Regulatory Update: SEBI Proposes Expanded Intraday Borrowing for Mutual Funds On May 13, 2026, SEBI proposed allowing mutual funds greater flexibility in intraday borrowing for cash management needs, including trade settlements, forex obligations, and derivative margins, beyond just redemptions.
Economy Update: Wholesale Inflation Surges to 8.3% in April, Highest in Over Three Years The Wholesale Price Index (WPI) jumped to 8.3% year-on-year in April 2026, propelled by a 24.71% rise in fuel and power prices amid global crude oil levels above USD 100 per barrel. This contrasts with contained retail inflation and highlights upstream cost pressures.
Results Update: Tata Steel Posts 125% Rise in Q4 Net Profit, Declares Dividend Tata Steel reported consolidated net profit of ₹2,926 crore for the quarter ended March 31, 2026, marking a 125% year-on-year increase from ₹1,301 crore, alongside revenue growth of 12.5% to ₹63,270 crore and EBITDA margin expansion. The board recommended a final dividend of ₹4 per share.
International Trade Update : India’s Total Exports Rise 13.6% to US$80.8 Billion in April 2026 The Ministry of Commerce and Industry announced on May 15, 2026, that India’s total exports (merchandise and services) for April 2026 reached US$80.80 billion, up 13.59% Y-o-Y. Merchandise exports grew 13.78% to US$43.56 billion and services exports rose 13.36% to US$37.24 billion, narrowing the trade deficit to US$7.81 billion and highlighting external sector resilience.
