The insurance regulator IRDAI has given the green light for the transfer of 8.29 crore shares owned by the late Rakesh Jhunjhunwala in Star Health. This transfer will take place following a probate process, and it complies with disclosure requirements under SEBI regulations.
Arjun Mehta
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IRFC has extended a Rs 1,000 crore term loan to Maharashtra's largest power utility, MAHAGENCO, marking a diversification of its portfolio beyond the railways sector. Remarkably, this move maintains IRFC's record of zero non-performing assets and financial discipline.
Public sector banks (PSU) have drawn attention from investors following Q4 updates, showing a consistent increase in deposits and advances. Among them, Bank of Baroda, Punjab National Bank, and Union Bank reported year-on-year and quarter-on-quarter growth. However, Bank of Baroda slightly dipped by 0.8%, while Punjab National Bank saw an improvement of 0.4%. Union Bank registered a gain of 0.6% in this period.
Morgan Stanley has kept its neutral stance on BlackBuck, setting a target price of INR 650. The decision is backed by BlackBuck's strong Q4 growth, attributed to over 60% revenue from tolling, enhanced FASTag collections, and a Q4 GTV growth rate of 15-20%.
Gold and silver markets are anticipated to remain bullish in the upcoming fiscal year (FY27), driven by global uncertainties. While higher interest rates may cap significant price increases, both metals are expected to maintain a moderate upward trend. Silver's remarkable 142.2% surge in FY26 was fueled by supply shortages and increased demand, and FY27 prices for silver domestically could range between Rs 2.75-3.5 lakh per kg.
Vinay Rajani, of HDFC Securities, suggests investors consider GE Shipping and Arvind for short-term profits, with predicted prices at Rs 1,590 and Rs 388 respectively. Markets were down on April 6 due to Middle East tensions, with both Nifty 50 and Sensex declining. Brent crude oil reached $110/barrel, causing mixed results in Asian markets.
The push for increased ethanol blending in India is proving beneficial for sugar stocks such as EID Parry and Gulshan Polyols Ltd. This shift is driving up demand and reducing oil dependency, thanks to policy backing and a growing emphasis on cleaner energy sources. In response, these companies are expanding their ethanol production capacity to capitalize on the rising demand.
Companies raised a record ₹47,280 crore through rights issues in the past financial year (FY26), with Adani Enterprises accounting for nearly half of that amount. This surge was driven by market volatility and companies preferring promoter-backed funding over QIPs due to SEBI's simplified process, and fluctuating Foreign Portfolio Investor (FPI) flows.
In the March quarter, PNB, Union Bank, and IDFC FIRST Bank observed an increase in lending over deposits, indicating a persistent appetite for loans despite taut liquidity situations. [The Times of India]
Both Marico and Dabur, prominent Fast-Moving Consumer Goods (FMCG) firms, anticipate a robust single-digit growth in Q4 of the financial year 2025-26. Despite geopolitical challenges in West Asia, their domestic operations seem to be holding strong, mitigating these risks.
In a fierce competition, Adani wins the JAL bid with a substantial ₹6,000 crore upfront payment. Despite Adani Enterprises experiencing a 20.5% decline in the past year, analysts are optimistic about Vedanta's 41% growth and favor its bullish trend over Adani's recent downturn.
Tata Steel and Jindal Steel could see a boost in their Q4 earnings this fiscal year due to increased domestic prices, reduced imports, and robust demand. However, potential issues with LNG supply may impact JSW Steel's spreads.
Monarch Networth Capital has been given the green light by SEBI to launch a mutual fund, broadening their reach in the asset management sector.
Effective March 31, 2026, Rajeev Sikand retires as CEO of Alicon Castalloy after a long tenure. His successor, Sumit Bhatnagar, brings over two decades of automotive experience to the role.
Ramkrishna Forgings experienced a 7.9% increase in stock price to ₹503.50 following the launch of a new ₹249 crore DISA FLEX 80 casting line, which will produce 28,800 tonnes/year and positions the company as a comprehensive supplier for automotive castings.
APL Apollo Tubes reported a significant jump in Q4 sales for FY26, with an impressive figure of 9.24 lakh tonnes. This marks a strong finish to the fiscal year.
Waaree Energies experiences a significant decrease in its Goods and Services Tax (GST) demand for the fiscal years 2018-2019, with demands now at ₹23.6 lakh and ₹25.9 lakh compared to earlier figures of ₹6.95 crore and ₹6.03 crore respectively. The latest GST assessment for FY20 stands at ₹7.52 crore, prompting the company to plan an appeal.
Titagarh Rail's long-term credit rating remains strong at AA, according to CRISIL, with a stable outlook. The short-term rating stays high at A1, signaling robust credit quality.
Zodiac Clothing reached an unprecedented low of INR 59.2 on March 30, 2026, marking the lowest point in its history. This drop in share price followed a broader slump within the sector and saw a nearly 6% decline over two days.
EID Parry is planning to inject a total of 740 crores into PSRIPL, with 610 crores in equity and additional 130 crores in loans. This investment aims to strengthen PSRIPL's operational capacity and help it overcome its financial difficulties.