Foreign institutional investors (FIIs) offload Rs 35,658 crore in Indian stocks in early January, citing rising US bond yields and a weakening rupee. Financials suffer the most with Rs 12,200 crore sold, while minimal buying is seen in textiles and media. Analysts recommend focusing on quality stocks and defensive sectors, anticipating continued volatility.
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes, possibly increasing the lower tax threshold. Domestic institutional investors will likely view this positively, as increased consumption could drive private sector capex and overall economic growth.
President Donald Trump's actions to cut federal diversity programs have impacted companies globally, prompting leaders at the World Economic Forum to reaffirm commitment to DEI initiatives, albeit under new terminologies. Despite Trump's measures, many companies maintain that fostering diversity remains crucial for innovation and business success, as echoed by executives and investors alike.
Paras Defence share price: The company's signed of a Memorandum of Understanding (MoU) with the Maharashtra government to develop an Optics Park Project in Navi Mumbai. The project, set to begin operations in 2028, aims to advance optical technology innovations in India.
US President Donald Trump on Wednesday nominated a Secret Service agent who rushed onstage to protect him from a would-be gunman during a failed election rally assassination bid to become the agency's next director. The president noted Curran's 23-year Secret Service career that began when he was a special agent in the Newark field office and led to his promotion to become head of the Presidential Protective Division in the Republican's first term.
Vikas Khemani, Founder of Carnelian Asset Management, points out the peculiarity of having both capital gains tax and Securities Transaction Tax (STT) in India. He suggests eliminating one tax to make it fairer. He also mentions expectations for a reduction in personal income tax and the importance of the fiscal deficit and capex spending in the upcoming Budget.
HDFC Bank's shares are in focus after the lender posted a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which fell short of Street estimates. The bank's net revenue grew by 6.3%. Analysts recommend a 'Buy' rating due to strong asset quality and improvements in deposit market share.
The House has passed the Laken Riley Act, which mandates detaining unauthorized immigrants accused of theft and violent crimes. The bill, named after a murdered nursing student, received bipartisan support and underscores the shift in immigration policy following Trump's election. Implementation will require significant funding and resources.
U.S. President Donald Trump has signed multiple executive orders impacting immigration, the federal workforce, gender policies, energy production, the Paris climate agreement, the World Health Organization, and has pardoned supporters involved in the Jan. 6 Capitol attack. These actions aim to fulfill his campaign promises.
