Samsung Electronics is preparing to enhance AI functionalities with its new Galaxy S25 series smartphones, launched recently. The company aims to reclaim market share in India, establishing significant R&D and manufacturing hubs. The expansion includes penetrating smaller towns, focusing on AI integration in various sectors and data security improvements, and enhancing their televisions and home appliances business.
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Bharti Airtel is in discussions with the Tata Group to potentially acquire its DTH business, Tata Play, aiming to merge it with Airtel's Bharti Telemedia. This comes years after Airtel's acquisition of Tata Group's consumer mobile business. As of Q3 2024, Tata Play held a 32% share in the DTH market, ahead of Bharti Telemedia's 29.4%.
Stock market recommendations: Jio Financial Services, Tata Motors, and Finolex Industries are recommended for buying today based on technical indicators suggesting potential reversals.
Maya and Leah Tata, daughters of Tata Trusts chairman Noel Tata, have joined the board of trustees at Sir Ratan Tata Industrial Institute (SRTII), taking over from Arnaz Kotwal and Freddy Talati. The appointments, endorsed by the Sir Ratan Tata Trust board, aim to leverage local experience for upcoming renovation projects. The move is seen as preparation for future responsibilities at larger Tata Trusts.
Maruti Suzuki India Ltd reported a 30% rise in overall wholesales for December 2024, totaling 1,78,248 units. Domestic sales increased, with mini and compact cars showing significant growth. Utility vehicle sales also rose, while Ciaz sedan sales dipped slightly. Exports climbed to 37,419 units.
The RBI has announced the launch of exclusive internet domains, 'bank.in' for Indian banks and 'fin.in' for non-bank financial entities, to address cybersecurity. New domains will enhance security and reduce fraud. Additional Factor of Authentication will be implemented for cross-border card transactions to further secure digital payments.
Adani Ports has withdrawn its request for a $553 million loan from the US International Development Finance Corporation (IDFC) for a Sri Lankan port project. Facing US fraud allegations, the company will now self-fund the Colombo West International Terminal development, originally slated to begin operations this month but now expected by early 2025.
FIIs were net sellers of Rs 1,27,401 crore in FY2025, but selling eased in March. DIIs bought Rs 6,06,368 crore throughout the year. The change in FII strategy in March contributed to Nifty's gains. SEBI's new threshold for beneficial ownership disclosures and RBI's increased investment cap aim to boost market liquidity.
President Trump’s new tariff plan includes a 10% universal tariff on imports, followed by country-specific tariffs. China faces the highest tariffs, up to 54%. India’s textile, electronics, and machinery sectors may benefit from competitive advantages. However, to capitalize on these opportunities, India must address structural issues and enhance manufacturing capabilities.
FDI inflows into India are rising rapidly, driven by interest from investors in the Middle East, Japan, the EU, and the US. This surge is attributed to India's strong market, skilled workforce, and favorable regulations, leading to robust economic growth and job creation.
Gold prices reached an all-time high of Rs 86,875 per 10 grams, driven by investor demand for safe havens amid US trade tariffs and global economic slowdown. Silver also saw fluctuations, ending at Rs 99,389 per kilogram. Market sentiment reflects expectations of a less aggressive Federal Reserve policy and ongoing volatility in the dollar index and US trade.