Quick Wrap: Nifty Metal Index registers a drop of 4.82%, NIFTY Crashes 2.06%
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Mar 13 2026 | 5:16 PM IST
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Mar 13 2026 | 5:16 PM IST
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Mar 13 2026 | 4:50 PM IST
Oil prices surged amid disruptions linked to the Middle East conflict after Irans new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while escalating attacks on regional oil and transport infrastructure.
Meanwhile, Bank of Japan Governor Kazuo Ueda warned that the weak yen could increase imported inflation as energy prices rise, potentially forcing the central bank to speed up policy normalization.
Technology and automobile stocks led the decline. Major losers included Advantest (-3.5%), SoftBank Group (-4.5%), Tokyo Electron (-3.6%), Toyota Motor (-2.8%), and Honda Motor (-5.6%).
For the week, the Nikkei dropped 3.24% while the Topix declined 2.36%, marking their second consecutive weekly loss.
Powered by Capital Market – Live News
Heritage Foods announced the inauguration of a new greenfield ice cream manufacturing facility at Shamirpet near Hyderabad, Telangana, aimed at strengthening its value-added dairy portfolio.
The facility is equipped with automated production systems and advanced quality control infrastructure to ensure consistent product quality and operational efficiency.
The plant has an installed production capacity of around 24 million litres per annum, with provisions to scale up capacity in line with future demand.
Heritage Foods said its ice cream business currently generates annual revenues of about Rs 100 crore. The new Shamirpet facility is expected to enhance the companys ability to scale operations up to five times over the next seven to eight years.
The company added that the facility will support expansion of its value-added dairy portfolio, strengthen manufacturing capabilities, and improve distribution reach across South and Western India, amid rising demand for premium ice cream and packaged dairy products.
N Bhuvaneswari, Vice-Chairperson & Managing Director from Heritage Foods, said: “The commissioning of our Shamirpet ice cream manufacturing facility marks an important milestone in Heritage Foods growth journey. As consumer demand for high-quality ice creams continues to expand, this facility will enable us to scale our operations, introduce innovative products, and strengthen our presence in key markets while maintaining the quality and trust associated with the Heritage brand.”
Heritage Foods is one of Indias leading dairy companies. With operations spanning 14 states, the company offers a wide range of milk, curd, butter, paneer, and other value- added dairy products.
The company reported 20% drop in consolidated net profit to Rs 346 crore in Q3 FY26 from Rs 431 crore in Q3 FY25. Revenue from operations increased to Rs 11,192 crore during the period under review, up 8% YoY.
Shares of Heritage Foods slipped 4.20% to Rs 307.75 on the BSE.
Powered by Capital Market – Live News
Bondada Engineering announced that it has received an order worth Rs 35.39 crore from Pratap Technocrats for the supply of 40-metre towers.
The scope of work includes supply of 40M towers along with hardware, foundation bolts and foundation templates, the company said in a regulatory filing.
The order has been awarded by a domestic entity and is scheduled to be executed by October 2026.
Bondada Engineering added that the promoter or promoter group does not have any interest in the entity awarding the contract and the order does not fall under related-party transactions.
Bondada Engineering provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.
The compnays consolidated net profit zoomed 119.12% to Rs 54.19 crore in Q3 FY26 as against Rs 24.73 crore in Q3 FY25. Revenue from operations jumped 89.40% year on year (YoY) to Rs 712.27 crore in Q3 FY26.
Shares of Bondada Engineering fell 1.06% to Rs 280.15 on the BSE.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Mar 13 2026 | 2:31 PM IST
On private placement basis
Canara HSBC Life Insurance Company has allotted 25,000 unsecured, subordinated, listed, rated, redeemable, non cumulative, fully paid-up, non-convertible debentures in the nature of ‘Subordinated Debt’,
each having a face value of Rs 1,00,000 (Debentures), for a nominal value of Rs 250 crore for cash, on private placement basis.
Powered by Capital Market – Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Mar 13 2026 | 1:31 PM IST