Wipro: Announces acquisition of Australia-based Ampion for a cash consideration of $117 million. The transaction is expected to be completed during the quarter ending June 30, 2021. Ampion is the provider of cyber security, development operations and quality engineering services in Australia.

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Maharashtra Govt has capped the price of the RT-PCR test for the sixth time.

State Health Minister Rajesh Tope made the announcement that" The price of "The new rates for RT-PCR test are fixed at ₹500, ₹600 and ₹800. For giving samples at the collection centre, ₹500 will be charged. For the same test at a Covid Care Centre or a quarantine centre, the charges will be ₹600 and to collect the swab from home, the labs can charge ₹800," Dr Pradeep Vyas, principal secretary of public health department, said. Negative for Metropoly Thyrocare

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*GSK Pharma* sold its Vempal plant for Rs 180 cr which was lying underutilised post discontinuation of Zintac last year. The company had written off it in Dec quarter. *Positive*

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Hindustan Aeronautics: Recorded a revenue in excess of Rs 22,700 crore for the financial year ended March 31, 2021 and posted a revenue growth of around 6%. This translated into revenue of around Rs.10700cr in Q4 vs last year Rs.10239cr. Further, the company has ended the year with a positive cash balance of around Rs 6,700 crore as against borrowings of Rs 5,775 crore as on March 31, 2020. Share is trading at 12x Trailing EPS Neutral

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*Tata Consumer Products* have decided to divest their entire membership interest in Empirical Group and Southern Tea in US to the JV partner Harris Tea. This move is in line with TCPL’s focus on its core branded businesses and profitability in International markets. *Positive for long term*

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*M&M: Mar total tractor sales 30,970 units, up 128% on yr*
*M&M: Mar automotive vehicle sales 40,403 units vs 6,679 units year ago*

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*VST Tillers Tractors Feb 2021 Sales - Improved*
(Nirmal Bang Retail Research)
Total Sales came at 3787 vs YoY 1975 units (91.7%) and MoM 2666 units (42%)
*Q4FY21 Sales:* 9358 vs YoY 6387 (47%) and QoQ 9170 (2%)

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*Eicher Motors (M&HCV) Feb 2021 Sales – Above Expectation*
(Nirmal Bang Retail Research)
M&HCV came at 7037 vs YoY 1499 units (369%) and MoM 5457 units (29%)
*Q4FY21 Sales:* 18167 vs YoY 11629 (56%) and QoQ (42%)

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*Ashok Leyland Feb 2021 Sales – Above Expectation*
(Nirmal Bang Retail Research)
Total Sales came at 17231 units vs expectation of 15364 units, YoY 2179 units (690.8%) and MoM 13703 units (25.7%)
*Q4FY21 Sales:* 44060 vs YoY 24504 (80%) and 31401 QoQ (40%)

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*Hero Motocorp March 2021 Sales – Above expectation*
(Nirmal Bang Retail Research)
2 Wheelers came at 576957 units vs expectation of 536525 units, YoY 334647 units (72.4%) and MoM 505467 units (14.1%)
*Q4FY21 Sales:* 15.68 lac units vs YoY 13.35 lac units (18%) and QoQ 18.45 lac units (-15%)


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*TVS Motor March 2021 Sales – In line with expectation*
(Nirmal Bang Retail Research)
Total Sales (2W+3W) came at 322683 units vs expectation of 317522 units, YoY 144739 units (122.9%) and MoM 297747 units (8.4%)
*Q4FY21 Sales:* 927579 units vs YoY 632920 units (47%) and QoQ 989517 units (-6%)


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🇮🇳Business News Headlines

Economic Times

Ø HDFC increases FD rates up to 25 BPS
Ø OPEC+ approves oil output increases from May
Ø India's Projected FY22 Growth could weaken to 12.2% from 13.5%: Nomura
Ø Wheat procurement rolled out, govt buys 78,000 tonnes in a fortnight
Ø Finmin withdraws order slashing rates on small savings schemes
Ø Exports of foreign subsidiaries accounted for 33% of their total sales in FY20: RBI
Ø US Factory activity expands at fastest pace since 1983 in March
Ø Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 Cr
Ø Jaiprakash Power Ventures pre-pays Rs 299.51 Crore debt
Ø Fintech startup Easebuzz raises $4 Million in first funding round
Ø OnMobile leads $13 Million funding in short-video app Chingari

Business Standard

Ø Low base, recovery in demand drive March auto sales into fast lane
Ø Recovery on a roll: GST mop-up hits record Rs 1.24 Trillion in March
Ø Reliance Infra sells HQ in Mumbai's Santacruz to YES Bank for Rs 1200 Cr
Ø Future Retail to offer quick online deliveries in bet on e-commerce
Ø Debt-laden IL&FS sells 49% Stake in China road asset for Rs 1K crore
Ø NCLAT removes stay on Reserve Bank of India action against Srei group
Ø US fund Interups enters Indian skies with 49% stake purchase in Trujet
Ø NIIF invests Rs 2,100 Cr in Manipal Hospitals, its first in health space
Ø Video startup Chingari raises $13 Mn, plans 100 Mn users in 6 months
Ø Power Finance Corp pays interim dividend of Rs 1,182.63 Cr to govt for FY21
Ø Bank credit to medium-sized firms grows 21% in February, shows data
Ø India's exports jump 58% to hit all-time high of $34 Billion in March
Ø UPI transaction value touches new high at Rs 5 Trn in March, volume up too
Ø PE/VC firms' investments increase by 85% to $11.9 Bn during Q1FY21

Financial Express

Ø Wipro to acquire Australian firm Ampion for $117 million in full cash transaction
Ø Jana Small Finance Bank files DRHP to raise Rs 700 Crore via fresh share issue
Ø Companies’ registration up 27% in FY21 to over 1.55 Lakh company incorporations
Ø Average price from conventional power plants rises to Rs 3.85/Unit in FY21
Ø NPCI subsidiary starts operating to offer recurring Payment services
Ø PhonePe logs $388bn in annual TPV run rate, crosses 1-bn UPI transactions in March
Ø Mastercard to invest about Rs 733 Cr in Airtel Africa’s mobile money biz for minority stake
Ø Cane arrears rise over 19 pc to Rs 22,900 cr till Feb of 2020-21 season amid Liquidity crunch: ISMA
Ø CIL’s additional supply reduces coal imports by 90 MT in FY21
Ø Improved buoyancy in Q4: Centre releases extra Rs 45,000 crore to states from divisible pool
Ø Niti Aayog suggests policy measures to ensure subsidised foodgrains supply to needy
Ø US exporters continue to encounter significant barriers in India: Report

Mint

Ø Indian Railways new record: RCF manufactures nearly 1500 LHB coaches in last FY
Ø Urban unemployment jumps as second wave slams job market
Ø Biden calls for $50 billion to boost US chip industry
Ø Govt notifies tax return forms with a few tweaks
Ø SEC allows Bharat Biotech to test third Covaxin shot
Ø Centre gave Rs. 2.62 Trillion direct tax refunds in FY21
Ø Govt approves over ₹6,100 Crore worth Highway projects
Ø DigiHealth to invest in developing Pharma Supply chain, distribution
Ø Govt sets up Three Panels to curb Industrial Accidents
Ø Tata Power takes over Power Distribution in North - Eastern Odisha


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Kishore Biyani's Future Group faces NPA risk on over Rs 20,000 crore loans - https://www.timesnownews.com/business-economy/companies/article/kishore-biyanis-future-group-faces-npa-risk-on-over-rs-20000-crore-loans/739702

NSE to consider consolidated earnings to calculate PE ratio

Come March 31 and India's equity investors will have something to smile about. The valuation of India's benchmark equity index Nifty 50 is set to get cheaper by 12 per cent. Want to hear the real good news? The index will get less expensive, without the market actually falling.
This cheaper valuation for Nifty 50 is possible due to a small but a key rule change done by the NSE index management that will henceforth use consolidated earnings of Nifty 50 companies as against the current practice of considering standalone numbers.
Consolidated numbers include aggregated reporting of a company's entire business including subsidiaries. Only in cases where consolidated financials are not available, standalone financials will be considered, an NSE statement said.
The Nifty 50 index's PE valuation is set to fall from a rich 40 times based on standalone earnings to a modest 35 times when the consolidated figures are included.


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OPEC+, met on Thursday to discuss the group’s production policy going forward.

The alliance decided to gradually curb production cuts beginning in May.

Starting in May an additional 350,000 barrels per day will be added to production, with another 350,000 coming on the market in June. Come July output will be increased by 450,000 barrels per day.

The OPEC+ alliance is currently cutting by just over 7 million barrels per day in an attempt to prop up prices and reduce oversupply. OPEC kingpin Saudi Arabia has voluntarily added an additional 1 million barrels per day to those cuts.


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🎯 Two must-join Telegram channels.

📢 If stock markets excite you, install Telegram app on your mobile/desktop and join our two Telegram Channels


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✍️✍️✍️✍️✍️

Bulk Deal as on 1-04-21

Asian Granito Ltd
- 2.14 Lk @ 157.76 Paul Peter

Bajaj Healthcare Ltd
- 1.95 Lk @ 442.4 ESCORP ASSET MANAGEMENT LIMITED
- 1 Lk @ 441.12 VINOD HARILAL JHAVER
- 70 K @ 441.7 SHRI RAVINDRA MEDIA VENTURES PRIVATE LIMITED

Bnkcap
+ 89 K @ 179.67 RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED

EPL Limited ( Essel Propack Ltd)
+ 16.43 Lk @ 240 VANGUARD FUNDS PUBLIC LIMITED COMPANY VANGUARD FTSE ALL WORLD ETF

Sakar Healthcare Limited
- 1.11 Lk @ 117.33 AFFILADO EDUCATION SYSTEM LLP

SEAMECLTD
+ 2.50 Lk @ 449.96 NOMURA SINGAPORE LIMITED

WHEELS
- 5.70 Lk @ 452.55 STANDARD CHARTERED MUTUAL FUND

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From April 1, 2021, the I-T department will also get information related to your share trading, mutual fund transaction, dividend income as well as interest on Post Office deposits and deposits in Non Banking Financial Companies (NBFCs). These transactions will also be reflected in the new format of Form 26AS.
As the I-T department will get all this information directly from your broker,/AMC/ post office, it will be difficult for for tax evaders to suppress these incomes.

Until now ITR forms allowed taxpayers to auto populate details such as Name, PAN, Address, Bank Details, Tax payment and TDS, etc. While presenting the Union Budget for FY22, the Finance Minister said that ITR forms will now come pre-filled with details such as capital gains from listed securities, dividend income, and interest from banks, post office, etc. for the purpose of easing the procedure of return filing.
To make these proposals effective, the  CBDT issued a notification on March 12, 2021, wherein it said that a specified category of persons required to furnish a statement of financial transaction u/s 285BA of the Income Tax Act, 1961, and it should include information pertaining to capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income. The category of persons required to report such transactions are recognised Stock Exchange such as BSE, NSE, depositories, recognised clearing corporation, registrar to an IPO, share transfer agents, companies distributing dividend, banking companies or a co-operative bank covered under the banking laws, Post Master General defined under the Indian Post Office Act, 1898 and NBFCs.

So from April 1, 2021, due to the broad coverage of data in the Annual Information Statement (AIS), the taxpayer needs to ensure that all details of income from sources such as salary, interest, dividend, capital gains rom mutual funds and shares, are shown in the ITR. Any escapement by the taxpayer on this may attract severe penalty, say tax experts.


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For Ashiana Housing value of Area sold in Q4 was Rs.299.71cr vs QoQ Rs/131.57cr YoY Rs.145.96cr Positive


Adani enterprise won two Road project of Rs.1169cr and Rs.2021cr from NHAI, Positive


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*Shuboudhaya🙏*
*Today's top news: 03 Apr*

1. *Finance Minister Nirmala Sitharaman said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India* .

2. There is no plan for lockdown in Delhi, says CM Arvind Kejriwal amid rising COVID-19 cases.

3. *Scooping a major endorsement, 'Metroman' E Sreedharan on Friday was backed by Malayalam megastar Mohanlal in the upcoming Kerala Assembly polls* . Backing Sreedharan, Mohanlal commends Metroman's success in constructing the Pamban bridge, Konkan Railways, several cities' metros while listing the various laurels he has received, in a video shared by Sreedharan. Kerala is set to go to polls on April 6, with the results to be announced on May 2.

4. *Three militants, including two who were involved in an attack on a BJP leader’s house, were killed in an encounter with security forces on Friday in Jammu and Kashmir’s Pulwama district.*

5. Union Home Minister Amit Shah Friday sought an inquiry by the Election Commission after a huge political row erupted over a polling team in Assam being found carrying an EVM in the vehicle belonging to the wife of a Bharatiya Janata Party candidate.

6. *Bars and restaurants in Pune district of Maharashtra will remain shut for seven days starting April 3 in view of the spike in coronavirus cases*

7. Johnson & Johnson has started testing its COVID-19 vaccine on adolescents, beginning with those ages 16 and 17.

8. *Superstar Rajinikanth, the recipient of prestigious Dadasaheb Phalke Award, for the year 2019,* has expressed his gratitude to fans, film fraternity colleagues and political leaders for their heartfelt wishes. The Information and Broadcasting Minister Prakash Javadekar on Thursday announced that the award, which is Indian cinema's highest honour for an artiste, will be presented to Rajinikanth on May 3.

9. *Fake Alert! Old notice regarding exam schedule being circulated in social media, CBSE clears it*, exams will be conducted as per schedule starting from May 4 to June 10

10. Indian Army has closed its Military farms on March 31 after 132 years of service. Military farms are the farms that were formed with an aim to supply hygienic cow milk to troops in garrisons across British India.

*✈INTERNATIONAL NEWS*

1. *The virtual meeting of the Foreign Ministers of Bay of Bengal Multi Sectoral Technical and Economic Cooperation (BIMSTEC) grouping finalised a major Connectivity master plan for the Bay of Bengal region*

2. The seven member regional grouping namely India, Bangladesh, Nepal, Bhutan, Sri Lanka, Thailand and Myanmar will take up the Master plan for transport connectivity for adoption in the next summit of the organisation to be hosted by Sri Lanka in a few months from now.

3. *We stand for restoration of democracy in Myanmar* , Minister of External Affairs on influx of refugees in Indian states. Many states in India's northeast have witnessed an influx of refugees from Myanmar following the coup in the country on the 1st of February.

4. Pakistan Sikh Gurdwara Parbandhak Committee (PSGPC) has sought from its government about the number of devotees who can get together to celebrate the festival of Vaisakhi even as the number of Covid 19 cases are on increase in the neighbouring country.

5. *US President Joe Biden invited Prime Minister Narendra Modi to attend the Climate Summit to be held virtually on 22-23 April.* PM Modi has welcomed President Biden's initiative and accepted the invitation.

6. *New Delhi urges Beijing to join hands, expedite LAC pullback*: With the LAC disengagement still incomplete in eastern Ladakh, the government on Friday reiterated that prolongation of the situation was in neither side’s interest and expressed hope that the Chinese side would work with India to ensure that the process in the remaining areas was completed at the earliest.

*🌎WORLD NEWS🌍*

1. *US Capitol on lockdown after gun shots, officers responding to 'external security threat'* : A car rammed a barricade outside the U.S. Capitol on Friday afternoon, injuring two Capitol Police officers and leading to the driver being shot.

2. President Joe Biden, who was with First Lady Jill Biden at Camp David for the Easter holiday, offered his "heartfelt condolences" to the family of William Evans, the veteran policeman killed in the attack.

3. The Netherlands on Friday temporarily suspended use of the AstraZeneca Covid-19 vaccine for people under 60 following the death of a woman who had received a shot.

4. *The United States on Friday confirmed it would take part in a meeting in Vienna next week on the Iran nuclear deal and offered to sit down directly with Tehran (Iran)*

5. *The first scheduled flight of Nasa's Ingenuity helicopter on Mars will take place no earlier than April 11,* the space agency’s Jet Propulsion Laboratory (JPL) announced on Thursday. The Ingenuity helicopter, a technology experiment and companion of Nasa’s Perseverance rover, was previously slated to take off no sooner than April 8. It will be the first aircraft to attempt controlled flight on another planet, a feat with a high degree of difficulty.

*🚣🚴🏇🏁🏊Sports:*

1. *Rio tennis tournament cancelled due to pandemic* : Organisers of the 2021 Rio Open in Brazil said the ATP tournament would not take place due to the Covid-19 pandemic.

*USD 72.69 💷GBP 101.22*
_In Srinagar (J&K)_
*🥇Gold ₹45,700@10 gm 24 (Krt)*
🥈 *Silver ₹70,100@ Kg*
⛽ *Petrol ₹ 93.76*
⛽ *Diesel ₹ 84.40*

*LPG : ₹ 925 /14.2 Kg*

*BSE Sensex* 50029.83
NIFTY : 14867.35

*🇮🇳Facts about India🇮🇳*

Jammu has historically been the capital of Jammu Province and the winter capital of the east, while Jammu and Kashmir princely state (1846–1952). *Jambu Lochan* was the brother of Raja Bahu Lochan who constructed a fort, Bahu Fort, on the bank of river Tawi. The city name figures in the ancient book Mahabharata. Excavation near Akhnoor, 32 kilometres (20 mi) from Jammu city, provides evidence that Jammu was once part of the Harappan civilization.

*😀Thought of the day*

Winning doesn’t always mean being first. Winning means you’re doing better than you’ve done before


*😳Why❓❓❓*

*What Is Vitiligo?* *Why it happens*

Vitiligo is a condition in which white patches develop on the skin. Any location on the body can be affected, and most people with vitiligo have white patches on many areas.

Vitiligo is caused by the lack of a pigment called melanin in the skin. Melanin is produced by skin cells called melanocytes, and it gives your skin its colour. In vitiligo, there are not enough working melanocytes to produce enough melanin in your skin. This causes white patches to develop on your skin or hair.

*LEARN Sanskrit*🙏🏻

*Vridhi: वृद्धि,* : 'growth',

🤔 *How it works* ⁉

*How an Ear hearing aid works* 🦻🏻

A hearing aid has three basic parts: a microphone, amplifier, and speaker. The hearing aid receives sound through a microphone, which converts the sound waves to electrical signals and sends them to an amplifier. The amplifier increases the power of the signals and then sends them to the ear through a speaker.

The sound waves are gathered by the outer ear and sent down the ear canal to the eardrum. The sound waves cause the eardrum to vibrate, which sets the three tiny bones in the middle ear into motion. The motion of the bones causes the fluid in the inner ear or cochlea to move. cochlea, causes changes in tiny structures called hair cells.

*How we can lose our hearing*
The path between your outer ear and your brain can be blocked or damaged in many different places and in a number of different ways, so people can become deaf or lose some or all of their hearing for lots of different reasons. One of the most common types of hearing loss happens when the hairs in the cochlea become damaged. If there are fewer hairs, sounds produce less stimulation in your brain—so things need to be louder for you to hear them.