Namaste! Aaj ka news roundup, Newswala style!

MARKETS

Markets: Markets struggled from the start as stocks fell due to weak corporate earnings and global trade tensions. With the rupee under pressure, foreign investors pulled out, shifting funds to safer U.S. assets, adding to the market’s woes.

TOP STORIES

ONGC and bp Strike a Deal 🤝

What Happened?

India’s oil giant ONGC has teamed up with British energy major bp to explore new business opportunities in oil and gas production, energy trading, and more. 

The memorandum of understanding (MoU) was signed just before India Energy Week 2025, marking a major step in strengthening energy ties.

Why It Matters?

The deal couldn’t have come at a better time.

This comes just a month after ONGC brought bp on board as a technical service provider to boost production from its Mumbai High field. 

The two companies will now collaborate on deep-water exploration, optimizing aging fields, and bidding for offshore projects under India’s Open Acreage Licensing Program (OALP).

How are the numbers?

• ONGC reported a 16.7% dip in net profit last quarter, dropping to ₹8,240 crore from ₹9,892 crore the previous year—thanks to lower crude oil prices. 

• ONGC’s stock also felt the heat, closing 2.59% lower at ₹242.55 on Monday.

PAISON KA KHEL

🏏 Reliance Spins Into the Sports Drink Game

Reliance Consumer Products just bowled a googly at the sports drink market with Spinner, priced at a wallet-friendly ₹10. At this price, even Pepsi and Coke might start sweating.

Co-created with legendary cricketer Muttiah Muralitharan, this drink aims to hit a $1 billion market in three years. 

To boost its innings, Spinner has partnered with IPL teams like Mumbai Indians and Gujarat Titans.

🏥 Adani to Invest ₹6,000 Cr in Healthcare with Mayo Clinic

Gautam Adani isn’t just throwing grand weddings he is building hospitals too! 

As part of his ₹10,000 crore pledge made during his son Jeet’s wedding, Adani Group is investing ₹6,000 crore to set up two 1,000-bed multi-specialty hospitals and medical colleges in Mumbai and Ahmedabad. 

Partnering with Mayo Clinic, the project promises top-tier medical care, cutting-edge research, and AI-driven healthcare. 

TOP STORIES

🔥 IHCL’s Grand ₹2,500 Crore Hotel Project

What Happened?

Tata-owned Indian Hotels Company Ltd (IHCL) is making a grand move in Mumbai’s luxury hospitality scene. 

The company has announced a ₹2,500 crore investment to build Taj Bandstand, a swanky 330-room hotel set to redefine the city’s skyline. 

The project will rise on a two-acre plot where the historic Sea Rock Hotel once stood. 

Driving the news

Construction begins this year and is expected to take three years, creating over 7,000 jobs—1,000 directly within the hotel and thousands more in related industries like transport and tourism.

The company already operates Taj Lands End, located right next to the upcoming Taj Bandstand, separated only by a road. 

With four Taj properties already in the city, this move reinforces Tata’s deep-rooted commitment to Mumbai’s hospitality industry.

That’s not all

Beyond luxury, this project is an economic catalyst. With Mumbai being a magnet for global tourism and business, Taj Bandstand aims to be a landmark destination, much like its iconic sibling, the Taj Mahal Palace near Gateway of India.

GLOBAL NAZARA

Rolls-Royce Accelerates ‘Make in India’ 🏎️

Rolls-Royce is planning to double its sourcing of aerospace and defence parts over the next five years. Teaming up with HAL, Tata, and Bharat Forge, the company is strengthening India’s role as a global manufacturing powerhouse.

With over 2,000 Indian engineers already contributing to high-tech projects, Rolls-Royce is betting big on ‘Make in India.’ Who knows—at this pace, the next big export from India might not be Bollywood or cricket, but jet engines!

🎵 Warner Music Hits a High Note with Tempo Buyout

Warner Music Group (WMG) is acquiring a controlling stake in Tempo Music Investments from Providence Equity Partners, which will stick around as a minority investor. 

Launched in 2019, Tempo has been stacking up premium music rights, featuring big names like Twenty One Pilots, Wiz Khalifa, and Florida Georgia Line. 

This deal expands WMG’s reach, adding rights to songwriters they already work with—and some fresh talent too.

In short, Warner just got itself a bigger playlist, and Tempo is vibing with the new partnership. 

TOP STORIES

US Tariffs May Flood India with Cheap Steel 🔩

What Happened?

The US is tightening its grip on steel imports with a hefty 25% tariff, sending shockwaves through global markets. 

While India isn’t a top supplier to the US, this move will push major steel-exporting countries—South Korea, Canada, Brazil, and Mexico—to seek new buyers.   

Industry experts warn that India’s low import duties (7-8%) make it an attractive dumping ground for surplus steel.  

Why It Matters?

Let’s break it down:

• Price Pressure: More steel in the Indian market means lower prices, squeezing domestic manufacturers.
  

• Europe’s Spillover Effect: With the US closing its doors, excess steel in Europe could also flood into India, hitting domestic prices even harder.
  

• Winners & Losers: While most Indian steelmakers face a profit crunch, firms with US operations—like Hindalco’s Novelis and JSW Steel—might actually benefit from the tariffs.

Final words

The US tariff hike is more than just a trade policy. Without higher import duties or diplomatic trade relief, India could see a glut of cheap steel, risking jobs and market stability. 

The Indian Steel Association is urging action, but for now, it’s a classic case of one country’s protectionism becoming another’s problem.

MIRCH MASALA

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