Pankaj Gupta also says the company is set to significantly boost its ULIP portfolio, aiming to increase its exposure from 10 percent in FY25 to 25-50 percent by FY28.
Another 35.6 percent anticipate an uptick in the economy by the end of the 2025-26
Companies linked to troubled property and financial sectors expected to issue downbeat forecasts
Brent crude futures dropped 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT after settling up 0.8% on Friday. U.S. West Texas Intermediate crude was at $70.41 a barrel, down 23 cents, or 0.3%, after closing 1.1% higher in the previous session.
Small businesses, which account for almost 40 percent of exports, will face headwinds from the imminent economic slowdown in advanced countries, according to a Crisil analysis
As the Fed's rate hikes have gradually slowed growth, inflation has steadily eased from the four-decade high it reached last year.
Shares in United Parcel Service Inc (UPS.N) fell 10%, its biggest daily loss since July 2006, after the courier company forecast full-year revenue at the lower end of its prior target.
The country added 236,000 jobs in March, slightly less than expected, while the unemployment rate inched down to 3.5 percent, the Labour Department said.
FIIs are now 85 percent net short on Nifty futures, meaning 85 out of 100 open contracts on Nifty futures held by FIIs are a bet on the index heading lower
The greater challenge before Indian companies is the changing nature of work and the long-term battle for talent
Inflation in the euro zone hit a record 10.6 percent on an annualised basis last month, but economists polled by Reuters expect it to edge down to 10.4 percent in a flash reading for November due to be published this week
The worst possibility would not be for disinflation to be done too slowly but for policymakers to give up too quickly
While companies are digging in for a long winter, executives and politicians fear a wave of deindustrialisation
Order inflows increased at IT companies despite a reduction in global spending on IT and business services in the September quarter
An economic slowdown in China has added to a raft of bearish factors for oil, including aggressive monetary policy by central banks to try and tame inflation and a stronger US dollar
In China, the world’s largest crude importer, authorities are signalling that there’ll be no let up in the nation’s Covid Zero policy, potentially acting as a brake on energy demand
Auto stocks are in for recovery and if inflation stays entrenched, investors should look at businesses that have extremely high pricing power, he says
China’s unbridled debt-fuelled growth bears out Minsky’s famous theory: Stability breeds instability
The prospect of resuming Iranian crude supply and recession fears, along with consecutive weekly builds at the US crude oil storage hub, easing gasoline demand
The Chinese economic growth is expected to moderate to 3.5 per cent this year due to various reasons, including disturbances in the property sector and frequent Covid-induced lockdowns.
In this episode of The Week on Dalal Street, Santosh Nair and Anuj Singhal discuss if investors are underestimating the implications of a slowdown in US and Europe for the Indian market
In June, Sensex and Nifty lost 4.9 percent each, its steepest fall since March 2020. Both the indices hovered near one-year lows. The rupee at the same time lost 1.8% and the 10-year bond yields stayed flat
The global strategist at Wells Fargo Investment Institute thinks that inflation will settle at a higher level this time than that seen in the decades leading up to the pandemic.
"Indian families are suffering from the onslaught of inflation and job loss and earning less per capita than they were two years ago," Gandhi said in a Facebook post. He said the per capita income at constant prices has dropped from Rs 94,270 to Rs 91,481.
The zero-Covid strategy involving large-scale lockdowns has resulted in a serious economic downturn in China. Chinese Premier Li Keqiang has been repeatedly expressing serious concern over the economy. Some observers see this as a sign that the Communist Youth League, a party faction, which Li represents, is hugely dissatisfied with the management of the economy under President Xi Jinping