In today’s trade, shares of RIL, TCS, IDFC First Bank, BPCL, SpiceJet among others will be in focus due to various news developments and fourth quarter results.
Granules India
Granules India is increasing oversight at its manufacturing facilities and digitising documents after the US drug regulator flagged violations, including issues with record-keeping and contamination control practices, at its largest plant, Reuters said.IDFC First Bank
The CBI has registered an FIR in the alleged embezzlement of Rs 550 crore from the Haryana government’s accounts maintained with IDFC First Bank in Chandigarh after taking over the investigation in the matter, PTI reported.
BPCL
The National Green Tribunal (NGT) has dismissed an appeal by Bharat Petroleum Corporation Limited (BPCL) against the imposition of a Rs 1 crore fine for failing to install a vapour recovery system in its storage terminals. A vapour recovery system (VRS) is a process which can arrest the release of harmful organic compounds from petroleum products.
SpiceJet
A UK court has ordered India’s SpiceJet to pay about $8 million to an aircraft engine lessor over unpaid rent and maintenance charges for three engines, in the latest setback for the cash-strapped airline. London’s Commercial Court granted summary judgment on Wednesday in favour of Sunbird France 02 SAS over the unpaid rent and maintenance accruals, finding that SpiceJet had no viable defence.GAIL
India’s largest gas distributor GAIL (India) plans to borrow 50-60 billion rupees in fiscal 2027 to fund expansion, and has bought three spot LNG cargoes to offset supply shortages caused by the Iran war, a company executive said on Thursday.
RIL
Reliance Industries Ltd. has capped fuel purchases across its retail outlets — limiting customers to about $11 worth of gasoline or diesel — as the Middle East crisis continues to choke off supplies despite a tentative ceasefire. The country’s largest private-sector oil refiner is restricting individual purchases to 1,000 rupees ($10.8) per visit at fuel stations it operates with partner BP Plc, Bloomberg reported
Adani Green
Adani Green Energy announced on April 9 that its wholly-owned stepdown subsidiary, Adani Renewable Energy Middle East Ltd, has entered into a joint venture agreement with Minerva Holding RSC to develop renewable energy projects in India, marking another step in its international partnership strategy.
Poonawalla Fincorp
Shares of Poonawalla Fincorp will be in focus as the company will open a qualified institutional placement of shares to raise up to Rs 2,500 crore, according to reports.
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