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Hello and welcome to Editor's Fix, a special daily podcast brought to you by Nalin Mehta,
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the Managing Editor of Money Control.
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This is a specially curated podcast that brings together the best of the days' exclusives
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from the stock markets, from the corporate world and the wider political economy from
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Money Control's 360 degree coverage.
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This voice has been generated using AI technology based on a voice clone of Money Control's
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Managing Editor Nalin Mehta.
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Even as global uncertainty lingers, India's economy is showing surprising resilience.
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GST collection surged to a record 2.43 lock-craw rupees in April, driven largely by year-end
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spending and a spike in import-related revenues, Ishan Gera reports.
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The April GST collection data pertains to transactions done in March.
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That same strength was visible in the auto sector where carmakers kicked off FY27 with
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robust sales growth.
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Maruti Suzuki, Tata Motors, Mahindra and Mahindra and Hyundai all posted healthy April growth
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led by robust SUV demand reports Varun Singh.
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State support has, for now, helped Vodafone idea step back from the brink.
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Danish Khan reports that the risk to its immediate survival has eased with the relief on
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AGR payments, shifting the focus to securing bank funding, executing its CAPX plans and
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rebuilding investor confidence.
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But even as the company gets some breathing room, analysts caution that hefty spectrum
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dues remain a significant overhang.
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Big tech is pushing back against what it calls regulatory overreach.
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Apple has accused the Competition Commission of India of overreaching its power and usurping
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the Delhi High Court's authority by directing the tech giant to submit details on relevant
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Priyanch Verma reports that Apple has challenged CCI's move to base penalties on global turnover,
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saying CCI's interpretation would expose Apple to a potential $38 billion fine.
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Meanwhile, reforms aimed at simplifying taxes are creating new complications.
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GST 2.0 may have rationalised tax rates, but it has deepened inverted duty structures
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in sectors such as textiles, food processing and electric vehicles, adridger strategy reports.
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An inverted duty structure occurs when taxes on inputs are higher than those on finished products.
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India's refined oil product exports fell 25% in March, hit by a steep drop in diesel
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and jet fuel shipments amid disruptions in the strait of Hormuz and higher export duties.
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Arunima Bharadwaj writes that even as exports and crude imports dipped, India's fuel demand
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continued to rise, with import dependence edging up to 89% in FY26.
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And finally, as we wait for results to two riveting political contests in Tamil Nadu
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and West Bengal, Ishan Gera looked into polling data to find some interesting insights.
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In Tamil Nadu, actor Vijay's TVK may find its strongest traction in about 58 constituencies
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where higher cinema screen penetration has historically translated into better vote
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shares for actor-led parties.
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In West Bengal, new voters could play a decisive role in at least 88 assembly constituencies,
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where the increase in electorate exceeds the victory margin from the 2021 elections,
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according to Ishan's analysis of constituency level data.
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That's all for today's episode.
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Thank you for tuning in.
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If you have any feedback or topics you'd like to discuss, feel free to reach out to us.
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Until then, stay informed and stay ahead with money control.
