*Financial News*
Source: Leading Newspapers
 *Compiled by Rudra Shares* 
Vande Mataram
Saturday, 02 May 2026

*Banking, Finance & Regulation*
• FPIs withdrew Rs 60,847 crore in April; cumulative outflows reach Rs 1.92 lakh crore
• RuPay momentum drives fintech push for co-branded credit cards on UPI
• AGR relief eases pressure on Vodafone Idea, though spectrum-related debt concerns remain
• InGovern Research suggests RBI should mandate Tata Sons listing by March 2027

*Economy & Policy*
• Government hikes export duties on diesel and jet fuel; domestic duties remain unchanged
• India in talks with Nepal for ethanol exports; exploring expansion to SAARC nations
• Fuel price hike risk rises as oil marketing companies indicate increasing losses
• India’s consumption remains resilient despite global and geopolitical uncertainties

*Oil, Gas & Energy*
• Venezuela’s oil exports rise to highest since 2018 with increased shipments to US and India
• GAIL moves court against PNGRB over gas pipeline unbundling plan
• Coal India production declines 9.7% in April amid rising power demand

*Automobile & EV*
• Escorts Kubota tractor sales rise 24% in April; exports decline
• Hyundai Motor India domestic sales increase 17% to 51,902 units
• Mahindra & Mahindra total vehicle sales grow 14% to 94,627 units
• Tata Motors commercial vehicle sales rise 28% to 34,833 units
• Tata Motors passenger vehicle sales increase 31.12% to 59,701 units
• Renault India domestic sales more than double to 5,413 units
• Royal Enfield sales rise 31% to 113,164 units
• Ola Electric enrolments increase 20% despite slowdown in 2W EV segment
• EV segment begins the financial year on a strong note

*Corporate & Industry*
• Hindustan Laboratories and RK Steel receive SEBI approval for IPO launch
• Coforge completes acquisition of Cigniti after NCLT clearance
• Vedanta exploring opportunities in critical minerals and rare earth magnets
• Adani Group announces restructuring to enhance operational efficiency and growth
• Demand for Maruti cars remains strong in domestic market despite global challenges

*Politics & Governance*
• 60-day prohibitory order imposed in Kolkata’s central business district from May 3
• Supreme Court to hear TMC plea against Election Commission directive on counting staff
• BJP shifts focus to Uttar Pradesh and Bihar ahead of organisational reshuffle
• Rahul Gandhi criticises LPG price hike; flags risk of further fuel price increases
• Repoll underway in select West Bengal booths following Election Commission order

*Defence & PSU*
• Ravi K assumes charge as CMD of Hindustan Aeronautics Ltd

Jai Hind
Rudra Hai to Mudra Hai
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