In a recent note, brokerage house Jefferies said that continued reforms should maintain India’s ‘Fastest growing large economy’ status, adding that strong trends in domestic flows have reduced market volatility and decadal low foreign ownership offers a valuation cushion. The brokerage has presented 26 top 'Buy' Ideas for the Indian Markets.

Eminent economist and Nobel laureate Amartya Sen on Monday welcomed the Supreme Court's recent judgment annulling the electoral bonds scheme, denouncing it as a scandal. Speaking to PTI from Massachusetts, USA, Sen said that the move will lead to greater transparency among people in the electoral context. "Electoral bonds were a scandal, and I am glad that they have now been dropped.

World Bank is focusing on housing solutions for women to address women empowerment and provide them equal opportunity, a senior official has said. If India increases its female labour force participation to 50 per cent, it would help boost GDP growth by 1 per cent which is huge for a country like India, World Bank Managing Director (Operations) Anna Bjerde said.

India's agricultural sector may grow at more than 3 percent in 2024-25, Shashanka Bhide, one of the three external members on the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), has said. "With a favourable monsoon, the key sub-sectors of agriculture and allied sectors should catch up with their long-term growth trend, besides the recovery from the dip we have seen this year.

TPEML IPO: Riding the wave of India’s burgeoning electric vehicle (EV) market, Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors and the brain behind popular models like Nexon EV and Tiago EV, is revving up for a potential initial public offering (IPO) in the next 12-18 months. This public debut, aiming to raise $1-2 billion, signifies the Tata Group’s strategic push.

The corporate earnings for the third quarter of FY24 saw wide divergences across sectors and companies. Auto, lending financials, industrials, energy, cement, pharma, capital markets, and metal sectors saw strong year-on-year (YoY) earnings growth in Q3FY24, while staples, discretionary, IT, and power sectors disappointed. The Nifty 50 index is now trading at 20.5x FY25 and 18.1x FY26 consensus.

The Indian mutual fund (MF) industry’s assets under management (AUM) are expected to double to Rs 100 trillion by 2030, according to an Axis Capital Report titled ‘India Asset Management AUM on the double: Closing in on Rs 100 trillion.’ This implies a compound annual growth rate, or CAGR, of 14 percent over this period (see graphic). With 42 million investors, MF penetration in India.

Infibeam Avenues, a fintech firm, saw its shares gain 10% to ₹37.90 apiece in today's (Monday) intraday trade after the company announced an investment of $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise application and AI development company based in the United States.With headquarters in New Jersey, USA, XDuce has a team of over 150 software developers.

Reported Standalone quarterly numbers for Foseco India are:Net Sales at Rs 122.32 crore in December 2023 up 15.72% from Rs. 105.71 crore in December 2022.Quarterly Net Profit at Rs. 16.31 crore in December 2023 up 33.09% from Rs. 12.26 crore in December 2022.EBITDA stands at Rs. 23.76 crore in December 2023 up 18.8% from Rs. 20.00 crore in December 2022.

Transformers and Rectifiers (India) share price jumped nearly 5% on Monday's trading session, after the company bagged order worth ₹232 crores from Power Grid Corporation of India Ltd on Saturday. Transformers and Rectifiers share price today opened at an intraday low of ₹345 and touched an intraday high of ₹358.65 apiece. 

Geojit's report on Agri Picks The area under rabi crops in Telangana was 6.3 mln acres (1 acre = 0.40 ha) as of Wednesday, 8.2% lower than 6.85 mln acres a year ago, according to data from the state government. The acreage so far accounts for 114.5% of the normal rabi crop area of 5.5 mln acres for the entire season, the data showed. The area under pulses fell 26% on year to 317,824 acres.

Reported Standalone quarterly numbers for Sanofi India are: Net Sales at Rs 693.90 crore in December 2023 up 3.27% from Rs. 671.90 crore in December 2022. Quarterly Net Profit at Rs. 137.70 crore in December 2023 up 5.19% from Rs. 130.90 crore in December 2022. EBITDA stands at Rs. 199.40 crore in December 2023 up 6.69% from Rs. 186.90 crore in December 2022.

Noted investor Warren Buffett had once referred to derivatives as "Weapons of Mass Destruction", alluding to their speculative and risky nature. But in a recent panel discussion, three alternative fund managers (AIFs) spoke about the role that alternative investment strategies could play for better risk-adjusted returns in the future.

Dixon Technologies (India) shares on February 26 hit a record high at Rs 7,048 per share, up 2.6 percent as the firm signed a contract with Compal Smart contract for mobile phone manufacturing. At 10.15 am, Dixon Tech shares were trading higher by 1.75 percent on the NSE at Rs 6,988 apiece. Follow our market blog to catch all the live updates Padget Electronics, a wholly-owned subsidiary of Dixon.

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. This put the gold rate today under pressure on Monday morning session in the Asian stock market. Gold futures contract on the Multi Commodity Exchange (MCX) for April 2024.