Whalesbook
RBI Maintains Interest Rates
The Reserve Bank of India (RBI) has decided against immediate, off-cycle interest rate hikes aimed at strengthening the rupee. This cautious approach suggests the central bank is looking for alternative methods to manage currency pressures without impacting overall economic growth through aggressive monetary tightening.
Microsoft in Talks for Custom AI Chips
Microsoft is reportedly in advanced talks to supply its custom-designed Maia 200 AI chips to AI startup Anthropic. This potential deal underscores the growing demand for specialized AI hardware. Anthropic, which has used NVIDIA GPUs and partnered with AWS and Google for chips, is seeking to expand its hardware options as its AI services like Claude gain traction.
The Maia 200 chip, launched in January 2026, is built for inference tasks and improved token generation efficiency, using TSMC's 3nm process. This move is part of Microsoft's strategy to reduce its reliance on NVIDIA and better compete with cloud providers in the AI chip market.
Engineers India Ltd. Shares Tumble After Q4 Results
Engineers India Ltd. (EIL) saw its shares fall significantly, marking its largest drop in almost two years, following its fourth-quarter financial results. The company reported a nearly 50% decrease in EBITDA to Rs 1.52 billion and a reduced EBITDA margin of 16.45% for the quarter ending March 31, 2026. Consolidated net profit declined to Rs 1.95 billion on revenues of Rs 9.3 billion. EIL's board has recommended a final dividend of Rs 2.50 per share, bringing the total dividend for FY26 to Rs 5.00.
LIC Stock Surges on Strong Q4 and Bonus Approval
Life Insurance Corporation (LIC) of India Ltd.'s stock experienced a significant rise after announcing its fourth-quarter financial results. The company reported a 23% year-on-year increase in consolidated net profit, reaching Rs 23,467 crore for Q4 FY26. Net premium income grew by 11.5% year-on-year to Rs 1,65,067 crore. The board also approved a 1:1 bonus share issue and declared a final dividend of Rs 10 per share, prompting positive reactions from brokerage firms.