24/04/26, Reliance Industries Q4: Reliance Industries (RIL) shares will be in the spotlight on Friday, April 24, as the oil-to-telecom conglomerate is set to announce its March quarter (Q4 FY26) as well as full fiscal year (FY25-26) earnings later in the day.

According to media reports, RIL is expected to report a mixed performance for Q4 FY26, with steady revenue growth but some pressure on margins and profitability.

Analysts estimate revenue to rise around 8-10% year-on-year (YoY), while EBITDA is likely to remain in the ₹45,000-50,000 crore range. Net profit is seen as largely flat, as weakness in the core oil-to-chemicals (O2C) business offsets gains from consumer-facing segments.

Segment-wise, the O2C and oil & gas businesses are likely to remain under pressure due to softer margins and global uncertainties, making them the key drag on overall performance.

In contrast, the telecom arm Reliance Jio is expected to deliver stable growth with a gradual improvement in ARPU, while the retail segment should see moderate expansion supported by continued store additions and consumption demand.

Overall, earnings are likely to be supported by Jio and retail, but the outlook for the energy business and management commentary will be critical for market direction.

Dividend announcement

The street will also keep an eye on the dividend announcement.

RIL share price trend

Data show that the RIL share price has remained listless so far in 2026. The stock has slipped nearly 5% over the past 30 days, more than 7% over the past six months, and over 14% in 2026 (year-to-date).

How did RIL perform in Q4 FY25?

In the year-ago period, Reliance Industries Ltd reported a 2.4% rise in its March quarter net profit as store rationalisation in the retail business and improved margins in telecom helped offset weakness in the mainstay oil and petrochemical businesses and higher finance costs.

Consolidated net profit of ₹19,407 crore, or ₹14.34 per share, in January-March - the fourth quarter of the April 2024 to March 2025 fiscal (FY25) - was higher than ₹18,951 crore, or ₹14 per share, in the same period a year back, the company said in a statement.

Profit was also up sequentially from ₹18,540 crore in the October-December quarter.

Annual profits were almost unchanged at ₹69,648 crore, but the oil-to-telecom-and-retail conglomerate became the first company to hit a net worth of over ₹10 lakh crore in 2024-25.

In the fourth quarter, an increased subscriber base led to higher earnings in the telecom business, while a rationalisation of stores and a pick-up in quick commerce improved retail metrics.

The oil-to-chemicals (O2C) business, however, saw pre-tax earnings fall on lower fuel cracks and polyester chain margins.

The profit before tax (EBITDA) rose 3.6% to ₹48,737 crore.

This was despite an almost 7% rise in finance cost due to higher debt (₹3.47 lakh crore as of March 31, 2025, compared to ₹3.24 lakh crore a year back).

Jio Platforms' performance

Jio Platforms Ltd, the unit that houses the telecom and digital businesses, saw profits rise by 26% to ₹7,022 crore in Q4 and 22% in the full year (₹26,120 crore).

All four key parameters - data minute usage, data consumed, average per-user earnings, and number of subscribers - grew.

The customer base rose to 488.2 million from 482.1 million in October-December 2024 and 481.8 million in January-March 2024.

Average revenue per user rose to ₹206.2 from ₹203.3 in the preceding quarter and ₹181.7 a year ago.

New energy business

Giving an update on the new energy business, RIL Chairman Mukesh Ambani said during FY25, Reliance laid a strong foundation for its projects in renewable energy and battery operations.

"In the coming quarters, we will see the transition of this business from incubation to operationalisation. I firmly believe that the new energy growth engine will create significant value for Reliance, for India, and for the world."

Report by Upstox eith inputs from PTI

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions

24/04/26, India on Thursday sharply criticised a social media repost by US President Donald Trump that referred to India and several other countries as 'hellholes', calling the remarks 'uninformed' and 'inappropriate'.

The controversy erupted after Trump shared comments made by American radio host Michael Savage, who used the term while discussing immigration and a legal challenge to birthright citizenship in the United States.

Diplomatic Pushback and Clarification Efforts

The Indian government reacted swiftly, with External Affairs Ministry spokesperson Randhir Jaiswal stating that the remarks did not reflect the reality of bilateral ties. He noted that New Delhi had also taken note of a subsequent clarification issued by the US embassy.

'The remarks are obviously uninformed, inappropriate and in poor taste. They certainly do not reflect the reality of the India-US relationship, which has long been based on mutual respect and shared interests,' Jaiswal said.

Amid the backlash, the US embassy attempted to contain the fallout, reiterating Trump's purported view of India as a key partner. A spokesperson said the president considers India 'a great country' led by a 'good friend of mine', though no details were provided on when or where Trump made that statement.

Comments Rooted in Immigration Debate

Savage's original remarks were made in the context of a case before the US Supreme Court concerning birthright citizenship. He argued that existing legal provisions allow immigrants to take advantage of the system by entering the country late in pregnancy.

According to Savage, such a practice creates a pathway for a child born in the US to automatically gain citizenship, after which families could follow from countries like 'China or India or some other hellhole on the planet'.

The repost has since triggered diplomatic unease, raising questions about the tone of discourse surrounding immigration and its potential impact on international relations.

Author : Ayesha Fatima, ABP live 

23/04/26, Gold and Silver prices

Gold and silver prices traded with modest losses on Thursday, 23 April, as a rebound in crude oil prices reignited inflation fears, while a stronger US dollar made precious metals less appealing to investors.

COMEX gold futures dropped $53 per troy ounce to an intraday low of $4,700, while silver futures fell $3.70 to $74.23. The week began with a sense of potential peace in the Middle East, but that optimism eventually faded, amid renewed tensions, dragging both gold and silver to a two-week low.

Inflation fears returned to the spotlight as crude oil prices extended their gains for a fourth straight session after remaining subdued over the past two weeks, amid limited progress in diplomatic efforts between the US and Iran.

Reports also indicated that the US intercepted at least three Iranian oil tankers in Asian waters, raising concerns over potential supply disruptions. Tehran has continued to assert control over the Strait of Hormuz, restricting nearly all international traffic and reportedly firing on commercial vessels this week.

Iran has also reportedly seized two ships in the strategic waterway after US President Donald Trump announced he was indefinitely calling off attacks, with no signs of peace talks resuming.

Both Iran and the US appear to be leveraging control over the Strait of Hormuz amid the extended ceasefire. In the latest escalation, Trump ordered the US military to "shoot and kill" Iranian small boats disrupting movement in the key waterway.

Iran has stated it will not participate in negotiations while a US naval blockade on its ports remains in place. State TV, citing the foreign ministry, said the country's armed forces are prepared to respond to further threats, Bloomberg reported.

Traffic through the Strait of Hormuz remains largely stalled, with only occasional movements of Iran-linked vessels. A prolonged disruption in the waterway could worsen energy supply constraints and slow global economic growth, indicating a return to heightened tensions seen earlier this year.

The US dollar inched higher, making dollar-denominated bullion more expensive for holders of other currencies. Meanwhile, benchmark 10-year US Treasury yields rose to a more than one-week high, increasing the opportunity cost of holding non-yielding assets like gold.

Meanwhile, a Reuters poll of economists indicated that the US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as war-driven energy shocks continue to stoke already elevated inflation.

MCX gold eases over ₹1,200; silver fell back to ₹2.39 lakh

In the domestic market, the near-month gold futures contract on MCX slipped ₹1,206 per 10 grams to hit the day's low of ₹1,51,451, marking its lowest level since 13 April. The silver futures contract fell even more sharply, declining by ₹8,764 per kilogram to ₹2,39,600. Silver was last seen around this level about two weeks ago.

Report by Mint,  Source: Dailyhunt 

Disclaimer: We advise investors to check with certified experts before making any investment decisions.

23/04/26, The IT bellwether Infosys has announced its fourth-quarter results (Q4FY26) after market hours today, April 23. While the headline numbers showed a jump in profit and revenue, the finer details, especially dividend payouts and stock-based incentives have also come into focus.

Apart from the headline numbers, the investors focus also goes beyond just profit and revenue to the dividends and stock grants.

Dividend announcement: What shareholders get

Alongside its results, Infosys announced a final dividend of Rs 25 per share for FY26.

The company said, "Recommended a final dividend of Rs 25/- per equity share for the financial year ended March 31, 2026."

It also clarified the timeline, stating that the record date has been fixed as June 10, 2026, and the dividend will be paid on June 25, 2026.

Stock grants to CEO: What has been approved

Another key highlight from the board meeting was the approval of stock-based incentives for CEO and MD Salil Parekh.

The company approved multiple grants under its stock incentive plans, with the total value running into tens of crores. These include performance-based restricted stock units (RSUs) and other equity-linked incentives.

According to the company filing, "The grant of annual performance-based stock incentives…covering Company's equity shares having a market value of Rs 34.75 crore" has been approved under the 2015 plan.

In addition to this, ESG-linked incentives worth Rs 2 crore and TSR-based (Total Shareholder Return) incentives worth Rs 5 crore were also approved. Another grant worth Rs 10 crore has been approved under the 2019 stock ownership plan.

These stock units will vest over time, based on performance targets and company metrics, rather than being given upfront. The vesting timelines range from 12 months to longer-term performance-linked conditions extending beyond March 2027.

Employee stock incentives: Broader distribution

The stock grant plan is not limited to top management. Infosys has also approved equity-based incentives for employees.

The company said it will grant 27,193 restricted stock units under the 2015 plan. Additionally, performance stock units (PSUs) worth Rs 1.90 crore have been approved under the 2019 plan.

These grants will be distributed over a period of two to three years, depending on performance conditions.

Infosys Q4 results

Infosys reported a net profit of Rs 8,501 crore for Q4FY26, a rise of nearly 21% compared to the same period last year. Revenue for the quarter came in at Rs 46,402 crore, up 13.4% year-on-year.

Infosys share price

The share price of Infosys in today’s trading session on BSE closed at 1242.60, down 2%.

Report by FinancialExpress

23/04/26, PostMarket REPORT

 

The domestic stock market ended lower for a second consecutive session, driven by ongoing geopolitical tensions in West Asia, weak global cues, and a sharp rise in crude-oil prices.

The benchmark BSE Sensex closed down 1.09 per cent, while the Nifty 50 settled 0.84 per cent lower, snapping a brief recovery that had briefly lifted both indices earlier in the day.

Trading began on a weak note, with both the Sensex and Nifty slipping into the red soon after the opening bell. A brief spell of buying in the morning saw investors recover some of the initial losses, but profit-booking and renewed selling pressure gradually pushed the benchmarks into deeper negative territory.

By late afternoon, the indices were trading near their intraday lows before a modest recovery at the close, leaving the Sensex down about 852 points and the Nifty around 205 points lower on the day.

Heavy-weight sectors such as automobiles, public-sector banks, consumer durables, IT, FMCG, metals, oil & gas, public-sector enterprises and the broader "tech" index all ended in the red, reflecting broad-based selling across the market. In contrast, the media and energy segments saw sustained buying interest, with the capital goods and healthcare indices also closing in the green.

In the broader market, the Nifty Midcap index slipped 0.41 per cent and the Nifty Smallcap index fell 0.67 per cent, underscoring that the selling pressure was not confined to large caps alone.

The day-long decline shaved off nearly ₹2.99 lakh crore from investors' wealth, as the combined market capitalisation of BSE-listed companies fell from ₹469.36 lakh crore on the previous trading day to an estimated ₹466.37 lakh crore after today's session. This means that the collective value of Indian equities dropped by roughly three lakh crore rupees in a single session, reflecting the scale of the correction.

On the BSE, active trading was recorded in 4,449 scrips, of which 1,762 advanced, 2,517 declined and 170 ended unchanged. On the NSE, 2,965 stocks traded, with 1,031 closing higher and 1,934 ending lower, further highlighting the dominance of selling pressure.

Among Sensex constituents, 25 of the 30 stocks finished in the red, while five ended in positive territory; on the Nifty 50, 33 scrips closed lower against 17 that gained.

Top gainers and losers

Among blue-chip stocks, Dr. Reddy's Laboratories led the gainers with a robust 9.37 per cent rise, followed by Cipla (5.63 per cent), Jio Financial (4.26 per cent), Adani Enterprises (1.73 per cent) and Apollo Hospitals (1.55 per cent). On the flip side, Trent Limited, Shriram Finance, Mahindra & Mahindra, SBI Life Insurance and Tech Mahindra were among the top losers, shedding 4.13 per cent, 3.37 per cent, 3.24 per cent, 3.01 per cent and 2.81 per cent respectively.

The BSE Sensex opened at 77,983.66 and dipped as much as 942 points intraday to 77,574.18 before climbing back slightly to close at 77,664, down 852.49 points (-1.09 per cent).

Similarly, the Nifty began at 24,202.35, slipped to a low of 24,162.50, and finally settled at 24,173.05, marking a loss of 205.05 points (-0.84 per cent).

source: Report by Hindustan Samachar

22/04/26, India's Textile Exports Expanded

 The data underlines that within the major segments, Ready-Made Garments (RMG) continued to be the largest contributor to India’s textile exports. The segment rose from Rs 1,35,427.6 crore in FY 2024-25 to Rs 1,39,349.6 crore in FY 2025-26, registering a growth of 2.9 per cent.The ministry said that the cotton yarn, fabrics, made-ups and handloom products reported stable performance, with exports increasing marginally from Rs 1,02,002.8 crore to Rs 1,02,399.7 crore, reflecting a growth of 0.4 per cent. Man-made yarn, fabrics and made-ups posted relatively stronger growth of 3.6 per cent, rising from Rs 41,196 crore to Rs 42,687.8 crore during the same period.Handicrafts lead in value-added growthThe data highlights that in the value-added segment, handicrafts excluding handmade carpets emerged as the fastest-growing category among major segments, expanding by 6.1 per cent from Rs 14,945.5 crore to Rs 15,855.1 crore.The ministry noted that export growth was recorded in over 120 destinations between April 2025 and February 2026 compared to the corresponding period of the previous year, indicating broad-based geographical expansion of India’s textile export basket.Key export markets showed notable increases, including the United Arab Emirates (22.3 per cent), United Kingdom (7.8 per cent), Germany (9.9 per cent), Spain (15.5 per cent), Japan (20.6 per cent), Egypt (38.3 per cent), Nigeria (21.4 per cent), Senegal (54.4 per cent), and Sudan (205.6 per cent).Policy support and FTAs to boost future growthThe government has supported the sector through export facilitation and remission measures, including the extension of the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme and the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme beyond March 31, 2026.India’s Free Trade Agreement (FTA) agenda also witnessed significant developments during 2025-26, with agreements involving EFTA TEPA, UK CETA, Oman CEPA, New Zealand FTA announcement, and India-EU FTA conclusion, which are expected to enhance market access and strengthen global value chain integration for the textile sector.The ministry said the continued export growth reflects policy support, expanding global reach, and rising opportunities for value-added textile products.

Report: BusinessLine

22/04/26, HCL Technologies Q4 results: Shares of HCL Technologies (HCLTech) tumbled as much as 9.7% to the low of ₹1,301 apiece on the NSE on Wednesday, April 22, as the IT major, in post-market hours on Tuesday, released its financial results for the quarter and year ended March 31, 2026.

The company reported a 4.20% year-on-year (YoY) rise in consolidated net profit to ₹4,488 crore for the January-March quarter of FY26 (Q3 FY26), even as the management flagged a highly volatile demand environment shadowed by tariffs and softened discretionary spends, giving an FY27 growth guidance of 1-4%.

The Noida-headquartered firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.

The firm's revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore seen in Q4 FY25.

Revenue guidance

The IT major projected its FY27 company revenue growth to be in the range of 1% to 4% in constant currency (CC). The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.

On a quarter-on-quarter basis, HCLTech's profit and revenue rose by 10.10% and 0.32%, respectively.

For the full fiscal year of 2025-26, HCLTech recorded a net profit of ₹16,642 crore, reflecting a 4.30% decline from ₹17,390 crore in FY25.

FY26 revenue stood 11.18% higher at ₹130,144 crore.

What the CEO said

HCLTech CEO and MD C. Vijayakumar termed the year as one of an uncertain demand environment.

"During the quarter, our performance came below our expectations due to softness in certain parts of our business, due to lower discretionary spending, and delayed decision-making.

"Our new AI-led service offerings are getting traction in the market and are reflected in annualised advanced AI revenues crossing USD 620 million in Q4. Our #1 priority in FY27 is to ensure the company is positioned right to take advantage of AI opportunities for multi-decade value creation," he said.

The company's advanced AI revenue reached $155 million in Q4, he said during the company's earnings call.

Management acknowledged that AI is causing a deflation of 2% to 3% per year in traditional segments (e.g., a $100 million deal is now being priced at $80 million due to AI efficiencies). However, new AI deal volumes seem to be offsetting this revenue loss.

"Momentum across our advanced AI offerings and overall AI portfolio remains strong, reflecting the strength of our early bets and our continued focus on AI that scales from experimentation to measurable business impact. Our pipeline remains robust and broad-based across segments, verticals, and regions, with AI increasingly integral to nearly all deal conversations," CVK said.

During the quarter ended March, HCLTech's IT & Business Services segment grew by 4.3% year-on-year (YoY), while Engineering and R&D Services (ER&D) registered a growth of 3.8% YoY.

The software segment witnessed a sharp decline, with revenue dropping 14.1% YoY.

Geography-wise performance

Geographically, the Indian market grew by 5.3%, while the Americas (USA) grew by 4.9%. The European market witnessed a contraction, declining by 2.9% YoY.

Deal wins

The company recorded a Total Contract Value (TCV) of new deal wins at $1,936 million for Q4 and $9,323 million for the full year FY26.

Headcount

HCLTech added 802 employees on a net basis in Q4, taking the total headcount to 227,181. The company onboarded 1,712 freshers in Q4, bringing the total fresher intake for FY26 to 11,744. The company did not share its hiring target for the next fiscal year.

Operating environment

On the prolonged West Asia crisis that affected many global businesses, HCLTech said the company's exposure to the Middle East is very limited, with the region contributing only about 1% to the revenues.

"We saw some impact in the software business during the quarter. Some of the decisions on procurement were delayed. We haven't seen any (impact) in the services business," CVK said.

What leading analysts said

HCL Technologies is likely to remain under pressure after the company's Q4 FY26 performance missed expectations, with analysts flagging weak margins, soft demand trends, and cautious FY27 guidance.

JPMorgan

According to JPMorgan Chase, HCLTech's March quarter missed estimates across revenue, margins and earnings, with revenue coming in around 2% below expectations.

The financial services firm highlighted that the services segment saw 130 basis points downside, largely due to spending cuts by US telecom clients and SAP-related cancellations. The software business was also impacted by geopolitical uncertainty, with EBIT margins about 100 basis points below estimates.

JPMorgan expects telco weakness and SAP cancellations to persist into FY27, prompting a lower growth guidance of 1-4%. It also noted that foreign exchange gains will be reinvested into sales and general expenses, limiting margin expansion.

Morgan Stanley

Morgan Stanley expects valuation premiums to normalise versus peers, as growth rates converge across IT companies.

It flagged that macro volatility could lead to client-specific challenges, while AI-led deflation in the core business may weigh on growth in the near term, even as new digital and AI services take time to scale.

Additionally, Morgan Stanley noted that incremental currency benefits are likely to be reinvested, further limiting upside to margins.

Report by Upstox wiith inputs from PTI

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions

22/04/26, Stocks to Watch

Tata Elxsi: Tata Elxsi, on Tuesday, April 21, while announcing its financial results for the quarter ended March 31, 2026 (Q4 FY26) as well as the full fiscal year 2025-26, said that its Board of Directors has recommended a final dividend of 750%, i.e., ₹75 per equity share of par value of ₹10 each, for the financial year ending March 31, 2026.

Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company's performance in the fourth quarter of FY '26, said, 'For the fourth quarter of FY '26, Tata Elxsi reported operating revenue of ₹993.8 crore and a PBT margin at 25.6%. We ended FY '26 with a revenue of ₹3,757.4 crore and a PBT margin of 23.4%."

The company registered a healthy QoQ growth of 4.2%.

Reliance Power: According to a PTI report, the Economic Offences Wing (EOW) of the Delhi Police has arrested the chief financial officer (CFO) of Reliance Power Limited and two others for allegedly preparing and using forged bank guarantees worth over ₹136 crore to secure a tender from the Solar Energy Corporation of India (SECI).

The accused have been identified as Ashok Kumar Pal (50), CFO of Reliance Power Ltd; Partha Sarthi Biswal (54), managing director of Odisha-based Biswal Tradelink Pvt Ltd; and Amarnath Dutta (50), a resident of Kolkata, the EOW said in a statement.

Sunteck Realty: Sunteck Realty Ltd on Tuesday reported a 27% increase in consolidated net profit to ₹63.75 crore in the March quarter of the last fiscal year.

Its net profit stood at ₹50.38 crore in the year-ago period. Total income rose to ₹348.88 crore during the January-March quarter of the last fiscal from Rs 217.83 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the full 2025-26 fiscal year, the company's net profit rose to ₹204.36 crore from ₹150.31 crore in the preceding financial year.

The total income increased to ₹1,168.62 crore in the last fiscal year from ₹902.67 crore in the 2024-25 fiscal year.

HDFC Life Insurance: HDFC Life Insurance on Tuesday said the company has approved the extension of Vibha Padalkar as the managing director & chief executive officer for a period of five years.

The extension is based on the recommendation of the Nomination and Remuneration Committee; the board, at its meeting held on Tuesday, approved the re-appointment of Padalkar for a period of five years with effect from September 12, 2026, HDFC Life Insurance Company said in a regulatory filing.

The re-appointment is subject to approval of shareholders at the ensuing Annual General Meeting and the Insurance Regulatory and Development Authority of India, it said.

Padalkar joined HDFC Life in 2008 and has held several leadership roles within the organisation, where she played a key role in strengthening the company's financial framework and was instrumental in the successful listing of HDFC Life in 2017, it said.

HCL Technologies: IT major HCLTech on Tuesday reported a 4.20% year-on-year rise in consolidated net profit to ₹4,488 crore in the January-March quarter of FY26, even as the management flagged a highly volatile demand environment shadowed by tariffs and softened discretionary spending, giving an FY27 growth guidance of 1-4%.

The Noida-headquartered firm had reported a consolidated net profit of ₹4,307 crore in the same period of FY25.

The firm's revenue from operations rose 12.34% to ₹33,981 crore in Q4 FY26, up from ₹30,246 crore in Q4 FY25.

The IT major projected its FY27 company revenue growth to be in the range of 1% to 4% in constant currency (CC). The company attributed the broad band of guidance to market volatility, reduced discretionary spend, and two client-specific situations where it expects some ramp-downs.

Cyient DLM: Electronic Manufacturing Services (EMS) firm Cyient DLM on Tuesday reported a 27.7% decline in consolidated net profit at ₹22.44 crore for the March quarter of FY26.

Profit in the year-ago period was ₹31 crore.

Revenue from operations stood 13.8% lower at ₹369.07 crore in Q4 FY26, as compared to ₹428.05 crore a year ago.

On a quarter-on-quarter basis, profit and revenue rose 99.8% and 21.7%, respectively.

Cyient's order book stood at ₹2,416.6 crore at the end of the March quarter.

For full FY26, profit climbed 7.6% to ₹73.28 crore, while revenue from operations fell 17% to ₹1,261.48 crore.

Shadowfax Technologies: Logistics operator Shadowfax Technologies Ltd on Tuesday announced the launch of a unified digital shipping platform for the domestic SME and D2C ecosystem.

The platform, Shadowfax 360, provides small sellers and emerging brands with immediate access to an enterprise-grade network covering 15,000+ pincodes across 2,500 cities.

The rollout of the platform is a step in the company's efforts to scale its seller ecosystem and diversify its merchant base beyond enterprise and marketplace relationships - expanding to a broader base of online-first SMEs, early-stage D2C brands, and marketplace-first sellers transitioning to owned-channel commerce, it said.

Persistent Systems: Mid-tier IT services company Persistent Systems on Tuesday reported a 33.73% growth in consolidated net profit to ₹529.26 crore in the January-March quarter of FY26.

It had posted a net profit of ₹395.76 crore in the same period last fiscal, according to regulatory filings.

The company's revenue from operations increased by about 25% to ₹4,055.93 crore in Q4 FY26, as compared to ₹3,242.11 crore in Q4 FY26.

Persistent Systems noted a statutory impact of ₹89 crore on account of the implementation of the new labour codes.

Sequentially, profit and revenue rose by 20.43% and 7.35% over the previous quarter (October-December), respectively.

In the full fiscal year of 2025-26, Persistent's profit climbed 33.20% to ₹1,865.12 crore, from ₹1,400.16 crore in FY25.

BEML: State-owned BEML on Tuesday announced securing a new order worth Rs 590 crore for the supply of trawl assemblies to the Indian Army.

In this regard, a formal contract agreement was signed between senior officials of the Ministry of Defence and BEML Ltd in the national capital on Tuesday, the company said in a statement.

"In a significant boost to India's defence preparedness and indigenous manufacturing capabilities, the Ministry of Defence, Government of India, has awarded a Rs 590 crore contract to BEML Limited for the supply of trawl assemblies for deployment on the Indian Army's T-72 and T-90 tanks," the statement said.

Aurobindo Pharma: Aurobindo Pharma Ltd on Tuesday said it has set April 23 as the opening date for its ₹800 crore buyback offer.

The closing date for the buyback is April 29, Aurobindo Pharma said in a regulatory filing.

Earlier on April 6, the company's board had approved the buyback of up to 54,23,728 fully paid-up equity shares having a face value of ₹1 each at a price of ₹1,475 per share for an aggregate amount up to ₹800 crore on a proportionate basis through the tender offer route.

The company has set April 17 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

Q4 earnings today

Over 15 companies are slated to announce their March quarter (Q4 FY26) earnings today. The list includes names such as SBI Life Insurance Company, Trent, Tech Mahindra, Havells India, Oracle Financial Services Software (OFSS), Tata Communications, Bharat Coking Coal, LT Technology Services, and Maharashtra Scooters, among others.

(Report by Upstox with inputs from PTI)

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions

22/04/26, Textile, seafood stocks in focus after US tariff refund roll-out, select counters end higher

 Avanti Feeds and Apex Frozen Foods settle lower after hitting their 52-week highs on profit-booking salesTextile and seafood stocks witnessed significant movement on Tuesday following the roll-out of a refund mechanism for businesses that had earlier paid tariffs later deemed unconstitutional by the US Supreme Court. The court had ruled that former US President Donald Trump imposed these tariffs without the necessary constitutional authority, prompting corrective action in the form of reimbursements.Market activity reflected mixed sentiment across the sector. Shares of Avanti Feeds and Apex Frozen Foods came under selling pressure by the close, even after touching their respective 52-week highs during early trading hours, indicating profit-booking at elevated levels.

Apex Frozen Foods ended 2 per cent lower at ₹474.80 on the BSE, hitting a 52-week high of ₹514.20 from the previous close of ₹483.65.

Avanti Feeds was down 2.28 per cent to close at ₹1,464.85 on the BSE, hitting a 52-week high of ₹1,592.30 in early trade.On the other hand, textile exporter Gokaldas Exports emerged a strong gainer, settling 6.66 per cent higher at ₹768.65. Coastal Corporation also saw buying interest, with its shares ending the session 5 per cent higher at ₹53.25.The refund initiative is expected to provide a meaningful boost to exporters in both the textile and seafood segments. By recovering previously paid tariffs, companies could see improved cash flows and margins, enabling reinvestment into operations and enhancing global competitiveness.

Source: BusinessLine

22/04/26, Gold Prices

 Gold price after the auspicious festival of Akshaya Tritiya are retailing at ₹1,56,655 per 10gm for 24 carat purity gold. The prices have risen by as much as ₹3,500 over the past 10 days amid hopes of a likely end to the US-Iran conflict.

Gold rates at major jewellery brands

Gold rates vary across cities and brand in India, owing to a host of reasons, including dealer specific mark-up, transportation costs etc.

Tanishq: 22 carat gold is priced at ₹1,42,750 per 10 gm, while the price of 24 carat gold is ₹1,55,730.

Joyalukkas: 22 carat gold is priced at ₹1,42,350 per 10 gm

Kalyan Jewellers: 22 carat gold is priced at ₹1,42,350 per 10 gm, while the price of 24 carat gold is ₹1,55,290

Meanwhile, India Bullion and Jeweller's Association (IBJA's) indicative retail selling rates for gold jewellery are as below for today:

Fine Gold (999): ₹15236

22 carat : ₹14870

18 carat : ₹12341

14 carat : ₹9827

City-wise gold price trend across major cities

Cities	24 Carat
Delhi	₹1,56,655
Mumbai	₹1,57,185
Kolkata	₹1,56,720
Chennai	₹1,57,100
Hyderabad	₹1,57,170
Bangalore	₹1,57,235

Factors influencing gold rates today

After a steady start, gold prices on the MCX drifted lower as of writing the copy at around 10:00 am. Gold June futures, traded soft by 0.16% or ₹244 at ₹1,53,699 per 10 gm.

Internationally, the price movement in bullion is subdued, as investors await the US-Iran talks. The US President Donald Trump has been reported saying that he is confident of Iran negotiating, adding that the nation will face problems otherwise.

The two-week ceasefire announced earlier between the two nations will end this week, igniting uncertainty.

The two-week ceasefire to the conflict that has killed thousands and roiled the global economy, particularly energy markets, is set to expire this week.

Meanwhile, gains in the dollar index, also weighed on gold prices.

US gold futures, traded with a cut of 0.41% at $4,809.09 per ounce.

source: Upstox, Dailyhunt

22/04/26, Phalodi Satta Bazaar predictions on State Elections

 West Bengal (294 seats, majority 148): TMC is predicted at 158-161 seats, BJP at 127-130 and INC at 4-6. This is an extraordinarily tight market call - TMC crossing majority but only just, with BJP at its strongest-ever projected showing in the state. The gap between the upper end of BJP's range and the lower end of TMC's range is as narrow as 28 seats, reflecting genuine uncertainty about the final outcome.

Assam: NDA is predicted at 97-99 seats against INC-plus at 23-25, suggesting the market expects a comfortable NDA majority in the state where the BJP has been the incumbent government.

Kerala: UDF is predicted at 75-77 seats against LDF at 62-64, with the market favouring a Congress-led alliance to unseat the CPI(M)-led LDF government - a prediction consistent with Kerala's historical pattern of alternating between the two fronts.

Tamil Nadu: DMK is predicted at 141-144 seats - a projection that places the ruling Dravidian party on course for a comfortable majority in the 234-seat assembly.

22/04/26, PostMarket REPORT by TheFinancialExpress

Extending gains for the third consecutive session, benchmark indices rose by up to 1% on Tuesday, led by FMCG and realty stocks amid strong corporate earnings from select companies.

Positive global cues and optimism surrounding progress in US-Iran peace talks further lifted investor sentiment.

However, the Indian rupee took another knock as the Reserve Bank of India (RBI) rolled back some forex market curbs. The currency settled at 93.49 against the US dollar, down 38 paise, or 0.41%, from the previous close. According to market sources, corporates would have rolled over positions after the RBI allowed cancellation and re-booking of contracts.

What do researchers say?

"The rupee depreciated after the RBI withdrew its circular, permitting banks to offer derivative contracts to clients. The central bank has also allowed corporates to cancel and rebook positions, enabling genuine hedging," said Anindya Banerjee, Head of Currency and Commodity Research at Kotak Securities. So far in calendar year 2026, the rupee has declined 4%, with most of the depreciation occurring after the onset of the West Asia conflict.

Banerjee added that uncertainty around the Strait of Hormuz, a strengthening US dollar, and persistent risk-off sentiment continue to weigh on the rupee. He expects the currency to trade in the range of 92.80-94 in the near term.

On the equities front, the BSE Sensex rose 753.03 points, or 0.96%, to close above the 79,000 mark at 79,273.33, while the Nifty 50 rose 211.75 points, or 0.87%, to settle at 24,576.60. Over the past three sessions, the indices have gained 1.65% and 1.57%, respectively. The India VIX declined 6.69% to 17.53, indicating easing market volatility.

"Indian equities are expected to continue their gradual upmove, supported by improving macroeconomic conditions, easing crude prices, and strong Q4 earnings momentum," said Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal Financial Services.

With the ceasefire set to expire on Wednesday (April 22), all eyes are on the second round of US-Iran talks. While markets remain hopeful of progress, elevated tensions and uncertainty around participation pose key downside risks, Khemka added.

"Amid hopes of progress in Iran-US peace talks and supportive global cues, Indian equity markets rebounded strongly," said Vinod Nair, Head of Research at Geojit Investments. FMCG and realty stocks led the rally, backed by solid earnings updates, while banking stocks gained after the RBI eased forex restrictions, he added.

Market breadth remained positive, with 2,531 gainers against 1,760 losers on the BSE. The broader BSE Midcap and BSE Smallcap indices rose 0.70% each.

Investor wealth increased by Rs 2.99 lakh crore, with total market capitalisation on the BSE rising to Rs 468.67 lakh crore. FMCG and realty sectors led the gains, each rising over 2%, while banking and financial services were among the other top performers.

#Nestlé India, Hindustan Unilever, Trent, Bajaj Finance, and Tata Consumer Products were the top gainers on the Nifty. Shares of Nestlé India surged 8.43% after the company reported revenue and net profit growth of 22.6% and 25.8%, respectively, boosting hopes of a revival in urban consumption.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,919 crore ($205 million), while domestic institutional investors (DIIs) bought equities worth Rs 2,221 crore, according to provisional BSE data. So far in April, FPIs have sold shares worth Rs 42,761 crore ($4.6 billion), while DIIs have invested Rs 34,885 crore.

source: Dailyhunt 

22/04/26, Crude oil prices rebounded from their intraday lows on Tuesday, 21 April, as the looming expiry of the two-week ceasefire on Wednesday raised concerns that hostilities could resume in the region, with Iran yet to confirm its participation in a second round of peace talks in Pakistan.

 Brent crude rebounded 5.35%, or $5 per barrel, from intraday lows to $98.89, while US benchmark crude recovered 5.56% or $4.77 a barrel to $90.68 from the day's low.

Tensions between the US and Iran renewed earlier this week after the US Navy seized an Iranian vessel in the Strait of Hormuz.

Shipping traffic through the key waterway, which normally handles about 20% of global oil and liquefied natural gas (LNG) supplies, remained broadly halted on Tuesday.

Peace talks remain uncertain

US President Donald Trump said Tehran had "no choice" but to send a delegation to Pakistan. The US is "ready to go" with a resumption of bombing if a breakthrough is not reached, he told CNBC.

Trump added that Vice President JD Vance is prepared to travel to Pakistan for negotiations. Earlier this week, he said it is "highly unlikely" he would extend the two-week truce if an agreement were not reached before it expires, adding that the Strait of Hormuz would remain blocked until an accord is finalised.

Meanwhile, Parliament Speaker Mohammad Bagher Ghalibaf said Iran would not "accept negotiations under the shadow of threats."

Esmail Baqaei, spokesperson for Iran's Ministry of Foreign Affairs, said during a weekly press briefing on Monday, "We have no plan for a next round of negotiations, and no decision has been made in this regard," according to Fars News Agency.

On Monday, Esmail said there appears to be little seriousness on the part of the US in pursuing diplomacy in its conventional sense.

The standoff threatens to deepen the energy crunch, with flows through the vital Strait of Hormuz remaining at a near standstill. Key unresolved issues include Iran's nuclear programme and Israel's military operations in Lebanon.

The first round of talks began on Saturday, 12 April, in Islamabad, with Pakistan acting as mediator. The discussions, involving Iranian and US representatives, lasted about 21 hours but ended without a breakthrough.

Meanwhile, Iran's Foreign Ministry on Tuesday condemned the confiscation of Iranian cargo ship Touska by the United States and called for the "immediate release of the vessel, its sailors, crew, and their families."

(Report by Mint with inputs from Bloomberg)

22/04/26, Human rights activist and the UN special rapporteur on Palestine, Francesca Albanese, has spoken about the current situation in Gaza.

 In an interview with The Hindu, Albanese said that what Israel is doing in Gaza cannot be justified in any way. She also raised questions about the global community's cold response to Israel's attacks on Palestinians. She specifically expressed concern over India's relations with Israel.

Albanese presented her report titled "Torture and Genocide" on March 23 this year at the 61st session of the United Nations Human Rights Council. In the report, she particularly highlighted the arrests of Palestinians by Israel since October 2023 and the torture of those held in detention. The report mentions 18,500 arrests, including 1,500 children.

Israel is doing very wrong: Francesca

In the interview, Francesca Albanese said that what the Israeli army and government are doing in Gaza is cruel and cannot be justified at any cost. Dropping bombs on Palestinians, arresting them, taking them from their homes and making them disappear, and the exploitation of women and children are being carried out by Israel.

Israel has recently introduced a new law that specifically talks about the arrest of Palestinians and imposing strict punishments on them. This law shows how Israel is crossing its limits every day. The world should speak out on this, but instead it has maintained a cowardly silence.

India's stance is not right: Albanese

Albanese further said, "We have continuously raised questions in Italy and compelled our government to speak on the Palestine issue. I would like the people of India to also speak out strongly on this issue and question their government. We cannot remain silent on the oppression being carried out by Israel."

During the interview, she expressed concern over India Israel relations, especially regarding support from Delhi to Tel Aviv during the Gaza war. She said it is troubling to know and read about such developments. This has happened at a time when the International Court of Justice has already issued a warrant against Israeli Prime Minister Benjamin Netanyahu, declaring him a criminal.

India should not go against the law

Francesca Albanese alleged, "By helping Israel and Netanyahu, whom I consider war criminals, India is violating international law. India may have to face accountability. However, within India, different viewpoints have also been seen on this issue. Civil society and many others in the country have continuously raised their voices for Palestine and Gaza."

22/04/26, How can they (AIADMK) join with Modi?

Congress president Mallikarjun Kharge on Tuesday made a shocking charge against Prime Minister Narendra Modi, calling him a "terrorist", as he came down heavily on the AIADMK for joining hands with the BJP-led NDA for the upcoming Tamil Nadu assembly elections.

The BJP was quick to respond, demanding an apology to the nation from Kharge as well as Chief Minister MK Stalin for "disrespecting" 140 crore Indians by calling Prime Minister Modi a "terrorist".

WHAT DID MALLIKARJUN KHARGE SAY?

Kharge, who was campaigning in Chennai for the DMK-led alliance of which the Congress is a part, questioned how the AIADMK had joined Modi while accusing him of being a "terrorist" whose party does not believe in equality and justice.

How can they (AIADMK) join with Modi? He is a terrorist. And he who won't believe in equality. His party won't believe in equality and justice. And these people are joining with them, it means that they are weakening democracy…" Kharge said.

His scathing attack on the AIADMK-BJP alliance comes on the last day of campaigning for the Tamil Nadu election, voting for which will take place on April 23. He did not mince words as he said by joining hands with a party like the BJP, the AIADMK was "weakening democracy and the philosophy of Annadurai, Kamaraj, Periyar…and Babasaheb Ambedkar".

Kharge, however, promised that the Congress-DMK alliance will continue to deliver "welfare, inclusive growth, quality education, and accessible healthcare" in Tamil Nadu.

Report by News18, Dailyhunt 

US-Israel-Iran War Updates, April 21, 2026

 Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a US blockade of Iran’s ports, a significant obstacle to Tehran rejoining peace efforts as the end of a two-week ceasefire approaches.

However, the official stressed that no decision had been made and Iranian Foreign Minister Abbas Araqchi said that “continued violations of the ceasefire” by the US are a major obstacle to continuing the diplomatic process.

Meanwhile, US vice president JD Vance is set to arrive in Pakistan on Tuesday for the peace talks.

Stay with News9Live.com for latest updates on the ongoing US-Israel vs Iran war.

21/04/26, Stocks to Watch Today, the EconomicTimes Report

 Indian equities are expected to see stock-specific action on April 21, driven by fourth-quarter earnings announcements and key corporate developments.

Companies including PNB Housing Finance, NELCO, HCLTech, and Vedanta Limited remain in focus amid financial performance updates and strategic announcements.

Here's the list of stocks to watch in today's trading session:

Q4 Update

Company Name	Why in Focus
PNB Housing Finance	Profit rises 14.4%;
NELCO	Swings to profit; revenue up 17.3%
Indosolar	Profit inches up; revenue plunges sharply
SML Isuzu	Profit edges higher; revenue sees strong growth

PNB Housing Finance

Profit rises 14.4 per cent

PNB Housing Finance reported a steady performance, with profit rising 14.4 per cent to Rs 648.7 crore compared to Rs 567.1 crore. Net interest income increased 8.2 per cent to Rs 796 crore from Rs 735.8 crore. The board has recommended a final dividend of Rs 8 per share for FY26.

NELCO

Revenue up 17.3 per cent

NELCO posted a turnaround, reporting a profit of Rs 1.09 crore against a loss of Rs 4.08 crore. Revenue grew 17.3 per cent to Rs 79.2 crore from Rs 67.5 crore.

Indosolar

Profit inches up; revenue plunges sharply

Indosolar saw profit increase 4.9 per cent to Rs 42 crore from Rs 40 crore, though revenue declined sharply by 56.7 per cent to Rs 83.1 crore from Rs 192 crore.

SML Isuzu

Revenue sees strong growth

SML Isuzu (referred to as SML Mahindra) reported a 2.4 per cent rise in profit to Rs 54.2 crore versus Rs 52.95 crore, while revenue climbed 16.4 per cent to Rs 897.65 crore from Rs 771.4 crore.

Corporate Update

Company	Why in Focus
HCLTech	Appoints Kimsuka Narsimhan as independent director
Thomas Cook India	Launches visa rejection trip cover with ICICI Lombard
TVS Motor Company	Enters Zambia market with Zamoto as distributor
Tata Consultancy Services	Signs MoU with NAVER for map services collaboration
Suzlon Energy	Partners with GS E&C for renewable energy solutions
BSE Ltd	Launches Housing Finance Index via subsidiary
JSW Steel	Forms JV with POSCO for Odisha steel plant
Vedanta Limited	Sets May 1, 2026 as demerger effective date
Hyundai Motor Company	Partners with TVS Motor for electric three-wheelers in India

HCLTech

Appoints Kimsuka Narsimhan as an independent director

Technologies (HCLTech) on Monday announced the appointment of Kimsuka Narsimhan as an independent director with immediate effect.

Thomas Cook

Launches visa rejection trip cover with ICICI Lombard

Thomas Cook (India) and its group company SOTC Travel on Monday announced the launch of trip cancellation due to visa rejection cover, in collaboration with ICICI Lombard.

TVS Motor

Enters Zambia market with Zamoto as distributor

TVS Motor Company on Monday announced its foray into the Zambian market, appointing Zamoto Manufacturing Ltd as its official distributor.

Tata Consultancy Services (TCS)

Signs MoU with NAVER

South Korean tech giant NAVER Corp and India's largest IT company Tata Consultancy Services (TCS) on Monday inked a Memorandum of Understanding for mutual cooperation in map services.

Suzlon Energy

Partners with GS E&C

Suzlon Energy and Korean firm GS E&C on Monday exchanged initial pact for a partnership in India's renewable energy business and the optimisation of related solutions.

BSE

Launches Housing Finance Index

BSE Index Services, a wholly-owned subsidiary of BSE Ltd, on Monday announced the launch of the BSE Housing Finance Index, aimed at tracking the performance of companies engaged in the housing finance segment.

JSW Steel

Forms JV with POSCO

JSW Steel has entered into a joint venture agreement with South Korean steel major POSCO to set up a 6 million tonnes per annum steel plant in Odisha, a statement said on Monday.

Vedanta

Sets May 1, 2026 as demerger effective date

Mining major Vedanta on Monday said its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities.

Hyundai Motor Company

Partners with TVS Motor

Hyundai Motor Company and TVS Motor Company on Monday said they have signed a joint development agreement to advance the development and commercialisation of electric three-wheeler solutions designed specifically to address India's last-mile mobility needs.