Bharat Electronics

The company has signed a contract with the Ministry of Defence valued at Rs 2,210 crore for the supply of an electronic warfare (EW) suite for Mi-17 V5 helicopters of the Indian Air Force. With this, BEL has now accumulated orders totalling Rs 2,803 crore in the current financial year.

Mahindra and Mahindra

The company has incorporated a wholly owned subsidiary named Mahindra Advanced Technologies in Mumbai, Maharashtra.

KPI Green Energy

The company has terminated the order from Sai Bandhan Infinium for the 66.20 MW hybrid power project under the captive power producer (CPP) segment due to changes in project technical requirements post-receipt of the order. This termination will not have any material financial impact on the company.

IL&FS Engineering and Construction Company

The company has defaulted on the payment of a Rs 2,628.15 crore loan from banks/financial institutions as of March 2025. Its total financial indebtedness, including short-term and long-term debt, amounts to Rs 3,097.71 crore.

Lemon Tree Hotels

The company has signed a license agreement for a new hotel property (Keys Prima by Lemon Tree Hotels) in Darjeeling, West Bengal. The property will be managed by its subsidiary, Carnation Hotels, and is expected to open in FY26.

Titagarh Rail Systems

The Board has approved the re-appointment of Umesh Chowdhary as Vice Chairman, Managing Director, and CEO of the company for five years, effective October 1, 2025. Furthermore, the Board approved the appointment of Vijay Subramanian as Chief Transformation Officer of the company, effective April 7.

Brigade Enterprises

The company has signed a Joint Development Agreement for a residential project spread across 10 acres and 37 guntas, with a total development potential of around 0.37 million square feet. The gross development value (GDV) of the project is around Rs 225 crore.

BULK DEALS

Cyient

HDFC MF acquired an additional 6.23 lakh shares in the IT company at an average price of Rs 1,099 per share, amounting to Rs 68.56 crore. However, NWBP, as the depository participant (DP) of First State Indian Subcontinent Fund A Sub Fund of FS INVTS ICVS, sold 6.79 lakh shares at an average price of Rs 1,099.72 per share, valued at Rs 74.74 crore.

Genesys International Corporation

Florida Retirement System sold 2.25 lakh shares in the company at an average price of Rs 547.13 per share.

QUARTERLY & YEARLY EARNING (PROVISIONAL UPDATE)

Titan Company (YOY)

Standalone business recorded a 25% growth

Jewellery business (domestic operations) increases 24% on back of significant increase in gold prices

Watches & wearables segment (domestic operations) registers 20% growth

EyeCare division (domestic operations) clocks 18% growth

In emerging businesses, fragrances grows 26%, fashion accessories clocks 12% growth, Taneira's sales down 4%

CaratLane reports 22% increase driven by healthy growth in studded portfolio

Consolidated retail network grows 72 stores (net) to reach 3,312 stores

Auto Sales

Mahindra and Mahindra (March YoY)

Total production grows 23.5% to 88,701 units Vs 71,814 units

Sales increase 19.3% to 79,751 units Vs 66,840 units

Exports surge 163.4% to 4,143 units Vs 1,573 units

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