Markets

Interarch Building Solutions Limited Secures Domestic Order Worth Approximately Rs.60 Crores Plus Tax Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, has secured a significant order for the supply of Pre-Engineered Steel Building Systems. The company confirmed the contract details, stating that the customer name could not be disclosed due to confidentiality and commercial considerations.The contract is classified as domestic, involving the Design, Engineering, Manufacturing, Supply, and erection of the specialized steel building system.The awarded contract is valued at approximately Rs.60 Crores Plus Tax. The scope of work requires the complete Design, Engineering, Manufacturing, Supply...

NCLT Issues Order on Apollo Hospitals Arrangement Scheme, Sets Meeting Dates for Creditors and Shareholders Apollo Hospitals Enterprise Limited announced that the National Company Law Tribunal (NCLT), Division Bench - II, Chennai, has passed an order providing for the convening of meetings for stakeholders involved in its proposed composite scheme of arrangement. The order, dated April 15, 2026, pertains to the application jointly filed by Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited.The proposed scheme involves the involved companies, including Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited...

Orient Green Power Company Ltd Enters 1.5 MW Wind Turbine Contract with Pioneer Wincon Energy Systems Orient Green Power Company Ltd, through its subsidiary Clarion Wind Farm Private Limited, has secured a contract for the supply of wind turbines aimed at re-powering an existing wind farm.The deal was approved by the Investment/Borrowing/Banking Committee of the Board of Directors of Clarion Wind Farm Private Limited, a Material Stepdown Subsidiary of Orient Green Power Company Ltd. The committee approved the contract during its meeting held on April 17, 2026. Accordingly, Clarion signed and executed the contract with M/s Pioneer Wincon Energy Systems Pvt Limited (Pioneer) on the same date.The agreement involves Pioneer supplying 2...

Indian Emulsifiers Limited Secures ₹20 Crore Funding Commitment from LC Venture Debt Fund Indian Emulsifiers Limited has secured a committed capital infusion of up to ₹20 Crore from LC Venture Debt Fund. This funding, structured through the issuance of secured, redeemable non-convertible debentures, signals strong institutional confidence in the company’s business model and long-term growth prospects.The commitment supports the company’s strategy to accelerate growth and strengthen its global subsidiaries.The funding arrangement is structured with immediate capital deployment and a phased drawdown mechanism. The company is currently subscribing to an initial tranche of ₹10 Crore, with the remaining capital reserved for future...

Tega Industries Incorporates Wholly Owned Subsidiary Tega Solutions Limited Tega Industries Limited announced the incorporation of its wholly owned subsidiary, Tega Solutions Limited (TSL). The Company received the Certificate of Incorporation for TSL from the Ministry of Corporate Affairs on April 17, 2026, following the subsidiary's incorporation on April 01, 2026.The move establishes Tega Solutions Limited, which is wholly owned by Tega Industries Limited. The object of the new entity is to provide management consultancy services and to function as a Global Capability Centre and Global Cost Centre for corporate entities.According to the details provided, the subsidiary will operate in the management consultancy activities sector...

Infosys Board Names Diane Enberg Jurgens as Independent Director; Helene Auriol Potier Reappointed Infosys Limited has announced the appointment of Diane Enberg Jurgens as an additional Independent Director, while also confirming the re-appointment of Helene Auriol Potier to the Board. Both appointments are effective following the recommendation of the Nomination and Remuneration Committee, and are subject to shareholder approval.The appointment of Diane Enberg Jurgens is effective from April 22, 2026, for a tenure of three years. Ms. Jurgens, a strategic Board Member and Technologist, brings extensive global C-suite experience and a proven track record in leading transformations across multiple industries. She currently serves as an...

Texmaco Rail Secures Order of Rs. 3.06 Crores from Modern Coach Factory Texmaco Rail & Engineering Limited has been awarded a contract worth Rs. 3.06 crores for the supply of bogie frame assemblies. The order was placed by Modern Coach Factory, Raebareli, marking a significant domestic contract win for the company.The contract pertains to the supply of Bogie Frame Assembly for Non-AC Air Spring type LHB Fiat Bogie. The details of the order, including the scope of work and commercial terms, confirm that the awarding entity is domestic.The total value of the order, excluding taxes, stands at Rs. 3.06 crores. The execution timeline stipulated for this contract is within 301 days from the date the order is issued.Key details...

Meta Poised to Slashing Thousands of Jobs as AI Reshapes Global Tech Landscape New Delhi, April 18 US tech giant Meta (formerly Facebook) is reportedly preparing for significant workforce reductions. Sources suggest the company may plan to lay off at least 10 per cent of its global staff next month.These planned cuts could affect nearly 8,000 workers, marking a substantial reduction in the company's operational size. Furthermore, the raw data indicates that additional rounds of layoffs are anticipated later in the year, although specifics remain unconfirmed.Scale of Potential Reductions at Meta The initial round of cuts expected in May is projected to target approximately 10 per cent of Meta's total global workforce. However, the...

Opposition Accused of Blocking Key Constitutional Reform, Threatening Women's Representation Rights Dispute Over Constitution Amendment Bill Ignites Political Debate A major legislative confrontation has emerged in Indian politics following remarks by External Affairs Minister Dr. S. Jaishankar. The debate centers on the Constitution Amendment Bill, which is crucial for the implementation of the Nari Shakti Vandan Adhiniyam.Minister Jaishankar strongly criticized key opposition parties for their actions regarding the bill's passage. He alleged that blocking the amendment undermines women's fundamental rights to representation within legislative bodies.Key Allegations Regarding Legislative Blockade In a direct social media statement...

Sensex, Nifty Surge Amid US-Iran Peace Talks Optimism; Oil Dip Powers Market Recovery The Indian benchmark indices concluded the week on a strong note, fueled by heightened optimism surrounding ongoing US-Iran peace talks. This positive global backdrop, coupled with rupee appreciation and moderation in crude oil prices, drove broad-based buying across key sectors.On Friday's close, Sensex surged by 504.86 points, marking a gain of 0.65 per cent to settle at 78,493.54. Simultaneously, Nifty gained 156.80 points, also climbing 0.65 per cent to close at 24,353.55. Analysts pointed to this robust performance as evidence of improving trader sentiment across the board.Market Breadth Outperforms Benchmark Indices While both Sensex and...

Korean Won Stabilizes at 1,460 Against Dollar as Geopolitical Easing Spurs Optimism Won Stabilizes Amid De-escalation Hopes in Washington Korean currency gains momentum, stabilizing against the US dollar. Finance Minister Koo Yun-cheol stated that the Korean won has been stabilizing following its previous depreciation. This positive movement comes as international tensions ease. The stabilizing trend is occurring amid hopes that the Korean won will align with broader market expectations.Koo made these remarks during a meeting with reporters in Washington. The Korean currency strengthened to the 1,460 won range against the greenback. This shift followed Iran's reopening of the crucial Strait of Hormuz. Such developments are fueling...

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...