Markets

Ola Electric Cuts Roadster 9.1 Price by ₹60,000 as 4680 Bharat Cell Production Scales; Moves to Limited Purchase Windows Amid Strong Demand Ola Electric today announced a price reduction for its Roadster X+ 9.1 kWh electric motorcycle, powered by its 4680 Bharat Cell. The price reduction, enabled by rapid economies of scale at its Gigafactory and vertical integration of its domestically developed 4680 Bharat Cell, lowers the Roadster 9.1 kWh’s price to ₹ 1,29,999, down from ₹ 1,89,999.The company will transition to a limited purchase window model, with vehicles available in specific time-bound slots and limited quantities. The first purchase window will open on Friday, April 3, from 6:00 PM to 9:00 PM, with subsequent windows to be...

Lupin Completes Acquisition of VISUfarma Mumbai, London, Rome, Zug, April 2, 2026 – Lupin Limited announced the completion of its acquisition of VISUfarma B.V. (VISUfarma) from GHO Capital Partners LLP (GHO). The acquisition expands Lupin's specialty care portfolio and strengthens its presence in Europe.The integration of VISUfarma has expanded Lupin's ophthalmology portfolio to over 60 branded products spanning dry eye, glaucoma, eyelid hygiene, blepharitis, retinal health, and specialty nutraceuticals. VISUfarma has a commercial footprint across key European markets, including Italy, the UK, Spain, Germany, and France.VISUfarma generated €53 million in revenue in 2025 across Italy, the UK, Spain, Germany, France, and certain...

Desco Infratech Ltd. Schedules Board Meeting on May 4, 2026 Desco Infratech Ltd. announced that a meeting of its Board of Directors will be held on Monday, May 4, 2026, at the company's registered office. The meeting agenda includes consideration and approval of the Standalone and Consolidated Audited Financial Statements for the year ended March 31, 2026, along with the Audited Standalone and Consolidated Financial Results for the half-year and year ended March 31, 2026. The Board will also review the Statement of Assets and Liabilities and Cash Flow Statement. Other matters may be discussed with the permission of the Chair.The company previously closed the trading window for securities on April 1, 2026, in accordance with its Code...

Ganesh Green Bharat Limited Receives Order for Rooftop Solar Project Ganesh Green Bharat Limited announced it has received a Notification of Award (NOA) from NTPC Vidyut Vyapar Nigam Limited for a 1500 KW rooftop solar project at GOA Shipyard. The order, dated April 1, 2026, is for an approximate amount of INR 6,15,27,165 inclusive of all duties and taxes.The contract encompasses three key components: supply of plant and equipment, provision of related services including inland transportation, installation, and testing, and comprehensive operation and maintenance for a period of ten years. The order references Rate Contract Bid Document No. NVVN/C&M/RE-303/2024-25 dated September 19, 2024.Here's a summary of the order details...

Advait Energy Transitions Limited Announces Winding Up of Subsidiary Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, announced the winding up and liquidation of its wholly-owned subsidiary, Advait Energy Holdings AS, domiciled in Norway, effective March 31, 2026.According to information released, Advait Energy Holdings AS contributed NoK 0.00 (equivalent to INR 0.00) in turnover and NoK (-)16.42 Lacs (equivalent to INR (-)134.77 Lacs) representing 0.67% of the company’s net worth for the fiscal year 2024-25. The company anticipates receiving NoK 7059 (less bank charges and applicable fees) upon closure of relevant bank accounts.The winding-up process did not involve the sale of assets and, therefore...

Astra Microwave Products Ltd. Receives Order Worth Rs. 250.58 Crores from Hindustan Aeronautics Limited Astra Microwave Products Ltd. announced on April 2, 2026, that its joint venture company, Astra Rafael Comsys Private Limited, has received an order from Hindustan Aeronautics Limited (HAL) for Rs. 250.58 crores (including taxes). The order, placed on April 1, 2026, is for the supply of Software Defined Radio (SDR) for HAL, Bangalore. Astra Microwave Products Ltd. will receive a portion of the business from this order through its joint venture.The order is to be executed within 18 months.a)Name of the entity awarding the order(s)/contract(s)Hindustan Aeronautics Limitedb)Significant terms and conditions of order(s)/contract(s)...

IRB Infrastructure Developers Limited Allots Bonus Equity Shares IRB Infrastructure Developers Limited announced the allotment of 603,90,00,000 bonus equity shares on April 2, 2026. The allotment follows previous announcements made on February 13, 2026, and March 23, 2026.The bonus shares are being issued in a ratio of one new share for every existing share held. Eligible shareholders were those registered in the company's records as of April 1, 2026. Each bonus share carries a face value of Re.1.Following the allotment, the company's paid-up share capital has increased to Rs.1,207,80,00,000, comprised of 1,207,80,00,000 equity shares of Re.1 each. The newly issued shares rank equally with existing shares.MetricAmountBonus...

Polyspin Exports Limited Receives Credit Rating Reaffirmation Polyspin Exports Limited, a 100% Export Oriented Unit (EOU), announced the reaffirmation of its credit ratings by CARE Ratings Limited on April 2, 2026. The ratings reflect the company’s operational and financial performance for the fiscal year ending March 31, 2025, and the nine-month period ending December 31, 2025.CARE Ratings reaffirmed the ratings for the company’s long-term and short-term bank facilities. The long-term facilities have been reaffirmed at CARE BB+; Stable, while the short-term facilities maintain a rating of CARE A4+. The amount of the long-term bank facilities has been enhanced from ₹13.50 crore to ₹24.35 crore, and the short-term bank facilities have...

Gallantt Ispat Ltd. Transfers Shares to Gallantt Trust Gallantt Ispat Ltd. announced that Madhu Agrawal, a promoter group shareholder, has transferred 20,174,917 equity shares to Gallantt Trust through an off-market transaction. The transfer occurred on March 31, 2026.This transfer was made following a March 20, 2026, order from the Securities and Exchange Board of India (SEBI) granting an exemption from certain regulations. The transaction results in Madhu Agrawal’s holding decreasing from 20,374,917 shares (8.444%) to 200,000 shares (0.083%). Simultaneously, Gallantt Trust’s holding increased to 14,48,90,556 shares (60.051%).The transfer is part of an internal reorganization within the promoter family and does not involve a change...

Omnitech Engineering Limited Updates Corporate Identification Number, Status Omnitech Engineering Limited announced a change to its Corporate Identification Number (CIN) on April 2, 2026. The CIN has been updated from ‘U26100GJ2021PLC124801’ to ‘L26100GJ2021PLC124801’, reflecting the company’s transition to a listed entity.The company’s registered office and factory are located at Plot No. 2500, Kranti Gate Main Road, GIDC Lodhika Ind Estate, Kalawadd Rd, Metoda, Rajkot, Gujarat, India, 360021.As of March 31, 2025, Omnitech Engineering Limited reported a paid-up capital of ₹61,83,30,100, with an authorized capital of ₹80,00,00,000. The company’s last Annual General Meeting (AGM) was held on September 30, 2025.The company's board...

Triton Valves Ltd. Allots Bonus Equity Shares Triton Valves Ltd. announced the allotment of 38,41,581 equity shares as fully paid-up bonus equity shares. The allotment occurred at a ratio of 3:1, distributing three shares for every one existing share. The record date for eligibility was April 1, 2026.The Board of Directors approved the decision at a meeting held on April 2, 2026, which lasted from 9:30 a.m. to 9:40 a.m. Following the allotment, the company's paid-up share capital has increased to INR 5,12,21,080, divided into 51,22,108 equity shares with a face value of INR 10 each.BSE Scrip Code: 505978Source:

Womancart Limited Launches 'Blluex Junnior' to Expand into Kids' Essentials Segment Womancart Limited has launched a new product line, ‘Blluex Junnior,’ under its in-house brand, marking the company's entry into the growing kids' utility and school essentials segment. This initiative reflects Womancart’s strategic focus on expanding its in-house brand portfolio and addressing high-frequency consumption categories.The move is designed to cater to the everyday needs of children while acknowledging the role women play in managing their children's daily requirements, allowing the company to better serve its core customer base.Product Offering The Blluex Junnior range includes a curated portfolio of essentials emphasizing functionality...

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...