Rubicon Research rose 1.02% to Rs 879 after it has announced the acquisition of an 85% equity stake in Arinna Lifesciences, a branded pharmaceutical marketing company focused on the CNS and neuro-psychiatric segment in India. The deal values Arinna at an enterprise value of Rs 200 crore on a cash and debt-free basis, with the purchase consideration for the stake pegged at around Rs 175.92 crore. The transaction will be executed entirely in cash and is subject to customary closing conditions and regulatory approvals. Incorporated in 2013, Arinna operates a portfolio of over 60 brands across chronic therapies, including antiepileptics, antidepressants, antipsychotics and thymoleptics. The company has an established distribution network covering more than 4,000 prescribers across India through stockists, distributors and retail pharmacies. Arinna reported turnover of Rs 71.5 crore in FY25, Rs 65.14 crore in FY24, and Rs 60.06 crore in FY23, indicating steady growth in its domestic formulations business. Rubicon said the acquisition strengthens its strategy of expanding in chronic therapies, particularly the CNS segment, where it sees long-term growth potential. The company added that Arinnas distribution reach and product portfolio, along with its pipeline of specialty products and drug-device combinations, will support deeper access to patients and prescribers in India. The acquisition is expected to be completed within one month of signing definitive agreements, or within mutually agreed timelines. Commenting on the acquisition, Parag Sancheti, Rubicons Chief Executive Officer said The past decade has demonstrated the effectiveness of Rubicons playbook of R&D innovation, execution rigor and impeccable compliance standards which enabled us to scale our US revenues by over 32 x from FY15 to FY25 while delivering best-in-class return ratios. Arinna now provides us a launchpad for deploying this playbook in the Indian domestic formulations market. Strategic M&A has always been integral to Rubicons strategy and our confidence stems from having successfully integrated and scaled acquisitions to foray into new segments such as US branded specialty in 2024 and nasal products development in 2020. I am pleased to welcome Vivek and the Arinna team to the Rubicon family. Rubicon Research is a pharmaceutical formulations company focused on innovation-led research and development, with a growing portfolio of specialty products and drugdevice combination offerings aimed at regulated markets. The companys consolidated net profit climbed 91.2% to Rs 72.79 crore on 51.73% increase in revenue from operations to Rs 475.52 crore in Q3 FY26 over Q3 FY25. First Published: Apr 17 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 17 2026 | 9:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Further, the Company has received a LOA variation order from Salem Division, Southern Railway (SR) Zone of Indian Railways, for Provision of Passenger Information System in connection with Amrit Bharat Scheme at Tirupattur, Samalpatti, Morappur, Bommidi, Salem stations and CAMC for a period of five years of Salem Division, for an amount of Rs. 1,09,45,604. First Published: Apr 17 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 37.50 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth Rs 382.36 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 3,427.75 crore in the Indian equity market on 16 April 2026, provisional data showed. The FIIs had sold shares worth Rs 39,907.30 crore in April (till 16 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded lower Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Streets record-setting rally. The U.S. President Donald Trump on Friday said that the war in Iran should be ending pretty soon, reiterating rosy predictions about the end of the conflict. Hours earlier, Trump confirmed that Israel and Lebanon had agreed to a 10-day ceasefire. Irans parliament speaker has said that Israel halting attacks on Lebanon is a key condition for U.S.-Iran negotiations to start. The next round of in-person talks between the U.S. and Iran may occur probably, maybe, next weekend, Trump reportedly said on Thursday. A two-week ceasefire between the U.S. and Iran will expire on April 21. Overnight on Wall Street, the S&P 500 and Nasdaq Composite rose to fresh all-time highs on Thursday, adding to their strong gains this week on optimism for a possible resolution to the Iran war. The broad market index gained 0.26% to close at 7,041.28, while the Nasdaq gained 0.36% to settle at 24,102.70. The Dow Jones Industrial Average added 115 points, or 0.24%, and ended at 48,578.72. Stocks have risen in recent days on hopes for an eventual peace deal between the two nations. The S&P 500 kicked off the week by wiping out all of its losses since the beginning of the Iran war. Even if a U.S.-Iran peace deal were to come to fruition in the near term like investors anticipate, there could still be some market volatility approaching due to the wars potential impact on the U.S. economy. Domestic Market: The headline equity indices erased early gains to end marginally lower in a volatile session on Thursday. Tracking positive global cues, the markets opened higher on optimism around a potential US-Iran peace deal and held gains in the first half. However, selling pressure in the latter half wiped out intraday advances, pulling the Nifty 50 below the 24,200 mark. Private banks and auto stocks led the decline, while metal and IT shares provided some support. Volatility remained elevated due to the weekly expiry of Sensex derivatives and the ongoing Q4 earnings season, with investors closely monitoring signs of de-escalation between the United States and Iran. The S&P BSE Sensex declined 122.56 points or 0.16% to 77,988.68. The Nifty 50 index fell 34.55 points or 0.14% to 24,196.75. First Published: Apr 17 2026 | 9:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Through its wholly owned subsidiary - Lumel SA The contract, valued at 3 million (Rs 30 crore), covers the supply of advanced electronic devices for industrial automation applications within the energy sector. The agreement is valid through the end of 2027, with potential for extension based on mutual agreement and project requirements. This marks the second order from the same customer, demonstrating the strength of the relationship and continued confidence in Lumel SA's capabilities and solutions. This strategic engagement follows several months of collaborative development and engineering between the teams at Lumel SA and the German partner, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector. The new order reinforces Lumel SA's international expansion strategy and underscores its commitment to innovation. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Lupin Pharmaceuticals, Inc. USA (LPI), a wholly owned subsidiary of the Company, has been involved in multiple civil lawsuits alleging anticompetitive behavior related to certain products and violation of federal and state antitrust laws. These multiple civil lawsuits were then combined into the collection of similar cases referred to as In Re Generic Pharmaceuticals Antitrust Litigation (Litigation), located in Philadelphia, Pennsylvania. While LPI denies the allegations but considering that other defendants have recently settled the case and in order to avoid the costs and uncertainties of continued Litigation, LPI has entered into a Settlement Agreement (Agreement) with one of the Plaintiffs namely Humana Inc. (Humana). Under the terms of the Agreement, LPI will pay USD 30 million (US Dollars Thirty million) in consideration for a full and final release of all claims against LPI and its current and former parents, affiliates, directors, employees and officers by Humana. This amount of settlement has already been provided in the Company's prior consolidated financial results. The settlement explicitly states that LPI denies all allegations made against it, and that the Agreement does not imply any admission of liability or unlawful conduct by LPI. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 131.31% to Rs 1102.40 crore For the full year,net profit rose 108.89% to Rs 478.70 crore in the year ended March 2026 as against Rs 229.16 crore during the previous year ended March 2025. Sales rose 108.51% to Rs 3331.42 crore in the year ended March 2026 as against Rs 1597.75 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 38.20% to Rs 1459.42 crore For the full year,net profit declined 21.93% to Rs 915.10 crore in the year ended March 2026 as against Rs 1172.08 crore during the previous year ended March 2025. Sales declined 1.94% to Rs 5136.61 crore in the year ended March 2026 as against Rs 5238.38 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net loss reported to Rs 0.31 crore in the year ended March 2026 as against net loss of Rs 0.29 crore during the previous year ended March 2025. Sales rose 70.42% to Rs 1.21 crore in the year ended March 2026 as against Rs 0.71 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sales rise 30.95% to Rs 456.54 crore For the full year,net profit rose 0.64% to Rs 292.26 crore in the year ended March 2026 as against Rs 290.40 crore during the previous year ended March 2025. Sales rose 4.75% to Rs 1460.74 crore in the year ended March 2026 as against Rs 1394.55 crore during the previous year ended March 2025. First Published: Apr 17 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government has extended support under the ?10,900 crore PM E-DRIVE scheme. First Published: Apr 14 2026 | 5:34 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 14 2026 | 5:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Gail (India) said that its board has approved the setting-up of a greenfield 600 MW solar project in Uttar Pradesh. The companys current solar capacity is approximately 29 MW. The aforementioned 600 MW solar project would also host a 550 MWh co-located battery energy storage system (BESS). The project would be completed within a period of 15 months and the total cost of the same would be Rs 3,294.86 crore. The project would be funded via a mix of debt and equity. GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. The company reported 19.5% drop in standalone net profit to Rs 1602.57 crore on a 2.5% fall in gross sales to Rs 34,075.81 crore in Q3 FY26 as compared with Q3 FY25. The scrip had shed 0.26% to end at Rs 153.65 on the BSE on Monday. First Published: Apr 14 2026 | 5:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meanwhile, Samrat Choudhary is set to take over as the next Chief Minister after being elected leader of the Bharatiya Janata Party Legislature Party in the state. This will mark the first time that the BJP will have its own Chief Minister in Bihar. The swearing-in ceremony of the new government is expected to take place on 15 April 2026 at Lok Bhawan, with Narendra Modi likely to attend the event. In a social media post, Kumar said that a new government would now take charge of the states affairs. He extended his full cooperation and guidance to the incoming administration and thanked the people for their support in Bihars development. Kumars resignation marks the end of a significant political chapter in the state. He served as Chief Minister for over two decades and had taken oath for a record tenth term on 20 November 2025. His latest tenure concluded on 14 April 2026, coinciding with the end of the Kharmas period. First Published: Apr 14 2026 | 4:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 4:49 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 4:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overnight - 7.90% One month - 8.20% Three month - 8.40% Six month - 8.65% One year - 8.75% Two year - 8.75% Three year - 8.85% First Published: Apr 14 2026 | 3:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 3:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ACME Solar Holdings (ASHL), through its wholly owned subsidiary i.e. ACME Surya Power, has commissioned the fourth phase of 32.366 MW / 145.435 MWh capacity of Battery Energy Storage System (BESS) Project located at Village: Jaimalsar, Dist: Bikaner, State: Rajasthan, on 13 April 2026. The Commercial operation date (COD) for the stated phase-IV shall be 15 April 2026. With this, ACME Surya Power has achieved a commissioned capacity of 13 .50 MW / 626.875 MWh. First Published: Apr 14 2026 | 3:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Poonawalla Fincorp announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,500 crore. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company's strategy and growth outlook. Key Transaction Highlights: First Published: Apr 14 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bluspring Enterprises said that Bluspring New Horizon Two has entered into a definitive agreement to acquire 100% shareholding of LSG Sky Chefs (India) (LSG India), marking its strategic entry into the aviation catering sector. Bluspring New Horizon Two is a wholly owned subsidiary of Bluspring Enterprises. LSG India is ultimately owned by AURELIUS, a global private equity investor widely recognised for its operational approach and operates airline catering facilities at Bengaluru and Hyderabad airports. The proposed transaction involves the acquisition of the Bengaluru operations, with the Hyderabad operations to be carved out prior to closing. The transaction is expected to close within the next 6090 days, subject to customary closing conditions. Founded in 2001, LSG India is a leading provider of in-flight catering and allied aviation services for domestic and international airlines, including IndiGo, Lufthansa, Etihad and Qatar Airways. Backed by strong operational infrastructure, the Bengaluru kitchen spans an area of 9,272 square meters with a capacity of approximately 15,000 meals per day, and additional expansion potential to support future growth. The companys integrated catering and logistics capabilities enable it to cover the end-to-end aviation catering value chain. The company had recorded turnover of Rs 101 crore in FY25. Bluspring Enterprises has acquired 100% stake in LSG Sky Chefs (India) for a total consideration of Rs 129 crore. The acquisition gives Bluspring access to in-flight catering facilities operating at Bengaluru Airport under a long-term concession agreement until 2039. According to Bangalore International Airport (BIAL) estimates, air passenger traffic at Bengaluru airport is poised to rise from 45 million now to over 70 million by 2030, which would provide Bluspring with a strong platform to capture the high growth aviation catering business across India. Kamal Pal Hoda, executive director & CEO, Bluspring Enterprises, said: "This acquisition marks a strategic milestone for Bluspring as we enter the aviation services ecosystem through a high-quality operating asset at Bengaluru Airport. It gives us immediate scale in a niche, high-entry-barrier segment while creating opportunities to expand into adjacent airport-linked services. The business complements our existing food services vertical, significantly expanding margins and ROE, and supports our long-term growth and profitability ambitions. Bluspring Enterprises is an integrated infrastructure services enterprise. It delivers integrated facility management, food and hospitality, security (powered by Terrier), engineering asset management (powered by Hofincons), and telecom networks (powered by Vedang) through its category-leading brands. The scrip had added 3.44% to end at Rs 66.83 on the BSE yesterday. First Published: Apr 14 2026 | 3:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Eimco Elecon (India) reported a 57.22% year-on-year decline in standalone net profit to Rs 6.36 crore for the quarter ended 31 March 2026, compared with Rs 14.87 crore in the corresponding quarter last year. However, revenue from operations rose 4.04% to Rs 66.88 crore in Q4 FY26 as against Rs 64.28 crore in Q4 FY25. Profit before tax (PBT) slumped 54.55% year on year (YoY) to Rs 8.94 crore in Q4 FY26. Total expenses jumped 16.09% to Rs 56.62 crore in Q4 FY26, compared with Rs 48.77 crore in Q4 FY25. Cost of material consumed stood at Rs 22.97 crore (down 21.44% YoY) while compensation to distributors stood at Rs 7.57 crore (up 1.61% YoY) during the period under review. The company has recommended a dividend of Rs 4 per equity share (40%) on 57,68,385 fully paid-up equity shares of Rs 10 each for FY26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of its conclusion. Eimco Elecon (India) is principally engaged in the business of manufacturing of equipment for mining and construction sector. Shares of Eimco Elecon (India) fell 0.20% to end at Rs 1,760.50 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 3:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 13 April 2026 The existing Authorised equity share capital of LIC is Rs. 25,000 crore and the paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase to Rs. 12,649.99 crore. The Reserves & Surplus (In India) stood at Rs. 1,46,440.58 crore as at 31st December 2025 and the Profit After Tax for nine month period ended 31st December, 2025 was Rs. 33,998 crore. First Published: Apr 14 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Monarch Surveyors and Engineering Consultants said that it has secured a contract worth Rs 130 crore from Northern Railway for survey and land acquisition-related works. The contract involves carrying out Final Location Survey (FLS), including geotechnical studies, design, and preparation of drawings, along with other preliminary activities for preparation of detailed project reports (DPRs), land acquisition, and EPC tender documentation. The scope also includes facilitating the Competent Authority for Land Acquisition (CALA) for railway projects such as new lines, bypass/chord lines, doubling or multi-tracking, and flyovers under Northern Railway. The project is to be executed within 36 months from the date of issuance of the letter of acceptance. The contract has been awarded by a domestic entity and will be executed within India. The transaction does not fall under related party transactions, and the promoter or promoter group companies do not have any interest in the awarding entity, the company added. The contract is subject to necessary approvals from relevant governmental authorities and will be executed on a cash consideration basis. Monarch Surveyors provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to Rs 34.83 crore, on a 10.5% increase in revenue to Rs 154.14 crore in FY25 compared with FY24. Shares of Monarch Surveyors and Engineering Consultants added 0.91% to end at Rs 217 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 2:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rahul Chari, Co-Founder & CTO, PhonePe This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Rahul Chari, Co-Founder & CTO, PhonePe First Published: Apr 14 2026 | 2:41 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 2:38 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 2:10 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
With effect from 14 April 2026 Deven Jani, Vice President - Strategic Sourcing who was heading the strategic sourcing function and also taking care of initiatives under i2v (Innovate to Value) and ESG will be moving out of strategic sourcing and re-designated as Vice President - i2v & ESG Head. Under the new role Mr. Deven will take on a focused role as i2v & ESG Leader and cease to be part of the Senior Management Personnel of the Company w.e.f 14 April 2026. Shirish Shah has been appointed as Vice President - Strategic Sourcing, in the category of Senior Management of the Company w.e.f. 14 April 2026. First Published: Apr 14 2026 | 2:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RailTel Corporation of India announced that it has secured a work order worth Rs 43.96 crore from the Uttar Pradesh Police Recruitment and Promotion Board. The contract entails providing security-related ancillary services during recruitment examinations conducted by the board. The order, awarded by a domestic entity, is to be executed by 12 April 2028, the company said in a regulatory filing. RailTel added that neither its promoters nor promoter group companies have any interest in the awarding entity and the transaction does not fall under related party dealings. The work order was received on 13 April 2026, at 15:39 IST and will be executed under an actual use basis revenue model along with fixed income terms. Separately, the company said that a previously awarded work order worth Rs 17.12 crore from the Navodaya Vidyalaya Samiti has been cancelled. The cancellation was due to unavoidable administrative circumstances, RailTel said, adding that it has not specified the financial impact of the development. RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The companys standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26. Shares of RailTel Corporation of India shed 0.47% to end at Rs 284.45 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aditya Birla Real Estate said that Birla Estates has recorded a strong response to Phase-4 of Birla Trimaya, generating bookings of approximately Rs 650 crore. This represents over 85% of the total booking value of the launched inventory for the phase, with around 460 units sold, reflecting sustained homebuyer interest in the development. With this, the cumulative booking value across all launched phases of Birla Trimaya stands at approximately Rs 2,459 crore. Birla Trimaya is a premium township offering, featuring 1 to 4 BHK residences. The township is spread across a 52-acre development in Devanahalli, North Bengaluru. Devanahalli continues to emerge as one of Bengaluru's fastest-growing residential corridors, driven by its proximity to Kempegowda International Airport. Strong connectivity via NH-44, Hebbal, and the Outer Ring Road, along with ongoing infrastructure upgrades and expansion of IT and employment hubs in North Bengaluru, is steadily driving residential demand beyond the city's traditional core. The company further said that Birla Trimaya has consistently witnessed strong buyer traction across its previous launches. The Phase-I was completely sold out within 36 hours, clocking bookings of approximately Rs 500 crore. Phase-II achieved nearly Rs 600 crore in bookings within 24 hours, while Phase III recorded around Rs 500 crore in bookings within the first 24 hours of launch. KT Jithendran, MD & CEO Birla Estates said: "The robust response to Birla Trimaya Phase-4 reflects the increasing maturity of homebuyer demand in North Bengaluru, with buyers prioritising well-planned developments that offer both quality of life and long-term value." Aditya Birla Real Estate (formerly known as Century Textiles and Industries) was established in 1897. It has a presence in the cotton textiles, pulp & paper, and real estate sectors. The company reported a consolidated net loss of Rs 72.85 crore in Q3 FY26, compared with a net loss of Rs 40.59 crore in Q3 FY25. Total income declined 56.70% year-on-year (YoY) to Rs 90.33 crore for the quarter ended 31 December 2025. The scrip had gained 0.33% to end at Rs 1364.75 on the BSE on Monday. First Published: Apr 14 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Every $10 per barrel increase in crude adds roughly ?6 per litre to marketing losses, the report said Losses on petrol have widened to ?18 per litre and to ?35 on diesel as state-owned fuel retailers continue to keep pump prices frozen despite a sharp rise in input costs, sources said. Despite prices being deregulated more than a decade back, state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not changed the retail petrol and diesel price since April 2022. Global crude oil prices have seen sharp fluctuations over this period - from above $100 per barrel following the Russia-Ukraine war, to easing to around $70 a barrel earlier this year, before surging again to about $120 last month after the US-Israel attacks on Iran triggered fresh supply concerns. The three firms were incurring losses of about ?2,400 crore per day at the peak last month, which have since narrowed to around ?1,600 crore daily after the government cut excise duty on petrol and diesel by ?10 per litre each - a reduction that was not passed on to consumers but used to partly offset losses, industry sources said. The losses in March have wiped away all gains they made in January/February, they said, adding the three firms are most likely to post losses in the January-March quarter. Macquarie Group, in a report on 'India Fuel Retail', said, "At spot petrol-diesel pricing of $135-165 per barrel, we estimate India's oil marketing companies lose ?18 and ?35 per litre on petrol and diesel sales (respectively)." Every $10 per barrel increase in crude adds roughly ?6 per litre to marketing losses, the report said. The brokerage flagged a high likelihood of retail fuel price hikes after elections in key states like West Bengal and Tamil Nadu at the end of this month. "We see risk of higher pump prices post state elections in April." India, which imported about 88 per cent of its crude oil requirement in 2025, remains highly exposed to global price swings. Around 45 per cent of imports came from the Middle East, 35 per cent from Russia and 6 per cent from the United States. Despite this, the country continued to be a net exporter of key petroleum products, including diesel, petrol and aviation turbine fuel. While the government cut excise duty on fuels by ?10 per litre in March, central levies have been on a declining trend and now stand at ?11.9 per litre on petrol and ?7.8 per litre on diesel. Even a complete removal of excise duties would not fully offset OMC losses at current prices, the report noted. State-level VAT rates, however, have largely remained stable. The fiscal implications of further tax cuts could be significant. Based on provisional consumption estimates of about 170 billion litres in FY26, a full rollback of excise duties could lead to an annual revenue loss of around $36 billion, widening the fiscal deficit by an estimated 80 basis points, it said. The contribution of fuel excise duties to government revenue has already declined to about 8 per cent in FY26 from 22 per cent in FY17, and now accounts for less than a fifth of the fiscal deficit, down from a peak of 45 per cent. Higher crude prices also pose a risk to India's external balances. The current account deficit, which was near balance in mid-2025, is expected to widen to around $20 billion in the first quarter of 2026. A sustained $10 per barrel rise in crude could expand the deficit by roughly 30 basis points of GDP, assuming no policy response, the Macquarie report said. Earnings visibility for OMCs remains uncertain, with every $1 per barrel change in crude prices impacting EBITDA by about 5 per cent. The sector's break-even crude price is estimated at $80-85 per barrel. Given the outlook, Macquarie Group said it prefers utilities over oil marketing companies in the near term. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 1:24 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Hindustan Zinc said that it has been declared as successful bidder for the Jhandawali - Satipura Amalgamated Potash and Halite Block in Rajasthan following participation in the e-auction conducted by the Ministry of Mines, Government of India. The company secured the block with the highest final price offer of 3.05%, as per a notification dated 12 April 2026. The Jhandawali Satipura Amalgamated Potash and Halite Block is at G3 level of exploration with total area of 1841.22 hectares for the block. Hindustan Zinc, part of the Vedanta Group, is the worlds largest integrated zinc producer and among the top five silver producers globally. The company exports to more than 40 countries and holds around 77% share of Indias primary zinc market. The companys consolidated net profit jumped 46.23% to Rs 3916 crore while net sales rose 27.81% to Rs 10627 crore in Q3 December 2025 over Q3 December 2024. The counter shed 0.27% end at Rs 562.60 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 1:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Life Insurance Corporation of India (LIC) announced that its board has approved the issuance of bonus equity shares in the ratio of 1:1 to the existing shareholders. The companys existing authorised equity share capital stands at Rs 25,000 crore while its paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase to Rs 12,649.99 crore. The reserves & surplus (In India) stood at Rs 1,46,440.58 crore as at 31st December 2025 and the company posted a profit after tax of Rs 33,998 crore for the nine-month period ended 31 December 2025. R Doraiswamy, CEO & MD, LIC said, Since listing in May 2022, LIC has been paying dividends consistently and also increasing the dividend per share over a period of time from Rs 1.50 per share to Rs 12 per share. We have been continuously evaluating various mechanisms for rewarding our shareholders and we believe this proposed bonus issue is a significant step taken by us in that direction. We are thankful to our shareholders for their support, patience and belief in our strategy and execution. We are confident that our entire transformation initiatives are leading to tangible results and will continue to yield better outcomes for all. LIC is engaged in the business of Life Insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC. On a consolidated basis, net profit rose 17.46% YoY to Rs 12,930.44 crore in Q3 FY26, while total income increased 15.74% YoY to Rs 2,36,776.30 crore compared with Q3 FY25. The counter rose 0.71% to settle at Rs 804.25 on Monday, 13 April 2026. The stock market will remain closed today on account of Dr Babasaheb Ambedkar Jayanti. First Published: Apr 14 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of India (RBI) announced the sale (re-issue) of two dated securities for a notified amount of ?32,000 crore. The government has announced the sale of 6.36% GS 2031 for a notified amount of ?21,000 crore and 6.90% GS 2065 for a notified amount of ?11,000 crore. GoI will have the option to retain additional subscription up to ?2,000 crore against each security. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution on April 17, 2026 (Friday). First Published: Apr 14 2026 | 11:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
FPIs sold equities worth ?1.12 trillion in March—their highest monthly outflow on record First Published: Apr 14 2026 | 11:28 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Just Dial reported a 36.54% decline in standalone net profit to Rs 100 crore, despite a 6.23% increase in net revenue to Rs 307.24 crore in Q4 FY26 over Q4 FY25. Operating EBITDA rose marginally by 3.13% YoY to Rs 88.8 crore. However, EBITDA margin declined by 86 basis points to 28.9% in Q4 FY26, down from 29.8% in the same quarter last year. Total traffic (unique visitors) stood at 182.4 million during the quarter, marking a 4.7% YoY decline. Of this, 85.7% of traffic originated from mobile platforms, 11.5% from desktop/PC, and 2.8% from the voice platform. Total ratings and reviews increased to 157.1 million at the end of the quarter, growing 2.9% YoY. During the quarter, Active paid campaigns stood at 631,530, registering a 3% YoY increase. On a full-year basis, standalone net profit declined 14.92% YoY to Rs 497.02 crore, while total revenue rose 6.29% to Rs 1,213.86 crore in FY26 compared to FY25. Shwetank Dixit, Chief Growth Officer, Just Dial, commented: FY26 was an important year for Justdial, as we continued to evolve the platform into a more intelligent and automation-driven experience. During the year, we made meaningful progress in building AI-led tools aimed at helping businesses manage and grow their digital presence more effectively. We also began integrating agentic-AI across key areas such as sales workflows and content management to improve efficiency and scalability. As we move into FY27, our focus will be on expanding these capabilities across more customer and merchant touchpoints. Our focus remains on building a platform where users can easily find what they need and businesses can connect with genuine customers and grow efficiently. Meanwhile, the companys board announced that Abhishek Bansal will step down from his role as chief financial officer and key managerial personnel, effective at the close of business hours on 15 April 2026, citing personal career considerations and a desire to explore opportunities outside the company. Just Dial is the market leader in the local search engine segment in India. The company provides local search-related services to users across India in a platform-agnostic manner. The counter slipped 1.54% to end at Rs 572.35 on the BSE. First Published: Apr 14 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Strait of Hormuz First Published: Apr 14 2026 | 10:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Washington probably hopes that Beijing will convince Iran to soften its demands at the negotiating table, as it has done previously First Published: Apr 14 2026 | 10:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First large-scale Sobha Realty development in Abu Dhabi First Published: Apr 14 2026 | 9:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
ArisInfra Solutions said that it has signed a memorandum of understanding (MoU) with Capacit'e Infraprojects for the procurement of construction and building materials worth a minimum aggregate value of Rs 800 crore. The company clarified that neither the promoter/promoter group has any interest in the counterparty nor does the transaction fall under related party transactions. ArisInfra Solutions is a B2B tech company that simplifies the procurement process for construction materials throughout India. It serves real estate and infrastructure developers. It provides a complete digital platform for sourcing materials such as cement, steel, aggregates, RMC, and more. The company's consolidated net profit surged 791.2% to Rs 18.27 crore on a 49% rise in revenue to Rs 270.84 crore in Q3 FY26 as compared with Q3 FY25. Shares of ArisInfra Solutions ended flat at Rs 113.01 on 13 April 2026. First Published: Apr 14 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Mohali-based diesel engine maker Swaraj Engines reported a 20.12% jump in net profit to Rs 54.56 crore in Q4 FY26, compared with Rs 45.42 crore in Q4 FY25. Engine sales for the quarter stood at 55,004 units, up from 45,594 units sold in Q4 FY25. The company highlighted consistent growth across all four quarters of FY26, marking its sixth consecutive year of higher engine sales and profit compared to previous years. For the full year, net operating revenue rose 19.3% YoY to Rs 2,007.13 crore, up from Rs 1,681.89 crore in FY25. Profit before exceptional items and tax stood at Rs 266.98 crore, compared to Rs 223.05 crore in the previous year. Profit after tax increased 18.3% to Rs 196.31 crore from Rs 165.98 crore, marking the companys highest-ever annual profit. The company also reported its highest-ever annual engine sales volume in FY26, crossing the 200,000-unit milestone for the first time. Q4 FY26 also recorded the highest quarterly engine sales volume. The board has recommended an equity dividend of 1100% (Rs 110 per share) for the financial year ending 31 March 2026. The record date for the AGM and dividend is set as 3 July 2026. The dividend, if approved, will be paid or dispatched after 20 July 2026, within the stipulated timeline. Swaraj Engines (SEL) was set up in 1985 in Mohali, Punjab, and is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra (M&M). Shares of Swaraj Engines shed 0.96% to settle at Rs 3,900.95 on 13 April 2026. First Published: Apr 14 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
H.G. Infra Engineering has secured an order worth Rs 519.33 crore from Mirzapur Thermal Energy (UP) for the execution of civil and railway infrastructure works at its 2x800 MW thermal power project in Mirzapur, Uttar Pradesh. The order has been awarded by a domestic entity. The promoter/promoter group has no interest in the awarding entity, and the contract does not fall under related party transactions. H.G. Infra Engineering (HGIEL) is an Indian road infrastructure company engaged in the business of Engineering, Procurement, and Construction (EPC) services and maintenance of roads, bridges, flyovers, and other infrastructure contract works. On a consolidated basis, the company's net profit fell 18.1% to Rs 94.28 crore, despite a 12.4% rise in revenue from operations to Rs 1,421.16 crore in Q3 FY26 compared to Q3 FY25. Shares of H.G. Infra Engineering rose 1.59% to settle at Rs 553.90 on 13 April 2026. First Published: Apr 14 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 14 2026 | 7:22 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The naval formation is accompanied by multiple support and escort vessels The United States Navy currently maintains a presence of at least 15 ships in the Middle East region, including the aircraft carrier USS Abraham Lincoln and 11 destroyers, which could potentially take part in a maritime blockade of Iran's ports, according to a US official, following orders from President Donald Trump, CNN reported. However, it remains unclear which specific vessels are positioned or designated for participation in the blockade, as earlier assessments indicate that the naval assets are widely dispersed across the US Central Command's area of operations. The deployed fleet includes the aircraft carrier USS Abraham Lincoln along with 11 destroyers, including the USS Bainbridge, USS Thomas Hudner, USS Frank E. Petersen Jr., USS Delbert D. Black, USS John Finn, USS Michael Murphy, USS Mitscher, USS Pinckney, USS Rafael Peralta, USS Spruance and USS Milius. In addition, the Tripoli Amphibious Ready Group, comprising USS Tripoli, USS New Orleans, and USS Rushmore, is also deployed in the region. The naval formation is accompanied by multiple support and escort vessels; however, it would need to transit either through the Suez Canal or exit the Mediterranean Sea and sail around Africa before reaching a position suitable to support any blockade operations. Meanwhile, the US president imposed a naval blockade on Iranian ports, following marathon talks in Pakistan over the weekend that failed to yield any agreement. The heightened military pressure follows the collapse of high-level diplomatic efforts aimed at resolving the regional crisis. The US President maintained that the primary sticking point in the negotiations remains Tehran's nuclear ambitions, asserting that "Iran will not have a nuclear weapon." Reflecting on the failed weekend dialogue, Trump noted, "We agreed to a lot of things, but they didn't agree to that, and I think they will agree to it. I'm almost sure of it. In fact, I am sure of it." Trump issued a stark ultimatum regarding the ongoing diplomatic efforts, stating, "If they don't agree, there's no deal. There will never be a deal." Beyond the nuclear freeze, the US has prioritised the retrieval of enriched uranium currently held within Iran. "We're going to get the dust back. We'll get it back. Either we'll get it back from them or we'll take it," the President added. The urgency of the situation is underscored by a two-week ceasefire Trump announced last week. However, following the faltering of peace talks in Pakistan, Vice President JD Vance confirmed that Iran would not commit to forgoing a nuclear weapon. Trump warned that if an agreement is not reached by the end of the ceasefire, "it won't be pleasant for them." When questioned by reporters if his previous threat that "a whole civilization will die" still stands should the ceasefire expire without a deal, the President declined to elaborate further. "I don't want to comment on that, but it won't be pleasant for them. Let me put it that way," Trump responded. Before the current pause in hostilities, the US President had threatened to destroy Iran's power plants, suggesting it "makes no difference to me" whether an agreement is ultimately reached. Despite the unilateral nature of the current US military action, Trump claimed that "other countries," though he did not specify which, are offering to help the United States' blockade of Iranian ports. While he did not specify which nations had reached out, he suggested that the US was capable of maintaining the maritime pressure alone. "We don't need other countries, frankly. But they've offered their services," the President said, adding that further details regarding international involvement will be "let it be known, probably tomorrow. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices fell in early Asian trade on Tuesday as signs of potential US-Iran dialogue to end their war reduced concerns about supply risks stemming from the US blockade of the Strait of Hormuz. Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT. Both benchmarks had ?risen in the previous session, with Brent climbing more than 4 per cent and WTI nearly 3 per cent, after the US military began a blockade nL6N40V09S of Iran's ports. The US military said nL1N40W0DH on Monday that its blockade of the Strait of Hormuz would extend east to the Gulf of Oman and Arabian Sea, while ship-tracking data showed two ships turned around in the strait as the blockade went into effect. Iran, in response, threatened to target ports in Gulf-bordering nations following the collapse of weekend talks in Islamabad aimed at resolving the crisis. "Despite the breakdown of peace talks in Pakistan over the weekend, Trump has managed to take some steam out of the oil price again dangling carrot of a possible deal," ?said Tim Waterer, chief market analyst at KCM Trade. Sources familiar with the negotiations said dialogue nL4N40W0L7 between Iran and the US was still alive, while Pakistani Prime Minister Shehbaz Sharif affirmed ongoing efforts to de-escalate tensions. Trump said on Monday that Iran "wants to make a deal" nL6N40W11B. ANZ analysts estimate L1N40W154 that about 10 million barrels per day of crude supply have been effectively removed from the market, adding that a prolonged US blockade could curb an additional 3 million to 4 million bpd of crude shipments. "The oil market no longer needs a worst-case escalation to justify higher pricing levels. Tight balances alone are sufficient to sustain the price of Brent ?near or above recent threshold levels," ANZ said in a client note. Nato allies, including Britain and France, refrained nL8N40W0OM from joining the blockade, advocating instead for reopening the vital waterway. US Energy Secretary Chris Wright suggested ?nL1N40W11Y oil prices could peak in "the next few weeks" once shipping resumes through the Strait of Hormuz. The International Monetary ?Fund, the World Bank, and the International Energy Agency urged countries nL1N40W0Y8 to avoid hoarding energy supplies or imposing export curbs amid what they described as the most significant shock ever to the global energy ?market. IEA chief Fatih Birol said nL1N40W0TE on Monday that while further strategic oil releases might not yet be necessary, the agency remains prepared to act if needed. Meanwhile, the Organization of the Petroleum Exporting Countries scaled ?back nL6N40W0P6 its second-quarter global demand forecast by 500,000 bpd in its latest monthly report. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
President Donald Trump said Monday that the US military has begun a blockade of all Iranian ports and coastal areas and Iran responded with threats on ports in the Persian Gulf and the Gulf of Oman. Trump had vowed earlier to block the Strait of Hormuz entirely. Trump later suggested he was willing to engage with Iran, saying he had spoken to "the other side." This came after he warned on social media that Iranian warships coming "anywhere close" to the US blockade would be destroyed. Ceasefire talks between the US and Iran ended Sunday without an agreement, raising questions about what happens when the current two-week truce expires on April 22. The Israeli military, meanwhile, pushed ahead with its offensive in southern Lebanon, engaging in fierce fighting with Hezbollah militants over a strategic town, while the group fires rockets and drones at northern Israel. Vice President JD Vance said in an interview with FOX News Channel's "Special Report" that negotiations "did make some progress" in the Islamabad talks on the US insistence on the removal of nuclear material from Iran as well as a mechanism to ensure uranium cannot be enriched in the future. "They moved in our direction," Vance said in the interview. He said he thought Iranian negotiators were "unable to cut a deal" and needed to get approval from others in Tehran. Vance also said that US negotiators made clear that Trump "would be very happy if Iran was treated like a normal country, if it had a normal economy," but he did not go into details about what he meant. "There really is, I think, a grand deal to be had here. But, it's up to the Iranians, I think, to take the next step," Vance said. The White House was not responsive to queries about whether new talks were being weighed. "President Trump, Vice President Vance and the negotiating team have made the US red lines very clear. The Iranians desperation for a deal will only increase with President Trump's highly effective Naval blockade now in effect," White House press secretary Karoline Leavitt said. The sides are weighing new in-person negotiations in a bid to reach a deal aimed at ending their six-week war before the ceasefire expires next week, two US officials and person familiar with the development said. The three said discussions were still underway about a new round of talks, while a diplomat from one of the mediating countries went further to say Tehran and Washington have agreed to it. All four spoke on condition of anonymity to discuss sensitive diplomatic negotiations. It's unclear if the same level of delegation would be expected to attend, the diplomat and US officials said. The diplomat and US officials said Islamabad, Pakistan, was once again being discussed as the host location. The US officials also said Geneva was a possibility, and that while the venue and timing had not been decided, the talks could happen Thursday. The White House didn't immediately respond to a message seeking comment. Trump told reporters earlier Monday that "we've been called by the other side" and "they want to work a deal." Iran's representative to the United Nations has demanded compensation from countries it says participated in the US and Israeli war effort against Iran. Iran's state media report the nations include Bahrain, Saudi Arabia, Qatar, the United Arab Emirates and Jordan. Iran's official news agency, IRNA, said that the UN representative, Amir-Saeid Iravani, claimed the countries had violated international law and had to "make full compensation for the damages caused to the Islamic Republic of Iran, including payment of compensation for all material and moral damages resulting from their international violations." The directors of the International Monetary Fund, the World Bank and the International Energy Agency said Monday that the war's damage to energy facilities could keep fuel and fertilizer prices high for "a prolonged period." Fatih Birol, executive director of the IEA, said the disruptions to oil supplies from the conflict is "the greatest energy security challenge in history." One-third of the 80 Mideast energy facilities his agency is monitoring have been damaged. Birol spoke at IMF headquarters after meeting with Kristalina Georgieva, managing director of the IMF, and Ajay Banga, president of the World Bank. Birol warned that April could be worse than March for the world economy because many fuel shipments from before the war were still arriving in ports last month. US oil prices were $98 a barrel in afternoon trading, after topping $100 earlier Monday. But military officials have offered few details about how a blockade of Iranian ports would actually work. Aside from the aircraft carrier USS Abraham Lincoln, the US Navy has 11 destroyers, three amphibious assault ships, and a littoral combat ship, all in the waters of the West Asia, a defence official said. A second defence official says no U.S. warships are in the Persian Gulf - the body of water that forms most of Iran's coastline. Both officials spoke on condition of anonymity to discuss sensitive military operations. Trump said the blockade had taken effect Monday. The second defence official pointed to a notice to mariners as a more accurate representation of the military's plans. It says access to Iranian ports is being restricted, but how these measures "will be applied in practice ... are in development." The S&P 500 rallied 1% Monday and is back to within 1.3% of its record. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite rose 1.2%. Even in the oil market, where prices jumped above $100 per barrel after ceasefire talks failed to end the war, prices pared their leaps as Monday progressed. The moves for financial markets overall were much more modest than the extreme swings that have hit since the war began in late February. The Israeli leader says the war against Iran was a powerful contrast to the Holocaust. In an address marking Israel's annual Holocaust memorial day, Netanyahu said that while Jews were like an "abused animal crying in agony" at the hands of the Nazis, the modern state of Israel fights back against its enemies. He then listed several Iranian nuclear sites alongside Nazi death camps. "Had we not acted, the names Natanz, Fordow, Isfahan and Parchin might have been remembered eternally in infamy, just like Auschwitz, Treblinka, Majdanek, and Sobibor," he said. Netanyahu often uses the annual address to lash out at Iran. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 14 2026 | 6:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Shapoorji Pallonji Group Chairman Shapoor Mistry First Published: Apr 13 2026 | 11:00 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The number of IPOs withdrawn also declined to 16 in FY26, from 19 in the previous year This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Market participants said the sharp recovery from the day’s lows reflects expectations that diplomatic efforts could resume First Published: Apr 13 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For procurement of construction materials worth Rs 800 cr over next 5 years Arisinfra Solutions and Capacite Infraprojects have entered into a Memorandum of Understanding (MoU) for the procurement of construction materials worth Rs 800 crore over five years through the ARIS platform. "To our knowledge, this is one of the first long-term, formally structured procurement commitments of its kind in the Indian construction industry", added the company. The partnership formalises and scales a proven relationship. The two companies have already transacted over Rs 600 crore in construction materials across 15+ project sites, spanning over 100 material SKUs in stone aggregates, ready-mix concrete, steel, electricals, plumbing, and other construction materials, supported by a vendor network of 500+ suppliers on the ARIS platform. Under the MoU, Capacite Infraprojects formally locks in its procurement onto the ARIS platform on a structured, multi-year basis. First Published: Apr 13 2026 | 7:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sharon Pais, who previously served as Myntra's chief business officer and, before that, held a retail sales role at Procter & Gamble covering South India, brings continuity to the platform at a strategically sensitive moment. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
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First Published: Apr 13 2026 | 7:21 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 13 2026 | 6:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices jumped back above $100 a barrel on Monday as the US Navy prepared to block ships to and from Iran via the Strait of Hormuz in a move that could restrict Iranian oil exports after Washington and Tehran failed to reach a deal to end the war. Brent crude futures gained $6.81, or 7.2 per cent , to $102.01 a barrel by 1129 GMT ?after settling 0.75 per cent down on Friday. US West Texas Intermediate was up $7.50, or 7.8 per cent , at $104.07 after a 1.33 per cent loss in the previous session. President Donald Trump said on Sunday that the US Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardising a fragile two-week ceasefire. He added that the price of oil and gasoline could remain high through November's US midterm elections, a rare acknowledgement of the potential political fallout from his decision to attack Iran six weeks ago. "The announced US blockade marks an admission that the ceasefire's central premise - at least as interpreted by the US - which was the reopening of the Strait, is untenable for now," said Erik Meyersson, analyst ?at Nordic bank SEB. U.S. Central Command said that US forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m. ET (1400 GMT) on Monday. It would be "enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman", CENTCOM said in a statement on X. US forces would not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports, it added. Iran's Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz would be considered in violation of the ceasefire and be dealt with harshly ?and decisively. Prices for physical crude barrels are trading at significant premiums to futures, with some grades already at record highs of about $150 a barrel. "[If] President Trump does indeed back his blockade threat with actual boats, a convergence between ?the paper and physical markets may soon come," said RBC Capital Markets analyst Helima Croft. Oil tankers are steering clear of the Strait of Hormuz ahead of the US blockade on Iran, shipping data on LSEG showed. However, three supertankers fully laden with oil passed through the strait on Saturday, shipping data showed. They appeared to be the ?first vessels to exit the Gulf since the ceasefire deal was struck last week. On Sunday, Saudi Arabia said it had restored full oil pumping capacity through the East-West pipeline to about 7 million barrels per day after ?damage to its energy sector from attacks during the Iran conflict. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 13 2026 | 6:44 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The dollar firmed on Monday after peace talks between the US and Iran broke down and as the US Navy prepared a blockade of Iranian ports, while the Hungarian forint jumped after the centre-right Tisza party defeated Viktor Orban in a landslide election victory. The euro was down 0.2 per cent at $1.1698, while the British pound fell 0.2 per cent to $1.3439, although both were above earlier lows. The risk-sensitive Australian dollar was 0.3 per cent lower at $0.7052 and the New Zealand ?dollar was off 0.1 per cent at $0.5834. President Donald Trump on Sunday said the US Navy would start blockading the Strait of Hormuz after talks with Iran failed to lead to a deal to end the war, jeopardising a fragile two-week ceasefire. The US Central Command said US forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports from 10 a.m. ET (1400 GMT) on Monday. "What we're seeing this morning is positive for the dollar, but we're not seeing the large movements that we saw earlier in the war," said Tommy von Brömsen, foreign exchange strategist at Handelsbanken, adding that the US inability to conduct sound policy could start to push investors away from the US currency. The war in the Middle East has pushed energy prices sharply higher, stoking worries about higher inflation and lower global growth. Brent crude futures are up about 7 per cent on Monday to around $102 per barrel. The dollar has tended to benefit when tensions between Iran and the US have flared, given its ?status as a safe haven and the limited exposure of the US to imported energy-price inflation. The Norwegian crown and Canadian dollar are relatively outperforming, with both currencies sensitive to movements in energy prices. "Beneath the surface, today's price action looks less risk-led and more driven by relative terms of trade shifts," said Goldman Sachs analyst Teresa Alves. Meanwhile, Friday's data from the Commodity Futures Trading Commission showed that speculators raised their net long positions in the US dollar in the latest week. Positioning in the euro flipped to a net short for the first time since March last year, the CFTC data showed. The Hungarian forint surged nL8N40W056 after veteran nationalist leader Viktor Orban lost power to Peter Magyar's Tisza party in Sunday's national election after 16 years in office. The currency rallied as much as 2.4 per cent to 311.4 against the dollar - its strongest level since February 2022 - and jumped 2 per cent against the ?euro. "The constitutional majority allows for a smooth transfer of power for the opposition and a faster path to unlocking EU funds, which are the main focus of investors, giving Hungarian assets another reason to extend their rally," said ING FX strategist Frantisek Taborsky. Against the yen, the U.S. dollar was up ?0.3 per cent at 159.69 as yields on Japan's benchmark 10-year government bonds jumped 5.5 basis points to 2.49 per cent , the highest in almost three decades. Bank of Japan nL1N40W05N ?Governor Kazuo Ueda said on Monday that economic and price developments were moving roughly in line with the bank's forecasts, but called for vigilance over the impact of the conflict in the Middle East. Analysts said Ueda's speech could be one of the last opportunities for the BOJ ?to signal whether it will raise interest rates later this month. Money market traders are pricing in about 7 basis points of tightening at the April 28 meeting, implying an almost 30 per cent chance of a quarter-point hike. "The risk of policy errors is relatively high in Japan and Europe, which ?means that money will tend to return to USD assets for lack of better alternatives," analysts from Nomura wrote in a note. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 13 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 13 2026 | 6:43 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India has ramped up supply of smaller 5-kg LPG cylinders and accelerated the rollout of piped natural gas (PNG) connections as it manages fuel availability amid disruptions triggered by the West Asia conflict. More than 13 lakh 5-kg free trade LPG cylinders have been sold since March 23, with daily sales rising above 100,000 units, as authorities expand access for migrant workers and low-income consumers, according to an official statement. At the same time, over 424,000 new PNG connections have been activated since March, with more than 30,000 consumers surrendering LPG connections as part of the transition. The six-week long war in West Asia has disrupted global energy supply. India relied on import of half of its crude oil, 40 per cent of its gas and 85-90 per cent of LPG from the region was also impacted. While it has managed to make up for the shortfall in crude oil by sourcing from other regions, LPG supplies have been impacted. The government has prioritised LPG supply to domestic households at the cost of cuts in supplies to commercial users like hotels and restaurants. To make up for the shortfall for those who do not have subsidised cooking gas LPG connections, it has ramped up supply of market priced 5 kg cylinders. As against sale of about 77,000 5 kg cylinders in pre-crisis February, daily sales have topped over 1 lakh in the last two-three weeks. The statement said domestic LPG supplies remain stable overall, with no reported stockouts and over 52 lakh cylinders delivered on April 11. Online bookings account for about 98 per cent of demand, while delivery authentication systems now cover 93 per cent of transactions to curb diversion. Commercial LPG availability has been restored to about 70 per cent of pre-crisis levels, supported by targeted allocations and increased supply measures. State-run oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited -- are coordinating with state governments to streamline distribution. The government has prioritised natural gas allocation, ensuring full supply for household PNG and CNG transport, while increasing supplies to fertiliser plants to about 95 per cent of recent average consumption, aided by additional LNG imports. City gas distributors, including Indraprastha Gas Ltd, Mahanagar Gas Ltd, and GAIL Gas Ltd, have been directed to prioritise PNG connections for commercial users, as part of a broader push to shift demand away from LPG. Refineries are operating at high utilisation with adequate crude inventories, and domestic LPG production has been stepped up. To shield consumers from rising global oil prices, the government has cut excise duty on petrol and diesel by Rs 10 per litre, while raising export levies on diesel and aviation turbine fuel to ensure domestic availability, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 7:40 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The new formula also correctly signals the general direction of India’s crude imports and the underlying pricing benchmarks after being out of sync with actual import trends for the last three years This article has been processed by AI. It is not an official market report and should not be considered financial advice.
India's coal import dropped 8.5 per cent to 16.55 million tonnes in February on record stockpile of domestic coal and firmness in seaborne prices. The country's coal import is poised to maintain a weak trend this month with domestic miners making efforts to liquidate stockpiles. "A record high stockpile of domestic coal and firm seaborne prices resulted in a drop in thermal coal imports. With the domestic miners endeavouring to liquidate stocks, the weak trend in imports is expected to continue during the current month," mjunction MD & CEO Vinaya Varma said. mjunction services is a B2B e-commerce platform and joint venture between Tata Steel and Steel Authority of India. The import in February 2024-25 stood at 18.10 (MT), according to data compiled by mjunction services limited. On a month-on-month basis, coal import in February was almost flat as against 16.64 MT in January 2026. Of the total imports in February, non-coking coal imports stood at 9.80 MT, lower than 11.08 MT imported in February 2024-25. Coking coal imports stood at 3.92 MT, higher than 3.79 MT imported in February 2024-25. During April-February 2025-26, non-coking coal import was at 137.60 MT, lower than 152.26 MT imported during the same period in 2024-25. Coking coal import was at 54.31 MT during April-February 2025-26, against 49.62 MT recorded for April-February 2024-25. The drop in import comes amid a strategic push for self-reliance in coal production under the self-reliance initiative. The all-India coal production in 2024-25 stood at 1,047.523 MT in comparison to 997.826 MT in 2023-24, registering a growth of about 4.98 per cent. Coal inventories at thermal power plants remained comfortable around 55 million tonnes as of Tuesday, sufficient for 24 days of uninterrupted power generation based on the average consumption over the last seven days, a senior coal ministry official said on Wednesday. The stock levels indicate "absolute no deficit" on the power generation side, coal Joint Secretary Sanjeev Kumar Kassi had emphasised, allaying concerns over potential shortages amid rising summer demand. "Coal stock at the power plants is around 55 million tonnes as of yesterday (Tuesday), adequate for 24 days of uninterrupted power generation based on the average consumption of the last seven days. So we have absolutely no deficit at the power generation side," he said at an inter-ministerial briefing on the developments in West Asia. The domestic coal production is matching consumption levels, the official had said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 4:03 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The talks between Iran and the US in Pakistan, which ended without a deal, would weigh heavily on investors' sentiment when markets open for trading on Monday, analysts said. Besides developments related to West Asia, crude oil prices would also dictate market trends in a holiday-shortened week ahead, they said. Stock markets will remain closed on Tuesday for Baba Saheb Ambedkar Jayanti. The talks between Iran and the US in Pakistan have ended without a deal due to "excessive demands" made by the American side, a top Iranian official said on Sunday. Iranian Foreign Ministry spokesperson Esmaeil Baqaei, however, emphasised that "diplomacy never ends". US Vice President JD Vance, who led the American delegation, said the talks failed to reach a peace deal, citing Tehran not forgoing its nuclear programme as one of the key sticking points. He said the American side presented its "final and best offer" to the Iranian side, but it did not accept it. Baqaei, however, said the two sides reached a consensus on some issues, but they held different views regarding "2-3 important matters". "Finally, the talks did not reach an agreement," he was quoted as saying by the state-run Press TV. Markets had rallied last week following the US-Iran ceasefire and a sharp decline in crude oil prices, which dropped below the USD 100 mark. Last week, the BSE benchmark Sensex jumped 4,230.7 points, or 5.77 per cent, and the NSE Nifty surged 1,337.5 points, or 5.88 per cent. "The Nifty-50 enters the upcoming week at a critical inflexion point. After staging a sharp recovery and reclaiming the 24,000 mark, the market had begun to reflect cautious optimism," Hariprasad K, Research Analyst and founder, Livelong Wealth, said. However, the collapse of peace talks between the United States and Iran has materially altered the near-term outlook, he added. "With negotiations ending without a resolution, markets are now bracing for a return of volatility that characterised earlier phases of the conflict," he said. Benchmark indices are expected to open with a significant gap down, potentially erasing a portion of the recent ceasefire rally, Hariprasad added. Stock markets would also track inflation data announcements, Q4 earnings and trading activity of foreign investors this week. "With the onset of the Q4 FY26 earnings season, key results from heavyweight companies, such as Wipro, HDFC Bank, and ICICI Bank, will be closely monitored, along with several others. On the macro front, important data releases include CPI inflation (April 13), WPI inflation (April 14), which will provide insights into inflation trends," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Foreign investors maintained their aggressive sell-off in Indian equities, withdrawing Rs 48,213 crore (USD 5.14 billion) this month. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 2:55 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
HDFC Bank added ?91,282.67 crore, taking its market valuation to ?12,47,478.57 crore. The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the $100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation. HDFC Bank added Rs 91,282.67 crore, taking its market valuation to Rs 12,47,478.57 crore. The valuation of ICICI Bank jumped Rs 76,036.36 crore to Rs 9,46,741.85 crore, and that of Bajaj Finance surged by Rs 60,980.35 crore to Rs 5,75,206.47 crore. The market capitalisation (mcap) of Larsen & Toubro zoomed by Rs 47,624.97 crore to Rs 5,44,736.59 crore, and that of Bharti Airtel climbed Rs 45,873.43 crore to Rs 10,66,293.69 crore. State Bank of India's mcap soared Rs 43,614.67 crore to Rs 9,84,629.98 crore, and that of TCS edged higher by Rs 26,303.49 crore to Rs 9,13,331.92 crore. The market valuation of Hindustan Unilever rallied Rs 21,287.29 crore to Rs 5,06,477.89 crore. However, the mcap of Infosys declined by Rs 3,285.03 crore to Rs 5,24,124.40 crore. The valuation of Reliance Industries diminished by Rs 947.28 crore to Rs 18,27,086.79 crore. Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and Hindustan Unilever. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 12:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For now, India’s electric motorcycle market appears to be at an inflection point. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Iran-US peace talks were conducted first indirectly through Pakistan and later through direct negotiations between the two sides, official sources said on Sunday. Pakistan remained involved at every stage of the process, with the talks beginning with separate meetings of the US and Iranian delegations with Prime Minister Shehbaz Sharif on Saturday. This was followed by an exchange of messages between the two sides through Pakistani interlocutors, the sources said. The Iranian delegation was led by Parliament Speaker Mohammad Baqir Galibaf, while the US team was headed by Vice President JD Vance. According to sources, the negotiations then moved to direct talks between the visiting delegations, which continued for about two-and-a-half hours in the presence of Pakistani officials. In the next phase, a one-hour break was taken and technical aspects of the demands presented by the two sides were discussed at the expert level. The exchange of messages on technical aspects continued until late at night. However, by Sunday morning, it became clear that the differences could not be bridged, leading US Vice President JD Vance to announce at a brief press conference that the talks ended without a deal. The sources said Pakistan remains hopeful of further rounds of talks, though no date or venue has been finalised so far. The Pakistani government had earlier said it would continue to play its role as a mediator and expressed hope that the talks would prove to be a step towards resolving the dispute. The Iranian delegation had arrived in Islamabad on Friday night, while the US team arrived on Saturday morning. The US side also included President Donald Trump's son-in-law Jared Kushner and West Asia envoy Steve Witkoff, while Iran was also represented by Foreign Minister Abbas Araghchi and other senior leaders. The two sides travelled to Islamabad, days after Iran and the US announced a two-week ceasefire on April 8. It was the first direct, high-level engagement between Iran and the US since the 1979 Islamic Revolution. The failure to arrive at an agreement following the face-to-face negotiations between the two sides raised doubts over the effectiveness of their fragile two-week ceasefire as well as the prospect of reopening the Strait of Hormuz to stabilise the global energy market. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 12:01 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump has shared an article suggesting that the option of enforcing a naval blockade was available in context of Iran as peace talks ended in a stalemate in Islamabad after differences of opinion arose between the two parties on the Strait of Hormuz and Iran's nuclear capacities. The US President shared the article in a post on Truth Social on Sunday. The article posted by outlet Just the News cited experts who said that Trump could "out-blockade" Iran's hold over the strait of Hormuz and recalled US military ops in Venezuela earlier this year as an example where with a naval blockade impacted the country's economy. The piece noted how the USS Gerald Ford carrier, which led the Venezuelan blockade is now in the Persian Gulf and has joined the USS Abraham Lincoln and other major naval assets. "It would be very easy for the US Navy to exert complete control over what does and does not go up and down the Strait now," the Lexington Institute's national security expert Rebecca Grant told Just the News. "I've heard about 10 ships have moved in the last 24 hours. One of them was a reflagged Russian tanker, and we know that cargos have gone out to China, to India, and we've seen some inbound traffic. If Iran gets intransigent, then absolutely, the US Navy can set up with great overwater surveillance ... and watch everything that goes in and out of that Strait and you'll have to ask the US Navy if you want to move past Kharg Island or past that narrow part by Oman," she said as per Just the News. Peace remains elusive as JD Vance departed from Islamabad after hitting a gridlock in talks with Iran. "We've had a number of substance agreements with the Iranians- that is the good news. The bad news is that we have not reached an agreement. That is bad news for Iran, much more than it is bad news for the United States of America", Vance told reporters in Islamabad. Meanwhile, Iran's Head of Center for Public Diplomacy and Spokesperson Esmaeil Baqaei, on Sunday, said that Iran's negotiators are employing all their capabilities, adding that the success of the efforts depends on the acceptance of Iran's legitimate rights and interests. Baqaei said that Iran's heavy losses have made its resolve stronger than ever and that it uses all its tools to secure its national interests. "Nothing can or should deter us from pursuing our great historical mission toward our beloved homeland and noble Iranian civilization. The Islamic Republic of Iran is determined to utilize all tools, including diplomacy, to secure national interests and protect the country's well-being," he said. "In the past 24 hours, discussions were held on various dimensions of the main negotiation topics, including the Strait of Hormuz, the nuclear issue, war reparations, lifting of sanctions, and the complete end to the war against Iran and in the region. The success of this diplomatic process depends on the seriousness and good faith of the opposing side, refraining from excessive demands and unlawful requests, and the acceptance of Iran's legitimate rights and interests," he added. Meanwhile, security situation continues to evolve in West Asia. Al Jazeera Breaking reported on Sunday that Israel intercepted drones launched from Lebanon. Smoke was also seen rising from Beirut suburbs on Sunday as per Reuters. As the situation develops, Tasnim News Agency said on Sunday citing an informed source that Iran has offered reasonable proposals in the negotiations held in Islamabad, adding that the ball is now in the US court. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 12 2026 | 11:46 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Panacea Biotec announced that it has received a letter of award (LoA) worth Rs 20.79 crore from Central Medical Services Society, under the Ministry of Health and Family Welfare, Government of India. The company clarified that the order has been awarded by a domestic entity and is in the nature of vaccine supply. It further stated that neither its promoters nor promoter group entities have any interest in the awarding authority, and the transaction does not fall under related-party transactions. Panacea Biotec is a research-based biotechnology company engaged in the business of research, development, manufacture, and marketing vaccines in India and international markets. The company reported a consolidated net loss of Rs 7.36 crore in Q3 FY26 as against a net profit of Rs 9.65 crore in Q3 FY25. Revenue from operations declined 8.4% year on year to Rs 99.31 crore in Q3 FY26. Shares of Panacea Biotec rose 1.23% to end at Rs 326 on 10 April 2026. First Published: Apr 11 2026 | 5:31 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Advance Agrolife announced that it has received a letter of intent (LoI) worth Rs 30.37 crore from National Fertilizers for the supply of various agrochemicals. The scope of work includes supply of agrochemicals to NFLs marketing territory, based on specific requirements during the contract period, which is valid till 30 September 2026. The company stated that the order has been awarded by a domestic entity. It further clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction. Advance Agrolife is engaged in the business of manufacturing and distributing a broad spectrum of technical and formulated grades of agrochemicals. The companys standalone net profit rose 8.3% to Rs 3.01 crore on a 17.2% rise in revenue from operations to Rs 132.64 crore in Q3 FY26 over Q3 FY25. Shares of Advance Agrolife shed 7.73% to end at Rs 107.97 on 10 April 2026. First Published: Apr 11 2026 | 4:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 11 2026 | 2:35 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Generali Central Insurance Company (formerly known as Future Generali India Insurance Company Limited) to provide its Zaggle Zoyer platform. The company clarified that the agreement has been awarded by a domestic entity and is in the nature of a service agreement. It also stated that neither its promoters nor promoter group entities have any interest in the awarding entity. Further, the transaction does not fall under related-party transactions. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business customer segment. The companys standalone net profit surged 77.7% to Rs 35.97 crore on a 47.9% rise in revenue from operations to Rs 497.63 crore in Q3 FY26 over Q3 FY25. Shares of Zaggle Prepaid Ocean Services shed 0.18% to end at Rs 251.35 on 10 April 2026. First Published: Apr 11 2026 | 1:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Emerald Leisures said that it has received a letter of intent (LoI) for the development of a residential redevelopment project at Swastik Park, Chembur in Mumbai, with an estimated revenue potential of around Rs 600 crore. The proposed project marks a strategic move by the company to expand its footprint into real estate development, as it continues to diversify beyond its core hospitality and club services business. Emerald Leisures, which operates Club Emerald Sports Complex in Chembur, has traditionally been engaged in sports, club, banquet, wellness and hospitality services. The company has been gradually building its real estate presence over the past few years as part of its diversification strategy. The redevelopment project is expected to unlock significant value from the Swastik Park land parcel and strengthen the companys transition into the real estate sector. Jaydeep Vinod Mehta, Director of Emerald Leisures, said, We are pleased to receive this letter of intent (LOI) and with this we achieve a strategic milestone that marks as a stepping stone for the company in the real estate sector. The envisaged project will have saleable area of approx. 1,75,000 sq.ft. and unlock a revenue potential of approx. Rs 600 crores. He further added that by combining The Groups legacy of trust and execution led excellence we are not just constructing buildings but offering sustainable lifestyle residences with premium amenities. We plan to expand our footprint in the real estate segment rapidly to ensure that 50% of our future growth stems from more such projects in coming years. The company believes this project will further strengthen the companys future prospects and lead to long-term value creation. The upcoming Residential Project is located in the most centrally located suburb of Chembur with best connectivity and will offer options of well designed Vastu compliant 2,3, and 4 BHK Flats. Emerald Leisures is into the business of Club and Sports Complex having sports facilities and other Hospitality Services. The company reported consolidated net loss of Rs 2.25 crore in Q3 FY26 as against net loss of Rs 2.48 crore in Q3 FY25. Revenue from operations rose 8.3% year on year to Rs 4.70 crore in Q3 FY26. Shares of Emerald Leisures added 1.94% to end at Rs 192.75 on 10 April 2026. First Published: Apr 11 2026 | 1:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
For establishment of an Enterprise Application CoE for lending and collections platforms The engagement involves end-to-end responsibility for application management across lending and collections platforms, in close collaboration with business and technology stakeholders, enabling improved operational efficiency, scalability, and alignment with the client's evolving digital and business requirements. The contract is awarded for a period of 9 months. The total value of the order is approximately Rs. 2.76 crore i.e. USD 297,000 (exclusive of applicable taxes). First Published: Apr 11 2026 | 12:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 11 2026 | 12:30 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Fire was controlled within time and fortunately, there were no casualty and injury to life. However, the affected operations will be temporarily shut. The extent of damage to assets and equipment is currently being evaluated, and a detailed estimate will be ascertained in due course. First Published: Apr 11 2026 | 12:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Larsen & Toubro said its real estate arm, L&T Realty Properties, has acquired a 100% stake in International Green Scapes for Rs 1,123 crore in an all-cash deal, as it looks to expand its residential portfolio in Gurugram. The acquisition involves 58,23,425 equity shares, giving L&T RPL complete ownership and control of IGSL, a real estate company with development rights in Gurugram, Haryana. The company said the transaction will enable it to leverage IGSLs land bank to expand and strengthen its real estate development portfolio. IGSL holds licenses for residential development projects, aligning with L&T Realtys growth strategy. IGSL, incorporated on 22 November 1993, has reported nil turnover over the last three financial years, including FY23, FY24 and FY25. The deal does not fall under related party transactions, and the promoter group has no interest in the acquired entity. No regulatory approvals are required for the acquisition. The transaction is expected to be completed by 15 April 2026. L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies. On a consolidated basis, L&T's net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26. Shares of Larsen & Toubro added 1.61% to end at Rs 3,959.90 on 10 April 2026. First Published: Apr 11 2026 | 11:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Airfloa Rail Technology said that it has secured a domestic order worth Rs 1.25 crore from Rail Coach Factory Kapurthala for the supply of luggage rack modules for LHB non-AC and AC chair car coaches. The contract, awarded by a domestic entity, will be executed within four months and is subject to Indian Railways standard conditions of contract and the General Conditions of Contract for the Stores Department, along with applicable addendums. The scope includes third-party inspection by a nominated agency. As per the payment terms, 95% of the order value will be released upon submission of the inspection certificate and proof of dispatch or delivery, while the balance 5% will be paid after receipt, inspection, and acceptance by the consignee. The company confirmed that the order does not involve any related party transaction and that its promoter group has no interest in the awarding entity. Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Shares of Airfloa Rail Technology added 3.60% to end at Rs 332.10 on 10 April 2026. First Published: Apr 11 2026 | 11:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Japan's Nikkei 225 tacked on 1.5 per cent Asian stocks ticked up early on Friday but gains were capped as traders questioned the durability of this week's US-Iran ceasefire and remained wary of fragile hopes for Israel-Lebanon peace talks. Investors were nervous as Iran cited Israel's ongoing attacks on Lebanon as a key sticking point in its agreement with the US. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent, led by a 1.9 per cent jump for ?South Korea's Kospi. Japan's Nikkei 225 tacked on 1.5 per cent, while S&P 500 e-mini futures reversed earlier losses to trade flat. "The US-Iran ceasefire led to a sharp recovery in Asian markets but the risk-on sentiment got tested yesterday," said Rupal Agarwal, Asia quant strategist at Bernstein in Singapore. "We believe this could be the beginning of the end and is presenting an opportunity for investors to focus on pre-war trends and fundamentals," she said. "We recommend adding back some beaten-down names." On Thursday, the S&P 500 rose 0.6 per cent, with MSCI's benchmark of global equities making modest gains after Israeli Prime Minister Benjamin Netanyahu said on Thursday he is seeking direct talks with Beirut - a day after the worst bombardment of the war killed more than 300 people in Lebanon and placed the US-Iran ceasefire in jeopardy. Brent crude rose 1 per cent to $96.83 a barrel as trading resumed in Asia, after Hezbollah launched ?a missile at Israel, triggering air raid sirens in parts of the country, including in Tel Aviv. The Strait of Hormuz remains largely closed to shipping, with marine traffic at well below 10 per cent of normal volumes on Thursday as Tehran asserted its control of the strategic waterway that typically carries one-fifth of global oil and gas shipments. The closure of the strait during the six-week Iran war sent shockwaves through global markets as oil prices surged and energy supplies tightened. US President Donald Trump weighed in with a blunt warning. In a post on Truth Social, he said Iran was doing a "very poor job" of allowing oil to pass through the strait. "That is not the agreement we have!" he wrote, underscoring Washington's frustration as the market fallout intensified. The US dollar index, which measures the greenback's ?strength against a basket of six currencies, was up 0.1 per cent at 98.92, after data released Thursday showed weekly jobless claims increased by 16,000 to 219,000 and continuing claims fell by 38,000 to 1.794 million, the lowest level since May 2024. The Core PCE price index ?also rose 0.4 per cent for second straight month, reflecting a year-on-year increase of 3.0 per cent. The yield on the US 10-year Treasury bond was up 0.6 ?basis point at 4.285 per cent. Fed funds futures show traders bringing forward expectations for the Federal Reserve's next 25-basis-point rate cut to April 2027. The implied probability that the US central bank stays on hold at its meeting that month has slipped to 49.6 per cent, ?from 64 per cent on Thursday, when markets still leaned toward easing later in the year, according to the CME Group's FedWatch tool. Bitcoin was down 0.7 per cent at $71,903.27, while ether was 1.0 per cent lower at $2,191.81. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 9:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Panchkula hospital is equipped with advanced diagnostics, modular operation theatres, critical care infrastructure, and will deliver comprehensive care across key specialties including oncology, neurosciences, orthopedics, cardiology, and critical care including robotic-assisted procedures. Designed with a strong focus on high-acuity care, a significant proportion of beds are dedicated to critical care services. First Published: Apr 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 9:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 55 points lower, suggesting a red opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 1,711.19 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 955.90 crore in the Indian equity market on 09 April 2026, provisional data showed. The FIIs had sold shares worth Rs 39,644.72 crore in April (till 09 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded mostly higher on Friday, though a fragile two-week ceasefire between the U.S. and Iran keeps investors on tenterhooks with oil prices resuming gains. The Mideast conflict, which has been going on for more than a month, led to the closure of the Strait of Hormuz, and traffic continues to largely be restricted via the crucial energy waterway despite the ceasefire. Tehran had said it would reopen the strait as long as all attacks on the country were halted, according to a statement from its foreign minister. Media reports said that Israel had also agreed to the ceasefire. That followed U.S. President Donald Trump pausing attacks on Iran on Tuesday. Meanwhile, in China, factory-gate prices rose for the first time in more than three years, while the consumer price index climbed 1% in March from a year earlier. Overnight on Wall Street, oil prices came off their highs of the day while the S&P 500 traded into the green. The S&P 500 ended the session at 6,824.66, adding 0.62%, while the Nasdaq Composite gained 0.83% to 22,822.42. The Dow Jones Industrial Average rose 275.88 points, or 0.58%, and settled at 48,185.80. The 30-stock index turned positive for the year, up 0.25%. Domestic Market: The key equity benchmarks ended sharply lower on Thursday, snapping a five-day winning streak as investor sentiment weakened amid global uncertainty. The decline was driven by concerns around the US-Iran ceasefire, which weighed on markets worldwide. Adding to the cautious mood, investors remained on the sidelines ahead of TCS's quarterly earnings, seeking cues for the IT sector. Volatility also rose due to the weekly expiry of Sensex derivatives contracts, further pressuring indices. The Nifty slipped below the 23,800 mark, dragged by losses in banking and financial services stocks. The S&P BSE Sensex tumbled 931.25 points or 1.20% to 76,631.65. The Nifty 50 index dropped 222.25 points or 0.93% to 23,775.10. In the past five consecutive trading sessions, the Sensex surged 7.80% while the Nifty soared 7.46%. First Published: Apr 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sammaan Capital and Steel Authority of India (SAIL) shares are banned from F&O trading on 10 April 2026. Result today: Agri-Tech and Eco Hotels will release their quarterly earnings today. IPO Update: Om Power sees 0.39x subscription on Day 1 Om Powers initial public offering (IPO) was subscribed 0.39 times overall on Day 1 (as of 5:00 PM), with Qualified Institutional Buyers (QIBs) subscribing 0.78 times, the retail portion at 0.30 times, and Non-Institutional Investors (NIIs) at 0.11 times. Stocks to Watch: Tata Consultancy Services (TCS) reported a 2.08% rise in consolidated net profit to Rs 13,718 crore on a 5.38% increase in revenue from operations to Rs 70,698 crore in Q4 FY26 as compared with Q3 FY26. Wipro announced that its board is scheduled to meet on 15-16 April 2026 to consider a proposal for the buyback of equity shares. Ashiana Housing said that it has acquired a 28.55-acre land parcel in Pune for the development of a new residential project, adding that the project has an estimated sales value potential of around Rs 1,800 crore, reflecting its continued focus on expanding in key housing markets. GHV Infra said that it has secured an order worth Rs 105 crore from GHV India for the construction of various projects located in Kalwa. Poonawalla Fincorp said that it has opened its Qualified Institutions Placement (QIP) issue on Friday, setting the floor price at Rs 390.26 per share. IFB Industries said that it has appointed Sandeep Joseph Abraham as managing director (MD) and chief executive officer (CEO) for a term of five years. Saatvik Green Energy said that its chief financial officer (CFO), Abani Kant Jha, has resigned from his position with effect from 7 April. Separately, the company added that it has secured an order worth Rs 109 crore from EPC players for the supply of solar PV modules. First Published: Apr 10 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Explained: How Fake Trading Apps and IPO Scams Are Fooling Investors First Published: Apr 10 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
While the rupee is likely to be a lot steadier in light of the ceasefire and the RBI’s previously announced measures to curb speculation against the currency, the deficit outlook will still check how far the rupee can strengthen from here. — Ven Ram, Markets Live Strategist First Published: Apr 10 2026 | 8:26 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 8:06 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open on a slightly positive note as gains in Asian-Pacific markets supported. First Published: Apr 10 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Saatvik Green Energy said its material subsidiary, Saatvik Solar Industries, has received and accepted orders worth Rs 108.75 crore from leading domestic independent power producers and EPC players. The companys consolidated net profit surged 144.1% to Rs 98.72 crore on a 142.6% jump in net sales to Rs 1257.02 crore in Q3 FY26 over Q3 FY25. Shares of Saatvik Green Energy rose 0.57% to close at Rs 420.95 on the BSE. First Published: Apr 10 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 10 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward market Banks have exited the bulk of their Indian rupee arbitrage trades to comply with central bank-imposed limits on onshore positions aimed at reining in volatility and downward pressure on the currency, three people familiar with the matter said. The Reserve Bank of India imposed limits on banks on ?March 27, directing them to cap their net open positions in the rupee in the onshore market at $100 million, requiring that they comply by April 10. The measures were aimed specifically at curbing arbitrage trades between the onshore market and the non-deliverable forward (NDF) market, per bankers. Arbitrage trades by banks were contributing to heightened FX market volatility, RBI chief Sanjay Malhotra said on Wednesday, noting that the central bank had seen increased price swings in recent weeks. Estimates of the arbitrage positions varied widely when the measures were introduced, though market participants have since settled on a figure of roughly $40 billion, two of the people familiar with the matter ?said, requesting anonymity because they were not authorised to discuss the matter publicly. Most of these positions have been unwound, with no extension likely for banks, a person familiar with the central bank's thinking said, asking not to be identified since they are not authorised to speak to the media. The RBI did not immediately reply to an email seeking comment. Thursday's price action, suggested that most arbitrage positions had already been unwound, with the rupee weakening and forward premiums rising - the opposite of what would be expected during heavy unwinding. The rupee slipped 0.2% to 92.77 ?per dollar, set to halt a four-day rise, while one-year forward premiums climbed 12 basis points to 3.12% after dropping more than 50 basis points over the past three sessions. A currency trader ?at a private sector bank said most positions at his bank had already been exited, and that ?public sector banks, which had begun unwinding later, have done their exits over the past two days. A senior treasury official at a foreign bank, said data from clearing house CCIL showed ?that banks had exited their positions. The data showed banks carried out close to $36 billion worth of NDF trades from April 1 to April 7, with Wednesday's data still pending. While some of the ?activity was client-related, most represented position unwinding by banks, the treasury official said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
BSE, Stock Markets First Published: Apr 10 2026 | 7:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US President Donald Trump said there are reports that Iran is charging fees to tankers going through the Strait of Hormuz and warned Tehran against it. In a post on Truth Social, Trump said, "There are reports that Iran is charging fees to tankers going through the Hormuz Strait -- They better not be and, if they are, they better stop now!" In another post, Trump accused Iran of "doing a poor job" at allowing oil tankers to pass through the Strait of Hormuz, reminding Tehran of the temporary ceasefire agreement. "Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!" he said. This puts the already fragile ceasefire in jeopardy as the disagreement between both parties continues to widen before the negotiations in Islamabad begin. Earlier, Tehran had accused Israel of violating the agreement by attacking Lebanon, as it stated that the ceasefire in Lebanon is part of the truce. However, both Washington and Israel have maintained that the ceasefire does not extend to Lebanon, a disagreement that has further complicated diplomatic efforts and heightened the risk of the truce collapsing. Israeli Prime Minister Benjamin Netanyahu asserted that there is "no ceasefire in Lebanon" and vowed to continue military operations with "full force" against Hezbollah. "I wish to inform you: There is no ceasefire in Lebanon. We are continuing to strike Hezbollah with full force, and we will not stop until we restore your security," he said. Netanyahu further stated that he has instructed the Cabinet to open direct negotiations with the Lebanese government to achieve "disarmament of Hezbollah" and "historic peace agreement". "Following repeated requests from the Lebanese government, last night I instructed the Cabinet to begin direct negotiations with Lebanon to achieve two goals. First, the disarmament of Hezbollah. Second, a historic peace agreement between Israel and Lebanon," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 10 2026 | 6:30 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Business Standard Defence Index is designed to track the performance of 25 key defence stocks First Published: Apr 10 2026 | 5:23 AM IST In this article : This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The combined net profits of the Nifty 50 companies are likely to grow 4.2 per cent year-on-year (Y-o-Y) in Q4FY26, as against 10 per cent in Q3FY26 and 7.6 per cent in Q4FY25. | Illustration: Ajaya Mohanty This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reported sales nil For the full year,net profit reported to Rs 0.92 crore in the year ended March 2026 as against net loss of Rs 2.38 crore during the previous year ended March 2025. There were no Sales reported in the year ended March 2026 and during the previous year ended March 2025. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sammaan Capital and Steel Authority of India (SAIL) shares are banned from F&O trading on 9 April 2026. Result today: Tata Consultancy Services, Anand Rathi Wealth, GM Breweries, and Rajputana Stainless will release their quarterly earnings today. Stocks to Watch: Lupin said that it has received approval from the US Food and Drug Administration (USFDA) for its Dapagliflozin and Metformin tablets, a bioequivalent version of the branded drug Xigduo. KEC International said that it has secured new orders worth Rs 2,518 crore across its Civil, Transportation, T&D, and Cables & Conductors businesses, further strengthening its order book and visibility across key infrastructure segments. NTPC said that it has signed a memorandum of understanding (MoU) with Frances EDF to jointly develop nuclear power projects in India. Separately, the Central Electricity Authority (CEA) has uprated the Dadri Power Stations capacity to 500 MW from 490 MW, taking the groups total installed capacity to 89,128 MW. Innovision said that it has secured a Rs 99 crore work order from the National Highways Authority of India (NHAI) for toll collection and facility maintenance. Akzo Nobel India said that its name will be officially changed on the stock exchanges to JSW Dulux with effect from April 15. Lemon Tree Hotels said that it has officially terminated its pact for a proposed hotel project in Agartala, Tripura. Signature Global reported a muted Q3 business update, with pre-sales value declining 5% year-on-year to Rs 1,540 crore. Collections fell 22% YoY to Rs 910 crore, while area sold dropped 27% YoY to 9.9 lakh sq ft. The number of units sold also declined sharply by 38% YoY to 368 units, indicating a slowdown in sales momentum during the quarter. Info Edge India reported its Q4 business update, with the Jeevansathi business posting a 20.9% year-on-year growth. The Recruitment Solutions business grew 9.5% YoY, while the 99Acres business saw a modest 1.9% YoY increase, reflecting steady performance across its key verticals. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
GIFT Nifty: The GIFT Nifty April 2026 futures currently traded 9.50 points lower, suggesting a muted opening for the benchmark index today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 2,811.97 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,168.17 crore in the Indian equity market on 08 April 2026, provisional data showed. The FIIs had sold shares worth Rs 37,933.53 crore in April (till 08 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026. Global Markets: Asia markets traded lower Thursday, as investors fret over news that Irans parliamentary speaker charged the U.S. of breaching the terms of the two-week ceasefire agreement. On Wednesday, U.S. President Donald Trump had announced a double sided ceasefire, more than a month into a war with Iran. The ceasefire was contingent on Iran agreeing to reopen the Strait of Hormuz. Tehran had said that it would stop "defensive operations if attacks on the country were halted, according to a statement from Irans Foreign Minister. Israel has also agreed to the ceasefire, media reports said. As per reports, Irans parliamentary speaker Mohammed Bagher Ghalibaf subsequently accused the U.S. of violating the ceasefire deal. The violations are the denial of the Islamic Republics right to enrich uranium and Israels continued attacks on Lebanon, a drones entry into Iranian airspace, he reportedly said. Overnight in the U.S., stocks surged after President Donald Trump suspended attacks on Iran for two weeks, pausing a five-week conflict that closed a crucial waterway for global energy supplies. The Dow Jones Industrial Average ripped 1,325.46 points higher, or 2.85%, to 47,909.92. The S&P 500 popped 2.51% to 6,782.81, and the Nasdaq Composite surged 2.80% to 22,635.00. Domestic Market: Dalal Street staged a blistering rally on Wednesday, with benchmark indices rocketing nearly 4% as multiple powerful triggers fired in tandem. The Nifty ended near the 24,000 mark, extending its winning streak for a fifth straight session. The charge was led by a sharp surge in auto and private banking stocks, which turbocharged the upmove. The rally gathered momentum as crude oil prices tumbled below $95 mark following a US-Iran ceasefire, cooling global risk jitters and igniting risk appetite. Strong global cues further amplified the bullish undertone. Adding to the tailwinds, the Reserve Bank of India held the repo rate steady at 5.25% with a neutral stance, reinforcing policy stability and bolstering investor confidence. The S&P BSE Sensex climbed 2,946.32 points or 3.95% to 77,562.90. The Nifty 50 index soared 873.70 points or 3.78% to 23,997.35. In five consecutive sessions, the Sensex surged 7.80% while the Nifty soared 7.46%. First Published: Apr 09 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission IPO First Published: Apr 09 2026 | 8:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani stocks lag in 1yr; analysts back Adani Enterprises, Adani Power First Published: Apr 09 2026 | 8:58 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Short-term funds offer safety and decent yields First Published: Apr 09 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices rose on Thursday on investors' concerns supply from the key Middle East producing region may not fully resume amid doubts the two-week ceasefire between the US and Iran will hold and as the crucial Strait of Hormuz remains restricted. Brent crude futures were ?up $2.6, or 2.74 per cent, at $97.35 a barrel at 0048 GMT, while US West Texas Intermediate (WTI) crude rose $3.02, or 3.2 per cent, to $97.43 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fighting between the US and Israel against Iran would reopen the Strait of Hormuz. The waterway connects supply from Gulf producers such as Iraq, Saudi Arabia, Kuwait and Qatar to global markets and typically carries about 20 per cent of oil supply. Still, questions about the viability of the ceasefire remain as Israel continued to attack Lebanon on Wednesday, causing ?Iran to suggest it would be "unreasonable" to proceed with talks to forge a permanent peace deal. Shippers on Wednesday also said they needed more clarity on the terms of the ceasefire before resuming transit through the Strait of Hormuz. Iran has issued maps to guide ships around mines in the waterway and designated safe paths for passage in coordination with the country's Revolutionary Guards, Iranian media reported. "Transit through the Strait of Hormuz is not suddenly risk-free. It remains at Iran's discretion," analysts at Standard Chartered said in a note. "Logistic disconnects, security fears, elevated insurance premiums and ?operational constraints mean that very little additional energy is likely to be supplied via the Strait of Hormuz in the next two weeks." Regional oil facilities also remain under threat, with Iran ?striking sites in nearby countries after the ceasefire, including a pipeline in Saudi Arabia that has ?been used to bypass the blockaded Strait of Hormuz, according to an oil industry source. Kuwait, Bahrain and the UAE also reported missile and drone strikes. There are doubts the ceasefire can ?hold, Haitong Futures said in a note, as Israel's strikes on Lebanon's Hezbollah have emerged as a point of contention, while attacks on energy facilities across the Middle East have yet to ?stop, and conflicting statements persist over the Strait of Hormuz. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 09 2026 | 8:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Overseas investors have sold $22 billion of Indian equities over the past year. First Published: Apr 09 2026 | 8:25 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Meta Infotech has received fresh and renewal orders worth Rs 2.58 crore from a leading domestic mutual fund and investment management company. The orders are for cloud security subscriptions for the period June 1, 2026, to May 31, 2027, and are scheduled to be executed within 60 days. There is no promoter or group interest in the client, and the transaction does not fall under related party transactions. Meta Infotech is engaged in trading and providing services related to cybersecurity software products. The company reported a 60.7% surge in consolidated net profit to Rs 10.51 crore, while revenue from operations rose 40.3% to Rs 152.13 crore in FY25 over FY24. Shares of Meta Infotech rose 4.99% to close at Rs 78.83 on the BSE. First Published: Apr 09 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex were trading lower as renewed geopolitical tension weighed. First Published: Apr 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may open on a negative note on Thursday. First Published: Apr 09 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 09 2026 | 7:42 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 09 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Informal Group of Ministers (IGoM), headed by Defence Minister Rajnath Singh, took stock of India's readiness in view of the recent developments in West Asia during its third meeting at Kartavya Bhawan-2, New Delhi, on April 8, the government said in a release. Minister of Finance & Corporate Affairs Nirmala Sitharaman; Minister of External Affairs S Jaishankar; Minister for Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chouhan; Minister of Commerce and Industry Piyush Goyal; Minister of Chemicals & Fertilizers Jagat Prakash Nadda; Minister of Petroleum and Natural Gas Hardeep Singh Puri; Minister of Consumer Affairs, Food and Public Distribution Prahlad Joshi; Minister of Railways, Information and Broadcasting, Electronics & Information Technology Ashwini Vaishnaw; Minister of Parliamentary Affairs Kiren Rijiju; Minister of Civil Aviation Kinjarapu Rammohan Naidu, and Minister of State (Independent Charge) of the Ministry of Science & Technology Jitendra Singh attended the meeting. In his remarks, Rajnath Singh directed all departments to continue focusing on preparedness, coordination, and resilience building to stay ready to deal with any eventuality. In a post on X, he stated that the Government is ensuring continued availability of LPG, petrol and diesel, fertilisers for farmers and facilitating supply of essential commodities in the country. The Government, under the leadership of Prime Minister Narendra Modi, has been doing exceptional work in safeguarding the citizens from the impact of the conflict, he said. The IGoM was informed that India has ensured the evacuation of the highest number of vessels than any other country, from the Strait of Hormuz over the past 40 days. A total of 8 LPG vessels, carrying approximately 340TM, equivalent to around 11 days of India's import requirement have successfully transited the Strait, reinforcing the country's energy security and supply stability. There have been no reports of dry-out at LPG distributorships, and delivery of domestic LPG cylinders continues despite all across the country, as per the release. In order to support the vulnerable communities including migrant labourers, the supply of 5kg Free Trade LPG cylinders has been doubled beyond the 20% allocation earmarked for priority segments on 7 April. Oil PSU retail pump outlets continue to dispense auto LPG to support the public transportation requirements. However, some supply constraints are being faced by private operators due to their procurement challenges, causing increased footfall in PSU outlets, it added. It said that a major decision was taken on 8 April to further ease supply of LPG to industrial segments by allocating 70% of fuel demand to non-domestic bulk consumers with supply prioritised for key sectors such as pharma, food, polymers, agriculture, packaging, paints, steel, defence-related materials, etc. This measure is expected to prevent supply-chain disruptions, avoid shortages of essential goods and ensure continuity of industrial operations despite the ongoing global crisis. Piped Natural Gas (PNG) is being actively promoted wherever feasible. Owing to the increased awareness from the PNG connection campaign launched to reduce LPG dependence, 3.16 lakh new PNG connections were added, representing a three fold increase over March 2025 levels.The campaign has also resulted in the surrender of 16,700+ LPG connections by citizens, indicating a growing shift toward PNG adoption, the release added. The IGoM was also briefed about the easing in energy prices in the light of the ceasefire. The Ministers were informed that key sectoral parameters will continue to be closely monitored and appropriate measures will be taken. The IGoM was also apprised about the adequate measures taken by the Department of Food and Public Distribution. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 09 2026 | 7:17 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 8:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Aurobindo Pharma has secured final approval from the US Food and Drug Administration (USFDA) to manufacture and market Dapagliflozin and Metformin Hydrochloride extended-release tablets for the treatment of type-2 diabetes. The combination therapy is indicated as an adjunct to diet and exercise to improve glycaemic control in adults where treatment with both medicines is appropriate. According to IQVIA data, the product has an estimated US market size of $514 million for the twelve months ending February 2026. Aurobindo is eligible for 180 days of shared generic exclusivity as one of the first applicants. As of March 31, 2026, the company had a total of 579 ANDA approvals from the USFDA, including 554 final approvals and 25 tentative approvals. Aurobindo Pharma is principally engaged in the manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals, and related services. The companys consolidated net profit rose 7.6% to Rs 910.29 crore on a 9% increase in net sales to Rs 8,604.51 crore in Q3 FY26 over Q3 FY25. Shares of Aurobindo Pharma shed 0.76% to close at Rs 1,329.60 on the BSE. First Published: Apr 08 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 7:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex are expected to surge as oil prices plunged after the US and Iran agreed to ceasefire. First Published: Apr 08 2026 | 7:40 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, BSE First Published: Apr 08 2026 | 7:27 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 6:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US envoy to India Sergio Gor met US Commerce Secretary Howard Lutnick here and discussed the commercial roadmap for the two countries and the opening up of a market of 1.4 billion people for American products. In a social media post, Gor said he discussed with Lutnick a new Memorandum of Understanding that seeks to connect India's AI scale with the American AI ecosystem and also strong participation from New Delhi in the upcoming SelectUSA Summit near here. "Productive meeting with Secretary @HowardLutnick on the US-India commercial roadmap. We discussed a new MoU connecting India's AI scale with the American AI ecosystem, strong Indian participation at the upcoming @SelectUSA Summit, and growing Indian pharma investment in the United States to boost competition, and strengthen supply chains," Gor said in a post on Tuesday. In a separate post, the US Department of Commerce said Lutnick and Gor were working to open a market of 1.4 billion people to American products. "Today, Secretary Lutnick met with US Ambassador to India Sergio Gor, advancing President Trump's historic U.S.-India trade deal," the US Department of Commerce said in a post on X on Tuesday. "Together, we are working to open a market of 1.4 billion people to American products and secure over USD 500 billion in US exports," it said. Gor said he also had a meeting with Ben Black, the CEO of the US International Development Finance Corporation and Deputy Attorney General Todd Blanche. "Met @DFC_CEO Ben Black for a good discussion on expanding US-India investment partnerships that support infrastructure, growth, and private sector opportunity. Ben is doing a fantastic job," said Gor. "Always great to see my friend @DAGToddBlanche and update him on my work in South and Central Asia. Everything we do under President Trump is to serve the American people first and ensure our foreign policies make America safer and stronger," the US Ambassador to India said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 08 2026 | 6:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Oil prices plunged after Trump said he would hold off on his threat of devastating attacks on Iran. Oil prices plunged and US stock futures jumped after President Donald Trump said he would hold off on his threat of devastating attacks on Iran for two weeks if the Iranians agree to allow ships to pass through the Strait of Hormuz. Futures for US crude oil sank 18% to around $92.60 while Brent crude oil futures fell about 6% to $103.40. Both prices remain well above where they were at the start of the war. Futures for the S&P 500 rose 2.4%. Trump said Iran has proposed a "workable" 10-point peace plan that could help end war the US and Israel launched on Feb 28. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 08 2026 | 6:47 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 08 2026 | 6:41 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 08 2026 | 12:15 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Reserve Bank of Indias (RBI;s) Monetary Policy Committee (MPC) decided to keep policy repo rate unchanged at 5.25% while announcing its first policy decision of FY27 on Wednesday, April 8. The six-member panel, chaired by Governor Sanjay Malhotra, met over the past few days to review key issues. This review comes amid rising geopolitical tensions in the West Asia and a weakening rupee. In its last meeting in February 2026, the MPC had kept the repo rate steady at 5.25% after a cumulative 125-basis-point cut in 2025, adopting a cautious wait-and-watch approach focused on stability. First Published: Apr 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Dapagliflozin Tablets, 5 mg and 10 mg (USRLD: Farxiga Tablets, 5 mg and 10 mg). Dapagliflozin is a sodium-glucose cotransporter 2 (SGLT2) inhibitor indicated as an adjunct to diet and exercise to improve glycaemic control in adults with type 2 diabetes mellitus. With this approval, Zydus is eligible for 180 days of shared generic drug exclusivity for Dapagliflozin Tablets, 5 mg and 10 mg. Dapagliflozin tablets will be manufactured at the group's formulation manufacturing facility at SEZ, Ahmedabad. Dapagliflozin tablets had annual sales of USD 10.2bn in the United States (IQVIA MAT February 2026). First Published: Apr 08 2026 | 10:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Illustration: Binay Sinha First Published: Apr 07 2026 | 8:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,50,800 First Published: Apr 07 2026 | 8:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Deep Industries announced that it has secured an order worth Rs 59 crore from Oil and Natural Gas (ONGC) Corporation for hiring services of Natural Gas Compressor, Gas Dehydration & HC Dew Point Depression at Malleswaram, ONGC Rajahmundry Asset. Deep Industries is in the business of oil and gas field services. The company specializes in providing air & gas compression services, drilling and workover services, gas dehydration services, etc. The company also provides integrated project management services. The company has reported a 49.8% rise in consolidated net profit to Rs 71.34 crore on a 43.1% increase in revenue from operations to Rs 221.49 crore in Q3 FY26 as compared with Q3 FY25. Shares of Deep Industries rose 1.57% to close at Rs 445.90 on the BSE. First Published: Apr 07 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Technical outlook on MCX Gold and MCX Silver by Bonanza. First Published: Apr 07 2026 | 7:49 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:48 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 07 2026 | 7:32 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Om Power Transmission IPO First Published: Apr 06 2026 | 8:24 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 8:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
J. Kumar Infraprojects announced that it has secured a contract worth Rs 1,184 crore for the construction of an international exhibition-cum-convention centre in Lucknow, Uttar Pradesh. The project involves the design, engineering, and construction of a convention centre with a capacity of 10,000 people at Vrindavan Yojna, Sector-15, in Lucknow, Uttar Pradesh, and will be executed in an EPC mode. The contract is to be executed within 24 months. J. Kumar Infraprojects undertakes construction of metro infrastructure, elevated corridors/flyovers, roads and road tunnels, civil works, and water infrastructure. The company had reported a 17.12% fall in consolidated net profit to Rs 82.85 crore on an 11.81% fall in revenue to Rs 1,311.24 crore in Q3 FY26 over Q3 FY25. The scrip shed 0.08% to close at Rs 454.75 on the BSE. First Published: Apr 06 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 is expected to open lower on Monday. First Published: Apr 06 2026 | 7:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Reserve Bank of India’s defence of a record-low rupee has constrained its ability to inject liquidity, tightening financial conditions that are likely to weigh on banks over the coming quarters | First Published: Apr 06 2026 | 7:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stocks to watch today First Published: Apr 06 2026 | 7:45 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,51,070 First Published: Apr 06 2026 | 7:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 7:05 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian pharma sector outlook and stocks to buy amid US tariff concerns First Published: Apr 06 2026 | 7:00 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Opec+, consisting of some members of the ?Organization of the Petroleum Exporting Countries and allies such as Russia, agreed to a modest rise of 206,000 barrels per day for May (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 6:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Axis Bank reported steady growth in key business metrics for the quarter ended 31 March 2026, driven by continued traction in advances and deposits. Total deposits rose to Rs 13,35,800 crore, up 6.0% QoQ and 13.9% YoY. Within this, CASA deposits grew 7.3% QoQ and 10.6% YoY to Rs 5,28,900 crore, while term deposits increased 5.1% sequentially and 16.1% annually to Rs 8,06,900 crore. On a quarterly average basis, total deposits stood at Rs 12,26,500 crore, marking a 2.4% QoQ growth and a 13.1% YoY rise. Average CASA deposits were at Rs 4,58,300 crore, up 2.3% QoQ and 10.4% YoY, while average term deposits rose 2.5% sequentially and 14.8% YoY to Rs 7,68,200 crore. Axis Bank is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City. The bank reported a 2.94% increase in standalone net profit to Rs 6,489.57 crore in Q3 FY26 compared with Rs 6,303.77 crore in Q3 FY25. Total income increased 4.26% year on year (YoY) to Rs 38,500.06 crore in Q3 FY26. Shares of Axis Bank rose 0.17% to Rs 1200.20 on the BSE. First Published: Apr 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Smartworks Coworking Spaces announced the expansion of its multi-city engagement with a Forbes 2000 company and a global leader in digital business services and customer experience (CX) management. With the addition of 1,150 seats at Smartworks' managed campus at Tata Intellion Park, Navi Mumbai, the client's total portfolio with the company now spans Bengaluru, Kolkata, Hyderabad, and Mumbai, taking the overall seat count to over 5,000 seats. The combined expected rental revenue from these locations is estimated to exceed Rs 155 crore, which includes the newly signed Mumbai managed office deal of Rs 51 crore. As of Q3 FY26, Smartworks had over Rs 4,700 crore of committed rental revenue, reinforcing the long tenure, enterprise-led nature of the business. First Published: Apr 06 2026 | 9:31 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Indian currency jumped 1.8 per cent last week, its best showing in over four years, after RBI imposed position limits on banks and corporates The Indian rupee is set to open higher on Monday, supported by spillover effects of the central bank's recent actions, though persistent oil-related demand and foreign equity selling could temper sentiment. The rupee is likely to ?open in the 92.80-92.90 range versus the US dollar, having settled at 93.10 on Thursday, per traders. Indian financial markets were shut on Friday for Good Friday. The Indian currency jumped 1.8 per cent last week, its best showing in over four years, after the Reserve Bank of India imposed position limits on banks and corporates, curbing the onshore-NDF arbitrage activity. This triggered an unwinding of bank positions, leading to dollar selling in the onshore market. The banks have to bring down their positions to the RBI-mandated ?level by April 10. While a "number" of banks have already cut positions and are now below the new limits, there are a few that remain, a currency trader at a bank said. "That should be a source of support (for rupee) through this week," he said. The central bank followed up with restrictions on speculative activity by corporates and barred banks from offering NDF to clients, which bankers said highlighted the central bank's intent to back the rupee Still, traders say the broader ?outlook for the rupee remains weak amid rising oil prices and continued foreign outflows, particularly from equities. Oil prices climbed on Monday on continuing fears ?of supply losses because of shipping disruptions due to the US-Israeli war with Iran. On ?Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran's power plants and bridges on ?Tuesday if the strategic Strait of Hormuz is not reopened. Meanwhile, foreign investors continued to shun Indian equities amid concerns over the economic impact of rising oil prices, ?pulling out nearly $1 billion on Thursday after withdrawing over $12.5 billion in March. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 9:29 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock market, market First Published: Apr 06 2026 | 9:20 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At board meeting held on 06 April 2026 First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At meeting held on 06 April 2026 First Published: Apr 06 2026 | 9:16 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Indian Energy Exchange achieved highest ever electricity traded volume of 141 BU in FY'26, registering an increase of 17% on YoY basis. IEX recorded highest ever yearly trade of RECs in FY'26. A total of 187.20 lakh Renewable Energy Certificates were traded during the year, marking 5% year on year increase. During FY'26, the country's power demand grew by 1.1% on a year-on-year basis. During the fiscal year, enhanced wind, hydro and solar generation along with sustained supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a substantial decline in DAM and RTM prices. For FY'26, the Market Clearing Price in the Day-Ahead Market at Rs 3.86/unit declined 13.7% compared to FY'25. Similarly, the Market Clearing Price in the Real-Time Market at Rs 3.59/unit during FY'26 declined 16% compared to FY'25. For Q4FY'26, IEX achieved highest ever quarterly electricity traded volume of 39.4 BU, marking a 24.3% year on year increase. IEX recorded highest quarterly trade of RECs in Q4FY'26. A total of 71.70 lakh Renewable Energy Certificates were traded during the quarter, marking 6.1% year on year increase. For the month of March 2026, IEX achieved highest ever monthly electricity traded volume of 13.90 BU, marking a 23.5% increase on year-on-year basis. A total of 28.94 lakh Renewable Energy Certificates were traded during the month, marking an 119.9% year on year increase. According to government data published in March '26, the country's energy consumption reached 149.56BUs, an increase of 1.8%compared to the previous year. Despite the increase in energy consumption, prices on power exchanges were lower compared to previous year due to higher supply liquidity on the exchange platform. The market clearing Price in the Day Ahead Market at Rs. 4.20/unit during March'26, declined 6% YoY. Similarly, price in the Real Time Market at Rs 3.71/unit during March'26, declined 10.5% YoY. The Day-Ahead Market (DAM) including HPDAM, achieved 62.78 BU for FY'26, as compared to 61.31 BU in FY'25, registering an increase of 2.4% on YoY basis. DAM segment registered 19.60 BU during Q4FY'26, as compared to 16.93 BU in Q4FY'25, registering an increase of 15.7% on YoY basis. The segment achieved 6.83 BU volume in March'26 as compared to 5.55 BU volume in March'25, an increase of 23.1% YoY. The Real-Time Electricity Market (RTM) achieved 54.85 BU for FY'26, as compared to 38.90 BU in FY'25, registering an increase of 41% on YoY basis. The RTM segment registered 14.30 BU during Q4FY'26, as compared to 9.65 BU in Q4FY'25, registering an increase of 48.2% on YoY basis. The RTM segment achieved5.28 BU in March'26 as compared to 3.73 BU in March'25, registering an increase of 41.7 % on YoY basis. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of HPTAM, contingency, daily & weekly and monthly contracts up to 3 months, traded 12.72 BU in FY'26, as compared to 11.77 BU in FY'25, registering an increase of 8.0% on YoY basis. The total volume of the segment during Q4FY'26 was 3.12 BU, as compared to 3.24 BU in Q4FY'25, a decline of 3.8% on YoY basis. The segment achieved 0.94 BU during March'26, as compared to 1.32 BU volume in March'25, a decline of 28.5 % on YoY basis. IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 10.78 BU, as compared to 8.75 BU in FY'25 an increase of 23% on YoY basis. The weighted average price in Green Day-Ahead Market (G-DAM) for FY'26 at Rs 3.59/unit declined 10.6% compared to FY'25. During Q4FY'26, the segment achieved volume of 2.44 BU, as compared to 1.92 BU in Q4FY'25 an increase of 26.5% YoY. The segment achieved 0.80 BU volume during March'26 as compared to 0.62 BU in March'25, registering an increase of 28.3% YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for March'26 at Rs 3.84/ unit, declined 10.8% YoY. 187.20 lac RECs were traded during FY'26. REC traded volume in FY'26 increased by 5%onYoYbasis. 71.70 lakh RECs were traded during Q4FY'26.REC traded volume in Q4FY'26increased by 6%onYoYbasis. A total of 28.94 lakh RECs were traded in the trading sessions held on 11th March'26 and25th March'26, at a clearing price of Rs. 340/REC. REC traded volume in March'26 increased by 119.9% on YoY basis. The next REC trading sessions at the Exchange are scheduled on 08th April'26 and 29th April'26. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro announced that it has secured a multi-year strategic transformation deal with Olam Group. The 8-year engagement with Olam Group is expected to exceed US$ 1 billion in contract value, with a committed spend of US$ 800 million. Olam Group is a leading US$ 50+1 Billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. As part of the engagement, Wipro will deliver end-to-end transformation services to Olam Group through a consulting-led and AI-powered approach. The engagement will draw on Wipro's industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI-powered platforms, solutions, and transformative offerings. Together, these capabilities will strengthen Olam Group's core operations and support the creation of a sustainable competitive advantage. Building on this foundation, Wipro will deploy its capabilities across Olam Group's farm-to-fork' value chain, delivering industry-specific solutions that align with the Group's business priorities. This will focus on areas such as farming, forecasting, trading, supply chain operations, and customer engagement, with the goal of improving operational effectiveness, strengthening resilience, and supporting long-term growth at scale. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Avenue Supermarts (D Mart) reported a 18.96% jump in standalone revenue to Rs 17,204.50 crore in Q4 March 2026 compared with Rs 14,462.39 crore posted in corresponding quarter last year. L&T Finances retail disbursement climbed 62% to Rs 24,080 crore in Q4 FY26, compared with Rs 14,899 crore recorded in Q4 FY25. HDFC Banks average deposits jumped 12.8% to Rs 28,51,100 crore crore in Q4 FY26 compared with Rs 25,28,000 crore in Q4 FY25. Bajaj Finances deposits book declined 4% to Rs 68,550 crore as on 31st March 2026, compared with Rs 71,403 crore as on 31st March 2025. Jammu & Kashmir bank's gross advances jumped 16.83% to Rs 124,986.53 crore as of 31 March 2026, compared with Rs 106,985.49 crore as of 31 March 2025. Kernex Microsystems (India) announced that it has secured an order worth Rs 91.12 crore from Banaras Locomotive Works (BLW), Varanasi. Dabur India said that the companys India FMCG business witnessed sequential recovery in demand and is likely to record high-single digit growth in the quarter ended on 31 March 2026. Vikran Engineering (VEL) said that it has received two major letters of award (LoA) aggregating to Rs 530.80 crore from Maharashtra State Electricity Distribution Co. (MSEDCL), a Government of Maharashtra undertaking. Bajaj Housing Finance has reported 23% increase in gross disbursements to Rs 17,530 crore in Q4 FY26 from Rs 14,254 crore in Q4 FY25. First Published: Apr 06 2026 | 9:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 10:53 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
IndusInd Bank reported a 2.6% decline in deposits to Rs 4,00,178 crore as of 31 March 2026, compared with Rs 4,10,862 crore as of 31 March 2025. Net advances declined 8.7% YoY to Rs 3,15,154 crore as of 31 March 2026. The CASA ratio stood at 31.3% as of 31 March 2026, compared with 32.8% as of 31 March 2025. The bank reported an 88.5% decline in standalone net profit to Rs 161.16 crore on a 13.67% fall in total income to Rs 13,079.39 crore in Q3 FY26 over Q3 FY25. The counter shed 0.98% to Rs 771.55 on the BSE. First Published: Apr 06 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Vedanta added 2.13% to Rs 702.45 after the company's aluminium production jumped 2% to 613,000 tonnes in Q4 FY26, compared with 604,000 tonnes posted in Q4 FY25, supported by majorly through operational efficiencies. In the zinc business, mined metal production stood at 315 kilotonnes (kt), up 2% YoY, while saleable metal production rose 5% YoY to 282,000 tonnes. Silver production edged lower to 176 metric tonnes in the quarter, but rose 11% quarter-on-quarter (QoQ), in line with higher lead production. In the oil and gas segment, gross operated production stood at 81.5 thousand barrels of oil equivalent per day (kboepd), marking a 15% YoY decline. Saleable iron ore production in stood at 2 million tonnes in Q4 FY26, down 3% YoY and up 26% QoQ. Production of saleable ore in Goa surged 94% YoY while output in Karnataka declined 28% YoY. In Power segment, overall power sales stood at 5,516 million units in Q4 FY26, up 43% YoY and up 24% QoQ. However, wind power generation declined 11% YoY and QoQ to 56 million units during the quarter. For FY26, the company reported a 48% YoY rise in alumina production to 2,916 kt, while aluminium production grew 1% YoY to 2,456 kt. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. On a consolidated basis, Vedanta's net profit surged 60.98% to Rs 5,710 crore while revenue from operations jumped 36.95% YoY to Rs 23,369 crore in Q3 December 2025. First Published: Apr 06 2026 | 10:51 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Wipro added 1.26% to Rs 197.25 after the company announced that it has secured a multi-year strategic transformation deal with Olam Group. Olam Group is a leading US$ 50-plus billion food and agri-business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings. The 8-year engagement with Olam Group is expected to exceed $1 billion in contract value, with a committed spend of $800 million. As part of the engagement, Wipro will deliver end to end transformation services to Olam Group through a consulting led and AI powered approach. The engagement will draw on Wipros industry expertise, partnerships with leading technology providers, and Wipro Intelligence, its unified suite of AI-powered platforms, solutions, and transformative offerings. Together, these capabilities will strengthen Olam Groups core operations and support the creation of a sustainable competitive advantage. Wipro will deploy its capabilities across Olam Groups farm-to-fork value chain, delivering industry-specific solutions that align with the Groups business priorities. As part of this broader engagement, Wipro will acquire Mindsprint, Olam Groups IT services arm. Headquartered in Singapore, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. Mindsprint has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions. It had recorded consolidated revenue of $135.6 million for the calendar year ended on 31 December 2025. The transaction is expected to be completed by 30 June 2026. The total cost of this acquisition is $375 million, which is subject to customary closing adjustments. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The company reported a 3.92% decline in consolidated net profit to Rs 3,119 crore despite a 3.78% jump in revenue from operations to Rs 23,555.8 crore in Q3 FY26 over Q2 FY26. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Union Bank of India rose 1.25% to Rs 174.35 after the bank reported a 10.06% increase in domestic advances to Rs 10,41,122 crore as of 31 March 2026, compared with Rs 9,45,975 crore as of 31 March 2025. The banks total global business stood at Rs 23,85,679 crore as of 31 March 2026, up 5.79% YoY and 6.52% QoQ. Global advances rose 9.76% YoY and 6.09% QoQ to Rs 10,78,779 crore, while global deposits increased 2.72% YoY and 6.87% QoQ to Rs 13,06,900 crore as of 31 March 2026. Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The bank reported an 8.97% rise in net profit to Rs 5,017 crore on a 1.55% increase in operating income to Rs 13,869 crore in Q3 FY26 as compared with Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa surged 3.11% to Rs 253.60 after it has reported a strong operational performance for the quarter ended 31 March 2026, with consolidated GMV growth in the high twenties and net sales value (NSV) growth in the low thirties. Consolidated net revenue is expected to rise in the high twenties, marking the companys fastest growth in the past 12 quarters, driven by sharp acceleration in the fashion vertical and sustained strength in the beauty business. For FY26, NSV growth is likely to improve to the high twenties, up from mid-twenties over the past two years. Net revenue is projected at the upper-mid twenties, reflecting steady performance across segments. The beauty vertical continued its strong momentum, with GMV, NSV, and net revenue growth in the high twenties. Strong conversion metrics, omnichannel execution, and accelerated growth in House of Nykaa supported overall performance. Nykaa recorded its highest-ever quarterly retail expansion, adding 26 new stores and integrating 11 Kiehls outlets in Q4, taking the total store count to 313 as of 31 March 2026. The fashion vertical showed sharp recovery, with GMV growth in the high twenties and NSV growth in the low forties. Net revenue growth in the segment improved to the high thirties, driven by better platform traction, robust customer acquisition, and an expanding brand portfolio. Strategic initiatives, including the Nike partnership and Pink Love Sale, further supported growth. The company noted that geopolitical developments in West Asia had no material impact during the quarter, with the Middle East contributing less than 1% to overall revenue. The quarters performance underscores Nykaas strengthening growth trajectory, supported by balanced momentum across beauty and fashion segments. FSN E-Commerce Ventures (Nykaa) journey began in 2012 as a digital-first, consumer tech beauty company. It has expanded its offerings to include fashion and B2B, launching platforms such as Nykaa Fashion, Nykaa Man, and Nykaa Superstore. The companys consolidated net profit climbed surged 142.38% to Rs 63.31 crore on 26.73% increase in revenue from operations to Rs 2873.26 crore in Q3 FY26 over Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank of Baroda rose 3.02% to Rs 257.30 after the bank reported a 16.23% increase in global advances to Rs 14,30,204 crore as of 31 March 2026, compared with Rs 12,30,461 crore as of 31 March 2025. Domestic advances increased 14.56% YoY to Rs 11,69,804 crore, while domestic deposits grew 12.83% YoY to Rs 14,01,497 crore as of 31 March 2026. Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services. Bank of Baroda reported a 4.4% rise in standalone net profit to Rs 5,442.92 crore on a 6% increase in total income to Rs 39,999 crore in Q3 FY26 over Q3 FY25. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In light of the evolving situation in West Asia, the Government of India remains actively engaged in ensuring preparedness and seamless functioning across key sectors, Ministry of Petroleum & Natural Gas stated in an update. Keeping in view the evolving situation, including around the Strait of Hormuz, the Ministry of Petroleum and Natural Gas continues to take necessary measures to ensure smooth and uninterrupted supply of petroleum products and LPG across the country. As per Ministry: Govt. is making all efforts to ensure availability of Petrol, Diesel and LPG, and citizens are advised to avoid panic purchase of petrol and diesel as well as unnecessary booking of LPG. Citizens are advised to beware of rumours and rely only on official sources for correct information. For LPG, citizens are requested to use digital modes for booking of LPG cylinders and avoid visiting LPG distributors unless necessary. Citizens are encouraged to use alternate fuels such as PNG, induction and electric cooktops wherever feasible. In the current situation, all citizens are requested to make necessary efforts to conserve energy in their daily usage. Despite this war situation, Government has given highest priority to Domestic LPG and PNG, along with high priority to hospitals and educational institutions. The Government has already implemented several rationalisation measures on both the supply and demand side, including enhancing refinery production, increasing the booking interval from 21 to 25 days in urban areas and up to 45 days in rural areas and prioritising sectors for supply. Alternate fuel options like Kerosene and coal have been offered to ease pressure on LPG demand. States have been advised to facilitate the new PNG connections for both domestic and commercial consumers. First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 10:50 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Bank stocks mixed after Q4 updates; PSU banks gain First Published: Apr 06 2026 | 10:44 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 06 2026 | 11:07 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Adani Green Energy Ltd registered volume of 72.71 lakh shares by 10:44 IST on BSE, a 23.18 fold spurt over two-week average daily volume of 3.14 lakh shares Zydus Wellness Ltd, 360 ONE WAM Ltd, RBL Bank Ltd, Aegis Logistics Ltd are among the other stocks to see a surge in volumes on BSE today, 06 April 2026. Adani Green Energy Ltd registered volume of 72.71 lakh shares by 10:44 IST on BSE, a 23.18 fold spurt over two-week average daily volume of 3.14 lakh shares. The stock rose 6.23% to Rs.908.20. Volumes stood at 1.76 lakh shares in the last session. Zydus Wellness Ltd registered volume of 6.87 lakh shares by 10:44 IST on BSE, a 17.15 fold spurt over two-week average daily volume of 40049 shares. The stock rose 11.99% to Rs.497.25. Volumes stood at 32453 shares in the last session. 360 ONE WAM Ltd saw volume of 11.97 lakh shares by 10:44 IST on BSE, a 12.71 fold spurt over two-week average daily volume of 94139 shares. The stock dropped 0.60% to Rs.929.20. Volumes stood at 19438 shares in the last session. RBL Bank Ltd witnessed volume of 4.6 lakh shares by 10:44 IST on BSE, a 4.1 times surge over two-week average daily volume of 1.12 lakh shares. The stock increased 3.69% to Rs.312.10. Volumes stood at 1.62 lakh shares in the last session. Aegis Logistics Ltd recorded volume of 2.84 lakh shares by 10:44 IST on BSE, a 3.42 times surge over two-week average daily volume of 83096 shares. The stock gained 3.78% to Rs.612.20. Volumes stood at 69454 shares in the last session. First Published: Apr 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
At 10:30 IST, the barometer index, the S&P BSE Sensex, fell 415.06 points or 0.55% to 72,918.52. The Nifty 50 index slipped 108.55 points or 0.48% to 22,628.15. In the broader market, the BSE 150 MidCap Index shed 0.01% and the BSE 250 SmallCap Index fell 0.30%. The market breadth was positive. On the BSE, 2,139 shares rose and 1,712 shares fell. A total of 232 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.78% to 26.23. Buzzing Index: The Nifty Oil & Gas index dropped 1.42% to 10,687.85. The index tumbled 2.20% in two consecutive trading sessions. Chennai Petroleum Corporation (down 3.23%), Reliance Industries (down 2.4%), Indian Oil Corporation (down 2.38%), Bharat Petroleum Corporation (down 1.94%), Hindustan Petroleum Corporation (down 1.92%), Aegis Logistics (down 1.74%), Castrol India (down 1.02%), Petronet LNG (down 1.01%), Gujarat State Petronet (down 0.64%) and Oil & Natural Gas Corpn (down 0.54%) declined. Stocks in Spotlight: Trent jumped 6.37% after the companys standalone revenue from operations jumped 20% to Rs 4,937 crore in Q4 FY26, compared with Rs 4,106 crore in Q4 FY25. Yes Bank added 0.50%. The company reported a 10.7% YoY growth in loans and advances to Rs 2,72,454 crore as of 31 March 2026, compared with Rs 2,46,188 crore as of 31 March 2025. Bandhan Bank slipped 0.27%. The company reported total deposits rose by 10% to Rs 166,344 crore in the quarter ended 31 March 2026, compared to Rs 151,212 crore recorded in the quarter ended 31 March 2025. Bank of Maharashtra rallied 1.77% after the bank has reported an 18% year-on-year rise in total business to Rs 6,42,700 crore for the financial year ended 31 March 2026. First Published: Apr 06 2026 | 11:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25 Retail sales of vehicles across categories in India in 2025-26 grew by 13.3 per cent at a record 2,96,71,064 units as compared to 2,61,87,255 units in the previous fiscal, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Monday. Passenger vehicle (PV) retail sales rose to 47,05,056 units in FY26, up 13 per cent from 41,63,927 units in FY25, the Federation of Automobile Dealers Associations (Fada) said in a statement, adding that it is cautiously optimistic but watchful of the possible impact of West Asia war on vehicles demand in India going forward. Similarly, two-wheeler (2W) sales also grew by 13.4 per cent at 2,14,20,386 in 2025-26 as compared to 1,88,89,595 units in 2024-25. In FY26, three-wheeler retail sales stood at 13,63,412 units, up 11.68 per cent from 12,20,834 units in FY25, according to Fada. Commercial vehicles (CV) retail also witnessed a growth of 11.74 per cent at 10,60,906 units in FY26 as against 9,49,406 units in FY25, it added. Commenting on the industry performance, Fada President C S Vigneshwar said,"2025-26 has been a landmark year for Indian auto retail delivering an all-time high of 2,96,71,064 units with a broad-based 13.3 per cent YoY growth that saw five of six vehicle categories set new annual records." This is not just a number, it represents the industry approaching the 3 crore mark, a milestone that would have seemed distant just two years ago, he added. "What makes this year particularly significant is that the growth was structurally sound, underpinned by improving affordability, widening mobility demand across urban and rural India, and a diversifying powertrain mix," Vigneshwar noted. He, however, pointed out that FY26 growth was not linear as the first five months, April through August, were a period of measured momentum, with monthly growth ranging between 2-5 per cent as the market navigated residual caution from the previous year's sluggish inventory cycle, selective financing constraints, and consumer wait-and-watch behaviour in anticipation of policy clarity. "The turning point arrived in September with the implementation of GST 2.0. The rate rationalisation, which meaningfully reduced the effective tax burden on mass-segment two-wheelers, small cars, three-wheelers, and select commercial categories, improved real affordability at a time when the consumer was already positioned to respond," Vigneshwar said. From September onwards, the festive convergence of Navratri and Diwali in October delivered an all-time record monthly retail of over 40 lakh units, and the momentum carried through the remainder of the year. January, February, and March 2026 each registered strong double-digit YoY growth, validating that the upshift was not merely festive but structural, he said. On the outlook, Fada said,"The key variable will be the trajectory of the West Asia situation and its pass-through to fuel prices, supply availability, and overall consumer confidence." Citing its survey, the dealers' body said 53.2 per cent of dealers have experienced some form of supply or dispatch disruption linked to the ongoing conflict, with 17.1 per cent reporting significant delays of three or more weeks. While the impact has been most pronounced in the CV segment, PV and 2W dealers have also flagged selective variant-level delays, it added. It also said on the fuel-price front, 36.5 per cent of dealers report that rising or expected fuel prices are moderately to significantly affecting customer purchase decisions. "This is a real friction point that bears monitoring, not because it will derail demand, but because it can elongate decision cycles and shift customer preference further toward CNG and EV options," it said. Fada remains constructively cautious, structurally optimistic but operationally watchful for the near-term, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 06 2026 | 11:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Nykaa share price jumps 4% on Q4 update, acquisition buzz First Published: Apr 06 2026 | 10:59 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
According to MF executives, the record buying was supported by a pick-up in lump-sum investments, as investors capitalised on the market correction. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Representative Picture This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Sponsored Content First Published: Apr 03 2026 | 7:25 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
RBL Bank said that the total business of the bank as 31 March 2026 was Rs 2.54 lakh crore, reflecting a growth of 24% from Rs 2.05 lakh crore as on 31 March 2025. Total deposits as 31 March 2026 stood at Rs 1.39 lakh crore, up 25% YoY and 16% QoQ. CASA deposits aggregated to Rs 46,723 crore as on 31 March 2026, up 23% YoY and 26% QoQ. CASA ratio improved sequentially to 33.6% in Q3 FY26 from 30.9% in Q2 FY26. Gross advances of the bank increased to Rs 1.15 lakh crore as on 31 March 2026, up 22% YoY and 11% QoQ. On the asset side, secured retail advances grew 36% YoY and 17% QoQ, while overall retail advances rose 18% YoY. Wholesale advances grew 27% YoY, with commercial banking up 29% YoY. The retail-to-wholesale mix stood at approximately 59:41 at the end of Q3 FY26. The bank stated that its liquidity remained comfortable, with LCR at 130%. Collection efficiency in the joint liability group (JLG) segment was 99.7% for March 2026. RBL Bank provides a wide range of banking and financial services, including wholesale banking, retail banking, treasury operations, and other banking-related activities. As of 31st December 2025, the bank has 1,921 total touch points of which 580 are bank branches and 1,341 business correspondent branches. Of 1,341 BC branches, 291 are banking outlets. RBL Finserve, a 100% subsidiary of the Bank, accounts for 1,084 business correspondent branches. The scrip had shed 0.18% to end at Rs 301 on the BSE yesterday. First Published: Apr 03 2026 | 7:16 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In its recent consultation paper, IRDAI has proposed implementing Indian Accounting Standards (Ind AS) for all insurers with effect from April 1, 2026, promoting better transparency, comparability, and alignment with globally accepted standards This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Top-rated (AAA) borrowers are likely to rely more on large institutional investors such as EPFO and insurance companies, where demand visibility is stronger. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Delhi and Odisha stood out as the second and third fastest-growing e2W states, respectively, in the country This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 03 2026 | 6:09 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Force Motors reported an 13.49% increase in total sales to 4,199 units in March 2026, as against 3,700 units sold in March 2025. Exports declined 22.34% to 73 units in March 2026, compared with 94 units in the same period last year. Force Motors is engaged in manufacturing light commercial vehicles, utility vehicles, and engines. It is an automobile company with a focus on the design, development, and manufacture of a range of automotive components, aggregates, and vehicles. The company reported a 252.1% year-on-year surge in consolidated net profit to Rs 406.15 crore in Q3 FY26, compared with Rs 115.34 crore in the corresponding quarter last year. Revenue from operations rose 12.7% to Rs 2,128.56 crore in Q3 FY26 as against Rs 1,889.49 crore in Q3 FY25. The counter jumped 6.91% to Rs 20,744.25 on the BSE. First Published: Apr 02 2026 | 8:04 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 8:03 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
US West Texas Intermediate crude futures were up $4.17, or 4.2 per cent, to $104.29 per barrel Oil prices climbed more than $4 on Thursday after President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few ?weeks, and did not commit to a specific timeline to end the war. Brent crude futures rose $4.88, or 4.8 per cent, to $106.04 per barrel by 0200 GMT. US West Texas Intermediate crude futures were up $4.17, or 4.2 per cent, to $104.29 per barrel. The gains come after both benchmarks had fallen more than $1 earlier on Thursday ahead of Trump's speech and had settled lower in the previous ?session. Trump said in a televised speech to the nation that the US military had nearly completed its goals in its war with Iran, and that the conflict would soon be ending, but gave no specific timeline. "We are going to finish the job, and we're going to finish it very fast. We're getting very close," he said. Threats to maritime ?traffic have grown as the conflict intensifies across the region. Most recently on Wednesday, an oil tanker ?leased to QatarEnergy was hit by an Iranian cruise missile ?in Qatari waters, its defence ministry said. The head of the International Energy Agency cautioned on Wednesday that supply ?disruptions will start to impact Europe's economy in April. The continent had previously been shielded by cargoes contracted before the war ?started. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) First Published: Apr 02 2026 | 7:56 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 7:54 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
In Delhi, the price of ten grams of 24-carat gold stood at ?1,53,110. First Published: Apr 02 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Stock Market LIVE Updates: the Nifty50 and the Sensex may log sharp losses at open on Thursday as geopolitical tension renewed post US President Donald Trump's address. First Published: Apr 02 2026 | 7:52 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 7:12 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Brent crude, crude oil First Published: Apr 02 2026 | 7:02 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 02 2026 | 6:55 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
stock markets, trading First Published: Apr 02 2026 | 6:37 AM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
This article has been processed by AI. It is not an official market report and should not be considered financial advice.
LSG vs DC LIVE SCORE, IPL 2026: Shami gets the early breakthrough; KL Rahul out for golden duck LSG 141-10 (18.4 ov) DC 6-1 (0.5 ov) Delhi Capitals need 136 runs in 19.1 remaining overs Pathum Nissanka 0(0) Nitish Rana* 4(4) A majority of India’s insurance market heads into facultative and treaty reinsurance renewals on April 1, covering nearly ?3 trillion of the non-life insurance business. This article has been processed by AI. It is not an official market report and should not be considered financial advice.
First Published: Apr 01 2026 | 8:04 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
“Rediff is quite profitable now. Rediff has also penetrated government clients for emails. Millions of users use Rediff each month,” a person with knowledge of the matter said. First Published: Apr 01 2026 | 7:59 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Glenmark, which operates 11 manufacturing facilities and six R&D centres worldwide, has been steadily expanding its focus on innovation alongside its generics and branded portfolio. First Published: Apr 01 2026 | 7:54 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Records growth in sales of 24% for FY 2026 Two-wheeler sales of the company registered a growth of 23% with sales increasing from 46.09 Lakh units in FY 2024-25 to 56.70 Lakh units in FY 2025-26. Three-wheeler of the company registered a growth of 63% with sales increasing from 1.35 Lakh to 2.19 Lakh units in FY 2025-26. Total exports registered a growth of 33% with sales increasing from 11.95 Lakh units in FY 2024-25 to 15.85 Lakh units in FY 2025-26. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
TVS Motor Company announced that during the Q4 of 2025-26, the company registered a growth of 28% with total sales increasing from 12.16 Lakh units in FY 2024-25 to 15.60 Lakh units. During the fourth quarter of the financial year 2025-26, two-wheeler of the company registered a growth of 27% with sales increasing from 11.80 Lakh units to 15.00 Lakh units in the fourth quarter of the financial year 2025-26. Three-wheeler of the company registered a growth of 65% with sales increasing from 0.37 Lakh units in the fourth quarter of financial year 2024-25 to 0.60 Lakh units in the fourth quarter of the financial year 2025-26. Total exports registered a growth of 24% with sales increasing from 3.40 Lakh units in the last quarter of FY 2024-25 to 4.22 Lakh units in the current quarter. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
Records 25% YoY growth in sales TVS Motor Company (TVSM) recorded monthly sales of 519,358 units in March 2026 with a growth of 25% as against 414,687 units in March 2025. Total two-wheelers registered a growth of 25% with sales increasing from 400,120 units in March 2025 to 498,134 units in March 2026. Domestic two-wheeler registered growth of 25% with sales increasing from 297,622 units in March 2025 to 372,383 units in March 2026. Motorcycle registered a growth of 18% with sales increasing from 196,734 units in March 2025 to 232,788 units in March 2026. Scooter registered a growth of 31% with sales increasing from 166,297 units in March 2025 to 217,624 units in March 2026. EV registered a growth of 44% with sales increasing from 26,935 units in March 2025 to 38,877 units in March 2026. The Company's total International Business sales registered a growth of 25% increasing from 113,464 units in March 2025 to 141,443 units in March 2026. Two-wheeler sales grew by 23% with sales increasing from 102,498 units in March 2025 to 125,751 units in March 2026. Three-wheeler registered a growth of 46% with sales increasing from 14,567 units in March 2025 to 21,224 units in March 2026. First Published: Apr 01 2026 | 7:50 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The government plans to issue ?8.2 trillion of dated securities in H1FY27, broadly in line with previous years This article has been processed by AI. It is not an official market report and should not be considered financial advice.
The Nifty 50 rose 348 points, or 1.56 per cent, to settle at 22,679. First Published: Apr 01 2026 | 7:08 PM IST This article has been processed by AI. It is not an official market report and should not be considered financial advice.