Markets

Strait of Hormuz Under Fire: Indian Tankers Cross, While IRGC Action Triggers Global Energy Price Alert The critical Strait of Hormuz saw mixed signals on Saturday, as one Indian-flagged oil tanker successfully transited while others turned back after reports of Iranian Revolutionary Guard Corps (IRGC) activity. The uncertainty highlights the ongoing threat to one of the world's most crucial energy arteries.Indian Fleet Navigates Tense Maritime Waters Ship tracking data confirmed that the SCI-operated tanker Desh Garima successfully crossed the Strait of Hormuz on Saturday. This marks the tenth India-flagged vessel to pass through the choke point since early March.As of Saturday evening, the vessel was reportedly sailing in the Gulf...

Global Turmoil Boosts India's Transit Hub Potential as GDP Set to Surge to 6.8% in FY27 India is poised for significant economic growth, with projections indicating a robust 6.8 per cent GDP expansion in FY27. This positive outlook comes amid global uncertainties and regional geopolitical conflicts. The nation, according to an SBI Research report, continues to demonstrate considerable resilience in its economic trajectory.India's Economic Resilience and Growth Trajectory SBI Research projects that India's Gross Domestic Product (GDP) is likely to grow in the range of 6.8 per cent to 7.1 per cent for the fiscal year 2027. This growth forecast suggests India is navigating global challenges with stability. The report notes that this...

Yes Bank Jumps into Expansion Mode: Net Profit Surge Signals End of Recovery Phase Private sector lender Yes Bank reported a substantial turnaround, announcing a 45 per cent jump in its Q4 net profit to ₹1,068 crore. The results signal that the bank is completing its long recovery phase, positioning itself for significant future growth.The city-headquartered lender, which faced issues years ago, has used the last several years to prioritize balance sheet repair and profitability. This focus meant slowing down the pace of asset growth until it was structurally sound.Now, the bank management suggests a dramatic shift in strategy. Yes Bank anticipates aligning its loan growth with the broader banking sector's trends.Record Profits...

Uttarakhand’s Char Dham Yatra Kicks Off: Gangotri and Yamunotri Portals Open, Ensuring Safe Pilgrimage Char Dham Yatra Commences in Uttarakhand The annual Char Dham Yatra is set to formally begin its journey in Uttarakhand. The commencement marks the opening of the portals for Gangotri and Yamunotri in the Uttarkashi district. This official opening signals the start of the highly anticipated pilgrimage season for devotees nationwide.Chief Minister Pushkar Singh Dhami spearheaded the start of the Yatra today. He flagged off dedicated buses from Rishikesh, initiating the logistics for pilgrims traveling to the holy sites.Government Focus on Pilgrim Safety and Organization During the flag-off ceremony, Chief Minister Dhami addressed...

Lupin Faces USFDA Form 483 Issuance Amid Somerset Facility Compliance Scrutiny Major pharmaceutical company Lupin has confirmed that a regulatory filing revealed the US Food and Drug Administration (USFDA) issued a 'Form 483' carrying three observations regarding its manufacturing facility in Somerset, New Jersey. The findings follow a recent inspection conducted by the US health regulator.Lupin stated that the detailed inspection took place at the Somerset location this week, spanning from April 13 to April 17. The company confirmed that the inspection concluded with the issuance of the Form 483, which detailed three specific observations.The drug maker asserted its commitment to rectifying these observations and pledged to respond...

India's Digital Census 2027: Master Trainers Program Concludes in J&K, Boosting Readiness for Fully Paperless Count Master Trainers’ Initiative Boosts J&K Readiness for Census 2027 Preparations for India's first fully digital and paperless census have received a significant boost in Jammu and Kashmir. A four-day master trainers’ program recently concluded in the region, marking a pivotal step toward executing the Census 2027. The initiative aims to ensure meticulous data collection across the vast territory.The specialized training program was organized by the Directorate of Census Operations for Jammu and Kashmir and Ladakh. It was held at the Institute of Management, Public Administration and Rural Development (IMPARD).Preparing a...

Rossari Biotech Ltd to Hold Board Meeting on April 27, 2026, to Review FY Results Rossari Biotech Ltd has scheduled its Board of Directors meeting for Monday, April 27, 2026. The meeting is set to address the approval of the company's financial performance for the quarter and the financial year ended March 31, 2026.The primary agenda items for the Board include approving the Audited Financial Statements and Financial Results, both standalone and consolidated, for the period ending March 31, 2026. Additionally, the Board is expected to recommend the payment of a Final Dividend, if applicable, for the Financial Year that concluded on March 31, 2026.In connection with its financial results, the company also issued an advisory regarding...

Kimia Biosciences Ltd Approves Changes in Director Tenure and Management Terms Kimia Biosciences Ltd announced outcomes from its Board of Directors meeting held on April 18, 2026, detailing changes in the company’s directorship and management structure.The Board took note of the mandatory cessation of an Independent Director, approved the appointment of a new Additional Director, and modified the re-appointment terms for the Managing Director. Furthermore, the Board approved the reconstitution of several key Board Committees.Cessation of Independent Director The Board acknowledged the cessation of Ms. Richa Gupta, Independent Director. Her tenure concluded with effect from April 14, 2026, upon completing her maximum tenure of ten...

Uday Jewellery Industries Ltd. Board to Approve Key Leadership Changes and Chennai Expansion Uday Jewellery Industries Ltd. announced that its Board of Directors meeting is scheduled for Wednesday, April 22, 2026. The meeting will take place at the company’s registered office in Hyderabad, Telangana, and the agenda is set to address major appointments, organizational restructuring, and the proposal for expanding the company's operations into Chennai.The Board meeting will begin with routine approvals, including the noting and approval of minutes from the previous Board Meeting held on March 5, 2026, and the minutes of the Nomination & Remuneration Committee meeting.Executive and Directorship Appointments Several significant...

360 ONE Group Initiates Business Transfer to Consolidate Public Equity Asset Management 360 ONE WAM LTD announced a significant corporate undertaking involving the transfer of key business units between its wholly owned subsidiaries. The transfer aims to consolidate the group's asset management operations, specifically focusing on the public equities segment.The board of directors of 360 ONE Portfolio Managers Limited, and 360 ONE Asset Management Limited, both wholly owned subsidiaries of 360 ONE WAM LTD, approved the transfer of specific business functions.The transferred business includes two core areas: 1. The Alternative Investment Funds (AIF) Business, which functions as an investment manager. 2. The Portfolio Management...

Stallion India Fluorochemicals Announces Analyst and Investor Meet Schedule Stallion India Fluorochemicals Ltd. has scheduled an Analyst and Investor Meet with its management team. The gathering is set to take place on Thursday, April 23, 2026.The company has detailed the schedule for the meetings with various brokerage houses and financial institutions. The events are planned to be held virtually from the Company's registered office.Sr. No.NameModeType1Philip PCGVirtual at the Registered Office of the CompanyGroup Meet2Ashika stock brokingVirtual at the Registered Office of the CompanyGroup Meet3Ventura SecuritiesVirtual at the Registered Office of the CompanyGroup Meet4B&K SecuritiesVirtual at the Registered Office...

Savera Industries Board Approves Fitness Studio Expansion Under '02 Health Studio' Brand Savera Industries Ltd announced that its Board of Directors approved a strategic expansion into the fitness studio business following a meeting held on April 18, 2026. The company plans to operate the new venture under its own brand name, '02 Health Studio'.The board resolved to establish the fitness studio through a partnership with related parties, involving both the leasing of necessary equipment and the use of a leased property.Details of the AgreementsThe expansion requires the company to enter into agreements with two related parties: M/s. Shyam Investments (Partnership Concern) and M/s. Ruchi Agro Products Pvt Ltd. The agreements cover...

Punctual Trading Ltd Approves Audited Financial Results for Year Ended March 31, 2026 Punctual Trading Ltd announced that its Board of Directors approved the audited financial results for the quarter and full financial year ended March 31, 2026, during a meeting held on April 18, 2026. The company also released its audited standalone financial statements, providing a comprehensive overview of its performance, assets, and cash flow for the period.Financial Performance Summary The company's results include data for the quarter ended March 31, 2026, and the full financial year ending March 31, 2026.The audited standalone financial results for the quarter and year ended March 31, 2026, show the following key financial metrics...

Kesar India Ltd Announces Change in Key Managerial Personnel Roles Kesar India Ltd has confirmed changes in its leadership structure, announcing the resignation of its Company Secretary and Compliance Officer (KMP) and the subsequent appointment of a new officer.The Board of Directors conducted a meeting on April 18, 2026. During this session, the Board considered and approved the key personnel transitions.Ms. Toshiba Jain tendered her resignation as Company Secretary and Compliance Officer (KMP), with the resignation taking effect from the closure of business hours on April 18, 2026.In her place, Ms. Aditi Anup Deshmukh has been appointed as the Company Secretary and Compliance Officer (KMP). The appointment is effective from...

Plastiblends India Ltd. to Hold Board Meeting to Approve Financial Results and Consider Dividend Plastiblends India Ltd. announced that its Board of Directors meeting is scheduled for Monday, April 27, 2026. The meeting is set to consider and approve the Audited Financial Results for the quarter and financial year ended March 31, 2026. Furthermore, the Board will consider the recommendation of a dividend, if any, for the financial year ended March 31, 2026.In addition to the meeting notice, the company also provided an update regarding trading restrictions for its equity shares. The trading window for dealing in Equity Shares of Plastiblends India Ltd. will remain closed for Designated Persons and their immediate relatives. This...

Picturepost Studios Limited Announces Resignation of Company Secretary and Compliance Officer Picturepost Studios Limited has confirmed the resignation of its Company Secretary and Compliance Officer, Mr. Abhishek Sharma. The change in key office holding personnel is effective as of April 18, 2026.Mr. Abhishek Sharma tendered his resignation from the position of Company Secretary and Compliance Officer of the company. He cited personal reasons and the desire to explore better career opportunities aligned with his professional growth as the reason for his departure.The company reported the details of the cessation of services through a formal statement.ParticularsDetailsName of OfficerMr. Abhishek SharmaMembership NumberACS...

Jayant Infratech Ltd to Hold Board Meeting to Consider Fund Raising Through Equity and Eligible Securities Jayant Infratech Ltd, previously known as M/s Jayant Infratech Pvt Ltd, has scheduled a meeting of its Board of Directors to discuss potential fundraising mechanisms. The board meeting is set for Monday, April 27, 2026, at the company’s registered office in Bilaspur.The meeting is slated to begin at 12:00 p.m. at the Registered Office of the Company, located at Mangal Smriti Bajpai Ground, Tilak Nagar Bilaspur-495001.The primary business to be transacted at the board meeting involves considering and evaluating strategies for raising funds. Specifically, the agenda includes discussing the issue of equity shares and/or any other...

Uttam Tibrewal Completes Tenure as Whole-time Director, Continues as Deputy CEO of AU Small Finance Bank Mr. Uttam Tibrewal has completed his tenure as Whole-time Director of AU Small Finance Bank Limited (the Bank) effective April 18, 2026. Despite the completion of his directorship period, Mr. Tibrewal will continue contributing to the Bank in a senior operational capacity, accepting the role of Deputy Chief Executive Officer (Deputy CEO).In his continuing capacity, Mr. Tibrewal will lead the Bank's retail business verticals. His focus moving forward will be centered on increasing ground engagement to drive growth, strengthen customer relationships, and expand the Bank's presence across newer geographies. He remains categorized as...

HDFC Bank Marks Retirement of Executive Director Bhavesh Zaveri HDFC Bank Limited announced the retirement of Mr. Bhavesh Zaveri as an Executive Director, effective from the close of business hours on April 18, 2026. The bank noted and appreciated Mr. Zaveri’s long and devoted service throughout his tenure, wishing him success in his future endeavors.Mr. Bhavesh Zaveri began his journey with the bank in 1998 within the Operations function. His career progressed significantly over the years. He was appointed as Business Head Wholesale Banking Operations in 2000 and later became Group Head - Operations in 2009. In 2015, he assumed additional responsibilities for the Information Technology function, culminating in his role as Executive...

Bank of Baroda Appoints Mehrotra Manish Nath as Head (In-Charge) - Treasury & Global Markets Bank of Baroda announced a change in its senior management, appointing Mr. Mehrotra Manish Nath to a key role within the bank. The appointment was effective on April 18, 2026.Mr. Mehrotra Manish Nath has been designated as the Head (In-Charge) - Treasury & Global Markets, Special Treasury, Mumbai. The appointment marks a new addition to the bank's senior management personnel.Details regarding the appointment include:DetailInformationName of SMPMr. Mehrotra Manish NathDesignationHead (In-Charge) - Treasury & Global Markets, Special Treasury, MumbaiReason for ChangeAppointmentDate of AppointmentApril 18, 2026Profile...