Wednesday, March 11
Prime Minister Modi unveiled an ambitious plan to achieve energy self-reliance for India, emphasizing nuclear power expansion with ten new reactors and a tenfold capacity increase by 2047. The National Deep Water Exploration Mission will identify offshore oil and gas reserves.
Bitcoin soared to a record high of $124,500 on Thursday, driven by positive US market sentiment and regulatory changes. Analysts attribute the surge to President Trump's policies easing restrictions on crypto firms, encouraging institutional investment. Major players like Trump's media group and Tesla have significantly contributed to the rally.
US producer price inflation soared in July, reaching its highest level since 2022, fueled by rising service and goods costs. Economists suggest that President Trump's tariffs are contributing to increased business expenses, particularly in sectors like steel, aluminum and food products.
India's exports to the US surged nearly 20% in July, reaching $8.01 billion, while imports rose almost 14% to $4.55 billion. During April-July 2025-26, exports to the US jumped over 21% to $33.53 billion. The US remains India's top trading partner. Exports to China also saw a significant increase, while overall imports from China grew by 13.
Jobless claims modestly decreased to 224,000, staying near historic lows, despite a grim July jobs report that led to personnel changes at the Bureau of Labor Statistics. While layoffs remain low, there are signs of labor market deterioration, including declining job vacancies and increased difficulty in finding employment. Concerns persist that tariffs could negatively impact the economy and raise inflation.
Motilal Oswal upgraded Bharat Dynamics citing reasonable valuation and strong Q1 growth. ICICI Securities maintained its buy on Jyothy Laboratories, while PL Capital did same for Cello World despite target price cuts. Jefferies is positive on FSN E-Commerce Ventures after Nykaa's impressive growth. Emkay Global Financial Services retained its reduce rating on Hindalco due to weak Novelis performance.
Muthoot Finance's shares experienced a significant surge, climbing nearly 10 per cent, following the announcement of a 65 per cent year-on-year increase in consolidated profit after tax for the June quarter. The company's loan assets under management also saw substantial growth, rising by 37 per cent to reach Rs 1,33,938 crore in Q1 FY26, contributing to investor confidence.
India's manufacturing sector has a unique chance to surpass global leaders by prioritizing innovation over low costs, according to Accel's Advanced Manufacturing Report 2025. The report identifies sectors like precision engineering, aerospace, and semiconductors as potential growth drivers, contingent on policy support, funding, and skilled labor.
Former Niti Aayog Vice Chairman Rajiv Kumar advocates for lifting restrictions on Chinese investments to stimulate domestic manufacturing and job creation, suggesting the removal of Press Note 3 of 2020. Amid efforts to mend ties after border clashes, this policy shift could boost bilateral trade.
Facing financial pressures, overseas firms like Sharp and Onsemi are partnering with Indian companies to establish semiconductor plants. India's attractive state incentives, vast market, and talent pool are key drivers. The India Semiconductor Mission's financial aid and collaborations offer a lifeline for manufacturers struggling with costs and demand.
