Experts Financial News

Azad Engineering shares will be in focus on Thursday after the firm signed a long-term agreement with Rolls-Royce PLC, London, to manufacture and supply critical civil aircraft engine components. «We hereby inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce Civil Aircraft Engine Components in AZAD, India to supply on a long-term basis super critical complex machined parts for a period of life of the Engine Program,» the company said in an exchange filing.

Following the Rs 1 lakh crore boost to consumption via income tax relief, Siddhant Chhabria, Research Analyst & Fund Manager at Mirae Asset, is incrementally looking to further increase allocation in the discretionary sector. «We have been overweight consumer discretionary and underweight staples as the discretionary sector can grow at 1.5-2x GDP growth while staples have the potential to grow at ~1x GDP. Both sectors are trading at similar valuation, hence we prefer discretionary given the growth opportunity,» says the fund manager of Mirae Asset Great Consumer Fund.

McKinsey & Co. partners have been questioning the consulting giant’s presence in China, worried that doing business there may not be worth the risks given the Asian superpower’s increasingly volatile relationship with the US.

Swiggy shares will be in focus on Thursday, February 6, after the company reported a consolidated loss of Rs 799 crore for the December quarter, widening from Rs 574 crore in the same period last year. However, revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.

Page Industries will remain in focus on Thursday, February 6, after the company announced on Wednesday a 34.4% YoY increase in its net profit for the third quarter, which ended December 2024. The same was reported at 204.7 crore, driven by improved operating margins.

Nirmala Sitharaman has a message for the Monetary Policy Commission which began deliberations on Wednesday. The Reserve Bank had last reduced the repo rate by 40 basis points to 4 per cent in May 2020 to help the economy tide over the crisis following the outbreak of the Covid pandemic and subsequent lockdown.

Info Edge will remain in focus on Thursday after the company posted a net profit of Rs 242.59 crore for the third quarter ending December 2024, up 60.6% year-over-year from Rs 151.09 crore a year earlier. The company’s revenue from operations for the third quarter grew 15.2% YoY to Rs 722.39 crore, compared to Rs 627.12 crore in the year-ago quarter.

buy call on Sona BLW Precision Forgings (Sona Comstar) with a target price of Rs 725. The current market price of Sona BLW Precision Forgings is Rs 505.05. Sona BLW Precision Forgings, incorporated in 1995, is a Small Cap company with a market cap of Rs 31140.36 crore, operating in the Auto Ancillaries sector. Sona BLW Precision Forgings' key products/revenue segments include Other Auto Components, Scrap, Export Incentives, Other Services, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2023.

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March approaches, we expect the Reserve Bank to implement measures in its monetary policy to help banks attract more foreign currency deposits, including the FCNR(B) scheme and eased criteria for external commercial borrowing (ECB). Where do you see the rupee headed because it has been weakening further. It touched an all-time low on Wednesday. Mahendra Kumar Jajoo: After the depreciation in the last one month, rupee is now largely in line with the peers in the rest of the global markets. Currencies like Brazilian Real or Mexican Peso have been depreciating by about 15% to 20% in the last one year. Rupee on a year-to-year basis is just down about 5%. So, there was a period in October, November when the rupee was outperforming all the other major currencies and I think that correction has now been done.

Hexaware Technologies will launch its Rs 8,750-crore initial public offering (IPO) on February 12, with a price band of Rs 674-708 per share. The IPO is a pure Offer for Sale (OFS), with promoter Carlyle offloading its stake. Post-IPO, Carlyle's stake will drop to 74.1% from the current 95%.

Gold prices inched higher on Thursday to hover near an all-time high hit in the last session, as Sino-U.S. tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world's largest economy.

Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of President Donald Trump's administration as among the top challenges in figuring out where to take U.S. monetary policy in the months ahead. Chicago Fed President Austan Goolsbee warned that ignoring the potential inflationary impact of tariffs would be a mistake, whereas Richmond Fed President Thomas Barkin said it remains impossible at this early stage to know where cost increases from any tariffs might be absorbed or passed along to consumers. The views of the two U.S. central bankers were emblematic of the cautious approach Fed officials are angling to take in deciding whether to resume interest rate cuts later this year or continue to keep them on hold. The Fed left its benchmark interest rate unchanged last week in the 4.25%-4.50% range after cutting it at three straight meetings to close out 2024. The U.S. economy is strong, the labor market is «plausibly» at full employment, and inflation has come down and is approaching the Fed's 2% goal, Goolsbee said in remarks prepared for delivery to the Chicago Fed's annual auto symposium in Detroit.

ethnic cleansing in Gaza after the U.S. leader proposed that Palestinians resettle elsewhere and the United States take over the war-torn enclave.

The bank said 51% of its 4,233 respondents named inflation and tariffs together as the top potential developments likely to dominate markets this year. Last year, inflation was also a top concern, but only for 27% of the interviewees.

Alphabet earnings and weighed the prospect of future interest rate cuts from the U.S. Federal Reserve. Google-parent Alphabet dropped 7.3% after posting downbeat cloud revenue growth on Tuesday and earmarking a higher-than-expected $75 billion investment for its AI buildout this year.

Fox News senior correspondent Jonathan Serrie speaks to medical and agricultural experts about lactose and dairy cattle testing for bird flu.

Subscribe to enjoy similar stories. India's top stock exchange is on the watchout for fresh measures from the stock market regulator to cool the derivatives frenzy, even as a slew of recent measures begin to take effect. Average daily traded volume (ADTV) in NSE's equity futures segment fell 15% to ₹1,71,825 crore, an NSE presentation for the December quarter showed.

stock market downturn. On the contrary, they have trimmed their stakes further since October, continuing their selling spree from most of the earlier part of 2024. Since October 1, when the market began declining, promoters of nearly 120 mid- and small-cap companies have sold shares worth ₹7,000 crore.

Canada’s mortgage market is reacting to fears this week that United States President Donald Trump’s threatened tariffs could deliver a sharp blow to the Canadian economy.

DeepSeek AI rocked the entire world of artificial intelligence right after its launch, especially when it took on ChatGPT as its primary competitor, causing a major rout in the US stock market, leading to a plummeting of AI and tech stocks, and even causing S&P 500 and Nasdaq Composite to see a setback.