🏦 Economy / Policy
• India’s fertiliser production recorded its weakest growth in 13 years in FY26, indicating stress in agri-input supply chains 📊
• The rupee weakened to around 93.5/$ after RBI eased forex curbs, even as corporates rolled over hedges aggressively 💱
• Core infrastructure output contracted ~0.4% YoY in March, reflecting early impact of energy bottlenecks and West Asia disruptions 📉
• Government is pushing for 100% ethanol blending in petrol, accelerating energy security and import substitution efforts 🛢️🌱
🏢 Companies / Sectors
• Indian exporters may not receive US tariff refunds, but improved pricing power is supporting margins 📈
• India’s 5G rollout has crossed 500,000 base stations, with Jio at ~250 million users, though coverage gaps persist and Vodafone Idea lags 📡
• Nestlé India reported 26% YoY profit growth to ₹1,114 crore in Q4 FY26, driven by strong revenue growth and domestic demand 🥫📈
• Bank of Maharashtra and PNB Housing Finance posted strong Q4 results, with profits rising ~35% and 19% YoY respectively, signalling strength in select financials 🏦📊
🌍 Global / World
• US President Trump has extended the ceasefire, offering temporary relief to global markets amid ongoing geopolitical tensions 🌍🕊️