Markets

Silver Futures Plunge Amid Global Sell-Off; Prices Fall Rs 5,175 on Multi Commodity Exchange Silver prices saw a notable decline on Monday, falling significantly as market participants reduced their speculative bets. Futures contracts for silver traded down Rs 5,175, closing at Rs 2,51,967 per kilogram.The sell-off was reflected across the Multi Commodity Exchange (MCE). Silver contracts for the May delivery plummeted by Rs 5,175, marking a 2.01 per cent drop. Trading occurred in a session recording a business turnover of 1,505 lots.Driving Factors Behind Silver's Decline Analysts observing the market attributed the steep decline primarily to a sharp sell-off by market participants. This reduction in active betting significantly...

Gold Plummets By Rs 1,310 Amid Weak Global Demand Signals, Futures Trade Cool Off Gold futures prices witnessed a notable dip on Monday, falling by Rs 1,310 per 10 grams. The decline brought the price to Rs 1,53,299 per 10 grams in the domestic futures trade. This movement occurred amid reports of softening spot demand in the market.Domestic Gold Futures Fall on MCX On the Multi Commodity Exchange (MCX), gold contracts for the June delivery saw substantial weakness. The contracts traded lower by Rs 1,310, marking a 0.85 per cent drop. The final settlement price recorded was Rs 1,53,299 per 10 grams.The domestic futures market registered a business turnover of 1,119 lots during the trading session. The downward trend suggests that...

Banaras Beads Ltd. Achieves 'One Star Export House' Status from Government of India Banaras Beads Ltd., a manufacturer and exporter of all kinds of Beads, Fashion Jewelry and Accessories, has secured the 'One Star Export House' recognition from the Government of India. The certificate was granted by the Director General Foreign Trade (DGFT) under the Ministry of Commerce and Industries.This prestigious certification recognizes the company's status as an exporter, validating its operations in line with the provisions of the Foreign Trade Policy, 2023.The certificate of recognition, which was issued based on a date referenced as April 18, 2026, is valid for a period of five years. The specified duration for this status is effective...

ED Raids Karnataka: High-Profile Targets Linked to Bitcoin Theft, Extortion Under Major Investigation The Enforcement Directorate (ED) has launched significant search operations in Karnataka, targeting 12 premises. The raids specifically include the residences of Mohammed Haris Nalapad and Omar Farook Nalapad, who are sons of Karnataka Congress MLA N.A. Harris.The investigation is focused on a complex case involving Srikrishna alias Sriki and several other accused individuals. Sources familiar with the matter confirmed that the ED's action follows multiple FIRs and detailed charge sheets filed by the Karnataka Police.Scope of the High-Profile Investigations The probe has amassed serious allegations concerning various financial and...

AVI Polymers Ltd Board to Discuss Financial Results, Dividend, and Healthcare Tech Expansion AVI Polymers Ltd announced that its Board of Directors is scheduled to meet on Monday, April 27, 2026. The board meeting is set to address key financial results for the quarter and the financial year ending March 31, 2026, alongside crucial strategic decisions regarding shareholder returns and expansion into the healthcare technology sector.The board's agenda highlights a focus on both retrospective performance and future growth initiatives. The company will consider and approve the Audited Financial Results for the quarter and the full financial year ended March 31, 2026, citing a record operational turnaround.Regarding shareholder returns...

Harshdeep Hortico Ltd Launches Rotomoulded Decorative Water Fountains, Expanding Landscape Portfolio Harshdeep Hortico Ltd has significantly expanded its product offering with the launch of a new decorative product category. The introduction of the rotomoulded decorative water fountains marks a strategic move in line with the company's business expansion and innovation strategy.The newly launched fountain range is noted as a first-of-its-kind rotomoulded product segment in India, which was developed using the company’s in-house design and innovation capabilities. This launch is set to bolster the company’s premium outdoor and lifestyle product portfolio.The details of the newly introduced product line are as follows...

Nexome Capital Markets Allots 19.2 Lakh Equity Shares Following Warrant Conversion Nexome Capital Markets Ltd announced on April 20, 2026, that its warrant holders, comprising both Promoter and Non-Promoter categories, have successfully exercised their rights to convert existing warrants into fully paid-up equity shares.The conversion was executed following the payment of the balance 75% of the issue price of the warrants. The company confirmed that the warrant holders paid a total amount of Rs. 9,21,60,000 for 19,20,000 warrants.With the exercise of these options, the Board of Directors of Nexome Capital Markets Ltd allotted 19,20,000 equity shares of the face value of Rs. 10 each.Capital Structure Update This conversion resulted...

Crude Oil Surges as Tensions Escalate; Indian Rupee Gains Amid Mixed Metal Signals Mumbai, April 20: Global commodity markets displayed sharp contrasts on Monday, with energy prices surging sharply while precious metals retreated. The Indian rupee managed a modest gain, finding support amid varied trends in crude oil and gold.The rupee opened on a positive note, gaining 10 paise against the US dollar, trading initially at 92.83. This performance was attributed to a significant downturn in crude oil prices and supportive economic measures from the Reserve Bank of India (RBI).Despite the slight greenback strength, the dollar index climbed to 98.27, marking a 0.37 per cent increase from the previous closing levels. However, currency...

India and South Korea Deepen Ties: Diplomatic Visit Signals Major Boost for Bilateral Economic Cooperation A high-level diplomatic visit has brought significant attention to India-South Korea relations, marking a strong commitment to deepening bilateral partnerships. South Korean President Lee Jae Myung arrived in India today, receiving a grand ceremonial welcome at Rashtrapati Bhavan. The visit is viewed by experts as a pivotal step in enhancing economic collaboration and strategic ties between the two nations.Ceremonial Welcome Marks High-Level Diplomatic Exchange President Lee Jae Myung's arrival was met with an elaborate ceremonial welcome at the prestigious Rashtrapati Bhavan. The presence of India's top leadership underscored...

Cranex Ltd Secures Major Domestic Purchase Orders Worth Over Rs. 6 Crore Cranex Ltd announced that it has received several significant purchase orders for the manufacturing and supply of various industrial products, totaling an order value of Rs. 6,30,46,756/-.The company stated that these new orders underscore its commitment to its customers despite challenging market circumstances, including war-like situations, market fluctuations, and material availability constraints. Cranex Ltd emphasized its continued focus on maintaining strong customer relationships and operational resilience to fulfill all obligations efficiently while maintaining high standards of quality and timelines.The acquired orders span several major domestic...

Kalyan Jewellers to Host Earnings Call for Q4 FY26 Results on May 8 Kalyan Jewellers India Ltd has scheduled an earnings conference call to discuss its financial and operational performance for Q4 FY26.The dedicated conference call is set for Friday, May 8, 2026, starting at 5:00 PM IST. The session will provide participants with an in-depth discussion regarding the company's results for the fourth quarter of the fiscal year 2026.Key leadership personnel from the company are expected to participate in the call, including Mr. Ramesh Kalyanaraman, Executive Director, Mr. Sanjay Raghuraman, CEO, Mr. V. Swaminathan, CFO, Mr. Sanjay Mehrottra, Head of Strategy & Corporate Affairs, and Mr. Abraham George, Head of Treasury & Investor...

Hindustan Organic Chemicals Reports Progress on Phenol and Cumene Plant Restart Hindustan Organic Chemicals Ltd. announced on April 20, 2026, that necessary plant restart activities have been initiated for its Phenol and Cumene plants at the HOCL Kochi unit. The development follows the plants' temporary shutdown, which had been implemented due to a force majeure event.The company confirmed that BPCL has resumed the supply of Liquefied Petroleum Gas (LPG) to the facility, in accordance with the directions received from the Government of India.With the restoration of LPG supplies, Hindustan Organic Chemicals Ltd. has commenced the required plant restart works. These activities are currently reported as being in progress.The company...

Dharni Capital Services to Hold Board Meeting to Approve Half-Year and Annual Financial Results Dharni Capital Services Ltd, previously known as Dharni Online Services Private Limited, has scheduled its Board of Directors meeting for Friday, April 24, 2026.The meeting is convened to consider and approve the standalone and consolidated Audited Financial Results of the Company. These results cover the half year and the full year ended March 31, 2026.Regarding market trading, the Company noted that the trading window for its securities is currently closed for Promoters, Directors, and Employees. This window is set to reopen 48 hours subsequent to the declaration of the financial results for the half year and the year ended March 31...

Sterling and Wilson Renewable Energy Ltd (SWREL) announced a significant boost to its pipeline, declaring it has secured new orders worth ₹ 3,550 crore. The massive influx of contracts is fueled by a key tender win from Coal India, marking a major milestone for the renewable energy developer.The company revealed that it was declared the lowest bidder in a critical tender issued by Coal India. This package involves the development of an 875 MW (AC) grid-connected solar PV project located in Bikaner, Rajasthan.The total value of this comprehensive contract, which includes Operation and Maintenance (O&M) and taxes, stands at ₹ 3,490 crore. This substantial win firmly anchors the company's standing in India's evolving energy landscape...

ICICI Bank Shares Surge Past ₹1,376 After Profit Breakthrough; Key Catalysts Drive Investor Sentiment ICICI Bank shares saw a sharp rally on Monday morning, climbing over 2 per cent following the announcement of strong quarterly earnings. The banking giant’s stock edged higher, reinforcing its strong market presence amid positive profit numbers.On the BSE, ICICI Bank traded at Rs 1,376.25, marking a 2.13 per cent advance. Similarly, the stock advanced 2.19 per cent on the NSE, settling at Rs 1,376.40. These gains reflect investor confidence drawn by the bank’s consolidated net profit performance.ICICI Bank Reports Major Profit Growth in March Quarter The primary catalyst driving the market's response was the reported 9.28 per cent...

Korea-India Ties Deepen: Lee Jae Myung Visit Signals Massive Boost to Tech, Trade, and Investment South Korean President Lee Jae Myung arrived in New Delhi for a three-day visit, underscoring the deepening strategic and economic partnership between India and South Korea. The visit marks President Lee’s first trip to India and is set to catalyze robust cooperation across multiple critical sectors.The diplomatic engagement signals a renewed commitment to expanding India-Korea ties, building upon ancient civilizational bonds and shared democratic values.Discussions Focus on High-Tech and Economic Synergy The core of President Lee’s visit revolves around strengthening bilateral cooperation across a broad economic spectrum. Discussions...

MCX Surges into Coal Trading: SEBI Nod Signals Mega Push into Energy Space with ₹100 Crore Investment The Multi Commodity Exchange of India Limited (MCX) is making a significant foray into the coal sector, announcing plans for a new exchange venture. This move, which follows regulatory approval from the Securities and Exchange Board of India (SEBI), underscores MCX’s ambition to deepen its presence across the energy commodity ecosystem.The exchange plans to commit substantial capital, up to Rs 100 crore, to meet the minimum net worth requirements mandated by the draft Coal Exchange Rules. This strategic expansion aims to make MCX’s energy portfolio more comprehensive and robust.Deepening the Energy Portfolio and Market Scope MCX...

ED Initiates Search Proceedings and Provisional Attachments at Hampton Sky Realty Ltd Hampton Sky Realty Limited reported that the Directorate of Enforcement (ED) conducted search proceedings at its corporate office and the residential premises of its key management personnel on April 17, 2026. The searches at the company's Gurugram office concluded on April 19, 2026.The search proceedings at the company’s corporate office, located in Gurugram, Haryana, were initiated on April 17, 2026, and concluded on April 19, 2026, at approximately 1:20 AM. On the same date, searches were also carried out at the residential premises in Ludhiana and Gurugram belonging to Mr. Sanjeev Arora (former Managing Director) and Mr. Kavya Arora (Managing...

Northern Railways Deliver Major Commercial Boost: First Vermicompost Shipment Successfully Reaches Anantnag The Jammu Railway Division of the Northern Railway has achieved a significant operational milestone in supporting regional commerce. The successful transport of the first vermicompost fertilizer consignment from Ambala to Anantnag marks a pivotal moment for the region's agricultural supply chain.This major freight movement was facilitated by the Business Development Unit (BDU) of the division. Senior Divisional Commercial Manager Uchit Singhal highlighted the importance of the initiative in bolstering commercial ties across the region.Landmark Shipment Supports Kashmir Agriculture The consignment, originating from Sikri Farms...

Jaipur, April 20, 2026: Aavas Financiers Limited, a prominent player in the affordable housing finance sector, announced that its Board of Directors has approved the appointment of Mr. Manu Yeshpal Singh as the new Managing Director & CEO. The appointment is effective from April 21, subject to necessary approvals from the Reserve Bank of India and the Company's shareholders.This leadership transition follows a structured, Board-led succession process, signaling the company's focus on maintaining continuity across leadership, strategy, and governance as Aavas moves into its next operational phase.Mr. Manu Singh brings extensive industry experience, joining Aavas from Kotak Mahindra Bank, where he previously served as President...