📊 Market Watch: Investors will closely track Q1 earnings, global commodity prices and monsoon developments as markets prepare for another busy week.
▶️ Odisha Mega Investment: Odisha has begun land acquisition for IOC’s ₹61,077 crore Paradip petrochemical project, one of the state’s largest industrial investments.
▶️ Deepwater Energy Milestone: ONGC has commenced India’s first deepwater exploration well off the Odisha coast, marking a major step in offshore energy exploration.
▶️ Wheat Exports Resume: The Centre has permitted 5 million tonnes of wheat exports after a four-year ban, as rising global prices improve India’s export prospects.
▶️ Solar Expansion: Waaree Renewable secured orders for 800 MW of ground-mounted solar projects, strengthening India’s renewable energy pipeline.
▶️ Banking Growth: Bank of Baroda is targeting $3 billion in FCNR(B) deposits under the RBI’s special foreign currency deposit scheme.
▶️ US Trade Relief: India said 45% of its exports to the US will remain exempt from the new 10% tariff, offering relief to several export-oriented sectors.
▶️ Crypto Reporting Framework: CBDT introduced new crypto asset reporting rules aligned with the OECD’s global framework to strengthen tax compliance.
▶️ Real Estate Momentum: Mahindra Lifespaces reported a two-fold jump in Q1 sales bookings to ₹925 crore, driven by strong housing demand.
