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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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Market Fall Presents Bottom-Up Opportunities For Stock Pickers, Says Madhusudan Kela
Veteran investor Madhusudan Kela has cautioned against extrapolating the strong returns in stock market seen over the last three to four years, emphasising that the current market environment will require bottom-up stock picking.
Chandrika Tandon Wins Grammy For Album 'Triveni' — All About This Indian-American Musician And Entrepreneur
Chandrika Tandon, an Indian-American vocalist and entrepreneur, won the Grammy award for the album 'Triveni' in the Best New Age, Ambient or Chant Album category. She won the award along with her collaborators South African flautist Wouter Kellerman and Japanese cellist Eru Matsumoto. Tandon, who grew up in Chennai, is the older sister of former PepsiCo Chief Executive Officer Indra Nooyi.
Budget 2025 Impact - Positive, Negative, Neutral On Which Sectors - Read Systematix' Analysis
The Union budget tries to address the intensifying concern of rising income distress of households, but the fiscal math is significantly optimistic on the revenue side and conservative on the spending. We foresee the fiscal knot sustaining even in FY26, leading to sustained cutback in capital outlay. With total expenditure much less than the projected nominal GDP growth in FY26, the fiscal glide path will imply a continued fiscal drag; the impact of income tax rebate
Budget 2025 & Share Market Impact - Motilal Oswal Bets On These Top Large, Mid And Smallcap Stocks
The Budget brings some positive measures for the auto sector, particularly with the extension of the nil tax slab for income of up to Rs 12.70 lakh. Needless to say, this will increase the disposable income in the hands of the consumer and help drive discretionary consumption. Given that this is a much-needed booster provided to the middle class, we expect this to help drive demand, especially for the entry segment in both two-wheelers and cars
iPhone 17 Launch Looming, But Is Foldable iPhone Coming In 2025?
iPhone 17 launch is looming, but stealing a lot of the thunder away are various rumors about a foldable iPhone. While camera, battery, chip, iOS and other aspects will be under focus, the most attention is being given to the critical foldable display. While Samsung has set the standard, fans are expecting Apple to do much better with the foldable iPhone. While iPhone 17 launch is expected during the Fall, the release timeline for the foldable iPhone has it breaking cover between 2025 to 2027.
HPCL, BPCL Hit Hard Amid Trump Tariff Scare, Jefferies Cuts Target Price For OMCs
Oil shares took a significant hit on Monday, following US President Donald Trump's announcement of new tariffs, triggering concerns of a global trade war. Tariffs included a 25% levy on Canada and Mexico, and a 10% tariff on China, sparking fears of economic slowdown and a decline in oil demand. As a result, major oil stocks suffered sharp declines, with Hindustan Petroleum Corp. falling the most at 7.13%.
Stock Market Live: Nifty Trades Near 23,300, Sensex Plunges Over 450 Points Amid Trump Tariff Scare
The Indian stock market and the rupee tumbled on Monday alongside their Asian peers as US President Donald Trump unleashed the global trade war with levies of 25% on Canada and Mexico and 10% on China. Indian benchmark indices — NSE Nifty 50 and 30-stock Sensex — fell as much as 1.03% and 0.94%, respectively, in Monday's early trade. The broader market fell in line with the benchmark indices. Metal, energy and oil and gas sectors led the declines.
RVNL, Titagarh Rail, Jupiter Wagons, Rites — Railway Stocks Derail As Capex Growth Eases
Railway stocks, led by public-sector players like Rites Ltd., Rail Vikas Nigam Ltd. and RailTel Corp., declined for the second day in a row on Monday as the Union Budget 2025 kept spending level unchanged, dampening growth prospects for the sectoral players.
JK Lakshmi Cement Q3 Results: Date, Time, Earnings Call Details And More
Cement-making major JK Lakshmi Cement is scheduled to announce its October-December quarter this week. A part of the JK Organisation, JK Lakshmi Cement is a leading company in India's cement-making industry. With six plants and 16.5 million metric tonnes of production capacity, the company boasts an annual turnover exceeding Rs 6,000 crore. It has a market cap of over Rs 96,000 crore. Here is everything you need to know about JK Lakshmi Cement Q3 results.
Budget Spurs Spending But Indian Stocks Await RBI Rate Cut For Revival
Investors eyeing the battered Indian stocks received a green light from the government's consumption boost, however, the market has another key test from the central bank to confirm that the stocks have hit a bottom. Analysts expect a growth-focused policy outcome from the Reserve Bank of India as the stocks saw four consecutive months of selling, the longest monthly selloff in over 23 years.
Madhusudhan Kela Is Bullish On Liquor Stocks In Medium To Long Term — Here's Why
Market Veteran Madhusudhan Kela is bullish on liquor stocks, even as he perceives Budget 2025 has given a boost to various sector. The Managing Director of MK Ventures expects more co-operation from the state governments.
Manufacturing PMI Expands To A Six-Month High Of 57.7 In January
Rising from December's one-year low of 56.4 to 57.7 in January, the HSBC India Manufacturing Purchasing Managers’ Index signaled a robust improvement in the health of the sector. The rate of expansion was the quickest since last July and outpaced its long-run average, stated the press release, published on Monday.
UPL Shares Extend Rally After Budget 2025 Gives Agriculture Sector A Boost
UPL Ltd.'s shares continued to rise after the Budget as the agriculture sector got a push from the government. The momentum is also supported by the third-quarter earnings of the company that beat estimates. The PM Dhan Dhanya Krishi Yojana scheme is set to augment post-harvest storage at Panchayat, block level. It aims to improve the availability of short-, and long-term credit and benefit 1.5 crore farmers.
Have Samsung Galaxy S24, S24+, S24 Ultra, A16, A15 to Z Flip 6? Update Now; Check Full List
Samsung has commenced the phased rollout of its inaugural 2025 software update for a spectrum of Galaxy devices. This update incorporates the January 2025 security patch, primarily addressing security vulnerabilities while also implementing crucial bug fixes to enhance system stability and performance. The January 2025 security patch updates almost 30 vulnerabilities with five critical updates. From Samsung Galaxy S24, Galaxy S24+, S24 Ultra, Galaxy A16, A15 to Z Flip 6, check full list.
Trump's Trade War And Markets: Madhusudhan Kela Doesn't Expect An 'Adverse Impact' On India
Adverse impact on Indian markets due to the potential trade war after US imposed tariffs on Canada and Mexico is unlikely, said Madhusudan Kela, market veteran and founder of MK Ventures. However, maintaining a good relation with the US in this backdrop is the prime requirement, to prevent the adverse spillovers into Indian markets.
iPhone 17 Pro Vs iPhone 16 Pro: Camera, Battery, iOS, Chip, AI, And More
Apple typically releases new iPhones in September and is likely to stick to the timeframe. Apple's Fall event is likely to announce the launch of iPhone 17 Pro alongside the iPhone 17, and iPhone 17 Pro Max. The launch date could well be between September 11-13.iPhone 17 Pro price is likely to start under Rs 1,25,000. iPhone 17 Pro Vs iPhone 16 Pro - Camera, Battery, iOS, Chip, AI.
RVNL, Ircon To NHAI, NCC: Market Outlook Turns Sour For Railways, Road Companies Post Budget 2025
Overall market sentiment for railways, and major infrastructure companies in the road sector turned cautious, after the government kept its capex plans for fiscal 2026 flat, as compared to higher growth expectations pegged by investors and traders.
Q3 Results Live: Power Grid, Tata Chemicals, Premier Energies, Religare To Report Earnings Today
A total of 104 companies will declare their financial results for the October-December quarter on Monday, Feb. 3, as the earnings season enters its final leg. The lineup for the day includes some of the biggest names from India's key performing sectors. Tata Chemicals, Power Grid Corp., Divi's Laboratories, Aditya Birla Capital and General Insurance Corp. are the major companies announcing their Q3 results today.
Grammy Awards 2025 Full List Of Winners: Kendrick Lamar Sweeps, Chandrika Tandon Makes India Proud
Indian-American musician and business leader Chandrika Tandon made India proud globally, winning an award for her contributions. Her album Triveni won the Best New Age, Ambient, or Chant Album award. The Song of the Year and Record of the Year awards were taken by Kendrick Lamar for “Not Like Us”, while Sabrina Carpenter’s viral song “Espresso” won the Best Pop Solo Performance.
Budget 2025: Centre To Set Up Regulatory Reforms Committee, State-Wise Investment Friendliness Index
The centre will set up a high-level committee for regulatory reforms and and release investment friendliness index of states according to an announcment on Saturday.Finance Minister Nirmala Sitharaman stated that the centre will consider the second part of Jan Vishwas Bill in order to decriminalise more than 100 provisions across various laws.The first part which was, Jan Vishwas Act 2023 had decriminalised more than 180 legal provisions so as to cut the compliance burden for industries.
Mahakumbh Amrit Snan: 'Ensure Zero Errors On Basant Panchami' — Yogi Adityanath To Officials
Ahead of Monday's Amrit Snan at the Mahakumbh on Basant Panchami, Uttar Pradesh Chief Minister Yogi Adityanath has instructed officials to ensure 'zero errors' in arrangements. The UP CM has also directed the officials to increase parking space and ensure that devotees have to walk as little as possible.
Khelo India Programme Receives Major Boost With Rs 1,000 Crore Allocation In Union Budget 2025
The government's flagship Khelo India programme to scout and nurture athletes at the grassroots level was the biggest beneficiary as the allocation for sports and youth affairs was hiked substantially by Rs 351.98 crore in the Union Budget presented by Finance Minister Nirmala Sitharaman here on Saturday. The ambitious scheme has been allocated Rs 1,000 crore for the financial year 2025-26. This is Rs 200 crore more than the grant of Rs 800 crore in 2024-25.
Security Breach At Kotla: Fans Rush To Virat Kohli During Ranji Trophy
A major security lapse occurred at the Feroz Shah Kotla ground as three over-enthusiastic fans barged into the field of play in a mad rush to get near Virat Kohli on day three of the Ranji Trophy game between Delhi and Railways despite heavy security presence. It is normal for fans to breach security in a desperate attempt to be close to their cricketing heroes, but those scenes are usually reserved for international games.
Top Brokerages Highlight Budget 2025 Focus On Consumption Boost, Inclusive Growth, Fiscal Consolidation — A Roundup
The Union Budget for FY26 marks a shift from capex-heavy spending towards a more balanced approach, prioritizing inclusive development and demand-driven growth, according to brokerages.
Samhi Hotels Expects New Acquisitions, Product Mix Change To Drive 35% Revenue Growth
Samhi Hotels Ltd. anticipates a 35% increase in revenue over the next few years, driven by new acquisitions and a shift in its portfolio mix, the company’s Chairman and Managing Director Ashish Jakhanwala said. Samhi Hotels recently acquired two hotels in Bengaluru and Hyderabad. Talking to NDTV Profit, Jakhanwala said that the newly acquired hotels will start adding to the group’s revenue from fiscal 2026.
Jaiprakash Power Ventures Q3 Results: Net Profit Falls To Rs 126 Crore
Jaiprakash Power Ventures on Saturday reported a 26.7% decline in its consolidated net profit to Rs 126.68 crore in the December quarter compared to a year ago due to lower revenues. The company had a net profit of Rs 172.85 crore in the third quarter ended on Dec. 31, 2023, according to a regulatory filing.
Coal India Sees First Monthly Production Dip In Fiscal Year, Optimistic For Future Growth
Coal India Ltd. on Saturday reported its first monthly production de-growth in the current fiscal with the miner's output reducing by 0.8% year-on-year in January. The company produced 77.8 million tonnes of coal in January as compared to 78.4 MT in the year-ago month. Despite the January production decline, CIL's management remains optimistic about achieving strong growth in the February-March period of the current fiscal, an official said.
Amazon Sells Rs 46 Crore Worth Of Quess Corp Shares, Fairfax Capital Increases Stake
Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE.
Air India Fined Rs 30 Lakh For Regulatory Non-Compliance And Rostering
Aviation safety regulator DGCA has imposed a penalty of Rs 30 lakh on Tata Group-owned Air India for allegedly allowing one of its pilots to operate a flight without complying with certain regulatory requirements. The DGCA in order of Jan. 29 also said that it has found 'recurrent rostering issues...,' about the airline.
KPIT Technologies Plans New Product Launches, Attractive Deals To Expand Client Base
KPIT Technologies aims to double its share of wallet by delivering enhanced value to clients and unlocking growth opportunities, the company’s Chief Executive Officer Kishor Patil told NDTV Profit. Share of wallet is a measure of how much money a customer spends on a company's products or services compared to how much they spend on similar products from other companies.
Budget 2025: Government Extends GIFT City Tax Breaks In Bid To Lure New Investment
The Narendra Modi government announced a fresh set of measures to boost investments in the Gujarat International Finance Tec-City, or GIFT City, India’s experiment to liberalize its financial markets. On Saturday, Finance Minister Nirmala Sitharaman extended some of GIFT City’s tax benefits to March 2030 that had previously been slated to expire between 2024 and 2026.
Budget 2025: Ola Electric, Amara Raja Shares Gain On Announcement For EV Battery Boost
Shares of Ola Electric Mobility Ltd., Exide Industries Ltd. and Amara Raja Batteries Ltd. rose on Saturday after the government announced a National Manufacturing Mission to support domestic manufacturing, including electric vehicle batteries, during the Union Budget 2025–26, presented by Finance Minister Nirmala Sitharaman.