GAGA Share Market News

[hfe_template id='11223'] [ad_1] As we step into FY26, consumption may emerge as one of the hottest investment themes due to lowering of interest rates and income tax rate cuts, says Viraj Gandhi, CEO, SAMCO Mutual Fund. In this chat with ET Markets, he also talks about 2 other promising sectors - private sector banks and pharma. Edited excerpts: What is your outlook on equity markets for the next 12–18 months, considering global uncertainties and domestic growth trends? Is this the time to buy the fear? Equity market outlook for the next 4-6 quarters would highly be influenced by a mix of global uncertainties and improving domestic growth. On the global front, trade tensions, especially the potential imposition of reciprocal tariffs by the new US President on different countries in early April, may invite short-term volatility and uncertainty in equities. Domestically, the outlook appears to be more positive. Recent improvements in macroeconomic data, such as inflation ...

[hfe_template id='11223'] [ad_1] Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in Gurugram-based SpiceJet. The shares were disposed of at an average price of Rs 45.34, taking the transaction value to Rs 52.31 crore. After the stake sale, Singh's holding in SpiceJet has come down to 22 per cent from 22.90 per cent. Also, the combined shareholding of promoters and promoter group of the company has declined to 28.23 per cent from 29.13 per cent. Details of the buyer(s) of SpiceJet's shares could not be ascertained on the exchange. Shares of SpiceJet on Thursday declined 6.38 per cent to close at Rs 45.48 apiece on the BSE. Live Events Earlier, the budget airline was facing a fresh round of troubles as three Ireland-based a...

[hfe_template id='11223'] [ad_1] The US dollar is having one of the best rallies as the dollar index, which measures greenback's strength against a basket of six currencies, surged to its strongest levels in over two years. Analysts paint a more rosy picture for the American currency, which could well cast a shadow on emerging markets as is being played out currently. Indian Rupee, in particular, is hitting fresh lows almost everyday. The greenback currency is showing no signs of slowing down, implying a challenging year for Asian markets. Goldman Sachs recently upgraded its dollar forecast as the investment bank projected the dollar to gain as much as 5% in 2025 after rising nearly 8% from September lows last year. "The dollar to rally by about 5% over the coming year on the realization of new tariffs and continued US outperformance," Goldman strategists wrote in a note. Even with this upgrade, they still see the risks tilted towards more dollar strength. ...

[hfe_template id='11223'] [ad_1] India has emerged as a hotspot for wealth creation in the Asia-Pacific region, with the combined net worth of its billionaires nearly tripling to $905.6 billion in 10 years as of 2024. India now ranks third globally in total billionaire wealth, behind the United States and China, a UBS report highlighted. Rising sharply from $637.1 billion in 2023, this remarkable 42% growth rate in Indian billionaires’ wealth outpaces the global average and reflects India’s rapid economic transformation, propelled by family-led businesses and structural reforms propelled by the country’s government. Over the last decade, the number of billionaires in India has grown to 185—a 123% increase, throwing light on the flourishing entrepreneurial spirit in sectors like pharmaceuticals, edtech, and fintech, the UBS report noted. UBS highlights that family-owned enterprises are central to the surging growth rate in Indian billionaires’ wealth. India boasts one of ...