Experts Financial News

Subscribe to enjoy similar stories. Chennai: As finance minister Nirmala Sitharaman dots the I’s and crosses the t’s of her speech she will deliver on 1 February, when she presents a record eighth consecutive budget, her biggest concern will be whether the proposals can dispel the clouds hanging over India, the world’s fastest-growing large economy. After the covid-19 pandemic, India experienced a scorching pace of growth for three years—on an average, the economy expanded by more than 8%.

(Bloomberg) — Canada is planning to set up a center to accommodate migrants from the US crossing the northern border into Quebec as the Trump administration pushes ahead with an immigration crackdown.

financial stocks and heavyweight Reliance Industries (RIL). However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

health insurance eligibility requirements for the Super Visa, making it easier for parents and grandparents to visit their families in Canada, as per a CIC News report.

The rupee ended at 86.xxxx, down from its close at 86.54 in the previous session. The currency hovered between 86.57-86.6250 band on the day.

Pakistan Cricket Board (PCB) will hold the opening ceremony of the upcoming Champions Trophy on February 16 in Lahore along with ICC.

Eknath Shinde.

I had purchased Star Assure insurance policy, with a coverage of Rs 20 lakh, from Star Health. I ported to HDFC Ergo Optima Secure policy in August 2024 with a base cover of Rs 15 lakh. The reduction in the amount was because of a feature in Optima Secure that increases the coverage after a year. I had also taken a Super Surplus (top up) policy of Rs 1 crore from Star Health in May 2024 with a defined limit of Rs 20 lakh. Do I need a deductible of Rs 15 lakh in the Super Surplus (top up) given the change in base cover of the primary policy? Is it fine to have a top-up policy from a different insurance company? Sarbvir Singh Joint Group CEO, PB Fintech: The question highlights two crucial aspects of managing health insurance effectively—aligning top-up coverage with the base policy, and the practicality of having base and top-up policies from different insurers.

Nestle India is likely to see muted revenue and profit numbers in the third quarter as the growth continues to be impacted by muted consumer demand and elevated commodity prices. Revenue from operations are likely to improve 4% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising by a marginal 1% YoY.

Small and midcap stocks have tumbled 15% since September 2024, weighed down by slowing domestic growth and tightening liquidity conditions. According to Nuvama Institutional Equities, the correction bears a strong resemblance to past downturns in 2011 and 2018, raising the risk of a prolonged bear market rather than a short-term blip. The brokerage warned that despite the recent slide, valuations remain elevated, suggesting that further downside risk persists unless policy intervention provides relief. Nuvama expressed a preference for exporters such as chemicals, domestic laggards with profitability nearing a bottom like cement firms and quick service restaurants, and consistent compounders.

mutual funds do best only in bull markets. But even in volatile markets, smart fund managers can create and protect value for investors in uncertain times. The recent correction, spanning 26th September 2024 – 21st January 2025, is a case in point.

IndusInd Bank. Analysts point to a disappointing show on almost all the metrics. The net interest income (NII) during the third quarter is likely to rise by a marginal 1% year-on-year (YoY), according to an average estimate of six brokerages. This along with higher provisions could drag the PAT down significantly by 40% YoY.

ChatGPT creator OpenAI on Wednesday said that Chinese companies are actively attempting to replicate its advanced AI models, prompting increased security measures and closer cooperation with US authorities.

Adani Ports and Special Economic Zone (APSEZ) on Thursday reported a 14% year-on-year (YoY) growth in its December quarter consolidated net profit at Rs 2,520 crore versus Rs 2,208 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 7,964 crore which was up by 15% over Rs 6,920 in the corresponding quarter of the previous financial year.

«Going forward, again, I believe Doji Candles of the previous day, I think yesterday we had a strong bull candle, going forward we believe 23,300, yes, has been working as a multiple resistance for last few trading sessions but we expect that to surpass and we should be looking for a target of around 23,700 which is again a 200-day moving average,» says Dharmesh Shah, ICICI Direct. What is the sense on the markets? Dharmesh Shah: Yes, definitely after a sharp weakness in the last few trading sessions, we see more of a technical pullback happening for the markets. And the most important part was we reverted from the major support of 22,800 which has been holding in last few trading sessions.

Sridhar Vembu, Chief Scientist of Zoho Corporation, responded to a frequently asked question from Indian engineers: “Why can’t India achieve what China did?” Vembu acknowledged that while India’s strengths lie in its democratic framework and diverse society, it must chart its own path rather than merely emulating China. He emphasised grassroots innovation and India’s demographic advantage, asserting, “India's strength lies in its ability to innovate and adapt to rapidly changing global dynamics.”

Info Edge (India), the parent company of Naukri.com, on Thursday announced its plans to consider a stock split— a first for the company. The board of directors is scheduled to meet on February 5 to discuss and potentially approve the split ratio. “A meeting of the Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024, we hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company,” said the company in its exchange filing.

India Budget 2025: Climate change and human progress are intertwined, with energy serving as the critical link. Countries need energy not just to sustain their populations but also to fuel development and improve quality of life. However, this relentless pursuit of progress has led to the burning of fossil fuels, which accounts for 75% of global greenhouse gas emissions, as per a UN report. As the world grapples with this challenge, the spotlight turns to renewable energy as the key to sustainability.

Reserve Bank of India's $5 billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.