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Keeping in line with the focus on India’s financial growth, the Union Budget 2024 is expected to be pro-investment with an emphasis on improving the ease of doing business and attracting foreign investment

The company expects to win around 25 percent of all Indian Railways tenders for Kavach systems; sees interim Budget giving thrust on capex for developing railway infrastructure.

The market trend may continue to be volatile on Thursday, especially as the interim budget will be delivered.

Tata Motors extended upward move for fifth consecutive session, and strong rally in the last three sessions with healthy volumes, while the stock continued higher highs, higher lows formation for four days in a row.

Foreign lessors, including an Irish subsidiary of U.S.-based ACG, were blocked from recovering jets caught up in the bankruptcy of budget carrier Go First last year and many are still embroiled in a legal battle to recover their assets.

Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP

According a Moneycontrol survey of economists, the gross tax collections estimate for the next financial year may be pegged at Rs 38.3 lakh crore as against the 2023-24 Budget estimate of Rs 33.6 lakh crore

Economists polled by Moneycontrol see the Centre continuing to spend heavily on investments in Budget 2024, although the increase in the capital expenditure allocation in 2024-25 may be far lower than in recent years.

The central bank on January 31 said that Paytm Payments Bank will not be allowed to accept fresh deposits, undertake credit transactions, or top-ups in any customer accounts. This also includes prepaid instruments, wallets, FASTags, and NCMC cards, among others

Shares of cement stocks such as UltraTech Cement, ACC, Ambuja Cement, Dalmia Bharat, Shree Cement will be in focus ahead of the interim budget to be announced on February 1. All these stocks have surged between 20-40 percent over the last one year