Markets

Desco Infratech Ltd Incorporates Wholly Owned Subsidiary in UAE's RAKEZ Desco Infratech Ltd has successfully incorporated a wholly owned subsidiary, DESCO GLOBAL FZ LLC, within the Ras Al Khaimah Economic Zone (RAKEZ) in the United Arab Emirates. The subsidiary's incorporation marks a strategic move by the company to expand its international business presence and explore opportunities in overseas markets, specifically within the UAE. Market trend analysisThe incorporation of DESCO GLOBAL FZ LLC was finalized on March 25, 2026. The company obtained the Certificate of Incorporation from the Ras Al Khaimah Economic Zone Authority, Government of Ras Al Khaimah, on the same date.DESCO GLOBAL FZ LLC is registered in the Ras Al Khaimah...

Aurobindo Pharma Transfers Domestic Branded Generic Formulations Business to Subsidiary Auropharm Limited Aurobindo Pharma Ltd announced that its Board of Directors approved the transfer of its domestic branded generic pharmaceutical formulations products business to Auropharm Limited, a wholly owned subsidiary of the Company. This transaction, structured as a business transfer agreement on a going concern basis, is part of Aurobindo Pharma's strategy to streamline and accelerate its domestic operations for faster growth.The Business Transfer Agreement (BTA) for the transfer of the domestic branded generic pharmaceutical formulations products business was executed on April 6, 2026.Key financial details regarding the unit being...

Aurobindo Pharma Board Approves Buyback of Equity Shares Up To INR 800 Crores On April 6, 2026, the Board of Directors of Aurobindo Pharma Limited approved a buyback of equity shares. The company approved the repurchase of up to 54,23,728 fully paid-up equity shares, each with a face value of INR 1.This buyback represents up to 0.93% of the total paid-up equity share capital of the company. The transaction is set at a Buyback Price of INR 1,475 per Equity Share, payable in cash. The aggregate Buyback Size approved is up to INR 800,00,00,000 (Indian Rupees eight hundred crores only).The Buyback Size represents 3.93% of the aggregate of the total paid-up equity share capital and 2.62% of free reserves (including securities premium)...

Global oil prices surged past the $110 mark following renewed threats from US President Donald Trump concerning the blockade of the Strait of Hormuz. However, the expected dramatic rise in crude oil prices was partially limited by the output-increase decision made by the Organization of Petroleum Exporting Countries (OPEC) and its allies. This significant spike in energy costs heightens both the import and inflation risks for India.Trump’s Threats Fueling Crude Price Spike Oil rose higher after the US President threatened potential strikes on Iran's power and other infrastructure if Tehran does not revoke the blockade on the critical Strait of Hormuz by the following Tuesday.Concerns of further escalation immediately lifted oil...

Trent Limited Reports Q4 FY26 and Full Year FY26 Revenue and Store Count Update Trent Limited reported updates for its standalone revenue from operations and store count for the fourth quarter of fiscal year 2026 (Q4 FY26) and the full fiscal year 2026 (FY26).The company's standalone revenue from operations, excluding GST, showed growth across both the quarter and the year. During Q4 FY26, revenue reached 4,937 Rs. Crs., representing a 20% Year over Year (YoY) growth compared to 4,106 Rs. Crs. in Q4 FY25. For the full fiscal year 2026, the revenue was 19,701 Rs. Crs., demonstrating an 18% YoY growth over the 16,668 Rs. Crs. recorded in FY25.Revenue from the sale of merchandise, excluding other operating income, grew by 21% during...

Poonawalla Fincorp Reports Assets Under Management of ₹ 60,325 crore for Quarter Ended March 31, 2026 Poonawalla Fincorp Ltd reported key financial metrics for the quarter ended March 31, 2026. The company provided details regarding its Assets Under Management (AUM) and liquidity position.As of March 31, 2026, Poonawalla Fincorp Ltd reported substantial figures across its core financial indicators.MetricAmount (as of March 31, 2026)Assets Under Management (AUM)₹ 60,325 croreLiquidity₹ 7,550 croreThe company stated that it maintains a focus on its risk first approach, supported by robust risk management systems and a diversified asset base. Management indicated that the commitment remains on business expansion, aligning...

Smartworks Expands Multi-City Managed Office Portfolio with Global CX Leader Smartworks Coworking Spaces Limited announced the expansion of its multi-city managed office engagement with a Forbes 2000 global leader in digital business services and customer experience (CX) management. The addition bolsters the client's presence across four major metropolitan areas, bringing the overall seat count to exceed 5,000 seats.The expansion includes 1,150 seats at Smartworks' managed campus located at Tata Intellion Park in Navi Mumbai. With this addition, the client portfolio now spans Bengaluru, Kolkata, Hyderabad, and Mumbai.The combined expected rental revenue from these locations is estimated to exceed INR 155 Cr. This figure incorporates...

Asian Stock Market Holiday on April 6, 2026: China, Hong Kong, Taiwan Shut for Festivals Several major stock markets across Asia remain closed on Monday, April 6, 2026, due to regional holidays, leading to reduced trading activity across the region.Key Asian Markets Closed Today Stock exchanges in China, Hong Kong, Taiwan, and Thailand are shut for trading on account of local festivals. The Chinese and Hong Kong markets are closed for the Qingming Festival, while Taiwan is observing the tomb-sweeping holiday.Markets in Australia and New Zealand are also closed due to Easter, further limiting participation across Asia-Pacific markets.Markets That Remain Open Japan and South Korea are among the key markets that remain open on Monday...

Indian Stock Market Today: GIFT Nifty Signals Weak Start Amid US-Iran Tensions, Rising Oil Prices Market Opening Outlook The Indian stock market is poised for a negative start on Monday, with benchmark indices Sensex and Nifty 50 expected to open lower. GIFT Nifty was trading around the 22,635 level, reflecting a discount of nearly 132 points compared to the previous close of Nifty futures, indicating subdued sentiment at the opening bell.Global Cues Weigh on Sentiment Investor sentiment remains cautious as markets react to ongoing developments in the US-Iran war. Rising crude oil prices continue to act as a key concern, adding pressure on global and domestic equities.Asian markets traded higher, while the US stock market ended on a...

IEX Reports Record Electricity Volumes in FY'26, Q4FY'26, and March'26 Trading Updates Indian Energy Exchange Limited reported achieving historic trading volumes across several energy segments for the fiscal year 2026 (FY'26), the fourth quarter of FY'26 (Q4FY'26), and the month of March 2026. The exchange noted that despite an overall increase in the country's energy consumption to 149.56 BUs in March '26, power exchange prices remained lower year over year due to heightened supply liquidity on the platform.In FY'26, IEX recorded the highest ever traded electricity volume of 141 BU, marking a 17% year-on-year (YoY) increase. The Real-Time Market (RTM) also showed significant growth, achieving a 41% YoY increase.Annual Performance...

Wipro to Acquire 100% Stake in Mindsprint Pte. Ltd. Wipro Ltd has entered into a definitive agreement to acquire 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries. The agreement was signed on April 5, 2026.The acquisition is part of Wipro’s strategy, which includes a multi-year strategic transformation deal with Olam Group, a leading Food and Agri-business organization headquartered in Singapore. Olam Group, which is majority-owned by Temasek Holdings and employs nearly 40,000 people, has a stated value exceeding USD 50 Billion. This engagement spans eight years and is expected to surpass USD 1 Billion in contract value, with a committed spend of USD 800 Million. Under this broader partnership, Wipro will collaborate with...

Wipro Secures Multi-Year Transformation Deal with Olam Group; To Acquire Mindsprint Wipro Limited announced on April 6, 2026, that it has secured a multi-year strategic transformation agreement with Olam Group, a major food and agri-business entity. As part of this comprehensive engagement, Wipro will also acquire Olam Group's IT and digital services business, Mindsprint.Olam Group, headquartered in Singapore, is a leading US$ 50+ 1 Billion food and agri-business, employs nearly 40,000 people, and is majority owned by Temasek Holdings.The strategic engagement spans eight years and is projected to exceed a contract value of US$ 1 Billion, including a committed spend of US$ 800 Million. Wipro will deliver end-to-end transformation...

Aye Finance Reports FY26 Highlights Showing 27% AUM Growth and Asset Quality Improvements Aye Finance Limited, formerly known as Aye Finance Private Limited, released key business highlights for the quarter and year ended March 31, 2026. The company reported growth in its loan portfolio alongside improvements in asset quality metrics and collection efficiency across key operational areas.Loan Portfolio Growth For the fiscal year 2026 (FY26), the Assets Under Management (AUM) saw a 27% growth compared to FY25, reaching 7,044. Disbursements for FY26 grew by 20% over the previous year, totaling 5,169.The quarterly data provided shows consistent growth trends:ParticularsFY26FY25Annual GrowthQ4FY26Q3FY26QoQ Growth...

Asahi Songwon Colors Ltd Reports Resignation of Independent Director Asahi Songwon Colors Ltd announced the resignation of Mr. Sudhin Bhagwandas Choksey as a Non-Executive Independent Director. The change in the company's board composition was detailed in a statement issued on April 05, 2026.Mr. Sudhin Bhagwandas Choksey tendered his resignation on April 04, 2026, via email, which the company received on April 05, 2026, at 7.46 am IST. The stated reason for his departure was current time constraints. His resignation as Independent Director was effective from the close of business hours on April 04, 2026.The details regarding the resignation are presented in the following summary:SI No.ParticularsInformation with regard to...

Gold Rate Today: Prices Fall 7% Amid US-Iran War; Should Investors Consider Buying? Gold Prices Under Pressure Despite Geopolitical Tensions Gold prices remain volatile as the ongoing US-Iran war continues to influence global markets. Traditionally viewed as a safe-haven asset, gold has declined nearly 7% since February 28, even as geopolitical tensions persist. This shift reflects a growing investor preference for the US dollar over bullion during the current crisis.For the week, gold managed a modest gain of around 2.2%. However, the upside remained limited as crude oil prices surged more than 10%, intensifying inflation concerns and weakening gold’s traditional appeal, according to Sugandha Sachdeva, Founder of SS WealthStreet...

Persistent Systems, a global IT company specializing in software products and technology services, is rated a 'BUY' by HDFC Securities. The analysis provides specific entry bands and target valuations for investors to consider.According to the research, investors can initiate positions in the Rs 5170-5280 band and add on dips within the Rs 4650-4740 band. Analysts project the base case fair value of the stock to be Rs 5600, while the bull case fair value is set at Rs 5950 over the next four quarters.Financial Performance Overview The company reported strong financial results in Q3FY26. Consolidated revenue grew 23.4% year-over-year (YoY) to Rs 3,778 crore in Q3FY26, with revenue in USD terms up by 17.3% YoY to US$ 422.5 mn.Key...

Axis Bank Reports Key Financial Metrics for March 31, 2026 Axis Bank Limited released key financial metrics as of March 31, 2026, providing insights into the bank's asset growth and deposit levels compared to previous periods. The data outlines the performance of Gross Advances and Total Deposits across year-end balances and quarterly averages.The bank's performance data, specifically key figures in ₹ billion, is summarized below:Key figures ( ₹ billion)As on 31-Mar-26As on 31-Dec-25As on 31-Mar-25QoQ Growth %YoY Growth %Gross Advances (End balance)12,44211,70510,5116.3%18.4%Total Deposits (End balance)13,35812,60811,7306.0%13.9%CASA (End balance)5,2894,9314,7827.3%10.6%Term Deposits (End...

Godavari Biorefineries Achieves Record Sugarcane Crushing at Sameerwadi Unit Godavari Biorefineries Limited announced that it has achieved a record crushing milestone during the ongoing 25-26 crushing session at its Sameerwadi unit. The company reported attaining a total crushing capacity of 2.5 million tonnes to date.This figure represents the highest crushing achievement in the history of the company within a single crushing session.The crushing session is scheduled to conclude on April 7, 2026.Stock Price Movement Godavari Biorefineries Limited shares on Thursday closed at 312.15, posting a decline of 2.1 points, or -0.67%, compared to its previous close. The equity traded between a low of 305.8 and a high of 314.5, staying...

Gopal Iron & Steels Announces Outcomes of Shareholder Postal Ballot and E-Voting Gopal Iron & Steels Company Gujarat Ltd announced the results of shareholder resolutions passed via Postal Ballot and E-voting on April 5, 2026. The voting process covered multiple corporate actions, including changes to the company's foundational documents and board appointments.The shareholder vote addressed several key resolutions. Among the resolutions passed were proposals to adopt a new Memorandum of Association (MOA) and Articles of Association (AOA) in accordance with the Companies Act, 2013, along with the alteration of the company's Main Object Clause in the MOA. Furthermore, shareholders voted on changing the name of the Company and the...

Motisons Jewellers Announces Lapse of 82,70,000 Warrants Motisons Jewellers Limited reported that a total of 82,70,000 warrants have lapsed due to the non-exercise of conversion rights by certain warrant holders.The lapse occurred upon the expiration of the stipulated 18-month period from the warrant allotment date, which was October 05, 2024. Consequently, the amount previously received against these lapsed warrants stands forfeited.Previously, the company had allotted warrants that were convertible into, or exchangeable for, one equity share of face value of Rs. 10/- each. The initial issuance structure involved a warrant subscription price of Rs. 42.50 per warrant and a warrant exercise price of Rs. 127.50 per warrant, making the...