Markets

Karur Vysya Bank Revises Marginal Cost of Funds Based Lending Rates (MCLR) Karur Vysya Bank Limited announced that its Marginal Cost of Funds Based Lending Rates (MCLR) will be revised, effective from April 22, 2026. The updates apply across various loan repayment cycles, affecting the bank’s lending rates.The revised rates detail changes for multiple loan types, including Overnight, One-month, Three-month, Six-month, and One-year MCLR.The revised MCLR rates are as follows:Nature of ROIExisting RateRevised RateOvernight MCLR8.80 %8.85%One-month MCLR8.95 %9.00%Three-month MCLR8.95 %9.00%Six-month MCLR9.10 %9.15%One-year MCLR9.10 %9.15%KARURVYSYA Stock Price Movement Shares of Karur Vysya Bank Limited on Friday...

Sat Kartar Life Limited Approves Significant Funding Rounds and Stake Acquisition Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, announced key corporate decisions following its Board meeting on April 18, 2026. The board approved plans to raise capital through two preferential issues and to significantly increase its stake in its subsidiary, Plantomed Nutraceuticals Private Limited. The board noted that the proposed fund raise is a strategic move designed to strengthen the company's integrated healthcare platform, which combines Ayurveda products with hospital-based care, aiming for scalable growth and enhanced long-term value for stakeholders.Fundraising through Preferential Issuance The company approved two...

Mangalam Global Enterprise Limited Approves FY 2026 Results, Recommends Dividend of Rs. 0.01 Mangalam Global Enterprise Limited announced that its Board of Directors held a meeting on Saturday, April 18, 2026. During the session, the board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and the year ended on March 31, 2026.The board also recommended a final dividend of Rs. 0.01 (One Paise Only) per equity share, on a face value of Rs. 1 per equity share (i.e., 1% of face value) for the financial year ended March 31, 2026. This dividend recommendation is subject to the approval of the company's members at the ensuing Annual General Meeting.In addition to approving the financial...

Sat Kartar Life Limited To Acquire Additional Stake, Making Plantomed Nutraceuticals A Wholly Owned Subsidiary Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has approved the further acquisition and investment in its subsidiary, Plantomed Nutraceuticals Private Limited. This strategic move entails acquiring an additional 24% stake, which will establish Plantomed Nutraceuticals as a wholly owned subsidiary of the company.The acquisition aims to give the company 100% control over Plantomed Nutraceuticals Private Limited, thereby enabling Sat Kartar Life Limited to better align operations with its long term vision. Management stated that the transaction is expected to help the company achieve brand consolidation...

NABARD and PDCOR Ink Landmark Pact to Accelerate India's Infrastructure Funding Cycle NABARD, the National Bank for Financing Infrastructure and Development, has deepened its reach into state-level project financing. The institution recently signed a Memorandum of Agreement (MoA) with the Projects Development Company of Rajasthan Limited (PDCOR). This strategic partnership aims to vastly strengthen advisory services for crucial state and city-level infrastructure projects nationwide.The collaboration will provide a comprehensive framework for executing major capital-intensive projects. PDCOR confirmed that the MoU enables both entities to jointly explore diverse financing and transaction advisory opportunities.Scope of Advisory...

Sovereign Shield: India Launches 'Bharat Maritime Insurance Pool' to Guarantee Maritime Trade Stability Government Approves Mega Insurance Pool with Sovereign Guarantee The Union Cabinet has sanctioned a landmark initiative aimed at bolstering India's maritime trade resilience. The government approved the creation of the 'Bharat Maritime Insurance Pool' (BMI pool) on Saturday. This domestic insurance pool comes backed by a significant sovereign guarantee of ₹12,980 crore.This strategic move is designed to ensure continuous and reliable maritime insurance coverages for Indian vessels. The BMI pool is structured to counteract the persistent threats posed by global volatility and geopolitical instability in international trade routes...

Vedanta Blast Toll Climbs to 23: Investigation Challenges Corporate Accountability After Fuel Accumulation Found The death toll at the Vedanta power plant in Chhattisgarh’s Sakti district has climbed to 23, following the critical industrial accident that occurred several days ago. Two additional workers succumbed to their injuries on Saturday, while a total of 12 injured individuals remain under care in various hospitals.Officials confirmed that three of the injured workers are currently in a critical condition. The tragedy stemmed from an explosion that took place on April 14 within a steel tube that carried high-pressure steam from the boiler to the turbine.Escalating Casualties and Victim Details The incident resulted in...

El Niño Threat Averted? Govt Outlines Massive Preparedness Plan to Safeguard Indian Farms and Economy New Delhi: The Indian government has reaffirmed its robust readiness to mitigate potential agricultural damage stemming from a predicted El Niño impact. Agriculture Minister Shivraj Singh Chouhan chaired a high-level meeting on Saturday, directing senior officials to implement comprehensive measures prioritizing farmers' welfare. The extensive review covered weather forecasts, water availability, and critical arrangements for seeds and agricultural inputs.Central Government Vows Full Preparedness Against Adverse Weather During the meeting, the Minister stressed that farmer welfare remains the foremost priority for the government...

HCL Maintains Operational Flow Despite Fatal Accident at Rajasthan Unit Incident Reported at Hindustan Copper’s Khetri Complex State-owned Hindustan Copper Ltd (HCL) confirmed an unfortunate incident at its unit in Rajasthan. The company reported that a contractual employee engaged by a civil contractor met with fatality at the Process Plant of the Khetri Copper Complex. This incident occurred in the District Jhunjhunu, Rajasthan, on April 17, 2026. HCL provided a detailed filing to the BSE concerning the fatality of the contractual worker.Operations Continue Despite Facility Incident In a statement addressing the event, HCL assured stakeholders that the tragic incident has caused no disruption to the plant's core operations. The...

Indian Seafarers Safe: Govt Reports Successful Repatriation of 2,373 From Iran, Thousands in West Asia The Government of India confirmed on Saturday that all Indian seafarers operating across the West Asia and Gulf region are safe. Officials stated that no incident involving Indian-flagged vessels was reported in the past 24 hours.The Ministry of Ports, Shipping and Waterways reported that necessary measures are in place to safeguard both Indian vessels and their seafarers in the region. DG Shipping has facilitated the safe repatriation of over 2,487 Indian seafarers to date. This figure includes 34 seafarers repatriated within the last 24 hours from various locations across the Gulf region.Seafarer Operations and Port Status...

Corporate Accountability Demands Evidence First: Jindal Supports Measured Approach After Vedanta Tragedy Blast at Vedanta Power Plant Sparks Debate on Corporate Governance The Vedanta Group Chairman Anil Agarwal has come under scrutiny following an industrial blast at the company's power plant in Sakti district, Chhattisgarh. The incident, which occurred on April 14, claimed 23 lives, leading to intense debate regarding industrial accountability and corporate liability.The Chhattisgarh police registered an FIR against Agarwal. The charges include stringent IPC sections, such as causing death due to negligence. The explosion happened in a steel tube carrying high-pressure steam from the boiler to the turbine at the Vedanta Ltd power...

Pakistan Faces Drug Crisis: US-Iran Conflict Disrupts Life-Saving Medicine Supplies New Delhi, April 18 - The escalating US-Iran conflict has exposed critical gaps in Pakistan’s healthcare preparedness, severely disrupting supplies of life-saving medicines and essential infant milk formulas. A recent report details how this supply shock is causing acute shortages and sharp increases in pricing across the nation.The crisis is creating significant distress for patients who rely on critical drugs and imported nutritional products. Mohammad Atif Hanif Baloch, President of the Wholesale Chemists Council of Pakistan, highlighted the need for immediate policy intervention.He stated that the government lacks a clear mechanism to ensure...

Kody Technolab Appoints Kashyap Jaladipbhai Jani as Additional Director Kody Technolab Limited announced that its Board of Directors approved the appointment of Mr. Kashyap Jaladipbhai Jani as an Additional Director (Non-Executive & Independent). The decision was made during a Board meeting held on Saturday, April 18, 2026.Mr. Kashyap Jaladipbhai Jani, holding DIN: 10095658, joins the company with immediate effect, starting April 18, 2026. The appointment is set for a period of five years.The Board's decision was based on the recommendation of the NRC Committee.Profile of New Director The company released key details regarding Mr. Jani, highlighting his extensive professional background.ParticularsDetailsNameMr. Kashyap...

Essex Marine Ltd Completes Major Expansion of Seafood Processing Unit in Shankarpur Essex Marine Ltd has successfully achieved significant operational milestones, completing major enhancements and capacity expansions at its processing unit located in Shankarpur. The developments mark a substantial advancement for the integrated seafood player.The Company announced the completion of two key initiatives: the expansion of existing peeling capacity and the addition of a specialized "Ready-to-Cook" section. This new ready-to-cook capability integrates blanching processes directly into the existing operational line at the Shankarpur facility.The expanded facility has been developed incorporating modern infrastructure and is designed to...

Laxmi India Finance Reports Significant Growth in Customer Base and Assets Under Management Laxmi India Finance Limited, formerly known as Laxmi India Finance Private Limited, has reported strong growth metrics for the financial year ended March 31, 2026, reflecting a continued scale-up of its lending portfolio and expanding operational footprint.The company announced that its total customer base increased by 20.35% year over year (YoY), reaching 42,809 as of March 31, 2026, compared to 35,568 at the end of March 31, 2025.Key Financial and Operational Highlights The financial results for the year demonstrate robust expansion across core business areas. Assets under management (AUM) witnessed a substantial growth of 27.34% YoY...

Kanpur Plastipack Board Meeting Scheduled to Consider FY and Quarterly Financial Results Kanpur Plastipack Ltd has announced that its Board of Directors will hold a meeting on Saturday, May 2, 2026, at 12:30 PM. The board meeting is slated to consider several key matters, including the company’s annual and quarterly performance for the period ending March 31, 2026.During the meeting, the directors are scheduled to consider and approve the standalone and consolidated Audited Financial Results for both the quarter and the full Financial Year ended March 31, 2026.The board agenda also includes considering and recommending the final dividend, if any, for the fiscal year 2025-26.Kanpur Plastipack Ltd is involved in the manufacturing...

B. P. Capital Ltd To Hold Board Meeting to Consider Shift to Delhi, Alteration of MoA B. P. Capital Ltd is scheduled to hold a Board of Directors meeting to consider the shifting of its registered office from Haryana to the National Capital Territory of Delhi. The meeting will also address the subsequent necessary alteration of the company's Memorandum of Association.The Board Meeting is set for Saturday, April 25, 2026, at 03:00 P.M. The meeting will take place at the company’s registered office located at Plot No-138, Roz -Ka -Meo Industrial Area, Sohna (Distt. Mewat), Haryana-122103.The primary agenda for the Board includes considering and approving the relocation of the company's registered office from the State of Haryana to...

High Court Refers Writ Proceedings Questions to Larger Bench; Interim Orders Continue Shemaroo Entertainment Limited has reported that the Hon'ble High Court of Judicature at Bombay has referred the questions of law arising in the writ proceedings filed by the Company to a Larger Bench for adjudication.In an order dated April 17, 2026, the High Court took the step of referring the matters involved in the Company’s writ proceedings to a Larger Bench. The Court further directed that all existing interim orders in the matter, including the directive that no further action shall be taken concerning the impugned show cause notice/order until final orders are pronounced, shall continue in force until the Larger Bench determines the issues...

Supreme Court Disposes of IL&FS Civil Appeals; CIRP Proceedings Must Proceed Expeditiously Ansal Properties & Infrastructure Ltd received confirmation of the Supreme Court of India's order dated April 16, 2026, concerning the disposal of Civil Appeal No(s).807-808/2026 and multiple connected legal matters. The ruling addresses the financial services firm IL AND FS Financial Services Limited versus Pranav Ansal and others.The Supreme Court, in its order, disposed of Civil Appeal Nos.807-808/2026 along with all related connected appeals.During the hearing, the Court noted that while it was not inclined to interfere with the order passed by the NCLAT, it kept open the questions of law raised by Mr. Gopal Jain and Mr. Sudhanshu...

Mafatlal Industries Ltd To Hold Board Meeting to Review FY2026 Results and Recommend Dividend Mafatlal Industries Ltd has scheduled a Board of Directors meeting on Tuesday, May 5, 2026. The meeting is set to consider and approve crucial matters related to the company's financial performance and the convening of its Annual General Meeting (AGM).The agenda items for the Board meeting include taking on record the Annual Audited Standalone and Consolidated Financial Results for the financial year ending March 31, 2026.A key focus of the meeting will be the consideration and recommendation of a final dividend, if any, for the financial year ended March 31, 2026. This recommendation remains subject to the final approval of the Equity...