Veteran investor Mark Mobius reaffirmed his long-standing support for gold, emphasizing its enduring value and cultural significance in India. In an exclusive conversation, Mobius recommended that investors keep at least 10% of their portfolio in physical gold. While he acknowledged the difficulty of timing the market, he advocated for a dollar-cost averaging strategy—investing gradually over time to mitigate volatility. “No one knows what the price will be tomorrow or next week,” he said, adding that the consistent appeal of gold makes it a reliable asset through economic cycles. Mobius’ advice reinforces gold's role as a timeless hedge.
In an exclusive conversation with Business Today’s Siddharth Zarabi, veteran investor Mark Mobius shared his outlook on the easing of U.S.-China trade tensions and its impact on the global economy. Mobius believes the risk of a U.S. recession has significantly dropped, thanks to domestic policy moves such as boosting manufacturing and lowering pharma prices. He added that with more trade agreements being finalized, global markets may enter a more stable phase. Over the next 3–4 months, Mobius expects increased investor confidence and reduced uncertainty, which could positively shape both the U.S. and global economic landscape.
Veteran investor Mark Mobius believes India still stands to benefit from global trade shifts, especially as companies look to diversify beyond China. However, he cautions that India must act fast to ease entry barriers and reduce bureaucracy for foreign manufacturers. “That’s a big challenge for the Indian government,” Mobius says, referring to factory setup and market access. He also points out that India holds an advantage in the U.S. market due to lower trade barriers compared to China. With smart policy moves, India could significantly boost exports and position itself as a manufacturing hub.
Mark Mobius emphasized the critical importance of a U.S.-India trade agreement in boosting investor confidence. In an exclusive conversation with Siddharth Zarabi, Group Editor of Business Today, Mobius said the deal would be "very, very significant" not just for tariffs, but also for reducing non-tariff barriers that currently deter companies looking to manufacture in India. He stressed that easing these restrictions would allow firms to import necessary machinery and components, paving the way for increased production. Mobius believes that if implemented, such reforms could significantly enhance India’s investment climate.
In a conversation with Siddharth Zarabi, Group Editor of Business Today, legendary investor Mark Mobius offered sharp insights into the ongoing U.S.-China trade conflict, calling the recent developments “a ceasefire, not peace.” Mobius emphasized that while a temporary agreement has been reached, the fundamental tensions remain unresolved. “China was desperate to reach a deal due to the severe impact on its export manufacturing,” he said, adding that “Trump, too, needed market stability with an eye on stock performance.” Mobius cautioned against assuming that the worst is over, pointing to persistent non-tariff barriers imposed by China as a critical unresolved issue. “It remains to be seen if those will be reduced or eliminated,” he stated, suggesting that the trade war may still have further chapters to unfold. While acknowledging short-term relief in investor sentiment, Mobius made it clear that the global investment community should treat the situation as a pause, not an end.
Mark Mobius revealed that 60% of his fund remains in cash, as they await approval to invest in India. While India is a key focus, Mobius is actively eyeing Southeast Asian markets such as Vietnam, Taiwan, and Korea due to their growth potential. He also sees emerging opportunities in Turkey and Brazil. However, the central theme of his investment strategy remains innovation. Mobius is targeting companies and countries that are leveraging technology to create better, more useful products for consumers, indicating a strong preference for tech-driven, forward-looking sectors.
Tata Power reported a robust performance for Q4FY25 with a 25% YoY rise in consolidated net profit at ₹1,306 crore, compared to ₹1,046 crore last year. Revenue grew 7.9% to ₹17,096 crore, while EBITDA surged 39.2% YoY to ₹3,245.4 crore, reflecting improved operational efficiency. Margins expanded to 19% from 14.7% in Q4FY24. The company also declared a final dividend of ₹2.25 per share, subject to shareholder approval at the upcoming AGM on July 4, 2025. The record date is set for June 20. This marks Tata Power’s 22nd consecutive quarter of PAT growth, underscoring consistent financial strength.Watch Dr. Praveer Sinha, CEO & MD of Tata Power, in conversation with Siddharth Zarabi, Group Editor, Business Today, on Q4 results and future growth plans.
Siddharth Zarabi, Group Editor, Business Today In an exclusive conversation with veteran investor Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, key global and India-specific market insights come to the fore amid rising geopolitical and economic uncertainty. On the U.S.-China front, Mobius warns that the trade war "isn’t over, it’s just a ceasefire," adding that non-tariff barriers remain a major concern. He sees recession risk in the U.S. falling sharply, supported by increased domestic output and Trump’s pharma push helping contain inflation. Mobius is optimistic about the next 3–4 months globally, expecting markets to stabilize and investor confidence to return. He predicts a stronger dollar ahead, driven by market trust in the U.S. economy. On emerging markets, Mobius places India at the top of his list, saying “India tops list for EM investments,” but warns that India must "cut red tape to gain from trade shift.” The investor also highlights that 60% of his fund remains in cash, awaiting a green signal for India, while Vietnam, Taiwan, and Korea remain top picks. As India negotiates trade deals with the U.S., Mobius believes these agreements could open up greater economic opportunities, especially for sectors like pharma and autos.
Samir Arora of Helios Capital discusses the rebound in the defense sector following a steep correction. Arora highlights a global trend of rising defense spending, driven by countries wanting to reduce their dependence on the U.S. for security, especially after recent geopolitical developments. While acknowledging that India has limited exposure in this sector, he believes the country could still benefit from this broader shift. Arora shares insights on why defense spending is set to increase worldwide and how it could impact markets in India.
In his conversation with Siddharth Zarabi, Group Editor, Business Today, Samir Arora, Founder Helios Capital, shares a contrarian view on the consumer sector. While consumption is seen as a steady space—even during crises like war or pandemics—Arora points out key challenges: low growth rates, intense competition from unlisted players, and saturated categories. He cautions that despite their safe-haven reputation, large consumer staples may offer limited upside.
In this exclusive interview with Siddharth Zarabi, Group Editor of Business Today, Samir Arora, Founder Helios Capital, shares why he remains highly bullish on the BFSI (Banking, Financial Services & Insurance) sector. Arora believes foreign investors—who have historically favored Indian financials—are likely to return in large numbers, making BFSI their natural entry point. With improving earnings from top banks and NBFCs, he sees this sector as a strong candidate for fresh capital inflows.
In his interview with Siddharth Zarabi, Group Editor of Business Today, Samir Arora, FounderHelios Capital, shares a grounded view of market momentum going into the second quarter earnings season. While cautiously optimistic, Arora doesn’t expect extraordinary gains. He explains that current sentiment is buoyed by the market’s resilience, but warns that an early rally could quickly make valuations look stretched. With global cues—especially from the U.S.—still weak, he advises measured expectations over chasing quick returns.
Following the tragic Pahalgam terror attack that killed 26 tourists, India responded with “Operation Sindoor,” targeting terror camps in Pakistan and PoK. As geopolitical tensions rise, markets have witnessed sharp volatility, with investors losing over ₹5 lakh crore in a single session. In this exclusive interview with Business Today’s Siddharth Zarabi, Samir Arora of Helios Capital reflects on past market reactions to such crises. He explains why markets often recover quickly unless tensions escalate further. Arora urges investors to stay calm, avoid emotional decisions, and focus on fundamentals. He also highlights key sectors to watch amid the uncertainty.
In this special episode of Easynomics, Siddharth Zarabi, Group Editor of Business Today, speaks with Sajjid Z. Chinoy, Managing Director and Chief India Economist at JP Morgan, to decode how escalating global tariff tensions and shifting trade dynamics could shape India’s economic future. The conversation explores whether India can turn global disruption—especially the ongoing U.S. tariff chaos—into an economic opportunity. Supported by key macro indicators including GDP growth trends, inflation data, and RBI’s forward-looking projections, the episode offers deep insights into India’s readiness to navigate turbulence and capitalize on evolving global realignments. Tune in to Easynomics for expert insight into how India may chart a bold new path amid rising global trade uncertainty.
Watch Sonal Varma, Managing Director & Chief Economist (India & Asia ex-Japan), Nomura in conversation with Siddharth Zarabi, Group Editor, Business Today, as they discuss India's growth trajectory amidst global challenges. The conversation touches upon key topics such as the global impact of tariffs on India, inflation trends, the outlook for GDP growth, and the sectors most affected by the current economic climate. Nomura recently revised its GDP growth forecast for India in 2025, lowering it by 10 bps to 5.9%, reflecting a more cautious outlook. Despite this, Nomura remains confident that India is "the least exposed" to shocks from the US' tariff announcements. This is due to India's domestic-demand orientation, benefits from lower oil prices, and its position as a strategic ally to the US, which can help India capitalize on trade diversion and supply chain shifts in the medium term. Nomura continues to forecast 7% growth for India in 2026, signaling a stable long-term outlook. The discussion also covers Nomura’s Nifty 50 outlook, with the target for March 2026 set at 24,970 points, reflecting a 3.5% rise from current levels. Nomura expects a market return of (-9%) to 7% over the next year. Furthermore, Nomura believes that private sector investment and capital expenditure will remain weak in the near term, with urban consumption still sluggish, although rural India shows some positive momentum.
Kenneth Andrade, Founder & CIO of Old Bridge Mutual Fund, shares his insights on sectoral value amidst current market conditions. He emphasizes that while absolute value may be scarce, relative valuations across sectors provide opportunities. Andrade advises focusing on sectors where execution potential is strong, noting that businesses with well-executed models can deliver value over time. He further highlights the importance of patience in the market, suggesting a 3 to 5-year horizon for visibility and growth. By balancing sectoral valuations and execution risks, investors can identify promising opportunities in a dynamic market landscape.
In a remarkable global recognition, nine Indian banks have been named Digital Champions in Deloitte’s 6th Global Digital Banking Maturity (DBM) survey. The 2025 edition surveyed 349 banks across the world, evaluating them across digital channels—public websites, internet banking, mobile apps—and six key customer journey stages. Indian banks stood out, not only securing a spot among 40 global Digital Champions but also outperforming global peers in areas like day-to-day banking, customer onboarding, information gathering, and overall user experience. India’s DBM Index jumped from 43% in 2022 to 59% in 2025, reflecting a 16-percentage point leap—one of the sharpest improvements globally. Deloitte attributes this success to India’s rapid AI integration, focus on customised digital advisory, and evolution beyond traditional banking services. With UX insights now included in the benchmarking, Indian banks have demonstrated superior adaptability and innovation. In this exclusive discussion, we dive deep into the report’s insights and what they mean for the future of Indian banking. In a conversation with Vijay Mani, Partner, Banking and Capital Markets Leader, Deloitte India, Siddharth Zarabi, Editor of Business Today, explores how Indian banks are shaping the global digital banking narrative.
Kenneth Andrade, Founder & Chief Investment Officer (CIO) of Old Bridge Mutual Fund, shares his insights on constructing a long-term portfolio. He emphasizes the need to invest in companies that have demonstrated their ability to gain market share globally. According to Andrade, investors should look beyond India's 4% of the world GDP and focus on businesses with the potential to expand internationally. This approach, he believes, will allow investors to capitalize on significant global market opportunities in the long run. His strategy for the next decade remains consistent: invest in businesses with global scaling potential.
In this insightful conversation, Kenneth Andrade, Founder & CIO of Old Bridge Asset Management, delves deep into the current macro challenges posed by the global economic landscape. As the world grapples with the effects of tariffs and trade imbalances, Andrade shares his perspective on how Trump's tariffs are influencing not only the global market but also the Indian economy, which remains relatively better positioned in the face of such uncertainties.He discusses how the US's trade policies may lead to inflationary pressures domestically, while potentially deflationary effects could ripple across the rest of the world. Andrade highlights that Indian equities, although previously pricey, now present a more reasonable investment opportunity amidst global volatility. He also touches on the cash-rich corporates in India and their potential strategic responses, including efficiency improvements over large capital expenditure cycles.Additionally, Andrade offers a positive spin on the outcome of these challenges, suggesting that companies in the US, particularly those in inventory-led industries, might experience a release of cash, presenting a small window of opportunity. As the world recalibrates its supply chains, India emerges as a crucial market that no developed country can afford to neglect.Catch this detailed analysis and more in our Market Masters segment with Kenneth Andrade, Founder & CIO, Old Bridge Mutual Fund in conversation with Siddharth Zarabi, Editor, Business Today.
In its first monetary policy of FY26, the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 6%, shifting its stance from ‘neutral’ to ‘accommodative’. RBI Governor Sanjay Malhotra announced that the decision was taken unanimously by the Monetary Policy Committee (MPC), aiming to cushion the Indian economy against rising global uncertainties, including US President Donald Trump's tariff announcements. The change in policy stance is expected to bring down lending rates, including home loan EMIs, and support economic growth amid external headwinds. Malhotra noted that the global economic environment remains volatile, with falling crude oil prices, a weaker US dollar, and heightened trade frictions impacting investor sentiment. The central bank revised its FY26 GDP growth forecast downward to 6.5% from 6.7%, while also lowering the inflation projection to 4% from 4.2%, citing easing food prices and lower crude oil rates. However, risks remain. The RBI raised its Q4FY26 inflation forecast to 4.4% to account for potential imported inflation due to global trade tensions. Malhotra emphasized vigilance and proactive engagement with global partners, especially the US. The policy signals a balancing act — supporting growth while managing inflation — in an increasingly uncertain global economic landscape.Watch Rumki Majumdar, Economist, Deloitte, decodes the implications of RBI’s rate cut and what lies ahead for India’s economy in FY26. In conversation with Siddharth Zarabi, Editor, Business Today- Indranil Pan, Chief Economist, YES Bank; Madhavi Arora, Chief Economist, Emkay Global and Siddhartha Sanyal, Chief Economist, Bandhan Bank decode the implications of RBI’s rate cut and what lies ahead for India’s economy.
As the U.S. imposes steep tariffs on imports, including a 27% duty on Indian goods, what lies ahead for India’s trade and economic strategy? In conversation with Siddharth Zarabi, Editor, Business Today, former WTO Ambassador Dr. Jayant Dasgupta calls the development a “wake-up call” not just for India, but for the global trading community.While the immediate impact may weigh on global consumers, Dr. Dasgupta stresses that India must focus on two key priorities: first, explore avenues to reduce U.S. tariffs on Indian products through dialogue; and second, urgently improve domestic competitiveness. With high transaction costs and patchy infrastructure still a concern, he argues that India must set its “own house in order” regardless of whether Trump’s tariffs are reversed in six months or several years.
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