Markets

Alka India Ltd Withdraws Proposed Preferential Issue of Equity Shares Alka India Ltd has announced the withdrawal of its planned Preferential Issue of Equity Shares, following alternative considerations that necessitate a reassessment of the company's proposed fund-raising plans.The decision to withdraw the preferential allotment was made after shareholders had previously approved the issuance during an Annual General Meeting (AGM) held on Monday, March 23, 2026. At that meeting, shareholders approved the issue of equity shares to certain identified Promoter/Non-Promoter Group members through a combination of share swaps and the conversion of loans into equity.The company confirmed that the details of the intended preferential issue...

US-Iran Tensions Force Nifty, Sensex to Halt Gains Amid Volatile Energy Fears Indian equity markets ended flat on Tuesday, with the Nifty and Sensex struggling to maintain momentum. Benchmark indices gave up most of their intra-day gains, citing rising geopolitical uncertainty in West Asia. This muted close signals the ongoing influence of global tensions on domestic market risk appetite.Market Indexes End on Subdued Notes The Nifty index closed marginally higher by 11.30 points, or 0.05 per cent, settling at 24,364.85. The Sensex followed suit, inching up 27 points, or 0.03 per cent, to close at 78,520.30.While both indices managed to trade in positive territory for much of the session, momentum faded sharply toward the close. The...

PH Capital Ltd Board to Meet on April 23 to Approve Audited Q4 and FY 2026 Results PH Capital Ltd announced that its Board of Directors is scheduled to hold a meeting on Thursday, April 23, 2026. The meeting is slated to consider and approve the audited financial results for the fourth quarter and the financial year ended March 31, 2026.During the board session, the company will also take note of the Audit Report for the fourth quarter and financial year ended March 31, 2026. The statutory audit report has been issued by S.P. Jain and Associates, Chartered Accountants.The company also confirmed the status of its trading operations. The trading window for PH Capital Ltd remains closed from April 01, 2026, continuing until the expiry...

Prima Plastics Ltd Announces Chief Marketing Officer’s Transfer to Prima Innovation Limited Prima Plastics Ltd has announced a change in its senior management personnel. Mr. Paras Bhaskar Parekh, the company’s Chief Marketing Officer, has ceased his services at Prima Plastics Ltd, effective April 20, 2026.The cessation is due to his transfer to Prima Innovation Limited, following a Scheme of Arrangement. Mr. Parekh will continue his service in the capacity of Chief Marketing Officer with Prima Innovation Limited.Key Personnel Change Details The key details regarding this transition confirm that Mr. Paras B. Parekh stepped down from his role as Chief Marketing Officer at Prima Plastics Ltd on April 20, 2026, due to his transfer to...

Magson Retail and Distribution Limited Expands Retail Footprint with New Goa Store Magson Retail and Distribution Limited, formerly MagSon Retail & Distribution Private Limited, has announced a strategic expansion of its retail presence. The company has successfully opened a new store location in Fatorda, Goa.The new outlet became operational on April 19, 2026. The detailed address for the newly opened store is: GF Wing-A Status Residency Padre Pedro Ferrao Road, Boleband, Fatorda -403602 Goa, India.With the addition of the Fatorda store, Magson Retail and Distribution Limited has increased its total store network. The company now operates 41 stores across more than 10 cities spanning 3 states, underscoring its expanding national...

Sensex, Nifty Edge Sideways as Geopolitical Tensions and Crude Oil Surge Reignite Caution Benchmark indices Sensex and Nifty settled in a volatile session on Monday, remaining nearly flat amid mounting geopolitical headwinds. Investors adopted a cautious stance, largely influenced by sharp rebounds in global crude oil prices and rising tensions in the Middle East.Sensex and Nifty Close Near Flat Amid Investor Caution The day's trading saw the 30-share BSE Sensex close marginally up 26.76 points, marking a gain of 0.03 per cent, settling at 78,520.30. Throughout the session, the index displayed significant volatility, gyrating by 739.15 points, between a low of 78,203.30 and a high of 78,942.45.Similarly, the 50-share NSE Nifty edged...

States Prioritize Infra Spending Despite Tightening Fiscal Squeeze: New Report Reveals Capex Trajectory New Delhi: Indian states are set to maintain a steadfast focus on public infrastructure investment, even as they face increasingly constrained fiscal resources. A report released by CareEdge Ratings suggests that while capital expenditure (capex) remains a core state priority, its growth momentum is expected to moderate.The ratings agency projects that capital expenditure growth will settle around 8–10 per cent in FY27. This level of investment would translate to approximately 2.3 per cent to 2.4 per cent of the Gross State Domestic Product (GSDP), supported in part by interest-free loans from the Centre.Fiscal Headroom and...

Rupee Plunges Amid US-Iran Tensions as Hormuz Standoff Hits Global Markets The Indian Rupee pared its recent gains, settling with a loss of 19 paise at 93.10 (provisional) against the US dollar on Monday. The slide was driven by fresh geopolitical tensions in West Asia, which significantly increased global demand for the American dollar.Forex traders noted that the local currency remained under pressure following the standoff between the US and Iran. This incident created concerns over the potential closure of the critical Strait of Hormuz, thereby disrupting global supply chains.Rupee Takes Hit From Geopolitical Fallout At the interbank foreign exchange market, the rupee displayed significant intraday volatility. It opened at 92.73...

Meesho Shares Allot 94.79 Lakh Equity Shares to Boost Employee Ownership Under ESOP E-commerce giant Meesho has significantly bolstered its internal capital structure by allotting over 94.79 lakh equity shares to its eligible workforce. The corporate action, formalized through an Employee Stock Ownership Plan (ESOP), aims to deepen employee commitment and align incentives with the company's growth trajectory.The Bengaluru-headquartered company confirmed the allotment following a resolution passed by the Nomination and Remuneration Committee of the Board of Directors. This strategic move emphasizes the role of employee participation in fueling sustainable e-commerce expansion.Details of Meesho's ESOP Allotment to Employees According...

Minister Orders Fast-Track Implementation of Forest Rights Act in J&K to Benefit Tribal Communities During a critical review meeting at the Civil Secretariat in Jammu on April 20, Minister Javed Ahmed Rana issued sweeping directives aimed at overhauling the implementation of the Forest Rights Act 2006. The focus is on drastically fast-tracking and streamlining the process across Jammu and Kashmir.Rana emphasized the urgent need for quicker recognition of forest rights for local communities. He mandated the immediate operationalization of district-level FRA cells. These cells must be responsible for managing claims, handling coordination, and overseeing all necessary record management tasks.Mandating Inter-Departmental Coordination...

Coal-Bed Methane Boom: Reliance and Essar Surge as India Bets on Domestic Gas Reserves Reliance Industries Ltd and Essar Group have emerged as the dominant bidders in the race for coal-bed methane (CBM) blocks. These two major conglomerates secured top positions across the 16 coal-bed methane blocks offered in consecutive bidding rounds, according to the Directorate General of Hydrocarbons (DGH).The process involved two critical stages: the Special CBM Bid Round 2025 (for three areas) and the 2026 bidding round (for another 13 blocks). The successful bids for both rounds closed on March 5.While state-owned Oil India Ltd bid for three blocks, India's largest oil and gas producer, ONGC, did not participate in this cycle of bidding...

Bank of Maharashtra Board Recommends Final Dividend of Rs. 1.20 Per Share The Bank of Maharashtra announced on April 20, 2026, that its Board of Directors recommended a Final Dividend for the financial year 2025-26. The dividend declaration was made during the Board meeting held on the same day.The Board recommended a Final Dividend equivalent to 12% on the bank’s equity shares, amounting to Rs. 1.20 per share. The face value of the equity shares is Rs. 10 each.This final dividend, which is expected to be approved by the shareholders in the Annual General Meeting (AGM), will be disbursed in addition to the interim dividend that was previously declared.The bank detailed the dividend structure for the financial year:Dividend...

Subex Ltd Set to Announce Q4 FY26 Results on May 12; Earnings Call Scheduled for May 13 Subex Ltd., a prominent telecom analytics solution provider, has scheduled the announcement of its Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026. The company confirmed that the results will be released on Tuesday, May 12, 2026.Following the results declaration, Subex Ltd. will host an earnings conference call on Wednesday, May 13, 2026, to discuss the company's performance for the quarter.Financial Announcement Timeline The company provided a clear schedule for investors regarding the key dates:EventDateTime (IST)Financial Results AnnouncementTuesday, May 12, 2026N/AEarnings...

Baazar Style Retail to Meet Goldman Sachs on Q3 and 9M FY26 Baazar Style Retail Ltd, the company formerly known as Baazar Style Retail Pvt. Ltd., announced an upcoming meeting with Goldman Sachs to discuss its performance for Q3 and the cumulative nine months of the fiscal year 2026.The investor meeting is scheduled to take place virtually on April 24, 2026, from 3:00 PM to 4:00 PM.The investor presentation for Q3 and 9MFY26 is already in the public domain and can be accessed on the company's and the stock exchanges' websites.The company stated that discussions during the meeting will be based on publicly available information, ensuring that no unpublished price sensitive information (UPSI) is discussed.The details of the...

E2E Networks Announces Stock Split and Q4 Fiscal Year Results E2E Networks Limited announced key corporate developments and released its audited financial results for the quarter and full year ended March 31, 2026. At a Board meeting held on April 20, 2026, the company approved the audited financial results and passed a resolution to sub-divide its equity shares.The Board of Directors considered and approved the audited financial results for the quarter and financial year ending March 31, 2026. The company also approved a proposal to sub-divide each existing Equity Share of Rs.10/- each into 10 Equity Shares of Rs.1/- each. The Board further approved the Notice of Postal Ballot seeking shareholder approval for this sub-division/stock...

Postal Department Revenue Surges 16% as Stellar Parcel Growth Fuels Transformation New Delhi, Apr 20: The Department of Posts has announced a "historic" revenue year, clocking in Rs 15,296 crore for the fiscal year 2025-26. Communications Minister Jyotiraditya Scindia confirmed the 16 per cent year-on-year growth, signalling a major transformation in the postal network's operational efficiency.Minister Scindia stated that the performance underlines the shift of the department towards being a highly service-driven organization. He highlighted that the focus on deepening service reach and acquiring new customers was key to achieving this significant topline growth.Record Revenue and Stellar Growth in Key Postal Verticals The robust...

Thomas Cook India and SOTC Travel Launch Unique Visa Rejection Cover for Travelers Thomas Cook (India) Limited and its group company, SOTC Travel, have introduced a unique and pioneering insurance solution, the Trip cancellation due to Visa Rejection Cover. The initiative aims to provide financial protection to travelers against non-recoverable losses stemming from visa rejections, positioning the companies as leaders in the Indian travel and travel insurance sector.The launch addresses a critical, long-standing customer concern: potential non-refundable losses when a visa application is denied. The specialized insurance product is underwritten by ICICI Lombard.Under the terms of this cover, if a customer's visa application...

J&K Home Dept Accelerates Digital Overhaul: PFMS e-Bill Training Boosts Financial Efficiency A major push toward digital governance was initiated in Srinagar this week. The Home Department, Jammu and Kashmir, inaugurated a specialized training program focused on the e-Bill module of the Public Financial Management System (PFMS).This critical training aims to elevate the standards of digital financial management among departmental officers. The session, held on Monday, equips employees with the necessary tools for a modernized administrative workflow.Enhancing Transparency through PFMS Implementation The training programme was formally inaugurated by Shakeel Maqbool, the Controller of Accounts for the J&K Home Department. Addressing...

Signature Green Corporation Ltd to Hold Board Meeting to Approve Merger with Arvind Foods Limited Signature Green Corporation Limited, formerly known as Sagar Soya Products Limited, has scheduled a Board of Directors meeting for Friday, April 24, 2026. The primary focus of the meeting is to consider and approve the draft Scheme of Merger by Absorption or Scheme of Amalgamation.The proposed merger involves Arvind Foods Limited, which is a wholly owned subsidiary of the Corporation. The scheme aims to amalgamate the companies with the participation of the respective shareholders and creditors. The transaction is structured under Sections 230 to 232 of the Companies Act, 2013.The Board meeting is slated to take place at the registered...

Bank of Maharashtra Surges Profit 35% on Interest Income Growth; Investors Eye CAR Dip State-owned Bank of Maharashtra reported a substantial net profit surge of 35 per cent for the quarter ending March 2026. The Pune-headquartered bank announced a net profit of Rs 2,014 crore for the January-March quarter, significantly higher than the Rs 1,493 crore recorded in the corresponding period last year.The filing indicated strong growth across the bank’s core revenue streams, demonstrating both operational expansion and improved efficiency metrics. Market analysts are focusing closely on the divergence between the robust profit growth and the reported decline in the Capital Adequacy Ratio (CAR).Robust Profit Growth and Income Drivers The...