Stocks in Mumbai traded lower and extended weekly losses amid rising tensions in the Middle East. Crude oil jumped 4% after three explosions rocked a city in western Iran.

Adani Family increased its stake in Ambuja Cements to 70.3%. Tata Communications said profit in the March quarter slightly declined. Angel One reported a surge in profit and earnings in the March quarter.

Ambuja Cements acquired a cement griding and processing unit in Tamil Nadu. Brigade Enterprises plans to develop an office complex in Chennai. Vodafone Idea plans to roll out its 5G network in two years.

Senco Gold reported a surge in revenue in the March quarter, and the company held out for strong performance in the current quarter. TCS reported better-than-expected March quarter results.

TCS edged higher ahead of its quarterly results later in the day. Vodafone Idea scheduled its secondary offering for next week. Maharashtra Seamless won an order from ONGC.

Bajaj Finance, Aavas Financiers, IndusInd Bank, Equitas Small Finance Bank, and Bandhan Bank joined other banks in reporting significant increases in new loans and deposit base in the March quarter.

Avenue Supermarts said March quarter revenue rose 20%. KEC International said its construction, mining, and cable units received new orders. Union Bank of India raised $500 million to finance its international expansion.



Nalco reported record bauxite excavation and aluminium metal production and sale in the fiscal year 2024. Olectra Greentech extended its bus manufacturing contract with China-based BYD Auto. HCL Tech sold its stake in a joint venture with the U.S.-based State Street.

Aditya Birla Fashion plans to separate its Madura fashion division, which consists of foreign apparel brands. Anant Raj said the pre-sale of residential units at its projects in Gurugram, Haryana, Hero Motocorp's vehicle sales in March declined. 

Prestige Estates struck an investment partnership to develop residential properties with ADIA and Kotak Mahindra. NHPC won loans from a Japan-controlled investment arm. Chennai Petroleum's board raised the investment limit for a petroleum refinery project in Tamil Nadu.

The NHPC board approved the sale of medium-term debt securities to raise capital. The REC board increased the company's borrowing plans. GOCL plans to develop a large tract of land in Hyderabad. 

RDY
Adani Ports acquired a port in Odisha and expanded its network of ports in India. Angle One launched its institutional offering. Spicejet finalized its settlement to acquire Bombardier planes from a Canada-based leasing company.

Ambuja Cements lowered its stake in Sanghi Industries. HAL won an order from the Guyana Defence Force. SEBI issued a warning letter to ICICI Securities for its business and record keeping practices. 

Wockhardt launched its institutional offering. TVS Motor announced preferential bonus shares. NTPC said it plans to raise capital through the sale of two-year unsecured bonds.



SBI Cards declared an interim dividend. The Ministry of Finance increased its stake in IFCI. Aurobindo Pharma received approval to sell its skin treatment formulation in the U.S.