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🇮🇳 India Daybook ~ Stocks in News


*Zydus Lifesciences:* Company expands into France, establishes new unit via acquisition of orthopedic firm. (Positive)

*Ircon International:* Company has been awarded a contract of Rs 127.8 crore by S&T (Construction), North Western Railway, Indian Railways. (Positive)

*Ashoka Buildcon:* Company declared L-1 bidder for a project worth ₹569 cr by Central Railway. (Positive)

*Prataap Snacks:* Mahi Madhusudan Kela name appears in the holding with 4.61% stake in shareholding update. (Positive)

*Aurobindo Pharma:* Company gets USFDA nod for generic Xarelto 2.5mg, eyes $447 million US market. (Positive)

*Ahluwalia Contracts:* Company has been awarded a new order. The order, worth ₹396.50 Crores (excluding GST), comes from M/s Godrej Properties. (Positive)

*NHPC:* Company Commissions part of 300 MW Rajasthan solar project (Positive)

*Cyient:* Company has been awarded a strategic contract to support Green H Bodø in the development and execution of its hydrogen production and distribution facility in Bodø, Norway. (Positive)

*Tata Power:* Company’s renewable energy portfolio reaches 10.9 GW capacity after signing PPA with NTPC Limited for 200 MW Firm and Dispatchable Renewable Energy Project. (Positive)

*HCL Tech:* Company bags 3 new Google Cloud specialisations, expands AI and cloud expertise. Company Integrates Nvidia Ai Enterprise and Omniverse with Company Genai Solutions (Positive)

*Vadilal Enterprises:* India Ratings and Research has upgraded the company's credit ratings. (Positive)

*Godrej Industries:* Company acquires food additives business of Savannah Surfactants. (Positive)

*Transrail Lighting:* Company has secured new orders worth ₹1,085 crore in the domestic market. (Positive)

*Indian Hotels:* Company announced an increase in its footprint with 100 new locations in FY25, comprising 74 signings and 26 hotel openings, expanding its portfolio to 380 hotels. (Positive)

*Sunlite Recycling:* Company announced the launch of a new product, Annealed Tinned Coated Copper (Positive)

*HEC Infra:* Company announced receiving a work order from MIS Blue pine energy Private Limited, valued at Rs 9.62 crores. (Positive)

*Paramatrix Technologies:* Company will meet on April 18 to consider a share buyback. (Positive)

*KPIT Technologies:* Company has invested €1.37 million (₹13.3 Cr) in KPIT Engineering SUARL, Tunisia. (Positive)

*NIBE:* Subsidiary Nibe Space Pvt Ltd has received IN-SPACe registration to operate as a 'Data Disseminator' for Earth Observation (EO) data with Ground Sampling Distance over 30 cm in India. (Positive)

*PNB:* Fugitive Mehul Choksi, accused in ₹13,850 crore PNB scam, arrested in Belgium (Positive)

*Power Stocks:* Power Ministry announces that the Central Electricity Authority (CEA) will approve 22,000 MW Hydro Pump Storage Projects (PSP) in FY26. (Positive)

*Dixon/ Optimius:* Trump exempts phones, computers, chips from ‘reciprocal’ tariffs (Positive)

*Macrotech:* Lodha Brothers Settle Dispute Amicably Under Family Mediation (Positive)

*Havells:* Company announces a strategic investment in Goldi Solar to accelerate its growth in the renewable energy sector. (Neutral)

*SBI:* Bank has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut (Neutral)

*Dr Reddy's:* Company denies workforce reduction claims, refutes Business Standard report. (Neutral)

*Deepak Fertilizers:* Company announced the resignation of Mr. Mukul Kumar Agrawal, President – Manufacturing. (Neutral)

*Adani Ports:* Board meeting set for April 17, 2025, to consider fund raising through issuance of equity shares (Neutral)

*Renaissance Global:* Company announced the closure of its Bhavnagar, Gujarat unit effective April 15, 2025. (Neutral)

*DEE Development:* Company announced the Board of Directors approved increasing borrowing powers up to ₹2,000 Cr (Neutral)

*Shantai Industries:* Company announced a record date of May 9, 2025, for a stock split (Neutral)

*Tejas Networks:* Company announced that Mr. Abhijat Mitra, Chief Human Resources Officer and Senior Management Personnel, resigned on April 14, 2025. (Neutral)

*Sasken Technologies:* Company completes acquisition of Borqs Technologies to strengthen IoT and 5G Product Engineering Capabilities. (Neutral)

*Greaves Cotton:* Mr. Parag Satpute appointed as Managing Director & Group CEO, effective April 14, 2025 (Neutral)

*Reliance Industries:* Company acquires additional stake in Nauyaan Shipyard for Rs 51.72 crore (Neutral)

*ICICI Bank:* Board meeting intimation to consider fundraising through issuance of debt securities and buyback of debt securities within authorized limits on 19th April. (Neutral)

*Union Bank:* Government Re-nominates Suraj Srivastava as part-time non-official director (independent director) on the bank’s board w.e.f. April 11, 2025 (Neutral)

*Poddar Pigments:* Company announced the resignation of Shri Anil Kumar Sharma from the roles of Company Secretary, Compliance Officer. (Neutral)

*JK Cement:* Company board to consider fund raising of up to Rs 500 crore via NCDs on 24th May, 2025. (Neutral)

*Peninsula Land:* Company announced the cessation of Mr. Mukesh Kumar Gupta as Company Secretary and Compliance Officer, effective April 10, 2025. (Neutral)

*Mangalam Drugs:* Company announced the appointment of Mr. Ajay A. Samant as Chief Financial Officer (CFO) effective April 11, 2025. (Neutral)

*Himatsingka Seide: Board Meeting On April 17 to Consider and Approve Proposal for fund raising through Non-Convertible Debentures (Neutral)

*W.S. Industries:* Company announced that its board decided to purchase 74.94 acres of land for Rs 54.66 Crores in Tamil Nadu. (Neutral)

*Persistent Systems:* NCLT, Mumbai Approves merger of Capiot Software Approved into the Company (Neutral)

*Sula Vineyards:* Net Revenue Up 0.7% at ₹132.6 Cr Vs ₹131.7 Cr (YoY) (Neutral)

*Repco Home Finance:* Company appoints Thangappan Karunakaran as Managing Director & Chief Executive Officer. (Neutral)

*Delhivery:* Company to acquire Ecom Express for ₹1,400 crore in all-cash deal. (Neutral)

*Vedanta:* Company faces ₹71 crore fine over fly ash disposal; company to challenge order. (Neutral)

*Home First:* Company announced the issue and allotment of 12,886,597 fully paid-up equity shares to qualified institutional buyers at ₹970.00 per share (Neutral)

*GlaxoSmithKline Pharma:* Company received an order from CGST and Central Excise Authorities, Mumbai, raising a demand of Rs 21.6 crore (Neutral)

*NCL Ind:* Cement production and sales increased by 8% and 7% QoQ, but decreased by 6% YoY. (Neutral)

*Kody Technolab:* Company acquired 2,06,250 CCPS of World EMS Private Limited on Mar 29, 2025, at ₹400/share. (Neutral)

*Ashoka Buildcon:* Company has sold its entire stake (100%) in 16 wholly-owned subsidiaries to Unique Hybrid Renewables Energy Private Limited. (Neutral)

*Welspun Corp:* Company completed the sale of 10% equity shares of Nauyaan Shipyard Private Limited, receiving ₹54.63 Cr. (Neutral)

*Tanfac:* ICRA Limited has reaffirmed the credit ratings for Tanfac Industries Ltd. (Neutral)

*Brigade:* ICRA has reaffirmed the long-term and short-term credit ratings for the company's credit facilities. (Neutral)

*Info Edge:* Company announced May 7 as a record date for stock split of 1 shares into 5 shares (Neutral)

*HAL:* Company denies finalising consultancy firm PwC for R&D benchmarking. (Neutral)

*Continental Controls:* Company announced the appointment of Ms. Megha Yatin Raut as the new CFO on April 12, 2025. (Neutral)

*Glenmark, Sun Pharma, Zydus:* Recalled some products in US over compliance issues. (Neutral)

*Quess Corp:* Ex-date today; Demerger of Digitide Solutions, and Bluspring Enterprises. Ratio 1:1:1 (Neutral)

*Hexaware:* Ex-date today; Dividend - Rs 5.75 per Share. (Neutral)

*Mini Diamonds:* Board meeting today to consider Preferential Issue of shares. (Neutral)

*ICICI Lombard/ ICICI Pru/ GM Brew/IREDA/MRP Agro:* Board meeting today to consider quarterly earnings. (Neutral)

*Ashiana Housing:* Q4 sales bookings fall 33% to Rs 575 crore

*Walchand Nagar:* Declares lockout of Satara plant in Maharasthra due to workmen issues.

*TCS:* Company wage growth crawls to a record low as IT budgets get squeezed.

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 Foxconn eyes 300 acres in Greater Noida for first North India facility

📝 Goldman Sachs raises year-end gold forecast to $3,700 on strong demand

📝 Godrej Industries acquires Savannah Surfactants' food additives business

📝 Tata Sons to utilise hefty TCS dividend to invest in new businesses

📝 Lodha brothers Abhishek, Abhinandan resolve all outstanding disputes

📝 Unsold affordable units drop 19% in top 7 cities in Q1CY25, bucking slump

📝 Jupiter International secures ₹500 cr investment to boost solar capacity

📝 Tata Power Renewable Energy, NTPC join hands to set up 200 MW green project

📝 Govt to give bulk of ₹10,000 cr startup fund to AI, tech sectors: Official

📝 India preparing to ship 40,000 tonnes of shrimp to US after tariff pause

📝 Golden Growth Fund buys land parcel in South Delhi, eyes ₹100 crore revenue


*Economic Times :*

📝 Apple reportedly manufactured iPhones worth $22 billion in India in just 12 months

📝 Diesel demand growth falls to lowest since pandemic

📝 HDFC Capital, Eldeco join hands for Rs 1,500 cr push into tier-2 and tier-3 housing

📝 Nidhi Kaistha appointed as Head of Lamborghini India

📝 Pfizer ends development of weight-loss pill danuglipron

📝 Pratt & Whitney appoints Ashish Saraf as VP, India head

📝 Credit rating upgrade to boost Voda Idea Rs 25,000 crore debt raising efforts: Citi

📝 Luxury housing sales record 28% Y-o-Y growth across top seven cities in Q1 2025

📝 Mudra Yojana: Rs 33 lakh crore of collateral-free loans sanctioned, 68 pc beneficiaries women

📝 Bank of Maharashtra slashes retail loan rates by 25 bps

📝 ANZ cuts fixed home loan and term deposit rates amid economic uncertainty

📝 Freight rates to spike as Indian exporters rush shipments amid 90-day US tariff pause


*Mint :*

📝 India’s hospitality transactions saw shift towards tier II, III cities in 2024: Report

📝 Barclays Sues Ex-Banker Over £3.5 Million in Retirement Payments

📝 ONDC gets eight interim executive committee members till new CEO steps in

📝 BluSmart to exit cab-hailing service, pivot to rival Uber's fleet partner

📝 Omnivore targets increased funding in India's deep science startups

📝 Amid trade war, India market is resilient: Cap goods, utilities lead- Union AMC

📝 China Offers Banks Extra Gold Import Quotas as Investors Flock

📝 Govt to set up program management unit to improve efficiency of DMF, PMKKKY

📝 BofA Seeks to Rebuild India Investment Banking Team Post Probe, Resignations

📝 Jitendra EV plans to invest up to ₹125 cr in 5 yrs on develop products, enhance capacity.

*News Headlines from Business News Agencies:*

*Business Standard*

📝 IMD forecasts 'above normal' monsoon in 2025, easing inflation worries
📝 IEA cuts 2025 oil demand forecast amid trade tensions, economic uncertainty
📝 Wholesale price inflation cools to six-month low of 2.05% in March
📝 Walmart leases 4.6 lakh sq ft in Chennai for Rs 3.26 crore monthly rent
📝 J&J tops Q1 forecasts as cancer drugs drive growth; sales outlook raised
📝 Biocon subsidiary secures permission to launch eye medicine Yesafili in US
📝 Bank of America's Q1 profit rises on trading boost
📝 SBI clears restructuring plan to help Vizag steel company get back on track
📝 GMR Power to sell stake in non-operating, stressed assets
📝 India moves to deepen junk debt market by allowing bad loan securitisation
📝 Capital goods sector likely to see modest profit growth in Q4FY25
📝 Indian consumers warming up to data-driven mobility solutions: Report

*Economic Times*

📝 India's gems, jewellery exports dip by 11.72 pc at $28.5 bn in FY25: GJEPC
📝 Goldman Sachs acquires controlling stake in HR SaaS firm PeopleStrong for $130 million
📝 DLF to open 3 shopping malls in FY26 covering about 14 lakh sq ft area
📝 Gujarat State Petroleum Corp seeks LNG cargo for May delivery: Sources
📝 Auto sales hit record highs for third year despite slowing growth, SIAM data shows
📝 AstraZeneca Pharma India surrenders marketing authorisation of prostate cancer drug
📝 Serentica Renewables, NTPC sign pact to supply 200 MW clean energy to UP
📝 BC Jindal Group forays into RE component manufacturing, to invest Rs 15,000 crore by 2030
📝 Branded residences and resorts market to reach $1 billion by 2027: Fine Acers
📝 Crisil sees bank credit growth inching up to 13% in FY26
📝 Poonawalla Fincorp enters gold loan market, plans 400 new branches
📝 Realty developer Trehan Iris partners with Sarovar Hotels for property in Gurgaon

*Mint*

📝 India's retail inflation hits multi-year low to 3.34% in March
📝 India's trade deficit hits $21.54 bn, exports rose $41.97 bn in March
📝 Google India executives asked to furnish 50% of FEMA penalties as bank guarantee
📝 Aegis Vopak Terminals gets SEBI nod to launch ₹3,500 crore IPO
📝 China halts Boeing jet deliveries in retaliation against 145% US tariffs: Report
📝 Nissan to cut Japanese production of top-selling US model due to tariffs: Source
📝 India-US sign terms of reference for trade deal to include tariff barriers
📝 ArcelorMittal’s India JV withdraws coke import plea after govt nod
📝 Ahluwalia Contracts win ₹396 crore order from Godrej Properties
📝 Electric bus makers set for a joyride as Delhi eyes full fleet electrification
📝 PTC India appoints ABC Consultants to find new CMD amid ongoing restructuring

🇮🇳 *India Daybook – Stocks in News*


*PB Fintechc:* PB Pay Private Limited, has received an in-principle authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. (Positive)

*Hindustan Composites:* Acuite Ratings & Research has upgraded the credit ratings (Positive)

*NHPC:* Company announced the commercial operation of Unit 4 (200 MW) of the Parbati-II HE Project (800 MW) in Himachal Pradesh. (Positive)

*IRB Infra:* Government mulls relief for toll payers, may introduce 2 new toll collection methods. (Positive)

*Shipping Corporation:* Company received an income tax refund of ₹57.27 crore. (Positive)

*Apeejay Surrendra Park:* Company announced the launch of "Zone Connect by The Park" in Jaisalmer. (Positive)

*Jeena Seekho:* Company Board Meet on 21 April to Consider Stock Split (Positive)

*ITC:* Company expresses optimism on India signing trade deals with EU & UK this year. (Positive)

*Banganga Paper:* Company has received renewed environmental certification from the Maharashtra Pollution Control Board (Positive)

*MRP Agro:* Net profit at Rs 7 cr vs Rs 1 cr, Revenue at Rs. 104 cr vs Rs 43 cr (YoY). (Positive)

*Allcargo Terminals:* Company reported CFS volumes of 51.2k TEUs in Mar 2025, a 5% increase from Feb 2025. (Positive)

*Nureca Ltd:* Company announced its products, Dr. Trust & Dr. Physio will soon be available on Swiggy Instamart, a quick-commerce platform in India. (Positive)

*Aditya Birla Real Estate:* FY25 booking value at Rs 8,000 cr, more than doubles YoY. (Positive)

*Blue Dart:* Company announced the expansion of its network with Guwahati as a direct flying location. (Positive)

*Ashapuri Gold:* Company expands into the high-growth North-East Indian jewelry market, targeting Kolkata, Odisha, Jharkhand, and Guwahati. (Positive)

*UBL/USL:* Commerce Ministry says India and UK trade negotiators are working to resolve pending issues. (Positive)

*FMCG/ Agri/ 2W stocks:* IMD predicts above-normal monsoon this year, with a 105% rainfall forecast. (Positive)

*BEL:* Media sources indicate that company may secure a major deal from the Indian Air Force, which will include the low-level lightweight radar MK-2. (Positive)

*Lemon Tree Hotels:* Company announced the signing of a license agreement for Lemon Tree Resort in Mori Bera, Rajasthan (Positive)

*IREDA:* Net profit at Rs 502 crore versus poll Rs 433 crore, NII at Rs 758 crore versus poll Rs 677 crore (Positive)

*ICICI Pru:* Net profit at Rs 386 crore versus poll Rs 222 crore, the solvency ratio improved to 212.2%. The Board recommended a final dividend of ₹0.85 per equity share. (Neutral)

*Crisil Ltd:* Company announced May 7, 2025, as the record date for the first interim dividend for FY25 (Neutral)

*Kesar Enterprises:* Company announced the resignation of Mr. Rohit Balu from his position as Chief Financial Officer (CFO) on April 15, 2025. (Neutral)

*Vedanta:* Cairn Oil & Gas, a part of Vedanta, acquires 7 new blocks in Open Acreage Licensing Policy (OALP) Round-IX. (Positive)

*Oil India:* Company secures 9 blocks under OALP Round-IX. With this, Oil India’s exploration acreage grows by 85% to 1.10 lakh square kilometers from 60,000 square kilometers. (Positive)

*Race Eco Chain:* Company announced an investment of Rs 2.55 Cr in Ganesha Recycling Chain Private Limited, its subsidiary. (Neutral)

*Dabur India Ltd:* Company has announced the incorporation of a new step-down wholly owned subsidiary in the UK. (Neutral)

*T.V. Today:* Company board approved the acquisition of immovable property in Noida. (Neutral)

*Life Insurance Corporation:* Company announced the appointment of Mr. Surendra Singh Chaplot as Executive Director (Business Development & Bima Sakhi) effective April 15, 2025. (Neutral)

*TCS:* Andhra Pradesh government allots 21 acres land to Company in Visakhapatnam. (Neutral)

*Deep Diamond India:* Company announced the resignation of Mr. Narendra Kumar Shrimali from the CFO position, effective April 16, 2025. (Neutral)

*Max Financial:* Company announces the appointment of Mr. Nishant Kumar Gehlawat as Chief Financial Officer, effective 30th April. (Neutral)

*Union Bank of India:* Bank announced Shri Anil Kuril, Chief General Manager, as the new Chief Information Security Officer (CISO), effective Apr 15, 2025. (Neutral)

*Steel Stocks:* Govt mulls measures against steel dumping, with safeguard duties on steel imports under active consideration. (Neutral)

*MOIL:* Company announced the re-appointment of Shri Dinesh Kumar Gupta as a Non-Official Director for one year. (Neutral)

*Poonawalla Fincorp:* Company approves to raise Rs 1,875 crore through issuance of NCDs on private placement basis. (Neutral)

*Landmark Cars:* Q4FY25 consolidated revenue from operations was ₹1,525 Cr, up 17.31% YoY, but down 8.63% QoQ. (Neutral)

*JK Cement:* Company board to consider fund raising of up to Rs 500 crore via NCDs on 24th May, 2025. (Neutral)

*Axis Bank:* Board of Directors meeting will be held on Thursday, April 24, 2025 to consider fund raising through debt market. (Neutral)

*Aster DM Healthcare:* CCI approves merger of Quality Care India into Aster DM by way of scheme of amalgamation. (Neutral)

*ICICI Lombard:* GDPI for Q4 FY2025 was ₹62.11 billion, a 2.3% increase YoY. Profit Before Tax (PBT) grew by 30.0% to ₹33.21 billion in FY2025. PAT de-grew by 1.9% to ₹5.10 billion. (Neutral)

*Indusind Bank:* The Bank has since received the report from the external agency on 15th April 2025 which has identified discrepancies, inter alia, relating to derivative deals. Bank has assessed an adverse impact (on a post-tax basis) of 2.27% to the Bank’s Net Worth (Neutral)

*Pharma stocks:* US President Trump signs exec order to revamp Medicare drug price rules (Neutral)

*ICICI Lombard:* Net Profit Down 1.9% At ₹509.6 Cr Vs ₹520 Cr, Gross Premium Up 10.2% At ₹6,903.9 Cr Vs ₹6,263.1 Cr (YoY) (Neutral)

*Max India:* Company announced that its Board of Directors will meet on April 22, 2025, to finalize the record date, price, & entitlement ratio for the Rights Issue of Equity Shares. (Neutral)

*Mazdock:* Ex-date today; Dividend - Rs 3.0 per Share. (Neutral)

*VTM:* Board meeting today to consider increase in authorized capital. (Neutral)

*Trident Life:* Board meeting today to consider Preferential Issue of shares. (Neutral)

*Wipro/ Angle One/ RIIL/Swaraj Engines/Waaree renewables/GTPL:* Board meeting today to consider quarterly earnings. (Neutral)

*Gensol Eng:* SEBI bars Gensol promoters over fund diversion, falsification of records.

*Mahanagar Gas Ltd:* APM gas allocation reduced by ~18% effective Apr 16, 2025, impacting profitability.

*Indraprastha Gas:* Company announced a reduction in domestic gas allocation by ~20% effective Apr 16, 2025.

*Adani Total Gas:* Company received intimation from GAIL (India) Ltd regarding a 15% reduction in APM gas allocation, effective April 16, 2025.

GIFT Nifty -117 pts (23325) from last trade 23441 ,


Nikkei +179 pts ,
Hangseng +10 pts ,


Dow -699.57 pts ,Nsdq -516.01 pts, S&P
-120.93 pts , Bovespa -928 pts , Ftse +26 pts , Dax +57 pts , Cac -5 pts , Crude @ $62.84 brl (+0.37), Brent @ $66.09 brl (+0.24) , Gold @ 3360.90 (+14.50), Silver $32.91 (-0.07), Euro @ $1.1365, JPY @ $142.59, INR @ 85.595




Today's Corporate Action
17th Apr Ex Date


 
AFIL
Stock  Split From Rs.10/- to Rs.1/-
GARMNTMNTR
Right Issue of Equity Shares   
RUPEBAR
Resolution Plan -Suspension   
SANOFICONR
Final Dividend - Rs. - 55.0000  
TTIL
Right Issue of Equity Shares   






Today's Key Results/Board Meetings
17-Apr-25

     
 


 
Stock under F&O ban on NSE
17-Apr-25




1 BSOFT
2 HINDCOPPER
3 IREDA
4 MANAPPURAM
5 NATIONALUM

News Headlines from Business News Agencies :

Business Standard :

📝 India's consumer, retail deal volumes surge to 3-yr high: Grant Thornton

📝 Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD

📝 Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV

📝 Axis mutual fund uses ONDC to reach underserved, remote investors

📝 Infosys leases 1.3 lakh sq ft of office space at Pune's Embassy Tech Zone

📝 Trump's second realty project launched in Gurugram with Rs 1.2K cr influx

📝 NHEV eyeing east and west corridors for expansion, says Abhijit Sinha

📝 India's office leasing in Q1CY25 hits 19.46 mn sq ft, up 28.4%: JLL

📝 SEA urges govt to lift ban on de-oiled rice bran exports to clear stock

📝 Zepto renames parent entity Kiranakart Tech, ahead of possible IPO

📝 Domestic CV volumes may touch 1 mn units mark this financial year: Crisil

📝 Garuda Aerospace raises ₹100 cr in series B funding from Venture Catalysts


Economic Times :

📝 BharatPe-controlled Trillionloans appoints Sandeep Singh the Chief Executive Officer

📝 India eyes ending import tax on US ethane and LPG in trade talks, sources say

📝 Dutch defence spending up $1.25 billion in new budget

📝 SpiceJet's revival "going very well", airline to double fleet in a year, says CMD Ajay Singh

📝 Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas

📝 D2C startup funding in India fell 18% in 2024 to $757 million: Report

📝 Pharma companies expected to absorb any tariff hit in short term

📝 India's trade deficit with China widens to record $99.2 bln amid dumping concerns

📝 Altimetrik appoints LTIMindtree's Rajeev Jain as COO

📝 SOPA urges delay on soybean stock sale to protect prices ahead of kharif sowing

📝 Heritage Foods to hike dairy prices to counter costs


Mint :

📝 India to take modest hit from US tariffs, but global risks loom: Moody’s

📝 Indias agrifoodtech startups attract USD 2.5 bn last year, 3-fold jump from 2023: Report

📝 Wipro Q4 attrition drops to 15% sequentially; headcount rises by 614 to 2,33,346

📝 NSE’s investor base has almost tripled since it sped up share transfers in March

📝 Marriott International set to invest in Concept Hospitality, marking a shift in strategy

📝 AMNS India flags concerns over impact of US tariffs on domestic steel, aluminium industry

📝 ED searches EaseMyTrip founder Nishant Pitti's premises in Mahadev betting case

📝 Global growth may slow to recessionary 2.3% in 2025, says UN trade agency

📝 21 acres for 99 paisa: Andhra Pradesh allots land to TCS in Vizag

📝 Indias organic product exports up 34.6 pc in 2024-25 to USD 665.96 mn in 2024-25

📝 Havells India is insuring its growth strategy with a stake in Goldi Solar

🇮🇳India Daybook – Stocks in News


Bajaj Electricals: Company announced a strategic tie-up with SEAK Energetics for tunnel lighting technology in India. (Positive)

Prestige: Q4 sales at Rs 6957 crore, up 48 percent YoY. (Positive)

Tata Steel: Company’s Nederland subsidiary launches major revamp to boost efficiency and profitability. (Positive)

Glenmark Pharmaceuticals: Company to launch Dextroamphetamine Saccharate, Amphetamine Aspartate, Dextroamphetamine Sulfate and Amphetamine Sulfate Tablets. (Positive)

Tanla Platforms: Company partners with two overseas telcos for its first international deployment of Messaging as a Platform (MaaP). (Positive)

VTM Ltd: Board considered the proposal of Issue of Bonus shares at the Ratio 1.5 : 1. (Positive)

Swaraj Eng: Board approved a plan to expand engine manufacturing capacity from 1,95,000 units to 2,40,000 units annually (Positive)

Roto Pumps: Company announced the unveiling of its new manufacturing infrastructure and the launch of the Roto P-Range compact pumps. The company aims to achieve $100 million in revenue by 2028. (Positive)

BHEL: Company inks tech transfer pact with BARC to lower green hydrogen costs, reduce imports (Positive)

DLF: Company signs Master Framework Agreement with Srijan Realty Pvt. Ltd. for sale of its Kolkata IT/ITeS SEZ. (Positive)

IRFC: Madras High Court allows IRFC’s Writ Petitions and sets aside ₹230.55 crore demand order dated 04.12.2024. (Positive)

Banco Products: Company announces the establishment of NRF Romania S.R.L., marking a key step in its expansion in Romania. (Positive)

Waaree Renewable: Net Profit up 83% YoY at ₹93.8 crore, up 75% QoQ, Revenue up 74% YoY at ₹476 crore, up 32% QoQ. (Positive)

Ultratech: Company to acquire 26% equity in AMPIN C&I Power Eight Pvt. Ltd., engaged in renewable energy generation and transmission. (Neutral)

SMl Isuzu: Appoints Yasushi Nishikawa as MD & CEO of the company w.e.f. April 17 (Neutral)

Petronet LNG: Company appoints Saurav Mitra as Director (Finance) & CFO of the company for 5 years. (Neutral)

HUL: Company moves Bombay High Court against Honasa Consumer for disparaging its brand. (Positive)

Sicagen India: Company announced the appointment of Mr. N. Doraivelu as Vice President - Manufacturing and Senior Management Personnel (SMP) w.e.f. April 16, 2025. (Positive)

Home First Finance: Company announced the successful raising of Rs 1,250 Crores through a Qualified Institutions Placement. (Neutral)

SBI: Bank Announces Change in Statutory Central Auditor for FY 2024-25. (Neutral)

NHPC Ltd: Company announced the appointment of Shri Suprakash Adhikari as Director (Technical) (Neutral)

Paytm: CEO Vijay Shekhar Sharma has voluntarily forgone all 21million ESOPs. (Neutral)

Kanoria Chem: CoSyst Control Systems GmbH, a step-down subsidiary of Kanoria Chemicals, incorporates two wholly-owned subsidiaries. (Neutral)

JK Cement: Company announced the resignation of Shri Sudhir Jalan from the position of Non-Executive Non-Independent Director. (Neutral)

Angel One: Net Profit Down 48.7% At ₹174.5 Cr Vs ₹340 Cr, Revenue Down 22.2% At ₹1,056 Cr Vs ₹1,357.3 Cr (YoY). (Neutral)

GTPL Hathway: Company reported a 19.7% decline in net profit for Q4 FY25, despite strong revenue growth. Net profit for the quarter stood at ₹10.6 crore, down from ₹13.2 crore YoY. (Neutral)

Som Dist: Investor Dolly Khanna increased stake to 2.41% from 1.39% earlier. (Neutral)

ITC: GQG Partners increased stake to 3.47% from 3.08% earlier. (Neutral)

Lupin: U.S. District Court lifted temporary restraining order and denied Astellas’ request for a preliminary injunction on Mirabegron ER Tablets, allowing shipments to resume. (Neutral)

Zydus Lifesciences: Company received an order from the United States District Court for the District of Delaware regarding a patent litigation matter with Astellas Pharma Inc. concerning the drug mirabegron. (Neutral)

C & C Constructions: Company announced that Mr. Hitesh Kumar, Company Secretary & Compliance Officer, resigned. (Neutral)

Orient Bell: Mr. Munish Tandon, Chief Sales Officer, resigned on April 16, 2025. (Neutral)

Adani Wilmar Ltd: Company announced that AWL Agri Business Limited has acquired 80% of G.D. Foods Manufacturing (India) Private Limited. (Neutral)

Super Sales India: Company acquired Aghanaswath Helios Energy Private Limited, a solar power generating company. (Neutral)

Puravankara Ltd: Company reported FY25 collections up 9% YoY to Rs 3,937 Cr. Pre-sales reached Rs 5,006 Cr in FY25, with Q4FY25 at Rs 1,282 Cr. (Neutral)

Paramount Communications: CRISIL Ratings has assigned ratings to the company's bank facilities. The long-term rating is Crisil BBB/Stable (Neutral)

SBI Cards & Payment: Company announced the launch of the Tata Neu SBI Card in partnership with Tata Digital. (Neutral)

Sanofi: Ex-date today; Dividend - Rs 55 per Share. (Neutral)

Akme: Stock split today; Face value from Rs 10/- Per Share to Re 1/- Per Share. (Neutral)

Colab: Board meeting today to consider interim dividend. (Neutral)

Infosys/ HDFC AMC/ HDFC Life/Tata Elxsi: Board meeting today to consider quarterly earnings. (Neutral)

Mastek/Network18: Board meeting on Friday to consider quarterly earnings. (Neutral)

ICICI Bank/ HDFC Bank/Yes Bank: Board meeting on Saturday to consider quarterly earnings. (Neutral)

Wipro: Rupee Revenue reported at Rs 22504 crore versus poll Rs 23113 crore, EBIT at Rs 3902 crore versus poll Rs 3957 crore (Neutral)

Wipro: Company expect revenue from IT Services business segment to be in the range of $2,505 million to $2,557 million". This translates to sequential guidance of (-) 3.5% to (-) 1.5% in constant currency terms versus (-)1.0% to (+) 1%.

Yes Bank: Company announced an additional income tax demand of Rs 292.29 Cr due to a rectification order from the Centralized Processing Center (CPC)

MSTC Ltd: Company received a notice of demand under section 156 of the Income Tax Act, 1961 from the Income Tax Department. The demand is for the Assessment Year 2024-25, totaling ₹178.40 crores.

Dalmia Bharat: Company received a Provisional Attachment Order from the ED with provisional attachment of DCBL's land.

Sonata Software: Company has issued international business revenue warning.

*News Headlines from Business News Agencies:*

*Business Standard*

📝 ICICI Bank Q4 results: Net profit up 15.7% at Rs 13,502 cr, NII up by 11%
📝 FinMin pushes banks to boost farm loans against e-warehouse receipts
📝 HDFC Bank's Q4FY25 results: Net profit up 6.7% aided by lower provisions
📝 Tesla owner files class-action suit over warranty-voiding odometers
📝 Yes Bank's Q4FY25 results: Net profit up 63.3% Y-o-Y to Rs 738.1 crore
📝 India's 1st prototype fast-breeder reactor to be commissioned by Sept 2026
📝 Just Dial FY25 net profit up 61% to Rs 584 crore; revenue rises 9.5%
📝 FY26 not promising for broking industry, degrowth real worry: Shripal Shah
📝 Sebi investigation into BluSmart likely to slow Uber's EV push in India
📝 Family offices opt for Cat-III AIFs in GIFT City after policy change
📝 Diversified portfolio, market share to drive asset growth for HDFC AMC
📝 Keir Starmer holds 'productive' talks with Trump on UK-US trade deal

*Economic Times*

📝 India, US lock in 19-chapter trade deal terms, to open talks in Washington on April 23
📝 India's oil and gas production fall in 2024-25
📝 Skoda India aims to sell 150% more all-desi new Kodiaq amid SUV wave
📝 Network18 Media posts Q4 net loss of Rs 29.09 cr, revenue at Rs 561.32 cr
📝 Zomato and Blinkit parent Eternal's board clears plan to cap foreign ownership at 49.5%
📝 New India Co-operative Bank case: Depositors push for revival or merger
📝 City gas firms to get pro-rata allocation of expensive "new well gas": Govt
📝 CERC refuses to intervene in transfer of Azure’s 2333 MW to Adani Green Energy Limited
📝 JK Lakshmi Cement looks for 10% growth in FY'26
📝 Coal India arm SECL enters into Rs 7,040-cr pact with TMC Mineral Resources
📝 Steelcase Inc India arm picks up 130,000 sq ft industrial space in Pune’s Chakan

*Mint*

📝 RBI to remain agile & proactive in policy action amid evolving global situation: Guv Malhotra
📝 FPI inflows turn positive this week with ₹8500 crore invested despite shorter trading week: NSDL Data
📝 Japan Mulls Higher US Rice Imports in Tariff Talks, Yomiuri Says
📝 Sify Technologies reports Q4 net loss at Rs 57.8 cr
📝 India central banker warns of dwindling money market liquidity
📝 Indian diagnostics industry set for 14% growth; organised players to lead: PhillipCapital
📝 HSBC introduces 20 new travel partners for cardholders starting April 2025
📝 Smart tech, self-driving and safety features to dominate auto industry by 2030: Niti Aayog report
📝 Volvo Group to fire 800 workers as Trump tariffs trigger market uncertainty
📝 IMF highlights US-China trade grievances, welcomes India's tariff cuts
📝 KKR among asset managers vying for Abu Dhabis district cooling business, sources say

UPDATE ON DEFENSE SECTOR: PM MODI TO ARAB NEWS: WOULD WELCOME SAUDI INVESTMENT INTO DEFENSE MANUFACTURING SECTOR IN INDIA THAT HAS BEEN OPENED FOR PRIVATE INVESTMENT

🇮🇳 *India Daybook – Stocks in News*


*Balrampur Chini:* India Ratings updated credit ratings for commercial papers and long term ratings. (Positive)

*Ashoka Buildcon:* Company gets letter of acceptance for a project worth ₹568.86 crore from Central Railway. (Positive)

*Bharti Hexacom:* Company announced an agreement with AdaniData Networks Limited (ADNL) to acquire rights to use 400 MHz of spectrum in the 26 GHz band. (Positive)

*Pudumjee Paper:* Company announced the proposed acquisition of equity shares of Lloyds Enterprises Limited from the open market. (Positive)

*Waaree Energies:* Net Profit Up 34.1% At ₹618.9 Cr Vs ₹461.5 Cr, Revenue Up 36.4% At ₹4,003.9 Cr Vs ₹2,935.8 Cr (YoY) (Positive)

*Bharat Forge:* CCI approves acquisition of AAM India Manufacturing by Bharat Forge with Voluntary Modifications. (Positive)

*VBL:* Company has started commercial production of carbonated soft drinks, juice based drinks & packaged drinking water at its production facility at Prayagraj, Uttar Pradesh. (Positive)

*PNB:* A court in Belgium rejects bail plea of fugitive Mehul Choksi. (Positive)

*HCL Tech:* CC revenue guidance at 2.0% to 5.0% versus estimates of 1.0% to 4.0% (Positive)

*TBZ:* Company will launch its 36th store in Hyderabad & 37th store in Ahmedabad on April 24, 2025 (Positive)

*Dixon Technologies:* Company wholly-owned subsidiary, Padget Electronics, entered a Contract Manufacturing Agreement with Compal on Feb 23, 2024, to manufacture mobile phones. (Positive)

*Cyient DLM:* Net profit Rs. 31.03 cr vs Rs.22.74 cr, Revenue at Rs. 428.05 cr vs Rs. 361.84 cr (YoY) (Positive)

*Insolation Energy:* Company announced the incorporation of its subsidiary, MGVI Green Infra Three Private Limited, on April 21, 2025. (Positive)

*JK Paper:* Company announced the acquisition of a majority stake in Quadragen Vethealth Private Limited (Positive)

*Bondada Engineering:* Company announced the receipt of a work order from M/s. Dinesh Engineers Limited of Rs. 5.93 cr. (Positive)

*Tata Communication:* Net profit Rs. 1040.5Cr Vs Rs. 321.5 Cr, Revenue at Rs. 5990.4 Cr Vs 5645.1 Cr (YoY) (Positive)

*IndusInd Bank:* Bank clarifies a news report. The bank states it has not engaged EY for a forensic audit. (Neutral)

*Persistent Systems:* Company completed the acquisition of identified assets from Soho Dragon Solutions India Private Limited on April 22, 2025 (Neutral)

*Balrampur Chini:* Company concluded Sugar Season Sugarcane crushed was 99.16 Lac MT, slightly down from 100.91 Lac MT in SS 2023-24 (Neutral)

*AU Small Finance Bank:* Net profit Rs. 503.7 cr vs Rs.528.4 cr, NII at Rs. 2094 cr vs Rs. 2022.7 cr QoQ. (Neutral)

*GRM Overseas:* Company’s credit ratings have been reaffirmed by Acuité Ratings & Research. The long-term rating is 'A-' with a stable outlook (Neutral)

*Sattva Sukun:* Company received a purchase order from Mansi Kreation for 7000 units of Camphor Diffusers & related items. (Neutral)

*M&M Finance:* Net profit Rs. 563 Cr Vs Rs. 619 Cr, NII at Rs. 2151 Cr Vs 1919 Cr (YoY) (Neutral)

*Hindustan Zinc:* Company Board meeting on April 25 to approve FY25 results. (Neutral)

*HCL Tech:* Net profit Rs. 4307 Cr Vs Rs. 4591 Cr, Revenue at Rs. 30246 Cr Vs 29890 Cr (QoQ) (Neutral)

*Caplin Point:* Mr. Thiagaraja Manikandan tendered resignation from the post of Chief Transformation & Digital Officer (Neutral)

*Whirlpool:* Corporation ropes in Goldman Sachs for part stake sale process in Indian arm. (Neutral)

*HUL:* Company announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Limited (YoY) (Neutral)

*Lal Pathlabs:* CARE Ratings has assigned a credit rating of CARE AA; Stable to Dr. Lal Pathlabs Ltd (Neutral)

*Delta Corp:* Net Profit At ₹164.6 Cr Vs ₹72.4 Cr, Revenue Down 1.2% At ₹182.6 Cr Vs ₹185.5 Cr (YoY). (Neutral)

*PFC:* ₹307 crore out of ₹352 crore disbursed to Gensol for EV leasing in 2023 remains unpaid (Neutral)

*Ambuja Cements:* Company completes acquisition of 46.66% stake in Orient Cement. (Neutral)

*Indusind Bank:*Clarifies- has not engaged EY for a forensic audit for micro-finance loans. (Neutral)

*Schaeffler India:* Ex-Dividend date today, Dividend - Rs 28 Per Share. (Neutral)

*Sterlite Tech:* Ex-Dividend date tomorrow, Demerger of business. (Neutral)

*Praveg:* Board meeting today to consider Scheme of arrangement (Neutral)

*Padam Cotton:* Board meeting today to consider stock split (Neutral)

*HUDCO:* Board meeting today to consider Fund Raising (Neutral)

*OLA Electronics:* Maharashtra moves to shut unlicensed stores, seize vehicles. (Neutral)

*Medplus Health:* Company announced that its subsidiary, Optival Health Solutions, received three suspension orders for drug licenses

*News Headlines from Business News Agencies:*

*Business Standard*

📝 India poised to benefit from supply chain realignments: RBI bulletin
📝 Ericsson Antenna System expands local manufacturing footprint in India
📝 India localisation norms for software procurement need rationalisation: BSA
📝 ITC Hotels signs 14 Fortune Hotels, opens 7 new properties in FY25
📝 Net $1.6 billion sold in spot FX market in February: RBI bulletin
📝 Safeguard duty of 12% on steel may halt imports, hit MSMEs, says GTRI
📝 India sweetens oil block bids with lease reform, arbitration freedom
📝 Oil prices rebound on short-covering amid ongoing tariff concerns
📝 India's small steel mills pause job cuts after China import curbs
📝 India's heritage site footfall up 19% since 2019, ticket revenue down 2.83%
📝 Arkade Developers Q4 sales bookings up 11% at Rs 217 cr; FY25 rises 20%
📝 Russian oil drives Opec share in India's imports to record low

*Economic Times*

📝 Indian banks outpace global average in digital banking services: Deloitte report
📝 Cement prices to grow up to 4 pc in FY26, demand may rise 7 pc: Report
📝 Ather Energy cuts IPO fresh issue size to Rs 2,626 crore
📝 Dr Reddy's, Lupin recall products in US due to labelling, manufacturing errors: USFDA
📝 Mumbai tops realty equity inflows at $6.9 billion between 2022-24, highest in India
📝 Akasa Air crosses 17 million passengers and 100,000 departures in under 3 years
📝 Fintechs must build collection muscle to scale lending business: Cred founder Kunal Shah
📝 Hyundai partners with IndianOil to explore viability of mass-use of Hydrogen fuel cell vehicles
📝 Volkswagen planning exports from China to Asia, South America, Middle East
📝 Govt proposes greenhouse gas emission reduction targets for aluminium companies
📝 Reliance imported 17.3% more Russian oil in March as against Feb
📝 Novo Nordisk to discontinue Human Mixtard, India's largest selling insulin brand

*Mint*

📝 Google in talks with Foxconn, Dixon to expand Pixel production in India: Report
📝 Bharti Airtel to acquire 400 MHz spectrum in 26 GHz band from Adani group firm
📝 Global trade shifts offer new opportunities for India–US ties: FM Sitharaman
📝 Adani Ports’ international expansion gets a leg up with Abbot Point deal
📝 IndusInd Bank denies reports on appointing EY for forensic audit
📝 For Oberoi Realty, timely launches and leaner inventory key catalysts in FY26
📝 Recycling should lead India’s quest for critical minerals like lithium
📝 SK Capital-Backed Chemical Business Ascend Files Bankruptcy
📝 A91 Partners launches its largest-ever fund at $665 mn to back growth startups
📝 Xiaomi India shifts focus to premium smartphones to boost sales, profit
📝 Rebel Foods gets $25 mn from Qatar Investment Authority for restaurant expansion