Markets

NZ-India Mega Trade Pact Clears Hurdles, Poised to Surge Exporters into Global Markets Landmark India-New Zealand FTA Set to Transform Trade Landscape The much-anticipated India-New Zealand Free Trade Agreement (FTA) is set for signing in New Delhi on April 27. This milestone follows the successful completion of all legal verification processes, according to Trade and Investment Minister Todd McClay.In a statement delivered on Monday, McClay emphasized that this agreement is a monumental, once-in-a-generation opportunity for New Zealand. He highlighted that the pact offers exporters unprecedented access to a market of 1.4 billion people.The Minister noted that India is rapidly positioning itself as a global economic powerhouse, an...

MSMEs Surge Amid Global Headwinds: Policy Support Crucial for Sustaining India's Manufacturing Leap The Indian Micro, Small, and Medium Enterprises (MSME) sector continues to demonstrate notable resilience, even as global economic headwinds challenge established growth patterns. However, according to the PHD Chamber of Commerce and Industry (PHDCCI), sustaining this vital momentum demands both timely policy interventions and a stable international environment.The PHDCCI’s release of the fourth round of the SME Market Sentiment Index (SMESI) provides a detailed snapshot. This index captures the performance of the manufacturing MSME sector for the January–March 2026 period and offers crucial insights into the upcoming quarter's outlook...

String Metaverse Ltd Announces Sub-Division of Equity Shares, Issues New ISIN String Metaverse Ltd, formerly known as Bio Green Papers Limited, has confirmed the sub-division of its equity shares, resulting in the allocation of a new ISIN number for its stock. The company announced the details concerning the split of its equity shares, effective for trading beginning April 24, 2026.The corporate action details the sub-division of the company’s equity shares from a face value of ₹10/- (Rupees Ten only) each to ₹1/- (Rupee One only) each.The new ISIN number assigned to the sub-divided equity shares is INE958L01034. This new number is specifically designated for the Equity Shares of Re.1/- each of the Company.The key details of the...

Meesho Ltd Approves Allotment of Shares Through Employee Stock Option Plan Meesho Limited announced that its Nomination and Remuneration Committee of the Board of Directors approved the allotment of equity shares to eligible employees. The allotment, which was approved by a circular resolution on April 20, 2026, utilizes vested options under the company's ESOP 2024 Plan.The Committee approved the allotment of 94,79,380 equity shares, each having a face value of Re. 1. These shares shall rank pari-passu with all existing equity shares of the Company in every respect.The capital structure of Meesho Limited is set to undergo a change following the share allotment. The issuance of these new shares increases the company's paid-up equity...

PNGS Reva Diamond Jewellery Reports Robust Sales Performance on Akshaya Tritiya 2026 PNGS Reva Diamond Jewellery Ltd reported strong sales figures for the auspicious occasion of Akshaya Tritiya on April 19, 2026, marking a significant start to the Financial Year 2026-27. The strong performance reflects sustained growth momentum across key consumer occasions.The company noted that this momentum follows previously reported milestones, including year-on-year (YoY) growth observed during the Gudhi Padwa sales on March 23, 2026, and 96.9% YoY revenue growth recorded in Q4 FY26 on April 6, 2026.Akshaya Tritiya Revenue Figures On Akshaya Tritiya, the company recorded a substantial revenue of ₹127.27 Millions for FY 2026-27. This compares...

Spectrum Talent Management Completes Acquisition of 100% Stake in US-Based APT Companies, LLC Spectrum Talent Management Limited announced the successful completion of its acquisition of a 100% equity stake in APT Companies, LLC, an Alabama-based IT solutions and staffing firm operating in the United States. The transaction solidifies the company's presence in the U.S. IT staffing market and strengthens its global operational footprint.The acquisition followed a Share Purchase Agreement (SPA) executed on March 13, 2026. Spectrum Talent Management Limited confirmed that the takeover was successfully completed on April 19, 2026. Upon completion, APT Companies, LLC became a Wholly Owned Subsidiary of STM Global Limited, ADGM, Abu Dhabi...

Artha Venture Fund II Leads Rs 4 Crore Mega Fundraise: Personal Care Brand Clarity Labs Targets Omnichannel Expansion Personal care brand Clarity Labs has successfully raised Rs 4 crore in a seed funding round. The capital injection was led by Artha Venture Fund II, with participation from several angel investors. This fresh funding marks a major milestone for the Delhi-headquartered company as it plans an aggressive expansion phase.Clarity Labs Secures Rs 4 Crore Seed Funding in Strategic Round The funding round validates the growing market potential within India’s personal care sector. Artha Venture Fund II's leadership provides the brand with significant financial backing. The investment is set to turbocharge the company's...

India-South Korea Revive CEPA Talks, Boosting Green Energy and Digital Trade Cooperation India and South Korea signaled a major boost to their bilateral economic ties, discussing the revival and upgrade of their Comprehensive Economic Partnership Agreement (CEPA). Union Commerce Minister Piyush Goyal confirmed that the talks focused on deepening cooperation across industrial sectors, green energy, and digital trade.Goyal shared details of his meeting with South Korea’s Trade Minister Yeo Han-koo on the social media platform X. The discussions centered on re-energizing the negotiations for upgrading the India-Korea CEPA.Focus on CEPA Upgrade and Strategic Sectors The two ministerial delegations explored avenues to enhance...

Escorts Kubota to Host Q4 FY26 Earnings Conference Call on May 7 Escorts Kubota Ltd has announced a conference call with investors and analysts to discuss the company's earnings performance for the quarter and the financial year ended March 31, 2026. The call is scheduled for Thursday, May 7, 2026.The earnings performance conference call is organized with industry support from PhillipCapital (India) Private Limited.During the session, management will address key aspects of the company's financial results.Key Participants and Focus Areas The conference call features several senior executives from the company, including:Mr. Bharat Madan, Whole Time Director & Chief Financial Officer Mr. Neeraj Mehra, Chief Officer - Tractor...

United Breweries Ltd. Announces Resignation of Chief Sales Officer and Director - Sales United Breweries Ltd. has confirmed the resignation of Mr. Rakesh Kumar from its senior management. Mr. Kumar, who served as Chief Sales Officer and held the designation of Director - Sales, tendered his resignation to pursue opportunities outside the company.Mr. Rakesh Kumar's resignation is effective from the close of business hours on April 30, 2026.The company acknowledged Mr. Kumar's valuable contributions during his tenure and wished him success in his future endeavors.The details surrounding the change in management are as follows:Sl. No.ParticularsDescription1Reason for changeResignation2Date of cessationWith effect from the...

India Unveils Massive Strategy to Decouple From Oil Imports with Push for Flex Fuel Vehicles The Indian government is significantly accelerating its push towards Flex Fuel Vehicles (FFVs) and maximizing ethanol blending across the transport sector. This strategic overhaul comes amid profound global disruptions to the oil market, compelling New Delhi to enhance its energy security through domestic alternatives.The move marks a critical juncture in India's energy transition. Officials are seeking to deepen ethanol usage to drastically reduce the nation's vulnerability to international crude oil price shocks.High-Level Talks Charting the Future of Ethanol Blending The Ministry of Petroleum and Natural Gas (MoPNG) is scheduled to...

Infrastructure to Power India's Growth Surge: President Stresses Role in Economic Transformation In a significant address emphasizing foundational economic development, President Droupadi Murmu highlighted how robust infrastructure forms the bedrock of modern, successful nations. The remarks underscored that national progress is intrinsically tied to efficient physical and logistical networks.During the interaction with the Probationary Officers of the Indian Railways and Assistant Executive Engineers of the Central Engineering Service (Roads) at Rashtrapati Bhavan, the President outlined the transformative power of well-built infrastructure. She emphasized that robust systems are key drivers that enhance overall productivity and...

India Tackles Poverty: Nearly 10,000 Rehabilitated as SMILE Scheme Aims for 'Beggary-Free' India New Delhi, April 20. The Indian government has reported significant strides in its social welfare mission, detailing the rehabilitation efforts under the SMILE (Support for Marginalized Individuals for Livelihood and Enterprise) program. Authorities revealed that as many as 31,055 individuals have been identified, with 9,935 of them successfully rehabilitated through the beggary sub-scheme.The initiative represents a comprehensive push toward achieving the objective of a Bhiksha Vritti Mukt Bharat, or Begging-Free India. The sub-scheme focuses on systematic rehabilitation measures, moving beyond temporary relief to ensure long-term...

Bondada Engineering Secures Multiple Infrastructure Orders Totaling ₹3.94 Crores Bondada Engineering Limited has secured multiple orders across diverse sectors, totaling ₹3.94 Crores. These new contracts strengthen the company's order book, reflecting its capabilities in telecom infrastructure, railway safety systems, and energy-efficient lighting solutions, thereby reinforcing its diversified business model.The newly secured contracts highlight the company's strong execution capabilities across mission-critical telecom infrastructure and broader environmental solutions, positioning it favorably in government and institutional projects.Specific project wins include a significant contract with the Indian Institute of Technology...

AI Investment Surge: Firms Spend Four Times More on Data Governance Amid 39% Confidence in Returns Technology companies are significantly increasing spending on foundational AI capabilities, even as a majority of leaders remain cautious about realizing immediate financial returns. A recent report indicates that leading firms are investing up to four times more in critical areas like data quality, governance, and specialized AI-ready talent. This focus signals a strategic pivot, recognizing that robust underlying infrastructure is crucial for successful AI deployment.According to the report by Gartner, higher investments in these foundational areas are playing a pivotal role in driving AI success across large enterprises. These efforts...

Deepening India-Sri Lanka Bonds: VP Radhakrishnan Visits Nuwara Eliya Amid Welfare Focus Vice President C. P. Radhakrishnan continued his two-day official visit to Sri Lanka, arriving in Nuwara Eliya where he received a grand traditional welcome. The visit underscores the profound and deepening people-to-people ties between India and Sri Lanka. During his time there, the Vice President focused on key initiatives aimed at community welfare and historical linkage.Monitoring Welfare and Community Development Efforts A significant part of the Vice President's itinerary involved touring houses constructed under the Indian Housing Project. This flagship initiative is specifically designed to improve the living conditions for the...

Rajasthan Breakthrough: India's First Integrated Refinery-Petrochem Complex Unveiled, Set to Turbocharge Energy Security Prime Minister Narendra Modi is set to inaugurate a massive industrial landmark this Tuesday in Rajasthan. The visit marks the dedication of India's first greenfield integrated refinery-cum-petrochemical complex in Pachpadra, Balotra. This major facility is heralded as a game-changer for India's energy and petrochemical landscape.This landmark project carries an substantial investment exceeding Rs 79,450 crore. Its dedication by the Prime Minister is expected to generate significant momentum across multiple sectors.Scope and Scale of the Green Energy Project The new complex is designed to be state-of-the-art and...

Ashika Credit Capital Securities Admitted to Dealings on National Stock Exchange Ashika Credit Capital Ltd's securities have been permitted to trade and admitted to dealings on the National Stock Exchange (NSE) in the Capital Market segment. The admission commenced with effect from April 20, 2026.The company's securities are now available for trading and dealings on the National Stock Exchange. The designated symbol for Ashika Credit Capital Ltd on the NSE platform is ASHIKA.ASHIKA Stock Price Movement As of 1:29 PM, shares of Ashika Credit Capital Limited are rallying strongly, climbing ₹33.20 or 9.38% to trade at ₹387. The stock saw robust activity in the live market, trading on a substantial volume of 98,694 shares.Source:

Rajesh Power Services Ltd to Hold Earnings Conference Call for H2FY26 Results Rajesh Power Services Ltd, a specialized Engineering, Procurement & Construction (EPC) company in the Power Transmission & Distribution Sector, announced that its Senior Management Team will host an Earnings Conference Call. The call is scheduled for Thursday, April 23, 2026, at 5:00 p.m. IST.The event is designed to discuss the financial and operational performance of the company for the half financial year (H2FY26) and the full financial year ended March 31, 2026.Rajesh Power Services Ltd maintains its position in the core power sector by offering services across various verticals. The company specializes in the Turnkey execution of GIS Substations, AIS...

P N Gadgil Jewellers Records ₹251 Crore Revenue on Akshaya Tritiya, Marks 80.3% YoY Growth P N Gadgil Jewellers Limited recorded festive revenue of ₹251 crore on Akshaya Tritiya, marking an 80.3% growth compared to the previous year. This performance sets a new benchmark for the company, representing its second highest single-day revenue performance.The robust revenue growth was supported by strong volume increases, healthy footfall, and sustained traction across major product segments.Segment-Wise Performance Analysis The company's sales data for Akshaya Tritiya, compared with the prior year, shows significant performance across various categories.Particulars (₹ Cr)Apr-26 RevenueApr-25 RevenueRevenue Growth (%)...