Jefferies and other brokerages provide optimistic recommendations on companies like Reliance Industries, Nuvoco Vistas Corp, Star Health & Allied Insurance, IndusInd Bank, and Macrotech Developers. The positive outlook is based on growth prospects, operational improvements, and strategic plans, highlighting potential gains for investors despite some near-term challenges.
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Dhaka has been behind on payments to Adani Power since supply started in July 2023. It owes several hundred million dollars for energy that has already been supplied, though the two sides dispute the exact size of the bill.
India supported a global carbon tax on shipping. The UN agency, IMO, passed the measure to cut ship emissions. Ships must use cleaner fuels or pay a pollution fee. The tax aims to generate funds for decarbonizing the shipping sector. Some nations opposed the move. Technical details are yet to be finalized.
Mumbai's sensex dropped nearly 1,400 points on Tuesday, closing at 76,025 due to concerns over Trump's tariffs. HDFC Bank, ICICI Bank, RIL, and Infosys significantly contributed to the decline. Foreign funds were heavy sellers, while domestic investors bought shares. The day's downturn erased Rs 3.
Moody's Ratings anticipates that ongoing US trade policy uncertainty, particularly tariffs, will negatively impact business and consumer confidence across Asia, including India, potentially slowing regional growth. While India may show some resilience due to its domestic market, significant investment shifts will take time. The tariff pause offers a window for trade negotiations, but broader de-globalization trends persist.
PAN 2.0: PAN cardholders can get a reprinted card with a QR code. The reprint costs Rs 50. The income tax department will send the new card to your registered email address.
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.
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.
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.
The Mahindra group launches SOAR, a unique returnship program aimed at reintegrating women who took career breaks into mainstream roles. The initiative seeks to address gender disparity by offering permanent roles, mentorship, and training. The move follows industry trends to enhance female labor participation rate and reduce the gender gap.
Microfinance and two-wheeler finance sectors are recovering, with NBFCs increasing their microfinance portfolios by 22.2%. Improved loan quality and internal controls are observed in microfinance. Two-wheeler finance sees growth due to high vehicle sales and urbanisation, but faces asset quality concerns.