The Indian economy is witnessing a steady resurgence in momentum during the second half of the financial year 2024-25 (H2FY25), driven by high-frequency indicators, according to the Reserve Bank of India’s (RBI) monthly bulletin released on February 19. Industrial activity has improved over the previous quarter, as reflected in the Purchasing Managers’ Index (PMI) for…
The Securities and Exchange Board of India (SEBI) has relaxed certain compliance requirements for Research Analysts (RAs) and Investment Advisors (IAs), allowing them to inform existing clients about the Most Important Terms and Conditions (MITC) via email or any other preservable mode of communication. This move confirms a Moneycontrol report from February 5, which stated…
Tata Motors, India’s leading electric vehicle (EV) manufacturer, has seen its market share decline from 73% in 2023 to 62% in 2024 due to rising competition from JSW MG Motor India, Hyundai Motor India, and Mahindra & Mahindra. However, Shailesh Chandra, Managing Director of Tata Motors passenger vehicles and Tata passenger electric mobility, remains confident…
India is preparing for a deluge of mega listings this year that may send the value of initial public offerings soaring past 2024’s record run, even as the nation’s economy wobbles and currency faces growing strains. At least seven companies are in the pipeline to raise at least $1bn each this year, according to investment…
Market Performance: Opening Trends: Markets are expected to open flat today as investors await the U.S. Federal Reserve’s rate decision and the upcoming Union Budget. Recent Decline: Both the Nifty 50 and BSE Sensex have declined by approximately 3% in January, marking the longest monthly losing streak in over 23 years. Factors contributing to this…
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 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…
