Several digital lenders and microfinance companies have approached the Reserve Bank of India to introduce a formula for calculating interest rates on small-ticket loans. They argue that a regulatory formula would ensure fair pricing, prevent business disruptions, and reduce the risk of regulatory actions. The industry seeks clarity and a framework modelled after practices in other countries.

Havells India s diversified business approach is expected to help mitigate the impact of UltraTech Cement s entry into the cables market. Only a third of Havells revenue comes from wires and cables, compared to 85-95% for its peers. Havells is also ramping up production capacity and anticipates earnings growth by 28% between FY24 and FY27.

The Reserve Bank of India (RBI) holds a record $77.5 billion in net short dollar positions, which may need to be rolled over to avoid affecting rupee liquidity. Managing the maturity of these positions is crucial as any unwinding could impact foreign exchange reserves, currently at $640 billion, and the credibility of the spot reserve number.

The 25% tariffs imposed on Canada and Mexico took effect Tuesday along with fresh levies on Chinese imports. In his address to the US Congress, President Donald Trump said that reciprocal tariffs will take effect from April 2 on countries like India, South Korea, the EU, China and others.

After a decline of 15% since October 1, Nifty gained 1.15% on Wednesday. The Nifty Midcap 150 and Nifty Smallcap 250 indices gained 2.43% and 2.71% respectively on Wednesday. Both indices plunged 20% and 25%, respectively, since October 1 through Tuesday.

The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday every week.

Singapore Government s SWF is largest FPI in India, with around $28 billion deployed in Indian public markets alone as on December end according to Prime Database which tracked investments in listed companies of over one percent.

​​The stake has been acquired by Envestcom Holding RSC. Envestcom holds stakes in other Adani companies such as Adani Energy Solutions and Adani Total Gas. As of December 2024, Envestcom Holding held 55,200,000 shares in Adani Energy Solutions, representing a 4.60% stake and 54,593,600 shares in Adani Total Gas, representing a 4.964% in the company.

Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery.

Likely intervention by the Reserve Bank of India (RBI) also helped the currency gain Wednesday, traders said, as the equity indices snapped a 10-day losing streak to log the biggest gains in a month.