Moody’s warns that US tariffs doubling to 50% on Indian goods, due to continued Russian oil purchases, could significantly hinder India’s manufacturing ambitions and investment inflows. This may slow GDP growth by 0.3% in FY2025-26.
MSCI is set to include four Indian stocks, notably Vishal Mega Mart and Swiggy, in its Global Standard index, potentially attracting $1 billion in inflows. Hitachi Energy India and Waaree Energies will also join the index. These changes, effective August 26, are projected to bring significant passive fund flows, with Swiggy anticipated to receive $289…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday as Donald Trump’s 50% tariffs on India and its likely impact on exports and economy hit sentiment.
President Trump’s executive order aims to broaden 401(k) investment options, potentially including private equity and cryptocurrency. This shift directs federal agencies to revise regulations under ERISA, allowing employers to offer alternative assets in retirement plans. While proponents tout higher returns, concerns remain regarding volatility, fees, and liquidity, prompting industry groups to urge caution and careful…
Goldman Sachs maintains a buy rating on Bajaj Auto, anticipating rare earth shortages to impact E2W and E3W sales. Bernstein expresses disappointment in Trent’s revenue growth despite store expansion. Antique retains a buy rating on Bharti Airtel, projecting steady earnings with a potential tariff hike in Q1FY27.
Gold prices in India surged to unprecedented levels on Thursday, driven by ongoing tariff conflicts, disappointing US economic figures, and a weakening rupee. The yellow metal surpassed Rs 1.02 lakh/10 gm on MCX, reaching highs of Rs 1,02,700 and Rs 1,02,550 in Delhi and Hyderabad, respectively. Experts predict this upward trend will persist as gold…
RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as an NBFC in 1996, AU became the largest SFB and the first to seek universal status under RBI’s new framework.
Indian Continent Investment, a promoter group entity of Bharti Airtel, is set to sell a 0.8% stake in the telecom giant for approximately Rs 9,310 crore through block deals. The deal, managed by Jefferies and JP Morgan, involves offloading up to 5 crore shares at a discounted price.
Fitch Ratings estimates the US effective tariff rate at 17% after recent reciprocal tariff announcements. Indian goods faced a 20.8% rate before August 27, including exemptions. While the US average tariff was 3.3% in 2024, additional duties, especially on countries like India and Brazil, significantly increase the overall tariff burden.
