According to preliminary statistics, on Monday, November 25, foreign institutional investors (FIIs) became net buyers in the equity markets, acquiring stocks valued at Rs 9,947.55 crore. The market attitude received a much-needed boost due to this notable change, which ended a 38-session run of net selling. Conversely, on the same day, Domestic Institutional Investors (DIIs)…
As Budget FY26 preparations begin, the government has begun internal deliberations on how to revitalize the industrial sector with a new set of incentives. Although production-linked incentives are already being used to encourage investment in a few industries, a more comprehensive plan is currently being considered, in which government support would be connected to the…
The textile trading sector is projected to be worth $800 billion globally, of which $35 billion comes from exports from India. The Indian government has revealed a plan for the sector to reach $100 billion by 2030, which would entail a 19% compound annual growth rate over the following six years. This would directly employ…
The bulls recovered well in the week ending November 22. Indian benchmarks halted a two-week losing skid and closed the week with a gain of about 2 percent, despite ongoing FII selling and worries about new geopolitical tensions. The BSE Sensex increased 1,536.8 points, or 1.98 percent, to settle at 1,536.8 this week, while the…
The Bank of India intends to issue infrastructure bonds for Rs 5,000 crore the following week. Sources claim that the 10-year infrastructure bonds will have a base amount of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore. The bank board had approved raising Rs 10,000 crore for infrastructure projects in 2024–2025 through…
At the current climate conference (COP29) in Baku, Azerbaijan, Tata Power said Thursday that it has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to assess funding for its various projects. Almost $4.25 billion is the anticipated overall cost of the project. The MoU describes funding assessment for several significant ongoing…
According to data from the Petroleum Planning and Analysis Cell, due to increased consumption, especially by the city gas distribution companies and the power sector, India’s natural gas import bill increased by 17% to $8.9 billion during the first seven months of the current fiscal year from $7.6 billion during the same period last year….
As the US President stoked expectations of a corporate tax rate cut and the ensuing rise in corporations’ discretionary spending and IT budget, Indian IT majors are expected to see mid-to high-single-digit growth over the coming quarters, indicating a slower-than-expected recovery, according to brokerage firm CLSA. The brokerage adopted a cautiously optimistic outlook due to…
Because the Reserve Bank of India (RBI) is expected to intervene, market participants anticipate a slight devaluation of the rupee, which will prevent the FX market from experiencing extreme volatility. By the end of December, the rupee should be trading around 84.50 to the US dollar. Tuesday saw it fall to a new low of…
Research by CRISIL Ratings predicted that tire manufacturers will report revenue growth of 7-8 percent this fiscal year, driven by a 3-4 percent increase in both volume and realizations. For the second consecutive year, sales will grow in the single digits (albeit it will be nearly double that of the previous fiscal year), following a…
