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With over 60 insurers between life and general insurance and a large number of them being joint ventures, there is really an acute shortage of local partners, who either have the ability or the inclination to get into this space.

Hours after the rupee was left to the market forces to decide its worth, the IMF announced that its delegation will be visiting Pakistan from Jan 31 to Feb 9 to discuss its 9th review of a bailout package agreed for $6 billion in 2019, and topped up to $7 billion last year.

The Finance Minister should incentivise retail participation by bringing some tax advantages for those who at least are investing in the sovereign bonds and state development loan papers (SDLS), Thus, getting more retail money for government fundraising and meeting its fiscal deficit.

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A big hurdle for the stock will come next week when the Federal Reserve is expected to raise rates and will give a sense of the path forward for future hikes. A hawkish tone could derail Tesla’s strong start to the year.

Accreditation of investors has been introduced by SEBI as a way to determine investor maturity and therefore reduce investment ticket size. With the increase in private wealth and the growth of HNIs, it is necessary to provide a significant policy push to this initiative. If accreditation becomes “digital” and hence instantaneously verifiable, the impact on deepening AIF penetration could be transformational.

To accelerate the growth of railways under the NRP 2030 I am increasing the budget to INR 2 lakh crore. The focus will be on accelerating the Dedicated Freight Corridors and also increasing the pace of the Bullet Train (high speed) and Vande Bharat (semi-high speed) railway projects.

After two days of back-to-back big red candles, the market participants may prefer waiting before the big day. Therefore, a range-bound movement before the budget looks very much possible.

A total of 20,013 shares changed hands on the counter till 01:37PM (IST)

The slew of bad news has been relentless for the industry —from companies filing for bankruptcies to those laying off large chunks of their staff. Still, crypto faithfuls maintain belief in the coin even as the industry grapples with one of its darkest stretches yet amid the fallout from the FTX implosion.