IT Q4 Outlook: Muted Growth, AI Deflation, Geopolitical Risks

The March quarter for Indian IT firms is projected to be subdued, with sequential growth ranging from -1% to 3.5%. Geopolitical uncertainty and early GenAI-led revenue deflation weigh on the sector, though rupee depreciation may boost margins.

RBI Keeps Policy Rate Unchanged at 5.25%, Eyes Global Risks

The Reserve Bank of India's Monetary Policy Committee unanimously maintained the policy rate at 5.25% for the second meeting, citing global volatility from West Asia conflicts and oil price concerns while forecasting 6.9% GDP growth.

Markets Rally on West Asia Truce, Sensex Gains 4%

A temporary ceasefire in West Asia triggered a global market surge, with India's Sensex jumping 2,946 points, adding Rs 16.3 lakh crore in wealth. Crude oil fell below $100/barrel, boosting investor confidence.

BMW India: Limited FTA Impact, Local Assembly, EV Surge

BMW Group India expects marginal pricing impact from India-EU Free Trade Agreement, with 95% of cars assembled locally. CEO Hardeep Brar highlights EV sales growth of 83% and over 70% market share in luxury electric segment.

Washerman Gets IT Notice for Rs 598 Crore Diamond Deals

The Income Tax Department has issued notices to a roadside washerman in Ajmer and his bank manager over unexplained transactions worth Rs 598 crore linked to diamond trading. The washerman claims ignorance and has filed a police complaint.

Telangana Tops India with 9.5% Imported Inflation

Telangana records the highest imported inflation in India at 9.5%, far exceeding the national average of 5.36%. Global disruptions and local economic disparities are driving up costs for consumers and manufacturers.

Steady Repo Rate Boosts NCR Housing Market Sentiment

The Reserve Bank of India's decision to maintain the repo rate at 6.5% has significantly boosted sentiment in the NCR housing market, fueling buyer confidence and driving increased demand for residential properties.

Punjab to Build Rs 250-Crore Exhibition Centre in Mohali

Punjab Industries Minister Sanjeev Arora announced a state-of-the-art multipurpose exhibition and convention centre in Mohali's IT City, with the Rs 250-crore project expected to create up to 25,000 jobs and boost tourism.

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