📊 Key Business Updates
🔹 India–US Bilateral Trade Agreement Talks Begin
- Terms of Reference signed
- Commerce Ministry silent on reciprocal tariffs after 90-day pause
🔹 Swiggy Launches ‘Pyng’ App
Swiggy makes a bold move into professional services with the launch of its new consumer app ‘Pyng’, now live in Bengaluru.
🔹 IndusInd Bank Faces Derivative Deal Discrepancies. An external agency report flags issues in derivative transactions:
- Negative impact: ₹1,979 crore
- Hit to net worth: 2.27%
🔹 Oil India Expands Exploration Footprint
- Secures 9 blocks under OALP Round-IX
- Acreage rises 85% to 1.10 lakh sq. km (from 60,000 sq. km)
🔹 Vedanta’s Cairn Oil & Gas Wins 7 Blocks
- Awarded blocks in Cambay, Saurashtra, and Mumbai basins
- Includes 4 onshore + 3 shallow water blocks
🔹 Indraprastha Gas Faces Gas Allocation Cut & Could pressure margins going forward.
Domestic gas allocation cut by 20% from April 16, 2025
🔹 Mahanagar Gas Sees 18% Cut in APM Allocation
- APM gas replaced by NWG (New Well/WI gas)
- Company says profitability may be impacted
- Exploring mitigation strategies
🔹 NHPC Update –
Power Generation Boost Declares commercial operation of Unit 3 (200 MW) at Parbati-II HE Project in Himachal Pradesh ,Total operational units now: 3 out of 4
🔹 Aster DM Healthcare Merger Cleared by CCI
- Merger of Quality Care India Ltd into Aster DM
- New entity name: Aster DM Quality Care Limited
