The Food Safety and Standards Authority of India (FSSAI) has launched a comprehensive investigation into allegations of Nestle selling baby food products with higher sugar content in the country, according to a report by CNBC-TV18 citing sources. The probe aims to assess the potential violation of regulations by Nestle and other brands selling baby food and formula milk.

The Anand Rathi expert said that Indian stock market bias may further improve once the 50-stock index breaches above 22,500 to 22,600 resistance zone on a closing basis. On day trading stocks for today, these were the recommendations: 📌MCX: Buy at ₹3900, target ₹4050, stop loss ₹3840 📌HCL Tech: Buy at ₹1468, target ₹1520, stop loss ₹1440 📌RCF: Buy at ₹145, target ₹152, stop loss ₹138.

The Top Gainers of BSE in the pre-opening session were: 📌Tejas Networks Ltd, an S&P BSE company, surged 11.92 per cent to trade at Rs 1013.70 apiece. 📌Hatsun Agro Product Ltd rallied 9.61 per cent to trade at Rs 1122.05 apiece. 📌Inox Wind Ltd, an S&P BSE company, climbed 7.96 per cent to trade at Rs 640.00 apiece.

The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.A two-member Delhi bench of the NCLT directed initiation of personal insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL) Chairman Emeritus Chandra, who was a guarantor for a loan given to Essel group.

High-frequency trading was seen in Solara Active Pharma Sciences, TruCap Finance, and Gujarat State Petronet on April 22. Solara Active Pharma Sciences touched a 52-week high on April 22. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.

Shares of Gujarat State Petronet Ltd (GSPL) were locked in a 20% lower circuit at Rs 302.30 on the BSE on Monday morning after the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a 47% cut in tariffs for the company’s HP Pipeline network. The board in its order, reduced the tariff to Rs 18.1 per mmbtu (metric million british thermal unit) from Rs 34.0 per mmbtu earlier.

Mumbai: Motilal Oswal Financial Services said that it continues to expect steady ordering activity in the power transmission and distribution (T&D) space. The capex-intensive nature of the value chain and high entry barriers for new players should restrict competition to a few players having control over the supply chain, it said.

Reliance share price saw a lacklustre start on Tuesday, April 23, a day after the company reported its March quarter earnings. Reliance share price opened at ₹2,958 against its previous close of ₹2,959.70 but soon slipped in the red to the level of ₹2,952.50 on NSE. Around 9:20 am, Reliance share price traded 0.06 per cent lower at ₹2,958 apiece.

Indus Towers stock gained nearly 4 percent at the open on the NSE on April 23 after brokerage firm CLSA upgraded it to 'buy' and raised the target price to Rs 450 from Rs 335 per share. At 9:20am, the stock was trading at Rs 362.90. Follow our market blog for live updates According to the brokerage, Indus Towers could be a key beneficiary of Vodafone Idea’s fundraising.

Shares of KP Energy were locked at 5% upper circuit in early trade on April 23 after the company received a wind power project development contract. There were pending buy orders of 311,029 shares, with no sellers available. "KP Energy has received new order for development of 9MW wind power project forming part of the wind-solar hybrid power project to be developed in Gujarat," the company said.

Inox Wind share price jumped more than 5% in the morning trade on April 23 after the green energy firm said its board would take up a proposal to issue bonus shares. At 9.15 am, Inox Wind was quoting at Rs 626, up Rs 33.20, or 5.60 percent, on the BSE. The company's board will meet on April 25 to consider and approve the proposal for issuance of bonus equity shares to the shareholders.

A Japanese giant is lining up to buy an American corporate icon again—and not in the steel business this time. Sony is in talks with private equity firm Apollo to bid for Paramount Global, which owns broadcaster CBS and the Hollywood studio behind classics such as “The Godfather". The news sent Paramount shares up 13% Friday.

Realty developer K Raheja Corp is planning to redevelop SOBO Central Mall, the country’s first mall, into a high-end luxury residential project, said persons with direct knowledge of the development. The mall, earlier known as Crossroads, started in the late 1990s in south Mumbai. Based on the current property prices in the vicinity, the project is estimated to fetch over Rs 2,000 crore revenue.

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 216.68 points or 0.29% at 73,865.30. Nifty is higher by 71.40 points or 0.32% at 22,407.80. 📈 Indus Towers (⬆️3.72%), Vodafone Idea (⬆️2.71%) and Balrampur Chini (⬆️1.75%) appeared as the top performers on the Nifty50 at the open.

M&M Finance has postponed its scheduled board meeting, originally planned for April 23, to discuss its fourth-quarter results. This delay comes in light of a fraud discovery at one of the company's branches located in the North East region. The fraud involved forgery of KYC documents related to retail vehicle loans, resulting in the misappropriation of company funds.