The Indian stock market experienced a sharp decline for the second consecutive session on Tuesday. The BSE Sensex plummeted by 1,390 points (1.8%) to close at 76,024, while the NSE Nifty dropped 354 points (1.5%) to settle at 23,165. Amid market volatility, several companies are making headlines due to leadership changes, tax notices, and record-breaking performances.
Coal India
Coal India reported a production of 85.8 million tonnes in March 2025, marking a 3.1% decline compared to last year. Despite some divisions showing growth, a few key units fell short, impacting the company’s annual targets.
Swiggy
Food delivery giant Swiggy has been issued a tax demand of Rs 158.25 crore for discrepancies related to cancellation charges and interest income from 2021-22. The company is currently reviewing the order and plans to respond accordingly.
Bharat Electronics Ltd. (BEL)
BEL secured orders worth Rs 18,715 crore for FY25, falling short of its Rs 25,000 crore projection. However, revenue growth exceeded expectations, showcasing the company’s operational efficiency.
TVS Motor Company
TVS Motor Company celebrated its highest-ever annual sales, reaching 4.74 million units in FY25, a 13% rise. March sales surged by 17% to 4,14,687 units, with exports increasing 23%, reflecting strong global demand.
Maruti Suzuki
Maruti Suzuki’s total sales for March 2025 rose by 3% to 1,92,984 units. However, lower-than-expected growth caused a dip in stock prices.
KEC International
KEC International secured fresh contracts worth Rs 1,236 crore, including power projects in the UAE, Kuwait, and India, strengthening its global presence.
Dabur India
Dabur India received a tax demand of Rs 110.33 crore for FY 2017-18. The company is evaluating the charges, believing some may be due to calculation discrepancies.
Pidilite
Adhesive and construction chemicals leader Pidilite has appointed Sudhanshu Vats as its new Managing Director, effective April 10, 2025.