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Economic Times
12 hours ago
- Business
- Economic Times
Who controls India Inc.? The answer is starting to change: NSE report
The report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors gaining significant ground in India's corporate ownership landscape. Synopsis The NSE's March 2025 report reveals private Indian promoters still lead with a 32.5% stake in NSE-listed firms. However, domestic mutual funds have reached a record 10.4% share, fueled by SIP inflows. Retail investors are also expanding their footprint, reflecting a shift towards a more diversified ownership base in India Inc. In the latest edition of its 'India Inc. Ownership Tracker' for March 2025, the National Stock Exchange (NSE) reveals that private Indian promoters continue to hold the largest stake in India Inc., commanding a 32.5% share in NSE-listed companies. ADVERTISEMENT However, the report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors gaining significant ground in India's corporate ownership landscape. Promoter ownership dropped for the third consecutive quarter, settling at 50.1%—a combination of private Indian promoters (32.5%) and government holdings (9.9%). This marks a continued dilution trend in promoter stakes across listed mutual funds saw their share rise to an all-time high of 10.4%, driven by sustained Systematic Investment Plan (SIP) inflows. This includes 8.4% from active funds and 2.0% from passive strategies. Notably, insurance companies, banks, and financial institutions now hold 5.6%, collectively pushing domestic institutional holdings ahead of foreign players for the first time since 2003. ADVERTISEMENT Foreign Portfolio Investors (FPIs) increased their stake slightly to 17.5%, recovering from a 13-year low recorded in December 2024. Foreign promoters continue to maintain 8.1% ownership. ADVERTISEMENT Direct ownership by individual investors climbed to 9.5%, while their combined share—including mutual fund holdings—now stands at a record 18.2%. This trend reflects rising household interest in equity markets, further evidenced by an estimated Rs 46 lakh crore accretion in household wealth from equities over the past five years. Also read: Vodafone Idea approves Rs 20,000 cr fundraise plans in a fight for survival ADVERTISEMENT FPIs maintained a bullish stance on financials while exercising caution on consumption and commodities. DMFs, on the other hand, pared exposure to financials and consumer staples, while turning incrementally positive on consumer discretionary sectors. The report also notes a renewed institutional tilt toward large-cap stocks, particularly in the Nifty50 and top-decile private Indian promoters remain the dominant shareholders, the steady rise in domestic mutual fund and retail participation signals a more democratized and diversified ownership base in India Inc. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
12 hours ago
- Business
- Time of India
Who controls India Inc.? The answer is starting to change: NSE report
In the latest edition of its 'India Inc. Ownership Tracker' for March 2025, the National Stock Exchange ( NSE ) reveals that private Indian promoters continue to hold the largest stake in India Inc., commanding a 32.5% share in NSE-listed companies. However, the report also signals a shifting tide, with domestic mutual funds ( DMFs ) and retail investors gaining significant ground in India's corporate ownership landscape. Here's a snapshot of the holdings as of March 2025: Promoter holdings fall to 50.1% Promoter ownership dropped for the third consecutive quarter, settling at 50.1%—a combination of private Indian promoters (32.5%) and government holdings (9.9%). This marks a continued dilution trend in promoter stakes across listed entities. Domestic institutions strengthen their position Domestic mutual funds saw their share rise to an all-time high of 10.4%, driven by sustained Systematic Investment Plan (SIP) inflows. This includes 8.4% from active funds and 2.0% from passive strategies. Notably, insurance companies, banks, and financial institutions now hold 5.6%, collectively pushing domestic institutional holdings ahead of foreign players for the first time since 2003. Foreign investors hold steady Foreign Portfolio Investors (FPIs) increased their stake slightly to 17.5%, recovering from a 13-year low recorded in December 2024. Foreign promoters continue to maintain 8.1% ownership. Retail investors expand their footprint Direct ownership by individual investors climbed to 9.5%, while their combined share—including mutual fund holdings—now stands at a record 18.2%. This trend reflects rising household interest in equity markets, further evidenced by an estimated Rs 46 lakh crore accretion in household wealth from equities over the past five years. Also read: Vodafone Idea approves Rs 20,000 cr fundraise plans in a fight for survival Sectoral and market cap preferences FPIs maintained a bullish stance on financials while exercising caution on consumption and commodities. DMFs, on the other hand, pared exposure to financials and consumer staples, while turning incrementally positive on consumer discretionary sectors. The report also notes a renewed institutional tilt toward large-cap stocks, particularly in the Nifty50 and top-decile companies. While private Indian promoters remain the dominant shareholders, the steady rise in domestic mutual fund and retail participation signals a more democratized and diversified ownership base in India Inc. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
16 hours ago
- Health
- Mint
World No Tobacco Day 2025: Experts say ‘vaping more dangerous than cigarettes,' blame ‘influencers for glamourising'
On World Tobacco Day, experts have underlined the rampant use of e-cigarettes and vapes, highlighting how sellers are promoting their use as a "luxury" and employing clever tactics to compel teenagers to buy these products. During a seminar organised against vapes, experts noted that despite the ban on these products under the Prohibition of Electronic Cigarettes Act (PECA), 2019, producers have found ways to circumvent the law and promote e-cigarettes and vapes. "Why is the industry using new tactics to attract our youth? Because the industry needs new users to consume these devices so that they can be turned into lifelong consumers," Avinash Sunthlia, Deputy Additional Director General (DADG), Health Ministry, was quoted as saying by news agency PTI. Read | Health ministry reports 350 violations of e-cigarette ban, black market thrives He added that they also market these devices as safer alternatives for smoking cessation, but it is actually about recruiting new users for a lifetime of dependence. "To spread awareness, we have issued comprehensive guidelines for schools, initiated capacity-building programmes for teachers, and are working closely with influencers and digital creators to speak up about the dangers of vaping," he said. Another expert asserted that consumption of vapes is more dangerous than cigarettes, as such devices can be used to consume hard drugs. "Based on my experience, several users have confessed to using vaping equipment for hard drug intake. What makes the threat more dangerous is the way these products are promoted. Manufacturers and sellers use tactics like influencer marketing on social media to glamourise these devices and target young users while avoiding direct accountability and prosecution," said Jaspal Singh, Special Commissioner of Police for Protective Security, Delhi. Also Read: India Inc adds health goals to appraisals Puducherry Secretary Padma Jaiswal further underlined that these devices are promoted as a "luxury" style, and most of the users affected by vapes are adolescents in schools and colleges. "Being a mother myself, I am aware that vaping is rampant, and the habit leaves a strong impact among adolescents and youth. They are attracted to these devices because they are promoted as a luxury, a style statement with the narrative that it is neither harmful nor punitive. Therefore, we need to raise awareness that these electronic devices are banned in India," she added.
Indian Express
20 hours ago
- Business
- Indian Express
Indian economy grows faster than expected in fourth quarter. But near-term outlook remains unclear
The Indian economy grew at a robust 7.4 per cent in the fourth quarter of 2024-25, surpassing most expectations. Growth for the full year has now been pegged at 6.5 per cent by the National Statistics Office. This is in line with the office's earlier estimates. Strip away net taxes on products and value added by the economy grew by 6.8 per cent in the fourth quarter. Moreover, notwithstanding the sharp pick-up in growth in the second half of the year — the momentum slowed down sharply in the second quarter when growth collapsed to just 5.6 per cent — the Indian economy has actually slowed down significantly in 2024-25. Nominal GDP has also come in at less than 10 per cent. And forecasts for next year aren't much brighter. The sector-wise disaggregated data shows that agriculture continued to expand at a healthy pace, driven by favourable weather conditions and remunerative prices, which induced farmers to sow more area. Growth of 5.4 per cent in the fourth quarter has put the sector's growth for the full year at 4.6 per cent — higher than its long-term average. This bodes well for rural consumption. The industrial sector, though, slowed sharply, weighed down by manufacturing. The sector grew at just 4.5 per cent in 2024-25, down from 12.3 per cent the year before. Construction, however, continued to witness steady growth, expanding at 9.4 per cent in 2024-25, after growing by 10.4 per cent the year before. The services sector also witnessed a slight deceleration, with trade, hotels, transport and communication as well as the financial, real estate and professional services segments growing at a slower pace than before. The GDP data also show that private consumption grew at 7.2 per cent last year. This is difficult to reconcile with some of the commentary from India Inc, which, through the last year, voiced concerns over a softness in demand and a shrinking middle segment. There are also questions over the sustainability of the sharp pick-up in investments in the fourth quarter — gross fixed capital formation grew at 9.4 per cent as per the latest data. The near-term outlook is unclear. There is a possibility that lower commodity prices will impact the deflator in the coming quarters. Some analysts expect investment activity to be weighed down by the prevailing uncertainty. But a combination of tax cuts and lower interest rates could help support household consumption — there are expectations of the RBI's Monetary Policy Committee cutting interest rates further with inflation likely to stay in line with the central bank's target. But expectations for a strong pick-up this year remain muted. The central bank has pegged growth at 6.5 per cent in 2025-26 and the expectations of some analysts also range between 6.2 per cent and 6.5 per cent.
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Business Standard
2 days ago
- Business
- Business Standard
'Our fair price on Nifty50 is around 28,000 over the next 12 months'
The market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26, according to Equentis Wealth Advisory Services Sai Aravindh Mumbai Listen to This Article Corporate results for the March 2025 quarter have not disappointed. JASPREET SINGH ARORA, chief investment officer at Equentis Wealth Advisory Services, tells Sai Aravindh in an email interview that the market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26 despite multiple earnings downgrades over recent quarters. Edited excerpts: Did the fourth-quarter earnings meet your expectations? What is your outlook for the financial year 2026? India Inc's Q4 FY25 earnings have been largely mixed. Around 50 per cent of Nifty50 companies exceeded street expectations, nearly 30 per cent missed estimates, and the remainder delivered neutral
