News Overview

India and South Korea have unveiled a major plan to deepen economic ties, targeting $50 billion in bilateral trade by 2030 and expanding cooperation across key sectors including energy, semiconductors, and steel.

Indian equity markets closed marginally higher on April 20, 2026, despite volatility and weak breadth. Trent Ltd stood out with strong gains ahead of its board meeting, fueled by bonus issue expectations and corporate action buzz.

Jio Financial Services reported mixed Q4 FY26 and full-year results, with net profit declining due to higher operating expenses and treasury volatility. Despite the earnings dip, total income nearly doubled year-on-year, driven by strong business expansion and growing adoption of digital financial services. Jio Payments Bank delivered standout performance with sharp growth in income, deposits, and customer base. The company highlighted FY26 as a strategic inflection point, focusing on scaling operations, AI-driven financial services, and ecosystem expansion. However, markets reacted negatively, with the stock slipping over 2% following the earnings announcement.

Groww delivered strong FY2025/Q4 FY2026 performance with robust revenue and profit growth, expanding EBITDA margins, and steady user acquisition. However, customer assets declined amid market pressures, even as mutual fund market share improved.

The sharp decline in Indian Energy Exchange stock reflects a deeper structural shift triggered by proposed market coupling norms from the Central Electricity Regulatory Commission. With centralized price discovery set to replace exchange-led pricing, IEX’s long-standing dominance, revenue visibility, and valuation premium face increasing uncertainty amid rising competition.

India slipping to the 6th largest economy may seem concerning, but the shift is largely due to currency depreciation rather than weakening fundamentals. Here’s what it really means for investors, citizens, and India’s long-term growth story.

Reliance Industries is reportedly set to file IPO papers for Jio Platforms Ltd in May after a delay from March, as it seeks to include full-year financial results and improve investor appeal amid global market uncertainty. The planned listing is backed by a 19-bank syndicate and could become India’s largest IPO.

Indian equity markets ended in positive territory on 17 April 2026, supported by strong gains in FMCG, banking, and select mid-cap stocks. Nifty 50, Sensex, and Bank Nifty all closed higher, while Wipro, HDFC Life, and Sun Pharma saw declines amid sectoral rotatio

Wipro reported a stable Q4 FY26 performance with 8% YoY revenue growth and strong large deal momentum of $1.44 billion. While profits were broadly flat year-on-year, the company highlighted an AI-first strategy, vendor consolidation trends, and steady margin performance amid a cautious IT spending environment.

Apollo Micro Systems Ltd receives lifetime defence manufacturing license for missiles, torpedoes, loitering munitions. Full details on categories, capacity, ecosystem, and 16% stock surge on NSE.