Markets

Madhav Copper Limited Updates Status of GST Appeal, Confirms No Operational Impact Madhav Copper Limited provided an update on its tax assessments, confirming that the company filed an appeal regarding an order passed by the CGST/SGST authorities. The company stated that the order is not expected to impact its financial or operational activities.The update references a previous disclosure made by the company on January 19, 2026, when Madhav Copper Limited had informed the market about receiving an Assessment Order in Form GST DRC-07 under Section 74 of the Central Goods and Services Tax Act, 2017.In its latest communication, the company noted that it filed an appeal dated March 10, 2026, challenging an Order passed by the CGST/SGST...

Lupin Limited Manufacturing Facility Underwent U.S. FDA Inspection in New Jersey Lupin Limited confirmed that its manufacturing facility located in Somerset, New Jersey, U.S.A., recently underwent an inspection by the U.S. FDA. The inspection process took place from April 13, 2026, through April 17, 2026.Upon conclusion of the review, the company received a Form-483 detailing three observations.Lupin Limited stated that the company is committed to maintaining compliance with CGMP standards across all its facilities. The company plans to address the observations made during the inspection and will respond to the U.S. FDA within the stipulated timeframe.LUPIN Stock Price Movement On Friday, Lupin Limited shares slipped by 0.19% to...

Star Cement's Subsidiary to Acquire 100% Stake in Nitesh Minerals for Limestone Supply Star Cement Limited has announced that M/s Ri Pnar Cement Private Limited (RPCPL), a wholly owned subsidiary of the company, has executed a Share Purchase Agreement (SPA) with the shareholders of M/s Nitesh Minerals Private Limited (NMPL). This acquisition aims to secure the supply of limestone and enhance logistics benefits for the cement business.Upon the completion of the transaction, NMPL will become a wholly owned subsidiary of RPCPL, thereby establishing itself as a step down subsidiary of Star Cement Limited. The agreement was signed on April 18, 2026, marking the commencement of the acquisition process.The primary objective of the...

National Fittings Ltd Changes Registered Office from Tamil Nadu to Gujarat National Fittings Ltd has announced a change in its registered office address, shifting its operations from the State of Tamil Nadu to Gujarat. The shift was approved by the Ministry of Corporate Affairs (MCA), vide an order dated April 2, 2026.The company’s registered office is now located at 314/315 village Mudhela, Taluka, Savli, Vadodara -391770, Gujarat, India.The decision to relocate the registered office was necessitated by the company's stated aim of achieving greater administrative efficiency and operational flexibility. This change in state jurisdiction was officially sanctioned by the Regional Director, Chennai, and the Memorandum of Association...

Madhav Copper Limited Updates Status of Income Tax Appeal Against Section 270A Penalty Madhav Copper Limited provided an update regarding its ongoing appeal concerning a penalty order received under Section 270A of the Income Tax Act, 1961. The update details the progression of the matter before the tax authorities.The company had previously informed about filing an appeal on April 21, 2025, with the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals) against the aforementioned penalty order. This initial matter had been highlighted in a disclosure dated August 6, 2025.The company recently received a notice of hearing dated March 16, 2026, from the office of the Joint Commissioner of Income Tax (Appeals). In...

Ola Electric Announces 'Ola Sona Weekend' Celebration with Benefits Up to ₹50,000 Ola Electric Mobility Limited has announced 'Ola Sona Weekend' to mark the auspicious occasion of Akshaya Tritiya. The limited-time event offers customers benefits valued up to ₹50,000 across the company’s electric vehicle (EV) portfolio.As part of the celebration, customers also have a chance to win the limited-edition Ola सोना, a model featuring real 24-karat gold-plated elements.The company has announced specific pricing and offers for key models, valid only on April 18th and April 19th, 2026.Limited-Time Offers and Pricing Ola Electric is extending special offers for its flagship models, including discounts and extended warranties. The key...

AVATAR INDUSTRIES LIMITED Completes Name Change from ASL Industries Limited AVATAR INDUSTRIES LIMITED, which was previously known as ASL Industries Limited, has confirmed compliance steps related to its name change. The company announced the transition on April 18, 2026.The company, which operates from NESCO IT Park, Goregaon East, Mumbai, confirmed the name change following a notice of Postal Ballot submitted to shareholders regarding the name change of the company.The process required submitting a certificate from chartered accountants confirming compliance with the necessary requirements for the name alteration. The certificate, dated February 14, 2026, was issued by Nagadheep Sathyanarayana & Co., Chartered Accountants.The...

Hindustan Copper Reports Fatality Incident at Khetri Copper Complex Unit Hindustan Copper Limited reported an incident that occurred at the Process Plant of its Khetri Copper Complex unit in Jhunjhunu, Rajasthan, on April 17, 2026.The company confirmed that a contractual employee, who was engaged by a civil contractor, met with a fatality during the incident. Hindustan Copper expressed deep mourning over the unfortunate event.The company also confirmed that despite the incident at the Process Plant, there was no disruption to the operations of the Plant.HINDCOPPER Stock Price Movement On Friday, Hindustan Copper Limited shares edged higher, rallying 0.78% to close at ₹569.60, marking a gain of ₹4.40. The equity showed strong...

Interarch Building Solutions Limited Secures Domestic Order Worth Approximately Rs.60 Crores Plus Tax Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, has secured a significant order for the supply of Pre-Engineered Steel Building Systems. The company confirmed the contract details, stating that the customer name could not be disclosed due to confidentiality and commercial considerations.The contract is classified as domestic, involving the Design, Engineering, Manufacturing, Supply, and erection of the specialized steel building system.The awarded contract is valued at approximately Rs.60 Crores Plus Tax. The scope of work requires the complete Design, Engineering, Manufacturing, Supply...

NCLT Issues Order on Apollo Hospitals Arrangement Scheme, Sets Meeting Dates for Creditors and Shareholders Apollo Hospitals Enterprise Limited announced that the National Company Law Tribunal (NCLT), Division Bench - II, Chennai, has passed an order providing for the convening of meetings for stakeholders involved in its proposed composite scheme of arrangement. The order, dated April 15, 2026, pertains to the application jointly filed by Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited.The proposed scheme involves the involved companies, including Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited...

Orient Green Power Company Ltd Enters 1.5 MW Wind Turbine Contract with Pioneer Wincon Energy Systems Orient Green Power Company Ltd, through its subsidiary Clarion Wind Farm Private Limited, has secured a contract for the supply of wind turbines aimed at re-powering an existing wind farm.The deal was approved by the Investment/Borrowing/Banking Committee of the Board of Directors of Clarion Wind Farm Private Limited, a Material Stepdown Subsidiary of Orient Green Power Company Ltd. The committee approved the contract during its meeting held on April 17, 2026. Accordingly, Clarion signed and executed the contract with M/s Pioneer Wincon Energy Systems Pvt Limited (Pioneer) on the same date.The agreement involves Pioneer supplying 2...

Indian Emulsifiers Limited Secures ₹20 Crore Funding Commitment from LC Venture Debt Fund Indian Emulsifiers Limited has secured a committed capital infusion of up to ₹20 Crore from LC Venture Debt Fund. This funding, structured through the issuance of secured, redeemable non-convertible debentures, signals strong institutional confidence in the company’s business model and long-term growth prospects.The commitment supports the company’s strategy to accelerate growth and strengthen its global subsidiaries.The funding arrangement is structured with immediate capital deployment and a phased drawdown mechanism. The company is currently subscribing to an initial tranche of ₹10 Crore, with the remaining capital reserved for future...

Tega Industries Incorporates Wholly Owned Subsidiary Tega Solutions Limited Tega Industries Limited announced the incorporation of its wholly owned subsidiary, Tega Solutions Limited (TSL). The Company received the Certificate of Incorporation for TSL from the Ministry of Corporate Affairs on April 17, 2026, following the subsidiary's incorporation on April 01, 2026.The move establishes Tega Solutions Limited, which is wholly owned by Tega Industries Limited. The object of the new entity is to provide management consultancy services and to function as a Global Capability Centre and Global Cost Centre for corporate entities.According to the details provided, the subsidiary will operate in the management consultancy activities sector...

Infosys Board Names Diane Enberg Jurgens as Independent Director; Helene Auriol Potier Reappointed Infosys Limited has announced the appointment of Diane Enberg Jurgens as an additional Independent Director, while also confirming the re-appointment of Helene Auriol Potier to the Board. Both appointments are effective following the recommendation of the Nomination and Remuneration Committee, and are subject to shareholder approval.The appointment of Diane Enberg Jurgens is effective from April 22, 2026, for a tenure of three years. Ms. Jurgens, a strategic Board Member and Technologist, brings extensive global C-suite experience and a proven track record in leading transformations across multiple industries. She currently serves as an...

Texmaco Rail Secures Order of Rs. 3.06 Crores from Modern Coach Factory Texmaco Rail & Engineering Limited has been awarded a contract worth Rs. 3.06 crores for the supply of bogie frame assemblies. The order was placed by Modern Coach Factory, Raebareli, marking a significant domestic contract win for the company.The contract pertains to the supply of Bogie Frame Assembly for Non-AC Air Spring type LHB Fiat Bogie. The details of the order, including the scope of work and commercial terms, confirm that the awarding entity is domestic.The total value of the order, excluding taxes, stands at Rs. 3.06 crores. The execution timeline stipulated for this contract is within 301 days from the date the order is issued.Key details...

Meta Poised to Slashing Thousands of Jobs as AI Reshapes Global Tech Landscape New Delhi, April 18 US tech giant Meta (formerly Facebook) is reportedly preparing for significant workforce reductions. Sources suggest the company may plan to lay off at least 10 per cent of its global staff next month.These planned cuts could affect nearly 8,000 workers, marking a substantial reduction in the company's operational size. Furthermore, the raw data indicates that additional rounds of layoffs are anticipated later in the year, although specifics remain unconfirmed.Scale of Potential Reductions at Meta The initial round of cuts expected in May is projected to target approximately 10 per cent of Meta's total global workforce. However, the...

Opposition Accused of Blocking Key Constitutional Reform, Threatening Women's Representation Rights Dispute Over Constitution Amendment Bill Ignites Political Debate A major legislative confrontation has emerged in Indian politics following remarks by External Affairs Minister Dr. S. Jaishankar. The debate centers on the Constitution Amendment Bill, which is crucial for the implementation of the Nari Shakti Vandan Adhiniyam.Minister Jaishankar strongly criticized key opposition parties for their actions regarding the bill's passage. He alleged that blocking the amendment undermines women's fundamental rights to representation within legislative bodies.Key Allegations Regarding Legislative Blockade In a direct social media statement...

Sensex, Nifty Surge Amid US-Iran Peace Talks Optimism; Oil Dip Powers Market Recovery The Indian benchmark indices concluded the week on a strong note, fueled by heightened optimism surrounding ongoing US-Iran peace talks. This positive global backdrop, coupled with rupee appreciation and moderation in crude oil prices, drove broad-based buying across key sectors.On Friday's close, Sensex surged by 504.86 points, marking a gain of 0.65 per cent to settle at 78,493.54. Simultaneously, Nifty gained 156.80 points, also climbing 0.65 per cent to close at 24,353.55. Analysts pointed to this robust performance as evidence of improving trader sentiment across the board.Market Breadth Outperforms Benchmark Indices While both Sensex and...

Korean Won Stabilizes at 1,460 Against Dollar as Geopolitical Easing Spurs Optimism Won Stabilizes Amid De-escalation Hopes in Washington Korean currency gains momentum, stabilizing against the US dollar. Finance Minister Koo Yun-cheol stated that the Korean won has been stabilizing following its previous depreciation. This positive movement comes as international tensions ease. The stabilizing trend is occurring amid hopes that the Korean won will align with broader market expectations.Koo made these remarks during a meeting with reporters in Washington. The Korean currency strengthened to the 1,460 won range against the greenback. This shift followed Iran's reopening of the crucial Strait of Hormuz. Such developments are fueling...

NITI Aayog Demands Mega Boost: How States Must Develop World-Class Tourism Destinations Tourism has been identified by NITI Aayog as a critical growth catalyst, aligning with the vision of Prime Minister Narendra Modi. Suman Bery, Vice Chairman of NITI Aayog, stressed the urgent need for every state to develop world-class destinations. This focus must be particularly robust in encouraging longer tourist stays, especially within domestic and religious tourism segments.Centre-State Collaboration and Infrastructure Mandates Addressing a recent event, Mr. Bery emphasized that achieving this tourism potential requires systemic improvements. He highlighted the necessity of stronger Centre-State collaboration for effective policy...