Indigenous Investors Weekly Insights!
Top 3 well curated stories from the stable of Indigenous Investors incase you missed them. These can range from finance to sports, depends on what made the headlines. Stay tuned.
This week, we cover the following-
Story #1: What India Inc wants from the Union Budget 2025 (click here)
FM Nirmala Sitharaman will present the Union Budget 2025 on Saturday, February 1, 2025. Industry leaders and associations have made several representations regarding their demands and expectations out of this budget. We will know whether these demands are met or not only after the budget is presented. I’m listing a few demands here so that you can keep an eye on them -
Tax relief to the middle class by changing personal income tax slab rates
Increase in minimum wages
Increase in Capital Expenditure by the government
Abolition of STT (Securities transaction tax) to encourage investments in capital markets
Developing infrastructure townships with facilities for skill development, research and financial access for MSMEs
Story #2: Six top firms of India lose 1.71 lakh crores in market value last week (click here)
The market value of Infosys, TCS, HDFC Bank, ICICI Bank, HUL and ITC collectively fell by 1.71 lakh crores last week as both, NIFTY and SENSEX went in the red by almost 1%. Out of the six, only Infosys and TCS together shed 1.12 lakh crores.
On the other hand, Reliance, SBI, LIC, and Bharti Airtel posed combined gains close to 1.14 lakh crores with Reliance alone adding close to 80 thousand crores to its market cap.
Story #3: India is sending its biggest contingent to World Economic Forum in Davos (click here)
The Indian contingent will be led by Union Minister Ashwini Vaishnaw who will be joined by 4 other Union Ministers, CMs of Maharashtra, AP and Telangana and senior leaders from Karnataka, TN, Kerala and UP.
"In the World Economic Forum in Davos, there is a lot of interest in understanding our thought process, Prime Minister Narendra Modi's economic policy, digital transformation and the way India has created a new digital architecture under the Digital India programme," Union Minister Ashwini Vaishnaw.
The Maharashtra government has set a target of signing MoUs worth INR 7 lakh crores with other states setting their own specific targets of attracting investments. The meeting would see participation by nearly 3,000 leaders from over 130 countries, including 350 governmental leaders. Over 1,600 business leaders, including more than 900 of the world's top CEOs, will also participate, along with over 120 Global Innovators, Tech Pioneers and Unicorns who are transforming industries.