Economists predict the RBI will lower interest rates by 25 basis points during its three-day monetary policy meeting. Falling inflation, easing growth, and lower crude oil prices are creating room for this move. Additionally, a shift towards an 'accommodative' policy stance is expected.
Steel to Jaguars: Tatas evaluate US tariffs hit
https://timesofindia.indiatimes.com/business/india-business/steel-to-jaguars-tatas-evaluate-us-tariffs-hit/articleshow/120048492.cms
https://timesofindia.indiatimes.com/business/india-business/steel-to-jaguars-tatas-evaluate-us-tariffs-hit/articleshow/120048492.cms
Tata Group is reassessing costs due to US-imposed reciprocal tariffs, discussed at their CEOs' conclave in Dubai. Chairman N Chandrasekaran addressed geopolitical uncertainties and economic changes. The tariffs impact key segments like JLR and IT services, prompting efforts to mitigate effects on their broad US exposure.
Unknown entity faked docus: Younger Lodha brother’s firm
https://timesofindia.indiatimes.com/business/india-business/unknown-entity-faked-docus-younger-lodha-brothers-firm/articleshow/120048525.cms
https://timesofindia.indiatimes.com/business/india-business/unknown-entity-faked-docus-younger-lodha-brothers-firm/articleshow/120048525.cms
House of Abhinandan Lodha has reported to the police about forged documents used to change the names of its group companies, allegedly by an unknown entity. This follows Macrotech Developers' accusation of illegal 'Lodha' branding by the company, which is embroiled in a legal battle over the brand name. An internal committee has been established to investigate the forgery.
IL&FS seeks more time to complete resolution
https://timesofindia.indiatimes.com/business/india-business/ilfs-seeks-more-time-to-complete-resolution/articleshow/120048727.cms
https://timesofindia.indiatimes.com/business/india-business/ilfs-seeks-more-time-to-complete-resolution/articleshow/120048727.cms
IL&FS has requested more time from NCLAT to resolve 57 ongoing cases among its subsidiaries, having already resolved 197 of 302 entities. So far, Rs 45,000 crore has been recovered out of Rs 99,000 crore owed, with an increased recovery target of Rs 61,000 crore. The process faces hurdles including government delays and lender actions.
Dalal Street eyes on Trump tariff fallout, RBI's rate decision
https://timesofindia.indiatimes.com/business/india-business/dalal-street-eyes-on-trump-tariff-fallout-rbis-rate-decision/articleshow/120048753.cms
https://timesofindia.indiatimes.com/business/india-business/dalal-street-eyes-on-trump-tariff-fallout-rbis-rate-decision/articleshow/120048753.cms
In the coming truncated trading week, Dalal Street investors will focus on US tariff-related issues, RBI’s interest rate decision, and other key economic factors. The recent US tariffs have triggered a global market meltdown, with significant losses in major indices worldwide, impacting various sectors back home.
Metal companies to tap demand in home market
https://timesofindia.indiatimes.com/business/india-business/metal-companies-to-tap-demand-in-home-market/articleshow/120048793.cms
https://timesofindia.indiatimes.com/business/india-business/metal-companies-to-tap-demand-in-home-market/articleshow/120048793.cms
Indian metal companies like Vedanta, JSW Steel, Hindustan Zinc, and NALCO are planning major expansions this fiscal year, driven by increasing domestic demand despite global trade challenges. Steel demand is expected to grow by 10% annually, while aluminium demand is projected to grow at a CAGR of 7.2% till 2030.
FPIs pull out Rs 10.4k crore in 4 trading sessions
https://timesofindia.indiatimes.com/business/india-business/fpis-pull-out-rs-10-4k-crore-in-4-trading-sessions/articleshow/120048840.cms
https://timesofindia.indiatimes.com/business/india-business/fpis-pull-out-rs-10-4k-crore-in-4-trading-sessions/articleshow/120048840.cms
Foreign investors withdrew Rs 10,355 crore from India's equity markets in the last four trading sessions this month due to the US imposing sweeping tariffs, including on India. This outflow followed a significant net investment of Rs 30,927 crore during the six trading sessions from March 21 to March 28.