India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi [India], July 9 (ANI): The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year. Also Read | Revealed! Virat Kohli Uses Dye for Beard, Indian Cricketer Admits Hiding Grey Hair As He Talks About Test Retirement. It stated, "Easing of the regulatory environment in both--the NBFC and Insurance spaces, and growth impetus by the regulators and the government, set the platform for stronger performance in H2FY26." However, the performance in the first quarter (and possibly the second quarter) has not been very encouraging. For NBFCs, key indicators such as AUM growth, asset quality, and credit cost have shown limited improvement. Also Read | What Is X-Guard? All About Indian Rafale's AI-Powered Towed Decoy System Which Helped Air Force Neutralise Pakistani Air Threats During Operation Sindoor. Similarly, insurance companies have not reported strong growth in recent quarters. A positive development highlighted in the report is that the stress in the unsecured personal loan segment and the challenges in the microfinance institution (MFI) space are now largely behind, with consensus forming around this view. However, for a broader and more sustained revival in credit growth, recovery in vehicle sales will play an important role. The report alsp cautioned that recent and upcoming regulatory changes could lead to near-term volatility in capital market-linked stocks. However, such volatility may also present attractive entry opportunities for investors. Despite some short-term uncertainties, investors continue to see NBFCs, insurance companies, and capital market players as structural investment stories. The recent outperformance of their shares appears to reflect expectations of the H2FY26 revival, which may cap any near-term upside. The report further added that a frontloaded 100 basis points repo rate cut by the RBI in CY25, the reversal of increased risk weights on bank loans to NBFCs, and more lenient provisioning norms for project finance are all expected to support stronger growth and profitability for NBFCs, mainly driven by net interest margin (NIM) expansion. This improvement may come with a slight delay. In addition, better temporal and spatial distribution of the monsoon so far is aiding rural recovery. Coupled with multiple government initiatives aimed at boosting growth, this is likely to support increased credit demand across sectors. (ANI) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
Mumbai, December 4: As Team India prepares for the pink-ball day-night second Test against Australia at Adelaide Oval, all eyes will be on star India batter Virat Kohli, who has not only regained his form and confidence following a fine century at Perth but also holds an incredible record at the venue. Let's look at his records there. Virat Kohli's Record in Adelaide: A Look at How the Star Indian Batsman Has Performed at Adelaide Oval Ahead of IND vs AUS Pink-Ball Test in Border-Gavaskar Trophy 2024-25. His first match as Test captain during the 2014 series that included a statement-making 1 ...Read More >
Brendon Kleynhans is a maths teacher at South African College School, one of the country's most prestigious alma maters. It luxuriates in the leafiness all around the most genteel part of Cape Town, with Newlands a mere long boundary away. If that brings to your mind's eye a slight, chinless, reticent, bespectacled individual sporting a combover, a pocket protector and - dread word - slacks who declines to step out of the safety of suburbia, you need that eye tested. "During camps it's half-pace," Kleynhans told Cricbuzz in the Kingsmead nets on Tuesday as the South Africans completed their ...Read More >
India have only one worry ahead of the second Test against Australia in Adelaide, and it became more clouded after the pink-ball warm-up game on Sunday at the Manuka Oval in Canberra. India are all set to welcome back captain Rohit Sharma in the line-up, after having missed the opening Test, but ae yet to figure out his batting position. Rohit did not travel with the Indian team to Perth as he stayed back in Mumbai for the birth of his second child. He joined the Indian camp midway through the opening Test and played his first match on Sunday in the warm-up tie against Australia Prime Ministe ...Read More >
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-r ...Read More >
New Delhi [India], December 3 (ANI): Indian hockey player Jarmanpreet Singh said that the return of the Hockey India League (HIL) will help up-and-coming players learn more about the overseas players and would help India in ultimately securing the gold medal in Los Angeles 2028 Olympics. Jarmanpreet spoke to ANI about the return of the Hockey India League, team India winning the Paris Olympics 2024 bronze and the Asian Champions Trophy, the retirement of legendary goalkeeper PR Sreejesh etc. Speaking about the return of HIL, Jarmanpreet said to ANI, "Yes (if it will help Team India get LA 20 ...Read More >
New Delhi: Harry Brook, England's rising star, has cemented his place as one of the world's top Test batters. He has moved up to second in the latest ICC Men's Test Batting Rankings following a brilliant 171-run performance in England's dominant eight-wicket victory over New Zealand in Christchurch. This remarkable knock propelled Brook two places higher in the rankings, pushing him ahead of India's Yashasvi Jaiswal, who slipped to fourth just days after reaching his career-best position. Brook now has 854 rating points, while New Zealand's Kane Williamson remains in third with consistent fift ...Read More >
Australia lost the first Test by 295 runsAustralia faced their first Test defeat in PerthAustralia are looking to make a comeback in Adelaide Australia retained their 13-member squad for their second Test against India, confirmed selector and coach Andrew McDonald. On Monday, the Aussies lost the Perth Test by 295 runs to go 0-1 down in the five-match series against India. It was also the first time Australia lost at the Optus Stadium after winning four matches on the trot since 2018. McDonald, however, showed faith in their squad to make a turnaround in the Pink-Ball Test, starting December ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its October policy, only to pare it to 6.8%. Growth in gross value added (GVA), which is the preferred measure ...Read More >
Allan Border expresses his disappointment over the team's inability to contain Virat Kohli during the first Test in Perth Melbourne: Expressing his disappointment over the team's inability to contain Virat Kohli during the first Test in Perth, former Australia captain Allan Border questioned the tactics of skipper Pat Cummins. Kohli, who had not scored a Test century in 18 months, roared back to form with an unbeaten 100 in the second innings as India secured a thumping 295-run victory over the hosts. "I was really disappointed in the way we let Kohli roll on to a hundred without much resist ...Read More >
At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.49 against the greenback, registering a fall of 2 paise over its previous close. On ...Read More >
New Delhi [India], November 29 (ANI): Former Australian captain Ricky Ponting lauded star Indian batter Virat Kohli for a century against Australia at Perth, pointing out how trusting his game during the second innings paid off well for him. After a terrible home Test season against Bangladesh and New Zealand, with horrific outings against the Kiwis in a losing cause, Virat rose above all critics, questioning and doubts with yet another magnificent ton at Perth's Optus Stadium. With this century, he shattered many records as a visiting batter and continued his love affair with playing in Aust ...Read More >
Bitcoin World - Let me start by saying that I made over $30,000 in passive income last month. I know, that sounds crazy, right? But I promise you it is 100% real. I used to think that making money while you sleep was something only the super wealthy or tech savvy could do. But it turns out it is totally possible, and I'm here to tell you how I did it," said Dennis. Dennis has been installing photovoltaic panels for three years, and five years ago he asked his wife a question: "Do we really have to work ourselves to death?" She simply responded: "That's life." "To be honest, it was frustratin ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
India’s star batter Virat Kohli, ahead of the Border-Gavaskar Trophy 2024-25, reflected on his memorable century on Perth’s challenging pitch during the 2018/19 series, calling it his best knock in Australia. However, Kohli faces immense pressure this series, struggling with form after scoring just 488 runs in 2024 at an average of 20.33. Once a dominant force in Test cricket, his performance has dipped since 2020, raising questions about his place in the team. With the five-Test series kicking off in Perth on November 22, Kohli aims to rediscover his magic on Australian soil and silence his c ...Read More >
Get latest articles and stories on Sports at LatestLY. Kiwi batter Kane Williamson helped New Zealand seat in the driver's seat of the first Test match against England at Hagley Oval in Christchurch on Thursday. Christchurch [New Zealand], November 28 (ANI): Kiwi batter Kane Williamson helped New Zealand seat in the driver's seat of the first Test match against England at Hagley Oval in Christchurch on Thursday. At Day 01 stumps, New Zealand stood at 319/8 with Glenn Phillips (41*) and Tim Southee (10*) unbeaten on the crease. Also Read | Pakistan vs Zimbabwe Live Score Updates of 3rd ODI 2 ...Read More >
So, we believe the seasonality flavour should work out in the month of December. Apart from that market breadth that is more important to look out for where only if you look in the current corrective phase only 12% of the stocks were trading above the day moving average of total CNX 500 and that is coming to now improving to around 33%."We expect Nifty to find the support in the range of around 23,500 to 23,700 and we should be gradually heading towards the target of 24,500," says Dharmesh Shah, ICICI Direct. How is the new series looking to you? Do you think we are all awaiting that Santa ra ...Read More >
In the financial sector, the rise of generalist lenders is gaining traction as market dynamics shift. Once overlooked, lenders offering a broad spectrum of services are now favored over specialists like microfinance or affordable housing lenders. Post-COVID, regulatory pressures and emerging risks in niche sectors have driven many lenders to diversify their portfolios, appealing to investors seeking stability. From gold loans to SME lending, diversification mitigates risk and strengthens customer relationships. As the financial landscape evolves, the demand for generalist lenders is expected t ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
Canara Bank has got exemption from the Centre to hold stake beyond the 30% upper limit under the Banking Regulation Act in joint ventures Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company. The bank, which owns 51% each in the two JVs, had approached the government seeking permission to divest 13% in the asset management entity and 14.5% in the insurer, by way of initial public offers, Canara Bank said in a filing on Wednesday. The Centre, on the recommendation of the Reserve Bank of India, has decided that the provisions of sub-section (2) of Section 19 of the Bank ...Read More >
Amazon Web Services (AWS) has launched the Quantum Embark advisory program to help businesses prepare for the emerging quantum computing era. The program comes as quantum stocks, like IonQ, see significant growth, driven by innovations in drug discovery, cryptography, and materials science. Companies like D-Wave and Rigetti are advancing quantum technologies, with D-Wave focusing on optimization problems and Rigetti on scalable quantum systems. Despite early financial losses, these companies are gaining traction with government contracts and commercial clients. As quantum computing evolves, in ...Read More >
Australia faces mounting pressure ahead of the second Test against India in the Border-Gavaskar Trophy, with concerns over Marnus Labuschagne's form. Labuschagne has scored just 123 runs in his last 10 Test innings, sparking calls for his exclusion. Former pacer Mitchell Johnson suggests dropping him for domestic cricket, while young talent Sam Konstas impresses with a century in a warmup match. However, ex-England captain Michael Vaughan advises stability, warning against lineup changes that could disrupt team cohesion. He believes the Day-Night Test in Adelaide offers Labuschagne a chance to ...Read More >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in t ...Read More >
India is gearing up for the second Test of the Border-Gavaskar Trophy against Australia in Adelaide, a Pink Ball Day-Night match set to begin December 6. Cheteshwar Pujara discussed the challenges of adapting to the pink ball, emphasizing the need for faster footwork and quicker reactions due to the ball's quicker movement. Australia’s strong undefeated record with the pink ball adds extra intensity to the contest. However, Pujara remains confident in India's ability to perform, especially after their strong win in the first Test. Fans can expect an exciting and closely contested match as the ...Read More >
William B. Roberts, a director at Consumer Portfolio Services, Inc. (NASDAQ:CPSS), recently sold a substantial amount of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Roberts offloaded a total of 30,000 shares over several days, with transactions occurring on November 14, 15, and 18. The shares were sold at prices ranging from $10.37 to $10.49, generating proceeds of approximately $313,000. Following these sales, Roberts retains ownership of 770,078 shares of the company. Each sale was executed at a weighted average price, with the shares being sold ...Read More >
HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ -- IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants' gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. IBSAT is designed to reduce the stress on aspirants unlike CAT, XAT as the test does not have negative markings or sectional time limits, allowing candidates to foc ...Read More >
Major blast outside Badshah's nightclub in Chandigarh, glass window shatters; no casualty Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur says 'that spotlight belonged to you': 'Main ta bahut lucky..' 'One Nation One Subscription': Centre's scheme to ensure access to research articles, journals EXPLAINED Shillong Teer Results TODAY November 26, 2024: Check winning numbers here Meet woman who has become the youngest to travel all 195 countries, she is from... Kerala lottery TODAY November 26 Live Sthree Sakthi SS 443 Tuesday, check winning ticket, prize money here The Matrix villa ...Read More >
India's BFSI sector is rapidly evolving with digital transformation, creating new opportunities for the youth to merge financial knowledge with tech skills. As automation, AI, blockchain, and big data reshape the industry, India’s young workforce must be equipped with specialized skills to stay competitive. Roles in data analysis, AI, and cybersecurity are growing, and companies that invest in technology and upskilling will lead the market. While government programs aim to bridge the skills gap, a collaborative approach with educational institutions and financial organizations is key to ensuri ...Read More >
Amante Capital, KKR's dedicated European hospitality platform, will serve as managing partner to the joint venture LONDON--(BUSINESS WIRE)--Leading investment firms KKR and The Baupost Group today announced a joint venture to purchase a portfolio of 33 Marriott International (NASDAQ:MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as premium Marriott branded hotels. The portfolio ...Read More >
Stock market today: The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). According to Trendlyne, an equity research platform, Nifty 50 is above its 100-day EMA of 24,306 and 50-day EMA of 24,364. However, the index is yet to breach its 50-day and 100-day simple moving averages (SMAs) of 24,643 ...Read More >