Aditya Birla Real Estate's township in North Bengaluru clocks bookings worth Rs 650 crore

by Hansraj Agrawal | Apr 14, 2026 | Share Market

Aditya Birla Real Estate said that Birla Estates has recorded a strong response to Phase-4 of Birla Trimaya, generating bookings of approximately Rs 650 crore.

This represents over 85% of the total booking value of the launched inventory for the phase, with around 460 units sold, reflecting sustained homebuyer interest in the development.

With this, the cumulative booking value across all launched phases of Birla Trimaya stands at approximately Rs 2,459 crore.

Birla Trimaya is a premium township offering, featuring 1 to 4 BHK residences. The township is spread across a 52-acre development in Devanahalli, North Bengaluru.

Devanahalli continues to emerge as one of Bengaluru’s fastest-growing residential corridors, driven by its proximity to Kempegowda International Airport. Strong connectivity via NH-44, Hebbal, and the Outer Ring Road, along with ongoing infrastructure upgrades and expansion of IT and employment hubs in North Bengaluru, is steadily driving residential demand beyond the city’s traditional core.

The company further said that Birla Trimaya has consistently witnessed strong buyer traction across its previous launches. The Phase-I was completely sold out within 36 hours, clocking bookings of approximately Rs 500 crore. Phase-II achieved nearly Rs 600 crore in bookings within 24 hours, while Phase III recorded around Rs 500 crore in bookings within the first 24 hours of launch.

KT Jithendran, MD & CEO Birla Estates said: “The robust response to Birla Trimaya Phase-4 reflects the increasing maturity of homebuyer demand in North Bengaluru, with buyers prioritising well-planned developments that offer both quality of life and long-term value.”

Aditya Birla Real Estate (formerly known as Century Textiles and Industries) was established in 1897. It has a presence in the cotton textiles, pulp & paper, and real estate sectors.

The company reported a consolidated net loss of Rs 72.85 crore in Q3 FY26, compared with a net loss of Rs 40.59 crore in Q3 FY25. Total income declined 56.70% year-on-year (YoY) to Rs 90.33 crore for the quarter ended 31 December 2025.

The scrip had gained 0.33% to end at Rs 1364.75 on the BSE on Monday.

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Hindustan Zinc emerges as top bidder for Rajasthan mineral block

by Hansraj Agrawal | Apr 14, 2026 | Share Market

Last Updated : Apr 14 2026 | 5:04 PM IST

Hindustan Zinc said that it has been declared as successful bidder for the Jhandawali – Satipura Amalgamated Potash and Halite Block in Rajasthan following participation in the e-auction conducted by the Ministry of Mines, Government of India.

The tender was part of Tranche V of auctions for critical and strategic mineral blocks, where composite licenses were offered through an online bidding process.

The company secured the block with the highest final price offer of 3.05%, as per a notification dated 12 April 2026. The Jhandawali Satipura Amalgamated Potash and Halite Block is at G3 level of exploration with total area of 1841.22 hectares for the block.

Hindustan Zinc, part of the Vedanta Group, is the worlds largest integrated zinc producer and among the top five silver producers globally. The company exports to more than 40 countries and holds around 77% share of Indias primary zinc market.

The companys consolidated net profit jumped 46.23% to Rs 3916 crore while net sales rose 27.81% to Rs 10627 crore in Q3 December 2025 over Q3 December 2024.

The counter shed 0.27% end at Rs 562.60 on Monday, 13 April 2026. The stock market is closed today on account of Dr Babasaheb Ambedkar Jayanti.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 14 2026 | 1:04 PM IST

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LIC's board OKs 1:1 bonus issue

by Hansraj Agrawal | Apr 14, 2026 | Share Market

Life Insurance Corporation of India (LIC) announced that its board has approved the issuance of bonus equity shares in the ratio of 1:1 to the existing shareholders.

Under the approved proposal, shareholders will get one fully paid-up equity share of Rs 10 each for every one fully paid-up equity share of Rs 10 each held as on the record date.

The companys existing authorised equity share capital stands at Rs 25,000 crore while its paid up equity share capital is Rs. 6,324.99 crore. Post proposed bonus issuance of 1:1, the paid up equity share capital shall increase to Rs 12,649.99 crore. The reserves & surplus (In India) stood at Rs 1,46,440.58 crore as at 31st December 2025 and the company posted a profit after tax of Rs 33,998 crore for the nine-month period ended 31 December 2025.

R Doraiswamy, CEO & MD, LIC said, Since listing in May 2022, LIC has been paying dividends consistently and also increasing the dividend per share over a period of time from Rs 1.50 per share to Rs 12 per share. We have been continuously evaluating various mechanisms for rewarding our shareholders and we believe this proposed bonus issue is a significant step taken by us in that direction. We are thankful to our shareholders for their support, patience and belief in our strategy and execution. We are confident that our entire transformation initiatives are leading to tangible results and will continue to yield better outcomes for all.

LIC is engaged in the business of Life Insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC.

On a consolidated basis, net profit rose 17.46% YoY to Rs 12,930.44 crore in Q3 FY26, while total income increased 15.74% YoY to Rs 2,36,776.30 crore compared with Q3 FY25.

The counter rose 0.71% to settle at Rs 804.25 on Monday, 13 April 2026. The stock market is closed today on account of Dr Babasaheb Ambedkar Jayanti.

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Lemon Tree Hotels reports record expansion in FY26 with 56 signings, 20 openings

by Hansraj Agrawal | Apr 14, 2026 | Share Market

Lemon Tree Hotels reported a record year of portfolio expansion in FY 2025-26, driven by 56 new signings and the opening of 20 hotels, reinforcing its transition toward a disciplined, asset-light growth model.

As of 31 March 2026, the companys total portfolio stood at 269 hotels, comprising 131 operational properties and a pipeline of 138 hotels.

The companys operational portfolio has now surpassed 130 hotels with over 11,000 keys across more than 80 destinations. This growth reflects its capital-efficient strategy aimed at rapid scale while maintaining operational consistency and strong partner alignment.

Expansion during the year was led by a focus on high-growth urban markets, tier II and III cities, and emerging leisure destinations, in line with evolving travel demand across India. The company strengthened its presence in pilgrimage destinations such as Tirupati, Ayodhya, and Somnath; leisure markets including Malshej Ghat, Khurpatal, and Barog; and industrial hubs like Bhilai, Rudrapur, and Mhow. This diversified footprint positions the company to capture demand across religious, leisure, and business travel segments.

The development pipeline remained well-diversified across its brand portfolio. The core Lemon Tree Hotels brand led with 27 signings, followed by 9 signings under Lemon Tree Premier. The Keys portfolio added 18 signings, reflecting continued traction in value-driven segments, while selective additions under Aurika Hotels & Resorts and Lemon Tree Resort marked a calibrated push into upscale and leisure markets.

On the operational front, the company opened 20 hotels during the year. The Lemon Tree Hotels brand accounted for 12 openings, while Lemon Tree Premier and Keys Lite added 3 each, and Keys Select contributed 2 openings.

Neelendra Singh, managing director of Lemon Tree Hotels, said, Lemon Tree Hotels was founded to bridge a critical gap in Indias midscale hospitality sector by delivering reliable, branded experiences. As the market reaches a new level of maturity, our next phase of growth is focused on scaling that core proposition across a much wider geographic network. We are moving beyond the traditional six-city model because the Indian traveler is now everywhere, and our network is expanding to meet them where they are, while maintaining the discipline and consistency that define our brand.

Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

The company reported a marginal rise in consolidated net profit to Rs 62.67 crore in Q3 FY26, compared with Rs 62.49 crore in Q3 FY25. Revenue from operations jumped 14.3% year-on-year to Rs 406.05 crore in the quarter ended 31 December 2025.

The counter slipped 1.84% to end at Rs 112.30 on the BSE.

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DCX Systems bags orders worth Rs 32-cr

by Hansraj Agrawal | Apr 14, 2026 | Share Market

Last Updated : Apr 14 2026 | 11:50 AM IST

DCX Systems has announced that it has secured orders worth Rs 31.64 crore for the manufacture and supply of cable and wire harness assemblies as well as printed circuit board assemblies (PCBAs).

The company received a purchase order worth approximately Rs 17.45 crore in the normal course of business for the manufacture and supply of cable and wire harness assemblies.

In addition, its wholly owned subsidiary, Raneal Advanced Systems, has secured a separate purchase order valued at around Rs 14.19 crore for the manufacture and supply of printed circuit board assemblies.

DCX Systems is one of the leading Indian defense manufacturing players, offering a full service and manufacturing electronic systems and cable harnesses for both international and domestic reputed customers.

The company reported a consolidated net loss of Rs 2.43 crore in Q3 FY26 as against a net profit of Rs 10.01 crore in Q3 FY25. Revenue from operations declined 39.5% year-on-year to Rs 121.06 crore in Q3 FY26.

The counter rose 0.57% to end at Rs 175.30 on the BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 14 2026 | 11:50 AM IST

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Strait of Hormuz blockade impact: 2.3mbpd oil supply at risk, says Nomura

by Hansraj Agrawal | Apr 14, 2026 | Share Market

A complete blockade of the Strait of Hormuz (SoH) by the United States could disrupt oil supply materially, with analysts at Nomura pegging the incremental shortfall at around 2.3 million barrels per day (mbpd) in March 2026. Compared to March 2025, the shortfall is seen at 9.3mbpd, a sharp drop of 57 per cent year-on-year (y-o-y).

Saudi Arabia, United Arab Emirates (UAE), Iraq, Iran, Kuwait and Qatar saw oil flows totaling 16.3mbpd in March 2025, as per their estimates.

“We estimate around 2.3mbpd loss of incremental oil supplies versus March 2026, and nearly 9.3mbpd loss versus March 2025 in the event the US were to completely block the SoH. A complete blockade of the SoH may also impact LPG supplies for India, as over the past month India managed to have several LPG tankers (at least eight) safely crossed through the strait,” wrote Bineet Banka, an analyst tracking the sector at Nomura in a recent note.

Meanwhile, the US and Iran are reported to be considering another round of talks after negotiations in Pakistan’s Islamabad led by US Vice President JD Vance reached a stalemate over the weekend. Crude oil prices, as a result, hit $107 a barrel (bbl) on Monday, before cooling off to below $100/bbl on Tuesday on renewed hopes of talks between the two nations.

In the last one week, Brent crude oil prices have surged 6.5 per cent to nearly $98/bbl now. As the latest peace talks between the US and Iran have failed to yield any result, Nomura sees an increased likelihood of higher war risk premium on oil prices. With President Trump now threatening to completely block the SoH for all inbound and outbound ships, Nomura expects the oil supply situation to deteriorate further.

“As the conflict lingers on, the effectiveness of balancing lost supplies via SPR (Strategic Petroleum Reserves) may gradually become ineffective, and that may be reflected in higher oil prices,” Nomura said.

The rise in oil prices in the last few weeks, Nomura said, has more than compensated for the fall in export volumes of Saudi Arabia, with its oil revenues rising 4 per cent year-on-year (y-o-y) in March. Saudi Arabia, reports suggest, has achieved full oil flow capacity of 7mbpd on its East-West pipeline that bypasses the SoH and opens on the Red Sea.

“Assuming that 2mbpd is used by its refineries in the western coast, we might still expect higher export volumes from Saudi Arabia going forward (~5mbpd) compared to what it did in March 2026 (~4.4mbpd). The UAE also did relatively well as compared with other gulf countries, with a minor ~3 per cent y-o-y drop in oil revenues,” Nomura said.

Revenue hit

Iran, according to Banka’s estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion.

However, that might change with the US potentially enforcing a complete blockade of the SoH, Nomura cautions. The biggest revenue hit in March 2026 has been on Iraq that saw its oil revenues tank 77 per cent y-o-y to $1.7 billion versus $7.3 billion in March 2025, Nomura estimates.

“Iran (as per reports) has accumulated ~140mn barrels of floating storage buffer that might provide some buffer against a US blockade, if it should materialize,” the Nomura note said.

A sustained disruption in SoH, analysts warn, would remove a volume of supply that cannot be quickly replaced, forcing an aggressive repricing across commodities, currencies, equities, and fixed income markets.

“Take that flow out of the system and Brent doesn’t move five or ten dollars, it moves structurally higher. A spike toward $120 or beyond becomes realistic very quickly, and that resets inflation expectations globally. Energy equities stand to be immediate beneficiaries. Integrated oil majors, US shale producers, and West Asian exporters would see margin expansion and stronger cash generation. At the same time, energy-import-dependent sectors face a direct hit,” cautions Nigel Green, chief executive officer (CEO) of deVere Group, a global consulting firm that has $14 billion assets under management (AUM).

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