Market Performance: The BSE Sensex declined by 1.60%, closing at 75,838.36 points. The Nifty 50 index fell by 0.66%, settling at 23,192.9 points. Sector Highlights: Financial Sector: Axis Bank Ltd. shares decreased by 1.87% to 969.75 INR, yet outperformed peers like State Bank of India and ICICI Bank Ltd., which saw declines of 2.59% and…
As of January 13, 2025, Tata Motors has been actively engaging in several strategic initiatives and market activities: Recent Developments: Price adjustments: Tata Motors announced plans to increase prices for its passenger vehicles by up to 3% and for commercial vehicles by up to 2%, effective January 2025. These adjustments are attributed to rising costs…
IntroductionKolkata-headquartered conglomerate ITC Ltd has officially announced that the planned demerger of its hotel business into a separate entity, ITC Hotels Ltd, will take effect on January 1, 2024. The demerger marks a strategic move to unlock value for shareholders while ensuring focused growth for the hospitality segment. Details of the Demerger Conditions FulfilledITC has…
IntroductionIndia’s gold imports surged to a record $14.86 billion in November 2024, marking a four-fold increase compared to $3.44 billion in November 2023. This spike was largely driven by festive and wedding season demands, according to data released by the Commerce Ministry. Key Highlights of the Surge 1. Cumulative Growth in Gold Imports 2. Gold…
IntroductionIndia’s wholesale inflation rate eased to 1.89% in November, down from 2.36% in October, according to the latest data. This decline was driven by a drop in food prices, especially vegetables, offering a breather from the inflationary pressures seen in recent months. Key Drivers Behind the Decline 1. Seasonal Food Supplies Bring Relief 2. Manufactured…
IntroductionSwiss-based foreign portfolio investors (FPIs) and private equity players are bracing for higher dividend taxes on their Indian income. Following a December 2023 announcement by the Swiss government, the previously beneficial 5% tax rate for dividends earned in India has been rolled back, increasing the rate to 10%. This move stems from the Indian Supreme…
IntroductionHDFC Bank has restarted discussions with Japan’s Mitsubishi UFJ Financial Group (MUFG) for a potential 20% stake sale in its subsidiary, HDB Financial Services. This move comes as the Reserve Bank of India (RBI) proposes changes to holding norms, pushing the bank to reevaluate its strategy ahead of HDB Financial’s anticipated IPO. What’s driving the…
IntroductionAmitabh Kant, former NITI Aayog CEO and G20 Sherpa, has called for an accelerated adoption of electric vehicles (EVs) in India, stressing the need for bold action to position the country as a global leader in green mobility. Speaking at the Green Bharat Summit in New Delhi, Kant shared his personal commitment to EVs and…
IntroductionIndia is steering towards a greener and more sustainable future in transportation, with advancements in electric vehicles (EVs), flex-fuel technologies, and alternative fuels like ethanol and methanol. Speaking at the Green Bharat Summit in New Delhi on December 13, Minister for Road Transport and Highways, Nitin Gadkari, outlined the government’s initiatives to address challenges such…
IntroductionRailway stocks are capturing investors’ attention once again after a period of correction earlier this year. Prominent players such as Jupiter Wagons, IRFC, Texmaco Rail, Titagarh Railsystems, and RailTel Corp. have seen a significant surge of 10-17% over the past month. But will this revival sustain, or are investors setting themselves up for disappointment? What’s…
