Infrastructure & Investment
Uttar Pradesh plans 12 e-way hubs. Maharashtra secures Rs 5,127 crore FDI with Blackstone for logistics parks, promising 27,500 jobs. Northeast India anticipates
a boom of Rs 2.5-3 lakh crore in investments, signaling robust growth. Indian companies invested USD 6.8 billion overseas in April. These moves show the government's commitment to fostering growth, boosting employment, and enhancing logistical efficiency in the country.
Financial Performance Reports
Several companies announced their Q4 results. TCI's profit rose by 11.4% to Rs 115.1 crore, while Hitachi Energy India saw a 62% jump to Rs 184 crore. Jubilant Foodworks posted a profit of Rs 49 crore, and KRN Heat Exchangers saw a 23% rise to Rs 15 crore. Muthoot Finance's profit jumped 22% to Rs 1,444 crore, and JB Pharma's profit was up 15% to Rs 146 crore, reflecting a positive business trend.
Market Movements & Deals
The Sensex and Nifty faced declines, influenced by weak Asian markets. CLSA sold a 1.2% stake in Edelweiss Fin Services for Rs 100 crore. SBI plans to raise USD 3 billion, with a decision expected on May 20. The rupee weakened to 85.64 against the US dollar. These market shifts underscore the dynamic nature of the Indian financial landscape and global influences.
Industry Specific Updates
Tata Power plans to spend Rs 25,000 crore in FY26. HP will buy natural wheat and turmeric from May 15. Apollo Tyres' Q4 profit dropped 48% to Rs 185 crore. Apollo 24|7 launched insurance services targeting Rs 80 crore revenue. These announcements highlight the diverse strategies and challenges present across different sectors in India.
Other Key Developments
The CCPA ordered e-commerce firms to remove Pakistani flags. The Global Times X account was restored in India after a block. Sebi updated its investor charter for RTAs. The UK-India trade deal was hailed as 'fantastic.' India will release its first monthly labor force data. These updates show the interplay of international relations, regulatory shifts, and market strategies that impact India.
