NDTV Profit Pulse On April 23: Top 8 Stories At 8 P.M. Under 8 Minutes
From the jump in US stocks to the release of RBI MPC minutes, here's a roundup of the top news articles of the day.
The day's top news includes reports indicating a potential shift in the US' approach on tariffs, with the Wall Street Journal saying that the Trump administration may lower the levies on Chinese imports to the tune of 50-65%.
On the earnings front, some of the key listed Indian entities such as Tata Consumer Products Ltd., Bajaj Housing Finance Ltd., and LTIMindtree Ltd. posted their fourth quarter results.
Here’s a quick roundup of today’s key headlines:
Wall Street Soars On Report Of US Mulling Cut In China Tariffs
US stock markets surged on Wednesday after The Wall Street Journal reported that the White House is considering slashing its steep tariffs on Chinese imports in a bid to de-escalate trade tensions with Beijing.
The tariffs, which are currently as high as 145%, could be reduced in the range of 50% to 65%, the publication stated.
Read here to know how the Wall Street reacted.
SEBI Secondary Market Panel May Discuss F&O Norms
The Secondary Market Advisory Committee of market regulator Securities and Exchange Board of India is set to meet on May 7, as per people in the know.
While the detailed agenda is not out yet, the committee members are likely to assess the impact of implemented F&O curbs and see if they have achieved the desired purpose, the sources said.
Click here to read the details of the move.
Key Q4 Results
Tata Consumer Products' new profit grew 59% during the January-March period on a yearly basis to Rs 344.85 crore.
LTIMindtree’s net profit rose 4% sequentially in the fourth quarter to Rs 1,128 crore, as compared to Rs 1,085 crore in the year-ago period.
Bajaj Housing Finance posted a 53.8% year-on-year rise in its net profit to Rs 587 crore.
Check the highlights of Q4 results on Wednesday.
Pahalgam Attack: PM Modi Chairs Meeting Of Cabinet Committee On Security
The Cabinet Committee on Security met on Wednesday evening under the chairmanship of Prime Minister Narendra Modi, a day after the dastardly terrorist attack in Jammu and Kashmir's Pahalgam killed at least 26 people and injured several others.
Besides the prime minister, the Cabinet Committee on Security comprises Home Minister Amit Shah, Defence Minister Rajnath Singh, External Affairs Minister S Jaishankar and Finance Minister Nirmala Sitharaman.
Click here to read the latest update.
MPC Minutes Show Shift In Gears To Nurture Growth
Minutes of the last meeting of the Reserve Bank of India's monetary policy committee meeting reaffirmed the members' views to support domestic growth amid easing inflation.
"When consumer price inflation is decisively around its target rate of 4% and growth is still moderate and recovering, monetary policy needs to nurture domestic demand impulses to further increase the growth momentum", RBI Governor Sanjay Malhotra stated.
Read more to find the details.
LG Electronics' Rs 15,000-Crore India IPO Launch Delayed
The launch of LG Electronics India's Rs 15,000-crore market debut has been delayed, two people aware of the development told NDTV Profit. The company was originally eyeing to open the initial public offering in the first week of May 2025.
The appliance maker's South Korean parent, which intends to sell up to 10.2 crore shares through the IPO, is concerned about justifying high valuations in India's currently volatile stock market, one of the persons cited above said.
Read the full story here.
Apple, Meta Hit By €700 Million In EU Fines
Apple Inc. and Meta Platforms Inc. were hit by relatively modest European Union fines totaling €700 million ($798 million) for violating tough new antitrust rules for Big Tech following warnings of harsh retaliation from US President Donald Trump.
EU regulators levied the penalties — €500 million against Apple and €200 million against Meta — under its Digital Markets Act, which includes a list of dos and don’ts for Silicon Valley giants.
Click here to read the full story
HSBC Flash PMI Rises To 8-Month High Of 60 In April
The HSBC ‘flash’ PMI data showed quicker expansions in aggregate output and employment. Rising from a final reading of 59.5 in March to 60.0 in April, the HSBC Flash India Composite Output Index — a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors —highlighted the fastest rate of expansion since August 2024.
There were quicker increases across both the manufacturing and service sectors, with the former seeing the sharper upturn.
Read the full story here.
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