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Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Groups financial irregularities.
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Tata Capital shares slipped below the listing price after a flat debut on Monday. However, brokerages like Emkay Global and JM Financial maintained an Add rating, citing strong Tata Group backing, AAA credit rating, and diversified loan book. Analysts expect steady AUM growth and long-term value despite near-term valuation limits.
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Economist Swaminathan Aiyar believes Donald Trump will yield in US-China trade disputes. However, a new cold war is emerging globally. Countries must now focus on security and self-reliance. India needs to increase defense spending and use its economic leverage wisely. Global alignments are hardening, making it difficult for India to play powers against each other.
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