MARKET ACCESS
India bond yields seen little changed amid lack of fresh cues
Indian government bond yields are expected to hold steady on Monday, moving in a 6.95%-6.99% range. Inflows under the FAR, crossing $10 billion, and foreign banks' increased bond purchases ahead of the inclusion affect U.S. Treasury yields.
We empower MSMEs, retailers across India via offerings designed to boost market access, cut costs: Anand Kumar Bajaj, PayNearby
Our model ensures that MSMEs can access the financial tools they need to thrive, while also enabling retailers to expand their service offerings and increase footfalls to their stores, says Anand Kumar Bajaj, MD and CEO, PayNearby.
Domestic market access for SEZs, SOP for trade pacts likely in 100-day plan
The commerce department is developing a 100-day action plan focusing on various key areas. This includes allowing Special Economic Zones (SEZs) to sell in the domestic market, setting up a comprehensive trade information platform, standard operating procedures for negotiating free trade agreements (FTAs), and establishing ecommerce export zones. The plan also includes the launch of a Trade Connect e-Platform to assist new exporters, the development of ecommerce export hubs, and efforts to boost goods and services exports to $2 trillion by 2030.
Domestic open access solar capacity addition doubles to 1.8 GW in Jan-Mar: Mercom
India added over 1.8 gigawatts (GW) of solar open access capacity in the first quarter of the calendar year of 2024, posting a two-fold increase from 909.3 megawatts (MW) in Q4 2023, the report titled 'Mercom India Solar Open Access Market' said.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Government's protectionist move divides aviation industry
India's aviation industry is divided over the policy to freeze flying rights to Middle East nations, with Air India CEO Campbell Wilson advocating for limiting market access for foreign carriers.
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HC rejects PIL on action against import of pricey refurbished medical gear
The Delhi High Court on Thursday rejected the Patient Safety and Access Initiative of India Foundation’s plea seeking action against large scale illegal import of high-end and high-value used medical equipment other than critical care (Refurbished HEHV medical equipment) without following the mandatory regulations, including prior approval by the Ministry of Environment, Forest and Climate Change.
Infra push, talent access helps satellite cities reshape India's commercial realty
India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.
Reliance-BP and Shell-MRPL jet fuel sales take wing in April
Reliance-BP and Shell-MRPL, the two private sector joint ventures, have made extraordinary gains in a year, taking their combined market share in the ATF market to 10.3% in April from 6.3% in the same month last year, according to industry data.
Bengaluru's Incluzza helps Google bring accessible gaming closer home
Project Gameface, is an open source, hands-free, on-device, AI-powered ‘mouse’ developed by Google that allows phones, computers to be controlled with facial expressions.
Telecom infrastructure sharing may spur gear sharing too, experts say
The current scenario could change with Telecom Regulatory Authority of India (Trai) recommending creating a separate category under the unified license for Digital Connectivity Infrastructure Provider (DCIP) authorisation. "...the proposed DCIP authorisation holder may create both active and passive digital connectivity infrastructure and share it with other TSPs and has to pay no license fee to the government," Trai said in its recommendations last month.
India’s index-eligible bonds set for best performance in a year
Indian government bonds set for inclusion in JPMorgan Chase & Co. index demonstrate strong performance with foreign inflows surging post record central bank payout. Analysts view IGBs as attractive despite yield drops, suggesting potential in swaps.
Amid multi-layered investment process, BlackRock’s India bond ETF to be “one-stop” shop
BlackRock is positioning its recently launched Indian government bond ETF as a “one-stop shop” for foreigners to deploy money in local sovereign debt amid several operational layers that overseas players would otherwise have to go through to trade here, Hui Sien Koay, lead index, fixed income strategist for APAC at BlackRock
What is the best way to regulate algo trading and make it safer for retail traders?
For retail traders to effectively compete, access to algorithmic trading must be democratised. This involves not only continued regulatory backing, but also the availability of practical algo tools that provide similar levels of automation and discipline as those used by institutional traders and professional fund managers.
Industry asked to name items from areas where India can be self-reliant
The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.
JPMorgan says India index inclusion on track, most clients ready
“Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,” managing director Gloria Kim said in an emailed reply to questions.
These midcap stocks with ‘Strong buy’ & ‘Buy’ recos can rally over 25%, according to analysts
The Q4 earning season is clearly showing its impact on parts of the market. Given the fact that the valuations are high, if there is a slight miss by the company on its expected numbers, the street is being uncharitable in its reaction. On the face of it this might appear to be negative but the fact is that the street is also rewarding the stocks where there is either a positive surprise in Q4 earnings or any of the problems are getting solved. Like in the case of some companies which are seeing the lifting of restrictions by the RBI. So the street is at equilibrium level where it clearly shows that while there is no dearth of money for performers but at the same time if the valuations are high and there is no major positive surprise then it is probably time to shed some weight. Keep an eye on the market breadth in coming days and on the mutual fund numbers which are going to come today to figure out what will be the trend of mid-caps in the short term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Sri Lanka extends visa-free access for Indian tourists
Sri Lanka has renewed visa-free entry for tourists from India and six other countries to boost tourism industry recovery post-pandemic and economic crises. The initiative aims to enhance accessibility and convenience for international travelers, signaling the government's commitment to promoting tourism and creating seamless travel experiences. Online visa application process introduced for security checks.
Emmanuel Macron, von der Leyen press China's Xi on trade in Paris talks
Xi arrived in Europe for the first time in five years, at a time of growing business tensions that include the European Union investigating Chinese industries such as electric vehicle exports, while Beijing probes mostly French-made brandy imports. The European Union "cannot absorb massive over-production of Chinese industrial goods flooding its market," von der Leyen said after the three held talks under the gilded ceilings of the Elysee Palace.
India, Australia review progress on trade and investment negotiations, discuss way forward for its completion
In the first Joint Committee Meeting (JCM) under India-Australia Economic Co-operation and Trade Agreement (Ind-Aus ECTA), both sides acknowledged the smooth implementation of the ECTA and briefly elaborated on ECTA implementation issues including MRAs on organic products, market access issues related to products like okra, pomegranate, grapes, cottage cheese, macadamia nuts, lentils and avocado.
India raises issue of pharma pricing control in Australia
India raised concerns on pharmaceutical pricing control in Australia during a recent bilateral meeting, focusing on market access, people-to-people contacts, and trade decline. JCM addressed MRAs on organic products, okra, pomegranate, grapes, cottage cheese.
OTC policy can boost drug access, market
A government-appointed panel is considering allowing commonly used cough and cold medicines, antacids, and fever-reducing drugs to be sold over the counter (OTC) at general stores in India. While countries like Britain, the US, and Australia have clear guidelines for OTC drug sale, India lacks such regulations. In 2022, India approved a new OTC drug policy, but it was not implemented.
India-UAE CEPA celebrates two years marked by robust growth in bilateral trade
Implemented on 1 May 2022, the UAE-India CEPA offers numerous trade benefits, including the elimination and reduction of tariffs, an open trade environment, and enhanced market access for service providers across various sectors. It also addresses technical barriers and provides access to government procurement opportunities.
Good market access offered on both sides, says UK on India FTA talks
UK Foreign Secretary David Cameron has acknowledged that while there has been good market access offered by both sides, it is not enough to secure a free trade agreement (FTA). This comes as Indian negotiators are in London to continue discussions with their British counterparts. The recent restructuring of the BBC to create a new Indian-owned entity to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data, and telecoms as part of the FTA negotiations.
Parliamentary approval process for TEPA to be initiated immediately: Swiss govt
A trade deal between the European Free Trade Association (EFTA) and India is expected to boost Swiss businesses' access to the Indian market. The agreement, after 16 years of negotiations, includes provisions for significant investment in India by the EFTA countries. It will also provide Indian exporters access to European and global markets. The deal aims to improve the legal framework and predictability for businesses, with Switzerland initiating its parliamentary approval process immediately for ratification by 2025.
WTO MC13 ends without public stockholding, fish sops decision
The 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi concluded without a decision on a permanent solution for public stockholding of food. The conference also failed to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on e-commerce transmissions by two years. Despite efforts to resolve differences on agriculture, fisheries subsidies, and other issues, countries like India, the US, and the EU could not find common ground.
India calls out hidden agenda of rich nations to tap poor countries' markets
India criticizes the Global North's hidden agenda of using non-tariff barriers for market access. It urges the WTO to address services trade and mobility issues while emphasizing free trade and addressing the disparity in micro, small, and medium enterprises (MSME).
India closes in on Oman trade deal as Mideast ties strengthen
India and Oman are close to concluding talks on a trade deal that will allow easier access of goods and services into each other’s markets. The deal aims for lower tariffs on exports and better access for Indian professionals. Prime Minister Narendra Modi is determined to build stronger links with the Middle East.
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