Markets

Department of Telecommunications Extends Additional Charge for MTNL CMD Post The Department of Telecommunications (DoT), Ministry of Communications, Government of India, has issued an order extending the additional charge of the post of Chief Managing Director (CMD) of Mahanagar Telephone Nigam Limited (MTNL). The charge, currently held by Shri A. Robert J. Ravi, CMD of BSNL, has been extended for a further period of three months.The extension mandate, issued by the Department of Telecommunications, ensures that the posts of CMD, BSNL, CMD, MTNL, and CMD, BBNL remain occupied as an interim measure.The Department of Telecommunications released the order on April 14, 2026, extending the additional charge to Shri A. Robert J. Ravi...

Tembo Group Subsidiary Receives Licence to Manufacture Ammunition Tembo Classic Engineering Private Limited (TCEPL), a subsidiary of Tembo Global Industries Limited, has been granted a critical licence by the Ministry of Home Affairs, Government of India. The licence authorizes the company to manufacture ammunition of various calibers.This development represents a significant milestone for the Tembo Group, enhancing its presence within the defence and security manufacturing sector.TCEPL, which was previously known as Tembo Defence Products Private Limited, is now authorized to undertake comprehensive manufacturing activities for ammunition.The company plans to commence commercial production for Arms and Ammunitions according to a...

Sanghvi Movers Ltd Appoints Mr. Saumil Dave as Chief Operating Officer Sanghvi Movers Ltd has appointed Mr. Saumil Dave as its Chief Operating Officer (COO) and designated him as Senior Management Personnel. The appointment followed a recommendation by the Nomination and Remuneration Committee and received approval from the company's Board.The appointment is effective from April 14, 2026, with the term being Full Time Employment.In terms of professional background, Mr. Saumil Dave holds a Bachelor of Commerce degree from Mumbai University. He has also secured certifications in Marketing and Management from Ryerson University, Canada, in addition to a Project Management Program certification. His professional experience includes...

Tata Technologies Board to Approve FY 2026 Results and Recommend Dividend Tata Technologies Ltd. announced that a meeting of its Board of Directors is scheduled for Monday, May 4, 2026. The meeting aims to approve the company’s financial results for the quarter and the full financial year ended March 31, 2026.The Board's key agenda points include considering and approving the audited financial results, both standalone and consolidated, for the period ending March 31, 2026, along with the respective reports of the auditors.Furthermore, the Board meeting is mandated to recommend a dividend, if any, on the Equity Shares of the Company for the financial year ended March 31, 2026. This recommendation will subsequently be presented to the...

TANFAC Industries Secures Five-Year Memorandum of Understanding for Rs. 1,250 Crores Supply Deal TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has entered into a Memorandum of Understanding (MoU) with a large multinational company. The agreement pertains to the supply of fluorinated products and carries an estimated total value of Rs. 1,250 crores over a five-year period.The MoU solidifies a significant business relationship, committing TANFAC Industries to supply 5,000 MT per annum of its key fluorinated product to the multinational partner.The key terms and commercial details of the MoU are outlined as follows:ParticularsDescriptionPartner EntityA large multinational company...

GIC, MAS, and Gamnat Reduce Stakes in Le Travenues Technology Ltd via Open Market Sales GIC Private Limited, along with its associated entities—the Government of Singapore (GOS), the Monetary Authority of Singapore (MAS), and Gamnat Pte Ltd—have executed an open market sale of shares in Le Travenues Technology Ltd. The transaction resulted in the reduction of stakes held by the key investors, with the sales taking place on April 10, 2026.The entities involved in the transaction include GIC Private Limited, GOS, MAS, and Gamnat. The sales constituted an open market transaction, marking a notable adjustment to the pre-existing shareholding pattern of the listed company.Key Stake Changes Summary The sales resulted in the disposal of a...

Virtual Galaxy Infotech Signs Software Development Agreement with Botswana Development Corporation Virtual Galaxy Infotech Limited, which was previously known as Virtual Galaxy Infotech Pvt. Ltd., has entered into a Software Development Agreement with the Botswana Development Corporation Limited, Botswana. The agreement, which falls within the ordinary course of business for the Company, is expected to boost its international market presence.The contract has a specified value of USD 1,099,000 (United States Dollars One Million Ninety-Nine Thousand only), excluding applicable taxes.The agreement details highlight that the tenure for the contract is set for forty eight (48) months from the commencement date. The scope of work is...

Amal Ltd Board to Meet to Review Financial Results and Consider Dividend Proposal Amal Ltd announced that its Board of Directors is scheduled to meet on April 22, 2026. The board meeting is set to address the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.The meeting will also consider a proposal recommending a dividend to the shareholders, which will require approval at the ensuing Annual General Meeting of the Company.The company also confirmed the closure of the trading window for its securities. The trading window for Amal Ltd will remain closed from April 01, 2026, through April 24, 2026, inclusive of both dates.The key corporate dates and events for Amal Ltd are summarized...

One Point One Solutions Lists on BSE, Enhancing Investor Access and Market Visibility Mumbai, April 15, 2026: One Point One Solutions Limited, a prominent provider of technology-enabled Business Process Management (BPM) and customer experience operations, announced that its equity shares were listed and admitted for trading on BSE Limited. The listing, effective Wednesday, April 15, 2026, saw the company trade under Scrip Code: 544077. The company continues to remain listed on the National Stock Exchange of India Limited (NSE) under the ticker ONEPOINT.This dual listing marks a significant milestone for the company, reinforcing its commitment to strengthen its capital market presence. Sources note that the listing is aimed at...

EdgeCortix Boosts Edge AI Capabilities with Investment from Axiro Semiconductor and MPower Partners Kanagawa, Japan (April 15, 2026) - EdgeCortix, a leading fabless semiconductor company specializing in energy-efficient AI processing at the edge, announced a new investment from Axiro Semiconductor Pvt. Ltd. and MPower Partners. These additions build on the strong momentum generated by the company's previously oversubscribed funding round.The investment significantly strengthens EdgeCortix's global position in AI inference, accelerating the development and commercialization of its next-generation, energy-efficient platforms for Generative and Agentic AI, including its next-generation SAKURA-X chiplet-based platform.Axiro...

One Point One Solutions Limited to List on BSE Alongside Existing NSE Listing One Point One Solutions Limited has secured its listing approval from BSE Limited (BSE), confirming that its equity shares will be admitted to trading on the exchange. This dual listing means the company's shares will be simultaneously available for trading on both the National Stock Exchange of India Limited (NSE) and BSE.The company's equity shares are scheduled to be listed and available for trading on BSE effective April 15, 2026.The listing provides the following key details regarding the company's securities on BSE:ParticularsDetailsCompany NameOne Point One Solutions LimitedBSE Scrip Code544077ISININE840Y01029Face Value per Share₹2...

Mini Diamonds India Announces Board Meeting to Consider Bonus Share Issuance Mini Diamonds (India) Ltd. has scheduled a Board Meeting to discuss and approve the issuance of bonus shares. The meeting concerning the bonus shares is slated for Thursday, April 23, 2026.The company also intends to consider and approve the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026, although the date for this specific Board meeting will be communicated separately.In addition to the corporate actions, the company provided an update regarding its trading window. The period for dealing in the securities of Mini Diamonds (India) Ltd. was closed on April 01, 2026. This restricted trading...

CleanMax Partners with Sangam India to Deploy Hybrid Renewable Energy Project in Rajasthan Clean Max Enviro Energy Solutions Limited, a leading renewable energy provider for the commercial and industrial sector, has announced a major expansion into Rajasthan, partnering with Sangam India Limited to help decarbonize the latter's operations.Under the terms of the collaboration, CleanMax will supply round-the-clock power to five Sangam facilities across Rajasthan. The integrated project features 30 MWp of solar capacity, 20 MW of wind power, and is augmented by a 2 MWh Battery Energy Storage System (BESS). The power will be supplied through CleanMax's Bhikamkor hybrid farm under an intra-state group captive structure.CleanMax's...

Wipro Ltd Signs Agreement to Acquire Customer Contracts from Alpha Net Group Wipro Limited has announced that it has entered into a definitive agreement to acquire select customer contracts from Alpha Net Consulting LLC and its subsidiaries. The agreement was signed on April 14, 2026.The business acquisition involves the Alpha Net Group, which operates in the Information Technology services sector. Wipro aims to utilize this acquisition to strengthen its service offerings and tap into key market relationships.According to the details provided, the strategic objective of the transaction is to enhance Wipro's capabilities. The acquisition is expected to provide access to key clientele, their associated customer contracts, and a...

Smart Services Announces Open Offer for Sharp India Ltd Shares Smart Services Private Limited has announced a cash Open Offer for the acquisition of equity shares in Sharp India Limited. The offer seeks to acquire up to 64,86,000 fully paid-up equity shares of the target company, representing 25% of its voting share capital.The Open Offer is made following the execution of a Share Purchase Agreement (SPA) dated April 14, 2026, between Smart Services Private Limited (the Acquirer) and Sharp Corporation (the Seller), the existing promoter of Sharp India Limited.Open Offer Details The Open Offer for acquiring equity shares in Sharp India Limited is structured as follows:DetailValueAcquirerM/s. Smart Services Private Limited...

Satin Growth Alternatives Launches Category II AIF Focused on Women-Led, Sustainable Impact Satin Growth Alternatives Limited (SGAL), a wholly-owned subsidiary of Satin Creditcare Network Limited (SCNL), has launched SGAL-Scheme 1, a Category II Alternative Investment Fund (AIF). The fund, which secured its necessary regulatory approval on April 13, 2026, aims to drive growth across sectors emphasizing Inclusion, Sustainability, and grassroots Impact.The inaugural fund is structured as a debut INR 200 Cr Category II AIF. SGAL-Scheme 1 is focused on backing businesses that support inclusion, sustainability, and impact goals, typically targeting an average ticket size of INR 4 to 5 Cr, with potential investments up to INR 10 Cr...

Hampton Sky Subsidiary Signs MoU for Mixed-Use Development Project in Ludhiana Hampton Sky Realty Ltd, through its wholly owned subsidiary Hampton Sky Hospitality Private Limited (HSHPL), has entered into a Memorandum of Understanding (MoU) for a large-scale mixed-use joint development project in Ludhiana. The MoU was executed on April 13, 2026, involving multiple private parties and developer firms.The MoU establishes a framework for the joint development of contiguous parcels of land, which are located in Village Gahour, Baddowal and Karimpura, Sub-Tehsil Mullanpur Dakha, Ludhiana. The proposed development, referred to as the Proposed Project, aims to incorporate residential plotting, partial built-up residential units, and...

Vedanta Limited Confirms Incident at Athena Power Plant in Chhattisgarh Vedanta Limited reported an unfortunate industrial incident that occurred on April 14, 2026, at its Athena Power plant located in Singhita rai, Chhattisgarh. The accident took place at the Unit-1 boiler and involved personnel from the company's sub-contractor, NGSL.As of the time of the report, the incident affected 24 workmen from the sub-contractor. Tragically, 10 of the affected personnel succumbed to their injuries.Vedanta Limited stated that its primary focus remains on providing the best possible medical assistance and treatment to all affected individuals. The company also confirmed efforts are underway to alleviate the suffering of the families and loved...

Jeena Sikho Lifecare and Sat Kartar Life Announce Strategic Collaboration for Ayurveda Healthcare Ecosystem In a significant move to strengthen organized Ayurveda healthcare delivery in India, Jeena Sikho Lifecare Limited (JSL) and Sat Kartar Life Limited (SKL) have entered into a strategic Memorandum of Understanding. The collaboration aims to build a technology-enabled Ayurveda healthcare ecosystem by integrating digital patient engagement capabilities with institutional Ayurveda treatment infrastructure.The partnership combines JSL's growing network of Ayurveda hospitals and Panchakarma centres with SKL's extensive consumer health ecosystem, advanced data analytics capabilities, artificial intelligence-driven patient acquisition...

NCLT Directs Reshuffling of Resolution Plans in Colour Roof India Limited CIRP JSW Steel Coated Products Limited (JSWSCPL), a wholly-owned subsidiary of JSW Steel Limited, is reassessing its strategy following a significant order issued by the National Company Law Tribunal (NCLT) regarding the Corporate Insolvency Resolution Process (CIRP) of Colour Roof (India) Limited.The NCLT, Mumbai Bench, issued an order on April 13, 2026. This ruling partially allowed the interlocutory applications filed by the consortium led by the erstwhile promoters of the Corporate Debtor. These applications challenged the Committee of Creditors’ (CoC) decision, specifically regarding the rejection of a request for relaxation of eligibility criteria and the...