The April-June 2024 quarter was a challenging one for blue-chip companies. The combined net profit of the Nifty 50 constituents grew at its slowest pace since December 2022 due to the underperformance of some oil & gas, metal, and paint companies. Analysts predict that the situation will persist in the near term, despite maintaining a positive outlook on India’s economy. Here’s a look at India Inc.’s performance in Q1FY25.
With India’s GDP estimated to hit $30-35 trillion by 2047, the country is well on its way to becoming a global superpower, thanks to a young population, an expanding middle class, a thriving digital economy, and its focus on sustainability. The country, however, must address several challenges and successfully navigate emerging geopolitical tensions to achieve the vision for 2047. A look at the numbers
The recently released Economic Survey and Union Budget 2024-25 reveal that the Prime Minister Narendra Modi-led NDA government is committed to continuing ongoing infrastructure development, with a renewed focus on job creation and welfare for the marginalised. Because of surging tax revenues and a controlled fiscal deficit, the government can now prioritise its development objectives. Let’s find out what the documents say about the government’s strategies and their outcomes.
Indicating optimism in the market, promoters, domestic fund managers, and global investors increased their stakes in various stocks across sectors in FY24, according to India Inc.’s latest shareholding data. Investors, both domestic and foreign, poured more than Rs 4 lakh crore into equities as the benchmark Nifty 50 rallied over 29% during the year. Here’s what the latest shareholding data reveals
Foreign direct investment (FDI) declined for the second consecutive year in FY24, dropping to $70.95 billion. Analysts blame high interest rates in developed economies and the Lok Sabha elections for deterring foreign investors. With the Narendra Modi-led NDA government winning a third term at the Centre, signalling policy continuity, the trend may reverse in the coming years, say experts. Let’s take a look at the FDI trends
A total of 58 companies have filed documents with Sebi for initial public offerings (IPOs) and are looking to raise nearly ₹65,000 crore in the next 12 months. At present, 18 have secured the regulator’s approval to raise ₹11,400 crore. market watchers believe the fundraising in FY25 will be higher than the amount raised in FY24. Here’s what the IPO space looks like at present
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