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Adrian Mowat suggests Indian markets can quickly absorb a 25% tariff impact, though it might weaken the rupee and limit the RBI's flexibility. He highlights the geopolitical motivations behind potential US penalties on India and China's oil imports from Russia. This situation could negatively affect foreign investment inflows into India due to a less favorable risk-reward scenario.
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News and Media
Punjab National Bank's shares dipped 4% following a 48% YoY drop in net profit for Q1 2025, reporting Rs 1,675 crore against last year's Rs 3,251.5 crore, impacted by a significant tax expense. While total income rose 15.7%, NII saw marginal growth. Asset quality improved with reduced GNPA and NNPA.
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News and Media
The Indian markets may face negative sentiment due to potential US tariffs. Manishi Raychaudhuri suggests caution, citing uncertainty around exemptions for pharmaceuticals and electronics. The impact could be significant on auto, industrial components, pharmaceuticals, and garments. Ongoing trade talks between India and the US add to the fluid situation. Details about the tariff arrangement are still awaited.
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News and Media
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