India is looking at Net Domestic Product as a key economic indicator. This move aligns with the United Nations' SNA 2025 guidelines. NDP accounts for asset depreciation and resource depletion, offering a clearer picture of economic costs. The statistics ministry is preparing for this change, with implementation planned for 2029-30. A revised GDP base year is also coming soon.
The Reserve Bank of India has issued new rules for related party transactions. Existing deals not meeting the new standards can continue until they mature. Equity investments are not included in these new directions. The RBI aims to prevent conflicts of interest and improve corporate governance. These changes will affect banks and other regulated entities.
Indian consumer goods maker Dabur said on Monday it has seen signs of demand recovery in the third quarter, after consumers had deferred purchases ahead of the government's tax cuts that took effect in September.
Trent reported 17% revenue growth in Q3 despite slower expansion. Zudio remains the key growth driver, while a sharp stock correction and improving store economics prompted HDFC Securities to upgrade the stock outlook.
Jefferies initiates Buy on Emmvee Photovoltaic, citing Indias rapid solar scale-up, strong policy support and cost advantages. It expects installations to grow 24% CAGR, lifting domestic manufacturers profitability and positioning Emmvee for high-teen returns despite medium-term margin pressures.
