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Bloomberg Quint
2w
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Rupee Appreciates As Dollar Wavers On Trump Tariff Impact
- The Indian rupee appreciated by 46 paise against the US dollar on Friday as fears over the damage due to US President Donald Trump's tariff policy bruised the US currency.
- A decline in oil prices also lent support.
- The USDINR pair is expected to move downwards, with 84.90-85.00 acting as a strong support, while 85.60 will act as a strong resistance, according to Amit Pabari, managing director at CR Forex Advisors.
- The dollar weakened against major currencies amid fears of inflation and recession hitting the world's largest economy due to Trump tariffs.
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Bloomberg Quint
2w
235
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Rupee Ends Stronger As Dollar Wavers, Oil Prices Cool
- The Indian rupee appreciated by 21 paise on Friday as lower oil prices and fears over the damage due to President Donald Trump's tariff policy to the US economy pressured the dollar.
- The local unit closed at 85.23 against the greenback. The rupee witnessed its biggest intraday gain against the dollar since March 24.
- For the truncated week, the rupee strengthened by 23 paise or 0.27%.
- Lower crude prices bodes well for the rupee as India is a large importer.
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Bloomberg Quint
2w
136
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'Easy To Criticise' — Zepto Chief On Piyush Goyal's Dig At Quick Commerce
- Zepto CEO Aadit Palicha responded to Piyush Goyal's remarks at Startup Mahakumbh 2025, criticizing the unavailability of strong internet companies in India.
- Palicha pointed out that India lags in technological revolutions due to the absence of large-scale foundational AI models.
- He emphasized the need to build great local internet champions to drive innovation and long-term technological growth.
- Former Infosys CFO Mohandas Pai also questioned the availability of capital for small deep tech startups in India, supporting them against Goyal's remarks.
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Bloomberg Quint
2w
387
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Trump Open To Tariff Cuts In Return For ‘Phenomenal’ Offers
- US President Donald Trump is open to reducing tariffs if other nations offer something 'phenomenal'.
- Trump defended his tariff program despite stock market meltdown and economic turbulence.
- He reiterated willingness to offer tariff relief for China if Beijing approves the sale of TikTok's US operations.
- Trump spent the day in conversations with foreign governments and business leaders seeking tariff relief.
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Bloomberg Quint
2w
411
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SBI Gets UBS Upgrade, Target Price Hike On Multiple Positive Triggers
- State Bank of India (SBI) stock receives rating upgrade and price target hike by UBS
- UBS expects improved liquidity, income tax rebates, and 8th pay commission recommendations to boost SBI's loan and deposit growth
- SBI's cost of deposits expected to decrease slightly due to surplus liquidity
- SBI's loan growth estimates raised, credit cost estimate reduced by UBS
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Bloomberg Quint
2w
18
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HDFC Bank Margin Outlook In Focus As Analysts Diverge On Deposit Trends
- Macquarie and Morgan Stanley maintain positive stances on HDFC Bank ahead of Q4 results.
- Macquarie flagged deposit growth as a key concern in its pre-quarter update.
- HDFC Bank reported deposit growth of Rs 1.50 lakh crore, outperforming system-wide deposit growth of approximately 10%.
- Morgan Stanley views deposit growth more favorably and expects investor focus to shift towards margin performance in the upcoming results.
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Bloomberg Quint
2w
144
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Bank Of Baroda Upgraded To 'Buy' By UBS On Stable Metrics, Inexpensive Valuations
- UBS upgrades Bank of Baroda to 'buy' rating based on stable metrics and attractive valuations.
- Bank's loan growth outlook is improving and corporate asset quality remains stable, making it a favourable investment opportunity.
- UBS raises the target price on Bank of Baroda stock to Rs 290 from Rs 270.
- Improving growth and earnings outlook present a favourable risk-reward scenario, according to UBS.
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Bloomberg Quint
2w
95
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Stock Recommendations Today: Tata Motors, SBI, Vodafone Idea On Brokerages' Radar
- Top companies like Tata Motors, SBI, and Vodafone Idea are under brokerages' focus for stock recommendations.
- JPMorgan is cautious about Indian IT, suggesting potential buying opportunities in tier 1 names earlier and being cautious on midcaps amid a weak outlook for financial year 2026.
- BofA prefers domestic rate-sensitive sectors like financials and autos over global cyclicals, maintaining a cautious stance due to additional market risks.
- Jefferies anticipates no major adverse impact from reciprocal tariff announcements on sectors like IT services, pharma, and autos, hinting towards opportunities in pharma despite the weakening US economic outlook.
- Brokerages give insights on various companies like HDFC Bank, Tata Motors, Vodafone Idea, and Bajaj Finance, providing ratings, target prices, and growth expectations.
- UBS upgrades SBI to 'neutral', lowers the target price for Tata Motors, and predicts a challenging year for IndusInd Bank.
- Macquarie maintains 'underperform' ratings for companies like Vodafone Idea and Avenue Supermarts, highlighting concerns around the businesses' performance and competition.
- HSBC initiates coverage on Ventive Hospitality with a 'buy' rating, emphasizing its recent recovery and strengths in balance sheet and cash flows.
- Morgan Stanley provides ratings and target prices for companies like RBL Bank, Aditya Birla Fashion, and L&T Finance, reflecting on market share, growth prospects, and strategic shifts.
- Overall, the article covers a range of stock recommendations and insights from various brokerages on key companies and sectors, providing a comprehensive view of the current market trends and recommendations.
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Bloomberg Quint
2w
104
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FY26 Personal Finance Calendar: Key Dates And Deadlines To Follow
- In FY26, key dates and deadlines for personal finance include evaluating tax plans and insurance, comparing tax regimes, and consulting financial advisors for tax-friendly investments.
- During April 2025, review budget, set objectives, update insurance plans, compare tax regimes, plan investments, and consider drafting a will.
- For May 2025, gather tax documents early and obtain Form 16 for a smooth tax filing process.
- June 2025 involves paying the first advance tax installment and considering prepaying EMIs if you receive a bonus.
- By July 2025, submit ITRs to avoid fines for delays, especially for retail investors and exempt salaried individuals.
- In August 2025, commit to financial independence by ensuring sufficient investments, emergency funds, and reducing debt.
- September 2025 includes paying 45% of projected tax liability, adjusting investments, and starting festival budget planning.
- October 2025 advises being responsible during holidays, decluttering finances, avoiding unnecessary purchases, and focusing on savings.
- November 2025 suggests teaching children financial responsibility on Children's Day and emphasizing prudent spending habits.
- In December 2025, pay 75% of estimated tax liability, file any amended ITRs by the deadline, and plan for achievable financial goals in January 2026.
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Bloomberg Quint
2w
283
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Gold Price Above Rs 89,300 — Check Prices In Mumbai, Bengaluru, Delhi, Chennai, And More
- Gold prices in India remained stable at Rs 89,350 per 10 grams as of April 4.
- Chennai had the highest gold rate in the country at Rs 89,450 per 10 grams.
- Gold prices in Delhi, Mumbai, Kolkata, and Bengaluru varied, with rates ranging from Rs 89,040 to Rs 89,260 per 10 grams.
- The rise in gold prices is attributed to increased tensions in the Middle East and concerns about the US economic slowdown.
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Bloomberg Quint
2w
8
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Stocks To Buy Today: Asian Paints, Union Bank, Tata Steel, Among Others
- Asian Paints, JK Tyre, Union Bank, Tata Steel, and ITC are among stocks with 'buy' calls from analysts on Friday.
- Vinay Rajani recommends buying Asian Paints at Rs 2,347, with a target price of Rs 2,450 and a stop-loss at Rs 2,300.
- Rajani also suggests buying JK Tyre at Rs 293.7 per share, targeting Rs 303, with a stop-loss at Rs 288.
- Aamar Deo Singh recommends buying Tata Steel at Rs 152, with a target price of Rs 163 and a stop-loss at Rs 141.
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Bloomberg Quint
2w
274
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TS Inter Results 2025 Date To Be Announced Soon: Check Steps To Download Scorecard
- The Telangana State Board of Intermediate Education (TSBIE) is likely to release the TS Intermediate Result 2025 for both 1st and 2nd-year exams soon.
- The results are likely to be out in the second half of April and can be checked online on the board’s official websites.
- To pass, a student needs to score at least 35% marks in each subject and the board follows a grading system.
- Around 10 lakh students registered for this year’s exams, which were held in March, and the pass percentage for the TS Inter first and second-year examinations in 2024 was 60.01% and 64.19% respectively.
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Bloomberg Quint
2w
261
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Asia Bears Brunt Of Trump Tariffs, Needs To Ease, Economists Say
- The Trump administration’s tariffs come at a time when Asian economies are already grappling with tepid growth, with sticky inflation keeping some central banks on high alert.
- Asia is bearing the brunt of new US tariffs which will drag on regional growth through weaker business investment and sentiment, requiring central banks to step in with more interest-rate cuts.
- Economists at Goldman Sachs Group Inc. have cut growth forecasts for Asia and predict an easier monetary policy stance in India, South Korea, and several Southeast Asian economies.
- Money markets are now pricing four more rate cuts this year by Australia’s central bank, up from three previously, which would take its cash rate to 3.1%.
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Bloomberg Quint
2w
61
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Stock Market Live: GIFT Nifty Near 23,200; Bajaj Finance, HDFC Bank, Mazagon Dock Share Prices In Focus
- GIFT Nifty was slightly lower, indicating a low open for Nifty 50 and Sensex.
- Share prices of Bajaj Finance, HDFC Bank, Mazagon Dock Shipbuilders, and Vedanta may be in focus.
- Stay updated with live stock market updates on Indian share markets.
- Watch live TV and get the latest news on NDTV Profit.
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Bloomberg Quint
2w
13
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UCO Bank Q4 Update: Business Grows 14%, Loan-Book Expands 20%
- UCO Bank reported healthy business growth of 14% on a yearly basis in the January-March period of financial year 2025, driven by expansion in the domestic loan book.
- Domestic advances of the state-owned lender jumped 20.37% to Rs 1.95 lakh crore.
- The current-account savings-account ratio stood at 37.9% at the end of March.
- The credit-deposit ratio fell marginally to 75.01% from 71.02% a year earlier.
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