NDTV Profit's All You Need To Know, India's first daily podcast of its kind, gets you up to speed in the frenetic, information-overloaded world of business.
Get the top stories and an overview of Dalal Street from your hosts Alex Mathew and Niraj Shah.
PM Modi meets Donald Trump at the White House, addresses several key topics, including tariffs; Modi also met SpaceX CEO Elon Musk at Washington DC; President's rule imposed in Manipur...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. consumer inflation came in much hotter than expected; India's retail inflation moderated to a five-month low in January; The new Income Tax Bill is expected to be tabled in the Parliament today; RBI lifts ban on Kotak Mahindra Bank from issuing new credit cards…All this and much more on your daily podcast by Alex Mathew and Niraj Shah
Fed Chair Powell says the central bank doesn’t need to rush to adjust interest rates; Rupee strengthens against US dollar amid heavy RBI intervention; Vodafone Idea is set to roll out 5G services in major cities…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Trump raised tariffs on steel and aluminium imports to a flat 25%; Hamas has announced it would stop releasing Israeli hostages until further notice; Elon Musk makes bid for OpenAI but Altman says no...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
US President Donald Trump said yesterday that he would announce today new 25% tariffs on all steel and aluminium imports into the US; US job growth slowed more than expected in January; Delhi Chief Minister Atishi hands over her resignation; Income Tax Bill to be introduced in Parliament this week...All this and much more on your daily podcast by Alex Mathew
Will RBI MPC cut rates? What to expect; BoE cuts interest rates; Samsung workers continue protest in Tamil Nadu; Zomato has approved a name change...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Investors are waiting to understand the implications of Trump’s actions on tariffs; today could be the day you see the first glimpse of a new Income Tax Bill; Delhi exit polls show BJP's return to capital…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Trump proposes the US taking over the Gaza Strip; New 10% U.S. tariffs on Chinese imports took effect on Tuesday; SEBI introduces guardrails around how retail investors can access algo trading...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Donald Trump pauses Mexico, Canada tariffs; GST rate rationalisation needs to be carried out, says Finance Secretary; Religare control tussle: Minority shareholder mentions appeal in Delhi High Court…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Donald Trump unleashed the first salvo of his tariff war; RBI Monetary Policy Committee will meet to decide the interest rate this week; Finance Minister Nirmala Sitharaman spoke exclusively to NDTV Profit after Budget speech...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
European Central Bank cuts interest rates again; Nirmala Sitharaman all set to present the Union Budget tomorrow; IRDAI caps annual health premium hikes for senior citizens at 10%…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
US Federal Reserve keeps interest rate steady; Tata Motors reported a 22% decline in net profit; Indian government not concerned over Trump's tariff threats; SEBI further tightens grip on 'finfluencers'…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. stocks gained back some lost ground overnight as tech stocks rebounded; Federal Reserve to announce first interest rate decision for 2025 tonight; Honda Motor plans to set up a dedicated electric two-wheeler plant in India by 2028…All this and much more on your daily podcast by Alex Mathew.
DeepSeek shakes up AI universe; From New York to London and Tokyo, equities sank; RBI announces special measures to improve liquidity conditions…All this and much more on your daily podcast by Alex Mathew.
Trump says he would impose sweeping retaliatory measures on Colombia; FOMC decision this week; IDFC First Bank reports a 53% fall in profit; Watch out for Coal India and Tata Steel results today…All this and much more on your daily podcast by Alex Mathew.
Trump urges lower oil prices, interest rate cuts at Davos 2025; Kotak Mahindra Bank completes acquisition of Standard Chartered's personal loan book; Domestic air traffic rises 4.2%, IndiGo leads the pack…All this and much more on your daily podcast by Alex Mathew.
Trump tells Putin to end war with Ukraine or face new sanctions; Outstanding credit card growth slows as banks recalibrate strategy; SEBI releases proposal for Rs. 250 SIP…All this and much more on your daily podcast by Alex Mathew.
Comments by Trump on tariffs have riled global currency markets; India set to take back 18,000 citizens from US to placate Trump; Maharashtra signs MoUs worth Rs 4.99 lakh crore at Davos 2025; HUL, HDFC Bank and Bharat Petroleum will report Q3 numbers…All this and much more on your daily podcast by Alex Mathew.
No news on tariffs from Donald Trump after inauguration; Putin says Russia is open to dialogue on Ukraine with Trump; Supreme Court upholds Rs 1,600 crore tax refund for Vodafone Idea…All this and much more on your daily podcast by Alex Mathew.
Donald Trump set to take charge as President of the United States today; Hamas released three Israeli hostages and Israel released 90 Palestinian prisoners on Sunday; India's forex reserves fell for the sixth straight week; IMF retains India's GDP growth forecast for FY26, FY27…All this and much more on your daily podcast by Alex Mathew.
Government has approved the formation of the 8th Pay Commission; Tata Sons will continue to remain an upper non-banking financial company; banned Pacheli Industrial Finance and six other entities from the capital market…All this and much more on your daily podcast by Alex Mathew.
U.S. retail inflation rises 2.9% year on year in December; Reliance Industries, Infosys and Axis Bank to announce Q3 earnings today; Supreme Court warns states of contempt action for inaction on misleading ads…All this and much more on your daily podcast by Alex Mathew.
Deputy Governor Michael Patra is set to retire; IT Department has conducted a survey action against an educational trust run by the KR Mangalam Group; Premier Energies subsidiaries get orders totaling Rs 1,460 crore...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's retail inflation modestly eases to four-month low ; HCLTech Q3 meets estimates; Negotiators will meet in Doha today seeking to finalise details of a plan to end the war in Gaza...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IT earnings kick-off with TCS; U.S. bond yields have cooled just a little from an eight-month high; Tata Elxsi reported a 13% increase in net profit; Gas stocks to be in focus following a change in the domestic gas allocation...All this and much more on your daily podcast by Alex Mathew and Niraj Shah
FOMC minutes say officials took note of the recent higher-than-expected readings on inflation; India's merchandise trade deficit remains at a record high; Crisil says steel prices could rise in 2025 if safeguard duty on imports is imposed; TCS commentary today is a key for the IT sector ...All this and much more on your daily podcast by Alex Mathew and Niraj Shah
U.S. job openings unexpectedly increased in November; India's GDP data says economy is estimated to grow at the slowest pace in four years; SEBI pulls up Ola Electric for announcing expansion plan on social media instead of exchanges; A number of factors may hit the stock market today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah
Canadian Prime Minister Justin Trudeau has resigned; Indian equity markets had a rough start to the trading week; GDP numbers for the Indian economy expected today; Multiple challenges for Nifty including HMPV virus scare...All this and much more on your daily podcast by Alex Mathew and Niraj Shah
This promises to be an interesting week on the global stage on the data front; China’s consumer prices are expected to support the case for further stimulus; Indian equity markets ended last week higher; ITC is the stock to watch in trade today...All this and much more on your daily podcast by Alex Mathew.
Equities fell globally, with U.S. stocks erasing early gains; auto sales down in December; US army veteran was behind the wheels in Tesla truck explosion, Avenue Supermarts among the stocks to watch today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's GST collections grew by 7.3% year-on-year to Rs 1.72 lakh crore in December; Government approves Rs 3,850 crore special package for diammonium phosphate fertilizers.; xtension of DAP package aims to help farmers amid volatile global market prices; Russia halts gas supplies to Europe through Ukraine after transit deal expires; Tesla Cybertruck explosion outside Trump Hotel in Las Vegas kills driver, injures seven....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global Stocks decline amidst the lower volumes of the last trading day of the year; Union Government's Fiscal deficit at 52.5% of the budgetary target at the end of the first 8th month; A high frequency indicator in the form of the output of 8 core industries which saw growth of 4.3% in November led by cement and coal output; NPCI lifts UPI user onboarding limit for WhatsApp Payments...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wall Street decline for the third day; Asian Markets to open lower; RBI Governor signals medium-term woes; D-Street ends lower on Monday; Risky Metric for 3 key banks: RBI; Cyberattack on US Treasury; FPI remain seller for 14th session; Adani Enterprises to raise $2billion....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Indian equity markets face a cautious start, tracking losses from U.S. markets, with regional indices under pressure; Rising U.S. Treasury yields and a stronger dollar impact the Indian rupee, which closed lower last week at 85.54; IndiGo successfully operates the first commercial flight at Navi Mumbai International Airport; JSW Energy's Rs 12,468 crore acquisition boosts its clean energy portfolio, increasing its generation capacity by 23%; New listings to watch today include Senores Pharmaceuticals, Ventive Hospitality, and Carraro India ...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Former Prime Minister Manmohan Singh passes away; Rupee hits record low against US dollar; Bank frauds surge in first half of FY 2023-24; Stock market debuts: Five listings scheduled; Government programs to be cancelled due to national mourning.…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
US stocks rise as Santa Claus rally begins, boosted by big tech; Most Asian stocks rise amid thin holiday trading; Multiple U.S.states considering strategic bitcoins reserve following Trump's election victory; Unimech Aerospace IPO subscribed for 9 times on day 2...…All this and much more on your daily podcast by Niraj Shah.
US equity markets rise for the third time in a row, with gains driven by magnificent tech stocks; Sales of single-family homes bounced back in November; Consumer confidence index lower than expected at 104.7, compared to the forecasted level of 112.9; Domestic air traffic grew 12% year-on-year in November, with IndiGo continuing to dominate the market; TRAI revises tariff rules and advises separate plans for voice calls and SMS for customers not using data....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global equity markets positive after U.S. economic data shows resilience; U.S. Congress passes legislation to avoid government shutdown ahead of holidays; Trump threatens U.S. control over Panama Canal, citing excessive usage fees; GST Council announces new tax rates for popcorn, caramel popcorn to face higher GST; SEBI uncovers front-running scheme by PNB MetLife dealer, illegal gains of Rs 21 crore...All this and much more on your daily podcast by Alex Mathew and Niraj Shah
U.S. economy grew faster than was previously thought; Bank of England signalled it will keep easing gradually in 2025; Accenture revised its outlook for the current financial year; Indian markets expected to function the same way as recent days...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Chaos in global markets as investors reset expectations for rate cuts by Fed next year; Wall Street experienced its worst selling in months; SEBI board meeting outcomes expected today; 13 people died in Mumbai after boat capsized; Brokerages react to a hawkish Fed...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global markets cautious ahead of Fed outcome; Japanese markets react to latest trade data; Finance Minister Nirmala Sitharaman says lower-than-expected GDP in Q2 was a 'temporarily blip'; three listings in the stock market today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's merchandise trade deficit widened to a record high in November; profits derived from the sale of cryptocurrency prior to April 1, 2022 will be taxable as capital gain; More headaches ahead for FMCG companies; Quiet day of trade for global markets...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
As many as 22 central banks will decide on monetary policy this week; U.S. stocks ended mixed on Friday; Brent crude was trading at a three-week high; Bitcoin has continued its dazzling run; Dixon to be the stock in focus today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Retail inflation eased to 5.48% in November, driven by lower vegetable prices; India’s industrial output grew by 3.5% in October, marking a second consecutive month of growth; The government seeks approval for Rs 44,143 crore in fresh cash spending, with a focus on agriculture; HAL to supply 12 Sukhoi aircraft to the Indian Air Force for Rs 13,500 crore, with 62.6% indigenization; Zomato ordered to pay Rs 802 crore in GST dues and penalties by Maharashtra tax authorities.....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
US inflation rises 2.7% annually, paving way for expected Fed rate cu; Britannia Industries hikes product prices by 3-5% amid rising commodity costs; One MobiKwik Solutions IPO sees strong demand, subscribed 7.32 times on day 1; Shriram Finance sells housing finance arm to Warburg Pincus for Rs 3,929 crore; Asian Markets rebound, led by 1.5% gain in Nikkei 225; Oil prices surge past $73 as U.S. aims to cut Russia's Oil revenue........All this and much more on your daily podcast by Alex Mathew
Amazon launches 'Tez' to compete in India's quick commerce market; Paytm focuses on core payments business, Divests non-core units; Adani Ports to fund Colombo West Terminal Project with internal resources; Indian General Insurance Premiums grow 4.41% year-on-year in November; Ajay Seth takes additional charge as India's Revenue Secretary.....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Sanjay Malhotra appointed as the new RBI Governor, succeeding Shaktikanta Das; GST officers uncovered Rs 35,132 crore in ITC evasion by 17,818 fake firms,69 people arrested; ICICI Prudential Life Insurance reported a twofold increase in new business premiums in November; Vodafone Idea to raise up to Rs 1,980 crore through a preferential share sale to entities within its UK parent, Vodafone Group; Bharat Forge raised Rs 1,650 crore via a qualified institutional placement (QIP) of shares....…All this and much more on your daily podcast by Sandhya Ravishankar and Niraj Shah.
Retail inflation data in India to watch as markets await new print; Paytm to sell 5.4% stake in PayPay to SoftBank for Rs 2,364 crore; Godrej Consumer products expects flattish volume growth, mid-single-digit sales growth in Q3; RBI's recent liquidity measures to impact banking system ahead of retail inflation data; Mixed start for asian markets: Japan's Nikkei gains, South Korea's Kospi declines amid political tensions....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
OPEC+ delays revival of oil production by three months; jobless claims in US rose marginally last week; Devendra Fadnavis sworn in as Maharashtra CM yesterday; all eyes on RBI Policy today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equity markets hit record highs after Powell’s optimism on Economy; French government faces no-confidence vote amid economic struggles; Eurozone business activity falls sharply as services sector contracts; OPEC+ to decide on supply increase amid weak demand; Brent crude below $73; Vodafone to divest 3% stake in Indus Towers for Rs 2,841 crore....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
South Korea plunges into political turmoil as President declares and lifts martial law; South Korean won hits 2-year low, Kospi falls 1.6% amid political chaos; US job openings rise in October, layoffs fall, indicating cooling labor market; Godrej Properties raises Rs 6,000 crore in largest QIP by Indian real estate developer; India becomes most targeted nation for mobile malware, surpassing the US and Canada................All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IMD issues warning for heavy rainfall in Kerala and Karnataka due to cyclone Fengal; Steel ministry proposes 25% safeguard duty on certain steel imports; Government to update GDP base year to 2022-23, revised series expected by 2026; RBI urges banks to reduce frozen accounts and streamline activation process; GST authorities book Rs 722 crore tax evasion case against crypto exchange Nest Services....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India reports sluggish GDP numbers; GST collections number sees an increase in Novermber; Auto companies report their sales number; Info Edge files FIR against 4B Networks founder Rahul Yadav; US ends a shortened trading session higher...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Putin threatens to attack Kyiv with new ballistic missiles amid rising geopolitical tensions; Israeli airstrike targets Hezbollah facility as ceasefire with Lebanon falters; Gold prices hold steady despite geopolitical escalation and OPEC+ supply expectations; Foreign institutions offload Rs 11,756 crore in equities, marking third-largest single-day sale of the year; Cabinet secretary calls for leaner decision-making structure to speed up government reforms.....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. inflation remains stubborn, Fed likely to hold off on rate cuts; US GDP grows at 2.8% annualized rate in Q3, driven by strong consumer spending; U.S. jobless claims fall, but long-term unemployment still a concern; U.S. stocks end lower ahead of Thanksgiving holiday, Asia-Pacific markets mixed; Maharashtra politics: BJP to get CM post, Shiv Sena and NCP to hold deputy CM roles; Government reviews airfare trends amid rising domestic business class fares; Godrej Properties sets floor price for Rs 4,000 crore QIP...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel and Hezbollah announce ceasefire, Israel to withdraw forces over 60 days; U.S. stocks gain as consumer confidence improves and job prospects rise; Asia-Pacific markets fail to follow U.S. gains, two early risers start in the Red; Indian Markets end rangebound; Foreign investors net buyers for second consecutive day; Vedanta to invest $2 billion in copper-processing facilities in Saudi Arabia; Wipro secures $100 million deal with Marelli for cloud transformation; Infosys to pay 90% variable pay for Q2 after beating market expectations........…All this and much more on your daily podcast by Alex Mathew
Trump proposes tariffs on Chinese goods and North American trade; Dollar weakens after Scott Bessent nominated as U.S. Treasury Secretary; FII buying resumes, ending 38-day selling streak; GQG partners reaffirms support for Adani Group Investments; Zomato plans Rs 8,500 crore QIP with floor price set at Rs 265.91; GE Vernova T&D promoter to sell 8.38% stake at discounted price; India’s domestic air traffic grows 8.08% in October, IndiGo dominates....All this and much more on your daily podcast by Alex Mathew
BJP-led Mahayuti wins landslide victory in Maharashtra Assembly election with 235 out of 288 seats; Trump nominates Scott Bessent as Treasury Secretary, expected to focus on curbing government spending; Gold prices surge to nearly all-time highs amid ongoing Russia-Ukraine tensions; India’s forex reserves fall to below $660 billion, continuing a seven-week decline; NTPC Green Energy IPO to debut on stock exchanges with a Rs 10,000-crore issue.....All this and much more on your daily podcast by Alex Mathew.
Russia has used a long-range missile attack in what has been viewed as an escalation of the 33-month-old dispute with Ukraine; U.S. jobless claims came in lower than expected; NDTV Profit sources say HDFC Bank plans to issue car loans worth Rs 12,372 crore to mutual fund; Goldman Sachs forecast India's GDP growth to slow...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Indian benchmark indices pare gains in late afternoon trade amid geopolitical risks on Tuesday; Stocks to watch: UPL, PSP Projects, Aegis Logistics;Zinka Logistics IPO subscribed 1.86 times on day three as QIB bids pour in...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. stocks end mostly in the green amid elevated bond yields and dollar strength; NVIDIA earnings and Federal Reserve meeting in focus for U.S. investors this week; CLSA, Morgan Stanley, and Goldman Sachs turn cautious on Chinese stocks amid deflation and geopolitical tensions; Nifty 50 hits lowest level since June 5 amid ongoing foreign fund outflows; Meta hit with Rs 213.1 crore penalty by competition commission of India over privacy policy practices.....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. dollar strength and rising bond yields lead to emerging market outflows; CLSA shifts tactical allocation back to India, reduces exposure to China; CNG prices in Mumbai and Delhi set to rise by Rs 6-8 per kg; Vodafone Idea delays Rs 25,000-crore fundraising amid AGR dues uncertainty; India successfully tests long-range hypersonic missile with 1,500 km range; Delhi faces severe air pollution, Supreme Court to hear plea for action; GRAP-IV restrictions imposed in Delhi....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. retail inflation matches expectations; traders bet on Fed rate cut in December; U.S. bond yields show volatility as 10-year yield rises and dollar strengthens amid inflation concerns; Indian markets enter corrective zone as FII selling continues for 33rd consecutive session; SEBI proposes accountability for market institutions using AI in operations and client services; PepsiCo partner Varun Beverages sets floor price for Rs 7,500-crore QIP, to issue 13.27 crore shares....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wall Street rally loses steam as investors await key U.S. economic data; OPEC cuts oil demand growth forecasts amid China slowdown; India's retail inflation surges to 6.21% in October, above RBI's target; India’s industrial output rebounds in September with 3.1% growth; Swiggy's IPO subscribed 3.6x, retail portion sees scrutiny of applications....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel intensifies military action in Gaza as ceasefire prospects fade; North Korea ratifies mutual defence treaty with Russia amid growing military ties; India's Income Tax Department cracks down on suspicious refund claims; India's direct tax collections rise 15.4% year-on-year to Rs 12.1 lakh crore; Niva Bupa IPO subscribed 1.8 times, Sagility listing to watch today......All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Ukraine launches major drone strike on Moscow, flights diverted; Trump and Putin discuss Ukraine conflict amid ongoing geopolitical tensions; German chancellor Scholz faces pressure for early confidence vote; Power Finance Corp denies loan to Shapoorji Pallonji Group, plans to refinance debt in Doubt;Power Finance Corp. Denies Loan to Shapoorji Pallonji Group, Plans to refinance debt in doubt; Vistara to merge with Air India, Singapore Airlines invests Rs 3,194.5 crore......…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve cuts interest rates by 25 basis points, takes cautious stance on inflation; Swiggy IPO subscribed 35% on second day of bidding; Fed Chair Jerome Powell cautions against rapid rate cuts amid inflation concerns; Mahanagar Gas forms joint venture with US firm to manufacture lithium-ion batteries in India; Supreme Court orders liquidation of Jet Airways, criticizes insolvency tribunals' inefficiency...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. election dead heat: Trump vs. Harris as votes counted, swing states key; U.S. stocks rally, tech leads, bond yields rise amid rate cut speculation; FSSAI to meet quick commerce giants over expiry product sales; Swiggy IPO opens today, raises ₹5,085 crore from anchor investors; Titan & Dr. Reddy’s report earnings misses, face margin pressure....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Trump and Harris scramble for support in key swing states, with Pennsylvania in focus; Dow drops over 250 points, while S&P 500 and Nasdaq decline by 0.3%; Domestic institutional investors step in as net buyers; Suzuki Motors unveils first electric car, new eVitara electric SUV set to hit markets in 2025; New "Flying Flea" to kickstart EV brand within Royal Enfield; SEBI warns against unauthorised virtual trading platforms; Amazon and Flipkart surpass Rs 1 lakh crore in sales, led by premium smartphones... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. jobs data shows slowest hiring growth since 2020 ahead of Fed meeting; Oil markets on edge following Iran's threats and OPEC+ output delay; Nifty and Sensex rise during Muhurat Trading despite record FII selling; Cautious trading expected ahead of U.S. presidential election and Fed meeting; Swiggy's IPO to open this week as primary market buzzes with new offerings...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. economy grows 2.8% amid strong consumer demand; India's core sectors show modest 2% growth in September; Union Government's fiscal deficit hits 29.4% of target;
Telecom operators get one-month extension for traceability mandate; Mumbai real estate sales surge with 52% rise in property registrations;Larsen & Toubro's profit rises 7%, revenue up 21% despite margin contraction; Biocon reports 84.3% drop in net Profit, missing analyst expectations.........…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wall Street sees gains with Nasdaq at record highs; U.S. job openings decline sharply in September, marking the largest drop since 2021;Brent crude oil prices fall to just below $71 per barrel as OPEC+ plans output increase and geopolitical risks diminish; International gold prices hit all-time highs, approaching $2800 per troy ounce; Marico reports a 20% rise in Q2 consolidated net profit, aligning with analyst expectations; Trouble mounts for journalist Mahesh Langa as Ahmedabad Police files FIR alleging fraud....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Equity markets in the U.S. closed higher, even as traders position themselves for the biggest week in the current earnings season and also ahead of the November 5 presidential election.
As many as 169 companies that are part of the S&P 500 will report their earnings through the week. That includes Alphabet, Meta, and Apple.
All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fears of escalating tensions have receded; Brent crude prices fall below $73 per barrel;Swiggy plans to launch its IPO as early as November 6, with a fresh issue of ₹3,750 crore; ICICI Bank's net profit rises 14.5% year-on-year to ₹11,746 crore, exceeding estimates with improved asset quality;Coal India reports a 22% decline in consolidated profit, falling short of analyst estimates; The Ministry of Electronics and Information Technology urges better diligence from social media platforms due to hoax bomb threats disrupting airlines....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. stocks gained for the first time this week; oil and gas regulator proposes removal of exclusivity for all city gas distributors; ITC reports Q2 numbers, margin drops to lowest in nearly three years; Shapoorji Pallonji Group's Afcons raises Rs 1,621 crore from anchor investors ahead of IPO; Justice Sanjiv Khanna becomes the new CJI…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Prime Minister Modi and President Xi held their first structured bilateral talks in nearly five years, agreeing to foster a "peaceful and stable" relationship; Yield on the 10-year Treasury hit 4.25%, the highest since July; Minutes from RBI's last MPC meeting revealed a decision to hold rates steady, with a focus on a wait-and-watch approach; HUL and Tata Consumer announced tea price increases of 5-10% due to adverse weather affecting production; Swiggy also raised its platform fee.....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global markets steady ahead of the U.S. election; IMF updates U.S. growth forecast to 2.8%; China at 4.8%, India at 7%;Indian markets face selling pressure; Nifty 50 down 6.8%; Bajaj Finance raises credit cost guidance, reports 13% profit increase; PM Modi attends BRICS summit in Russia for bilateral meetings…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Indian equity markets face a tough day as global cues show U.S. stocks paused after a record weekly rally;RBI lowered its GDP forecast for Q2 FY2024-25 to 6.8% due to slackening economic momentum; India and China are normalizing border patrols, signaling potential diplomatic easing ahead of a summit between Modi and Xi; Waaree Energies’ IPO was oversubscribed 32 times on its first day; Ola Electric claims to have resolved 99.1% of consumer complaints, as it faces an investigation into its service issues....…All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Chinese central bank cuts prime lending rates to support economy, boosting market sentiment; NDTV World Summit kicks off today, inaugurated by Prime Minister Narendra Modi; HDFC Bank reports strong Q2 earnings, focuses on deposit growth post-merger; Kotak Mahindra Bank faces profit pressure amid rising bad loans and provisions; India's forex reserves decline by $10.75 billion, marking biggest weekly drop since April 2022....All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Hyundai Motor India IPO subscribed 2.37 times on final day; Infosys Q2 revenue up 4.3%; FY25 forecast increased; RBI bars 4 NBFCs from loan sanctioning, disbursal due to high lending rates...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equity markets continued to climb, led by a spurt in small-caps; In Asia Pacific region, most markets started positive; Government approved 6.5% increase in the minimum support price for wheat; India's trade deficit was reported at close to $21 billion in September;, RIL announced October 28 as the record date for the issue of bonus shares in the ratio of 1:1; Bajaj Auto clocked its highest ever quarterly revenue in July-September; Hyundai Motor India's IPO subscribed 0.42 times in day 2....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Samsung workers to call off strike after Tamil Nadu government brokers resolution; Hyundai Motor India IPO subscribed 18% on day one; Assembly Elections 2024: Maharashtra to vote on November 20, Jharkhand in two phases...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
HCLTech Q2 profit meets estimates, improves FY25 guidance; India's retail inflation rises to a nine-month high of 5.49%; Hyundai Motor India raises Rs 8,315 crore from anchor investors ahead of IPO...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wipro to consider bonus issue of shares on October 16; Hyundai Motor India to enter primary market; Stocks to watch...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Ratan Tata, Former Chairman of Tata Group, passes away at 86; TCS kicks off the earnings season for the rest of the IT pack; Heavy Industries Ministry starts probe into Ola Electric's service problem...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India will join FTSE Russell’s emerging market bond index; NCLT admits Syska LED Lights into insolvency; Hyundai India IPO price band set at Rs 1,865-1,960 per share...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Ola Electric gets show cause notice after thousands of customer complaints; Tata Motors' UK arm sees production, wholesale volume of JLR to pick up in H2; Nifty, Sensex, Nifty Bank extend losing streak to sixth day on October 7...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
ITC demerger of hotel business gets NCLT nod; Titan Q2 revenue rises 25%, adds 75 new stores; Godrej Properties reports a record collection of Rs 4,000 crore...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Swiggy shareholders approve increasing fresh issue size to Rs 5,000 crore; Modi government will spend over Rs 1 lakh crore to promote sustainable agriculture; BookMyShow files FIR over tickets for Coldplay's shows being black marketed...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Israel vows retaliation after Iran launches over 200 ballistic missiles against it; Government appoints three new members to the Monetary Policy Committee ahead of the October 8 policy meet; OpenAI raises $6.6 billion in funding at $157 billion valuation...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
SEBI expands T+0 settlement option to 500 top scrips but instant mode still away; Jerome Powell says U.S. Fed will move 'over time' to more neutral stance; RBI finds irregularities in gold loan practices, cautions lenders...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Looking to enter mass market tea in 'a big way', says Amul; Metal stocks were among the largest gainers last week; Securities and Exchange Board of India is set to hold its board meeting today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Tata Group to establish semiconductor units in Assam, Ozhur, and other Indian locations; Swiggy files DRHP, eyes nearly $10 billion valuation; SEBI brings fixed price framework for delisting process...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Chinese government plans one-off cash handouts for those in extreme poverty, following a new economic stimulus program;India's CDSCO flagged 53 drug samples for quality lapses, implicating companies like Sun Pharma and Glenmark; Easy Trip Planners promoter Nishant Pitti sold 13.9% stake; NCLT approves the merger of IDFC Financial Holdings with IDFC, which will merge into IDFC FIRST Bank; OpenAI CTO Mira Murati announced her departure, following a series of high-profile exits from the company...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI to cut interest rates in October at the earliest, says S&P Global; Government allows laptop, tablet importers to apply for permit till December; Delta Corp to demerge and list hospitality, realty business...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
China's central bank governor announces cut in banks' reserve requirement ratio - the cash to be kept on hand - in a bid to revive growth; U.S. stocks remain positive as rate cut rally continues, S&P 500 nears record high; Deadly conflict in Lebanon: Over 492 killed in Israeli air strikes on Hezbollah targets; SEBI fines Anmol Ambani for due diligence failures in loan approvals; Punjab National Bank launches QIP to raise up to ₹7,500 crore amid bull market; Vodafone Idea seeks government resolution on AGR dues after Supreme Court ruling...…All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
SEBI bars Axis Capital from managing debt issues; #RBI removes restriction on #IIFLFinance's gold loan business; Centre-state IGST panel constituted to address negative balance issue...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Federal Reserve cuts benchmark rate by 50 bps; NTPC Green Energy files draft papers for Rs 10,000-crore IPO; Gold jumps to an all-time high...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SpiceJet to raise up to Rs 3,000 crore via QIP at Rs 61.6/share; PN Gadgil Jewellers listing today; Stocks to watch...All this and much more on your daily podcast by Niraj Shah.
Gunfire at Trump golf club latest jolt in chaotic 2024 campaign; China's factory output, consumption, and investment slowed more than expected in August; Stocks in focus today...All this and much more on your daily podcast by Niraj Shah.
European Central Bank cuts policy interest rates by 25 basis points to support growth; India’s retail inflation at a five-year low even as it rises marginally in August driven by vegetable prices; Adani Group denies allegations of involvement in Swiss court proceedings...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
The script for a Fed rate cut next week takes an unexpected turn as core inflation rises in August; India’s retail inflation could ease to the lowest in five years in August on the back of a base effect and easing food prices; India approves a two-year 10,900-crore subsidy to promote electric vehicles...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Oil prices slipped to near the lowest since 2021; Lulu Group from Abu Dhabi, UAE, aims to increase its food imports from India to Rs 15,000 crore in the next two years; Honda Motorcycle & Scooters India will launch the electric version of the Honda Activa in March 2025; Kamala Harris takes on Donald Trump for first U.S. presidential debate...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global markets rebound as U.S. benchmarks recover from worst week of 2024; GST Council cuts tax rates on cancer drugs and namkeen. New ministerial groups formed to address issues related to tax rates and compensation cess; Bajaj Housing Finance IPO oversubscribed more than twice on first day; Tata Motors slashes prices by up to Rs 2 lakh on passenger vehicles for festive season; Mumbai Police file FIR against top Religare executives over financial misconduct; Apple unveils new iPhone 16 series with A18 Bionic chip; pre-orders start from September 13...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global markets in caution mode ahead of Federal Reserve rate decision; U.S. jobs data misses expectations, Federal Reserve Governor open to bigger rate cut; Japan's Q2 GDP growth falls short of expectations, Nikkei drops 3%;Key events this week: European Central Bank rate decision and Apple’s iPhone 16 reveal; Bajaj Housing Finance IPO opens for subscription, anchor investors commit Rs 1,757 crore; SpiceJet restructures aircraft lease obligations with Carlyle Aviation Management...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Opec+ agrees to pause planned oil output hike for two months amid weakness in China’s economy; Global equity markets cautious ahead of key U.S. jobs data; Dow falls 200 points; Foreign investors turn net sellers of Indian equities, domestic buyers remain active; SBI chairman CS Setty emphasizes focus on service improvement over aggressive growth; Union finance minister Nirmala Sitharaman dismisses GST "friction" claims and stresses simplified tax compliance; Supreme Court orders Sahara India to deposit Rs 1,000 crore in SEBI-Sahara fund within 30 days..........All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. companies posted fewer job openings in July compared to June, adding to concerns about the U.S. economy; The inversion in the U.S. bond yield curve reverses to normal, signaling a potential rate cut by the Federal Reserve; SEBI responds to allegations of being misled by external elements, affecting its credibility; Adani Enterprises’ public bond issue is oversubscribed on its first day, with the issue subscribed 1.79 times; Government plans to exercise a partial oversubscription option in the General Insurance Corp. share sale, with a 5.7% drop in shares; Union Steel Minister H.D. Kumaraswamy indicates a possible hike in steel import duties due to rising imports from China......All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global equity markets slump as U.S. tech stocks plunge; NVIDIA drops 9.5%; Weak U.S. economic data raises recession fears and potential Fed rate cut;
Crude oil prices fall 4% amid anticipation of increased output and Libya’s production restoration; Indian Defence Ministry approves ₹1.45 lakh crore for 10 capital acquisition proposals; Government to sell up to 6.8% stake in General Insurance Corporation through offer-for-sale.....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nifty 50 hits fresh closing high, marks 13th straight day of gains; Nationwide protests in Israel demand cease-fire with Hamas and release of hostages; Cabinet approves purchase of 240 aero-engines from HAL for over Rs 26,000 crore; Bajaj Housing IPO price is set in the range of Rs 66 and Rs 70; aims to raise Rs 6,560 crore; Over half of IPO shares sold within a week of listing by individual investors: SEBI; Vedanta approves additional Rs 7,821 crore dividend, total payout for the year at Rs 13,475 crore...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's GDP growth slows to 6.7% in April-June quarter, slowest in five quarters; Gross GST collections for August 2024 rise 10% year-on-year to Rs 1.75 lakh crore;
Gujarat State Petronet restructures: merges with Gujarat Gas, spins off GSPL transmission; Auto sales struggle in August: Maruti Suzuki and Tata Motors report declines;
Oil prices fall sharply; brent crude at $76.6 amid OPEC+ output increase plans and weak Chinese data.......…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. markets closed mixed ahead of key inflation data; Indian markets closed higher buoyed by Reliance Industries; FPIs and DIIs buy into Indian equities as markets see large blocks in Interglobe Aviation and PB Fintech..........All this and much more on your daily podcast by Agam Vakil.
Nvidia posted strong earnings but dropped 7% after disappointing projections for the current quarter;One 97 Communication gets approval for investment into Paytm Payment Services;InterGlobe Aviation’s founders to sell shares at discounted price of 5.5%;PB Fintech to see stake sale by Tencent Cloud;Genus Power Infrastructure secures orders worth Rs 4,469 crore.........All this and much more on your daily podcast by Agam Vakil.
U.S. markets ended marginally higher, focus shifts to Nvidia which will announce earnings today;Asia open lower; Crude has falls 2%; ICICI Prudential Life Insurance received GST demand and penalty order worth Rs 429 crore from Maharashtra tax authority;PNC Infrastructure declared lowest bidder for highway project worth Rs 380 crore in Uttar Pradesh & Bihar;Warburg Pincus affiliate exits Medplus Health, sells entire 11.35% stake via open market transaction....All this and much more on your daily podcast by Agam Vakil.
Oil has edged up higher to over $77/barrel as Libya halts production for 2 weeks; Gold trades steady at $2550/ounce;Nifty clocked it's 8th straight day of gains closing above 25,000.Bank Nifty finally moved back 51,000; UltraTech Cement raises $500 million through a sustainability-linked loan with participation from six banks;Piramal Capital & Housing Finance was held liable for a Rs 466 crore penalty on a voluntarily withdrawn claim of Rs 3,698 crore from the Dewan Housing Finance merger;GPT Infraprojects launches QIP, setting the floor price at Rs 183.8 per share....All this and much more on your daily podcast by Agam Vakil.
Federal Reserve Chair Jerom Powell indicates at Jackson Hole meeting that interest rates are just around the corner; U.S. market closed higher on Friday with NASDAQ advancing 1.5%, S&P 500 gained 1.15%; Asian markets opened mixed as tensions in the middle east rise; Yen further strengthened and Nikkei opened lower; Jerome Powell’s speech’s read through could be positive for Indian markets;Friday was flat for Indian equity indices but Nifty closed above 24,800, Bank Nifty closed just shy of 51,000....…All this and much more on your daily podcast by Agam Vakil.
U.S. markets declined on August 22 ahead of Federal Reserve's Chair Powell’s Jackson Hole speech; Indian markets inched up higher ever so slightly;NCLT has approved Adani Power’s resolution plan to buy Lanco Amarkantak Power for Rs 4,101 crore;dani Group plans to divest $500 million worth of shares or 2.84% stake in Ambuja Cement; Hindalco to invest $10 billion in Indian operations, Novelis expansion.......All this and much more on your daily podcast by Agam Vakil.
U.S. markets close higher as Fed minutes indicate a higher probability of a rate cut in September; Asian markets open in the green ahead of Bank of Korea rate decision; WTI crude fell below $72 as expectations of a fed rate cut grow; Gold continues to make new life highs, now at $2550/ounce; Indian markets showed strength on august 21 as Nifty edged higher at 24,770....All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
U.S. indices decline marginally as Wall Street awaits Federal Reserve's minutes; Asian market opened weaker, Nikkei down 0.8%; RBI asks banks to take steps to ensure slow deposit growth does not derail financial stability; Nifty rally continues with support from banks and IT stocks......All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
S&P 500, Nasdaq post eighth positive session; Kamala Harris proposes raising U.S. corporate tax rate to 28; Asian markets open in the green; U.S. crude oil falls nearly 3% as U.S. pushes for Gaza cease-fire; August Bulletin: Central Bank pegs GDP growth at 7.2% in Q2 FY25; FPIs slod stock worth Rs 2,670 crore, DII bought equity worth Rs 1,800 crore on net basis.......All this and much more on your daily podcast by Agam Vakil.
U.S. indices close in greens on Friday; Asian shares edge higher; Nifty holding on to 24,000; Overseas investors snapped three-session selling streak as it turned net buyers; Foreign portfolio investors mopped equities worth Rs 766.5 crore; Shipbuilding and IT & Communications sectors to look out for...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
SBI and PNB seek resolution with Karnataka Government after account closure order; Short-term borrowing costs drop to lowest in nearly two years amid liquidity build-up; U.S. retail sales surge in July, boosting consumer resilience despite high prices; U.S. industrial output declines in July due to factory slowdown and hurricane impact; Wall Street rallies as risk-on sentiment returns; S&P 500 and Nasdaq post strong gains; China’s steel production plummets amid weak demand and declining margins.......All this and much more on your daily podcast by Alex Mathew
U.S. stock indices advanced on Tuesday; FPIs continue to sell as DIIs do their bit; NBCC, Ahluwalia Contracts, HEG are among the stocks to watch; All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
U.S. stocks halt rebound as oil hits $80 on war angst; Asian stocks rise, fully recovering their losses from last week’s rout; MSCI adds seven Indian #stocks to its global gauge for emerging markets under its August review; HDFC Bank sees weight hike on foreign inclusion factors by MSCI; MSCI removes freeze on Adani group stocks....…All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Weekend sees a disguised attempt at a hit job by short-seller Hindenburg, and a rebuttal by SEBI chairperson; Tata Power plans to expand its annual capital expenditure; Vodafone Idea and Hindustan Copper are the earnings to watch out for today; All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equity markets rally as job data eases economic concerns; Treasury yields rise following strong U.S. jobs report; Asian markets start strong; Nifty 50 expected flat; FMCG volume growth slows to 3.8% amid macro challenges; Eicher Motors' profit surges 20%, beats estimates despite slow sales; Crude oil prices edge higher amid geopolitical tensions.........All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
MPC likely to maintain status quo for the ninth straight meeting; Volatility in global markets continues;Asian markets open weaker, following cues from U.S. markets; Vinesh Phogat has announced her retirement from the sport after disqualification from Paris Olympics; U.S. judge refused to block a debt payment designed to free Byju’s from insolvency case in India...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Government amends finance bill, taxpayers can choose between 12.5% or 20% long-term capital gains tax rate; SEBI proposes tightening rules for foreign investors; CBI books Hindalco for alleged corruption in environmental clearances for coal mining in Odisha;
CS Setty appointed as new Chairman of State Bank of India, succeeding Dinesh Kumar Khara; Nobel Prize-winning economist Muhammad Yunus appointed head of Bangladesh’s interim government amidst political turmoil....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global equity markets see eased selling; Wall Street recovers from sharp declines; Asia Pacific rebounds with Nikkei 225 rising 10% and Kospi gaining over 4%; Unrest in Bangladesh: Sheikh Hasina resigns and flees, new interim government to be formed; Bharti Airtel reports 128% quarterly profit growth, Beating estimates SEBI approves five IPOs, including Bajaj Housing Finance and Baazar Style Retail... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Japan's markets led regional losses, with Nikkei 225 and Topix falling up to 7% in volatile trading; RBI’s Monetary Policy Committee scheduled to meet and decide on policy rates this week; SEBI is expected to release a consultation paper this week; New TRAI rules require telecom operators to compensate for service outages over 24 hours; SBI's profit up 0.89%, total expenses rise in Q1....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wall Street saw selling in equities overnight and fall in yields; Gross GST collections increased 10.3% year-on-year to Rs 1.82 lakh crore in July;Tata Motors's Q1 profit rose; ITC's net profit stood at Rs 4,917 crore in the quarter-ended June; Adani Enterprises' net profit rose more than two-and-a-half times in Q1 to Rs 1,772.3 crore; SEBI has imposed a penalty amounting to Rs 2 crore on seven entities....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve maintains its key interest rate for the eighth consecutive time; Infosys is being investigated for alleged GST evasion; Fairfax, Emirates, and Kotak Mahindra Bank on final list of bidders for IDBI Bank, per NDTV Profit Exclusive; India's eight core infrastructure industries rises in June; U.S. equities climb overnight...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI releases consultation paper to curb excessive speculation derivatives market; Vedanta gets Rs 1,300 crore tax demand; outcome of Federal Open Market Committee’s meeting awaited; and today marks the last day to file income tax returns…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
International markets rangebound ahead of Federal Open Market Committee meeting ;NCLT ordered liquidation of Kishore Biyani-led Future Retail; Rapido turns unicorn after a fresh funding round of Rs 1,000 crore; SEBI propose to expand definition of relatives under insider trading rules;UltraTech Cement has no plans to delist India Cements after acquisition;The State Bank of Pakistan reduced the target policy rate by 100 basis points to 19.50%....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
UltraTech Cement approves purchase of 32.72% equity in India Cements from promoters and their associates;ICICI Bank’s net profit grew over 14.5% on a year on year basis; Interglobe Aviation reported a 47.5% rise in net profit to Rs 1,063 crore; Finance Minister Nirmala Sitharaman emphasized the need for SEBI to regulate the F&O market to address concerns about exuberance and excess volatility; Ola Electric Mobility IPO priced at Rs 72-76 a piece valuing company at Rs 33,522 crore; U.S. equity markets ended the week with strong gains...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. GDP grew at a 2.8% annualized rate in Q2, up from 1.4% in the previous quarter;Oil is set for a third consecutive weekly loss due to weak Chinese demand;Mankind Pharma acquires Bharat Serums and Vaccines for Rs 13,630 crore; Indian I.T. sector to add 350,000 jobs; Equity markets in the U.S. ended mostly lower – the Nasdaq declined 0.9% and the S&P 500 dropped half a percent....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
70% of individual traders who engaged in intraday trading in the equity cash segment incurred losses: SEBI; Wall Street saw its worst day since October 2022; Alphabet fell 5% after spending more to get ahead of rivals in AI; Federal Open Market Committee meets to discuss monetary policy next week; L&T's Q1 profit for fiscal 2025 rose, surpassing analysts' estimates; Radhakishan Damani offloaded stake worth Rs 142 crore in VST Industries via open market transactions …All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Government presents budget, capex spend retained and changes announced on the taxation both for individuals as well as for capital gains; Fiscal deficit for the current year has been pegged at 4.9%, down from the 5.1%; HUL Q1 profit rise driven by moderate uptick in volume even as revenue growth slowed; Axis Bank and Larsen and Toubro to report Q1 reports today;Oil rises, snapping a run of losses; Boeing to resumed deliveries of its cash-cow 737 Max aircraft to airlines in China; U.S. stocks ends lower, but the cuts are narrow....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Finance Minister Nirmala Sitharaman to present the Budget today; Economic Survey expressed caution on growth in the current financial year – it was pegged at between 6.5% and 7%; KVS Manian, the former joint MD at Kotak Mahindra Bank has been given RBI approval to take charge; Brent crude above $82 to the barrel;China to remove sanctions on a U.S. communications company;, U.S. stocks ended higher, with the S&P 500 and the Nasdaq gaining over a percent and the Dow ending higher by 0.3%...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S., President Joe Biden has quit the race against Donald Trump;California governor Gavin Newsom threw his support behind Kamala Harris; HDFC Bank Q1 net profit fall 2% sequentially to about Rs 16,175 crore on lower core income growth and higher tax expenses;Reliance Industries's net profit declined nearly 18% in the quarter ended June to Rs 17,745 crore; Kotak Mahindra Bank's standalone net profit rose 81% to about Rs 6,250 crore; Bangladesh Prime Minister Sheikh Hasina shelved her overseas travel plans that were to start July 21....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Infosys anticipates a revenue increase of 3-5% for this year; Reliance Industries, Ultratech Cement, JSW Steel and Wipro to report their Q1 earnings today;No rate cut for now in India, RBI releases natural rate which indicates there is no room for rate cut; NHAI issued guidelines to collect double user fee from users entering the toll lane with non-affixed FASTag;Capital Raising Committee of Vodafone Idea approves the allotment of more than 40 crore equity shares today;, U.S. stocks declined further – the Dow dropped 1.3%....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Asian Paints may be forced to implement more price hikes, says CEO Amit Syngle; Asian Paints' net profit declined nearly 25% to Rs 1,187 crore; LTIMindtree recorded a revenue rise of 2.8% sequentially to Rs 9,142.6 crore in Q1; IMF lifts India's GDP growth projection to 7% for fiscal 2025 in its latest outlook; Karnataka government put on hold a contentious bill, which mandated reservation for Kannadigas in the private sector;Wall Street, tech stocks saw declines, pushing the Nasdaq lower by 2.8% and the S&P 500 by 1.4%...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed will not wait till inflation goes down to 2 per cent to start cutting interest rates, says Chairman Powell; RBI issued three revised master directions on fraud risk management for commercial banks, cooperative banks and non-banking financial companies; SEBI has sent an administrative warning to Paytm;Hindustan Unilever enters into a deal with the Indian division of A.O. Smith to sell its water purification business for Rs 601 crore; Windfall tax hiked from Rs 6,000 per tonne to Rs 7,000 per tonne; U.S. stocks gained overnight as the focus shifted to Donald Trump....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Former president Donald Trump shot at during a rally in Pennsylvania on July 14, FBI identified the gunman as 20-year-old Thomas Matthew Crooks; Reliance Industries, Infosys, UltraTech Cement and Bajaj Auto to reveal their Q1 results; HCLTech expects revenue to rise by 3-5% in constant currency terms during the year; IT pack will continue to buzz; India’s foreign exchange reserves touched all-time high in the week ended July 5; At least 90 people died and more than 300 were injured in the air strike in Khan Younis area of the central Gaza Strip....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. consumer prices declined 0.1% on a sequential basis in June after having remained flat the previous month; Yields on U.S. treasuries dropped sharply immediately after the data release; Retail inflation is expected to inch upwards in June in India;TCS kickstarted the earnings season, broadly meeting estimates;Prestige Estates Projects recorded a 22.6% year-on-year dip in sales at Rs 3,030 crore in the first quarte; President Joe Biden downplayed concerns about his presidential campaign, but a series of high-profile mistakes during the NATO summit....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Earnings season begins, TCS to report its numbers for the quarter ended June today; Hollywood turns against President Joe Biden as George Clooney signals major shift; Broader CPI set to rise about 0.1%. U.S. stocks ended strongly positive on renewed hopes of rate cut in September; Asian Paints and Berger Paints started raising prices to cope with higher cost; Glenmark Pharmaceuticals to divest its entire 7.84% stake in Glenmark Life Sciences through an offer for sale in the secondary market; Microsoft and Apple drop the plans to take board roles at OpenAI in a surprise decision...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve Chair Jerome Powell says high rates can affect growth, rekindles hopes of a rate cut; Fall in crude inventory in the U.S. pushed prices higher;, India and Russia plan to increase their bilateral trade to $100 billion by 2030 by eliminating non-tariff trade barriers, exploring a regional free trade pact and more; Tata Motors has reduced its starting prices of its SUVs—Harrier and Safari and will give benefits of up to Rs 1.4 lakh. BCCI announced appointment of former cricketer Gautam Gambhir as the head coach of the national cricket team...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Biden firm amid Democratic infighting over Presidential campaign; Mumbai issues Red Alert as heavy rainfall predicted, extensive precautions advised; India adds 46.7 million jobs in 2023-24,RBI reports; SEBI approves IPOs worth Rs 1,918 crore for four companies; Piramal Enterprises aims for 15% growth, Rs 80,000 Crore AUM in FY; Air Kerala receives initial no-objection certificate from Civil Aviation Ministry....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
S&P 500 and Nasdaq both make new lifetime highs; Nifty50 closes at a new life high, with overseas investors remaining net buyers in Indian equities; HDFC Bank disappoints with its first-quarter business update, and the stock could see a negative impact; Raymond demerges real estate business, with shareholders receiving one share for every share held... All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Joe Biden may drop his bid for re-election just four months ahead of the start of the Presidential Elections;U.S. stocks ended higher – with S&P 500 and Nasdaq gained 0.5% and 0.9% respectively; Bajaj Finance's assets under management rise 31% to Rs 3.54 lakh crore in the three months; Vedanta reports 10% jump in production of saleable steel or finished products to 3,56,000 tonnes in the June quarter; Sri Lanka and creditors reached agreement on the terms for a $12 billion bond restructuring...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
HDFC Bank reports reduction in FII shareholding to 54.83% in the June 2024 quarter;Madhya Pradesh High Court has stayed the suspension of the license of the sister company of Som Distilleries and Breweries;Zomato Financial Services decided to voluntarily withdraw application for getting registered as NBFC; Narayana Health Insurance launched its first health insurance product, 'Aditi';Jerome Powell, Federal Reserve Chair cautiously optimistic on inflation, holds off on rate cuts; U.S. stocks rises to fresh records – with the three key benchmarks gaining between 0.4 and 0.8%....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI introduces guidelines for market infrastructure institutions, or MIIs, to ensure fair and transparent fee structures; Gross GST collections in June seen at 1.74 lakh crore, according to sources; Tata Steel manages to avert a strike at its Port Talbot facility in the UK after workers’ union agrees to more discussions; OPEC’s crude production remained steady for a third month; U.S. factory activity contracted slightly for the third straight month in June....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
After a 13 year wait, India is once again a World Champion; Marine Le Pen’s National Rally scored an emphatic victory in the first round of France’s legislative election; Vodafone Idea joined its peers to announce an increase in rates across plans by 10-21% with effect from July 4; Auto sales for the month of June – not going to be a pretty picture based on expectations. China’s factory activity contracted for a second straight month in June...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Reliance Jio finally bites the bullet and hikes tariffs between 12.5% and 25% on existing plans;SEBI says its open to review the weekly options derivative products if required to reduce speculative trading in the market;RBI's Financial Stability Report warns of commodity price volatility due to geopolitical conflicts, posing inflation risks;All eyes on Mint Street, with India's bonds set to be included on JP Morgan's bond index today;U.S. GDP grows 1.4% in the quarter ended March, matches estimates....…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nifty 50 closing within touching distance of 23,900 points; U.S. equities saw some late buying,pushed the key indices into the green, but gains narrowed.Outcome of the SEBI board meeting expected today;Telecom spectrum auctions concluded with a total of 11,341 crore mopped up; Dr Reddy’s Laboratories enters agreement to buy U.K.-based Haleon’s nicotine replacement therapy for about Rs 5,250 crore; Tata Motors eyeing 20% market share by 2030 on the back of Curvv and Sierra SUVs; Infosys betting big on artificial intelligence to drive growth...All this and much more on your daily podcast by Alex Mathew.
RBI Governor Shaktikanta Das said that India’s economic growth is inching toward 8% in a sustained manner;Demand worth 7,500 crore has been received in the ongoing spectrum auctions, according to data released by the Department of Telecom;Prime Minister Narendra Modi expected to visit Russia for the first time since the start of the war in Ukrain; Gold price increased by Rs 70 to touch Rs 72,550 per 10 grams in the domestic market; S&P revised ratings of Adani Ports and Special Economic Zone, while revising its outlook to 'Positive' from 'Stable'....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India qualify for T20 World Cup semi-finals with 24-run win; India's current account balance recorded a surplus for the first time since April-June 2021; Auction of telecom spectrum will begin today, with the Union government set to put airwaves worth Rs 96,317.7 crore on the block; Britannia Industries closes its Taratala plant in Kolkata;Vedanta is considering tapping bond markets for at least $500 million in a debut overseas issuance; Byju’s facing legal challenges with its $200 million rights issue...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Quant Mutual Fund investigated by SEBI for alleged frontrunning; First session of the 18th Lok Sabha will begin today; Chairman Gautam Adani of Adani Enterprises to address the AGM meeting today; 3rd GST Council meeting ended with focus primarily on easing compliance burden on taxpayers and limiting litigation rush for the government;Probe into alleged irregularities in NEET exam to be handed over to CBI; Ujjivan Small Finance Bank has lowered its fiscal 2025 loan growth guidance by 500 basis points; Tata Steel is facing historic strike in U.K. over its plan to cut thousands of jobs...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IRDAI moves to curb misselling of ULIPs; High-level committee to probe irregularities in NTA over NEET fiasco; Hinduja Group planning to raise about Rs 7,300 crore rupees via two bond offerings; U.S. stocks showed some signs of fatigue; Mixed start in the Asia Pacific region...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Government approves Rs 76,000 crore to construct a port in Vadhavan in Maharashtra, when completed it will be the 10th largest in the world and provide 1.2 million jobs; Government approves an infusion of Rs 7,453 crore for offshore wind energy projects off the coasts of Gujarat and Tamil Nadu; Axis Bank plans to purchase an additional stake in Max Life Insurance Company for a sum of Rs 336 crore; Reliance Jio Infocomm and Bharti Airtel continued to gain subscribers in April 2024, even as Vodafone Idea's losing streak remained intact...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Vodafone Group to sell stake in Indus Tower; RBI and SEBI are monitoring the high volume of retail trading in the futures and options segment: Shaktikanta Das;Nvidia has rocketed past Apple and Microsoft to become the most valuable company in the world; Oil steadied after its biggest two-day gain in three months; U.S. crude inventories rose by 2.3 million barrels last week....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fifteen passengers dead and 60 injured in Sealdah-bound Kanchanjunga Express derailment; Rahul Gandhi gives up Wayanad in favour of Priyanka Gandhi; Som Distilleries and Breweries have blamed contractors of its associate company for concerns that it was employing children; One 97 Communications is in talks with Zomato to sell its "entertainment" business; The special additional excise duty on crude oil has been cut from Rs 5,200 per tonne to Rs 3,250 per tonne; U.S. stocks off to a great start to the week, hitting fresh record highs...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. producer prices unexpectedly declined in May by the most in seven months; Strong demand for freshly issued 30-year U.S. Treasury pushed yields lower across the curve overnight; Adani Group-owned Ambuja Cements will acquire Hyderabad-based Penna Cement Industries at an enterprise value of Rs 10,422 crore; BNP Paribas Financial Market divested stake worth Rs 986 crore in L&T Finance via open market deals on June 13; Mercedes-Benz is set to invest Rs 3,000 crore in Maharashtra, according to Industries Minister Uday Samant....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve keeps policy interest rates unchanged for the seventh consecutive time in a range of 5.25-5.5%; May CPI inflation at 4.75% vs 4.83% in April; FOMC's median forecast shows a 25 basis points rate cut in 2024, as against the 75 bps expected earlier;Finance Minister Nirmala Sitharaman may present the Union Budget 2024-25 during the third week of July;Maruti Suzuki Swift has dethroned the Tata Punch as India’s best-selling car in May - the same month its latest version of the car went on sale....All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
World Bank forecasts India's GDP to grow by 6.6% in FY25; Oil prices shot up this week after falling because of OPEC announcement; World oil demand to rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025; Hyundai Motor likely to file a draft to Sebi for initiating the process for IPO; Ola Electric Mobility has secured approval from SEBI to launch an initial public offering; Union Bank of India to raise up to Rs 10,000 crore from the market through a mix of equity and debt...… All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Modi 3.0 cabinet's key appointments include Nirmala Sitharaman as Finance Minister, Amit Shah as home minister, Rajnath Singh as Defence Minister and S Jaishankar as foreign minister; Centre approved the disbursement of 1.4 lakh crore in tax devolution to states for June; Mphasis promoter, BCP TOPCO IX, an arm of Blackstone, has offloaded a little over 15% stake in the company for Rs 6,735 crore through open market transactions; Apple, last night, announced its new artificial intelligence features, including tools supported by ChatGPT at its annual developer conference..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Prime Minister Narendra Modi sworn in as the 15th Prime Minister of India, along with him as many as 30 Cabinet ministers were sworn in; Rajnath Singh, Amit Shah, and Nitin Gadkari all took oath along with Nirmala Sitharaman and S Jaishankar – all key faces of existing ministries sworn in again; India won by 7 runs against Pakistan in T20 World Cup; Terrorists opened fire in Jammu and Kashmir's Reasi district on June 9 evening, 9 died, 33 injured; Oil steady after a weekly drop with the market digesting OPEC+’s decision to restore supply; U.S. stocks declined at the end of the week, but the cuts were narrow....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI’s Monetary Policy Committee to announce new repo rates at 10 am today; European Central Bank cut interest rates that it has been indicating for months; Wipro wins a $500-million deal from a leading US communication service provider; NCLT approves the merger between Air India and Vistara...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
National Democratic Alliance elected Narendra Modi as its leader and decided to stake claim to form the government; At 28.55 crore, the National Stock Exchange of India on Wednesday broke the world record for handling the highest number of single-day trades; SEBI proposed increasing the threshold for the basic service demat account to Rs 10 lakh from the existing Rs 2 lakh....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
BJP to form the government for the third term, with a final seat count of 240 – 32 seats short of majority and 63 lower than it had achieved in 2019 ; Indian National Congress ended with a score of 99 seats; Nifty 50 ended nearly 6% lower; Novelis postpones its planned $945 million initial public offering in the U.S. citing market conditions; Tata Motors Finance to merge with Tata Capital; U.S. and President Biden’s efforts to broker a ceasefire between Israel and the Hamas in the warzone that is now Gaza has failed; Yield on the 10-year Treasury has fallen almost 30 basis points....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Votes will begin to be counted at 8 am today; Nifty 50 hit new intraday highs and also closed at a new record – that stands at 23,26; Southwest monsoon has moved into some more parts of Karnataka, Telangana and coastal Andhra Pradesh on June 3;FSSAI has directed companies to remove claims of "100% fruit juice" from labels and in advertisements for reconstituted fruit juice products with immediate effect;Credit card issuances fell to below the 10-lakh mark for the first time in 10 months due to regulatory changes...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Exit polls predict another landslide victory for the BJP-led National Democratic Alliance; Will Nifty hit 23,000 and market open gap up?; Brent crude trades muted; Goods and Services Tax collections increased 10% year-on-year to Rs 1.73 lakh crore in May; 'Amul' increased milk prices by about Rs 2 per litre effective today and across the country...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. economic growth slows in the first quarter; Indian economic growth is expected to remain on track in the fourth quarter; Hassan MP Prajwal Revanna facing sexual assault charges arrested; Jio Financial Services unveils the 'JioFinance' app in beta version...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Equities declined along with bonds after another sale of Treasuries in U.S. ; Yields have risen across the board and that’s usually not a positive sign for equity markets; RBI has stopped Edelweiss Asset Reconstruction Co from acquiring any stressed assets; Saudi Arabia set to launch $10 billion Aramco share sale on June 2; Meta Platforms removed hundreds of Facebook accounts associated with covert influence campaigns from China, Israel, Iran and Russia...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IT Department urged taxpayers to link their PAN with Aadhaar by May 31 to prevent higher tax deductions; Finance Minister Nirmala Sitharaman indicated the government may reconsider the 45-day payment rule for MSMEs if the industry requests it; Maximum temperature in India crossed 50 degrees Celsius, just a shade away from an all-time high; Novelis plans to raise up to $945 million through IPO, as it prepares for its stock market debut on the New York Stock Exchange..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IMD predicts that the monsoons are likely to be above normal; Adani Energy plans to raise 12,500 crores through QIP; Oil prices rise slightly ahead of the OPEC+ meeting later in the week; Samsung reports that India's smaller towns are driving phone upgrades, boosting its value growth despite stagnant smartphone volumes; Wall Street today is moving back to a T+1 settlement..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Severe cyclonic storm ‘Remal’ made landfall between the coast of Bangladesh and West Bengal, bringing heavy rains that flooded homes and farmland; At least 35 Palestinians were killed in an Israeli airstrike at a camp for displaced people in Rafah late on May 26; Oil steadied after its biggest weekly loss in a month, with the focus on an OPEC+ supply meeting at the end of this week; Globally investors to watch for U.S. GDP data, and China's official manufacturing and non-manufacturing PMI data...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nifty closes just below 23,000, after hitting a new all-time high; Federal Reserve won’t cut interest rates this year: Goldman Sachs; Yields across the board rose; Brent crude trading at close to the lowest point in a month at about 81.3 dollars per barrel; Interglobe Aviation’s profit more than doubled to close to Rs 1,900 crore in Q4; Google plans to invest billions of dollars in India’s Tamil Nadu state to set up smartphone production…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Federal Reserve minutes show officials rally around higher-for-longer rates; U.S. markets end lower; Asia markets open mixed; RBI to pay a record Rs 2.1 lakh crore to the government as dividend, this is 140% more than the previous year’s payout; ITC, InterGlobe Aviation, Fortis among the companies to announce their results today...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
U.S. markets close higher; Nvidia slated to announce earnings; Asian markets skittish; Indian markets also ended higher on Tuesday....All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Mumbai recorded its second-highest voter turnout in 30 years at 52.4%; Godrej Properties has bought another parcel of land – this time around 109 acres in Nagpur....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. stocks hit record highs overnight, with Dow briefly hitting the 40,000 mark; Mahindra & Mahindra draws up over $3-billion capex plan with smaller EV outlay; India's mango season marred by low yields, soaring prices; U.K. food watchdog imposes extra measures on Indian spice imports…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. consumer price index rose 0.3% in April; Government cuts windfall tax on crude petroleum; Southwest Monsoon likely to reach Kerala by May 31: IMD; Bharti Airtel CEO says the pricing architecture in India is broken; Switzerland emerges as the top import destination for India in April…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
MSCI added 13 Indian stocks to its Global Standard Index under quarterly review for May; Global markets focused on the release of a single data point in the U.S; PPI for final demand increased 0.5% from a month earlier; Finance Minister Nirmala Sitharaman warned of "unchecked explosion" in high-risk future and options trading by retail investors......All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s consumer inflation eased to an 11-month low; Lok Sabha Elections 2024: Voter turnout at 62.8%; 14 dead, 60 injured after huge billboard falls during Mumbai dust storm; Zomato's payment arm surrenders RBI licence citing lack of competitive edge; U.S. declares a Chinese crypto mining company -- MineOne Partners -- a national security threat…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fourth phase of Lok Sabha Elections 2024 begins today; Air India Express slowly restoring flights, all cabin crew return: Report; FMCG distributors urged to restrict inventory of branded spices; China credit shrinks for first time, loan growth disappoints; Joe Biden will quadruple tariffs on Chinese electric vehicles this week; Vladimir Putin replaces his long-serving defense minister with a trained economist…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's benchmark stock indices recorded their worst fall since January; JPMorgan is on track to include India in its emerging market debt index from June; Air India Express to reinstate terminated cabin crew; Paytm refutes reports on lending partners invoking loan guarantees due to repayment default; SEBI mulls lot size reduction of privately placed InvITs to boost investors’ participation…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Joe Biden warns he’d hold back more weapons if Israel invades Rafah; State Bank of India, Asian Paints, Bharat Petroleum & Punjab National Bank to announce earnings today; RBI lifts curbs on Bank Of Baroda's BoB World app; Delhi’s Labour Commissioner pulls up Air India for failure to address staff concerns; Serum Institute says that it had disclosed all rare-to-very-rare side effects of Covishield...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Biden administration says Israel and Hamas should be able to resolve their differences over a proposed cease-fire; FMCG makers raised prices in April; TikTok sues U.S. government to block divest-or-ban law; Xi arrives in Serbia to bolster relations with Europe’s east; Microsoft creates top secret generative AI service for U.S. spies...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Phase three of the Lok Sabha Elections kicks off today; Reliance Jio, Bharti Airtel, and Vodafone Idea submit their application to bid for Rs 96,317-crore spectrum auction; RBI is working to make its digital currency available without being dependent on internet access: Governor...All this and much more on your daily podcast by Alex Mathew.
Warren Buffett emphasises the potential for scams facilitated by AI; U.S. employers scaled back hiring in April and the unemployment rate unexpectedly rose; Nirmala Sitharaman dismisses reports of income tax tweaks that triggered 1,100 Sensex plunge; Kotak Mahindra Bank is more worried about reputational impact than the financial impact due to RBI curbs, says CEO; NSE announces 4:1 bonus shares for shareholders, to pay dividend of Rs 90...All this and much more on your daily podcast by Alex Mathew.
Apple beats Q2 estimates, announces historic $110 billion share buyback; Turkey confirms all trade halt with Israel; RBI lifts ban on Bajaj Finance’s eCOM and Insta EMI Card; Vodafone Idea seeks $1.8 billion of loans in next two years...All this and much more on your daily podcast by Alex Mathew.
Federal Reserve holds its benchmark rate steady; U.S. equities ended mixed overnight; Godrej family has reached an amicable agreement to divide the group into two; GST collections crossed the Rs 2 lakh crore mark for the first time; U.S., Saudi Arabia said to be near historic pact...All this and much more on your daily podcast by Alex Mathew.
Tesla shares jumped 15%, posting their best day in three years as investors reacted to Elon Musk’s China visit; Xi Jinping is heading to the European Union for the first time in five years; RBI asks lenders to review loan disbursal practices, interest charges; Ola Cabs CEO Hemant Bakshi steps down after four months of appointment...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve to announce interest rate decision this week; US Secretary of State Antony Blinken to step up efforts to secure a truce in Gaza; Minority shareholders file suit against ICICI Securities on delisting issues; Elon Musk makes an unannounced trip to China, a week after postponing India visit…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Microsoft, Alphabet unveil Q1 results, beat analysts estimates; U.S. economic growth slid to an almost two-year low last quarter; Second phase of polling in the ongoing Lok Sabha Elections kickstarts; An above-normal monsoon, as widely predicted, can ease inflation in the months ahead, says the Finance Ministry…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI directs Kotak Mahindra Bank to stop issuance of fresh credit cards and onboarding of new customers through its online and mobile banking channel; HUL's fourth-quarter profit met estimates, falling 1.5% to just over 2560 crore; LTIMintree's revenue falls 1.4% to about Rs 8900 crore; Axis Bank's net profit rises in the fourth quarter of fiscal 2024, beating analysts' estimates. All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI indicates sustained momentum in domestic demand conditions for March 2024; NSE to waive off transaction charge in F&O trade on Nifty Next 50 for six months; Axis Bank, Hindustan Unilever, LTIMindtree and more to announce their earnings today; The U.S. Composite PMI Output Index fell to 50.9 this month from 52.1 in March..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Earnings front and centre for both India & U.S.; Vodafone Idea's FPO subscribed 6.36 times; FSSAI initiates a new round of quality assessments on products from spice manufacturers.... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Yield on the 10-year Treasury rose above 4.6% and the 2-year yield is now within touching distance of 5%; Infosys’ Q4 revenue missed street estimates; Bajaj Auto’s surged by more than a third; NCLAT overturned the insolvency order against Dream11 parent…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. shares extended their losing streak to the longest since January; Vodafone Idea has mopped up close to Rs 5,400 crore from anchor investors ahead of its FPO; A new study warns about Nestle's sugar-rich baby food formulas; Adani Group increases stake in Ambuja Cements to 70.3%..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel vows response to Iran's attack as calls for restraint mount; India’s overall exports in FY24 are estimated to reach $776.68 billion; NCLAT will continue hearings on challenges to Zee-Sony merger; Jio Financial and BlackRock to form joint venture for wealth business in India; EU is set to launch a probe into China’s procurement of medical devices...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel says it has downed 300 missile and drone attack from Iran; PM Modi released BJP's election manifesto ahead of Lok Sabha elections; India's CPI inflation stood at 4.85% in March, compared with 5.1% in January and February; Power ministry has directed gas-based power plants to operate at maximum capacity from May 1 to June 30...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. inflation comes in hotter than expected in March; Investments coming into India via Mauritius will now face closer scrutiny; Chinese yuan may be the key to decoding when the RBI intends to intervene in the forex market and by how much; Elon Musk confirms India visit, meeting with PM Modi…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
The number of unicorns in India has declined for the first time in four years to 67; Baba Ramdev and Acharya Balkrishna have filed a fresh unconditional apology to the Supreme Court in Patanjali ad case; Tata Electronics is in talks to acquire a majority stake in Pegatron's India factory; Intel unveils new AI accelerator in bid to challenge Nvidia…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Treasury 10-year yields rose to the highest since November; Gold has stayed at a record high ahead of US inflation data; Bain Capital is looking to sell its entire stake in Axis Bank; RBI report flags climate change risks for economic growth…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel is pulling some troops out of southern Gaza; Wipro appoints Srinivas Pallia as its new CEO and MD, following the resignation of Thierry Delaporte; Bajaj Finance's subsidiary Bajaj Housing Finance is required to list by September 30, 2025; Vistara is "carefully scaling back" its operations by around 25–30 flights per day…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI's norms on exchange-traded currency derivatives deferred to May 3; Pilot associations urge Tata Group chairperson to address Vistara pilots’ grievances; Gold reserves with central banks across the world rose for the ninth straight month in February; OPEC+ chose to stick with oil supply cuts for the first half of the year…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve Chair Jerome Powell is back with his higher for longer negative as U.S. Equities slip for the third day in a row; National Stock Exchange has introduced four new indices; Government increases the windfall tax on crude petroleum; DMart added 24 stores in Q4 FY24...…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
World Bank raises India's GDP growth projection by 20 bps to 6.6% for FY25; Heatwaves in India to impact vegetable cultivation, but not wheat, says IMD official; NSE halves market lot size of derivatives contracts for Nifty 50; 7.4 magnitude earthquake hits Taiwan, tsunami warning issued.…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Several flight cancellations and delays have forced Vistara to reduce operations; AU Small Finance Bank and Fincare SFB merger comes into effect; Aditya Birla Group plans to demerge Madura Fashion & Lifestyle into a separate listed company; Byju's informed employees that their March salaries would be delayed, citing "irresponsible action" by the four foreign investors; Byju's delays March salaries over 'irresponsible action' by four foreign investors…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India forex reserves hit all-time high, rise by $140 million to $642.63 billion; GST authorities urges IT Ministry to block 60 offshore online gaming platforms; Infosys expects refund of Rs 6,329 crore from the Income Tax Department; HDFC Bank plans to sell 100% stake in HDFC Education and Development Services…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Delhi CM Arvind Kejriwal will continue to remain in custody; Bajaj Housing Finance readies for IPO worth $1 billion; Renault-Nissan to invest $600-700 million to make India an export hub...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
A major commuter bridge in the city of Baltimore collapsed after being struck by a container ship, causing shipping traffic at one of the most important ports on the U.S. East Coast to grind to a halt; Cocoa futures surged above an unexpected $10,000 per ton, extending a historic run up that has already seen prices double this year; India's current account deficit eased in the October-December quarter to $10.5 billion (1.2% of the GDP); L&T is raising eyebrows after the board approved a long-term loan of Rs 7,500 crore, just six months after a share buyback of Rs 10,000 crore...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's currency dropped sharply in offshore trade against the U.S. dollar on Friday to hit a record low of 83.70 per dollar, 27 paise down from the spot market close; Quantum Mutual Fund has voted against the resolution for the merger of ICICI Bank with its subsidiary, ICICI Securities; Tata Group has pivoted from traditional sectors towards electric mobility, artificial intelligence and energy transition as part of the conglomerate's transformation goals; Boeing's CEO, head of commercial airplanes and Chairman all step down as the company battles the 737 Max crisis...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Delhi Chief Minister Arvind Kejriwal has been arrested by the Enforcement Directorate in the liquor policy case; SBI has released a fresh data set detailing the parties and whose bonds they encashed; Mutual funds will stop fresh subscriptions to overseas exchange-traded funds on April 1; Mahindra & Mahindra has signed a memorandum of understanding with Adani Total Energies E-Mobility to establish EV charging infrastructure across India; Securities and Exchange Board of India introduced a beta framework for the T+0 settlement cycle that will be available from March 28...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
The U.S. Federal Reserve maintains status quo, keeping its policy rate unchanged while continuing to signal three interest rate cuts in 2024; Airtel subsidiary, Bharti Hexacom, is planning to launch its initial share sale in the next two weeks after it received the regulator's nod to float its public issue; Wockhardt is set to raise up to Rs 570 crore through QIP; Newly formed Indian REITs Association has pitched to the market regulator for real estate investment trusts to be classified as equities; The CCI dismisses four petitions of Indian app companies filed against Google's new Play Store billing policy...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
The U.S. Federal Reserve's latest meeting will conclude today with markets widely expecting rates to be kept unchanged by officials; India's GDP growth may surpass estimates in 2024, given that it already exceeded expectations during the quarter, according to the RBI; Prestige Estate Projects is likely to ink a pact with Marriott to develop six properties across the western and southern regions in a bid to expand its footprint in South Asia; Zomato launches a "Pure Veg" fleet to serve orders from pure vegetarian restaurants in a bid to differentiate itself in a competitive marketplace...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Tata Sons is looking to sell 2.34 crore shares or 0.65% stake of TCS at Rs 4,001/share; MCA notifies the draft criterion for exempting certain classes of combinations—such as M&As and amalgamations—from approval of the CCI; Two Aditya Birla Sun Life AMC promoters offered to sell up to 11.47% stake through an OFS to achieve the minimum public shareholding norms; U.S. equity markets get a shot in the arm thanks to Nvidia, AI technology's new poster child; Goldman Sachs economists dial back rate cut expectations by three quarter-point cuts instead of four...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Five central banks to decide on the course of their nation's monetary policy with the most important ones to track being the U.S. Federal Reserve and the Bank of Japan; Dates have been set for elections in the world's largest democracy starting on April 19 in seven phases until June 1; Union minister Nitin Gadkari said that the scrapping of Electoral Bonds scheme would open the gates for black money and all parties should think about developing a better system; The Indian Navy rescued 17 hostages from a hijacked ship on Saturday after a two-day, anti-piracy operation in the Arabian Sea...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Future Gaming, Megha Engineering, Qwik Supply Chain, Haldia Energy, Vedanta among top 10 electoral bonds donors; BJP receives close to half the amount, followed by the Trinamool Congress; Mutual fund industry first of its kind SMID stress test; OMCs cut petrol and diesel prices by Rs 2 per litre from today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Indian markets witness big sell off – over Rs 6 lakh crore wiped out from small and mid cap stocks; Paramount to sell entire stake in Viacom 18 Media to Reliance Industries for Rs 4,286 crore; Conduct of Byju's auditor found to be 'non-satisfactory', says ICAI chief...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's CPI inflation steady at 5.09% in February, food prices rise; British American Tobacco to sell 3.5% ITC stake via block trade; SBI submits electoral bonds data to Election Commission...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
NDTV Profit Exclusive: Tata Sons may consider setting up all financial services businesses under a new holding company; India's non-life insurers witnessed a dip in revenue in February, while standalone private health insurers' growth outpaced that of general insurers; Dharavi Redevelopment Project will begin a data-collection survey of lakhs of informal tenement residents of Dharavi on March 18; Aditya Birla Finance will be merging with Aditya Birla Capital; The central government notified the CAA on Monday evening; International markets are cautious ahead of of critical U.S. CPI data for February...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India signs a trade deal with four European nations –Switzerland, Norway, Iceland and Liechtenstein; Strong numbers reported for the mutual fund industry in February with equity inflows rising to a 23-month high despite slight moderation in inflows into small and midcap funds; Life insurers saw strong revenue growth in February; SEBI issues regulations allowing creation of small and medium Real Estate Investment Trusts; China's consumer prices rise for the first time since August, breaking a contraction streak; Job growth numbers in the U.S. for both January and December were revised sharply lower...All this and much more on your daily podcast by Alex Mathew.
Federal Reserve Chair Jerome Powell gives testimony to U.S. lawmakers saying that the central bank is in no rush to cut rates until policymakers are convinced that they have won their battle over inflation; SEBI has launched a settlement scheme for entities trading high-risk stock options on the BSE, entities involved in reversal trades between April 1, 2014, and Sept. 30, 2015, can settle pending proceedings; Gold prices hit life highs overnight before cooling marginally; Moody's Investor Service has affirmed Tata Motors's credit ratings with a positive outlook on the belief that a planned demerger in the company will deliver growth...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
The RBI refuses to slow down on regulatory action: Tuesday evening it directed JM Financial to stop any form of financing against shares and debentures with immediate effect; Paytm founder Vijay Shekhar Sharma has voiced confidence that his company will overcome regulatory setbacks this year and stage a comeback as a stronger company; The Open Network for Digital Commerce will soon levy a marginal fee for every successful transaction; Byju's has posted another year of billion-dollar losses, with the company losing over Rs 8,553 crore in the financial year ended March 2023; Bitcoin dropped overnight after surging to a record high of over 69,000 dollars...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Tata Motors announced yesterday its plans to demerge its commercial and passenger vehicle businesses into two listed entities; The RBI has directed IIFL Finance to stop disbursing gold loans with immediate effect and has barred the company from securitising or selling them; The SBI has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to the electoral bonds scheme; The government has launched two new platforms as part of its attempt to curb cybercrime and spam calls: Digital Intelligence Platform and Chakshu which users can use to report numbers, messages and phishing attempts...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
OPEC+ extends production cuts by four months in a bid to avoid a global surplus and shore up prices, the curbs will result in output being decreased by 2 million barrels a day; Apple India is set to clock over Rs 70,000 crore revenue in the fiscal year ending March becoming the second electronics brand to achieve this milestone after Samsung; Nasscom Chairman Rajesh Nambiar says workers in the business process outsourcing sector are at the maximum risk of getting impacted by the development of generative AI; Shehbaz Sharif has been elected as Pakistan's Prime Minister for a second time...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s economy beats its own record, #GDP grows at 8.4% in third quarter; SEBI asks mutual funds to do stress test of every small and mid-cap scheme; Yes Bank likely to acquire Paytm’s merchant accounts....All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
SEBI has asked mutual funds to protect investors as small and midcap funds see their valuations shoot up; Reliance Industries and Disney's India unit have agreed to merge their media businesses which will result in a Rs 70,000 crore business but could also draw the attention of the Competition Commission of India; The National Stocks Exchange has revised their methodology for the inclusion of stocks in its indices, the exchange has also added Shriram Finance while removing UPL from the Nifty50 index; Global markets have fallen ahead of U.S. inflation data due later today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Vodafone Idea's board approves a fundraising plan of Rs 20,000 crore via equity as it hunts for new investors to fully rollout 5G; Zee Entertainment Enterprises expands scope of independent advisory committee to review the allegations levelled by regulators and other parties; The Supreme Court restrains Patanjali Ayurved from advertising medicinal products manufactured and marketed by it that aim to address diseases or ailments; Apple cancels decade-long effort to build an electric car, abandoning one of the most ambitious projects in the history of the company...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Paytm founder and CEO Vijay Shekhar Sharma resigns from the board of Paytm Payments Bank, One97 Communications also withdraws its nominee Bhavesh Gupta from the bank's board as a director and board member; Government says it has achieved 80% of its capital expenditure outlay as of early February and is on track to meet its revised outlay; SEBI says Essel Group's chairman Subhash Chandra is 'not cooperating' with its investigations; Religare Finvest, a wholly-owned subsidiary of Religare Enterprises, has cleared all its debts with external lenders...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to media reports; The latest Household Consumption Expenditure Survey shows that India’s poorest households have seen their per-capita spending grow faster than better-off households in the last decade, although on a lower base; Byju Raveendran in a letter to employees on Saturday denied media reports of his ouster as CEO; Ukrainian President Volodymyr Zelenskiy said his country has lost 31,000 soldiers since Russia’s full-scale invasion started two years ago...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nvidia rallies 16% to carry every U.S. market index to an all-time high; India's Monetary Policy Committee minutes show that officials are in no rush to change repo rates at the moment but external member JR Verma disagrees saying he doesn't believe such a high rate is required to drive inflation to 4%; Vodafone Idea plans to consider a fundraising proposal through multiple instruments in a board meeting next week; Tamil Nadu's government strongly opposes setting up an expert panel to examine the revival of Vedanta's Sterlite Copper plant in Thoothukudi...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Minutes of the last Federal Open Market Committee showed that officials are concerned over moving too quickly to cut interest rates; an NDTV Profit Exclusive: Hindustan Zinc is planning to spin off its business into two: one each for its zinc or lead and silver units; Paytm has shifted its nodal account to Axis Bank by opening an escrow account; SEBI might issue a show cause notice to Zee Entertainment next month in a fund diversion case; China begins drafting laws aimed at promoting the development of the private sector economy...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Tech stocks in the U.S. drag the nation's markets away from all-time highs even as traders await Nvidia's earnings report; India's benchmark indices ended higher for the sixth day in a row with the Nifty50 ending on a record high for the second time in a row; Hindalco's wholly-owned U.S. subsidiary Novelis files confidentially for IPO...All this and more on your daily podcast with Agam Vakil.
Indian markets continue to break records; NBCC wins order worth Rs 369 crore from multiple clients; Torrent Power to invest Rs 25,000 crore in Uttar Pradesh...All this and much more on your daily podcast by Agam Vakil.
Novartis AG initiates strategic review of Novartis India amid reports of putting India business on the block; RBI extends deadline for Paytm Payments Bank restrictions to March 15; Hero MotoCorp expects domestic two-wheeler industry to see double-digit revenue growth next financial year; Qatar says negotiations over Gaza cease-fire ‘not positive’...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Trade growth in January weathers Red Sea turmoil, bilateral talks inch ahead; RBI cracks the whip again, asks Visa to stop commercial card based business payments; Recession is not bad news for Japan’s stock markets - Nikkei rises 1.2% closes above 38000 for the first time since 1990...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Paytm says it received notices from ED; Hindustan Unilever plans to partner with Andhra Pradesh government for production of palm oil; NSE will conduct two special live trading sessions on March 2; Japan’s economy unexpectedly contracted for a second quarter at the end of 2023...…All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
The U.S. consumer price index rose more than forecast in January, both on a monthly and annual basis, core inflation came in hotter than expected; Wall Street saw sharp cuts with Dow Jones dropping over 500 points while the S&P 500 and Nasdaq declined 1.4% and 1.8% respectively; India and UAE conclude a bilateral investment agreement and signed cooperation agreements in electric interconnectivity, digital infrastructure projects and financial connectivity; Bharat Electronics bags order worth Rs 2,167.5 crore from the Indian Navy; China firmly opposes "illegal sanctions" in response to a proposal by the EU to impose restrictions on three Chinese firms in a bid to curtail Russia's war effort...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nvidia overtakes Amazon in market capitalisation at $1.78 trillion; U.S. stocks climb ahead of data expected to underscore further disinflation; MSCI adds four Indian stocks to its Emerging Markets Index in its February review; Asian markets return to trade after a long weekend; Indian markets see sell-off led by PSU stocks as bulls find no fresh triggers to keep prices high... All this and more on your daily podcast with Agam Vakil and Niraj Shah.
RBI may consider reviewing February 29 deadline for Paytm Payments Bank, if adequate customer deposits are not withdrawn; All three of India's oil refiners are in talks with Rosneft Oil to secure long-term supplies of Russian crude; EPFO has fixed the interest rate on deposits at 8.25% for the current financial year; LIC receives income tax refund order worth Rs 25,464 crore, and it is likely to be realised during the current quarter; U.S. President Joe Biden urges Israeli Prime Minister Benjamin Netanyahu to shield civilians in Gaza from an Israeli military operation in the southern city of Rafah…All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
Finance Minister Nirmala Sitharaman tabled a white paper on the Indian economy, highlighting the BJP-led NDA government's achievements in the past decade since it came to power; India is trying to end a moratorium on countries taxing electronic trade, a move that would allow tariffs to be imposed on anything from software downloads to video games; SEBI has asked several guests on Zee Business to repay Rs 7.41 crore in alleged unlawful gains made by taking positions contrary to their on-air advice…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
All eyes on the Monetary Policy Committee's decision on interest rates, with markets expecting no change in the status quo of the RBI's key lending rate; SEBI has come out with a proposal to relax timelines for disclosure of material changes by foreign portfolio investors; India's pharmaceutical sector reported healthy growth in January on a low base despite flat volume growth; Life insurers saw a rise in revenue growth in January, as compared with the previous year...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Paytm's Vijay Shekhar Sharma meets FM, but told to deal directly with RBI; Tata Group market cap crosses Rs 30 lakh crore; Max Life Insurance gets IRDAI nod to raise capital worth Rs 1,612 crore; Bloomberg reported that the Houthis said they targeted two ships in the southern Red Sea, the latest in several attacks....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
BJP to get 370 seats, NDA over 400, says Prime Minister Narendra Modi; U.S. stocks fell after data showed the Institute for Supply Management’s services gauge hit a four-month high; NCLT to hear Zee-Sony merger plea today;U.S.-based asset management firm Vanguard cuts Ola's valuation to below $2 billion; Hyundai is looking to raise at least $3 billion through an IPO later this year....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Jerome Powell says the FederalReserve would proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects; U.S. job market smashed expectations in January with a surprise hiring pick-up according to government data; Inadequate Know-Your-Customer procedures, which led to questionable transactions worth crores of rupees, was one of the major reasons for the Reserve Bank of India to impose stringent curbs on Paytm Payments Bank on January 31; Houthi rebels have promised to respond to U.S. and British-led airstrikes after dozens of targets of the Yemen-based rebel group were struck...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Interim Budget 2024 presented in the Parliament yesterday, and the Modi government delivered what many called a prudent, pragmatic spending plan; Byju's major investors call for Byju Raveendran, family's ouster from board; Bain Capital has earmarked $7 billion to invest in India over the next three to five years; U.S. equities gained on the back of strong earnings by tech giants...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Interim Budget will be announced today ahead of the general elections; In the U.S., the Federal Reserve decided to keep its policy rate unchanged at 5.25-5.50 in January, citing slowing economic activity, and easing but elevated inflation; Gross GST collections rose 10.4% year-on-year to Rs 1.72 lakh crore in January with the Finance Ministry saying the final collection for the month would be higher; RBI introduces further restrictions against Paytm Payments Bank after an external audit reported persistent non-compliances and continued material supervisory concerns in the bank...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
A day before the Union Budget, the IMF revised its forecast for India's growth to 6.7% in the current financial year, 40 basis points higher than its previous forecast; TCS signs a 15-year contract with Aviva to deploy the IT company's BaNCS-based platform to service 5.5 million Aviva customers; The NCLT has accepted a petition from Mad Men Film Ventures, a shareholder of Zee Entertainment Enterprises, regarding the merger with Sony Group Corp.'s Indian subsidiary that has been terminated; Saudi Arabia has resumed talks with the U.S. about forging closer defense ties after a pause following the start of the Israel-Hamas war...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
From today to Thursday, U.S. markets will see companies valued more than $10 trillion reporting their results - Microsoft, Alphabet, Meta Platforms, Amazon and Apple; Byju's set to raise $200 million through a rights issue at a steep valuation haircut; The U.S. wants cloud service providers like Amazon and Microsoft to identify foreign clients developing AI applications on their platforms; Elon Musk says the first human has received a brain implant from his startup Neuralink...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nitish Kumar takes his party, the Janta Dal United, out of the Opposition alliance only to join hands with the BJP; Tensions escalate in West Asia as Iran-backed militants killed three U.S. service members and wounded 25 others in a drone attack near the Syrian border, the attack pushed crude prices higher; Deloitte's credibility takes a hit after the company missed a major fraud at Nigeria's Tingo Group; China will halt the lending of certain shares for short selling starting today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
HDFC Bank may sell some assets on its loan book to release high-cost borrowings: Sources; Zee moves NCLT, seeks intervention to implement the merger with Sony; Tata Steel returns to profit in the third quarter; Bajaj Auto’s net profit surges 37%; General Insurance Council announces ‘Cashless Everywhere’ initiative which would allow policyholders to obtain cashless redressal of claims at all hospitals; U.S. business activity expanded in January by the most in seven months…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
S&P 500 rises to a fresh all-time high for the third session in a row; CCI approves Burman family's Religare Enterprises stake purchase; Axis Bank’s net profit rose 3.7% year-on-year for the third quarter; Netflix has acquired the exclusive rights to stream Raw, as well as other programming from WWE...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Sony confirms termination of merger with Zee; India cheers the consecration of the Ram Mandir in Ayodhya; BoJ is expected to keep its main monetary policy settings steady; The U.S. and U.K. launched new airstrikes against eight Houthi targets in Yemen…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Some of the world's largest tech companies saw their share prices surge, taking the Nasdaq 100 to its all-time high overnight; The number of Americans filing for unemployment fell last week to the lowest level in nearly 1-1/2 years; Indian equities continue to see heavy selling with foreign institutional investors selling Rs 9,660 crore in yesterday's session; Sony Group has called for a board meeting today, where it is expected to take a call on the $10 billion merger of its India operations with Zee Entertainment; NSE emerges as the world’s largest derivatives exchange in 2023...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Heavy selling in HDFC Bank dragged benchmarks lower by over 2%; Foreign institutional investors were the biggest sellers at a record amount of nearly Rs 10,600 crore; U.S. equities drop yet again in a third consecutive session; Houthis in Yemen continue to threaten the Red Sea passage, heightening geopolitical tensions; Sun Pharma enters into definitive merger agreement with Taro Pharma and will acquire the remaining 21.5% stake in the company...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Fitch Ratings affirms India's credit rating as 'BBB-', with a stable outlook; Union Minister for IT Rajeev Chandrasekhar has said that amended IT rules are set to be notified in the next 7-8 days as compliance with the advisory on deep fakes continues to vary; Watch out for reactions to HDFC Bank's Q3 results - its net profit rose 2.5% sequentially on higher provisions; U.S. Treasury yields rise above 4%, Wall Street has seen all three benchmark indices lose ground...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Houthi militants hit U.S.-owned commercial ship carrying steel products off the coast of Yemen; India's Ministry of Commerce says Indian trade has not experienced any major impact from the Red Sea crisis; DGCA issues SOPs to airlines regarding flight cancellations due extensive delays during adverse weather conditions, in response to incidents like the recent attack on a pilot inside an IndiGo flight on the runway in New Delhi; China might achieve only moderate growth according to a survey of economists released by the World Economic Forum...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Tata Consumer Products set to acquire 100% stake in Capital Foods and Organic India; Former Union Minister Milind Deora resigns from the Congress Party and joins the Eknath Shinde-led Shiv Sena faction; Maldivian President Mohamed Muizzu asks India to withdraw military personnel from the country by March 15; The U.S. economy could see an unexpected fiscal boost if lawmakers back a deal for $70 billion worth of tax breaks for businesses and families; IMF analysis suggests AI will affect at least 40% of jobs, with developed countries seeing as much as 60% of jobs affected…All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
U.S. and U.K. conduct strikes against Houthis in Yemen causing oil prices to rise marginally; U.S. December inflation data rose more than forecast on a monthly basis with core inflation rising more than anticipated; TCS and Infosys reported their Q3 numbers with the former seeing a 1.5% sequential rise in revenue to 60,583 crore, whereas the latter's revenue declined 0.44% sequentially to Rs 38,800 crore; FMCG distributors in Maharashtra set to boycott HUL's products unless the company restores the previous margin structures...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
TCS and Infosys kick off India's Q3 earnings season today; 10-year yield stayed over 4% as U.S. stocks ended positive; Crypto assets rise across the board after the SEC approves the first list of U.S. listed exchange traded funds to track bitcoin; Income Tax Department detects unaccounted cash sales worth Rs 1,000 crore after it initiated search and seizure operations against the Polycab Group; EaseMyTrip.com announces venture into insurance sector with launch of its subsidiary EaseMyTrip Insurance Broker...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
India's exporters are bearing the brunt of higher freight rates and insurance surcharges as Red Sea crisis deepens; World Bank leaves India's GDP growth forecast unchanged; the Competition Commission of India rejects complaint accusing PVR of abusing its dominant position; SEC clarified that a post saying Bitcoin had received regulatory approval to spot-Bitcoin exchange traded funds was fake...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global cues seem encouraging as Asia rebounds after Monday’s sell-off; Crude oil prices fell by 3.7% as Saudi Arabia announced price cuts; Overseas investors remained net buyers of Indian equities for the third consecutive session on Monday even though the net FPI buy number was a small Rs 16 crore...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
First advance estimate for India's GDP growth are out, estimated to grow 7.3% this year, up from the 7.2% provisional estimate for FY23; Maldivian government suspends three ministers for derogatory remarks against Prime Minister Narendra Modi on social media; India's regulatory system to monitor its bio-economy has not kept pace with innovation, impeding growth, according to Biocon's Kiran Mazumdar Shaw...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Islamic State claims responsibility for deadly Iran blasts; Bond yields in the U.S. rise sharply once more overnight; Grasim Industries sets Rs 1,812 per share as price for its Rs 4,000-crore rights issue…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Federal Reserve minutes show that officials intend to retain restrictive stance on rates until inflation clearly moves down sustainably; yields on the Treasury's 10-year bond briefly neared 4%; a blast at the grave of Iranian general Qasim Soleimani has left more than 100 dead and nearly 200 injured; Houthi militants continue to attack container ships in the Red Sea…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Truckers end stir after Centre says 'hit-and-run law decision after talks'; RBI likely to announce new benchmark 10-year bond next week; Adani Short Selling case: Supreme Court set to pronounce verdict today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
GST collections for December rose 10.3% to Rs 1.65 lakh crore compared to the same period last year; Hindustan Unilever has received GST demands from five states, amounting to nearly Rs 450 crore; Oil advanced as geopolitical tensions continue to rise in the Red Sea; Six buildings have collapsed with people still trapped inside in the aftermath of the 7.6 earthquake off Japan's Noto Peninsula…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Maersk stops using the Suez Canal route; Passenger vehicles lose steam, two-wheeler demand sustains; China’s factory activity shrinks for the third straight month; Queen Margrethe II of Denmark announces abdication...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI explains its rationale behind its cautious stance against unsecured retail credit; SEBI proposes a new approach to verify rumours in the stock market; Oil retreated for the fourth time in five sessions; U.S. weekly jobless claims rose by 12,000 to 218,000 last week, higher than estimated...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Oil prices fall slightly after posting largest drop in two weeks; India adds one crore new investors in 2023; Foxconn invests Rs 461 crore in Bengaluru unit; SEBI extends deadline to add nominees for mutual funds, demat accounts...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
US military strikes in Iraq and fresh attacks by Houthi militants on shipping in the Red Sea; Brent prices closed over 2% higher at above 81 dollars to the barrel; promoters of Adani Green Energy will invest Rs 9,350 crore into the company to reduce debt and fund capital expenditure; Byju's arm WhiteHat Jr. has been taken to court by U.S.-based not-for-profit firm Code.org over non-payment of due...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. markets sustain 8-week bull run; Global cues indicate quiet start to Indian markets; SEBI proposes instantaneous settlement in cash segment; Maersk prepares to return to Red Sea under U.S.-led protection...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.
RBI to conduct seven-day variable rate repo auction for Rs 1.75 lakh crore to provide cushion to banks; PM Narendra Modi says that the country is on the cusp of takeoff; Angola is quitting the OPEC following a dispute over oil production quotas...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Sony-Zee agree to discuss the extension of the merger date; RBI allows all card-issuing banks and financial institutions to offer card-on-file tokenisation; Byju's says FY22 earnings approved at AGM...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI steps in with regulations against the evergreening of loans by banks and NBFCs; Shipping costs could rise by between 10 and 30 percent in the coming days if attacks on shipping vessels in the Red Sea aren't brought under control; Accenture maintains its revenue growth guidance for the fiscal ending August 2024 but warned of near-term pain; Blackstone is looking to sell its entire 23.5% stake in Embassy Office Parks REIT via a mega block deal today... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Provisional advance tax collections, till December 17, increase 20% year-on-year to Rs 6.25 lakh crore; Government reduces windfall tax on domestically produced crude and the levy on diesel; HDFC Bank raises Rs 7,425 crore through maiden 10-year infrastructure bond issue…All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
Indian equities charge into uncharted territory; Fed officials push back on rate cut expectations; Tensions in the Red Sea; ITC's largest shareholder considering reducing stake...All this and much more on your daily podcast by Alex Mathew and Agam Vakil.
India files appeal against WTO panel report on tech tariff issue with EU; WPI: Wholesale prices rise for the first time in eight months; Hero MotoCorp approves acquisition of an additional 3% stake in Ather Energy...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Federal Reserve keeps interest rates unchanged at a 22-year high; COP28 nations agree to transition away from fossil fuels; India votes in favour of a UN General Assembly resolution demanding immediate humanitarian ceasefire in Gaza...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. consumer prices pick up in bumpy path down for inflation; India's retail inflation picks up in November; Bhajan Lal Sharma is Rajasthan's new chief minister...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Mohan Yadav to be the new Madhya Pradesh Chief Minister; Infosys CFO Nilanjan Roy resigns; J&K Bank launches QIP to raise Rs 750 crore; U.S. markets end higher ahead of important inflation print... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Vishnu Deo Sai set to be the new chief minister of Chhattisgarh; Power consumption increases by nearly 9% between April and November; SEBI looking to introduce the concept of 'fast track' public issuance for debt securities…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
MPC likely to maintain its status quo on RBI's key lending rate; Government directs all sugar mills to not use sugarcane juice for production of ethanol; Government's offer for selling up to 8% stake in IRCON International over-subscribed by institutional investors...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Crude prices fall to the lowest in six months; Paytm to bring down level of unsecured loans under Rs 50,000; Google announces launch of its newest AI model – Gemini; Bond yields in the U.S. continue to slide...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. job openings hit two-year low; 10-year Treasury yield falls to 4.18%; CBI files FIR, searches 13 locations over Rs 820 crore IMPS transactions in UCO Bank; Canara Bank to raise Rs 3,500 crore via issue of additional Tier-I bonds...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Cyclone Michaung intensifies into a severe cyclonic storm; U.S. stocks decline, yields inches higher; Byju Raveendran pledges his home to raise money for paying employees as the company battles a cash crunch; Rockstar Games releases the first trailer for GTA 6...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
BJP secured majorities in Hindi heartland states of Rajasthan, Madhya Pradesh and Chhattisgarh; Sole victory for Congress came in Telangana; NSE capitalisation topped $4 trillion last week; Bitcoin crosses $40,000 for the first time since May 2022; India refrains from signing COP28 Declaration on Climate and Health; Israel hits southern parts of Gaza Strip targeting Hamas leaders...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India's Q2 GDP grows 7.6% surpassing estimates as manufacturing spikes; OPEC+ agrees to surprise new oil supply cutback of 1 million barrels per day; Centre approves acquisition of 97 Tejas jets, over 150 Prachand choppers…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. charges Indian national in alleged assassination plot of Sikh separatist leader; Talks under way to extend Israel-Hamas truce; U.S. economy grew 5.2% in third quarter, more than first estimated; Foot Locker inks deal with Metro Brands, Nykaa to enter Indian market; Tata Technologies, Gandhar Oil and Feedback Financial Services to list on exchanges today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Berkshire Hathaway Vice-Chairman Charlie Munger dies at 99; All 41 workers trapped inside the Uttarkashi tunnel successfully rescued; TCS buyback set to open on December 1; Byju’s Taken To NCLT By BCCI; Aster DM Healthcare to split India, Gulf businesses in a $1-billion deal...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel, Hamas agree to extend Gaza truce for two more days; Gold prices jump to six-month high; Saudi Arabia seeks OPEC+ oil quota cuts; Maruti Suzuki to raise car prices from January; Raymond Chairman and MD Gautam Singhania assures employees that it is "business as usual" in the company...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
First day of Israel-Hamas truce; Global markets steady, yields see a marginal uptick; Pharma stocks under pressure but autos and energy see traction...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. crude stockpiles reach the highest levels since July; India looking into American allegations of a thwarted assassination plot to kill a Sikh separatist; New Delhi restores online visa services to Canadian nationals; Central Depository Services registers 10 crore demat accounts; TVS Motor forays into the Vietnamese market; American households see inflation accelerating to 4.5% over the next year according to a University of Michigan survey...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Fed sees further tightening if inflation progress insufficient: FOMC Minutes; Binance CEO Changpeng Zhao pleads guilty to federal charges, steps down; Israel govt approves hostage, prisoner exchange deal with Hamas; ED issues show-cause notices to Byju's parent company and founder, Byju Raveendran...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Altman, OpenAI saga takes another turn, with investors looking for his reinstatement; IREDA raises over Rs 600 crore from anchor investors ahead of IPO; Oil prices rise further on speculation of OPEC+ production cuts; BoE Governor warns of possible further interest rate increases..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
OpenAI investors are pressing for Altman reinstatement; Crude rises on possible extension of output cuts; No deal between Israel, Hamas: Bloomberg; Citigroup to start job cuts today...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI makes it costlier for banks, NBFCs to issue unsecured credit; Oil prices decline on higher inventories, technical factors; U.S. industrial production falls more than expected in October; Indigo retains pole position in aviation space, grabs share of over 62.6% in October...All this and much more on your daily podcast by Alex Mathew.
RBI bars Bajaj Finance from lending under its eCOM, Insta EMI Card products; TCS sets record date for Rs 17,000-crore buyback as November 25; Madhuri Jain, former director of BharatPe accused of siphoning funds from the company; U.S. Producer Prices unexpectedly declined in October; U.S. oil stockpiles rose 17.5 million barrels in last two weeks...All this and much more on your daily podcast by Alex Mathew.
U.S. CPI cools to 3.2% in October from 3.7% in the previous month; 10-year Treasury drops 19 basis points to 4.45%, Wall Street surges; India’s CPI falls to 4.87% in October on cooling core inflation; Sahara founder Subrata Roy dies on Tuesday aged 75; House of Representatives clears bill to avoid U.S. government shutdown...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
UN says shelling, ground attacks by Israel intensified around hospitals in Gaza City; Biocon’s profit more than doubles in second quarter; Hindalco profit remains flat, with revenue impacted by decline in copper prices; Bitcoin prices rise for a fourth consecutive week, near 18-month high...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Jerome Powell says Fed will tighten policy further if appropriate; Two Fed Officials say U.S. economy hasn’t felt full effect of past rate hikes; Moody’s Investors Service says India more resilient to external shocks; Moody’s upgrades Tata Motors, JLR to ‘Ba3’ with positive outlook; Israel to enact limited and temporary pauses to allow civilians to escape…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Crude prices continue to fall, with brent crude now below $80 to the barrel; Maharashtra government to acquire Air India building in Nariman point for Rs 1,601 crore; Lupin net profit triples in Q2; Lok Sabha ethics committee to recommend Mahua Moitra’s expulsion…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Central government tells social media companies to act on deepfakes; RIL to launch bond issue to raise up to Rs 20,000 crore; IndiGo to ground 35 aircraft in Q4 on engine trouble; Crude oil drops sharply on China trade data, uncertainty about Fed move…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wipro to mandate three days of work from office post Diwali; Bajaj Finance board approves QIP of Rs 8,800 crore; QIP opened on Monday; U.S. President Biden discussed ‘tactical pauses’ in fighting with Israel’s Netanyahu; Pentagon deploys nuclear powered attack submarine into Persian Gulf in show of force; Foreign investors slowly venture back to China’s onshore equity market…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Air pollution situation worsens in Delhi, Mumbai; Tata Motors clocks fourth straight profit but misses estimates; Bajaj Finance to issue Rs 1200-crore warrants to parent Bajaj Finserv; Israel steps up the ground offensive, surrounds Gaza City; U.S. markets soar on hope of an end to Fed rate hike cycle…All this and much more on your daily podcast by Tushar Deep Singh and Niraj Shah.
Fed keeps rates unchanged, hints that rate hikes may be over; U.S. yields fall on Treasury’s plan to slow the pace of increase in long-term bond sales; Tata Steel reports shock loss of Rs 6,511 crore after hit from restructuring U.K. operations; Kantar says turnaround in FMCG sector now likely: Report…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Yemen’s Houthis declare war on Israel: Report; Fed meeting outcome eyed – rates expected to stay unchanged; Eurozone inflation cools to two-year low, suggesting rate hikes may be over; L&T reports blockbuster results in Q2 with PAT rising 37%; Government hikes windfall tax on domestically produced crude…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Bank of Japan policy decision eyed as it could allow bond yields to rise above 1%; Arbitration panel rules in favour of Tata Motors in Singur Nano Project case; SAT overturns regulatory ban on Punit Goenka; Israel promises increase in aid flow as ground operations increase…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel sends troops, tanks into northern Gaza Strip; Equity markets to focus on outcome of Fed meeting, Israel-Hamas conflict; RIL Q2 results broadly in line; PAT rises 8.6% sequentially; AU Small Finance Bank announces merger with IPO-bound Fincare SFB…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. economy grows at fastest pace in two years in Q2; U.S. bonds rally, stocks drop as big tech loses more ground; Indian equities heading for the biggest weekly drop of 2023; Reliance Industries Q2 earnings eyed...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equities see continued selling with Nasdaq falling most in 2023; Tech Mahindra, Axis Bank, Jubilant Foodworks report Q2 earnings, among others; Nestle India won’t roll back price increases to gain market share, management says; India to resume visa services in Canada…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Xi Jinping moves to support China’s economy issuing more sovereign debt, raising budget deficit ratio; Byju’s CFO Ajay Goel quits to move back to Vedanta; U.S. government’s deficit doubled in the year to September; Microsoft, Alphabet post results for the second quarter; Meta sued by California, group of over 30 states for allegedly feeding teens harmful content...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
BMC takes measures to curb air pollution in Mumbai; Timing of ground invasion into Gaza by Israel remains uncertain; Foreign Minister S Jaishankar defends recent actions in row with Canada, says parity is sought; ICICI Bank reports better-than-expected PAT in Q2, Kotak Mahindra Bank’s PAT is in line…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed Chair Jerome Powell hints at pause at next policy meet, but keeps door open for another hike; HUL reports in line PAT, though volume growth slows to lowest in six quarters; ITC reports margin miss on sustained input cost inflation; SEBI releases new rules governing borrowing requirements for large companies; U.S., Asia markets drop in continued risk off sentiment globally…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. vetoes UN Security Council resolution calling for humanitarian pause in fighting in Gaza; Equity markets lose ground as fears of the conflict spreading remain; Iran calls for oil embargo on Israel; Tata Group announces merger of Air Asia with Air India Express; Bank of Baroda terminates some employees, puts others on leave in BoB World case…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Hundreds killed in Gaza hospital after explosion; Israel denies responsibility; U.S. puts more troops on alert for potential deployment in West Asia ahead of Biden’s Israel visit; U.S. retail sales exceed all expectations in September, boosting bets of a rate hike in January; Finance Ministry cuts the windfall tax on domestically produced crude, diesel and ATF; Global equity markets are muted, bond yields move higher…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
HDFC Bank's net profit stood at Rs 15,976 crore, beating estimates; SC holds that telecom companies’ licence fees must be classified as capital expenditure in setback; Cost of transporting crude surges across all global maritime routes; Supreme Court expected to give verdict on legality of same-sex marriages today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S., allies increase efforts to prevent Israel-Hamas conflict from spreading to other regions; Safe haven demand seen at the start of the trading week amid geopolitical tension; Avenue Supermarts’ net profit misses estimates in Q2, falls 9%; TCS fires 16 employees, bans six vendors after investigation into jobs-for-bribes scam…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Infosys, HCL Tech cut their revenue guidance for FY24 in setback for IT stocks; India’s CPI inflation cools to 5.02% in September on easing vegetable prices; India terms Hamas attack on Israel “terror attacks”, but reiterates stance on Palestine; U.S. CPI rises at brisk pace for second month, pushes Treasury yields higher…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
TCS’ Q2 revenue disappoints, but PAT is in line on better-than-expected margins; TCS announces share buyback of up to Rs 17,000 crore; Reports suggest Naveen Jindal’s Jindal Power has expressed interest for insolvent GoAir; U.S. PPI comes in hotter than expected, but markets stay sanguine…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. bond yields cool further on more dovish comments by Fed officials; TCS to kickstart earnings season for IT majors; CBDT to achieve and exceed tax targets set in Budget 2023, says Chairman to BQ Prime; RBI bans Bank of Baroda from onboarding new customers on mobile application; President Biden calls Hamas strike on Israel “act of sheer evil”... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israel-Hamas conflict escalates, PM Netanyahu vows to “change the Middle East”; Pharma sector reports low single-digit volume growth in India in September; LIC continues to lose market share in September; U.S. bond yields cool sharply on dovish Fed comments, haven buying...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
PM Netanyahu says Israel “at war” after Hamas attack on Saturday; Dollar advances, crude prices surge on heightened geopolitical tensions in West Asia; GST Council discuss issue of tax demand to online gaming companies with no outcome;
SEBI clears launch of MCX’s Commodity Derivatives Platform; IT Stocks in focus ahead of Q2 results...All this and much more on your daily podcast by Alex Mathew.
RBI MPC seen keeping rates unchanged in hawkish pause; Crude prices cool further on demand concerns; SBI Chairman Dinesh Khara receives extension, sources say: BQ Prime Exclusive; Tata Motors’ JLR says it will return to positive free cash flow of 300 million pound sterling in Q2…All this and much more on your daily podcast by Alex Mathew.
Brent crude slides to $86/barrel after weak U.S. data, rise in inventories at Cushing; RBI approves merger of Slice and North East Small Finance Bank: Sources; Lenders allege money for Jet Air buyout came from unknown sources; Jubilant Foodworks refutes reports that it has cut prices of large pizzas…All this and much more on your daily podcast by Alex Mathew.
U.S. Treasury yields spike as job openings in the U.S. unexpectedly increased; Nestle India to consider stock split later this month; Vedanta to sell iron ore, steel assets to repay $4.9 billion; Government’s stake sale in IDBI Bank may not go through this year…All this and much more on your daily podcast by Alex Mathew.
India’s GST collection in September rises 10% to 1.63 lakh crore; UPI transactions cross 10 billion mark for second month in a row in September; IMD says India’s rainfall in the monsoon season was near normal; Katalin Karikó and Drew Weissman win Nobel Prize for Medicine…All this and much more on your daily podcast by Alex Mathew.
Accenture guides for weaker-than-expected revenue growth in financial year to August 2024; Nikhil Kamath says it is more appropriate to value Zerodha at Rs 30,000 crore; Air India ropes in Manish Malhotra to design new uniforms; China’s Evergrande Group says chairman is suspected of crimes…All this and much more on your daily podcast by Alex Mathew.
Brent crude rises above $95 to the barrel as U.S. inventories drop; U.S. government likely heading for shutdown this weekend as no late deal seen; Vedanta nearing deal to spin off individual businesses into several listed entities: Report; Dixon Tech signs deal to make Xiaomi phones and devices…All this and much more on your daily podcast by Alex Mathew.
Foreign Minister Jaishankar warns leaders at UN that political convenience must not determine responses to terrorism, violence; Government extends export benefits under RoDTEP scheme for one year; Dilip Shanghvi, Suzlon Energy mutually ended formal shareholders agreement; Byju’s could lay off more employees as part of efforts to cut costs further…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Government issues rebuttal to Moody’s Investors Service claims on Aadhaar; NSE seeks approval from SEBI for extended equity derivatives trading; RBI imposes penalty of Rs 1.3 crore on State Bank of India; Evergrande Group’s problems worsen in China after failed onshore bond repayment…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Apple plans five-fold increase in iPhone production in India; 30 out of 40 applicants in government’s IT hardware PLI scheme to qualify; ICICI Lombard General Insurance to get new MD & CEO; Hollywood studios, writers getting close to an agreement after months of standstill…All this and much more on your daily podcast by Alex Mathew.
JP Morgan to add India government bonds to emerging market index; Glenmark Pharma to sell 75% stake in life sciences subsidiary to Nirma; India-Canda spat won’t have impact on investments in India: Government official; BoE pauses most aggressive rate hike cycle in three decades…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed keeps policy rate unchanged, but hints at a rate hike this year; Yield on U.S. 2-year Treasury rises to highest since 2006; Lok Sabha passes women’s reservation bill; Manipal Hospitals announces acquisition of 84% stake in Emami-owned AMRI Hospitals…All this and much more on your daily podcast by Alex Mathew.
Global equity markets trade lower; Fed rate decision eyed; India, Canada tensions ratchet higher after Trudeau remarks; HDFC Bank guides for higher bad loans, lower margins; Brent crude briefly tops $95/barrel, U.S. 10-year Treasury at 2007 high…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed rate decision eyed in curtailed trading week; Tata Steel, UK reach decision on overhaul of Port Talbot facility; India, Brazil to mutually resolve dispute on sugar at WTO; Country Garden has major debt repayment test lined up today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
GST collections set to be robust as e-way bill collections hit record in August; ICRA says banking sector to see solvency at best level in eight years; International Energy Agency sees significant supply shortfall for oil; China cuts cash reserve requirements for banks in bid to spur economy…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Special 5-day session of Parliament to be conducted next week; Cabinet approves eCourts Project Phase III with allocation of Rs 7,210 crore; Bombay Dyeing to sell 22-acre Worli land to Japan’s Goisu in India’s largest land deal; Apple to start local manufacture of iPhone 15 Plus in India: Report…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s retail inflation cools more than anticipated in August; IIP rises more than anticipated in July at 5.7%; Apple introduces Type-C USB ports for new iPhone, Watch; U.S. Justice Department alleges Google spends $10 billion globally to defend monopoly…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Nifty 50 hits 20,000 mark in trade, closes just shy with gains of over 10% in 2023; Kotak Institutional Securities drops mid-, small-cap recommendations citing “irrational exuberance”; L&T raises buyback price; Apple to unveil new iPhone today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s G20 presidency forges “New Delhi Declaration,” which achieved complete consensus; PM Narendra Modi announces launch of historic India-Middle East-Europe economic corridor; PM Narendra Modi reiterates call for India’s inclusion into UN Security Council; RIL, Tata Group tie up with Nvidia…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
China to expand ban on iPhone usage in sensitive departments: Report; G20 Summit 2023 under India’s presidency set to kick off this weekend; Life insurers see subdued August, led by LIC; Foxconn and STMicro applying for state support for 40-nanometer plant in India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI Governor launches four new features on UPI, including line of credit; TCS signs 800-million-pound deal with JLR; Reliance Retail buys 51% stake in Alia Bhatt’s Ed-a-mamma; U.S. economy may be growing faster than anticipated…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
OPEC+ leaders Saudi Arabia and Russia prolong oil supply curbs by another three months.; Brent crude hits $90 a barrel for the first time since November; Asian stocks trade mixed following a fall in U.S. shares; TRAI makes four recommendations for FM radio channels; SEBI to introduce one-hour settlements by the end of the financial year…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Hero MotoCorp to invest Rs 550 crore in Ather Energy’s rights issue; Cipla arm to acquire South Africa’s Actor Holdings for $48.6 million; PM Modi meets with Nvidia Founder Jensen Huang; India’s power consumption grew 16% on year in August…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Uday Kotak announces resignation as MD & CEO of Kotak Mahindra Bank; Government cuts windfall tax on crude, raises levy on diesel and aviation turbine fuel; CCI approves Air India merger with Vistara; ‘I love you Rasna…’ but… Rasna admitted to NCLT…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s GDP rose 7.8% in Apr-Jun, in line with expectations; IMD sees rainfall recovering somewhat in September; UPI crossed 10 billion transactions in August; Jalan-Kalrock consortium paid Rs 100 crore to lenders for Jet Air…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
38 companies indicate interest in government’s PLI scheme for laptops; ICICI Bank says net interest margins to contract in FY24; U.S. GDP rises at revised 2.1% in Q2; China’s Country Garden posts record loss, may default on debt…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
S Jaishankar junks China’s territorial claim over Arunachal Pradesh, Aksai Chin; Cabinet approves cutting price of domestic cooking gas cylinder by Rs 200; Softbank Group’s SVF Growth Singapore to sell 1.17% Zomato stake; Japan could approach WTO over China’s seafood import ban; U.S. job openings fall to two-year low in July in signs of cooling job market…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India poised for lowest monsoon rains in 8 years: Report; Raw sugar futures hit 2-month high as India is seen curbing exports; Mukesh Ambani elevates three children to board as non-executive directors; Coinswitch lays off 44 employees in bid to “right-size” customer support team; Foxconn Founder Terry Gou enters race for President in Taiwan…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Government contemplates raising PSU Bank Chairpersons’ tenure; Government receives proposal to add EVs to priority sector lending category; Export of basmati rice below $1,200 banned; SEBI proposes banning regulated entities from associating with unregistered finfluencers...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equities drop, yields rise ahead of Fed Chair Jerome Powell’s Jackson Hole address; Trump turned himself in at Fulton County Jail in Atlanta, Georgia; India’s inflationary pressures to plateau in 2-3 months, says government official; Government hoping to reduce market borrowing as small savings schemes deposits rise; PM Modi, Chinese President Xi Jinping speak on sidelines of BRICS, agree to resolve border dispute...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India on the moon! Chandrayaan-3 a soaring success; Qatar Investment Authority buys 0.99% stake in Reliance Retail Ventures; Russia’s Wagner Chief Yevgeny Prigozhin presumed dead in plane crash; U.S. equity markets gain on tech-led enthusiasm...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Chandrayaan-3 soft landing attempt to take place this evening; SEBI bars Brightcom Group’s Suresh Kumar Reddy, Narayan Raju from company boards; Adani Total Gas arm to set up EV charging facility in partnership with Prakriti e-Mobility; At BRICS summit PM Modi calls for more countries to adopt UPI...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Onion traders ask government to introduce floor price for new export duty: Report; L&T wins large contract for process modules in Australia; Byju’s Senior Vice President, international operations, Cherian Thomas quits; U.S. stocks gain, Asian equities start mostly positive…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RIL’s JFS set to list on Indian exchanges today; Government seeks to raise quantum of onion buffer to 5 lakh tonnes; Murugappa family, Valli Arunachalam find out of court settlement; Russia’s Luna-25 spacecraft crashes into moon ahead of Chandrayaan attempt...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI sees retail inflation above 6% in Q2, even as core inflation eases; Government moves to ban bulk SIM connections; China’s Evergrande files for Chapter 15 bankruptcy in U.S.; Risk-off sentiment continues globally; Asia markets start lower...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed minutes show officials remain concerned about inflation; GQG Partners, associates pick up 8.1% stake in Adani Power; Foxconn to start making iPhone 15 in India: report; One of China’s biggest shadow banks skipped payments on several investments...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
PM Narendra Modi promises rapid economic growth over next five years in Independence Day address; InterGlobe Aviation promoters Rakesh and Shobha Gangwal to sell stake worth up to $450 million; Infosys strikes fresh 1.5-billion-euro deal with Liberty Global with extension clause; People’s Bank of China unexpectedly cuts key lending rate by most since 2020; Russia’s central bank raises policy rate sharply to counter ruble depreciation…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IIP growth slows to 3.7% in June; Samir Arora's Helios Capital gets SEBI nod to launch mutual fund…All this and much more on your daily podcast by Alex Mathew.
Benign U.S. inflation in July points to possible pause by Fed; HCL Tech wins massive deal from Verizon Communications; Hero MotoCorp net profit rises 32% on better realisations; LIC net profit jumps despite unchanged premium income...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI halves listing timeline post IPO to T+3 days; Union Cabinet approves changes to GST relating to online gaming, casinos, horse racing; Axis Bank agrees to buy additional 6.23% stake in Max Life; Country Garden collapse could be worse than Evergrande crisis...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Moody’s lowers ratings for 10 small, midsize U.S. lenders; Ananya Birla’s Svatantra Microfin to buy Sachin Bansal’s Chaitanya India Fin Credit; MPL to fire 350 employees, or about half of its workforce; China exports drop the most since Feb 2020 in July...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Rajya Sabha passes Delhi Services Bill, with 131 votes in favour, 102 votes against; Qatar sovereign wealth fund arm buys 2.7% stake in Adani Green Energy; Godrej Consumer Products reports 7.6% fall in net profit, misses estimates; China sees rare period of falling prices – a cause for concern...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
All eyes turn to the RBI ahead of MPC meet to decide on rates; PM Modi lays foundation stone to redevelop 508 railway stations; Central government could raise dearness allowance to 45%; Hiring by IT majors could fall 40% this financial year: Report...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India imposes import restrictions on some electronic goods; Union government introduces Digital Personal Data Protection Bill, 2023; SEBI puts IPO of NSDL on hold; Dabur India rejects report that its honey has cancer-causing substances…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Morgan Stanley upgrades India to Overweight; U.S. markets see heavy selling post credit rating downgrade, hot jobs data; Key recommendations of the 51st GST Council Meeting; ED says it found currency, jewellery worth Rs 25 cr in raids on Pawan Munjal, others; Titan misses Q1 profit expectations, Interglobe Aviation surpasses estimates…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fitch cuts U.S.’ AAA credit rating on back of political battles over debt; Hero MotoCorp sales fall 12% in July; 88% of Rs 2,000 notes are returned or exchanged so far; 6.77 crore Indians filed their tax returns this year, 16% more than last year; Donald Trump indicted on multiple federal charges…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s eight core infra industries grow 8.2% in June; Fiscal deficit stands at 25.3% of full year estimate post Q1; CBDT detects Rs 1.3 lakh crore in GST evasion; Maruti Suzuki to buy Gujarat plant from parent, Suzuki; Foxconn to build two component factories in India – announcement likely this week: Bloomberg...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
China to announce new measures to boost consumption; Today’s the deadline to file your IT-return! 6 crore returns filed so far, says the IT Department; Jindal Stainless seeks government intervention to check alleged dumping by China; Bajaj Auto to set up manufacturing plant in Brazil...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. economic growth shoots past estimates, with 2.4% annualised GDP growth in Q2; ECB raises rates by 25 bps, as expected; Lagarde says policymakers have open mind on pausing rate hikes; Bajaj Finance troubled by amount of personal loan growth; Bank of Japan reportedly to consider tweaking yield curve strategy, stocks decline...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed raises interest rates by 25 basis points to highest in 22 years; U.S. economy set to avoid recession, according to Congressional Budget Office estimates; IMD gives “red alert” for Mumbai, suburban areas till Thursday afternoon; Asian markets move higher after mixed U.S. trade, 2-Year Treasury yields move lower...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global markets trade cautiously ahead of Fed rate decision; IMF revises India’s growth forecast upwards to 6.1% in FY24; Tata Motors to cancel DVR share, will issue 7 ordinary shares for every 10 held; L&T to buy back shares worth Rs 10,000 crore...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI working to bring instant settlement to India’s equity market; SEBI to re-examine the delisting regulations, reverse book-building process; Tata Steel’s net profit slides 92% in Q1, beats analyst estimates; China moves to support real estate sector, stops short of announcing broad-based fiscal stimulus...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Flood warning in New Delhi as Yamuna crosses danger mark; Orange alert in Gujarat with MET department warning of heavy to very heavy rainfall; Bain Capital to buy out Adani Group stake in Adani Capital, Adani Housing; RIL reports revenue, profit decline in Q1; ICICI Bank net profit grows nearly 40% on year in Q1, ahead of expectations; Twitter to lose its blue bird logo in favour of an X...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Infosys sharply cuts revenue guidance, sees ADR drop over 9%; HUL reports in line growth in profit, revenue even as volume growth slows; India bans export of non-basmati white rice to protect domestic prices; U.S. applications for unemployment benefits fall to lowest in two months; Ukraine warns it will attack Russian ships in Black Sea in tit-for-tat response...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RIL demerger record date today – special pre-open session to price RIL share at 9 am; Infosys to announce Q1 earnings later today; Krensavage Asset Management opposes Sun Pharma’s bid to acquire Taro Pharma; Rio Tinto’s second-quarter shipments of iron ore fall 1% on year; Wheat futures rise as Russia says all vessels in Black Sea heading to Ukraine to be considered carriers of military cargo…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
G20 Finance Ministers and Central Bank Governors don’t agree on joint communique; SC to take up Rahul Gandhi appeal challenging defamation conviction on Friday; One out of five Indian unicorns could be acquired or will shut down, says Redseer; Foreign investors continue to pile into India’s equity market...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Jio Financial Services to be included in Nifty 50, Sensex, other indices on July 20; Zee Entertainment appoints interim committee to run daily affairs; Punit Goenka says Zee-Sony merger to go through as planned; Infosys wins $2 billion order to provide AI and automation services over 5 years…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s trade deficit narrows to $20.1 bln in June as both exports, imports fall; Maharashtra approves Adani Group’s bid for redevelopment of Dharavi; Ministry of Finance raises windfall tax on domestically produced crude to Rs 1,600/tn from nil; HDFC Bank, LTIMindtree results in focus…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wipro Q1 revenue declines 1.5%, but it raises guidance; India’s Defence Acquisition Council approves purchase of French submarines, jets; U.S. producer prices barely rise in June, job market stays resilient; Byju’s appoints former SBI Chairman Rajnish Kumar, Mohandas Pai in advisory council…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. inflation slides to more than two-year low of 3%; India’s retail inflation spikes to 4.81% in June as food inflation heats up; TCS, HCL Tech post muted earnings in Q1; Ajay Singh to pump in Rs 500 crore into SpiceJet…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
GST Council agrees to levy 28% tax on full face value of bets in online gaming, casinos, horseracing; Tax on food and beverage bought with a movie ticket cut; Tata Group close to a deal to buy Apple supplier’s factory in Karnataka – Bloomberg report; Russian oil supplies start to see drop in week to July 9...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s direct tax collections rise 16% so far this financial year; Foxconn exits JV with Vedanta, which says it is still committed to semiconductor plan; Wadia Group could bid for Go First along with PE, alternative investment funds; U.S. consumer borrowing slows to two-year low in May...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Heavy rainfall warnings in several parts of North India; Delhi schools shut; FIIs continue to buy Indian equity, with total purchases in July near Rs 22,000 cr; RIL sets record date for demerger, listing of financial services arm; Bajaj Auto announces plan to ramp up Triumph manufacturing capacity...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. stocks fall, Treasury yields spike to highest level since 2007; Data points to resilient jobs market in U.S., building bets of Fed hawkishness; Titan projects 20% revenue growth in Q1 driven by jewellery business; Union Minister Nitin Gadkari says draft notification to mandate ACs in trucks is approved...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
JSW Steel to replace HDFC on Sensex starting July 13; Marico hurt by tapering price growth, weak volumes particularly in rural market in Q1; New rules may help you choose between card network issuers, i.e. Visa, MasterCard, Rupay; Reliance Jio Infocomm could sign $1.7 billion agreement with Nokia for 5G equipment; Union Cabinet approves draft Data Protection Bill – to be tabled in Monsoon Session…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
LTIMindtree to replace HDFC on Nifty 50; Samvardhana Motherson International to acquire majority stake in Japan’s Yachiyo Industry; Tomato prices ratchet up to Rs 155 in some cities; Harish Salve calls on Supreme Court to curb powers of ED…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IDFC First Bank approves merger with IDFC Ltd; IndusInd Bank promoters to raise stake in bank to 26% from 15%; Indian refiners contemplate paying for Russian oil in Yuan; China restricts exports of gallium, germanium – both crucial for semiconductor manufacturing…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Ajit Pawar swears in as Maharashtra’s 2nd Deputy CM, breaks from Sharad Pawar; U.S. consumer spending fizzles in May, points to slower economic growth; Pan Gongsheng appointed as new party chief of People’s Bank of China; Twitter imposes temporary daily limit on number of posts users can read; Equities could see selling pressure at elevated levels…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
TCS breaks silence on jobs scam; Byju’s founder admits to mistakes; Fresh U.S. FDA issues at Aurobindo; Brazil sticks to 3% inflation target; Japan’s inflation re-accelerates…All this and much more on your daily podcast by Tushar Deep Singh and Niraj Shah.
ICICI Prudential Life gets GST demand notice; Zee’s Subhash Chandra holds only titular chairmanship; CP Gurnani’s salary halves in FY23 on eroding profit; Janet Yellen plans China visit next month…All this and much more on your daily podcast by Tushar Deep Singh and Niraj Shah.
Uneasy calm after Russia coup attempt; Go First gets interim financing under insolvency; Mumbai comes to grinding halt after first rains; Ideaforge IPO to open today…All this and much more on your daily podcast by Tushar Deep Singh and Niraj Shah.
PM Modi’s day of deals, democracy, and diplomacy in the U.S.; Accenture’s results point to more pain for Indian IT; Byju’s cup of woes fills to the brim; RBI’s inflation fight is far from over…All this and much more on your daily podcast by Tushar Deep Singh and Niraj Shah.
Day 2 and 3 of PM Modi's U.S. visit; TCS' $1.9-billion deal with the U.K.'s Nest: Sony-Zee merger story continues to unravel; Intel to sell 20% stake in Austrian chipmaking unit; Fed's Jerome Powell strikes a hawkish tone in House testimony…All this and much more on your daily podcast by Tushar Deep Singh.
PM Modi to begin three-day tour of U.S. today, beginning with commemoration of International Yoga Day; Indian government approves semiconductor testing, packaging unit planned by U.S.’ Micron Technology: Report; Hunter Biden to plead guilty to two charges of misdemeanour for failing to pay income tax; Mark Mobius overweight on India, to boost exposure to 20-25% from 15%...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IIFL Securities barred by SEBI from onboarding new clients for two years for misusing clients’ funds; Abrdn Investment Management to sell complete 10.2% stake in HDFC AMC; Timken Singapore to sell 8.4% stake in arm Timken India for at least Rs 3,920 crore; Byju’s proceeds with layoffs, will fire 1,000 permanent employees; U.S. President Joe Biden says progress made in easing ties with China post Blinken visit…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Advance tax collections in first quarter rise 13.7% to Rs 1.17 lakh crore; Kharif sowing delayed on account of slow progress of monsoons; Tata Steel plans Rs 16,000 crore capex in current financial year; IndiGo likely to buy 500 more planes from Airbus SE; Asian markets begin mixed, SGX Nifty points to flat start…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Cyclone Biparjoy weakens in strength after making landfall in Gujarat, but causes destruction; India clears purchase of 30 armed drones from U.S. in a first-of-its-kind deal; India’s domestic air traffic rises 15% in May; Indigo gains market share; ECB raises rates as anticipated and points to one more lined up…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed decides to keep policy rate unchanged, but signals more hikes to curb inflation; Oil prices fall on higher U.S. crude stockpiles, Fed’s hawkish tone; Akasa Air reportedly looking to raise $75-100 million in fresh share issue; U.S., Asian stocks trade mixed, SGX Nifty indicates muted start…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. CPI rises 4% in May, the slowest pace since March 2021; SEBI issues regulations for execution only platforms handling MF investments; Accenture doubles down on investment in AI, lays out $3 billion; Former U.S. President Donald Trump pleads not guilty on 37 federal charges; U.S., Asian stocks march higher on expectations of a Fed pause…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI says Subhash Chandra, Punit Goenka of Zee Entertainment prima facie siphoned funds for their own benefit; India’s retail inflation cools to lowest since April 2021 in May; India’s IIP rises 4.2% in April, up from 1.7% growth in March; Government imposes stockholding limits on wheat with immediate effect…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Global investors seen cautious ahead of Fed policy outcome; Cyclone Biparjoy to make landfall between Kutch, Porbandar on June 15; Jaguar on track to become all-electric luxury brand by 2025, says N Chandrasekaran; SGX Nifty indicates positive start to trading week in India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Crude oil sees wild swings on speculation of U.S.-Iran nuclear deal; Canada Pension Plan Investment Board looks to sell 1.7% in Kotak Mahindra Bank; U.S. unemployment benefits jump to highest since October 2021 in week ended June 3; U.S. stocks close strong, Asia markets begin positive…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI Monetary Policy Committee’s rate decision on the cards; Banks begin to cut deposit, loan rates even as RBI’s policy rates stay unchanged; Government hikes MSP for kharif crops; LIC increases stake in Tech Mahindra to 9%; Nifty 50 inches closer to life highs, but is set for flat start…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
World Bank cuts India’s FY24 GDP growth forecast to 6.3%; Sequoia Capital breaks away from China, India partnerships; U.S. Secretary of State Antony Blinken plans visit to China; Ukraine accuses Russia of destroying giant dam; Indian equity markets poised for positive start…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. SEC accuses Binance and its CEO Changpeng Zhao of mishandling customer funds; Bitcoin cracks 6.5% to $25,491; Civil Aviation Minister Jyotiraditya Scindia asks airlines to ensure reasonable pricing; Adani Group completes $2.65 bln deleveraging programme; Spotify to lay off 200 employees; Indian equity markets get set for rangebound trade…All this and much more on your daily podcast by Alex Mathew.
OPEC+ agrees to deal that sees Saudi Arabia cut output by 1 million barrels per day; Onset of monsoons delayed, seen hitting Kerala in 3-4 days; Tata Group to build giga factory for lithium-ion cells in Gujarat; Economic data, monetary policy review in focus this week; Equity markets poised for a positive start at the beginning of the week…All this and much more on your daily podcast by Alex Mathew.
India’s GST collections come in at Rs 1.57 lakh crore in May, 12% higher on year; U.S. Senators reach deal to expedite passage of debt-ceiling deal; RBI to conduct VRRR operation today to suck out excess liquidity; Info Edge initiates forensic audit into Rahul Yadav’s 4B Networks…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s GDP growth handily beats estimates in Q4 at 6.1%; Government meets revised fiscal deficit target of 6.4% of GDP in FY23; Growth of eight core industries remains flat in April; Government to sell 3% stake in Coal India via offer for sale today; U.S. job openings rise more than expected, raising bets of a Fed hike…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI Chairperson asks MF industry body to set up ethics committee to stop individual misdemeanours; Go First extends cancellation of flights till June 4; BlackRock cuts Byju’s valuation again, this time by 62%; Nvidia is propelled into $1 trillion club briefly…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI Governor tells private bank directors to ensure strict corporate governance, warns of lapses; India’s urban unemployment rate fell to 6.8% in Jan-Mar from 8.2% a year ago; China rejects U.S. request for meet between defence chiefs; U.S. stock futures point to positive start, Asia shares mixed…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
President Biden, House Chair McCarthy agree to suspend U.S. debt ceiling; Prime Minister Narendra Modi inaugurates new Parliament building; SEBI likely to ease regulations for VC, PE funds; U.S. stock futures point to strong start to trading week, Asia stocks rise...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Differences between White House, Republicans narrow; vote likely on Tuesday; Chinese economy not growing as fast as previously thought; Vodafone Idea net loss narrows sharply, revenue in line with expectations; Investors from 21 countries exempt from angel tax…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s FDI flows declined in FY23 for the first time in a decade; Go First filed caveat petitions against four lessors before the Supreme Court; SpiceJet preferential share issue to lessors may be at twice current valuation: Report; LIC Q4 profit surges 4.7 times to 13,428 crore; U.S. stocks decline, markets in Asia Pacific subdued…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
GQG Partners’ Rajiv Jain says not surprised with SC panel report in Adani-Hindenburg case; FM Sitharaman pitches for India as maintenance, repair hub for Boeing; Stalemate in talks between White House, Republicans with deadline drawing close; U.S. stocks decline, early risers in Asia Pacific region begin lower…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI projects GDP growth at 7.6% in Q1 FY24; NCLAT dismisses appeal by Go First’s lessors against its admission to insolvency; Jio adds over 3 million subscribers in March, beating Airtel; Vi loses subscribers; Biden, McCarthy meet to discuss debt ceiling, but no deal yet…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
EV 2-wheelers to get costlier as subsidies reduce starting June 1; Rs 2000 note to remain legal tender post deadline; Samir, Vineet Jain agree to split Times Group; Instagram to launch Twitter-like app by end-June…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
SEBI launches consultation paper on TER for mutual funds, proposes uniform ratio; S&P Global Ratings affirms India’s long-term sovereign rating at BBB- with stable outlook; G-7 nations plan to raise pressure on Russia with more sanctions; U.S. markets move higher in anticipation of debt ceiling deal...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
International credit cards now covered under LRS, effective July 1; Chief Minister announcement in Karnataka likely today after delay; President Biden to miss Quad summit, but will attend G7 meet in Hiroshima; Strong gains in U.S. equities, stocks in Asia Pacific begin positive...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Vodafone Group marks down value of investment in Vodafone Idea to zero; Bharti Airtel reports higher than expected PAT in March quarter, up 62% sequentially; Banks convey concerns about persistently high overnight rates, liquidity conditions to RBI: Report; Tesla executives to meet with Indian government officials this week…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Windfall tax on domestically produced crude cut to zero; India’s trade deficit falls to lowest since September 2021 in April; EU gives approval for Microsoft’s $69 bln takeover of Activision Blizzard Inc; Former Silicon Valley Bank CEO blames Fed hikes, social media for bank failure...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Congress achieves landslide victory in Karnataka assembly elections, CM announcement likely today; India’s retail inflation cools further to 4.7% in April; Adani Enterprises, Adani Transmission boards approve fund raising via QIP; SC to pass order today on SEBI plea for extension to study Hindenburg allegations against Adani Group; U.S. jobless claims rise to highest since October 2021; Pro-democracy parties will election in Thailand…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Arvind Kejriwal says speed of work in national capital to increase; ONGC strikes oil in two Mumbai offshore blocks in Arabian Sea; Twitter CEO Elon Musk to step down, new CEO takeover in six months; MSCI adds Hindustan Aeronautics, Max Healthcare, Sona BLW to index…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Five out of 10 exit polls predict Congress victory in Karnataka assembly elections; U.S. inflation cools, rises 4.9% on year in April – the first sub-5% reading in two years; Microsoft to withhold salary hikes for all full-time employees; Mauritian Financial Services Minister Seeruttun denies Hindenburg allegations…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
NCLT to pass order on Go Air’s insolvency plea this morning; Apple supplier Foxconn buys 300-acre plot on outskirts of Bengaluru; Major clashes reported in Pakistan after former president, Imran Khan’s arrest; U.S. inflation data for April eyed later today; investors turn cautious…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
DGCA asks Go First to stop selling air tickets immediately; Go First asks for early decision on plea for voluntary insolvency; Invesco halves Swiggy valuation in a year to $5.5 billion; U.S. benchmarks end largely flat; Asia Pacific markets start mixed…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
ONDC breaches 10,000 daily order mark for the first time; India’s forex reserves rose to $588.8 billion in week ended April 28; U.S. jobs rose more than expected, with unemployment rate back at multi-decade low; Warren Buffet sends out gloomy message for his business, says good times may be over…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
DGCA asks Go First to refund passengers; amount could be around Rs 350 crore: Report; JC Flowers and Co. questions legality of non-compete agreement between Zee, Sony; Finance Ministry moves to include CAs, CSs under anti-money laundering act; U.S. stocks drop on fears of more pain in the banking system…All this and much more on your daily podcast by Alex Mathew.
Fed raises policy rate by 25 basis points, but signals pause in next meeting; Oil slides on demand fears, with Brent now at $72.3 to the barrel; Ajay Banga appointed new head of World Bank starting June 2; U.S. equity markets decline, Asia stocks trade mixed…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wadia-owned Go Air files for bankruptcy; DGCA issues show cause notice; Gujarat High Court refuses to grant interim relief to Rahul Gandhi; Federal Reserve seen raising rates by 25 bps then signalling pause later today; Concern about U.S. banks push Wall Street lower; Asia markets trade weak…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
GST collections in May hit record high, breach Rs 1.87 lakh crore; India’s Manufacturing PMI rises to 57.2 in April from 56.4 in March; Centre tells Supreme Court process to re-examine Sedition Law at “advanced stage”: Report; IBM plans to replace around 7,800 jobs over five years with AI…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. GDP growth rises 1.1% in Q1, slowing more than expected; SEBI bars six individuals from stock market for manipulation through Telegram channel; Wipro, Tech Mahindra see revenue decline, pressure on profitability in Q4; Amazon warns of slower revenue growth in cloud computing…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Microsoft’s $69 billion deal to acquire Activision Blizzard blocked by U.K. regulator; Union Cabinet approves National Medical Devices Policy, 2023; Bajaj Finance reports over 30% rise in net profit in Q4 at Rs 3,158 crore; SBI Life Insurance Q4 net profit rises 16% on year to Rs 777 crore…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Air India pilots seek Ratan Tata’s intervention in salary spat with management; Government may widen the scope of PLI scheme for steel manufacturing: Report; Bajaj Auto net profit declines 2% in Q4, but is better than expected; Ipca Labs defends decision to acquire a one-third stake in Unichem Laboratories…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Power prices on exchanges surge as demand hits over 200-GW in seven of the last 10 days; China distances itself from ambassador’s remarks on ex-Soviet nations; Tamil Nadu government withholds 12-hour workday bill after protests; Tucker Carlson parts ways from Fox News…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RIL beats estimates with 20% bottomline growth in Q4 despite topline miss; Wipro board to consider share buyback; HDFC Bank not granted exemptions on statutory ratios on merger with HDFC; Amritpal Singh arrested, sent to Dibrugarh jail…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Twitter legacy blue checkmarks are gone!; U.S. contemplates barring investment in key parts of China economy by its companies; Oil loses ground in technical correction; MPC minutes suggests the committee’s concerns on inflation persist…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Union Cabinet approves National Quantum Mission with Rs 6,000 crore outlay; Tata Motors’ JLR to invest 15 billion pound sterling over five years; Government aims to make transmission of pirated content punishable; Apple’s CEO Tim Cook meets PM Narendra Modi, promises to invest in India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
I.T. Department says no plan to increase capital gains tax; India’s air traffic zooms to near record in March; Foxconn likely to expand manufacturing facility in India: Report; U.S.’ four largest banks see bad loan provisions in retail segment rise 73% in January-March…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
WTO rules against India on technology tariff disputes initiated by EU, Japan and Taipei; Heatwave expected in areas in east and north-west, according to IMD; Air India revamps compensation structure for pilots, cabin crew; IT department sends notices to 8,000 taxpayers on donations to charitable trusts…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
I.T. pack to be under pressure after Infosys’ result shocker; Wadia group may exit budget carrier GoFirst; Attempt is made on Japan PM Fumio Kishida’s life; Merck to buy Prometheus Biosciences for $10.8 billion; Equities in Asia Pacific start mixed…All this and much more on your daily podcast by Alex Mathew and Hiral Dadia.
U.S. inflation cools more than expected in March; Core inflation edges higher; India’s CPI cools to 5.66% in March, within RBI’s comfort zone; TCS’ revenue, profit in Q4 are in line with expectations; margins miss; Krithi Krithivasan to take charge as TCS CEO three months earlier; BJP releases second list of candidates for Karnataka election; U.S. equity markets end lower; stocks in Asia Pacific markets trade lower at start…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
IMF cuts India growth forecast to 5.9% in FY24, 6.3% in FY25; IMF warns it’s too soon to sound the all-clear after bank failures in the U.S.; BJP announces first list of candidates for Karnataka legislative election; Watch out for TCS Q4 results, U.S. CPI inflation later today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Highly sensitive, classified documents showing U.S. spies on other countries was leaked; Adani Group calls FT report on its offshore funding “inaccurate”, “mendacious”; Online gambling to soon be illegal in Tamil Nadu; U.S., Philippines to launch largest version of military drills in 30 years; BoJ Governor Ueda says negative interest rates appropriate for current economy…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. non-farm payrolls rise by 236,000 in March, unemployment rate drops; Sharad Pawar calls for broad-basing opposition narrative to focus on issues that matter to people; India’s import of crude from Russia touches 1.64 million barrels per day in March; Tesla to build new battery factory in Shanghai even as tensions between U.S. and China spike…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI’s MPC expected to raise rates by 25 basis points, keep inflation, GDP projection unchanged; India’s peak power demand as of Apr 4 is below the 200-GW level, coal stock healthy; Hero MotoCorp offers its staff VRS package in bid to build leaner organisation; U.S. House Speaker meets with Taiwan’s President on American soil; Recession fears rise in the U.S. as services sector expanded at slower pace than expected…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Donald Trump pleads not guilty to 34 counts of falsifying business records; India cuts windfall profit tax on domestically produced crude, halves levy on export of diesel; World Bank cuts India growth projection for FY24 to 6.3% from 6.6% earlier; India rejects China’s move to rename 11 places in Arunachal Pradesh; Gold prices breach $2,000/troy ounce in international market…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
OPEC+ announces surprise output cut; oil prices rise sharply; NCLT approves Adani Ports & SEZ’s bid for Karaikal Port; UBS to cut workforce by 20-30% post Credit Suisse takeover; Indian railways sees revenue rise over 27% in FY23; Indian equity market looks to build on Friday’s momentum in short trading week…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Donald Trump indicted for directing hush money payments to Stormy Daniels; SEBI rolls out a host of new regulations post board meeting; Unacademy carries out yet another round of layoffs; Tech ethics group asks U.S. FTC to investigate OpenAI’s GPT-4…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Alibaba to split empire, with divisions raising funds individually, exploring IPOs; Life-saving medicine prices hiked by most ever in India; Vedanta board approves fifth interim dividend; CFO resigns; Jindal Stainless to buy Indonesia nickel pig iron smelter facility; International markets move in narrow range…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Israeli Prime Minister Benjamin Netanyahu delays controversial plan that would have weakened the country’s judiciary; The U.S. Commodity Futures Trading Commission sues the world’s largest crypto exchange—Binance; Housing sales in India hit a decadal high in the country’s seven largest cities during the January-March quarter; China pledges to open up further for foreign companies regardless of changing global environment…All this and much more on your daily podcast by Jaspreet Singh Kalra and Niraj Shah.
Credit Suisse faces probe, disciplinary action on handling of bank prior to collapse; Crompton Greaves Consumer, Butterfly Gandhimathi propose merger; Elon Musk values Twitter at only $20 billion; Buyer could have emerged for Silicon Valley Bank…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Hindeberg alleges fraud by Jack Dorsey’s Block; U.S. government could make drastic interventions in banks again to protect depositors, says Treasury Secretary Janet Yellen; Accenture lowers revenue growth guidance, plans to layoff 19,000 employees; U.S. stocks gain in trade, despite pressure on banks…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed hikes rates by 25 bps to 4.75-5%; Fed says hikes in the future may be based on additional data; U.S. central bank says banking system is “strong and resilient”; Hindustan Zinc to issue interim dividend worth $1.3 billion; Finance Minister Nirmala Sitharaman calls special meeting of PSU Banks amidst global uncertainty…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
All eyes on Fed policy decision as expectations of 25 basis point hike rise; Risk on sentiment seen ahead of Fed rate decision; stocks in U.S., Asia Pacific rise; Apple seeks changes in India’s labour laws before committing to higher production; Finance Ministry to make a case for higher sovereign rating…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Vladimir Putin says Russia ready to discuss Xi’s plan to end Ukraine war; DEA says India’s current account deficit to reduce in FY23, 24; Brent crude stabilises around $73.5/bbl; Amazon to lay off another 9,000 employees in coming weeks; International equity markets rise as some banking tensions fade…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
UBS to take over Credit Suisse in $3.2 billion deal backed by Swiss government; Credit Suisse’s $17.2 billion AT-1 bonds to be written off; Goldman Sachs ditches $100 target for Brent crude; Maharashtra Govt set to take over iconic Air India building in Nariman Point, Mumbai; Equity markets in Asia Pacific region open with cuts…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S.’ largest banks agree to deposit $30 billion with First Republic Bank in rescue; ECB goes ahead with 50 bps increase, but avoids guidance on future action; TCS CEO & MD Rajesh Gopinathan tenders resignation; Krithi Krithivasan to take over; U.S. equity markets soar on the back of a banking rally…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Credit Suisse shares plunge as top shareholder, Saudi National Bank rules out adding to stake; Cost of Credit Suisse-linked credit default swaps surge, as banks rush for cover; India’s trade deficit narrows to lowest in 13 months even as exports slide; Oil prices under pressure, but bounce back from three-day fall; Equity markets globally lose ground, bond yields fall…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. CPI in line with expectations in Feb, but core CPI remains elevated; 2-Year Treasury yields climb in U.S. on rising expectations of a Fed hike next week; Reliance Jio undercuts Bharti Airtel with family plan; Meta to fire 10,000 more employees, close 5,000 additional roles; India’s semiconductor fabrication unit to be announced soon; Global equity markets end higher; Trade setup for India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
CPI cools in February, but stays above RBI MPC’s comfort zone; Lithium reserves in Jammu & Kashmir to be auctioned, says Mines Minister Pralhad Joshi; More economists and traders expect Fed to pause rate hikes after next meeting; U.S. 2-year treasury sees sharpest fall in yields since October 1987; U.S. stocks reverse gains, end mixed; Asia Pacific equities start with sharp cuts…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Treasury Secretary Janet Yellen rules out bailout for Silicon Valley Bank; FDIC racing to sell assets of SVB Financial Group to make deposits available today; Adani Group prepays debt worth $2.15 billion ahead of Mar 31 deadline; MPC Member Ashima Goyal sees inflation easing this year; Asia Pacific equity markets start off on negative footing…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. equity markets drop sharply overnight on concerns about the banking sector; In a surprise, U.S. jobless claims rise to a 10-week high last week; B Gopkumar appointed as next MD & CEO of Axis MF, Ashish Gupta to take charge as CIO; SEBI issues operational guidance on buybacks through stock exchange route…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed’s Powell stresses no decision on rates has been made ahead of March meeting; Coal stocks at a third of power plants fall below critical level; Tesla under investigation over complaints of steering wheel falling off some new Model Y units; Third consecutive positive close for Indian markets; Nifty Midcap 100 index has broken above its recent swing high...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed Chair Jerome Powell says Fed likely to raise rates higher, potentially faster than previously thought; U.S. stocks slide, bond yields rise, dollar extended gains; NCLT approves Suraksha Group’s bid to buy Jaypee Infratech; Xi Jinping announces biggest overhaul of China’s bureaucracy in recent times…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
China sets modest 5% growth target for the year; Latest tranche of Sovereign Gold Bond opens today; NCLT allows another round of auctions for Reliance Capital; Japan could cease to exist, PM Fumio Kishida warns, as birth rate continues to fall; Equity markets in the Asia Pacific region begin with gains...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
BJP, allies retain Tripura; NDPP and ally BJP take Nagaland; NPP short of majority in Meghalaya, but to seek support from BJP; GQG Partners picks up stakes worth Rs 15,446 cr in 4 Adani Group companies; G20 members fail to find consensus, can’t agree on joint statement; Strong global cues ahead of trade on Friday..All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Fed officials say interest rates need to stay elevated in 2024 to curb inflation; GST collections dip below Rs 1.5 lakh crore in Feb; Global sentiment may hit a smart uptick possibility post yesterday's bounce; Defence, railway stocks will be key focal point today post large order wins...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
India’s GDP growth slows to 4.4% in Q3, below estimates; Index of eight core industries grew by 7.8% in January; Fiscal deficit widened, stood at 67.8% of target as on January 31; Prepare for a heatwave from March to May; Watch for auto sales data through the day…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Wipro to restructure operations into four global business lines; Vistara brand to be discontinued after merger with Air India; Nifty trading close to its 200 DMA of 17376.4; Telecom, ICICI Bank and select banking see strong buying interest on Monday; Watch out for Q3 GDP growth later today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Delhi’s Deputy CM Manish Sisodia arrested in liquor policy case; Covid-19 most likely started because of a laboratory leak in China; Nifty trading very close to cluster of supports, at critical make or break levels of a bounce; Global exposed and interest rate exposed themes seem most vulnerable currently…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Former Mastercard CEO Ajay Banga set to be next World Bank president; RBI aims to expand use cases of wholesale Central Bank Digital Currency; Flipkart will not give increments to top 30%; External Affairs Minister S Jaishankar says responsibility of trade deficit with China is also with Indian businesses; Trade setup for the day in India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. Fed reinforces hawkish tone in minutes of last meeting; RBI MPC divided on need to pause tightening of policy; Zee-Sony merger screeches to a standstill; Bill Gates buys stake in Heineken; Trade setup for the day in India…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Russia scraps nuclear weapons agreement with U.S.; U.S. stocks fall sharply, bond yields rise, on changing expectations of interest rate hikes; SEBI to soon mandate disclosure of all material agreements between shareholders that impact control of listed entities; Government to invite bids in auction for rights to mine newly found lithium reserves…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. President Joe Biden makes surprise visit to Ukraine in show of western solidarity; Manchester United starts reviewing acquisition bids, including one from a Qatari bank; U.S. Supreme Court set to hear oral arguments in case that could prove momentous for the internet; Indian billionaire Anil Aggarwal's plans to trim debt hit a government roadblock…All this and much more on your daily podcast by Jaspreet Kalra and Niraj Shah.
U.S. issues warning to China against supporting Russia's invasion of Ukraine; North Korea fires ICBM; warns U.S. against military exercises with South Korea; Meta is planning to launch a verified service that comes with a blue tick and costs $12; TCS is not planning any layoffs even as global tech companies brace for slowdown... All this and much more on your daily podcast by Jaspreet Kalra and Niraj Shah.
Neal Mohan to take charge at YouTube after CEO Susan Wojcicki steps down; HDFC raises Rs 25,000 cr via 10-year bonds – India’s largest privately placed corporate bond issue; U.S. markets end sharply lower after comments by Fed members about raising interest rates; Will Nifty 50 hold on to 18,000 mark this week?... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Finance Minister Sitharaman calls on exporters to engage with govt in tough environment; 17 Indian banks open vostro accounts in Russia to facilitate rupee trade; U.S. retail sales rose by most in nearly two years in Jan, signalling strong demand; U.S., Asia stocks advance on strong economic data in the U.S…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
Quant indicators and charts still point towards upward momentum; Sectoral rotation being seen in IT, but pharma is the real dark horse; Global equity markets choppy, as investors weigh more rate hikes to counter inflation; Vodafone Idea loss widens to close to Rs 8,000 crore in third quarter...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
CPI inflation surprises on the upsides, stands at 6.52% in January; U.S. stocks rise on Monday, with all three major indices rising over 1%; Indian headline indices stuck in range, low volumes hurting follow-up buying in most themes; Higher CPI data in India may hurt NBFC stock prospects in near term.
All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
14th edition of Indian aero show kicks off in Bengaluru
U.S. shoots down fourth UFO in a week
Possibility of gains on Nifty this week itself, but U.S. inflation overhang remains
Earnings led move in autos, capital good NMC stocks possible this week
All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
-Mumbai-Ahmedabad bullet train project could get back on track
-Chitra Ramakrishna gets bail in illegal phone tapping case
-U.S. stocks decline as investors weigh higher interest rates
…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI says household inflation expectations cool in January; Manchester United shares surge on takeover speculation; Strong pivot towards NBFC bullishness may get pushed back to April; Classic value buying in beaten down names
This and much more on your daily podcast by Alex Mathew and Niraj Shah.
RBI MPC seen hiking rates by 25 bps today; Fed Chair calls for more hikes; Finance Minister says GST fitment committee to consider cutting tax on cement
This and much more on your daily podcast by Alex Mathew and Niraj Shah.
Second, 7.6 magnitude earthquake hits Turkey, thousands perish; Government plans to oppose Hind Zinc’s plan to buy Vedanta’s zinc assets; Google to launch ChatGPT competitor ‘Bard’
This and much more on your daily podcast by Alex Mathew and Niraj Shah.
U.S. shoots down China’s spy balloon; U.S. unexpectedly adds 517,000 jobs in January; Asia Markets open mixed; India looks forward to RBI Monetary Policy review
This and much more on your daily podcast by Alex Mathew and Niraj Shah.
Get the top stories and an overview of Dalal Street from your hosts Alex Mathew and Niraj Shah.