Equities in China and India are being touted as potential outperformers in Asia in the second half of the year as investors flock to emerging-market themes. About a third of 19 Asia-based strategists and fund managers surveyed informally by Bloomberg News said they see Chinese stocks outstripping most over the […]
India
India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors’ challenges due to the extensive paperwork involved. Also Read | Mumbai local train update: 5-hour […]
Indian government bonds with a combined nominal value of $330 billion will be included in JPMorgan Chase & Co.’s emerging markets bond index effective 28 June. This will make India’s bond market the 25th to join the widely tracked index since it was launched nine years ago. JPMorgan announced in […]
The Indian market has underperformed YTD compared to states like Taiwan, the US & Japan, and Germany. Key reasons are premium valuations, that failed to sustain the accelerated growth observed from CY21 to 23. Additionally, investments have shifted from large-cap to mid-cap stocks, which are not reflected in the Nifty50 […]
India’s urad output is estimated to be 1.8 million tonnes (mt) this year, as compared with 2.6 mt in the 2022-23 (July-June) crop year. Tur is estimated to be at par with the previous season’s 3.3 mt but the industry expects production to be 2.7-2.85 mt, falling short of the […]
India has emerged as the second-largest initial public offerings (IPO) market. With the election results announced, the continuation of existing policies is highly anticipated, which is expected to further fuel the IPO boom. “India has become the 2nd largest IPO market. With election results being out, the continuation of existing […]
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg. Also Read | Lok Sabha Elections […]
For the quarter ending in March, Praj Industries reported a net profit of ₹92 crore, up from ₹88 crore in the same period last year. Income from operations for the quarter was ₹1,019 crore, compared to ₹1,004 crore in Q4 FY23 and ₹829 crore in Q3 FY24. For the full […]
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries’ economies. Both India and Indonesia coincidentally had elections this year, showcasing to the world their ambition to transition into major economic […]
Q4 results today on May 8: At least 30 companies are scheduled to announce their financial results for the fourth quarter of FY24 today, on May 8. Also Read | Q4 results: L&T, Tata Motors, SBI, TVS Motors among companies to declare earnings this week; check full list here The […]