Markets

Cheviot Company Ltd. Receives Reaffirmation of Bank Loan Rating from Crisil Ratings Cheviot Company Ltd. has announced the reaffirmation of its bank loan rating by Crisil Ratings Limited. The rating confirms the company's standing across its primary debt facilities as of April 21, 2026.As part of its annual rating surveillance exercise, Crisil Ratings Limited reaffirmed the Long-Term Rating as Crisil A+/Stable and the Short-Term Rating as Crisil A1+ on the bank loan facilities provided to Cheviot Company Ltd. The rating letter issued remains valid until March 31, 2027.The rating covers a total of Rs. 34 Crore in bank loan facilities. The facilities are categorized and rated as follows:Bank FacilityBankAmount (Rs. in...

Indian Banks’ Credit Surges 16.1% as Retail and MSME Lending Outpaces Deposits New Delhi, April 21: Bank lending in India recorded substantial growth during the fortnight ending March 31. According to a report released by CareEdge ratings on Tuesday, bank credit reached Rs 213.6 lakh crore. This figure represents a significant annual growth of 16.1 per cent, marking a jump from the 11 per cent growth recorded in the same period the previous year.The report highlighted that credit expansion continues to lead deposit accretion, widening the credit-deposit differential. This trend indicates that banks are actively extending credit despite deposit growth rates.Credit Growth Outpaces Deposit Accretion Total bank credit expanded by Rs 6...

HPCL Rajasthan Refinery Fire: How the Giant Unit Confirms No Material Operational Impact Despite Setback Incident Overview: Fire Confined to Rajasthan Refinery Unit Hindustan Petroleum Corporation Limited (HPCL) has confirmed that a major fire broke out at its Rajasthan refinery, but the incident is not expected to have any material financial or operational impact. The blaze occurred on April 20 in the Crude Distillation Unit (CDU) section of the facility.According to a stock exchange filing, the fire was preliminarily attributed to a hydrocarbon leak originating from a valve or flange within a heat exchanger circuit. The flames were swiftly contained by the site's emergency response team, with support from local administration...

Adani Group Accelerates Nuclear Push: New Atomic Subsidiaries Set to Reshape India's Energy Landscape Adani Power Limited has significantly bolstered its foothold in the nuclear energy sector, announcing the incorporation of new, step-down subsidiaries. These developments underscore the Adani Group’s escalating commitment to India's clean energy transition roadmap. The strategic moves position the conglomerate directly into the generation, transmission, and distribution segments of atomic power.The news comes as the country plans an ambitious scale-up of its nuclear capacity. These back-to-back incorporations signal a concentrated effort to capitalize on India’s long-term energy security and sustainable development goals...

Transrail Lighting Limited Boosts Tower Manufacturing Capacity to 1,72,400 MTPA Transrail Lighting Limited has announced a significant enhancement to its tower manufacturing capacity through major expansions across its operational facilities. The company confirmed that its total installed capacity has increased substantially, citing the completion of greenfield projects and the partial completion of brownfield expansions.The capacity enhancement was driven by multiple project milestones. The greenfield expansion at the tower manufacturing plant located at Butibori has been completed, and commercial production has successfully started at the site.In addition to the new facility, the brownfield expansion initiatives at the tower...

Resolven Seals 180-MW Wind Pact with SECI, Pushing Towards 10 GWp Renewable Ambition Clean energy producer Resolven has secured a significant boost to its renewable portfolio, announcing a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The deal involves supplying electricity from an upcoming 180-MW wind energy project.The pact solidifies Resolven's commitment to enhancing its capacity in the clean energy sector. The project, which is being developed by Resolven’s subsidiary, Ganeko Three Energy Private Limited, marks a major step in the company’s multi-technology vision.Strategic Mega-PPA Fuels Resolven's Growth Trajectory Resolven announced that the agreement with SECI has been formalized at a...

APL Apollo Tubes Ltd Issues Commercial Paper of Rs 200 Crore APL Apollo Tubes Ltd has announced the issuance of Commercial Paper (CP) totaling Rs 200 Crore. The security issuance was allotted on 21/04/2026 and is scheduled to mature on 15/06/2026.The Commercial Paper was issued in favor of UTI-LIQUID FUND. The details of the security are as follows:Description of the SecurityCommercial PaperTotal AmountRs. 200 CroreISININE702C14CX0Allotment Date21/04/2026Maturity Date15/06/2026Rate6.12%Tenure of the security (in days)55 DaysIssued in favour ofUTI-LIQUID FUNDCredit Ratings[ICRA] A1+APL Apollo Tubes Ltd confirmed that the Commercial Paper will be listed on BSE Limited.APLAPOLLO Stock Price Movement As...

GEM Enviro Management Partners with Rudrabhishek to Form Joint Venture for Eco-Sustainability Solutions GEM Enviro Management Limited has formed a new Joint Venture (JV) company, GEM ECOMIND LIMITED, to focus on providing technical and technological solutions across the sectors of recycling, waste management, sustainability, and ecosystem conservation. The JV was established through collaboration between GEM Enviro Management Limited and Rudrabhishek Infosystem Private Limited.The incorporation of GEM ECOMIND LIMITED, bearing CIN U58201DC2026PLC470201, was successfully completed, with the certificate of incorporation received on April 20, 2026. The venture aims to enhance solutions in sustainability areas through specialized technical...

Parin Enterprises Limited to Migrate from SME Platform to NSE Main Board Parin Enterprises Limited (Formerly known as Parin Furniture Limited) announced that its Board of Directors held a meeting on Tuesday, April 21, 2026. During the meeting, the board approved a significant proposal for the migration of the company's equity shares from the NSE SME Platform to the main board of the National Stock Exchange (NSE).The board confirmed the approval of the draft Postal Ballot Notice and the associated Explanatory Statement. The proposed migration of the Company's Equity Shares to the NSE Main Board is subject to the requisite approval of the shareholders and other necessary regulatory clearances.Key Operational Approvals The Board of...

Poddar Pigments' Bank Facilities Receive Ratings Reaffirmation from CRISIL Poddar Pigments Limited announced that CRISIL Ratings has reviewed the ratings on the company's bank facilities. The ratings reaffirmation provides clarity on the financial standing of the company's debt profile.The total bank loan facilities reviewed by CRISIL Ratings amount to Rs. 38.15 Crore. The detailed ratings are as follows:Facility TypeRatingStatusLong Term RatingCRISIL A/StableReaffirmedShort Term RatingCRISIL A1ReaffirmedThe ratings were communicated to the company on 21 st April, 2026, and are valid until 31 st March, 2027.PODDARMENT Stock Price Movement Shares of Poddar Pigments Limited are edging higher to ₹258 as of 2:29 PM today...

Panth Infinity Ltd. Board Meeting Scheduled for April 28, 2026, to Approve Audited Financial Results Panth Infinity Ltd. has announced that its Board of Directors will convene a meeting on Tuesday, April 28, 2026. The primary focus of the meeting is the review and approval of the company's annual financial performance.The Board Meeting is scheduled to transact, with or without modifications, key business matters for the company.The agenda includes:1. Consideration and approval of the Standalone and Consolidated audited Financial Results of the company for the period ending March 31, 2026. 2. Discussion of any other business matter, subject to the permission of the Chair.Stock Price Movement At 14:23, Panth Infinity Ltd shares...

Nestlé India Reports Strong Double-Digit Growth and Commits ₹5.00 Final Dividend for FY 2025-26 Nestlé India Limited announced the financial results for the fourth quarter and the full financial year ending March 31, 2026, citing strong double-digit volume growth and recording its highest-ever domestic sales. The Board of Directors also recommended a final dividend of ₹5.00 per equity share for the financial year 2025-26.Commenting on the annual performance, the company reported that its standalone total sales for the year reached INR 23,071.5 crore, with the domestic sales segment recording INR 6,445 crore in the final quarter. The robust growth was attributed to double-digit volume increases, supported by increased advertising...

Global Fuel Prices Surge Amid West Asia Tensions; India Shields Consumers with Stable Prices Even as geopolitical tensions escalate and Brent crude oil prices rise following concerns over the closure of the Strait of Hormuz, fuel prices remain remarkably stable for consumers in India. This stark contrast is visible when comparing the zero increase in Indian retail prices against massive surges witnessed across global markets, including the US, UAE, and Australia.The raw data reveals a sharp divergence in consumer spending power, highlighting the degree of price stabilization achieved within India despite volatile international commodity markets.Global Fuel Prices See Massive Jumps Amid Crude Oil Volatility International energy...

Atomgrid Targets Global 'China-plus-one' Shift With Massive R&D Expansion in Bengaluru Atomgrid, a full-stack speciality chemicals platform, has strategically inaugurated a new research and development centre in Bengaluru. The move positions the company to capitalize on the growing global trend seeking alternative supply chains outside of China. This facility marks a major commitment to strengthening India's role in the international chemicals market.Tapping the 'China-plus-one' Chemical Opportunity The launch of the Bengaluru R&D centre is a direct response to global customers actively diversifying their supply base. Global demand is accelerating for alternative sourcing strategies, often termed the 'China-plus-one' shift.According...

Bengaluru Logistics Revolution: FedEx Drones Slash 60-Minute Commute to 21 Minutes in Landmark Trial Express transportation firm Federal Express Corporation (FedEx) has successfully completed India's first intra-city drone delivery flight trials in Bengaluru. The pioneering effort marks a major breakthrough for time-critical logistics and supply chain management within urban environments.The trials were conducted on Tuesday in collaboration with IIT-Madras, utilizing the advanced research framework of the FedEx SMART Centre. This development showcases significant potential for integrating unmanned aerial vehicles into India’s complex urban infrastructure.Drone Trials Set New Standard for Urban Logistics Speed The team at IIT-Madras...

FedEx Unleashes Drones: India's First Intra-City Flight Slashes Commute Time to 21 Minutes Federal Express Corporation (FedEx) has marked a massive milestone for Indian logistics by completing the country's first intra-city drone delivery flight trials in Bengaluru. The breakthrough utilizes advanced aerial technology to dramatically reshape time-critical supply chain operations.The trials were conducted in collaboration with the Indian Institute of Technology (IIT-Madras) under the framework of the FedEx SMART Centre. This strategic partnership positions the company at the forefront of India's emerging drone economy.Drone Technology Revolutionizes Bengaluru Logistics The core finding demonstrated a revolutionary improvement in...

Korean Tech Giants Unleash $476.4 Million AI Boost in India: Massive Investment Targets Digital Transformation Seoul/New Delhi: A wave of massive foreign investment hit the Indian technology sector this week. Leading South Korean conglomerates Naver, Krafton, and Mirae Asset Group have collaboratively launched a substantial AI-focused investment fund in India. The venture aims to significantly bolster the Artificial Intelligence (AI), fintech, and content sectors across the subcontinent.The newly formed Unicorn Growth Fund (UGF) boasts an initial investment capacity of 700 billion-won, translating to $476.4 million. The announcement was made in New Delhi, where the founding companies co-hosted an event introducing the fund to Indian...

Gujarat Sets Sights on $3.5 Trillion Economy by 2047, Cementing Status as Semiconductor Powerhouse Ahmedabad, April 21, 2026: The Gujarat economy is positioning itself as a global industrial powerhouse, aiming to achieve a $3.5 trillion economy by 2047 under the ambitious 'Viksit Gujarat @ 2047' roadmap. Chief Minister Bhupender Patel, addressing the Federation of Indian Chambers of Commerce & Industry (FICCI) National Executive Committee meeting, highlighted how the state is capitalizing on national initiatives like Digital India, Make in India, and Startup India.The address, held at the 100th-year celebration of FICCI in Ahmedabad, emphasized Gujarat's role in realizing the 'Developed India' vision. CM Patel noted that the state's...

CleanMax to Power Major Shell Facilities with 30 GW Clean Energy Pipeline, Bolstering Industrial Supply CleanMax Enviro Energy Ltd (CleanMax) is set to play a pivotal role in the clean energy transition, confirming it will supply substantial renewable power to Shell's critical facilities in Gujarat and Karnataka. The supply will be sourced from CleanMax's ambitious upcoming hybrid renewable energy projects, which represent a significant clean power commitment.The strategic partnerships underscore the growing demand for sustainable energy in India's core industrial sectors. CleanMax's deployments are focused on enhancing supply stability and improving operational resilience for major global energy players.Boosting Energy Security in...

NDL Ventures Limited Board Approves Financial Results, Recommends 5% Dividend NDL Ventures Limited announced that its Board of Directors held a meeting on April 21, 2026. During the meeting, the Board approved the audited financial results for the quarter and the full financial year ended March 31, 2026, following the recommendation of the Audit Committee.The Board also recommended a final dividend of Re. 0.50 per share, which represents 5% of the face value of the share for the financial year ended March 31, 2026. This dividend remains subject to approval by the Shareholders at the ensuing Annual General Meeting.Financial Performance Highlights The company released its audited financial results, detailing the performance for the...