As geopolitical tensions evolve into new forms, 40 per cent of board members and C-suite executives are are now identifying economic conditions as the most significant risk factor for their organisations over the next two to three years, according to a report by Protiviti.
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Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, while public sector lending picked up. Term deposits grew significantly, driven by higher interest rates and large-value deposits.
Stock market holiday today: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are closed for trading today, April 10. Regular trading sessions, operating from 9:15 a.m. to 3:30 p.m. IST, will continue on Friday, April 11.
India is emerging as a top destination for startup IPOs, aided by robust domestic economic growth, favorable geopolitical conditions, and substantial foreign capital inflows. With a surge in profitable tech-based listings, investors are focusing on manufacturing startups targeting global demand and IP-driven innovations, with Accel playing a significant role.
Singapore’s Temasek acquires a 9-10% stake in Haldiram Snacks Foods for over Rs 8,500 crore, valuing the company at around $10 billion. The deal, signed on March 11, marks a significant move in India’s FMCG sector, highlighting increased foreign investment. Discussions with Blackstone and Alpha Wave Global for an additional 5% stake are still ongoing.
Tata Group plans to create over 500,000 manufacturing jobs in the next five years through investments in factories and projects producing batteries, semiconductors, electric vehicles, and more. New plants are being constructed in various Indian states, boosting employment and highlighting significant opportunities in AI and the manufacturing sector.
The world's top 10 business leaders of 2024 have significantly impacted industries. Elon Musk leads in innovation. Jensen Huang drives AI advancements. Satya Nadella transformed Microsoft. Warren Buffett remains an investment icon. Mukesh Ambani, chairman of Reliance Industries, is the only Indian on Fortune's Global 100 list. He ranks 12th globally.
Key drivers for equity markets this week include corporate earnings from blue-chip companies like HDFC Bank, ICICI Bank, and others. Additionally, Donald Trump’s swearing-in for a second term as US President and trading activities of foreign investors will impact the market. Investors' focus will also be on the upcoming Budget.
Zomato's third-quarter profit dropped by 57% to Rs 590 million due to increased spending on its quick commerce platform, Blinkit. Despite this, overall revenue surged 64% to Rs 54.05 billion. Revenue from the core food delivery business grew by 22%, while Blinkit's revenue more than doubled as Zomato focused on expansion and faced stiff competition.
Apple plans to invest $500 billion in the U.S. over the next four years. This investment will include constructing a large factory in Texas for AI servers and adding 20,000 research and development jobs. This move comes amid tariffs on products assembled in China, with the company securing waivers previously.
Sivasubramanian Ramann has been appointed as the new chairman of the Pension Fund Regulatory & Development Authority of India (PFRDA). He will succeed Deepak Mohanty, who completes his term in May 2025. Ramann's appointment comes as the government focuses on enhancing pension schemes, particularly for the unorganised sector.