📢 What’s Hot: Wipro, CPI & FPI
Your daily dose of business news
🗞️ Infrastructure Projects to See Domestic Refinancing
With foreign loans becoming costlier, India plans to refinance infrastructure debts domestically. This move aims to reduce reliance on expensive external borrowings and support key projects across various states.
📌 Expert Opinion: "Domestic refinancing of infrastructure projects is a strategic move to mitigate the risks associated with volatile foreign exchange rates and rising global interest rates," notes Rajiv Malhotra, Infrastructure Finance Analyst at Global Finance Insights.
🗞️ Wipro Q4 Preview: Muted Growth Expected
Wipro is set to announce its Q4 FY25 results on April 16. Analysts anticipate subdued revenue growth due to ongoing sectoral weaknesses. Key factors to watch include deal wins, margin trends, and outlook for FY26.
🗞️ Senior Citizens & NSS Withdrawals: Tax Implications
Clarification on the National Savings Scheme (NSS) indicates that senior citizens are not exempt from taxes on withdrawals. Taxation applies based on the interest accrued, and it's essential for investors to understand the implications.
🗞️ March CPI Inflation Drops to 3.34%
India's retail inflation, measured by the Consumer Price Index (CPI), eased to 3.34% in March, down from 3.61% in February. The decline is attributed to lower food prices, marking the lowest inflation rate since August 2019.
📌 Expert Opinion: "The significant drop in food prices has been the primary driver behind the easing inflation. This trend, if sustained, could provide the Reserve Bank of India with more flexibility in its monetary policy decisions," says Anita Deshmukh, Senior Economist at India Economic Forum.
🗞️ Google India Executives Asked to Furnish 50% of FEMA Penalties
The Enforcement Directorate has directed Google India's executives to provide 50% of the alleged FEMA penalties as a bank guarantee. This pertains to past transactions involving payments to Google Ireland and equipment purchases from Google US.
🗞️ RBI Maintains Status Quo on Countercyclical Capital Buffer
The Reserve Bank of India has decided against activating the countercyclical capital buffer (CCyB), citing current economic conditions that don't warrant such a measure. The CCyB framework remains in place for future assessments.
🗞️ I-T Department Scrutinizes Mauritius FPIs
Indian tax authorities are examining foreign portfolio investors (FPIs) from Mauritius for potential treaty abuse. The focus is on verifying the 'substance' of these entities to ensure compliance with tax regulations.
🗞️ Harvard Faces $2.3 Billion Funding Freeze
The Trump administration has frozen approximately $2.3 billion in federal funding to Harvard University. The action follows Harvard's refusal to comply with certain federal demands, including changes to its diversity and inclusion programs.
📊 Market Updates
📈 Sensex: 76,734.89 ▲ +1,577.63 pts
📈 Nifty 50: 23,045.60 ▲ +517.05 pts
💱 USD/INR: 85.96
🥇 Gold: ₹93,736 per 10g
🥈 Silver: ₹95,500 per kg
🛢️ Brent Crude: $64.66/barrel