BUSINESS
Indian equities not in ‘bubble zone’ as earnings catch up, says Kotak's Shripal Shah
Kotak Securities expects a sharper earnings recovery in FY26 after six quarters of subdued growth
BUSINESS
IndiGo’s operational meltdown triggers mixed analyst calls; governance red flags widen after FDTL exemption
Market watchers expect IndiGo to return to full schedules by mid-December, but argue that restoring credibility, internally and with regulators, will take far longer.
BUSINESS
Kaynes Tech to change auditor as it admits to reporting lapse, clarifies goodwill and receivables
Kaynes expects the smart-meter receivable overhang to ease by H2 FY26 and cash flows to strengthen as its EMS-led order book ramps. But with the stock still trading at premium multiples, analysts caution the company may face a longer sentiment overhang.
BUSINESS
SEBI to ‘bring consistency’ after admitting gaps in live market data norms for educators
Pandey was speaking at the pilot launch of PaRRVA (Past Risk and Return Verification Agency), a first-of-its-kind global framework designed to independently verify performance metrics of investment advisers, research analysts and trading members
INDIA
GIFT City growth over September 2024 to 2025 majorly led by depth not breadth, reveals data in HSBC-EY’s latest report
While data shows FMEs doubling, total schemes and fund commitments tripling, the limelight was stolen by the ten-fold increase in trade finance transactions.
BUSINESS
Portfolio Management Services' growth remains slow in Oct with EPFO allocations doing the heavy-lifting; HNIs missing in action
SBI and UTI alone account for most of the month’s AUM rise; analysts say HNI money hasn’t returned and the rebound is 'optical, not structural'
BUSINESS
Ads to drive Meesho’s next leg of margin expansion, says management ahead of IPO
The company, which has built its model around ultra-affordable, unbranded commerce, highlighted that order volumes grew 52% and normalized NMV rose 44% in H1FY26.
BUSINESS
A week after flagging a brutal September collapse, PMS flows roar back in October with an 18x surge
Total PMS AUM grew 1.3% month-on-month to Rs 41 lakh crore, a modest rise that emphasises how October’s momentum stemmed from real money rather than mark-to-market optics.
BUSINESS
Secondary market supply nears Rs 3 lakh crore in FY26, overshadowing IPO fundraising
Promoter stake sales, PE exits and rising PSU divestments have pushed secondary supply far ahead of fresh capital formation, raising questions about liquidity absorption even as domestic flows remain strong.
BUSINESS
Low promoter skin in the game emerges as a quiet governance worry in India’s crowded IPO pipeline
As India’s listing pipeline bulges again, more than 130 companies are queued up through 2026, fund managers say a subtler governance question is surfacing underneath the rush: how much skin do promoters really have in the game?
BUSINESS
Investors chasing ‘earnings’ set for big mistakes, says Ikigai's Pankaj Tibrewal
The IKIGAI Capital founder sees valuation momentum running ahead of fundamentals as companies raise debt to fund growth that isn’t backed by real cash flows
BUSINESS
Top 10 Portfolio Management Strategies for the month of October
Sundaram Alternates’ Rising Stars emerged as the strongest performer with 10.5% gains
BUSINESS
PMS flows see sharpest monthly collapse of FY26 as HNIs turn cautious; derivatives, discretionary mandates take the biggest hit
Net inflows plunged 92% in September as wealthy investors booked profits, cut equity exposure, unwound derivative bets and diverted money overseas, even as AUM hit a new peak on market gains and EPFO support.
BUSINESS
PMS investors pile into pre-IPO bets as unlisted equity surges 63% in a month
A booming IPO market, strong listing gains and SEBI’s curbs on mutual funds’ pre-IPO placements are driving PMS and AIF managers deeper into private-market deals, turning unlisted equity into the industry’s fastest-rising allocation.
BUSINESS
IFSCA tightens scrutiny on GIFT City AIFs; FIF freeze pushes family offices toward GAP-licensed proprietary entities
A stalled FIF regime and rising regulatory checks on single-family AIF structures are driving ultra-rich families to explore GAP-licensed proprietary brokerage routes for overseas investing
BUSINESS
CLSA turns 'defensive bullish' on India but warns a flood of IPOs could disrupt market's delicate balance
CLSA's Vikas Jain says India’s downside is limited as macro prints surprise and tariff fears ease, yet a supply deluge from IPOs, PE exits and MNC listings could test market absorption.
BUSINESS
India is an ‘AI Loser’ in global flows; foreign buying may not return until AI bubble bursts: Pankaj Tibrewal
There's an extreme AI concentration across select regions, Tibrewal says, and that has made global funds unwilling to diversify; not because India lacks fundamentals but because the world is trapped in a 'once-in-a-generation momentum vortex'
BUSINESS
Aequitas flags India’s ‘growth versus gravity’ moment as rupee falls and deficits widen
As the rupee hits record lows and deficits swell, Siddhartha Bhaiya cautions that ambition is running ahead of arithmetic — prompting Aequitas to stay defensive and diversify globally.
BUSINESS
PMS industry points at onboarding woes, threshold limits behind slow growth in meeting with Sebi chairman
PMS assets have exceeded Rs 40 lakh crore, but they are concentrated among a few large players, the association said, adding that operational friction is a key bottleneck despite the investor appetite.
BUSINESS
Corporates' new cost of capital: Climate stress testing earnings visibilitya
Ambit Asset Management’s latest note says climate shocks are increasingly shaping balance sheets. This puts climate-sensitive sectors under review - autos, FMCG, agri-inputs and cement.
BUSINESS
Market rally narrows as liquidity chases fewer stocks; ASK warns of fragile breadth behind India’s outperformance
Even as benchmark indices hit record highs, ASK Investment Managers flags that just 26 stocks drove 60% of the BSE 500’s Rs18-trillion gain in October — a sign that the market’s leadership is thinning out despite the bullish sentiment.
BUSINESS
Ahead of IPO, Capillary Tech sees steady India business even as overseas growth outpaces; AI and M&A remain key focus areas
Capillary Technologies' Rs 877-crore IPO opens on November 14
BUSINESS
Alchemy Capital's domestic long-short AIF by March, says Hiren Ved, GIFT City variant next
The proposed fund, structured under Category III, will cater to domestic and NRI investors initially, said Ved, adding that the aim is to balance directional equity exposure with hedging mechanisms to generate steadier returns across cycles.
BUSINESS
‘Valuations have turned more reasonable; deal flow has surged’: Hiren Ved on why the AIF opportunity looks richer now
After a year of consolidation, Alchemy Capital’s Hiren Ved says a reset in valuations and renewed private-market activity are broadening the AIF opportunity set, even as investors turn more selective.
