Market & Investments
The stock market experienced a rebound after a slump, with the Sensex and Nifty showing gains. Investors, however, saw losses of Rs 9.69 lakh crore. Groww
received Sebi nod for its IPO, targeting USD 1 billion. Adani Power is initiating a 2400 MW thermal project in Bihar, demonstrating ongoing investment activity.
Tariff & Trade
US tariffs continue to be a significant talking point. There are concerns about their impact on India's growth, tyre exports, and the shrimp sector. The Finance Minister met with the Qatar Trade Minister to discuss trade strategies. Duty-free cotton imports aimed at supporting Indian exports, while GST reforms are considered to offset tariff impacts.
Policy & Reforms
The AP government approved Rs 53,922 crore in investment projects. The government is also focused on empowering women SHGs with digital payments through AP and Paytm. GST reduction is sought on fertilizer raw materials. The CCI and MeitY discussed digital markets and data protection, showing proactive efforts.
Sector Snapshots
The aviation sector is forecasting increased losses, while the India tablet market experienced a dip, with Samsung maintaining its lead. Road accidents in 2023 resulted in 1.72 lakh deaths, while seat belt-related fatalities were also reported. Tata Steel announced a bonus of Rs 303 crore for FY25, signaling positive industry developments.
Banking & Finance
The Bank of Baroda reduced loan rates. Jio Payments Bank is investing idle deposits in MFs. Jan Dhan accounts hold 56.16 Cr with Rs 2.68 lakh Cr deposits. These developments indicate continued activity in the banking sector, offering insights into financial trends.
