Markets

RailTel Corporation of India Ltd. Secures Domestic Order of Rs. 309 Crore from Rail Vikas Nigam Limited RailTel Corporation of India Ltd. has successfully secured a major Letter of Acceptance (LoA) from Rail Vikas Nigam Limited (RVNL). This contract involves the Supply, Installation, Testing, and Commissioning (SITC) of integrated tunnel communication systems, significantly bolstering the company's order book.The awarded contract, designated as Package-1, covers the SITC of Integrated Tunnel Communication Systems. The scope includes vital infrastructure like the VHF Simplex System, CCTV System, PA System, and Emergency Call Points across Tunnels (T-1 To T-7) and Stations, covering a total section length of 42.7 Km.The transaction is...

Transworld Shipping Lines Signs MOA for Sale of M.V. SSL Godavari to Avana Logistek Limited Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has signed a Memorandum of Agreement (MOA) on April 14, 2026, for the sale of one of its vessels. The agreement involves the sale of M.V. SSL Godavari to Avana Logistek Limited.The transaction details confirm that Transworld Shipping Lines Limited is divesting the vessel to Avana Logistek Limited. The sale consideration for M.V. SSL Godavari is set at US$ 19,600,000.The core transaction details for the sale agreement are as follows:ParticularsDetailsSellerTransworld Shipping Lines Limited (formerly Shreyas Shipping and Logistics Limited)BuyerAvana...

Bridge Securities to Hold Board Meeting on April 17, 2026, to Review FY Results Bridge Securities Ltd has announced that its Board of Directors will convene a meeting on Friday, April 17, 2026. The meeting is scheduled to take place at 03:00 P.M. at the Company's registered office located at 4th Floor B/408, Stellar, Sindhu Bhavan Road Nr Pakwan Cross Road, Bodakdev, Ahmedabad, Gujarat, India - 380 054.The primary focus of the Board Meeting will be the consideration and approval of key financial documents for the company.During the meeting, the directors are slated to consider and approve:* The Audited Financial Results of the Company for the Quarter and Year ended on March 31, 2026, along with the Auditor's Report...

Apollo Tyres Ltd Receives Penalty Order of Rs 15.10 lacs in GST Dispute Over E-way Bill Apollo Tyres Ltd, a leading tyre manufacturer, reported receiving an order from the Assistant Excise and Taxation Officer, Haryana (GST), concerning a dispute related to E-way Bills. The company stated that the authority passed an order levying a penalty of Rs 15.10 lacs.The order was received by Apollo Tyres Ltd on April 13, 2026. The dispute primarily revolves around issues concerning E-way Bills.Apollo Tyres Ltd provided details of the enforcement action in an annexure outlining the specifics of the penalty.ParticularsDetailsName of the AuthorityAssistant Excise and Taxation Officer, Haryana (GST)Penalty Order PassedLevying penalty...

IFGL Refractories Ltd Announces Resignation of Vice President - Projects IFGL Refractories Ltd has announced the resignation of its Vice President - Projects, Mr. Subbaraman Swaminathan. The executive stated that his departure is due to personal reasons.Mr. Swaminathan's resignation is effective from the close of working hours on April 14, 2026.The company confirmed the details of the change in leadership. Key facts regarding the transition are summarized below:ParticularsDetailsRoleVice President - ProjectsDeparting ExecutiveMr. Subbaraman SwaminathanReason for ChangeResignation due to personal reasonsCessation DateClose of working hours on April 14, 2026The announcement confirms the change in key personnel...

Tanla Platforms Ltd. Announces Board Meeting and Earnings Call for Q&FY Results Tanla Platforms Ltd. has scheduled a meeting of its Board of Directors to consider the audited financial results for the quarter and financial year ended March 31, 2026. The company also announced the details for the associated earnings call.The Board Meeting is slated for Friday, April 24, 2026. Key business items to be transacted during the meeting include considering and approving the audited financial results (Standalone and Consolidated) for the Quarter & Financial Year ended March 31, 2026, and considering the declaration of any interim dividend.The earnings call to discuss the audited financial results for the quarter and financial year ended...

North Eastern Carrying Corporation Ltd Approves Capital Increase, New Business Objects, and Corporate Lending Measures North Eastern Carrying Corporation Ltd announced several key corporate approvals following its Board of Directors meeting held on April 14, 2026. The board addressed significant structural changes, including expanding the company's authorized capital and broadening its operational scope.In terms of capital structure, the board approved increasing the company's authorized share capital and altering the relevant clause of the Memorandum of Association.Capital Structure Changes The authorized share capital was approved to increase from Rs. 100,00,00,000 (Rupees One Hundred Corres Only) to Rs. 110,00,00,000 (Rupees One...

Kilburn Engineering Ltd. to Sell 40% Stake in Subsidiary KEEPL to East End Technologies Private Limited Kilburn Engineering Ltd. has announced a significant change in the shareholding structure of its wholly owned subsidiary, Kilburn East End Private Limited (KEEPL). The company has entered into a Joint Venture Agreement detailing the sale of a 40% equity stake in KEEPL to East End Technologies Private Limited (EETPL).The development follows an earlier term sheet executed between Kilburn Engineering Limited and EETPL, which initially proposed a 60:40 ownership split. With the execution of the Joint Venture Agreement on April 14, 2026, Kilburn Engineering Ltd. agreed to transfer 40% of KEEPL’s equity share capital to EETPL, subject to...

Syrma SGS Technology Completes Joint Venture Closing with Elemaster, Achieving 60% Stake in JVCo Syrma SGS Technology Ltd has announced the successful closing of its joint venture with Elemaster S.P.A Tecnologie Elettroniche, involving Syrma SGS Design and Manufacturing Private Limited (JVCo). The transaction was completed on April 14, 2026, following the terms outlined in the Joint Venture Agreement executed on September 1, 2025.The closing saw Syrma SGS Technology Ltd and Elemaster S.P.A acquire significant equity stakes in JVCo, solidifying the structure of the venture.As part of the completed acquisition, Syrma SGS Technology Ltd acquired 11,43,322 equity shares of JVCo for a total consideration of INR 32,69,90,092. This...

Go Digit General Insurance Ltd Board Meeting Scheduled to Review Q1 and Full Year Financial Results Go Digit General Insurance Limited has scheduled a meeting of its Board of Directors on April 28, 2026. The board meeting is set to consider and approve the company's audited financial results for the quarter and the annual financial statements for the financial year ended March 31, 2026.The company issued the update confirming the board meeting details and the agenda focused on the financial performance assessment.In addition to the board meeting, the company also provided an update regarding its trading window. The trading window for dealing in the securities of Go Digit General Insurance Limited, which had been closed since...

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%...