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Economic Times
21-06-2025
- Business
- Economic Times
International Yoga Day! From yoga mats to boardrooms — CEOs share their wellness mantras
On International Yoga Day 2025, Indian corporate leaders are increasingly integrating yoga and mindfulness into their daily routines. These practices offer clarity, composure, and emotional strength, essential for navigating high-stakes business environments. Leaders across sectors emphasize that prioritizing mental and physical well-being is crucial for sustained performance and effective decision-making. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As the world marks International Yoga Day 2025, a quiet transformation is already underway in India Inc's corner many leaders, yoga and mindfulness are no longer just wellness trends—they're essential pillars of their leadership a high-stakes business environment marked by volatility and decision fatigue, these ancient practices are offering modern solutions: clarity, composure, and emotional leaders across sectors—from insurance to investment banking—shared with ETMarkets how they integrate yoga, meditation, and mindful routines into their daily lives to stay focused and mentally K. Goel, Director at Bonanza Group, begins each day with a sunrise walk followed by yoga—a practice he says is as much about mental hygiene as physical fitness. 'That combination helps create a space of inner stillness and presence,' he him, this early morning ritual is not just a lifestyle choice—it's leadership preparation. 'The walk offers mental clarity and solitude, while yoga brings physical balance and mindfulness. It allows me to approach decisions with a calm, focused, and composed mind.'For Shanai Ghosh, MD & CEO of Zuno General Insurance, the discipline goes even deeper. She believes mental fitness is as critical as any financial metric. 'To me, health is most important,' she says.'I prioritize both mental and physical well-being, intertwining yoga and meditation into my daily routine.' These practices, she adds, have been instrumental in helping her maintain focus amid professional responsibilities and personal commitments. 'They help me keep a calm demeanor, which is vital in today's always-on business environment.'Ravi Kumar Jha, MD & CEO of LIC Mutual Fund AMC, echoes this balance between body and mind. For him, the key lies in gentle, consistent movement. 'Light stretching and yoga are the cornerstones of my fitness routine,' he keeping him physically agile, these routines 'support mental clarity by promoting a strong mind-body connection, which grounds me for a productive day.'These sentiments resonate with Sonia Dasgupta, MD & CEO – Investment Banking at JM Financial , who follows a detailed morning routine anchored in mindfulness.A long-time practitioner of Iyengar Yoga, Sonia starts her day early with hydration, followed by 30 minutes of yoga or aerobic exercise. 'Yoga calms and declutters my mind and keeps me physically agile,' she her discipline doesn't stop at physical wellness. 'I also practise gratitude each morning—it gives me positivity and purpose. A calm mind always leads to better decision-making,' she ritual also includes reading and planning the day with a to-do list, helping her maintain direction and connects these leaders is a shared belief: that well-being is not a luxury, but a necessity in sustaining performance and clarity in a fast-moving corporate it's walking at sunrise, meditating before meetings, or structuring mornings with intention, each of them has found a unique way to stay message this International Yoga Day is loud and clear—mindful leadership is not just about managing businesses; it's about managing the self. And in that balance lies the key to long-term success.
Economic Times
14-06-2025
- Business
- Economic Times
Mind Over Money: A Walk at Sunrise, Yoga, and Bhagavad Gita: The Routine That Grounds Bonanza's Shiv Goel
Q) Thanks for taking the time out. Could you tell us about how you begin your day? Live Events Q) You've spoken about being spiritually aligned. How has spirituality shaped your leadership style and decision-making at Bonanza Group? Q) 'Giving' is a beautiful theme in your life. Could you expand more about how it brings peace in your life? Q) How do you stay grounded amid the pressures of the corporate world? Q) How do you prioritise your work, personal life and other commitments? Q) What final advice would you give to young working professionals? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of Mind Over Money, we explore the deeply reflective world of Shiv K. Goel , Director at Bonanza Group , whose day begins not with spreadsheets or strategy calls, but with a sunrise walk, yoga , and spiritual readings from the Srimad Bhagavad Gita For Goel, success isn't defined solely by business milestones but by the ability to remain grounded, composed, and purpose-driven amidst the chaos of corporate this conversation, he shares how his morning rituals and spiritual alignment shape his leadership style, instill resilience, and inspire a life rooted in empathy, balance, and inner clarity. Edited Excerpts –Starting my day with a sunrise walk followed by yoga helps create a space of inner stillness and presence. The walk offers mental clarity and solitude, while yoga brings physical balance and routine sets the tone for the day, allowing me to approach decisions with a calm, focused, and composed spiritual alignment offers twofold benefits. Firstly, it helps me handle successes and failures in both personal and business life with balance, recognizing God's it reinforces the karma principle, guiding Bonanza Group to operate with deep integrity, treating all stakeholders with fairness, respect, and transparency.I see 'giving' as a natural part of life that aligns with the universe's greater order. Daily acts like feeding birds, cows, and the less privileged remind me that life is about brings peace by restoring balance amidst the pursuit of success. Selfless giving humbles the ego and fosters and listening to spiritual texts, especially Srimad Bhagwat Ji, reminds me that while we're responsible for our actions, the outcomes are in divine helps me stay centered, optimistic, happy and resilient during challenges. It's a reminder to lead with purpose, not Giriraj Ji Parikrama in Govardhan acts as a spiritual reset for me. Walking 21 km in silence, immersed in devotional music, allows for deep inner reflection and removes helps me realign priorities, discern what's important, and cultivate gratitude. This periodic withdrawal builds resilience, clarity, and spiritual no substitute for hard work; success is built on consistent effort. Truly listening to mentors, your team, and your inner voice is also life is about balance. A professional life driven by purpose, ethics, and spiritual values is more fulfilling and sustainable. Work hard, stay humble, remain spiritually anchored, and meaningful success will follow.
Time of India
14-06-2025
- Business
- Time of India
Mind Over Money: A Walk at Sunrise, Yoga, and Bhagavad Gita: The Routine That Grounds Bonanza's Shiv Goel
Q) Thanks for taking the time out. Could you tell us about how you begin your day? Live Events Q) You've spoken about being spiritually aligned. How has spirituality shaped your leadership style and decision-making at Bonanza Group? Q) 'Giving' is a beautiful theme in your life. Could you expand more about how it brings peace in your life? Q) How do you stay grounded amid the pressures of the corporate world? Q) How do you prioritise your work, personal life and other commitments? Q) What final advice would you give to young working professionals? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of Mind Over Money, we explore the deeply reflective world of Shiv K. Goel , Director at Bonanza Group , whose day begins not with spreadsheets or strategy calls, but with a sunrise walk, yoga , and spiritual readings from the Srimad Bhagavad Gita For Goel, success isn't defined solely by business milestones but by the ability to remain grounded, composed, and purpose-driven amidst the chaos of corporate this conversation, he shares how his morning rituals and spiritual alignment shape his leadership style, instill resilience, and inspire a life rooted in empathy, balance, and inner clarity. Edited Excerpts –Starting my day with a sunrise walk followed by yoga helps create a space of inner stillness and presence. The walk offers mental clarity and solitude, while yoga brings physical balance and routine sets the tone for the day, allowing me to approach decisions with a calm, focused, and composed spiritual alignment offers twofold benefits. Firstly, it helps me handle successes and failures in both personal and business life with balance, recognizing God's it reinforces the karma principle, guiding Bonanza Group to operate with deep integrity, treating all stakeholders with fairness, respect, and transparency.I see 'giving' as a natural part of life that aligns with the universe's greater order. Daily acts like feeding birds, cows, and the less privileged remind me that life is about brings peace by restoring balance amidst the pursuit of success. Selfless giving humbles the ego and fosters and listening to spiritual texts, especially Srimad Bhagwat Ji, reminds me that while we're responsible for our actions, the outcomes are in divine helps me stay centered, optimistic, happy and resilient during challenges. It's a reminder to lead with purpose, not Giriraj Ji Parikrama in Govardhan acts as a spiritual reset for me. Walking 21 km in silence, immersed in devotional music, allows for deep inner reflection and removes helps me realign priorities, discern what's important, and cultivate gratitude. This periodic withdrawal builds resilience, clarity, and spiritual no substitute for hard work; success is built on consistent effort. Truly listening to mentors, your team, and your inner voice is also life is about balance. A professional life driven by purpose, ethics, and spiritual values is more fulfilling and sustainable. Work hard, stay humble, remain spiritually anchored, and meaningful success will follow.
Mint
10-06-2025
- Business
- Mint
Nifty 50 to reach 26,600 level by 2025-end; IT among top sectors that can create wealth: Achin Goel, Bonanza Group
Expert View: Achin Goel, PMS Fund Manager at Bonanza Group, believes that Nifty 50 can reach at 26,600 level by the end of 2025, helped by 11% EPS growth in Nifty-50 constituent companies. Furthermore, he expects the FII to remain bullish on the Indian stock market as India's solid economic growth and ongoing reforms will mitigate geopolitical risks and maintain strong foreign investor interest. Edited excerpts: India's strong macroeconomic fundamentals are acting as a powerful tailwind for the equity markets. We're seeing a combination of high GDP growth, strong tax collections, manageable inflation, and consistent government capital expenditure—all of which are laying a solid foundation for sustainable earnings growth. From an investor's perspective, this kind of macro stability builds confidence. For example, a disciplined fiscal approach and RBI's measured monetary policy help keep inflation and interest rate volatility in check, which is crucial for long-term equity flows, especially from institutional investors. Moreover, the government's emphasis on infrastructure, manufacturing through PLI schemes and digital public infrastructure is accelerating a multi-sector capex cycle. This directly benefits sectors like capital goods, construction, banking and industrials. In addition, India's demographic dividend and rising middle class continue to support domestic consumption, which strengthens sectors such as FMCG, autos and retail. Put simply, strong macros don't just support the market—they help broaden the rally and deepen sectoral participation, making India one of the attractive investment destinations among emerging markets. The recent stellar run of the smallcap index, which has outperformed the Nifty 50 and large caps with gains like 6.87% in May 2025 and double-digit returns for many stocks, is driven by strong growth potential and renewed investor interest in sectors such as railways, defense, and financials. Smallcaps benefit from their higher growth prospects and are seen as attractive for medium-to long-term investors willing to tolerate higher risk. However, this rally comes amid significant challenges: Q4FY25 smallcap profits contracted by 19%, contrasting with midcap and largecap earnings growth. Earnings downgrades, government capex slowdowns, and sector-specific weaknesses—especially in cement, private banks, consumer, and auto sectors—have raised concerns about sustainability. Thus, while smallcaps offer compelling upside due to valuation discounts and sectoral tailwinds, the earnings misses and macro uncertainties warrant caution. Investors should balance the growth potential against heightened volatility and selectivity risks amid an uneven earnings backdrop. The outlook for Indian IT sector in FY26 appears challenging, primarily due to the impact of discretionary spending cuts in the US amid rising recessionary pressures. The US, which accounts for over half of India's US$190bn software exports, is experiencing a cautious consumer sentiment with many consumers planning to reduce spending on discretionary items. This cautiousness is exacerbated by tariffs imposed by the US administration, which have fueled inflation and heightened fears of a recession. Tariffs, which is not directly targeting IT services, but indirectly affect Indian IT companies as their clients in manufacturing, logistics and retail sectors face higher costs and uncertainty, leading to delayed projects and slower deal cycles. As a result, current scenario is marked by limited new outsourcing opportunities and pressure on margin due to pricing and limited rupee depreciation benefits. However, Indian IT companies specialising in AI, Gen AI and cloud services are poised for robust growth, driven by rapid digital transformation and increasing adoption of AI-as-a-Service and hybrid cloud models. US companies, facing recessionary pressures are intensifying cost optimization efforts by prioritizing scalable, efficient cloud solutions and AI deployments that reduce operational expenses while enhancing productivity. This focus on cost efficiency is influencing Indian IT firms to offer optimized cloud and AI services that align with US clients' budget-conscious strategies. Defence and railway stocks have shown a notable upward movement recently, fueled by strong government initiatives and strategic sectoral developments. Defence stocks are signaling a potential turnaround after previous corrections, supported by India's aggressive push for indigenisation and export growth. Further, Operation Sindoor has significantly boosted investor interest defence stocks, as some of the stocks rising up to 35% shortly after the conflict began. The surge reflects expectations of increased defence spending, replenishment of military inventories and export opportunities driven by India's demonstrated indigenous military strength and technological edge. Meanwhile, railway stocks also rallied strongly on the back of a significant capex push, with government budget allocations of Rs.2.62 lakh crore for railway capital spending in 2025–26 aimed at infrastructure upgrades and electrification projects. However, given the sustained government focus on modernization, 'Make in India' initiatives and technological adoption in both sectors, the upward trend appears poised to continue in the medium term, provided macroeconomic stability and policy continuity remain intact. The ₹ 43,400 crore promoter selloff in May warrants cautious interpretation rather than outright alarm. While the timing coincides with Nifty's 12% surge, this appears driven by liquidity dynamics rather than fundamental concerns. With FIIs and DIIs injecting Rs.80,000 crore, promoters are naturally stepping in to provide supply through block deals, as individual retail investors cannot facilitate large institutional purchases. However, the dichotomy between companies guiding strong growth while promoters dump shares at high valuations does raise questions about insider sentiment. Large-cap withdrawals such as InterGlobe ( ₹ 11,560 crore) and ITC-BAT ( ₹ 12,900 crore) may indicate portfolio rebalancing, while small and midcap promoter selling may be seen with caution and may warrant a deeper analysis. While not strictly a red warning, this pattern suggests that bulls should exercise greater caution given the current values. Many leading brokerages have recently upgraded their Nifty-50 target for the year 2025, reflecting a bullish outlook based on fundamental analysis. This optimism is driven by strong corporate earnings growth, robust economic indicators, and favourable monetary policy with 50bps rate cut by the RBI. FIIs have also turned net buyers amid a weakening dollar index and volatile US bond yields, further supporting market sentiment. On the above thesis, we are also expecting ~11% EPS growth in Nifty-50 constituent companies to reach to ~Rs.1,300 in FY26. On this basis, we are expecting Nifty-50 to reach at 26,600 level, a further upside of 6.5% by end of 2025. Foreign investors have shown renewed confidence in Indian markets, pumping in ₹ 4,223 crore in April followed by a record ₹ 19,860 crore in May 2025, marking the strongest inflows this year. This enthusiasm comes from a mix of positive factors: India's GDP growth surprised everyone with a strong 7.4% in the last quarter, the weakening US dollar made Indian assets more attractive and talks of a possible US–India trade deal have boosted long-term optimism. On top of that, policy changes like easing investment rules for Saudi Arabia's sovereign fund show India's commitment to welcoming foreign capital. While the near-term uncertainties such as geopolitical risks and rising US treasury yields may reverse this trend. However, India's solid economic growth and ongoing reforms will mitigate these risks and maintain strong foreign investor interest in the months ahead. Technology and IT services are top sectors for wealth creation, driven by digital transformation and AI adoption. Renewable energy and electric vehicles benefit from strong global sustainability trends and supportive policies. The pharmaceutical and healthcare sector offers consistent growth due to innovation and export opportunities. Infrastructure development is propelled by urbanization and government projects. Financial services and FinTech are growing through digital inclusion and financial deepening. Lastly, consumer goods thrive on rising middle-class consumption and rural market penetration. Diversifying across these sectors can help investors build and preserve wealth. As of early June 2025, the Indian rupee is stable, trading between ₹ 85.80 and ₹ 86 against the US dollar. It has strengthened slightly by 7 paise, helped by foreign money coming into the country and a soft approach by the RBI. The RBI surprised everyone by cutting the repo rate by 0.5% to 5.5%—its biggest cut in five years. It also reduced the CRR by 1%. This shows the RBI is confident because inflation in India has fallen to about 3.16% in May, which is low and manageable. A weaker US dollar, lower inflation in India, and cheaper oil prices have reduced India's import costs. This helps the economy since India imports a lot of oil and goods priced in dollars. Exporters, especially in IT and pharma, could benefit as their products become more competitive globally. However, their earnings in dollars may be worth less in rupees. Upcoming US job data could also affect how strong or weak the dollar remains and influence investment into countries like India. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
01-05-2025
- Business
- Mint
‘Sell in May and go away': Will this adage come true for Indian stock market after strong gains in last two months?
Stock market outlook: "Sell in May and go away" — the old stock market adage is once again under the spotlight as the month of May kicks off. With the Indian stock market benchmark index Sensex posting a robust 9% gain over the past two months, investors are wondering: Does the saying still hold water this year? While strong buying by foreign institutional investors and supportive macroeconomic policies have fueled a stock market rebound, real concerns like unresolved tariff disputes, India-Pakistan tensions and risks of earnings downgrades still linger, prompting worries of a possible trend reversal in May. According to the historical trend on Dalal Street, this adage doesn't hold true for the Indian stock market, as Nifty has delivered positive returns in six out of the last 10 years in May, reflecting a 60% probability of a bullish outcome. "While the average decline during the four negative Mays was -1.56%, the average gain during the positive years stood at a notable 3.51%, making May historically favourable for buyers," said Kunal Kamble, Senior Technical Research Analyst at Bonanza Group. Analysts believe the positive trend might extend to May, with a possibility of minor pullbacks but not a downtrend. If we look at historical data, the Nifty 500 stocks have given positive returns in the month of May 7 out of 10 times, and hence the adage of 'Sell in May and Go Away' has not been historically proved correct in last 10 years, opined Ruchit Jain, VP - Head of Equity Technical Research, Motilal Oswal Financial Services. The markets have seen a run-up in the month of April, but charts indicate that this is the start of the next leg of the uptrend post the completion of the recent corrective phase near 21,750-22,000, he added. However, he cautioned that with the RSI looking a bit overbought and retracement resistance seen around 24,550, we might see some profit booking. Jain added that as we may see a pullback move due to uncertainty over geo-political tensions, but not a down trend and thus, we advise investors to stay put and hold their investments from a bit mid-term perspective. "Any correction should just be seen as a pullback move within an uptrend and should be used as a buying opportunity," Jain opined. Kamble of Bonanza Group also echoed similar views. He said that the index is trading above its major EMAs, indicating sustained strength in the trend. "From a derivative perspective, option open interest for the May series is heaviest at the 25,000 Call level, indicating a strong resistance zone, while the Put base stands at 23,500, reflecting solid support. The upward trend is likely to remain intact as long as the market holds above 23,850," said Kamble. He also advised viewing any dip as a buying opportunity in the index. Fundamentally, too, India remains in a favourable spot regarding the ongoing tariff war amid a rising possibility of a trade deal with the US. Mark Mobius, who has been investing in developing markets for about three decades, recently told Bloomberg that some emerging market countries, such as India, will do quite well in the current environment. Even Jefferies' Christopher Wood championed investing in the Indian stock market and selling US stocks amid the uncertainties looming over the capital markets due to Donald Trump's trade tariffs. The behaviour of FIIs signals the growing clout of India in the global environment. FIIs have turned net buyers over the last ten days, infusing ₹ 4,223 crore in the equity cash segment in April. Analysts are largely recommending a buy-on-dips strategy as worries such as rising dollar, FII selling and trade tensions have ebbed. "The factors that had led to correction in our markets, such as the rising Dollar Index and FII selling, have turned favourable for us. The Dollar Index is hovering below 100, FIIs have turned buyers in equities, and the USD INR has strengthened to around 84.50. This should result in a sustained upmove for our market in the medium term," Jain of MOSL said. The only concern is the geo-political tensions with the neighbouring country, Pakistan, and we do not know to what extent it will escalate. However, we believe markets would factor in that soon and thus, one should keep a buy-on-dip approach and use declines as buying opportunity, he added. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 1 May 2025, 12:10 PM IST
