Never miss a headline with our Weekly News Update!

  • The FII selling in blue chip stocks across the World is keeping the markets subdued. It seems that the selling is more into the frontline Nifty stocks and that is putting pressure on the Nifty.
  • The Diplomatic withdrawals both from Canada and India have gone up suggesting that there is all out war. Canada will suffer more than India. Our exports to Canada is either medicines, which they will need anyhow and IT services, which may suffer a bit. Canada will lose a lot of permanent residency applications and wealth, lot of students and a lot of visitors. Their income will be adversely impacted.
  • Morgan Stanley has upgraded India to ‘overweight’ as the relative economic and earnings growth is improving and the macro stability set up looks sufficient to withstand the higher real rate environment.
  • The Government of India has initiated discussions for possible export of the green hydrogen to France, Italy and Germany. India is also talking to Netherlands, Austria and Sweden. Hydrogen will be available from 2024 in India. PSU companies and private companies both might start their plants in 2024.
  • REC to finance 2 green hydrogens, thermal project worth Rs 40000 crores.
  • Centre mulls stock limit on sugar if full disclosure does not come by October 17.
  • Government mulling another PLI schemes for battery manufacturing.
  • WPI inflation fell to 0.26% in September.
  • Union Cabinet approves 13 GW RE project in Ladakh.
  • Softbank’s venture capital fund to sell $123 million stake in Zomato.
  • IMF sees India meeting its FY24 deficit goal despite extra spending.
  • Tata Motors has acquired 26.79% stake in Freight Tiger for Rs 150 crore. Tata Motors will further invest Rs 100 crores over the next two years. Freight Tiger is a digital platform that provides end to end logistics value chain solutions for cargo movement in the country.

Leave a Reply

Your email address will not be published. Required fields are marked *