Market News
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EMS zooms on bagging Rs 144-cr order from UP Jal Nigam
EMS zoomed 7.43% to Rs 369.25 after it has received a letter of acceptance (LoA) worth Rs 144 crore from UP Jal Nigam (Urban), Varanasi, for sewer network and house connection works.
Afcons Infrastructure bags Rs 373-cr civil works order
Afcons Infrastructure announced that it has secured orders worth Rs 373 crore for civil infrastructure works under its Urban Infrastructure and Metro business unit.
Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Afcons Infrastructure wins ₹373 crore urban and metro EPC and tunnelling orders, 20% equity lock in ends, shares close at ₹342, up 0.68%.
Q4 Results This Week: L&T, BHEL among 120-plus companies set to report numbers
From Nifty 50 names like Larsen & Toubro, Mahindra & Mahindra, Titan, Bajaj Auto, Tata Consumer, to important broader market names like BHEL, Manappuram Finance, Lupin, Petronet LNG, Urban Company, Paytm and others, these companies will be reporting their March quarter results over the course of this upcoming week.
Ceigall India says its joint venture CIL-SAM bags Rs 918-cr order from Jaipur Metro
Ceigall India's joint venture, CIL-SAM India, has secured a Rs 918.04-crore project from Jaipur Metro Rail Corporation for Phase-II expansion. The contract involves designing and constructing an 10.8 km elevated viaduct and ten metro stations, with a 34-month execution timeline. This win signifies Ceigall India's diversification into urban mobility projects.
Axis Bank opens its first digital locker-focussed branch
Axis Bank has opened its first digital locker branch in New Delhi. This new facility aims to provide advanced security and customer experience through automated locker services. The bank is responding to a growing demand for safe deposit lockers, especially in urban areas. Industry estimates predict a significant increase in locker requirements by 2030.
Skoda Auto India links up with CSC Grameen eStore for bookings
Skoda Auto India is expanding its reach. The company has partnered with Common Services Centre Grameen eStore. This collaboration will make Skoda's cars available in non-metropolitan and semi-urban areas. Customers can now easily inquire about and purchase vehicles. Skoda aims to bring its products closer to more people across India. This initiative creates a more accessible mobility ecosystem for everyone.
Native logic: Urban Company bets on Diwali launch of AC-purifier hybrid to scale consumer durables business
This strategic move marks Urban Company's expansion beyond beauty services, aiming to capture a rapidly growing market.
Overall tele-density rises from 92.66% in Feb-26 to 93.26% in Mar-26
Ministry of Communications stated in a latest update that as per the information received from 1520 operators for the month of March 2026, the total number of broadband subscribers increased from 1059.05 million at the end of February 2026 to 1065.88 million at the end of March 2026 with a monthly growth rate of 0.65%. The number of wireline subscribers increased from 47.99 million at the end of February 2026 to 48.25 million at the end of March 2026. The net increase in the wireline subscriber base was 0.25 million with a monthly growth rate of 0.53%. The overall wireline tele-density in India increased from 3.37% at the end of February 2026 to 3.38% at the of March 2026. Urban and rural wireline tele-density were 8.37% and 0.57% respectively, at the end of March 2026. The respective share of urban subscribers, and rural subscribers in total wireline subscribers were 89.24% and 10.76% respectively at the end of March 2026.
Sunkonnect plans to cut 15% carbon dioxide emissions in educational institutes over 4 years
Sunkonnect's ambitious plan targets 34 million tonnes of CO2 reduction. The firm will install solar rooftops on over 5,000 schools. Energy audits, LED upgrades and waste management are also included. This initiative aims for energy-efficient and net-zero campuses across India.
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
Indian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. This shows growing confidence from domestic investors in these tech-focused businesses. Brokerages are also initiating coverage with positive outlooks. This trend indicates a significant shift in institutional capital towards India's new-age economy.
Unemployment rate edges up to 5.1% in Mar-26compared to 4.9 in previous month
Government released the latest monthly update on Periodic Labour Force Survey (PLFS), reflecting a modest rise in unemployment rate (UR). The overall Urban Labour Force Participation Rate (LFPR) among persons of age 15 years and above is reported as 55.4% in March, 2026. Rural LFPR was 58.0% in March, 2026 as compared to 58.7% in February, 2026 while urban LFPR remained almost stable during this period. Female Labour Force Participation Rate (LFPR) in March, 2026 was reported as 34.4%, against 35.3% in February, 2026. Female LFPR in rural areas was found as 38.9% in March, 2026, while the same stood at 25.2% in urban areas during the month.