BL Morning Report , April 1, 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.

The Reserve Bank of India has deferred implementation of the recently issued Amendment Directions on Capital Market Exposures of Banks by three months to July 1, 2026.

The move follows representations from stakeholders including banks, capital market intermediaries, and industry associations.

The RBI has also issued clarifications on acquisition finance, expanding it to include mergers and amalgamations, while restricting it to cases involving acquisition of control in non-financial target companies.

You can read more here

Moving on.

India’s IT sector is expected to see a steady but largely ordinary fourth quarter for FY26.

Analysts point to selective demand, healthy deal pipelines, and early opportunities in AI-led projects supporting modest growth.

However, elongated decision-making cycles and weak discretionary spending continue to limit upside.

Industry experts say demand remains stable but not broad-based, with growth likely to stay in the mid-single-digit range as recovery continues.

Details here

Next.

In the electric mobility space, Switch Mobility has overtaken Tata Motors and Olectra Greentech to become India’s largest electric bus maker in FY26.

Backed by the Hinduja Group, the company recorded a 177 per cent surge in volumes, far ahead of the market’s 44 per cent growth.

Switch Mobility clocked 1,144 units in FY26, with its market share rising to 26.4 per cent, driven largely by strong execution in large state transport tenders.

More on this story

And finally.

The new Income-tax Act, 2025, set to come into effect from April 1, 2026, marks a major overhaul of India’s tax framework.

The changes focus on simplifying compliance, improving transparency, and rationalising exemptions for salaried taxpayers.

Among the key updates — expanded House Rent Allowance benefits, with more cities now eligible for the higher 50 per cent exemption limit.

There is also a sharp increase in children’s education allowance, rising from Rs 100 per child per month to Rs 3,000.

Meal-related tax exemptions have also been raised significantly, from Rs 50 per meal to Rs 200.

Other changes include updates to how perks are taxed, company car usage, and provisions for overseas medical treatment.

Full explainer here

Published on April 1, 2026