In a mixed bag of quarterly updates, shares of Kalyan Jewellers declined over 4% on Monday, April 7, after the company released its business update for the fourth quarter of FY25. At ₹465.85 apiece, the stock was down 4.37%, extending its year-to-date loss to nearly 40%. Strong Domestic Growth, But Digital Arm Falters The company reported around …
On Monday, April 7, Indraprastha Gas Ltd. (IGL) announced a price increase for Compressed Natural Gas (CNG) across its operational areas. The revision sees a ₹1 per kilogram hike in Delhi and a ₹3 per kilogram hike in other regions such as Noida and Ghaziabad. With the revision, the updated CNG price in Delhi now stands at …
JSW Steel achieved its highest-ever consolidated crude steel production in Q4 FY25, reaching 7.63 million tonnes (MT). This marks a 9% increase compared to Q3 FY25 and a 12% rise year-on-year (YoY). Strong Growth in Indian Operations The company’s Indian operations also recorded their highest-ever quarterly crude steel production at 7.40 MT, reflecting a 9% …
AstraZeneca Pharma India Limited has received approval from the Central Drugs Standard Control Organization (CDSCO), which is part of the Indian Government’s Health Department. This approval allows the company to import and sell a medicine called Osimertinib Tablets (TAGRISSO) in 40 mg and 80 mg doses. Purpose of the Approval The approval allows Osimertinib to …
Larsen & Toubro Limited, a leading Indian conglomerate in engineering and construction, has taken a significant step towards expanding its green energy footprint. On 4 April 2025, the company announced the incorporation of L&T Green Energy Kandla Private Limited (LTGEK), a wholly owned step-down subsidiary under L&T Energy Green Tech Limited. This development aligns with …
In a significant step towards sustainable infrastructure and renewable energy, Refex Green Power Limited—a wholly-owned subsidiary of Refex Renewables & Infrastructure Limited—has won a prestigious government contract. The tender, offered by the Coimbatore Municipal Corporation, pertains to the establishment of a municipal solid waste-based Bio-CNG plant in Tamil Nadu. The project stands as a strong …
On April 7, 2025, the Nifty 50 experienced a sharp decline, closing at 21,847.00 after losing 1,057.45 points, or 4.62%. The index fluctuated throughout the day, hitting an intraday high of 22,300 before dipping to a low of 21,700. The Nifty 50 is a broad stock market index that tracks the performance of the top …
Hexaware Technologies Limited has announced its first interim dividend for the financial year 2025. In a board meeting held on April 4, 2025, the company’s Board of Directors approved an interim dividend of ₹5.75 per equity share, each having a face value of ₹1, the company said in a press release on the stock exchanges. …
Godrej Properties Ltd has acquired its first land parcel in Versova, located in the Andheri West region of Mumbai. The proposed project will span approximately 4.4 lakh square feet of saleable area and is expected to generate an estimated revenue of ₹1,350 crore, according to a recent company filing. As of 9:29 am on April …
Dr. Reddy’s Laboratories Ltd recently received a show-cause notice from the Office of the Assistant Commissioner of Income Tax, Circle 8(1), Hyderabad. The notice was issued under Section 148A(1) of the Income Tax Act, 1961. It relates to the reassessment of income for the assessment year 2020–21 (financial year 2019–20). As of 9:40 am on …
