Govt capex growth to slow down, fiscal consolidation to continue in FY26: Goldman Sachs
https://timesofindia.indiatimes.com/business/india-business/govt-capex-growth-to-slow-down-fiscal-consolidation-to-continue-in-fy26-goldman-sachs/articleshow/117206264.cms

Goldman Sachs predicts a slowdown in government capex growth to 13% in the new fiscal year, down from 17% in FY24. The fiscal deficit is projected to narrow to 4.5% of GDP. The budget will likely focus on rural and welfare spending, job creation, and long-term economic policy towards 2047.

Recovery signs: HCLTech revenue up 4% in Dec qtr
https://timesofindia.indiatimes.com/business/india-business/recovery-signs-hcltech-revenue-up-4-in-dec-qtr/articleshow/117215715.cms

'Without tariffs, we will be a dumping ground'
https://timesofindia.indiatimes.com/business/india-business/without-tariffs-we-will-be-a-dumping-ground/articleshow/117215750.cms

Sajjan Jindal, chairman of the JSW Group, plans to invest Rs 5.8 lakh crore ($70 billion) in renewables, steel, cement, infrastructure, and automobiles over the next six years. Jindal argues that India needs tariffs to protect domestic industries from cheaper Chinese imports, which are threatening local manufacturers. He stresses the need for government support to compete with China.

Russian oil curbs, strong $ sink Re to low of 86.58
https://timesofindia.indiatimes.com/business/india-business/russian-oil-curbs-strong-sink-re-to-low-of-86-58/articleshow/117215766.cms

The rupee experienced its sharpest single-day drop in two years, closing at 86.58 due to a stronger US dollar following robust job data and new sanctions on Russian oil. Additional factors like reduced forex reserves, FII outflows, and market expectations of prolonged high US interest rates aggravated the decline.

Crude price touches $81, highest level since Aug '24
https://timesofindia.indiatimes.com/business/international-business/crude-price-touches-81-highest-level-since-aug-24/articleshow/117215794.cms

Global oil prices surpassed $81 per barrel, the highest since August 2024, driven by fears of US shipping sanctions affecting Russian oil supplies. This surge is likely to prevent fuel price cuts in India, eliminating the increase in retailers' profits and causing stock declines for major fuel retailers IndianOil, Hindustan Petroleum, and Bharat Petroleum.

Fintech Groww eyes $800mn IPO
https://timesofindia.indiatimes.com/business/india-business/fintech-groww-eyes-800mn-ipo/articleshow/117215824.cms

Groww, the Bengaluru-based discount stock brokerage, is planning an IPO within the next 12 months, seeking a valuation of $6-8 billion. The company aims to raise $600-800 million through the offering. This move comes as regulatory changes affect the derivatives trading space, impacting revenues of brokers like Groww and its competitor, Zerodha.

HK fund PAG buys majority stake in pkg co
https://timesofindia.indiatimes.com/business/india-business/hk-fund-pag-buys-majority-stake-in-pkg-co/articleshow/117215913.cms

Hong Kong-based private equity fund PAG has acquired an 80% controlling stake in Pravesha Industries for $200 million. This follows their November 2024 purchase of a majority stake in Manjushree Technopak for $1 billion. Pravesha’s promoters, Bomma Sivaprasad Reddy and RPR Sons Advisors, sold their shares for Rs 1,387 crore.