Foreign portfolio investors have been heavily selling Indian shares in the run-up to the general elections. But what’s notable is FPIs have been paring their holdings of defensive stocks instead of those with more growth potential. This shows they remain bullish on the sustained earnings potential of growth stocks in industries like discretionary spending and … Read more
India’s aviation sector remains robust but external pressures pose the biggest risks for growth, according to the CEO of Vistara Airlines. Aviation demand in India is “still progressive” and headed in a positive direction, Vinod Kannan told CNBC in an exclusive interview. However, factors such as fuel costs as well as the strong U.S. dollar … Read more
Prime Minister Narendra Modi’s first foreign visit will likely be to Italy. Following his re-election, PM Modi has accepted invitation from Italian Prime Minister Giorgia Meloni to participate in the G7 Summit, scheduled from June 13 to 15 in Borgo Egnazia, Apulia. According to a statement from the Ministry of External Affairs, Modi conversed with … Read more
“Sales” is the most common search term by recruiters in India on hiring and matching platform, Indeed. Triloks | E+ | Getty Images India may be one of the fastest growing economies in the world, yet looking for jobs can be a challenge in a country that’s seen unemployment surge 8% in recent months. But … Read more
With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
Canada’s spy chief says that political leaders could take steps to make sure parliamentarians accused of cooperating with foreign governments face consequences, even if they don’t face criminal prosecution. David Vigneault, the director of the Canadian Security Intelligence Service (CSIS), suggested to a parliamentary committee Thursday that party leaders could disallow any of their MPs … Read more
Although concerned that a thinner majority may restrict Prime Minister Narendra Modi from carrying large-scale pro-growth reforms, billionaire investor Mark Mobius is confident that the bull run is intact and that the Sensex can even hit the 1 lakh mark before Modi finishes his third term. The 87-year-old investor, known as an India bull in … Read more
Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters A stunning political setback for Indian Prime Minister Narendra Modi has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to … Read more
India’s leading automaker Maruti Suzuki on Wednesday announced the ‘Dream Series Limited Edition’ models for Alto K10 VXI+, S-Presso VXI+, and Celerio LXI. These limited edition models will be available only in June 2024. These variants will offer model-specific enhancements designed to enhance safety and utility features. The Dream Series edition of the three models … Read more
With Prime Minister Narendra Modi-led BJP failing to secure a simple majority on its own in the Lok Sabha election, global brokerage firm CLSA has tweaked its India portfolio to make it more defensive. It has replaced L&T with HCL Tech in India-focus portfolio. “Recognising these uncertainties, we take out L&T from our India focus … Read more
