Markets

Dhanlaxmi Cotex to Meet Board of Directors on May 22, 2026, to Review Financials Dhanlaxmi Cotex Limited has scheduled a meeting of its Board of Directors for Friday, May 22, 2026. The Board Meeting is set to take place at the company's registered office located at 285, Chatrabhuj Jivandas House, 2nd Floor, Princess Street, Mumbai - 400002, commencing at 03:00 p.m.The meeting is convened to consider and approve several critical corporate matters, including the financial results for the quarter and year ended March 31, 2026, and various compliance reports.Key Agenda Items The Board’s agenda is comprehensive, focusing on financial reviews, mandatory audits, and statutory approvals for the period ending March 31, 2026. The key items...

Persistent Systems Reports FY26 Revenue of $1,654.4 Million, Marking 17.4% Year-on-Year Growth Persistent Systems announced its audited financial results for the quarter and year ended March 31, 2026. The company reported substantial growth, achieving $1,654.4 million in revenue for the financial year 2025-26, reflecting a 17.4% year-on-year growth and an EBIT margin of 15.6%. The Board of Directors also recommended a final dividend of ₹40 per share for FY26.The consolidated financial results highlight significant performance across the year and the fourth quarter.Financial Performance Highlights The financial data reveals robust growth in both absolute terms and profitability margins over the fiscal year.Consolidated Financial...

Tax Demand Orders Received By 360 ONE WAM Limited and Subsidiary 360 ONE WAM LIMITED, along with its subsidiary 360 ONE PRIME LIMITED, has received tax assessment orders from the Joint Commissioner of Income tax (OSD) regarding the block period from April 1, 2018, to March 27, 2025. The orders, received on April 21, 2026, raise a tax demand under Section 158BC(1)(c) of the Income Tax Act, 1961.The tax demand applies to both the parent company and the subsidiary. The assessment orders have specified quantum of demand for both entities.The following table details the assessment specifics and financial implications for the two companies:Parameter360 ONE WAM LIMITED360 ONE PRIME LIMITEDIT AuthorityJoint Commissioner of Income tax...

Sensex, Nifty Surge for Third Day as US-Iran Geopolitical Talks Fuel Rally Mumbai, April 21: Indian equities extended their bullish momentum for a third straight session on Tuesday. The broader market was buoyant, driven by sustained buying interest and cautious optimism surrounding potential extensions of the US-Iran ceasefire during ongoing diplomatic talks.At the close, both major indices reflected strong buying sentiment. The Nifty concluded the day at 24,576.60, marking a gain of 0.87 per cent or 211.75 points. Similarly, the Sensex gained significantly, ending the intra-day session at 79,273.33, up 0.96 per cent or 753.03 points.Momentum Built by Key Heavyweight Stocks The consistent gains in the major indices were largely...

Dairy Supply Holds Firm: How India Kept Milk Prices Stable Amid West Asia Conflict Crisis New Delhi saw assurance Tuesday as the government confirmed that milk and dairy prices remain stable nationwide, with absolutely no interruption in supply despite ongoing tensions in West Asia. Officials stated that the dairy value chain has maintained robust operations, ensuring continued payments to farmers and consistent access to essential inputs.Puja Rustagi, Director in the Department of Animal Husbandry and Dairying, addressed stakeholders, noting that milk procurement and processing have remained uninterrupted. She confirmed that the stability is maintained even during the current West Asia crisis period.India, standing as the world's...

Debt Surges, IMF Sounds Alarm: Pakistan Trapped in Crisis Cycle Despite 20+ Bailouts In a sharp critique of its economic history, a new report indicates that Pakistan has entered over 20 programs with the International Monetary Fund (IMF) over the past 65 years. Despite this repeated cycle of bailouts and temporary stabilization, the nation remains trapped in a recurring economic crisis without achieving durable structural reforms.The alarming assessment highlights that perennial structural weaknesses persist, leading to mounting debt and continuous fiscal vulnerability. The situation is marked by the country's struggle to transition short-term stability into sustained, long-term economic recovery.Mounting Debt Burden and Structural...

Meghalaya Farmers Receive ₹62 Crore Boost: CM Launches Massive Campaign to Revive Agriculture Livelihoods The Department of Agriculture & Farmers’ Welfare, Directorate of Horticulture, Government of Meghalaya, organized an extensive Input Distribution Programme at SMELC, Tura, on Monday. The initiative was graced by Chief Minister Shri Conrad K. Sangma, who reiterated the government’s deep commitment to bolstering farmers’ earnings and ensuring sustainable rural growth.The Chief Minister underscored the critical importance of agriculture, noting that the sector remains the backbone of the State’s economy. He pointed out that over 70 percent of households are dependent on farming and allied activities, making every intervention vital...

Korean Giants Krafton and Naver Launch Rs 6,000 Crore Fund to Turbocharge India's Unicorn Economy South Korea's leading technology firms, Krafton and Naver Corporation, have announced a massive joint investment aimed at fueling India's rapidly growing tech sector. The companies launched a Rs 6,000 crore Unicorn Growth Fund, marking one of the largest India-focused capital pools raised by a major Asian technology platform.The new fund is designed specifically to support promising Indian technology companies. It will be managed and advised by Mirae Asset Venture Investments (MAVI), which serves as the Mirae Asset group's private investment platform.Strategic Focus on India's Digital Future The launch follows high-level discussions...

Harmony and Devotion: Tripura Celebrates Garia Puja with Massive Display of Unity Garia Puja continues to captivate the heart of Tripura, transforming communities across the state into a vibrant tapestry of devotion and cultural harmony. The festival's celebration on Tuesday marked a significant display of goodwill, drawing participation from both tribal and non-tribal communities.The festivities are reportedly spreading powerful messages of peace, welfare, and unity. Devotees from various backgrounds are actively participating in the rituals, underlining the deep-rooted communal spirit of the region.State-Level Grandeur at Garjantoli The main state-level arrangements for the puja are centered at Garjantoli in Teliamura. This key...

Rupee Slips Further to 93.48 Against Dollar Amid US-Iran Uncertainty and Crude Volatility The Indian rupee experienced a noticeable dip on Tuesday, settling at a provisional 93.48 against the US dollar. The depreciation was driven primarily by a stable American dollar and sustained volatility in crude oil prices, coupled with geopolitical uncertainties surrounding peace negotiations in West Asia.The local currency faced pressure despite positive movement in domestic equity markets. Currency experts also pointed to the recent regulatory adjustments made by the Reserve Bank of India (RBI) concerning speculative bets, which did not adequately buoy the rupee.Geopolitical Tensions Weaken Rupee Support Market analysts cited the continued...

SEBI Settles ICICI Prudential VC Scheme Violation: How Delay in Fund Wind-Up Costed Rs 14.35 Lakh ICICI Prudential Asset Management Company (AMC) and two associated entities have successfully concluded a regulatory matter with SEBI. The settlement addressed alleged violations concerning substantial delays in the winding up of a specific venture capital fund scheme. The total payment made to resolve the proceedings amounted to Rs 14.35 lakh.The matter highlights the stringent compliance environment governing asset management and fund structures in India. The entities, including ICICI Prudential Venture Capital Fund and ICICI Prudential Trust, approached SEBI via suo-motu settlement applications. They proposed settling the alleged...

Kajaria Ceramics Appoints Ipininder Singh as Group Chief Digital and Information Officer Kajaria Ceramics Limited has announced significant changes in its senior management structure, approving the appointment of Mr. Ipininder Singh as the Group Chief Digital and Information Officer (CDIO) of the company. The appointment is effective from April 23, 2026.Consequent to this organizational change, Mr. Atul Nigam, the company's VP (IT), will cease to be classified as Senior Management Personnel. However, Mr. Nigam will continue in his capacity as VP (IT) and will report to the newly appointed CDIO.New Digital Leadership Appointed The company’s Board of Directors approved the appointment of Mr. Ipininder Singh through a circular...

Garuda Construction and Engineering Limited Appoints Mrs. Dhruti Harsh Satia as Independent Director Garuda Construction and Engineering Limited announced on April 21, 2026, that its Board of Directors approved the appointment of Mrs. Dhruti Harsh Satia as a Non-Executive Independent Director. The appointment, made following the recommendations of the Nomination and Remuneration Committee, designates her as an Additional Director.Mrs. Dhruti Harsh Satia’s tenure as the Director is effective from April 21, 2026. She will hold the office until the date of the company's next General Meeting or until her appointment is regularized by the members, whichever occurs first.Director Profile and Qualifications The Board confirmed that Mrs...

National Aluminium Company Ltd to Hold Board Meeting for FY and Quarterly Financial Results National Aluminium Company Ltd (NALCO) announced that its Board of Directors will convene a meeting to consider the audited financial results for the fiscal year and the quarter ended March 31, 2026.The Board Meeting is scheduled for Thursday, April 30, 2026. During this meeting, the company will review the audited financial results, covering both standalone and consolidated figures for the period ending March 31, 2026.In addition to the corporate governance update, NALCO also provided an operational update regarding its trading window status. The company reported that the trading window was under closure, commencing from April 1, 2026, and...

Nestle India Surges 27% on Record Domestic Sales, Net Profit Jumps to Rs 1,110 Crore FMCG powerhouse Nestle India has reported robust Q4 financial results, fueled by stellar domestic sales performance. The company announced a significant 27.18 per cent jump in consolidated net profit for the March quarter of FY26.The strong quarterly performance saw net profit reach ₹ 1,110.9 crore. This figure marks a substantial increase compared to the ₹ 873.46 crore recorded in the year-ago period.Quarterly Profit and Revenue Boost The financial metrics confirm strong momentum across the board. Total income for the March quarter surged 22.73 per cent, clocking in at ₹ 6,766.24 crore. Revenue from the Sale of Products stood at ₹ 6,723.75 crore...

Persistent Systems Announces Final Dividend Recommendation and Releases Audited Financial Results for FY 2025-26 Persistent Systems Ltd. announced key outcomes from its Board of Directors meeting held on April 21, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a Final Dividend for the Financial Year 2025-26.The board meeting, which commenced at 0915 Hrs. (IST) and concluded at 1520 Hrs. (IST), took place on April 21, 2026.Final Dividend Recommendation The Board of Directors recommended a Final Dividend of INR 18 per Equity Share, which has a face value of INR 5 per share, for the Financial Year 2025-26. The disbursement of this dividend remains subject to the...

Authorities Intensify Sweeping Anti-Drug Operations Under 'Nasha Mukht J&K Abhiyan' In a concerted move to eradicate drug abuse, authorities in Jammu and Kashmir have significantly intensified anti-drug measures. These intensified actions are being executed under the ongoing and critical Nasha Mukht Jammu and Kashmir Abhiyan.The drive involves a highly coordinated effort between the police force and the civil administration. Officials confirm that various government departments are working in close synergy to curb the persistent drug menace and foster a safer society across the region.Coordinated Efforts to Tackle Drug Menace Senior Superintendent of Police (SSP) Srinagar, Sundeep Chakravarthy, confirmed that multiple strategic...

India Set for Rs 78,500 Crore Breakthrough: Unlocking Value from Textile Waste Crisis New Delhi: India possesses an enormous, untapped economic resource in its textile waste, capable of generating an estimated Rs 78,500 crore (nearly $9.4 billion) in annual value. This major finding comes from a joint report published by FICCI and the Resource Efficiency and Circular Economy Industry Coalition (RECEIC). The study highlights the urgent need to strengthen India's collection, sorting, and recycling infrastructure to monetize the massive waste stream.Magnitude of Untapped Value in Textiles The report established that India generates approximately 7.25 million tonnes of textile waste every year. However, a substantial portion of this...

Schroders Group Decreases Stake in Le Travenues Technology Following Acquisition The Schroders Group entities, acting as discretionary fund managers of funds and segregated mandates, have reduced their shareholding in Le Travenues Technology Limited. The divestment represents a decrease exceeding 2% of the last disclosed shareholding position. This reduction in stake occurred subsequent to an acquisition of shares that took place on April 17, 2026.IXIGO Stock Price Movement Today, shares of Le Travenues Technology Limited rallied, finishing the session at ₹183.65, marking a strong gain of 3.55%. The stock demonstrated significant interest today, trading on a total volume of 3.79 million shares.

Mahindra EPC Irrigation Reports Financial Results and Key Governance Updates Mahindra EPC Irrigation Ltd. announced significant corporate updates following its Board of Directors meeting on April 21, 2026. The company released its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, alongside details regarding director appointments, key management changes, and the upcoming Annual General Meeting (AGM).Financial Results and Capital Structure The company released the audited financial statements for the year ended March 31, 2026. The statutory auditors, B S R & Associates LLP, issued the audit reports with an unmodified opinion on the Annual Financial Results.For the financial year ended...