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Hello and welcome to Editor's Fix, a special daily podcast brought to you by Nalin Mehta,
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the Managing Editor of Money Control.
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This is a specially curated podcast that brings together the best of the days' exclusives
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from the stock markets, from the corporate world and the wider political economy from
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Money Control's 360 degree coverage.
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This voice has been generated using AI technology based on a voice clone of Money Control's
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Managing Editor Nalin Mehta.
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The government has chosen to ease pressure on fuel retailers even if it comes at a substantial
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The centre has cut excised duty on petrol and diesel by 10 rupees per litre each, a
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move that could shave off more than 5,500 crore rupees in revenue every fortnight, right
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Arunima Baradwaj and Priyanch Verma.
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On an annualised basis, the hit could exceed one lakh crore rupees in FY27, Priyanch Verma
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and Megna Mital report.
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Ishan Gehrer's analysis shows that such a gap, about 2.2% of the budget for FY27, may force
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difficult trade-offs with capital and welfare spending likely to take a hit.
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Arunima also reports that the government has imposed export duties on diesel and jet
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fuel to ensure domestic supplies are steady.
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Lata Venkatesh spoke to Axis Bank Managing Director Amitab Chaudhary, who said the lender
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is cautious in the near term amid war-driven uncertainties but is actively gearing
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up for growth, eyeing listings for Axis Finance in the next couple of years, Axis Max Life
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Insurance will be reverse merged with Max Financial.
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Global telecom equipment maker Nokia is preparing another round of layoffs in its India operations
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reports Danish Khan.
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The company announced in November 2025 that it would cut up to 20% of its global workforce.
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The layoffs have already resulted in the exit of the India country head with new appointments
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already in place to lead the India business from April 1st.
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As external pressures mount, the rupee slid to yet another record low, closing at $94.81
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on Friday, after crude shot past $100 again, reports Archisma Ayyet, the currency has now
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depreciated almost 5% against the dollar year-to-date.
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What does this portend?
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Ishan Gehrer's analysis of currency level data shows that appreciation phases for the
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Indian rupee against the dollar now rarely exceed 2% to 3%, far below the sharp sustained
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move seen a decade ago.
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Essentially, if the rupee has to move back to 90 against the dollar, a roughly 5% gain,
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it will have to buck past trends.
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Equity markets are also sharing the same unease.
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Benchmark indices fell more than 2% tracking global stocks as hopes for a resolution to
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the Iran war-Eb'd reports Jay Jaganath.
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HDFC bank shares declined by more than 3% today after Jeffrey's sold its holdings in
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the lender and trimmed its India weightage rights Kushikaswani.
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However, in an interview with Navni Dubay, Mirai Asset Investment Managers CEO Swarok Mohanti
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said valuations have become more reasonable and the margin of safety has improved in
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In Surat, India's largest man-made textiles hub, a move to prioritize LPG allocation for
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the textiles sector, could help stabilize the workforce, report Adria Chatterjee, Priyanch
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Verma and Arunima Baradwaj.
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Local authorities had earlier stepped in with dedicated LPG quotas for workers to ease
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cooking fuel shortages.
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In the renewable energy space, the central government is likely to cancel as much as seven
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gigawatts of unviable renewable energy tenders, new and renewable energy secretary Santosh Saranghi
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told Arunima Baradwaj.
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Currently, 42 gigawatts of clean energy capacity is stranded due to a lack of power purchase
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agreements and adequate transmission capacity.
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And finally, a rare bright spot.
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Durandar 2 has ensured that PVR Inox will end FY26 on a three-year high.
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Its promoter Sanjeev Kumar Bijli told Mariam Farupi.
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Durandar 2 has pushed occupancy rates at PVR Inox above 50% even on weekdays and average
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ticket prices hover around 350 rupees.
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That's all for today's episode.
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Thank you for tuning in.
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If you have any feedback or topics you'd like to discuss, feel free to reach out to us.
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Until then, stay informed and stay ahead with money control.
