Corporate, Economic & Global Updates 13th April 2026 by GEPL Capital Ltd
Stocks in News
* SUN PHARMA: The company stated that reports of an Organon acquisition are speculative and that there is no material information to disclose.
* SWIGGY: Co-founder Nandan Reddy has stepped down to pursue personal ventures, while Chief Growth Officer Phani Kishan and Group CFO Rahul Bothra have been appointed to the board as Executive Directors.
* APOLLO HOSPITALS: The company acquired an additional 7.8 lakh shares of Apollo Health and Lifestyle for Rs 18.7 crore, increasing its stake to 100%.
* GUJARAT STATE PETRONET: The company received a revised income-tax order, reducing its assessed income from Rs 1,683 crore to Rs 1,435 crore.
* PC JEWELLER: The company raised Rs 447.6 crore through the conversion of 10.6 crore warrants into equity, allotting 106.2 crore shares and increasing its paid-up capital to Rs 971.05 crore.
* GENUS POWER: The company said GP Infra has allotted 5.1 crore shares to its shareholders under the demerger scheme, and Genus Prime Infra will seek to list these shares on the BSE.
* BLUE DART EXPRESS: The company identified and contained a lowseverity cybersecurity incident linked to its parent group, notified CERT-In, and confirmed that no customer or business data was affected.
* ITDC: The company stated that its hotels have been under a disinvestment and PPP plan since 2016 and that it has received no government directives regarding NMP 2.0.
Economic News
* Indian Railways Accelerates Expansion with Rs 1.53 Lakh Crore Push in FY26: Indian Railways has sanctioned 100 projects worth Rs 1.53 lakh crore in FY26, up over 110% YoY, covering 6,000+ km and marking a 56% rise in approvals, as it accelerates network expansion under the PM Gati Shakti plan. The projects span new lines, doubling, multitracking and decongestion works across key states like Maharashtra, Bihar, Jharkhand and MP, aimed at boosting freight efficiency, improving passenger movement, and enhancing last-mile connectivity, especially in underserved regions. Aligned with Mission 3000 MT, the push focuses on energy, high-density and port connectivity corridors, strengthening logistics, industrial linkages and overall economic integration.
Global News
* Trump Signals Strait of Hormuz Blockade Amid Escalating Iran Tensions : US President Donald Trump announced that the US Navy will soon initiate a blockade of vessels entering and exiting the Strait of Hormuz, following the breakdown of nuclear talks with Iran. He said ships allegedly paying “illegal tolls” to Iran would be intercepted in international waters, while also warning of military action, including the destruction of suspected Iranian mines in the region. Trump described Iran’s actions as “world extortion” and asserted that the US, potentially alongside allied nations, would act to ensure free navigation through the critical oil transit chokepoint. The development marks a sharp escalation in geopolitical tensions, raising concerns over global energy supply and maritime security.
Government Security Market
* The Inter-bank call money rate traded in the range of 4.20%- 5.10% on Friday ended at 4.75%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.9119% on Friday Vs 6.9601% on Thursday .
Global Debt Market:
Yields on U.S. Treasury were largely flat heading into the final trading day of the week, with a key CPI print due later on Friday expected to show a jump in headline inflation. The yield on the 10-year U.S. Treasury note the benchmark for government borrowing was little changed at 4.2972% The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate decisions, added almost 1 basis point to reach 3.7932%. The longer-dated 30-year Treasury note yield held steady at 4.8968%. The geopolitical shock created by the U.S.-Iran war has upended investor expectations for the Fed’s interest rate trajectory. Inflation remained above the Fed’s 2% target even before the war started. The Middle East conflict has complicated the Fed’s rate-setting approach, as the central bank weighs the lasting price impact of the energy shock. The U.S. consumer price index, which was up 0.3% in February, is expected to come in at 0.9% when the latest monthly print is released later, with the oil rise partly pushing the increase. Similarly, headline annual inflation, which stood at 2.4% year-over-year in February, is forecast to jump to 3.3% for March, according to consensus estimates. The increase, driven by sharply higher energy costs as well as the pass-through of tariffs to consumers, would mark the highest level since May 2024.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.88% to 6.93% level on Monday
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