Markets

Intellect Design Arena Launches eMACH.ai Islamic Banking Platform for Shariah Compliance Intellect Design Arena Limited, a financial technology company, has launched eMACH.ai Islamic Banking, a comprehensive, cloud-native, and microservices-based platform designed to assist banks in maintaining Shariah integrity while digitalizing operations. The platform is specifically developed to be AAOIFI-compliant, addressing the needs of modern Islamic banking institutions.The announcement details that the new suite is built on the eMACH.ai foundation (Events, Microservices, API, Cloud, Headless, AI) and adheres to "Shariah by design" principles. It aims to solve the challenges presented by existing Islamic banking solutions, which often rely...

AVI Polymers' Subsidiary Launches KrishiBuddy Platform to Transform Indian Agritech Sector AVI Polymers Ltd has announced the successful launch of 'KrishiBuddy,' a smart farming application developed by its wholly-owned subsidiary, AVI Eco Spark Private Limited. The platform, accessible at https://krishibuddy.tech/, represents a significant strategic shift for AVI Polymers into high-growth technological sectors, focusing on artificial intelligence and Internet of Things (IoT) ecosystems within Indian agriculture.KrishiBuddy is designed as a comprehensive, AI-powered smart farming assistant intended to democratize sophisticated agricultural data for smallholder farmers across India. The platform aims to capture a considerable share of...

Independent Director Shri Vallabhbhai Maneklal Patel Ceases Tenure at Indian Railway Finance Corporation Limited Indian Railway Finance Corporation Limited (IRFC), a Government of India enterprise, announced the cessation of Shri Vallabhbhai Maneklal Patel from the role of Independent Director. The change is effective from April 15, 2026, following the completion of his tenure.The company confirmed that Shri Patel, who holds DIN: 07713055, ceased to serve as a Non-Official Director (Independent Director) on the specified date. The departure was noted as a cessation upon completion of his tenure.Key details regarding the change in the directorate are summarized below:ParticularsDetailDirector NameShri Vallabhbhai Maneklal...

Mahanagar Telephone Nigam Limited Pays Rs 8,00,000 Financial Disincentive to TRAI Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has been issued a financial disincentive order by the Telecom Regulatory Authority of India (TRAI). The order, dated April 13, 2026, mandates MTNL to pay a total penalty of Rs 8,00,000/- for non-compliance related to Quality of Service (QoS) standards during the quarter ending September 2025.The penalty stems from the contravention of the provisions laid out in the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024 (06 of 2024) for Access Service (Wireless). MTNL received the order concerning the...

Capri Global Capital Secures 'Good' ESG Rating from Sustainable Fitch Capri Global Capital Limited (CGCL), a leading Non-Banking Financial Company (NBFC), has received a Second-Party Opinion (SPO) from Sustainable Fitch. The assessment granted an overall alignment rating of 'Good' for the company's Sustainable Finance Framework.The SPO confirms that Capri Global's framework is fully aligned with major industry guidelines, including the International Capital Market Association (ICMA) Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines.The Sustainable Finance Framework established by CGCL enables the company to raise green and social finance funds. These proceeds are utilized to fund or refinance eligible...

Exhicon Events Media Solutions Ltd. released its Business Update for the Half Year ended March 31, 2026, detailing operational achievements and strategic developments across multiple markets. The company highlighted its continued expansion across aviation, infrastructure development, and large-scale event execution, reinforcing its role in integrated exhibition services both pan-India and in eight international markets.H2 FY 2025-2026 Operational Overview For the half-year ended March 31, 2026, Exhicon emphasized robust performance, noting that the company maintained a high-growth trajectory despite market volatility. Key operational and financial strengths included:Operational Excellence: Delivering strong performance across...

SKF India Appoints Manasa Nagaraju as Head of IT & Digitalization SKF India (Industrial) Ltd has announced the appointment of Ms. Manasa Nagaraju as the Head of IT & Digitalization, integrating her into the company's Senior Management Team (SMP). The Board of Directors approved this appointment, which is effective from April 15, 2026, based on the recommendation of the Nomination and Remuneration Committee.In her capacity, Ms. Nagaraju is tasked with overseeing key digital portfolios for the company. Her responsibilities include cloud delivery, people-experience platforms, sustainability digitalization, and enterprise data strategy. She is responsible for driving modernization, simplification, and governance across the IT landscape...

MOIL Limited Reports Cessation of Independent Director Shri Dinesh Kumar Gupta MOIL Limited, a Government of India Enterprise, has confirmed the cessation of independent director Shri Dinesh Kumar Gupta. The change in the board's composition is effective from April 15, 2026.According to documentation received, Shri Dinesh Kumar Gupta (DIN-01303034) ceased to serve as a Director of the Company upon the completion of his tenure. This transition was confirmed in alignment with the Government of India order number 1/1/2025-BLA, which was dated April 15, 2025.MOIL Stock Price Movement Shares of MOIL Limited are edging higher to ₹309.8 as of 11:53 AM today, posting a gain of 1.46% in live trading. The stock remains active within its...

Simandhar Impex Ltd: Independent Directors Find Open Offer Fair and Reasonable The Committee of Independent Directors for Simandhar Impex Ltd conducted a meeting on April 15, 2026, regarding the open offer for the company's shares. Following a review of the documentation, the Committee concluded that the open offer proposed by Tamililangana Private Limited is fair and reasonable.The open offer involves the acquisition of 7,7.5,310 equity shares of Simandhar Impex Ltd at a price of Rs 3QL:p per equity share. This offering represents 25.36% of the fully paid up and voting share capital by Tamililangana Private Limited.The Committee of Independent Directors reviewed and analyzed the open offer parameters given by Tamililangana Private...

NMDC Ltd Updates Board Composition Following Change in Director Tenure NMDC Limited, a Government of India Enterprise, has updated the composition of its board of directors. The company announced that the tenure of Shri Sanjay Tandon as an Independent Director concluded on April 14, 2026.The board’s updated structure includes several functional, government nominee, and independent directors, as per the revised list of directors.Current Board of Directors The directors of NMDC Limited are categorized into three groups: Functional Directors, Government Nominee Directors, and Non-Official Independent Directors.Functional DirectorsShri Amitava Mukherjee: Chairman & Managing Director (DIN: 08265207) Shri Vinay Kumar: Director...

Diamond Power Infrastructure Ltd Receives Letter of Intent for Rs 45.47 Crore Cable Supply Diamond Power Infrastructure Ltd has announced the receipt of a Letter of Intent (LOI) for the supply of cables from Adani Electricity Mumbai Limited. The contract is a domestic transaction, with the supply spanning from May 2026 to May 2027.The deal, covering the supply of cables, is valued at Rs 45,47,45,592/- inclusive of tax.The key details regarding the transaction award are as follows:ParticularsDetail/InformationAwarding EntityAdani Electricity Mumbai LimitedNature of ContractSupply of CablesGeographical ScopeDomestic Entity (Domestic)Contract DurationMay 2026 to May 2027Total ValueRs 45,47,45,592/- inclusive tax...

Delta Autocorp Launches 'Deltic Express' 6-Seater EV to Boost Commercial Mobility Delta Autocorp Limited (Deltic) has announced the introduction of its new electric vehicle, 'Deltic Express.' This vehicle is designed as a 6-seater passenger unit and falls within the L5 category, marking a significant progression in commercial electric mobility offerings.The launch comes as a direct response to user feedback gathered from Deltic’s earlier 4-seater (L3) passenger vehicles, which have seen strong adoption across Bharat. As usage expanded, the company noted consistent market feedback highlighting two practical constraints in daily operations: limited passenger space and restricted speed, both factors that previously impacted trip...

SSCL Subsidiary Acquires Additional Land in Udaipur, Expanding Flagship Luxury Hospitality Project Saboo Sodium Chloro Limited (SSCL) has announced a significant expansion of its luxury hospitality development in Udaipur. The Company's wholly owned subsidiary, Samskara Resorts Private Limited, acquired 6,070 square meters of additional land in Udaipur. This acquisition significantly increases the landholding for Samskara Udaipur, establishing a large development site for one of SSCL's key projects.The newly acquired parcel is adjacent to the existing 23,300 square meters held for Samskara Udaipur. With this addition, the total aggregate landholding for the project now stands at approximately 29,370 square meters, which equates to...

Benara Bearings and Pistons Ltd. to Hold Board Meeting to Approve Q2 Financial Results Benara Bearings and Pistons Ltd. has announced that its Board of Directors will meet on Thursday, May 28, 2026. The primary purpose of the meeting is to consider and approve the Audited Financial Results for the 2nd half of the Financial Year ended on March 31, 2026.The company's operational scope covers a wide array of automotive and industrial components, cementing its position in the manufacturing sector. Benara Bearings and Pistons Ltd. specializes in manufacturing components such as engine bearings and bushes, pistons, and piston rings.The company's diverse product portfolio can be categorized into several core areas:Product...

AVI Polymers Subsidiary Launches AI-Powered Smart Farming Platform, KrishiBuddy AVI Polymers Ltd has seen a significant technological pivot with the launch of "KrishiBuddy," a comprehensive smart farming application developed by its wholly-owned subsidiary, AVI ECO SPARK PRIVATE LIMITED. This introduction of the platform marks a major step into high-growth technological sectors, specifically targeting the agricultural space through the application of artificial intelligence and IoT ecosystems in India.KrishiBuddy is designed as a smart farming assistant aimed at democratizing corporate-level agricultural data for India's smallholder farmer. The platform is engineered to overcome traditional barriers related to literacy and technology...

Indo Euro Indchem Faces GST Demand Order Alleging Fraudulent ITC Availment Indo Euro Indchem Ltd has received a GST Demand Order from the Office of the Assistant Commissioner of Central GST & Central Excise, Division-I, Mumbai Central Commissionerate. The order, dated March 13, 2026, addresses allegations concerning the company’s handling of Input Tax Credit (ITC).The company confirmed that its management and GST team reviewed the notice internally, and following advice from tax consultants, it has decided to defend the matter before the appropriate appellate authority. Indo Euro Indchem Ltd plans to file a formal response to the GST Demand Order within the prescribed timelines.Details of the GST Demand Order The action was taken...

JMD Ventures Ltd to Hold Board Meeting to Approve Financial Results for FY 2026 JMD Ventures Ltd., formerly known as JMD Telefilms Industries Ltd., has announced that its Board of Directors will convene a meeting to consider and approve its audited financial results. The meeting is scheduled for Tuesday, May 26, 2026.The primary purpose of the board meeting is to review and finalize the Audited Financial Results covering both the fourth quarter and the full Financial Year ended March 31, 2026.The company issued the notice detailing the board meeting to all members. This meeting is set to formalize the financial performance of JMD Ventures Ltd. for the reported period.Stock Price Movement As of 11:27, JMD Ventures shares are...

Patel Engineering Limited Appoints Jana Chatra as Additional Independent Director Patel Engineering Limited announced that its Board of Directors has approved the appointment of Ms. Jana Chatra as an Additional Independent Director. The appointment is effective for a consecutive period of three years, commencing on April 15, 2026, and concluding on April 14, 2029.The board resolution dated April 15, 2026, approved the appointment of Ms. Jana Chatra (DIN: 07149281) to the role of Additional Independent Director.Ms. Jana Chatra's Profile and Experience Ms. Jana Chatra brings extensive experience in corporate strategy, business development, and risk management to the role. She currently serves as a Partner at Excelus Capital Advisers...

Mahanagar Telephone Nigam Limited Announces Cessation of Independent Directors' Tenure Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has announced the completion of the tenure for two of its Independent Directors, effective April 15, 2026.MTNL confirmed that Shri Vishwas Pathak and Ms. Deepika Mahajan have ceased to serve as Independent Directors of the Company, marking the conclusion of their respective tenures.The company confirmed the details of the departure of the independent directors, noting that the cessation was due to the completion of their specified tenure period.The details regarding the directors who concluded their service are presented below:Director NameDINStatusCessation...

Prime Capital Market Ltd. To Hold Board Meeting for Q4 and FY 2026 Results Prime Capital Market Ltd. has announced that a meeting of its Board of Directors is scheduled to consider and approve its Audited Financial Results.The Board meeting is set to take place on Thursday, May 28, 2026. The primary focus of the meeting will be the review and approval of the audited financial results for the 4th quarter and the full Financial Year ending March 31, 2026.The update, which concerns the financial performance for the period concluding March 31, 2026, was issued by the company. Managing Director Adarsh Purohit confirmed the details of the scheduled board meeting.Stock Price Movement Prime Capital Market Ltd. shares settled at ₹6.20 on...