The Indian stock market is likely to start Thursday, April 17, on a subdued note as suggested by Gift Nifty, which was trading at 23,334 around 6:45 PM on Wednesday. This signals a possible decline at the opening bell, despite positive momentum on Wednesday when the Sensex rose 309.40 points (0.40%) to close at 77,044.29, and the Nifty advanced 108.65 points (0.47%) to settle at 23,437.20.
Several companies are expected to remain in focus today due to quarterly earnings announcements and strategic developments. Here’s a detailed look:
Infosys Q4 Results & Dividend Outlook
Infosys is set to release its Q4 FY2025 results today, along with an announcement on the final dividend. As India’s second-largest IT services firm, the company is expected to report a marginal dip of 1.4% in quarterly PAT at ₹6,710 crore, down from ₹6,806 crore in Q3. Revenue is forecast to grow 1% QoQ to ₹42,198 crore. Investors are also watching for dividend declarations and future guidance.
Wipro Posts 26% Jump in Q4 Profit
Wipro reported a 25.9% YoY rise in consolidated net profit at ₹3,569.6 crore for Q4 FY25, up from ₹2,834.6 crore a year earlier. Quarterly revenue rose slightly by 1.33% to ₹22,504.2 crore. On a sequential basis, profit increased 6.43%. However, full-year revenue saw a slight dip of 0.74%, coming in at ₹89,088.4 crore.
Infosys-Spark NZ Strategic Partnership
Infosys also announced a new partnership with Spark New Zealand to enable digital transformation and cost optimization using its AI-first services including Infosys Topaz and Infosys Cobalt. The collaboration will focus on enhancing Spark’s IT delivery and software engineering capabilities.
DLF Sells Kolkata SEZ for ₹693 Crore
DLF has entered into a definitive agreement with Srijan Group to sell its IT/ITeS SEZ project in Kolkata for ₹693 crore. The asset includes a 25.90-acre land parcel and a tech park with over 10.5 lakh sq ft of leasable area. The transaction is aligned with DLF’s strategy to monetize non-core assets.
UltraTech Buys Stake in Green Energy Firm
UltraTech Cement will acquire a 26% equity stake in AMPIN C&I Power Eight, a renewable energy firm, for ₹25.50 crore. This move supports the company’s green energy needs and will help it comply with captive power regulations.
SJVN Pays Interim Dividend to Himachal Pradesh Govt
State-run SJVN has paid ₹121.33 crore as interim dividend for FY25 to the Himachal Pradesh government. The dividend cheque was presented to CM Sukhvinder Singh Sukhu by company officials in Shimla.
Waaree Renewable Reports 83% Surge in Q4 Profit
Waaree Renewable Technologies reported an 83% YoY jump in net profit to ₹93.76 crore in Q4, on the back of a significant rise in income. Revenue grew to ₹481.43 crore from ₹275.35 crore last year.
IndusInd Bank Faces ₹1,979 Crore Hit from Derivatives Issue
PwC has assessed a negative impact of ₹1,979 crore on IndusInd Bank’s net worth due to lapses in derivatives accounting. The bank will reflect the impact in its FY25 financials and strengthen internal controls accordingly.
Patanjali to Acquire Majority Stake in Magma General Insurance
The CCI has approved Patanjali Ayurved’s proposal to acquire 98.06% stake in Magma General Insurance. The deal is being processed under the green channel route and includes participation from five other foundations affiliated with Patanjali.
MMTC-PAMP Opens First Brand Store in Delhi
Gold and silver refiner MMTC-PAMP has launched its first exclusive brand store in Delhi and plans to open 200 outlets nationwide. The store offers 24-carat pure gold and silver products.
SpiceJet to Double Fleet Size
SpiceJet Chairman Ajay Singh said the airline’s revival is on track and it aims to double its fleet in 12 months. This includes reactivating grounded aircraft and leasing new ones to meet demand.
Hindustan Zinc Launches Logistics Tech Platform
Hindustan Zinc has launched a digital platform—Zinc Freight Bazaar—for logistics and zinc procurement. The platform includes features like live tracking and logistics planning to streamline supply chain operations.
KFintech Buys 51% Stake in Ascent Fund Services
KFin Technologies has agreed to acquire 51% stake in Singapore-based Ascent Fund Services for USD 34.7 million. The company plans to acquire the remaining 49% over the next five years to expand globally.
IREDA Q4 PAT Jumps 49%
Indian Renewable Energy Development Agency (IREDA) reported a 49% YoY rise in PAT to ₹502 crore for Q4 FY25. Annual PAT reached an all-time high of ₹1,699 crore, a 36% increase over the previous fiscal.
Yes Bank Hit with ₹244 Cr Tax Demand
Yes Bank has received an additional tax demand of ₹244.20 crore for FY 2016-17 after a rectification order by the tax authorities. The bank plans to challenge the order through available legal channels.
Union Bank Fined ₹37 Lakh by FIU
Union Bank of India has been fined ₹37 lakh by the Financial Intelligence Unit for non-compliance in reporting suspicious transactions between 2011 and 2014.
ICICI Bank Cuts Savings Interest Rate
ICICI Bank has slashed its interest rates on savings accounts by 25 bps. Depositors will now earn 2.75% for balances up to ₹50 lakh and 3.25% for balances above ₹50 lakh.
Gensol Engineering to Undergo Sebi-Directed Audit
Gensol Engineering will undergo a Sebi-ordered forensic audit. Promoters Anmol Singh Jaggi and Puneet Singh Jaggi have stepped down from executive roles amid allegations of fund misappropriation.
Mamaearth-HUL Sunscreen Ad Dispute Escalates
Legal tensions continue between Mamaearth (Honasa Consumer) and Hindustan Unilever Ltd (HUL) over sunscreen product advertisements. Both companies have filed lawsuits accusing each other of misleading campaigns.
Vijay Shekhar Sharma Surrenders ₹1,800 Cr Worth of Paytm ESOPs
Paytm CEO Vijay Shekhar Sharma has voluntarily surrendered 2.1 crore ESOPs worth ₹1,800 crore. The move returns the shares to the company’s ESOP pool under its 2019 scheme.
Heineken’s UBL India Growth Trails Market
Heineken NV reported mid-single-digit volume growth for UBL in India in Q1, slightly lagging the market. A temporary supply halt in a key state affected overall performance, though premium brands saw strong traction.
