📰 India Business Brief: Top Headlines for April 13, 2026

Business Standard

• Geopolitical Shock: Global oil prices have jumped 8% to settle above $100 per barrel as the U.S. begins a blockade of Iranian ports today following failed peace negotiations.
• Regulatory Shift: The RBI is seeking to tighten oversight of government-owned Non-Banking Financial Companies (NBFCs) by introducing new classification norms to improve financial stability.
• Corporate Strategy: RMZ Group has announced a massive $35 billion investment plan in India, focusing on a mix of data centers, AI infrastructure, offices, and residential projects.
• Hiring Trends: TCS has started FY27 with 25,000 fresher offers, marking its lowest intake since FY20, as the tech giant navigates a changing global demand environment.
• Energy Formula: The ongoing conflict has prompted India to revise its crude oil pricing formula to address a three-year inaccuracy in fixing domestic rates.

Economic Times

• FDI Challenges: India’s net Foreign Direct Investment (FDI) inflows have dipped as global investors increasingly opt for "friendshoring" destinations like Mexico, Poland, and Vietnam.
• Fiscal Performance: Indirect tax collections have topped the FY26 target, with March GST collections rising 8.2% year-on-year to reach ₹1.78 lakh crore.
• Infrastructure Push: Capital expenditure by major Central Public Sector Enterprises (CPSEs) and four key government entities surged by 62% in March, signaling a strong year-end push for infrastructure.
• Digital Growth: The Department of Financial Services reported that UPI transactions hit a record 22.64 billion in March, maintaining its relentless growth trajectory.
• Banking Norms: The RBI’s new proposal suggests that government NBFCs with an asset size of ₹1 lakh crore will now be categorized as "Upper-Layer," requiring stricter compliance.

Mint

• Market Outlook: The Indian stock market is expected to open in the red today, with GIFT Nifty signaling a subdued start as investors assess the impact of the Middle East conflict on global supply chains.
• Corporate Acquisitions: L&T Realty Properties has signed an agreement to acquire a 100% stake in International Green Scapes to bolster its sustainable infrastructure portfolio.
• Leadership Change: Swiggy co-founder Nandan Reddy has resigned from the company’s board to pursue independent ventures, marking a significant transition for the food-tech major.
• Renewable Growth: Adani Green Energy reported a 35% year-on-year growth in operational capacity, reaching 19.3 GW in FY26 after adding 5.1 GW of new greenfield capacity.
• Investor Returns: Muthoot Finance board has approved its highest-ever interim dividend of ₹30 per equity share (300%) for the financial year 2025–26.

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