ECONOMIC OPPORTUNITIES
Strong first indications that the worst is behind them? 5 agro-chemical stocks with upside potential of up to 29%
Some sectors have a company which though may not be called as bellwether but it is good enough to give an indication of what it might be in that sector and that is why its results of that company probably are indicative of what is happening in the sector. Sumitomo chemicals announced its Q1 results and what is interesting is that it gave the following statement in its investor’s presentation. “The favorable market sentiments and stable input costs has been the primary growth driver for our business in Q1FY25. The company has demonstrated strong recovery in the domestic market, leading to our optimism for FY25, considering FY23-24 challenges are largely behind us especially in the domestic market. The price volatility observed last year has stabilized to a great extent. Also, the sentiment among our channel partners and farmers is turning positive. Our outlook remains cautiously optimistic, contingent on rainfall patterns in the coming months of August and September.” Now this is good enough reason to bring them on the watch list and look out for further confirmation from other companies to see if their bad times are over.
India's 2047 goal of USD 35 trillion economy offers Airtel big growth opportunities: Sunil Mittal
India's ambition to be a USD 35 trillion economy by 2047 offers immense growth opportunities for Airtel, said Chairman Sunil Mittal. He highlighted 5G's critical role in India's digital growth and Airtel's commitment to lead this transformation. Mittal praised India's digitisation efforts, which contribute significantly to GDP and emphasized sustained investments in critical sectors.
Yellen calls climate fight the world’s greatest economic opportunity
US Treasury Secretary Janet Yellen visited the Amazon River, asserting that climate change efforts could enhance global economic growth.
Lok Sabha MP Asaduddin Owaisi expresses discontent over govt's treatment of Muslims
MP Asaduddin Owaisi criticised the government's budget for ignoring Muslims, accusing it of treating them as "untouchables." He highlighted the community's economic struggles and lack of representation. Owaisi condemned the reduction in the Ministry of Minority Affairs' budget and demanded more focus on Muslim education and employment.
US Treasury Secretary Janet Yellen calls climate fight the world's greatest economic opportunity
US Treasury Secretary Janet Yellen visited the Amazon River, advocating for climate change action to drive global economic growth. She called it the top opportunity of the 21st century. Yellen proposed investing $3 trillion annually until 2050 to support sustainable and inclusive growth, particularly in historically underserved regions. The event, organised by the Inter-American Development Bank, aimed to promote carbon reduction, wildlife protection, and biodiversity while preserving jobs and economic activity in eight South American countries.
Budget proposal to promote investments, create jobs: Industry players
Industry players believe the budget will drive private investments, creating jobs and helping achieve "Viksit Bharat" by 2047. Virendra D. Mhaiskar and Kavita Shirvaikar highlight the boost to infrastructure with Rs 11.11 lakh crore allocated. Policies supporting recycling, affordable housing, critical mineral imports, and domestic solar equipment are praised.
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Budget aims to position India as a global leader in maritime innovation: Minister Sonowal
The Union Budget 2024-25, presented by PM Modi and FM Sitharaman, focuses on maritime innovation, job creation, economic growth, and shipping reforms. It includes MSMEs, cruise tourism, shipbuilding, GST simplification, MAKV 2047, inclusive banking, Northeast development, Assam flood management, Pradhan Mantri Janjatiya Unnat Gram Abhiyan, heavy engineering, and boosts agriculture benefiting 'Annadata'.
Budget 2024: Government to formulate economic policy framework for next generation of reforms
Finance Minister Nirmala Sitharaman announced the government's plan to create an 'Economic Policy Framework' in the Budget Speech, focusing on facilitating employment opportunities and sustaining high growth. The framework aims to improve productivity of factors of production, incentivise reforms, promote competitive federalism, and collaborate with states for development. The Budget also emphasises nine priorities, including agriculture, employment, urban development, and innovation, for generating opportunities and driving economic growth.
Andhra Bihar Finance Minister, says Trinamool Congress on Budget 2024
TMC criticized BJP's 2024-25 Budget favoring Bihar and Andhra Pradesh. Abhishek Banerjee called it a bribe to allies, ignoring unemployment. Aaditya Thackeray denounced Maharashtra's exclusion despite being a top taxpayer. Kalyan Banerjee labeled it a 'kursi bachao' action. Nirmala Sitharaman’s seventh budget announced major projects for Bihar and Andhra, including Gaya industrial corridor and expressways. Session ends Aug 12.
In post-Covid job market, small towns offer big opportunities
Executives at large companies attributed the rise in talent demand in small cities to increase in consumption, rise in ecommerce and retail sales, and greater penetration of banks and financial services institutions. That apart, several companies in manufacturing sectors - like auto and electronics - are setting up their units outside large cities to expand the talent pool and due to the cost advantage.
Karya designs no-code chatbot using Gemini for custom workflow in various languages
Non-governmental AI organisation Karya has used Gemini over the past six months to create a no-code chatbot which allows AI workers globally to design custom workflows in their own languages.
Adani eyes port in Vietnam to tap trade opportunities
Billionaire Gautam Adani's company, Adani Ports, plans to build a new port in Da Nang, Vietnam, after receiving initial approval from the Vietnamese government. This project aims to enhance trade infrastructure with container terminals and versatile berths for various cargoes. Adani Ports, already operating in Israel, Sri Lanka, and Tanzania, seeks to boost India's maritime role. With ambitions to increase international operations from 5% to 10% by 2030, they target regions like the Middle East, Southeast Asia, and East Africa for expansion.
Saurabh Mukherjea gives 3 themes that can create new opportunities for Indian investors
Saurabh Mukherjea of Marcellus Investment Managers emphasizes India's transformative investment themes: democratized opportunities, the $300 billion China +1 chance, and women's empowerment. India outperforms China in consistent compounder returns. Government policies attract global investments. Entrepreneurs, empowered urban women, and sectors like smartphones, APIs, and medical devices, aided by rising education levels and women-centric consumption, drive growth.
Women in India face a jobs crisis. Are factories the solution?
As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the ranks of formal Indian employment.
Demand under rural jobs scheme eases again in May
Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.
India offers $500 billion investment opportunity in clean energy: Commerce secretary
India's commerce secretary Sunil Barthwal announced at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore that India presents an investment opportunity exceeding $500 billion in the clean energy sector, including renewables, green hydrogen, and electric vehicles by 2030. The forum, consisting of 14 countries like India, Australia, and the US, has identified investment prospects totaling $23 billion for sustainable infrastructure projects in the Indo-Pacific region.
India offers above $500 bln investment opportunity in clean energy value chain
India offers a $500 billion investment opportunity in clean energy by 2030 at the IPEF Clean Economy Investor Forum in Singapore, resulting in $23 billion investment opportunities for sustainable infrastructure projects in the Indo-Pacific.
India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
Modi’s election setback only a blip for some global stock funds
“The first thing I did was message my portfolio managers who invest in India to say if Nifty banks are down because of a lower-than-expected mandate for Modi, it’s a buying opportunity,” Sai said in an interview on Tuesday.
Nifty could fall another 10%; get ready to buy the dip, says Raamdeo Agrawal
Clearly markets have a tendency to go from one side to other side. But that is how it is. I do not think investors have any problem. The problem is actually for the speculators.
Gold firms on Fed rate cut hopes; investors await more US data
Gold prices edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week.
Beyond public market: The growing appeal of alternatives in India
The asset management industry in India has witnessed substantial growth, particularly in alternatives like AIFs, InvITs, and REITs. Private market alternatives offer access to previously unavailable asset classes, but investors should carefully assess asset managers for rigorous evaluation processes and proven track records.
India bankers brace for IPO surge as election uncertainty lifts
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.
Future of green jobs holds immense promise in India: Ramesh Alluri Reddy, TeamLease Degree Apprenticeship
India’s transition towards sustainability holds immense potential in creating new employment opportunities.
SBI Automotive Opportunities Fund: Is it time to capitalise on opportunities in the world's 3rd largest auto market?
SBI Automotive Fund, managed by Tanmaya Desai and Pradeep Kesavan, offers high exposure to automotive stocks. Experts from WealthMills Securities recommend considering the fund for high-risk appetite investors.
Bengaluru, Hyderabad see jump in IT sector job opportunities in April: Report
The report highlighted a notable surge in job clicks, observing a 161 per cent surge in job seeker engagement in Hyderabad and an 80 per cent increase in Bengaluru. However, the report highlighted an overall reduction in IT job openings nationwide, with job postings decreasing by 3.6 per cent. This trend suggests that tech firms are exercising caution in recruitment amid the uncertain global economic conditions.
India hits $5 trillion market: 4 reasons why foreign investors are now eyeing India, Arun Chulani decodes
India's $5 trillion market attracts global investors. Arun Chulani of First Water Capital discusses the country's economic growth, market performance, and potential for foreign investment, positioning India as a key player in global portfolios.
India, Eurasian Economic Union to soon start FTA negotiations
India is set to negotiate a free trade agreement with Russia-led Eurasian Economic Union (EAEU), providing it with access to markets in five resource-rich post-Soviet states. The agreement will benefit Indian exporters in sectors like engineering goods, electronics, and agriculture. The agreement will also benefit India's management of the Chabahar Port in Iran, providing a connectivity corridor to Eurasia.
India's spike in trade with Russia not 'temporary phenomenon', says S Jaishankar
India's External Affairs Minister S Jaishankar highlighted that the growing trade between India and Russia is not a passing trend but a result of emerging economic prospects. He emphasised the long-standing relationship between the two nations despite India's stance on the Ukraine conflict. Trade has seen a significant increase with India becoming a top buyer of Russian oil amid Western sanctions. Efforts are underway to deepen economic ties further.
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