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From Centre's FY26 market borrowing potentially rising to SIP inflows crossing ₹25,000 crore in October to the latest developments in Trump 2.0 — Here are the top 11 news stories across business, global events, tech, and more NSE #TopNews India’s FY26 market borrowing may be higher on pandemic-related redemptions The government is laying the groundwork for a likely increase in market borrowing in the next financial year. Sources indicate that higher gross market borrowing can be expected in FY26 due to an increase in redemptions when part of the COVID-19 pandemic borrowings become due for repayment.
Consequently, the government, in consultation with the Reserve Bank of India (RBI), has already conducted buybacks and switches of dated securities. In FY25, the government executed buybacks worth ₹80,000 crore and switches totaling ₹1.35 lakh crore, against ₹1.
5 lakh crore worth of G-secs to be switched in the current fiscal. Together, these measures have addressed ₹2.15 lakh crore worth of COVID-related loans to date.
Read Here Indian dairy industry fears global giants will 'milk' the market with deep discounts The Indian industry has opposed opening of the dairy sector for foreign trade over fears of deep discounting by global dairy players in the Indian market. The dairy industry is of the view that if allowed without duty, it will be difficult to distinguish between types of imported dairy products which may harm the Indian dairy sector. The industry has cited the instance of government support provided to dairy farmers in the European Union (EU) as directly proportional to the net output, which means that bigger farmers get more subsidies from the government.
However, the situation is the converse in India as support to dairy farmers out here is mostly directed at smaller farmers. Read here Britannia says cities contributed 30% to sales but a lot more to the slowdown FMCG major Britannia Ltd. has reaffirmed the urban slowdown within the sector during its earnings call.
The management mentioned that while urban markets contributed nearly 30% of the overall sales for the quarter but had a greater contribution to the slowdown. The management during the earnings call mentioned that the Metros grew the slowest for the FMCG segment during the September quarter and the contribution of Metros to the slowdown stood at 2.4x.
Slowdown in the urban markets was led by increase in household expenditure and not enough increase in income. Read Here SIP inflows cross ₹25,000 crore for the first time in October Systematic Investment Plan (SIP) contributions surged to an all-time high of ₹25,323 crore in October 2024, marking an increase from ₹24,509 crore in September 2024. This marks the first time SIP inflows have crossed the ₹25,000 crore threshold.
New SIP registrations also saw a sharp increase, with 63.7 lakh new SIPs registered in October, up from the previous month's 58.7 lakh.
This brought the total number of SIP accounts to 10.12 crore, a 2.5% rise from 9.
87 crore in September. The total SIP Assets Under Management (AUM) reached ₹13.30 lakh crore in October, up 2.
3% from ₹13.01 lakh crore in the previous month. These increases come amid a broader surge in equity inflows, with the mutual fund industry posting its 44th consecutive month of positive inflows.
Read here #COP29Azerbaijan COP29: Trump’s climate scepticism could delay global finance commitments, say experts The COP29 began in Baku days after Donald Trump's victory in the US elections with a lingering question on everyone’s mind: how it may alter the course of climate negotiations. With the United States expected to re-align its climate policies under a Trump presidency, uncertainty looms over critical discussions, particularly regarding climate finance. In an interview with CNBC-TV18, Roman Kramarchuk, Head of Energy Scenarios and Policy Analytics at S&P Global Commodity Insights, pointed out that the prospect of the US pulling out of the Paris Agreement under Trump places a significant strain on funding discussions at COP29.
He noted that much of the current agenda involves developed countries providing financial support to developing nations, enabling them to adopt stricter Nationally Determined Contributions (NDCs) and address loss and damage from climate impacts. Read here #CNBCTV18Market ICICI Bank shares can re-rate further, says Morgan Stanley Brokerage firm Morgan Stanley expects shares of ICICI Bank Ltd , one of India's largest private lenders, to re-rate further, following its recent outperformance. ICICI Bank remains Morgan Stanley’s top stock pick in this sector.
ICICI Bank shares have surged by 27% in 2024, surpassing the Nifty Bank index, which has gained 7.5% this year despite a pullback from its peak. In its latest report, Morgan Stanley reaffirmed its "overweight" rating for ICICI Bank, raising the target price from ₹1,465 to ₹1,650 — the highest target on the Street.
Read here #Trump2.0 Trump’s tariffs threaten to disrupt China’s economy, Goldman Sachs pegs 2025 growth rate at 4.5% Goldman Sachs has some bad news for China.
The global investment banking giant has forecasted that China's economy will grow at 4.5% in 2025, its slowest pace since 2020, as high US tariffs could disrupt China’s export-driven economy. Beijing has been announcing a slew of measures to stem the economic decline, including the latest$1.
4 trillion package. Experts say more stimulus packages may be on the cards in 2025 when Donald Trump returns to power in the US. Read here Donald Trump taps Marco Rubio as his Secretary of State Donald Trump has tapped US Senator Marco Rubio as his secretary of state, putting the Florida-born politician on track to be the first Latino to serve as America's top diplomat once the Republican president-elect takes office in January.
Rubio was arguably the most hawkish option on Trump's shortlist for secretary of state, and he has in years past advocated for a muscular foreign policy with respect to America's geopolitical foes, including China, Iran and Cuba. Read Here Tesla shares surge another 9%, add $300 billion to market cap since Trump win Tesla Inc. fans have been reinvigorated by Donald Trump’s presidential triumph.
The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker. All together, the stock has advanced over 40%, adding more than $300 billion in market capitalization since the Nov. 5 election.
Shares closed up about 9% at $350 on Monday. Market professionals point to the fact that Tesla is a classic “momentum” stock, where both gains and losses tend to snowball quickly when investor sentiment takes a sharp turn in either direction. Read here #PersonalFinance Banks to carry out fresh KYC for PM Jan Dhan accounts completing 10 years The governemnt has instructed banks to carry out fresh e-KYC for 10.
5 crore PM Jan Dhan Yojana account holders which have completed 10 years. “The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period August, 2014 to December 2014.
These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years”, a government statement said on Monday (November 11). The DFS Secretary M Nagaraju has advised banks to use all means for doing the re-KYC — such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred — through all channels like ATM, mobile banking, internet banking, and other available digital channels. Read here #DailyData #Politics The EPS flex: AIADMK's growing leverage in Tamil Nadu Actor Vijay's political foray and his recent barrage of attacks against the Dravida Munnetra Kazhagam (DMK) and the Bharatiya Janata Party (BJP), may have given the All India Anna Dravida Munnetra Kazhagam an upper hand in negotiating alliances in Tamil Nadu.
With actor Vijay Iin the picture above) hinting at opposing both the DMK and BJP in the upcoming Tamil Nadu polls, the AIADMK chief Edappadi Palaniswami, popularly known as EPS, now has the option of either forging a front of its own. It could also open the doors to its former ally, the BJP, which saw the party contest the lion's share of seats in the 2019 general elections and Tamil Nadu assembly elections in 2021. However, Palaniswami, who broke away from the BJP coalition ahead of the 2024 Lok Sabha elections, is playing its cards close to its chest.
Read here #Entertainment Tom Cruise’s Mission Impossible 8 takes fans back to where it all began in nostalgic new teaser The countdown to the end of an era has officially begun. The teaser trailer for Mission: Impossible – The Final Reckoning is here, and it’s a nostalgic rollercoaster that leaves fans both exhilarated and emotional. As if gravity-defying stunts weren’t enough, Tom Cruise’s Ethan Hunt takes us on one final ride, promising that it will be “one last time”.
Read here We'll see you with another 11:11 tomorrow!.
