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state business summits. The sheer volume of these events, particularly in January and February, underscores their perceived importance in attracting investment. Yet, the question lingered: how many of these inked commitments truly translate into tangible economic development? India's economic landscape is punctuated by a surge in state-led investment summits.

Subscribe to enjoy similar stories. India’s auto industry is booming, with annual vehicle sales surpassing 4 million, making it the world’s third-largest car market. The Nifty Auto Index has surged, delivering a 36% compound annual growth rate (CAGR) from pandemic lows, significantly outperforming the broader Nifty 50.

Sachin Shah, Fund Manager, Emkay Investment Managers, says midcaps and smallcaps will be very bottoms up, very company specific, where the earnings growth will have to be very solid, the tailwind over there may not be there, but it was there for the last two-three years as far as both from the investor's perspective and also from the ground level business perspective. So, largecaps will be relatively easy to invest and make some decent returns over the next 12 to 18 months. The colours of Holi are on the screen, some bit of a green and some bit of a red. There is a Holi feel all around. But the question is when will the markets turn pink? Pink as in when will we get back to that pink of health for the markets? What is your current take on the markets and how are you navigating this volatility? Sachin Shah: Clearly, we are seeing a decent amount of volatility in CY25. Even the last quarter of CY24 was not very great. And it is driven by the global headlines, global flows, and, of course, in the last few months also, it has to do something with the domestic economy. We have to understand that as equity investors, we have to be ready for a non-linear kind of market movements and this is also a phase because we have had some fantastic times in the last five years. Because even today, in the current financial year, the markets are more or less flat, but in spite of that, with that flat year also if you see the last two years, three years, five years, all the returns are in the range of 18%, 20%, 25%.

RPG Group chairman Harsh Goenka recently shared a post on microblogging platform X (formerly Twitter) featuring Reliance Industries Chairman Mukesh Ambani’s perspective on success. The post included a video of Ambani quoting a message from Swami Vivekananda, stressing the importance of focusing on a single idea.

Gensol Engineering, in its meeting today, approved a 1:10 stock split along with a fundraise of $50 million through the issuance of Foreign Currency Convertible Bonds (FCCBs), American Depository Receipt, Global Depository Receipt and/or other global listed/unlisted securities with options of conversion into equity shares of company. The company announced that it will split its existing equity shares from a face value of Rs 10 per share to Re 1 per share, effectively increasing the number of outstanding shares tenfold.

JSW Energy on Thursday announced the signing of a power purchase agreement with West Bengal State Electricity Distribution Company to set up a 1,600 MW thermal project. Besides, it has received a commercial operation date (CoD) certificate for Unit 2 of the 2X350MW Utkal thermal power plant, the company said in an exchange filing. A power purchase agreement (PPA) has been signed with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant, it added. The 1,600 MW greenfield thermal power project, to be constructed in Salboni, West Bengal, is scheduled for commissioning in the next five years.

Subscribe to enjoy similar stories. Mines in Tamil Nadu will now attract additional tax, dealing a fresh blow to The Ramco Cements Ltd, which focusses on south India. Under the Tamil Nadu Mineral Bearing Land Tax Act 2024, the Tamil Nadu government has notified the levy of a mineral-bearing land tax of ₹160 per tonne on limestone in the state, effective 20 February.

Subscribe to enjoy similar stories. The International Energy Agency said the macroeconomic conditions underpinning its oil-demand projections have worsened over the past month due to global trade tensions, and that it sees a bigger-than-anticipated supply surplus if OPEC+ raises output beyond April. “New U.S.

Subscribe to enjoy similar stories. The virtue economy has completely burst [in the US]. Many companies are cutting their diversity, equity and inclusion (DEI) programmes, environmental, social and government (ESG) funding in the US has fallen, and companies are being quieter about politics.

Haldiram Snacks Food, India's biggest maker of bhujia and other ethnic snacks, Singaporean private equity firm Temasek signed a definitive agreement to buy 10% in the company at a valuation of $10 billion on Tuesday night, ET has reported based on information from executives directly aware of the developments. To command such a high valuation, Haldiram promoters, the Agarwal family, had been sprucing up its operations. The two business branches of the Haldiram group, Delhi and Nagpur, are being merged through a plan approved by the National Company Law Tribunal (NCLT). The promoter family also roped in a professional CEO in May 2023, a first for the company. Yet, the $10 billion ask by the promoters was not found convincing by several interested parties even though the iconic brand that started in 1937 with a tiny shop in the city of Bikaner in Rajasthan has grown into a mega business sprawling across products as well as territories, commanding leadership in a highly fragmented sector of ethnic savouries and snacks.

Elon Musk has once again drawn attention to South Korea’s falling birth rates, calling the situation a “catastrophic population collapse.” The billionaire entrepreneur made the statement in response to a post on X (formerly Twitter) that included a stark visualisation of the country’s demographic crisis. The highlighted portion of the post read: “In South Korea, where the total fertility rate is the lowest in the world at 0.68, every 200 fertile-age adults can expect to give life to 68 children; those children will produce 23 grandchildren, who will result in only eight great-grandchildren. That’s a 96 percent population decline over the course of three generations, and that’s if fertility stops decreasing and finally holds steady.” A user reacted to the alarming statistics by stating, “This is such an insane thing to visualise.” Musk replied with a brief but pointed response: “Catastrophic population collapse.”

Zolve has secured $251 million in a debt-equity mix funding round led by Creaegis. The startup offers credit facilities to students and professionals moving to the United States from other countries. Out of the total funds, $51 million is an equity infusion and the rest is debt. Other than Creaegis the round saw participation by HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. Accel, DST Global, and others had participated in the platform's first institutional funding round of around $40 million, which took place in October 2021.

shares were largely unchanged on Thursday as investors took a step back to assess the ramifications of U.S. President Donald Trump's wavering tariff announcements on global trade relations. The pan-European STOXX 600 was down 0.06% as of 0813 GMT, after closing 0.8% higher on Wednesday due to optimism from hopes of a ceasefire in Ukraine and a cooler-than-expected U.S. inflation report.

economy? check. As you continue to gather your gulal and stock up on sweets, there is another reason to celebrate Holi this year—the Indian economy is bringing its own splash of colors to the festival. With inflation cooling, EMIs likely to get cheaper, and a fresh dose of tax relief from the government, there’s more than just festive spirit in the air. So, as you vibe on “Balam Pichkari" or «Do me a favor, let’s play Holi!”—here’s how the economy is setting the perfect backdrop for a vibrant, cheerful celebration.

Holi, giving investors an extended weekend before trading resumes on Monday, March 17, as per the holiday schedule issued by the National Stock Exchange (NSE) and the BSE. The closure will affect all market segments, including equities, derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR), and currency trading.

William Lai Ching-te said Thursday tougher measures are needed to counter stepped-up Chinese infiltration, spying and other efforts to weaken the island's defences. Lai cited a range of recent incidents involving China that fall into a «gray area» of psychological warfare short of open armed conflict. Beijing's efforts to «subvert, obtain secrets, lure members of the armed forces and influence public opinion to lose confidence in our national defence require that we step up our legal safeguards to prevent and detect such incidents,» Lai said at a news conference. Lai's Democratic Progressive Party favours the island's continued de-facto independence from Beijing. China has refused almost all official contact with the DPP since Lai's predecessor, Tsai Ing-wen, was elected eight years ago. China regularly sends ships and planes into airspace and waters near the island in an effort to intimidate its 23 million people and wear down its armed forces and morale. Taiwan's government recently expelled the Chinese wife of a Taiwanese citizen after the woman repeatedly posted short clips on Chinese social media saying China would conquer Taiwan in half an hour and praising the Chinese leadership.

Holi festival in Jharkhand, a meteorological department official said on Thursday. Some districts in Kolhan and Palamu divisions may also experience a maximum temperature of around 40 degrees Celsius. The maximum temperature is likely to increase by up to five degrees Celsius during the next four days, starting from Friday, he said. «A yellow alert of heatwave has been issued for the Kolhan division, comprising three districts Seraikela-Kharswan, East and West Singhbhum, for March 14. Ranchi Meteorological Centre in-charge Abhishek Anand said, „A similar condition may be experienced in Palamu division, mainly in Palamu and Garhwa districts along with Kolhan on March 15 and 16. The maximum temperature could reach 40 degrees Celsius in two divisions.“ Anand added that the maximum temperature might rise by three to five degrees Celsius across Jharkhand during the next four days due to the inflow of warm winds from the western region.

Bank of Japan chief bolstered rate hike expectations. The Nikkei closed 0.08% lower at 36,790.03, after rising as much as 1.4% earlier in the session to track Wall Street's overnight higher.

Holi flash sale offering significant discounts on its popular S1 range of electric scooters. The announcement was made by the company in an exchange filing on Wednesday. As part of this limited-time promotion, Ola's customers can avail discounts of up to Rs 26,750 on the S1 Air and Rs 22,000 on the S1 X+ (Gen 2) rage of electric scooters. The models are now priced at Rs 89,999 for the S1 Air and Rs 82,999 for the S1 X+ (Gen 2), Ola Electric said. Moreover, Ola is providing discounts of up to Rs 25,000 on the rest of the S1 range, including the latest S1 Gen 3 models, the company said.

Subscribe to enjoy similar stories. Aprajita Toor's take on Mary Janes: Umrao Janes' in Dusk Bloom where traditional Indian motifs get a modern twist.