Broker’s Call: Muthoot Finance (Hold)
Muthoot Finance, India’s largest gold‑loan NBFC, posted a 20.34% Q3 FY26 loan yield, buoyed by one‑off NPA recoveries. Management raised FY26 gold‑loan growth guidance to 45%, while the loan book expanded across 7,541 branches. Despite beating estimates, the stock faces pressure from gold‑price volatility and a slight dip in collateral tonnage. The broker upgrades the rating to Hold with a target price of ₹3,478, based on 2.4× FY28E BVPS.
PM Modi Flags Off Six New Trains in Tamil Nadu and Kerala
Prime Minister Narendra Modi virtually flagged off six new train services linking key cities in Tamil Nadu and Kerala. Four of the trains will run weekly, while the others operate daily or five days a week, with routes spanning from Nagercoil...
Defence Forces Vission 2047 Launched for Transforming Tri-Services
India’s Defence Ministry unveiled the "Defence Forces Vision 2047," a comprehensive roadmap to transform the Army, Navy and Air Force into an integrated, multi‑domain force by the country’s centenary. The document, crafted by the Integrated Defence Staff over two years, stresses...
India to Give Tariff Concession for DDGS Imports From US, but with a Cap
India announced a tariff concession for U.S. dried distillers grains with solubles (DDGS) used in animal feed, but only within a capped quota similar to existing tariff‑rate quotas for commodities like corn. Union Minister Rajiv Ranjan Singh emphasized that the...
West Asia Conflict Disrupts Gas Supply to Maharashtra Industry; MNGL Invokes Force Majeure
Escalating conflict in West Asia has halted LNG vessels through the Strait of Hormuz, prompting Maharashtra Natural Gas Ltd. (MNGL) to invoke a force majeure clause. The disruption is forcing industrial consumers in Maharashtra to curb gas draw‑downs and seek...
Kirloskar Oil Engines Unveils Succession Plan; Rahul Kirloskar to Chair Board
Kirloskar Oil Engines Ltd announced a planned leadership transition, naming Rahul Kirloskar as Chairperson of the Board effective April 1, 2026. Managing Director Gauri Kirloskar will also take on the Vice‑Chairperson role. The change follows the retirement of Atul Kirloskar, who steps down after more...
Euler Motors Signals Hero MotoCorp Stake Raise as EV Maker Scales Capacity and Portfolio
Hero MotoCorp will invest an additional ₹275 crore in Euler Motors, raising its stake from 34.1% to roughly 36% on a fully diluted basis. Euler has unveiled a ₹300‑400 crore capital‑expenditure plan for the next 18‑24 months to add new production lines,...
SRM Institute of Science and Tech Licenses Its Cell Encapsulation Technology to Anabond
SRM Institute of Science and Technology has licensed its five‑year‑developed cell‑encapsulant technology to industrial adhesive maker Anabond Ltd. The agreement provides SRMIST with an upfront ₹1 crore and royalties for seven years, while the encapsulant promises up to a 50 percent increase...
Borosil to Set up New Glassware Manufacturing Facility in Gujarat, Expand Furnace Capacity in Jaipur
Borosil Ltd's board approved a ₹42 crore glassware plant in Bharuch, Gujarat, slated for commercial production by December 2026. The new facility will mass‑produce storage jars, bottles and jugs, shifting supply from its sister firm. Simultaneously, Borosil will invest ₹50 crore to expand...
The €140 Billion Circular Handshake
The EU‑India Free Trade Agreement, covering €136 billion in trade and promising €4 billion in annual tariff savings, pivots from volume‑driven commerce to a circular framework. It grants India preferential access for textiles, footwear and other labour‑intensive goods while opening EU markets...
Govt Says Air India Plane Crash Probe Report Will Be Out ‘Very Soon’
India's Civil Aviation Minister K. Rammohan Naidu told the Rajya Sabha that the Aircraft Accident Investigation Bureau's probe into the June 12, 2025 Air India Boeing 787‑8 crash, which killed 260 people, is progressing rapidly. He pledged that the final report will be...
West Asia Conflict: Nasscom Urges Member Firms to Step up Vigilence, Cyber Resilience
NASSCOM has issued a fresh advisory urging Indian technology firms to heighten vigilance and cyber‑resilience as the West Asia conflict escalates following US and Israeli strikes on Iran. The body recommends activating business‑continuity plans, enabling remote work for staff in...
Alligator Automations Opens New Office in PCMC Industrial Belt
Alligator Automations has opened a new 4,000 sq ft office on the fourth floor of Teerth Business Center in Bhosari MIDC, Pune’s PCMC industrial belt. The facility consolidates the firm’s sales, marketing, controls, mechanical engineering and accounts teams under one roof. Designed to...
Why the Concern over Capital Flows
The Reserve Bank of India introduced tighter rules on external commercial borrowings to curb volatility in the capital account, even as the current account remains stable. While gross foreign direct investment (FDI) has averaged $78 billion annually, equity repatriation has surged,...