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GLOBAL NEWS | Fri, 3 Apr 2026, 12:52AM IST The administration announced new levies and made changes to existing tariffs for industries that have proved influential on the presidents trade policy.

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:52AM IST India's real estate market sees strong institutional investment. Domestic demand fuels nearly three-fourths of $1.6 billion inflows in the March quarter. Office assets lead with significant growth. Middle Eastern sovereign wealth funds are key long-term backers. Experts see sustained GDP growth attracting investor interest for decades.

Continue reading at Economic Times

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:46AM IST Indian charter operators are protesting a new jet fuel pricing policy. This policy doubles their fuel costs from April. Commercial airlines receive a subsidy, but charter operators do not. The Business Jet Operators Association calls the move discriminatory. They highlight charter flights' role in disaster relief and emergency services. This decision could hinder government initiatives for helicopter medical services.

Continue reading at Economic Times

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:42AM IST PNB Housing Finance has been directed by the National Housing Bank to disclose an additional 933 crore in bad loans for March 2023. This divergence arose from non-compliant loan restructurings in FY22-23, where interest rates were reduced for competitive reasons. The company states there is no current financial impact.

Continue reading at Economic Times

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:34AM IST India's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practices. The ministry is consulting with the National Financial Reporting Authority and the Institute of Chartered Accountants of India. This move aims to resolve regulatory disagreements and finalise auditing and quality management standards for implementation.

Continue reading at Economic Times

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INDIA NEWS | Fri, 3 Apr 2026, 12:28AM IST New Delhi: The Comptroller and Auditor General (CAG) flagged widespread irregularities in tax exemptions and deductions claimed by banks and non-banking financial companies (NBFCs), with a potential revenue impact of 74,766 crore, according to a report tabled in Parliament on Thursday.The report, based on a sample of 2,378 cases examined till June 2023 by the CAG, reviewed the Income Tax Department's handling of deductions and exemptions, and found systemic weaknesses, compliance failures and gaps in oversight across the sector. The CAG called for alignment between tax rules and central bank guidelines, and highlighted the need to address gaps in provisions governing NBFC taxation.The audit identified 1,847 observations, including 671 systemic issues and 533 compliance lapses. The largest discrepancies related to improper deductions for bad debts, provisions for doubtful loans and transfers to special reserves.

Continue reading at Economic Times

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:28AM IST Reliance Industries' special economic zone refinery will be exempt from new export duties on diesel and jet fuel. Court rulings have determined these duties are not applicable to SEZ refineries. The government recently imposed these levies to boost domestic supplies amid global disruptions. These taxes are subject to review.

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GLOBAL NEWS | Fri, 3 Apr 2026, 12:26AM IST Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works.

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:24AM IST The move is aimed at stabilising cash flows for developers grappling with higher input and logistics costs. Payments, typically released on a milestone or pro-rata basis under EPC and HAM contracts, will now be disbursed monthly for work meeting quality standards. Price adjustments and escalation dues will also be settled alongside these payments.

Continue reading at Economic Times

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INDIA BUSINESS | Fri, 3 Apr 2026, 12:02AM IST A government directive for Indian airlines to offer 60% of seats without extra charges has been paused. This decision follows strong opposition from carriers concerned about revenue loss and potential ticket price increases. The Ministry of Civil Aviation is reviewing the directive, considering operational and commercial impacts. The legality of the move, given airfare deregulation, is also under scrutiny.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:56PM IST The market, currently estimated at $300 million, is projected to exceed $3 billion by 2030. Unlike traditional long-form shows, these are vertical, episodic stories lasting one to two minutes, designed for mobile-first audiences. The format has seen explosive global growth, particularly in China, and is now gaining traction in India as viewing habits fragment across the day.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:46PM IST Flying training organisations in India have issued over 9,600 student pilot licences in the last five years. The year 2024 recorded the highest number of licences issued. The Directorate General of Civil Aviation is enhancing safety and training quality through a ranking framework and regular audits.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:23PM IST Medical stores will soon be required to install CCTV cameras. This new rule aims to ensure every sale is clearly recorded. The Drug Consultative Committee has agreed to this mandatory step. This move follows concerns about unregulated drug sales. A new mobile app or central portal will also track drugs prone to misuse.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:21PM IST The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence sought Sitharaman's intervention in the matter.

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:15PM IST Jio, on the other hand, continues to remain as the largest carrier and additions may not appear high due to the base effect

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INDIA MARKET | Thu, 2 Apr 2026, 11:12PM IST The government on Thursday "put in abeyance" its earlier direction to airlines to offer at least 60 per cent of seats in a flight without levying any additional charge from April 20, according to sources. On March 18, the civil aviation ministry ...

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INDIA MARKET | Thu, 2 Apr 2026, 11:11PM IST The exemption on a wide range of critical petrochemical products till June 30, 2026, is a temporary and targeted relief to shield domestic manufacturers from disruptions caused by the Iran war

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INDIA MARKET | Thu, 2 Apr 2026, 11:11PM IST Trump had also reportedly grown frustrated that Bondi was not moving quickly enough to prosecute critics and adversaries who he wanted to face criminal charges

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INDIA MARKET | Thu, 2 Apr 2026, 11:09PM IST President Donald Trump speaks about the Iran war from the Cross Hall of the White House.

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INDIA MARKET | Thu, 2 Apr 2026, 11:07PM IST Pam Bondi

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INDIA MARKET | Thu, 2 Apr 2026, 11:07PM IST The recent cast announcement of Brian Cox officially joining Dexter: Resurrection for its second season has sent a wave of excitement through the entire fanbase.

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:06PM IST India's pharmaceutical industry faces ongoing concerns about securing essential petrochemical supplies due to the West Asia conflict. While a customs duty waiver offers some cost relief, industry experts highlight supply chain disruptions and timely movement as the primary challenges. The government's intervention aims to stabilize supply and lower input costs for critical sectors.

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INDIA NEWS | Thu, 2 Apr 2026, 11:06PM IST New Delhi: Maintaining a steady supply of essential petrochemical inputs amid the West Asia conflict remains a concern for India's pharmaceutical industry, even though the government has waived customs duties on several of these products until June 30, according to industry executives.They said that while the duty waiver provides some cost relief to the sector, the main challenge is securing supplies and ensuring their timely movement."The government's decision to waive duties on select petrochemical products demonstrates its commitment to standing by the pharma industry but the far bigger challenge lies in ensuring the supply and timely movement of these materials," said Mehul Shah, a pharma industry expert.Shah pointed out that Saudi chemical giant SABIC declaring force majeure on methanol and styrene validates the industry's supply concerns.The disruption to shipping at the Strait of Hormuz has hit production of chemicals globally, especially in West Asia and Asia.The government on Thursday announced a temporary waiver on customs duty on over 40 critical petrochemical products, including anhydrous ammonia, methanol, styrene and polymers like PVC and PET chips.Namit Joshi, chairman of Pharmaceuticals Export Promotion Council of India (Pharmexcil), said it the duty waiver will be helpful only if the exporting nations maintain their invoicing price. "Unfortunately, that is beyond our control. Maximum benefit of duty-free imports which can be availed by us would not exceed 8.25%," he said.Rajiv Nath, forum coordinator, the Association of Indian Medical Devices Industry (AiMeD), said the government's intervention directly addresses the severe inflationary cost pressures faced by Indian medical devices manufacturers due to supply chain disruptions from the West Asia conflict."This will ensure supply stability, lower input costs for the sector, and support uninterrupted production of life-saving devices amid global volatility," he said. "This exemption will benefit not only medical devices but also pharmaceuticals, packaging and other downstream industries, ultimately easing burdens on healthcare providers and patients."Shipping routes through the Red Sea and the Strait of Hormuz, which are the critical arteries for global trade in energy and chemicals, have been facing mounting disruption. Many vessels have been rerouted around the Cape of Good Hope, adding weeks to delivery timelines and stretching the inventory buffers that pharma manufacturers typically maintain.Significantly, the restoration of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to its previous level, reversing an earlier 50% reduction in rates, has also been appreciated, with industry leaders saying it will meaningfully improve the global competitiveness of Indian medical devices and pharmaceutical exports."The recent reversal of the earlier 50% reduction in RoDTEP rates is a positive and encouraging move. It will significantly enhance the competitiveness of the Indian medical devices industry on the global stage and support export growth," said Himanshu Baid, managing director of Poly Medicure Ltd.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 Apr 2026, 11:05PM IST Nandita Sinha has been with the Flipkart group for over a decade.

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:03PM IST A host of global investors and Indian firms are positioning themselves to acquire IntelliSmart Infrastructure, signaling a vibrant growth phase for India's smart meter sector. The Indian government's visionary goal of deploying millions of smart meters by 2027 is a major catalyst for this surge.

Continue reading at Economic Times

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INDIA NEWS | Thu, 2 Apr 2026, 11:03PM IST Mumbai: More than half a dozen potential suitors including global investors Brookfield, Macquarie, KKR, and Actis are in early-stage talks to acquire IntelliSmart Infrastructure, said people familiar with the matter, reflecting strong investor interest in India's growing market for smart meters.Homegrown smart meter manufacturers such as Adani Energy Solutions, I Squared Capital-owned Polaris Smart Metering, GIC-backed Genus Power, and Apraava Energy are also evaluating the opportunity, the people said.IntelliSmart is owned 51% by India's sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and 49% by debt-laden Energy Efficiency Services Ltd (EESL).Promoters of IntelliSmart are seeking an enterprise valuation of about $700 million (6,520 crore), the people said.Deloitte is managing the sale process, with the interested parties expected to submit non-binding bids within a few weeks. 129986031 The potential sale coincides with the government's ambitious Revamped Distribution Sector Scheme (RDSS), which aims to install 250 million prepaid smart meters by 2027. The broader rollout is supported by an estimated 1.35 lakh crore investment through 2035 aimed at curbing power distribution losses.A spokesperson for Macquarie declined to comment. NIIF, EESL, KKR, Brookfield, Actis, Adani Energy, Apraava, Polaris, and Genus didn't respond to queries.Founded in 2019, IntelliSmart has made steady progress in India's smart metering rollout. The company has secured orders for around 22 million smart meters from various state utilities. However, only around 600,000 meters have been installed in Assam and about 500,000 in Uttar Pradesh so far.EESL-a joint venture of NTPC, Power Finance Corp, Rural Electrification Corp, and Power Grid Corp of India-has presence in multiple areas including electric car charging and smart metering. However, a large debt pile is believed to have prompted the sale of IntelliSmart.EESL had long-term borrowings of 6,045 crore as of March 31, 2025, compared to 7,070 crore a year earlier.Under RDSS, smart metering projects have been sanctioned for 45 distribution utilities across 28 states and union territories. About 40.5 million smart meters had been installed under the scheme as of January 15.Meter installation delays have been attributed to multiple factors, including right-of-way issues, limited consumer awareness, operational challenges faced by Advanced Metering Infrastructure Service Providers (AMISPs), and deferred inspections by discoms for commissioning approvals, according to a recent Crisil report. The report also noted that the delays could inflate project costs due to rising smart meter prices, potentially impacting projects' annualised returns.Meanwhile, global investors have been turning increasingly aggressive in India's smart meter market. In 2023, Singapore's GIC took a 74% stake in Jaipur-based Genus Power & Infrastructure for $2 billion to establish an AMISP platform. The same year, I Squared Capital acquired a controlling interest in Polaris Smart Metering Pte Ltd., committing up to $100 million to expand its presence.Apraava Energy has also expanded its footprint through subsidiaries Apraava Smart Meter and Apraava Kutch Saurashtra Smart Meter, executing smart metering projects, including a contract to install 690,000 prepaid smart meters in Assam and 2.4 million meters in Gujarat. In December, the company raised 800 crore from British International Investment and Standard Chartered to support its advanced metering infrastructure initiatives.Separately, UK-based fund Actis formed a joint venture with EDF India last year to create a dedicated platform for AMISP concessions.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 2 Apr 2026, 11:00PM IST Startup backed by First Round Capital and executives from Stripe, OpenAI and Apple develops AI-driven design tool integrating code and workflows

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INDIA MARKET | Thu, 2 Apr 2026, 11:00PM IST Brent crude jumped, trading about 6% higher at $107 a barrel, as Trump's comments dashed hopes of a quick end to the war.

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INDIA MARKET | Thu, 2 Apr 2026, 11:00PM IST The Navy chief also highlighted increasing challenges in maritime activity.

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INDIA BUSINESS | Thu, 2 Apr 2026, 10:58PM IST Nalco achieves record production and sales in FY26, with bauxite evacuation crossing 77 lakh tonnes and strong growth across alumina, aluminium and power operations

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INDIA MARKET | Thu, 2 Apr 2026, 10:56PM IST At present, 20% of the seats can be booked free of charge, while the rest are paid, according to industry executives.

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INDIA BUSINESS | Thu, 2 Apr 2026, 10:55PM IST JLR, Britain's largest carmaker, is owned by Tata Motors Passenger Vehicles and makes up close to 80 per cent of the Indian automaker's revenue

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GLOBAL NEWS | Thu, 2 Apr 2026, 10:55PM IST As the White House prepares to release its 2027 budget, President Trump said military protection, not social programs, took precedence.

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INDIA BUSINESS | Thu, 2 Apr 2026, 10:54PM IST Reserve Bank of India keeps bond structure intact but tightens rules with digital access, investor safeguards and stricter compliance norms

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INDIA BUSINESS | Thu, 2 Apr 2026, 10:53PM IST There has been a delay in the delivery schedule of engines for the LCA Mk-1A variant, which was criticised by Chief of Air Staff Air Chief Marshal A.P. Singh during the last edition of the Aero India in Bengaluru

Continue reading at The Hindu

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INDIA BUSINESS | Thu, 2 Apr 2026, 10:52PM IST The government has paused its order for airlines to provide at least 60 percent of flight seats without extra cost. This decision follows concerns raised by airlines about operational and commercial impacts. The earlier directive aimed to ensure fair passenger access. The provision is now on hold pending further review. Currently, 20 percent of seats are available for free booking.

Continue reading at Economic Times

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INDIA MARKET | Thu, 2 Apr 2026, 10:50PM IST Several people were injured in the strike, which was carried out by the United States and Israel, Iranian state media reported.

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INDIA MARKET | Thu, 2 Apr 2026, 10:47PM IST Shipping via the Strait of Hormuz is already disrupted.

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