Savings Effect

SOBHAGYA MERCANTILE: CO'S JV WINS RUPEES 260.5 CR MAHARASHTRA IRRIGATION PROJECT UNDER GOSIKHURD SCHEME

Shriram Pistons: Guidance - Concall Update Management reported record consolidated total income of INR4,571 crores, growing 25% year-over-year, and highest-ever EBITDA of INR989 crores, growing 18% year-over-year for FY26. Co expects to maintain group profitability at levels similar to the standalone company, with Antolin's margins improving from 9-10% EBITDA to closer to 20%+ within three years, driven by synergies and insourcing. SPR Auto Technologies plans to continue investing in capacity expansion, with approximately INR200 crores invested in FY26, and similar or higher figures expected annually for the next two to three years. Co's QIP is intended for growth, encompassing both internal organic expansion and inorganic growth through acquisitions, rather than for debt repayment. Management projects EV penetration to reach 15% to 17% by 2030, within a 6% CAGR growth for overall volumes, indicating continued dominance of ICE vehicles, including hybrids.

India has rejected sanctioned Russian LNG despite energy shortages from the Middle East conflict, leaving a Baltic-origin tanker stranded near Singapore while negotiations for non-sanctioned cargoes continue. The stance highlights the fine balance the world's third-biggest oil importer and consumer is seeking ‌to strike between securing energy supplies and avoiding LNG cargoes on which the US has placed sanctions, which are harder to disguise and carry greater compliance risk.

India’s retail inflation rose marginally to 3.48% year-on-year in April, up from 3.40% in March, driven mainly by higher food prices, according to data released by the Ministry of Statistics & Programme Implementation on Tuesday. MoSPI data showed rural inflation at 3.74%, while urban inflation stood lower at 3.16% during the month.

US President Donald Trump on Monday (local time) discarded Iran's peace proposal plan, and said that the ceasefire stands on "life support". Trump said that Iran is the weakest it has been and called Tehran's proposal "a piece of garbage" and unacceptable.

TEXMACO RAIL & ENGINEERING: CO SECURES MASSIVE EXPORT ORDER WORTH $430.57 MILLION (~₹4,045 CRORE) FROM TSIKO AFRICA LOGISTICS AND BARBERRY HOLDINGS