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Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Mehli Mistry, who stepped down from the Tata Trusts as a Trustee in November last year after being denied reappointment, has called for an Administrator to be appointed to run the Sir Dorabji Tata Trust (SDTT). He has also declared that he has no desire to rejoin the board of the trust. In a filing today before the C harity Commissioner, Mumbai, seen by businessline, Mistry alleged grave illegalities in the administration of the Trust by the Board of Trustees which now comprises of Noel Tata (Chairman), Venu Srinivasan (Vice Chairman), Vijay Singh, Darius Khambatta, Bhaskar Bhat and Neville Tata. The last two were appointed in place of Mehli Mistry and Pramit Jhaveri, who stepped down in February. Objecting to the Change Report filed by the Trust after his exit and the entry of new trustees, Mistry has contested his non-renewal as a trustee, arguing that it violates a 2024 resolution for mutual perpetual reappointments among trustess of SDTT and the other major trust, Sir Ratan Tata Trust, reports Raghuvir Srinivasan. —————— India's markets regulator, Securities and Exchange Board ⁠of India (SEBI), will allow companies ​to cut the size of IPOs by as ⁠much as 50% without filing additional onerous paperwork as the Iran war has made it hard to follow through with initial plans, according to an email seen ‌by Reuters. Current rules stipulate that initial public offering documents need to be refiled if the planned fund-raising amount increases or decreases ‌by 20% or more. Firms will now only have to ‌submit ⁠their revised offer size to SEBI for approval and these reviews will be fast-tracked, the regulator said in an email sent to the Association of Investment Bankers of India. The relief will apply to issuers ​planning to raise fresh funds ‌before September 30 and will only be granted if there is no change in the main object of the issue. ————— Markets surged on Wednesday, delivering their strongest session in weeks, as geopolitical optimism, falling crude oil prices, and buoyant global cues triggered broad-based buying that left virtually no sector untouched. The BSE Sensex closed at 78,111.24, gaining 1,263.67 points or 1.64 per cent, while the Nifty 50 settled at 24,231.30, up 388.65 points or 1.63 per cent — its highest close since March 10, 2026. From its recent swing low of 22,182, the Nifty has clawed back over 2,100 points in just eight trading sessions. Volumes on NSE's cash market rose 12 per cent from the previous session, underlining the conviction behind the move. The single biggest catalyst was US President Donald Trump signalling that Washington and Tehran may be heading back to the negotiating table, with talks potentially resuming in Pakistan within days, describing the conflict as “close to being over.”, writes Anupama Ghosh. ------ India's merchandise exports grew by over 4 per cent in the 2025-26 fiscal year, though the overall trade deficit widened by more than 26 per cent for the full year, according to data released by the Commerce Ministry on Wednesday. Despite the annual expansion of the gap, the trade deficit narrowed in March as both exports and imports saw a synchronized dip during the final month of the fiscal year. Commerce Secretary Rajesh Agrawal said India's exports are doing well despite challenges. The country's merchandise exports during April-March 2025-26 went up 1 per cent to $441.78 billion from USD 437.7 billion. Imports also increased to $774.98 billion during the period from $721.2 billion in 2024-25. Services exports are estimated at $418.31 billion in 2025-26, showing a growth of around 8 per cent, reports Shishir Sinha.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Today's top headlines: India's oil marketing companies cut refinery transfer prices to manage losses from frozen fuel rates. The Gujarat High Court issues a strict AI policy banning judicial use of AI in decision-making and judgment writing. US President Donald Trump announces 100 percent tariffs on select pharmaceutical imports, with limited impact on Indian generic drug makers. Meanwhile, 345 Tamil Nadu fishermen stranded in Iran are safely repatriated to Chennai. Stay updated on: India's energy sector and fuel pricing, judicial policy and AI regulation, US-India trade and pharmaceutical updates, and humanitarian developments affecting Tamil Nadu fishermen.

CBIC waives full customs duty on critical petrochemical products The Finance Ministry has announced a complete customs duty waiver on 40 petrochemical products, effective through June 30, 2026, in a strategic move to insulate domestic manufacturers from supply chain disruptions and price volatility triggered by the ongoing West Asia conflict. These products serve as essential raw materials across various industrial sectors, and the intervention aims to stabilise production costs amid regional instability. According to official estimates, this tax break is expected to result in a revenue loss of approximately Rs 1,800 crore to the national exchequer over the three-month period. The Ministry clarified that the decision was prompted by the escalating West Asia conflict and the resulting turbulence in global supply chains. By removing these trade barriers, the government aims to shield the domestic market from external shocks. This is third measure from Central Board of Indirect Taxes and Customs. First, last week. It slashed excise duty on petrol and diesel by Rs 10 a litre as it looked to shield consumers from the impact of rising global crude prices amid the ongoing war, also imposed an export duty of Rs 21.50 per litre on diesel and Rs 29.50 per litre on Aviation Turbine Fuel (ATF). Excise duty on petrol has been slashed to Rs 3 a litre, while on diesel it is zero currently. GE faces penalty action for missing multiple Tejas engine deadlines With GE Aerospace missing multiple deadlines for supply of F404-IN20 engines for powering Tejas LCA Mk1A, penalty against the US-based company outlined in the August 2021 contract with the Hindustan Aeronautics Limited will be automatically invoked for breach of delivery timeline per engine. Of the overall 99 engines contracted for a cost of $716 million, GE has supplied 5 engines and the 6th is on way to India. The delivery was supposed to start in 2023 but it got delayed for about two years and the first engine was supplied only in March 2025. A subsequent contract was also inked with GE on November 7, 2025, for approximately $ 1 billion, to support 97 more LCA Mk1A jets, and the deliveries are supposed to take place from 2027 and end in 2032. As per the ‘pessimistic assessment,' GE has promised to supply 20 of 99 F404-IN20 engines towards December, this year, as they claim to have overcome global supply chain issues, top HAL sources revealed. The best case scenario, however, is for shipment of 25 engines by the end of the year, they added. Hormuz crisis chokes shipping, sends freight rates soaring fivefold More than a month into the West Asia crisis triggered by the US–Iran conflict, shipping and trade remain in deep turmoil, marked by extreme volatility and uncertainty. The disruption of the Strait of Hormuz — a critical artery for global energy flows — has severely impacted maritime traffic, pushing freight rates up nearly fivefold, inflating war-risk insurance premiums by 10X, and imposition of emergency surcharges across key trade lanes. Prior to the crisis, around 150 vessels transited the strait daily; that number has now dropped to just four or five. Similarly, deliveries are now arriving two to three weeks behind schedule, as vessels reroute via longer passages such as the Cape of Good Hope, increasing both transit time and costs. FMCG firms likely to hike prices by 3-4% in June quarter due to raw material cost pressures: Nuvama report FMCG companies are likely to hike prices by 3-4 per cent in the June quarter to mitigate raw material cost pressures, according to a report by Nuvama Institutional Equities. It added that in categories such as paints, edible oils, soaps and detergents, it could be even higher. “In our view, companies typically maintain 30–45 days of raw material and finished goods inventory. Hence, we forecast price hikes are likely to be in Q1 FY27. Higher crude oil prices and rupee depreciation have raised input cost pressures, mainly through higher packaging costs, which comprise about 20 per cent of costs. We forecast at least 3–4 per cent price hikes in Q1 FY27 if current raw material inflation persists. Paints, edible oil, soaps and detergents could see even higher hikes,” Abneesh Roy, Executive Director & Head of Research Committee, Nuvama Institutional Equities, stated in the report. He added that to manage rising input costs, FMCG companies are recalibrating pricing strategies and packaging structures through grammage reduction in smaller packs to maintain affordability and price hikes in larger packs, where consumer sensitivity is lower.

India braces for major Oracle layoffs; ex-employees estimate 12,000 impacted Oracle has reportedly begun a new round of layoffs affecting about 30,000 employees across the United States, India, and other regions, with former employees suggesting that around 12,000 of those cuts may be in India alone. According to multiple netizens, termination emails were sent as early as 6 a.m. on Tuesday, catching employees off guard with no prior communication from managers or human resources. The job cuts appear to span several business units and geographies, impacting teams such as Revenue and Health Sciences (RHS), SaaS and Virtual Operations Services (SVOS), and NetSuite's India Development. Some groups experienced workforce reductions of 30 per cent or more. GST collection exceeds ₹2 lakh crore in March For the first time after rate rationalisation, collection from Goods & Services Tax (GST) in March crossed ₹2 lakh crore, data on GST portal showed. Also, this number is achieved without compensation cess. However, experts anticipate cautious trajectory in April. GST collection in March is related with goods consumed and services availed in February. According to GST portal, collection was over ₹2 lakh crore as against ₹1.83 lakh crore of March 2025. This shows a growth of around 9 per cent. However, growth from domestic sources was just 6 per cent while that from import was around 18 per cent. For full fiscal, the growth rate in gross collection was 8.3 per cent. TN Assembly polls: BJP, Congress delay candidate lists as regional heavyweights gain early edge With just five days left for the close of nominations on April 6 for the Tamil Nadu Assembly elections scheduled on April 23, both the national parties — the Bharatiya Janata Party (BJP) and the Indian National Congress (Congress) — are yet to announce their candidates, reflecting internal pressures and strategic dilemmas within the two outfits. In between the five days, three days are holidays - Good Friday, Saturday and Sunday. In contrast, regional players, including the two heavyweights — the Dravida Munnetra Kazhagam (DMK) and the All India Anna Dravida Munnetra Kazhagam (AIADMK) — along with the new entrant, Tamilaga Vettri Kazhagam, had announced their candidate lists last week. Several key leaders, including DMK president MK Stalin and TVK founder C Joseph Vijay, have already filed their nominations. Census 2027 The first phase of Census 2027 began on April 1, in what will be the largest such exercise in the world and it will be conducted digitally for the first time. It is India's 16th Census and eighth after Independence. For the first time, the option of self-enumeration will also be available. The reference date of Census 2027 is 00:00 hours of March 1, 2027, (for UT of Ladakh and snow-bound non-synchronous areas of UT of Jammu and Kashmir and States of Uttarakhand and Himachal Pradesh reference date is 00:00 hours of 1st October, 2026). Census 2027 will be conducted in two phases - Phase I-House Listing and Housing Census popularly known as HLO during six months from April to September, 2026, in a period of 30 days as per the convenience of the State/UT governments along with option of Self-enumeration of 15 days period just before the 30 days period of house-to-house houselisting work.

The Reserve Bank of India has deferred implementation of the recently issued Amendment Directions on Capital Market Exposures of Banks by three months to July 1, 2026. The move follows representations from stakeholders including banks, capital market intermediaries, and industry associations. The RBI has also issued clarifications on acquisition finance, expanding it to include mergers and amalgamations, while restricting it to cases involving acquisition of control in non-financial target companies. You can read more here Moving on. India's IT sector is expected to see a steady but largely ordinary fourth quarter for FY26. Analysts point to selective demand, healthy deal pipelines, and early opportunities in AI-led projects supporting modest growth. However, elongated decision-making cycles and weak discretionary spending continue to limit upside. Industry experts say demand remains stable but not broad-based, with growth likely to stay in the mid-single-digit range as recovery continues. Details here Next. In the electric mobility space, Switch Mobility has overtaken Tata Motors and Olectra Greentech to become India's largest electric bus maker in FY26. Backed by the Hinduja Group, the company recorded a 177 per cent surge in volumes, far ahead of the market's 44 per cent growth. Switch Mobility clocked 1,144 units in FY26, with its market share rising to 26.4 per cent, driven largely by strong execution in large state transport tenders. More on this story And finally. The new Income-tax Act, 2025, set to come into effect from April 1, 2026, marks a major overhaul of India's tax framework. The changes focus on simplifying compliance, improving transparency, and rationalising exemptions for salaried taxpayers. Among the key updates — expanded House Rent Allowance benefits, with more cities now eligible for the higher 50 per cent exemption limit. There is also a sharp increase in children's education allowance, rising from Rs 100 per child per month to Rs 3,000. Meal-related tax exemptions have also been raised significantly, from Rs 50 per meal to Rs 200. Other changes include updates to how perks are taxed, company car usage, and provisions for overseas medical treatment. Full explainer here

Nifty posts worst FY26 close as West Asia war enters week five, Rupee bleeds past 95 Markets ended the final session of FY2026 sharply lower on Monday, with the Nifty 50 falling 488 points or 2.14 per cent — marking a loss of 5.05 per cent for the full financial year — as the US-Iran conflict entered its fifth week without any credible pathway to resolution, and crude oil holding above $100 a barrel. It was the worst monthly decline for equities in six years while the Nifty50 ended nearly at a one-year low and the Sensex at a 2-year low. The Sensex fell 1,636 points. India VIX surged to an intraday high of 28.79 before settling near 30. The Nifty opened gap-down at 22,549, briefly touched 22,714, then slid to a session low of 22,283. This was the eighth session in the March expiry series where the index closed with losses exceeding 1 per cent. India 10-year bond yield tops 7%, sees biggest monthly surge in 9 years Indian government bonds slumped on Monday, closing out a rough financial year, with the 10-year ​benchmark bond yield posting its biggest monthly spike in nine years, on ‌bets that a protracted Middle East war would upend the ​government's fiscal plans and as the rupee plunged past ⁠95 per dollar. The 10-year bond yield breached the 7% level for the first time since July 2024 and ended 9 basis points higher ‌at 7.0345%, its highest since May 2024. The yield jumped 37 bps in March, the biggest such move since ‌February 2017. The rupee plunged to a low of 95.21 ‌against ⁠the dollar on Monday, while stocks also tanked. Bonds were caught ⁠in a sharp selloff across the country's markets that included surging swap rates as investors weighed the risks of the Middle East war escalating further, which ​could hurt growth and stoke inflation ‌for net energy importer India. Fertilizer sales spike in March, surpassing monthly estimates and previous year totals Farmers appear to be stockpiling fertilizers as government sales data for March shows a sharp spike in demand. By March 23, the volume of crop nutrients purchased had already overtaken the estimated demand for the full month and surpassed sales from the same period last year. As much as 20.21 lt of urea was sold during February 28-March 23, as against 16.2 lt in the whole of March 2025 and against estimated demand of 14.96 lt for the month. Similarly, 4.78 lt of DAP was sold between February 28 and March 23, against an estimated demand of 2.43 lt for the whole of March 2026, while 1.58 lt of MOP was sold against 1.8 lt of estimated demand, and 7.22 lt of complex was sold against 7.05 lt of estimated demand, reports Prabhudatta Mishra. Committee of Creditors to record reasons for selection of successful resolution applicant under IBC The amended Insolvency and Bankruptcy Code (IBC) framework sharpens transparency norms by requiring the Committee of Creditors (CoC) to record detailed reasons for selecting the successful resolution applicant, a move Finance Minister Nirmala Sitharaman said would strengthen accountability in the resolution process and reduce litigation over bid selection. The provision forms part of the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, passed by the Lok Sabha on Monday after being reworked in line with the recommendations of a Select Committee. Replying to the debate, Sitharaman said the government had accepted all 11 recommendations of the committee and added an additional transparency clause of its own, reports Shishir Sinha.

Today's top headlines: Mass protests across the United States against President Trump, the passing of industrialist Vijaypat Singhania, a key ruling empowering tribunals to defreeze demat accounts in insolvency cases, and the Vedanta Adani dispute over the Jaiprakash Associates bid. Stay updated on: US political developments, India Inc leadership legacy, insolvency law and tribunal powers, and the latest corporate battles shaping business.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Today's top headlines: Qatar LNG supply to India disrupted after attacks on Ras Laffan Industrial City, Iran's South Pars gas field hit amid Israel-Iran conflict, Rafah crossing in Gaza reopens for limited Palestinian medical evacuations, and Indian stock markets fall over 3% on rising crude oil and US Federal Reserve policy. Stay updated on: India's energy security, Middle East gas and oil tensions, Gaza humanitarian updates, global LNG market impact, and Indian financial market trends.

Today's top headlines: Government offers states extra LPG for promoting piped gas, airlines must provide 60% free seats and improve passenger rights, ₹8,800 crore CAFE-2 penalties under review, and Lloyd's of London to set up operations in GIFT City. Stay updated on India's energy, aviation, auto regulations, and global reinsurance developments.

Today's top headlines: India warns crude at $130 a barrel could hit GDP and inflation, Israel kills top Iranian officials amid Gulf tensions, fresh LPG shipments reach Gujarat, and CBIC eases export container rules. Stay updated on India's energy, LPG supply, and trade developments.

Today's top headlines: India's goods exports fell 0.81% in February 2026 while imports rose 24.11%, widening the trade deficit, six LPG tankers face delays in the Strait of Hormuz amid supply shortages, Bajaj Auto considers shifting EV investments out of Maharashtra over unpaid subsidies and permit restrictions, and PhonePe temporarily pauses its IPO due to geopolitical tensions and volatile markets. Stay updated with the latest India-focused business and economic developments, energy and LPG supply challenges, EV industry and auto sector news, fintech and IPO updates, and key trade and financial trends shaping domestic and global markets.

Today's top headlines: Airfares from India to Europe and the US have surged sharply after the West Asia crisis, PNG consumers are barred from domestic LPG refills to prioritize households, hospitals, and schools, President Trump faces mounting pressure over US-Israeli strikes on Iran and Strait of Hormuz security, and India's Finance Ministry revises public shareholding norms for listed companies to boost market transparency and investor protection. Stay updated with the latest India-focused business and economic developments, global political and energy market risks, travel and LPG policy changes, stock market reforms, and key financial news shaping Indian and international markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point. Check out the top news for the day.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Today's top headlines: Former US President Donald Trump reports Iran's Supreme Leader Ayatollah Ali Khamenei killed in US-Israel strikes, India's crude oil imports face risk amid West Asia tensions, Indian IT stocks drag three-year SIP returns into negative territory, and Auqib Nabi leads Jammu & Kashmir to a historic Ranji Trophy victory. Stay updated with the latest global and Middle East developments, energy market risks, Indian IT sector and SIP trends, sports milestones, and key business and financial news shaping India and international markets.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point.

Welcome to The morning report brought to you by Renil S Varghese — your quick dive into the top stories shaping the business world today. Fast, insightful, and to the point. Check out the top news for the day.

Today's top headlines: IDFC First Bank reports a ₹590-crore fraud, the Supreme Court hears the Meta-WhatsApp privacy case, US President Donald Trump announces a hospital ship plan for Greenland, and India and Brazil sign a pharma regulation MoU. Stay updated with the latest business news, banking fraud developments, Supreme Court hearings, India-US and global geopolitical updates, pharma sector partnerships, and key regulatory stories impacting India and international markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.