India's crypto portfolio: Gen Z leads surpasses millenials to lead investment; Delhi has most buyers
Gen Z has now become the leading force in India's crypto investments, surpassing millennials for the first time. A CoinSwitch report reveals that investors aged 18-25 now constitute 37.6% of the platform's user base, indicating a maturing crypto market with growing financial empowerment beyond major cities.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1xtQJl0
Ford Motor Company is set to restart manufacturing in India. The automaker will invest Rs 3,250 crore in its Chennai facility. This move marks a significant return after exiting vehicle production in 2021. The plant will focus on engine manufacturing for export. Production is scheduled to begin in 2029. This project is expected to create over 600 jobs.
Gold ETFs have seen a remarkable 53% surge in 2025, prompting experts to advise investors to view gold as a hedge against inflation and uncertainty, not a trading bet. While the long-term outlook remains positive, those with over 8-10% portfolio allocation are recommended to book partial profits. A recent dip of nearly 9.
Coal India's September quarter profit fell 32 percent. Lower sales and increased expenses impacted earnings. Production also slipped due to heavy rainfall. The company aims for higher output in the coming fiscal year. Despite the dip, the government assures no coal shortage in the country.
Dalal Street presents new investment opportunities with mid-cap and large-cap stocks identified as top picks. Analysts are recommending companies based on themes of cyclical recovery and steady structural growth, with several stocks showing significant potential upside.
PSU bank stocks are experiencing a significant rally, adding Rs 2.3 lakh crore to their market cap. This surge, driven by improving asset quality and potential foreign investment hikes, has ignited debate about its sustainability. While some analysts see opportunities in larger PSU banks, others express caution about long-term prospects beyond FY26.
India plans to mandate LNG import terminals to build 10% extra storage for government access during supply or price disruptions. This aims to create cost-effective emergency reserves using existing infrastructure, avoiding expensive new underground storage. The proposal also outlines financial and operational criteria for new terminal operators.
Central government employees have reason to celebrate as the Union Cabinet approved the Terms of Reference for the 8th Pay Commission. This temporary body will review salaries and benefits, with recommendations expected within 18 months, aiming for implementation by January 1, 2026.
Indian real estate has seen its strongest fundraising in seven years, securing Rs 23,080 crore. This surge signals renewed investor confidence and a market recovery. While small-cap stocks have led performance since 2021, REITs are now the top-performing asset class over the past year, indicating a shift towards stable, yield-focused investments amid market volatility.
Gold and silver prices saw a dip in early trading as investors booked profits after a recent rally and market fluctuations. Geopolitical tensions and upcoming US Fed policy meeting influenced traders to reduce positions at higher price points. Investors are now awaiting key US CPI data for further market direction.
The Supreme Court has ruled in favor of five retired Odisha judiciary employees, quashing a demand to repay salary arrears received six years prior. The apex court stated that surplus payments cannot be reclaimed from employees if they were not involved in fraud or misrepresentation, emphasizing equity and preventing undue hardship.
Indian FMCG companies experienced a slight sales dip in the September quarter due to GST reforms and heavy rains. Despite these short-term disruptions, global giants like Unilever, PepsiCo, and Coca-Cola remain optimistic about future growth, citing improving macroeconomic conditions and India's significant long-term potential.
LIC has vehemently denied a Washington Post report alleging Indian officials influenced its investment decisions in Adani group companies. The insurer stated its investments are independent, board-approved, and made in the best interest of stakeholders, refuting claims of a drafted proposal to channel funds into Adani firms.
Google Cloud has appointed Karthik Narain as its first Chief Product & Business Officer. Narain, formerly of Accenture, will lead product, engineering, and go-to-market teams, focusing on driving digital transformation and accelerating customer AI journeys. His extensive experience in enterprise technology solutions is expected to bolster Google Cloud's rapid growth.
Reliance Industries is diversifying its crude oil sources, shifting away from Russian supplies following US sanctions on major Russian firms. The Indian giant has secured millions of barrels from the Middle East and the US, with shipments expected in December and January. This move signals a significant change in India's energy procurement strategy amidst global geopolitical shifts.
Commerce Minister Piyush Goyal has said that no trade deals will be rushed, rejecting restrictive conditions from partner nations. This comes amid ongoing EU-India free trade talks and discussions with the US. Goyal's remarks follow pressure from the US and EU regarding India's Russian crude oil purchases, with the US imposing tariffs.
India's crude oil import costs are rising as its reliance on discounted Russian oil declines. While Russia remains the largest supplier, its share has slightly decreased, leading to higher premiums from alternative sources. This shift impacts refiners' margins as geopolitical pressures mount.
India's smartphone market saw a modest 3% year-on-year growth in Q3 2025, shipping 48.4 million units driven by new launches and aggressive retail incentives. However, analysts caution that this momentum, fueled by channel push rather than pure consumer recovery, may not extend into the year-end festive period due to urban consumer sentiment and potential inventory build-up.
India's auto sector achieved a blockbuster Q3 2025 with 30 deals totaling $4.6 billion, driven by Tata Motors' significant acquisition of Iveco SPA. This surge underscores India's growing global ambition in commercial mobility and a strategic pivot towards scalable, tech-enabled, and cleaner transportation solutions.
Indian stock markets commenced Samvat 2082 on a positive note during the special Muhurat Trading session. The Nifty and Sensex closed marginally higher, with broader markets showing stronger gains. Experts anticipate a brighter, more stable year ahead, driven by domestic fundamentals and potential reforms, projecting significant upside for key indices.
India's festive season sales shattered records, reaching Rs 5.40 lakh crore in goods and Rs 65,000 crore in services, a 25% surge from last year. Lower GST rates and a strong 'Vocal for Local' push fueled this boom, with consumers favoring Indian products. This success highlights a robust rebound in retail and consumer spending.
Quick-commerce platforms are experiencing a surge in demand for last-minute Diwali essentials like gifts, sweets, and decor, even as overall e-commerce sales have slowed. Brands report significant growth in quick-commerce orders, driven by consumers seeking convenient and thoughtful festive purchases. Traditional e-commerce saw muted activity as major purchases were completed earlier.
India is poised to lead Asia-Pacific office space growth in 2026, with Bengaluru, Hyderabad, and Delhi-NCR adding the most Grade-A supply. This surge, driven by global capability centers and multinational firms, positions India as a strategic investment destination with a skilled workforce and growing infrastructure.
India's luxury watch market is poised for significant growth, with an estimated 11-12% annual expansion. This surge is fueled by a growing affluent population and high-net-worth individuals, alongside increasing aspirations and urbanisation. Consumers are increasingly opting for premium and ultra-luxury brands, driving up average selling prices substantially over the past five years.
China's top leaders are convening for a crucial four-day plenum to finalize the 2026-2030 five-year plan. Amidst US trade tensions, the meeting will shape economic and tech policies, focusing on boosting domestic spending, addressing industrial overcapacity, and pursuing technological self-sufficiency, particularly in AI. The plan aims to balance growth with stability and legitimacy.
Non-metro cities, particularly Tier 3, dominated India's online Diwali shopping, accounting for nearly three-quarters of all e-commerce orders. This surge in 'Bharat's' contribution highlights its growing influence on festive sales, with logistics networks efficiently handling increased volumes and same-day deliveries seeing significant growth.
Kolkata's historic Calcutta Stock Exchange is preparing for a voluntary exit after a decade of legal battles, marking its last Kali Puja and Diwali as a working exchange. Trading was suspended in 2013. Shareholders approved the exit, and SEBI is now overseeing the valuation process.
Dhanteras trade is projected to exceed one lakh crore rupees across India. Gold and silver sales alone are expected to reach over sixty thousand crore rupees. Shoppers are buying auspicious items like utensils, electronics, and decorative goods. This surge in business is attributed to favorable GST rates and the 'Swadeshi Aapnao' campaign.
Stock markets will observe a special Diwali trading session on October 21, despite being closed for Lakshmi Puja and Balipratipada on October 21 and 22 respectively. This symbolic 'Muhurat Trading' marks the Hindu financial year's start, historically bringing optimism. Investors should note these dates and the unique trading window.
Indian mutual funds hit a record Rs 75.61 lakh crore in AUM by September 2025, fueled by strong equity and fixed income growth. SIPs also surged, indicating rising investor confidence. Unique accounts grew, with direct plans gaining traction. While debt funds saw outflows, hybrid and gold ETFs attracted inflows, showcasing diversification.
ACME Solar Holdings has secured a 25-year power purchase agreement with Tata Power for its 50 MW firm and dispatchable renewable energy project. The agreement, priced at Rs 4.43 per unit, will utilize a combination of solar and battery storage to ensure a minimum 40% CUF and four hours of peak supply.
India's crude oil imports from Russia have surged in early October, reversing a three-month decline. This rebound is driven by refiners operating at full capacity for festive demand and renewed discounts on Russian oil. Despite a former US President's claim, India maintains its reliance on Russian crude for economic and strategic reasons.
Indian pharmaceutical companies are exploring opportunities to establish production facilities across Russia, with productive negotiations underway for joint ventures. This move aims to leverage India's expertise and Russia's market potential, fostering self-sufficiency in pharmaceuticals and other key sectors through complementary strengths.
China defended its "legitimate" Russian oil purchases, accusing the US of "unilateral bullying" and "economic coercion." Beijing warned of countermeasures if its interests are harmed, emphasising national sovereignty. This comes after US President Donald Trump claimed that India would stop buying Russian oil and signalled pressure on China as well.
Chennai's silver prices surged past Rs 2 lakh per kilogram on Thursday, driven by robust festive demand and a strong global rally. This marks a significant 28% increase in just over two weeks, with jewellers reporting heightened interest in silver items ahead of Dhanteras and Diwali. The upward trend reflects broader domestic and international market movements, fueled by industrial demand, investor hedging, and a weaker US dollar.
China has retorted to US President Trump's threat of halting cooking oil imports, stating trade conflicts benefit no one. This follows Beijing's suspension of US soybean purchases, which Trump called an "economically hostile act." The US was China's largest customer for used cooking oil last year, highlighting the significant trade ties at stake amidst escalating tensions.
Bitcoin experienced a brief dip below $110,000 before recovering, signaling cautious market behavior. While Ethereum saw a slight increase, several other major cryptocurrencies declined. The overall market value decreased, influenced by US-China trade tensions and potential Fed rate cut hints amidst inflation concerns.
The National Highways Authority of India is rewarding users Rs 1,000 in FASTag credit for reporting dirty toilets at toll plazas. Highway users can submit geo-tagged photos of unclean facilities via the 'Rajmargyatra' app until October 31, 2025. This initiative aims to improve cleanliness on national highways, with each vehicle registration number eligible for one reward during the scheme's duration.
Gold has surged to a new record above $4,100, with silver also hitting an all-time high, driven by anticipated US Federal Reserve rate cuts and escalating US-China trade tensions. Investors are seeking safe havens amid geopolitical uncertainties and central bank buying. Analysts predict further gains, with some forecasting gold to reach $5,000 by 2026.
Gold prices have surged to record highs, deterring festive buyers despite sparkling offers. Global financial unease and a weakening rupee are driving this rally, with central banks also contributing. While a post-Diwali correction is anticipated by some, experts advise long-term investors against market timing, suggesting consistent annual purchases mimic an SIP for steady returns.
Banks are seeking RBI approval to stop sending SMS alerts for transactions under Rs 100, citing alert fatigue from frequent small online payments. Proposed safeguards include notifications for cumulative small transactions, with customer consent to be obtained before implementation.
Gold and silver are set for a volatile week as investors weigh Indian festive demand against crucial US macroeconomic developments. Federal Reserve commentary on inflation and interest rates will be closely watched, alongside global political events. Concerns over US trade policies and a tight London silver market are also influencing price trends.
India's oil giant ONGC, valued at Rs 3.10 lakh crore, now trails food delivery firm Zomato and other companies in market capitalization. Analysts point to deep undervaluation, as ONGC's significant stakes in subsidiaries alone exceed a third of its market cap. Despite strong profits and dividends, investor perception bias is cited as a key reason for this disparity.
America may stop sending Boeing plane parts to China. President Donald Trump announced this possibility. It is a reaction to China's recent limits on rare earth minerals. China has many Boeing planes and needs these parts. This move could impact Boeing's business. China is also developing its own aircraft, the COMAC C919.
Indian exporters are poised to benefit from increased US tariffs on Chinese goods, potentially shifting demand towards India. Experts believe this escalation, with the US imposing a 100% additional tariff on Chinese imports, will create a level playing field and open significant export opportunities for India in the American market.
Over 250 B9 Beverages employees have petitioned for leadership change, citing governance failures and financial woes. Salaries and dues are delayed for months, impacting over 500 employees. Production paused in July, with a major investor withdrawing. The company faces significant losses and operational challenges. Founder Ankur Jain acknowledges delays and restructuring efforts.
Gold prices surged on Friday, nearing Rs 1.21 lakh per 10 grams, driven by global market strength and anticipation of US Federal Reserve interest rate cuts. Silver also saw a significant jump. Economic uncertainties and the ongoing US government shutdown are fueling investor confidence in the precious metals, pushing them towards further gains.
China will implement "special port fees" on US-built or operated ships starting October 14, with charges of 400 yuan per net tonne. This retaliatory measure mirrors US port fees imposed on Chinese vessels, aiming to protect Chinese shipping companies' interests. Beijing urges Washington to reverse its actions.
Social Plugin