What is the story about?
From rising profits to strategic expansions, India's business landscape is buzzing with activity. Here's a quick look at what's making headlines!
Economic Growth & Vision
Prime Minister Modi's call for 'Swadeshi' reflects India's aim to become the 3rd largest economy. India needs risk capital to achieve its ambitious goal of a $5 trillion economy. This signals a focus on self-reliance and internal market strength, crucial for long-term economic progress. The RBI may hold lending rates at 5.5%, according to expert views.
Market and Investments
Manipal Hospitals acquired Sahyadri Hospitals for Rs 6,400 Cr, showing major investment in the healthcare sector. Lodha Developers entered the Delhi-NCR market. Odisha Governor called for real estate investment in Tier 2 & 3 cities. Capri Global's Q1 PAT jumped 2x to Rs 175 cr. PNB is targeting Rs 30 lakh crore in business by FY26.
Industry Specific News
The India semiconductor market is expected to boom to $110B by 2030. Mahindra addressed the rare earth magnet shortage. HCLTech's CEO's pay topped rivals at $10.85 Mn. Decathlon India targets $1 billion sales in 5 years. Samsung India exhibits optimism for growth, focusing on foldables and market strategies, and is expanding in the market.
Global Impact and Trends
US tariffs on Russian oil are expected to increase India's import bill. US tariffs also affect copper, gold, and crude. Pakistan and Iran are boosting bilateral trade, reaching $10 billion, and even boosting to $8 billion. India notified new vegetable oil regulations. The CCI is probing Google's AdTech dominance.
Financial Sector Updates
IOB disbursed Rs 202.65 Cr loan to farmers and SHGs in TN. Nippon India MF is expanding to Leh. Tamilnad Mercantile Bank is undergoing a digital push. The ED arrested an Axis MF fund manager in a front-running case. Sirca Paints' Q1 profit rose 39% to Rs 14 Cr. The Rs 2000 notes are still in circulation according to RBI.
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