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On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in its various export markets that span over 100 countries while also enhancing distribution network, having taken best practices from India such as making bank finance available at dealerships, strengthening service facilities and parts availability to the export markets. "Till about three years ago our exports were in the range of 1 to 1.2 lakh cars a year. Both as a national vision and as a business ambition, we decided to scale up drastically and from those levels and in 2022-23 we reached about 2.59 lakh units exports and in 2023-24 we completed 2.83 lakh," Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti told PTI. He further said, "The interesting part of this is that it bucked the trend of industry. While the rest of the car industry exports actually shrunk by 3 per cent, Maruti Suzuki was able to grow by about 9.3 per cent to 2.83 lakh units a year. With this 42 per cent of all cars exported from India are from Maruti Suzuki." Bharti said the company's strategy is aligned with the government's vision under the leadership of Prime Minister Narendra Modi to step up India's exports for the country to capture a larger share of the global trade to meet the ambitions of 'Viksit Bharat'. "We are not only doing this with existing models. Even for the EV, the start of production of which will be in FY25, we would start export, and export it to advanced markets like Japan and Europe," he noted. On the road ahead for exports, he said, "We hope to keep improving it steadily and by 2030 we have a target of 7.5 lakh to 8 lakh units total exports." When asked if the company can cross the 3 lakh units mark in exports in FY25, Bharti said, "Yes certainly. It is possible barring any major surprises." Sharing the company's strategy for increasing exports, Bharti said, "We don't have all the models in all the 100 markets now. Therefore, the way to enhance exports is more model launches in more countries of the world and at the same time more distribution network." On the qualitative side, he said, "What we are doing is taking a lot of best practices from India to these export markets." He cited examples of making bank finance available at the dealerships, how to give confidence to the customer once the car is sold by providing after-sales service, making easy availability of parts and setting up of customer complaint handling system in order to have more buyers in the overseas markets. "So all these best practices help in giving more confidence to the customer and it reflects in the number of exports," he said. In FY24, Maruti Suzuki posted record exports of 2,83,067 units, up from the previous best of 2,59,333 units in FY23. In FY22 its exports were at 2,38,376 units. Prior to that in FY21 the company's overseas shipments were at 96,139 units, while in FY20 it was at 1,02,171 units and in FY19 it stood at 1,08,749 units. In FY24, Maruti Suzuki's top ten export markets were South Africa, Saudi Arabia, Chile Mexico, the Philippines, Indonesia and Ivory Coast. Its top export models were Baleno, Dzire, Swift, S Presso, Grand Vitara, Jimny, Celerio and Ertiga.

There are a host of corporate actions scheduled for this week. Sun TV Network, Vesuvius India, and DCM Shriram Industries will trade ex-dividend, while Grauer & Weil will trade ex-bonus this week.On Monday, 8 April, Indian Metals & Ferro Alloys (Rs 15/share), Prima Plastics (Rs 2/share), and Sun TV Network (Rs 3/share) will trade ex-dividend. Meanwhile, on Wednesday, 10 April, DCM Shriram Industries (Rs 2/share) and Vesuvius India (Rs 12.75/share) will trade ex-dividend.Goodluck India (Rs 2/share), Mold-Tek Packaging (Rs 2/share), Mold-Tek Technologies (Rs 2/share), and SH Kelkar and Company (Rs 0.75/share) will trade ex-dividend on Friday, 12 April. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.Shares of Sprayking (Rs 10 to Rs 2) on Friday will ex-split.A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts, and the stock price will be adjusted according to the split ratio.Shares of Promax Power (1:1) on Monday, while Grauer & Weil (India) (1:1) on Wednesday will also be ex-bonus.A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.The bonus shares once allotted will rank pari‐passu in all respects and carry the same rights as the existing equity shares and will be entitled to participate in full in any dividend and other corporate actions recommended.

Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders' decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we'll explore the common emotions that affect traders and strategies to manage emotions effectively in MCX Gold and Silver trading.1. Fear and Greed:Understanding Fear and Greed: Fear and greed are two dominant emotions that drive market participants. Fear of losing money can lead to hesitation, missed opportunities, and impulsive decision-making, while greed can cloud judgment and lead to excessive risk-taking.Managing Fear: Techniques such as setting stop-loss orders, adhering to trading plans, and maintaining a disciplined approach can help traders overcome fear and avoid making emotionally-driven decisions.Controlling Greed: Adopting a rational mindset, diversifying portfolios, and setting realistic profit targets can help curb greed and prevent traders from taking on undue risks.The emotional rollercoaster: Common culpritsFear of Missing Out (FOMO): The urge to jump on a trade you perceive as a runaway train can lead to impulsive decisions without proper analysis.Greed: Holding onto a winning position for too long, hoping to squeeze every last pip of profit, can backfire when the market turns.Fear of Loss: Panic selling after a minor price dip can lock in unnecessary losses. This stems from an aversion to losing, overshadowing rational analysis.Overconfidence: A string of successful trades can breed overconfidence, leading to neglecting risk management and making reckless decisions.Patience & discipline:The importance of patience: Patience is a virtue in trading, especially in the volatile world of MCX Gold and Silver contracts. Waiting for high-probability trade setups and resisting the urge to chase market movements can lead to better trading outcomes.Maintaining Discipline: Following a trading plan, sticking to predefined risk management rules, and avoiding impulsive trades are essential for maintaining discipline in trading. Embracing patience and discipline can help traders avoid emotional pitfalls and stay focused on long-term success.Overcoming Loss AversionUnderstanding Loss Aversion: Loss aversion is the tendency for traders to feel the pain of losses more acutely than the pleasure of gains, leading to irrational decision-making and reluctance to accept losses.Embracing Losses as Part of the Game: Accepting that losses are an inevitable part of trading and viewing them as learning opportunities rather than failures can help traders overcome loss aversion and make more rational decisions.Risk Management as a Tool:Implementing robust risk management strategies, such as proper position sizing and setting stop-loss levels, can mitigate the impact of losses and provide traders with a sense of control over their trading outcomes.Cultivating emotional resilience Building Emotional Resilience: Developing resilience in the face of adversity is crucial for successful trading. Strategies such as mindfulness meditation, maintaining a healthy work-life balance, and seeking support from fellow traders or mentors can help traders cope with stress and uncertainty.Learning from Mistakes: Embracing a growth mindset and viewing setbacks as opportunities for growth can help traders bounce back from losses and improve their trading skills over time.Building Resilience: Emotional Fitness for MCX TradingPractice Gratitude: Focus on the wins, big or small, to cultivate a positive mindset.Visualization: Visualize yourself making successful trades while managing emotions effectively. This mental rehearsal can boost your confidence.Develop Healthy Habits: Prioritize sleep, exercise, and a balanced diet to manage stress levels and improve your overall well-being, which translates to better trading decisions.To ConcludeBy understanding the psychology of trading and implementing effective emotion management strategies, traders can enhance their decision-making process, mitigate risks, and ultimately achieve greater success in trading MCX Gold and Silver contracts.(The author, Jateen N Trivedi. is Vice President Research Commodities & Currency at LKP Securities)

Chinese Premier Li Qiang said on Sunday the United Stated and China need to respect each other and should be partners, and not adversaries. Li made the remarks at the start of a meeting with U.S. Treasury Secretary Janet Yellen in Beijing, adding that "constructive progress" had been made in Yellen's meetings in the southern manufacturing hub of Guangzhou.

Noted economist and chairman of fifteenth finance commission NK Singh on Saturday said that India needs to rethink existing principles that guide country’s fiscal policy, including debt, which is expected to remain high in the post pandemic world."The global average debt post-pandemic now approaches 100% and it is projected to remain above pandemic levels for about half the world,” Singh said.He was speaking at Kautilya Global Award 2023 and Fiscal Heritage award by TIOL, a platform for deliberations on public policy and taxation.Singh along with former finance secretary Vijay Kelkar was conferred the Fiscal Heritage award. Leading economist professor Jagdish Bhagwati was conferred Kautilya Global award.Defending the criticism by some economists and concerns raised about the high debt by the rating agencies, Singh said that rating agencies do not look at designated debt, but the government debt, which in this context concerns the states and the centre.He said that countries need to think what kind of debt numbers and new principles would incentivize growth. India’s total public liability increased marginally to Rs 149.86 lakh crore by the end of December 2023 from Rs 147.19 lakh crore at September-end, said the latest public debt management quarterly report released on Thursday. Public debt accounted for 90% of total gross liabilities during the third quarter of this financial year. India’s gross liabilities went up to Rs 160.69 lakh crore at the end of December 2023 from Rs 157.84 lakh crore on September-end.Talking of the next age reform noted economist Kelkar said that India needs to look at the reforms in its taxation, especially the goods and services by lowering the tax slabs and relooking the financing of its urban local bodies."India needs the next level reforms in GST...We need to.have lower tax slabs and if possible, single GST slab which will minimise tax litigation," Kelkar said.