Новости за 07.01.2025

India’s first few cases of Human Metapneumovirus (HMPV) were confirmed in Karnataka, Gujarat, Maharashtra and Tamil Nadu, involving at least seven children. The Union Health Ministry reassures that the virus, first identified in 2001, is not new and infections are manageable. Authorities have issued preventive guidelines and continue to monitor trends through national surveillance systems. Public health officials emphasise there is no reason to panic as infections are typically self-limiting and treatable with symptomatic care.

​Equities rose in Japan, South Korea and Sydney, with futures pointing to a soft open in Hong Kong. US contracts edged higher in Asia after the S&P 500 rose 0.6% Monday. The Nasdaq 100 added 1.1%. Nvidia Corp. hit a record high ahead of a speech by chief executive Jensen Huang.

Pete Buttigieg, the outgoing U.S. transportation secretary, stated that Boeing's efforts to improve its culture are incomplete following a safety incident involving a 737 MAX 9. The FAA has imposed stricter oversight and production caps. Boeing has initiated safety audits and defect reduction measures, but cultural changes may take years.

​​The regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in April 2023. Life insurers reported a 22% increase in commission payouts, while general insurers saw their expenses double in FY24, according to the Irdai annual report.

The suit, filed Monday in the US Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies' due process.

The Supreme Court agreed to examine Adani Power's appeal challenging the Punjab State Electricity Regulatory Commission’s refusal to grant approval to a 2006 power purchase agreement (PPA) signed between erstwhile Udupi Power Corp and a Punjab state discom.

The short-term trend of Nifty is weak and one may expect some more weakness in the coming sessions. The next lower supports are seen in the vicinity of 23,460 and 23,260 levels. Any upside bounce could find a hurdle around 23,800.

Scores of Indian startups are building AI-driven tools and solutions to solve real-life problems. ET delves deep into these ventures figuring out the excitement as well as the challenges.

Kailash Nadh, CTO at Zerodha, tells ET why Indian startups are yet to deliver any big breakthroughs in the global GenAI technology race. hile many Indian startups have launched AI-enabled offerings, “if they’ll have moats or USPs (unique selling propositions) to offer, it remains to be seen,” he said.

New and existing investors Microtek Group, SRK Family Office, and Transition VC also participated. It last raised $1.2 million in May 2024 in a funding round led by Transition VC and Gruhas. The funds will be used to scale its two- and three-wheeler energy solution to over one lakh vehicles over the next two years, invest in R&D capabilities for its proprietary battery health extension software and expand the team.

New data rules will require organisations using AI to perform due diligence on their algorithmic software. This change is expected to affect companies involved in AI products or services. The rules focus on data protection and compliance, creating challenges for companies to balance between innovation and regulation, unlike the stricter EU AI Act.

The government's move to tighten data regulations is creating opportunities for startups focusing on compliance and privacy. Regulatory-tech firms and AI-driven ventures aim to help companies manage customer data and comply with guidelines. Small enterprises and startups may face challenges, but the market for privacy-tech solutions in India is expected to be significant.

According to the report by Cred Money, around 42% of individuals receive dividend payments an average of 10 times a year, indicating a shift in how Indians are approaching passive income generation, and 71% are actively investing a median of 28 times annually.

Sachin Bansal is negotiating with investors to sell his $100 million stake in Ola, valuing the company at around $4 billion. Bansal aims to liquidate his holdings in Ola to focus on his fintech venture, Navi. Navi has faced some regulatory hurdles while seeking external capital.

India's business messaging market will exceed $1 billion by 2025. Growth will be driven by WhatsApp Business and RCS. Innovations like Apple RCS, GenAI-driven customer communications, and WhatsApp voice communications will push further growth. The market is expected to grow significantly in the coming years with new channels and technologies capturing larger shares.

​​​Since the sell-off began in the last week of September, key indices have fallen 10-11% led by one of the highest-ever selling sprees by foreigners in this period. The study showed that outflows are about 0.2% of the average market capitalisation in this period.

​The rate on the long bond climbed as much as 5 basis points on Monday to about 4.86%, the highest since November 2023, before a $58 billion sale of three-year notes. The market is bracing for a combined $119 billion of US government-debt issuance this week. The Treasury will also auction 10-year notes Tuesday and 30-year bonds Wednesday, each a day earlier than normal due to Thursday's state funeral of former President Jimmy Carter.

Bhamre said that oil marketing companies such as HPCL and BPCL are witnessing profit booking after gains, and stocks such as Indraprastha Gas and Mahanagar Gas are under pressure as they are not expected to get subsidised gas anymore.

Shares of Union Bank of India dropped 7.8% while Bank of Baroda and Punjab & Sind Bank slid 5.9% and 5.2%, respectively.

The Indian arms of Deloitte, PwC, EY, and KPMG showed strong revenue growth in FY24, driven by consulting and tech services, with combined revenue reaching nearly Rs 38,800 crore, and are expected to surpass Rs 45,000 crore by FY25. This growth has been fueled by high demand from mid-market clients and government services, despite slower growth due to economic uncertainties.

In 2023, when risk assets could seemingly do little wrong, several actively managed funds often trailed their respective benchmarks, in part explaining the flow of funds to passively managed corpuses through 2024. But as volatility rose and directional choppiness buffeted equity gauges through a tumultuous 2024, actively managed funds are very much back in the reckoning to justify the category tag - and the applicable management fees.

Bank of Japan Governor Kazuo Ueda's comment on Monday that the central bank will raise interest rates further if the economy continues to improve also hit sentiment as worries grew about unwinding of yen carry trades-a strategy used by investors to borrow from a low-interest country and invest in a high-interest-yielding country.

Kotak Mahindra Bank Ltd has broken out from a Flag pattern on weekly charts. This suggests the stock could reach Rs 2,050-2,150 in the short to medium term. The stock is currently trading near Rs 1,700 levels and could potentially reach Rs 2,325 if the momentum continues.

There is narrative, and there is reality. What is the narrative about the IT sector at this point of time? It is that when Trump takes office, immigration and H1-B policies will see a change which will hurt Indian IT companies. The reality is that while H1-B is important for Indian IT companies, they have learnt to leave without it. The biggest test was taken – and passed – during the Covid phase. Another reality: Trump’s pro-corporate policies are likely to help US corporations with a tax cut, which is good news for Indian IT firms. Читать дальше...