
Trent share price: Why is this Tata group stock rising despite the stock market crash? EXPLAINED
The Tata Group stock has been buzzing of late on Dalal Street, despite the Indian stock market being under pressure amid rising tensions in the Middle East, as the conflict between Iran and Israel deepens.
Optimism surrounding the stock was fueled by the company's continued commitment to its long-term target of achieving 25% annual growth, with a focus on value fashion brand Zudio, expansion into micro-markets, and entry into new categories, the the retailer told analysts at its investor day on June 18.

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Time of India
15 minutes ago
- Time of India
S&P upgrade likely to cut govt borrowing costs: Finmin official
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Time of India
20 minutes ago
- Time of India
Lower GST may heat up demand for packaged foods, daily essentials
Kolkata | New Delhi: Lower GST rates proposed by the government are expected to spur demand for categories such as packaged food, daily essentials , televisions, and air conditioners, company executives said. Notably, prices of ACs and large-screen televisions are expected to drop 8-10%. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency Prices of luxury handbags and cosmetics are however expected to rise up to 10% as these may attract 40% GST, if the proposals are formalised, the executives said. Currently, within electronics, ACs and large-screen TVs above 32-inch screen sizes attract 28% duty. Others such as smartphones, refrigerators, small-screen TVs of 32-inches and below, washing machines, microwave ovens, and geysers are already at the 18% slab. Executives at makers of electronics and gadgets said they expect rationalisation of GST rates on ACs and large-screen TVs to 18%, which would result in at least 8-9% drop in prices. Live Events Any rate rationalisation will give a significant boost to demand when prices of products such as ACs are poised to go up next year due to energy rating upgradation, said Satish NS, president, Haier Appliances India . "In televisions, the large screen is the only segment growing which will get further catalysed," he said. AC manufacturer Blue Star is expecting a surge in sales if the GST rate is reduced. "While ACs will no doubt compete with many other aspirational categories whose GST rate would come down, still it's a big positive for sales," said B Thiagarajan, managing director at Blue Star. The industry was lobbying for an 18% GST rate for 5-star-rated ACs. The rationalisation of GST rates on electronic products will amplify demand, local manufacturing and spur the industry's commitment to Atmanirbhar Bharat, according to Salil Kapoor, an electronics industry advisor. For packaged food and daily essentials, industry executives said lower GST slabs would enhance consumption and sentiment after five quarters of sluggish sales, as urban consumers particularly, had cut back on spending, impacted by food and fuel inflation. "If the proposed lower slabs of 5% or nil are implemented for foods and daily essentials, we expect a significant increase in demand, as sentiment would be positive, particularly for entry-level packs," a senior executive at a listed packaged food company said, requesting anonymity. "Coming on the back of a good monsoon, the festive season should see a much-needed uptick in demand." The proposals, if implemented, will align with forecasts of demand revival in the next two quarters. Research firm NielsenIQ said in its June quarter update on Wednesday that urban recovery is gaining traction, particularly in smaller towns, adding that with inflation easing and a favourable monsoon forecast, the outlook for consumption remains optimistic. Overall, value sales grew 13.9% year-on-year in the June quarter, aided by sustained rural demand and urban recovery, while volumes rose 6% y-o-y, with consumers preferring smaller packs, NielsenIQ noted. Discretionary categories have been hit for the last 9-10 quarters as consumers cut back on spending due to high inflation and poor earnings growth. Cigarettes however continue to face multiple taxes currently spanning GST, compensation cess, national calamity contingent duty (NCCD) and excise duty. While the GST rate is 28% with cess at 5%, the rest are dependent on the cigarette stick size. With these, the tax rate varies from around 38% to 53% of the selling price.


Economic Times
23 minutes ago
- Economic Times
S&P upgrade likely to cut govt borrowing costs: Finmin official
S&P's upgrade of India's sovereign credit rating after 18 years, driven by economic resilience, may lower government borrowing costs and boost investor confidence. Despite external challenges like US tariffs, India's strong macroeconomic fundamentals and growth outlook are reaffirmed. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: S&P's upgrade of its long-term sovereign credit rating on India after 18 years citing economic resilience can potentially lower the government's borrowing costs, a senior finance ministry official upgrade in rating to 'BBB' from the lowest investment grade of 'BBB-' will add to the investor optimism about the country's strong macroeconomic fundamentals, despite persisting external headwinds, including an extra 50% US tariffs on Indian exports, he yield on 10-year benchmark government securities inched up 10 basis points over the past one month to close at 6.41% on Thursday, but it still remained 45 basis points lower than a year yield has risen in recent weeks over concerns about lower-than-expected direct tax collections, over-supply of papers and fading hope of an interest rate cut in October, according to central bank has trimmed the repo rate by 100 basis points since February to 5.5% now. The focus has now shifted to a robust growth outlook, as reaffirmed by S&P, surplus liquidity in the system and overall supportive monetary policy settings will have a positive impact on the G-sec yield, the official said.S&P expects a strong annual growth rate of 6.8% for India for the next three years, with a 6.5% expansion in inflation hit an eight-year low of 1.55% in July. Lower inflation will ease the pressure on the RBI to maintain supportive monetary policies in the coming quarters, S&P has said."(Moreover) The fact that S&P also thinks the US tariff impact will be manageable, given India's relatively less reliance on external trade for growth, should also soothe nerves of investors," said another monsoon rains have been plentiful, and global crude oil prices have retreated to $67 per barrel after a brief surge in the aftermath of the Israel-Iran conflict, and could stay subdued for the rest of FY26 amid expected steady supply. All these would weigh down the bond yield, officials government won't flood the market with its securities and private players won't be crowded out, officials told ET recently. The Centre plans to stick to its FY26 gross market borrowing target of ₹14.82 lakh crore to avoid negative surprises, they had it has sharply hiked the capex allocations for the ministries of railways and road transport & highways in recent years. So, it's not using entities linked to these ministries to garner extra-budgetary resources, reducing pressure on the too, have been promised ₹1.5 lakh crore in capex loans by the Centre from its budget in FY26. This reduces their market borrowing needs proportionately.