Private sector activity rises to eight month high of 61.3 in March
Indias private sector output rose to its highest level in eight months to 61.3 in March compared with 60.6 in the previous month, according to results of a private survey released Thursday. Key Points
Economic TimesIndia's March business activity ends fiscal year on strong note
India's economy surged in March, marking its fastest expansion in eight months per HSBC's PMI. Manufacturing led growth, hitting its highest level since 2008, with robust demand and strong exports. Despite rising prices, optimism for the year ahead increased, fostering hiring. However, inflationary pressures may deter rate cuts by the Reserve Bank. Key Points
Economic TimesFor risk takers with long-term perspective: 5 midcap stocks with upside potential of up to 47%
Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air. Key Points
Economic TimesBitcoin near $54,000 mark, the highest in two years
Bitcoin saw a rise of up to 3.5 percent, reaching $53,600. The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69,000 the preceding month. Key Points
mintAre you saving enough for a carefree retired life?
India News: Learn how to save enough for a carefree retired life and maintain your current lifestyle. Get tips on building a retirement corpus, investing wisely, and managing inflation. Key Points
Times Of IndiaStocks, dollar slip ahead of Fed decision on rates
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was Key Points
ThePrintDecember beats November to give Nifty best returns in 1.5 years
As against Nifty's 20% rise in the calendar year 2023, the midcap index is up by almost 45% and the smallcap index is up by 55%. This trend is likely to be reversed in 2024, according to analysts. Key Points
Economic TimesNovo, Lilly rivals explore booming weight-loss drug market entry
Novo Nordisk (NOVOb.CO) and Eli Lilly (LLY.N) have pulled ahead in the race for a slice of the weight-loss drugs market, expected to be worth $100 billion by the end of the decade, and rivals are looking to catch up through acquisitions and trials. Key Points
ReutersUK's new car sales up 9.5% in November as fleets snap up latest vehicles
International Business News: New car sales in Britain grew 9.5% YoY in November, nearing pre-pandemic levels as fleets invested in the latest vehicles. The Society of Motor Manufa Key Points
Times Of IndiaPassenger vehicle wholesales at highest-ever in November
According to industry estimates, about 335,354 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, an increase of 3.9% over 322,600 units sold in the same period last year. Industry numbers were supported by market leaders Maruti Suzuki and Hyundai Motor India which reported a growth of 1.3% (134,158 units) and 3.1% (49,451 units), respectively last month. Key Points
Economic Times
India’s November manufacturing PMI rises to 56.0 from 55.5 in October
The findings were positive for Asia's third-largest economy, which grew a surprisingly strong 7.6% last quarter, slightly slower than the 7.8% growth seen in the April-June quarter but remaining on track to be the fastest growing major economy this fiscal year. Key Points
Business TodayAsia shares start Dec on cautious note, oil nurses losses
By Stella Qiu SYDNEY (Reuters) - Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the U.S. are poised to cut Key Points
ThePrintDow Jones rallies to year's highest close, caps blockbuster month
The S&P 500 and the Nasdaq notched their largest monthly percentage gain since July 2022. November was the Dow's best month for percentage gains since October 2022. Key Points
mintHindu festival calendar December 2023: Complete list of festivals in December
December 2023 Hindu Festival Calendar: Though the festive month has ended. Here's a complete list of all the Hindu festivals that fall in this month. Key Points
Hindustan TimesCyber Monday 2023: Best streaming subscription deals and sales to cash in on!
Cyber Monday 2023 brings unbeatable deals on streaming subscriptions and devices. From Hulu to Peacock, Paramount Plus to Sling TV, grab annual subscriptions as low as $12 and discounts up to 50%. Combine Hulu and Disney+ for $2.99/month, and get Amazon Prime's MGM+ at $1.50 for two months. Also, streaming devices like Fire Stick 4K and Roku Ultra offer up to 50% off. Stay tuned for Cyber Monday, November 27, for a shopping spree! Key Points
Economic TimesDollar slides in thin Black Friday trading on bets rates have peaked
By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) -The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan's core consumer Key Points
ThePrintDollar drifts as markets weigh US rates outlook
By Ankur Banerjee SINGAPORE (Reuters) -The dollar was restrained on Friday by uncertainty over the path of U.S. interest rates, while the yen strengthened after Japan's core consumer price growth Key Points
ThePrintHigh street rentals breach pre-pandemic levels
Indian high street rentals, including Khan Market, have exceeded pre-pandemic levels as retailers prefer markets over malls for flagship stores. Major cities like Delhi, Mumbai, Pune, Ahmedabad, and Bengaluru have witnessed rental appreciation on their prominent main streets. Key Points
Economic TimesMorning Bid: Markets fly on Fed and funding
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersSensex down 2,600 points in October as bear killer month turns out to be bull trap
Wiping off over Rs 5 lakh crore of investor wealth in just one day, Sensex lost another 800 points today, taking the total loss in the month so far to 2,600 points. In terms of market capitalisation of all-BSE listed stocks, investors have been left poorer by Rs 9.8 lakh crore in the month. Key Points
Economic Times
India's mineral production rises 12.3% in August
India's mineral production in August 2023 rose by 12.3% compared to the same month in 2022, with an index of 111.9. The cumulative growth for April to Key Points
Times Of IndiaIndia's manufacturing activity eases marginally in September
The Manufacturing Purchasing Managers' Index INPMI=ECI, compiled by S&P Global, fell to 57.5 last month from 58.6 in August. Key Points
India TodayNvidia's market cap climbs amid tech turbulence in August
Nvidia Corp’s (NVDA.O) market capitalization climbed higher in August thanks to its strong profit forecasts, which defied the broader downtrend in mega-cap technology stocks during the past month as an uptick in U.S. bond yields rattled the sector. Key Points
ReutersDalal Street bulls ride in reverse gear in August; what does September have in store?
With just one trading day left in August, benchmarks Nifty 50 and Sensex have lost 1.6% each for the month. This is after clocking 14% gains in the preceding five months. Key Points
Economic TimesU.S. consumer sentiment slips slightly in August
The survey's reading of one-year inflation expectations rose to 3.5% this month from 3.4% in July. The five-year inflation outlook came in at 3.0% for the third straight month, still within the narrow 2.9%-3.1% range for 24 of the last 25 months. Key Points
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Asian shares rise, dollar dips as traders await US inflation data
Asian shares nudged higher and the dollar was at a two-month low on Wednesday ahead of crucial U.S. inflation data that will help gauge whether the Federal Reserve is at the end of its aggressive rate hike policy. Key Points
ReutersMorning Bid: Bond yields recoil on disinflation buzz
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersSawan 2023 festivals full calendar: Dates of Teej, Raksha Bandhan to Janmashtami
The month of Shravan is marked by many fasts and festivals that are observed with fervour and enthusiasm by devotees across the country. Here's complete list. Key Points
Hindustan TimesAmazon’s Prime Day Deals: Enjoy heavy discounts on popular streaming channels
Amazons Prime Day offers huge discounts on streaming services and channels through Prime Video. You can find deals on subscriptions of MGM+, Paramount+, AMC+, Starz, Britbox, Cinemax, PBS Masterpiece, Hallmark Movies and more, with prices as low as $0.99 per month. Key Points
Economic TimesJapan's service activity maintains firm pace as demand picks up: PMI
The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. Key Points
Business Today
Indian economy is humming along even with still-high rates
The needle on a dial measuring the so-called Animal Spirits stayed at six for a second month even as some indicators such as exports and tax collections showed signs of weakness. While four of the eight high-frequency indicators compiled by Bloomberg showed improvement, three worsened slightly and one was little changed. Key Points
Economic TimesTraders continue to bet on rate divergence; rupee remains sideways to bearish
The Indian Rupee showed some strength at the start of June, although historical trends suggest a bearish outlook, and India's forex reserves have declined for two consecutive weeks, reaching $589.14 billion. Key Points
FinancialexpressIndia took even more Russian oil in May, crowding out Saudis
India took 1.96 million barrels a day from Russia last month, 15% more than the previous high in April, according to data from Vortexa Ltd. Shipments from Saudi Arabia slipped to the lowest level since February 2021. Key Points
FinancialexpressTTD announces specific dates for release of darshan tickets at Tirumala temple
The online tickets pertaining to Arjitha Sevas and other formats of darshans at the Lord Venkateswara temple will be available to the devotees on specific dates every month. The Tirumala Tirupati Devasthanams (TTD) has decided to fix a particular date for the release of each type of darshan ticket to avoid uncertainty and confusion regarding the release dates. Key Points
The HinduUS manufacturing contracts in April, but pulls off three-year low
The Institute for Supply Management (ISM) said that its manufacturing PMI rose to 47.1 last month from 46.3 in March, which was the lowest reading since May 2020 Key Points
mint
Retail inflation for industrial workers falls to 5.79% in March: Govt
in March, food inflation stood at 5.02% against 6.13% in the previous month and 6.27% during the corresponding month a year ago. Key Points
mintBoeing rectifies issue with supplier; To step up 737 Max deliveries
Boeing has not changed its long-term guidance for 2025-26, which calls for production of the 737 Max to be upped to 50 per month. It is planning to ramp up production to 38 jets per month by June before hitting 42 per month by January 2024 and 52 a month by January 2025. Key Points
FinancialexpressPM Modi greets people on Eid-ul-Fitr, prays for their prosperity and well-being
People across India are celebrating Eid today. Visuals from Delhi were a sight to behold. People hugged each other after offering namaz at Delhi's Jama Masjid on the occasion of Eid-Ul-Fitr Key Points
FirstpostU.S. consumer price gains slow; underlying inflation still hot
U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month. Key Points
The HinduRamadan lights illuminate London's Piccadilly Circus for first time ever
March 24 will be the first day of Ramadan in India this year as the crescent moon has not been sighted here yet. Elsewhere in Pakistan and Saydi Arabia fasting to begin from Thursday onwards. Key Points
mint
Ramadan 2023: When is Ramadan starting in 2023?
Ramadan 2023 Date, Sehri & Iftar Timings in India, Saudi Arabia, UAE: Muslims keep obligatory fasting known as 'Roza' during this month. Obligatory fasting is one of the five pillars of the Islamic faith. And as the sun sets each day, the fast is broken, known as iftar, which becomes a moment of celebration and delicious food. Key Points
The Indian ExpressIndia's manufacturing PMI slips to lowest level in four months
India's manufacturing sector expanded at the slowest pace in four months in February amid rising borrowing costs & weakness in the sector, a private survey showed on Wednesday. However, the sector remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures. It was well above the 50-mark separating expansion from contraction for a 20th straight month. Key Points
Economic TimesSawan 2023: Date, history, significance and story of Sharavan month
The month of Sawan is considered auspicious by Hindus as it is marked by many important festivals and fasts. All you want to know. Key Points
Hindustan TimesOver 45 Nifty 500 stocks gained between 10% and 50% in Jan so far; Sobha, JBM Auto among top gainers – check full list
47 stocks of Nifty 500 index have experienced notable gains in January so far, with Network18 being the top gainer with a gain of 50%. Other stocks that have seen significant rallies include Sun Pharma Advanced Research, Sobha, JBM Auto, and Easy Trip Planners. Key Points
mintCore growth hits 15-month low of 3.6% in January, high base weighs
The slow growth in the eight core industries - cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel - is likely to be reflected in industrial output as well. These sectors have over 40% weight in the Index of Industrial Production (IIP). We could expect IIP growth to be 2-3% this month. We do not expect any resurgence in consumer goods production this month and hence (growth) will be muted, said Madan Sabnavis, chief economist, Bank of Baroda. Key Points
Economic Times
'The era of global boiling has arrived': UN says July to be hottest month ever recorded
July is set to be the hottest month ever recorded in history, according to the United Nations (UN) and the European Union (EU). Antonio Guterres, the UN Chief, has warned that global boiling has arrived and extreme weather has affected millions of people. According to their data, temperatures in July have already exceeded the average global temperatures, and the month could turn out to be the hottest on record. Key Points
Economic TimesWhy should you invest ₹1.5 lakh in PPF before April 5? Know the reasons here
Investment in PPF instruments earns 7.1 per cent interest per annum and the maximum investment is ₹1.5 lakh. Interest on PPF investment is calculated on a monthly basis and is based on the minimum balance between the 5th and last date of the month. Key Points
mintTop entry-level credit cards with low annual fees: Key features, cashback, reward points
Entry-level credit cards often have a minimal yearly cost and offer straightforward advantages like reward points or money. Here is a look at top entry-level credits. Key Points
Economic TimesWith new-age tech stocks grabbing eyeballs, here’s how MFs placed their bets
While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors. Key Points
Economic TimesIndia business growth at four-month high in January: PMI
India's business activity expanded at the fastest pace in four months in January, according to HSBC's flash India Composite Purchasing Managers' Index (PMI). The PMI rose to 61.0, its highest since September, indicating economic growth. The manufacturing PMI increased to 56.9, and the services industry PMI rose to 61.2, both showing accelerated activity. Key Points
Economic Times
FPIs unleash turbulence with Rs 21,000 cr weekly selloff in sudden shift
In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Key Points
Economic TimesDollar eases in thin Black Friday trading on bets rates have peaked
By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) - The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan's core consumer Key Points
ThePrintCentre directs NAFED, NCCF to procure tomatoes from Andhra, Karnataka to distribute in NCR
The Indian Government has ordered NAFED and NCCF to purchase tomatoes from mandis in Andhra Pradesh, Karnataka and Maharashtra and distribute them in substantial consumption areas across the country. The move follows a 326.13% rise in the national price of tomatoes during the last month caused by poor weather which has hindered distribution. Key Points
Economic TimesIs there still time to park money in fixed instrument for short term? Lakshmi Iyer explains
So the next quarter which is the July, August, September is where you could see some impact of inflation. But is it sufficient enough for RBI to hike interest rates? Well, the answer still seems to be in the negative. We are in for an extended pause. Key Points
Economic TimesRoyal Enfield April sales increase to 73,136 units, exports declined by 49 per cent
Royal Enfield said that domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month. Exports, however, declined by 49 per cent last month to 4,255 units compared to 8,303 months in April 2022. Key Points
mint
Tie-breaker? April likely to bring make-or-break moment for Dalal Street bulls
One can safely say that it was a close fight between Dalal Street bulls and bears, as benchmark Nifty 50 eked out 0.3% gain month-on-month in March, thanks to the 2% gains on the last trading day of the month. Key Points
Economic TimesAsian shares ride high in Q1 but steel for US inflation data
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded. Key Points
FinancialexpressGlobal stocks start September in cautious mood
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) -Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether Key Points
ThePrint