📰 India Business Brief: Top Headlines for April 24, 2026

Economic Times

• Infosys Q4 Profit Surges 21%: India's second-largest IT firm reported a robust net profit of ₹8,501 crore for the fourth quarter, though it issued a cautious revenue growth guidance of 1.5-3.5% for FY27 due to global economic shifts.
• Bharti Group in Talks with Prudential: The Bharti Group is reportedly in discussions to sell up to 85% of its life insurance business to Prudential Plc in a deal that could value the unit at approximately ₹7,000-8,000 crore.
• Elon Musk’s Terafab Project: Elon Musk has laid out plans for the "Terafab" AI chip project, potentially making Intel a major customer for its 14A manufacturing process as the chipmaker signals a recovery in its contract business.
• Rupee Hits Three-Week Low: The Indian rupee breached the 94 mark against the US dollar, hitting a three-week low following a surge in global crude oil prices.
• Allianz-Jio Financial JV: Allianz and Jio Financial Services have inked a 50:50 insurance joint venture to tap into the expanding Indian insurance market.

Business Standard

• GMR Airports Stake Sale: Paris Airport Group (ADP) has agreed to sell a 7.3% stake in India’s GMR Airports Ltd. to the founding family’s vehicle in a multistage deal valued at approximately $1.08 billion.
• US Solar Antidumping Duties: The US Commerce Department has announced preliminary antidumping duties of 123.04% on solar cells and panels imported from India, a significant blow to Indian renewable energy exporters.
• India-Qatar Trade Talks: Officials from India and Qatar met to discuss strategies for boosting bilateral trade and strengthening global supply chains amid regional uncertainties.
• Trump on Iran and Oil: Former President Donald Trump stated the US has "total control" over the Strait of Hormuz and sufficient oil supplies, while calling the use of nuclear weapons against Iran "unacceptable."
• Heidelberg Materials Profit Plunge: The cement manufacturer witnessed a 57% drop in profit for the financial year due to soaring raw material costs and intense market competition.

Mint

• Secondary Market Boom: Open-market trades, including bulk and block deals, have surpassed ₹1 trillion in 2026 as traditional mergers and acquisitions (M&A) slow down due to high interest rates and valuation gaps.
• Tata Capital’s Strong Performance: Tata Capital reported an 80.5% year-on-year surge in Q4 net profit to ₹1,182 crore, driven by a 28% expansion in assets under management.
• Market Volatility Warnings: Analysts expect heightened volatility for the Sensex and Nifty 50 as investors weigh mixed global cues, rising crude prices, and the ongoing US-Iran conflict.
• Stock Recommendations: Market experts have highlighted breakout stocks for the day, including Praj Industries, Mankind Pharma, and Computer Age Management Services (CAMS), amid a cautious trading environment.
• Gift Nifty Indicators: Early indicators from Gift Nifty suggested a mildly positive opening near the 24,233 mark, despite the benchmark Nifty 50 slipping below 24,200 in the previous session.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News