126% Duty Hits Solar Stocks
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🗞️ 126% Import Duty Hits Solar Firms
A steep 126% import duty has dealt a blow to solar manufacturers like Vikram Solar and Waaree Energies, impacting input costs and margins.
Rating agencies flagged near-term profitability pressures even as domestic manufacturing incentives remain intact.
💬 Expert Take — “While higher duties may protect domestic capacity, they could compress margins in the short term until local supply scales efficiently.”
🗞️ India–Sweden Strengthen AI Cooperation
India and Sweden have signed a statement of intent to deepen cooperation in AI and digital technologies.
The collaboration aims to boost joint research, innovation ecosystems, and cross-border tech partnerships.
🗞️ 28 Lakh EVs Sold Under PM E-Drive Scheme
Over 28 lakh electric vehicles have been sold under the PM E-Drive scheme, underscoring strong adoption of clean mobility.
The milestone reflects rising consumer acceptance and policy-backed EV momentum.
🗞️ India Targets $1T Bioeconomy by 2047
India aims to build a ₹90.86 lakh crore bioeconomy, positioning biotechnology at the center of its next industrial revolution.
The roadmap envisions biotech-led growth across healthcare, agriculture, and sustainable materials.
🗞️ RBI Clears SBI MF Stake Buy in Bandhan Bank
The RBI has approved SBI Mutual Fund’s proposal to acquire up to 9.99% in Bandhan Bank.
The move signals regulatory comfort and strategic alignment within the banking ecosystem.
🗞️ Duty Deferment Facility for Eligible Importers from March
Eligible manufacturers and importers will receive a duty deferment facility starting March, aimed at easing working capital pressures.
The reform is expected to streamline trade operations and improve liquidity for businesses.
🗞️ India Signs Deal to Bring UPI to Israel
India has signed an agreement to bring UPI to Israel, expanding its digital payments footprint globally.
The initiative strengthens India’s position as a digital public infrastructure exporter.
💬 Expert Take — “Global expansion of UPI enhances India’s soft power while creating new cross-border payment corridors for trade and tourism.”
🗞️ RBI’s Additional Liquidity Support to Wind Down
The RBI’s liquidity support measures are set to taper after March, according to bankers.
The move suggests improving systemic liquidity conditions and confidence in financial stability.
📊 Market Update
📉 Sensex: 82,248.61 ▼ 27.46 pts (–0.03%)
📈 Nifty 50: 25,496.55 ▲ 14.05 pts (+0.06%)
🪙 Gold (per gram): 24K ₹16,102 ▼ ₹87 | 22K ₹14,760 ▼ ₹80
🥈 Silver (per kg): ₹2,85,000