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India’s worst economic slowdown over, but market volatility may persist: Goldman Sachs

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New Delhi [India], March 26 (ANI): The worst phase of India’s economic slowdown and earnings decline is likely over according to the global financial firm Goldman Sachs.

However, it expects market volatility to continue in the near term because of high domestic investment in small- and mid-cap stocks and global uncertainties, particularly from tariffs.

“The worst is likely behind us in terms of economic growth and earnings trajectory, and prices have corrected meaningfully,” it said.

In a recent report, the firm maintained a “MarketWeight” stance on India within the emerging markets (EM) category. It advised investors to focus on stocks with strong earnings visibility and quality growth.

The report highlighted that the NIFTY 50 index has corrected by 10 per cent from its peak in September 2024. This decline was driven by a slowdown in earnings growth due to weaker macroeconomic conditions and a sharp reduction in valuation multiples across sectors.

Analysts noted that earnings per share (EPS) expectations for FY26 have been cut by an average of 7 per cent across the market.

Goldman Sachs attributed the recent economic slowdown to cyclical factors rather than structural weaknesses. It explained that policy measures such as strict credit regulations in late 2023, a cautious monetary approach, tight liquidity due to foreign exchange outflows, and fiscal tightening had contributed to the weaker growth momentum.

The report said “the growth slowdown is cyclical rather than structural, and largely reflects policy tightness — the lagged effects of credit regulation in late 2023, cautious monetary policy and (until recently) tight liquidity amidst FX outflows”

However, the report suggested that some recent policy changes could help the economy recover in the coming months. These include income tax relief announced in the Union Budget and policy rate cuts by the Reserve Bank of India (RBI).

Goldman Sachs’ economists project that India’s real GDP growth could improve to 6.4 per cent in the second half of 2025.

Despite this optimism, the report cautioned that risks remain, particularly from potential U.S. tariffs on Indian goods, which could impact trade and economic growth.

Overall, while the worst phase of the slowdown may be behind, investors should remain cautious about market volatility and external risks affecting India’s economic outlook. (ANI)

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Nnamdi Kanu detained, prosecuted for making same remark as DSS DG, Ajayi – Ejimakor

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Aloy Ejimakor, the Special Counsel to Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, has reacted to the comment by the Director General of the Department of State Services, DSS, Oluwatosin Ajayi, that Nigerians should defend themselves.

Ejimakor said Kanu was detained and is being prosecuted for making the same comment Ajayi made.

He disclosed that the same remark from Kanu led to the proscription of IPOB and hounding of Igbos as terrorists.

On Tuesday, the DSS DG said Nigerians must take responsibility for their own security, as the military, police, and intelligence agencies do not have the capacity to protect every community from terrorist attacks in Nigeria.

Speaking at a public engagement, the DSS DG made reference to past incidents in Bauchi State, where local communities successfully fought off Boko Haram insurgents without waiting for security forces.

Ajayi urged Nigerians to rethink their approach to self-defence, emphasising that communities must serve as the “first line of defence” against terrorists and other criminals

Reacting, Ejimakor posted on X: “Defend yourselves” is the same thing MAZI NNAMDI KANU said that was twisted to justify his extraordinary rendition & charging him for ‘incitement of violence.’

“It’s also the same thing that led to the proscription of IPOB & the hounding of young Igbos as terrorists. #Injustice.”

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Don’t ever have s$x with a drunk person no matter how much pressure they put on you to do so. They might turn it to r@pe- legal practitioner, Deji Adeyanju, advises

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Deji Adeyanju, a legal practitioner, has issued a crucial warning regarding sexual activity and consent, emphasizing the importance of refraining from engaging in sexual activity with someone who is intoxicated

Adeyanju took to his X page to stress that individuals under the influence of substances cannot provide informed consent, and engaging in sexual activity with them can have severe consequences, including potential claims of sexual assault or rape.

 

Never engage in sexual activity with someone intoxicated: Prioritize the well-being and safety of all individuals involved.

Ensure enthusiastic and informed consent*: Obtain clear and willing consent from all parties before engaging in sexual activity.

Prioritize well-being, safety , and autonomy:Respect the autonomy and boundaries of all individuals involved in any social interaction.

Adeyanju’s advice serves as a reminder of the significance of consent and respect in all interactions, promoting a culture of safety, respect, and enthusiastic consent.

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FULL LIST: 11 new NNPC Limited board members

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President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Malam Mele Kyari.

A statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, indicated that the President  removed all other board members appointed with Akinyelure and Kyari in November 2023.

The new 11-man board has Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

1. Ahmadu Musa Kida – Non-Executive Chairman

2. Bashir Bayo Ojulari – Group Chief Executive Officer (GCEO)

3. Adedapo Segun – Chief Financial Officer (CFO)

4. Bello Rabiu – Non-Executive Director (North West)

5. Yusuf Usman – Non-Executive Director (North East)

6. Babs Omotowa – Non-Executive Director (North Central)

7. Austin Avuru – Non-Executive Director (South-South)

8. David Ige – Non-Executive Director (South West)

 

9. Henry Obih – Non-Executive Director (South East)

10. Mrs. Lydia Shehu Jafiya – Representative of the Federal Ministry of Finance

11. Aminu Said Ahmed – Representative of the Ministry of Petroleum Resources

 

 

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