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The Economic Times

India's home & household market expected to reach USD 237 bn by 2030: Deloitte report

India's home and household market is projected to reach USD 237 billion by 2030, growing at over 10% annually. This growth is driven by rising disposable incomes, shifting consumer preferences, and a focus on comfort and convenience. Tier 2 and tier 3 cities are emerging as significant growth hubs.

Business Standard

Godrej Capital to enter affordable housing loan segment by December

Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...

Business Standard

India's home & household market to reach $237 bn by 2030: Deloitte

India's home and household market is expected to reach USD 237 billion by 2030 at a compounded annual growth rate (CAGR) of over 10 per cent, fuelled by increasing disposable income, shifting consumer preferences and a growing focus on comfort and convenience across product categories, according to a report by Deloitte. The report, Powering Consumption Growth-India's Home and House Market, launched at the two-day event MAPIC India 2024, which began here on Wednesday, also said that the home and household market are witnessing strong demand, particularly in tier 2 and tier 3 cities that are emerging as growth hubs. It also said that omnichannel retail and e-commerce are helping businesses connect with consumers, expanding their reach beyond urban centres. Stating that factors such as high disposable incomes, the rise of digital platforms, easy access to credit, and young consumers seeking modern designs, home renovations and personalisation, which provide tailored offerings to ...

Business Standard

Euro near three week high against US dollar, Fed meet in focus

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Mint

Sodhani Academy of Fintech Enablers IPO: Steps to check Allotment status, GMP as focus shifts to listing

Sodhani Academy of Fintech Enablers IPO: As subscription for the allotment for initial public offering ended on 17 September, allotment is to be finalised soon. Steps to check Allotment status, GMP as focus shifts to listing

The Economic Times

Japanese shares rebound modestly with Fed verdict in focus

In a boost to exporters, the yen began the session near 142 per dollar after it strengthened to below 140 in a holiday-thinned Asia session on Monday.

The Economic Times

New Andhra Pradesh liquor policy to focus on quality liquor at reasonable prices and premium outlets

The Andhra Pradesh government will introduce a new liquor policy focusing on quality and premium outlets. The policy aims to provide affordable, quality liquor while addressing health concerns. It includes measures to simplify the tax structure and fund de-addiction centers, targeting better enforcement and investment in the state.

The Economic Times

Cadence boss on what's wrong with India's semiconductor plan

Cadence Design CEO Anirudh Devgan suggests India should focus on building its own chip design companies rather than relying on multinationals for manufacturing. He believes India has the talent to create world-class chips and advocates for a top-down approach, prioritizing product and design companies with government policy support.

Mint

Hero Future Energies to invest $20 billion to boost renewable energy capacity to 30 GW by 2030

Hero Group's power unit plans to invest $20 billion to increase its capacity to 30 GW by 2030, up from 1.9 GW. The investment will focus on wind, solar, and battery storage, with funding from internal sources and a mix of debt and equity.

Business Line

Samir Kumar to take over as Amazon India head from October 1

Amazon’s focus on India is evident from its continued investments in the country, with plans to digitize millions of small businesses by 2025

Mint

Reliance Power share price surges 5%. Here's why

Stocks in focus: Reliance Power has successfully settled a substantial debt owed by its former subsidiary, Vidarbha Industries Power Limited (VIPL).

The Economic Times

Mazagon Dock Shipbuilders shares to trade ex-dividend tomorrow

Shares of defense PSU Mazagon Dock Shipbuilders are in focus today, as the company has set September 19 as the record date for determining shareholder eligibility for dividend payments. Consequently, today is the last opportunity to purchase shares to qualify for the announced dividend of Rs 12.11 per share, which was declared earlier in May for the financial year 2023-24.

Business Standard

India will contribute to 35% of global energy demand in 2 decades: Puri

Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand, Indian Minister Hardeep Puri said here on Tuesday at a multinational conference held to deliberate on the world's energy needs. The 52nd Gastech Exhibition & Conference kicked off Tuesday with strategic insights from the world's five leading energy ministers, including India's, at the George R Brown Convention Center. The event, themed 'Transforming Energy Through Vision, Innovation, and Action,' brought into focus a need for global energy stability and rapid decarbonisation. In his keynote address, Union Minister of Petroleum & Natural Gas, Hardeep Singh Puri underscored India's increasingly dominant role in the global energy landscape. "If global demand is increasing by one per cent, ours is surging three times faster. Over the next two decades, India will contribute to 35 per cent of the global increase in energy demand," he said. He framed India's challenge as an ...

The Economic Times

Big movers on D-Street: What should investors do with Mazagon Dock, Adani Green and Tata Motors

Stocks that were in focus include names like Mazagon Dock, which fell 1.45%, Adani Green, which gained 0.74%, and Tata Motors, whose shares fell 1.3% on Tuesday.

CNBC TV18

Oil steadies with Middle East tensions and stockpiles in focus

Brent traded near $74 a barrel after rising almost 3% over the previous two days, with West Texas Intermediate above $71.

The Economic Times

Crypto-based platform to Wager on US Prez poll

​​The trading firm Wintermute Trading, which offers liquidity for digital assets by buying and selling them in the crypto market, is collaborating with crypto risk manager Chaos Labs to launch a betting market next week that will focus on the outcome of the contest.

The Economic Times

Focus on capacity expansion, commuter safety: Nirmala Sitharaman to Railways Ministry

In a meeting with senior railways ministry officials, Sitharaman asked them to expedite the implementation of the indigenous automatic train protection system, or the so-called Kavach system, expand the electrification of railway tracks and lay new lines, in sync with the capex outlay provisioned in the 2024-25 Budget, according to a finance ministry statement.

The Economic Times

With Hourglass, HUL feels time is ripe to enter India luxury cosmetics

Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL's strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India.

Mint

Stocks in focus: These three shares are among top bets by Motilal Oswal for this week

Brokerage firm Motilal Oswal has recommended three stocks - JK Cement, Havells India and Hindustan Unilever - to buy this week with decent upside move.

CNBC TV18

Trade Setup for September 18: Is the Nifty positioning itself for a 50 bps cut from the Fed?

Wednesday will also be the weekly expiry of the Nifty Bank, that will continue to keep the now-outperforming sector in focus.

Mint

Wall Street today: US stocks gain after retail sales data, Federal Reserve in focus

At 09:49 a.m. ET, the Dow Jones rose 0.19 per cent, the S&P 500 gained 0.38 per cent, the Nasdaq gained 0.72 per cent

Business Standard

Govt implements many farmer-friendly policies in first 100 days: Amit Shah

The government has implemented several farmer-friendly policies in its first 100 days of the third term with focus on improving agricultural productivity and exports, Cooperation Minister Amit Shah said on Tuesday. Addressing a press conference on the completion of 100 days of the Modi 3.0 regime, Shah said the government has implemented policies worth Rs 15 lakh crore across 14 sectors. Listing works initiated for the welfare of the farmers, he also said the Modi government has launched the agriculture fund to support startups and rural enterprises, driving agricultural innovation. The minister said the Agriculture Infrastructure Fund has been expanded to enhance agricultural infrastructure and support to farmers, and Rs 14,200 crore has been allocated across seven schemes to improve farmers' lives and livelihoods. The minister highlighted key achievements in the farm sector, including the disbursement of Rs 20,000 crore to 9.3 crore farmers under the Pradhan Mantri Kisan Samman .

The Economic Times

US stocks open higher after retail sales data, Fed decision in focus

Wall Street's main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve's policy meeting starting on Tuesday, after data signaling a healthy consumer allayed worries of a sharp slowdown in the U.S. economy.

Business Standard

Infosys enters collaboration with UK's Metro Bank to digitalise operations

Indian IT major Infosys on Tuesday said it has entered into a long-term collaboration with British community bank Metro Bank to digitise the bank's operations. The collaboration will utilise Infosys Topaz, the firm's AI-first offerings, to enhance Metro Bank's digital capabilities, improve automation, refine data, and embed further AI capabilities. This will assist the bank in increasing efficiency and saving costs, a regulatory filing said. "At the end of this transformation, we will be a very different business, but the true essence of Metro Bank will remain the same -- a high-quality service organisation putting customers centre-stage," Metro Bank CEO Daniel Frumkin said. The bank expects to deliver 80 million pounds of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen return on tangible equity by 2027, he added. "Our shared goal is to continually enhance customer engagement, community focus, and the

Mint

Ahluwalia Contracts gets an upgrade from Axis Securities; 3 reasons why the brokerage is bullish on the stock

Ahluwalia Contracts India has a robust order book of ₹16,846 crore, ensuring strong revenue growth for the next 3-4 years. Axis Securities upgraded the stock rating to 'buy' due to positive government infrastructure focus and anticipated high double-digit growth in FY25 and FY26.

The Economic Times

POSI insurance: A critical coverage for companies eyeing IPOs

Going public is a significant milestone for companies, offering new funding and market expansion but also increased scrutiny. Public Offering of Securities Insurance (POSI) helps protect companies from legal and financial risks during IPOs, ensuring leadership can focus on growth without constant worry about potential liabilities.

The Economic Times

Motilal Oswal Foundation pledges Rs 130 crore to IIT Bombay for financial markets program

Motilal Oswal Foundation has pledged Rs 130 crore to IIT Bombay for establishing a world-class academic infrastructure and developing a financial markets program. This marks one of the largest corporate philanthropic contributions to an Indian educational institution. The Motilal Oswal Knowledge Centre will be set up on IIT Bombay's campus, and the Motilal Oswal Centre for Capital Markets will focus on building high-end capabilities in the financial sector

Mint

Investors should diversify in large caps and flexicaps to limit correction impact: Aamar Deo Singh of Angel One

Aamar Deo Singh advises investors to be cautious with expensive valuations and focus on large and flexicap stocks. He recommends diversifying portfolios and booking profits during corrections, emphasizing the importance of quality investments for long-term growth.

Hindustan Times

All bosses and leaders should focus on these 3 things, as per Microsoft's Satya Nadella

Satya Nadella emphasizes the need for leaders to adapt and focus on optimism, energy, and clarity to effectively manage employees.

The Economic Times

Frendy to open 300 marts and a network of 10,000 micro kiranas by 2026, expects Rs 500 crore revenue

Frendy, a grocery chain, plans to open 300 marts and achieve Rs 500 crore in revenue by 2026. The firm currently operates over 25 mini marts and 2,000 mini kiranas. The focus is on expanding in tier 3 towns and digitally connecting micro kiranas to these marts.

The Economic Times

Billionaire Kotak’s unit to launch its first private credit fund to tap a booming market

Kotak Mahindra Asset Management plans to launch its first private credit fund, aiming to raise around 10 billion rupees. This move follows other firms like Nippon Life India and ICICI Prudential entering the direct lending market. The fund will focus on performing credit and is expected to launch by December after regulatory approvals.

The Economic Times

Adani Green shares may rise up to 30%, says Investec while initiating coverage

Investec predicts that using advanced tech in ideal locations will boost energy production significantly. Combined with a greater focus on selling directly to customers, this should result in a 60% annual profit growth over the next six years.

The Economic Times

Bajaj Housing Finance, India’s most valuable mortgage lender, sees competition ebbing

Bajaj Housing Finance Ltd., India's leading mortgage lender, sees competition easing as larger banks shift focus from retail to corporate credit. Chairman Sanjiv Bajaj noted the company's shares surged after a successful IPO, and it plans to expand sensibly in key markets. Home prices outside major metros remain steady.

Mint

Dell to focus on AI factory, GenAI services to grow in India

The Dell AI Factory integrates Dell’s infrastructure with Nvidia's graphic processing units and AI capabilities to support businesses on their AI journey.

Mint

Reliance Infra share: Anil Ambani-owned stock jumps 6% on fundraise buzz

Stocks in focus: Anil Ambani's Reliance Infrastructure shares witnessed strong buying interest during early morning deals on Tuesday

Hindustan Times

Bill Gates' praise for India: ‘Midday meal, other initiatives very impressive'

Bill Gates praised India’s focus on malnutrition, giving it an A for its efforts in public feeding and fortified foods.

Mint

Stocks in focus: Ruchit Jain of 5paisa recommends buying NTPC, and Greaves Cotton today

Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today - NTPC Ltd and Greaves Cotton Ltd.

The Economic Times

Big movers on D-Street: What should investors do with Marcrotech Developers, HDFC Bank and Adani Green?

Sensex rebounded nearly 100 points to hit a lifetime closing high, while Nifty ended just shy of its record peak. Stocks in focus included Macrotech Developers, HDFC Bank, and Adani Green. Analysts suggest cautious approaches for these stocks, with specific recommendations for entry points and target prices.

The Economic Times

OTT rules come into focus after outrage over Kandahar series

The controversy surrounding Netflix's 'IC-814-The Kandahar Hijack' series has sparked discussions on tighter content regulation for OTT platforms. The series, based on the 1999 hijacking of an Indian Airlines flight, faced backlash for inaccuracies and misleading promotion. Netflix India agreed to update disclaimers, but concerns remain about its portrayal as a true story.

The Economic Times

Infosys, Wipro to start fintech hubs in GIFT City’s IFSC under Techfin framework

Both companies have taken large office spaces within the International Financial Services Centre (IFSC) to set up their operations under the TechFin framework, through which they will focus on services aligned with financial technology catering to their global clients.