₹5L EPFO—No Paperwork! 🏦
Your daily dose of business news
🗞️ EPFO to allow up to ₹5L withdrawals without employer nod
In a big relief to salaried employees, the EPFO will soon enable withdrawals up to ₹5 lakh without employer verification. The auto-mode settlement will speed up claims, especially during emergencies or job changes.
🗞️ Airtel unveils revamped international roaming plans
Airtel has launched new international roaming (IR) packs with daily plans starting from ₹133. These plans offer seamless global connectivity across 184 countries and now include an IR usage tracker for better spend control. Airtel also claims to offer 24x7 call center support and a fully digital purchase flow via its app.
🔍 Expert Take:
"This move is Airtel's strategic response to the post-pandemic travel boom and will help it retain high-value global customers," says a telecom analyst at CLSA.
🗞️ India may allow 49% FDI in nuclear power plants
The Indian government is considering permitting up to 49% foreign direct investment (FDI) in its nuclear power sector, currently closed to foreign players. The move aims to bring global capital and technical expertise into India's energy transition roadmap, with a special focus on small modular reactors (SMRs).
🔍 Expert Take:
“Liberalizing FDI in nuclear can unlock next-gen clean energy investments and partnerships, especially with France, the US, and South Korea,” said a senior energy policy researcher.
🗞️ HUL, Nestlé India, Axis Bank & Tech Mahindra post Q4 results
HUL reported a slight miss as rural demand stayed soft.
Nestlé India clocked strong numbers on the back of premium products.
Axis Bank posted better-than-expected net profit despite margin compression.
Tech Mahindra flagged weak discretionary tech spending but expects recovery in H2 FY26.
🗞️ Tata Tech announces record ₹5.85/share dividend
Tata Technologies declared its highest-ever dividend of ₹5.85/share after a strong Q4 performance. The company continues to benefit from rising demand in automotive engineering services, especially from EV clients in Europe and the US.
🗞️ Goldman sees ‘tariff thaw’ from China on raw materials
In a sign of cooling global trade tensions, Goldman Sachs noted that China may ease export tariffs on critical raw materials like rare earths and graphite. This could benefit Indian manufacturing, especially in EV batteries and solar modules.
🗞️ Google parent Alphabet posts ₹34.5B profit, thanks to AI & Cloud
Alphabet, parent company of Google, reported a 12% YoY surge in Q1 revenue, driven by robust growth in its cloud services and AI product lines. Net profit stood at $34.5 billion, as ad revenues also showed signs of stabilizing.
🗞️ TCS launches sovereign cloud infra in India
TCS has introduced a sovereign cloud infrastructure tailored for Indian enterprises and public sector clients. This move aligns with the government’s data localization push and ensures that sensitive Indian data stays within national borders.
📈 Market Updates
📊 Sensex: 79,212.53 🔻 -588.90 pts (-0.74%)
📊 Nifty 50: 24,039.35 🔻 -207 pts (-0.86%)
💵 USD/INR: ₹85.4350 🔻
🪙 Gold (24K): ₹9,563/gm 🔻