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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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It was one of those days that kept every investor on the edge of their seat till the very end.
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Stocks opened deep in the red, spooked by war tensions and global cues, but staged a stunning
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1,750 point rebound to end in the green helped, as Jay Jaganath writes by late value buying
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and a dramatic currency move.
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The rupee logged its strongest single day gain in 13 years, jumping more than 150
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per se after the RBI's sweeping curbs on speculative trades forced banks to unwind dollar
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positions, resulting in heavy selling of the US currency.
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Archisma Ia reports that RBI's measures may have unwound as much as 40 billion dollars
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in speculative positions.
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Surabhi Pandey takes a step back to show how India has deployed similar crisis playbooks
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in past currency shocks, even so the pressure isn't behind us yet.
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The war in West Asia could add at least 2 billion dollars to March's import bill reports
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Stress on the coal supply chain is also showing up.
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Aishwarya Nair reports that coastal power plants run by Adani and J.S.W. groups are heading
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into peak summer with sharply depleted coal stocks, summit just 15-28% of required levels.
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The power ministry has asked around 15 imported coal-based plants to maintain enough stock
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to operate at full capacity through June 30th to meet summer power demand.
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The scrutiny on global trading giants continues.
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The tax department has sent a draft notice to high frequency trading firm Jane Street, questioning
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why it shouldn't be taxed on profits of roughly 20,000 core rupees from derivatives trading
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reports Pavamburgula.
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If Singapore treaty benefits are denied, Jane Street may face an additional tax outlay
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of around 7,000 core rupees.
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Extractions on Chinese CCTV players have opened the door for global manufacturers and
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domestic firms to expand local production, writes Ehiksua.
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The tighter security rules have effectively shut out Chinese CCTV players like Hik
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Until last year, Chinese brands accounted for roughly one-third of CCTV sales, writes
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The ripple effects of layoffs by Oracle may create some opportunities for domestic IT
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The day after US-based Oracle laid off thousands of employees in India, Debangana Gosh and
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Reshab Shore report that Indian IT firms may now tap into a suddenly available pool of
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high-end talent from architects to senior engineers.
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At the same time, Ayush Mishra breaks down a more immediate concern for those affected.
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How severance payouts are taxed differently from salaries and other bonuses in India.
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Even as the war drags on, capital hasn't retreated.
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Ashish Mishra reports that institutional investments in the real estate sector have touched $1.4
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billion in the March quarter, the strongest since 2022.
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Most of this money went to commercial real estate such as GCC's.
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Other sectors such as warehouses and residential real estate attracted relatively lower inflows.
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And finally, Mariam Faroukwi writes that the long weekend starting tomorrow has sparked
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a surge in leisure travel, led by younger consumers opting for shorter, experienced
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The momentum has been building.
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The preceding week saw a huge uptick in travel to Bengaluru for the opening match of IPL's
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The IT hub recorded one of the highest spikes in both accommodation and flight searches
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around the opening fixture, Mariam ads.
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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.
