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Wednesday, 14-May-2025

April respite: Retail inflation slides to 3.16%

business standard

14-May-2025

Sharp drop in prices of vegetables and pulses cools food inflation to 42 month low

Goyal to steer fresh trade talks in US

business standard

14-May-2025

Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 17

At the WTO, India warns US of retaliation over tariffs on metals

The Hindu Business Line

14-May-2025

In a WTO notification, India has warned the US that it may take retaliatory action against the sweeping 25 per cent import duties on steel and aluminium imposed by the Donald trupm regime on March 12.

₹ gives up early gains as traders unwind positions

business standard

14-May-2025

The rupee gave up early gains as traders unwound their long positionss against the Indian currency

Hero MotoCorp sees strong Q4 growth on premiumisation, efficiency

The Hindu Business Line

14-May-2025

Hero MotoCorp, India’s largest twowheeler manufacturer, reported a 24 per cent yearonyear (yoy) growth in consolidated net profit to ₹1,169 crore for the fourth quarter (Q4) ending March 31, driven by a favourable product mix, increased parts revenue, and cost efficiencies. In the corresponding quarter of the previous year, the company’s net profit stood at ₹943.46 crore. Consolidated revenue from operations also saw a 4 per cent yoy increase to ₹9,970 crore during the quarter under review, compared to around ₹9,617 crore inQ4 FY24.

Tata Motors’ Q4 net profit more than halves to ₹8,470 cr

The Hindu Business Line

14-May-2025

Tata Motors reported a 51.34 per cent decline in its consolidated net profit at ₹8,470 crore in Q4 compared to the yearago quarter, which had a significant deferred tax benefit. The company’s bottomline was hit by exceptional items of ₹566 crore comprising provision for employee pension scheme, employee separation cost, past service cost, acquisition/demerger expenses, impairment of property, plant and equipment and provision for intangible assets under development. Volumes of both passenger vehicles and commercial vehicles were down on year, affecting revenue from operations which was flat at ₹1,19,503 crore in Q4, while EBITDA margin fell 60 bps to 14 per cent. On a consolidated basis the company turned net auto cash positive in FY25 with a net cash balance of ₹1,000 crore.

‘Steel prices to go up by Rs3,000/t in Q1FY26’

The Hindu Business Line

14-May-2025

Tata Steel has managed to wade through the swamp of global uncertainty and domestic slowdown by cutting costs and improving efficiency. The company sees limited impact due to the unrest in the border. TV Narendran, MD, and Koushik Chatterjee, Executive Director and Chief Financial Officer, Tata Steel, share their outlook on the sector.

Trade talks: Commerce Minister to meet USTR next week

The Hindu Business Line

14-May-2025

Commerce and Industry Minister Piyush Goyal will meet US Trade Representative (USTR) Jamieson Greer and US Commerce Secretary Howard Lutnick in Washington DC next week to expedite the IndiaUS bilateral trade agreement (BTA) discussions, sources said.

With MSME sector facing ₹30 lakh crore credit gap, alternative finance gathers pace

The Hindu Business Line

14-May-2025

Despite a steady increase in credit supply, themicro, small and medium enterprises (MSME) sector continues to face a significant credit gap, estimated at approximately ₹30 lakh crore, according to a report by the Small Industries Development Bank of India (SIDBI). While traditional lenders struggle to bridge this gap due to challenges, such as information asymmetry and lack of collateral, alternative finance is gaining traction.

Tata Steel sees no JSW-like issue in Bhushan Steel buy

The Hindu Business Line

14-May-2025

The Insolvency and Bankruptcy Code does not need a major overhaul in the light of the Supreme Court verdict turning down JSW Steel’s takeover of Bhushan Power and Steel, according to a top executive of Tata Steel.

Landmark trade deal

The Hindu Business Line

14-May-2025

The IndiaUK Free Trade Agreement (FTA) marks a major milestone in the evolving economic relationship between two of the world’s leading democracies. The journey towards this landmark deal (the terms of which have been agreed upon with only the formal signing remaining) began in May 2021, when Prime Ministers Narendra Modi and Boris Johnson launched the “Enhanced Trade Partnership,” with the goal of doubling bilateral trade by 2030.

Rupee slips but outlook not bearish yet

The Hindu Business Line

14-May-2025

The rupee depreciated by nearly 1.1 per cent against the dollar over the last week and closed at 85.34 on Tuesday. While the local currency initially dropped on the back of India’s Operation Sindoor, which triggered some selloff, recent news of the US and China agreeing to slash reciprocal tariffs pushed the dollar higher, weighing on the rupee.

Copper: Go long if it breaks out of Rs872

The Hindu Business Line

14-May-2025

Copper futures are struggling to find direction. They are currently trading at around ₹856/kg. Barring a temporary dip below ₹835 on April 30 and May 1, the chart shows that copper futures has largely been trading within ₹835 and ₹862 over the last one month.