India is expected to maintain a growth rate of 6-8% while controlling inflation in the coming years, said Union minister Ashwini Vaishnaw. Focus areas include simplifying tariffs and customs laws to boost exports. Inclusive growth remains central, supported by manufacturing and services. India's talent pool and trust in policies attract companies to shift operations there.
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Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant.
Prime Minister Narendra Modi urged the Indian industry to act decisively to leverage global opportunities, identifying India as a trusted partner. He announced missions to boost manufacturing and exports, emphasizing policy stability and an improved business environment, including significant compliance reductions and new initiatives for MSMEs.
Despite rising industrial metal prices, India's core inflation outlook remains positive. Significant factors like a stable rupee, declining energy prices, and a normal monsoon suggest a supportive inflation environment, although global market uncertainties such as trade policies and commodity price changes could still create challenges.
The Indian government is actively engaging with the US to address mutual trade concerns and explore ways to enhance bilateral trade from $200 billion to over $500 billion. Ongoing talks aim to discuss measures that could mitigate the potential negative impacts of recent shifts in US trade policy.
Laxmi Dental Ltd's IPO got fully subscribed within minutes, ending the day at 5.28 times subscription with significant interest from retail and non-institutional investors. The IPO is a mix of fresh issues and OFS, with proceeds aimed at debt repayment and capital expenditure. Shares will be listed on BSE and NSE.
The State of the Economy report from RBI suggests the time is ripe to boost demand and investment, with an anticipated economic rebound driven by strong agricultural prospects and a resurgence in domestic demand. Emphasis is placed on monitoring inflation and leveraging public capital expenditure and green energy initiatives for sustainable growth.
Securities and Exchange Board of India (Sebi) has issued an administrative warning to HDFC Bank for not complying with certain regulatory guidelines for custody activities. The bank stated it would address and rectify the highlighted lapses. A similar warning for regulatory non-compliance related to merchant banking was also issued to HDFC Bank in December 2024.
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.
Walgreens Boots Alliance has been acquired by Sycamore Partners for nearly $10 billion, aiming to revitalize the company after enduring financial challenges. The acquisition will transition Walgreens to a private entity, enabling it to undergo restructuring and improve cash flow amid competitive pressures and market shifts.
A parliamentary committee will review the new Income Tax bill introduced by Finance Minister Nirmala Sitharaman. This bill aims to simplify the existing tax code by reducing the number of sections and word count significantly, and removing obsolete provisions, while establishing clear administrative frameworks and roles.