BL Morning Report April 07, 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.

Wipro acquires Singapore-based Mindsprint for $375 million as part of $1 billion Olam Group deal

Wipro has signed an 8-year, over $1 billion digital transformation deal with Olam Group, and will acquire its IT arm Mindsprint for $375 million in cash by June 2026. The move will make Mindsprint a wholly owned Wipro unit, adding 3,200 employees and sector expertise. Announced by CEO Srini Pallia and Olam CEO Sunny Verghese, the deal aims to drive AI-led, end-to-end transformation across Olam’s farm-to-fork operations globally.

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West Asia crisis hits activated carbon exports as costs surge amid shipping woes

The exports of activated carbon from India have been affected due to the West Asia problem that is currently ongoing, with the Red Sea sea routes being disturbed, thereby preventing goods from reaching important destinations such as Sudan and Egypt, according to an industry executive named Joshy Joseph, IndCarb. The increase in ocean freight charges, which now stand at a war-risk fee of $3,000 per container, and shortage of vessels, especially for Russia, have contributed to delays and high expenses, necessitating the need for ships to go via Nhava Sheva.

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Refiners postpone maintenance shutdowns to meet local fuel demand

Indian Oil Corporation and Bharat Petroleum Corporation have postponed planned refinery maintenance to meet rising domestic fuel demand, a government official said. However, Nayara Energy will shut its Vadinar refinery from April 9 for maintenance, which may tighten LPG supply. The shutdown, earlier delayed due to EU sanctions affecting equipment access, now comes amid efforts to balance supply needs.

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PMI Services slips to 14-month low of 57.5 in March

India’s services sector growth slowed in March, with the PMI falling to a 14-month low of 57.5, according to S&P Global, as the Middle East conflict hit demand, tourism and business activity. Input price inflation surged to a 45-month high, raising costs for firms, while manufacturing PMI also dipped to 53.9. Despite this, new export orders remained strong and job creation rose for the third straight month, with firms staying optimistic about future demand, said HSBC economist Pranjul Bhandari.

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Script and VO: Rowan Barnett

Published on April 7, 2026