POLICY DIRECTIONS
Gujarat received FDI worth USD 7.3 billion in 2023-24, jump of 55 pc over previous fiscal
Gujarat attracted USD 7.3 billion FDI in 2023-24, a 55% increase, ranking second after Maharashtra. DPIIT data highlight this growth. Under PM Modi and CM Patel, policies and cluster-based areas like Sanand GIDC, Dholera SIR, semiconductor plants, financial incentives, and business-friendly measures enhanced Gujarat's infrastructure and ease of doing business.
UK's Conservatives face leadership 'bloodbath' as party seeks new direction
After 14 years in government - the last eight marked by chaos and divisions following the Brexit vote - the Conservatives are now confronted by an internal struggle among lawmakers, grassroots members and donors over whether to move further to the right or turn back to the centre.
Here's a two-pronged approach to navigate an ever-rising stock market
Despite the Modi regime's progressive policies ensuring macro-stability, the 2019 super-rich surcharge raises doubts, especially in view of the poor election show of the BJP. Markets however defied election outcome pullback expectations, hitting new highs. In such a scenario, investors should monitor policy changes and consider phased investments.
Assam's Industry Minister Bimal Bora visits Pepsi India project site at Nalbari
Assam's industrial policy has led to over Rs 3,000 crore in mega investments, with Pepsi India being the largest FDI. The Greenfield Project at Nalbari, worth Rs 778 crore, aims to enhance job opportunities and provide livelihood opportunities for farmers growing potato crops. The company provides advanced technology, seeds, machinery, and women's skills training.
US stocks struggle for direction as investors evaluate tech trade
Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
Life insurers' margins may take a hit on early surrender directive
Insurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insurers are exploring changes in their business models to align with the new regulations and focus on growth over profitability.
Government's focus on housing and infrastructure to continue: Karthik Srinivasan
As I said in terms of GDP growth, we do expect the country to continue in 6.5% to 7% kind of growth rates for next couple of years
8 PSU stock ideas from Anand James to play the next round of upside
VIX has almost halved, from the peaks seen on the election results day, suggesting that volatility expectations have significantly eased. However, VIX is still above the levels seen a month before the results, indicating that caution has not been entirely abandoned. Nifty is now at record peak, post a three consecutive day rise that erased a single day drop of over 8% during last week.
NDA government 3.0 hopes fuel Street rebound
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
RBI to face problem of plenty: Prepare for bond sales
The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.
Diversify your portfolio to gain from post-elections policies: Mahantesh Sabarad
Mahantesh Sabarad, an Independent Market Expert, suggests that the capex theme will be lucrative, particularly for capital goods and industrial goods companies, if the current government continues. This outlook is based on the expectation of a strong emphasis on capex under the incumbent administration.
Yen's relentless slide revives Japan's interest in structural reforms
Japanese policymakers are focusing on structural economic factors driving persistent yen declines, as market intervention has limited impact on the currency's broader slide.
European shares struggle for direction ahead of ECB's inflation surveys
European shares were subdued as investors awaited inflation surveys for insights on the ECB's monetary policy, with Germany's DAX up 0.2% post a 1.8% fall in April's wholesale prices.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
EC egregiously wrong in directing Congress not to 'politicise' Agnipath scheme: Chidambaram
Senior Congress leader P Chidambaram criticises Election Commission's directive on politicising the Agnipath scheme, asserting Opposition's right to criticise government policies.
Constitution copy row: Opposition parties in Assam attack CM Himanta Biswa Sarma
Opposition in Assam criticizes Himanta Biswa Sarma for remarks on Indian Constitution color, questioning Rahul Gandhi's possession of a Chinese Constitution. Hafiz Rafiqul Islam from AIUDF adds there's no fixed color for the Indian Constitution. Congress MLA Abdul Rashid Mondal emphasizes the uniformity of content over color. Sarma accuses Rahul of opposing the Uniform Civil Code.
Rahul Gandhi displaying Chinese constitution at rallies: Himanta Biswa Sarma
Assam Chief Minister Himanta Biswa Sarma accused Congress leader Rahul Gandhi of displaying a Chinese constitution at his rallies due to its red cover, which resembles the Chinese constitution. Sarma noted that the Indian constitution traditionally has a blue cover. In response, social media users clarified that the red-bound book is a coat pocket edition of the Indian Constitution, presented to Indian leaders, including the President and Union Home Minister. Sarma reiterated his claim, suggesting Gandhi opposes the Indian constitution's Directive Principles, especially regarding the Uniform Civil Code.
Expect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary
India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct spending. Additionally, he stated that India might further liberalize FDI norms in select areas under the new government.
Does Article 39(b) allow government to take over your property?
The 18th Lok Sabha elections spark a debate on inequality in India as Congress proposes a caste census, countered by BJP's accusations. The Supreme Court is re-evaluating Article 39(b) in a property dispute case, which could impact Parliament's ability to enact laws related to wealth distribution.
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