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GLOBAL NEWS | Sat, 2 May 2026, 5:30PM IST The administrations decision to relax federal regulations on medical marijuana comes with big tax breaks for many cannabis companies, and could drive new investment in the budding sector.

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INDIA MARKET | Sat, 2 May 2026, 5:27PM IST Avenue Supermart's Q4 Ebitda margin improved to 6.84% from 6.42% in the same period last year.

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INDIA MARKET | Sat, 2 May 2026, 5:25PM IST DMart Q4 Results: Avenue Supermarts, the operator of DMart, on Saturday reported a net profit of Rs 656.6 crore for the March quarter of FY26, marking a jump of 19% from Rs 550.90 crore posted in the corresponding quarter of the previous financial year. The net profit is attributable to the equity holders of the company.

Continue reading at Economic Times

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INDIA MARKET | Sat, 2 May 2026, 5:25PM IST Highlighting the broader vision, the deputy CM said the initiative is aimed at reaching those who usually do not get such opportunities.

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INDIA BUSINESS | Sat, 2 May 2026, 5:16PM IST Commercial LPG cylinder prices have surged, impacting Delhi's food businesses. Restaurant owners and street vendors warn of higher menu rates and potential job losses. This steep hike, linked to global energy prices, is causing significant financial strain. Many businesses are exploring alternatives like piped natural gas.

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INDIA MARKET | Sat, 2 May 2026, 5:16PM IST Q4 Results live updates: Track revenue, profit, margin and outlook from 26 companies including Avenue Supermarts, Kotak Mahindra Bank and APL Apollo Tubes.

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INDIA MARKET | Sat, 2 May 2026, 5:16PM IST Central Depository Services (India) has reported 20.5% fall in consolidated net profit to Rs 79.79 crore despite a 17.1% rise in revenue from operations to Rs 262.85 crore in Q4 FY26 as compared with Q4 FY25.

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INDIA MARKET | Sat, 2 May 2026, 5:16PM IST VST Tillers Tractors reported a strong 50.12% year-on-year growth in total sales for April 2026, with volumes rising to 3,483 units compared to 2,320 units in April 2025.

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INDIA MARKET | Sat, 2 May 2026, 5:11PM IST In the Magrahat Paschim assembly constituency, 11 polling stations and four in Diamond Harbour were ordered to have new elections.

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INDIA MARKET | Sat, 2 May 2026, 5:05PM IST The EC also announced tighter access control measures at counting centres, mandating entry only through QR code-based photo identity cards issued via its ECINet system.

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INDIA MARKET | Sat, 2 May 2026, 5:04PM IST Sales rise 14.12% to Rs 6075.98 crore

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INDIA MARKET | Sat, 2 May 2026, 5:04PM IST Sales rise 25.24% to Rs 161.73 crore

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INDIA MARKET | Sat, 2 May 2026, 4:55PM IST Love Insurance Kompany is all set to make its digital debut.

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INDIA BUSINESS | Sat, 2 May 2026, 4:54PM IST The worlds largest container shipping company, MSC Mediterranean Shipping Company, is launching a new EuropeMiddle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.

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INDIA MARKET | Sat, 2 May 2026, 4:50PM IST TVS Motor Company reported a 7% year-on-year increase in total sales for April 2026, with overall volumes rising to 473,970 units compared to 443,716 units in April 2025.

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INDIA MARKET | Sat, 2 May 2026, 4:50PM IST Sales rise 17.29% to Rs 736.16 crore

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INDIA MARKET | Sat, 2 May 2026, 4:50PM IST Sales rise 12.49% to Rs 61.34 crore

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INDIA NEWS | Sat, 2 May 2026, 4:47PM IST India is preparing for a blistering summer until monsoon rains arrive in June, with above-normal heat already straining power grids at a time when the country is grappling with energy shortages. Heat waves are forecast to persist for longer than usual in densely populated states of western and eastern India, the countrys weather forecaster said on Friday.Areas like Gujarat, Maharashtra and parts of the foothills of the Himalayas will see more days of unusually high temperatures in May, typically the peak of the pre-monsoon summer.Also Read: India in the hot seat as blackout risks rise with temperatureOther regions will also witness heat wave days but for shorter periods, the India Meteorological Department said in a briefing that overall predicted normal to below-normal maximum temperatures for this month. It had earlier forecast a higher than usual number of heat days for May and June.The news will bring scant relief to a country struggling to cope under the combined pressure of warmer-than-usual April days and the fallout from the war in the Persian Gulf. With vital energy suppliers cut off from world markets, India has been left short of crude, liquefied natural gas and liquefied petroleum gas, used for cooking.Data from digital air-quality monitoring platform AQI earlier this week showed that every one of the 50 hottest cities in the world were in India.India occupied the entire list, from rank 1 to rank 50, AQI said in a report. This is not a normal April. And it demands a serious, data-grounded reckoning.130715177The rankings are based on sustained temperatures through 24 hours of the day on April 27. A city can report a scorching afternoon maximum, but could rank lower if it cools off during the nights, AQI said, explaining the methodology.At the top of the list was Banda, an arid town in the water-starved Bundelkhand region of Uttar Pradesh. According to AQI, it hit a top temperature of 46.2C (just over 115F) during the day but its lowest, which typically comes after the midnight, was 34.7C, a level higher than what most of Europe considers a dangerous summer heat wave. (IMD put the maximum on the day at an even loftier 47.6C.)All the while, heat is pushing up electricity demand to unprecedented levels, triggering blackouts as infrastructure and generation struggle to cope. Temperatures have surged beyond 40C (104F) in April punishing levels, given the humidity and nights offer only mild relief, forcing residents to run cooling appliances around the clock.Also Read: IMD sees above-normal heatwave MaydaysThe IMD said above-normal minimum temperatures were likely in May over many regions.The impact of climate change is more on night temperatures. In the long-term, the temperatures are seeing a rising trend, said Mrutyunjay Mohapatra, director general of meteorology at IMD, adding cloudy conditions trapped heat and exacerbated the problem.The resulting demand for round-the-clock power is testing the ability of Indias electricity system to provide uninterrupted supply.The rapid addition of renewable capacity over the past decade and the more recent revival of coal-fired generation have ensured there is enough power-station capacity to meet daytime requirements. But without solar, which accounts for about 30% of total generation capacity, nights are a challenge.All the more so with LNG imports hampered by the war, starving gas-powered plants that can provide a vital bridge. Almost 21 gigawatts of coal and nuclear power capacity, meanwhile, were under maintenance shutdowns as of Tuesday, according to government data, mostly due to forced outages.Since temperatures shot up this April, India has reported night-time shortfalls of as high as 5.4 gigawatts the equivalent of serving roughly 2.7 million rural homes.El Nino conditions are expected to prevail during the monsoon season from June to September, the IMD said during its Friday briefing, suggesting a risk to rainfall that could further stress the power grid due to increased use of electricity for farm irrigation and a prolonged dependence on cooling.With blackouts becoming more frequent, residents have aired complaints on social media and, in some cases reported by local media, on the streets. In Punjab, among the earliest provinces to be hit by scheduled blackouts, the main opposition party Shiromani Akali Dal has organized a protest.Another simpler factor is also leaving Indian households in the dark the impact of high heat on power equipment, as overloading compounds stress created by sweltering temperatures.Consumers need to be more diligent, said Sarnath Ganguly, senior vice president at Noida Power Co. Ltd., which distributes power in Noida, an industrial city bordering New Delhi. Distribution companies should identify overloaded transformers and improve capacity well before the summer, he said.Both sides need to maintain such discipline to prevent outages, Ganguly said.

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INDIA MARKET | Sat, 2 May 2026, 4:42PM IST Adani Ports' board announced a dividend of Rs 7.5 per share.

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INDIA MARKET | Sat, 2 May 2026, 4:38PM IST Life Insurance Corporation of India (LIC) will continue to have a separate cap, permitting up to 20% foreign investment through the automatic route.

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INDIA BUSINESS | Sat, 2 May 2026, 4:37PM IST The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign investors to fully invest in the sector without prior approvals, according to a report by ET Now citing agencies.

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INDIA BUSINESS | Sat, 2 May 2026, 4:33PM IST The choice of a new CEO comes at a crucial time for Air India, which is grappling with heavy losses, heightened regulatory scrutiny after a deadly crash last year, and operational disruptions from the Iran war, which has driven up costs

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INDIA MARKET | Sat, 2 May 2026, 4:31PM IST Indus Towers reported a marginal increase in its consolidated net profit for the fourth quarter of FY26, with profit after tax (PAT) rising to Rs 1,792.9 crore from Rs 1,779.1 crore in the corresponding quarter last year.

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INDIA MARKET | Sat, 2 May 2026, 4:31PM IST Sales rise 17.11% to Rs 262.85 crore

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INDIA MARKET | Sat, 2 May 2026, 4:31PM IST Sales rise 15.09% to Rs 369.05 crore

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INDIA MARKET | Sat, 2 May 2026, 4:31PM IST Sales rise 12.60% to Rs 2649.48 crore

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INDIA NEWS | Sat, 2 May 2026, 4:28PM IST New Delhi: Fair trade regulator CCI, for the second time, rejected a plea filed by AGI Greenpac Ltd challenging the green channel approval granted to the Independent Sugar Corporation Ltd for the acquisition of Hindusthan National Glass & Industries (HNG).In its latest order dated April 20, the Competition Commission of India (CCI) stated, "There is no merit in the concerns raised by AGI. Accordingly, the representation and follow-up letters are disposed of... and no further orders or directions are required to be passed upon the submissions of AGI."Also Read: INSCO pays creditors 1,851 crore to complete Hindusthan National Glass buyThe order noted that AGI Greenpac had filed an application seeking revocation of the deemed approval granted to Independent Sugar Corporation Ltd (INSCO) under the green channel route.Later, it contended that previously undisclosed equity participants had been brought into the deal structure and that the controlling stake had effectively been transferred to such parties.The company also raised concerns regarding possible overlaps and sought cancellation of the deemed approval along with regulatory action.According to the order, the notified transaction envisaged cancellation of the entire existing shareholding of HNG.Thereafter, INSCO through its special purpose vehicle (SPV) would subscribe to the freshly issued 100 per cent equity share capital of HNG.Later, INSCO was also to offer a 5 per cent non-controlling minority stake to certain lenders of HNG.Rejecting the objections, CCI said acquisition of shares by KRPV Fire Fite Pvt Ltd, a wholly-owned subsidiary of INSCO, was not inconsistent with the original filing since the acquisition had been envisaged through an SPV structure.Also Read: Energy, exports and efficiency: HNGILs roadmap to global competitivenessThe competition watchdog observed that there were no horizontal, vertical or complementary overlaps between the activities of KRPV and HNG.Therefore, no materially different market dynamics arose from the revised structure that would warrant interference with the deemed approval.On AGI Greenpac's objection regarding nominee shareholders subscribing to one equity share each, the Commission said such nominal holdings with no rights were insufficient to infer any material change in the notified combination.CCI also rejected AGI's allegation regarding the participation of IFC as an equity investor after INSCO stated IFC had not subscribed to any equity shares of either HNG or KRPV.In July last year, CCI dismissed the objections raised by AGI Greenpac Ltd regarding the green channel approval granted to Uganda-based Independent Sugar Corporation for the proposed acquisition of debt-ridden Hindusthan National Glass & Industries.INSCO had proposed to acquire 100% of HNG's fresh equity, with a 5% minority stake. The filing was made through the green channel route and was deemed approved on submission.Initially, AGI Greenpac was the frontrunner for HNG with a bid of Rs 2,752 crore. However, the Supreme Court in January 2025 rejected the bid on the grounds that the company did not have a CCI approval for the acquisition.INSCO had moved the court to cancel AGI Greepac's bid because the company had not received CCI approval.

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INDIA BUSINESS | Sat, 2 May 2026, 4:16PM IST The Ministry of Power has updated its 'Make in India' rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic industries to grow their capacity.

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INDIA MARKET | Sat, 2 May 2026, 3:55PM IST CDSL Q4 Results: Central Depository Services Limited reported a mixed Q4 FY26 performance, with revenue growing 17.1% to Rs 262.85 crore, but net profit declining 20% to Rs 80.22 crore. The company surpassed 18 crore demat accounts, highlighting growing investor trust despite profitability pressures. Full-year net profit for FY26 also saw a 14% decrease.

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INDIA MARKET | Sat, 2 May 2026, 3:52PM IST Iran said that it would not engage in talks about the Strait of Hormuz or its nuclear energy program.

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INDIA MARKET | Sat, 2 May 2026, 3:50PM IST Ramkrishna Forgings has reported 72% fall in consolidated net profit to Rs 55.94 crore despite a 28.5% rise in net sales to Rs 1216.78 crore in Q4 FY26 as compared with Q4 FY25.

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INDIA MARKET | Sat, 2 May 2026, 3:50PM IST Sales decline 4.93% to Rs 6.75 crore

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INDIA MARKET | Sat, 2 May 2026, 3:50PM IST Sales rise 1.32% to Rs 36.90 crore

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INDIA MARKET | Sat, 2 May 2026, 3:46PM IST A special bench of Justices P S Narasimha and Joymalya Bagchi said the Election Commission can choose the counting personnel, and its April 13 circular, which provides for deployment of state government employees as well, cannot be said to be incorrect.

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INDIA MARKET | Sat, 2 May 2026, 3:38PM IST Garden Reach and Mazagon Dock dividend FY26 compared. Payouts look similar, but yield tells a different story investors should not ignore.

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INDIA MARKET | Sat, 2 May 2026, 3:36PM IST Foreign investors are not avoiding India due to AI exposure or tax issues, according to investor Shankar Sharma. Data shows markets with little AI have outperformed. India's own past performance contradicts the AI dependency narrative. FII flows and taxation show a weak link to market direction. Global markets perform well regardless of AI.

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INDIA MARKET | Sat, 2 May 2026, 3:32PM IST Millions of users received loud test alerts as India rolled out its Cell Broadcast Alert System, designed to deliver instant disaster warnings without delays or network congestion

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INDIA BUSINESS | Sat, 2 May 2026, 3:32PM IST Air India is reducing flights due to soaring jet fuel costs and airspace issues. International operations are becoming unprofitable. Further schedule trims are planned for June and July. Domestic flights are also affected but less severely. The airline is increasing fares and adding fuel surcharges. Air India is also working on long-term transformation plans.

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INDIA MARKET | Sat, 2 May 2026, 3:30PM IST CDSL board declared a final dividend of Rs 12.75 per share for the financial year.

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INDIA MARKET | Sat, 2 May 2026, 3:26PM IST According to a notification issued by the Department of Personnel and Training (DoPT), his tenure will take effect on or after May 3.

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INDIA MARKET | Sat, 2 May 2026, 3:25PM IST Kotak Mahindra Bank Q4 Results: Kotak Mahindra Bank on Saturday reported a net profit of Rs 4,026.55 crore for the March quarter of FY26, marking a jump of 13.3% from Rs 3,552 crore posted in the corresponding quarter of the previous financial year.

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INDIA MARKET | Sat, 2 May 2026, 3:25PM IST The new branch marks a step in the bank's effort to reimagine secure banking by bringing together advanced automation, superior security, and differentiated customer experience through sophisticated locker services, Axis Bank said in a statement.

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