US Fed keeps rates unchanged, TVS Motor dividend, & EPFO added 17.89 lakh members - Daily Trends

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 News

  • The US Fed kept its interest rates unchanged at 4.25% to 4.5% in its March meeting. 

  • Bank of England kept its interest rate unchanged at 4.5% in its March meeting.

  • India’s gem and jewellery exports fell 19.73% year-on-year to Rs 21,085 crore in Jan. Imports fell 37.1% to Rs 11,859 crore. Out of this, gold exports fell 14.1% to Rs 6,549 crore (all gross figures): GJEPC.

  • EPFO added a net of 17.89 lakh members in Jan (a year-on-year rise of 11.67%). Of this, 8.23 lakh were new members (a year-on-year rise of 1.87%).

Stocks Updates

  • TVS Motor: board declared an interim dividend of Rs 10 per share with 26 March as the record date.

  • Adani Green: company subsidiary commissioned a solar power project of 250 MW at Bhimsar, Rajasthan.

  • NHPC: board approved raising Rs 6,300 crore through debt during FY 2025-26.

  • Adani Enterprises: company’s joint venture, Sirius Digitech, has acquired the remaining 22.5% stake in Parserlabs India Private Ltd (PIPL) for Rs 45 crore, making PIPL a wholly owned subsidiary of Sirius Digitech​. 

  • Hindalco: will invest Rs 45,000 crore in copper, aluminium, and specialty alumina segments and set up a copper oil factory for EVs — Chairman, Aditya Birla Group.

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Minimum Support Price (MSP) - It is the minimum price at which the government bucertain agricultural products from farmers

  • MSP aims to protect farmers from price fluctuations and market uncertainties.

  • Example: The Indian government sets MSP for crops like wheat, sunflower, gram, etc.

  • The government announces MSP before each sowing season, considering factors like production costs, demand, and inflation.

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