Quarterly results

SWARAJ ENGINES Q4 Results

CONS NET PROFIT UP 20% AT ₹ 54.56 CR (YOY), UP 30% (QOQ)

REVENUE UP 20% AT ₹ 545.79 CR (YOY), UP 15% (QOQ)

EBITDA UP 21% AT ₹ 75.01 CR (YOY), UP 21% (QOQ)

MARGINS 13.74% VS 13.64% (YOY), 13.74% VS 13.10% (QOQ)

Companies

Reliance Retail Exits RPPMSL, Sells Stake to Jaipur Enclave for ₹274 Crore

Reliance Retail, a subsidiary of Reliance Industries, has sold its entire 100% stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Jaipur Enclave Private Ltd for ₹274 crore. The deal, completed on April 13, 2026, means RPPMSL is no longer a subsidiary of Reliance Industries. The company was relatively small, contributing just 0.06% to the group’s consolidated turnover.

Stock market

Over 20 stocks including LIC, Vedanta, Physicswallah, Adani Energy, PFC, DCX Systems, GHV Infra will be in focus today

Over 20 stocks including LIC, Vedanta, Physicswallah, Adani Energy, PFC, DCX Systems, GHV Infra will remain in market radar on Wednesday

Stocks like LIC, Vedanta, and Adani Energy are in focus as market developments unfold this Wednesday.

Ipo

Five jewellery firms defer IPO plans as market conditions turn bearish

Plans by five jewellery companies to hit the market with initial public offers (IPOs) worth ₹3,840 crore have been delayed, as weak market conditions and bearish sentiment in the primary market are holding back new issuances.

Listing on exchanges will drive tangible business benefits, including strengthening brand trust, enhancing customer and supplier confidence and supporting organised expansion for jewellery companies. Read the full story here

Gold silver

Inflows into gold ETFs turn positive in past fortnight

Investments in physically-backed gold exchange-traded funds (ETFs) turned positive in the past fortnight, after turning negative in March. However, for every $3 inflow, there was over a $1 outflow during the period, data from the World Gold Council (WGC) showed.

Asia has single-handedly ensured that the inflow remains positive till now, with the region making up over 86 per cent of net investments. 

The WGC year-to-date (as of April 10) data showed that investments in gold ETFs were more than a year ago, but outflows were also triple what they were a year ago. Net inflows were $10 billion lower than a year ago. Read the full story here

Forex

Weekly Rupee View: Rupee eyes recovery as dollar weakens

The rupee weakened over the last week, declining nearly 0.6 per cent to close at 93.38 against the dollar on Monday. Domestic markets remained shut on Tuesday. The local currency continues to face pressure as key supportive factors fade. Read more here

Stock market

Sensex, Nifty 50 were down nearly 1% at close on Monday

Benchmark indices had ended the previous session on a weak note, with both BSE Sensex and NSE Nifty declining nearly 1 per cent on Monday amid rising global uncertainties. The 30-share Sensex fell 702.68 points, or 0.91 per cent, to close at 76,847.57, after plunging as much as 1,681.93 points during the day. The broader Nifty dropped 207.95 points, or 0.86 per cent, to settle at 23,842.65.

Market sentiment was weighed down by escalating geopolitical tensions following the breakdown of talks between the US and Iran, raising fears of a prolonged conflict. This triggered a sharp surge in global crude oil prices, with Brent crude jumping 7.73 per cent to USD 102.6 per barrel.

Among Sensex constituents, major laggards included Maruti Suzuki, InterGlobe Aviation, Bajaj Finance, Reliance Industries, Tata Consultancy Services and HDFC Bank. On the other hand, ICICI Bank, NTPC and Axis Bank were among the gainers.

Asian markets such as Japan’s Nikkei 225, South Korea’s Kospi and Hong Kong’s Hang Seng ended lower, while China’s Shanghai Composite index closed marginally higher. European markets were also trading in negative territory.