NEWS
The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for the 42-day festive period, covering the span from the first day of Navratri to 15 days after Dhanteras. This report provides critical insights into the performance of India’s automobile sector during this key sales season. Key Findings: Record Sales Milestone:The 2024…
The National Stock Exchange of India (NSE) will expand its offering by introducing futures and options contracts on 45 additional securities, starting from November 29, 2024. This decision follows the stock selection guidelines set by the Securities and Exchange Board of India (SEBI). List of Newly Added Securities The selected securities span multiple sectors, providing…
Yesterday, mutual fund data for October was released, and today, after market hours, October’s inflation data came in at 6.21%, higher than the expected 5.81%. This inflation figure will be key for the RBI as it considers any potential rate cut. In the RBI’s upcoming monthly meeting, they will closely review the inflation rate before…
NSE: ZOMATO: Rs.258.00(+3.37%) Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, Loyalty programs, and others. Zomato shares rose by 3.37% today, driven by two key factors: First, both Zomato and Swiggy denied allegations of…
Over the past five years, China’s stock market has experienced sluggish growth, delivering a modest 5% gain. Despite this, recent developments have sparked newfound optimism. Following the U.S. election results, China unveiled an extensive debt stimulus package worth approximately $1.4 trillion aimed at revitalizing its economy. This move has shifted investor sentiment, with foreign institutional…
The MSCI Index family is a comprehensive set of global indices that help investors track markets, sectors, and specific themes. They are integral to the investment world, setting the standard for performance measurement, asset allocation, and fund benchmarking worldwide. Here is the list of the stocks inclusion and exclusion from MSCI index. MSCI INDIA INDEX…
The Indian rupee has been steadily depreciating against the dollar, with today’s rate at 84.11 INR per USD. This situation poses significant challenges for Indian importers but benefits exporters. Reports suggest that the Reserve Bank of India (RBI) is likely selling dollars to support the rupee amid equity outflows. Beneficiaries of Rupee Depreciation: IT Companies:…
Sagility BV, a subsidiary of EQT Private Capital Asia, recently raised ₹366 crore by selling a 2.61% stake in Sagility India to nine institutional investors ahead of its upcoming IPO. According to a recent disclosure, Sagility BV sold 12.2 crore shares on October 30 and 31 at ₹30 per share. Notable investors in this pre-IPO…
Germany is teetering on the edge of recession, with its economy barely growing at 0.02%. The IMF has cut its forecast for Germany’s economic growth for both this year and the next. Volkswagen, one of Germany’s largest automotive companies, has reported disappointing results and is planning to cut wages by 10% to save jobs. A…
NSE: ADANIPOWER: Rs.596.90 at 1 Nov, 7:00 pm IST On October 31st, Adani Power Jharkhand Limited (APJL), a subsidiary of the Adani Group, cut its electricity supply to Bangladesh by more than half due to outstanding dues. The supply was reduced from 1,496 MW to around 700 MW, intensifying Bangladesh’s energy deficit by over 1,600 MW….