ISEC.NSE News

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

MUMBAI: India’s Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned initial public offering and is eyeing a listing in early 2027, two people familiar with the matter said. Backed by investors including General Atlantic, Accel, Amazon.com and the Canada Pension Plan Investment Board (CPPIB), Acko provides insurance products including motor, health and travel insurance. Acko has appointed Morgan Stanley, ICICI Securities and Kotak Mahindra Capital as the bankers to manage the proposed listing, the sources said, requesting anonymity as they are not authorised to talk to media. The insurer could seek to raise funds in the range of $300 million and $500 million, one of the sources said. Indian insurer HDFC Life’s new business growth slows Email requests for comments sent to Acko, Morgan Stanley, ICICI Securities and Kotak Mahindra Capital were not immediately answered. The company is expected to confidentially file its draft IPO papers with India’s markets regulator in the next two to three months, the sources said.

… investment banks for its initial public offering . The company has engaged Kotak … among its backers. The India IPO market context is the engine … among the world’s busiest IPO markets in 2025, … comparable: Digit closed its IPO at a valuation of approximately …

MUMBAI: Indian bonds tumbled in the fiscal year ending March, snapping a two-year rising streak, as demand weakened and the Middle East war sent oil prices surging, outweighing the impact of record debt purchases and cash infusion by the central bank. Elevated oil prices threaten to raise inflation and widen India’s current account deficit, and could force the central bank to start raising policy rates earlier than anticipated. Bonds could extend their losing run in the weeks ahead, with no end to the war in sight, which will worsen the inflation and growth outlook for the world’s third-largest crude oil importer. The yield on the 10-year benchmark government 6.48% 2035 bond ended at 7.0345% on Monday, the last working day of the fiscal, after ending at 6.9419% in the previous session. Bond yields move inversely to prices. The yield jumped 37 basis points in March, the most since February 2017, taking its rise for the full year to 45 bps, the first and the biggest rise since fiscal 2023.

India's Nifty index shows resilience against potential oil price surges from the Gulf conflict. Companies within the Nifty that supply energy like coal and electricity stand to gain. Demand for these energy sources is expected to rise as alternatives to oil and gas. Conversely, smaller companies face greater impact from rising fuel costs.

The Reserve Bank of India will hold its key interest rate unchanged at 5.25% on April 8 and at least until mid-2027, a Reuters poll of economists showed, as benign price pressures give it space to assess the impact from the Middle East conflict. Inflation has stayed below the RBI's medium-term target of 4% for a year ‌and economic ⁠growth remains ⁠strong but the U.S.-Israel war with Iran has blocked a key transport corridor and threatens price stability for the world's third-largest oil importer. Still, all but two of 71 economists in the March 23-26 Reuters poll expected the RBI to keep the repo rate unchanged at 5.25% at its next policy meeting. Most see rates on hold at least until mid-2027, a view largely unchanged from a February survey, ⁠before the ‌war began. "Inflation is already quite benign. So there is some space for oil price shocks to get absorbed into higher inflation without really ⁠rocking the boat of the economy...but the risks are clearly to the upside for the policy rate," said Dhiraj Nim, an economist at ANZ. 'PREMATURE TO CONSIDER RATE INCREASE' Sakshi Gupta, principal economist at HDFC Bank, agreed, adding "it is premature to be considering a rate increase." Most economists said the RBI is unlikely to deviate from the neutral stance it has maintained since June given the uncertainty around how long the conflict will persist.

Indian equity benchmarks gained for a second session on Wednesday, as prospects of a Middle East ceasefire pulled oil prices lower and eased concerns around growth in the world’s third-biggest crude importer. The Nifty 50 rose 1.72% to 23,306.45, while the BSE Sensex added 1.63% to 75,273.45. The benchmarks have gained 3.5% in two days. They are down 7.4% so far this month, with foreign investors offloading $11.37 billion worth of shares in their biggest monthly selloff on record. HDFC Bank, the heaviest stock on the Nifty, rose 2.3%, extending gains to the second session, after tapping external law firms to review its ex‑chairman’s abrupt exit. It pushed financial stocks up 2.35%, their biggest daily gain in seven weeks. The lender had slumped 11.7% over the three sessions to Monday following Atanu Chakraborty’s resignation. The broader small-caps and mid-caps added 2.6% and 2.3%, respectively, on Wednesday. Global markets reacted positively to U.S. President Donald Trump’s comments on Tuesday that Washington was making progress toward ending the war, although Iran’s military said no talks had taken place.

Accenture’s results suggest stable demand but subdued growth for software outsourcing firms. Revenue rose 4% year-on-year, beating estimates, while guidance indicates modest growth ahead. Analysts and brokerages such as ICICI Securities and Motilal Oswal said the numbers point to a period of stable demand, with no significant uptick in client spending for Indian IT services in the near term.

Shares of State Bank of India (SBI) jumped more than 3% on Friday after the public lender’s subsidiary and India’s largest asset management company, SBI Funds Management, filed its draft IPO papers with market regulator Sebi to raise funds through the primary market.In an exchange filing, SBI announced its subsidiary has filed the draft red herring prospectus (DRHP) with Sebi for an IPO of up to 20.37 crore equity shares, entirely comprising an offer for sale. This means that the proceeds from the IPO will go directly to the shareholders, and the company will not receive any amount.Also read: Coal India arm CMPDI IPO opens for subscription. Check brokerages review, GMP and other detailsAs part of the OFS, promoter SBI will sell 12.83 crore shares (representing a 6% stake in the subsidiary), while Amundi India Holding will sell 7.53 crore shares. The total issue size in rupee terms, along with the price band, has not yet been disclosed.SBI Funds Management operates as the investment manager to its flagship mutual fund business and also offers portfolio management services (PMS), alternative investment funds (AIFs) and offshore advisory services.