Markets & Macro
Rates, flows, and the big-picture forces moving Indian finance.
Markets & MacroIndia's net FDI seen doubling to $15 billion in FY27 from $6.9 billion in FY26
CareEdge Ratings projects net FDI inflows will more than double even as gross FDI stays near record highs, as profit repatriation by foreign parents moderates.
21 Jul 20261 min read
Markets & MacroReliance Q1 FY27 profit falls 22% YoY to ₹20,946 Cr even as revenue jumps 25%
The profit decline reflects a high base from last year's one-time Asian Paints stake sale gain, not weakness in core operations, per the post's analysis.
18 Jul 20261 min read
Markets & MacroDMart's ₹2,927 Cr profit vs Zepto's ₹3,367 Cr loss: the FY25 numbers ahead of IPO season
As quick-commerce IPO buzz builds, FY25 financials show DMart, Zepto and Blinkit are optimizing for very different outcomes — profit versus market share.
17 Jul 20261 min read
Markets & MacroPrivate insurers grow 2.7× faster than LIC in Q1, capturing momentum in India's ₹1.09 lakh crore market
While LIC maintains 60% market share, private players' 27.5% growth versus LIC's 10.3% signals a structural shift in how Indians buy life insurance.
10 Jul 20261 min read
Markets & MacroReliance's ₹95,754 crore profit signals Indian corporates reaching global scale
RIL's FY26 net profit of $10.1 billion makes it India's most profitable listed company, ahead of SBI and HDFC Bank, marking a shift in how Indian corporations compete globally.
9 Jul 20261 min read
Markets & MacroManipal Hospitals nears record IPO after revenue jumps 70% to ₹8,242 Cr in FY25
Seven acquisitions in five years, including Columbia Asia, AMRI and Sahyadri, underpin a targeted $10 billion valuation for India's largest healthcare listing.
3 Jul 20261 min read
Markets & MacroSBI Cards tops May acquisition race as Indian credit card issuance hits 120 Cr milestone
The RBI's latest data shows a widening gap: banks are issuing cards 34% faster year-on-year, but spending growth has slowed to just 6.3%, signalling a potential shift in consumer borrowing behaviour.
27 Jun 20261 min read
Markets & MacroPrivate sector capex surges to 71.3% of new projects post-COVID, reshaping India's growth
Bank of Baroda data shows private companies now drive infrastructure investment far more than government, with ₹191 lakh crore announced across green energy, EVs, logistics and data centers.
23 Jun 20261 min read
Markets & MacroJio Platforms IPO set to raise ₹35,000-40,000 Cr, topping Hyundai's ₹27,870 Cr record
A fully fresh-issue listing, backed by ₹30,000 Cr FY26 net profit and 51.9% EBITDA margins, is set to become India's largest IPO.
22 Jun 20261 min read
Markets & MacroSBI Chairman challenges 'PSB discount' as valuation gap persists
State Bank of India's Chairman C.S. Setty has publicly contested the persistent market undervaluation of public sector banks, arguing SBI's operational turnaround and subsidiary strength are not reflected in its stock price.
22 Jun 20262 min read
Markets & MacroBanks racing to lock $40 billion in foreign deposits via FCNR rate spike
PNB and Ujjivan SFB have sharply raised USD deposit yields to attract NRI capital, part of an RBI-backed strategy to plug the current account deficit and shore up forex reserves.
13 Jun 20261 min read
Markets & MacroIndian insurance to grow 10.7% annually, outpacing GDP through 2036
The Allianz Global Insurance Report 2026 projects sustained expansion driven by low penetration at 3.8% of GDP and rising middle-class incomes. Health insurance emerges as the fastest-growing segment.
6 Jun 20261 min read
Markets & Macro₹8,250 Cr real estate fund anchored by Abu Dhabi and Korea opens door for East Asian capital
ADIA and South Korea's National Pension Service closed a $1 billion fund for Indian residential and commercial real estate, marking NPS Korea's first bet on Indian alternatives.
5 Jun 20261 min read
Markets & MacroUrban inflation outpaces salary growth 2.4x; education costs surge nearly 4x
Indian salaries have doubled since 2016, but housing, fuel, and schooling have climbed faster, squeezing middle-class discretionary income and forcing a rethink of savings strategy.
2 Jun 20261 min read
Markets & MacroPremier Energies founders sell ₹2,291 Cr stake as sovereign wealth buyers step in
Founders of India's solar manufacturer offloaded massive stock in a single block deal, but institutional demand kept shares afloat—signaling institutional appetite for renewable energy plays.
27 May 20261 min read
Markets & MacroRBI explores state-bank dollar bonds as rupee defence shifts beyond intervention
The central bank is considering foreign-currency bond issuance by PSU banks to attract dollar inflows, signalling a pivot from reserve-depletion tactics to sustainable balance-of-payments management.
6 May 20261 min read
Markets & MacroGoogle invests $15bn in Visakhapatnam AI data centre, scales to 5 GW capacity
Google's groundbreaking investment in Andhra Pradesh positions India as a core market for hyperscale AI infrastructure and cloud workloads, with major implications for India's digital economy.
28 Apr 20261 min read
Markets & MacroIndia-EU trade deal covers 2 billion people, eliminates tariffs on ₹33 billion in exports
The largest bilateral agreement either side has signed removes duties on textiles, leather, pharma and gems, and is expected to come into force by end of 2026.
29 Jan 20261 min read
Markets & MacroAdani Green posts 47.5% EBITDA jump on 48% capacity expansion
Q3 FY26 results show India's renewable leader scaling fast, with revenue up 30% and energy sales growth of 37% in nine months.
23 Jan 20261 min read
Markets & MacroIndia's economy grows 7.2%, World Bank sees 6.5% next year on tariff headwinds
Strong domestic demand is keeping growth steady despite global trade pressures. The outlook shifts slightly downward in 2026 as US tariffs weigh on exports.
14 Jan 20261 min read
Markets & MacroGold and silver end 2025 volatile after record rallies; Goldman Sachs targets $4,900/oz for gold
Precious metals retreated on December 31 as investors booked profits, though both assets posted triple-digit gains for the year. Analysts forecast further upside in 2026 as central bank demand and geopolitical uncertainty persist.
31 Dec 20251 min read
Markets & MacroSBI raises $1B in dollar bonds at record-tight pricing post sovereign upgrade
State Bank of India scaled its five-year bond issue to $1 billion on the back of India's first sovereign rating upgrade in 18 years, achieving its tightest-ever overseas borrowing terms.
3 Sept 20251 min read
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