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🗞️ Piyush Goyal Urges Industry to Leverage EFTA Pact
Union Minister Piyush Goyal urged Indian businesses to take advantage of the India–EFTA Trade and Economic Partnership Agreement.
The pact is expected to unlock new opportunities for exports, investment flows, and deeper integration with European markets.
💬 Expert Take — “Strategic trade agreements like EFTA can significantly expand India’s export footprint and strengthen supply chain integration with advanced economies.”
🗞️ Sugar Mills Revenue Seen Growing 5–8% in FY26
India’s sugar mills are expected to record revenue growth of 5–8% in FY26, driven by improved sugarcane supply and stable demand.
The sector continues to benefit from favourable agricultural conditions and policy support.
🗞️ India’s Trade Deficit Narrows to $27B
India’s trade deficit narrowed to $27 billion in February, supported by steady exports and easing import pressures.
The improvement signals a gradual stabilization in India’s external trade balance.
🗞️ Airport Lounge Access Rules to Change
New airport lounge access rules will take effect from April, impacting debit and credit card users across major airports.
The changes are aimed at managing crowding while maintaining premium travel experiences.
🗞️ PhonePe IPO May Be Boosted by ESOP Structure
The upcoming PhonePe IPO could see strong investor interest as the company’s ESOP structure highlights significant employee ownership and value creation.
The ESOP pool reflects the fintech giant’s rapid growth trajectory.
🗞️ Bandhan Bank Shares Fall 7%
Bandhan Bank shares fell nearly 7% after reports that promoters are exploring a stake sale to facilitate investor exits.
The development triggered concerns among investors over potential dilution.
🗞️ MakeMyTrip Evaluates India IPO
MakeMyTrip is evaluating an India IPO as part of a restructuring that merges RedBus into its local entity.
The move could strengthen the company’s domestic market presence.
💬 Expert Take — “A domestic listing could help MakeMyTrip unlock valuation advantages and attract Indian institutional investors.”
🗞️ SEBI Clears TravelPlus, Tea Post IPOs
The SEBI has approved IPO proposals for TravelPlus and Tea Post, while Learnfluence Education has withdrawn its draft papers.
The approvals signal continued activity in India’s primary markets.
📊 Market Update
📈 Sensex: 75,502.85 ▲ 938.93 pts (+1.26%)
📈 Nifty 50: 23,408.80 ▲ 257.70 pts (+1.11%)
🪙 Gold (per gram): 24K ₹15,742 ▼ ₹224 | 22K ₹14,430 ▼ ₹205
🥈 Silver (per kg): ₹2,70,000 ▼ ₹5,000