$96B Capex Push for Power Sector
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🗞️ Power Transmission to See $96B Capex Push
India’s power transmission sector is set to receive a $96.7 billion capex push by 2032.
The investment will strengthen grid infrastructure and support long-term energy demand.
💬 Expert Take — “Transmission capex is a critical backbone for scaling renewables and sustaining industrial growth.”
🗞️ India–South Korea Set $50B Trade Target
India and South Korea have set a trade target of $50 billion.
The move signals deeper bilateral economic cooperation.
🗞️ D2C Growth Driven by Tier 2–3 Cities
India’s D2C sector is being driven by Tier 2 and 3 cities, contributing 66% of new orders.
The trend highlights expanding consumption beyond metros.
🗞️ Crude Oil Imports Fall Nearly 17%
India’s crude oil imports declined nearly 17% in March.
The drop reflects softer demand and inventory adjustments.
🗞️ Govt Pushes for 100% Ethanol Blending
The government is targeting 100% ethanol blending in fuel.
The push is part of India’s long-term energy independence strategy.
🗞️ MSME Ministry Trains 2,500+ Artisans in AI
The MSME Ministry has trained over 2,500 artisans in AI.
The initiative aims to boost productivity across small-scale industries.
💬 Expert Take — “AI adoption at the grassroots level can unlock productivity gains across India’s informal economy.”
🗞️ Food Startup Enabler Programme 2.0 Launched
The Food Startup Enabler Programme 2.0 has been launched to support food entrepreneurs.
The programme focuses on innovation and scalability in the sector.
🗞️ PrimeInvestor Raises ₹19.5 Cr from Rainmatter
PrimeInvestor has raised ₹19.5 crore from Zerodha’s Rainmatter.
The funding will help scale its PMS business.
📊 Market Update
📈 Sensex: 79,273.33 ▲ 753.03 pts (+0.96%)
📈 Nifty 50: 24,576.60 ▲ 211.75 pts (+0.87%)
🪙 Gold (per gram): 24K ₹15,529 | 22K ₹14,235
🥈 Silver (per kg): ₹2,65,000 ▼ ₹10,000