Deposits still most preferred instrument of saving: RBI article

The RBI’s July Bulletin notes that deposits are India’s preferred savings method, with market instruments gaining traction. Prakash et al. detail financial assets/liabilities and net wealth from 2011-12 to 2022-23, which surged during the pandemic and normalized by March 2023. Listed equity peaked end-Dec 2021. By end-March 2023, financial assets were 135% GDP, liabilities 37.8%, […]

$100 bln Indo-Russia bilateral trade achievable by 2030, trade gap no worry: GTRI

India aims for $100 billion trade with Russia by 2030 via exports, local currency trading, and Eurasian FTA. FY24 trade reached $65.7 billion, with $4.3 billion exports and 88% oil imports; import surge 8300% and 59% export growth due to discounted oil. Export strategy and currency exchange are crucial. INSTC reduces costs. Ajay Srivastava notes […]

Budget will revolve around growth, employment generation & boosting consumption: Keki Mistry

Keki Mistry stresses that reducing tax rates boosts compliance, growth, job creation, and consumption. Key areas include infrastructure, defence, affordable housing, and corporate tax cuts. He expects a recovery in household financial savings and suggests GST cuts for middle-income groups. Anticipates interest rate cuts and highlights F&O segment regulation and insurance sector potential.

Just Dial shares surge 20% to fresh 52-week high. Here’s why

Just Dial’s shares surged by 19.5% to reach a 52-week high following the company’s impressive quarterly financial results. The increase in revenue by 13.6% and net profit by 69.3% reflects a positive growth trajectory. Just Dial continues to focus on innovation and cost management for future opportunities.