Tata Motors is expected to report strong growth in net profit and revenue for the third quarter, driven by Jaguar Land Rover volumes, price hikes, and improved product mix. Analysts anticipate a 54% increase in net profit and 22% growth in revenue compared to the same period last year. The company's focus on premium pricing and margin improvement through new launches is expected to boost profit.

The Union Budget 2024 has seen a significant increase in fund allocation for the tourism sector with an overall budget of Rs 2,449.62 crore announced by the finance minister on February 1. This marks a 44.7 percent increase from the revised figure of Rs 1,692.10 crore in the current fiscal year. While efforts towards promoting domestic tourism have increased.

The RBI announced that 97.50% of Rs 2,000 currency notes in circulation had been returned to the banking system by Jan 31, 2024. This led to a decline in the total value of such notes to Rs 8,897 crore. The central bank introduced the Rs 2,000 banknotes after the withdrawal of other denominations, but printing was stopped in 2018-19 as other notes became readily available.

Pharma, PSU banks, and tourism are the sectors that veteran investor Madhusudan Kela is bullish on. He believes that PSBs are attractively valued compared to other public sector companies and have potential for further growth. He also sees opportunities in public-sector oil companies and believes that the tourism sector has untapped potential.

By Unmesh Kulkarni, Managing Director Senior Advisor at Julius Baer India Conforming to the expectations, Finance Minister Nirmala Sitharaman's Budget announcements were muted given that we are in an election year. Sitharaman's budget speech provided a stock-taking perspective on the initiatives taken so far (and their impact) in the areas of direct benefit transfer, inclusion of youth.

Union Budget 2024 focuses on promoting innovation in the financial sector and digital transactions for government schemes. It also includes a tech-savvy growth fund, increased spending on infrastructure development, and extended benefits for start-ups. However, concerns about fiscal deficit and tighter credit conditions remain. The budget has both positive and negatives for the fintech.

Interim budgets are usually intended to keep administration going for a short while, but the latest one seems to show sign s of a government confident of returning to power. There are two standout features, which no one seemed to bargain for: One, the fiscal consolidation exemplified by the sharp reduction in fiscal deficit to 5.1 percent; Two, a continuum in policy with capex allocation rising.

The Central Board of Direct Taxes (CBDT) has notified the income tax return (ITR) forms, ITR-2 and ITR-3. Many entities, including individuals, who have certain specific types of income are required to file their ITR using these forms for FY 2023-24 (AY 2024-25). The last date to file ITR-2 and ITR-3 is July 31, 2024. Whereas taxpayers who are required to conduct income tax audit.

Finance Minister Nirmala Sitharaman announced that 30 crore Mudra Yojana loans have been provided to women entrepreneurs in the last 10 years. Sitharaman asserted that the plans cover all eligible people which is a comprehensive achievement. In her speech, Sitharaman said that digital infrastructure was being developed at a rapid pace. India's Digital Public Infrastructure (DPI) is instrumental.

Finance Minister Nirmala Sitharaman presented her sixth budget amidst crucial elections and a changing global economy. She quoted Prime Minister Modi three times, emphasizing on the India-Middle East-Europe Economic Corridor and new opportunities for national development. The PM's words were also reiterated from last year's Independence Day address, with a focus on creating more opportunities.

BNP Paribas reported a surprise drop in fourth-quarter income and pushed back a key profitability target on Thursday, triggering a more than 8% fall in the French bank's shares. Revenue at its investment bank, which CEO Jean-Laurent Bonnafe has been expanding, fell from a year earlier as did sales at its consumer and commercial real estate businesses.

On February 1, Nifty ended slightly lower after finance minister Nirmala Sitharaman's budget presentation. The index remained volatile throughout the day and closed at 21,698 with resistance at 21,850 and support at 21,600. This non-directional market may see levels-based trading. Bank Nifty closed above 46,000 and is expected to move higher towards 46,570-46,800 in the short term.

Finance Minister Nirmala Sitharaman allocated Rs 2,352 crore in the Interim Budget for “Blue Revolution”, which aims to develop, manage, and promote fisheries to double farmers' income. The allocation is Rs 852 crore increase from Rs 1,500 crore in the previous year. "It was our government which set up a separate department for fisheries, realising the importance of assisting fishermen.

Indicating that traders and investors are still looking for cues to make strong moves on either side, Nifty made a pattern of alternating between up and down days for the seventh consecutive day on Thursday to end 26 points lower and form a small bearish candle on Budget Day.The index closed above the short-term 21EMA for three out of the last four days.

Indian carmakers reported record sales in January as they looked to build up inventory of new and refreshed models this calendar year, wholesale data from the companies showed on Thursday. Automakers in India release monthly wholesale numbers or sale of vehicles to dealers at the beginning of each month. The data is seen as a key indicator to estimate private consumption.