Corporate, Economic & Global Updates 28th April 2026 by GEPL Capital Ltd
Stocks in News
* BALAJI AMINES: The company said ammonia availability has started improving, resumed production of ammonia?based products, and is in talks with alternate raw material suppliers amid ongoing global supply-chain disruptions.
* INDIAN OIL: The company reports hydrocarbon discovery in Libya block Fresh oil, gas found at overseas Libya asset, IOC holds 25% stake in Libya hydrocarbon find NOC Libya recognises new oil, gas discovery
* SURYA ROSHNI: The company has received orders worth Rs 68.1 crore and Rs 17.9 crore for the supply of ERW steel and ERW carbon steel pipes.
* JINDAL SAW: The company has approved disposal of its Cyprus arm Raleal Holdings and also approved setting up an LSAW pipe plant in Saudi Arabia through a JV with Buhur Altavision.
* WINDLAS BIOTECH: The company has announced a share buyback of up to Rs 47 crore, with the buyback window opening on April 30 and closing on May 7.
* ANANT RAJ: The board has approved incorporation of a Singapore-based subsidiary & Co to buy 25% stake in Arm Romano Projects for Rs.3.6 crore
* ORIENT GREEN POWER: The company completes commissioning of 9.9 MW wind projects in Tamil Nadu, with all three 3.3-MW wind turbine generators now operational.
* AEROFLEX ENTERPRISES: The company's arm acquires the remaining 49% stake in ABP Impex in Portugal.
* KALPATARU PROJECTS: The company will acquire the balance 35% stake in its arm, Kalpataru Projects Arabia Company, for SAR 10 million, after receiving regulatory approvals in Saudi Arabia
* CITY UNION BANK: The company opens 13 new branches across New Delhi, Tamil Nadu, Karnataka, Maharashtra, and Telangana, taking the total branch count to 1,000.
* RAILTEL: The company receives a Letter of Acceptance worth Rs. 145 crore from Eastern Coalfields.
Economic News
* Weaker monsoon prediction, Iran war cloud growth outlook: India's rural economy is faced with potential challenges. A weaker monsoon and rising farm costs from the Iran war could impact growth this fiscal year. While strong water reserves and food stocks offer some buffer, rural demand may slow in the latter half of FY27. Economists are closely watching these developments for their effect on the economy.
Global News
* Fed likely to hold rates steady as inflation risks rise, with Jerome Powell’s final meeting turning cautiously hawkish amid oil-driven uncertainty: Federal Reserve policymakers will meet this week in what could be Jerome Powell’s final meeting, with rates likely to stay at 3.50%–3.75% despite rising uncertainty from the Iran conflict and elevated energy prices, as oil’s ~50% surge has pushed inflation higher, forcing the Fed into a difficult trade-off between controlling inflation and supporting a softening labor market; rate cuts now appear unlikely while the possibility of future hikes is emerging, even as Powell’s exit nears with Kevin Warsh’s confirmation progressing, keeping policy outlook cautious and slightly hawkish.
Government Security Market
* The Inter-bank call money rate traded in the range of 4.50%- 5.20% on Monday ended at 4.85%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.9418% on Monday Vs 6.9365% on Friday
Global Debt Market:
U.S. Treasury yields were little changed on Monday as investors look ahead to the Federal Reserve’s monetary policy meeting, during which Fed chair Jerome Powell is widely expected to keep interest rates on hold. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing was largely flat at 4.314%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was over 1 basis point higher at 3.786%. The longerdated 30-year Treasury bond yield was broadly flat. The policy decision on Wednesday could mark Jerome Powell’s final meeting as chair before Kevin Warsh is expected to take over in May. The Department of Justice decided to drop its criminal probe into Powell on Friday, causing Sen. Thom Tillis to end his block of Warsh’s confirmation. In terms of the monetary policy outlook, investors are unlikely to get anything “particularly revelatory,” wrote Dutch bank ING in a note. “The minutes from the last decision suggested that the ‘vast majority’ of the FOMC membership saw employment risks as skewed to the downside, while progress on inflation was likely to be slower because of the economic headwinds being generated by developments in the Middle East,” the analysts said. “This is likely to remain the way the committee assesses the situation with little prospect of any immediate change in policy signaled.” The European Central Bank (ECB) and Bank of England (BOE) are also due to hold pivotal meetings as the war upends inflation and growth expectations.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.93% to 6.9550% level on Tuesday.
SEBI Registration number is INH000000081.
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