Sunday, October 11
Mumbai: Tata Sons is injecting fresh capital of ₹30,000 crore ($3.5 billion) into its emerging ventures, including Tata Digital, Tata Electronics and Air India, as well as the defence and battery units. The investment will be through equity infusion, said people familiar with the matter. The defence business has recently been reaffirmed as a strategic priority, according to officials. The Tata Sons board approved the latest allocation at a meeting held on Thursday, said the people cited. This funding will be in addition to the $120 billion committed to new businesses in recent years."The capital infusion is considered part of the holding company's plan to meet requirements at the execution level, necessary to scale the new businesses for their next phase of growth," said a group executiv
Growth in the general insurance industry is estimated to pick up in FY2026 after moderating in the previous financial year, with private insurers expected to perform better compared to their public peers.The gross domestic premium income of general insurance companies is estimated to rise to Rs 3.21–3.24 lakh crore in the current financial year, up from Rs 2.97 lakh crore a year ago, according to rating agency ICRA. This translates into a growth of 8.7% in FY2026. The growth for FY2027 is estimated at 10.9%.“GDPI growth is expected to improve in FY2026, supported by pricing discipline in commercial lines and a low base, continued growth in health, and an increase in vehicle sales vis-à-vis FY2025, partly offset by the impact of 1/n, which is expected to continue in H1 FY2026,” said
Nifty may continue its consolidation phase this week, as the index faces key resistance around the 25,100–25,150 zone. A breakout above this range could pave the way toward the 25,500–25,700 levels. On the downside, 24,500–24,600 is seen as a strong support zone. Analysts believe that any dips from current levels could be used to accumulate quality stocks, particularly in the financials, infrastructure, capital goods, and PSU-linked sectors.DHARMESH SHAH HEAD OF TECHNICAL, ICICI SECURITIESWhere is Nifty Headed This Week? Nifty underperformed global peers last week. Its weekly price action formed a small bearish candle, suggesting an extended breather. We expect the index to continue consolidating in the 24,500–25,100 range, with a positive bias. The index has sustained above its 20
