Corporate, Economic & Global Updates 22nd April 2026 by GEPL Capital Ltd
Stocks in News
* BEML: The company has secured a Rs 590 crore contract from the Ministry of Defence for the supply of Trawl Assemblies.
* AUROBINDO PHARMA: The board has approved an Rs 800 crore share buyback, planning to repurchase 54.2 lakh shares at Rs 1,475 per share, representing a 6% premium to today's closing price.
* KNR CONSTRUCTIONS: The company has successfully secured Rs 130 crore in a settlement agreement with the National Highways Authority of India (NHAI).
* L&T FINANCE: The company has allotted Non-Convertible Debentures (NCDs) worth Rs 500 crore on a private placement basis.
* ETHOS: The luxury watch retailer has inaugurated a new Ethos Watch Boutique in Faridabad to further expand its retail footprint.
* RPSG VENTURES: The company has incorporated a new FMCG subsidiary, RPSG Brands Mena Pvt, to target the Middle East and North Africa (MENA) region.
* PNC INFRATECH: The company has emerged as the L1 Bidder for construction orders worth a massive Rs 3,483 crore from the NHAI.
* AEROFLEX ENTERPRISES: The company has acquired an additional 4% stake in MR Org for Rs 5.6 crore, thereby increasing its total shareholding to 68%.
* AMBER ENTERPRISES: The company has successfully completed the rights issue allotment in IL JIN, investing Rs 296 crore in the process.
* INDIAN HOETL: The company has successfully completed the acquisition of Brij Hospital for a total consideration of Rs 222 crore, officially making the entity a subsidiary of the company.
* CITY UNION BANK: The bank has expanded its network by opening two new branches in Rajasthan and Gujarat, taking its total branch count to 973.
Economic News
* FY27 capex growth of states pegged at 8–10%: report: Amazon has signed a $30 million (around ?280 crore) agreement with the Good Rice Alliance, backed by Bayer, Temasek’s GenZero, and Shell, to purchase carbon credits generated by Indian rice farmers, marking one of the largest agricultural carbon credit deals globally and the first of its scale in India. The initiative will cover over 685,000 metric tonnes of carbon dioxide equivalent emissions and support more than 13,000 smallholder farmers across 35,000 hectares in adopting sustainable rice cultivation methods such as alternate wetting and drying to reduce methane emissions.
Global News
* Japan exports rise on AI demand; Middle East risks emerge: Japan’s exports rose for the seventh consecutive month in March, growing 11.7% YoY above expectations driven by strong AI-related demand from data centres, partially offsetting disruptions from the Middle East conflict. Imports also surged 10.9%, led by energy concerns, resulting in a lower-than-expected trade surplus of ¥667 billion. While exports to the U.S. and China remained strong, shipments to the Middle East plunged sharply, highlighting emerging geopolitical strain. Despite a modest economic recovery supported by exports and investment, rising oil prices and supply disruptions pose risks to growth, increasing input costs and potentially slowing production and capital spending, while the Bank of Japan is expected to hold rates steady amid inflationary pressures from a weak yen and elevated energy costs.
Government Security Market
* The Inter-bank call money rate traded in the range of 4.20%- 5.20% on Tuesday ended at 4.85%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.8894% on Tuesday Vs 6.9050% on Monday .
Global Debt Market:
US Treasury yields were largely unmoved early Tuesday as investors await clarity over an expected second round of peace talks due to take place between the U.S. and Iran. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing was flat at 4.254%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 1 basis point higher at 3.735%. The longer-dated 30-year Treasury bond yield was down less than a basis point at 4.878%. Monday saw a spate of mixed messages from both administrations, as Iran held off committing to further negotiations amid threats of overwhelming military force from President Trump. “Trump, by imposing a siege and violating the ceasefire, seeks to turn this negotiating table— in his own imagination— into a table of surrender or to justify renewed warmongering,” Iran’s parliament speaker Mohammad Bagher Ghalibaf said in a X post. “We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield,” Ghalibaf, who is also Iran’s chief negotiator, added. That followed Trump’s pronouncement that “lots of bombs [will] start going off” if no deal is reached before the shaky ceasefire expires. Investors also face uncertainty over the exact expiration date of the ceasefire. The two-week deal agreed between the U.S. and Iran was set to expire at 12:00 a.m. GMT (Tuesday, 08:00 p.m. ET), although U.S. President Donald Trump told Bloomberg on Monday that the truce would end “Wednesday evening Washington time
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.87% to 6.8925% level on Wednesday
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