📢 From Saudi Billions to Flipkart's Comeback – India Shines 🌟
Your daily dose of business news
🗞️ Saudi investments in India soar 60x in a decade
Saudi Arabia's investments in India have surged from just $50 million in 2013 to $3 billion in 2023. The growth reflects stronger bilateral ties and strategic interests in energy, infrastructure, and fintech.
🔍 Expert Opinion: “India’s infrastructure and digital story is drawing global capital — Saudi being the latest aggressive player,” said a global investment strategist.
🗞️ HCL Tech Q4 profit up 8%, ₹18 dividend announced
HCL Technologies posted an 8% YoY rise in net profit to ₹4,307 crore. The company declared a ₹18/share dividend and saw stable demand for engineering and cloud services despite macro uncertainties.
🗞️ Flipkart to shift legal base from Singapore to India
Flipkart plans to return its headquarters to India from Singapore, aligning with the government’s push to “Make in India” and “List in India.” This move could pave the way for a much-anticipated IPO.
🗞️ 360 One to acquire UBS India’s wealth business
360 One will buy UBS’s India wealth arm for ₹307 crore. The deal boosts its position in the ultra-high-net-worth segment, adding ₹38,000 crore in AUM to its portfolio.
🗞️ IndusInd Bank slips 6% on ₹600 crore audit issue
IndusInd Bank shares dropped over 6% after it brought in EY to audit a ₹600 crore discrepancy linked to its microfinance arm. The probe has raised investor concerns ahead of earnings season.
🗞️ Havells Q4 revenue up 12%; cables, Lloyd lead growth
Havells India posted a 12% YoY revenue rise in Q4, driven by its cable segment and Lloyd appliances. The company declared a ₹6/share dividend as it eyes further expansion in Tier 2 and 3 cities.
🗞️ Google settles Android TV antitrust case with ₹20 crore fine
Google agreed to pay a ₹20 crore penalty to settle India’s antitrust probe over its Android TV dominance. The Competition Commission had accused it of stifling competition among smart TV manufacturers.
🗞️ Trump tariff fears hit global outlook; IMF trims India GDP forecast
The IMF lowered India's 2025 GDP growth forecast to 6.2%, citing global trade uncertainties and expected tariff shocks if Donald Trump returns to office. Still, India remains relatively stable compared to global peers.
📈 Market Updates (April 22, 2025)
📊 Sensex: 79,930.87 🔼 +0.41%
📊 Nifty 50: 24,241.50 🔼 +0.24%
💵 USD/INR: ₹85.09 🔻
🪙 Gold (24K): ₹9,840/gm 🔼
🪙 Silver: ₹1,01,300/kg 🔼
🛢️ Brent Crude: $66.90/barrel 🔼