Markets

Kotak Mahindra Bank on Saturday said it has not submitted a financial bid as part of the ongoing disinvestment process relating to IDBI Bank Ltd.

India-US trade deal: The White House has confirmed the deal on Saturday morning by releasing the fine print, which confirms the US will indeed be lowering tariffs to 18% for key sectors in India, in exchange for receiving a $500 million export boost from New Delhi, among other benefits. These are the sectors and stocks that are likely to benefit.

It was a strong quarter for the lender, with profit and asset quality metrics beating estimates while sequential provisioning came down.

Earnings for the MSCI India Index are projected to grow about 8.3% over the next year, trailing regional peers, according to data compiled by Bloomberg.

In this infographic-led explainer for NDTV Profit, we break down what changed, why it matters, and how the agreement could impact markets, companies, and consumers on both sides.

The 30-member index — comprised of household names like Goldman Sachs Group Inc., Coca-Cola Co. and JPMorgan Chase & Co. — rose 2.5% to 50,115.67 on Friday.

Goldiam International, General Insurance Corporation of India and HBL Engineering are among the companies that will declare earnings on Feb. 7.

India is expected to hold adequate stocks to meet domestic demand until the crushing of a larger crop begins in October.

The more liquid market for gold has coped better than silver.

SBI's asset quality is expected to deteriorate on a sequential basis, with net NPA seen rising by 3.6%.

Heavyweights such as Tata Steel, Siemens, MRF, BEML and Kalyan Jewellers are among the marquee names investors will be tracking closely through the day.

The board nod came days after the Securities and Exchange Board of India granted its no-objection certification for the much-awaited IPO.

Choppy trading in the past 48-hours underscores a sharp rise in volatility.

The new subsidiary will be named National or Bharat or India Coal Exchange. For incorporating the coal exchange arm, India's largest stock exchange will infuse Rs 100 crore.

The fundraise is also subject to approval of the shareholders among other statutory approvals.

Chokkalingam G, founder of Equinomics Research Pvt., and Osho Krishan, chief manager-technical and derivative research at Angel One, provided insights.

NSE Q3 Results: The Mumbai-based stock exchange's revenue from operations in the third quarter of current fiscal rose 6.7% to Rs 3,925 crore.

Upcoming IPOs: The firms which have received SEBI's green signal are InCred Holdings and Ardee Industries.

Tata Steel Q3 Results: The Tata Group's multinational steel major's revenue from operations in the third quarter of current fiscal dropped 3% to Rs 57,002 crore.

Bitcoin Price Today: Bitcoin is on track to shed 15% for the week, taking its losses for the year so far to 26%. Meanwhile, ether was headed for a weekly decline of 16%, with losses of nearly 36% so far this year.