Seven of India's top ten valued companies saw their market value grow by Rs 2,10,254.96 crore due to a positive stock market trend last week. Tata Consultancy Services and State Bank of India were among the biggest gainers. Some companies like HDFC Bank experienced declines. Key global factors and economic data will influence market direction in the coming weeks.
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India’s forex reserves declined by $1.781 billion, hitting $638.698 billion on February 28. Despite intermittent gains, reserves have generally dropped since their all-time high in September. The decline is largely attributed to the RBI’s efforts to stabilize the Rupee.
Alexandre de Rothschild, the seventh-generation leader of the Rothschild banking dynasty, emphasizes the need to prove oneself before joining the family business, rejecting the notion that a family name alone guarantees a seat. Rothschild & Co is considering expanding into wealth management in India to capitalize on the country’s optimistic growth mindset.
Sebi exempts the Indian government from making an open offer to Vodafone Idea shareholders, as the government plans to acquire over 34% stake by converting spectrum dues into equity. This move, aimed at protecting public interest, will help VIL maintain its customer base and enhance telecom penetration in India without changing company control.
India's industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.
Alt, the parent company of Property Share, aims to raise Rs 2,800 crore this year. Key initiatives include SM REITs, alternative investments, and UK warehousing. They plan multiple asset listings and new investment ventures, targeting significant growth in their asset management portfolio.
Pi Network launched its Open Mainnet on February 20, 2025, leading to considerable price fluctuations for Pi Coin. Analysts see significant growth potential if adoption increases, with predictions stating it could reach $100 or even $500 by 2030, contingent upon widespread adoption and practical utility.
Hindustan Petroleum Corporation Ltd (HPCL) shares surged nearly 5% after the company posted a more than threefold increase in December quarter net profit. The profit for Q3 FY25 stood at Rs 2,543.65 crore, up from Rs 712.84 crore year-on-year. The boost came from a significant rise in earnings from downstream fuel retailing, while overall income from operations remained steady.
Union finance minister Nirmala Sitharaman proposed the establishment of a Makhana Board in Bihar to enhance foxnut production and processing. She also announced plans for a new urea plant in Assam. The budget aims to accelerate growth and enhance the spending power of the middle class.
India's foreign exchange reserves have seen a significant decline of USD 8.714 billion, dropping to USD 625.871 billion for the week ended January 10. The reduction is attributed to revaluation and the Reserve Bank of India's efforts to stabilize rupee fluctuations, with foreign currency assets reducing by USD 9.469 billion.
Gold prices in New Delhi stayed steady at their record Rs 94,150 per 10 grams amid concerns over potential US reciprocal tariffs on nations with trade deficits, including India. Silver prices decreased to Rs 1,01,500 per kg. Global spot gold saw a marginal increase, while silver prices also rose slightly during Asian market hours.