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By EquityPandit

INDIA

Zomato to Cover Legal Expenses of Delivery Executive Accused of Assault

Zomato is covering the earnings and legal expenses of its delivery executive Kamraj, although he will continue to be temporarily suspended from the platform as per protocol, Zomato co-founder Deepinder Goyal said on Twitter on Friday. “Kamraj has made more than 5,000 deliveries for us so far and has a 4.75/5 star rating on our platform (which is one of the highest) and has been working with us for 26 months now (these are facts, not opinions, or inferences),” Goyal said. He added that they are also assisting the police “in whichever way asked”.


Earlier this week, model and makeup artist Hitesha Chandranee had posted a video clip on Twitter and Instagram alleging that she was hit by the Zomato delivery executive on March 9, following an argument about a delayed food delivery order. Zomato had subsequently suspended the executive, who was arrested by the local police authorities. However, on Thursday, the delivery executive had countered these allegations, claiming that Chandranee had first verbally abused him, and then hit him, The News Minute reported.


“We are in constant touch with Hitesha, covering her medical expenses, and helping her with the proceedings,” Goyal said. “We are also in constant touch with Kamaraj, extending all possible support to make sure both sides of the story come to light and that due process is followed in the spirit of fairness,” he added.

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INDIA

PM Modi Launches 44 Projects Worth Rs 3,880 Crore in Varanasi on 50th Visit

Dhruva Kulkarni

PM Modi inaugurated and laid the foundation stones of 44 projects worth Rs 3,880 crore during his 50th visit to Varanasi.

The projects include rural development initiatives such as 130 drinking water projects, 100 new Anganwadi centres, 356 libraries, a polytechnic college in Pindra, and a government degree college.

Governor Anandiben Patel and CM Yogi Adityanath were present at the event. Key projects included a transit hostel, police barracks, four rural roads, beautification works, and railway development. Modi highlighted Kashi’s transformation, calling it ancient and progressive, and noted its rise as a health capital.

Of the 44 projects, 25 worth Rs 2,250 crore focused on electricity infrastructure, including 15 new substations, transformers, and 1,500 km of power lines. Security was tight, with 4,000 personnel deployed, rooftop surveillance, CCTV, drone monitoring, and strict security protocols for officers.

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AUTOINDIA

Audi Sets Up 6,500 EV Chargers in India, 75% Are Fast Chargers

Dhruva Kulkarni

Audi India announced on Thursday that it has set up over 6,500 EV charging points nationwide as part of Phase II of its ‘Charge My Audi’ initiative.

Over 75% of these chargers are DC fast-charging stations aimed at reducing charging times and enhancing convenience for EV users.

The expansion added 5,500 new chargers across highways, urban hubs, and commercial areas, ensuring seamless long-distance travel and daily commutes. Audi India has partnered with 16 new EV infrastructure providers to strengthen its network.

Audi India Head Balbir Singh Dhillon highlighted the importance of a strong charging network in accelerating EV adoption and improving customer accessibility.

The initiative is supported by ChargePoint Operators, including Shell India, Adani Total Energies E-Mobility, Charge Zone, and Statiq.

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INDIA

India Approves Rs 63,000 Crore Deal for 26 Rafale Marine Jets from France

Dhruva Kulkarni

India has approved a Rs 63,000 crore deal to acquire 26 Rafale Marine fighter jets from France, with the agreement expected to be signed during French Defence Minister Sébastien Lecornu’s visit this month.

Cleared by the Cabinet Committee on Security, chaired by PM Narendra Modi, the deal includes 22 single-seater and four twin-seater Rafale-M jets for the Indian Navy.

The package covers fleet maintenance, logistics, training, and offset obligations to boost indigenous manufacturing. It also includes upgrades, equipment, and spares for the 36 Rafale jets already in service with the IAF.

The new Rafale-M jets will be delivered within 37 to 65 months, with full induction expected by 2030–31. The Defence Ministry had approved the procurement in July 2023 for deployment on INS Vikrant.

The IAF currently operates 36 Rafale jets at Ambala and Hasimara airbases, and the new deal will enhance its capabilities, including an upgraded “buddy buddy” aerial refuelling system.

The Navy will need to install specialised equipment on aircraft carriers to operate the 4.5-generation Rafale jets and is also planning to induct indigenous fifth-generation Rafale jets developed by DRDO.

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FMCGINDIA

Haldiram’s Confirms Merger of Delhi and Nagpur Units

Dhruva Kulkarni

Haldiram’s has merged its Delhi and Nagpur units under Haldiram Snacks Food Private Ltd (HSFPL), unifying its FMCG operations.

CEO Krishan Kumar Chutani called it a fresh start blending legacy, passion, and future vision. The merger, first reported in 2022, was completed after approvals from the Competition Commission of India (CCI) and the National Company Law Tribunal (NCLT).

Under the deal, the Delhi unit holds a 56% stake, while Nagpur owns 44%. The move follows recent minority stake sales to Temasek, Alpha Wave Global, and International Holding Company (IHC), valuing Haldiram’s at $10 billion. These investments will fuel global expansion, particularly in the US and the Middle East.

Founded in 1932 by Ganga Bishan Agarwal, Haldiram’s later split among his grandchildren. Shiv Kishan Agarwal runs the Nagpur entity (west and south India), while Manohar and Madhusudan Agarwal manage the Delhi unit (north India). The family collectively dominates 50% of India’s ethnic snacks market.

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AUTOINDIA

Rural Sales Outpace Cities as India’s Vehicle Retail Dips Slightly in March

Dhruva Kulkarni

According to FADA (Federation of Automobile Dealers Associations), India’s vehicle retail sales fell by 0.7% in March 2025 compared to a year ago but rose 12% from February. For FY25 (April 2024–March 2025), sales grew by 6.46%, with rural markets outperforming cities.

In March, passenger vehicle sales increased by 6%, driven by discounts and new models, while commercial vehicles grew by 2.6% due to festivals and projects. However, two-wheeler sales fell by 1.7%, three-wheelers dropped by 5.6%, and tractors declined by 5.7%, impacted by weak rural demand. Sales started slow due to Kharmas but picked up last week, aided by Navratri, Gudi Padwa, Eid, and year-end discounts.

For FY25, passenger vehicles grew by 4.87%, two-wheelers by 7.71%, and commercial vehicles remained nearly flat, dropping by 0.17% due to weather and financing issues. Rural markets led the growth, with two-wheelers up 8.39% and three-wheelers rising 8.70% compared to 6.77% and 0.28% in cities.

Dealers face high car stock levels, strict sales targets, and financing challenges. Looking ahead, heatwaves may impact April sales, but festivals and the marriage season could provide a boost.

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