Ankishinde

The government has procured 3.66 million tonnes wheat as of mid-April in the 2026-27 rabi marketing season, 48% lower from the previous year due to delayed harvesting and concerns over crop quality across key northern states. Procurement had been negligible at the start of April at 24,000 tonnes, down over 60% on year, according to Food Corp. of India data accessed by Informist.
To improve procurement, the Centre has accepted requests from states and relaxed quality specifications in Rajasthan and Haryana, and will soon ease them in Punjab as well, a government official said, adding that thi

Wipro Ltd.'s clients in the energy, manufacturing, and resources segment have not dramatically changed their strategies due to the military conflict in West Asia, the company's management told analysts in a post-earnings conference call late Thursday. While some manufacturing clients are looking for ways to secure supply chains, others are keeping a close watch on the input costs and are trying to tighten their budgets in view of the ongoing war. think some of the clients are waiting and watching...they're not dramatically changing their strategy. For example, what they're trying to do, espec

The Indian government is working to ensure the country gets preferential market access in the US under the Bilateral Trade Agreement, Commerce Minister Piyush Goyal said Monday. Both sides have almost finalised the trade agreement, Goyal said. "We are now just dotting the i's and crossing t's," Goyal told members of the press.
Goyal's comments come at a time when an Indian delegation led by India's chief negotiator Darpan Jain is in Washington to hold talks. The three-day talks end on Wednesday. This is the first meeting between officials from both sides since the US Supreme Court scrapped t

India and South Korea have agreed to review the free trade agreement, with New Delhi keen on rewriting some chapters of the pact, Commerce and Industry Minister Piyush Goyal said Monday. The two sides agreed to review the FTA during South Korean President Lee Jae Myung's visit to New Delhi.

The existing FTA, implemented in 2010, is not beneficial for India, Goyal said, adding that India's trade deficit with South Korea tripled after the FTA was signed. India is willing to renegotiate and rewrite chapters under the agreement, Goyal said.

UltraTech Cement Ltd. is likely to report healthy growth in its top line and bottom line for the March quarter, largely mirroring the overall trend in the cement sector during the quarter, according to analysts. The increase in the company's top line is expected to be driven by higher volumes owing to more construction activity despite cement demand tapering in March due to the West Asia crisis, and an improvement in realisations from blended cement, analysts said. The company's bottom line is likely to benefit from higher operating leverage.

The country's largest cement manufacturer is l

Tata Motors Ltd.’s commercial vehicle despatches in March rose to the highest level since March 2023, but the year-on-year growth rate slowed to the lowest in the last five months, according to a notice by the company to the stock exchanges Wednesday.
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.In March, the monthly double-digit YoY sales

India's goods and services tax collections, excluding cess, grew 8.8% on year to INR 2.001 trillion in March, government data released Wednesday showed. Including cess, the GST mop-up rose 2.1% on year to INR 2.002 trillion. The government's total GST collections for 2025-26 (Apr-Mar), excluding cess, were 22.271 trillion, up 8.3%.
Including cess, the government's total GST collections in FY26 were INR 23.258 trillion, up 5.6%. As per the revised Budget estimates, the government's GST collections in FY26 were projected to grow 5.4% on year. "India's GST collections in FY26 provide a strong f

Fitch Solutions company BMI has forecast global gold prices to fall and average $4,600 per ounce in 2026. It also expects prices to remain under pressure as the year progresses due to inflation concerns from higher oil prices on the back of the US-Iran war, fuelling a hawkish pivot in the US Federal Reserve's rate policy.
Gold has been on a strong rally since 2024, with the highest level on record reached on Jan. 29 at $5,645.6 per ounce, driven by geopolitical conflicts and renewed questions on the US Fed's independence, it said in a report. However, after the war in Iran broke out on Feb.

The Reserve Bank of India's move Friday to tighten control over banks' foreign exchange positions will help to curb the build-up of speculative bets against the rupee, analysts and traders said. However, the RBI's focus on this short-term gain comes at the cost of stepping back from its aim of gradual capital account convertability of the rupee, they said.

The central bank, post market hours Friday, mandated banks to ensure that their net open rupee positions in the onshore deliverable foreign exchange market should not exceed $100 ‌million at the end of each business day, latest by Apr. 1

The Lok Sabha passed the Finance Bill 2026 on Wednesday. Following this, the Rajya Sabha will discuss and return the money bill, which includes amendments to effect tax changes announced in the Budget for 2026–27 (Apr-Mar).
The provisions in the Finance Bill aim to improve liquidity as well as lower compliance burden for taxpayers, Finance Minister Nirmala Sitharaman said in the Lower House while replying to the discussion on the bill. The government aims to improve ease of living through the proposed amendments to the bill, Sitharaman added.

India will upgrade its trade agreement with South Korea within a year, seeking to boost bilateral trade to $50 billion by 2030, Prime Minister Narendra Modi said Monday.
Addressing a joint press briefing with visiting South Korean President Lee Jae Myung, Modi said the two countries have taken “important decisions” to boost bilateral trade. “In order to ease financial flows, we have decided to form India Korea Financial Forum. To hike business cooperation, we have formed an industrial cooperation committee,” Modi said.

Prices of chana are expected to remain range-bound, while prices of tur and urad could stay under pressure in the near term, the India Pulses and Grains Association said in its weekly report Monday. Chana prices could be range-bound amid low demand, ongoing arrivals and imports, and the government's procurement, the association said. Tur and urad prices are seen down due to slowdown in seasonal demand and ample availability, it said.
Chana prices are expected to remain range-bound in the near term amid low demand, ample supply, and the government's ongoing procurement, the association said.

UTI Asset Management Co. Ltd.'s net profit for the quarter ended March is expected to decline due to fall in market share and low treasury income, according to brokerages tracking the company. Higher costs are also expected to eat into its profitability, brokerages said.
The asset management company is expected to post a net profit of INR 991.63 million for the quarter, down 20% on year, according to the average of estimates from eight brokerages. Sequentially, the company's net profit is likely to fall 57%. The asset manager will detail its financial results for the quarter and year ended M

Prices of wheat and rice were unchanged and prices of maize were unavailable in key spot markets across the country, traders said. Wheat prices are steady and likely to remain so in the near term amid some need-based demand and the government's procurement, they said. Rice prices are unchanged on limited domestic demand amid tight supplies, they said. Maize prices were unavailable as some markets were shut for Akshaya Tritiya, they said.
WHEAT prices in Kota, Rajasthan, were unchanged at INR 2,325-INR 2,370 per 100 kg, said Ravi Mehta, a local trader. Arrivals fell by 40,000 bags to 80,000

The Bharatiya Janata Party wrested West Bengal from Mamata Banerjee’s All India Trinamool Congress while retaining Assam by a wide margin as the results of the assembly elections held in four states and one Union territory in three phases on Apr. 9, Apr. 23 and Wednesday poured in Monday. While the victory of the Indian National Congress-led United Democratic Front in Kerala did not come as a surprise, in neighbouring Tamil Nadu, the newbie Tamilaga Vettri Kazhagam led by actor-turned-politician Vijay Joseph Chandrasekhar thumbed its nose at a majority of exit polls and political pundits and

The Securities and Exchange Board of India on Monday approved the change in control of RBL Bank with regard to the ongoing acquisition of "certain" shareholding by Emirates NBD Bank in the Indian lender, RBL Bank said in an exchange filing. The Dubai-based lender has proposed to buy up to 60% stake in the Indian private-sector bank, and the Competition Commission of India has already approved it on Jan. 20.

The proposal comprises a mandatory open offer under SEBI's norms, representing up to 26% of the expanded voting capital of the bank. This would be followed by a preferential allotment o

After incidents of lawyers using artificial intelligence tools to draft their petitions, cases of judges using the technology to draft judgments are coming to light. The Delhi High Court has prima facie found that a district judge in Saket used AI tools to draft orders. "The manner of drafting and the manner in which the text distinguishing the case laws is set out in the impugned judgement, prima facie, gives an impression that there is some AI (artificial intelligence) software which may have been used for the same," said a bench of Justice Prathiba M. Singh and Justice Madhu Jain.
However

The real estate major saw limited impact on demand due to the war in West Asia, which began on Feb. 28. "I would say around March last two weeks, we did see some amount of impact... you (the company) could have probably done an INR 1,000-odd crores (INR 10 billion) more (in revenues) and would have loved to even actually deliver 20% growth last year. That was a sort of an internal target," an official said. Given that the war is still ongoing, the company is cautiously optimistic on demand sentiment.