Automobile, pharma, tourism sectors expected to grow at rapid pace: PM Modi
Automobile, pharma, tourism sectors expected to grow at rapid pace: PM... Key Points
The Tribune IndiaAutomobile, pharma, tourism sectors expected to grow at rapid pace: PM Modi
Automobile, pharma, tourism sectors expected to grow at rapid pace: PM... Key Points
The Tribune IndiaAutomobile, pharma, tourism sectors expected to grow at rapid pace: PM Modi
Automobile, pharma, tourism sectors expected to grow at rapid pace: PM... Key Points
The Tribune IndiaRupee's upside momentum faces US inflation, RBI test
The Indian Rupee is expected to open mostly unchanged on Tuesday, with investors awaiting U.S. inflation data for possible cues on when the Federal Reserve might begin interest rate cuts. Key Points
Business TodayFrom Vivo V30 Pro to Xiaomi 14: Upcoming smartphones expected to launch in March 2024
In the upcoming months, smartphone enthusiasts can expect the launch of Xiaomi 14 with a 120Hz OLED display, Nothing Phone 2a featuring a 6.7-inch OLED screen, and Samsung Galaxy A55 rumored to have a Full HD+ OLED display and Exynos 1480 processor. Key Points
mint
Automobile, pharma, tourism sectors expected to grow at rapid pace: PM Modi
Automobile, pharma, tourism sectors expected to grow at rapid pace: PM... Key Points
The Tribune IndiaTop 5 electric car (EV) launches between Rs 11 lakh and Rs 40 lakh in 2024
With advancement in green technology, improving EV infrastructure and multiple entrants flooding the Indian market, potential buyers have been drawn to all-electric offerings in the past couple of years. Though the real EV party for carmakers will begin from 2025 onwards, there are still several models lined up for launch in 2024. Key Points
Economic TimesOECD raises global growth outlook on US strength
The global economy is expected to hold up better this year than previously predicted, thanks to an improved outlook in the United States which offsets the weakness in the euro zone, according to the OECD. The OECD's latest outlook forecasts a world economic growth rate of 2.9% for this year, higher than the 2.7% predicted in November. The US economy is expected to grow 2.1% in 2024 and 1.7% in 2025, with lower inflation boosting wage growth and triggering interest rate cuts. China's growth is predicted to slow to 4.7% in 2024 and 4.2% in 2025 due to real estate market wobbles and weak consumer confidence. Key Points
Economic TimesIndia's lower fiscal deficit target a 'surprise' - ICRA's Nayar
India's budget surprises with lower-than-expected fiscal deficit target, deviating from expectations of a fiscal-centric approach, according to the chief economist of credit rating agency ICRA. The government aims to reduce fiscal deficit to 5.1% of GDP, lower than the expected 5.3%. Gross borrowing is planned at 14.13 trillion rupees, lower than the anticipated 15.60 trillion rupees, as the government plans to repay maturing debt through the Goods and Services Tax compensation fund. The Reserve Bank of India is expected to cut rates in August or October depending on monsoon conditions. Key Points
Economic TimesIndians may get the highest pay hikes in Asia-Pacific region this year: Survey
In the Asia-Pacific region, Vietnam comes a far second, with a 6.7% median pay hike expected in 2024 (6.8% in 2023), followed by Indonesia with 6.5% (6.4% last year), according to the survey. Employees in Japan are likely to get the lowest increment at 2.5% (2.7% last year). Key Points
Economic Times
26 trains delayed in Delhi due to fog, central India to get colder from Jan 5-11
In central India, night temperatures are likely to drop during January 5-11, leading to cold wave conditions. Day temperatures are also expected to be below normal, particularly in Madhya Pradesh, parts of Maharashtra and Uttar Pradesh. Key Points
India TodayStocks to buy: DMart, Cera, La Opala among preferred retail stock picks for up to 33% upside
Within footwear, Metro will outpace Relaxo, Campus and Bata India. Grocery segment is expected to register recovery led by Avenue Supermarts (DMart), Centrum Broking said. Key Points
mintRBI monetary policy: Gov Shaktikanta Das expected to hold rates at 6.50%; what experts say
RBI MPC announcements: Governor Shaktikanta Das is expected to retain rates at 6.50 per cent, while maintaining the stance of withdrawal of accommodation. Key Points
Business TodayUS Fed hike on expected lines; RBI to take a balanced view: Analysts
The US Federal Reserve's 0.25% interest rate increase was expected and paved the way for India's reserve bank to take a measured approach to policy-making, according to analysts. Edelweiss mutual fund's Managing Director and Chief Executive Radhika Gupta said the Fed statement permitted the potential for more rate hikes, but the Indian economy currently didn't need further increases. Key Points
Economic TimesWhat will happen after cyclone Biparjoy makes a landfall?
Cyclone Biparjoy is expected to make a landfall near Jakhau Port in Gujarat's Kutch district later this evening. Even though the storm has lost some energy, it is still expected to cause signficant damage in Gujarat's coastal areas. Key Points
The Indian Express
Rough sea waves seen in Mumbai as Cyclone Biparjoy intensifies, high tides expected
The Gateway of India witnessed turbulent sea waves due to the approaching cyclone Biparjoy, which is expected to hit the coast of Gujarat on Thursday. Biparjoy is expected to make landfall near the Jakhau coast, Gujarat in the evening and will traverse all along the Rann of Kutch up to Rajasthan. Key Points
Economic TimesIndian bond yields seen lower after RBI’s currency move to aid liquidity, debt buy
The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 6.95% to 7.01% range after closing at 7.0106% in the previous session. Key Points
FinancialexpressDMart Q4 Preview: PAT expected to rise up to 44%; margins likely under pressure
Retail chain DMart's revenues are expected to grow in double digits, while margins may contract due to lower discretionary spending and higher store addition. DMart's net profit is seen rising by 19-44% according to an average estimate of five brokerages. The company added 18 new stores bringing the total to 324, and sales per sq ft may remain under pressure due to larger store sizes and lower discretionary and general merchandise sales. Consolidated revenue is expected to grow by 35% YoY to INR 11,870 crore, with adjusted revenue estimated to grow ~12% on a like-to-like basis. Key Points
Economic TimesKotak Mahindra Bank Q4 preview: NII seen rising 31% YoY, profit growth to be muted
Kotak Mahindra Bank is expected to report high double-digit growth in net interest income for the quarter ended March, with improvement in profitability. However, growth in the bottomline is expected to be in single digits due to high base effect. Key Points
Economic TimesAxis Bank Q4 preview: Citi integration costs may drag bottomline, margin outlook eyed
Axis Banks Q4 earnings are expected to be impacted by the one-off costs due to the integration of Citibank Indias business, leading to net losses, according to some analysts. The estimated net loss ranges from INR 54.12bn to INR 55.26bn, while others have excluded the integration costs from their calculations. The banks strong core performance is projected despite one-off costs, led by high double-digit growth in net interest income, lower bad loans, and net interest margin. Key items to watch from the management include business plans, near-term growth trends, and margin trajectory. Key Points
Economic Times
IMD predicts cloudy sky in Delhi-NCR today, rainfall over Western Himalaya region from April 26 | Details here
The India Meteorological Department (IMD) has predicted partly cloudy skies in the national capital and neighbouring areas for Tuesday. A fresh spell of thunderstorm and hailstorm activity is expected over Madhya Maharashtra, Marathwada and other states from tomorrow. Key Points
India TodayWheat output may be below govt estimate of 112 mt: Agriwatch
The estimate is higher than last year's 97.7 mt, said Agriwatch CEO Santosh Jhanwar, adding that the estimate is a result of two rounds of field surveys, weather analysis and remote sensing data analysis from nine states and 80 districts across the country. Key Points
Economic TimesIndia bond yields seen rising tracking oil prices; H1 borrowing plan weighs
The 10-year benchmark 7.26% 2032 bond yield is expected to be in a 7.33%-7.38% range on Monday, after closing at 7.3180% on Friday. Key Points
FinancialexpressIndia expected to be one of the major beacons of economic growth: KPMG
This despite a sluggish growth of 4.4 per cent during the last quarter of calendar year 2022 as compared to 6.3 per cent in Q3 2022, the report said. The efforts of the Union Budget 2023-24 to improve the disposable income of taxpayers in the country is expected to boost consumption via an increase in discretionary spending, it notes. Key Points
Economic TimesOnePlus Nord CE 3 Lite 5G specs leaked ahead of launch: All you need to know
OnePlus Nord CE 3 Lite 5G specifications have leaked ahead of the phone's official launch in April this year. The leaked specs include a 6.7-inch, FHD+, 120Hz LCD display, 108MP main camera, and a 5,000mAh battery. Here is all you need to know. Key Points
India Today
Indian banks, NBFCs can weather global banking stress: Report
Credit cost is expected to fall to 0.9% in 2023-24 from 1% in 2022-23. Return on assets is expected to remain at similar levels. Key Points
FinancialexpressQ4 results today: What UltraTech, SBI Card, Star Health and IndiaMart numbers might look like
Nifty companies UltraTech, SBI Cards, Star Health and IndiaMart will release their Q4 earnings today. Motilal Oswal predicts UltraTech Cement's sales volumes growth by 14% YoY and 22% QoQ. SBI Card's revenue growth is expected at 15% YoY, while NII growth is seen at 3%. Kotak Institutional Equities estimates Star Health to report a net profit of Rs 81 crore this quarter. Lastly, IndiaMart is expected to report robust revenue growth, while the bonus issue will be considered with the Q4 results. Key Points
Economic TimesIMF projects strong India growth in 2024, says global 'soft landing' in sight
Growth in India is projected to remain strong at 6.5% in both 2024 and 2025, with an upgrade from October by 0.2 percentage point for both years Key Points
mintMaharashtra budget today, here’s what to expect from Shinde-Fadnavis’s first budget
Maharashtra's deputy CM Devendra Fadnavis, who holds the finance and planning portfolios, will be tabling the state budget for the financial year 2023-24. Here is what can be expected from Shinde-Fadnavis’s first budget. Key Points
India TodayHCLTech Q3 results preview: Revenue to grow better than peers; company may retain FY24 guidance
The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 cr, and net profit is expected to increase by nearly 7% to Rs 4,085 cr, according to the average of estimates given by 11 brokerage firms. Key Points
Economic Times
Delhi-Mumbai Expressway: Vadodara stretch open, travel time and other details
Besides the Vadodara stretch, a 202 km section between Sohna-Dausa, and 244 km in Madhya Pradesh are also opened for public. The 1,386 km corridor is expected to be completed by 2024. Key Points
mintRs 2,000 note withdrawal impact may be short-lived
This is because unlike in 2016, Rs 2,000 note is not being demonetised, said experts. Broadly, digital payments, consumer durables and bank deposits are expected to get a boost. Key Points
FinancialexpressFintech revenues to grow sixfold by 2030: BCG
Revenues or financial technology companies are expected to grow sixfold to $1.5 trillion by 2030, a report by Boston Consulting Group (BCG) and QED Investors showed. Key Points
FinancialexpressIndia’s capex run to continue; resembles 2003-07 period: Morgan Stanley
Indias capex cycle is expected to continue its run, with the current uptick resembling the 2003-07 period when growth averaged 8.6%, Morgan Stanley said. Key Points
Economic TimesAsia Cup 2023: Rain may disrupt India-Pakistan match on Sep 2; check Kandy's weather forecast
Sri Lanka's central weather forecasting agency on Wednesday predicted rain in several provinces. It said the prevailing showery condition is expected to continue in the southwestern part of the Island during the next few days. Key Points
Business Today
Charting the Global Economy: Cash crunch in India, China losing momentum
Chinas industrial output, retail sales and fixed investment grew at a much slower pace than expected in April. A major worry was the jump in the unemployment rate for young people to a record high of 20.4%. Key Points
Economic TimesAfter days of pleasant weather, heatwave likely in most parts of India, temp to reach 45 degrees Celsius
The IMD said parts of Rajasthan, Uttar Pradesh and central India are expected to record temperatures as high as 45 degrees Celsius. Delhi and its neighbouring areas are likely to witness temperatures above 40 degrees Celsius. Key Points
India TodayExplained: How faster tech, green energy adoption is reshaping global jobs landscape
A report released by the World Economic Forum (WEF) suggests that in the next five years, almost a quarter of jobs i.e. 23 per cent are expected to change through growth of 10.2 per cent and decline of 12.3 per cent. Key Points
India TodayEastern India may experience heat wave in May, says IMD
Above-normal temperatures are expected in parts of eastern India such as Bihar, Jharkhand and Odisha in May, according to the India Meteorological Department. Heatwave conditions are possible, although parts of west-central and northwestern India will see cooler days and warmer nights. The normal rainfall in May is projected to be 91-109% of the Long Period Average. Key Points
Economic TimesWall Street drifts at end of bumpy week
The Dow Jones Industrial Average was up 213 points, or 0.6%, at 34,039, as of noon Eastern time, while the Nasdaq composite was 0.3% higher. Key Points
mint
India bond yields may dip tracking US peers, RBI policy key
The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.28-7.33% range on Wednesday after closing at 7.3142% on Monday. Key Points
FinancialexpressVivo X Fold 3 Pro might come with Snapdragon 8 Gen 3 chip, check rumoured specs
Vivo X Fold 3 Pro might be launched in China this month. The phone is expected to sport Snapdragon 8 Gen 3 chip and a large battery. Here are all expected specs of the device. Key Points
India TodayGoa set for sizable pre-monsoon burst in transition from El Nino
El Nino's impact transitions to La Nina, affecting the Indian monsoon with heavy rainfall expected. Goa's cooling trend underscores climate changes. I Key Points
Times Of IndiaMayuresh Joshi on 3 stocks that can be bought on dips now
Mayuresh Joshi, Head-Equity Research India at William O'Neil, recommends buying opportunities in stocks like Exide, Amara Raja, and Pidilite in the midcap space. He also suggests considering midcap IT stocks and pharma companies like Sun Pharma, Cipla, Natco, and Torrent Pharma. Joshi says they will be keeping eyes open for any pullback in stocks like Persistent and Coforge within midcap IT space. Key Points
Economic TimesYields slide, stocks seesaw as markets mull rate cut outlook
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - U.S. Treasury yields fell further and a gauge of global equity markets tried to rebound on Thursday as investors took the long view that Key Points
ThePrint
'Cold day' conditions to persist in UP, Haryana, Punjab for next 2 days
Dense to very dense fog is expected to continue over northwest and East India during the next three days and gradually decrease thereafter. In Punjab, the dense fog is likely to persist in some parts till January 5. Key Points
India TodayHurricane tracker: What is Fujiwhara Effect? Will tropical storms Rina and Philippe really dance together?
Storms Rina and Philippe will dance together over the Atlantic Ocean. Really? Know in detail what is this and what it means. Key Points
Economic TimesIndia bond yields seen little changed before RBI minutes
The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.20% to 7.25% range, after closing at 7.2251% in the previous session, a trader with a private bank said. Key Points
FinancialexpressChina searches for signs of economic momentum
Official figures on Tuesday are expected to show gross domestic product grew 3.9% in the first quarter compared to a year prior, according to the median estimate in a Bloomberg survey of economists. While that would be an improvement on the 2.9% expansion recorded in the October to December, it's still below the official target for full-year growth of around 5%. Key Points
Economic TimesQ2 results season kicks off this week. 32 companies may report over 100% profit growth
Domestic cyclicals like banks, auto and capital goods are likely to lead earnings growth while healthcare and technology may clock a moderate earnings growth. Motilal Oswal sees Nifty earnings growing by 21% YoY in Q2 while Kotak Equities has predicted 23% growth. Key Points
Economic Times