Bank lending across most sectors in November showed a slowdown, except for credit to industries. Vehicle loans and credit card outstanding exhibited a significant decrease in growth. However, loans against gold increased substantially. Overall non-food credit growth slowed to 11.8 percent, highlighting varying trends in different sectors.
The bankruptcy of banking-as-a-service startup Synapse Financial Technologies left thousands of fintech customers without access to funds held in accounts that were, in some cases, advertised as protected by the Federal Deposit Insurance Corp. The debacle has put partnerships between banks and fintech startups in the regulatory hot seat and accelerated a wave of enforcement actions against so-called sponsor banks which partner with fintechs to enable them to offer financial products.
India aims to surpass $1 billion in organic product exports by next year, with significant growth in the last decade. The country is working on MRAs for delicate exports like fisheries. Tobacco exports are projected to grow 8% to over Rs 13,000 crore this year, maintaining controlled production.
Agriculture Minister Shivraj Singh Chouhan stated that the government will follow the Supreme Court's decision on the farmers protest at the Punjab-Haryana border. The minister mentioned that the Supreme Court is handling the matter and will take subsequent action based on the court's direction. The court is set to hear a plea concerning farmer leader Jagjit Singh Dallewal's medical aid.
The Indian market began 2025 positively, with Sensex gaining 368 points and Nifty up 0.4%, led by financial services. Broad-based recovery hinges on Q3 earnings growth and government capex. Core sector data boosted auto, power, and industrial stocks.
Indian indices opened 2025 positively, led by auto and bank sectors. Sensex gained 368 points; Nifty rose 98 points. Analysts foresee short-term strength but highlight resistance near 24,000 and support at 23,550 amid ongoing rally momentum below the 200-DMA.
The Finance Ministry has asked PSBs and insurance companies to speed up the resolution of public grievances. Financial Services Secretary M Nagaraju led a meeting to review resolved complaints. He emphasized technical solutions, customer satisfaction, and the need for senior officers to monitor resolution quality, following the Prime Minister's directions given on December 26.
Tata Steel CEO TV Narendran highlights the global steel sector's struggle with profits due to China's pricing and urges the Indian government to protect domestic industries. Narendran emphasizes growing steel demand in India, the importance of value addition, leveraging mineral-rich states, and attracting investment to support industry growth and job creation.
The Rajasthan Board of Secondary Education will close the REET 2024 registration process on January 15. Admit cards will be available from February 19. The exam will be on February 27 in two shifts. Candidates should arrive two hours before the exam. Registration and fee details are available on the official website.
Car sales in India rose for the third consecutive month in December, closing the year at a record 4.3 million vehicles. Maruti Suzuki and Tata Motors saw significant growth. Festive season demand and new launches helped boost sales. Despite challenges in the commercial vehicle segment, companies remain optimistic about the future.
A spate of senior-level exits have struck Bhavish Aggarwal’s companies including Ola, Ola Electric and Krutrim in 2024, with the latest resignations announced on Friday.
98.12% of Rs 2000 banknotes have been returned to the banking system, with only Rs 6,691 crore worth of such notes still with the public. The deposit and exchange facilities for these notes remain available at RBI offices, and they continue to be legal tender.
Indian indices began 2025 positively, with Sensex rising 368 points and Nifty gaining 98 points, driven by auto and banking stocks. Analysts foresee resistance near 24,000; Q3 earnings growth will determine trend sustainability.
The Civil Aviation Ministry has advised airlines to ensure seamless coordination during adverse weather conditions, especially fog, to minimize passenger inconvenience. Airlines are instructed to cancel flights if delays exceed three hours, deploy adequately trained crew and ensure transparent communication with passengers about potential delays or cancellations due to visibility issues.
A 52-week high reflects a stock's peak value over the past year, helping traders assess its market position and potential for future growth.
A-One Steels India, an integrated steel manufacturer, has filed preliminary papers with capital markets regulator Sebi to raise Rs 650 crore through an initial public offering.
Foreign flows into Indian government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.
The Congress will initiate its 'Jai Bapu, Jai Bhim, Jai Samvidhan Abhiyan' campaign on January 3, 2025, culminating in a public rally at Mhow on January 26, 2025. This campaign aims to protect the Constitution and Indian Independence ideals, extending beyond January with nationwide public outreach and a massive padayatra.
India's power consumption increased by nearly 6% to 130.40 billion units in December 2024 compared to the previous year. The highest supply in a day also rose from 213.62 GW in December 2023 to 224.16 GW in December 2024. Peak power demand is expected to touch 270 GW in summer 2025.
The Indian government has extended crop insurance schemes PMFBY and RWBCIS till 2025-26. They also allocated Rs 824.77 crore for technology infusion. This will enhance crop damage assessment and claim settlement. The extension aligns with the 15th Finance Commission period. This move aims to improve insurance coverage and benefits for farmers.
A rising EV/EBITDA ratio indicates increasing valuations outpacing earnings growth, reflecting investor confidence but also potential overvaluation risks. StockEdge.com highlights five Nifty200 companies with consistently increasing EV/EBITDA ratios.
At this point, the consensus on the street is that returns would be modest in 2025. Sure, given that valuations are expensive, and also considering the gains of the last four years that most are sitting on, returns on an overall basis could be modest. But if you bring stock selection into the picture, the outcome could be different. If you are able to pick the right stock and if you are not leveraged, then the odds of getting better returns is higher. While this is applicable to all the segments of the market... Читать дальше...
India's petrol and diesel consumption increased in December 2024 due to holiday travel. Petrol sales rose 9.8 per cent and diesel demand was up 4.9 per cent from the previous year. Fuel demand also increased due to agriculture activities. This rise continues the trend of growth seen in November 2024 despite the tepid monsoon months.
