Mkt. Updates :

*SGX Nifty -50 pts (17575) from last trade 17625 ,*

Nikkei -292 pts ,
Hangseng -128 pts ,
Now @6.52am .

Dow +80.34 pts ,Nsdq -129.46 pts, S&P -10.22 pts , Bovespa -891 pts , Ftse +28 pts , Dax -83 pts , Cac -28 pts , Crude @ $80.52 brl (-0.09), Brent @ $84.99 brl (+0.00) , Gold @ 2036.70 (+1.10), Silver @ $25.08 (+0.04), Euro @ $1.0901, JPY @ $130.91, INR @ 81.945


*US GOVT. 10-YEAR YIELD : 3.31%*


*Today's Corporate Action, 06 Apr Ex Date :*

GHCL
Spin Off     
RVNL
Interim Dividend - Rs. - 1.7700
SHREESEC
Stock  Split From Rs.10/- to Rs.1/-
VEDL
Interim Dividend - Rs. - 20.5000


*Today's Board Meetings, 06-Apr-23 :*

AML
General  
FILME
Quarterly Results
GMBREW
Audited Results;Final Dividend
GSLSU
General  
INFRATRUST
General  
LOKESHMACH
Preferential Issue of shares;Issue Of Warrants;General
MANGASOF
General  
MUTHOOTFIN
Interim Dividend
PRERINFRA
Right Issue of Equity Shares;General
ROSEMER
General  
SDBL
Right Issue of Equity Shares;Genera


*SEC. IN F&O BAN FOR , 06-Apr-23 :*

*NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 330 Billion*

*News Headlines from Business News Agencies:*

*Business Standard :*

• India services growth slows down in March after 12-year high in Feb

• India muscles in on $447 bn space economy amid China, Russia's isolation

• Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz

• CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4

• More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years

• Private banks slower than public sector banks in raising interest rates

• Office mkt remains appealing for long-term investors seeking stable returns

• Iron Pillar raises $129 mn to invest in global cloud firms from India

• After lithium reserve in J&K, 15 rare earth elements discovered in Andhra

• Thomas Cook to set up forex outlets at Manohar International Airport

• Mankind Pharma plans to brand medicines with API quality assurance

• World Bank cuts India's growth forecast to 6.3%; ADB projects 6.4% for FY24

• Automobile retail sales up 14% in March; post 21% YoY growth in FY23

• Hindalco recalibrates capex to $4.5 bn from $7.9 bn, cites challenges


*Economic Times :*

• New residential launches in India’s top property markets touch decadal high

• Swiss regulator calls for more power after Credit Suisse debacle

• India's March palm oil imports jump on discounts

• India's power output grows at fastest pace in 33 years, fuelled by coal

• Silver marches towards lifetime high after scaling 32-month peak

• Larsen & Toubro bags multiple contracts worth over Rs 7,000 cr in Middle East

• Challenging to quantify India's adaptation finance needs: Govt

• New silicon anodes could help EV batteries go farther, charge faster

• Expect mid to high teens earnings growth in India: Mark Matthews

• Foxconn founder Gou says he will seek Taiwan presidency

• Walmart aims for 65% of stores to be automation serviced by 2026

• Bring ATF under GST, moderate rate hikes: Ajay Singh, Assocham

• SBI to hold auction for Visa Steel debt after Acre ARC's offer

• India Inc showing better compliance on appointing independent directors


*Mint :*

• Reliance, Jio secure record $5bn syndicated loan from global banks

• JP Chalasani appointed as the new Suzlon CEO, after Ashwani Kumar's resignation

• Paytm's payment volumes surge by 40%, monthly users up 27% in March quarter

• Tile makers face weak demand and rising competition

• Bajaj Auto saw a bumpy ride in FY23 thanks to dull export markets

• Adani Ports cargo volumes jump 9.5% in March

• SC ready to hear lawyers via video conferencing amidst surge in COVID cases

• RBI to issue new 5-year bond on April 6 to raise ₹8,000 cr

• Dollar's crown to slip as peers catch up in rates race, survey

• Google claims its custom-built AI supercomputer outperforms Nvidia's systems

• Johnson & Johnson proposes nearly $9 billion settlement of talc cancer claims

• Indian SMEs prefer consolidated IT tools for cost savings, survey says

• Carbon tax hurdle looms over India-UK FTA talks

• Tech Mahindra mandates AI, Web 3 skilling for top execs

• KKR raises $8 billion European flagship fund in tough market

India Daybook – Stocks in News

Cholamandalam Invst: Disbursements up 65% at Rs 21,020 cr Vs Rs 12,718 cr (YoY) (Positive)

Infosys: Company collaborates with LexisNexis to provide info services across content, enterprise, & products applications (Positive)

Cyient: Cyient's subsidiary DLM gets SEBI nod for ₹740 crore IPO (Positive)

Bank Of Maharashtra: Gross advances up 29.6%, deposits up 15.7% (YoY) (Positive)

Equitas SFB: Disbursements at Rs 5,917 cr, up 80% YoY & 23%. Total deposits at Rs 25,381 cr, up 34% YoY & 8% QoQ (Positive)

RVNL: Company emerges as Lowest Bidder for a project worth Rs 121 cr from North Central Railway. (Positive)

Hero MotoCorp: Company launches voluntary retirement scheme for staff (Positive)

Nykaa: Company says Q4 looks good on the back of strong beauty & personal care business (Positive)

Reliance Ind: Reliance Retail launches omni-channel beauty retail platform Tira for beauty products (Positive)

Avenue Supermarts: The company has recorded standalone revenue from operations at Rs 10,337.12 crore for the quarter, up 20 percent YoY (Positive)

Ujjivan SFB: The small finance bank has clocked 33 percent YoY growth in Q4FY23 advances at Rs 24,114 crore (Positive)

Tata Steel: UK govt offers to sweeten package for Tata Steel UK: ET. (Positive)

TTK Health: Company to announce voluntary delisting of equities (Positive)

Aurobindo Pharma: Company’s unit Apitoria names Sanjay Chaturvedi as CEO (Neutral)

Tata Steel Update: India production volume up 5.1% at 5.15 mt Vs 4.90 mt (YoY) (Neutral)

Singer India: Rajeev Bajaj will step down as Managing Director of Singer India to pursue other interests. (Neutral)

Vedanta: Shares of Vedanta will trade ex-dividend today with respect to the Rs 20.5 interim dividend announced earlier (Neutral)

LIC: LIC plans to invest over 3 lakh cr in FY24, with 30% of it set to be in equity, ET Now reported. (Neutral)

KTK Bank: The Bank's total aggregate deposits stood at Rs 87,362 crore as of March 2023, an increase of nearly 9% (Neutral)

Shree Hanumanjee Janmotsav 🇮🇳

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 06-04-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -4076* 😢

*INDEX FUT. : +291*

*INDEX OPT. : -5051*

*STOCK FUT. : +706*

*STOCK OPT. : -22*

*SEC. IN F&O BAN FOR, 10 APR, 2023 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 06-APR-2023 :*

*FIIS : BUY +476 (5,655-5,179)* 🙂

*DIIS : SELL -997 (5,642-6,639)* 😩

*BSE SENSEX : +144 (59,833)🔼*

*NSE NIFTY : +42 (17,599)*🔼

*BSE MIDCAP. : +172 (24,351)*🔼

*BSE SMLCAP. : +194 (27,725)*🔼

*B. CRUDE : $ 84.73* ↔️ 🙂

*GOLD: $2006=INR 60,700(10gr)* 🔽 😔

*SILVER : RS. 76,950 (kg) (5pm)* 🔼 😔

*FOREX : RS. $ 81.8850* 🔼 🙂

*7.26% GOI '32 : 7.2120%(100.31)* 🔽😊

*7.41% GOI '36 : 7.2926% (100.99)* 🔽 😊

*7.26% GOI NEW '33: 7.2032% (100.38)*🔽😊

*News Headlines from Business News Agencies:*

*Business Standard*

• Inflation kept at 6% or below despite adverse circumstances, says FM
• No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022
• RBI allows rupee non-deliverable forex derivative contracts to residents
• India, Australia to invest $3 mn each in critical mineral exploration
• Air India building's high-flying days with a legacy changeover in order
• Anil Agarwal's $19-bn chipmaking plant dream at risk as hurdles mount
• TVS SCS wins UK defence ministry contract for supplying Land Rover spares
• After Credit Suisse wipeout, AT1 bonds make a return in the global market
• 63% of Indian consumers cut back on non-essential spending: PwC report
• Apollo Hospitals plans offering Ayurvedic treatment at facilities
• Realty, auto firms expect demand to remain intact after RBI holds rate
• RBI allows UPI linking with pre-sanctioned credit lines from banks
• Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund
• To boost production, govt may provide Rs 50/kg support for green hydrogen

*Economic Times*

• Govt sets criteria for allocation of power from central pool to states, UTs
• Retail margin on diesel turns positive for the first time in five quarters
• Trai issues paper on spectrum allocation mode for spacecom services
• IT ministry notifies final rules for online gaming
• Banking system headed for more trouble, says Raghuram Rajan
• Centre may relax borrowing norm for states
• Titan Q4 Update: Sales rise 25% YoY on broad-based growth across segments
• Crisil Ratings upgrades outlook on Jindal Stainless to positive
• Oyo witnesses 167% rise in bookings for long weekend
• Local health board in UK plans to hire hundreds of nurses from India
• Tata Steel saw record operational performance in FY23: CEO T V Narendran
• India has built a world-class digital infrastructure: IMF
• Bond yields hit 7-month low as market cheers RBI’s rate pause
• RBI raises India FY24 GDP forecast by 10 bps to 6.5%
• Indian e-sports industry to grow to $140 million by 2027: report

*Mint*

• Made-in-India iPhone shipments increase as Apple shifts production from China
• The Bank of Japan should stop defending its cap on bond yields
• Govt optimistic about record wheat output despite adverse weather conditions
• RHI Magnesita India raises ₹900 cr through QIP
• Gati launches tech-enabled warehousing facility in Bhiwandi
• RBI to set up portal to search across multiple banks for unclaimed deposits
• RBI proposes to make credit bureaus more accountable
• RBI monetary policy pegs inflation for FY24 at 5.2%
• KEC International bags orders worth ₹1,213 crore across its various businesses
• Vibrant Energy secures ₹2200 cr financing from PFC for 300MWac hybrid projects
• Meta unveils AI model for object detection and largest dataset of its kind
• DMart Q4 update: Revenue rises 20% YoY to ₹10,337 cr; store count at 324
• India may import dairy products amid stagnant milk output
• After layoffs, Amazon now plans to trim employee stock awards
• Apple CEO Tim Cook expected to visit India for launch of first store: Report

One year returns of TOP 20 AMC across all categories of open ended active funds as of 31 Mar 2023.

@AlliesFin

#India #Equity #market #performance for the #financial year 22-23.
#alliesfin

#Nifty down -0.6%
Nifty #Bank up +12%
Nifty #Auto up +16%
Nifty #IT down -20%
Nifty #Mid cap up +1.5%
Nifty small cap down -13.5%
Nifty #PSU up +37%
Nifty #FMCG up +26%.
Nifty #Metal down-16%
#Gold up +2.4%

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-04-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +4844* 😄

*INDEX FUT. : +1849*

*INDEX OPT. : +2295*

*STOCK FUT. : +779*

*STOCK OPT. : -79*

*SEC. IN F&O BAN FOR, 11 APR, 2023 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-APR-2023 :*

*FIIS : BUY +883 (4,058-3,175)* 😊

*DIIS : BUY +351 (7,060-6,709)* 🙂

*BSE SENSEX : +13 (59,846)🔼*

*NSE NIFTY : +25 (17,624)*🔼

*BSE MIDCAP. : +92 (24,443)*🔼

*BSE SMLCAP. : +46 (27,771)*🔼

*B. CRUDE : $ 84.97* 🔼 😔

*GOLD: $1991=INR 60,200(10gr)* 🔽 😔

*SILVER : RS. 76,630 (kg) (5pm)* 🔽 😔

*FOREX : RS. $ 81.98* 🔽 😔

*7.26% GOI '32 : 7.2313%(100.18)* 🔼😔

*7.41% GOI '36 : 7.3286% (100.68)* 🔼 😩

*7.26% GOI NEW '33: 7.2147%(100.30)*🔼😔

*Mkt. Updates :*

*SGX Nifty +33 pts (17710) from last trade 17677 ,*

Nikkei +278 pts ,
Hangseng +235 pts ,
Around @ 6.52am .

Dow +101.23 pts ,Nsdq -3.60 pts, S&P +4.09 pts , Bovespa +1024 pts , Ftse Clsd , Dax Clsd , Cac Clsd , Crude @ $79.85 brl (+0.11), Brent @ $84.18 brl (+0.00) , Gold @ 2007.50 (+3.70), Silver @ $25.03 (+0.11), Euro @ $1.0867, JPY @ $133.55, INR @ 81.965


*US GOVT. 10-YEAR YIELD : 3.40%*


*Today's Corporate Action, 11 Apr Ex Date :*

SCHAEFFLER
Final Dividend - Rs. - 24.0000


*Today's Board Meetings 11-Apr-23 :*

JAIMATAG
Audited Results


*SEC. IN F&O BAN FOR, 11-Apr-23 :*

*NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 58 Billion*

#Small n #Midcap #Pharma cos started participating in #markets . watch out that space to #upcoming sessions. #alliesfin #stockmarket

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 11-04-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -12458* 😭😭

*INDEX FUT. : +2193*

*INDEX OPT. : -15596*

*STOCK FUT. : +1103*

*STOCK OPT. : -158*

*SEC. IN F&O BAN FOR, 12 APR, 2023 :*

*1. DELTACORP*

*ADDITION : DELTACORP*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 11-APR-2023 :*

*FIIS : BUY +343 (6,932-6,589)* 🙂

*DIIS : SELL -264 (7,787-8,051)* 😔

*BSE SENSEX : +311 (60,157)🔼*

*NSE NIFTY : +98 (17,722)*🔼

*BSE MIDCAP. : +98 (24,541)*🔼

*BSE SMLCAP. : +172 (27,943)*🔼

*B. CRUDE : $ 84.45* 🔽 🙂

*GOLD: $1999=INR 60,400(10gr)* 🔼 🙂

*SILVER : RS. 76,950 (kg) (5pm)* 🔼 🙂

*FOREX : RS. $ 82.1250* 🔽 😔

*7.26% GOI '32 : 7.2224%(100.24)* 🔼🙂

*7.41% GOI '36 : 7.3345% (100.63)* 🔼😔

*7.26% GOI NEW '33: 7.2075%(100.35)*🔽🙂

*SGX Nifty +11 pts (17798) from last trade 17787 ,*


Nikkei +118 pts ,
Hangseng -4 pts ,
Around @ 6.52am .


Dow +98.27 pts ,Nsdq -52.48 pts, S&P - 0.17 pts , Bovespa +4367 pts , Ftse +44 pts , Dax +57 pts , Cac +65 pts , Crude @ $81.47 brl (-0.06), Brent @ $85.58 brl (-0.03) , Gold @ 2020.40 (+1.40), Silver @ $25.205 (+0.01), Euro @ $1.0922, JPY @ $133.62, INR @ 82.045




*Today's Corporate Action*
*12th Apr Ex Date*




SCHAEFFLER
Final Dividend - Rs. - 24.0000





*Today's Board Meetings*
*12-Apr-23*



ANANDRATHI
Audited Results;Final Dividend
NESTLEIND
Interim Dividend
TCS
Audited Results;Final Dividend



*Stock under F&O ban on NSE*
*12-Apr-23*


1 DELTACORP

#Q4 #EARNING #SEASON BEGINS:

(#APRIL)
#ALLIESFIN
12th - #TCS
12th - ANAND RATHI
12th - DHARANI SUGARS
12th - NATIONAL STANDARD
13th - #INFOSYS
13th - AVANTEL
15th - #HDFC BANK
17th - ANGEL ONE
18th - ICICI LOMBARD
18th - SCHAEFFLER INDIA
18th - #TATA COFFEE
18th - #ICICI SEC.
19th - TATA COMM.
20th - #HCL TECH
20th - ICICI PRU.
22nd - ICICI BANK
24th - MAHARASHTRA SCOOTERS
25th - #BAJAJ AUTO
25th - HDFC AMC
25th - #NESTLE INDIA
25th - ELECON
25th - #MAHINDRA CIE
25th - MAHINDRA LIFESPACES
25th - MAHINDRA HOLIDAY
26th - BAJAJ FINANCE
26th - HDFC LIFE
26th - LTTS
26th - POONAWALLA FINCORP
26th - UTI AMC
27th - #AXIS BANK
27th - BAJAJ FINSERV
27th - WIPRO

✨ Apple’s Deal with Mukesh Ambani Owned Jio World Drive Mall for their 1st Retail Store

Deal Period - 11 Years
Store Space - 20,800 Square Feet

Rent - ₹42 Lakh Monthly
Revenue Share - 2% For the First 3 Years

Store Rent will Increase by 15% Every 3 Years

Interesting Find - Apple’s lease agreement bars 22 competing brands from occupying space or displaying any advertisement inside the exclusivity zone of the mall

These Brands Includes

•Amazon
•Facebook
•Google
•LG
•Microsoft
•Sony etc

Other Brands Include

•Bose
•Dell
•Devialet
•Foxconn
•Garmin
•Hitachi
•HP
•HTC
•IBM
•Intel
•Lenovo
•Nest
•Panasonic & Toshiba

TCS Q4

CONS NET PROFIT UP 5 % AT 11392 CR(QOQ) V 11,563 CR EST. , UP 14.77 %(YOY)

REVENUE UP 1.6 % AT 59162 CR (QOQ) , UP 1.6 % (YOY)

EBIT UP 1.5 % AT 14,488 CR (QOQ) ,UP 15 % (YOY)

MARGINS AT 24.48 % V 24.5 % (QOQ) , 25 % (YOY)

FINAL DIVIDEND Rs 24 PER SHARE

TCS announces its Q4 FY23 results

-Cons PAT at Rs 11,392 cr Vs Rs 10,846 cr QoQ
-Cons revenue at Rs 59,162 cr Vs Rs 58,229 cr QoQ.

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-04-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +2422* 😄

*INDEX FUT. : +1673*

*INDEX OPT. : -685*

*STOCK FUT. : +1475*

*STOCK OPT. : -41*

*SEC. IN F&O BAN FOR, 13 APR, 2023 :*

*1. DELTACORP 2. BALRAMCHIN*

*ADDITION : BALRAMCHIN*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-APR-2023 :*

*FIIS : BUY +1,908 (8,459-6,551)* 😄

*DIIS : SELL -225 (7,428-7,653)* 😔

*BSE SENSEX : +235 (60,392)🔼*

*NSE NIFTY : +90 (17,812)*🔼

*BSE MIDCAP. : +139 (24,680)*🔼

*BSE SMLCAP. : +113 (28,056)*🔼

*B. CRUDE : $ 86.99* 🔼 😢

*GOLD: $2013=INR 60,800(10gr)* 🔼 🙂

*SILVER : RS. 77,650 (kg) (5pm)* 🔼 😊

*FOREX : RS. $ 82.0775* 🔼 🙂

*7.26% GOI '32 : 7.2134%(100.30)* 🔽🙂

*7.41% GOI '36 : 7.3333% (100.64)* ↔️😳

*7.26% GOI NEW '33: 7.1888%(100.48)*🔽🙂

India Daybook – Stocks in News

*BHEL:* Company and NPCIL signs MoU for collaboration for Pressurised Heavy Water Reactor (PHWR) technology based nuclear power plants (Positive)

*RVNL:* Company secures order worth Rs 64 cr from North-Western Railway (Positive)

*AU Bank:* Reserve Bank of India gives approval to re-appoint Sanjay Agarwal as MD & CEO of AU Small Finance Bank (Positive)

*IDFC First Bank:* Maruti Suzuki ties up with Bank to offer personalised car finance options (Positive)

*RITES:* The company has received an order worth Rs 72 crore from Kerala Infrastructure Investment Fund Board (Positive)

*BL Kashyap:* Company secures an order worth Rs 141 cr. (Positive)

*HDFC Bank:* Bank inks pact with Export-Import Bank of Korea for $300 million line of credit (Positive)

*Adani Trans:* Adani Electricity Mumbai increases Renewable Energy share to 30% in 2 years (Positive)

*De Nora:* Ace investor Mukul Agarwal has picked up 1.37% stake in Company (Positive)

*Bombay Dyeing:* Foreign institutional investor Nexpact Limited has bought 11 lakh equity shares (Positive)

*Edvenswa Enterprises:* Ace investor Porinju Veliyath has purchased 1.3 lakh equity shares (Positive)

*HDFC:* Company gets SEBI approval for change in control of HDFC Capital Advisors (Neutral)

*Vedanta:* Company’s land acquisition for university in Odisha quashed by Supreme Court (Neutral)

*CONCOR:* Total cargo volumes grow over 4% in Q4FY23 (Neutral)

*Vedanta:* Company to consider issuance of NCDs on a private placement basis on April 13 (Neutral)

*NTPC:* Company to issue unsecured NCDs worth Rs 3,000 cr via private placement on April 17. (Neutral)

*Britannia:* Shares of Britannia will be in focus as the company will go ex-dividend on April 13. (Neutral)

*TCS:* Company has reported slightly lower than expected earnings for March FY23 quarter (Neutral)

*KTK Bank:* Reserve Bank of India approves appointment of Sekhar Rao as interim Director & CEO (Neutral)

*Business News Headlines*

*Economic Times*

Ø Inflation at 16 month low of 5.66%, IIP growth steady
Ø TCS post 15% rise in Q4 profit, flags pain in N American market
Ø India’s debt-to-GDP ratio may rise from FY24: IMF
Ø RBI proposes threshold for penal
charges on loans by banks, NBFCs
Ø Twitter near profit after ‘painful’ ownership: Musk
Ø US March inflation eases to lowest in nearly 2 years
Ø Markets gain for 8th day on $1 bn FPI boost in April

*Business Standard*

Ø Nifty criteria may be tweaked before RIL arm demerger
Ø TCS kicks off Q4 earnings season on a mixed note
Ø CPI inflation eases to 15-mth low in March
Ø Apple boost helps India double
smartphone exports in a year
Ø Serum restarts making Covishield after over a year
Ø TCS attrition drops to 20%, remains over pre-Covid level
Ø Zerodha, Smallcase partner for
MF biz, await final Sebi nod

*Financial Express*

Ø Two wheeler EV leaders get show cause notices
Ø CPI inflation falls below RBI upper target band in March
Ø IOC may offer domestic airlines
stake in sustainable fuel plant
Ø AAI receives over 2x concession fees from eight privatised airports in FY23
Ø More than 85% active large-cap
schemes underperform in 2022
Ø Bitcoin climbs past $30,000 for first time since June 2022
Ø Retail investors rushed to purchase Adani stocks as MFs sold

*Mint*

Ø TCS net falls short as clients cut IT outlay
Ø India plans to turn airports into aviation hubs: Scindia
Ø EY calls off splitting its audit and consulting units
Ø India committed to reform, join us in this journey: FM
Ø TVS gains on Ola as market share rises for 6th month in March
Ø Oil holds near 11-week high as
Russia, US see tighter supplies
Ø PhonePe gets $100 mn more
from General Atlantic, others

*Business Line*

Ø March retail inflation dips to  5.66%on easing vegetable and oil  prices  
Ø TCS profit rises 14.7% in a
‘weak’ Q4; margins stable   
Ø In big relief for Voda, ITAT
quashes reassessment order 
Ø Health Ministry plans strict  norms to regulate e­pharmacy  business  
Ø Likely fall in metallurgical coal  prices to benefit Indian steel­ makers: S&P 
Ø Auto inventory at dealerships
soars as demand slows down