📈 Ather IPO Ignites EV Buzz
Your daily dose of business news
🗞️ Ambani back in $100B club
Reliance Industries stock rallied 8% over three sessions, pushing Mukesh Ambani’s net worth back above $100 billion. The surge reflects growing optimism in Reliance’s long-term prospects, particularly in consumer, telecom, and green energy segments.
🔍 Expert Take:
“Reliance’s diversified bets are entering monetization phase, positioning it for a potential re-rating in FY26,” said a senior strategist at Nuvama Wealth.
🗞️ Tata kicks off iPhone assembly in India
Tata Electronics has officially started assembling iPhones at its Tamil Nadu facility, signaling Apple's accelerating shift to its “China+1” manufacturing strategy. The plant is expected to be a key piece of Apple’s goal to produce 25% of its iPhones in India by 2026.
🗞️ IOC Q4 profit surges 50%
Indian Oil Corporation reported a ₹7,265 crore profit in Q4, marking a 50% YoY jump thanks to higher refining margins and robust fuel sales. The board has proposed a final dividend of ₹3 per share.
🗞️ May to bring major personal finance changes
From increased ATM transaction charges to potential home loan rate cuts, May will usher in a slew of financial shifts. The new ITR window also opens, with simplified guidelines and pre-filled forms for salaried taxpayers.
🗞️ Varun Beverages profit rises 35%
PepsiCo’s bottling partner, Varun Beverages, posted a ₹726 crore Q4 profit, up 35% YoY. High summer demand and strong distribution helped boost topline growth. An interim dividend has also been announced.
🗞️ Ather CEO: Growth without discounting
Ather Energy is prioritizing tech-led scale over aggressive discounting. CEO Tarun Mehta said the company is ramping lithium-ion cell production to reduce cost dependencies ahead of its IPO.
🔍 Expert Take:
“Vertical integration in EV supply chains is key for cost leadership—Ather’s focus could pay off in the long run,” said an analyst at Avendus Capital.
🗞️ Private capex finds momentum in select sectors
Despite slowing investments elsewhere, sectors like hospitality, construction, education, and light manufacturing are expected to keep private capex alive in FY25, according to SBI’s latest outlook.
🗞️ CBDT simplifies ITR for AY 2025-26
New changes to ITR Forms 1 & 4 make tax filing easier for salaried employees and small business owners. The forms now include more pre-filled data and better integration with AIS and TIS systems.
📊 Market Updates
Nifty 50: 24,439.50 ▲ +0.18%
Sensex: 80,511.3 ▲ +0.15%
Bank Nifty: 55,235.70 ▲ +0.05%
USD/INR: ₹85.21 ▼ -0.06%
Brent Crude: $85.80 ▼ -0.27%
Bitcoin: $94,520 ▼ -0.32%