Niti Aayog CEO BVR Subrahmanyam emphasized that India must reduce tariffs for its own benefit, regardless of external pressures. He highlighted the need for India to prioritize openness to global markets and finalize trade agreements with major economies like the EU and UK. Deregulation at both central and state levels is also crucial for integrating into global supply chains.
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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.
Honda and Nissan are in preliminary merger talks, potentially creating a holding company to rival Toyota. This move could also involve Mitsubishi, further consolidating the Japanese auto industry. The discussions aim to strengthen their position against global competitors, particularly in the electric vehicle market, and address financial challenges.
Mobile phone manufacturers like Foxconn and the Tata group have urged the Indian government to reduce import duties from the US to 0%, fearing business loss to China and Vietnam if reciprocal tariffs are imposed. The companies emphasize an urgent bilateral agreement with the US, highlighting the potential shift in production locations if tariffs increase.
US stocks opened higher, signaling market stabilization amidst trade tension volatility. Bond yields slightly decreased, and the dollar steadied after a recent slide. Bank stocks led gains, with Bank of America and Citigroup exceeding earnings expectations. However, Boeing shares dropped following reports of China halting aircraft deliveries, reflecting ongoing trade war concerns.
India maintains fiscal discipline despite challenges, with 2024-25 fiscal deficit target at 4.8% of GDP and a plan to reduce it to below 4.5% by 2025-26. The government aims to achieve a debt-to-GDP ratio of 50% by 2031 with focus on balancing development with fiscal prudence, resilient policies, and necessary fiscal buffers.
Exiting an investment is as important as entering one. Reviewing your portfolio periodically and making objective decisions can improve long-term returns. If you struggle with investment exits, consult a financial expert.
Aragen Life Science, formerly GVK Biosciences, secures a $100 million investment from healthcare-focused private equity fund Quadria Capital. The investment will support Aragen’s strategic expansion and infrastructure development to meet growing demand for outsourcing services from US and Europe innovators. This move positions Aragen strongly in the pharmaceutical outsourcing market, enhancing its capabilities and accelerating program delivery.
The year-end travel surge sees Indian tourists benefiting from simplified visa processes in over 50 countries. Destinations like Thailand, Seychelles, Hong Kong, Malaysia, and Turkey offer easy access with visa-free or visa-on-arrival options. These relaxed entry norms enable Indian travelers to plan spontaneous international holidays without extensive preparation.
Consumer-centric companies are witnessing a surge in sales as Valentine's Day approaches, with increased demand for jewellery, apparel, premium chocolates, and curated experiences. Quick commerce platforms like Zomato are capitalising on the spike in demand for flowers, cakes, and desserts. Retailers report sales on par with the festive season, boosting Valentine's Day's commercial appeal.
Adani Green Energy Ltd (AGEL) recorded an over 85% rise in consolidated net profit to Rs 474 crore in the December quarter due to higher power supply revenues. The company also expanded its operational capacity by 37% YoY with new power plants and increased energy sales by 23% YoY.