Since the release of the GDP (Gross Domestic Product) estimates for the third quarter (Q3) 2023-24 and for the entire year 2023-24, economists have been discussing the underlying trends of GDP growth. The data has led to posing more questions than giving answers. In an earlier article, I discussed how the data shows a wide divergence between growth rates of GDP and GVA.

The agrochemical industry in FY24 faced headwinds such as a build-up of high-cost inventory, declining input prices, and higher China supplies, primarily in exports and to a small amount in domestic markets. While these headwinds will continue to blow for some time, there are signs of a turnaround and return of order, including volume offtake in technicals.

In the current trading session, benchmark indices are trading higher, with the Sensex surging moderately by 0.25 percent and Nifty gaining by 0.28 percent. Furthermore, NIFTY Bank soared 0.05 percent and FINNIFTY is down by 0.05 percent. However, in the broader markets, Nifty Mid-Cap has declined by 0.19 percent, while the Nifty Small-Cap has dipped by 0.10 percent.

Amid reports that people in Argentina are buying Bitcoin to protect themselves from inflation, billionaire banker Uday Kotak today wondered whether the cryptocurrency is better than the Argentinian peso with 276% inflation. When countries manage macro badly, savers move to protect the value of their savings. Traditionally it was gold. Now bitcoin too!

The joint venture between India's JSW Group and MG Motor, which is owned by China's SAIC Motor 600104.SS, is targeting 1 million electric vehicles sold in India by 2030, an executive for the JSW Group said on Wednesday. The venture plans to foray into the premium passenger vehicle segment, the companies said in a joint statement. MG Motor has two electric car offerings in India.

Optimo Loan, an MSME (Micro, Small and Medium Enterprises) lending-tech business for rural India, on Wednesday, announced that it raised $10 million in seed funding from venture capital firms Blume Ventures and Omnivore, with additional contribution from the company's founder, Prashant Pitti. With this investment, Optimo aims to revolutionise MSME lending in rural India by leveraging technology.

Construction work in Belagavi city and its surrounding areas have taken a hit due to the prevailing water shortage that has now stretched to 90 days, according to officials.Local administration has urged the public to use water judiciously, given the fast-depleting water levels in the reservoirs. Even the daily scheduled water supply has been delayed.

Nifty extended its losses on Wednesday falling by over 100 points and hitting the 2024 low of 21,710.20 amid selling pressure in banks, particularly index heavyweight HDFC Bank. The uncertainty over the fate of small and midcap stocks has triggered the slide and in this week, Nifty has conceded 313 points or 1.4% so far.The headline index had ended 2023 at 21,731.40 on December 29.

In the past session TCS saw a significant block deal where 0.65% shares were offloaded. Reports indicated that the shares were sold by Tata Sons but the buyer remains unidentified. Does the share sale indicate any kid of financial strain in the system?  Recent media reports revealed a significant block deal at Rs 4,035 per share, with undisclosed buyers.

Equity markets are going through a correction this week, with the benchmark Nifty50 dropping to near 21,700, down 4 percent from early March highs, to turn negative for the year. As retail investors worry about escalating selling pressure, expert traders share strategies to navigate these market conditions. Santosh Pasi, Founder, Pasi Technologies Santosh Pasi is bullish on the market.

Indian sponge iron producers have urged the government to impose duties on exports of low-grade iron ore to stave off shortages of the main raw material in the world's second-biggest crude steel producer. "We have urged the government that there is a shortage of iron ore, (so) please intervene and levy export duty," Rahul Mittal, chairman of the Sponge Iron Manufacturers Association.

Indian equity benchmarks were choppy on March 20, swinging between gains and losses even as bearish momentum continued to intensify. At 11.56 am, the Sensex was up 140.98 points, or 0.20 percent, at 72,153.03 and the Nifty was up 35.50 points, or 0.16 percent, at 21,853. The Bank Nifty underperformed the Nifty with the SBI and Axis Bank under continued selling pressure on the expiry.

India’s airline industry is growing so fast that the country could support at least one other international hub beyond Mumbai and Delhi, Campbell Wilson, the chief executive officer of Air India Ltd., said. “India can be home to at least three hubs and plenty of point-to-point services,” Wilson said at an industry event in Gurugram on Wednesday.

⏩Nifty Energy, Nifty IT and Nifty FMCG are among the top gainers while, Nifty Metal, Nifty Pharma and Nifty PSU Bank are among the top losers. ⏩Eicher Motors, Maruti and Nestle India are among the top gainers while Tata Consumer Product, Tata Steel and Tata Motors among the top losing stocks from the Nifty 50.

The recent regulatory action against Paytm, an eminent Indian startup, has sparked an important discussion about governance in the fast-paced world of startups. While the company has grown significantly in terms of customers and revenue, the regulatory action illustrates the risks of ignoring sound governance practices amid rapid expansion.