Monday, October 26
MUMBAI: Valuations in India may remain elevated, but with the structural and fundamental story remaining bullish and the geographic opportunity set across Asia diversifying to a wider set of investment destinations beyond China, the domestic capital markets may see the IPO party extending into 2025 with another bumper year of primary issues, said a senior Goldman Sachs executive. Dealmaking through mergers and acquisitions (M&A) too will accelerate globally, he said. In 2024, deal volumes in Indian equity capital markets–initial public offerings, QIPs, block sales–more than doubled from the previous year to $71 billion, making the country second only to the US.“India accounted for around 11% of global volumes versus 5% the year before,” said Iain Drayton, head of Asia (excludin
India's FY25 fiscal deficit calculations could get impacted with the economy forecast to expand by 9.6% in FY25, lower than the 10.5% growth estimated in the budget, said economists.If the final fiscal deficit for FY25 is as projected in the budget at ₹16.1 lakh crore, lower nominal GDP, numbers not adjusted for inflation, would push the fiscal deficit ratio to 4.98% of the GDP from the targeted 4.94%.The government estimated nominal GDP at ₹326.4 lakh crore in the FY25 budget. However, the first advance estimates have placed it lower at ₹324.1 lakh crore."Given the expectations of a large miss in the capex target, we expect the fiscal deficit print to trail the 2024-25 revised budget estimates, which would largely offset the lower-than-budgeted nominal GDP print," said Aditi Nayar,
JSW MG Motor India has increased the prices of its popular Windsor EV by Rs 50,000 across all variants, marking the end of its introductory pricing. The company has also ended the free charging benefits. Initially, the company had announced that the introductory pricing would last until either 10,000 units were sold or December 31, 2024—whichever came first. The milestone of 10,000 units sold was achieved in December 2024.With the price revision, the MG Windsor EV now starts at Rs 13.99 lakh for the base Excite variant, Rs 14.99 lakh for the mid-level Exclusive trim, and Rs 15.99 lakh for the top-spec Essence variant (all prices ex-showroom).The complimentary charging offer, which allowed early buyers to charge their vehicles for free via the MG e-hub app, has also been discontinued. Thi
