Indian used car market is expected to touch the USD 100 billion-mark in the next ten years on the back of rising disposable incomes and a growing middle class, according to CARS24 Co-Founder and CEO Vikram Chopra. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars.

After more than five days of fierce negotiations among some 4,000 ministers, senior trade officials, and delegates from the World Trade Organization's 164 members and observers, the WTO's 13th Ministerial Conference (MC13) in Abu Dhabi ended in the wee hours of March 2 without a consensus on key issues, including the Agreement on Fisheries Subsidies and public stockholding (PSH) for food security.

Turkey's exports to Russia in February fell 33% year on year to $670 million, trade ministry data showed on Saturday. That was down from $1.1 billion in February 2023. Imports from Russia fell 36.65% to $1.3 billion from $2 billion a year earlier. A U.S. threat to impose sanctions on financial firms doing business with Russia has chilled Turkish-Russian trade.

Oil prices rose 2% in the previous session and posted weekly gains as traders awaited the supply agreements decision for the second quarter  by the Organisation of Petroleum Exporting Countries and it allies (OPEC+) while also weighing fresh US, European and Chinese economic data. Brent futures for May settled $1.64 higher, or two per cent, at $83.55 a barrel.

Real estate as an asset class has long been a mainstay for investor portfolios, both small or large. While it has mostly been focused on residential real estate, the turn of the century brought in another sub-asset class in the form of commercial real estate, which became the go-to product for high net-worth individuals (HNIs), since the rental yields were far higher than residential real estate.

The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are - RK Swamy and JG Chemicals.

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for setting up two manufacturing lines at its Rajgarh plant. The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore, according to a statement.

Info Edge (India) Ltd on Saturday said its mobile apps, including naukri(dot)com, 99 acres(dot)com, and shiksha(dot)com have been removed from Google Play Store. This comes a day after Google began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments.

The target of $100 billion non-oil trade between India and the UAE by 2030 is ambitious but achievable as huge business opportunities are there in both the nations for sectors such as textiles, jewellery and pharma, CII President R Dinesh said on Sunday. He said that the free trade agreement between India and the UAE, which was implemented in May 2022, has resulted in a surge in bilateral trade.

A day after Google delisted several prominent Indian applications from its Play Store, the tech giant agreed to restore them on Saturday after a meeting with Union IT Minister Ashwini Vaishnaw, news platform NDTV said in a report. The development comes as some applications like Naukri, 99acres, and Naukrigulf are already back on the Play Store.

The mega textile exhibition — Bharat Tex 2024 — will now be held every year in the country as the first event which concluded last week witnessed participation of over 3,500 exhibitors and 3,000 buyers from 111 countries, AEPC said on Sunday. "The Bharat Tex expo will be an annual affair," AEPC Chairman Sudhir Sekhri said in a statement.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the first week of March sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription.

📌Handover from the US markets was strong with major headline indices on the Wall Street ending higher on Friday. 📌The Indian rupee ended little changed on Friday after rising to its highest level in a week. 📌US will announce S&P Global Composite PMI and Services PMI data for February. 📌FIIs were net buyers of Indian equities and purchased shares worth Rs 129 crore on Friday.

Gold And Silver Prices Today: Gold prices experienced a slight rise on Sunday. The price of 24 carat gold is Rs.6482.6 per gm, up by Rs.942.0. The price of 22 carat gold is Rs. 5938.1 per gm, up by Rs.863.0.The price change in 24 carat gold in the last one week has been 0.21%, whereas in the last month it has been 0.37%. The cost of silver is Rs. 74500.0 per kg.

The combined market valuation of seven of the top 10 most valued firms climbed Rs 65,302.5 crore last week, with TCS and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 663.35 points or 0.90%, and the Nifty jumped 165.7 points or 0.74%. BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday.