Namaste! Aaj ka news roundup, Newswala style!

MARKETS

Markets: Markets begin Budget week with a weak start, as a broad-based selloff drags down Sensex and Nifty by 1%. Global cues remain mixed, creating uncertainty in market movement.

TOP STORIES

Tech Mahindra’s Turnaround Plan in Action

What Happened

Tech Mahindra , under CEO Mohit Joshi, is on a recovery track, steadily progressing towards its turnaround goals. Joshi, who took charge in December 2023, launched a three-year turnaround plan titled “ Scale at Speed ,” aiming for a growth rate higher than the top 6 IT players and a 15% operating margin by FY27. 

The results?

By Q3 FY25, the company saw a remarkable rise in its total contract value (TCV), jumping from $381 million in Q3 FY24 to $745 million. Despite some challenges, such as a 21.4% sequential drop in Q3 profits, Tech Mahindra is showing solid improvements, particularly in large deals and operational margins.

Final take

Tech Mahindra is no longer chasing volume but focusing on the big fish—clients with over $5 billion in revenue. Though revenue growth has been modest at 1.1% over the past three quarters, Tech Mahindra’s strategic pivot towards high-growth sectors like BFSI (Banking, Financial Services, and Insurance) signals an optimistic future. 

PAISON KA KHEL

DeepSeek crashes Nvidia’s party, wipes $465 billion 

Nvidia just hit a historic low—losing a jaw-dropping $465 billion in market value on Monday, the largest single-day crash in US history. Shares plunged 13%, as Chinese AI startup DeepSeek disrupted the market with its cost-friendly AI model, DeepSeek-V3.

Developed for just $5.6 million, DeepSeek-V3 is both efficient and affordable, quickly topping Apple’s App Store charts. The fallout wasn’t limited to Nvidia—this tumble dragged the S&P 500 down 2.3% and the Nasdaq 100 by 3.6%.

JSW Group’s grand copper play

JSW Group is all set to mine copper in Jharkhand with a hefty ₹2,600 crore investment ! The company will develop two copper mines and a concentrator plant to help reduce India’s copper imports. With a production capacity of 3 million tonnes per year, the mines will kick off in 2026-27.

TOP STORIES

Companies Sprint to Meet Early Summer Rush

What Happened

Summer is arriving early, and it’s already making everyone sweat—especially manufacturers of summer essentials like soft drinks, ice creams, air conditioners (ACs), and beer. Companies such as Voltas , Varun Beverages , and Amul are scrambling to meet the anticipated demand spike . 

AC makers have been running at full throttle since December, still haunted by last year’s supply shortages.  

Why It Matters

This early summer surge is turning up the heat on businesses. AC sales have shot up by 50-55% year-on-year, says Pradeep Bakshi from Voltas, who clearly isn’t cooling off. The temperatures are already breaking records, with a rise of 6-7°C above average in North India—so things are getting really heated. 

On the flip side, Amul is putting ₹800 crore under the Production-Linked Incentive (PLI) scheme, ready to serve us all the ice cream we can handle. Varun Beverages is raising ₹7,500 crore through qualified institutional placements—looks like they’re stockpiling for a season that’s bound to be refreshing .

Zoom Out

It’s not just the usual suspects like ACs and ice cream. Smaller categories, such as cooling oils and talcum powders, are also stocking up in retail stores. Everyone’s in a mad rush to keep us cool and comfortable during what promises to be one of the hottest summers in years.  

GLOBAL NAZARA

Tesla and BMW ready for court battle over EU tariffs

Tesla and BMW are taking the EU to court over hefty tariffs on China-made EVs. Under the new rules, Tesla faces a 17.8% tariff on Shanghai-made cars, while Chinese automakers like BYD and Geely face surcharges of 17% and 18.8%. SAIC tops the charts with a whopping 35.3%.

The EU claims these tariffs counter Beijing’s “ unfair subsidies ,” while China fired back, calling foul and imposing its own brandy tariffs.

The Body Shop’s big Indian ambitions

The Body Shop is eyeing a gorgeous milestone—£100 million annual revenue in India. Already a top 5 market, the iconic beauty brand under Aurea Group ’s leadership plans to move India into its global top three. 

Their secret sauce? Local manufacturing (first India-made product delivered in just 12 weeks!), blazing-fast quick commerce (nine-minute deliveries are the new normal), and expanding gifting and trial-size products.

TOP STORIES

Making Hospitals More Affordable

What Happened

PB Fintech , the parent company of Policybazaar, is diving into healthcare with a ₹860 crore investment for a 25% stake in PB Healthcare . They plan to build hospitals with 1,000 beds in the first year, starting in the National Capital Region (NCR). 

The aim is to offer cashless treatment with no pre-authorization, so patients can get treated without the usual headaches of paperwork or surprise bills.

Why It Matters

Healthcare costs are rising, and PB Fintech’s new venture is designed to tackle this challenge head-on. The hospitals will operate on a transparent, no-referral-fee model, offering general practitioners who won’t receive kickbacks for referrals.

This setup mimics the US-based Kaiser Permanente’ s integrated healthcare and insurance system, ensuring better affordability and quality care. 

Zoom out

The shift towards cashless treatment aims to ease financial burdens on policyholders, making healthcare more accessible in India. The focus on cashless, zero-rejection services addresses concerns many have with traditional healthcare systems, offering a practical solution in a country where medical expenses often lead to financial strain.

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