Markets

NITI Aayog Demands Mega Boost: How States Must Develop World-Class Tourism Destinations Tourism has been identified by NITI Aayog as a critical growth catalyst, aligning with the vision of Prime Minister Narendra Modi. Suman Bery, Vice Chairman of NITI Aayog, stressed the urgent need for every state to develop world-class destinations. This focus must be particularly robust in encouraging longer tourist stays, especially within domestic and religious tourism segments.Centre-State Collaboration and Infrastructure Mandates Addressing a recent event, Mr. Bery emphasized that achieving this tourism potential requires systemic improvements. He highlighted the necessity of stronger Centre-State collaboration for effective policy...

Massive Tragedy on Valparai Ghat: Ten Lives Lost as Van Rolls Off Coimbatore Mountain Road The nation was plunged into mourning following a devastating road accident in the Coimbatore district of Tamil Nadu. The tragedy occurred last evening on the Valparai ghat road near the 9th hairpin bend. A van carrying 16 people from Kerala was travelling on the winding mountain stretch when it tragically rolled down the hill.Ten people were confirmed dead in the incident, and several others sustained injuries. The injured survivors have been immediately admitted to nearby hospitals for urgent treatment and care.Details of the Coimbatore Road Accident The accident unfolded at the Valparai ghat road, a critical mountain route in the Coimbatore...

Women's Reservation Bill Sparks Political Firestorm: Minister Slams Opposition for Blocking Empowerment Justice The debate surrounding the Women's Reservation Bill has intensified significantly following strong criticism from Civil Aviation Minister K. Rammohan Naidu. The Minister directly targeted the Congress-led opposition, accusing them of obstructing crucial measures aimed at boosting women's representation in the democratic process.In a public statement via social media, Mr. Naidu voiced his profound disappointment with the opposition's stance. He emphasized that the timing of the obstruction is particularly notable, given the country's current trajectory towards promoting women's empowerment.Minister Criticizes Opposition's...

India-Austria Forum Ignites Trade Push: Fast-Track Mechanism Boosts Bilateral Investment Ties The Indo-Austrian partnership saw a significant boost toward enhanced economic cooperation with the recent India-Austria Business Forum in New Delhi. The event, held during the visit of Austrian Chancellor Dr Christian Stocker, was specifically designed to strengthen trade and investment ties between India and Austria.The forum was led by Union Commerce and Industry Minister Piyush Goyal, emphasizing the potential for scaling up bilateral trade. Austrian Federal Minister of Economy, Energy and Tourism, Wolfgang Hattmannsdorfer, also participated, reinforcing the commitment to deepening economic engagement.Boosting Trade Ties Through...

₹865 Crore in Seizures: EC Cracks Down on Campaign Illegalities in Bengal and Tamil Nadu The Election Commission of India has reported a massive crackdown on illegal election financing in Tamil Nadu and West Bengal. Seizures across both states have cumulatively exceeded ₹865 crore, spanning pre-assembly elections and recent by-elections. This unprecedented financial scale highlights the Election Commission's vigilance in enforcing the Model Code of Conduct (MCC).Scale of Pre-Election Seizures Authorities have recovered significant contraband and illegal funds over the past weeks. West Bengal alone recorded seizures worth ₹427 crore since the Election Seizure Management System was activated on February 26th. Similarly, Tamil Nadu...

Coforge Limited Announces Changes in Senior Leadership, Marks Significant M&A Milestones Coforge Limited has announced changes in its senior management personnel, noting the resignation of key executives responsible for global M&A and investor relations.The company confirmed that Anup Kumar, EVP & Head M&A (SMP), and Manish Hemrajani, Head of Investors Relations, are resigning from their respective positions. Both executives' tenure will officially cease at the close of business hours on April 17, 2026, based in the USA.The resignations mark a period of significant operational activity for Coforge, particularly in the areas of Mergers and Acquisitions.Key Personnel Changes The following table details the senior management changes...

Rathi Steel Receives GreenPro Ecolabel Certification for Sustainable TMT Rebars Rathi Steel and Power Limited (RSPL), a leading special steel manufacturer in the National Capital Region, has received the prestigious GreenPro Ecolabel Certification from the Confederation of Indian Industry (CII). The certification was awarded for its Rathi Powertech brand of TMT rebars manufactured at the company's Ghaziabad Unit. This milestone highlights RSPL's dedication to sustainable manufacturing practices and environmental stewardship.The GreenPro certification, recognized as a Type-1 Ecolabel, specifically covers the Fe 550 Grade of TMT Rebars. The award reinforces RSPL's commitment to sustainable steel production and provides significant...

NTPC Group Boosts Installed and Commercial Capacity Following Rajasthan Solar Project COD NTPC Ltd. announced significant additions to its capacity portfolio following the declaration of the Commercial Operation Date (COD) for a major solar project by a group company of NTPC Green Energy Limited (NGEL). The operational expansion enhances the overall installed and commercial capacity of the NTPC group.A group company of NTPC Green Energy Limited (NGEL) declared the COD for 87.50 MW of solar capacity. This newly operational capacity is derived from a larger 150 MW Solar Project located in Rajasthan. The COD for this capacity boost is effective from 19th April 2026.Following this operational update, the total installed capacity of the...

Ministry Approves Revision of HPCL Rajasthan Refinery Project Cost Hindustan Petroleum Corporation Ltd (HPCL) has received approval from the Ministry of Petroleum & Natural Gas for the revision of the cost and investment details for the Hindustan Petroleum Corporation Ltd (HPCL) Rajasthan Refinery Limited (HRRL) Project.The Ministry of Petroleum & Natural Gas advised the revision of the project cost from Rs. 43,129 Crore to Rs. 79,459 Crore. This revision is accompanied by an increased HPCL equity investment of Rs. 19,600 Crore, which is necessary to maintain HPCL's equity stake of 74% in the venture.The revised financial details for the HRRL Project are as follows:Metric Original Value Revised ValueProject Cost Rs. 43,129...

CRISIL Reaffirms AAA/Stable Rating for New India Assurance Company Ltd CRISIL ratings has reaffirmed its CRISIL AAA/Stable rating to The New India Assurance Company Limited, a major undertaking of the Government of India.The rating affirmation, which carries a Stable outlook, reinforces the company's strong credit standing within the financial sector.Issuers holding the CRISIL AAA rating are considered by the agency to possess the highest degree of safety regarding the timely servicing of their debt obligations. Consequently, debt exposures to such issuers are assessed to carry the lowest credit risk.The New India Assurance Company Limited remains a significant entity in the insurance sector, and the reaffirmed rating provides...

Astec Lifesciences Ltd. Board Meeting Scheduled to Approve Financial Results for Year Ending March 31, 2026 Astec Lifesciences Ltd. has scheduled a meeting of its Board of Directors to review and approve its financial results for the quarter and the full financial year ended March 31, 2026.The Board Meeting is set to take place on Monday, April 27, 2026. During the meeting, the primary focus will be considering and approving the Standalone and Consolidated Audited Financial Results and Statements for the period, following a comprehensive review by the Audit Committee.Astec Lifesciences Ltd. maintains a strong commitment to quality and sustainability, evidenced by its adherence to multiple international standards. The company holds...

BHEL Reports 18% Revenue Growth for FY 2025-26, Strong Order Book Sustains Momentum New Delhi, April 17, 2026: Bharat Heavy Electricals Limited (BHEL), a major engineering and manufacturing enterprise in the power and infrastructure sector, reported a strong financial performance for the fiscal year 2025-26. The company announced a provisional and unaudited turnover of around Rs. 32,350 crores for FY 2025-26, representing an 18% growth compared to the previous year.During the reporting period, BHEL secured total order inflows amounting to around Rs. 75,000 crores. Coupled with this performance, the company's total outstanding order book at the close of FY 2025-26 stood at approximately Rs. 2.4 lakh crores.Key Business Segments and...

Axis Bank Receives EPFO Orders for Damages and Interest Related to Fund Remittance Axis Bank Limited confirmed receipt of speaking orders from the Employees Provident Fund Organization (EPFO) concerning the remittance of provident fund and allied dues. The orders pertain to damages and interest calculated for the period between April 1, 2022, and June 13, 2024.The EPFO issued the recovery orders, identifying the recovery of interest under section 7Q and damages under section 14B. The direction and orders were dated March 27, 2026.The total amounts levied are detailed below:Component Authority AmountDamages (s/ 14B) Employees Provident Fund Organization Rs. 91,50,641Interest (s/ 7Q) Employees Provident Fund Organization Rs...

India Ratings Affirms IND BBB-/Stable Ratings for Purple Finance's Debt Instruments India Ratings and Research Private Limited (IND-RA) has affirmed and assigned credit ratings to Purple Finance Limited's (PFL) debt instruments, reflecting the company's current capital structure, growth trajectory, and operational standing.The ratings agency assigned the following ratings to the company's instruments:Instrument Type Size of Issue (million) Rating Assigned Rating ActionNon-Convertible Debenture* INR 500 IND BBB-/Stable AffirmedBank Loan Facilities INR 1,250 IND BBB-/Stable AffirmedNon-Convertible Debentures* INR 500 IND BBB-/Stable AssignedKey Financial Performance and Growth Drivers IND-RA assessed PFL's profile by...

Veedol Corporation Limited Reports Resignation of Executive Director, Group Supply Chain Management Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, announced the resignation of a key senior management personnel. The departure involves Mr. Sanjeev Wangoo, who held the position of Executive Director, Group Supply Chain Management.The resignation of Mr. Wangoo is effective from the close of business on Friday, 17th April, 2026.Veedol Corporation Limited provided a detailed summary of the personnel change, confirming the following operational update:Particulars DetailsReason for change ResignationDate of cessation With effect from close of business on 17th April, 2026Position Executive...

Jio Financial Services Announces Availability of Financial Results Presentation Recording Jio Financial Services Ltd provided the audio/video recording of its presentation discussing the Audited Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2026.The presentation was made to analysts on April 17, 2026. According to the company, the session concluded on this day at 8.25 p.m. IST.The recorded presentation, covering the audited financial results for the period, is accessible on the company's official website.JIOFIN Stock Price Movement Today, shares of Jio Financial Services Limited gained 1.46% to settle at ₹243.86, reflecting strong buying interest in the financial services sector. The...

Banka BioLoo Limited Announces Resignation of Company Secretary and Compliance Officer Banka BioLoo Limited confirmed the resignation of Mrs. Nitika Lakhotia from the roles of Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on 30 April 2026.The company confirmed that Mrs. Nitika Lakhotia is stepping down to pursue a better career opportunity outside the organization.The board has accepted the resignation, relieving her of her duties and responsibilities effective April 30, 2026.The details surrounding the cessation of her services are as follows:Particulars InformationResignation Details Mrs. Nitika Lakhotia resigned from the position of Company Secretary and...

Uniparts India Limited Reports Full Deletion of INR 25,79,86,410 Tax Demand Following Rectification Order Uniparts India Limited has announced a material development regarding its pending litigation, confirming that a significant tax demand has been fully deleted following a rectification order.The company confirmed that the Assistant Commissioner of Income Tax, Circle 25(1) - New Delhi, issued a rectification order concerning the assessment order for the Assessment Year (AY) 2024-25. This assessment order was initially passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961.As a direct result of this rectification, the tax demand amounting to INR 25,79,86,410/- has been completely deleted. The company received...

Zee Entertainment Enterprises Announces Strategic Investment in PhantomFX to Boost AVGC Content Creation Zee Entertainment Enterprises Ltd. (Z) has announced a strategic investment in Phantom Digital Effects Ltd. (PhantomFX), the renowned visual effects and animation studio. The move aims to significantly enhance Z's presence and content creation capabilities within the high-potential Animation, Visual Effects, Gaming, and Comics (AVGC) segment.The partnership is designed to leverage content creation and distribution synergies at a global level across various platforms. Z plans to acquire Compulsorily Convertible Debentures (CCDs) in PhantomFX, up to Rs. 116 crores, which will be done through preferential allotment in one or more...

Crompton Greaves Consumer Electricals Ltd Launches Premium BLDC Product Energion Niteo Pro Crompton Greaves Consumer Electricals Ltd announced a significant product launch on April 17, 2026. The company introduced its new offering, Energion Niteo Pro, which falls under the Premium BLDC category.The newly launched product is designed for the domestic market. Crompton Greaves Consumer Electricals Ltd confirmed that the initial launch version of the Energion Niteo Pro was available in the 48' Sweep Size, with the 36' size expected to be available later.Details of the product launch are summarized below:Product Name Launch Date Category Market Scope DetailsEnergion Niteo Pro 17-04-2026 Premium BLDC Domestic Launched in 48' Sweep...