TVS Motor Company reported a 7% increase in December 2024 sales, with 321,687 units sold compared to 301,898 last year. Two-wheeler sales rose 8%, led by a 30% surge in scooter sales and a 79% spike in electric vehicle sales. Exports grew 22%, while three-wheeler sales declined. The company's quarterly two-wheeler sales increased by 11%.
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RBI's new governor, Sanjay Malhotra, faces the tough task of balancing India's economic growth, inflation, and exchange rate amid US election fallout and government pressure for lower interest rates. He must also tackle regulatory reforms, digital fraud, and mis-selling of financial products, impacting bank lending and consumer protection.
Finance Minister Nirmala Sitharaman's Union Budget 2025-26 increases funds for women and child development by over Rs 3,700 crore. Major allocations include Rs 21,960 crore for POSHAN 2.0 and significant rises for Mission Vatsalya and Mission Shakti. Withdrawals from old National Savings Scheme accounts are exempt from tax starting August 2024.
Samsung Electronics is preparing to enhance AI functionalities with its new Galaxy S25 series smartphones, launched recently. The company aims to reclaim market share in India, establishing significant R&D and manufacturing hubs. The expansion includes penetrating smaller towns, focusing on AI integration in various sectors and data security improvements, and enhancing their televisions and home appliances business.
Nuvama recommends holding Ambuja Cements, anticipating growth after its merger with Shanghi Industries and Penna Cement. Kotak advises reducing Indiamart Intermesh holdings due to high churn. Yes Securities initiates coverage on Hyundai Motor India with a buy rating, citing the company's evolving tech landscape. JP Morgan gives Swiggy an overweight rating, expecting growth in food delivery and quick commerce.
The Trump administration's policies are causing concerns among F-1 student visa holders, H-1B visa holders, and green card holders. Many are hesitant to travel outside the US due to potential re-entry issues.
US President Donald Trump's tariff announcement has caused a significant drop in tech stocks, with Indian IT firms experiencing falls of 3% to 10%. The uncertainty surrounding these restrictive trade measures poses a threat to growth prospects, as the US accounts for more than 50% of revenue for large-cap IT companies.
HCLTech reported a 5.54% growth in consolidated net profit to Rs 4,591 crore for the December quarter of FY 2024-25, up from Rs 4,350 crore a year ago. Revenue from operations increased by 5.07% to Rs 29,890 crore. The stock closed at Rs 1,985.25 on the BSE, 0.52% lower than the previous close.
Brands are leveraging the Maha Kumbh Mela at Prayagraj as a significant marketing opportunity. They aim to capture consumer interest through advertisements and product sampling amidst a massive turnout. Companies are setting up booths, hoardings, and engaging in creative promotions to boost brand visibility and test new products.
Economist Thomas Piketty addressed India's extreme inequality, second only to South Africa. He advocated for a 2% wealth tax on the ultra-rich to fund public services and broaden the tax base, citing China's success with increased tax revenue and reduced inequality. He emphasized India's potential for faster growth and poverty reduction with less inequality.
Union finance minister Nirmala Sitharaman announced the introduction of a Rs 2 crore term loan scheme for five lakh first-time women, SC, and ST entrepreneurs during the Union Budget for 2025-26. Additionally, a manufacturing mission will be established for various industries, and a national institute for food technology will be set up in Bihar.