Monday, March 16
The European Central Bank is expected to announce its seventh consecutive interest rate cut amidst a struggling eurozone economy. Concerns over economic performance outweigh inflation worries, exacerbated by US President Trump's fluctuating trade policies. HSBC anticipates the rate reduction following recent US tariff announcements. While a quarter-point decrease is expected, analysts suggest a pause in July to evaluate economic trends.
Federal Reserve Governor Christopher Waller suggested potential interest rate cuts later this year, contingent on continued progress toward the 2% inflation target and a solid labor market. He believes the inflationary impact of new tariffs imposed by President Trump is likely to be temporary.
IATA forecasts airlines to achieve a combined profit of $36 billion in 2025, a rise from $32.4 billion in 2024. Director General Willie Walsh cautioned against geopolitical disputes affecting airspace and highlighted supply chain challenges. India hosted the AGM for the first time in 42 years, with the next one scheduled for Brazil in 2026.
Indian equity markets brace for a week influenced by the RBI's interest rate decision on June 6, macroeconomic data, and global cues. Experts suggest that rate-sensitive sectors like PSU banks may see focus amid rate cut hopes. India's strong FY25 GDP growth, exceeding expectations, positions it to potentially surpass Japan as the fourth-largest economy.
IndiGo has solidified its commitment to international expansion by placing a firm order for 30 additional Airbus A350 aircraft, bringing their total order to 60. This move aligns with their plans to launch services to 10 new international destinations using leased Boeing 787s.
Gautam Adani asserts the Adani Group's resilience and strategic adaptation amidst acquisitions and scrutiny, planning a $15–20 billion investment over five years. Despite facing allegations from Hindenburg Research and US authorities, the group has reduced debt, attracted investments, and reported record earnings. Adani emphasizes strong governance and compliance, highlighting expansion across various sectors and contributions to India's ambitions.
IndiGo airlines is set to boost air connectivity in Assam following discussions with Chief Minister Himanta Biswa Sarma. New initiatives include a direct Delhi-Jorhat flight starting mid-September 2025 and a Guwahati-Navi Mumbai route launching this winter. The Delhi-Dibrugarh service will now include a Guwahati stopover, enhancing connectivity between Assam's capitals.
Despite a muted equity market trend, four of the top 10 Indian companies, including LIC, SBI, HDFC Bank and Bharti Airtel, collectively added Rs 1,01,369.5 crore to their market valuation last week. However, six firms, such as Reliance and TCS, experienced a combined decrease of Rs 34,852.35 crore.
President Trump's impending tariff hike on steel and aluminium imports, effective June 4, is projected to significantly impact Indian metal exports, potentially costing $4.56 billion. The increased duties are expected to diminish the competitiveness of Indian manufacturers in the US market. India has notified the WTO and is considering further actions in response to the tariff increase.
