Investing in 2020: The crystal gazers
Fortune India spoke to some of the best investment brains in the business for their outlook on India’s growth story, their preferred asset allocation, and overall investment strategy.
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MARKET MAYHEM CONTINUES
From their life highs in January, the Nifty 50 and BSE Sensex plunge 23.51% and 23.14%, respectively, on Thursday as oil price war escalates and WHO declares the Coronavirus outbreak a pandemic.
Equity markets make a V-shaped recovery
The markets seem to have overcome over Budget blues as the benchmark Sensex rallied over 900 points on Tuesday.
Inflation nudged RBI to wait and watch
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
No plan to ban petrol and diesel cars: Nitin Gadkari
The Union minister also assured the auto industry that he would take up its request for a reduction in the GST on hybrid vehicles with finance minister Nirmala Sitharaman.
‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Markets end lower after Modi unveils portfolios
Sensex, Nifty hover near lifetime highs after the inauguration of the new Cabinet, but close lower after realising that the new government has old challenges to tide over.
By 2030, half of new sales will be natural gas vehicles
A study by the institute says the number of natural gas vehicles in India is expected to shoot up to 33 million by 2030 from 3.3 million in 2019—a 900% rise.
LNG: It’s light, natural and green
With the government pushing for clean energy when domestic gas production is falling, and renewables yet to take off, importing it could be the only option.
Passenger vehicle sales fall 1.87% in January
Sales of passenger cars—the largest segment by volumes—fell 2.65% to 179,389 units in January this year from 184,264 units a year ago.
