Markets

Thomas Cook India and SOTC Travel Launch Unique Visa Rejection Cover for Travelers Thomas Cook (India) Limited and its group company, SOTC Travel, have introduced a unique and pioneering insurance solution, the Trip cancellation due to Visa Rejection Cover. The initiative aims to provide financial protection to travelers against non-recoverable losses stemming from visa rejections, positioning the companies as leaders in the Indian travel and travel insurance sector.The launch addresses a critical, long-standing customer concern: potential non-refundable losses when a visa application is denied. The specialized insurance product is underwritten by ICICI Lombard.Under the terms of this cover, if a customer's visa application...

J&K Home Dept Accelerates Digital Overhaul: PFMS e-Bill Training Boosts Financial Efficiency A major push toward digital governance was initiated in Srinagar this week. The Home Department, Jammu and Kashmir, inaugurated a specialized training program focused on the e-Bill module of the Public Financial Management System (PFMS).This critical training aims to elevate the standards of digital financial management among departmental officers. The session, held on Monday, equips employees with the necessary tools for a modernized administrative workflow.Enhancing Transparency through PFMS Implementation The training programme was formally inaugurated by Shakeel Maqbool, the Controller of Accounts for the J&K Home Department. Addressing...

Signature Green Corporation Ltd to Hold Board Meeting to Approve Merger with Arvind Foods Limited Signature Green Corporation Limited, formerly known as Sagar Soya Products Limited, has scheduled a Board of Directors meeting for Friday, April 24, 2026. The primary focus of the meeting is to consider and approve the draft Scheme of Merger by Absorption or Scheme of Amalgamation.The proposed merger involves Arvind Foods Limited, which is a wholly owned subsidiary of the Corporation. The scheme aims to amalgamate the companies with the participation of the respective shareholders and creditors. The transaction is structured under Sections 230 to 232 of the Companies Act, 2013.The Board meeting is slated to take place at the registered...

Bank of Maharashtra Surges Profit 35% on Interest Income Growth; Investors Eye CAR Dip State-owned Bank of Maharashtra reported a substantial net profit surge of 35 per cent for the quarter ending March 2026. The Pune-headquartered bank announced a net profit of Rs 2,014 crore for the January-March quarter, significantly higher than the Rs 1,493 crore recorded in the corresponding period last year.The filing indicated strong growth across the bank’s core revenue streams, demonstrating both operational expansion and improved efficiency metrics. Market analysts are focusing closely on the divergence between the robust profit growth and the reported decline in the Capital Adequacy Ratio (CAR).Robust Profit Growth and Income Drivers The...

Robust IPO Rally Defies Correction: India's Growth Story Nears Key Valuation Trough India’s primary market demonstrated remarkable resilience in FY26, with the Initial Public Offering (IPO) segment raising an impressive Rs 2,01,442 crore through 153 listings. This sustained listing activity occurred even as broader equity markets underwent a noticeable correction, according to a new market report. The robust performance signals continued strong investor appetite and deep confidence in the country’s long-term growth narrative.Macroeconomic Pillars Fueling Market Resilience The underlying macroeconomic fundamentals remain highly resilient, providing a solid bedrock for the market. Real GDP growth is projected to expand steadily at...

Franklin Leasing and Finance Ltd to Hold Board Meeting for Key Appointments Franklin Leasing and Finance Limited announced that its Board of Directors will convene a meeting on Friday, April 24, 2026. The board meeting is scheduled to take place at the Company's registered office.The primary agenda for the meeting includes several critical appointments aimed at strengthening the company's compliance and audit framework for the financial year 2026-27.During the meeting, the board will consider and approve the appointment of Mrs. Swati Vijay (Membership No. A71467) to serve as the Company Secretary and Compliance Officer, effective April 24, 2026.Furthermore, the meeting is set to approve the appointment of professional service...

India-Korea Mega Deal: Prime Minister Modi Announces $50 Billion Trade Target, Transforming Partnership New Delhi, April 20 - India-Korea relations witnessed a significant boost today in New Delhi, as Prime Minister Narendra Modi and South Korean President Lee Jae-myung delivered joint statements following the signing of several critical Memoranda of Understanding (MoUs). These agreements formalize a deepening strategic commitment, pivoting the long-standing partnership toward a futuristic framework.The exchange of agreements covered crucial sectors, signaling comprehensive cooperation across multiple fronts. Key MoUs were signed for Industrial Cooperation Committee, the Joint Declaration of Comprehensive Economic Partnership, and...

India-Germany Defence Pact to Boost Strategic Industries Amid High-Level Roadmap Signing India is set to deepen its strategic defence relationship with Germany as Defence Minister Rajnath Singh is scheduled to visit the German nation. The official trip is highly anticipated, marking efforts to further strengthen the long-standing defence partnership between the two nations. The visit is slated to take place from April 21 to April 23, 2026.The summit provides a crucial platform for policy discussions between the two countries' senior leadership. During the visit, Defence Minister Rajnath Singh will engage in bilateral talks with his German counterpart, Boris Pistorius, alongside other key government officials.Focus Areas for...

Afcons Infrastructure Ltd Certifies Utilization of Commercial Paper Proceeds for Q4 FY26 Afcons Infrastructure Ltd confirmed the utilization of proceeds generated from its Commercial Papers for the quarter ended March 31, 2026. The company issued the certification confirming that the funds raised have been utilized for the purpose that was originally disclosed.The company confirmed that the proceeds derived from the issue of Commercial Papers, bearing ISIN - INE101I14ET6, were fully utilized against the intended purpose during the quarter ending March 31, 2026.The utilization confirmation provides a record of the company's financial activity regarding the proceeds from its Commercial Papers issuance.AFCONS Stock Price Movement As...

Praj Industries Launches Advanced Precision Fermentation Lab to Advance India's BioE3 Vision Pune, India | April 20, 2026: Praj Industries today announced the establishment of an Advanced Precision Fermentation Lab at Praj Matrix. This new facility is set to drive next-generation biotechnology and accelerate India's transition toward high-performance, low-carbon biomanufacturing. Announced on the occasion of the 18th Praj Matrix Foundation Day, the initiative underscores Praj's commitment to advancing India's bioeconomy through cutting-edge innovation, skill development, and robust academia-industry collaboration.The new lab is intended to be a globally unique center focusing on high-capacity, AI-enabled precision fermentation and...

United Drilling Tools Ltd Secures INR 50.30 MN Order from ONGC for Integral Blade Stabilizers United Drilling Tools Ltd. (UDTL) announced on Monday, April 20, 2026, that it has secured a significant order from Oil and Natural Gas Corporation (ONGC) Limited. The contract is for the supply of Integral Blade Stabilizers and is valued at INR 50.30 MN.The deal comes from ONGC, one of India's key Public Sector Undertakings (PSUs) in the oil and gas sector.Under the terms of the agreement, UDTL will supply high-performance Integral Blade Stabilizers. These stabilizers are critical to drilling operations, as they are engineered to ensure superior directional control, minimize vibration, reduce tool wear, and enhance overall drilling...

India-South Korea Pact Set to Accelerate Growth After High-Level Summit Diplomatic Ties Underpin Economic Momentum New Delhi welcomed South Korean President Lee Jae-myung, accompanied by First Lady Kim Hea Kyung, on April 20. The visit signaled a major recommitment to the bilateral relationship, representing the first South Korean presidential state visit to India in over eight years.The high-level visit began with a ceremonial welcome at Rashtrapati Bhavan, attended by President Droupadi Murmu and Prime Minister Narendra Modi. The initial tributes paid to Mahatma Gandhi at Rajghat set a reflective, collaborative tone for the discussions that followed.Focus on Strategic Partnership and Trade Cooperation The core of the visit...

PNB Gilts Ltd Approves FY 2025-26 Results; Recommends Final Dividend of ₹ 2 Per Share PNB Gilts Limited announced the approval of its Audited Financial Results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the results during a meeting held on April 20, 2026.During the same meeting, the Board also recommended a final dividend of ₹ 2 per equity share of ₹ 10 each for the financial year 2025-26. This dividend is subject to the approval of the company's members at the ensuing Annual General Meeting.The company’s joint statutory auditors, M/s Raj Har Gopal & Co and M/s K Venkatachalam Aiyer & Co, confirmed the results by issuing an audit report dated April 20, 2026, with an unmodified opinion on...

Navkar Corporation Limited Announces Audited Financial Results and Board Approvals Navkar Corporation Limited held its Board of Directors meeting on April 20, 2026, and approved and took on record the audited financial results and annual reports for the quarter and financial year ended March 31, 2026. The Board also approved the appointment of a new internal auditor and released details regarding the company's status and management changes.The statutory auditors, M/s. Uttam Abuwala Ghosh & Associates, Chartered Accountants, issued the Audit Report for the financial year 2025-26 with an unmodified opinion.Key Board Decisions and Appointments During the meeting, the Board of Directors approved several key documents and personnel...

India's Energy Leap: PM Modi Unveils ₹79,450 Cr Greenfield Refinery, Bolstering Petrochemical Might In a major thrust towards energy independence, India is set to unveil a massive integrated refinery and petrochemical complex in Rajasthan. Prime Minister Narendra Modi is scheduled to dedicate the first greenfield facility of its kind at Pachpadra, Balotra, on April 21, 2026. The project is poised to be a transformative milestone for India's energy and petrochemical landscape.The complex represents a monumental strategic investment, marking significant progress in the nation's push for self-reliance in core industrial inputs. This development is crucial for ensuring stable domestic supply and driving downstream industrial growth.Mega...

STL Launches 'Neuralis' Data Center Portfolio in US, Engineered for AI Infrastructure STL Optical Connectivity NA, LLC (STLOC), the U.S. subsidiary of Sterlite Technologies Ltd. (STL), announced the launch of Neuralis, its flagship data center connectivity solutions, at Data Center World 2026 in Washington, D.C. Neuralis is presented as a high-performance portfolio designed to meet the escalating demands of the AI-ready digital infrastructure.As AI, hyperscale computing, and edge workloads reshape the digital landscape, STL Neuralis positions itself as the "central nervous system" for modern data centers. Drawing its name from the intricate pathways of a neural network, the portfolio delivers the seamless connectivity and...

Bank of Maharashtra Reports Strong Financial Performance for Quarter and Year Ended March 31, 2026 Bank of Maharashtra announced its financial results for the quarter and year ended March 31, 2026, highlighting significant growth across its key operational and profitability metrics.Year-End Financial Highlights (March 31, 2026 vs. March 31, 2025)On a full-year basis, the bank's Total Business saw robust growth of 17.47 %, reaching ₹ 642,531 crore. Total Deposits increased by 14.14 % to ₹ 350,564 crore, while Gross Advances grew by 21.74 %, totaling ₹ 291,967 crore.The bank recorded a notable increase in its operating results. Operating profit grew by 16.17 % to ₹ 10,826 crore. Net Profit registered a 27.17 % increase, reaching ₹...

Bank of Maharashtra Announces Financial Results for FY 2025-26; Recommends 12% Final Dividend Bank of Maharashtra announced its financial results for the quarter and year ended March 31, 2026, following its Board of Directors meeting on April 20, 2026. The Bank also highlighted plans for significant capital augmentation and infrastructure bond issuance.During the board meeting, the directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Furthermore, the Bank recommended a final dividend of 12%, amounting to Rs. 1.20 per equity share of Rs. 10 each for the Financial Year (FY) 2025-26. This dividend recommendation is subject to the approval of shareholders at the...

India, Korea Target Major Trade Pact Upgrade to Boost Digital and Green Economy India and South Korea commenced discussions on revamping their existing comprehensive trade agreement, aiming to deepen economic ties and capitalize on future growth sectors. The high-level talks focused on upgrading the India-Korea CEPA, which has been in effect since January 2010.The meeting took place between Commerce and Industry Minister Piyush Goyal and his Korean counterpart, Yeo Han-koo. Minister Goyal noted that discussions centered on resuming and upgrading the CEPA negotiations. The bilateral meeting also explored deep cooperation across several strategic sectors.The countries identified industrial cooperation, green energy, and digital trade...

SAEL Boosts India's Clean Energy Grid: 600 MW Solar Plant Goes Live in Andhra Pradesh SAEL Industries has significantly bolstered its clean energy portfolio with the commencement of operations at a major 600-MW solar power plant in Kurnool, Andhra Pradesh. The development marks a key step in the group's expansion, solidifying its position as a major player in India's rapidly growing renewable energy sector.Operational Commencement in Andhra Pradesh On Monday, SAEL Industries announced that the 600-MW solar facility in Kurnool is operational. This large-scale project, spread across over 2,400 acres, consists of two units, each having a capacity of 300 MW. These units operate through the subsidiaries SAEL Solar MHP1 Pvt Ltd and SAEL...