US Stocks | Unlikely to see LRS relaxation until FII outflows reverse: Karan Aggarwal, Ametra PMS
Indian markets face pressure from currency weakness and foreign investor outflows. Experts believe easing overseas investment rules is unlikely until external balances stabilize and foreign investor trends reverse. Indian households should consider international equities for diversification, not core holdings. A 5% to 10% exposure to technology and AI sectors in developed markets is recommended.
Q3 results today: Meesho, Nestle among 158 companies to report earnings on Friday
Nestle India’s Q3 results are anticipated to show steady revenue growth. Strong domestic sales are expected to drive this performance. However, rising input costs may impact profitability. Analysts predict a modest year-on-year profit increase. The company’s focus remains on volume expansion and innovation for long-term growth. Investors will monitor commentary on commodity prices.
BofA CEO Moynihan sees India as major growth engine, calls for more capital
Bank of America CEO Brian Moynihan says India is the fastest-growing major market globally, offers huge opportunity, and will need large amounts of capital to sustain its growth. He praised Prime Minister Modi’s consistent reform agenda, including Make in India, but urged regulators and bureaucracy to make doing business easier, especially around operational and data […]
Dollar poised for weekly slide as global tensions rise
Global tensions, fueled by U.S. tariff threats against Cuba and potential strikes on Iran, are weakening the dollar. Despite domestic hopes of averting a government shutdown, geopolitical strains are impacting U.S. assets. Meanwhile, Japanese inflation met the central bank’s target, offering a slight reprieve for the yen.
Foreign investors rejig offshore structures to satisfy Indian tax rules
Foreign investors are bolstering offshore arms with tangible operations to demonstrate substance, following a Supreme Court ruling that denied tax benefits to entities lacking it. Measures include appointing local directors and hiring office space to prove these entities are not merely paper companies designed to evade Indian taxes.
Foreign inflows must to put rupee on strong footing
India’s rupee is underperforming despite strong economic fundamentals, according to the Economic Survey. Tepid foreign investment has led to a balance of payments deficit, weakening the currency. Uncertainty surrounding a US trade deal also plays a role. The survey highlights the need for proactive reforms to attract much-needed foreign capital for sustainable growth and rupee […]
BofA CEO Brian Moynihan flags India as major growth engine, calls for more capital to fuel expansion
Bank of America CEO Brian Moynihan sees India as a rapidly growing market requiring significant capital for expansion. He commends Prime Minister Modi’s reforms but urges for easier business processes. Moynihan also discusses global trade shifts, national security concerns, and the evolving role of the US dollar.
US stock futures fall on Apple warning, gold up
US equity futures declined as Apple warned of margin pressures, fueling concerns about AI investment returns. Gold and silver saw gains, while Asian shares edged higher. Investors are increasingly wary of the timing and profitability of massive tech spending on artificial intelligence.
Muthoot Finance raises $600 million via overseas dollar bonds
Muthoot Finance successfully raised approximately $600 million through a senior secured US dollar bond. The 4.5-year bond, secured against company assets, was priced at a tighter-than-expected 5.75%. This marks the company’s third overseas bond issuance in the past year.
No FDs please: Indian households’ financial savings strategy changes
Indian households are increasingly investing in equities and market-linked instruments. This shift marks a significant change from traditional bank deposits. The trend shows growing confidence in riskier assets. While equity participation is rising, the debt market remains underdeveloped. Developing the debt market is the next step for a robust financial system.