Markets

Action Construction Equipment to Host Board Meeting to Approve FY 2026 Financial Results and Recommend Dividend Action Construction Equipment Limited has announced that a Meeting of its Board of Directors is scheduled for Wednesday, May 20, 2026. The meeting will focus on the company's financial performance and the recommendation of a dividend for the fiscal year 2025-26.During the board meeting, the primary agenda items include two key considerations. First, the board will consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended on March 31, 2026. Second, the board is scheduled to consider and recommend a dividend on the equity shares of the Company for the financial...

Uno Minda Ltd. Allots Equity Shares Through Employees Stock Option Scheme Uno Minda Ltd. announced the allotment of equity shares resulting from the exercise of options under its Uno Minda Employees Stock Option Scheme 2019. The allotment was approved by the Nomination & Remuneration Committee of the Board during its meeting held on May 16, 2026.The Company confirmed that 34,990 equity shares were allotted, each having a face value of Rs. 2/-. This action constitutes the exercise of options by the eligible grantees under the stipulated scheme.The allotment of shares has increased the paid-up equity share capital of Uno Minda Ltd. The capital stood increased from Rs. 1,15,48,43,632/- to Rs. 1,15,49,13,612/-.Key Transaction Details...

CuraTeQ Biologics Receives Marketing Authorization from CDSCO for Bevacizumab Biosimilar Bevqolva® Aurobindo Pharma Limited has announced that its wholly owned subsidiary, CuraTeQ Biologics Private Limited, has received Marketing Authorization from the Central Drugs Standard Control Organization (CDSCO). The authorization pertains to Bevqolva®, a bevacizumab biosimilar.The Marketing Authorisation, granted under Form CT 23, indicates that Bevqolva® is designed for the treatment of metastatic carcinoma of the colon or rectum.The clearance allows for the manufacture of the product at CuraTeQ’s facility located in Hyderabad. Furthermore, the authorization permits the marketing of Bevqolva® in two specified presentations: 100 mg/4mL and...

Tata Motors Acquires 18% Stake in Freight Tiger to Build Digital Logistics Ecosystem Tata Motors Limited has acquired a significant minority stake in Freight Commerce Solutions Private Limited, operating under the name Freight Tiger. The acquisition, completed through a secondary purchase from existing shareholders, aims to help establish a comprehensive, end-to-end digital ecosystem for the entire logistics value chain.The company acquired an approximate 18% equity stake in Freight Tiger from existing shareholders, including Lightspeed India Partners I, LLC, Florintree Infra LLP, and Mr. Swapnil Shah. For this acquisition, Tata Motors paid an aggregate consideration of approximately ₹95.66 crore.Following the successful completion...

Vaidya Sane Ayurved Laboratories Approves Acquisition of Parasnath Healthcare and Releases FY 2026 Financial Results Vaidya Sane Ayurved Laboratories Limited announced key strategic decisions and approved its financial results for the fiscal year ending March 31, 2026. The Board of Directors held a meeting on May 15, 2026, and took several material actions, including the proposed acquisition of Parasnath Healthcare (OPC) Private Limited and the formalization of a subsidiary relationship.The Company's Board approved the audited Annual Standalone and Consolidated Financial Results and Statements for the half year and the full year ended March 31, 2026, accompanied by a declaration of Unmodified opinion from the statutory auditors...

Kay Cee Energy & Infra Announces Audited Financial Results for Half Year and Full Year Ended March 31, 2026 Kota, Rajasthan, May 15, 2026: Kay Cee Energy & Infra Limited (KCEIL), a leading EPC solutions provider in power transmission and distribution infrastructure, has announced its audited financial results for the half year and full year ended March 31, 2026.The company provided key financial highlights reflecting its performance across the fiscal year (FY26) and the half year (H2 FY26).According to the financial data, the performance metrics are as follows:MetricFull Year (FY26)Half Year (H2 FY26)Total Revenue₹16,559 lakhs₹ 8,157 lakhsEBITDA₹3,305 lakhs₹1,695 lakhsProfit After Tax (PAT)₹1,878 lakhs₹960 lakhsBasic...

RBI Slaps ₹3.10 Lakh Penalty on IIFL Finance Over Critical Gold Auction Deficiencies The Reserve Bank of India (RBI) has levied a significant monetary penalty against IIFL Finance Limited. The penalty, amounting to ₹3.10 lakh (Rupees Three Lakh Ten Thousand only), has been imposed for systemic non-compliance with established regulatory guidelines.This action underscores the regulator's vigilance regarding operational adherence by Non-Banking Financial Companies (NBFCs). The order, dated May 11, 2026, was issued under the powers vested in the RBI through sections of the Reserve Bank of India Act, 1934.Understanding the Basis for the Regulatory Penalty The penalty action was initiated following a statutory inspection conducted by the...

Lemon Tree Hotels Signs New Property in Bhubaneswar, Deepening Presence in Odisha Lemon Tree Hotels Limited, a major player in India's hospitality sector, has announced the signing of a new property, the Lemon Tree Hotel, in Satya Nagar, Bhubaneswar, Odisha. This development marks the third location for the group in Bhubaneswar, underscoring its strong commitment to the city's growing market potential.The newly signed property will be managed by Carnation Hotels Private Limited, which is a wholly-owned subsidiary of Lemon Tree Hotels Limited. The hotel is designed to offer a comprehensive stay experience, featuring 50 well-appointed rooms alongside various amenities including a restaurant, banquet hall, meeting room, swimming pool...

Amber Enterprises India Announces Financial Results for Quarter and Year Ended March 31, 2026 Amber Enterprises India Limited announced the approval of its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors convened its meeting on May 15, 2026, to review and approve the annual and quarterly statements.The Group reported total income for the quarter ended March 31, 2026, at 4,16,117.61, and total income for the full year at 10,11,541.20.Audited Financial Status and Qualifications The Company reported that the Statutory Auditors issued an unmodified opinion on the audited standalone financial results. However, the consolidated financial results received...

ENIL Reports FY26 Results: Digital Revenue Surges 84%, Driving Portfolio Shift Entertainment Network (India) Limited (ENIL), the operator of Radio Mirchi and the streaming platform Gaana, announced its audited financial results for the Full Year and Fourth Quarter ended March 31, 2026. The results highlight significant growth in the digital segment, reinforcing the company's transformation momentum.ENIL reported consolidated revenues of ₹565 crore for the Financial Year 2026, marking a 3.9% year-on-year growth. Domestic revenues for the full year rose by 4.0% to ₹548 crore. For the fourth quarter, consolidated revenues stood at ₹142 crore, with domestic revenues reaching ₹139 crore.The company’s digital business emerged as a key...

Western Overseas Study Abroad Ltd Wins 'Highflyer Key Partner - 1st Runner Up' Award from Pearson PTE Western Overseas Study Abroad Ltd, formerly known as Western Overseas Study Abroad Private Limited, has received the prestigious 'Highflyer Key Partner - 1st Runner Up' Award presented by Pearson PTE. The recognition also acknowledged the company's CMD, Mr. Pardeep Balyan.The award signifies the company's continuous dedication toward excellence in the overseas education consultancy services sector. It further acknowledges the trust and support provided by the company’s valued students, parents, clients, and business partners.The organization reaffirmed its commitment to the industry, stating that it remains focused on providing...

RBI Data Reveals Steady Foreign Reserves and Consistent Credit Flow Amid Liquidity Management Foreign Exchange Reserves Maintain Strong Trajectory Despite Mid-Year Fluctuations The Reserve Bank of India (RBI) data reveals that India’s foreign exchange reserves have maintained a robust standing, despite some weekly fluctuations. Total reserves stand at a significant level, offering a solid buffer against global market volatility.Analyzing the weekly variation, Total Reserves show a decrease of ₹ 18,250 Cr. (or $562 Mn.) over the week ending May 08, 2026. However, year-on-year figures provide context, with total reserves reaching ₹ 689,044 Cr. by the end of March 2026, reflecting careful management.The portfolio breakdown shows that...

Balrampur Chini Mills Reports Q4 FY26 Results, Highlights PLA Plant Expansion and Stable Performance Balrampur Chini Mills Limited (BCML), a major integrated sugar manufacturer in India, announced its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported a stable performance for the quarter, citing improvements in sugar volumes alongside a marginal rise in sugar realization.Speaking on the performance for Q4 FY26, Mr. Vivek Saraogi, Chairman and Managing Director of BCML, noted that the sugar segment maintained stable performance despite an approximately 8% year-on-year hike in sugarcane prices, rising from Rs. 370/qtl. to Rs. 400/qtl. by the U.P. Government. Although the price increase...

Tata Consultancy Services Unveils Sustainability Report for FY 2025-26, Highlighting ESG Commitments Tata Consultancy Services Limited (TCS) has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing the company's performance, policies, and commitment to material environmental, social, and economic impacts. The report integrates the company's efforts toward sustainable value creation for stakeholders.TCS emphasizes that its operational environment is guided by four core pillars: carbon emission mitigation, water conservation and recycling, waste reduction and recycling, and biodiversity preservation. The detailed disclosures are mapped against the National Guidelines for...

RBI Slaps ₹5.80 Lakh Penalty on Appnit Technologies for Critical KYC and PPI Compliance Breaches The Reserve Bank of India (RBI) has leveled a monetary penalty against Appnit Technologies Private Limited for significant failures in adhering to mandated Know Your Customer (KYC) and Prepaid Payment Instrument (PPI) guidelines. The penalty, amounting to ₹5.80 lakh (Rupees Five Lakh Eighty Thousand only), was imposed via an order dated May 11, 2026.This action was taken under the powers granted to the RBI by section 30(1) read with section 26(6) of the Payment and Settlement Systems Act, 2007. The regulatory penalty targets fundamental deficiencies in the company's statutory and operational compliance.Details of the Compliance...

Abans Financial Services Releases Audited Financial Results for Fiscal Year Ending March 31, 2026 Abans Financial Services Limited announced the audited financial results for the quarter and year ended March 31, 2026. The Company's Board of Directors approved the financial results, including the associated Audit Reports, on May 15, 2026.The audit reports confirm an unmodified opinion on the Standalone and Consolidated Financial Results for the year ended March 31, 2026.Consolidated Financial Results Overview The Consolidated Financial Results provide a comprehensive view of the Group's performance. The total income of the Group for the year ended March 31, 2026, was Rs 23,87,915.71 lakhs, compared to Rs 3,28,314.31 lakhs for the...

Lemon Tree Hotels Launches Keys Select by Lemon Tree Hotels, Marking Entry into Assam Lemon Tree Hotels Limited, a leading hospitality company in India, has inaugurated Keys Select by Lemon Tree Hotels in Chirang, Assam. This opening marks the group's first hotel presence in Assam, reinforcing its commitment to building a sustained hospitality footprint across Northeast India.The new property is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.Strategic Location and Market Presence Situated on NH-31C, the Keys Select property is strategically positioned along the Chirang -Bongaigaon corridor. This region is noted for its growing economic and infrastructure momentum, driven by...

Ola Electric Mobility Ltd Reschedules Board Meeting to Approve Q4 and FY26 Results Ola Electric Mobility Ltd has rescheduled its Board Meeting, originally set for May 18, 2026. The change was made due to certain scheduling constraints.The Board Meeting is crucial for the consideration and approval of the Company's audited standalone and consolidated financial results for the fourth quarter and the financial year ending March 31, 2026.Previously scheduled for Monday, May 18, 2026, the meeting has been moved to Wednesday, May 20, 2026.The rescheduled meeting pertains to the review of the audited standalone and consolidated financial results of the Company for the quarter and financial year concluded March 31, 2026.OLAELEC Stock...

Dr. Reddy's Launches Generic Semaglutide Injection in Canada, Marking G7 Milestone Dr. Reddy's Laboratories Ltd. announced the launch of its generic Semaglutide Injection in Canada on May 15, 2026. The launch follows the company's receipt of the Notice of Compliance (NOC) from Health Canada on April 28, 2026, positioning Dr. Reddy's as a key provider of advanced diabetes care in the Canadian market.Dr. Reddy's is noted as the first company to achieve Health Canada approval for generic Semaglutide Injection in Canada, making Canada the first G7 country to grant market authorization for the drug. This development underscores the company's readiness to ensure patient access following regulatory approval.The Semaglutide Injection in...

Sterling Tools Reports FY26 Results, Highlights Growth in Fasteners and E-Mobility Ventures Sterling Tools Limited announced its Investor Presentation for the fourth quarter and financial year ended March 31, 2026, detailing the company's performance and strategic advancements across its diverse segments.The company reported significant operational and financial milestones during the fiscal year. In its core standalone fasteners business, Sterling Tools saw strong performance, achieving revenue growth of 11.4% year-over-year (YoY) to INR 725.9 crore. EBITDA for the standalone fasteners business rose by 17.1% YoY to INR 111.0 crore, with EBITDA margins improving to 15.3%. Profit before exceptional items grew by 27.6% YoY to INR 74.0...