🏛️Govt’s ₹51,463 Cr Boost, Zydus’ Global Expansion & Market Dips
Your daily dose of business news
🗞️ Zydus Lifesciences Acquires 85% Stake in Amplitude Surgical for €256 Mn
💊 Zydus Lifesciences is set to acquire an 85% stake in France-based Amplitude Surgical for €256 million, expanding its presence in the global orthopedic market. Read more
💬 Expert Opinion: "This acquisition strengthens Zydus' footprint in the orthopedic sector and aligns with its global growth strategy." – Ravi Mehta, Healthcare Analyst
🗞️ Godrej Agrovet Takes Full Control of Creamline Dairy for ₹930 Crore
🥛 Godrej Agrovet has acquired the remaining 36.92% stake in Creamline Dairy for ₹930 crore, making it a wholly owned subsidiary. Read more
💬 Expert Opinion: "This move will enhance Godrej Agrovet's dairy portfolio and strengthen its market position." – Anjali Sharma, FMCG Analyst
🗞️ Government Seeks Additional ₹51,463 Crore for Spending
💰 The Indian government has sought parliamentary approval for an additional ₹51,463 crore in expenditure, focusing on infrastructure and welfare projects. Read more
💬 Expert Opinion: "Increased government spending could stimulate economic growth in key sectors." – Rajiv Malhotra, Economist
🗞️ Dividend Payouts from CPSEs Expected to Hit Record Highs
🏛️ Dividend payouts from non-financial central public sector enterprises (CPSEs) are likely to reach new highs, boosting government revenues. Read more
💬 Expert Opinion: "Higher dividends from CPSEs indicate strong financial health and government focus on monetization." – Sanjay Desai, Investment Expert
🗞️ India’s Cotton Imports to Double Amid Falling Domestic Output
🌾 India's cotton imports are expected to double this year due to a shortfall in domestic production, affecting textile manufacturers. Read more
💬 Expert Opinion: "Rising imports could lead to higher textile prices, impacting domestic industries." – Kiran Patel, Commodity Analyst
🗞️ Government Seeks CMDs for Leading Power Firms
⚡ The government is scouting for chairpersons and managing directors (CMDs) to lead some of India’s biggest power sector firms, aiming for industry growth. Read more
💬 Expert Opinion: "Strong leadership in power firms is crucial for India's energy security and transition." – Vivek Reddy, Energy Policy Expert
🗞️ India Plans Special Purpose Vehicle for Domestic Aircraft Production
✈️ The government will set up a special purpose vehicle (SPV) to manufacture regional transport aircraft, aiming to boost India’s aerospace industry. Read more
💬 Expert Opinion: "This initiative could make India self-reliant in aircraft manufacturing and reduce import dependence." – Rohit Menon, Aerospace Analyst
🗞️ Bharti Airtel Partners with SpaceX’s Starlink for Satellite Internet
🌐 Bharti Airtel has signed an agreement with SpaceX’s Starlink to offer satellite-based internet services in India, expanding broadband access. Read more
💬 Expert Opinion: "Satellite internet can bridge connectivity gaps in rural India and enhance digital inclusion." – Sandeep Jain, Telecom Analyst
📊 Market Updates
📉 Sensex: Declined by 0.36%, closing at 74,102.32.
📉 Nifty 50: Fell by 0.3%, ending below 22,500.
💱 Rupee: Strengthened slightly to ₹86.95 against the U.S. dollar.
🥇 Gold: Trading at ₹88,003 per 10 grams in Delhi.
🥈 Silver: Priced at ₹102,000 per kg in Delhi.
🛢️ Brent Crude: At $83.20 per barrel.