Delhivery-Ecom Express ₹1,407 Crore Deal

• A day after showing resilience amid a global sell-off, Indian markets tumbled on Friday, April 4, with the Sensex plunging over 900 points and the Nifty slipping below 23,000.

• Weak global cues weighed on sentiment, especially after US President Donald Trump signalled fresh tariffs on pharmaceutical imports—reversing the brief relief rally in pharma stocks following their earlier exclusion.

• According to CNBC-TV18, Trump indicated that pharma tariffs would be imposed at unprecedented levels, treating the sector as a separate category. While analysts believe the direct impact on India may be limited, uncertainty around the broader implications has unnerved investors.

• Attention now shifts to the upcoming Q4 earnings. After three lacklustre quarters, expectations are pinned on a stable or slightly improved performance. A disappointment on this front could spark another wave of selling.

Bajaj Finance +1.69%

• Bajaj Finance shares rose over 2%intraday on April 4 after it reported a 26% YoY increase in AUM for Q4 FY25. The upbeat business update ended a four-day losing streak, which started after the stock hit a 52-week high of ₹9,260 on March 25. It has gained nearly 26% in 2025 so far.

Tata Motors (5.94%)

• Auto stocks declined amid concerns over the impact of US tariffs on exports, with Tata Motors falling nearly 6%. India exports around $6.8 billion worth of automobiles and auto components to the US, and the new tariffs are expected to hurt competitiveness.

• India prioritizes trade deal, skips retaliation on US tariffs. (ET)

• First AI model proposals to be finalised in 2 weeks. (Inc42)

• Flipkart expands quick commerce with 200 dark stores. (BS)

• Borrowers are turning to alternatives as lenders become stricter with unsecured loans. (ET)

• Non-trade issues pushed aside in FTA negotiations. (ET)

• ​Sai Infinium files DRHP to raise ₹130 crore ($15.1Mn) through an IPO.​ (BS)

There are no mainboard IPOs this week.

M&A / Investments

• Jindal Power and Sev.en vie for Apraava's ₹4,000 crore ($467Mn) thermal project. (ET)

• Logistics unicorn Delhivery has acquired rival Ecom Express for ₹1,407 crore ($164Mn). (YS)

• GreenLine to raise ₹2,355 crore ($275Mn) equity. (BS)

Debt

• NaBFID plans to raise ₹8,000 crore ($934Mn) via bonds. (BS)

• Credit Saison India has raised ₹2,569 crore ($300Mn). (ET)

• Welspun One secures ₹2,300 crore ($268Mn) from NaBFID. (ET)

• D2C brand Wellness Nutrition raises ₹25.6 crore ($3Mn) via debt. (EN)

• Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates. (BS)

VC/Funds

• Govt approves second startup fund and sets up Startup India Desk. (YS)