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India’s Top 18 States to Increase Capital Spending by 7-9% in 2024-25 In the financial year 2024-25, the capital spending of India’s top 18 states is expected to grow by 7-9% to Rs 7.2 lakh crore, according to Crisil Ratings. This follows a 27% increase in 2023-24, reaching Rs 6.7 lakh crore. Key growth areas…
Global M&A Deals Rise While IPOs Slow Down in Q3 2024 According to the Q3 2024 Global M&A and Equity Offerings Report by S&P Global Market Intelligence, global merger and acquisition (M&A) deals and Initial Public Offering (IPO) activities are showing different trends. M&A deal announcements have increased for the second quarter in a row,…
Stock Market Update: October 31 On Thursday, stock indices in India closed significantly lower. The Sensex ended at 79,389.06 points, dropping by 553.12 points or 0.69%, while the Nifty closed at 24,205.35 points, down 135.50 points or 0.56%. This decline was largely due to foreign portfolio investors (FPIs) selling off assets and lower-than-expected earnings from…
Diwali Muhurat Trading: Special One-Hour Session at BSE and NSE On Friday evening, during the Diwali Laxmi Puja, stock exchanges in India will open for a special one-hour trading session known as Muhurat trading. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will operate from 6:00 pm to 7:00 pm, with the pre-market…
Young Investors Take Over Indian Stock Market A Surge in Under-30 Participation The Indian stock market is seeing a significant shift as young investors, particularly those under 30, are becoming more prominent. According to a recent report by the National Stock Exchange, the percentage of investors under 30 has increased from 22.9% in March 2018…
Mixed Vehicle Demand in India: Two-Wheelers and Tractors Shine, Passenger and Commercial Vehicles Struggle In October, the demand for passenger and commercial vehicles in India showed signs of moderation, while two-wheelers and tractors experienced positive momentum, according to a report by Motilal Oswal. Two-wheeler sales grew by 4-5% year-on-year during the festive season, although this…
India and China’s Growing Influence in the BRICS+ Alliance The global economic landscape is undergoing a transformation as countries like India and China gain influence, shifting focus from the G7 nations to the BRICS alliance. A recent report by EY India highlights this shift in global trade dynamics, with the BRICS+ group rapidly increasing its…
Diwali Market Update: Nifty and Sensex Open Flat Amidst Economic Challenges On Diwali, the Indian stock markets opened with little change, as both the Nifty and BSE Sensex indices showed minor declines. The Nifty index slightly dipped to 24,326.75, down by 0.06%, while the BSE Sensex traded almost flat at 79,859.62 points, down 0.10%. Expert…
Union Minister Piyush Goyal Promotes ‘Made in India’ in Saudi Arabia Union Minister Piyush Goyal visited Saudi Arabia for two days, where he inaugurated the ‘One District One Product’ (ODOP) Wall at the Indian Embassy. This initiative aims to highlight local Indian products on international platforms, turning districts into ‘Made in India’ hubs and creating…
India and Saudi Arabia Strengthen Economic Partnership Key Meeting in Riyadh Union Minister Piyush Goyal and Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman Al Saud, co-chaired the second Ministerial Meeting of the Economy and Investment Committee under the Saudi-India Strategic Partnership Council (SPC) in Riyadh. The meeting aimed to enhance economic collaboration between…