Markets

Zelio E-Mobility Partners with Punjab Kings as Official EV Partner for 2026 Season Chandigarh, April 14, 2026: Zelio Electric Scooters, an electric two-wheeler brand noted for its consistent growth, announced its partnership with Punjab Kings, naming the franchise as the brand's Official EV Partner for the 2026 season. This collaboration merges the momentum of India’s green mobility movement with the energy of one of the country's most-watched sporting franchises.As the Official EV Partner, Zelio E-Mobility aims to significantly expand its brand presence across India by leveraging the platform of Punjab Kings. The scope of the partnership includes branding rights, digital media integration, and in-stadia activations throughout the...

Nexxus Petro Industries Positioned to Lead Bio-Bitumen Market Amid India's Infrastructure Push Nexxus Petro Industries Limited is positioned to capitalize on a major structural transformation within India's road infrastructure sector. The company holds a certified, government-backed technology license for proprietary bio-bitumen, KrishiBind™, amidst rising international bitumen prices and a national focus on reducing import dependence.The company noted that global bitumen prices have surged nearly 40% due to ongoing West Asia conflicts, leading to domestic price increases from approximately ₹40,000 per tonne to ₹54,000-₹76,000 per tonne.Addressing India's Bitumen Import Dependency India currently relies heavily on imported bitumen...

Anlon Technology Solutions Hands Over Advanced Turntable Ladder Firefighting Vehicle to Goa Government Anlon Technology Solutions Limited has successfully handed over its advanced Turntable Ladder (TTL) fire-fighting vehicle to the Government of Goa. The equipment was officially received by the Chief Minister of Goa, marking a significant step in enhancing the state's emergency response capabilities.The TTL is a critical piece of firefighting equipment designed to provide rapid aerial access during emergencies. Equipped with elevated reach and advanced operational systems, the system enables fire personnel to respond efficiently to incidents in high-rise buildings, urban environments, and sensitive infrastructure zones.The advanced...

Time Technoplast Enters MoU to Acquire 76% Stake in Systoverse Private Limited Time Technoplast Limited (TTL) has entered into a Memorandum of Understanding (MoU) with the promoters of Systoverse Private Limited (SPL) for the acquisition of a 76% stake in SPL. This strategic move is positioned as part of TTL's initiative to strengthen its High-Density Polyethylene (HDPE) Pipe portfolio and accelerate inorganic growth.The proposed acquisition aims to acquire a 76% stake in SPL on a net asset basis. Existing shareholders will retain the remaining 24% stake. The transaction is subject to customary due diligence, including financial, legal, tax, and regulatory assessments.Operational Synergy and Market Expansion The acquisition of SPL...

CARE Ratings Assigns Credit Ratings to Viceroy Hotels Ltd’s Bank Facilities CARE Ratings Limited has assigned credit ratings to the bank facilities of Viceroy Hotels Limited, detailing the rating structure for both long-term and short-term facilities.According to the rating assessment, Viceroy Hotels Limited received ratings for its bank facilities, covering an overall facility structure involving long term and short term bank facilities.CARE Ratings presented the following ratings summary for the bank facilities:AgencyFacilitiesAmount (₹ in Crore)RatingRating ActionCARE Ratings LimitedLong Term Bank Facilities227.83CARE BBB; StableAssignedShort Term Bank Facilities2.5CARE A3+AssignedDetailed Breakdown of Rated...

Ganesh Infraworld Completes Acquisition, Makes Kandoi Transport Subsidiary Ganesh Infraworld Limited announced on April 14, 2026, that it has completed an acquisition of shares in M/s. Kandoi Transport Limited, thereby making the company a subsidiary.The acquisition was a continuation of the Company's further investment plans in M/s. Kandoi Transport Limited, an unlisted public company, executed through a rights issue.According to the details provided, Ganesh Infraworld Limited acquired 2,20,602 equity shares of M/s. Kandoi Transport Limited. Each share held a face value of Rs. 100.The successful transaction significantly increased the Company's stake in M/s. Kandoi Transport Limited. Following the acquisition, the Company's...

Eimco Elecon Launches Two New Battery-Operated Vehicles for Underground Mining Eimco Elecon (India) Limited, a prominent player in the underground mining sector, announced the launch of two new indigenous products, the UV-A-BE and the MCAR-E. The launches mark an expansion of the company’s portfolio, reinforcing its commitment to supporting the "Make in India" concept for both mining and infrastructure sectors.The company, which also serves India's expanding infrastructure sector through its construction equipment, utilized the launch to showcase specialized engineered solutions for demanding underground material transport needs.Expanding Underground Mining Solutions Eimco Elecon has expanded its underground mining capabilities with...

RMC Switchgears’ Bank Loan Ratings Reaffirmed and Withdrawn by Brickwork Ratings RMC Switchgears Limited, a manufacturer of electrical enclosures and laminates, has confirmed the reaffirmation and subsequent withdrawal of credit ratings assigned to its bank loan facilities by Brickwork Ratings India Private Limited.The company reported that the rating withdrawal was processed following the submission of the requisite withdrawal request and No Objection Certificates (NOCs) from its lenders.Loan Facility Details and Rating Status The ratings covered bank loan facilities totaling Rs. 42.14 crores. The facilities include both Fund Based and Non Fund Based components.The rating details are summarized below...

Info Edge (India) Limited Reorganizes Education and Real Estate Verticals Info Edge (India) Limited announced an internal reorganisation of its Education and Real Estate business verticals, effective May 1, 2026. The change was approved by the Board of Directors on April 14, 2026, as part of the company's ongoing strategy to leverage expertise and enhance overall operational effectiveness.The reorganisation involves changes in the roles of certain Senior Management Personnel (SMP) of the Company. Management stated that these strategic role changes are aimed at driving stronger business outcomes and strengthening the company's long-term growth trajectory.Key personnel involved in the organizational changes include:Employee...

Shanti Gold International Reports Strong Performance with Over 120% Revenue Jump in Q4 FY26 Shanti Gold International Limited, a leading gold jewellery manufacturer in India, has released its operational update for the quarter and full year ended March 31, 2026. The company highlighted strong growth across both its quarterly and annual performance metrics, driven by increased demand and market dynamics.Operational Performance Overview The company reported robust figures for the period ending March 31, 2026. For the specific quarter, Shanti Gold delivered significant volume growth and notable revenue acceleration.The financial performance metrics are detailed below:MetricPeriodGrowthKey DriversVolume GrowthQ4 FY2625%...

IBL Finance Limited Allots Rs. 49 Lacs in Non-Convertible Debentures via Private Placement IBL Finance Limited announced the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) aggregating Rs. 49,00,000/-. The allotment was approved by the company’s Finance Committee during its meeting held on April 14, 2026.The issuance of the NCDs was undertaken on a Private Placement basis. The company stated that the issuance was previously approved by the Board of Directors in its meeting on July 16, 2025, and further sanctioned by the Special resolution of the shareholders at the Annual General Meeting held on August 22, 2025.The company allotted a total of 49 NCDs, each having a face value of...

GHV Infra Projects Secures ₹ 1,250 Crore EPC Contract for Expressway Development in Maharashtra GHV Infra Projects Limited, a rapidly growing player in India's infrastructure and construction sector, announced on April 14, 2026, that it has secured a major Construction Contract. The agreement involves the development of expressway connectors from Jalna to Nanded in Maharashtra.The company confirmed that on April 11, 2026, it entered into this contract with APCO Infratech Private Limited. Under the terms, GHV Infra will be responsible for executing all construction works related to the project's allocated scope. This comprehensive scope includes survey and investigation, design, engineering, procurement, construction, supply of plant...

Pearl Global Industries Names Sandeep Vohra as Chief Facilitation Officer & SVP Pearl Global Industries Limited has announced the appointment of Mr. Sandeep Vohra to the role of Chief Facilitation Officer & SVP (Projects & Admin), effective April 14, 2026.The appointment marks Mr. Vohra's entry into the key senior management structure of the company. His engagement is noted as full-time employment, commencing on April 14, 2026.Mr. Vohra brings an extensive background encompassing both high-level corporate management and distinguished service within the Indian Army. He possesses a formidable profile grounded in strategic leadership, infrastructure, logistics, and operational management.His professional experience spans over 37...

Namo E-Waste Management to Set Up Hydrometallurgy Plant in Faridabad for Critical Metal Recovery Namo E-Waste Management Limited has announced a significant expansion of its recycling capabilities with the establishment of a new Hydrometallurgy Plant in Faridabad, Haryana. This facility is designed to further enhance the company’s efforts in processing e-waste and recovering vital materials.The move represents a key step in the company's journey toward achieving full-scale end-to-end recycling. The new plant will process black mass and enable the in-house recovery of critical metals, including Lithium (Li), Nickel (Ni), Cobalt (Co), and Manganese (Mn). This development is expected to facilitate the generation of EPR credits for all...

Techindia Nirman Limited Announces 45th Annual General Meeting Details Techindia Nirman Limited, formerly known as Nath Seeds Ltd., has scheduled its 45th Annual General Meeting (AGM). The company confirmed that the AGM is slated to take place on Tuesday, May 05, 2026.The company also announced the specific record date for participation in the meeting. Techindia Nirman Limited stated that the record date set for the 45th AGM is Friday, April 24, 2026.These operational dates were confirmed by the company, with Sunil Dixit, Chief Financial Officer, providing the announcement.Source:

Muthoot Microfin Ltd. Achieves Top ESG Rating of 80.8 from CareEdge ESG Ratings Muthoot Microfin Limited has been assigned a significant ESG Rating of 80.8 (CareEdge-ESG 1+) by CareEdge ESG Ratings. This rating acknowledges the company's leadership position in managing Environmental, Social, and Governance (ESG) risks through best-in-class disclosures, policies, and overall performance.The new rating is particularly noteworthy as it stands as the highest ESG rating awarded to a Non-Banking Financial Company (NBFC) by CareEdge ESG Ratings.The upgrade reflects a substantial improvement across the key environmental, social, and governance parameters. Muthoot Microfin Limited's ESG rating has been upgraded from 72.2 (CareEdge-ESG 1) to...

ESOS Trust Finalizes Settlement Deed, Gains Shares of GHCL and GHCL Textiles GHCL Ltd has announced that the GHCL Employees Stock Option Trust (ESOS Trust) has successfully executed a settlement deed with a concerned broker. This action resolves litigations that were pending before various judicial forums.The settlement deed marks the resolution of outstanding legal proceedings concerning the ESOS Trust.The core terms of the settlement provide the ESOS Trust with specific equity entitlements in both GHCL Limited and GHCL Textiles Limited.Details of the shares received by the ESOS Trust under the settlement are as follows:CompanyNumber of Equity Shares ReceivedGHCL Limited7,45,966GHCL Textiles Limited8,56,466Following...

Anand Rathi Share and Stock Brokers Reports Strong Growth in Q4 FY26, Year-End Results Anand Rathi Share and Stock Brokers Limited announced its audited consolidated financial results for the quarter and year ended March 31, 2026. The company reported significant year-on-year growth across several key metrics, driven by robust performance in interest income and distribution segments.In the fourth quarter of FY26, the company’s Revenue from Operations expanded 28% year-on-year (YoY) to ₹ 2,557 million. EBITDA and PAT also saw substantial growth, rising 51% and 126% respectively, reaching ₹ 1,103 million (with a 43% EBITDA margin) and ₹ 416 million (16% PAT margin).For the full fiscal year (FY26), the Revenue from Operations stood at...

Trinity League India Ltd. Initiates Negotiations with NACOF for Agri-Tech Solutions Trinity League India Ltd. is reportedly in negotiations with the National Agricultural Cooperative Federation of India Ltd. (NACOF) to establish a potential arrangement involving comprehensive agricultural technology services.If finalized, the proposed engagement would see Trinity League providing a range of specialized services to NACOF, covering key areas of modern crop management and data analysis.The services under discussion include:Service CategoryDetailsAgricultural ProductsTrading of potassium and starch-based agricultural hydrogelCrop MonitoringComprehensive crop health monitoringData AcquisitionHigh-resolution UAV imagery...

Atlas Cycles Approves Extension for Sale Deed Execution of Sonepat Land Atlas Cycles (Haryana) Limited has confirmed that its Board of Directors has approved an extension until June 30, 2026, for the execution of the Sale Deed concerning a 20-acre parcel of land located in Sonepat, Haryana.The approval follows a request from the Buyer to extend the timeline for the land transaction.The company noted that the land sale process originated from an Agreement to Sell executed on December 7, 2024. To date, Atlas Cycles has received Rs. 34.80 Crore as part consideration from the buyer. Furthermore, the buyer has committed to paying an additional part consideration of Rs. 25.20 crores in April 2026.The company has previously communicated...