Tyre demand to remain robust amid positive economic environment: JK Tyre CMD
JK Tyre Chairman and MD, Raghupati Singhania expects the domestic tyre demand will remain strong due to the automobile industry's growth and a positive economic environment. The company's consolidated net profit surged five-fold to Rs 249 crore in the September quarter, largely due to its strong performance in the domestic market. Key Points
Economic TimesFY25 outlook bright, need to watch out for CAD: Finmin
India's economic outlook for FY25 is positive with strong growth, stable inflation, and robust external account. The government's capital push boosts private investments. Focus needed on increasing domestic savings, monitoring global challenges, and attracting foreign investments for sustainable growth. Key Points
Economic TimesDiwali 2023 Stock Picks: Bharti Airtel, Coal India among top 5 buys from Stoxbox
Stoxbox has selected quality stocks on technical as well as fundamental parameters. The stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one-year time frame. Key Points
mintVehicle registrations zoom 21% in December
This growth in monthly registrations was a sharp pickup from the previous two years when the numbers had dropped - by 5.4% in December 2022 and 16.6% in December 2021. It has been driven by robust supply of vehicles, better promotional offers and increased consumer appetite to buy new cars, according to industry insiders. Key Points
Economic TimesS&P raises outlook for India to ‘positive’
After a gap of about 10 years, S&P Global Ratings on Wednesday upped India’s outlook to positive from stable on robust growth prospects for next... Key Points
The Tribune India
India’s manufacturing growth rises in November, maintains strong momentum
The PMI rose to 56.0, indicating a robust expansion and maintaining a positive trend for nearly two and a half years, with a reading above the 50-mark separating expansion from contraction. Key Points
India TodayStrong demand in June buoyed manufacturing production, sales & employment, finds key survey
India’s Manufacturing PMI score came in at 57.8 in June, lower than May, but still robust. The level of new orders rose highest since February 2021. Key Points
ThePrintWall Street advances, dollar softens after solid economic data
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced and the dollar softened on Tuesday as robust economic data helped alleviate recession fears stoked investors' risk appetite. All three major Key Points
ThePrintM&M net profit rises 18% in Q4 on robust SUV, tractor sales
Profit in the three months ended March stood at ₹2,637 crore. Revenue grew 25% to ₹32,366 crore from the year earlier quarter. The company declared a dividend of 16.25 per share of face value of ₹5, a 325% payout. Key Points
mintJayy Randhawa starrer ‘Chobbar’ hits Chaupal OTT platform on March 31
‘Chobbar,’ which means a robust young man in Punjabi, follows the life of a character named Saabi, played by actor-singer Jayy Randhawa. Saabi’s life purpose is motivated by his childhood trauma of witnessing his father’s death. Key Points
The Indian Express
Q3 results today: Hero MotoCorp, Mamaearth, Tata Power among 350 companies to announce earnings
Hero MotoCorp is slated to release its earnings for the December quarter later today, and the countrys largest two-wheeler maker is expected to put up a robust show across key parameters. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations. Key Points
Economic TimesWall St advances, Treasury yields climb as robust data boosts soft landing bets
By Stephen Culp NEW YORK (Reuters) -U.S. stocks gained ground on Thursday and benchmark Treasury yields moved higher after robust U.S. labor market data weakened bets that the Federal Reserve would Key Points
ThePrintIndian government blocks 100 websites for offering fake jobs, here are the details
In a robust response to the escalating threat of cybercrime, the Ministry of Electronics and Information Technology (MeitY) in India has implemented stringent measures to block more than 100 websites involved in task-based part-time job scams. Here are the details. Key Points
India TodaySBFC Finance shares list at robust premium of 44% over IPO price
Led by the robust institutional response, the initial public offer (IPO) of SBFC Finance was subscribed by a massive 70.16 times at close. Monday was the last day of bidding for investors. Key Points
Economic TimesBerger Paints India beats Q1 view on robust demand, lower material costs
Berger Paints India (BRGR.NS) on Wednesday reported a bigger-than-expected 40% rise in profit, aided by robust demand for decorative paints and easing raw material costs. Key Points
Reuters
Canada unemployment rises for first time in nine months
The net job losses came as a surprise, after robust employment gains in recent months. Since last September about 400,000 new jobs had been created. | World News Key Points
Hindustan TimesTechnical Analysis: Nifty down, but not out
The US economy would eventually slow down and may enter a mild recession. India, on the other hand, would continue to grow at a robust pace and stand out among the larger global economies. Key Points
FinancialexpressHappy place! Finland named world’s happiest country for the sixth consecutive year – Here’s where India ranked
Finland, which boasts of numerous lakes and forests, is known for its robust welfare system and low levels of inequality. It also has high levels of trust in its officials. Key Points
FinancialexpressWill take firm action against people spreading terror narratives: J&K Police
Birdi unveiled stringent measures to combat online threats and vigilance against terror propagation on social media platforms. Recognising the evolving challenges, the IGP announced that the police will adopt robust measures and take firm action against individuals propagating a terror narrative and disturbing the peace on social media platforms. Key Points
Hindustan TimesWhy Finolex Indusries is expecting a pickup in H2, maintaining 15% volume guidance
Both the sectors which we participate in, the agri segment and the construction segment, are showing fairly robust growth. In the agri segment, we did see a little bit of drop in volumes, especially because of the volatility which we saw in the last part of Q2, but that has stabilized. And the last few weeks, we have seen significant pickup in demand in agri. Construction segment has been showing robust growth. Key Points
Economic Times
Smallcap stocks give up to 2,000% return in FY24 but brace for a bumpy ride
Within the BSE Midcap universe of 127 stocks, 23 have more than doubled investor wealth. Rail PSU IRFC tops the list with 407% gain, followed by REC's 278%, SJVN 272%, BHEL 220% and PFC 209%. Key Points
Economic TimesRealty fund flows into small town India boom
Capital flows in India's tier-II and tier-III cities doubled in 2023 to a record $1.3 billion, driven by robust real estate demand. Developers flocked to these cities for land acquisitions, and private equity interest is growing across sectors like e-commerce and startups. Key Points
Economic Timesrobust PMI figures signal a strong economic momentum
The HSBC India Services PMI clocked a robust 60.6 in February. Together with the manufacturing PMI climbing to a five-month high, there’s cause for optimism. Key Points
mintCipla reports 32% rise in net profit
India Business News: Read the latest news about Cipla reporting a 32% rise in net profit for the December quarter. Explore more on the robust sales and performance of Cipla across geographies. Key Points
Times Of IndiaWall St ends higher, Treasury yields climb as robust data bolster soft landing bets
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Thursday as robust labor market data offered the latest evidence of U.S. economic strength despite the fact that it could prompt the Federal Key Points
ThePrint
Fitch affirms India’s investment grade rating at ‘BBB-’ on robust growth outlook
India’s rating has remained unchanged at ‘BBB-’, the lowest investment grade, since August 2006. Fitch Ratings on Tuesday affirmed India’s sovereign... Key Points
The Tribune IndiaHoteliers cash in on New Year festivities, no impact of COVID-19 resurgence
Domestic travel has also surged significantly, buoyed by ongoing weddings and festive engagements. The palpable enthusiasm within domestic travel is evident, showcasing a notable uptick, with hotels registering robust year-end occupancies, Federation of Hotel & Restaurant Associations of India (FHRAI) president-elect Pradeep Shetty said. Key Points
Economic TimesProperty prices hiked by 5.9% in Q3 in India, second-highest growth in Asia
With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities. Key Points
Economic TimesFinancial market infrastructure companies poised for strong 2024 performance, Fitch Ratings affirms
New Delhi [India], December 2 (ANI): Global financial market infrastructure companies (FMIs) are anticipated to maintain robust financial performance in 2024, according to Fitch Ratings. The neutral outlook is driven by resilient business models, an increasing share of recurring non-volume revenue, and the overall adaptability of FMIs to market fluctuations. Key insights indicate global exchanges […] Key Points
ThePrintIndia's manufacturing sector continues with robust performance in Nov on easing price pressures: Survey
New Delhi, Dec 1 (PTI) India’s manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P […] Key Points
ThePrint
Nifty likely to hit 24,000-25,000 by next Diwali, says Vinit Bolinjkar of Ventura; advises adding 10% gold to portfolio
Vinit Bolinjkar, Head of Research, Ventura Securities, sees the Nifty around 24,000-25,000 by next Diwali, which implies a 24-29 percent upside. A decent allocation of 10 percent of the portfolio in gold provides stability, he advised investors. Key Points
mintIsrael-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week
The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength. Key Points
Economic TimesIndia's Kotak Mahindra Bank net profit jumps 24% in Q2, meets estimates
India's Kotak Mahindra Bank (KTKM.NS) reported a 24% increase in second-quarter net profit on Saturday, buoyed by healthy core lending income and robust loan growth. Key Points
ReutersIndia's NMDC posts Q1 profit rise on strong iron ore sales
India's National Mineral Development Corp (NMDC) (NMDC.NS) on Friday reported a rise in quarterly profit, aided by robust iron ore sales. Key Points
ReutersRoper Technologies raises 2023 profit forecast on increased software adoption
Industrial software maker Roper Technologies (ROP.O) raised its annual profit forecast on Friday on robust demand for software, as automation adoption grows across industries grappling with labor shortages. Key Points
Reuters
Sensex surges 450 points, hits fresh record high; Nifty above 19,050
Indian shares rose on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown. The midcaps and smallcaps hovered around fresh record and 52-week highs, Key Points
Times Of IndiaIndia's Nifty, Sensex hit new record highs as strong US data lifts mood
Indian shares opened higher on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown. Key Points
Reutersrobust trade finance ecosystem important to achieve $2 trillion exports target by 2030: DGFT official
According to the commerce ministry's data, exports of goods and services in 2022-23 rose 14.68 per cent to USD 775.87 billion as against USD 676.53 billion in 2021-22. Key Points
Economic TimesStock Market LIVE: Sensex, Nifty to be under pressure; SGX Nifty in red
Share Market LIVE Updates: Benchmark indices will start on a negative note amidst negative global cues and SGX Nifty trading lower. Wall Street ended down on Wednesday ahead of a vote on he debt ceiling deal. Asian markets are also trading lower in the morning session. Key Points
MintAsian shares inch higher, US inflation test looms
Friday's robust U.S. payrolls report has already delivered a setback to easing hopes and any upside surprise on consumer prices would challenge bets for a rate cut as soon as September. Key Points
Financialexpress