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Market Updates - Angel One

GIFT City Opens Doors to Outbound Investing for Indian Residents

GIFT City Opens Doors to Outbound Investing for Indian Residents

17 April 2025

GIFT City, India’s premier International Financial Services Centre (IFSC), has largely been a destination for inbound fund flows—catering to Non-Resident Indians (NRIs) and foreign investors. Until now, resident Indian investors had minimal access to global markets through this channel. That is about to change. Mirae Asset Mutual Fund has announced plans to launch an outbound …

NSE and Uttar Pradesh Government Join Hands to Empower MSMEs

NSE and Uttar Pradesh Government Join Hands to Empower MSMEs

17 April 2025

In a significant development aimed at boosting entrepreneurship and access to capital, the National Stock Exchange (NSE) of India has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. The agreement, executed through the Uttar Pradesh Small Industries Corporation (UPSIC), seeks to facilitate fundraising opportunities for Micro, Small, and Medium Enterprises (MSMEs) …

India’s GDP Growth Cut by Fitch to 6.20% for FY25; FY27 Pegged at 6.3%

India’s GDP Growth Cut by Fitch to 6.20% for FY25; FY27 Pegged at 6.3%

17 April 2025

Fitch Ratings has trimmed its GDP growth forecast for India, reflecting growing concerns over the global economic outlook. The FY25 GDP forecast has been cut by 10 basis points to 6.20%, while the FY26 projection now stands at 6.40%, also 10 basis points lower than previously estimated. For FY27, Fitch expects India’s GDP to grow …

OfBusiness Raises ₹100 Cr from Cornerstone Ventures Ahead of 2025 IPO

OfBusiness Raises ₹100 Cr from Cornerstone Ventures Ahead of 2025 IPO

17 April 2025

The startups in India are witnessing astonishing growth as the Angel Investors, VC, and PE are growing investment in the Indian startups. Recently, OfBusiness, an industrial goods and services procurement platform, has raised ₹100 crore (approximately $11.7 million) in a fresh funding round led by Cornerstone Ventures. OfBusiness IPO in 2H 2025 Interestingly, the company is …

M&A and PE Investments Rose 3 Year High in Indian Consumer Sector in Q12025

M&A and PE Investments Rose 3 Year High in Indian Consumer Sector in Q12025

17 April 2025

During Q1FY25, Mergers and acquisitions (M&A) along with private equity (PE) investments in India’s consumer and retail sector has reached its three-year high to ~$4 billion, according to Grant Thornton Bharat’s latest quarterly deal tracker. Major Transactions in Q12025 Leading the activity were 2 major transactions: Singapore-based PE firm Temasek invested $1 billion for a …

India Considers Waiving Import Duties on US Ethane and LPG to Bolster Trade Relations

India Considers Waiving Import Duties on US Ethane and LPG to Bolster Trade Relations

17 April 2025

India is considering the removal of import duties on US ethane and liquefied petroleum gas (LPG) as part of its broader trade negotiations with the United States, as per Reuters news report citing sources.    This decision aligns with New Delhi’s aim to reduce its trade surplus and contribute to the bilateral target of achieving …

ArcelorMittal Nippon Steel to Invest ₹60,000 Crore for Green Steel Expansion in India

ArcelorMittal Nippon Steel to Invest ₹60,000 Crore for Green Steel Expansion in India

17 April 2025

ArcelorMittal Nippon Steel (AM/NS) India has announced a ₹60,000 crore Phase-I investment plan focused on expanding steel capacity, increasing renewable energy usage, and setting up additional scrap processing facilities. The initiative is intended to align with the green steel taxonomy introduced by the Indian government in December 2024. Capacity and Infrastructure Plans AM/NS will expand …

PM Internship Scheme 2025 Deadline Extended Again to April 22: How to Apply

PM Internship Scheme 2025 Deadline Extended Again to April 22: How to Apply

17 April 2025

The Ministry of Corporate Affairs (MCA) has once again extended the application deadline for the Prime Minister Internship Scheme (PMIS) 2025. The last date to apply is now April 22, 2025. This follows earlier extensions, from the original closing date of March 12, it was moved to March 31, then April 15, and now further …

HDFC Arbitrage Fund – Wholesale Plan Declares Income Distribution

HDFC Arbitrage Fund – Wholesale Plan Declares Income Distribution

17 April 2025

HDFC Mutual Fund has announced an income distribution of ₹0.50 per unit under the IDCW option (both regular and direct plans) of its HDFC Arbitrage Fund – Wholesale Plan. The record date for this payout is set for April 17, 2025. Fund Basics The HDFC Arbitrage Fund – Wholesale Plan is an open-ended scheme, launched …

RBI Second Among Global Gold Buyers as Reserves Hit $97 Billion

RBI Second Among Global Gold Buyers as Reserves Hit $97 Billion

17 April 2025

As of February 2025, the Reserve Bank of India (RBI) holds a total of 879 tonnes of gold, valued at approximately $97 billion. This valuation is based on the current market price of $3,300 per troy ounce—a historic high. The RBI’s aggressive accumulation of gold in recent years signals a strategic shift in reserve management. …

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