Markets

Biocon Pharma Gains U.S. FDA Approval for Dapagliflozin Tablets Biocon Pharma Limited, a subsidiary of Biocon Limited, announced on April 8, 2026, that it has secured approval from the U.S. Food and Drug Administration (FDA) for Dapagliflozin Tablets in strengths of 5 mg and 10 mg.The approved indication for the product is for the management of adults with type 2 diabetes mellitus. It is indicated to be used as an adjunct to diet and exercise to improve glycemic control and to reduce the risk of hospitalization for heart failure in adults with type 2 diabetes mellitus who also have either established cardiovascular disease or multiple cardiovascular risk factors.This FDA approval marks a significant development for Biocon's...

HFCL Limited has reported that HTL Limited, a material subsidiary of the company, has secured significant orders totaling approximately ₹ 1366 crore for the supply of optical fiber cables. The contract was awarded by a Tier-1 customer.These new orders highlight the confidence placed by customers in the manufacturing capabilities, technological excellence, and product quality associated with the company.The details of the secured orders are as follows:ParticularsDetailsName of the entity awarding the order(s)/contact(s)Tier-1 customerSignificant terms and conditions of order(s)/ contract(s) awarded in briefGeneral Contract ConditionsDomestic/International EntityDomesticNature of order(s) / contract(s)Supply of Optical...

Jubilant FoodWorks Addresses Media Reports on LPG Dependency and Operations Jubilant FoodWorks Limited issued a clarification regarding news reports published concerning its operations and potential impact from energy supply disruptions. The communication addressed a report in the Business World dated April 7, 2026, titled 'Jubilant FoodWorks Shares Drop 10% On Weak Same-store Growth, LPG Disruptions.'The report reportedly suggested that the weakness in the company was largely attributed to disruptions in commercial LPG supply, alleging that over 95 per cent of the company's outlets depend on LPG for operations.Jubilant FoodWorks clarified that the percentage cited in the report did not originate from any disclosure, statement, or...

Angel One Ltd Updates Key Business Parameters for Q4 FY26 and FY26 Angel One Ltd has updated key business parameters for March 2026, corresponding to Q4 FY26 and the full financial year FY26. The company reported performance metrics across various trading segments, showing growth in certain areas despite moderation in others.Quarterly Performance Review The company provided data comparing March 2026 figures against February 2026 and March 2025. A detailed look at the metrics across the three years is available in the table below.ParticularsMar '26Feb '26Mar '25M-o-M Growth (%)Y-o-Y Growth (%)No. of Trading Days192119-9.5%0.0%Client Base (Mn)37.3936.9331.021.3%20.5%Gross Client Acquisition (Mn)0.510.570.47-10.7%7.5%Avg...

Iran War Ceasefire Sparks Global Rally, Kospi Surges Over 5%, Nikkei Gains Nearly 4.6% Asian Markets Jump as US-Iran Truce Eases Geopolitical Tensions Asian stock markets rallied sharply on Wednesday following the announcement of a ceasefire between the United States and Iran, bringing relief to investors after six weeks of conflict. The de-escalation also triggered a steep decline in crude oil prices, further boosting market sentiment across the region.Kospi Leads Regional Gains, Tech Stocks Drive Surge South Korea’s benchmark Kospi index emerged as the top performer in Asia, soaring 5.3%. The rally was driven by strong gains in major technology stocks, with Samsung Electronics climbing 7% and SK Hynix surging 9%.Japan, Australia...

Indian Stock Market Set for Strong Start on Wednesday The Indian stock market is poised for a higher opening on Wednesday, supported by strong global cues following a temporary ceasefire agreement between the United States and Iran. Benchmark indices Sensex and Nifty 50 are expected to extend their recent gains after a broad-based rally across global markets.GIFT Nifty was trading near the 23,830 mark, indicating a premium of around 679 points compared to the previous close of Nifty futures. This suggests a firm gap-up start for domestic equities.Previous Session Recap On Tuesday, Indian equities continued their upward momentum for the fourth consecutive session.Sensex rose 509.73 points or 0.69% to close at 74,616.58 Nifty 50...

Gold, Silver Rates Today: Precious Metals Rally as US-Iran Ceasefire Boosts Sentiment Gold and silver prices rebounded sharply on Wednesday, April 8, following a temporary de-escalation in the US-Iran conflict, lifting market sentiment and triggering fresh buying in precious metals.Gold, Silver Prices Jump Up to 7% in Early Trade Gold and silver rates recorded strong gains during Asian trading hours after the United States and Iran agreed to a two-week ceasefire aimed at enabling diplomatic negotiations.On COMEX, gold prices surged as much as 3.1% to cross the $4,850 per ounce mark, extending a 1.2% rise from the previous session. Silver prices witnessed a sharper rally, climbing nearly 6.80% to $76.92 per ounce.The rebound comes...

US Stock Market Rally: Dow Jones Futures Jump 2% After Strait of Hormuz Deadline Extension Dow Jones Futures Surge in Early Asian Trade US stock market momentum strengthened on Wednesday as Dow Jones futures rallied nearly 2% during early Asian trading hours. At around 6:02 AM, Dow futures were up approximately 863 points, reflecting a sharp positive shift in global sentiment.The rally followed renewed optimism after the extension of the Strait of Hormuz deadline by two weeks and a sharp decline in crude oil prices.S&P 500 Futures Gain After Previous Session Earlier, US stock futures had already shown strength on Tuesday evening amid easing geopolitical tensions. S&P 500 futures climbed to 6,804 after closing at 6,616, marking gains...

Master Components Limited Receives Purchase Order of INR 3,35,78,623 for Electrical Components Master Components Limited has reported receiving a Purchase Order for the supply of plate plus frame intended for an electrical company. The value of the order is approximately INR 3,35,78,623, excluding tax.The order, detailed in an annexure, specifies that the transaction is with a domestic entity and falls under the nature of supplying plate plus frame required for an electrical company.Key details regarding the purchase order are presented below:ParticularsDetailsName of the awarding entityDomestic CompanyNature of orderSupply of plate plus frame required for an electrical companyConsideration sizeApproximately amounting...

Lupin Limited Receives U.S. FDA Approval for Dapagliflozin Tablets Global pharmaceutical major Lupin Limited announced that it has secured approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Dapagliflozin Tablets, available in 5 mg and 10 mg strengths.The U.S. FDA has approved Lupin's Dapagliflozin Tablets, 5 mg and 10 mg, noting that they are bioequivalent to Farxiga® for the indications specified in the approved labeling.Lupin Limited, headquartered in Mumbai, India, operates as a global pharmaceutical leader with products distributed across over 100 markets. The company specializes in a diverse range of pharmaceutical products, including branded and generic...

Suryoday Small Finance Bank Appoints Aniket Vishwas Sapre as Chief Products Officer & Head Customer Experience Suryoday Small Finance Bank Limited announced the appointment of Mr. Aniket Vishwas Sapre to key leadership roles within the bank, effective April 07, 2026. Mr. Sapre has been appointed as the Chief Products Officer & Head Customer Experience of the Bank.The appointment details highlight Mr. Sapre's extensive background in the financial sector. He brings over 20 years of experience in retail banking and product management, possessing deep expertise in digital banking, liability products, and customer experience. His professional experience includes tenures at prominent institutions such as Fino Payments Bank, AU Small Finance...

Titan Company Reports Quarterly Gains in Q4 FY26 Across Key Consumer Segments Titan Company Limited reported its quarterly update for Q4 FY26, noting significant year-over-year growth across its consumer businesses. The company expanded its combined retail presence by adding 47 net stores, bringing the total store count to 3,603 stores as of March 26.The overall Consumer Businesses registered a growth of c.46% Year-over-Year (YoY) in Q4FY26.A breakdown of the store additions and performance across various segments for the quarter is detailed in the table below.BusinessesYoY Growth (%) (Q4FY26 v/s Q4FY25)Store Additions (#) Q4FY26 (net)Total Stores (#) (as of Mar '26)Domestic42%423,441Jewellery46%271,194Tanishq, Mia...

Dynamic Services & Security Limited to Acquire 100% Stake in Badrinath Infrastructure, Targeting Suncity Mall Dynamic Services & Security Limited has entered into a Share Purchase Agreement to acquire a 100% stake in Badrinath Infrastructure Private Limited (BIPL). This acquisition provides the company access to 'Suncity Mall', located at Barasat in Mouza Banmalipur, Dist North 24 Parganas, Kolkata, West Bengal- 700124.The 'Suncity Mall' property features a super built up area of 151643 sq. ft. and is situated on a 0.83 Acre lease hold land area. The enterprise value assigned to the mall is Rs. 64 Crore. BIPL was responsible for the construction of the entire mall and subsequently subleased the entire area to five associate companies...

Maruti Interior Products Ltd Approves Allotment of Rights Equity Shares The Rights Issue Committee of Maruti Interior Products Ltd approved the allotment of 4,53,00,000 Rights Equity Shares. This decision was made during a meeting held on April 07, 2026, concerning the Rights Issue detailed in the Letter of Offer dated March 11, 2026. The allotment was made on a rights basis to Eligible Equity Shareholders at an issue price of ₹ 10 per Rights Equity Share. The share premium included in the issue price was NIL.The approval of this rights issue modifies the paid-up equity share capital of the company. Before the Rights Issue, the paid-up share capital stood at 1,51,00,000 shares, with a face value of ₹ 10 per share, amounting to ₹...

PB Fintech Limited Reports Key Changes in Management at Subsidiary Policybazaar PB Fintech Limited announced significant changes in the key management personnel of Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of the company. These changes include the appointment of a new Chief Executive Officer and the resignation of the previous incumbent.On April 7, 2026, it was reported that the Insurance Regulatory and Development Authority of India (IRDAI) approved the appointment of Mr. Sajja Praveen Chowdary. Under this approval, Mr. Sajja Praveen Chowdary was appointed as the Principal Officer and Chief Executive Officer of Policybazaar Insurance Brokers Private Limited, effective from April 7, 2026. Consequently...

Bank of Baroda Announces Changes in Senior Management Personnel Bank of Baroda detailed the changes in its Senior Management Personnel (SMP) and Functional Heads, noting several appointments and designation changes across various roles. The updates include information regarding the individuals appointed, their respective designations, and the dates of these changes.The recent updates detail changes across eleven key roles, effective from April 7, 2026.The following table outlines the details of the management changes:Sr. No.Name of the SMPDetails of Change in ManagementDetails of Change in ManagementDetails of Change in ManagementDetails of Change in ManagementDetails of Change in ManagementDetails of Change in ManagementDetails...

Pakka Limited Board Approves Preferential Issue of Equity Shares and Warrants On April 7, 2026, the Board of Directors of Pakka Limited considered and approved plans for a preferential issue of securities. The decisions were made following a meeting held that day.The Board approved two main preferential allotments:First, the company approved the preferential issue of up to 27,20,000 Fully Paid-up Equity Shares. These shares have a face value of Rs.10 per share and an issue price of Rs.110, which includes a Security Premium of Rs.100. The aggregate value of this issue is up to Rs.29,92,00,000. These shares are slated for Non-Promoter, Public persons listed in Annexure-A, subject to shareholder approval.Second, the Board also...

Sammaan Capital Limited Announces Tender Offer for Senior Secured Social Bonds Sammaan Capital Limited announced the commencement of a Tender Offer for its outstanding U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030. The approval for this transaction came from the Securities Issuance and Investment Committee during a meeting held on April 7, 2026.The committee approved several aspects related to the offer, including the offer to purchase for cash an aggregate principal amount up to U.S.$45,000,000 of the Bonds. Furthermore, the committee sanctioned the issuance of the Tender Offer Memorandum, the entry into a dealer manager agreement dated April 7, 2026, an engagement letter with the Information and Tender agent also dated...

Akash Infra Projects Limited Approves Allotment of 40 Lakh Convertible Warrants Akash Infra Projects Limited announced that its Board of Directors, during a meeting held on April 7, 2026, approved the allotment of Convertible Warrants to allottees.The board approved the allotment of 40,00,000 (Forty Lakh) convertible warrants, each issued at an issue price of Rs. 40/- (Rupees Forty only). The total subscription amount required is Rs. 4,00,00,000/- (Rupees Four Crore only), equivalent to 25% of the Issue Price.The allotted securities will be in dematerialized form and are subject to a lock-in period as per ICDR Regulations. This allotment was made pursuant to a special resolution passed by the shareholders at the Extraordinary...

Prestige Estates Achieves Landmark FY26 Annual Pre-Sales Exceeding ₹30,000 Crore Bengaluru, April 7, 2026 – Prestige Estates Projects Limited, a prominent real estate developer in India, concluded Fiscal Year 2026 by reporting record annual pre-sales amounting to ₹30,024 Crores. This figure represents a substantial increase of 76% year-on-year.The company recorded pre-sales of ₹7,697 Crores in the fourth quarter alone, marking a 10% year-on-year growth for that quarter.The robust performance throughout FY26 was attributed to sustained customer demand for high-quality, well-located developments across key operational markets. Sales momentum was consistent across both new project launches and ongoing inventory, indicating resilient...