New Delhi: Finance minister Nirmala Sitharaman Friday said India’s economic growth is firmly anchored in robust domestic consumption that blunts the impact of external shocks, and that its evident resilience in the face of global turmoil is “neither accidental nor transient”. “The Indian economy is resilient and continues to grow sustainably,” she said, adfdressing the … Read more
Anand Radhakrishnan, MD, Sundaram Mutual Fund, says rate cuts are expected to boost both listed and unlisted companies by improving liquidity and credit availability. Consumption, which accounts for over 50% of the economy, is likely to rise due to tax relief, falling interest rates, and potential wage growth. Many legs of the economy seem to … Read more
“On the commercial vehicle side, the cycle has been on a moderate growth cycle or a downturn sort of. Now, in the coming year the possibility of a positive surprise, I would say, is greater than that of negative surprise because one, as economic growth picks up, interest rates move down, it will definitely generate … Read more
U.S. stocks ended the week on a quiet note on Friday after oscillating between slight gains and declines, as investors gauged President Donald Trump’s comments on Chinese tariffs ahead of weekend trade talks between the two countries. Wall Street‘s main indexes finished slightly lower for the week. Trump said Beijing should open its market to … Read more
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting several Indian banks to adjust their repo-linked lending rates (RLLR). This move is set to benefit home loan borrowers, as banks like Indian Bank, Punjab National Bank (PNB), and Bank of India have announced reductions in their lending rates. … Read more
Launched in 2015 to democratise access to finance, the Pradhan Mantri Mudra Yojana (PMMY) has emerged as a cornerstone of India’s entrepreneurial transformation, disbursing over ₹32.61 lakh crore in loans to more than 52 crore beneficiaries. The scheme has redefined the country’s credit space by shifting the focus from politically influenced corporate lending to empowering … Read more
SEBI chief Tuhin Kanta Pandey on Saturday signalled that taxation policies for the capital market are unlikely to be changed while underlining that there is certainty on taxation at present. “If some certainties have already come in terms of taxation, let’s not unsettle it. I think the point is we have to live with what the … Read more
Motilal Oswal Private Wealth (MOPW) has issued a recommendation for investors to pursue lump sum investments in Hybrid and large-cap funds. This guidance comes in response to the recent market corrections which have seen large-cap valuations fall below their 10-year average. The advisory reflected the firm’s strategic outlook amidst ongoing consolidation in the Indian equity … Read more
A recent report by Edelweiss Mutual Fund has projected that equities are likely to outperform gold over the next three years. The report highlights that while gold has traditionally been seen as a safe-haven asset during periods of economic uncertainty, equities are expected to thrive amidst the backdrop of economic growth. Such conditions make equities … Read more
This week, the Union Cabinet may take a final call on the Dearness Allowance (DA) hike this week. If approved, the new DA will come into effect retrospectively from January 2025, which means the employees will get an increase in their salary for March and also receive two months’ arrears. According to recent news reports, … Read more