To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc

Banks across India will see scattered closures this week.

• April 29: Parshuram Jayanti (Himachal Pradesh)
  

• April 30: Akshaya Tritiya & Basava Jayanti (Multiple States)
  

• May 1: Nationwide shutdown for Labour Day, Maharashtra Day, and Gujarat Day. If you have urgent banking needs, act fast before the long break hits.
  

After a pause, Ather Energy is hitting the market with its IPO, priced between ₹304–₹321 per share.

• Subscription: April 28–30
  

• Grey Market Premium: ₹17 above issue price
  

• Listing: May 6 Proceeds will fund a new Maharashtra plant, R&D, marketing, and debt repayment. Early buzz suggests Ather could electrify the IPO street.
  

Cars24 has laid off over 200 employees in product and tech as part of a cost restructure, right after acquiring Team-BHP.

CEO Vikram Chopra called it a reflection of misplaced bets, not performance.

Employees will get severance, mentorship, and redeployment support.

Cars24 now focuses on becoming leaner in a tough auto-tech space.

TVS Motor is expected to post 13% revenue growth in Q4, thanks to strong scooter and EV sales.

EV sales soared 30%, while premium motorcycle models like Apache also saw double-digit growth.

Key investor focus areas:

• International expansion after Ion Mobility deal
  

• EV market defense against Ola and Bajaj
  

• Premiumization strategy for motorcycles TVS remains a stock analysts are bullish on for FY26.
  

RBI Governor Sanjay Malhotra urged U.S. investors to back India, calling it a rare beacon of growth and stability amid global headwinds.

• Expected GDP growth: 6.5% in 2025
  

• RBI shifts to an accommodative stance, signaling more rate cuts Malhotra’s message: India remains the fastest-growing major economy, despite trade wars and global uncertainty.
  

River Mobility posted a 20x revenue surge to ₹104 crore but saw losses balloon to ₹176 crore in FY25.

Aggressive retail expansion (25 stores) boosted scooter sales but increased burn rates.

The goal:

• 100 stores by FY26
  

• Gross margin profitability by October
  

Bank Holidays: Plan Ahead!⚡ Ather Energy IPO: Full Throttle🚗 Cars24 Cuts 200 Jobs🛵 TVS Motor Speeds Past Rivals🇮🇳 RBI’s Pitch: India Is The Safe Bet⚡🛵 River Mobility: Racing with RiskEBITDA positivity at 15,000–20,000 units/month sales Yet, competition from giants like Hero and TVS, consumer safety concerns, and poor EV infrastructure pose serious survival challenges.