Top Headlines for April 02, 2026

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Economic Times

• The meat and seafood retailer Licious reported a 47% surge in revenue to ₹1,166 crore for FY26, though EBITDA losses widened to ₹187 crore due to aggressive infrastructure expansion.
• Commercial LPG prices have been hiked by ₹195.5 per 19-kg cylinder, a move expected to impact small businesses and the hospitality sector significantly.
• Global pharmaceutical giant Eli Lilly announced a $6.3 billion deal to acquire Centessa Pharmaceuticals to bolster its portfolio in sleep-wake disorder treatments.
• Jet fuel prices in India have hit record highs, more than doubling over the past year, leading to concerns over sustained inflation in the aviation sector.
• Prime Minister Narendra Modi chaired a high-level review meeting of the Cabinet Committee on Security (CCS) to assess the impact of the West Asia crisis on India’s energy security and supply chains.

Business Standard

• Indian equity benchmarks are expected to open in the red as GIFT Nifty signals a sharp decline following U.S. President Donald Trump's remarks on continuing military actions against Iranian energy targets.
• A Business Standard poll suggests the Indian Rupee could slide to 97 against the U.S. Dollar if the conflict in the Middle East remains prolonged, prompting the RBI to stay vigilant.
• Vikram Yadav has been appointed as the new chief of the Directorate General of Civil Aviation (DGCA), succeeding Faiz Ahmed Kidwai at a time of rising fuel costs and operational challenges for airlines.
• Tata Power has successfully resumed operations at its 4,150 MW Mundra thermal power plant after a nine-month hiatus, ending a period of significant financial losses for the subsidiary.
• Reports indicate that Elon Musk’s SpaceX has confidentially filed for an Initial Public Offering (IPO) in the U.S., which could potentially become the largest stock market listing in history.

Mint

• The Reserve Bank of India (RBI) has widened its foreign exchange monitoring lens beyond commercial banks to include large corporate treasuries to better defend the rupee against speculative volatility.
• Shares of Amir Chand Jagdish Kumar are set to debut on the exchanges today; however, grey market premiums suggest a muted listing for the basmati rice exporter.
• Adani Green Energy Ltd (AGEL) announced the addition of 5 GW of renewable energy capacity in FY26, bringing its total operational portfolio to 19.3 GW, the highest greenfield expansion globally outside China.
• IndiGo has introduced new fuel charges on both domestic and international bookings effective April 2, citing the "steep increase" in regional aviation turbine fuel (ATF) costs.
• Maruti Suzuki India reported a robust 17% year-on-year increase in total sales for March 2026, reaching 2,25,251 units, driven by strong demand in the utility vehicle segment.

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