India Financial News

Subscribe to enjoy similar stories. NEW DELHI : The Indian box office now belongs to large-scale spectacles like Baahubali, Pathaan and Kalki 2898 AD—films that go on to set new theatrical milestones. However, despite setting the box office on fire, they tend to remain low on profitability.

Binance Research report revealed that the market value of on-chain real-world assets (RWAs) has surged past $12 billion. In 2022, Boston Consulting Group (BCG) predicted that the tokenized asset market could skyrocket to an astounding $16 trillion by 2030. Over the past few months, RWA tokens have been steadily gaining momentum, signaling a major shift in market sentiment. Real World Asset tokenization or RWA Tokenization, a groundbreaking use case of blockchain technology, might still be in its early phase, but its potential is immense. What is RWA and why is the world becoming increasingly bullish on RWAs, and where do we stand in this rapidly evolving landscape? Does it have any relevance in the Indian context? This article will answer some of these questions.

India vs Bangladesh Live Score Updates, 2nd Test Day 5: Rohit Sharma's India are heading for an upset victory in Kanpur after almost three days of play were washed out by rain. The Men in Blue batted aggressively on day three, declaring on 285-9 in just 34 overs, a lead of 52 runs.In their second innings, Bangladesh lost 2 wickets on the evening of Day 4 and failed to regain their momentum on Day 5 as Indian spinners Ravichandran Ashwin and Ravindra Jadeja laid a trap for them.

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Adrian Mowat, EM-Equity Strategist, says initially China market rally will lead to outflows from India, but in the medium term, this will be very positive for inflows into emerging market equities by global investors and India ranked first equal as the largest market will benefit from that. It is very difficult to encourage people to buy emerging market ETFs if China is doing poorly, which has been very much the case for the last couple of years. India just got slightly bigger than China, but China and India are two biggest markets in EM and they are both looking very interesting. In terms of the booster shot that we have seen from China, do you believe they are just kicking the can down the road with these stimulus measures and they do need to be supplemented by further course of action? Adrian Mowat: The message is that they will do whatever it takes. So, it feels a bit like listening to Mario Draghi in the years or so after the Global Financial Crisis. They have come through with significant and comprehensive measures that address some of the issues within the China economy. They are not going to solve things overnight. But us as financial market investors need to think about the implications for us. The implications are that the policymakers are really concerned and they are doing as much as they can. They are pushing down interest rates and they are trying to inflate the price of financial assets.

consumption growth, which is another core pillar in the last three-four quarters, I think, we do not see any legs for us to surprise positively as we move ahead, especially when it comes to urban consumption demand drivers are concerned," says Vijayaraghavan Swaminathan, Avendus Spark Institutional Equities. I was quite taken by your note, which actually starts off with the quote saying, I cannot change the direction of the wind, but I can adjust my sails to always reach my destination. We all know the kind of times that we are sitting in, both in terms of the global uncertainties with the changing interest rate regime that you are having, both in the Far East as well as the Far West and, of course, political uncertainties and geopolitical tensions other than that. But when we talk about India, it is really all about valuations, that is the sort of screaming amber light if I can say so. What is it you are making of the market construct right now, especially here in India? Vijayaraghavan Swaminathan: So just to give you the context, from a demand perspective, last three-four quarters, we have been excessively cautious, especially on the consumption factors. This is largely coming from the fact that household balance sheets today, we do not draw enough confidence because of excess leverage, which households are sitting on.

JSW MG Motor India on Tuesday reported an 8 per cent year-on-year decline in retail sales at 4,588 units in September. The automaker had sold 5,003 units in the same month last year. The new energy vehicles (NEVs) continue to contribute significantly to the total sales of the company, accounting for 49 per cent of the sales last month, JSW MG Motor India said in a statement. The company said it will be moving to the Vaahan Portal from October 2024.

hustle culture, many netizens have stopped romanticising working odd and unreasonable hours and celebrating the culture of workaholism. Recently, a post shared by an entrepreneur sparked yet another debate on the dismal state of work-life balance in India Inc. Taking to LinkedIn, Tushar S, the CEO of Vaani Research Labs, penned a gushing post, praising his co-founder Abhnash Khare’s relentless work routine. He waxed poetic at how his colleague did not hesitate to work overtime and overnight, prioritising company growth over anything else. In his post, Tushar explained how Abhinash’s workday frequently stretches into the early hours of the morning, with his bed positioned merely three feet from his computer. He shared how Abhinash immediately starts coding at 8 AM, skipping any typical morning routine.

financials are currently the most attractively priced segment of the market today. The valuations in the sector clearly offer a margin of comfort,” says Nitin Raheja, Executive Director, Julius Baer India. In an interview with ETMarkets, Raheja said: “The other segment that we feel strongly about is discretionary consumption which is a multi-decade story in India,” Edited excerpts:

“Police stopped my Lamborghini, but after confirming everything was clear, no challan, they asked permission to take photos with the Lambo. It’s great to see that even those in uniform have a passion for supercars,” Instagram user Nishant Saboo wrote. Saboo is the founder and director of Ceramic Pro, a company specializing in advanced ceramic nanotechnology protective coating systems designed for automobiles. Saboo is also the creator of SuperCarscommunity_India, an Instagram-based platform that highlights a variety of luxury cars across India. In the video, Saboo invites a police officer to relax inside his car for a picture. The officer, smiling, sheepishly admits he’s struggling to fit in. From making lighthearted remarks about not receiving a traffic ticket to noting the officer's visible joy, viewers flooded the comment section with their thoughts and reactions.

SME segment is responsible for nearly one-third of the country’s manufacturing output. With advancement in technology, more and more small businesses are adapting to the latest technology, including AI. The Indian mid-market businesses are prioritising the implementation of generative artificial intelligence (Gen AI) at a moderate or strong priority at 96%, ahead of the rest of the world at 91%, says Rajeev Singh, Vice President & Head of Mid-Markets, SAP Indian Subcontinent, citing a SAP survey released in September. Singh also believes there is an immense potential in the segment in terms of technology adoption. In an interaction with ET Digital, Singh says that many SMEs are still evaluating how they can make business outcomes out of AI. Edited excerpts:

Subscribe to enjoy similar stories. The stock market debut of The Leela Palaces, Hotels and Resorts is all set to fuel investor appetite for luxury-hotel stocks, experts said, as they expect strong demand for premium experiences to drive the current upcycle in the hotel industry for the next three to four years. Leela Palaces filed for an initial public offering (IPO) of ₹5,000 crore on 20 September.

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Subscribe to enjoy similar stories. As global dynamics shift, does foreign direct investment (FDI) need extra supervision? As reported, India’s government is exploring the idea of an FDI regulatory mechanism for post-inflow review and monitoring. The plan is at a discussion level, so it is too early to tell the shape it will eventually take, should it go ahead, or the details of any rules under consideration.

Iran's Ambassador to India, Dr Iraj Elahi, condemned Israel's classification of Hezbollah as a terrorist organisation, calling it a pretext for «massacre, bloodshed, and attacks on innocent civilians.» Elahi also emphasised that Hezbollah is a political party and not a terrorist group. The remarks by Elahi came on the death of Hezbollah leader Hassan Nasrallah in a strike carried out by Israel. While speaking with ANI, Elahi described the death of Nasrallah as a «big loss for all human beings in the world.» He said, «The martyrdom of Hassan Nasrallah as a great leader, great politician of Lebanon and well-known man in the world is not a small thing. It's a big loss for all human beings, not just for Muslims, not just for Shias, not just for Lebanese, for all our Arabs. It is a loss for all people in the world.»

Gandhi Jayanti, celebrated on October 2nd every year, marks the birth anniversary of Mahatma Gandhi, the father of the nation. Gandhi’s message of non-violence, truth, and simplicity continues to inspire people not just in India but across the world. On this day, people reflect on his contributions to India’s freedom struggle and the values he upheld throughout his life.

Indian Railways IRCTC will be in focus after the board approved the appointment of Gaisingam Kabui as the chief financial officer (CFO) of the company with effect from October 1. «It is hereby informed that on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors has appointed Gaisingam Kabui, GGM (Finance), as Chief Financial Officer (CFO) (Key Managerial Personnel) of the Company with effect from October 01, 2024,» the company said in a filing.

The company’s stock ended Monday’s trade marginally higher at Rs 180.05.

Tata Power will be in focus in Tuesday's trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government. The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.

SpiceJet will be in focus on Tuesday after Gujarat-based Plutus Wealth Management LLP acquired 85 lakh shares of SpiceJet, worth Rs 51 crore, on Monday through a block deal. Plutus purchased SpiceJet shares at Rs 59.95 each, an increase from Friday's closing price of Rs 58.99. On Monday, the stock rose 8% or Rs 5 to close at Rs 63.70.

Subscribe to enjoy similar stories. Given India’s troubles with the current account in its not-so-distant history, it’s comforting that it is now well in control. Going by data released by the Reserve Bank of India (RBI), the deficit on this account stood at 1.1% of gross domestic product (GDP) in the three months ended in June.