India's defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a 'buy' rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
'...you evaluate three key factors before committing your money.'
OSAT majors have concerns about India's ability to provide a stable, predictable, and lasting policy environment for years to come, which is key for making a decision in a capital-intensive business.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
India is the fastest growing economy after China, and is the fourth largest economy in purchasing power parity terms in the world, but lags neighbouring least developed countries like Bangladesh, Bhutan and Nepal in terms of various social indicators.
'If Gukesh wins, he has to survive in Game 14.' 'But if Liren wins, then it will be game over for Gukesh.'
The news of Dixon Technologies (India)'s tie-up with HP in addition to its existing Lenovo and Acer partnerships has led to a 5 per cent stock uptick since the start of the week. Dixon can target roughly 60 per cent of India's addressable IT hardware market with these contracts. Dixon targets Rs 48,000 crore in revenue from IT hardware under the PLI scheme over the next six years.
Here are some of the controversies, which cast a shadow on Indian sport as the athletes prepared for the Asian Games.
Russia on Monday accused the US of "actively" exploiting the "contradictions" between India and China to its advantage and asserted Moscow and New Delhi accumulated mutual trust and confidence based on decades-old ties that would help the two sides to deal with the current geopolitical turbulence.
Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 per cent from 6.8 per cent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, then rise to 3.1 per cent in 2024. "Our growth projections actually for India are unchanged from our October Outlook.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
Domestic rating agency Icra on Monday revised its FY24 GDP growth forecast to 6.5 per cent from 6.2 per cent earlier. However, the revised forecast is still much lower than the Reserve Bank of India's (RBI's) 7 per cent real Gross Domestic Product (GDP) growth estimate for the ongoing fiscal. Earlier this month, the RBI had revised upwards its GDP estimate to 7 per cent from 6.5 per cent, calling the revised number a "conservative" one.
'The reason why we don't have an escalation of war like in 1962 is because in 1962, we didn't have this connectivity.' 'Whereas today, we have lots of incentives to stay stable and connected to China even though we still have that political rivalry.'
The 'China model' will command less respect in India, which could help improve policy formulation.
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
'The Chinese fault lines are tremendous and we need to exploit them.'
FSN E-Commerce Ventures (Nykaa) hosted its annual investor day recently. The responses were positive from analysts. Although some analysts pared FY25 and FY26 estimates, the bulk continued to issue 'buy' calls after the stock rose 2.5 per cent. The management expects the Beauty & Personal Care (BPC) business to grow at a 25 per cent compound annual growth rate (CAGR) during FY24-28.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
'As we gird ourselves for rising infections, India's harsh lockdown remains an epic tragedy,' observes Rahul Jacob.
The airline industry is projected to register a net profit of $25.7 billion in 2024 as more normal growth is expected in both passenger and cargo segments, global grouping IATA said on Wednesday. For 2023, the net profit is estimated at $23.3 billion, significantly higher than the $9.8 billion projected by the International Air Transport Association (IATA) in June this year. IATA has more than 300 airlines as members.
Assistant Secretary for East Asian and Pacific Affairs David Stilwell made the remark on Thursday, adding that the Trump administration is closely watching the Indo-China situation.
The post mandate comments that 'darkness has descended on India' shows the kind of opposition Modi has to overcome. It is this aspirational India that is attempting to throw away shackles of Macualayism. Make no mistake it is a tectonic shift and a beginning of the end of Maculayan mindset that has 'ruled' India for close to 60 years, says Colonel (retd) Anil Athale.
Is self-reliance the right approach in a mega-buck game, or better to be part of a network? asks T N Ninan.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
'Prime Minister Modi has initiated a host of reforms in the right direction, and I would like to see that continuing.'
Chhetri has played for India 142 times and has scored 92 goals, the most by an Indian. He is also currently the third most prolific scorer in international football among active players, behind Cristiano Ronaldo and Lionel Messi.
Pakistan's National Security Adviser Nasser Janjua has alleged that America's efforts to include India in the Nuclear Suppliers Group was part of a "greater design" to contain China and prevent the resurgence of Russia.
While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.
According to Jaishankar, much has changed, mostly to India's disadvantage, since November 1950, when Sardar Patel and Jawaharlal Nehru had a famous exchange of views on how to approach China.
Veteran striker Sunil Chhetri will be spearheading the Indian challenge and besides his longtime teammate Sandeep Jhingan, he will also be able to avail the services of Chinglensana Singh and Lalchungnunga.
High growth is also much easier to log in a small business than in a Reliance.
'Both have a very nationalistic view of foreign policy.' 'They think they are shrewd and clever diplomats.'
'The assumption is that the lines have been drawn and the two sides (India and Pakistan) have gone to battle. All of us, whether analysts or politicians or citizens or cricketers or housewives, must see the other side as an enemy and must reject everything it says or does even if we gain nothing from it. I am no longer able to subscribe to this stupidity,' says Aakar Patel.
Indian IT giants are outstanding companies with great management teams, but they have been held hostage by their past success.
'We may think that in our border quarrel, the Chinese can give up a bit of territory here or there to satisfy us, but that's not how they see it.' 'Arunachal Pradesh is 90,000 square kilometres and twice the size of Taiwan.' 'The Chinese can't be seen to be asserting their rights to Taiwan and on the other hand, cheaply giving up Arunachal Pradesh.'
