TCS kicks off the keenly-watched tech earnings season with net profit up 4% on quarter while revenues are up five and a half percent. Tata flagship announces 75 rupees per share dividend, even as its workforce reduces by nearly 2,200 in the October-December quarter. Bombay High Court allows interim bail to ex-ICICI Bank MD & CEO Chanda Kochhar and husband Deepak Kochhar in the ICICI Bank-Videocon case. The Kochhar couple has flagged their arrest as "illegal" on grounds that no sanctions were obtained under the PCA framework. There is excitement in the air and the Auto Expo week is already seeing action in Motown. These and many other stories on #BusinessTodayTV
All roads will lead to Greater Noida next week... Auto Expo is back after a 3 year break... electric cars to charge the atmosphere... we bring you the top attractions..Microsoft CEO Satya Nadella presents his company's vision of the future in Bengaluru... hails the digital inclusivity of government schemes... describes them as the greatest contribution that India can make to the world... also asks ChatGPT about the best south Indian tiffin available in Bengaluru...Uttar Pradesh lays out the red carpet for investors... Chief Minister Yogi Adityanath meets the country's top bankers and industrialists in Mumbai... assures the state is safe for investments & other stories
Nirmal Bang's Rahul Arora sounds optimistic and says India could outperform its emerging market peers. However, flags volatility as a key concern. Identifies cement, pharma, chemicals, banks, infra, and cap goods as pockets of gain, remains cautious on global facing sectors like IT and metals. Supreme Court upholds Modi government’s demonetization move by a 4-1 majority. Maruti shrugs off the 9% drop in sales in December, the top officer tells Business Today TV in an exclusive conversation that new sales records will be set this year despite the threat of Covid re-emerging. Thousands of Indians with H1-B visas face uncertain future in the US after the great 2022 layoff. Business Today TV tells you what can be done to avoid deportation to India. This and more on #BusinessTodayTV.
China announces re-opening of borders after 3 years of their stringent Zero-COVID policy. Chinese Health Commission relaxes quarantine requirements for inbound travellers effective 8th January 2023. Tata Motors steers strong toward digitization, saying the biggest manufacturing trend in Motown is witnessing a shift from product creation to creating an experience. As India continues to expand its EV footprint, the company sees directional synergies and aspires to assume the bifocal role of manufacturers as well as fleet operators. This and more only on #BusinessTodayTV.
CBI arrests Videocon chief Venugopal Dhoot, the move sends shockwaves across industries. The arrest comes nearly three days after the arrest of high profile names and ex-ICICI Bank chief Chanda Kochhar and spouse Deepak Kochhar in relation to fraudulent sanctioning of credit facilities to the tune of Rs 3,250 crores. Three high-profile arrests over the last 72 hours send jitters across India Inc. India’s banking industry witnessed one of the most high-profile money laundering scams, marking the downfall of banking sector titans like Chanda Kochhar and consumer electronics major Videocon. Market guru Chakri Lokapriya of TCG Asset Management talks about themes to hunt for this new year. And what makes him bullish on Banking, Consumer discretionary, and cement names? This And more on #BusinessTodayTV.
Indian businesses are nervously watching the spread of Covid in China. It is déjà vu for the Indian supply chain which went off the rails in previous lockdowns. Isha Ambani's Reliance Retail has made its largest acquisition to date. Picking up the entire stake in Metro Cash & Carry's Indian operations for Rs 2,850 crore rupees. The deal considerably strengthens RIL's dominant position in the domestic retail sector. Till a few months ago, bank fixed deposits were considered one of the worst investments… with one of the lowest returns… taxable according to the income tax slab you fell in. These and many other stories only on #BTTV.
Weak global cues and recessionary fears continue to spook markets. Nifty and Sensex pare losses to close flat, climbing to the highest point of the day. The recovery was aided by the IT and the metals pack. The proposal to extend trading hours from 9 AM to 5 PM gains traction move come as the regulator aims to move towards regular liquidity operations. NSE Chief Ashish Chauhan backs the proposal, saying 6 hours is not good enough for a market like India. India's largest carmaker Maruti Suzuki announces the launch of two SUVs at next month's Auto Expo. Company chief RC Bhargava alludes to the lack of infra for the company's delayed EV foray. Market regulator SEBI announces changes to buyback norms. SEBI chief Madhabi Puri Buch says they intend to phase out buybacks via exchanges gradually. The minimum utilisation amount for buybacks via exchanges has now been raised to 75% versus 50% earlier. Google announces a whole host of features on its video streaming platform YouTube. New expected features to include a "search in video" option. This & More On #BusinessTodayTV.
Indices ended the day flat with the Nifty marginally in the green. The Sensex closed with a 50-point decline as the street awaits the outcome of the US Federal Reserve meeting. Spending is here to stay, says HDFC AMC's Chirag Setalvad, even as the street anticipates a slowdown. Overall, he views the large and small caps as fertile grounds for investment, as well as auto ancillaries and financials. Huge relief for policymakers as consumer inflation cools to 5.88% in November… below the RBI cap of 6% for the first time since December 2021. Placements in India's premier engineering institute are on. Hefty packages worth a whopping Rs 4 crore are offered by some top-tier companies. This and more on the #BusinessTodayShow.
Reserve Bank of India is all set to raise interest rates tomorrow for the fifth time this year. This may slow the pace of hikes after inflation falls below 7% in October. Watch the results of the BTTV poll in the show. Wary day on the Indian bourses as the street awaits the all-important announcements from RBI tomorrow. Rangebound trade with IT, pharma, and metals led the losses while PSU banks remained in the green. The Nifty closed down nearly 60 points; Sensex too was down 200 points. Market guru Andrew Holland lauds a rotational play on the bourses, saying Tyres, paints, and oil marketing companies will keep things buoyant. With slowing rate hikes, Holland expects money to return to the emerging markets in the new year. Rupee plunges 82 paise in trade today. The rupee closes at 82.62 to the US dollar. Could Budget 2023 announce a big tax break for the middle class??? Banks reportedly seek tax exemption on interest from fixed deposits of up to 5 lakh rupees. Huge boost for Make in India... Apple is said to be shifting a chunk of production of its iPhones and other products to India from China... looking to hedge its bets after the recent unrest at its biggest plant. This & More On #BusinessTodayTV.
Reserve Bank of India begins testing the digital rupee for use by the aam aadmi. 8 banks are to be involved in the first phase of testing to ensure stability and the security of the system. World markets celebrate as the US Federal Reserve Chairman says the pace of rate hikes could slow from this month itself but warns that inflation still remains high and Fed is not letting up on its fight against price rise. Yet another record close for the Nifty and Sensex led higher by IT and metals. The bull run is now on for eight straight days. Nifty ended above 18,800, 50 points higher while Sensex sported a 100-point rally at the close. It's a great November for auto companies. Car sales jump on a low-base effect but 2-wheeler sales lag as high prices hit rural demand. This & more only on #BusinessTodayTV.
Are India's income taxpayers set to see some relief in Budget 2023-24? Revenue Secretary Tarun Bajaj in an exclusive interview with Business Today TV. Air India and Vistara to merge by March 2024. Singapore Airlines is to hold a 25.1% stake in the combined entity. The new airline will be the second largest in the country after IndiGo. Revenue Secretary Tarun Bajaj on the possible changes to India's capital gains taxation policies tells Business Today TV in an exclusive interview that asset classes and indexation rules need to be simplified. Stock markets hit yet another high. FMCG and metals lead the rally. Sensex up 177 points& Nifty up 55 points. Reserve Bank of India to launch retail testing of the digital rupee on Thursday. 8 banks to participate in the pilot project which will initially cover 4 cities. This And more stories only on #BusinessTodayTV.
With Nifty and Sensex notching new highs, where should you focus your funds? What are the key sectors to track? Catch Business Today’s Global Business Editor Udayan Mukherjee in conversation with Emkay Global’s Krishna Kumar Karwa. S&P is the latest global agency to lower India's GDP forecast, saying India to grow at 7% this fiscal versus its previous estimate of 7.3%. Amazon continues its gradual shutdowns in India pulling the plug on its distribution vertical which linked wholesalers and retailers... Gujarati traders are eyeing Bangladesh to sell their wares including textiles and fabric. Business Today TV's Chetan Bhutani caught up with Himanshu Bodawala, President, of the Southern Gujarat Chamber of Commerce who spoke about the export boost and what all the government should do to boost Surat's textile industry. The series of flops this year hurts the brand values of top Bollywood stars & other stories..
Sensex closes at its lifetime high with IT and oil and gas powering the 762-point rise today... all sectoral indices are in the green... Nifty 50 is up 217 points to close at its 52-week high. The rupee will fall to 83 per dollar next year... says RBI's Ashima Goyal... expresses confidence the Indian currency will rally later in 2023. Tata Consumer is all set to buy Bisleri and its other brands for 7000 crore rupees... to become the largest player in the packaged water market. This And more stories only on #BusinessTodayTV.
Hindustan Motors all charged up for a big-bang return... years after being driven off the roads by Maruti. This company made Ambassador cars and signed an MoU to manufacture electric vehicles. Markets end flat as traders sell towards the end of the session... prefer to stay low ahead of the expiry tomorrow... Sensex gains 92 points while the Nifty rises 23 points. Global brokerages place their bets on the Indian markets... Goldman Sachs says Nifty to rise by 10% to hit 20500 by next year-end. CLSA goes a step ahead... says Nifty will hit 21850. Business Today TV in an exclusive conversation with Saurabh Mukherjea of Marcellus... says he does not expect tech start-ups to do better any soon... shares his mantras for successful investments. This & more stories only on #BusinessTodayTV.
Indices break a 3-day losing streak. Sensex and Nifty are up around half a percent each. PSU stocks as well as tech and oil stocks lead the rally. FIIs are scared of the Indian market's retail power claims market veteran Ramdeo Agrawal in an exclusive conversation with Business Today TV... adds that valuations may be high but the upside remains good. Nykaa loses its top officer. Arvind Agarwal quits as CFO even as big investors continue to offload company shares... analysts question the ethics of a bonus issue coinciding with the end of the anchor lock-in period. Exclusive chat with the CEO of Koo... the company benefiting the most from Twitter's implosion... says Indians will not pay 8 dollars for verification. Big victory for India's global economic reach... free trade agreement ratified by Australian Parliament... over 6,000 Indian products to get duty-free access to the Australian market. This and more stories only on #BusinessTodayTV.
PayTM plunged by more than 9% in trade today after news that Japan’s Softbank, one of its anchor investors, was selling a 4.5% stake in the company. Finance Ministry is all set to trim its divestment target for next year. The British economy is in recession, says the UK government. Aditya Birla Group steps into the haute couture space to open luxury fashion stores in partnership with Galeries Lafayette. Global investment majors and top celebrities burn their fingers in the FTX implosion. British supercar brand McLaren finally drives into India. The first showroom opens in Mumbai. These & many stories.
As markets inch up every day, what should be the investors' approach... where can better returns be still found??? Sakshi Batra in conversation with Chandan Taparia of Motilal Oswal Financial Services to find out what the strategy should be now. Bikaji Foods, which raised 881 crore rupees, opened at a premium of 8% on NSE. The stock ended up 6% at the close of trading. The other listing was of Global Health, the parent company of Medanta Hospitals. The company was listed at a premium of 19% over its issue price and ended the day with 24% gains. Sakshi Batra caught up with Dr. Naresh Trehan, Chairman and MD of Global Health after its successful listing. He shared his first thoughts on the strong listing. With a bumper festive season behind us, and stock markets touching new highs, the question being asked by many is will the economic momentum continue? Or will growth fall prey to global headwinds and inflationary pressures already undermining the western economies? Business Today TV’s Prerna Lidhoo caught up with Neelkanth Mishra, the India Equity Strategist of Credit Suisse. This and more stories are only on #BusinessTodayTV.
Air India faces a massive disgorgement order of 1,000 crore rupees handed the bill by the US Department of Transport for not automatically refunding passengers for canceled or delayed flights during the Covid era. CBDT Chairman says changes to be made to the capital gains tax in Budget 2023 confirm yesterday's Business Today TV exclusive report that direct tax mop-up with exceed budget estimates this year. Last-minute push takes Sensex up 249 points and Nifty up 74 points. Sensex closes at its highest level ever... Auto, oil and gas and bank shares lead the rally. It is India's decade... says veteran fund manager Prashant Jain in an exclusive conversation with Business Today TV... listen to his top picks and deep market insights. India’s trade deficit widens to $27 billion in October as exports fall by 17%. government confident that a pick-up in consumption demand will improve exports. This and more on #BusinessTodayShow.
What are the market triggers this week? Udayan Mukherjee's Market View. Consumer inflation falls to below 7% in October for the first time in 3 months. The Modi government is on track for a bumper tax collection this year. Infosys is the latest IT major to ask its employees to return to the office for work. Elon Musk, the world's richest man and CEO of five companies said that he has too much work. The US government is all set to begin a formal probe into the dramatic collapse of the crypto exchange FTX. These & many more stories
Markets fall as investors shy away from commitments ahead of US inflation figures. Nifty is down 129 points and Sensex fell 420. All sectors ended up in the red. Aurobindo Pharma scion P Sarath Chandra Reddy arrested by Enforcement Directorate. He made a suspect in the politically explosive Delhi liquor scam. The stock plunged nearly 12 per cent on the news. Nykaa's parent company FSN E-Commerce zooms more than 5 per cent even as the lock-in period of its anchor investors ends. Maruti prepares for the big market fight. Confirms to Business Today TV that it will launch a new SUV by March. Elon Musk ends remote work in his first email to Twitter staff. He warns them to be ready for difficult times ahead as he himself comes under the scanner for his overseas relationship. This and More on #BusinessToday Show.
Massive layoffs by Facebook's parent company Meta in the US. 11,000 employees to be given the pink slip. Rupee rallies against the US dollar amid political uncertainty in the US... jumps 48 paise in trade today. Tata Motors posts higher than expected losses of 945 crore rupees in the July-September quarter. The revenue jumps 30%. Morgan Stanley goes super bullish on the Indian economy. He said India will overtake Japan and Germany as the third-largest economy by 2027. GDP is seen to touch 8.5 trillion dollars in 10 years. Elon Musk's wealth plunges below the 200 billion mark as Tesla shareholders get the jitters about his interest in Twitter. Big win for the Modi government. Nirav Modi to be extradited to India from London. He lost an appeal in London High Court against being deported to India.
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