Market News
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FCL defaults on ₹615.67 cr interest, principal payment
Future Consumer Ltd has defaulted on ₹615.67 crore in loan repayments, including interest and principal, as of March-end 2026. The defaults span bank loans, credit facilities, and unlisted debt instruments such as NCDs and NCRPs.
Landmark step, but concerns remain: Experts on Kalpakkam nuclear reactor reaching criticality
India's first indigenous prototype fast breeder reactor at Kalpakkam has achieved criticality. This marks a major milestone in the nation's pursuit of nuclear self-reliance. The reactor's success bolsters the three-stage nuclear program. Experts highlight its role in harnessing India's vast thorium reserves for future energy security.
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
India's leap into the future of transport was evident in FY26, as electric vehicle sales skyrocketed to 24.52 lakh units, a noteworthy increase of 24.6 percent. The two-wheeler segment alone accounted for over 14 lakh units, underscoring consumer enthusiasm. Meanwhile, electric passenger vehicles surged with an impressive growth rate of 83.63 percent.
Godrej Consumer shares rise 3% after double-digit Q4 sales growth; flags cost pressures from Iran war
Godrej Consumer Products share price saw a 3.5% jump. The company anticipates steady performance for the March quarter. Demand in India remains stable. International businesses in Indonesia and GAUM also show positive trends. Rising crude oil prices present a challenge. The company plans to manage costs through pricing and efficiency measures. Future outlook remains positive.
RBI cancels licence of Shirpur Merchants' Co-operative Bank
The Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insufficient capital and future earning potential. The bank will cease all banking operations from April 6, 2026. Depositors will receive their insured amounts up to Rs 5 lakh from DICGC.
Capital with purpose: How capital markets are shaping the future of medicine with Dheeraj Chinthalapelly
Dheeraj Chinthalapelly, with a decade and a half of experience in global capital markets, shares his journey navigating the biotech investment banking, highlighting his focus on capital raising and mergers and acquisitions. He emphasises the importance of advising companies that bring scientific innovation to patients, navigating the evolving biotech capital markets, and prioritising long-term value creation.
Nestle India shares in focus as firm expands Munch production at Sanand factory
Nestle India is expanding its production capacity. A new manufacturing line for its Munch chocolate brand is being set up in Sanand, Gujarat. This expansion is expected to add 8,300 tonnes to its annual output. The project involves an investment of Rs 225 crore. This move aims to meet future consumer demand for the popular chocolate.
India ready to meet 270 GW peak power demand this summer, says Manohar Lal
India is ready for this summer's peak power demand of 270 GW. The nation's power infrastructure is robust. Future demand will rise with AI, data centers, and electric vehicles. Transmission lines are expanding significantly. This ensures reliable power supply for growing needs.
India luxury car demand resilient despite West Asia crisis: Lamborghini
Lamborghini anticipates stable super luxury car sales in India this year. New customers and improved infrastructure are driving demand. However, the company will not gain from the India-European Union Free Trade Agreement. This is because the pact currently excludes plug-in hybrid vehicles, which are central to Lamborghini's offerings. The company remains optimistic about future growth in the Indian market.
Cipla, GSPL among 6 stocks that hit 52-week lows; slip up to 24% in a month
Seven stocks from the BSE 500 index slipped to their 52-week lows. A 52-week low marks the lowest level a stock has traded at over the past year, and is closely tracked by traders and investors to gauge valuations and potential future price trends.
Divestment jolt hits IDBI Bank as shares extend decline to 30% in a month. Buy, sell or hold?
IDBI Bank shares have plummeted nearly 30% in a month as the government's strategic stake sale faces potential delays due to financial bids falling below the floor price. Experts are divided on the stock's future, with some advising to buy on dips while others suggest holding or selling on rallies.
IPO-bound CMPDI bets on parent Coal India to power future growth
Coal India has set an ambitious production target of reaching one billion tonnes and eventually 1.5 billion tonnes as demand grows along with electricity consumption.