Author: ruchitha
The automotive industry is expected to witness a significant surge in growth, with two-wheelers and tractors leading the charge. According to recent reports, the two-wheeler industry is anticipated to grow by 8% year-on-year, driven by strong rural and urban demand. The tractor industry is also expected to see a marginal growth of approximately 4% year-on-year in the domestic market. Electric Two-Wheelers: A Game-Changer The electric two-wheeler market is poised to revolutionize the two-wheeler industry, driven by the Indian government’s push for electrification and growing environmental concerns. Electric two-wheelers offer a cleaner, more efficient, and cost-effective alternative to traditional internal combustion…
The Reserve Bank of India (RBI) has recently flagged significant irregularities in the processing of loans against gold jewellery by supervised entities, including banks and non-banking financial companies (NBFCs). The RBI’s review of gold loan practices has uncovered several deficiencies, including: RBI’s Call to Action The RBI has urged all supervised entities to conduct a thorough review of their gold loan policies and practices, and to identify gaps and implement remedial measures within a specified time frame. The RBI has also emphasized the importance of adequate controls, especially over outsourced activities and third-party service providers, to mitigate risks associated with…
The festive season is just around the corner, and the ecommerce industry is gearing up for a massive surge in sales. According to recent reports, ecommerce festive sales are expected to reach a whopping $12 billion this year, with quick commerce gaining significant ground. Quick Commerce: The New Kid on the Block Quick commerce, also known as q-commerce, is a relatively new concept in the ecommerce space. It involves the delivery of products within a short span of time, often within a few hours or even minutes. This model has gained immense popularity in recent times, especially among millennials who…
The Hinduja Group, one of India’s largest and most diversified conglomerates, finds itself embroiled in a significant tax dispute involving a staggering sum of ₹2,700 crore. However, the company has strongly refuted claims that it has received any official notice from tax authorities regarding the matter. About Hinduja Group: The Hinduja Group is a transnational conglomerate with operations in over 30 countries. Founded in 1914, the group has grown to become one of India’s premier business houses, with interests in automotive, banking, IT, media, and real estate sectors, among others. The group’s commitment to innovation and excellence has made it…
Today, September 25, 2024, marks a significant milestone in India’s journey towards becoming a manufacturing and innovation powerhouse. The ‘Make in India’ initiative, launched by Prime Minister Narendra Modi in 2014, has completed 10 years of its successful journey. On this occasion, PM Modi has expressed his gratitude to all Indians who have contributed to the initiative’s “roaring success” A Decade of Transformation The ‘Make in India’ initiative has been instrumental in transforming India’s economy and industrial landscape over the past decade. Launched in 2014, the initiative aimed to make India a global manufacturing hub by encouraging foreign investment, promoting…
In recent years, investment banks have been facing intense competition and declining revenue in their traditional business lines. To adapt to this new landscape, they are increasingly turning to startup funding as a means of diversifying their revenue streams. This shift is driven by the need to stay competitive, innovate, and capitalize on the growth opportunities presented by the startup ecosystem. The Rise of Alternative Revenue Streams Investment banks have traditionally generated revenue through advisory services, trading, and asset management. However, these revenue streams have been under pressure in recent years due to factors such as regulatory changes, market volatility,…
As we step into a new week, investors are keenly watching the Indian stock market for opportunities to grow their portfolios. The Nifty50, a benchmark index of the National Stock Exchange of India, is a widely followed indicator of the market’s performance. In this article, we will highlight the top Nifty50 stocks that analysts suggest buying this week. Market Outlook As of Monday, September 23, 2024, the market outlook for Nifty50 stocks is positive, with the index hovering around the 25,500 mark. Analysts expect the market to continue its upward trend, driven by strong economic fundamentals and a positive outlook…
In recent years, India has emerged as a preferred destination for mid-size companies looking to set up Global Capability Centres (GCCs). A GCC is a strategic hub that enables companies to leverage global talent, technology, and innovation to drive business growth. India’s unique combination of skilled workforce, favorable business environment, and cost competitiveness has made it an attractive location for mid-size companies to establish their GCCs. Why India? India is preferred for setting up Global Capability Centres (GCCs) due to its unique combination of a large pool of skilled and educated professionals, cost competitiveness, and a business-friendly environment. The country…
In a remarkable market debut, Bajaj Housing Finance’s shares more than doubled on Monday, September 16, 2024, surging 130% to 161 Rupees before paring some gains to trade at 125% higher. The stock was listed at 150 Rupees on the National Stock Exchange of India, compared with an offer price of 70 Rupees. Market Capitalization The market capitalization of Bajaj Housing Finance after its market debut on September 16 is approximately ₹1.34 trillion (or $16 billion USD). This is based on the company’s shares surging 125% on their first day of trading, closing at ₹165 on the NSE. The company’s…
In a remarkable feat, India has emerged as the leader in global crypto adoption for the second consecutive year, despite the country’s tough regulatory environment and high taxes. According to a report by blockchain analytics firm Chainalysis, India has maintained its top position in the global crypto adoption index, with a significant increase in the use of centralized exchanges and decentralized finance (DeFi) assets between June 2023 and July 2024. Regulatory Hurdles India’s regulatory framework has been particularly challenging, with the Financial Intelligence Unit (FIU) issuing show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for failing to comply…