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TCS has partnered with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform to enhance property owners’ leasing experience. The platform will streamline service processes, boost retention, and strengthen European partnerships. TCS will deploy TCS Crystallus for Telecom to drive digital transformation, ensuring seamless access to support and enterprise-wide information.

The recent underwhelming earnings performance of many small and midcap companies on account of rising costs, weakening demand, and sector-specific headwinds have eroded profitability, leading to earnings downgrades.

The RBI had previously conducted a $10 billion dollar-rupee swap on February 28 to inject long-term liquidity into the system, which saw strong demand.

The Reserve Bank of India announced measures to inject ₹1 lakh crore into the banking system and conduct a dollar/rupee swap auction of $10 billion. These steps aim to address the liquidity deficit and ensure the smooth transmission of lower policy rates amid expected tax outflows.

Several digital lenders and microfinance companies have approached the Reserve Bank of India to introduce a formula for calculating interest rates on small-ticket loans. They argue that a regulatory formula would ensure fair pricing, prevent business disruptions, and reduce the risk of regulatory actions. The industry seeks clarity and a framework modelled after practices in other countries.

Havells India s diversified business approach is expected to help mitigate the impact of UltraTech Cement s entry into the cables market. Only a third of Havells revenue comes from wires and cables, compared to 85-95% for its peers. Havells is also ramping up production capacity and anticipates earnings growth by 28% between FY24 and FY27.

The Reserve Bank of India (RBI) holds a record $77.5 billion in net short dollar positions, which may need to be rolled over to avoid affecting rupee liquidity. Managing the maturity of these positions is crucial as any unwinding could impact foreign exchange reserves, currently at $640 billion, and the credibility of the spot reserve number.

The 25% tariffs imposed on Canada and Mexico took effect Tuesday along with fresh levies on Chinese imports. In his address to the US Congress, President Donald Trump said that reciprocal tariffs will take effect from April 2 on countries like India, South Korea, the EU, China and others.

After a decline of 15% since October 1, Nifty gained 1.15% on Wednesday. The Nifty Midcap 150 and Nifty Smallcap 250 indices gained 2.43% and 2.71% respectively on Wednesday. Both indices plunged 20% and 25%, respectively, since October 1 through Tuesday.

The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday every week.