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GOLDMINE UPDATE
GOLDMINE UPDATE
GOLDMINE UPDATE
- Jan 13 ,2025
- by admin
- Goldmine Update
IIP growth hits high of 5.2% in November 2024, a six month high due to manufacturing boost.
Household staples see a brighter third quarter as rural resurgence offsets city stress.
FinMin wants Banks, NBFCs to join hands to fund large infrastructure projects. Infrastructure projects are risky unless the revenue model is good enough.
India’s services sector PMI grew at 59.3 in December. However, manufacturing PMI fell to 54.1
The Centre has readied a Rs 47000 crore plan for developing mega ship building facilities.
Temasek nears deal to buy 10% stake in Haldiram at $10 billion valuation. So, that is around ₹85000 crores valuations for a company with sales of around ₹13000 crores and net profits of around ₹1700 crores. So, their net profit margin is around 13-13.5%. Valued at a PE of around 50. Quite expensive.
Banks profitability likely to moderate in FY26 as per India Ratings. However, if the banks can solve NPAs through NCLT, they could do even better than estimated.
Satya Nadela has said that India has the maths talent to lead frontier AI research.
BP wins ONGC contract to boost Mumbai High Production.
Union Budget should reduce personal IT rates both for lower income groups and even the highest tax rate slab. If corporates are paying around 22-23% and individuals highest tax slab is 30%, it is an injustice to individuals, salary receivers etc. The Government must make the corporate taxation rate and the highest income tax slabs for individuals almost similar.
Modi inaugurates projects of ₹2 lakh crores in AP.
Government to sign pact with Mangolia soon in area of geology and exploration.
PSU’s have lost heavily in the last three months. There was a rally in the PSUs earlier but lots of gains are just gone.