Business Update: Repo rate may decline by 0.75 per cent in 2025-26; Bank of Mauritius to trade in rupees
New Delhi| Morgan Stanley expects retail inflation in India to average four per cent in the next fiscal year 2025-26. This means that RBI can cut the repo rate by 0.75 per cent throughout the financial year. Earlier, a 0.50 per cent reduction was estimated. According to Morgan Stanley, inflation has been lower than expected for two consecutive months (in January and February). In such a situation, the repo rate may be cut by 0.25 percent in April.
There will be trading in rupees from Bank of Mauritius
RBI and Bank of Mauritius (BOM) have signed agreements to promote the use of Indian Rupee and Mauritius Rupee (MUR) for cross-border transactions. This includes all current account and capital account transactions on behalf of both countries. Agency
Opinion can be sent for Income Tax Bill
Shareholders can send their opinions for drafting and income tax rules related to the proposed Income Tax Bill-2025. The Central Board of Direct Taxes said the bill was introduced in Parliament last month. It is currently with the Select Committee for detailed consideration. Agency
LIC may enter the health insurance sector this month
Life Insurance Corporation of India i.e. LIC can enter the health insurance sector by buying a stake in a company by the end of this month. Company CEO Siddharth Mohanty said, talks are ongoing and a decision can be taken this month. Mohanty said, LIC will not have 51 per cent share. We are considering all possibilities. Increasing the presence of private companies in recent years has increased competition in the country’s health insurance business. Agency
Tata-Kia cars will become expensive from April, Mercedes may also increase prices
After commercial vehicles, Tata Motors will also increase the prices of cars from April. The company is increasing the price for the second time this year. This also includes electric vehicles. Cars of all models of Kia India will also become costlier by three percent from April 1. On the other hand, Mercedes-Benz India cars may also become expensive from next month.
Tata Motors said, it had to take this decision due to rising input costs. On Monday itself, the company had announced to increase the prices of commercial vehicles by two percent. At the same time, Mercedes said, if the rupee continues to weaken against the euro, it will increase prices after January in April also. The company fears that due to reduced demand, there will be pressure on luxury car sales for two quarters. The euro has already fallen below 95 and the company has kept the price of cars at the 90 rupee level. There has been a continuous decline in the euro against the rupee this year.
