Stock market crash: It's mayhem in the Indian stock markets for the last few months with Sensex and Nifty correction entering double-digits. What should investors do? Where can you put your money, if not in equity markets? We take a look:
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Godrej Enterprises Group is investing in digital and AI to enhance their consumer-facing businesses, which contribute 60% to their revenues. The group is undergoing a digital transformation, aiming to gain customer insights and combat market competition, with a digital transformation budget of Rs 1,200 crore spread across three years.
NSDL reported a 29.82% growth in consolidated net profit for Q3 2024, reaching Rs 85.8 crore. The depository's total income rose by 16.2% to Rs 391.21 crore. NSDL is set for an IPO after receiving SEBI approval, involving an offer for sale of over 5.72 crore equity shares.
India's imports of Russian crude oil plummeted 55% in November 2022, the lowest since June, though Russia remained India's top supplier. This drop coincided with an 11% decrease in India's total crude imports. Despite sanctions and price caps, Russia continued exporting, with China and India as major buyers, accounting for 47% and 37% of exports respectively.
Vanguard is set to inaugurate its largest global tech development centre in Hyderabad, marking its first in India. The centre will hire approximately 2,300 tech professionals within the next three to four years, focusing on AI/ML, Generative AI, cloud engineering, mobile engineering, and cybersecurity.
Budget 2025 income tax slab changes FY 2025-26: Finance Minister Nirmala Sitharaman presented Budget 2025 addressing the middle class by increasing the rebate limit under Section 87A to INR 12 lakh and enhancing the basic exemption limit to INR 4 lakh.
Shares of Coffee Day Enterprises surged 20% after the National Company Law Appellate Tribunal (NCLAT) set aside insolvency proceedings against the company. The stock reached its 52-week high on both BSE and NSE. The decision overturns an earlier order by the Bengaluru bench of NCLT.
The Income Tax Department is reaching out to taxpayers and non-filers via SMS and email regarding discrepancies found between their reported transactions in the Annual Information Statement (AIS) and their disclosed income in Income Tax Returns (ITRs) for FY2023-24 and FY2021-22.
Kotak Mahindra Capital Company predicts the IPO market pipeline to reach USD 35 billion in 2025, up from USD 22 billion in 2024. Majority IPOs are from financial services and digital tech sectors with large IPOs consistently increasing, attracting foreign portfolio investors and leading multinationals to consider IPOs for unlocking investments.
Jefferies recommends a 10-12% increase in government capex in the 2025-26 Union Budget to maintain infrastructure development and boost stakeholder confidence. Despite a 16% rise in FY25 capex, actual spending lagged, requiring a 32% surge in the remaining months of FY25. Defence spending is projected to grow at a 7-8% CAGR, driven by domestic manufacturing and exports.
Indian equity market shows promise as the Nifty 50 ends a three-week slide, closing nearly 2% higher. Key factors include positive macroeconomic indicators, a drop in the dollar index, and RBI's liquidity support. As markets anticipate volatility in a shortened week due to the Holi festival, FII activity, global market dynamics, and technical levels will be critical.