Government Wants More Capex
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🗞️ FinMin Urges CPSEs to Ramp Up Capex
The Finance Ministry has directed large central public sector enterprises (CPSEs) and key implementing agencies to fast-track capital expenditure in Q2, aiming to support GDP growth amid global headwinds.
💬 Expert Take:
“Infrastructure-led growth remains India’s lever. Capex acceleration will buffer global shocks,” says Ajay Tiwari, Economist at India Ratings.
🗞️ Exporters Face 20% Logistics Cost Hike
Exporters may soon pay up to 20% more for logistics due to rising marine insurance premiums, tighter vessel availability, and disruption in the Red Sea region.
🗞️ Stock Markets Drop Nearly 1% on Oil Tensions
Equity markets fell sharply, with Sensex and Nifty sliding nearly 1%, driven by surging oil prices and geopolitical instability in the Middle East.
🗞️ Rupee Falls to ₹86.07 vs USD
The rupee weakened by 55 paise to close at ₹86.07 against the dollar as investors shifted to safe-haven assets following the global market sell-off.
🗞️ Israel-Iran Conflict May Raise India's Oil Costs by 50%
Indian oil importers may face a 40–50% surge in export-related costs, warns the trade ministry, as Middle East tensions disrupt shipping lanes.
💬 Expert Take:
“Extended disruptions could fuel inflation in India’s energy, transport, and food sectors,” notes Priya Jindal, Energy Analyst, Crisil.
🗞️ Sun Pharma Names New MD in Major Reshuffle
Sun Pharmaceutical Industries appointed Kirti Ganorkar as Managing Director, while founder Dilip Shanghvi will transition into the role of Executive Chairman, focusing on strategic vision.
🗞️ LIC Eases Claims for Air India Crash Victims
LIC has simplified documentation requirements for insurance claims related to the recent Air India crash to ensure swift relief for affected families.
🗞️ HomeEssentials Raises $22 Million for Expansion
HomeEssentials, a home products startup, has raised $22 million to expand retail, inventory, and logistics operations across major Indian cities.
Market Updates
📉 Sensex: 81,118.60 ▼ 573.38 (−0.70%) ·
📉 Nifty 50: 24,718.60 ▼ 169.60 (−0.68%) ·
💵 USD/INR: ₹86.07 (rupee weakened amid oil-price surge) ·
🛢️ Brent Crude: ~$77.20 ▲ ~11.3% intraday on Middle East tensions
🪙 Bitcoin: ~$112,830 ▲ slightly (holding steady near recent highs)
🪙 Gold (24K): ~$3,436/oz ▲ ~1.5% on safe‑haven demand