Stocks to watch, April 1: IndiGo, SpiceJet, Bharti Airtel, Jubilant Food, Vedanta, Sammaan Capital, ONGC

The ATF price in Delhi was hiked by ₹110,703.08 per kilolitre, or 114.5%, to ₹207,341.22 per kl, according to state-owned fuel retailers.

This is the first time ever that ATF prices have crossed the ₹2 lakh per kl. mark. The previous peak was in 2022, when rates were hiked to ₹1.1 lakh per kl after oil prices surged after Russia invaded Ukraine.

This is the second monthly increase in rates. Prices on March 1 were hiked by 5.7% (₹5,244.75 per kl).

According to news reports, in Delhi, the price of a 19 kg cylinder has increased by ₹195.50, and in Kolkata, by ₹218, effective from today, April 1.

A 19-kg commercial LPG now costs ₹2,078.50 in Delhi, according to state-owned oil companies.

The prices have been increased, given a surge in global oil prices linked to the widening West Asia conflict.

The warship-maker delivered to the Navy the advanced guided missile frigate 'Dunagiri', the survey vessel 'Sanshodhak', and the anti-submarine warfare shallow watercraft 'Agray', the official said.

'Dunagiri', the second advanced guided missile frigate built by GRSE under Project 17A, is among the most sophisticated platforms built by the Kolkata-based PSU, the official said in a statement.

In a regulatory dated March 30, the EPC firm stated that it has received a Letter of Acceptance (LoA) from NHAI for the upgradation of the existing two-lane carriageway to a four-lane divided carriageway in a section of National Highway 56 (NH-56) in Gujarat.

Abu Dhabi's International Holding Company has invested ₹5,652 crore to acquire a 41.5% stake in the company through a preferential issue of shares and warrants, and will now float an open offer as per the guidelines to take its stake to 63.3% as the promoter.

The company, formerly known as Indiabulls Housing Finance, will continue to do mortgage-related products and build its product line in parallel.

The revision applies to gas produced from legacy fields under the regulated pricing regime. APM gas makes up about 60% of the domestic gas production at 92 million standard cubic metres per day, and a hike in its rates will impact user industries – from fertiliser to CNG and piped cooking gas.

The revision follows the pricing mechanism that the government had approved in 2023.

The administered price mechanism (APM) for oil producers is a regulatory system where the government controls the price, sourcing, and distribution of raw crude and natural gas to refineries. It was designed to ensure stable pricing for refined products, ensuring producers (like ONGC and OIL) received a pre-determined, cost-plus return rather than market rates.

The lender launched 23 new branches across many states on Tuesday to take its overall branch size to over 603, as per a statement.

Eyeing the diaspora-related business, the bank said 13 of the 23 newly opened branches are in Kerala, the statement said.

The funds raised through the instrument will mainly support strategic acquisitions, including the recently announced deals for Bluetile and BestPlay, and accelerate growth across the company's existing business verticals.

The company will issue up to 1.92 crore (1,92,31,000) warrants at ₹260 apiece, which includes a premium of ₹258. The move is subject to shareholder and regulatory approvals, the company said in a regulatory filing.

Each warrant is convertible into one fully paid-up equity share of face value of ₹2 within a period of 18 months from the date of allotment.

Globally, the company has fired around 30,000 employees.

"In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department.

The company has approximately 30,000 employees in India, including those affected by the layoffs.

Airtel, which will also participate in the investment round, will continue to retain a controlling stake in Nxtra.

As part of the pact, Alpha Wave Global will invest USD 435 million, Carlyle USD 240 million, and Anchorage Capital USD 35 million, with the rest being infused by Airtel.

Nxtra will be valued at around $3.1 billion post-closing of the transaction, according to a release.

The investment in Nxtra Data -- engaged in the data centre business -- would be utilised for AI data centre expansion and to fuel the next phase of growth.

Under the approved scheme, Penna Cement will be dissolved without winding up and fully integrated into Ambuja Cement’s operations.