Markets

HDFC Bank Profit Surges as Robust Q4 Earnings Cement Market Confidence HDFC Bank reported a significant surge in its quarterly net profit, reaffirming its position as a market leader among private sector lenders. The city-headquartered bank announced an 8.04 per cent rise in its consolidated net profit for the March quarter. This strong performance underlines solid operational execution and sustained business growth across multiple verticals.The bank's consolidated net profit reached ₹20,350.76 crore for the March quarter. This figure represents a substantial year-on-year increase compared to the ₹18,834.88 crore reported in the corresponding period last year.Q4 Net Profit Surges, Driving Market Optimism The bank's performance was...

Meghmani Organics Limited Announces Re-appointment of Three Independent Directors Meghmani Organics Limited reported that shareholders have approved the re-appointment of three Non-Executive Independent Directors. The approvals pertain to a second term of three consecutive years for each director, effective May 5, 2026.The shareholders approved the Special Resolutions for the re-appointment of:Mr. Manubhai Patel (DIN: 00132045) Prof. (Dr) Ganapati Yadav (DIN: 02235661) Ms. Urvashi Shah (DIN: 07007362)The Board of Directors has confirmed that all three directors are not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.Director...

India Unlocks Offshore Energy Boom: Ministry Directs Critical Shift from ‘Blind Exploration’ to Data-Driven Discovery New Delhi. India is fundamentally reshaping its approach to offshore energy, making a strategic pivot from 'blind exploration' methods to a highly sophisticated, data-led discovery model. Petroleum and Natural Gas Minister Hardeep Singh Puri made this directive clear on Saturday, emphasizing the critical need for a more collaborative and open data ecosystem across the sector.The move was solidified during a conference convened by the Directorate General of Hydrocarbons (DGH) on 'Data Driven Exploration.' The event aimed to engage industry stakeholders on accelerating India's overall exploration outcomes. This...

Network18 Releases Standalone and Consolidated Financial Results for March 31, 2026 Network18 Media & Investments Limited has reported its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results, presenting comprehensive data for both standalone and consolidated operations.Standalone Financial Highlights The company's standalone financial results for the quarter and year ended March 31, 2026, reflect key performance metrics across various periods.Standalone Financial Results (in fin crore)ParticularsQuarter Ended (31 Mar'26)Quarter Ended (31 Dec'25)Quarter Ended (31 Mar'25)Year Ended (31 Mar'26)Year Ended (31 Mar'25)Value of Sales and...

ICICI Bank Announces Dividend, Reports Strong Financial Results for FY2026 ICICI Bank Limited announced key operational and financial updates following its Board meeting held on April 18, 2026. The Board recommended a dividend of ₹ 12 per equity share for the financial year 2026, pending approval from the Annual General Meeting.In addition to the dividend recommendation, the Board also approved the audited financial results of the Bank, covering both standalone and consolidated figures for the quarter and year ended March 31, 2026. The Bank also renewed its annual fundraising limits.Key Operational and Corporate Updates The Board approved the following significant corporate actions:Fundraising Limits: The bank's fund-raising...

HDFC Bank Announces Financial Results for March 2026, Recommends Final Dividend of ₹15.50 HDFC Bank Limited announced the approval of its financial results for the quarter and year ended March 31, 2026, at a board meeting held on April 18, 2026. The Board of Directors also recommended a final dividend and approved major capital structures and amendments to its employee incentives.The Bank reported significant figures across its operational segments, with the financial results reflecting both standalone and consolidated performance for the fiscal year.Financial Performance for FY 2026 Standalone Results: For the year ended March 31, 2026, the Bank reported a Net Profit for the period of ₹ 74,671.29 crore.The financial year metrics...

Centre Intervenes: Potato Procurement Surge in UP, Boosting Farmer Income Across States The Central government has initiated a multi-state procurement push, clearing massive potato purchases in Uttar Pradesh. These measures aim to safeguard farmers against distress sales and ensure they receive remunerative prices for their crops. The Ministry of Agriculture has rolled out key decisions covering potatoes, gram, and tur across several Indian states.Mega Procurement Drive Initiated in Uttar Pradesh As a major intervention to stabilize the potato market, the Centre approved the procurement of 20 lakh tonnes of potatoes in Uttar Pradesh. The market intervention price set for this massive purchase is Rs 6,500.90 per tonne.This...

Pakistan Faces Crisis as Illicit Cigarettes Dominate Market, Tax Evasion Reaches 55% Share In a major blow to fiscal revenue, Pakistan has been identified as hosting the world's largest market for illicit cigarettes. According to British American Tobacco (BAT) Group's Head of International Trade and Fiscal Affair, Simon Trussler, the share of illicit cigarettes has reached a staggering 55 per cent. This figure highlights the extent of tax evasion occurring within the country's tobacco sector.While the Federal Board of Revenue (FBR) is actively working to resolve the challenge, Trussler noted that the problem remains highly significant. The finding underscores a systemic issue where domestic taxes are being widely bypassed by the...

Hathway Profit Plunges 67.7% Despite Revenue Gains, Company Names New Leadership Hathway Cable & Datacom Ltd., a major provider of cable and internet services, reported a significant decline in its consolidated net profit for the fourth quarter of fiscal year 2026. The company disclosed that its net profit dropped 67.7 per cent, settling at ₹11.25 crore for the quarter ended March 2026.This steep decline contrasts sharply with the profit posted in the same period last year. According to regulatory filings, the company had recorded a net profit of ₹34.8 crore during the January-March quarter of 2025.Q4 Financial Performance Under Scrutiny While the profit figures signal a substantial slowdown, the underlying revenue stream showed...

National Securities Depository Ltd Reports Cessation of Dr. Madhu Sudan Sahoo's Tenure as Public Interest Director National Securities Depository Limited (NSDL) announced the conclusion of Dr. Madhu Sudan Sahoo's first term as Public Interest Director (PID) on its Governing Board. The tenure officially ended at the close of business hours on April 17, 2026.Following the conclusion of his first term, Dr. Sahoo confirmed that he would not be seeking re-appointment for a second term as a Public Interest Director.The Governing Board and the Management of NSDL expressed sincere appreciation and gratitude for the outstanding leadership, guidance, and valuable contributions made by Dr. Sahoo during his association with the company as PID...

Shakti Pumps Invests Rs. 17 Crore in Subsidiary for 2.20 GW Solar Manufacturing Plant Shakti Pumps (India) Limited has announced a strategic investment of Rs. 17,00,00,000/- (Rupees Seventeen Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited. This funding was completed on April 17, 2026, to support the establishment of a major manufacturing facility dedicated to green energy technologies.The investment aims to set up a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The new facility boasts a substantial production capacity of 2.20 GW.Shakti Energy Solutions Limited (SESL) is the subsidiary receiving the investment. Incorporated on September...

Yes Bank Reports Robust Q4FY26 and FY26 Results, Noting Profitability and Asset Growth Yes Bank Limited announced its audited Standalone and Consolidated Financial Results for the Quarter (Q4) and the full year ended on March 31, 2026. The bank reported robust performance, driven by increased profitability, strong deposits growth, and improved asset quality across the reporting periods.During Q4FY26, the bank's net profit reached INR 1,068 Crs, representing a 44.7% year-over-year increase and a 12.3% quarter-over-quarter rise. For the full financial year FY26, net profit stood at INR 3,476 Crs, marking a 44.5% increase year-over-year.In terms of operational efficiency and profitability ratios, the bank reported notable improvements...

Kanoria Chemicals Allots 7% Preference Shares to Promoter Group Entity Kanoria Chemicals & Industries Limited announced that its Board of Directors, during a meeting held on April 18, 2026, approved the allotment of 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS). The allotment will be executed through a preferential allotment on a private placement basis.The company confirmed the allotment to R. V. Investment and Dealers Limited, identified as a Promoter Group Entity. The preference shares have a face value of Rs. 1,000 each.According to the details provided, the preferential allotment involves the issuance of 4,95,000 NCRPS. The transaction is structured as follows:ParticularsDetail...

ASI Industries Ltd Sells Entire Shareholding in Lloyds Metals and Energy ASI Industries Limited announced the complete divestment of its investment in Lloyds Metals and Energy Ltd. The sale, which occurred on April 17, 2026, saw the company offload its entire stake in the metal company through open market transactions.The sale involved 75,000 equity shares of Lloyds Metals and Energy Ltd. Prior to the transaction, these shares constituted approximately 0.014% of the paid-up share capital of Lloyds Metals and Energy Ltd. The divestment was executed at prevailing market prices via the stock exchange.Following the sale of the investment, ASI Industries Limited reported that its holding of equity shares in Lloyds Metals and Energy Ltd...

Neogen Chemicals Ltd Allots 10 Lakh Shares Through Preferential Allotment to Promoter Group Neogen Chemicals Ltd announced on April 18, 2026, the successful allotment of 10,00,000 Equity Shares on a preferential basis. The allotment followed a Special Resolution passed by the company’s members at the Extraordinary General Meeting held on March 29, 2026, and in-principle approvals received from BSE Limited and the National Stock Exchange of India Limited on April 17, 2026.During a meeting of the Fund Raising Committee of the Board of Directors held on April 18, 2026, the company considered and approved the allotment of these securities.The details of the preferential allotment are as follows:ParameterDetailsNumber of Shares...

Yes Bank Announces Audited Q4 and Year-End Financial Results for March 31, 2026 Yes Bank Limited announced on April 18, 2026, that its Board of Directors held a meeting to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter (Q4) and the full financial year ended March 31, 2026.The Bank issued the results alongside a report from the Joint Statutory Auditors. The Joint Statutory Auditors issued an unmodified opinion on the standalone financial results for the year ended March 31, 2026.The Bank confirmed that the Board approved the audited financial results, which include specific line items as applicable.Financial Performance Overview The financial results for the quarter ended March 31...

BECIL and C-DAC Forge Digital Alliance to Accelerate India’s AI, 5G Transformation New Delhi saw a major strategic push into the technological infrastructure sector this week. State-owned Broadcast Engineering Consultants India Limited (BECIL) has partnered with the Centre for Development of Advanced Computing (C-DAC). This significant Memorandum of Understanding (MoU) aims to drive advanced technologies, digital transformation, and comprehensive capacity building across India's key industries.The collaboration, announced by the Ministry of Information and Broadcasting, focuses on joint project implementation and technical support. It is positioned to rapidly develop scalable solutions in India's most transformative digital domains...

India Set for Strategic Trade Boost: Why Dube TradePort SEZ is Key to Deepening India-South Africa Ties New Delhi is eyeing a significant expansion of its economic footprint in Africa. Specifically, Indian investors are exploring major opportunities within South Africa’s Dube TradePort Special Economic Zone (SEZ). The move signals a strategic effort to strengthen India's economic engagement with a key logistics and manufacturing hub on the continent.According to a recent report published in IOL, the Dube TradePort SEZ is highly attractive due to its unique integration. It is noted as South Africa’s only SEZ directly linked with an international airport, King Shaka International Airport. This connectivity offers a powerful structural...

Central Authorities Launch Mega Probe After Fatal Vedanta Power Plant Blaze in Chhattisgarh A major investigation is underway following a deadly accident at the Vedanta power plant located in Dabhra tehsil of Sakti district, Chhattisgarh. The incident, which took place on April 14, resulted in significant loss of life and serious injuries to multiple workers.Central authorities have taken notice of the gravity of the situation. A dedicated central team, comprising officials from the Department of Industrial Safety and Boiler Inspectors, is expected to begin a comprehensive probe into the plant's operations.State and Central Investigations Launched into Vedanta Disaster Following the submission of a detailed report by the State...

Cella Space Ltd Forms Five Wholly-Owned Subsidiaries to Expand Industrial Real Estate Portfolio Cella Space Ltd has established five new wholly-owned subsidiaries (WOS) to further its business objective of developing industrial parks and expanding its presence in the industrial warehousing sector.The Company confirmed the incorporation of the five WOS, each structured with a paid-up capital of Rs. 1 lac, comprising 10,000 equity shares of Rs. 10 each.The newly formed subsidiaries are: 1. Landlink Warehousing Private Limited (LWPL) 2. Store Max Logistics Parks Private Limited (SMLPPL) 3. SafeHold Warehousing Private Limited (SWPL) 4. Victara Industrial Parks Private Limited (VIPPL) 5. Summitra Industrial Ventures Private Limited...