Новости за 22.07.2024

The Economic Survey 2023-24 indicates a promising outlook for India's financial sector while cautioning against over-financialisation. It highlights a crucial transformation with a growing role for capital markets and diminishing banking dominance. The survey emphasizes the need for regulatory vigilance to mitigate vulnerabilities and support sustainable growth. Additionally, it underscores the importance of expanding financial services to promote investment, support MSMEs, and enhance financial inclusion. Читать дальше...

​The SIP contribution in FY24 was reported at Rs 2 lakh crore compared to Rs 1.6 lakh crore in FY23 and Rs 1.2 lakh crore in FY22. The SIP contribution pertains to yearly gross contribution through S

The $8.5 billion Reliance-Disney merger, under CCI scrutiny, includes cricket and Wimbledon rights. Creating the largest entertainment player with 120 TV channels, two streaming services, aiming for 40% ad market share, competing with Zee and Sony. The CCI examines YouTube’s role, premium video market implications, led by Mukesh Ambani's Reliance and Media Partners Asia data.

The Economic Survey highlights a rise in mental health issues in India, urging a community-based approach to address the problem. It notes that 10.6% of adults face mental disorders, with significant treatment gaps. Urban areas report higher rates compared to rural regions. The survey emphasizes the economic impact of mental health problems and calls for better implementation of existing policies, improved awareness, and integration of mental health education. It also links the increase in issues... Читать дальше...

​The company has fixed a price band of Rs 90-95 per share, where investors can bid for 150 shares in one lot. About 50% in the IPO is reserved for qualified institutional buyers (QIB), 35% for retail investors and 15% for non-institutional investors.

Nokia and Bharti Airtel have successfully completed their first 5G non-standalone (NSA) Cloud Radio Access Network (RAN) trial in India. This significant milestone in Airtel’s cloudification journey aims to bring scalability and agility to their network. The trial, which achieved a throughput of over 1.2 Gbps, used Nokia’s RAN Software and took place in an over-the-air environment with 3.5 GHz spectrum for 5G and 2100 MHz for 4G. The partnership highlights innovative solutions and enhanced network capabilities for 5G.

The IBC has created an "optimal incentive-disincentive mix" to facilitate above-board and transparent dealings in creditor-debtor relations, it said. As of March 2024, over 1,500 real estate companies were admitted to the insolvency resolution process under the IBC, accounting for a 21 per cent of total admissions, said the Economic Survey.

India’s economy is shifting with global supply chains favoring it. Mobile phone exports rose 40.5% in FY24. PLI schemes boosted toys and footwear. Toy exports turned India from net importer to surplus, reducing imports. Footwear, smartphone, and defence exports grew. Economic Survey 2023-24 data confirms these changes.

The central government has rejected Bihar's request for 'special status'. According to government sources, no additional states are eligible for Special Category Status as per the Constitution of India. The concept of Special Category Status was first discussed in the 1969 National Development Council meeting, where the Gadgil Committee introduced a formula for prioritizing Central Assistance to states like Assam, Jammu & Kashmir, and Nagaland.

The Economic Survey 2023-24 highlights the pivotal role of the Insolvency and Bankruptcy Code in revitalizing stalled real estate projects and strengthening homebuyers’ rights. The IBC, alongside the Real Estate Act, has streamlined the resolution process for real estate companies, leading to successful outcomes and enhanced liquidity in the sector.

Equity shareholders should also take into account the Geopolitical Risk Index along with the Sensex as it has increased significantly. The Geopolitical Risk Index relies on an aggregation of news articles pertaining to geopolitical tensions from ten newspapers.

The economic survey reveals a significant increase in retail investor activity in Indian capital markets.

Notably, the YSRCP and BJD have also demanded special category status for Andhra Pradesh and Odisha respectively, at an all-party meeting on Sunday.

The external balance has been pressured by subdued global demand for goods, but strong services exports largely counterbalanced this, it added. Noting that global output is now somewhat more resilient than in 2022, the pre-Budget document said inflationary pressures are shrinking, and trade is set to recover, should there be no further geo-political shocks or flare-ups.

Jakson Green announced it secured a Rs 296 crore credit facility from First Abu Dhabi Bank, earmarked for international business expansion starting with investments in Uzbekistan. The funding, equivalent to Rs 2.96 billion, will support the company's venture into Uzbekistan's renewable energy sector, specifically a 250 MW solar power plant with a 63 MW/126MWh battery storage system in Bukhara. This move signifies Jakson Green's pursuit of global growth in the Middle East, Africa, CIS, and Europe.

In the upcoming Union Budget, the finance minister is expected to set an optimistic growth target of over 7.5 per cent against the recent forecasts of 7 per cent by the International Monetary Fund (IMF) and the Asian Development Bank (ADB), an expert said.

​Italian operations have been stable and we expect some improvement going forward into Q2. US operations have also good thing is by and large stabilised and from a volume perspective they are doing well. India, we expect the momentum to be strong, so therefore steel demand in India will continue to be the main thing.

The Economic Survey 2023-24 highlights risks to India's export prospects, including reduced demand from major trading partners like the US, escalating trade costs, protectionist measures, commodity price volatility, and shifts in trade policies by key nations or geopolitical developments.

Bajaj Finance's June 2024 quarter results indicate 16% PAT and 26% NII growth, with 10% more new loans and a 30% increase in AUM. March profits were Rs 3,824 crore. Axis reports stable C-I Ratio; Kotak expects 10% NIM. Motilal highlights 31% YoY AUM growth, 7% QoQ loan growth, 4.1% cost-to-AUM, 34% CIR, and 1.7% credit costs.

The Telugu Desam Party (TDP) and Yuvajana Sramika Rythu Congress Party (YSRCP) clashed as YSRCP chief Jagan Mohan Reddy led a protest outside the Andhra Pradesh Assembly. Accusing the TDP government of failing to maintain law and order, Reddy and his supporters, holding placards reading ‘Save Democracy,’ were stopped by police. Inside the Assembly, they protested before staging a walkout. The YSRCP plans a similar protest in New Delhi on July 24.

India has doubled its airports since 2014, but the Economic Survey 2023-2024 calls for more to meet rising air passenger demand. Domestic traffic rose 13% to 30.6 crore, international traffic 22% to 7 crore. The survey stresses the need for expanded airport capacity, private investments, and sustainability in India's aviation sector.

Axis remains most conservative on the PAT figures, estimating a 1% decline to Rs 2,479 crore in the April-June quarter while Prabhudas most bullish with estimates of 2.5% uptick at Rs 2,562 crore. As for the company revenue in the said quarter, Prabhudas has the highest estimates while Axis has the lowest one. A flat to 2% YoY revenue uptick is seen in Q1.

The Economic Survey 2023-24, presented by finance minister Nirmala Sitharaman in Parliament, highlighted the positive transformation in India's employment situation over the last decade. Despite this progress, challenges persist in formalising the workforce, creating jobs for those shifting from agriculture, and ensuring social security for regular wage and salaried workers.

India's position in the World Bank's Logistics Performance Index has improved significantly, moving from 44th to 38th place in 2023. The country has shown progress in reducing logistics costs, enhancing trade facilitation, and modernizing the sector.

UPI One World can now be used by all inbound international travellers