Category: Corporate

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Corporate

Coal India shares slip by 5% on rising costs

Shares of Coal India fell around 5% after the company decided to absorb rising costs and lower coal prices, a move that worried investors about its earnings.

The drop came despite a steady broader market, showing that concerns were specific to the company. Investors reacted to the decision to take on higher expenses instead of passing them on to customers.

Coal India is currently facing increased costs in its operations. Prices of key inputs like explosives and fuel have gone up, making mining more expensive. This has put pressure on the company’s profit margins.

Even with these rising costs, the company has chosen to reduce prices in its e-auctions. These auctions usually bring in higher earnings, but the price cut is aimed at keeping coal affordable for industries, especially power producers. The move is expected to help prevent a rise in electricity costs.

However, this strategy may impact the company’s revenues. Lower auction prices and higher costs mean Coal India could earn less in the coming months. This has made investors cautious, leading to the fall in its share price.

The e-auction segment is a key source of profits for the company, and any decline in earnings from this segment could affect its overall performance. Analysts say this is one of the main reasons behind the negative market reaction.

Coal India remains a major supplier of coal in the country, and its pricing decisions play an important role in keeping energy costs stable. For now, the company appears to be focusing on supporting consumers rather than boosting short-term profits.

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Corporate

Ola Electric shares jump 35% in three days

Ola Electric’s shares have seen a sharp rise, gaining about 35% in just three days, as investor confidence in the company improves.

The stock continued its upward trend in the latest trading session, helped by positive news around the company’s performance and future plans. One of the main reasons for the rally is strong demand for electric vehicles. Ola Electric reported better sales in March, with higher vehicle registrations, suggesting a recovery after a slower period.

Another key factor is progress in battery technology. The company recently said its in-house battery cells are ready, which could help lower costs and improve efficiency in the long run. This development has boosted confidence among investors.

There is also optimism around the company’s expansion plans, including work on its gigafactory and efforts to make electric scooters more affordable. These steps are seen as important for future growth.

The sharp rise in the stock has added significant value to the company in a short time. However, market experts caution that such quick gains can also lead to volatility.

Even after the recent rally, the stock is still below its earlier highs and faces competition in the growing EV market. Challenges around scaling operations and maintaining demand also remain.

Also Read: Rupee rises to 92.41, gains 10 paise vs dollar

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Corporate

Reliance caps fuel sales at ₹1,000 per pump

Reliance Industries has begun limiting fuel sales at its petrol pumps, allowing customers to buy fuel worth only up to ₹1,000 per visit.

This step comes as the company faces supply pressure due to global disruptions, particularly tensions in the Middle East. These issues have affected the movement of crude oil, making supplies tighter.

The limits are being seen at several fuel stations run by Reliance’s joint venture with BP across the country. While there is no official nationwide announcement, many local dealers have started following the cap to manage available stock.

The idea behind this move is simple which is to ensure that fuel is available to more people and prevent sudden shortages at individual pumps. It also helps avoid panic buying, where people rush to fill large quantities fearing supply issues.

India depends heavily on imported crude oil, so any disruption in global supply chains can quickly impact availability in the country. Recent tensions have made the situation more uncertain, prompting companies to act cautiously.

In some areas, reports of possible shortages had already led to a surge in demand, putting additional pressure on fuel stations. By setting limits, retailers are trying to maintain a steady supply and avoid long queues.

Also Read: TCS shares fall 2% despite strong Q4 performance

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Corporate

TCS shares fall 2% despite strong Q4 performance

Shares of Tata Consultancy Services (TCS) fell around 2% after it announced its fourth-quarter results, even though the company reported steady growth.

For the March quarter, TCS posted a rise in profit and revenue compared to last year. The company also announced a final dividend, showing confidence in its financial health.

However, the market reaction was muted. Investors seemed more focused on future growth rather than past performance. Concerns about slower demand in key sectors, especially banking and financial services, weighed on sentiment.

Brokerage firms gave mixed views. Some remained positive, highlighting strong deal wins and a healthy order pipeline, which could support growth in the coming quarters. Others were more cautious, pointing to possible pressure on margins and slower growth ahead.

Another area of concern is the impact of artificial intelligence (AI). While AI offers long-term opportunities, it is also changing the way IT services are delivered, creating some uncertainty in the near term.

The weak sentiment was not limited to TCS. Shares of other IT companies also came under pressure, reflecting broader concerns in the sector.

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Sensex jumps 900 points, Nifty tops 24,000

Indian stock markets rose sharply on April 10, recovering from the previous session’s losses.

The Sensex climbed over 900 points to close above 77,500, while the Nifty crossed the 24,000 mark. The strong rally was mainly driven by positive global signals and easing concerns around geopolitical tensions.

Markets were supported by reports of improving relations between the US and Iran, which led to a drop in crude oil prices. Lower oil prices are beneficial for India as they help reduce inflation and import costs.

Buying was seen across several sectors, especially auto, metals and banking stocks. Among the top gainers were Asian Paints, Mahindra & Mahindra, and Adani Ports, which helped push the indices higher.

However, not all stocks participated in the rally. Infosys, Reliance Industries, and TCS were among the major losers, facing selling pressure during the session.

Global markets also traded positively, which lifted investor sentiment. A stronger rupee and some return of foreign investor interest added to the gains.

Experts say the rise was partly due to bargain buying after the recent fall. Still, they caution that markets may remain volatile due to global uncertainties.

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Corporate

Anand Rathi Wealth announces bonus shares, ₹7 dividend

Anand Rathi Wealth has announced a bonus share issue and a dividend along with its latest quarterly results, showing strong business performance.

The company will issue bonus shares in a 1:1 ratio. This means shareholders will get one extra share for every share they own. The move is aimed at rewarding investors and making the stock more accessible in the market.

In addition, the company has declared a final dividend of ₹7 per share for the financial year 2025–26. This will be paid to shareholders after approval at the annual general meeting.

The announcements came as the company reported strong results for the fourth quarter. Net profit rose by around 40% compared to the same period last year, reaching about ₹103 crore. Revenue also grew by nearly 30%, showing steady business growth.

The company’s assets under management (AUM) increased by over 20% year-on-year. This indicates strong client inflows and growing trust among investors. The number of clients also went up during the period.

Experts say bonus shares are usually given when a company has strong reserves. While investors get more shares, the overall value of their investment does not change immediately, as stock prices adjust after the bonus issue.

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Corporate

Sensex jumps 820 points, Nifty above 24,050

Indian equity markets surged on Friday, with benchmark indices opening strong and sustaining gains through early trade. The Sensex rose around 820 points, while the Nifty 50 moved firmly above the 24,050 mark, supported by broad-based buying across key cyclical sectors.

The rally was led by strong performances in banking, financial services, and auto stocks. Eicher Motors, Axis Bank, Shriram Finance, Asian Paints, and Wipro were among the top gainers, drawing solid investor interest on expectations of steady domestic demand and continued credit growth. Infrastructure-linked stocks also contributed to the upward momentum, adding strength to the broader market rally.

On the losing side, IT and pharmaceutical heavyweights weighed on the indices. TCS, Infosys, HCL Technologies, Tech Mahindra, and Sun Pharma were among the major laggards, as selling pressure persisted in export-oriented sectors amid concerns over global demand trends and margin pressures.

Market breadth remained strongly positive, with advancing stocks significantly outnumbering decliners, highlighting widespread participation across segments. Midcap and smallcap indices also outperformed large caps, each gaining close to 1%, reflecting strong risk appetite among investors.

Sector-wise, autos, banking, financial services, FMCG, and infrastructure indices traded firmly in the green, while IT and pharma were the only notable sectors in the red. This divergence underscored a clear shift in momentum towards domestic cyclicals.

Also Read: IndiGo rises 11% on ceasefire, lower oil

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Corporate

IndiGo rises 11% on ceasefire, lower oil

Shares of IndiGo soared 11% this week, becoming one of the top gainers on India’s Nifty 50, after news of a two-week ceasefire in the Iran conflict and a fall in crude oil prices lifted investor sentiment. Lower fuel costs are particularly good news for airlines, as aviation turbine fuel accounts for a large portion of operating expenses.

The Indian government also stepped in with temporary relief, cutting landing and parking charges at major airports by 25% for three months. This move is designed to ease financial pressure on carriers navigating the ongoing disruptions in West Asia.

Despite the market optimism, airlines continue to face operational challenges. Safety concerns and airspace closures have forced Indian carriers to cancel thousands of flights to the Gulf and West Asia, reducing daily services from around 300–350 to 80–90. Longer routes are being rerouted, adding complexity and costs.

Passengers are feeling the impact too, with fewer flight options and rising fares on affected routes. Some airlines have imposed fuel surcharges and revised ticket prices to manage the volatility.

Domestic carriers like IndiGo and Air India are treading cautiously, gradually restoring operations only as airspace stabilizes.

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Sensex drops 931 points, Nifty slips below 23,800

India’s stock markets paused after a strong five-day rally, with the BSE Sensex falling 931 points (1.2%) to close at 76,632, and the Nifty 50 slipping 223 points (0.9%) to 23,775 on Thursday, 9 April 2026. The decline came amid profit-taking, rising crude oil prices, and renewed geopolitical uncertainty.

Among the top losers, HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries, and State Bank of India saw sharp declines, reflecting concerns over higher fuel costs and global market volatility. Conversely, TCS, Infosys, Larsen & Toubro (L&T), and ONGC managed modest gains, offering some support to the indices.

Markets had surged earlier this week on optimism over a temporary ceasefire between the US and Iran and a fall in crude prices. However, oil prices rose again on Thursday, prompting investors to book profits. Foreign institutional investors also trimmed positions, adding to the selling pressure.

Sector-wise, banking and financial stocks were the biggest drag, while IT and energy stocks helped limit losses.

Also Read: Adam Back denies claims of being Bitcoin creator

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Musk moves to oust OpenAI CEO Altman

Elon Musk has stepped up his legal battle with OpenAI, now asking the court to remove CEO Sam Altman from his position. He is also seeking the removal of OpenAI president Greg Brockman as part of the case.

Musk, who helped start OpenAI in 2015, has been critical of how the company has changed over time. In his lawsuit, he claims OpenAI has moved away from its original goal of working as a non-profit focused on public benefit and has instead become more profit-driven.

According to Musk, he supported the organisation in its early days based on the idea that it would remain non-commercial. He now argues that the company’s current structure and partnerships go against that vision.

As part of the updated lawsuit, Musk is also seeking huge financial damages, reportedly over $100 billion. However, he has said that any money awarded should go to OpenAI’s non-profit arm, not to him personally.

OpenAI has strongly denied these claims. The company says Musk’s accusations are unfounded and has pushed back against his demands, calling them disruptive. It has also suggested that Musk’s actions may be influenced by competition, as he now runs his own AI company, xAI.

The dispute highlights the growing tension between Musk and OpenAI, especially as both are now competing in the fast-moving artificial intelligence space.

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