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Investing.com — The U.S. dollar edged lower in early European trading Friday, but was on track for a second consecutive weekly gain on renewed doubts over early rate cuts by the Federal Reserve, while weak retail sales hit sterling.

Cholamandalam Investment & Finance Company Ltd. dropped 2.59 per cent to Rs 1258.6 at 02:04PM (IST) in Friday's trade. The counter hit a high of Rs 1295.65 and low of Rs 1258.15 so far during the session.

Tube Investments of India Ltd. traded 1.1 per cent down in Friday's trade at 01:59PM (IST). Around 2,662 shares changed hands on the counter.

Union Budget 2024: India is making strides on global platforms ranging from local production boost to attracting foreign companies to shifting supply chains from rival China as it harbors dreams of becoming the third largest economy. The women of modern India have largely breached the patriarchal walls and are joining the workforce at a moment when Bharat is also seeing a paradigm developmental shift. Read our full Budget 2024 coverage here In today’s Narendra Modi-government-led India, the Nehruvian philosophy of asserting the condition of a nation by looking at the status of its women is still true and perhaps it will forever be valid. World Bank data shows India’s female labour force participation rate was 19.2% in 2021, contributing 17% of the country’s gross domestic product (GDP), which is relatively low for a nation dreaming of becoming a $5 trillion economy by 2025. The International Monetary Fund (IMF) stated that achieving gender equality in India, meaning equal participation of women in the labor force as men, could potentially elevate India's GDP by 27%. According to the World Bank, Indian women contribute to the economy at 17% of GDP, which is less than half of the global average. If approximately 50% of women could join the workforce, India might increase its growth by 1.5 percentage points, reaching 9% annually.

Bharat Forge Ltd. traded 1.28 per cent up at Rs 1239.0 on Friday at around 01:08PM (IST), while the benchmark BSE Sensex advanced 520.11 points to 71706.97. As many as 10,155 shares changed hands on the counter with a total value of Rs 1.25 crore.

Sandip Sabharwal, asksandipsabharwal.com, says “the consumption slowdown is a reality and when it will bottom is tough to say. But normally, it tends to bottom once inflation gets stabilized and then there is a pickup. Hopefully from this quarter, we see some signs of a pickup that could continue into 2024.” The markets went up, ignored all the worries and now the reality is just dawning on us. It is the other way around. Sandip Sabharwal: I think the reality of what is dawning is that the results which were expected might not be as good as what people were expecting. And that is what we have seen with the largecap technology results, which excited a lot of people, but I think the worry is out there and next year will not be as good as what people expect. Then we had insurance companies, which also disappointed and HDFC Bank. Now IndusInd Bank's results are slightly different from HDFC Bank in that they were able to maintain their NIMs but then there is some stress on the balance sheet, so they use their contingency reserves to show better results. The markets overall, are fully priced in a sense. We need some sort of value correction, some sort of time correction, for the markets to become healthy overall for a patient investor.

Mr. Bhatura – a restaurant chain in Noida and Ghaziabad has promised to offer a free plate of 'Chole Bhature' if its restaurant customers show proof of cancelled tickets to the Maldives. India-Maldives: EAM holds 'frank conversation' with Zameer on troops withdrawal "Through this, we want to promote tourism in Lakshadweep.

HDFC Bank Ltd., the country’s biggest private sector lender. A gauge of the country’s top 12 largest banks is set for its worst week since September, erasing nearly $21 billion in market value through Thursday’s close. Two-thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth.

Shree Cements Ltd. traded 0.52 per cent up at Rs 26576.35 on Friday at around 12:02PM (IST), while the benchmark BSE Sensex advanced 495.25 points to 71682.11. As many as 383 shares changed hands on the counter with a total value of Rs 1.02 crore.

India have clear career aspirations, with a focus on professions such as police, teaching, medicine, Army, and engineering. However, there are notable gender differences in these choices.

Kotak Mahindra Bank is expected to report a double-digit growth in net profit for the quarter ended December, led by strong interest income, healthy loan growth, lower credit costs, and stable asset quality. The private sector lender’s net profit for the quarter is seen rising 15.3% year-on-year (YoY) to Rs 3,219 crore, and net interest income is likely to grow by nearly 14% YoY to Rs 6,416 crore, the average of estimates given by 12 brokerage firms showed. Sequentially, the growth is likely to have slowed down sharply, with net profit seen rising 0.9% and net interest income about 2%. The lender is scheduled to release its quarterly earnings on Saturday. Here’s summarising analysts’ expectations on the third quarter earnings scorecard front: Nuvama Institutional Equities Given the low base of unsecured loans for Kotak and lower than peers’ CD ratio, we estimate the bank to continue with its strong growth in Q3 FY24. We expect 6% QoQ/19% YoY growth in loans and 4% QoQ/21% YoY growth in deposits. However, Kotak’s deposit franchise is weaker than the top three private banks. As such, the risk of slower-than-expected deposit growth, in turn, leading to slower loan growth is high for this quarter given soft business updates from other banks. Management had pointed to a negative one-off of 14-15 bps in NIM in Q2FY24. We anticipate NII growth of 2% QoQ.

Marico Ltd. traded 0.65 per cent up at Rs 527.7 at 11:57AM (IST) on Friday, even as BSE benchmark Sensex gained 500.34 points to 71687.2.

Metro Brands fell 5% to Rs 1,140 in Friday's trade on BSE after the footwear retail chain reported a 12.6% decline in consolidated net profit to Rs 98.8 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands. However, its revenue from operations increased 6.14% to Rs 635.5 crore during the quarter under review against Rs 598.7 crore in the year-ago period. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Also read: Epack Durables IPO opens. Should you subscribe to this issue? At 10.45 am, the scrip was trading 3.3% lower at Rs 1,162.4 on BSE.

Investing.com-- CITIC Securities Co Ltd (SS:600030), China’s biggest brokerage, restricted short-selling for some clients amid growing, outsized losses in local stock markets, Bloomberg reported on Friday citing people with knowledge of the matter.

KUALA LUMPUR (Reuters) — Malaysia's economy likely grew 3.4% year-on-year in the fourth quarter of 2023, slightly faster than the previous three-month period, official advance estimates showed on Friday.

Dire Straits frontman Mark Knopfler is selling off a large part of his extensive guitar collection at a London auction with part of the proceeds going to charity. The collection, which includes some of the most significant guitars from Knopfler's 50-year career, is on show at Christie's auction house ahead of the Jan. 31 sale. «It's a wonderful collection of 122 items from Mark Knopfler spanning all of his career and it… represents physically his career as a musician and an instigator and supplier of our communal soundtrack,» Kerry Keane, Christie's specialist consultant for musical instruments, told Reuters. A 1983 red Schecter Telecaster-style guitar used to record Dire Straits' hit «Walk of Life» and which featured in its accompanying music video is estimated at 4,000 — 6,000 pounds ($5,072 — $7,609). A 1983 Gibson Les Paul Standard '59 reissue used for the track «Money for Nothing,» which contains one of Knopfler's most iconic guitar riffs, has an estimate of 6,000 — 8,000 pounds. Christie's said an original version of the 1959 Gibson Les Paul used by Knopfler for performances in the 2000s was likely to fetch the sale's highest price, with an estimate of 300,000 to 500,000 pounds.

earnings heavy day with 46 listed companies to declare their December quarter earnings. Street will be keenly looking at the results of Reliance Industries (RIL), Hindustan Unilever (HUL), UltraTech Cement and Paytm operator One 97 Communications. The other important results will be from the likes of Atul, Central Bank, Hindustan Zinc, RBL Bank, Sunteck Realty and Supreme Industries. On Thursday, IndusInd Bank and Polycab India announced their October-December quarter results along with 40 other companies. While the private lender reported standalone net profit growth of 17% year-on-year at Rs 2,298 crore which was up from Rs 1,959 crore in Q3FY23, Polycab posted a double-digit growth in both profit and revenue for the said quarter. The consolidated net profit rose 15.4% year-on-year (YoY) to Rs 413 crore.

Reliance Industries is scheduled to release its December quarter earnings after market hours on Friday. In the run-up to the earnings, some bit of caution in the market is set to prevail, as investors wouldn’t want to keep open positions ahead of the weekend. So far in January, shares of the index major have gained nearly 6%. The earnings and the outlook that RIL will offer will decide the sustainability of the gains in the counter. Let’s look at the major things to watch out for in the earnings scorecard of the toy-to-telecom conglomerate.

Investing.com-- Most Asian stocks rose on Friday as a positive, AI-fuelled outlook from TSMC spurred a rebound in the technology sector, although weakness in China and uncertainty over interest rates put most bourses on course for a weekly loss.

Russia’s Central Bank has warned citizens about a crypto “scam” project based on the hit drama series The Boy’s Word: Blood on the Asphalt.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.