Indian equities look set to lose momentum in 2023

Indian stocks that offered a refuge from losses that plagued global equity investors in 2022 look set to lose momentum next year as sky-high valuations weigh on market enthusiasm.That’s the consensus from analysts and strategists, who also expect the rupee to underperform emerging-market currencies broadly and the nation’s bonds to benefit from inclusion in major global indexes. Read here.

Take a look at these key events

Today
International Human Rights Day
Indian Olympic Association (IOA) elections
Single-seater motor racing championship, Indian Racing League, in Hyderabad
2-day Indo-Tibetan tourism fest to begin in Dharamsala
FIFA WC Q/F matches: Netherlands vs Argentina; Morocco vs PortugalTomorrow
PM to dedicate to nation 3 national Ayush institutes
Delhi liquor case: CBI to question KCR’s daughter K Kavitha
Goa’s second airport inauguration
6th Vande Bharat train (Bilaspur-Nagpur route) inauguration
Mumbai-Nagpur Samruddhi Expressway inauguration
XAT 2023 application deadline to end
NASA’s Orion spacecraft to return to earth from lunar orbit
Xiaomi 13 launch
FIFA WC Q/F match: England vs France

Weeks before Budget, CEA Nageswaran warns govt capex can't keep rising at same pace

Capital expenditure by the public sector cannot keep increasing as rapidly as it has in recent years, Chief Economic Adviser V Anantha Nageswaran has said. The comments by Nageswaran come at a time when expectations are that the Centre may keep pressing hard on the capex pedal in the Budget for 2023-24, set to be presented in Parliament on February 1 by Finance Minister Nirmala Sitharaman, who incidentally said last month that the government would "continue to keep pushing on capital expenditure". Read more here.

Will the Budget offer more sops for home buyers?

The last three years have been good for homebuyers. Low interest rates amid the Covid-19 pandemic outbreak and subdued home prices fuelled rising demand for homes as people shifted to working remotely as offices shut down. Home loan rates have since gone up, but demand for housing is still intact. Experts believe that to sustain demand, the government should introduce homebuyer-friendly measures in Budget 2023. Read more here.

RBI rate hikes bring cheer to depositors. These savings accounts pay up to 7.5% interest

From Ujjivan to Bandhan Bank, small finance banks and new private banks have been offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers. Here are the banks which have raised the interest rates on savings accounts and are offering up to 7.5 percent interest rates.

iQOO 11 5G India launch confirmed

The iQOO 11 5G is launching in India on January 10, 2023. As of now, there is no word on whether the company will launch the iQOO 11 Pro in India as the teaser only points to the release on the vanilla model. Check specifications, availability, expected price. Click here to read details.

Viral video: Woman holds up Mumbai local. Then, an officer’s unusual solution

A video going viral online shows a woman holding up the entire train by refusing to get off a crowded coach and allowing the automatic doors to slide shut. While the woman’s refusal to get off the Mumbai local in the face of persuasion and pleas was remarkable in itself, it was an official’s unique solution to the problem that left thousands of viewers amused. Read more here.