Market Buzz: Key Corporate Moves, Strategic Tie-Ups, and Global Trade Developments by GEPL Capital
Stocks in News
* TATA STEEL: The Netherlands unit launched a transformation programme to boost competitiveness, cutting 1,600 management and support roles.
* TARC: The company posted record annual sales of Rs 3,122 crore and Rs 1,235 crore in Q4. FY25 collections reached Rs 484 crore, with Rs 113 crore collected in Q4.
* NBCC: The company sold 1,185 residential units in Noida via e-auction, totaling around Rs 1,504.69 crore.
* BHEL The company signed an MoU with Nuovo Pignone International to explore compressor revamp projects in the fertilizer sector.
* COROMANDEL INTERNATIONAL: The company signed an MoU with Saudi mining firm Ma’aden to collaborate on phosphatic fertilizers.
* GREAVES COTTON: The company partnered with Chara Technologies to promote sustainable mobility using rare-earth-free motor technology.
* INDIAN BANK: The bank cut its repo-based lending rate by 25 bps to 6% and its repo-linked benchmark rate to 8.70% from 9.05%.
* JSW ENERGY: JSW Neo Energy, a subsidiary of the company, acquired a 4.7 GW renewable energy platform from O2 Power for Rs 12,468 crore.
* OLECTRA GREENTECH: The company secured a Rs 424 crore order to supply 297 electric buses.
* SRF: The company commissioned its Rs 239 crore Dahej unit to manufacture agrochemical intermediates
Economic News
* India Eyes $500 Billion Trade with U.S. Amid Tariff Talks: Union Minister Piyush Goyal said India is handling the U.S. reciprocal tariff issue wisely, aiming to boost bilateral trade to USD 500 billion—2.5 times the current level. He highlighted ongoing progress in talks, reaffirming the February agreement between PM Modi and President Trump to strengthen ties and ease trade, which would also create jobs and boost the economy
Global News
* Trump Pauses Global Tariffs, Escalates China Duties to 145% Amid Market Turmoil: Amid a global market meltdown, President Trump, paused most tariffs for 90 days, slashing them to 10%—except on China, where tariffs were hiked to 145%. The move, prompted by market volatility and investor concerns, aimed to narrow the broad trade war to a U.S.-China showdown. The S&P 500 surged 9.5% following the announcement. Trump cited pressure from plunging stocks and bonds, voter anxiety, and business warnings as key factors, though he claimed the pause was always planned.
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