Asian shares slip, dollar firm as tariffs loom
Speaking to reporters on Air Force One, Trump said he would announce on Monday 25% tariffs on all steel and aluminium imports into the U.S., and reveal other reciprocal tariffs on Tuesday or Wednesday.
Trump’s 2nd term requires a new playbook for equity investors
What hasn’t changed is Trump’s strategy of pledging aggressive levies on trading partners and then quickly backtracking, either delaying them or canceling them completely. What has changed is basically everything else.
Banks breathe easy as RBI goes soft on provisioning, LCR rules
Bankers are relieved with Malhotra’s emphasis on a consultative approach with minimum disruption to the financial system. With the expected increase in provision costs and tighter regulations for project finance now on the back burner, lenders can focus on business growth over the next one year, bankers said.
‘Indirect’ hurdle is posing problems to overseas fund managers’ India plans
The Finance Bill’s restriction on resident Indians investing more than 5% indirectly in offshore funds is hindering global fund managers from moving to India. This 5% limit, aimed at preventing round-tripping, is difficult to track and deterring fund management activity in GIFT City.
Govt keeps eye on rate transmission
The government is meticulously watching banks to ensure the transmission of the recent RBI rate cut to borrowers, as officials warn that insufficient rate cuts would be addressed. The RBI’s quarter-percentage-point cut aims to reduce borrowing costs, but historical precedents show mixed transmission effectiveness.
Trent may be losing favour with investors
Trent shares tumbled 8.3% on Thursday after its third quarter results, but regained some of the losses on Friday, rising 3.1% to close at ₹5,440. So far this year, Trent has plunged over 23.3% while Nifty declined 0.34% in the same period.
Nifty looks strong with support at 23,400: Analysts
Index has been consolidating between 23,400 and 23,800 zones from the last four trading sessions with a hurdle near the 50-day exponential moving average, and now requires a hold of 23,333 zones with follow-up action to commence the next leg of rally towards 24,120 levels.
A bet on Ajax may mix well with India’s infra growth
Ajax Engineering plans to raise up to Rs 1,269.4 crore through an IPO. Kedaara Capital will sell its entire 6.5% stake. The company’s promoter group stake will decrease to over 82%. Ajax leads the market for self-loading concrete mixers and benefits from growing infrastructure needs in India.