10-Minute SIM Card Delivery

• The Indian stock market rallied for the second straight session on Tuesday, April 15, with the Sensex and Nifty 50 climbing past 76,700 and 23,300, respectively, driven by positive global cues.

• The India VIX plunged nearly 20% to around 16. The strong momentum followed easing concerns over a trade war and increasing confidence that India would be relatively shielded from Trump’s tariffs.

• US President Donald Trump has announced a 90-day halt on reciprocal tariffs, and reports indicate India is opting for a trade liberalisation approach with the US.

Macrotech Developers +8.31%

• Macrotech Developers shares jumped 7% after the Lodha brothers settled a brand infringement dispute regarding the use of the 'Lodha' name.

• The rally in Macrotech stocks lifted the BSE Realty index by more than 4%, with all its components closing in the green, making it the best-performing sector of the session.

Godrej Consumer Products (0.46%)

• Godrej Consumer shares dipped nearly 1% in today’s trade, weighed down by weak demand and challenging market conditions.

• A sharp rise in palm oil prices has also pressured margins in its soaps segment, causing a short-term drop in profitability.

• The branded residences and resorts market is expected to reach ₹8,500 crore ($1Bn) by 2027. (ET)

• March retail inflation drops to a 5-year low of 3.3%. (MC)

• Airtel partners with Blinkit to deliver SIM cards in 10 minutes. (YS)

• Delhi's EV policy could create 20,000 jobs. (ET)

• Indian consumers are increasingly adopting data-driven mobility solutions. (ET)

• Wonderchef plans IPO at ₹1,800 crore ($209Mn) valuation. (Inc42)

There are no mainboard IPOs this week.

M&A / Investments

• AIMCo discusses acquiring a ₹3,430 crore ($400Mn) minority stake in CDPQ's India InvIT. (ET)

• CleverTap has acquired Y Combinator-backed rehook.ai. (YS)

VC