BL Morning Report , April 2, 2026: Get today’s top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.

India braces for major Oracle layoffs; ex-employees estimate 12,000 impacted

Oracle has reportedly begun a new round of layoffs affecting about 30,000 employees across the United States, India, and other regions, with former employees suggesting that around 12,000 of those cuts may be in India alone.

According to multiple netizens, termination emails were sent as early as 6 a.m. on Tuesday, catching employees off guard with no prior communication from managers or human resources.

The job cuts appear to span several business units and geographies, impacting teams such as Revenue and Health Sciences (RHS), SaaS and Virtual Operations Services (SVOS), and NetSuite’s India Development. Some groups experienced workforce reductions of 30 per cent or more.

GST collection exceeds ₹2 lakh crore in March

For the first time after rate rationalisation, collection from Goods & Services Tax (GST) in March crossed ₹2 lakh crore, data on GST portal showed. Also, this number is achieved without compensation cess. However, experts anticipate cautious trajectory in April.

GST collection in March is related with goods consumed and services availed in February. According to GST portal, collection was over ₹2 lakh crore as against ₹1.83 lakh crore of March 2025. This shows a growth of around 9 per cent. However, growth from domestic sources was just 6 per cent while that from import was around 18 per cent. For full fiscal, the growth rate in gross collection was 8.3 per cent.

TN Assembly polls: BJP, Congress delay candidate lists as regional heavyweights gain early edge

With just five days left for the close of nominations on April 6 for the Tamil Nadu Assembly elections scheduled on April 23, both the national parties — the Bharatiya Janata Party (BJP) and the Indian National Congress (Congress) — are yet to announce their candidates, reflecting internal pressures and strategic dilemmas within the two outfits. In between the five days, three days are holidays - Good Friday, Saturday and Sunday.

In contrast, regional players, including the two heavyweights — the Dravida Munnetra Kazhagam (DMK) and the All India Anna Dravida Munnetra Kazhagam (AIADMK) — along with the new entrant, Tamilaga Vettri Kazhagam, had announced their candidate lists last week. Several key leaders, including DMK president MK Stalin and TVK founder C Joseph Vijay, have already filed their nominations.

Census 2027

The first phase of Census 2027 began on April 1, in what will be the largest such exercise in the world and it will be conducted digitally for the first time.

It is India’s 16th Census and eighth after Independence. For the first time, the option of self-enumeration will also be available.

The reference date of Census 2027 is 00:00 hours of March 1, 2027, (for UT of Ladakh and snow-bound non-synchronous areas of UT of Jammu and Kashmir and States of Uttarakhand and Himachal Pradesh reference date is 00:00 hours of 1st October, 2026).

Census 2027 will be conducted in two phases - Phase I-House Listing and Housing Census popularly known as HLO during six months from April to September, 2026, in a period of 30 days as per the convenience of the State/UT governments along with option of Self-enumeration of 15 days period just before the 30 days period of house-to-house houselisting work.

Published on April 2, 2026