Category: Business & Economy

The National Highway Authority of India (NHAI) has announced a new system to rate companies that build and take care of national highways. This system is aimed at making sure roads are built well and are safe for travelers.

Here’s how it works: Each company will get a score based on their performance. They will be rated from “excellent” to “failed.” If a company scores below 70 out of 100, they will be called a ‘non-performer’ and won’t be allowed to get new highway projects until they improve their score.

The ratings will be updated every six months. This will happen at two levels: for each project and for the overall company. You can find the scores on the NHAI website and social media.

To calculate these scores, NHAI will consider the condition of the road and how well the company fixes any issues. 80% of the score will come from something called the Pavement Condition Index (PCI), while 20% will come from how well the company uses the NHAI One App to report and fix problems.

The PCI will check for things like bumps, potholes, cracks, and other issues on the road. Special technologies, like laser measurements, will be used to ensure accuracy.

Indian stock markets had a tough day on Friday after going up for five days in a row. The Reserve Bank of India (RBI) made a big move by cutting the cash reserve ratio (CRR) by 0.50% to help banks lend more money. However, they decided to keep interest rates the same and lowered the growth forecast for the economy.

The S&P BSE Sensex, which is a key stock index, fell by 56.74 points, closing at 81,709.12. Similarly, the Nifty 50 index closed lower by 30.60 points at 24,677.80. Despite the drop, some sectors like auto and finance saw positive gains. For example, Tata Motors shares rose by 3.2%, and Bajaj Auto went up by 2.3%. Axis Bank and Maruti Suzuki also did well.

The RBI kept the main interest rate unchanged for the 11th time. They now expect the economy to grow by only 6.6% this year, down from the previous estimate of 7.2%. The RBI’s decision to lower the cash reserve ratio will free up ₹1.16 lakh crore (a huge amount of money) for banks to lend, hoping to boost the economy.

Vinod Nair, who watches the stock market at Geojit Financial Services, said that even though stocks didn’t move much overall, this was a positive sign. The RBI is trying to help the economy grow despite inflation challenges. The markets were a bit mixed, showing that investors are playing cautiously but still looking for good opportunities.

Global Markets Update
Worldwide, markets were watching the U.S. payroll data to see if the Federal Reserve might cut interest rates soon. In Asia, stocks outside Japan got a boost, mainly due to good news from China. However, stocks in South Korea dropped because of political issues.

Forex Market
The Indian rupee gained strength on Friday, reaching 84.6875 against the U.S. dollar. The dollar was a bit weaker after the RBI’s decisions.

Oil Prices
Oil prices fell on Friday because OPEC+ postponed increasing oil output, raising worries about demand. Brent crude is now priced at $71.71, and West Texas Intermediate is at $67.97.

On December 5, foreign investors bought Indian stocks worth ₹8,539.91 crore while domestic investors sold stocks worth ₹2,303 crore.

Sometimes, it feels like nothing goes your way, even if you’re a big name like Intel. Over the last few years, Intel has missed some big chances. For example, back in 2017, Intel could have bought a 15% share of a rising star called OpenAI. OpenAI was looking for $1 billion for investments. But Intel didn’t take that chance. On the other hand, Microsoft saw the opportunity and invested $14 billion in OpenAI. This smart move helped Microsoft become a leader in the exciting world of AI technology.

The Reserve Bank of India (RBI) has decided to reduce the Cash Reserve Ratio (CRR) by 0.50%, bringing it down to 4%. This change will take place in two steps on December 14 and December 28. The CRR is the amount of money that banks must keep with the RBI, and lowering it will allow banks to lend more money.

The Federation of Indian Export Organisations (FIEO) thinks this is great news for exporters, who are struggling to find enough money to run their businesses. Ajay Sahai, the Director General of FIEO, mentioned that this cut will help put more money into the banking system, making it easier for exporters to get loans.

With this CRR change, banks will have about Rs 1.16 lakh crore (1.16 trillion rupees) extra to lend. This could lower short-term interest rates, which means loans may become cheaper. FIEO has warned that if banks don’t lend enough money to exporters, it could hurt their business.

In the last two years, exports went up by 15% in terms of money earned, but bank loans to exporters dropped by 5%. FIEO President Ashwani Kumar believes the government should extend help for exporters with low-interest loans for up to five years. He stated that more affordable loans will help increase manufacturing and boost exports, especially for small businesses.

S.C. Ralhan, Chairman of the Hand Tool Association, echoed these thoughts, saying that global issues have made it harder to get paid on time, and affordable loans are necessary for shipping more products.

When asked about U.S. President-elect Donald Trump’s plan to apply high taxes on Chinese goods, Sahai said this could create new opportunities for Indian exporters as demand may shift to India. He believes that the U.S. is unlikely to increase taxes on Indian products.

A K Goswami, a hand tool exporter from Jalandhar, said he sees good demand in Europe and expects strong growth in engineering exports this year.

The Reserve Bank of India (RBI) has made it easier to use the FX-Retail platform by connecting it to a system called Bharat Connect. This means that customers can now use banking and non-banking apps joined to Bharat Connect to access the FX-Retail platform. This is a big step to help more people use the FX-Retail platform and make it more user-friendly.

In the beginning, users will be able to buy US Dollars with their Indian Rupees through a test program. Later on, they will also be able to sell US Dollars and do more types of currency exchanges. People can still directly access the FX-Retail platform if they prefer the old way of doing things.

The FX-Retail platform was created in 2019 to offer a fairer and clearer way for people and small businesses to trade foreign currency. Right now, users can access this platform via the internet.

On Friday, Shaktikanta Das, the boss of India’s central bank, the Reserve Bank of India (RBI), shared that banks and non-banking financial companies (NBFCs) are doing well. He explained that the gap between the money banks lend (credit) and the money they hold (deposits) is getting smaller. This means that there is more money being saved in banks, which helps support loan growth.

As of November 15, 2024, the loans given by banks grew by 12.4%, while deposits increased by 11.6%. This shows that people are saving more money, which is great for the economy!

The quality of loans in banks is also getting better. The RBI reported that the amount of loans that are not being paid back (called non-performing assets or NPAs) has dropped to a low of 2.54%, the best it has been since March 2011. Additionally, the rate at which new loans are falling behind on payments has gone down from 1.70% to 1.35% over the past year.

The RBI is carefully watching the financial system to make sure everything runs smoothly. They keep a close eye on any signs of trouble and take steps to handle problems before they get big. If things get really bad and no solutions are found, the RBI may have to limit some bank activities to protect the public and the financial system.

Recently, the RBI has taken actions against companies like Paytm Payments Bank, JM Financial, and IIFL Finance to ensure they are following the rules. In October, they stopped four NBFCs, including Navi Finserv, from giving loans because of issues with their management.

On Friday, DLF Ltd. saw a small increase in stock price, going up by 0.78% to reach Rs 857.10 by 01:17 PM (IST). The day started well for the stock, with prices climbing right away.

According to the stock market data from the BSE, about 72,290 shares were traded, bringing in a total of Rs 6.14 crore by noon. DLF’s price-to-earnings (P/E) ratio is 58.73, which means investors are paying Rs 58.73 for every Rs 1 of profit the company earns. The price-to-book (P/B) ratio is 5.64, showing how much investors value the company’s assets. DLF’s return on equity (ROE) stands at 6.91%, reflecting the company’s ability to generate profit from its shareholders’ investments.

During the trading session, DLF’s stock reached a high of Rs 858.00 and a low of Rs 843.00. The highest price in the past year was Rs 967.00, while the lowest was Rs 641.30. The stock has a beta value of 1.8504, indicating it can be more volatile compared to the wider market.

Technicals at a Glance:
– 200-Day Moving Average (200-DMA): Rs 851.27
– 50-Day Moving Average (50-DMA): Rs 831.32

If a stock price is above both the 50-DMA and 200-DMA, it usually signals a positive trend. However, if it’s below both, it suggests a negative trend. Trading between the two averages indicates uncertainty.

Currently, the Relative Strength Index (RSI) of DLF is 62.02. The RSI helps assess whether a stock is overbought (above 70) or oversold (below 30).

Who Owns DLF?
As of June 30, 2024, the promoters own 74.08% of the company. Overseas investors hold 16.16%, while local institutional investors own 4.75%.

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Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), recently shared his thoughts about the economy. Here are important things he mentioned:

1. Growth is Important: Das said that the RBI is really focused on helping the economy grow, especially after tough times like the pandemic.

2. Inflation Needs Attention: Even though growth is vital, prices of things (inflation) are also a concern. The RBI wants to make sure prices do not go up too much.

3. Global Issues: There are problems worldwide, like rising prices in oil and food. These affect India too. The RBI is watching how these issues influence our economy.

4. Future of the Pandemic: The economic impacts of the pandemic are still felt, and the RBI is cautious about how quickly we can recover.

5. Support for Small Businesses: The RBI aims to support smaller businesses, as they help create jobs and strengthen the economy.

6. Financial Stability: Ensuring that banks and financial systems are stable is a major task for the RBI.

7. Interest Rates: Das mentioned that interest rates may need to adjust, depending on what happens with the economy. Higher rates can help control inflation, but they can also make borrowing more expensive.

8. Taking Steps Wisely: The RBI will make decisions carefully to boost growth while keeping an eye on prices and global events.

9. Future Challenges: There are still challenges ahead, and the RBI is prepared to face them while supporting economic growth.

10. Hope for Recovery: Overall, Das feels hopeful about the future of the Indian economy and believes that with the right steps, growth can return.

NEW DELHI: Today, many stocks are being traded on the National Stock Exchange (NSE). The top five most traded stocks are:

– Srestha Finvest (5.64 crore shares traded)
– Thinkink Picturez (2.23 crore shares traded)
– Vodafone Idea (1.92 crore shares traded)
– GTL Infra (1.71 crore shares traded)
– JP Associates (1.53 crore shares traded)

Other stocks like Avance Tech (1.38 crore), Cressanda Sol (0.74 crore), Mishtann Foods (0.70 crore), GI Engineering (0.68 crore), and Atreya Petro (0.64 crore) are also seeing a lot of activity.

As of 10:39 AM on Friday, the NSE Nifty index is down 18.71 points at 24,689.7. Meanwhile, the BSE Sensex index is down 30.23 points at 81,735.63.

However, some stocks are losing value:

In the Nifty index, a few stocks are performing well today:

– Bajaj Auto Ltd. (up 2.18%)
– Bharat Petroleum Corp. Ltd. (up 1.39%)
– Axis Bank Ltd. (up 1.16%)
– ITC Ltd. (up 1.14%)
– Larsen & Toubro Ltd. (up 0.84%)

– Cipla Ltd. (down 1.09%)
– Infosys Ltd. (down 0.75%)
– HDFC Life Insurance Co. Ltd. (down 0.65%)
– Tata Motors Ltd. (down 0.59%)
– HDFC Bank Ltd. (down 0.55%)