Markets

Enviro Infra Engineers Ltd. Secures INR 1481 Crores in Projects, Expands into Renewable Energy and BESS Segment New Delhi, April 2, 2026 – Enviro Infra Engineers Limited (EIEL), a leading infrastructure company specializing in water and waste-water treatment solutions, announced the securing of five significant projects during March 2026, valued at a combined INR 1,481 Crores. This marks a strong conclusion to the financial year and strengthens the company's growth momentum.A key development is EIEL’s entry into the Battery Energy Storage System (BESS) segment within the renewable energy sector, with projects totaling INR 1,070 Crores awarded by NTPC Limited. These projects represent a significant scale-up for the company and...

Markets Crash Nearly 2%: Sensex Slides 1,400 Points, Nifty Near 22,250 Amid Rising Global Tensions Benchmark Indices Open Sharply Lower Indian equity markets witness a sharp selloff on Thursday, April 2, with benchmark indices Sensex and Nifty opening deep in the red following escalating geopolitical tensions.At 09:16 am, the Sensex declines 1,385.82 points or 1.89% to 71,748.50, while the Nifty falls 426.40 points or 1.88% to 22,253.00. Market breadth remains weak as 566 stocks advance, 1,823 decline, and 130 remain unchanged.Both indices are now significantly below their lifetime highs, with the Nifty and Sensex down 16% and 17% respectively.Sectorally, all 16 major sectors trade in negative territory. Heavyweight banking and...

Imagicaaworld Entertainment Enters Operation and Management Agreement for Shankus Water Park Imagicaaworld Entertainment Limited announced an agreement with Keshav Holiday Resort Private Limited (KHRPL) to manage and operate the Shankus Water Park in Ahmedabad, Gujarat, effective April 1, 2026.Under the agreement, Imagicaaworld Entertainment will provide operation and management services for KHRPL's Water Park. Imagicaaworld Entertainment will be entitled to receive management fees linked to pre-agreed milestones.The arrangement will allow Imagicaaworld Entertainment to expand its brand reach to new geographies and leverage its intellectual property, marketing capabilities, and operational expertise. The company expects the...

Dhanlaxmi Bank Reports Strong Business Growth for Fiscal Year 2026 Dhanlaxmi Bank Limited announced business updates for the year ended March 31, 2026, demonstrating substantial growth across key areas. Total business reached ₹33,773 crore, reflecting a year-over-year increase of 19.68% compared to ₹28,219 crore in the previous fiscal year.Total deposits grew to ₹18,643 crore, up 16.42% from ₹16,013 crore a year earlier. The bank’s CASA (Current Account Savings Account) also saw a significant increase, reaching ₹5,380 crore, a rise of 15.77% year-on-year.Gross advances surged to ₹15,130 crore, indicating a robust 23.96% growth compared to ₹12,206 crore in the prior year. Notably, Gold Loan disbursements experienced a particularly...

Gold, Silver Prices Today April 2: Check Latest Rates in Mumbai, Delhi, Chennai, Kolkata, Bengaluru Gold and silver prices in India continued their upward trajectory on Thursday, with southern cities leading the price charts. Chennai recorded the highest gold and silver rates among major metros, reflecting a strong nationwide rally in precious metals.The rise in bullion prices comes alongside recent government measures to curb imports of gold, platinum, and silver jewellery, aimed at preventing misuse of free trade agreements.Gold Price Today in India The gold rate in India stood at Rs 1,53,470 per 10 grams on April 2, according to bullion market data.Among major cities, Chennai reported the highest gold price at Rs 1,53,640 per...

Gold Prices Fall as Trump’s Iran War Remarks Cloud Market Direction Bullion Slips After Lack of Clear Resolution Signals Gold prices declined sharply after US President Donald Trump’s latest address failed to provide clarity on the resolution of the ongoing Middle East conflict. The uncertainty surrounding the Iran war weighed on bullion, reversing earlier gains during the session.Gold Reverses Gains Amid Escalating War Signals Bullion dropped as much as 2.3% after initially rising, as Trump indicated that while the conflict was nearing completion, the US would strike Iran “extremely hard” over the next two to three weeks. In his primetime speech, he also noted that military objectives were close to being achieved, while urging...

Indian equities are set for a weak start on April 2, with GIFT Nifty indicating a sharp gap-down opening after global tensions intensified. Rising crude oil prices and geopolitical uncertainty are likely to keep markets volatile through the session.GIFT Nifty Drops Over 500 Points After Trump’s Warning The GIFT Nifty, a key early indicator of the Nifty 50, fell more than 500 points to 22,318, compared to the previous close of 22,679.40. The decline follows a strong statement from US President Donald Trump, who signaled further military action against Iran in the coming weeks. He said the United States would escalate strikes if Iran does not agree to terms, adding that critical infrastructure could be targeted.Crude Oil Prices Surge...

US Stock Futures Fall as Trump Signals Prolonged Iran War; Dow, Nasdaq Futures Drop Up to 1% Futures Decline After Escalation Signals from White House US stock futures moved lower after President Donald Trump indicated that the ongoing conflict with Iran could extend for several more weeks, weighing on investor sentiment.Futures linked to the Dow Jones Industrial Average dropped 352 points, or approximately 0.8%. S&P 500 futures also declined 0.8%, while Nasdaq 100 futures recorded a sharper fall of 1%.Trump Warns of Intensified Military Action In a televised address, President Trump outlined the latest developments in the Iran conflict, signaling a more aggressive military stance in the near term. He stated that the United States...

Asian Markets Reverse Gains as Nikkei, Kospi Slide Up to 3% After Trump’s Iran War Remarks Asian Markets Today Asian markets surrendered early gains on Thursday, April 2, as investor sentiment weakened following US President Donald Trump’s latest address on the ongoing Iran war. The speech heightened geopolitical concerns, triggering a broad sell-off across key regional indices.Japan’s Nikkei 225 declined 1.4% after the address, while the broader Topix index slipped 0.94%. In South Korea, the Kospi dropped sharply by 2.82%, and the small-cap Kosdaq fell 3%, reflecting risk-off sentiment among investors.Australia’s S&P/ASX 200, which had opened on a positive note, reversed course to trade 0.48% lower. In Hong Kong, the Hang Seng...

JTL Industries Reports Record Sales Volume in Q4 FY26 Chandigarh, April 2, 2026 – JTL Industries Limited (BSE: 534600 | NSE: JTLIND), a leading manufacturer of structural steel tubes, announced its business performance for Q4 FY26 and FY26.The company achieved its highest-ever quarterly sales volume of 1,23,262 MT in Q4 FY26, surpassing 81,885 MT in Q4 FY25 and 90,429 MT in Q3 FY26, reflecting a 50.5% year-over-year (YoY) and 36.3% quarter-over-quarter (QoQ) growth. This strong performance was driven by robust demand and improved capacity utilization.Export sales in Q4 FY26 reached 11,785 MT, compared to 6,841 MT in Q4 FY25 and 9,592 MT in Q3 FY26, registering a 72.2% YoY and 22.9% QoQ growth. Exports contributed 10.6% to total...

APL Apollo Tubes Ltd. Approves Stock Appreciation Right Units for Employees APL Apollo Tubes Limited announced the approval of 30,00,000 Stock Appreciation Right (SAR) units to eligible employees under its Stock Appreciation Rights Scheme - 2019. The Nomination and Remuneration Committee approved the grant on April 1, 2026.The exercise price per SAR unit was determined at ₹1937. The SAR units will vest and can be exercised within 1 year from the date of last vesting. The total number of shares to be allotted upon exercise of these SAR units will be determined by the appreciation per SAR unit multiplied by the number of SAR units exercised, divided by the market price at the time of exercise. The scheme is administered by the...

Shriram Pistons & Rings Announces Reorganization of Riken Corporation New Delhi – Shriram Pistons & Rings Ltd. announced April 1, 2026, that a reorganization of its technical collaborator, Riken Corporation, a Japanese entity holding 21.30% equity in the company, has become effective.Under the reorganization, Riken Corporation has been renamed NPR-RIKEN Nigata Corporation. Certain business divisions and contractual rights/obligations of Riken Corporation have been transferred to NPR-RIKEN Corporation under Japanese law.The company confirmed that all existing Technical Assistance Agreements and Technical Collaboration Agreements remain in effect, now succeeded by NPR-RIKEN Corporation. This ensures continuity of technical and...

Vedanta Limited Subsidiary Faces Environmental Compensation Order Vedanta Limited announced that its subsidiary, Talwandi Sabo Power Limited (TSPL), has received a direction from the Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM) regarding environmental compensation. The order, dated April 1, 2026, requires TSPL to deposit Rs. 33,02,56,800 for allegedly failing to achieve a minimum five percent blend of pellets or briquettes made of crop residue with coal during the fiscal year 2024-25.According to the CAQM’s direction, the penalty is imposed under Rule 3 of the Environment (Utilization of Crop Residue by Thermal Power Plant) Rules, 2023, read with Section 12 of the CAQM Act, 2021. TSPL...

Kesoram Industries Limited Receives Income Tax Assessment Order Kesoram Industries Limited announced receipt of an Income Tax Assessment Order under section 143(3) read with section 144B of the Income Tax Act, 1961. The order, received on March 31, 2026, from the Assessment Unit, Income Tax Department, pertains to Assessment Year 2024-25 and includes a demand of ₹70.54 Crores.The company reported that the tax authorities made additions and disallowed certain deductions claimed in the Income Tax Return for AY 2024-25.Kesoram Industries Limited believes the additions and disallowances are erroneous and maintains it has strong legal grounds to challenge the demand. As a result, the company does not anticipate a significant impact on...

Lemon Tree Hotels Expands Presence in Jammu & Kashmir with New Srinagar Hotel Lemon Tree Hotels Limited announced the signing of Keys Prima by Lemon Tree Hotels in Srinagar, Jammu & Kashmir, on April 1, 2026. The addition strengthens the company's regional presence, bringing the total number of Lemon Tree Hotels in the Jammu & Kashmir cluster to six, with four currently operational and two under development.The hotel, managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, will be strategically located 2 km from Srinagar International Airport and 11 km from Srinagar Railway Station.Keys Prima will feature 60 rooms, a restaurant, banquet hall, conference room, swimming pool, fitness...

Power Grid Corporation of India Limited Secures Transmission Project Through Competitive Bidding Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for a transmission system strengthening project in Karnataka. The project, awarded through a Tariff Based Competitive Bidding (TBCB) process, aims to facilitate the integration of additional renewable energy potential.The project, “Transmission System Strengthening at Tumkur-II for Integration of Additional RE Potential (2.7 GW),” will be developed on a Build, Own, Operate and Transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on April 1, 2026, following the bidding process.The scope of work includes the construction of a 400 kV...

Lamosaic India Limited Receives Administrative Warning Letter from SEBI Lamosaic India Limited received an administrative warning letter from the Securities and Exchange Board of India (SEBI) on April 1, 2026, via email. The warning relates to delayed compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The SEBI’s warning stemmed from Lamosaic India Limited’s delayed disclosure regarding a search and seizure conducted by the Directorate General of Goods and Services Tax Intelligence (DGG) on April 9, 2025. The company was required to disclose this information by April 10, 2025, but initially filed the disclosure on April 24, 2025, with a 14-day delay. A complete...

Sattrix Information Security Ltd. Receives Letter of Intent from Public Sector Bank Sattrix Information Security Ltd. announced it has received a Letter of Intent (LoI) from a leading Public Sector Bank of India. The LoI is for the engagement of the company as a Managed Security Service Provider (MSSP).The contract entails the supply of cybersecurity services for a period of three years with a total value of Rs. 9,30,00,000 (Rupees Nine Crore Thirty Lakhs only), excluding applicable taxes.The table below outlines key details of the agreement:SR. No.ParticularsDetails1Entity Awarding OrderLeading Public Sector Bank of India2Terms and ConditionsSupply of Cybersecurity Services as Managed Security Service Provider (MSSP)...

JTL Industries Subsidiary Renamed to JTL Defence Limited, Adopts New Logo JTL Industries Limited announced on April 2, 2026, a change in the name of one of its subsidiary companies. Following approval from the Ministry of Corporate Affairs, RCI Industries & Technologies Limited has been renamed to JTL Defence Limited, effective April 1, 2026.The company also reported that JTL Defence Limited has formally adopted a new official logo.This change reflects an evolution in the subsidiary's identity.Source:

Shree Cement Limited Receives Draft Assessment Order Shree Cement Limited announced today, April 2, 2026, that it received a draft Assessment Order under section 144C (1) of the Income Tax Act, 1961, pertaining to fiscal year 2022-23. The order was received from the Assistant Commissioner of Income Tax, Central Circle, Ajmer, on March 31, 2026.The draft assessment order proposes disallowances and additions to the returned income, potentially leading to a demand of approximately Rs. 149 Crs (excluding interest), which will be adjusted against pending refunds due to the company.According to Shree Cement Limited, the company, in consultation with its legal counsel, believes the disallowances are not sustainable and will file objections...