Plutus Investments and Holding Ltd and others, an official said on Wednesday.The accused conspired and allegedly undervalued the company's assets and deliberately delayed the auction process by two years to bring down its market value so that Khandelwal could purchase the company, an official said.The accused did not collect the receivable amounts from clients (debtors) for personal gain, he said.A complaint in this connection was lodged by 55-year-old Nikhil Chaturvedi, a former managing director of Provogue India Ltd, he said.The offence was committed between 2018 and 2023.The accused have been booked on the charges of cheating, criminal breach of trust and criminal conspiracy, he said, adding that a probe was underway.
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Q2 earnings shows Rs 4 lakh crore-crisis may deepen in stock market's riskier corners
INDIA MARKET | Thu, 20 Nov 2025, 8:49AM IST
Recent Q2 earnings reveal a troubling trend in India's stock market. Smallcap companies are experiencing the highest number of earnings misses, leading to a substantial Rs 4 lakh crore loss in market value this year. While mid-caps and large-caps show positive growth, the riskier smallcap segment faces continued weakness.
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Gold price climbs 10 to 1,24,870; silver rises 100, trading at 1,68,100
INDIA MARKET | Thu, 20 Nov 2025, 8:47AM IST
The price of 22-carat gold also increased by 10, with ten grams of the yellow metal selling at 1,14,460
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RIL's Big Battery Bet: Why Motilal Oswal sees a new energy upside
INDIA MARKET | Thu, 20 Nov 2025, 8:45AM IST
At the middle of this optimism is RIL's first battery Giga factory in Jamnagar, slated to start operations in early calendar year 2026 (CY26) with a production capacity of 40GWh per year.
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Billionaire-backed IndusInd plans sweeping overhaul after probe
INDIA BUSINESS | Thu, 20 Nov 2025, 8:44AM IST
IndusInd Bank is set for a major restructuring. The bank aims to improve profits and address underperformance. New CEO Rajiv Anand plans to enhance efficiency and focus on artificial intelligence and retail expansion. This initiative follows a period of turbulence and a governance shakeup. The bank seeks to strengthen its balance sheet and improve its return on assets.
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Japanese bond yields surge to historic highs on yen, fiscal concerns
INDIA MARKET | Thu, 20 Nov 2025, 8:41AM IST
Japanese government bonds are experiencing a significant downturn, pushing 30-year yields to an all-time high. This slide is fueled by growing worries about Japan's fiscal health and a weakening yen. A substantial new stimulus package is on the horizon, further pressuring yields and prompting discussions about potential Bank of Japan interest rate adjustments.
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Wedding matchmaker Shaadi.com is said to consider IPO
INDIA MARKET | Thu, 20 Nov 2025, 8:39AM IST
Shaadi, a leading Indian marriage matchmaking service, is gearing up for its initial public offering. The Mumbai-based company is in early-stage discussions with investment bankers about a potential listing. This move comes as India's IPO market remains robust, with companies actively pursuing public offerings. Details regarding valuation and timing are still under consideration.
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Pakistan may regret letting the Army back in
INDIA NEWS | Thu, 20 Nov 2025, 8:38AM IST
Its usually easy to know when a country has fallen to military dictatorship. Tanks on the streets, uniforms in gilded palaces, the political class interned en masse. Sometimes, however, the takeover is more subtle, more insidious. That is what has befallen Pakistan over the past few years, culminating in a constitutional amendment last week that gave its army chief, Asim Munir, additional powers and lifelong immunity from prosecution.The establishment Pakistanis euphemism for their powerful military and the industries and organizations it controls has held a large share of power since its first decade as an independent nation. But democratic politicians have usually been arrayed in opposition, displacing it when it stumbled, such as after the country lost its eastern half, now Bangladesh, in 1971.Thats not the case now. Prime Minister Shehbaz Sharif is very conscious that he serves at Munirs pleasure, not the National Assemblys. As is his rival-turned-coalition partner in the Pakistan Peoples Party, President Asif Zardari. In recent years, they have surrendered civilians hard-won privileges back to the army, and to Munir in particular. First, the general was granted economic decision-making powers, co-chairing a special investment council with Sharif meant to oversee strategically important projects. Then he was elevated to the rank of Field Marshal, becoming only the second person in Pakistans history to hold that distinction alongside its first military dictator, Ayub Khan.Now the army chief has been raised above the leaders of the other two forces, and put in sole charge of the countrys nuclear weapons systems. As Chief of Defense Forces, the clock on Munirs tenure has been reset; instead of retiring, he will serve out a fresh five-year term in his new post.If, at the end of that time, he tells the prime minister and president that he wishes to be re-appointed, will they deny him? Given the power that they have already granted Munir, it is impossible to imagine they will.And thats the problem. Munir may have reached for power, but it is the civilian leaders who have given it to him.They might think their reasons for doing so are sensible. Zardari, who has spent years in prison already, may be so tired of prosecution that he welcomes a constitutional change that effectively confers immunity on the president as well as the defense chief. Sharif might well want to keep the military satisfied while the government goes about what he probably thinks is the far more urgent business of repairing Pakistans creaking economy. Inflation, at 38% in his first year, is now under control at around 3.6% year-on-year, and GDP is growing at 2.9% although it was negative in 2023.And both will see Munir as an ally against the danger of the unstable populist Imran Khan, a former prime minister who was first propped up by the army and then turned against them. Khans party got the most seats in the last election even though it had been crippled by its leaders imprisonment and he remains popular in large parts of the country.But none of these count as a compelling reason to so easily relinquish advantages over the establishment that civilian politicians had worked long and hard to achieve. Two decades ago, Pakistans last outright military dictator, Pervez Musharraf, had to put on civilian mufti and pretend to be a regular president. (He resigned in 2008 because he feared the democratically elected national assembly was about to impeach him.) Musharrafs successor as army chief, Ashfaq Parvez Kayani, chose to retire when he decided his time had come, declaring that he shared the general opinion that institutions and traditions are stronger than individuals and must take precedence. And by the time Munirs immediate predecessor, Qamar Javed Bajwa, retired, he was willing to admit that the army was unpopular because of its interference in politics for the last 70 years and promised that it would never do so again.At no point did Pakistans democrats completely escape the shadow of the army but institutionally and symbolically, the uniforms had begun to give way to the suits. The fear of instability, India, and Imran shouldnt have led the politicians to give up on these two decades of progress.Perhaps its been easy for the army men precisely because, this time, there have been no tanks on the streets. Munir, unlike Musharraf, is willing to share the limelight with civilians. His new prominence in affairs that shouldnt be his remit foreign affairs, economics is accompanied by a theatrical deference to the civilian authorities even as his own power increases.This is visible at international summits, most recently in Saudi Arabia, Beijing and Washington. Sharif brings him to meetings, introduces him to foreign leaders, and then the general steps back and lets the prime minister do the talking. The courtesies of civilian supremacy are punctiliously observed, while real power ebbs away or, perhaps, is handed over. Pakistans fragile democracy is damaged either way.
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Vikram Solar shares in spotlight as 3-month lock-in ends today; 93 lakh shares available to trade
INDIA MARKET | Thu, 20 Nov 2025, 8:34AM IST
Vikram Solars three-month shareholder lock-in ends today, making 93 lakh shares worth Rs 275.7 crore eligible for trade. The newly listed firm, which debuted at Rs 340, is expanding aggressively across modules, cells and BESS, and recently posted sharp profit growth, though the stock remains 27% below its post-listing high.
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Excelsoft Technologies IPO Day 2: GMP, subscription status, brokerage insights, and key highlights
INDIA MARKET | Thu, 20 Nov 2025, 8:15AM IST
Excelsoft Technologies' Rs 500-crore IPO is seeing strong investor interest, with retail and non-institutional segments oversubscribed on Day 1. The grey market premium suggests a potential listing gain. The company, a global learning and assessment SaaS provider, is raising funds for expansion. Despite robust financials, the IPO is considered aggressively priced, leading to a neutral outlook for modest listing gains.
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Godrej Properties buys 3.8-acre Bengaluru Plot, unlocks Rs 2,400-cr revenue potential
INDIA MARKET | Thu, 20 Nov 2025, 8:14AM IST
Godrej Properties (GPL) announced the acquisition of an additional 3.8-acre land parcel in South Bengaluru, unlocking an estimated Rs 2,400 crore in incremental revenue and adding 2 million sq ft of development potential to its portfolio.
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Lenovo reports a 5% fall in Q2 profit
INDIA MARKET | Thu, 20 Nov 2025, 8:09AM IST
Lenovo reported a 5% decline in its second-quarter profit, even as revenue rose to $20.5 billion, slightly above market expectations. Net profit came in at $340 million, missing analyst estimates.
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Barclays raises target, estimates 11% gain for S&P 500 by end-2026
INDIA MARKET | Thu, 20 Nov 2025, 8:06AM IST
Barclays strategists have boosted their S&P 500 year-end 2026 target to 7,400, anticipating an 11.4% rise driven by megacap tech strength and a supportive monetary and fiscal outlook. They foresee faster tech earnings growth, though acknowledge potential headwinds for other sectors due to inflation and unemployment.
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China leaves benchmark lending rates unchanged for the sixth straight month
INDIA MARKET | Thu, 20 Nov 2025, 8:03AM IST
China's central bank held key lending rates steady for the sixth month. This indicates less immediate need for monetary easing. Economic data shows a slowdown. However, a trade truce with the US has eased some pressure. Analysts expect policy adjustments to be delayed rather than abandoned.
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