In an interview with Business Standard's Abhishek Kumar, Subramaniam says cash transfers to citizens by state governments can also contribute to consumption growth. Separately, in the primary markets today, Standard Glass IPO in the mainline section and Indobell Insulation IPO in the SME section will list on the bourses, while Laxmi Dental IPO in the mainline section will open for subscription. Apart form that, in the SME section, Barflex Polyfilms IPO and Sat Kartar IPO will enter Day 2 of their subscriptions. In the previous trading session, Indian benchmarks declined for the second consecutive day.
In 2024, 48 companies repurchased shares worth Rs 13,423 crore, compared to Rs 48,079 crore spent on share buybacks by the same number of companies in 2023. On the positive side of things, Chief Investment Officer of UTI Asset Management Company, Vetri Subramaniam, says economic growth is likely to improve in the second half of 2024-25 (FY25) due to an increase in government expenditure.
Stock Market LIVE Updates: A holiday in Japan made for thin early trading on Monday and MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.4 per cent.
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