Understanding the Impact of Union Budgets on Company Valuations

The Union Budget has a tremendous impact on India’s economic landscape by impacting numerous sectors, corporations, and investors. And, as we approach the interim budget for 2024-25, attention is focused on determining the possible impact on various industries and assessing patterns over time. The article discusses the history of the relationship between the Union Budget and the stock market, emphasizing how budgets have influenced valuations of companies over time.

Recent market developments suggest a complicated situation for Indian equities benchmarks, with foreign institutional investors deliberately changing their positions in large banks. The Nifty’s drop versus global indexes and increased volatility highlight the market’s response to variables like as profits growth, the US Federal Reserve meeting, and, most importantly, the approaching Union Budget. Rural development, infrastructure, capital goods, PSUs, and BFSI are all in the focus, indicating market expectations for budget-related changes.

The forthcoming Union Budget, which is set to be presented on February 1, 2024, is projected to be an interim one that coincides with the Lok Sabha elections. Forecasts show a 5-10% rise in line item appropriations, with a deliberate emphasis on strengthening the port and shipping industry, supporting renewable energy, and improving urban infrastructure. The government’s commitment to significant increases in capital expenditure (capex) during the last three years, with a capex target of 3.3% of GDP, underscores the high expectations for its potential influence on many industries.

Several studies have looked at the historical influence of union budgets on Indian stock prices. These studies, which range from 1991 to 2005 and 2001 to 2010, give useful insights into the link between budget releases, market mood, and variations in corporate valuation. While these historical perspectives provide background, the impact of the next budget will be determined by a number of factors, including the specificity of initiatives, the broader economic condition, and market responses.

The Union Budget is more than just a budgetary roadmap; it shapes the economic landscape, influences interest rates, and has an impact on financial markets. The distribution of funds, particularly in crucial industries, can influence the fiscal deficit, money supply, and interest rates. The balance between stock prices and interest rates is critical, since higher interest rates may raise capital costs for sectors, thus leading to a drop in stocks.

Furthermore, during budget preparation, the Finance Minister carefully reviews revenue and spending predictions, establishing the best borrowing levels to fulfil deficit objectives. External borrowing, including bilateral and international aid, is contingent on the government’s budget deficit objective. Fiscal policies specified in the budget, particularly tax increases, have a direct impact on expenditure and disposable income, which in turn affect demand, output, and economic development.

Similarly, investors are looking forward to the budget’s possible influence on tax structures, particularly decisions about long-term and short-term capital gains tax, as well as security transaction tax. These expectations can have an impact on corporate profit margins, stock prices, and general market mood.

To summarise, while the Union Budget 2024-25 unfolds, India’s financial environment prepares for future adjustments. The historical background of budget implications on stock markets, along with sector-specific expectations, provides a framework for anticipation and speculation. While short-term effects may be noticeable, the long-term trajectory of firm values will be influenced by larger economic conditions, industry developments, and the effective implementation of recommended initiatives. Investors, corporations, and governments are all on high alert, keenly scrutinising the budget’s results and the consequences for the financial environment.

Devyani Food Industries Ltd Unveils Digital Video Commercials for INFINO

India, January 31, 2024: Devyani Food Industries Ltd (DFIL), a part of the RJ Corp group, has introduced INFINO, a premium ice cream brand, exclusively in five key markets: Mumbai, Kolkata, Delhi, Hyderabad, and Bangalore. As part of this launch, DFIL has revealed two captivating Digital Video Commercials (DVC), which effectively encapsulates INFINO’s identity as a premium ice cream brand, meticulously prepared to satisfy a diverse range of taste preferences.

The DVC’s unfolds the narrative of a premium ice cream, crafted with real chocolate, enhancing the consumer’s experience to extraordinary levels. It underscores that relishing this exquisite indulgence will evoke a heightened sensation of pleasure.

Team Liqvd Asia, renowned for its innovative approach to marketing and storytelling, has conceptualised the DVC’s, ensuring that every frame resonates with the unique selling proposition of INFINO. The creative team behind this visual spectacle includes Director and Director of Photography – Jay Bhansali and conceptualised by Team Liqvd Asia. Their collaborative efforts have resulted in two DVC’s that are not only visually compelling but also align seamlessly with the premium positioning of the INFINO brand.

Commenting on the DVC launch, Mr. Sudhir Chavan – CEO, DFIL remarked, “Brand INFINO is an embodiment of elegance and exquisite taste. With the brand’s launch, we aimed to redefine the ice cream landscape, offering a sensory journey that transcends consumer expectations. With our brand films, the objective was clear – we need to depict the essence of indulgence, decadence and sophistication, thereby showing the world our brand’s unique offering and superior quality. We believe this launch will not only redefine ice cream experience for consumers but also set new standards for premium offerings in the Indian market. Selecting digital launch for both our “brand films” was a strategic decision rooted in the dynamic landscape of consumer engagement. In a world where digital platforms are omnipresent, we aim for a wide impact with our target audience across platforms and markets. The films that we have released embody our brand ethos and communicate how the brand and products are perceived.”

Sunil Gangras, Head of Creative Services, Liqvd Asia added, “When we were thinking about manifesting the magic of INFINO in the creative expression, we wanted to disrupt the premium segment with a product that not only smacks of elitism but also is dazzlingly different in every aspect of design, and we wanted to dial up indulgence in every frame and every conversation. Our single-minded proposition was to establish INFINO as an ‘Out of this world’ brand and hence, we gave it a creative spin by creating its own universe of delight and decadence. This was achieved through a narrative that landed right on the discerning taste buds. Our creative strategy was crafted in a way that makes INFINO drool-worthy and desirable enough to drive trials for this premium ice-cream brand and make a dent in the universe.”

The DVC’s follow the successful launch of INFINO in major cities, and with Liqvd Asia at the creative helm, DFIL aims to strengthen the brand’s positioning in the premium ice cream segment. The film is poised to enhance consumer awareness and reinforce INFINO’s commitment to delivering an unparalleled ice cream experience.

Asort Witnesses Remarkable Double-Digit Growth in India’s Direct-Selling Fashion Industry

New Delhi, 31st January 2024: Asort, India’s leading co-Commerce direct-selling company in the fashion domain, witnesses an exceptional growth in 2023, exhibiting a double digit growth that significantly outpaces industry benchmarks.

Asort’s remarkable achievements, surpassing the industry benchmark by doubling the standard 10%, underscore its innovative strategies and unwavering commitment to excellence in the field of direct selling, while bringing opportunities to smaller towns in Tier 3 and Tier 4 markets. In these regions, Asort is playing a crucial role in empowering individuals to kickstart their entrepreneurial journeys. Recognizing the untapped potential, Asort has made it a focal point to empower these communities by offering comprehensive support and training. what is achievable in the industry.

Now, entrepreneurs in remote areas do not have to travel for work. Asort’s way of doing business has opened up doors for many in these regions, letting them build their own businesses and contribute to the local economy. Asort is therefore playing a key role in the growth and development of these small towns and villages in India.

Roshan Singh Bisht, Co-Founder & CEO of Asort, expressed his enthusiasm, “We are thrilled to witness such unprecedented and inclusive growth in the past year. Asort’s success is not only a testament to our commitment to empowering individual sellers and brands within our ecosystem but also reflects our contribution to the overall economic growth of the country. Our strategic initiatives are aligned with adapting to changing consumer trends while fostering the prosperity of the nation.

Roshan Singh Bisht further emphasizes, “Asort is strategically positioned to leverage industry trends and sustain its growth trajectory through diversified expansion initiatives. Our upcoming foray into the offline model demonstrates a forward-thinking approach, blending online and offline channels to capture a wider customer base. This diversification strategy positions Asort to stay resilient in the face of industry shifts and capitalize on emerging opportunities. Additionally, our noteworthy demographic expansion, boasting a 20% share in the north and a substantial 40% presence in the south, along with deliberate expansion into the eastern and western regions, showcases a strategic pivot towards comprehensive national coverage.”

The company’s dedicated push to broaden its product range, embrace technology, and reach Tier 3 and 4 markets showcases essential areas of growth, establishing its leading role in India’s direct-selling fashion industry.

UNO Minda to Showcase Innovative Automotive Solutions at ACMA Automechanika 2024

Rasayanam expands its wings in the retail market with Apna Chemist

Leading holistic wellness brand Rasayanam is entering the retail market, starting with Apna Chemist, a medicine delivery company under Parsa Group, Genitech NSAN Pharmaceutical Private Limited. This expansion is poised to not only enhance accessibility but also introduce a commitment to fast and reliable delivery through Apna Chemist outlets.

Rasayanam, a stalwart in the realm of holistic well-being, is known for crafting Ayurvedic formulations backed and proven by modern science. Now, individuals seeking natural and holistic wellness solutions can experience the added convenience of fast delivery, ensuring that Rasayanam’s products reach them swiftly through Apna Chemist outlets on the same day.

The expansion underscores the importance of authenticity and efficacy in holistic health solutions. Rasayanam’s commitment to creating formulations prioritizing purity and effectiveness aligns seamlessly with Apna Chemist’s dedication to providing high quality healthcare products quickly. This collaboration extends beyond transactions; it empowers consumers to make informed and health-conscious choices with the added assurance of prompt delivery.

“We are happy to share the news that Rasayanam is expanding its wings to the retail segments, beginning with Apna Chemist. Our customers should get their beloved products at the earliest. Whilst we are taking steps to enhance the same-day delivery experience, we decided to make it a minute delivery experience by expanding in the retail market.” Ayush Aggarwal, Founder, Rasayanam

Madame Tussauds Unveils Wax Figure Honoring India’s Yogic Guru, Swami (Baba) Ramdev

Mumbai, 31st  January 2024: Madame Tussauds New York, the world-renowned wax attraction, today revealed the wax sculpture of the eminent “Yoga Guru” Swami (Baba) Ramdev, at an event graced by the presence of the yoga guru himself. The wax figure will be available for fans to meet and interact with at Madame Tussauds New York.

Baba Ramdev, recognized as a new-age youth idol for his inspirational approach to yogic practices, has effectively influenced individuals of all ages, promoting healthy living through Yoga and ancient Ayurvedic treatments. His noteworthy contributions to Ayurveda, Business, and Agriculture have garnered him a dedicated global fan base. The unveiling of his wax figure serves as both a gift to his audience and a tribute to the yogi who continues to inspire millions, reflecting the unwavering faith of his followers in the present and projecting into the future.

Speaking on behalf of Madame Tussauds New York, spokesperson Tiago Mogo Douro remarked, “Today, we are delighted to unveil the wax figure of Baba Ramdev. His commitment to society through the promotion of Yoga, introduction of Ayurveda culture, and advocacy for healthy living is truly a gift for us all. This moment is a source of pride for us, having the figure of this charismatic personality displayed in our world famous, Madame Tussauds New York wax attraction.”

He continued, “The unveiling transcends the immortalization of the yoga guru in a wax figure, it stands as a testament to the profound impact and global reach of his teachings. Baba Ramdev’s figure represents a harmonious blend of spiritual wisdom and health, mirroring the admiration and respect he commands worldwide. We take immense pride in honouring his contribution to yoga and wellness, anticipating that his presence will inspire our visitors to embrace the journey of self-improvement and holistic wellbeing.”

Speaking on the occasion, Yog Rishi, Swami Ramdev said, “Today it is a moment of great honor as my wax figure in ‘Tree Pose – a classic standing posture which establishes strength and balance’ – has been unveiled at Madame Tussauds New York. I consider this as an important recognition of the global influence of Indian culture, especially Yoga and Ayurveda.

This wax figure symbolizes much more than my personal journey. It represents the ancient and spiritual wisdom of India which is based on the principles of ‘Vasudhaiva Kutumbakam’ and “Sarve Bhavantu Sukhinah, Sarve Santu Niramaya” which present the ideal of life.

Furthermore, I would like to express my gratitude to Madame Tussauds for this honor and all those who have embraced the teachings of Yoga and Ayurveda. Let us continue to share this Indian heritage with the world, and foster a healthier and more harmonious global community.”

Baba Ramdev, the co-founder of Patanjali Ayurveda Ltd, one of India’s largest and most prestigious Ayurveda businesses, has played a pivotal role in encapsulating the true essence of Ayurveda, blending ancient wisdom with the latest technology. Madame Tussauds artisans, in a previous visit to London, meticulously took over 200 exact measurements and pictures during the figure sitting with Baba Ramdev, ensuring a realistic resemblance in the creation of his wax figure.

Tecno Spark 20 Launching On 30th January, Breaking All Storage Records

January 31st, 2024:TECNO, the global smartphone brand, is turning their slogan “Stop At Nothing” into reality and making premium hardware and software tech accessible for Indian consumers with the unveiling of the SPARK 20 – the latest addition to its all-rounder Spark series on January 30, 2024.

Before delving into the details, the teaser of the smartphone on Amazon and TECNO’s social handles reveals a premium-looking device in the hands of mesmerizing Deepika Padukone. Shifting gears in 2024, TECNO with its dynamic brand ambassador, seem to already be makingbold moves into the future of making innovation more stylish and catering to the evolving needs of today’s users.

SPARK series from TECNO has consistently won the hearts of users, being the go-to all-in-one smartphone that checks all the boxes for a complete user experience. Now, taking it up a notch, TECNO’s latest addition is here to serve THE UNCOMPROMISED user experience.

The journey of crafting the Spark 20 started with a simple question: What do Indian consumers really want in a smartphone? Are they giving up some cool features for others? This proudlyMade-in-India smartphone challenges the status quo!

Designed specifically for today’s dynamic Indian users who want it all – crazy storage, epic camera, and a sleek design – the TECNO SPARK 20 delivers the whole package without breaking the bank!It’s the smartphone that refuses to compromise on experience!

With a mind-blowing 256GB storage and a cool 8GB+8GB RAM combo, unheard of in the segment, this device makes space for saving all your precious memories. Further, Spark 20 flaunts a segment-first32MP front camera and a whopping 50MP rear camera, perfect for everyone wholoves takingultra-clear selfies for Instagram or capturing breathtaking landscapes. And why should users have to compromise on design just because they are not paying a hefty price for the device? This smartphone is designed for perfection, showcasing a sophisticated ultra-premium design that effortlessly blends style with functionality.

And there’s more to love! The SPARK 20 goes the extra mile, catering to those who live for entertainment. By including a complimentary OTT Play premium subscription valued at ₹5604, Spark 20 offers a whopping 23 must-watch OTT platforms right to their fingertips, making it an ultimate value-for-money smartphone.

So be ready to experience this all-rounder as TECNO is dropping the Spark 20 series at nearby retail outlets and on Amazon, ensuring every detail is UNCOMPROMISED!

Garbage In, Data Out: 4 Ways AI Can Transform Waste Management

Waste management is one of the foundations of society. Without it, we wouldn’t have functioning cities.

But the amount of garbage that humans produce over time has increased by staggering proportions. According to the World Bank, it will likely continue to do so, increasing 70% by 2050 to 3.4 billion tons.

A recent article in the IEEE Smart Cities newsletter notes that conventional methods of handling garbage may not be able to handle the increase. It calls for increased deployment of artificial intelligence to increase recycling rates and make collection more efficient.

Here’s a look at some of the possibilities:

• Machine vision for recycling: Separating recyclables from solid waste headed for the landfill is often done by humans. It’s labor intensive, and the cost of labor can exceed the price recycling centers get for materials. It’s particularly hard with different types of plastics.
• Smart garbage cans and predictive analytics: IoT-enabled public trash cans might be able to send alerts when they’re full. That’s a benefit in itself, especially if it stops people from throwing garbage on the street when there’s no room at the bin. But data from the bins can also be used to create a bigger picture: predicting when trash cans are likely to be full before they are actually full and planning the most efficient pickup routes. The data can also be used to determine the best place for new garbage cans.
• Route optimization for garbage trucks: Artificial intelligence algorithms can also make garbage collection smarter and greener. AI can map out the best routes for collection trucks, considering how full the bins are, traffic jams and even environmental factors. This might mean less fuel burned and fewer emissions.
• Predictive maintenance: Trash collection can take a heavy toll on equipment.  To keep trash trucks and smart bins in tip-top shape, AI may be deployed to keep an eye on the condition of equipment and vehicles, predicting when they’ll need a fix. This might mean less downtime and more efficient trash handling.
• While there are numerous possibilities, improving recycling technology is one of the biggest opportunities in the field.

“The biggest challenge in the recycling process is separating waste for recycling,” said IEEE Senior Member Euclides Chuma. “Although there are automated technological solutions for this separation process, these solutions are expensive. It is necessary to reduce the costs of automatized equipment used in the recycling process. The ability to increase recycling rates  has global impacts.”