The Nifty 50 index could rise around 24 per cent from current levels to 32,032 by December 2026 in a bull-case scenario, Kotak Securities said in a recent note. "We value Nifty at a 10 per cent premium (at 22x) to the 10-year average price-to-earnings of 20x on 2027-28 estimated (E) earnings per share (EPS) of Rs 1,456, and arrive at a December 2026 Nifty target of 32,032," the analysts wrote.
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Voting for zilla parishads and panchayat samitis in Maharashtra has been rescheduled to February 7 due to a three-day mourning period declared after the death of Deputy CM Ajit Pawar.
Maharashtra Minister Chandrashekhar Bawankule blames the State Election Commission (SEC) for the Bombay High Court's decision to defer the counting of votes for local bodies polls, citing 'misinterpretation of laws'.
Weakness in the information technology (IT) sector hiring has weighed on Info Edge (India) over the past year, leading to a 13 per cent correction in the stock during this period. While the company's 2025-26 (FY26) third-quarter (October-December/Q3) performance showed a marginal improvement, brokerages believe the IT hiring outlook remains weak due to macroeconomic uncertainty in the US.
65 candidates from ten municipal corporations in Maharashtra were declared elected unopposed ahead of elections held on January 15, according to the State Election Commission (SEC). The BJP led with 43 unopposed candidates.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Data from the State Election Commission reveals that over 11 lakh voters in Mumbai have duplicate enrolments in the electoral roll. The SEC has extended the deadline for submitting objections, and opposition leaders have alleged irregularities in the voter list revision.
India's high cost of capital due to relatively shallow corporate bond markets, limited institutional investor depth, sovereign risk premia, and regulatory restrictions on capital flows, is a constraint on private investment and long-run growth, the Economic Survey, authored by Chief Economic Advisor (CEA) V Anantha Nageswaran, said.
Maharashtra is set to hold local body elections for municipal councils and nagar panchayats, marking the first phase of a Supreme Court-mandated process. The elections are seen as a key indicator of political sentiment following the BJP-led Mahayuti's victory in the assembly elections.
Maharashtra Chief Minister Devendra Fadnavis has criticized the State Election Commission's decision to postpone some local body elections, calling it unfair to candidates. The decision follows petitions and sub judice matters, which Fadnavis argues should not halt the election process. Deputy Chief Minister Eknath Shinde also expressed disappointment, while tensions rise between BJP and Shiv Sena in Sindhudurg ahead of local polls.
The Supreme Court has directed the Maharashtra government and its state election commission to conduct local body elections, clarifying that the results will be subject to the court's final verdict, especially concerning the 50% quota limit. The court will hear pleas regarding OBC reservation in local bodies in January 2026.
External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio discussed cooperation in trade, critical minerals, nuclear energy, and defence, reaffirming commitment to a free and open Indo-Pacific.
XLII additional chief judicial magistrate K N Shivakumar discharged H D Revanna from the case registered in Holenaraseepur town police station, Hassan district.
The State Election Commission will adopt the voters' list of the assembly elections for civic polls, the Bombay high court was told on Tuesday, while hearing a plea by an 18-year-old woman who claimed her application to enrol as a voter after she turned 18 in April 2025 was not accepted.
Votes will be counted on January 16 and the outcome will be keenly watched as the BJP-led Mahayuti will seek to stamp its supremacy in urban landscape, especially in Mumbai, while the Opposition parties will try to redeem themselves after last year's rout in assembly polls.
The Supreme Court has requested the Election Commission to consider extending the deadline for submitting enumeration forms for the Special Intensive Revision (SIR) of electoral rolls in Kerala, due to the ongoing local body elections.
With the Congress coming third overall and having done much better than Shiv Sena-UBT and NCP-SP, its allies in Maha Vikas Aghadi, political analysts said it will force a rethink as far as coordination, seat-sharing and leadership are concerned ahead of the 2029 assembly polls.
The Supreme Court has addressed the issue of reservation quotas in Maharashtra local body elections, stating that the final results of elections in 57 local bodies, where the 50% quota ceiling has been breached, will depend on its judgment in the case.
* Repo rate reduced by 25bps to 5.25 pc; * 4th rate cut, totalling 125 bps, since February 2025; * MPC also decided to continue with neutral stance; * GDP growth forecast for FY26 raised to 7.3 pc from 6.8 pc;
'...a mix of asset classes.' 'Include equities for growth (across market caps), debt for stability and liquidity, gold as a hedge against macro and currency risk, and global assets for geographical and economic diversification.'
The first phase of polling for municipal councils and nagar panchayats in Maharashtra was disrupted by violence and allegations of bogus voting. Clashes occurred between supporters of ruling allies BJP, NCP, and Shiv Sena. The Bombay High Court directed the SEC to postpone the counting of votes.
During the 2018 Commonwealth Games in Gold Coast, Australia, Johnson broke Bahadur Prasad's 23-year-old 1500m national record with a time of 3 minute 37.86 seconds though he finished fifth in the final.
Shiv Sena (UBT) chief Uddhav Thackeray demands cancellation of civic elections where candidates won unopposed, alleging corruption and manipulation by ruling parties. He also criticizes the Maharashtra legislative assembly speaker and the misuse of BMC funds.
Breaking the nearly three-decade-old dominance of the undivided Shiv Sena, the Bharatiya Janata Party on Friday emerged victorious in the Brihanmumbai Municipal Corporation (BMC) elections, and also vanquished the alliance of Nationalist Congress Party factions led by Sharad Pawar and Ajit Pawar in the Pune civic body.
The banking sector could see better loan growth in the third quarter of financial year 2026 (Q3FY26) with improved net interest margins (NIMs), though the full impact of latest rate cuts will be largely felt in the fourth quarter. There may be lower slippage in unsecured loans and microfinance institutions (MFIs) along with steady recovery trends, which should lower credit cost.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The BJP has emerged as the most dominant force in the recently-held municipal council and nagar panchayat elections in Maharashtra, securing the highest number of seats in five out of the state's six administrative divisions.
The government bond yield curve is likely to flatten in the financial year 2027 (FY27) as the Reserve Bank of India (RBI) is expected to ease supply pressure in the ultra-long segment. In FY26 so far, reduced investments by insurance companies and pension funds pushed up yields on ultra-long tenor securities, steepening the curve.
Top leaders of Maha Vikas Aghadi, including Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray, Nationalist Congress Party-Sharadchandra Pawar head Sharad Pawar along with Maharashtra Navnirman Sena president Raj Thackeray, will lead the Opposition's November 1 protest march in Mumbai against alleged irregularities in voters' lists.
India's leading agriculture commodity exchange, the National Commodity & Derivatives Exchange (NCDEX), has decided to acquire around a 20 per cent stake in a new commodities and financial derivatives exchange being set up in Sri Lanka, subject to regulatory and governmental approvals. The move aims to deepen NCDEX's footprint in the financial ecosystem of its neighbouring country.
The Supreme Court has directed the Maharashtra State Election Commission to complete the stalled local body polls by January 31, 2026, criticizing the commission for non-compliance with previous orders.
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
Maharashtra is set to hold local body elections on December 2 for municipal councils and nagar panchayats. The polls are seen as a test of the ruling coalition's strength after their recent assembly election victory.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
US Secretary of State Marco Rubio praises India's measured and professional investigation into the Red Fort car explosion, calling it a terrorist attack. The US has offered assistance, but acknowledges India's capabilities in handling the investigation.
Elections for municipal councils and nagar panchayats in Maharashtra are scheduled for December 2, according to the State Election Commissioner. The schedule for other local bodies will be announced later.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
The United States on Wednesday struck an alleged drug vessel, an eighth such attack by the US, on the Pacific side of South America, according to Secretary of Defence Pete Hegseth, as reported by CBS News.
The US sees an opportunity to expand its strategic relationship with Pakistan but assures that it will not come at the expense of its ties with India, according to US Secretary of State Marco Rubio.
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