Ankishinde

Tata Motors Ltd.’s commercial vehicle despatches in March rose to the highest level since March 2023, but the year-on-year growth rate slowed to the lowest in the last five months, according to a notice by the company to the stock exchanges Wednesday.
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.In March, the monthly double-digit YoY sales

India's goods and services tax collections, excluding cess, grew 8.8% on year to INR 2.001 trillion in March, government data released Wednesday showed. Including cess, the GST mop-up rose 2.1% on year to INR 2.002 trillion. The government's total GST collections for 2025-26 (Apr-Mar), excluding cess, were 22.271 trillion, up 8.3%.
Including cess, the government's total GST collections in FY26 were INR 23.258 trillion, up 5.6%. As per the revised Budget estimates, the government's GST collections in FY26 were projected to grow 5.4% on year. "India's GST collections in FY26 provide a strong f

Fitch Solutions company BMI has forecast global gold prices to fall and average $4,600 per ounce in 2026. It also expects prices to remain under pressure as the year progresses due to inflation concerns from higher oil prices on the back of the US-Iran war, fuelling a hawkish pivot in the US Federal Reserve's rate policy.
Gold has been on a strong rally since 2024, with the highest level on record reached on Jan. 29 at $5,645.6 per ounce, driven by geopolitical conflicts and renewed questions on the US Fed's independence, it said in a report. However, after the war in Iran broke out on Feb.

The Reserve Bank of India's move Friday to tighten control over banks' foreign exchange positions will help to curb the build-up of speculative bets against the rupee, analysts and traders said. However, the RBI's focus on this short-term gain comes at the cost of stepping back from its aim of gradual capital account convertability of the rupee, they said.

The central bank, post market hours Friday, mandated banks to ensure that their net open rupee positions in the onshore deliverable foreign exchange market should not exceed $100 ‌million at the end of each business day, latest by Apr. 1

Goldman Sachs has downgraded Indian equities to 'market weight' from 'overweight' earlier, and trimmed its 12-month target for the Nifty 50 to 25900 points from the previous target of 29300 points. The earnings forecast for 2026 has been lowered to 8% from 16?rlier, and that for 2027 has been cut to 13% from 14%. Slower growth, and depreciation of the Indian rupee as a result of high crude oil prices will weigh on the Indian equity market, Goldman Sachs said in a research report.

Goldman Sachs said that the risk-reward ratio for the Indian market is lesser compared to North Asian markets a

Analysts expect high costs to hit the earnings growth of companies in the March quarter, an otherwise better quarter that saw improvement in revenue growth. The US-Iran conflict pushed gas prices higher and interrupted the supply of key raw materials, which is likely to have resulted in higher costs for companies, brokerages said.
The 49 constituents of the Nifty 50 index for which estimates were available are likely to report a cumulative net profit growth of just over 3% for the March quarter over the same quarter last year, according to an Informist poll of 16 brokerages. The latest quart

Asian Development Bank has projected India's GDP to grow 6.9% in the current financial year, 40 basis points higher than estimated earlier but slower than the 7.6% growth in FY26. The multilateral bank expects the war in West Asia and high energy prices to weigh on India's economic activity and exports and push inflation higher in the near term.Growth is seen moderating this year mainly because of heightened global uncertainty caused by the war in West Asia, higher energy prices, and volatile trade and financial conditions, ADB said in its Asian Development Outlook for April. Growth is expect

The Reserve Bank of India Wednesday projected India's GDP growth in 2026–27 (Apr-Mar) at 6.9%. The central bank also cut its growth estimates for the June quarter to 6.8% from 6.9% and that for the September quarter to 6.7% from 7%.
The RBI projected growth of 7% for the December quarter and 7.2% for the March quarter. But risks to the baseline projection are tilted to the downside with uncertainty remaining elevated due to the West Asia conflict, RBI Governor Sanjay Malhotra said, while giving the projections. "Further escalation and wider spread of the conflict, heightened volatility in gl

The Reserve Bank of India's Monetary Policy Committee Wednesday left the policy repo rate unchanged at 5.25% in a unanimous decision, Sanjay Malhotra, the central bank's governor, said. Malhotra said the war in West Asia poses risks to India's economy even as the fundamentals remain strong. The committee also retained its 'neutral' policy stance.
The rate-setting panel's decision was on expected lines. Most economists and market participants polled by Informist had expected the committee to hold the key interest rate and stance. The committee has lowered the repo rate by 125 bps in 2025, the

The Central Bank Digital Currency is the future of payments, but there is a right time to launch it, Reserve Bank of India Deputy Governor T. Rabi Sankar said Wednesday. The right time to launch the Central Bank Digital Currency depends on other countries being "ready" for it, as the biggest advantage of this currency is in cross-border transactions, Sankar said at a post-policy press conference. The RBI is in no hurry to launch the digital currency, he said.

So, if you quickly launch it and the other countries have not launched it, that is not the situation we want to be in," Sankar said.

The Reserve Bank of India will remain proactive and pre-emptive in managing liquidity conditions to ensure the financial system has adequate funds to support the needs of the economy, Governor Sanjay Malhotra said after the Monetary Policy Committee’s meeting on Mon-Wed.Liquidity in the banking system has remained comfortable, with an average daily surplus of about INR 2.3 trillion since the last monetary policy meeting on Feb. 6, Malhotra said. The RBI, he said, would ensure sufficient liquidity is available to meet the productive requirements of the economy, indicating continued support for

The Reserve Bank of India’s recent restrictions on foreign exchange trades involving the rupee have created favourable condition for foreign portfolio investors to exit their holdings of Indian government bonds, dealers said. FPIs have taken the opportunity to sell gilts under the fully accessible route at the fastest pace on record.
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route

The Supreme Court Monday ordered the Central Bureau of Investigation to initiate within two weeks a preliminary enquiry into award of public work contracts worth INR 12.70 billion in Arunachal Pradesh to firms owned by the family members of Chief Minister Pema Khandu. Preliminary enquiry and consequential investigation, if any, shall cover execution of public works, contracts, and work orders within the period from 2015 to 2025, said the bench of Justice Vikram Nath and Justice Sandeep Mehta.
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an

FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, Monday said its consolidated net revenue growth on year for the March quarter is expected to be in the late twenties, which would be the highest growth in the past 12 quarters. "This strong performance came on the back of acceleration in fashion vertical along with sustained strong performance of beauty vertical," the company said in an exchange filing.
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti

Prices of wheat and rice were unchanged and prices of maize were unavailable in key spot markets across the country, traders said. Wheat prices are steady and likely to remain so in the near term amid some need-based demand and the government's procurement, they said. Rice prices are unchanged on limited domestic demand amid tight supplies, they said. Maize prices were unavailable as some markets were shut for Akshaya Tritiya, they said.
WHEAT prices in Kota, Rajasthan, were unchanged at INR 2,325-INR 2,370 per 100 kg, said Ravi Mehta, a local trader. Arrivals fell by 40,000 bags to 80,000

UTI Asset Management Co. Ltd.'s net profit for the quarter ended March is expected to decline due to fall in market share and low treasury income, according to brokerages tracking the company. Higher costs are also expected to eat into its profitability, brokerages said.
The asset management company is expected to post a net profit of INR 991.63 million for the quarter, down 20% on year, according to the average of estimates from eight brokerages. Sequentially, the company's net profit is likely to fall 57%. The asset manager will detail its financial results for the quarter and year ended M

Prices of chana are expected to remain range-bound, while prices of tur and urad could stay under pressure in the near term, the India Pulses and Grains Association said in its weekly report Monday. Chana prices could be range-bound amid low demand, ongoing arrivals and imports, and the government's procurement, the association said. Tur and urad prices are seen down due to slowdown in seasonal demand and ample availability, it said.
Chana prices are expected to remain range-bound in the near term amid low demand, ample supply, and the government's ongoing procurement, the association said.

India will upgrade its trade agreement with South Korea within a year, seeking to boost bilateral trade to $50 billion by 2030, Prime Minister Narendra Modi said Monday.
Addressing a joint press briefing with visiting South Korean President Lee Jae Myung, Modi said the two countries have taken “important decisions” to boost bilateral trade. “In order to ease financial flows, we have decided to form India Korea Financial Forum. To hike business cooperation, we have formed an industrial cooperation committee,” Modi said.

The Indian government is working to ensure the country gets preferential market access in the US under the Bilateral Trade Agreement, Commerce Minister Piyush Goyal said Monday. Both sides have almost finalised the trade agreement, Goyal said. "We are now just dotting the i's and crossing t's," Goyal told members of the press.
Goyal's comments come at a time when an Indian delegation led by India's chief negotiator Darpan Jain is in Washington to hold talks. The three-day talks end on Wednesday. This is the first meeting between officials from both sides since the US Supreme Court scrapped t

India and South Korea have agreed to review the free trade agreement, with New Delhi keen on rewriting some chapters of the pact, Commerce and Industry Minister Piyush Goyal said Monday. The two sides agreed to review the FTA during South Korean President Lee Jae Myung's visit to New Delhi.

The existing FTA, implemented in 2010, is not beneficial for India, Goyal said, adding that India's trade deficit with South Korea tripled after the FTA was signed. India is willing to renegotiate and rewrite chapters under the agreement, Goyal said.