Experts Financial News

inflation remains a worry. ET asked a galaxy of experts to make one prediction each for 2024, the early part of which will be dominated by the general elections. But it’s also a year when the Indian economy is set to cross the $4 trillion mark. Not too surprisingly, in our 24 Predictions For 2024, the most dominant theme was the impact of Artificial Intelligence on businesses and lives, but India’s economic potential figured as strongly.

India recorded a trade deficit with nine of its top ten trade partners in the first seven months of 2023-24, with the US being the only country with which exports exceeded imports. India's trade surplus with the US — its largest trading partner — was $19.59 billion in the April-October period, show data from the commerce and industry ministry. However, with China, the second largest partner, the deficit was a whopping $51.11 billion, followed by a $33.56 billion gap with Russia, the fourth largest trade partner of India.

In a surprising turn of events in the dynamic cryptocurrency market, a new contender is emerging with the potential to reach trading volumes similar to the popular Shiba Inu (SHIB).

₹2 crore; others raised rates for bigger deposits. Top lenders State Bank of India (SBI ) and Bank of Baroda (BoB) increased rates on fixed deposits by 25-50 basis points (bps) and 10-125 bps, respectively, for different tenors on 27 and 29 December. A basis point is one-hundredth of a percentage point.

investors (FPI) betting on India. Among the offshore funds who were put off by the onerous disclosure rules imposed by the Indian capital market regulator, some now have a leeway. A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman Islands — though not from the US — will be able to meet the regulatory conditions that would exempt them from the new rules that require funds breaching certain exposure levels to reveal the identities of all its investors down to the last natural persons.

MUMBAI : Venture capitalists, who had turned cautious amid last year’s high interest-rate regime and frothy valuations of startups not backed by fundamentals, are likely to return in 2024, betting on early-to growth-stage entities in their pursuit of the next set of winners. The new year will likely see a flurry of investors coming in to back companies, and funding rounds of Series A and beyond are likely to gain traction, industry experts and investors said. “There is adequate capital available, at least for the India opportunity.

2030 as one of the world’s strongest economies and its stature elevating on the world stage, this truly is India’s aviation decade. With international journeys poised to triple by 2030, strong domestic demand and new airports coming up, India is becoming a travel powerhouse.

The growth rate of international traffic at Indian airports has surpassed that of domestic air traffic, as Indians increasingly opt for foreign trips on the back of improved connectivity and relaxed visa norms. A low base effect and more flights available for international travel have also contributed to this trend. As per data from the Airports Authority of India, international passenger traffic handled at Indian airports this fiscal year (April to November) jumped 25.3% year-on-year (y-o-y).

Mint looks at factors that can aid or disrupt the dream run. In 2023, Indian economy’s strong performance defied expectations. The 6.1% growth in the January-March quarter pushed FY23 growth to 7.2%.

(Reuters) — The U.N. peacekeeping mission in Mali, MINUSMA, is poised to complete its withdrawal from the country on Sunday, the United Nations said in a statement.

By Cynthia Kim, Josh Smith and Jack Kim

Artificial Intelligence ruled 2023-- its discovery, usage, abuse, and a potential threat to jobs-- the new year 2024 can expect a changed stance of this discovery- based on takes the seat of governance. 2023 saw AI boost stock prices, and a profound shift in how humans function. 2024 will see regulators all over the world scrambling to impose rules on this rapidly growing technology.

Apart from the world's top two cryptocurrencies, other popular crypto tokens like Solana remained on top with 965% returns. Avalanche (266%), Cardano (147%), Polkadot (96%), Tron (95%), XRP (82%), BNB (31%), Dogecoin (30%), and Shiba Inu (30%) were other top tokens. Meanwhile, as far as the top 100 cryptocurrencies are concerned, BONK remained the top crypto gainer in 2023 with an increase of over 9600%. Injective (2,923%), Tellor Tributes (2200%), Kaspa (2,198%), Render (1,051%), and Marinade staked SOL (1,038%) were among the other top 100 cryptocurrencies, according to data available on CoinGecko. On the other hand, EOS, TrueUSD, Dai, and Tether remained the top losers in 2023.

The Nifty 50 index closed 0.22% lower at 21,731 points, while the Sensex settled 0.23% down at 72,240 points — both only slightly shy of the record highs hit in the previous session. The Nifty has jumped over 20% in 2023 and the Sensex has risen nearly 19% to log their best years since 2021 and second-best since 2017, fuelled by sustained domestic mutual fund inflows, the return of foreign buying, better-than-expected macroeconomic growth and steady corporate earnings. Here's how analysts read the market pulse: «Immediate support is observed around 21600, followed by 21500, while strong support lies around the week's low around the 21300 mark. Although prices are in uncharted territory with no prominent resistance visible, 21850 followed by 22000 presents an immediate hurdle, considering the overbought conditions.

Indian equities are set for an eventful journey in 2024, with a slew of local and global cues — varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices — Sensex and Nifty — could climb up to 7%.

Nifty 50 in Review | From Tata Motors to Infosys, here are the top 10 Nifty 50 stocks that moved the most in 2023 The bullish trend was underpinned by sustained inflows from domestic mutual funds, foreign capital, better-than-expected economic growth, and robust corporate earnings. Investors on Dalal Street witnessed a significant boost to their wealth, with a staggering ₹81.90 lakh crore added in 2023, propelled by an impressive rally in stocks. However, in the final trading session of the year, both Nifty 50 and Sensex experienced a halt to their five-day winning streak.

Punjab Chief Minister Bhagwant Mann about discrimination over the selection of tableaux for the Republic Day Parade 2024, Ministry of Defence sources on Sunday said that the Punjab tableau did not align to the «broader themes» of this year's tableau. According to the sources, the tableau proposal of Punjab was considered in the first three rounds of meetings of the Expert Committee. After the third round of meetings, the tableau of Punjab could not be taken forward by the Expert Committee for further consideration for not aligning with the broader themes of this year's tableau, the sources. Furthermore, as per the MoD sources, West Bengal's sources were also rejected for the same reasons.

Renewable Energy Stocks: India's sun-drenched fields and windswept coasts are witnessing a silent revolution. Renewable energy capacity has crossed the 179.5 GW mark, making India the 4th largest player globally in both wind and solar power. This rapid green surge isn't just powering homes and industries; it's electrifying stock markets and driving India's ambitious climate goals, according to as the REN21 Renewables 2022 Global Status Report.

The S&P BSE Sensex fell more than 170 points while the Nifty50 managed to hold on to 21,700 levels on Friday. Sectorally, buying was seen in telecom, auto, FMCG, and utilities while selling was visible in oil & gas, energy and public sector stocks. Stocks that were in focus include names like Tata Motors which rose more than 3% while Kalpataru Projects International Ltd closed with gains of over 7% to hit a fresh 52-week high on Friday.

Bitcoin's journey has been marked by both triumphs and challenges, and the year 2024 promises to bring about new trends and emerging themes that will shape the future of this decentralized digital asset. Before we get excited or curious about what 2024 is about to bring us, let us remember that studies and trends have showing an explosion of trends in cryptocurrency that investors can try to participate in.

Nestle India, Pearl Global Industries, and Indian Link Chain Manufacturers will trade ex-split, while Allcargo Logistics and M Lakhamsi Industries will trade ex-bonus this week. Shares of Indian Link Chain Manufacturers (Rs 100 to Rs 10) on Wednesday, January 3, while Nestle India ( Rs 10 to Rs 1), 7NR Retail (Rs 1 to Rs 10), and Pearl Global Industries (Rs 10 to Rs 5) on Friday, January 5, will ex-split. A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts, and the stock price will be adjusted according to the split ratio. Whereas, the record date for the right issue of LA TIM Metal & Industries is fixed on Tuesday, 2nd January 2024. A rights issue is a prevalent form of corporate action where the company invites existing shareholders to buy additional shares in the company at a discounted price within the said period (the cut-off date). However, as existing shareholders of the company, you do not have an obligation to buy additional shares.