Festive season, positive outcomes

 Festive season, positive outcomes

The year will finish in less than two and a half months. This means that I have around 70 days to follow through on my New Year's objectives, but it also signals the start of the holiday season in much of India.

Additionally, India Inc. is at a crucial juncture. Many quarterly results are released around this time, and businesses consider how the first half of the fiscal year went in order to prepare for the second.

🛒 October provides a lot of happiness to Indian households as the rainy season comes to an end: from Onam to Durga Puja and finally Deepavali, it is a period of celebration and expenditure. The spectacle of the Cricket World Cup is added, and the consumer products industry emerges as the obvious victor. It is wonderful news, especially after the first few months of the year proved to be relatively sluggish, particularly in rural India, that demand for consumer goods and personal care items has increased ahead of Diwali [FMCG Q2 Results here].

PhonePe, known for handling UPI transactions, is attempting to expand and take on the role of a payment aggregator. PhonePe will need to provide significant discounts for retailers to view it as a viable choice since the industry has poor margins and is subject to intense regulatory scrutiny, according to Arti Singh.

Analysts and investors were eagerly awaiting HDFC Bank's quarterly results since it was the institution's first after the $40 billion merger with its parent firm was finalized. In her article, Gopika Gopakumar discusses how HDFC Bank's 51% increase in profit in the September quarter, which came from increased earnings and fewer provisions, exceeded analyst forecasts. The merger did, however, cause the firm to record a greater bad loan ratio.

🏃‍♀️ India will submit a proposal to host the Olympic Games in 2036, according to the prime minister. Even if India's application is rejected, the 16-day event would cost the country $50 million, according to Sumant Banerjee. The cost would be in the billions if we were to really win and host it. Are the financial costs associated with hosting the Games worth it?

Next month's elections will take place in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, and Mizoram. These states' rates of inflation differ from one another. Politicians often point the finger at one another for the financial difficulties of the average person, but one wonders whether this is truly a contentious subject or if it will pass once the election results are known. Rhik Kundu elucidates.

The market for organic food in India is quite small, despite considerable demand. Organic foods fall behind in the price competition since they are at least 20% more costly than their conventional equivalents. Furthermore, there is little information available on pesticide use, which increases consumer mistrust. Sayantan Bera provides a first-hand account of the situation of organic farming in India and an outlook for the industry.

Mumbai has long had sky-high rentals and home prices. The epidemic has somehow made Mumbai's housing market even more pricey. Although there is a strong demand for huge residences, Madhurima Nandy says that Mumbai must compete with other major cities for luxury developments that may be available elsewhere at a lower cost.

Navi dominated the mutual fund industry by producing outstanding performance and making aggressive investments. However, if you bought Navi's mutual fund, you will be required to provide someone else access to your phonebook in order to access your investments. Sashind Ningthoukhongjam investigates this dubious activity by Navi in further detail and meets with investors who are dissatisfied with the present situation.

India is not well recognized as a significant maritime hub. Large ships avoided India in order to dock in nearby ports like Colombo, Dubai, or Singapore because India lacks a natural harbor with significant depth. That will change thanks to the development of Kerala's Vizhinjam port, which would benefit such ships thanks to its 20 meters of natural depth, says MK Nidheesh.

For their families' financial security, many purchase life insurance plans. Although it may not be the top priority right immediately when a loved one dies away, beneficiaries should carefully consider how they will use the estate's earnings. Aprajita Sharma examines how to handle such a circumstance. 

For this week, that is it. I hope everyone has a good weekend!

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