FINANCIAL SERVICES TECHNOLOGY
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 25%
Are you looking at the Nifty to figure out whether to be bullish or bearish? If yes, cast your eye back to the day last year when the big correction started. Did all stocks start falling only after September 26, 2024, the day the indices peaked? No. Several stocks across segments began declining much before that day. The lesson: Focus on companies where the broader picture of growth is intact. And let the Nifty do what it is doing. Focus on the management, a key driver of earnings. Also, because GST rationalisation will likely impact earnings in a positive way, it is probably a good time to keep scepticism aside, but with conditions.
Indian conglomerates step up sustainability goals amid rising climate risks
Indian conglomerates including L&T, Vedanta, RPG Group and Zensar are accelerating sustainability efforts amid rising climate risks. L&T launched a Green Campus initiative, cut emissions with biogas, and is targeting zero-waste facilities. Vedanta tied ESG goals to business performance and incentives. RPG’s CEAT and KEC introduced eco-friendly products and digital substations. Raychem RPG and Zensar invested in carbon offsets and solar projects.
Can this American bill topple India's showpiece industry?
The proposed US HIRE Act threatens India’s $250bn IT sector, targeting outsourcing with a 25% tax on payments to foreign firms. While still unlikely to pass, it signals rising protectionism and populist rhetoric under Trump-aligned Republicans. Indian IT services and GCCs, heavily dependent on US clients, face real risks, prompting a need for market diversification and domestic growth.
Cos reset sustainability goals amid extreme weather surge
Indian conglomerates like L&T, RPG Group, and Vedanta are intensifying sustainability efforts due to increased extreme weather events. These initiatives include reducing carbon emissions, promoting renewable energy, and implementing ESG metrics into business goals. Companies are also focusing on waste reduction, biodiversity restoration, and employee training in climate mitigation.
India, Israel to sign bilateral investment treaty this week
Israeli Finance Minister Bezalel Smotrich's upcoming visit to India aims to strengthen economic ties, with the signing of a bilateral investment treaty (BIT) expected. This BIT seeks to protect investors and boost confidence through assured treatment and dispute resolution. Discussions will also lay the groundwork for a free trade agreement (FTA) to further enhance trade between the two nations.
Nilachal Carbo Metalicks IPO: Check GMP, price band and other details
Nilachal Carbo Metalicks launched its Rs 56.10 crore IPO today, closing on September 11 and listing on BSE SME on September 16. The IPO offers 66 lakh shares at Rs 85 each, with a lot size of 3,200 shares for retail investors. The company will use the funds for expansion and modernization.
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Vande Bharat sleeper may debut from Delhi
Indian Railways is set to launch its first Vande Bharat Sleeper service from Delhi, covering approximately 1,000 km to destinations like Ahmedabad, Bhopal, and Patna via Varanasi. These 24-car sleeper trains, designed for overnight journeys, can reach a maximum speed of 180 km/h.
General counsels step up as strategic leaders in India Inc
The role of general counsel in corporate India is evolving beyond traditional legal functions. Lawyers are increasingly taking on operational mandates, becoming business unit heads, COOs, and CEOs. This shift reflects a growing recognition of legal expertise as central to business strategy, driven by complex regulations and risk management needs.
Dividend yield: Stock traders can use it differently to distinguish between the probability & possibility of making money
Dividend yield is not just an investor’s tool. At certain points in the market, it becomes just as relevant – sometimes even more so – for traders. Yes, traders. Now, why would dividend yield, of all things, act like a support line? The explanation lies in market memory and psychology. Around a certain level of dividend yield, value-oriented funds begin to step in because the price suddenly offers the comfort of an income stock. Momentum traders see valuation support and a floor building underneath the price. Options desks recalibrate, as downside looks limited and covered calls turn attractive. Each group is reacting to its own cues, but collectively they create the reflexive bounce that turns weakness into opportunity for traders.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
Who will make the most money from AI? Facebook executive turned venture capitalist Chamath Palihapitiya’s fascinating prediction resurfaces
Venture capitalist Chamath Palihapitiya’s 2023 iConnections talk has resurfaced, drawing attention to who will profit most from AI. Comparing AI to refrigeration, he suggested that while many can build similar models, true wealth will come to companies that find unique ways to leverage the technology. Founder of Social Capital and former Facebook executive, Palihapitiya highlights that innovation and strategic application, rather than invention alone, will shape the next generation of industry giants.
Turtlemint Fintech Solutions files confidential DRHP with SEBI
Turtlemint, an insurtech firm, has submitted IPO papers to Sebi. The company will use the confidential pre-filing route. ICICI Securities and Jefferies India are among the lead bankers. Dhirendra Mahyavanshi and Anand Prabhudesai founded Turtlemint in 2015. The platform simplifies insurance policy purchase. Turtlemint has sold 1.6 crore policies. Several other firms have also opted for confidential filings recently.
Urban Company IPO risks explained: 12 warnings on operations, regulations and valuation
Urban Company's upcoming IPO, opening September 10, carries inherent risks for investors. The Red Herring Prospectus highlights concerns including sustained losses, intense competition, and high marketing costs. Dependency on gig workers, legal and regulatory challenges, and potential data security breaches also pose threats. Furthermore, reliance on limited service categories and geographic concentration could impact business.
From Wall Street to student street: How Nikkhil Mudgal is democratising global education finance
Nikkhil Mudgal, witnessing financial disparities, founded Lorien Finance to democratize global education. The New York-based fintech platform offers a full-stack ecosystem, integrating lending with essential support services like visa guidance and AI-powered counseling. Lorien has facilitated over $3 billion in lending, empowering students from underserved markets to pursue STEM and healthcare careers, fueling innovation and economic growth.
US AI giant Anthropic bars Chinese-owned entities from services
This update prohibits companies or organizations whose ownership structures subject them to control from jurisdictions where our products are not permitted, like China, regardless of where they operate, the company said in a statement.
‘Intermediary’ clause removal unlocks export benefits for IT services, GCCs
India's outsourcing and technology support services, including GCCs, receive a major boost as the GST Council removes the location provision for intermediary services, resolving a decade-long dispute. This omission eases compliance, unlocks working capital, and reduces litigation for IT, ITeS, and e-commerce companies. The move enhances the global competitiveness of Indian service providers by allowing them to claim export benefits.
GST 2.0: What’s next for businesses and what can India Inc do?
The GST Council's recent announcements focus on rate consolidation, trade facilitation, and improved consumer ease. Rate reductions on B2C products aim to boost affordability, while input rate cuts for solar, textiles, and fertilizers correct inverted duty structures. The removal of the 'intermediary' provision simplifies export regulations.
FlexLeaze aims for Rs 150–175 crore revenue by FY25–26 with innovative asset leasing solutions
FlexLeaze, offering fitout-as-a-service and asset leasing, aims for ₹150–175 crore revenue by FY26, driven by multinational clients and expanding into warehousing and IT hardware. By converting fixed costs into operational models, FlexLeaze enables businesses to scale efficiently. Integrating design, build, and lease financing, they simplify infrastructure delivery.
Injeti Srinivas likely to be appointed NSE chairman
NSE is poised to appoint Injeti Srinivas, former IFSCA chairman, as its new chairman, pending Sebi's approval, filling a two-year vacancy. Srinivas, already a public interest director on the NSE board, brings extensive experience, including his role in implementing the IBC. This move occurs as NSE prepares for its IPO and strengthens its board structure.
Urban Company bets on quick service Insta Help as a growth driver
Urban Company is betting on its new Insta Help service, which offers quick access to trained house-helps, to boost user engagement and repeat usage. Currently available in select cities, Insta Help aims to fulfill service requests within 15-30 minutes, targeting situations where regular help is unavailable. This launch occurs amidst growing investment in the quick house-help sector.
TBO to acquire US luxury travel firm Classic Vacations for $125 million
TBO, a Gurugram-based travel distribution company, has agreed to acquire Classic Vacations from The Najafi Companies for $125 million. This acquisition combines TBO’s technology platform with Classic Vacations’ luxury travel advisor network. Classic Vacations reported $111 million in revenue and $11.2 million in operating EBITDA for the fiscal year ending December 31, 2024.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
TCS shares in focus after €550 million digital transformation deal with Tryg
TCS shares: TCS inks €550 mn, 7-year deal with Scandinavia’s Tryg to drive digital transformation across Denmark, Sweden and Norway.
Austere Systems IPO opens today with 8% GMP. Check issue size, price band and other details
Austere Systems, an IT company, launches its IPO on Wednesday. The IPO aims to raise Rs 15.57 crore. It has already generated significant interest in the grey market. The IPO will remain open until September 8. Allotment is expected the following day. Listing on the BSE SME platform is tentatively scheduled for September 11.
Figr IPO: FIGURE eyes $4.1B valuation with 22% revenue surge — is fintech’s next big breakout here?
FIGURE is making waves as it gears up for its highly anticipated IPO, aiming for a $4.1 billion valuation. The blockchain-backed lender has turned profitable, posting $29 million in net earnings and a 22% revenue jump in the first half of 2025. With 26.3 million shares on offer, FIGURE’s Nasdaq debut under ticker FIGR is set to attract major attention from investors looking for the next big fintech breakout.
Next-gen GST reforms will set economy open and transparent, says Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman announced next generation GST reforms. These reforms aim to create an open and transparent economy. The reforms will reduce compliance burdens and benefit small businesses. PM Modi announced a task force to simplify regulations. Banks are urged to expand credit and support infrastructure development.
Lending platform LenDenClub posts Rs 34 crore FY25 profit; revenue rises to Rs 236 crore
In a statement, the company said the company has expanded its scope of operations over the last two years from core P2P lending to newer business verticals, loan service provider (LSP) operations, and technology service provider (TSP) offerings. The technology platform business contributed 20% of the group's revenue, it added
ET Startup Awards 2025 | Urban Company brings it home, bags top honours
The 10-member jury, chaired by Amitabh Kant, India’s former G20 Sherpa, recognised Urban Company’s scale, category leadership and ability to create a trusted brand in one of India’s most unorganised and toughest sectors. Urban Company, founded by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra in 2014, joins a list of eminent winners of the top prize, including Lenskart, Zomato, OfBusiness, Razorpay, Delhivery and Swiggy.
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