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.
Where can investors park their money to hedge over volatility? For both a strategic and a short-term view on stocks, Business Today TV Global Business Editor Udayan Mukherjee spoke to Amit Jeswani, founder and CEO, Stallion Asset.
Exclusive conversation with State Bank of India Chairman as the country's largest lender posts blockbuster results. Dinesh Khara says pent-up demand will keep the growth momentum going. Global health, Bikaji IPOs Close, Healthy Demand for Medanta issue, Exclusive conversation with Bank of Baroda MD & CEO. Tech giants around the world are on a layoff spree. Tirupati temple’s untold wealth & other stories
Catch Siddharth Zarabi, Managing Editor, Business Today TV Exclusive with CP Gurnani, MD & CEO, Tech Mahindra. Medanta Hospitals is all set to open its sixth branch in Noida. The group which is raising money from the primary market is also looking at retiring more than 350 crore rupees in debt. Prime Minister Narendra Modi has set another ambitious target for his government. Addressing the Invest Karnataka summit, Modi said that India will be a developed nation by 2047 – the 100th anniversary of independence.RBI will not be releasing the report of its special Monetary Policy Committee meeting tomorrow. The meeting which comes immediately after the US Fed announces a possible rate hike later tonight will focus on the reasons why RBI has been unable to keep inflation below the 6% cap for three straight quarters.
Another Chinese company operating in India is under the government's lens. According to sources, the Registrar of Companies has summoned the top management of MG Motors India for questioning on alleged audit deficiencies. The company’s auditor Deloitte has also been issued the summons. Sources say that invoicing fraud has been detected during a probe of the company’s books by the Ministry of Company Affairs. The company has issued a statement that it received a notice on why it had operational losses based on its annual report for 2019-20. It reiterated that it is a multinational with books maintained as per Indian accounting standards and audited by reputed audit firms. Here is a report by Business Today’s Karishma Asoodani.
Catch #MarketGuru Prashant Khemka in an exclusive conversation with Udayan Mukherjee. Indices scale a 9-month high on hopes that the US Fed will slow the pace of interest rate hikes. Chinese-owned MG Motors is under the government scanner for alleged invoicing fraud. Auto sales scale new highs as customers return to the showroom. GST collections above one and a half lakh crore rupees. Reserve Bank of India begins testing the central bank digital currency. Dealers report a few glitches in bond transactions. The Retail testing is likely to begin next month.
The Covid pandemic may be over but all’s not well with the auto sector yet. Some of the biggest auto companies have opted to stay away from the biennial event. Auto Expo was supposed to take place this year but had to be postponed a year because of Covid.
The 2-wheeler section will be much diluted with all the major players like Honda, Hero MotoCorp, TVS, Bajaj, Royal Enfield and even Harley Davidson giving the Expo a miss.
Among personal vehicle manufacturers, the entire German pack, comprising Mercedes, BMW, Volkswagen, Audi and Skoda skipped the meet. Even Mahindra & Mahindra has decided to stay away.
The focus is likely to be on electric vehicles. The other manufacturers comprising Maruti, Hyundai, Tata, Toyota, and Kia are also likely to be present in large numbers.
For more on the reasons why Auto Expo is missing some big names, Chetan Bhutani brings in a report.
The Reserve Bank of India's Monetary Policy Committee is holding a special meeting on the 3rd of November. It is expected that the panel will discuss a response to the government on why its actions have been unable to rein in inflation.
For more on the significance of this meeting, we have with us the Managing Editor of the Business Today Magazine - Anand Adhikari.
Housing sales are likely to hit an all-time high this year. According to a study by property consultant Anarock, sales could hit 3.6 lakh units in seven major cities on the back of strong demand. This is despite the hardening of interest rates on home loans and increasing property prices. My colleague Aabha Bakaya speaks to Abhishek Basumallick, Founder, Intelsense Capital to understand what this means for real estate stocks which, incidentally, were the biggest losers in Samvat 2078.
High prices force a special meeting of the RBI panel on interest rates. The Monetary Policy Committee will meet on 3rd November, likely to discuss a reply to the government on why the RBI has been unable to contain inflation.
Sensex and Nifty end a volatile session on a Nifty ends the October series on a positive note, gaining over 900 points.
US escapes the clutches of recession, posting a GDP growth of 2.6% in the July to September quarter after 3 back-to-back contractions.
Elon Musk enters Twitter headquarters carrying a sink and assures employees of the social media platform there will be no layoffs. He has just one more day to complete the buyout.
It will be a bland Auto Expo 2023, especially for bike lovers, and all major 2-wheeler companies to skip the auto fest. Luxury car makers also stay away from the event happening after 3 years.