Financial Services

Emirates NBD is reportedly hiring Alok Malpani from DAM Capital to lead its new Indian investment banking arm.

Speaking at the firm’s annual press conference, top executives stated that fragmented markets and weak profitability are prompting venture-backed fintech players to consolidate rather than compete.

MOSL has pegged the target price for Groww shares at ₹185, signalling a 19% upside from its last closing price. However, this is below the all-time high of ₹193.91 that Groww touched in November 2025.

Stock market direction will now hinge on the quality and breadth of earnings growth, the flow of global liquidity into India, the pace of domestic capital expenditure, and how valuations compare, market participants said.

Sumeet Bagadia of Choice Broking recommends buying Reliance Group stock Jio Financial Services at ₹300.50, with a target price of ₹335-350. The stock shows potential for an upside breakout after consolidation and has strong support at ₹285, while caution is advised below ₹275.

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — Jio Financial Services, BEL, Asian Paints

Several media reports indicated that 4.25 crore shares or 15.25% equity of Geojit Financial changed hands in multiple transactions worth ₹ ₹290 crore. Mint could not independently verify this report.