JP Morgan anticipates 2026 will be a crucial year for India's electronics manufacturing services (EMS) sector, with stocks facing a significant test after underperforming in 2025. A sustained recovery for these shares will depend on companies demonstrating improved profitability, with key triggers including the extension of the mobile PLI scheme and the rollout of ISM 2.0.
The Reserve Bank of India actively intervened to bolster the rupee on Thursday, yet it ultimately closed weaker. Despite initial strength following the central bank's presence, the currency succumbed to later moderation and foreign portfolio investor outflows. Traders anticipate continued volatility, with US non-farm payroll data eyed for Friday.
Nifty 50 companies are projected to see single-digit year-on-year growth in revenue and net profit for the December quarter. Analysts anticipate a recovery driven by policy support and domestic demand, with operating margins expected to remain above 20% for the 13th consecutive quarter.
Indian exporter shares fell sharply. Donald Trump's support for a bill proposing 500% tariffs on Indian imports caused panic. This could significantly increase existing tariffs. Textile, apparel, seafood, and drug makers saw their shares drop. Experts advise caution and focusing on domestic companies. Clarity on the tariffs is awaited.
Pleas from the dozens of Hobart residents who asked city officials to table action fell on deaf ears as the city council approved three resolutions including a contribution of $47 million to the city by Jan. 31 allowing Amazon Data Services to proceed with its data center plans at 61st Avenue and Colorado Street.
Online shoppers spent a record $257.8 billion during the holiday season as they snagged major discounts on electronics, sporting goods and appliances, Adobe data show.
Ford Motor Co. says eyes-off and hands-off autonomous driving will be road-ready in 2028, and it'll introduce new artificial intelligence-powered features to its current customers starting this year.
