Corporate, Economic & Global Updates 21st April 2026 by GEPL Capital Ltd
Stocks in News
* ASSOCIATED ALCHOL & BEWERIES: The company has finalized plans to acquire SDF Industries for a total consideration of Rs 30.85 crore.
* VEDANTA: The company has set May 1 as the record date to finalize its demerger into four separate units (Aluminium, Power, Oil, Iron), with shareholders receiving one share of each new entity (VAML, TSPL, MEL, VISL) for every share they hold.
* JSW STEEL: The company has executed a Joint Venture (JV) with POSCO to establish a 6 MTPA steel plant in Odisha, with Saffron Resources serving as the 50:50 JV entity.
* OIL INDIA: The company's subsidiary, Oil Green Energy, has entered into a Memorandum of Understanding (MoU) with Numaligarh Refinery for the procurement and supply of renewable energy.
* INTERARCH BUILDING: The company has successfully secured an Rs 80 crore order for the supply of its Pre-Engineered Steel Building System.
* RAVINDRA ENERGY: An associate entity of the company has signed a Memorandum of Understanding (MoU) with Drivn to deploy 1,000 electric trucks.
* HIND COPPER: Under its 'Vision 2030' plan, the company has outlined a major capital expenditure of Rs 7,189 crore intended for mine expansion.
* CARYSIL: The company will invest Rs 50 crore to expand its quartz sink manufacturing capacity to 1.25 million units per annum to meet growing retail demand in the US market.
* PDS: The company's arm has filed an FIR regarding alleged employee misconduct connected to irregularities worth Rs 20 crore at Poeticgem.
* STEEL EXCHANGE: The company has raised Rs 75 crore by allotting 31.74 crore equity warrants that are convertible into shares.
Economic News
* FY27 capex growth of states pegged at 8–10%: report: State capital spending growth is set to slow in FY27. This moderation follows a strong FY26. Rising revenue expenses and slower revenue growth are key factors. Geopolitical issues in West Asia could further impact state finances. Fiscal discipline will be crucial for states balancing welfare and investment needs. Top states continue to prioritize infrastructure development.
Global News
* Canada inflation rises to 2.4% on oil-led spike, but core remains stable keeping Bank of Canada policy outlook unchanged: Canada’s inflation edged up to 2.4% YoY in March, with a sharp 0.9% MoM rise (highest in 14 months), primarily driven by a spike in crude oil prices following supply disruptions due to the Iran conflict, which significantly lifted gasoline prices (up 21.2% MoM, 5.9% YoY) and transportation costs (+3.7% YoY). Food inflation also remained firm, rising 4.4% YoY, led by a 7.8% jump in fresh vegetable prices. Despite this, inflation came in below expectations (2.6%), and core inflation remained stable with CPI-median at 2.3% and CPI-trim easing to 2.2%, indicating limited underlying pressure. The Bank of Canada views the spike as temporary and is not concerned about inflation expectations, while economists highlight that economic slack should prevent sustained core inflation acceleration. Financial markets reflect this outlook, with no rate change expected in the near term and only a 25 bps hike priced in by December, alongside a stable currency and slightly softer bond yields.
Government Security Market
* The Inter-bank call money rate traded in the range of 4.20%- 5.15% on Monday ended at 5.11%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.9050% on Monday Vs 6.9049% on Friday .
Global Debt Market:
U.S. Treasury yields edged higher on Monday after a dramatic weekend that saw the Strait of Hormuz reopened and subsequently closed by Iran, with the twoweek ceasefire set to expire on Tuesday. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose over two basis points to 4.267%.The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 3 basis points higher at 3.73%. The longer-dated 30-year Treasury bond yield was seen trading broadly flat.On Friday, Iran declared the Strait of Hormuz fully open to commercial traffic, sending crude prices tumbling more than 10%. By Saturday, hopes for a fully opened artery quickly unraveled as Tehran reclaimed control of the chokepoint, after Trump refused to end the U.S. naval blockade of Iranian ports.After a tumultuous weekend, U.S. President Donald Trump said American and Iranian negotiators would resume talks in Islamabad, Pakistan on Monday. But Iranian foreign ministry spokesperson Esmaeil Baqaei said there was “no plan for a second round of negotiations with the U.S. for now,” per Reuters.“It appears last week’s market enthusiasm over the Strait of Hormuz reopening may have been premature,” said AJ Bell investment director Russ Mould. “Events over the weekend have left the ceasefire between Tehran and Washington looking as fragile as ever.”Later this week, investors will be monitoring weekly crude oil inventories, as well as jobless claims data.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.88% to 6.9050% level on Tuesday.
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer
