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India is experiencing a cyclical economic downturn with projected GDP growth of 6.1% for FY25 and FY26. While rural growth shows improvement, the government is expected to maintain fiscal discipline, and monetary policy remains cautious. Private capex sees encouraging signs, driven by various initiatives.
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News and Media
Chinese officials are considering Elon Musk to acquire TikTok's US operations if the app faces a ban. Musk, a prominent Trump supporter, could merge TikTok with his company X. However, Beijing officials prefer ByteDance to retain ownership while preparing for potential negotiations with the incoming Trump administration.
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News and Media
HCL Technologies shares slipped 6.5% after reporting a 6% net profit growth and 5% revenue increase for Q3 FY24. New deal wins totaled $2.1 billion. Analysts have varied recommendations, with some maintaining 'Buy' and others downgrading to 'Hold'. FY25 revenue growth guidance is reaffirmed at 4.5-5%.
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News and Media
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