Markets

Key Corporate Moves: Swiggy, L&T, and Pharma Giants Lead Stock Focus Today Stock markets are humming with corporate announcements today, featuring key financial results, significant acquisitions, and major regulatory updates. Investors are paying close attention to specific sectors, particularly in technology, real estate, and pharmaceuticals.Quarterly Earnings Reports Set for Release Several companies are scheduled to unveil their quarterly financial results today. ICICI Prudential Asset Management Company, Innovision, Just Dial, Swaraj Engines, Continental Controls, and Ind Bank Housing are among those releasing their updates.Major Corporate Actions and Strategic Deals Larsen & Toubro (L&T) is bolstering its real estate ambitions...

Board Meeting Scheduled for PropShare Titania REIT to Review Financial Results A meeting of the Board of Directors of PropShare Investment Manager Private Limited, the Investment Manager of Property Share Investment Trust, and PropShare Titania, the second scheme of the Trust, is scheduled for Friday, April 17, 2026.During the meeting, the board is expected to consider and potentially approve several key corporate actions pertaining to PropShare Titania. These matters include the audited financial results for the quarter and the year ended March 31, 2026.Key agenda items slated for consideration by the board on April 17, 2026, include:Audited Standalone Financial Results and Audited Consolidated Financial Results of PropShare...

Blue Dart Express Announces Resignation of Independent Director and Chairman Blue Dart Express Limited announced that Mr. Prakash Apte, who currently serves as Chairman and Independent Director, has tendered his resignation due to health reasons. The resignation is effective from the conclusion of the Board Meeting scheduled for Monday, April 13, 2026.Mr. Prakash Apte confirmed his resignation as Chairman and Independent Director. Consequently, he will also cease to be the Chairman and Member of the Audit Committee, and a member of the NRC, Risk Management Committee, CSR Committee, and Stakeholder Relationship Committee of the Company. The company board expressed its appreciation for the valuable contribution made by Mr. Apte during...

Emirates NBD Bank Open Offer for RBL Bank Limited: Corrigendum Details Released RBL Bank Limited received communication regarding a Corrigendum issued by J.P. Morgan India Private Limited, acting as the Manager, concerning the open offer. The open offer is being made by Emirates NBD Bank (P.J.S.C.), the Acquirer, for the acquisition of equity shares of RBL Bank Limited, the Bank.The Corrigendum, which updates previous announcements, was advertised by the Acquirer in the Financial Express (English -All editions), Jansatta (Hindi -All editions), and Tarun Bharat (Marathi -Kolhapur and Mumbai Editions) on April 12, 2026.The open offer details include the acquisition of up to 415,586,443 fully-paid-up equity shares of face value of 10...

PropShare Platina Board Meeting Scheduled for April 17, 2026 A meeting of the Board of Directors of PropShare Investment Manager Private Limited, the Investment Manager for the Property Share Investment Trust and PropShare Platina, first scheme of the Trust, is scheduled for Friday, April 17, 2026.During this board meeting, the directors are set to consider and potentially approve several key items related to PropShare Platina and the Trust's performance for the period ending March 31, 2026.The board agenda includes consideration of the following matters:The Audited Standalone Financial Results and Audited Consolidated Financial Results of PropShare Platina for the quarter and the full year ended March 31, 2026. The Audited...

Vashu Bhagnani Industries Ltd to Review Consolidated Financial Statements at Board Meeting Vashu Bhagnani Industries Ltd has scheduled a Board of Directors meeting for Thursday, April 16, 2026. The primary agenda for the meeting is to consider and approve the revision in the company's consolidated financial statements.The necessity for revising the consolidated financial statements stems from a clerical error identified in the financial records of the company's subsidiary located in the UAE. This error was discovered during a review conducted by the subsidiary in consultation with its auditors, and the necessary corrections have since been applied to the subsidiary's financial statements.As the company prepares its consolidated...

Moschip Technologies Ltd Board Meeting Scheduled for April 16, 2026 Moschip Technologies Ltd has scheduled a meeting of its Board of Directors for April 16, 2026. The meeting is slated to consider the Preferential Issue of Equity shares. This action is planned pursuant to the provisions of SEBI (ICDR) Regulations, 2018.MOSCHIP Stock Price Movement On Friday, Moschip Technologies Limited shares edged higher to close at ₹175.77, marking a gain of 2.48%. The equity saw active trading during the session, with 2.36 million shares transacting.Source:

Unichem Laboratories' Subsidiary Recalls Product in USA Due to Stability Assay Result Unichem Pharmaceuticals (USA), Inc., a wholly-owned subsidiary of Unichem Laboratories Limited, has voluntarily recalled certain products distributed within the USA. The recall pertains to Buspirone Hydrochloride Tablets, USP Strength: 5 mg, which are packaged in 500 count bottles.The decision for the recall was based on an Out-of-specification (OOS) assay result identified at the 12-month long-term stability time point.The company stated that as of the date of the announcement, it has not received any reports of adverse events related to this product recall. Unichem emphasized that ensuring patient safety and maintaining product quality remains...

Domestic equity markets ended the week on a strong footing, extending gains after a brief pause. Buying in banking, auto, and consumer stocks led the rally, pushing benchmark indices higher.The Nifty 50 rose 275.50 points or 1.16 percent to close at 24,050.60, while the BSE Sensex gained 918.60 points or 1.20 percent to settle at 77,550.25. India VIX declined 7.72 percent to 18.85, reflecting easing volatility.1. Strong Closing Sets the Tone Markets maintained upward momentum through Friday, supported by sectoral strength and improving sentiment, indicating a positive undertone heading into the new week.2. Key Technical Levels Nifty has immediate support at 23,800. On the upside, the 24,300 to 24,350 zone is expected to act as...

Texmaco Rail & Engineering Secures Order Worth Rs. 23.57 Crores from Hindalco Industries Limited Texmaco Rail & Engineering Ltd, an adventz group company, has received an order from Hindalco Industries Limited for the supply of railway components. The awarded order is valued at Rs. 23.57 crores.The transaction details confirm that Hindalco Industries Limited awarded the contract for the Supply of One BTAP Rake and One Break Van.The details regarding this railway contract are as follows:ParticularsDetailsName of the entity awarding the order(s)/contract(s)Hindalco Industries LimitedSignificant terms and conditions of order(s)/contract(s) awarded in briefSupply of One BTAP Rake and One Break Van.Nature of order(s) /...

GHV Infra Projects Ltd Secures Rs. 1,250 Crores Construction Contract for Maharashtra Expressway Connectors GHV Infra Projects Limited has entered into a significant Construction Contract with Apco Infratech Private Limited for critical infrastructure development in Maharashtra. The agreement covers the execution of construction works, along with associated activities for the development of expressway connectors from Jalna to Nanded in Maharashtra.The total consideration stipulated in the construction contract is Rs. 1,250 (Rupees One Thousand and Two Fifty) Crores, excluding applicable taxes. The construction period associated with the contract has been set for 30 (Thirty) months.Contract Details The contract nature is identified...

Adjudicating Authority Confirms Attachments of Properties of Reliance Communications and Subsidiaries Reliance Communications Limited confirmed that the Hon'ble Adjudicating Authority under the Prevention of Money Laundering Act, 2002, passed orders on April 10, 2026, confirming the attachment of several properties. These orders pertain to assets of Reliance Communications Limited (RCOM) and its wholly owned subsidiaries, Campion Properties Limited (CPL) and Reliance Realty Limited (RRL).The confirmation of attachments was detailed across three specific Provisional Attachment Orders (PAOs): PAO No. 32/2025, PAO No. 36/2025, and PAO No. 40/2025. The written copies of the orders were uploaded to the Adjudicating Authority's website on...

CARE Ratings Reaffirms Ratings for UltraTech Cement Ltd Amid Capacity Expansion Plans CARE Ratings Limited has reaffirmed the ratings for the Long Term and Short Term Bank facilities of UltraTech Cement Limited while withdrawing the rating for the fixed deposit issue due to no outstanding amount. The reaffirmed ratings are CARE AAA; Stable for the Long Term bank facilities and CARE AAA; Stable / CARE A1+ for the Long Term / Short Term bank facilities.The rating action, detailed in the provided data, outlines the status of UltraTech Cement Limited's key financing instruments.Facilities/InstrumentsAmount (₹ crore)Rating 1Rating ActionLong-term bank facilities2,400.00CARE AAA; StableReaffirmedLong-term / Short-term bank...

Investigation Underway at Subsidiary Huron Graffenstaden SAS Regarding Export Controls Jyoti CNC Automation Limited reported that its material subsidiary, Huron Graffenstaden SAS, has become the subject of investigations by various authorities in France concerning export controls and documentation for machinery considered to be of dual-use.The investigations involve certain employees of Huron Graffenstaden SAS, who were questioned by French authorities. While awaiting a formal outcome, interim measures have been noted from the French authorities. These measures include:The director general of Huron Graffenstaden SAS has been temporarily restricted from discharging duties related to Huron Graffenstaden SAS. Interim seizure of...

Punjab & Sind Bank Director Retirement Noted Punjab & Sind Bank has announced the retirement of Sh Shankar Lal Agarwal from its Board of Directors. The bank confirmed that Mr. Agarwal’s tenure as a Part-Time NonOfficial Director has concluded.Sh Shankar Lal Agarwal was appointed to the Board of the Bank for a period of one year via a notification from the Government of India, Ministry of Finance, Department of Financial Services, dated April 11, 2025. The bank reported that his retirement is effective upon completion of this stipulated term.PSB Stock Price Movement On Friday, Punjab & Sind Bank shares edged higher, settling at ₹24.59 after gaining 2.03%. The stock traded on a volume of 1.47 million shares, contributing to the...

Samvardhana Motherson Reports Dissolution of Croatian Subsidiary Samvardhana Motherson International Limited reported the dissolution of its indirect wholly owned subsidiary, SMRC Automotive Interior Modules Croatia d.o.o., effective April 11, 2026. The Commercial Court of Zagreb dissolved the unit following an application submitted by SMRCCroatia.The details regarding this subsidiary's performance prior to its dissolution were provided for record purposes. During the fiscal year 2024-25, SMRC-Croatia generated a turnover of Euro 256362 and reported a net worth of € 6448.A review of the financial contribution showed that the turnover and net worth of SMRC-Croatia for FY 2024-25 constituted a 'negligible' or '0.00%' proportion...

Jash Engineering Reports FY 25-26 Revenue, FY 26-27 Projections, and Order Book Update Jash Engineering Limited reported its unaudited revenue for the fiscal year 25-26 and provided projections for FY 26-27, alongside updates on its order book position as of April 1, 2026.For FY 25-26, the company achieved consolidated unaudited revenue of approximately Rs. 736 Cr. This figure marks a notable difference from the revised revenue projection of Rs. 775-800 Cr. issued in January/February 2026. The reported dip in revenue was attributed to tariff issues in the USA and the ongoing war in the Middle East. These factors reportedly placed dispatches to the Middle East on hold and impacted global shipping and container availability, leading to...

Baazar Style Retail Ltd Opens New Store in Balasore, Odisha Baazar Style Retail Ltd has opened a new Express Baazar store in Balasore, Odisha, adding to its retail footprint. With this latest addition, the company's total number of stores now stands at 270.The company's operations confirm the opening of the new outlet in Balasore, Odisha. This expansion increases the total store count to 270 as of the date of the report.STYLEBAAZA Stock Price Movement On Friday, Baazar Style Retail Limited shares gained 2.09% to close at ₹293, marking a solid session for the stock. The equity saw significant trading activity, with the day's volume climbing to 756,431 shares.Source:

Embassy Developments Ltd to Sell Stake in Sepset Real Estate for INR 100 Crore Embassy Developments Ltd, along with its wholly owned subsidiary Ceres Estate Limited, has entered into a Share Purchase Agreement for the sale of 100% of the equity share capital of Sepset Real Estate Limited. The buyer in this transaction is Pen India Limited.Sepset owns the commercial project known as 'Mega Mall' located in Jodhpur, Rajasthan, encompassing all its assets and liabilities, including unsold inventory. Upon the completion of the transaction, Sepset will cease to function as a subsidiary of Embassy Developments Ltd.The company stated that this transaction aligns with its ongoing focus on active portfolio management and disciplined capital...

NSE Achieves Nanosecond Order Acknowledgement, Cementing India's Global Fintech Supremacy The National Stock Exchange of India (NSE) has announced a monumental leap in trading infrastructure, deploying nanosecond-level order acknowledgement across all major derivatives and cash segments. This significant upgrade solidifies India's position at the apex of global exchange technology.The NSE, already the world's largest derivatives exchange by volume, confirmed that the immediate acknowledgement feature went live from April 11, 2026. The enhancement covers Currency Derivatives, Commodity Derivatives, Cash (Capital Market), and Equity Derivatives.Understanding the Transformative Technological Leap in Trading This advancement allows...