Experts Financial News

European Union scientists said on Monday. The data from the EU's Copernicus Climate Change Service (C3S) comes two weeks after U.N. climate talks yielded a $300-billion deal to tackle climate change, a package poorer countries blasted as insufficient to cover the soaring cost of climate-related disasters. C3S said data from January to November had confirmed 2024 is now certain to be the hottest year on record, and the first in which average global temperatures exceed 1.5 degrees Celsius (2.7 degrees Fahrenheit) above the 1850-1900 pre-industrial period.

United Arab Emirates hosted the inauguralFounders' Retreat from 6 to 8 December. The Retreat brought together more than60 of India’s most prominent start-up founders and key UAE business leaders, investors, and policymakers to discuss new directions and opportunities in the bilateral investment partnership. Co-organised by the UAE Embassy in Delhi, Offline, and the UAE-India CEPA Council, the event marked a significant milestone in the UAE-India partnership, showcasing the two countries’ shared commitment to fostering innovation and economic growth. With participating retreat ventures averaging a valuation of USD 3.5 billion, alongside representation from founders of 13 Indian unicorn start-ups and five publicly listed companies,this first-of-its-kind platform facilitated transformative collaborations and highlighted the mutual benefits of closer investment ties between the two nations.

shares of Property Share Investment REIT IPO will debut on the BSE platform on Monday. Ahead of the listing, the company's shares had no GMP in the grey market. The REIT IPO of Property Share Investment Trust was fully subscribed on the final day of bidding at 1.19 times at close.

Here's breaking down the pre-market actions:

Gold prices inched higher on Monday as investors awaited U.S. inflation data, set for release this week, for insights into the Federal Reserve's monetary policy.

Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad. Brent crude futures fell by 1 cent to $71.11 per barrel by 1117 GMT. U.S. West Texas Intermediate crude futures rose by 1 cent to $67.21 per barrel.

BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales. BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue, which overtook EV leader Tesla in the third quarter. Aided by robust sales in China that continued in recent months, BYD is now on course to beat its annual sales target of 4 million vehicles, more than Japan's Honda and Detroit-based Ford in 2024 worldwide sales.

extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address. New European Union regulations make retailers selling in the bloc, like Inditex, H&M and Nike, legally liable for conditions at their suppliers, putting pressure on them to help fund improvements to cool factories they source from. In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with «wet-bulb» temperatures — a measurement that accounts for air temperature as well as humidity — above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University's Global Labor Institute found.

Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election.

Assad regime that brutalised, tortured and killed thousands of innocent Syrians over the past half a century is a historic opportunity for the people of the country, outgoing US President Joe Biden said on Sunday. Biden spoke at the White House hours after rebel groups took over the country following more than a dozen years of violent civil war and decades of leadership by Bashar Assad and his family. «After 13 years of civil war in Syria and more than half a century of brutal authoritarian rule by Bashar Assad and his father before him, rebel forces have forced Assad to resign his office and flee the country. We're not sure where he is, but there's word that he's in Moscow. At long last, the Assad regime has fallen,» Biden said. «This regime brutalised, tortured and killed hundreds of thousands of innocent Syrians. The fall of the regime is a fundamental act of justice. It's a moment of historic opportunity for the long-suffering people of Syria to build a better future for their proud country,» he said.

Q.Can real estate be a reliable hedge against inflation? Prableen Bajpai,Founder,FinFix Research and Analytics: Not always. Real estate growth in India varies widely. Returns often overlook CAGR, with a doubling of returns in 10 years reflecting just 7.2% pre-tax CAGR. While it can outpace inflation, high costs and uneven growth make guaranteed returns uncertain. Anuj Puri,Chairman and Founder, ANAROCK Property Consultants: Yes. Real estate offers inflation protection and stability, with less volatility than stocks or gold. Rising demand, scarcity, and costs drive property values and rental income. As per ANAROCK Research rentals in India’s top seven cities rose over 70% from 2021 to September 2024.

30s: Getting into the loop Very few enter their 30s with a firm grasp on their finances. Most are only just beginning to find their feet in their careers. Around this time, most typically get married and are even blessed with an offspring, which brings on the burden of family responsibilities. Expenses start piling up, even as income is yet to pick up substantially. Some may take on a sizeable home loan along the way, which further squeezes the income. Lifestyle spends like travel and entertainment dominate this phase.

Our cover story explores the unique hurdles and opportunities that arise at different stages of planning for life after work. Whether you’re just starting to think about retirement, actively building your nest egg, or already enjoying its rewards, this issue is packed with insights, strategies, and inspiration to help you achieve the financial freedom you deserve.

Narendra Modi's visit on Monday for the launch of LIC's Bima Sakhi Yojana, officials said. Modi will also be laying the foundation stone of the main campus of the Maharana Pratap Horticultural University. The initiative of the Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are class X pass, they said. This will be Modi's second visit to Haryana after the formation of the BJP government in October. Earlier, he had attended the oath-taking ceremony of Nayab Singh Saini as the chief minister and his Cabinet on October 18 in Panchkula.

global capability centres (GCCs) in India, states are eager to grab a piece of the action. Madhya Pradesh, Uttar Pradesh, Telangana and Andhra Pradesh are among those drafting their own GCC policies to attract multinationals with incentives to create back-office hubs outside the traditional hot spots of Bengaluru and NCR. In August, Madhya Pradesh chief minister Mohan Yadav travelled to Bengaluru to meet industry leaders to showcase the state and discuss expansion plans. He also extended invitations for Regional Investor Conclaves across the state as well as the Global Investors Summit 2025 in February, said people aware of the matter. Uttar Pradesh has already drafted a policy that highlights its «strategic location, young workforce, and rapidly developing infrastructure, (which) is well-positioned to benefit from this growth.» The state aims to attract GCCs «by focusing on infrastructure development, talent enhancement, and financial incentives.»

Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal.

Technical indicators point to a bullish trend as the Nifty breaks out of a five-week consolidation, paving the way for an extended rally toward 25,200 in coming weeks, according to analysts. Stocks like Reliance, SBI, Infosys, L&T, Axis Bank, PFC, Titan, National Aluminium, Natco Pharma, MCX, CDSL, BSE, and Indian Hotels are poised for short-term upside, they added.

Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India partner Rajat Mahajan said.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.

National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.

Rashmi Saluja, the executive chairperson of Religare Enterprises, earned ₹68.86 crore in gross remuneration in FY24, according to the company's annual report released on Saturday. This makes her the third-highest-paid professional to head a company in the BFSI (banking, financial services, and insurance) sector in FY24 and the seventh-highest overall in India, surpassing the gross remuneration of Infosys CEO Salil Parekh, L&T's SN Subrahmanyan and Satish Pai of Hindalco. In the BFSI sector, Abhay Bhutada, the former managing director of Poonawalla Fincorp took home ₹241 crore in FY24 while Rajeev Jain of Bajaj Finance earned ₹101 crore.