BUSINESS
India's Market Capitalization Set to Reach $10 Trillion by 2030
However, Jefferies suggests that this scenario is poised to change in the coming years as the market's free float increases and certain anomalies in weighting are rectified. Based on historical market performance over the past 15-20 years and considering anticipated new listings, India is projected to evolve into a nearly $10 trillion market by the year 2030. Such a substantial growth trajectory would render it impossible for major global investors to overlook.
Hyundai India's IPO Proposal: A Gateway for MNCs to Enter Indian Stock Markets
The trend of global MNCs finding success in the Indian stock market is undeniable. Companies like BAT (LON:BATS), with its stake in ITC, as well as Whirlpool, and now Hyundai, have all embarked on journeys to monetize their interests in Indian enterprises. This momentum is expected to encourage more multinational players to consider similar avenues for listing or asset monetization, according to the report.
Industry Body Forecasts Strengthened Electronics Manufacturing under PM Modi 3.0
Pankaj Mohindroo, Chairman of ICEA, emphasized that various emerging sectors such as cells, printed circuit boards (PCBs), displays, and semiconductors are poised to establish robust foundations in the coming years.
Industry Body Forecasts Strengthened Electronics Manufacturing under PM Modi 3.0
Pankaj Mohindroo, Chairman of ICEA, emphasized that various emerging sectors such as cells, printed circuit boards (PCBs), displays, and semiconductors are poised to establish robust foundations in the coming years.
Prime Minister Modi Commends Amul's Success, Encourages Pursuit of Global Leadership
Addressing a gathering of milk producers from Gujarat at Motera Stadium, the Prime Minister outlined ambitious plans to double the milk processing capacity within the next five years. He commended Amul as the world's eighth largest dairy, lauding its reputation for trust, collaboration, and farmer empowerment.
Indian Space Industry Embraces Amended FDI Norms, Anticipates Future Liberalization
The decision by India to revise its FDI regulations for the space sector is anticipated to attract significant foreign investments, estimated to reach up to $25 billion over the next decade. This revision is expected to facilitate collaborations between Indian and foreign entities, fostering growth and innovation within the industry.
India's Business Activity Reaches 7-Month Peak in February
The flash India Composite Purchasing Managers' Index (PMI) by HSBC, compiled by S&P Global, climbed to 61.5 this month from 61.2 in January, marking the 31st consecutive month above the 50-mark, indicating expansion.
India on track to become world's third-largest, USD 10 trillion economy: WEF President Borge Brende
Acknowledging geopolitical challenges worldwide, the WEF president commended India's resilience and highlighted the necessity of identifying areas for collaboration amid global uncertainties. He lauded India's economic growth rate, particularly its resilience amidst global economic fluctuations, contrasting India's growth with that of the United States.
Cabinet Approves 8% Increase in Sugarcane Price, Benefiting 5 Crore Farmers
Significantly higher than the A2+FL cost of sugarcane by 107 percent, the revised FRP aims to bolster the economic well-being of sugarcane farmers.
Byju's Successfully Subscribes $200 Million Rights Issue
According to a shareholders' letter obtained by IANS, Byju's founder and CEO Byju Raveendran expressed that the $200 million raised through this rights issue would provide the necessary capital to address existing liabilities and fuel the company's growth trajectory, aiming to restore its previous success.
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