Markets

ICICI Bank Surges to Rs 14,755 Crore PAT: Provision Cuts Drive Profit Growth Amid Geopolitical Headwinds ICICI Bank has reported a significant jump in its net profit for the March quarter, driven primarily by a massive reduction in provisioning. The second-largest private sector lender posted a 9.28 per cent rise in its consolidated net profit, reaching Rs 14,755 crore.The favorable results highlight the bank's robust balance sheet management despite prevailing economic uncertainties. On a standalone basis, the net profit increased 8.5 per cent, reaching Rs 13,702 crore, compared to Rs 12,630 crore in the year-ago period. For the full fiscal year 2026, post-tax profit rose 6.2 per cent, totaling Rs 50,147 crore from Rs 47,227 crore in...

Gold Set for Massive Breakout to ₹1.85 Lakh: Macro Tailwinds, Global Shifts Drive Akshaya Tritiya Boom As India approaches the auspicious festival of Akshaya Tritiya, which traditionally marks a prime time for gold purchases, analysis suggests that macro trends are providing robust support for the yellow metal. Analysts predict that global macroeconomic factors, combined with traditional investment sentiment, could push prices up to ₹1.85 lakh per 10 grams.Axis Direct has noted that gold is strongly positioned in the current global environment. The brokerage maintains that the metal has inherent appeal, regardless of whether the global economy faces periods of stagflation or enjoys improvement amid falling interest rates...

Mega Surge in LPG Sales: Government Initiatives Drive Historic Boost in Commercial and PNG Connections Robust Demand Sustains LPG Sales Amid Geopolitical Headwinds LPG consumption continues to show resilience and stability, driven by extensive government initiatives and reforms. Data released by the government highlights substantial activity across the sector. Specifically, more than 17.25 lakh 5-kg FTL cylinders have been sold since March 23.In a dedicated effort to boost outreach, PSU oil marketing companies (OMCs) organized over 6,450 awareness camps since April 3. These camps alone resulted in the sale of more than 90,000 five-kilogram cylinders. These specialized cylinders are allocated to state governments for supplying migrant...

Oriana Power Limited Incorporates Wholly Owned Subsidiary POWERAXIS SERVICES for Energy Projects Oriana Power Limited announced the incorporation of POWERAXIS SERVICES PRIVATE LIMITED as its Wholly Owned Subsidiary. The subsidiary received its Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, following the date of incorporation, April 07, 2026.The newly formed entity, POWERAXIS SERVICES PRIVATE LIMITED, has an authorized capital of Rs. 100,000, divided into 10,000 equity shares of Rs. 10 each. The company's turnover is currently Nil, as it has yet to commence business operations.Subsidiary Details and Corporate Structure The key details of the newly established subsidiary are summarized below...

Gold and Silver Crash-Proof? Key Bullion Rates Close At ₹16,045 (24 Kt Gold) Amid Market Watch Bengaluru witnessed the closing rates for critical precious metals on Saturday, providing a snapshot of global sentiment. Gold and silver rates provided specific benchmarks for investors to track market stability. The reported figures establish crucial support and resistance levels for retail and institutional investors alike.Precious Gold Bullion Rates Close at Benchmark Levels The gold segment saw the 24 Karat gold rate conclude at ₹16,045 per gram. This benchmark is critical for understanding investment trends in the high-purity segment. For consumers preferring slightly lower purity, the 22 Karat gold rate closed at ₹14,708 per gram...

Sikkim's Temi Tea Hits Record Rs 27,000/kg as Organic First Flush Sparks Premium Market Demand Sikkim's state-owned Temi Tea estate has achieved a notable milestone, reporting that its organic first flush tea fetched a record price of Rs 27,000 per kilogram. The official statement released Saturday confirms this exceptional performance during the current season.The first flush harvest is highly regarded for its delicate flavor profile and superior quality. This high demand is anticipated to continue across both the domestic and international tea markets.Driving Factors Behind Record Pricing The strong market response began immediately, with initial lots offered through open bidding receiving exceptional interest from buyers...

Rajputana Industries Limited Board Approves Key Transactions and Records Additional Executive Director's Resignation Rajputana Industries Limited announced several key resolutions following its Board of Directors meeting held on April 18, 2026. The Board considered matters ranging from approvals for related party transactions to confirming the resignation of an Additional Executive Director.During the meeting, the Board approved several major corporate actions, subject to the requisite shareholder and statutory approvals.Personnel Changes A primary resolution concerned Mr. Piyush Sharma, Additional Executive Director. Mr. Sharma submitted his resignation, effective from the close of business hours on April 18, 2026, citing personal...

Oriana Power Limited Incorporates Wholly Owned Subsidiary, EVERCORE PROJECTS PRIVATE LIMITED Oriana Power Limited has announced the successful incorporation of a new wholly owned subsidiary, EVERCORE PROJECTS PRIVATE LIMITED. The Certificate of Incorporation for the new entity was issued by the Ministry of Corporate Affairs on April 07, 2026, with the company receiving confirmation of the incorporation on April 17, 2026.The new subsidiary, EVERCORE PROJECTS PRIVATE LIMITED, operates within the power and energy sector, specifically focusing on the generation of all types of power or electric energy.Oriana Power Limited’s core business involves comprehensive activities across the energy value chain. The company generates power...

Oriana Power Limited Incorporates Wholly Owned Subsidiary, BLUEPLANET ENERGY Oriana Power Limited has announced the incorporation of a new subsidiary, BLUEPLANET ENERGY PRIVATE LIMITED. The subsidiary was incorporated on April 07, 2026, and Oriana Power Limited received the Certificate of Incorporation on April 17, 2026.BLUEPLANET ENERGY PRIVATE LIMITED has been established as a Wholly Owned Subsidiary of Oriana Power Limited. The company's operational scope is focused on the generation and distribution of power, with diverse interests spanning renewable energy solutions and specialized industrial equipment.Subsidiary Structure and Capitalization Oriana Power Limited holds a 100% stake in the new entity. The financial structure of...

Oriana Power Limited Establishes Wholly Owned Subsidiary, NOVAGRID ENERGY PRIVATE LIMITED Oriana Power Limited has incorporated NOVAGRID ENERGY PRIVATE LIMITED as a wholly owned subsidiary. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, following the incorporation date of April 07, 2026.NOVAGRID ENERGY PRIVATE LIMITED was formed with an Authorized Capital of Rs. 100,000/- (Rs. One lakh only), divided into 10,000 equity shares of Rs. 10 each. The entity reported nil turnover, as it has yet to commence business operations.Subsidiary Details Key details regarding the newly incorporated entity are as follows:ParticularsDetailsNameNOVAGRID ENERGY PRIVATE LIMITED...

Oriana Power Limited Incorporates Wholly Owned Subsidiary, COREGRID PROJECTS Oriana Power Limited announced the incorporation of COREGRID PROJECTS PRIVATE LIMITED as its wholly owned subsidiary. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, confirming the establishment of the new entity.The subsidiary, COREGRID PROJECTS PRIVATE LIMITED, is structured to operate within the power and energy sector. Its main objects of business are diverse, spanning electricity generation, engineering, procurement, and construction (EPC) of power projects, and the operation and maintenance (O&M) of power assets.The company's intended scope includes providing consultancy in the field of...

ArisInfra Solutions Secures Purchase Order for Aggregates for Chennai Peripheral Ring Road Project ArisInfra Solutions Ltd has secured a significant business contract, winning a Purchase Order for the supply of aggregates required for the Chennai Peripheral Ring Road Project. The value of the order is reported at ₹ 18.45 crores.The Purchase Order was awarded by the TPL-IAV VOZ CPRR Joint Venture, designating the deal as a domestic contract. This contract mandates the supply of aggregates for the development of the Chennai Peripheral Ring Road Project.The duration specified for executing this order is approximately 22 months.The key details of the contract award are summarized below:ParticularsDetailsName of the Awarding...

Tata Capital Announces Conference Calls for Financial Results of FY26 Tata Capital Ltd has scheduled conference calls to discuss the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The company will host two separate calls: one for the media and another for analysts and investors.The calls are scheduled for Thursday, April 23, 2026.The Media conference call is slated for 5:30 PM IST. Following this, the Earnings Conference call with Analysts and Investors will take place at 6:30 PM IST.The company's senior management team, including Managing Director & CEO Mr. Rajiv Sabharwal, will participate in these sessions. Mr. Rakesh Bhatia, Chief Financial Officer, is also...

Pakistan's Economic Plunge Deepens: UAE Loan Dispute Triggers New Crisis Amid Global Instability Fundamental economic issues continue to plague Pakistan, presenting significant challenges across multiple fronts. The nation is now grappling with a diplomatic dispute over financial deposit repayments, notably threatening its relationship with the UAE, according to a recent geopolitical report.The financial stress is compounded by global economic headwinds, putting Pakistan at a crucial juncture amid deepening regional tensions.UAE Dispute Threatens Pakistan's Financial Stability The core immediate challenge involves massive loan repayments owed to the UAE. Earlier this month, the Pakistan government announced plans to repay $3.5...

Cyient to Announce Q4 FY26 Results and Host Earnings Conference Call on April 23 Hyderabad, April 18, 2026: Cyient, a provider of intelligent engineering solutions, announced that it will release its results for the Fourth Quarter and the Full Year ended March 31, 2026, on Thursday, April 23, 2026.Cyient delivers specialized intelligent engineering solutions across products, plants, and networks. The company serves over 300 global customers, including 30% of the top 100 global innovators.The earnings conference call following the results announcement will feature senior management from the company. Participants include Krishna Bodanapu, Managing Director & Executive Vice-Chairman; Sukamal Banerjee, Executive Director & CEO...

Tandhan Industries Limited Approves Key Management Changes and Board Resolutions at Meeting Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, conducted its Board of Directors meeting on April 18, 2026. During the meeting, the Board considered and approved several major corporate actions, including key management appointments and approvals for related party transactions.Management and AppointmentsThe Board of Directors utilized the meeting to approve appointments for several key directorial positions, effective February 27, 2026. The approved appointments included:Mr. Ankit Jalan was appointed as Chairman and Managing Director for a term of three years. Mrs. Prachi Jalan was appointed as Whole-Time...

Arisinfra Solutions Secures Purchase Order for Aggregates Worth Rs. 5.45 Crore from CEIGALL INDIA LIMITED Arisinfra Solutions Limited announced that its subsidiary, Buildmex-Infra Private Limited, has secured a purchase order from CEIGALL INDIA LIMITED. The contract is for the supply of aggregates, valued initially at Rs. 5.45 crore.The agreement, which falls under a domestic transaction, signifies a material business development for the company. The purchase order confirms the supply of aggregates from the parent company's subsidiary to CEIGALL INDIA LIMITED.In terms of contract specifics, the transaction was characterized by the following details:ParticularsDetailAwarding EntityCEIGALL INDIA LIMITEDNature of...

Standard Capital Markets Ltd Completes Multiple Debenture Redemptions Across Various Series Standard Capital Markets Ltd has completed the full or partial redemption of several tranches of its Secured Non-Convertible Debentures (NCDs) across multiple series. The company executed these redemptions, including those related to NCD-3 Series II, NCD-3 Series IV, NCD-3 Series V, and various Series I NCDs.The board of directors approved the redemptions on April 18, 2026, and the company confirmed the conclusion of these financial transactions, including all accrued interest, ensuring no outstanding amounts remain for the specified debenture series.Full Redemption of NCD-3 Series II, IV, and V The company confirmed the full redemption of...

Maximus International Ltd Appoints Additional Non-Executive Non-Independent Director Maximus International Ltd announced the appointment of Mr. Aniruddh Gandhi as an Additional Non-Executive Non-Independent Director of the Company. The Board approved the appointment during its meeting held on April 18, 2026, with the appointment effective from the same date, subject to the final approval of the Company's shareholders.The appointment of Mr. Aniruddh Gandhi (DIN: 07912519) is noted by the board, confirming that he has no reported relationship with any other director of the Company.The Company provided the following details regarding Mr. Aniruddh Gandhi:ParticularsDisclosureReason for ChangeAppointment as an Additional...

Massive Relief for Farmers: Centre Greenlights Procurement of 20 Lakh MT Potatoes in UP, Boosts Support in AP and Karnataka In a significant move bolstering rural economies, the central government has approved a large-scale procurement effort for potatoes in Uttar Pradesh (UP). This timely intervention, announced by Agriculture Minister Shivraj Singh Chouhan, aims to provide critical financial stability to potato-growing farmers nationwide.The government has set a predetermined market intervention price of ₹6,500.9 per metric tonne for the potatoes. The approved procurement volume stands at 20 lakh metric tonnes, backed by a projected central financial contribution of ₹203.15 crore.Securing Farmers Against Market Volatility in Uttar...