The Ministry of Consumer Affairs is proposing to lift export restrictions on wheat products like aata, maida, and suji, with a proposed limit of 1 million tonnes. This move comes as India anticipates a bumper wheat crop in 2025-26, following a ban imposed in 2022 due to production concerns.
India is actively negotiating free trade agreements with the US, EU, New Zealand, Oman, Peru, and Chile, alongside existing pacts with the UAE, Australia, and EFTA. Minister Piyush Goyal emphasized lowering trade barriers and fostering transparency to encourage two-way investments during volatile global times. The government has also significantly reduced compliances and abolished laws to promote ease of doing business.
Max Healthcare Institute has announced strong financial results for the September quarter. The company's net profit surged by 74% year-on-year to Rs 491 crore. Revenue from operations also saw a significant increase of 25% to Rs 2,135 crore. This performance reflects robust growth driven by factors like increased occupied bed days and international patient revenue.
Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck's emergence as India's largest commercial vehicle technology platform, driven by its expanding tolling and telematics offerings and improved profitability. The company has significantly digitized India's trucking ecosystem, serving a substantial portion of the trucker base.
