Tejashwi Yadav

AC Sales Set to Reach 14 million Units Annually in 2024, Says CEAMA
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Sales numbers in May were phenomenal, and for this industry also, the demand has been extremely good. In summer months itself, this will represent volume growth of 30 to 40 per cent," said Sunil Vachani, President, CEAMA. The steady increase in the temperature with the frequency of the heatwaves is definitely making air conditioning more of a "must-have" for urban Indian households, Vachani added.
Government Plans Sale of Rs 38,000 Crore Bonds Through RBI's Innovative Auction Approach
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These bonds comprise three categories: firstly, the "7.33 per cent Government Security 2026" will be offered for a set amount of Rs 6,000 crore via a price-based auction employing the multiple price method. Secondly, the "New Government Security 2034" will be available for Rs 20,000 crore through a yield-based auction also utilizing the multiple price method. Thirdly, the "7.25 per cent Government Security 2063" will be up for sale for Rs 12,000 crore via a price-based auction employing the multiple price method, as stated by the Finance Ministry in an official statement.
India's Foreign Exchange Reserves Continue Ascending for the Fifth Consecutive Week
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During the reported week, there was a modest increase of $140 million in the foreign exchange reserves. Notably, the surge in reserves owes much to the appreciation in the value of gold reserves, which saw a rise of $347 million.
India's Private Equity Landscape Shows Persistent Growth: Report Findings
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Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, commented on the stability observed in India's deal market amidst global turbulence. While M&A activity experienced a notable decline in value, PE investments continued their upward trajectory, albeit with reduced figures. Looking ahead, despite short-term volatility, Vijetha expressed optimism in India's strong fundamentals and economic recovery, which are expected to bolster investor confidence.
India's Market Capitalization Set to Reach $10 Trillion by 2030
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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.
Three Indian Markets Across Cities Make Notorious Markets List in the US
Anurima Das -
The three Indian markets highlighted in the report are Heera Panna in Mumbai, Tank Road in Karol Bagh, New Delhi, and Sadar Patrappa Road Market in Bengaluru. The online platforms from India that made it to the list include IndiaMart, Vegamovies, and WHMCS Smarters. This acknowledgment underscores the significance of robust enforcement against the trade of counterfeit goods to safeguard economies.
Market Trends in the Upcoming Week to Be Influenced by Q3 Results
Anurima Das -
The earlier enthusiasm surrounding potential early rate cuts by the US Federal Reserve has waned due to higher-than-expected US inflation and positive job data. This shift has tempered global market sentiments, introducing a note of caution.
Global Market Surge Propels Nifty, Sensex to All-Time Highs
Kumar Manoj -
All sectoral indices, except for oil & gas and power, closed in positive territory, with auto, bank, and metals sectors each witnessing a 1% rise, contributing to the overall market uptrend.
Correction in broader markets inevitable, say analysts
IANS -
The global support to the market from the US market where the S&P 500 is close to all-time high is significant, he said.
2024 forecast to be a sector rotation period for Indian equities
IANS -
However, some exhaustion is noticed in mid and smallcaps after the stretched rally of last two months.
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