Indian equities are moving into a more demanding phase, where broad-based gains are giving way to selective opportunities and sharper differences across stocks. Dhiraj Agarwal, Managing Director at Ambit Investment Managers, says the market no longer offers easy, momentum-driven returns. “Easy, easy, easy money is not there. It’s back to basics. There are money-making opportunities,…
Global investors are turning cautious on India despite its strong long-term growth promise, as concerns around artificial intelligence (AI) disruption and a recent slowdown in positive economic surprises weigh on sentiment, according to Jacob Pedersen, Head of Equity Research at AL Sydbank. Pedersen said that while India continues to be viewed as a structurally attractive…
State-owned reinsurer General Insurance Corporation of India (GIC Re) on Friday (April 10) said it has received a notice of demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department’s Assessment Unit for Assessment Year 2023-24, amounting to ₹350.47 crore. The order includes an assessment under Section 143(3) along with the…
Swiggy co-founder Nandan Reddy has stepped down from the company’s board to pursue independent projects, marking a key leadership transition at the firm. The development comes alongside a series of board-level changes disclosed by the company to exchanges on Friday, April 10. Swiggy said its board has approved the appointment of co-founder Phani Kishan and…
Pharmaceutical company, Torrent Pharmaceuticals Ltd, on Friday (April 10), said the US Food and Drug Administration (USFDA) inspected its Bileshwarpura (Oncology) facility in Gujarat, from April 6, 2026, to April 10, 2026. The inspection has been concluded with zero observations. Third Quarter Results Torrent Pharmaceuticals reported a net profit of ₹635 crore in Q3 FY26,…
Courier services provider Blue Dart Express Ltd on Friday (April 10) informed exchanges that a low-severity cybersecurity incident had been identified within its parent group, adding that no sensitive data was breached and no customer or business data was impacted. The company said the risk had been classified as low and was mainly related to…
L&T Realty Properties Ltd. (L&T RPL), a wholly owned subsidiary of Larsen & Toubro, has entered into a share purchase and shareholders’ agreement to acquire 100% stake in International Green Scapes Ltd. (IGSL), according to an exchange filing. Upon completion, IGSL will become a wholly owned subsidiary of the company. The acquisition, valued at ₹1,123…
Adani Energy Solutions Ltd (AESL) on Friday (April 10) reported operational progress across its transmission, distribution and smart metering businesses in Q4 FY26, including the commissioning of its second high-voltage direct current (HVDC) project and surpassing 1 crore cumulative smart meter installations. The company commissioned the Mumbai HVDC Project during the quarter, which strengthens the…
Mahindra & Mahindra Ltd on Friday (April 10) said its wholly-owned subsidiary Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML), and its subsidiary Erkunt Traktör Sanayii Anonim Şirketi have entered into a stock purchase agreement to sell their entire 99.04% stake in Erkunt Sanayi Anonim Şirketi (Erkunt Foundry). The agreement was signed on April 10, 2026,…
Pharma major Lupin Ltd on Friday (April 10) has announced the launch of dapagliflozin tablets in 5 mg and 10 mg strengths in the United States. The launch follows approval of its Abbreviated New Drug Application (ANDA) from the US Food and Drug Administration (USFDA), the company said. Lupin stated that the product is bioequivalent…
