Experts Financial News

Telangana Public Service Commission (TSPC) will announce the TSPSC Group 1 recruitment exam results on Monday. The results of the Hostel Welfare Officer and Extension Officer exams, along with Group 1, Group 2, and Group 3 exams, will be released today. The evaluation of the Group 1 Mains question is done and legal proceedings related to the exam have been resolved. According to the last

Tata Steel, JSW Steel and Hindalco rallied up to 2% on the BSE today after the global brokerage firm Jefferies stated that it maintains a constructive view on the Indian metals sector, naming the mentioned stocks as their top picks. Tata Steel has received a ‘Buy’ rating, with Jefferies raising its target price to Rs 180 from Rs 165. Meanwhile, JSW Steel has been assigned a ‘Hold’ rating, with an upward revision of its target price to Rs 920 from Rs 850. Hindalco also remains a favored pick with a ‘Buy’ rating and a target price of Rs 800.

IndusInd Bank shares slumped over 5% on Monday as analysts flagged concerns over strategic uncertainty after the Reserve Bank of India (RBI) granted CEO Sumant Kathpalia only a one-year extension instead of the three-year term sought by the bank’s board. Brokerages reacted with a mix of target price downgrades and cautionary outlooks, citing leadership instability, asset quality concerns, and regulatory scrutiny. This is the second consecutive time the RBI has approved a shorter tenure for Kathpalia than what was proposed by the board. The private lender’s stock has lost 42.45% over the past year, 8.41% in the last three months, and 9.11% in the last week alone.

The report highlighted that IT companies integrating AI into their operations and services are more likely to achieve higher productivity, faster growth, and access to larger transformation deals as businesses increase their AI investments. It said «The consensus among IT industry leaders is clear — AI is not optional, it's an imperative».

Bharat Electronics Ltd (BEL) grabbed investor attention on Friday, rising 2.3% to an intraday high of Rs 283.45 on the BSE ahead of its record date for determining the shareholder eligibility for an interim dividend of Rs 1.5 per share. The record date and the ex-date for this purpose is March 11.

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Monday after the company announced that the Reserve Bank of India (RBI) has not approved its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. IREDA stated that it plans to resubmit the proposal. The company had earlier received in-principle approval from its board on 16 July 2024 to invest up to 10% equity in GMR Upper Karnali Hydro Power Limited, Nepal, and Karnali Transmission Company Pvt. Ltd., Nepal, in partnership with SJVN. The total investment was estimated at around Rs 290 crore, subject to approvals from the Government of India and other regulatory authorities. Existing shareholders of GMR Upper Karnali Hydro Power Limited include GMR and the Nepal Electricity Authority.

Tata Power shares will be in focus on Monday after its subsidiary, Tata Power Renewable Energy Ltd (TPREL), signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth Rs 49,000 crore ($5.6 billion). This marks one of the largest renewable energy investments in the state, the company said in an exchange filing. TPREL has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities to build up to 7,000 MW including solar, wind and hybrid projects with or without storage solutions.

The tariffs, effective from March 20, include a 100% levy on more than $1 billion worth of Canadian rapeseed oil, oil cakes and peas, as well as a 25% duty on $1.6 billion worth of Canadian aquatic products and pork. The levies, which mirror the 100% and 25% tariffs Canada imposed on Chinese-made electric vehicles and steel last year, triggered a rally on the Zhengzhou commodity exchange.

Taiwan's Ministry of National Defence (MND) reported 11 sorties of People's Liberation Army (PLA) aircraft and nine People's Liberation Army Navy (PLAN) vessels until 6 am (local time) on Monday. According to the MND, nine out of 11 sorties crossed the median line and entered Taiwan's northern and southwestern ADIZ. In a post on X, Taiwan's MND stated, «11 sorties of PLA aircraft and 9 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 9 out of 11 sorties crossed the median line and entered Taiwan's northern and southwestern ADIZ. We have monitored the situation and responded accordingly.»

Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%. "High yield bonds are at 7%, other strategies are at 7%, maybe as high as 8%, private credit at 9-11%," he noted, reinforcing the case for fixed income as an alternative to equities.

Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed. In an interaction with ETNow, he highlighted the significance of 22,750 as a pivotal level that needs to be breached for a stronger uptrend. «There is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery,» he stated.

The first phase of the truce ended on March 1 with no agreement on subsequent stages that could secure a permanent end to the war, but both sides have since refrained from resuming full-scale fighting. There are still significant differences over the terms of a potential second phase of the truce, which has largely halted the violence that raged since Hamas's October 7, 2023 attack on Israel.

Subscribe to enjoy similar stories. This newspaper stock after undergoing lot of volatility and the Q3 results were found stable and the inability of the bears to drag it lower in this uncertain market speaks well for a strong rounding pattern breakout as buying momentum got built. After biding some time and absorbing the volatility we can look at the prices looking to extend next week.

State Bank of India, ICICI Bank and Axis Bank are facing challenges in servicing about 38,000 ATMs, many of which are running out of cash, people in the know said. SBI is the most affected, with nearly 14,000 ATMs becoming unserviceable, people in the know said. While 7,000-8,000 of those are managed by AGS Transact, there remaining are where the company provides cash replenishment services. ICICI Bank, one of the earliest banks to start withdrawing its ATMs from the AGS Transact network after facing service issues, is close to taking control of its ATMs. The private sector bank has moved out a majority of its ATMs to other ATM service providers like CMS Infosystems and Hitachi India. People aware of the issue said the lender had raised poor service issues with the AGS Transact board in December itself.

Waqf Amendment Bill passed, and the Opposition looking to raise the issue of US planning to impose reciprocal tariffs on India, and the political slugfest over language and the delimitation issues. The Finance Bill and Demands for Grants are the crucial items on the legislative agenda — approval for both is mandatory for completing the budgetary process. The discussion on the demand for grants for several ministries would be held in both houses of Parliament. President's Rule in Manipur

Luxon, who will also be the chief guest at this year's Raisina Dialogue, will seek to beef up security and trade ties during his four-day visit, according to persons familiar with the development. The visit comes amid alarms in Wellington over the Chinese military's growing presence and engagement with the Pacific Island states.

La Nina may not be sufficient to offset the rising temperatures in a warmer future. As India grapples with unusually high temperatures, the India Meteorological Department (IMD) has predicted an early and intense summer this year, with prolonged heatwaves. The country recently saw its warmest February since 1901, along with one of the driest winters in recent history, which has raised concerns about the ongoing climate crisis. Human-caused climate change is leading to a «new normal» of warmer winters and shorter springs. However, scientists emphasize that annual weather patterns, known as «year-to-year variability,» still play a crucial role in influencing seasonal conditions.

The action is a response to orders from President Donald Trump, who has directed agency managers to move ahead with the staffing cuts. Reports have it that almost 1,000 more NOAA staff will be fired, on top of the 1,300 already terminated.

«The aircraft is grounded and will be back in operations post necessary repairs and clearance,» the statement said. «At IndiGo, the safety of our customers, crew, and aircraft is our top priority. We operate with the highest standards of safety. We regret any inconvenience caused to our customers due to subsequent cancellations due to this grounding,» the statement added.

Speaking to CNN, Adam Boehler — a Jewish American — acknowledged it had been «odd» sitting face-to-face with leaders of a group that the United States has listed as a «terrorist» organization since 1997. The talks took place in recent weeks. Boehler said he understood Israel's «consternation» that the US had held talks at all with the group, but said he had been seeking to jump-start the «fragile» negotiations.

«If the third child is a boy, we will give a cow and a calf. Will make a fixed deposit of Rs 50,000 if the third child is a baby girl. The Indian population has to rise,» Appala Naidu told PTI on Sunday. The parliamentarian said he was inspired by the calls given by Chief Minister N Chandrababu Naidu and Prime Minister Narendra Modi to raise India's population.