TexBr India is currently in the middle of its Q4 FY24 earnings season, and for the most part, large-caps have been resilient. Key economic bellwethers like HDFC Bank (HDB) and ICICI Bank (IBN) have led the way on the back of solid loan growth and stable asset quality trends. Another positive read-through for demand was…
selamiozalp We covered the iShares MSCI India ETF (INDA) a while back as we figured that Indian equities would surge, given favorable risk premium alignment and trend growth numbers. Fortunately, our rating worked out rather well, as the vehicle has surged ever since. INDA ETF Rating in August 2023 (Seeking Alpha) Although we think the…
ronniechua By Bradley Krom If you only focused on the returns of the MSCI Emerging Markets (EM) Index, you’d think EM was dead money. If you looked at the MSCI Emerging Markets Ex-China Index, you’d basically be at breakeven over the last two years. But if you look at the WisdomTree India Earnings Fund (EPI),…
The India Today Group/The India Today Group via Getty Images India’s interim budget has come and gone minus the usual freebies that typically come pre-election. Instead, it was as fiscally responsible as it gets, while also maintaining a status quo policy stance heading into the April/May election season. Fiscal prudence is a clear positive for…
Manuel Augusto Moreno/Moment via Getty Images China is finally giving up on China. Last week, Bloomberg reported that the country’s investors purchased US and Japanese funds, among other geographically focused ETFs, at the expense of Chinese funds. It has the feeling of near-capitulation following a more than 60% drawdown in the iShares China Large-Cap ETF…
A senior official in Narendra Modi’s government has warned that social media companies will be held accountable for AI-generated “deepfakes” posted on their platforms in compliance with “very clear and explicit rules” as India prepares for a general election this year. Rajeev Chandrasekhar, minister of state for electronics and IT, said that India had “woken…
Manuel Augusto Moreno/Moment via Getty Images I covered Fairfax India Holdings Corporation (OTCPK:FFXDF)(FIH.U:CA) (“Fairfax India”) about a year ago posing Fairfax India as a solid investment to provide investors with exposure to one of the largest emerging countries in the world that can yield fantastic returns in the long term. Since January 2023, from reviewing…
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services. Apple has recently made a big decision to block certain popular cryptocurrency exchange apps from its App Store in India. This choice was influenced by the increasing regulatory pressure from Indian authorities who are…
NicoElNino By Sukumar Rajah, Senior Managing Director, Director of Portfolio Management, Franklin Templeton Emerging Markets Equity | Murali Yerram, Portfolio Manager, Franklin Templeton Emerging Markets Equity India is entering a period of self-sustaining expansion as prior reforms create a virtuous cycle of growth. This could drive nominal gross domestic product (GDP) growth as high as…
Pavan Kulkarni India has been the standout market in Asia yet again in 2023 and has seen its listed equity market cap cross a landmark $4tn – effectively making India the fifth-largest equity market in the world. The catalyst for the latest leg in the Indian rally was a resounding state election victory for the…
The Sandbox metaverse platform is confident to add 3 to 4 million users in the next two years from India through the BharatBox platform. India, a fast-growing country that has adopted the digital industry to improve its economy, has attracted notable global Web 3.0 companies in the past few years. Despite the country’s regulators implementing…
daboost By Kim Catechis, Investment Strategist, Franklin Templeton Institute The fifth-largest economy in the world appears to be facing an unprecedented window of opportunity. International investors are asking: Is this the new China? India is big, it has a young population, and the government has implemented various “business-friendly” reforms. But it is still classified as…
Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA). Blockchain protocol Algorand (ALGO) has announced its expansion into India through major collaborations with prominent organizations including NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Algorand’s Impact…
Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. India is seeking to revive underground coal mining as it tries to boost production to meet the country’s fast-growing energy needs despite international pressure to phase down use of the polluting fossil fuel….
Deepak Sethi ETF Profile The Columbia India Consumer ETF (NYSEARCA:INCO), with a trading history of ~12 years, and $122m in AUM offers investors exposure to around 30 Indian consumer companies. These are essentially staple and discretionary stocks, with exposure to sub-terrains such as automobiles, food and beverages, media, retail, travel and entertainment, etc. Garnering access…
FrankRamspott/E+ via Getty Images The quality emphasis of Invesco’s India ETF (NYSEARCA:PIN) (achieved by tracking the FTSE India Quality and Yield Select Index) has proven to be a winner this year, almost doubling the MSCI India’s high-single-digit % gain. While Q3 saw a modest pullback on inflation concerns, this week’s headline consumer inflation release (down…
Stay informed with free updates Simply sign up to the Uday Kotak myFT Digest — delivered directly to your inbox. India must not let a handful of conglomerates “define its destiny”, the billionaire who founded one of the nation’s largest banks has warned, as he urged the country to aim for broader growth with many…
da-kuk This year, India surpassed China as the most populous country in the world, and has continued to show strong economic growth. These positive reports, and general optimism about India being the fastest growing large emerging market on friendly terms with the United States, probably explain why India now has a CAPE ratio of 32.2,…
Gemini began its venture into the Indian market earlier this year after it announced the opening of its second-largest office in Gurgaon. One of the globally top-rated centralized cryptocurrency exchanges, Gemini Trust Company LLC, has announced plans to inject up to INR 200 crore, or about $24 million, into the economy of India in the…
adventtr/iStock via Getty Images By Dina Ting, CFA, Head of Global Index Portfolio Management, Franklin Templeton ETFs India is growing in influence on the world stage, and its vibrant market is worth paying attention to, according to Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton ETFs. Find out more. From back-to-back celestial successes…
On the occasion of the G20 summit, India said that it is willing to closely cooperate with all member nations to work on a clear regulatory framework for crypto. In the upcoming months, India is planning to decide its own position and stand on digital assets after proper analysis and consultations. India would obviously consider…
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain…
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The exchange recently partnered with blockchain platform Neo to bring its APAC Hackathon to the southern city of Bengaluru in an effort to understand the local culture and support the Web3 ecosystem. Global cryptocurrency exchange OKX has announced that it will be expanding to India despite the murky regulatory environment in the country. In an…
Jean-Luc Ichard The Compagnie de Saint-Gobain (OTCPK:CODGF) (OTCPK:CODYY) (or just Gobain for short) has always been a solid, specialised building materials pick that flies somewhat below the radar on European markets. What is surprising is their continued organic growth in the face of volume pressures, and what’s been a boon are their exposures to some…
keeweeboy/iStock via Getty Images India’s audacious leap from a cash-centric economy to a pioneering digital payments powerhouse is revolutionizing the financial landscape. India’s digitization journey has revolutionized multiple sectors and transformed the lives of its citizens. With a particular focus on digital payments, India has ushered in a new era of financial accessibility, convenience, and…
The competition, which has a submission deadline in July next, will allow tech enthusiasts add to crypto innovation in India. India is looking to launch a new web browser that allows people to digitally sign documents using crypto tokens. According to an official press release, the Ministry of Electronics and Information Technology (MeitY) launched the…