India-U.S. Trade Dynamics, Tata Power Growth & AI’s Impact on Finance
Your daily dose of business news
🗞️ India Reviews Tariff Surcharges on Luxury Cars & Solar Cells
The government is considering revising tariff surcharges on luxury cars and solar cells, a move that could increase US imports. This review follows trade discussions with the US to resolve long-standing disputes.
📌 Expert Opinion: Trade analyst Anil Mehta states, "This move could ease trade tensions and make premium imports more competitive in India, benefiting both businesses and consumers."
🗞️ 🇮🇳🤝🇴🇲 India-Oman Free Trade Agreement (FTA) Talks Progress
Negotiations for a Free Trade Agreement (FTA) between India and Oman are advancing, with another round of discussions scheduled. This FTA is expected to strengthen trade ties and boost exports.
📌 Expert Opinion: Economist Ramesh Singh notes, "A trade deal with Oman will provide Indian businesses with greater access to Gulf markets, opening new opportunities in the region."
🗞️ Finance Ministry Asks Employees to Avoid AI Tools Like ChatGPT
In a new directive, the Finance Ministry has advised its employees to refrain from using AI-based tools like ChatGPT and DeepSeek due to concerns over data security and confidentiality.
Expert Opinion: Cybersecurity expert Neha Verma warns, "AI tools can pose risks if sensitive financial data is exposed to external platforms. Government agencies need strict AI governance."
🗞️Tata Power Q3 Results: Net Profit Rises 10.3% YoY
Tata Power reported a ₹1,456 crore net profit for Q3, up 10.3% YoY, driven by strong revenue growth and efficient cost management.
Expert Opinion: Energy analyst Ankit Sinha remarks, "Tata Power’s consistent performance makes it a stable long-term bet for investors, especially in the renewable energy sector."
🗞️WazirX Hack: Creditors Given Two Recovery Options
Following a $230 million hack, WazirX has proposed two ways for creditors to recover lost crypto—either accept extended repayment till 2030 or opt for a reduced upfront settlement.
Expert Opinion: Blockchain expert Vikram Rao explains, "These options reflect the harsh reality of crypto hacks, where recovery can take years. Security measures in exchanges must be strengthened."
🗞️RVNL Secures ₹404 Crore East Coast Railway Project
Rail Vikas Nigam Limited (RVNL) won a ₹404 crore contract for railway infrastructure expansion in the East Coast region, boosting its growth prospects.
Expert Opinion: Infra analyst Sumit Sharma notes, "This contract strengthens RVNL’s position in India’s railway modernization drive, offering significant revenue visibility."
🗞️Jio Financial Services Gains Over 3% on Technical Rebound
Jio Financial Services' stock jumped 3%, with analysts predicting a potential 25% upside based on technical indicators.
Expert Opinion: Market expert Rohan Mehta says, "A technical breakout could lead to further gains, but investors should monitor fundamentals too. Long-term growth prospects remain promising."
🗞️Will Asian Paints Shares Fall to ₹2,000? Brokerages Weigh In
Asian Paints' stock is under pressure amid rising competition and cost challenges. Some analysts predict a further decline, with price targets nearing ₹2,000.
Expert Opinion: Market strategist Rahul Kapoor says, "Investors should closely track cost inflation and market share trends before making decisions. Competition from new players could impact long-term growth."
📊 Market Updates: Key Indices & Commodity Rates
Sensex: +312.5 pts 📈 (Closed at 72,645)
Nifty 50: +84.3 pts 📈 (Closed at 21,892)
Rupee: ₹82.64/$ (Slight depreciation)
Gold: ₹63,700/10gm 🟰 (Flat movement)
Crude Oil: $76.40/barrel 📉 (-1.2%)
Top Gainers: Jio Financial, Tata Power, HDFC Bank
Top Losers: Asian Paints, Wipro, Infosys