Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
India's core sector output grew 1.7% in April, better than March's 1.2%. Electricity and cement production helped a lot. Rahul Agrawal said, "The uptick in growth in April related to March was largely driven by electricity generation, and cement." Some sectors slowed down, possibly because of global events.
Apollo Hospitals did really well, with their profit jumping 36% to ₹529 crore in the last quarter! They also plan to merge their maternity and fertility services with Cloudnine, a big move worth ₹1,550 crore. The company said "all business segments and all markets have shown robust growth."
)
India's core industries grew a bit, up to 1.7% in April. Cement and steel really helped things along, with cement production jumping 9.4%. This shows "industrial momentum" is picking up, even though some other areas like coal and oil are still struggling a bit.
Zydus Lifesciences' Q4 earnings surprised analysts, with higher sales in key markets like the US and India driving growth. The company is developing new products, but "timely launch will be key to sustaining momentum." Experts suggest accumulating the stock, setting a target price of ₹1,080.
India wants to team up with South Korea's strong military industry to boost its own defence production. Defence Minister Rajnath Singh met with Korean officials and urged them to "jointly develop and produce advanced technologies." They discussed expanding cooperation in many areas, aiming for joint development, production, and exports to make both countries stronger.
Apollo Hospitals saw its profit jump 36% to Rs 529 crore in Q4FY26! This happened because their hospitals, digital pharmacy, and clinics all did really well. The company said, "strong operating performance" really helped boost their earnings, showing good growth across all their main areas.
The CCI okayed Blackstone and others buying into Neysa Networks, an AI firm. This deal, announced in February, helps Neysa raise $1.2 billion. The company said this funding will "enable the country's AI revolution" by deploying over 20,000 GPUs in India, making Neysa a unicorn.
If you've switched to the new tax system, be aware that many popular deductions are gone for FY 2026-27. While it offers lower rates, you lose out on things like Section 80C and HRA. However, a standard deduction of Rs 75,000 is still available.
India's core industries grew a bit in May, up to 1.7 percent. Coal, steel, and cement did better, but oil and gas still struggled. This shows a slow recovery, with some parts doing well, like cement and electricity, while others, like fertilisers, are still down.
Hey, guess what? Cement companies might see their profits drop by up to 15% in 2027! ICRA says higher power, fuel, and selling costs, thanks to global issues, are the main reason. They warned, "Power and fuel costs are likely to increase by 10-12%". This could really pinch their earnings.
Saudi Arabia's oil exports hit a record low in March, dropping to 4.974 million barrels per day. This is the lowest since 2002. The ongoing Iran war has really messed with global energy markets, making it tough to get oil out. Analysts said "flows via the Strait of Hormuz were completely disrupted."
Selling property might not always be cheaper with the new 12.5% tax rate. It really depends on "indexation," which adjusts your buying cost for inflation. The old 20% rate with indexation could actually save you more money, as it lowers the taxable profit significantly.