Spending on online gaming in smaller Indian towns has surged 16 times from 2019 to 2024, highlighting increased digital consumption. Card spending has risen 175% in non-metro areas, driven by rising affluence. The Indian video gaming market is projected to reach $1.4 billion by 2028.
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Concerns over the US economy heading towards a recession are rising! A recent SBI Research report shows that the long term US GDP growth shows a declining trend. The economic uncertainty looms large, particularly noteworthy as it follows a period when the US economy demonstrated remarkable strength.
Cryptocurrency trading is booming in smaller Indian cities, attracting investors under 35. Meme coins like Dogecoin and SHIB are gaining popularity despite high taxes. Global crypto markets surged after pro-crypto US President Trump's election and appointment of Paul Atkins to the SEC, boosting Bitcoin's market cap to $2 trillion.
IndusInd Bank shares plunged 25%, marking a 52-week low after the bank revealed accounting discrepancies in its derivatives portfolio. This triggered investor panic, leading to a severe drop in stock value. The bank faces potential financial repercussions of up to ₹2,000 crore, raising concerns over weak governance and internal controls, affecting overall banking sector confidence.
US stock markets had mixed reactions as Trump's new 25% tariff on imported cars affected automakers like General Motors and Ford. Tesla and Rivian, with more US-based production, saw gains. Positive economic reports showing fewer unemployment benefit claims and strong growth helped stabilize markets. European and Asian markets showed varied responses based on local conditions.
Air India has made significant progress since its privatisation by the Tata Group, expanding its fleet to 300 aircraft and covering over 100 destinations. The airline is enhancing its services with new aircraft deliveries, major infrastructure projects, and the integration of Vistara and Air India Express to achieve world-class service quality.
Spending on Artificial Intelligence technologies will grow at 2.2x the rate of overall digital technology spending in the next three years, generating an India economic impact of over USD 115 billion by the end of 2027, according to a latest report by International Data Corporation (IDC).
For those investing in mid-cap stocks via SIPs, an investment horizon of at least eight years is necessary to ensure capital preservation, based on historical data from 2005 to 2025. Mid-cap funds have shown lower volatility and risks compared to small-cap funds, making a time frame of 8-10 years advisable for consistent positive returns.
Post-festival economic moderation in India is causing lower-than-expected growth in Q3 2024, indicated by slowing GST growth, manufacturing PMI, and industrial production. Divergent trends in November and December highlight an uneven trajectory. Economists suggest policy support to boost the slowing momentum, with real GDP growth projected at 6.5% YoY for FY25 and FY26.
FSSAI has instructed Patanjali Foods to recall a batch of red chilli powder for regulatory non-compliance regarding contaminants and toxins. Despite this, Patanjali Foods reported a 21% rise in net profit for the September quarter and is planning to establish an oil palm mill in Mizoram.
US President Donald Trump plans to reintroduce a 25% tariff on steel and aluminum imports, raising concerns for Indian steel producers facing intense competition and oversupply. Despite the significant tariffs, India's strong domestic market is expected to mitigate adverse effects on its steel industry.