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.
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Following the US removal of tariffs, Indian electronics exports, including smartphones and laptops, are poised to become 20% cheaper than those from China. This move provides a significant boost to India's electronics manufacturing sector, offering a competitive edge over China and Vietnam. Experts believe this strengthens India's position in the global electronics supply chain, presenting a vital opportunity for growth.
The US Department of Justice's indictment of Gautam Adani over corruption allegations risks straining India-US relations, potentially weakening Western alliances against China's influence. The charges may compromise significant economic partnerships, strategically disadvantaging the US while bolstering its competitors.
Reliance Industries Ltd surpassed analyst estimates with a 7.4% rise in net income, driven by strong gains in its telecom and retail units. Revenue increased by 6.6%, totaling 2.43 trillion rupees. Chairman Mukesh Ambani noted the resilience of the oil-to-chemicals business amid global volatility. The company also benefited from festive demand boosting retail performance.
US stock markets fell after President Trump announced higher tariffs on Canadian steel and aluminum. The Dow Jones dropped 625 points. Companies like Delta and Southwest Airlines revised their revenue forecasts due to uncertainty. Tesla's stock rose as Trump expressed support for the company. Major tech stocks showed stability despite the market turmoil.
Zara's only independent store in Mumbai has closed due to economic unfeasibility after its rent exceeded Rs 30 crore per year. The store, situated in the heritage Ismail building, opened in 2017. Zara will continue to operate its other three Mumbai outlets located in shopping malls, as well as strengthening its online presence.
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.
Budget 2025 expectations: Finance Minister Nirmala Sitharaman may propose a phased implementation of labour codes in Budget 2025, starting with large establishments. The plan involves a three-phase deployment.
For those investing in mid-cap stocks via SIPs, an investment horizon of at least eight years is necessary to ensure capital preservation, based on historical data from 2005 to 2025. Mid-cap funds have shown lower volatility and risks compared to small-cap funds, making a time frame of 8-10 years advisable for consistent positive returns.
The World Bank's $20 billion package for Pakistan will support a 10-year programme focusing on areas such as child stunting, learning poverty, and climate resilience. This initiative aims to ensure stability in development projects despite political changes. An additional $20 billion in private sector lending brings the total investment to $40 billion.
Businesses in India's household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.