Markets

Shriram Finance Allots Equity Shares to MUFG Bank Ltd Through Preferential Issue Shriram Finance Ltd has approved the allotment of Equity Shares to MUFG Bank Ltd through a preferential issue on a private placement basis. The approval was granted by the Company's Board of Directors during a meeting held on April 8, 2026.The Board approved the issuance of 47,11,21,055 fully paid-up Equity Shares. These shares have a face value of Rs.2/- each and were allotted at an issue price of Rs.840.93 per equity share. The allotment includes a premium of Rs.838.93 per equity share.The total aggregate consideration for this preferential issue amounts to Rs.3,96,17,98,28,781.15.The allotted Equity Shares to MUFG Bank Ltd shall rank paripassu with...

ixigo and ConfirmTkt Partner with Swiggy for On-Train Food Delivery Service ixigo Trains and ConfirmTkt, which operate as India's leading AI-based train ticketing platforms, have established a partnership with Swiggy, India's on-demand convenience platform. This collaboration introduces a 'Food on Train' service, integrating Swiggy's extensive restaurant network into the ixigo and ConfirmTkt applications.The service aims to address the convenience needs of "on-the-move" travelers by offering a seamless way to order meals directly to the train seats.Through this integration, travelers can access curated menus and order fresh, hygienic meals from over 40,000 trusted restaurant partners located across more than 160 railway stations in...

Vinyas Innovative Technologies Signs Five-Year Long-Term Agreement with HAL Korwa Vinyas Innovative Technologies Limited has finalized a Long-Term Agreement (LTA) with Hindustan Aeronautics Limited (HAL) Korwa. The agreement pertains to the supply of Electronic systems for HUD and IFFU systems, spanning a period of five years.VINYAS Stock Price Movement Shares of Vinyas Innovative Technologies Limited are edging higher to ₹898.95 as of 10:25 AM today, jumping 4.10% in live trading. The stock is trading within an intraday range, reaching a high of ₹920.45 while 1,400 shares have traded so far.Source:

Hyundai Motor India Ltd Plans Price Increase Up to 1% Starting May 2026 Hyundai Motor India Ltd announced plans to increase the prices of its car portfolio by up to 1%, effective May 2026. The company attributed this price revision to various cost escalations affecting its operations.The price adjustment across the car portfolio will not be uniform, as the quantum of the increase will vary depending on the specific models and variants.Hyundai Motor India stated that its efforts have consistently been aimed at absorbing rising costs to shield customers from price fluctuations. However, the escalating input costs have necessitated passing on a portion of this impact through the marginal price revision.HYUNDAI Stock Price Movement...

Vidya Wires Limited Announces Consolidated Sales Numbers for Q4 FY26 and FY26 Vidya Wires Limited, a manufacturer of winding and conductivity products, announced its consolidated sales figures for the fourth quarter and the full financial year ending March 31, 2026. The results mark a significant period for the group, particularly following the start of commercial production at its wholly-owned subsidiary, ALCU Industries Private Limited.Consolidated Sales Performance The company reported its sales numbers for the quarter and full financial year. The financial data for sales, presented in ₹ million, is detailed in the table below:ParticularsQ-4 (FY26)Q-4 (FY25)FY 2026FY 2025QoQ GrowthYoY Growth...

CARE Ratings Reaffirms Nahar Polyfilms Ltd's Credit Rating Nahar Polyfilms Ltd has received reaffirmation of its credit rating from CARE Ratings. The rating, detailed in a communication dated April 7, 2026, pertains to the company's various financial facilities.The reaffirmed ratings for Nahar Polyfilms Ltd are as follows:Facilities/InstrumentsAmount (Rs.in)RatingLong Term Bank Facilities545.00 (Enhanced from 160.16)CARE A; Stable (Single A)Short Term Bank Facilities12.00CARE Ai (A One)This confirmation provides insight into the company's borrowing facilities structure.NAHARPOLY Stock Price Movement Shares of Nahar Poly Films Limited are surging by 5.21% as of 9:56 AM, climbing to ₹242.19 in live trading. The stock is...

Zydus Lifesciences Secures Final USFDA Approval for Dapagliflozin Tablets Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) for Dapagliflozin Tablets in strengths of 5 mg and 10 mg. The drug, which is a sodium-glucose cotransporter 2 (SGLT2) inhibitor, is indicated as an adjunct to diet and exercise to improve glycaemic control in adults with type 2 diabetes mellitus.With this significant achievement, Zydus is now eligible for 180 days of shared generic drug exclusivity for Dapagliflozin Tablets, 5 mg and 10 mg.Dapagliflozin tablets will be manufactured at the group's formulation manufacturing facility located at SEZ, Ahmedabad. The market potential for this drug...

TechEra Engineering (India) Limited, formerly TechEra Engineering India Pvt. Ltd., has received a commercial order from a private entity. The contract involves the design, manufacture, installation, commissioning, and first-off proving of precision aerospace composite layup tools, intended to cover the complete aircraft structural surface.The order details indicate that the contract is domestic and was awarded by a private entity. The significant terms and conditions involve the specialized scope of work mentioned above.The consideration for the order, excluding GST, is reported as ₹ 4,87,35,000.00. This figure corresponds to Four Crore Eighty-Seven Lakh Thirty-Five Thousand only.The execution period for this contract is set by...

TVS Motor Launches Armado 200 Three-Wheeler Built for Indonesian Commercial Terrain JAKARTA, April 8, 2026: TVS Motor Company, a global manufacturer of two and three-wheeler vehicles, launched the TVS Armado 200, a three-wheeler designed for the growing commercial and logistics sectors in Indonesia.Engineered to meet the demands of Indonesia's commercial landscape, the TVS Armado 200 is powered by a 197.75 cc oil-cooled engine, intended for sustained operation in high-demand commercial applications. The vehicle features a cargo bed measuring 2,070 x 1,310 x 670 mm and boasts a payload capacity of up to 840 kg, positioning it for various business operations.TVS Motor Company, through its President of International Business, Peyman...

Mumbai, April 8, 2026 (Wednesday) — Indian equity benchmarks staged a sharp relief rally in early trade, with the BSE Sensex soaring nearly 2,800 points (around 4%) to 77,392 and the NSE Nifty 50 climbing over 800 points (3.5%) to 23,939, as easing geopolitical tensions and a sharp fall in crude oil prices triggered broad-based buying. The rally added approximately ₹14 lakh crore to investor wealth within minutes, with the total market capitalisation of BSE-listed companies rising from ₹429 lakh crore to ₹443 lakh crore. Market SnapshotIndexPrevious CloseIntraday HighChange% ChangeSensex~74,60077,392+2,800~3.8%Nifty 50~23,10023,939+800~3.5%Midcap and smallcap indices also participated in the rally, gaining around 3%...

Indian stock market benchmarks Sensex and Nifty are poised for a strong gap-up opening on Wednesday, supported by improving global cues after the United States and Iran agreed to a temporary ceasefire. The development has eased geopolitical tensions and triggered a broad-based rally across global equities.GIFT Nifty Signals Strong Gap-Up Opening Early indicators suggest a powerful start for domestic markets. GIFT Nifty has surged over 800 points, or around 3.5 percent, to near the 23,900 mark. This points to a sharp rebound in frontline indices, extending the momentum after four consecutive sessions of gains.Global Markets Rally on Improved Risk Sentiment The ceasefire announcement has significantly improved investor sentiment...

Avio Smart Market Stack Acquires Stake in Huwel Lifesciences for Operational Synergy Avio Smart Market Stack Limited, formerly Bartronics India Limited, has announced a further investment in Huwel Lifesciences Private Limited. The company's latest transaction involves an investment amounting to INR 4,00,00,000/- (Indian Rupees Four Crore Only) in Huwel.Through this investment, Avio Smart Market Stack will acquire 5,154 equity shares of Huwel at a price of INR 7760/- per share. This acquisition represents 1.11% of the paid-up equity share capital of Huwel.The acquisition targets operational and financial synergies between the two entities. Huwel Lifesciences Private Limited is a private company engaged in the development...

EaseMyTrip Foundation Signs MoU with Delhi PWD for Urban Enhancement of Key Flyovers The EaseMyTrip Foundation has formalized a partnership with the Public Works Department (PWD), Government of Delhi, through a Memorandum of Understanding (MoU). This collaboration marks a significant effort towards enhancing urban infrastructure and promoting sustainable city development in the national capital.As part of this strategic agreement, the EaseMyTrip Foundation will assume responsibility for the adoption, upkeep, and aesthetic improvement of two major flyovers: the Mayur Vihar Phase 1 Flyover and the Apsara Flyover.The MoU signing ceremony saw the presence of dignitaries, including Smt. Rekha Gupta, the Hon'ble Chief Minister of Delhi...

Satin Creditcare Network Reports Business Update for Q4 and 12M FY26 Satin Creditcare Network Limited has released its business update for the fourth quarter and twelve months ending in the financial year 2026, detailing key performance metrics across its operations.The company reported that its Assets Under Management (AUM) grew by 19% year over year (YoY) to reach ₹ 15,275 crores on a consolidated basis as of March 31, 2026, attributed to an increase in disbursements. Disbursements for the fiscal year 2026 grew by 17% YoY to ₹ 12,516 crores on a consolidated basis, a growth supported by improved operational efficiency.During the financial year, Satin Creditcare Network added 739,501 new borrowers, with 246,281 new borrowers added...

Tejas Networks Wins Golden Peacock Award for WavePlexus™ RAN Portfolio Tejas Networks, listed on the BSE and NSE, announced that it has secured the Golden Peacock Innovative Product/Service Award (GPIPSA) for its WavePlexus™ portfolio of Radio Access Network (RAN) products. The award recognizes excellence in corporate innovation and governance, as administered by the Institute of Directors. The company was also certified for meeting the rigorous benchmarks of the Golden Peacock Excellence Model, indicating a commitment to sustainability-driven excellence.The recognition was granted by a jury chaired by Hon'ble Justice Uday U. Lalit, former Chief Justice of India, alongside other distinguished jury members from various fields. The...

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...