Reliance Consumer Products is in preliminary talks to acquire a majority stake in Shunya, a zero-sugar fruit drink brand owned by Baidyanath Group’s Naturedge Beverages. This potential acquisition aligns with Reliance’s strategy of expanding its beverage portfolio and entering the healthy, functional drink category.
The Income Tax Department has facilitated online ITR-3 filing for AY 2025-26, benefiting individuals with income from share trading, business ventures, and unlisted shares. Key updates include mandatory Form 10-IEA selection, revised capital gains reporting, and higher asset/liability reporting thresholds. Filers must also provide detailed disclosures on TDS sections and deductions.
Tata Motors is reportedly on the verge of acquiring Italian truck manufacturer Iveco from the Agnelli family for $4.5 billion, marking the Tata Group’s second-largest acquisition after Corus. The deal, excluding Iveco’s defense operations, is expected to be announced soon, pending board approvals from both companies.
National Securities Depository Limited’s IPO has opened. The IPO aims to raise Rupees 4,012 crore through an offer for sale. The price band was between Rupees 760 and Rupees 800 per share. Brokerages recommended subscribing to the IPO for long-term investment. NSDL reported Rupees 1,420 crore in revenue for fiscal year 2025. Profit after tax…
President Trump’s proposed tariffs on key imports like coffee, apparel, jasmine rice, cocoa, electronics, and raw materials are set to take effect, raising concerns about increased consumer prices and economic strain. Major trading partners, including Brazil, Vietnam, China, Thailand, and India, will face significant duties.
Stock market recommendations: Anand Rathi Shares and Stock Brokers recommends buying Mazagon Dock, Vascon Engineers, and Thermax. Mazagon Dock presents a mean reversion opportunity, while Vascon Engineers shows inverse Head & Shoulders pattern with demand zone support. Thermax appears to be retesting after a breakout, indicating a potential uptrend resumption.
The IMF has revised India’s economic growth forecast upward to 6.4% for both 2025 and 2026, reaffirming its position as the world’s fastest-growing major economy. Globally, growth is projected at 3.0% and 3.1% for the same years, driven by factors like lower tariffs and a weaker US dollar.
Larsen & Toubro (L&T) announced robust Q1 FY26 results, showcasing a 30% YoY surge in consolidated net profit to Rs 3,617 crore. Revenue climbed 16% to Rs 63,679 crore, driven by the Projects & Manufacturing segment. Order inflow hit a record Rs 94,453 crore, up 33% YoY, with international orders comprising 52%.
The IMF has revised its global growth forecast upward for 2025 and 2026, anticipating a boost from early stockpiling ahead of US tariffs and a weaker dollar. While the US, China, and India are expected to see growth, global inflation is projected to ease, though the US may remain above target.
Air India faces scrutiny from the DGCA following an annual audit that revealed significant safety lapses. The airline’s operations were found to have insufficient pilot training programs and the use of non-authorized flight simulators.
