💊Cipla's 30% Profit Surprise
Your daily dose of business news
🗞️ Retail Inflation Eases to 3.16% in April
India’s retail inflation cooled to 3.16% in April from 3.34% in March, largely driven by lower food prices. This is the third consecutive month inflation has remained below the RBI’s 4% target.
💬 Expert Take: "This consistent moderation in inflation supports a stable rate environment and may encourage private consumption," said Aditi Nayar, Chief Economist at ICRA.
🗞️ LIC Raises Stake in Bank of India
LIC has increased its stake in Bank of India to 8.38% by acquiring over 5.6 crore shares via open market purchases. This signals strong institutional confidence in the public sector bank’s prospects.
🗞️ HAL Targets ₹3,000 Cr Capex for FY26
Hindustan Aeronautics Ltd (HAL) is planning ₹3,000 crore in capex for FY26, focusing on production upgrades and expansion. It will also monetize non-core land in Delhi to free up capital.
💬 Expert Take: "This capex will boost indigenous defense manufacturing and aligns with India's Atmanirbhar Bharat mission," said defense analyst Ankur Bhatia.
🗞️ Cipla Q4 Profit Jumps 30%
Cipla posted a 30% YoY rise in profit at ₹1,222 crore for Q4 FY25, driven by strong domestic sales and cost efficiencies. Revenue also saw healthy growth across key therapeutic segments.
🗞️ Indian Firms Eye UK’s £20 Billion Clean Energy Market
Indian manufacturers of wind turbines and solar modules are preparing to tap into the UK's clean energy sector, targeting a £20 billion opportunity. This comes as the UK aggressively scales up its renewable energy ambitions.
🗞️ More Investment Choices for SBI Employees via NPS
The National Pension System (NPS) has widened its investment options for public sector bank employees, allowing greater flexibility and long-term return potential for their retirement planning.
🗞️ Yamini Rangan’s Sunday Rituals Inspire
HubSpot CEO Yamini Rangan shared she enjoys working Sundays for deep thinking and writing. As CEO of a $34 billion tech firm, she believes in finding joy in work, not just balance.
🗞️ Insolvency Law Frustrates Lenders
India’s Insolvency and Bankruptcy Code is under scrutiny as delays and reversals erode lender confidence. Recent legal setbacks have raised calls for reforms to ensure quicker and more predictable resolutions.
📊 Market Updates (as of 13 May 2025)
📉 Sensex: 81,148.22 ▼ -1.55%
📉 Nifty 50: 24,578.35 ▼ -1.39%
💵 USD/INR: ₹84.79 ▼ -0.08%
🛢️ Brent Crude: $84.92 ▲ +0.51%
🪙 Bitcoin: $103,000 ▼ -1.90%
🪙 Gold (MCX): ₹92,975 per 10g ▼ -₹6,500 from recent high