13/01/2025
The Indian Government has not yet announced any stimulus package for boosting consumption. We could see some form of package come in soon, may be in the budget and that could also stimulate the economy. The Government can reduce GST rates on certain items and also reduce Income tax rates to boost consumption.
The RBI will take all necessary steps to boost the growth by reducing CRR, SLR and ultimately reducing interest rates. So, Indian Government and the RBI have a lot of ammunition that they have not utilised and could utilise in future to boost growth.
The Budget will be presented on Saturday 1st Feb 2025 and the markets will be open on that day.
Jio adds more users than Airtel in October as per TRAI data.
Adani Defence acquires 86% shareholding in MRO firm Air Works at ₹400 crores.
Nissan and Honda will establish an integration preparatory committee to facilitate a smooth integration. Both Nissan and Honda are now going to merge. Suzuki also has a tie up Toyota. So, the Four Japanese companies could be two in future globally. Similar things could happen to some of the German Car makers. Lesser number of car makers could result in lower competition in the future. So, keep a tab on the Auto space. If the competition goes down, the pricing power and the profitability will go up. A couple of more such mergers and one should look at the sector closely.
India keeps buying crude oil from various sources and buying it cheap relatively. India now sources from Russia, USA, Middle East, Venezuela and many other countries. Indian companies are now acting in the national interest and buying Oil and Gas, from relatively cheaper sources.
RBI sold about $9.28 billion in spot forex market in October.
Xerox to buy printer maker Lexmark in a $1.5 billion deal.
Derivatives volume have crashed 37% in the month of December 2024 as compared to the previous month.
India’s current account deficit moderates marginally to 1.2% of the GDP in Q2FY2025.