Digital Financial News

Ashi Anand, Founder & CEO, IME Capital, says he would understand if there is further downside to the market. However, due to the strong long-term outlook for India, major declines are not expected. The main worry is with smallcap stocks. In larger-cap indices, a drop of 5-10% seems manageable. But with smallcaps, if retail investors start to panic, liquidity can vanish quickly, leading to significant losses. Therefore, he recommends that investors should stay cautious. Anand also says that for people with a slightly longer-term horizon, some attractive buying opportunities exist in Digital and some could emerge in capital markets and real estate and capital goods spaces. All these companies have run up very considerably. These are also stocks that have led the fall, and have all fallen more than the overall markets. How much more of a selling are we likely to see or do you think that the end is near now? Ashi Anand: That is really the question on everyone's mind. We do not necessarily think we are at the absolute bottom. There could potentially be further downsides. Just to understand that in the overall context, markets have doubled from before pre-COVID levels taking the COVID fall. But if you look at the largecap indices, they have doubled from pre-COVID. You are down only 10%. Smallcaps were up 300%, and are down only about 20%.

Tata Sons isn’t too pleased with what it regards as BigBasket’s sluggish response to the rapid rise and widespread adoption of quick commerce, calling this a strategic misstep that has left the Tata Digital unit trailing rivals Blinkit and Zepto, said people aware of the matter.

equity mutual fund schemes, with monthly collections touching Rs 26,000 crore. However, as SIP returns from equity funds have slipped into the red for the last year, retail investors with a long-term horizon and well-defined asset allocation and goals should not stop their allocations as a knee-jerk reaction.

digital payments, according to bankers and fintech industry executives.

Nippon Steel and JFE Steel to collectively acquire a 30 per cent stake in Queensland's Blackwater coal mine. «The proposed combination envisages the acquisition of 20 per cent and 10 per cent interest in Blackwater Coal Mine by NS Blackwater Pty Ltd and JFE Steel Australia Pty Ltd, respectively,» the Competition Commission of India (CCI) said in a release.

demographic crisis threatening the world’s second-biggest economy.

Smartworld has awarded Rs 532 crore contract to Varindera Constructions and plans to award contracts worth approximately Rs 1,400 crore for its various projects in just six months.

Subscribe to enjoy similar stories. It doesn’t take an economic genius to pinpoint the allure of Chinese e-commerce giants. The rapid growth of platforms like Shein, PDD Holdings’ Temu and Alibaba Group’s AliExpress was never about the quality of their products, ethical supply chains, customer service, or even US consumerism and excess.

Pakistan could be a force to reckon with in the Champions Trophy even though they will miss opener Saim Ayub, reckons former India coach Ravi Shastri. Defending champions Pakistan head into the Champions Trophy riding high on three consecutive ODI series victories over South Africa, Zimbabwe and Australia.

Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Renewable energy developer Juniper Green Energy on Monday said it has secured USD 1 billion in phased debt financing over the past few months from leading financial institutions. This strategic funding will support the growth and development of Juniper Green Energy and its subsidiaries, specifically for wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects.

Donald Trump said on Sunday he will introduce 25% tariffs on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his trade policy overhaul.

Paris, where challenging diplomatic talks are expected while tech titans fight for dominance in the fast-moving technology industry.

Tax (GST) regime has been a contentious issue, leading to confusion among stakeholders. With their growing popularity, it is essential to examine the GST implications associated with the supply of these vouchers and gift cards.

Rajnath Singh said on Monday at the opening of the country's biggest air show, where its military ambitions will be in focus.

smallcap SIP investors have lost money in all 29 schemes since the Nifty peak in September and delivered a negative XIRR of up to 46% on the investments an analysis of the performance of the category showed.

Parag Parikh Flexi Cap Fund, the largest flexi-cap mutual fund based on assets under management, has added around 31.28 lakh shares of HDFC Bank to its portfolio, making it 8.11% of the total assets, with a total of 4.28 crore shares as of January 31, 2025.

Budget 2025-26, announced by Finance Minister Nirmala Sitharaman on February 1, 2025, introduced a host of measures aimed at supporting India Inc., with an emphasis on tax reforms, export promotion, and ease of doing business being paramount. A revision in MSME classification, steps to boost India’s share in global trade, and improving the regulatory landscape got notable mentions, among other key highlights.

Punjab's Amritsar received the heartbreaking news on Sunday that their 33-year-old son had died in the forests of Guatemala while attempting to cross the perilous 'donkey route' to reach the US.