After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt
Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either. Key Points
ThePrint10 yrs of 'Make in India' & the manufacturing sector is back to where it was in 2013-14
'Make in India' launched to make India manufacturing hub. On its 10th anniversary, it illustrates 'collective resolve of 140 crore Indians'. Key Points
ThePrint20L formal jobs created in July, biggest monthly addition to EPFO. 3 lakh women entered job market
The retirement fund body added 10.52 lakh new members in July—an increase of over 2.66 percent from June. Maharashtra alone contributed 20.21 percent of the total new additions. Key Points
ThePrintRural India has an 80% shortfall of specialist doctors. MP, Gujarat, Tamil Nadu worst off
Findings mentioned in Health Dynamics of India 2022-23 report released by health ministry. Data show that availability of specialists in urban areas was slightly better. Key Points
ThePrintFood makes up less than half of an Indian household's monthly bill, a first since Independence
A working paper by the EAC-PM has found that monthly per capita expenditure is up across rural and urban India. But food is occupying a smaller share of this spending than before. Key Points
ThePrint
No duty room for 45% doctors on night shifts, safety measures worse in govt hospitals, says IMA survey
Survey sought responses by 3,885 doctors—both from public & private hospitals—from 22 states & UTs. Nearly 80% of those surveyed were junior doctors, who are mostly on night duties. Key Points
ThePrintIndians buying smaller shampoo packs, less noodles & clothes. What’s halted FMCG sector’s revival
Fast-moving consumer goods companies, most of which derive big share of earnings from rural markets, struggling to meet sales targets. Consumers buying cheaper products, smaller packs. Key Points
ThePrintIndian markets rebound in line with Asian indices, Sensex, and Nifty open up by over 1 pc
Mumbai (Maharashtra) [India], August 6 (ANI): After witnessing a sharp downturn on Monday, the Indian stock market opened in green territory on Tuesday, giving investors hope. The benchmark Nifty50 at the National Stock Exchange (NSE) opened at 24,189.85, up by 290.60 points or 1.21 percent, while the BSE Sensex opened higher by 949.21 points or […] Key Points
ThePrintBack in Focus! Nomura turns bullish on Indian IT sector; upgrades Infosys, TCS, HCL Tech, and Wipro
Nomura’s positive outlook on Indian IT sector is driven by revenue growth bottoming out. Top picks: Infosys, Wipro, TechM, Coforge, Birlasoft. Key Points
mintNo coalition-linked slowdown expected as RBI raises FY25 growth outlook to 7.2%
The central bank’s monetary policy committee also kept interest rates unchanged at 6.5%, although the number of dissenting voices grew. Key Points
ThePrint
Portfolio optimisation: Experts recommend over 50% investment in equities; how much should you allocate to gold, debt? | Stock Market News
Indian markets recover impressively post election turbulence, surging by 6%. RBI revises FY25 GDP growth forecast to 7.2%. Experts recommend diversified portfolio with 50% in equities, 10-35% in gold, and 15-25% in fixed income to optimise returns amidst volatility. Key Points
mintAhead of election results, new govt data shows India’s GDP surged 8.2% in 2023-24
Strong 2023-24 growth was bolstered by 7.8% growth in last quarter of FY24. Govt had estimated 7.6-8% growth for the year. Key Points
ThePrintPrivate sector green shoots & strong manufacturing, but elevated inflation: India's FY24 report card
India’s capital market stood out despite global headwinds. Consumption showed uneven growth. Some high frequency indicators point to resilience in urban demand, but rural demand a concern. Key Points
ThePrintIndia ranks low in strategic relevance in Southeast Asia, China edges out US, finds Singapore institute
New Delhi has been actively pushing Act East policy. A majority don't consider it as strategically influential power for ASEAN in 2024, finds Singapore's ISEAS-Yusof Ishak Institute. Key Points
ThePrint'Aadujeevitham - The Goat Life' box office collection day 1: Prithviraj Sukumaran's intense survival thriller mints Rs 7 crore in India
Prithviraj Sukumaran and Blessy's film 'Aadujeevitham' narrates Najeeb's slavery, earning Rs 7.75 crore in India. Starring Amala Paul, Jimmy Jean-Loui Key Points
Times Of India
World markets today: US stocks start holiday-shortened week in red
The Nasdaq Composite saw a decrease of 0.13 percent to 16,406.66, while the Dow Jones Industrial Average experienced a decline of 0.30 percent, settling at 39,357.68. Key Points
mint5 banks offer higher FD interest rate above 7 percent. Details here
HDFC Bank offers interest rate on its fixed deposits in the range of 3 percent to 7.25 percent per annum. The highest interest rate of 7.25 percent is offered on term deposits that are of tenure between 18 months and 21 months. Key Points
mintTata Motors vs M&M: Which auto major should you pick for the long term?
Auto space has witnessed a strong outperformance this year as well as in the last 1 year on the back of significant volume expansion and enhanced operational efficiency. Let's analyse between Tata Motors and M&M, which auto stock has better long-term investment opportunities. Key Points
mintIndia's current economic boom similar to that of 2003-07? Morgan Stanley thinks so, lists 5 parallel trends
In a recent note, global brokerage house Morgan Stanley believes that the current India's economic boom closely resembles that of 2003-07. MS has also highlighted the following five characteristics, which should help investors frame their approach to India in this cycle. Key Points
mintShortfall in central grants to poor quality of expenditure — what budgets of Bihar, Punjab & UP show
For FY25, Bihar's assumption of revenue surplus seems optimistic, while UP's seems doable. In Punjab, main concern is that targeted reduction in fiscal deficit is to come by cutting capex. Key Points
ThePrint
Higher empowerment helping women influence major consumption decisions: Report
Women's influence on consumption decisions in India is growing, with notable presence in sectors like IT and consumer staples. The rise in female representation on boards and workforce reflects changing societal norms and increased financial independence. Key Points
Economic TimesCaste disparity, fear of violence & no family time — survey puts numbers to gig workers' troubles
'Prisoners on Wheels?' report surveyed over 10,000 cab drivers & delivery persons on apps across 8 cities. Mental and physical health issues, dissatisfaction with fares also among findings. Key Points
ThePrintUS consumer inflation up unexpectedly in February
US consumer inflation in February surprised with an acceleration, raising concerns for policymakers considering interest rate cuts. The annual consumer price index was 3.2%, with the core measure at 3.8%. The Federal Reserve may start reducing rates this year if there is progress in lowering inflation. Key Points
Economic TimesJapan's Nikkei surpasses 40,000 points for first time
Japan's benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street.The Nikkei added 0.84 percent, or Key Points
Times Of IndiaIndia has more unemployment than Pakistan, claims Rahul Gandhi, says PM Modi is responsible for this
Congress MP Rahul Gandhi highlighted the rising unemployment rate in India during his Bharat Jodo Nyay Yatra in Morena. He emphasized that India's unemployment rate is double that of Pakistan and Bangladesh. According to a World Bank report, India's youth unemployment rate in 2022 was 23.22 percent, higher than its neighbors. Key Points
Economic Times
Opening bell: Sensex, Nifty surged after strong GDP data, foreign fund inflows
India Business News: Sensex and Nifty surged on Friday driven by robust GDP data and foreign fund inflows. India's economy grew at 8.4 percent in Q4 2023. Major gainers we Key Points
Times Of IndiaModi & Rahul among most popular leaders in domestic appeal across 24 countries, finds Pew report
Indian PM is third in list of national leaders after Indonesian & Mexican presidents. 72% percent of respondents in India are satisfied with current system of democracy. Key Points
ThePrintHere are 5 key takeaways from Household Consumption Expenditure Survey 2022-2023 highlights
Other key findings include spending on food falls in expenditure of rural households in 11 years. Report made after survey of 2.76 lakh-plus households across country. Key Points
ThePrintWhirlpool Of India's share price falls 6% to 52-week low as Jefferies downgrades stock, sees 11% downside potential
Whirlpool Of India's share price falls 6 percent on Tuesday following a downgrade by global brokerage house Jefferies amid hypercompetitiveness in the consumer durables segment. The brokerage reduced the target price for the firm to ₹1,125 from ₹1,265. Key Points
mintITC vs HUL: Which FMCG stock should you pick for long term?
FMCG companies reported muted performance in Q3FY24 due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. Amid this environment, let's analyse between ITC and Hindustan Unilever (HUL), which stock has better long-term investment opportunities. Key Points
mint
Potential Multibagger: After a 49% decline from listing price, AMSEC sees over 119% upside in Ideaforge in 2 years
Last week (Feb14), Ideaforge hit its record low of ₹689, down 49% from its listing price (record high) and up just 2.5% from its IPO price. Despite such a dismal performance, Asian Market Securities (AMSEC) sees the stock delivering multi-bagger returns by December 2026. Key Points
mintDespite a 17% fall in 2024 YTD, Morgan Stanley sees a 49% upside in HDFC Bank; here's why
HDFC Bank share price has been on a downward trend, falling over 15 percent in the last 1 year and almost 17 percent in 2024 YTD. Despite the recent correction, global brokerage house Morgan Stanley sees over 49 percent upside in the largest private sector lender. Key Points
mintIndia’s resilient economy faces risks from Red Sea, higher US inflation & patchy recovery in China
The domestic economy continues to show resilience as reflected in the robust growth projections for the coming year. However, global challenges could pose headwinds to India’s growth outlook. The Israel-Hamas conflict resulting in a resurgence in global crude oil prices poses an upside risk to domestic inflation. The disruptions to trade and rise in freight […] Key Points
ThePrintDespite a 169% run in 1 year, Equirus Capital sees another 43% upside in Thangamayil Jewellery
Equirus Capital expects a 42 percent upside in jewellery stock ano(TJL) by March 2025. Strong visibility and robust financials would enable TJL to command a premium multiple than current levels, it said. Key Points
mint6 banks offer highest interest rates on their fixed deposits; check latest rates here
ICICI Bank offers 7.40 percent to one-year fixed deposits (FDs). It falls to 7.30 percent when the tenure is increased to anywhere between 390 days to 15 months Key Points
mint
58% young urban Indians want greater economic engagement with China, ORF survey finds
Survey conducted last year among 5,000 respondents aged 18-35 across 19 cities. Survey report launched Monday by Union Home Minister Amit Shah. Key Points
ThePrintIndia’s industrial output in 2021-22 rebounded from Covid lockdown to surpass pre-pandemic levels
New govt data on industrial production reveals output in 2021-22 surpassed levels of 2018-19 & 2019-20. Data shows employment and wages also rebounded strongly in these sectors. Key Points
ThePrintIndia’s economic growth projections revised upwards, but consumer sentiment remains sluggish
IMF has raised India’s growth projections for current and next 2 financial years. Yet, results of major FMCG companies, and govt’s own data, shows public consumption remains subdued. Key Points
ThePrintIMF raises 2024 global growth forecast to 3.1% citing unexpected 'resilience'
Despite the upgrade, the IMF predicts that global growth will remain below its recent historical average of 3.8 percent this year. Key Points
mintUS Fed's favored inflation gauge rises before rate decision
The US Federal Reserve's battle against rising prices continues as the personal consumption expenditures (PCE) price index rose at an annual rate of 2.6 percent last month. Headline PCE inflation also increased by 0.2 percent in December. However, core inflation, which excludes food and energy costs, rose by 2.9 percent in the year to December. Despite these upticks, the Federal Reserve is expected to remain on hold at its next interest rate decision announcement. Fed officials have indicated it is too soon to start lowering rates. Key Points
Economic Times
HDFC Bank’s era of premium valuations is over
Financial metrics that stood out in the industry gave HDFC Bank a premium valuation that was competitors envy. Now that it resembles its peers, the valuation may also remain aligned. Key Points
The Economic TimesRailway stocks jump up to 15% in intra-day deals to their new highs; soar up to 75% just in Jan ahead of Budget
Shares of railway-related companies continued their upward trend, jumping up to 15 percent to their respective new highs on Saturday amid expectation of higher allocation for Indian Railways in the upcoming Budget 2024. Just in the current month, the railway stocks have surged up to 75 percent. Key Points
mintStock market today: BSE Sensex surges 650 points, Nifty50 above 21,600 as bulls charge back
The stock market today witnessed a surge as BSE Sensex and Nifty50 rebounded after consecutive days of decline. Bulls charged back with BSE Sensex surging over 650 points and Nifty50 crossing the 21,600 level. Stay updated with the latest market trends. Key Points
Times Of IndiaIt’s not just jobs: 2-yr Punjab study says drugs, corruption driving rural youth’s exodus abroad too
'Overseas Migration from Rural Punjab: Trends, Causes and Consequences’ study by Punjab Agriculture University professors was conducted between 2021-2023. Canada preferred destination for 42%. Key Points
ThePrintUS wholesale prices unexpectedly fell in December
In December of the previous year, US wholesale prices unexpectedly decreased, defying predictions, as reported by government data. The producer price index (PPI) fell by 0.1 percent, following a similar decline in November, mainly due to a sharp drop in the energy index. Key Points
Economic Times
Personal loan: Lowest interest rates offered by 6 major banks including HDFC Bank, SBI, ICICI Bank – check full list
Raising a personal loan is quite easy if you are a salaried employee. The documents required for the same include the past three months’ salary slips, bank statement and ID proof documents such as driving license or Aadhaar card. Key Points
mintInfosys Q3 results: Tech giant sees ADRs jump by 5% despite decline in net profit
Infosys witnesses a 7.3% YoY decline in net profit to ₹6,106 crore in Q3 FY24. Despite the decline, Infosys shares listed on the US stock market rose by 4.9% during opening trade on January 11. Key Points
mint35,000 after 34 years! Japan's Nikkei raises hopes, here's what's happening
India Business News: The benchmark Nikkei 225 index recorded a 1.77 percent increase, or 608.14 points, closing at 35,049.86. This marks the first instance since February Key Points
Times Of IndiaMultibagger stock: Up 955%, Mazagon Dock shares turned ₹10,000 into ₹1 lakh in 3 years; should you buy?
Shares of defence firm Mazagon Dock Shipbuilders have given exceptional returns to their investors in the last 3 years. The stock surged from ₹218 in January 2021 to around ₹2,300 currently, rallying almost 955 percent in 3 years. Key Points
mintUnion Budget 2024 fiscal deficit target: Will FM Sitharaman prioritise fiscal responsibility once again?
Budget News: India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus o Key Points
Times Of India
Mauritius-based FII buys stake in this multibagger stock; shares hit upper circuit
Shares of consumer firm Cupit hit its 5 percent upper circuit of ₹1,21.80, also its new high on Thursday after Mauritius-based FII bought stake in it. It has now skyrocketed 432 percent from its 52-week low of ₹235.30, hit on March 29, 2023. Key Points
mintBrigade Enterprises shares rally over 13% to new high as CRISIL reaffirms its long-term rating
Shares of Brigade Enterprises (BEL) rallied over 13 percent on Thursday to hit a new high of ₹983.65 apiece on the BSE after CRISIL reaffirmed the long-term rating for the credit facilities of ₹350 crores to be availed by the company from the bank(s). Key Points
mintUS stocks: All three major indices in red, S&P 500 slips 0.5%, Dow 4% after opening
US stocks slumped to start Wednesday with all three major US indices in the red. Around 10 minutes into trading, the Dow Jones slid 0.4% to 37,571.60, while the S&P 500 Index lost 0.5% to 4,718.88 and the Nasdaq retreated 0.6% to 14,670.94 Key Points
mintSalaar vs Dunki: Prabhas action movie outbeats Shah Rukh Khan's drama, check BO collections here
A week after the release of both big budget films, Prabhas starrer movie 'Salaar Part 1: Ceasefire' is making producers and distributors smile. While Shah Rukh Khan's drama film is behind in the box office collection race. Key Points
mintBanks' bad debts drop to 3.2% in 1st half of 2023-24, lowest since 2013. Over 50% due to write-offs
Share of gross non-performing assets of Scheduled Commercial Banks has fallen consistently since March 2018. But RBI report shows recoveries from written-off loans remain low. Key Points
ThePrint
Rising capex share, falling subsidy burden — how Modi govt’s spending priorities differ from UPA’s
Last 20 years' data shows capex share in spending has risen since 1st term of Modi govt in 2014-15 & that of subsidies has dropped. Under UPA between 2004-2014, subsidies rose while capex fell. Key Points
ThePrintPick of the week: Axis Securities sees 10% upside in HG Infra Engineering; here's why
Despite a 10 percent fall in the stock in the last 2 months, domestic brokerage house Axis Securities has picked HG Infra Engineering as its 'top pick of the week'. The brokerage has a ‘buy’ call on the stock with a target price of ₹935, implying a potential upside of 10 percent. Key Points
mintSanctions, prolonged war haven't hurt Russia as much as West hoped, but long-term cost is inevitable
There has been no drastic fallout of sanctions since Russia found customers for its oil in China & India, among other reasons. But Iran is proof that extended sanctions do have an impact. Key Points
ThePrintFood inflation getting more persistent & widespread and, unfortunately, showing no signs of easing
RBI has retained its inflation projection at 5.4% for the current year. Uncertainties in food prices and volatility in global crude oil prices continue to keep 4% target out of reach. Key Points
ThePrintPersistent Systems listed as ‘top pick of the week’ by Axis Securities – 4 key reasons
After an almost 73 percent jump in the stock in 2023 YTD, brokerage house Axis Securities has chosen Persistent Systems as its top pick of the week. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10%. Key Points
mint
Nifty hits 21k as RBI keeps repo rate unchanged: Where should you invest?
The benchmark Nifty hit a new peak, breaching the 21,000 level for the first time ever today, December 8. The Nifty index hit a new high of 21,006.10, rising as much as 105 points. The MPC decision to hold rates appears favorable for the equity markets, providing an additional boost. Key Points
mintRBI hikes GDP growth estimate for FY24 from 6.5% to 7%. Demand revival & govt capex among factors
RBI’s monetary policy committee voted to keep interest rates unchanged at 6.5%, says RBI Governor Shaktikanta Das. Adds, inflation is set to ease further to 5.2% by end of financial year. Key Points
ThePrintFive factors that could hamper RBI's optimistic GDP forecast for current fiscal and beyond
The RBI's other significant concern is the overheating in certain retail segments. Last month, the RBI increased the risk weights in unsecured loans and banks' funding to NBFCs. Key Points
Business TodayGerman factory output drops again in October
International Business News: German industrial production fell for the fifth consecutive month, declining by 0.4 percent in October. The drop was largely driven by a 6.3 percent d Key Points
Times Of IndiaBanking CEOs warn of economic uncertainty: Is a US recession on the horizon?
Soaring inflation has plagued the nation, decreasing from 9 percent in June 2022 to 3.2 percent in October 2023 but still exceeding the Fed's 2 percent target. Key Points
Hindustan Times