PhonePe gets SEBI nod for IPO; targets ₹10,000-crore OFS

by Hansraj Agrawal | Jan 20, 2026 | Business

PhonePe’s IPO push comes at a time when it continues to consolidate its leadership in India’s fast-growing digital payments ecosystem

Payment major PhonePe has received approval from capital markets regulator SEBI to launch its initial public offering (IPO), according to people familiar with the matter. The company is targeting a fund-raise of around ₹10,000 crore, primarily through a pure offer for sale (OFS), they said.

PhonePe is expected to file an updated draft red herring prospectus (DRHP) in the coming days. This follows the Bengaluru-headquartered firm’s decision to file its IPO papers via the confidential route in September last year, a mechanism increasingly favoured by large issuers to keep financial and operational details private until closer to the listing.

The proposed IPO will see some of PhonePe’s existing shareholders pare their holdings. Walmart, Tiger Global and Microsoft are among the investors expected to participate in the OFS, which is likely to result in a combined dilution of around 10 per cent stake. Kotak Mahindra Capital, Citi, Morgan Stanley and JP Morgan have been appointed as advisors for what is expected to be one of the largest technology listings in India.

UPI dominance underpins listing case

PhonePe’s IPO push comes at a time when it continues to consolidate its leadership in India’s fast-growing digital payments ecosystem. The company commands about 45 per cent market share in the Unified Payments Interface (UPI) network, ahead of Google Pay’s roughly 35 per cent share. UPI, today, processes over 85 per cent of India’s digital payment volumes, making it the backbone of the country’s retail payments infrastructure.

The sustained dominance in UPI, despite rising competition from well-capitalised players, is seen as a key factor strengthening PhonePe’s public market pitch. Investors view the company as a relatively stable and scaled platform in an otherwise intensely-competitive fintech landscape.

In recent months, PhonePe has also seen heightened secondary market activity. General Atlantic last year invested $600 million in the company through a secondary share purchase, increasing its stake from 4.4 per cent to around 9 per cent. The transaction did not involve fresh capital infusion and was aimed at enabling employees to exercise stock options and meet related tax obligations. Including this deal, the US-based private equity firm has invested about $1.15 billion in PhonePe since 2023.

Tech listings

PhonePe’s IPO plans are unfolding against a broader revival in technology listings. Wealth-tech platform Groww listed late last year at an estimated valuation of $7.5 billion and is now trading at around $10.5 billion. Separately, merchant payments firm Pine Labs’ IPO closed for subscription in November, garnering nearly 2.5 times demand for its ₹3,900-crore issue.

Market participants believe these listings have helped reset investor confidence in new-age companies, potentially providing a favourable backdrop for PhonePe’s market debut.

Published on January 20, 2026

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Landlocked States के Export Boost | सरकार का बड़ा Mission | Paisa Live

by Hansraj Agrawal | Jan 20, 2026 | Business

Global export दबाव और हालिया गिरावट के बीच सरकार ने landlocked राज्यों के लिए बड़ा कदम उठाया है। Commerce and Industry Minister Piyush Goyal ने Board of Trade बैठक में कहा कि उत्तर प्रदेश और हरियाणा जैसे बिना समुद्र तट वाले राज्यों की export capacity बढ़ाने के लिए targeted schemes लाई जाएंगी। यह फैसला ऐसे समय आया है जब अक्टूबर में भारत के exports में 11.8% की गिरावट दर्ज की गई। सरकार ने ₹25,060 करोड़ के Export Promotion Mission को मंजूरी दी है, जो 6 साल तक लागू रहेगा। इसके तहत export incentives, logistics सुधार, market access और global competitiveness पर फोकस होगा। UP, Haryana, MP, Chhattisgarh, Jharkhand और Telangana को इसका सीधा लाभ मिलेगा। Centre–state partnership, ease of doing business और digital coordination पर भी जोर दिया गया है।

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PPFAS का नया Parag Parikh Large Cap Fund | Safe & Strong Investing Option | Paisa Live

by Hansraj Agrawal | Jan 20, 2026 | Business

अगर आप market की volatility से परेशान हैं और stable, strong investing option तलाश रहे हैं, तो PPFAS Mutual Fund की यह नई पेशकश आपके लिए हो सकती है। PPFAS ने Parag Parikh Large Cap Fund लॉन्च किया है, जो low-cost investing, transparency और long-term wealth creation पर फोकस करता है। यह एक open-ended large cap scheme है, जिसका benchmark Nifty 100 Total Return Index (TRI) है।
इसका NFO 19 जनवरी से 30 जनवरी तक खुला है, जबकि 6 फरवरी से regular purchase और redemption शुरू होंगे। Fund की सबसे बड़ी खासियत इसका low expense ratio है—Direct Plan TER 0.15% और Regular Plan TER 0.55%, साथ ही कोई entry या exit load नहीं। Rajeev Thakkar की experienced team इसे manage करेगी। Experts के मुताबिक, large cap stocks 2026 तक relatively safe रह सकते हैं।

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Nifty crashes 1.4% to three-month low as tariff fears trigger broad-based selloff

by Hansraj Agrawal | Jan 20, 2026 | Business

All sectoral indices closed deep in the red.
| Photo Credit:
iStockphoto

Benchmark indices witnessed their steepest single-day decline in over eight months on Tuesday, with the Nifty plunging 353 points or 1.38 per cent to close at 25,232.50, its lowest level since October 14, 2025. The Sensex tumbled 1,065.71 points or 1.28 per cent to settle at 82,180.47, as renewed US tariff threats and weak corporate earnings triggered panic selling across all segments.

The selloff intensified after the US administration issued a “Greenland Tariff” ultimatum, threatening 10-25 per cent levies on European nations. “The market is currently besieged by a perfect storm of global geopolitical tension and domestic fundamental weakness,” said Santosh Meena, Head of Research at Swastika Investmart. “This uncertainty, coupled with a weakening Rupee, has forced investors to aggressively dump emerging market assets like Indian equities in favor of safe havens such as Gold and US Treasury bonds.”

The broader market bore the brunt of the carnage, with the Nifty Midcap 100 plummeting 2.62 per cent to 58,085.35 and the Nifty Smallcap 100 crashing 2.85 per cent to 16,701.05. “The Midcap index closed below its 200-day EMA for the first time since August 2025, signalling a potential shift in medium-term trend,” noted Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

Market breadth remained extremely weak, with 3,590 stocks declining against just 707 advances on the BSE. A staggering 713 stocks hit 52-week lows, while only 65 touched 52-week highs. “Market breadth remained negative for the eighth consecutive session,” said Nandish Shah, Deputy Vice President at HDFC Securities.

All sectoral indices closed deep in the red. Nifty Realty led the decline with a 5 per cent drop, while Auto, IT, Media, Metal, PSU Bank, Pharma, Oil & Gas, and Consumer Durables declined 1.5-2.5 per cent. The Nifty Next 50 plunged 2.30 per cent to 67,110.90, while Nifty Financial Services fell 1.16 per cent to 27,200.60 and Nifty Bank dropped 0.81 per cent to 59,404.20.

Among Nifty stocks, only three managed to close in positive territory. Dr Reddy’s Laboratories gained 0.46 per cent to close at ₹1,172.60, HDFC Bank rose 0.28 per cent to ₹930.50, and Tata Consumer Products added 0.28 per cent to ₹1,183.50. On the losing side, Adani Enterprises plummeted 3.96 per cent to ₹2,050.00, Bajaj Finance tumbled 3.89 per cent to ₹931.75, Jio Financial Services declined 3.72 per cent to ₹265.40, Eicher Motors fell 3.59 per cent to ₹271.25, and Coal India dropped 3.29 per cent to ₹416.00.

“The benchmark Nifty index witnessed a brutal selloff on Tuesday, marking its steepest single-day decline since April 7, 2025,” said Shah. “With this slide, the index has now corrected over 4 per cent in just 10 trading sessions.” The daily RSI dropped to 29.27, its weakest reading since March 2025, indicating oversold conditions.

The pain in smaller stocks has been particularly severe. “It has been a one-way fall for the small-cap index since the start of November last year. At the index level, small caps are down over 11.5 per cent since then,” said N ArunaGiri, CEO of TrustLine Holdings. “A large number of stocks are down 40-50 per cent. This is not a universal buy-on-dips market. It is a market that rewards selective bottom-up stock-specific approach.”

The Indian rupee extended its losing streak, depreciating 6 paise to close at 90.97 against the dollar. “Despite the central bank’s attempts to anchor the currency, the effort was eclipsed by a relentless surge in corporates and importers greenback demand,” said Dilip Parmar, Research Analyst at HDFC Securities.

Technically, the Nifty has reached a critical juncture at its 200-Day Moving Average near 25,150. “Widely regarded as the dividing line between a long-term bull and bear market, a decisive close below this level would be technically catastrophic,” warned Meena. Ajit Mishra, SVP Research at Religare Broking, added that “a decisive break below the long-term moving average could open the door for further downside towards the 24,900 level.”

Market volatility is expected to persist until clarity emerges on the US-Europe tariff standoff, with analysts suggesting any recovery will depend on banking and IT sectors showing resilience, while immediate resistance is expected at 25,400-25,600 levels.

Published on January 20, 2026

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भू-राजनीतिक तनाव के बीच 1000 अंक से ज्यादा लुढ़का सेंसेक्स, ये है बड़ी गिरावट की 5 वजह

by Hansraj Agrawal | Jan 20, 2026 | Business

Stock Market News: भू-राजनीतिक तनावों में इजाफा और विदेशी निवेशकों की लगातार बिकवाली के दबाव में मंगलवार को घरेलू शेयर बाजारों में जोरदार गिरावट देखने को मिली. प्रमुख कंपनियों के शेयरों में भारी बिकवाली से बीएसई सेंसेक्स 1,065.71 अंक यानी 1.28 प्रतिशत टूटकर 82,180.47 अंक पर बंद हुआ, जबकि एनएसई निफ्टी 353 अंक यानी 1.38 प्रतिशत गिरकर 25,232.50 अंक पर आ गया.

कारोबार के दौरान सेंसेक्स एक समय 1,235 अंक से ज्यादा फिसल गया था. यह लगातार दूसरा कारोबारी दिन रहा जब बाजार कमजोरी के साथ बंद हुआ. बाजार विशेषज्ञों के अनुसार, प्रतिकूल वैश्विक संकेत, अमेरिकी डॉलर के मुकाबले रुपये की कमजोरी और विदेशी संस्थागत निवेशकों की निकासी से निवेशकों की धारणा पर नकारात्मक असर पड़ा.

क्यों बाजार में गिरावट?

1-सेंसेक्स में शामिल शेयरों में इटर्नल, बजाज फाइनेंस, सन फार्मा, इंडिगो, ट्रेंट, एशियन पेंट्स और महिंद्रा एंड महिंद्रा में सबसे ज्यादा गिरावट रही, जबकि एचडीएफसी बैंक एकमात्र शेयर रहा जो बढ़त में बंद हुआ. आंकड़ों के मुताबिक, एफआईआई ने 3,262 करोड़ रुपये के शेयर बेचे, वहीं घरेलू संस्थागत निवेशकों ने 4,234 करोड़ रुपये की खरीदारी की.

2-एशियाई और यूरोपीय बाजारों में भी कमजोरी का रुख रहा. बाजार जानकारों का कहना है कि अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप की टैरिफ नीति को लेकर बढ़ती अनिश्चितता और यूरोपीय देशों पर अतिरिक्त शुल्क की धमकी से वैश्विक बाजारों में अस्थिरता बढ़ी है, जिसका सीधा असर भारतीय शेयर बाजार पर भी देखने को मिला.

3-बाजार के जानकारों का कहना है कि मौजूदा हालात में निवेशक बेहद सतर्क रुख अपनाए हुए हैं और आगे की दिशा स्पष्ट होने का इंतजार कर रहे हैं.

4-जियोजीत इन्वेस्टमेंट्स के शोध प्रमुख विनोद नायर के अनुसार, अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप की टैरिफ नीति को लेकर अमेरिका के सुप्रीम कोर्ट का फैसला आना बाकी है, जिससे इस नीति पर अनिश्चितता बनी हुई है.

5-उन्होंने कहा कि विदेशी पूंजी की लगातार निकासी और रुपये में जारी कमजोरी के कारण निवेशकों की बाजार के प्रति धारणा काफी प्रभावित हुई है. खासतौर पर मिड और स्मॉल कैप शेयरों में दबाव साफ नजर आ रहा है और लगभग सभी सेक्टर्स में नकारात्मक रुझान बना हुआ है, जिससे बाजार में फिलहाल कमजोरी का माहौल कायम है.

ये भी पढ़ें: शेयर बाजार में हाहाकार, आईटी-ऑटो के शेयर क्रैश, 1000 अंक से ज्यादा सेंसेक्स, निफ्टी का बुरा हाल

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)

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UK defends Chagos Islands handover to Mauritius after Trump criticism

by Hansraj Agrawal | Jan 20, 2026 | Business

The British government has defended its decision to hand sovereignty of the Chagos Islands to Mauritius after US President Donald Trump criticised the move, calling it a threat to security. Displaced islanders have also raised concerns over lack of consultation.
| Photo Credit:
SUZANNE PLUNKETT

The British government on Tuesday defended its decision to hand sovereignty the Chagos Islands to Mauritius after US President Donald Trump attacked the plan, which his administration had previously supported.

Trump said that relinquishing the remote Indian Ocean archipelago, home to a strategically important American naval and bomber base, was an act of stupidity that shows why he needs to take over Greenland.

Trump’s criticism

“Shockingly, our brilliant’ NATO Ally, the United Kingdom, is currently planning to give away the Island of Diego Garcia, the site of a vital US Military Base, to Mauritius, and to do so FOR NO REASON WHATSOEVER,” he said in a post on his social media platform Truth Social. “There is no doubt that China and Russia have noticed this act of total weakness.” “The UK giving away extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has to be acquired,” Trump said.

UK-Mauritius deal

The United Kingdom and Mauritius signed a deal in May to give Mauritius sovereignty over the islands, though the UK will lease back Diego Garcia where the US base is located, for at least 99 years.

Security assurances

The US government welcomed the agreement at the time, saying it “secures the long-term, stable, and effective operation of the joint US-UK military facility at Diego Garcia.” UK Cabinet Minister Darren Jones said Tuesday that the agreement would “secure that military base for the next 100 years.” But it has met strong opposition from British opposition parties, who that giving up the islands, which have been British territory for two centuries, puts them at risk of interference by China and Russia.

Political opposition

Islanders who were displaced from the islands to make way for the US base say they weren’t consulted and worry the deal will make it harder for them to go home.

Legislation to approve the agreement has been passed by the House of Commons, but faced strong opposition in Parliament’s upper chamber, the House of Lords, which approved it, while also passing a “motion of regret” lamenting the legislation. It’s due back in the Commons on Tuesday for further debate.

Conservative Party leader Kemi Badenoch criticized UK Prime Minister Keir Starmer’s Labour Party government over the agreement.

Badenoch said in an X post that Trump is right and that Starmer’s “plan to give away the Chagos Islands is a terrible policy that weakens UK security and hands away our sovereign territory. And to top it off, makes us and our NATO allies weaker in the face of our enemies.” Reform UK leader Nigel Farage, an ally of the president said: “Thank goodness Trump has vetoed the surrender of the Chagos islands.” The US has described the Diego Garcia base, which is home to about 2,500 mostly American personnel, as “an all but indispensable platform” for security operations in the Middle East, South Asia and East Africa.

Historical background

The Chagos Islands have been under British control since 1814, when they were ceded by France. Britain split the islands away from Mauritius, a former British colony, in 1965, and evicted as many as 2,000 people from the islands so the US military could build the Diego Garcia base.

An estimated 10,000 displaced Chagossians and their descendants now live primarily in Britain, Mauritius and the Seychelles. Some have fought unsuccessfully in UK courts for many years for the right to go home.

The UK-Mauritius deal calls for a resettlement fund to be created for displaced islanders to help them move back to the islands — apart from Diego Garcia.

Published on January 20, 2026

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