Markets

RBI Cracks Down: Over 150 NBFCs Face Operations Halt as RBI Cancels Certificates In a significant regulatory move, the Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) for 150 Non-Banking Financial Companies (NBFCs). The action, detailed in a press release dated May 14, 2026, signals a major tightening of oversight across the NBFC sector.The RBI exercised powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. This sweeping move immediately prohibits these entities from transacting business as a Non-Banking Financial Institution.Regulatory Clampdown on Non-Banking Entities The cancellation of the Certificates of Registration is a powerful regulatory step. It strips the...

Fertilizers and Chemicals Travancore Limited Commences Di-Ammonium Phosphate Production Fertilizers and Chemicals Travancore Limited (FACT) has announced the commencement of Di-Ammonium Phosphate (DAP) production from its Udyogamandal plant, effective May 15, 2026.The company confirmed that the production of DAP began at its Udyogamandal facility starting May 15, 2026.This operational update follows prior permission granted to FACT for the manufacturing of Di-Ammonium Phosphate (DAP) by the Department of Fertilizers, Ministry of Chemicals and Fertilizers, Government of India.FACT Stock Price Movement Today, Fertilizers and Chemicals Travancore Limited shares edged higher to close at ₹879.6, marking a gain of 1.09% on a volume of...

Indian Overseas Bank Reduces Base Rate by 10 Basis Points Indian Overseas Bank (IOB) announced a revision to its Base Rate, effective May 15, 2026. Following a review conducted by the Assets and Liabilities Management Committee, the bank decided to reduce the Base Rate by 10 basis points.The bank confirmed that the effective base rate will stand at 9.70% until a further review is conducted. This decision marks the formal reduction of the bank's key lending benchmark.IOB Stock Price Movement Today, Indian Overseas Bank shares edged higher, settling at ₹33.82 after gaining 0.42% in after-hours trading. The stock saw significant investor interest, trading a total of 2.24 million shares throughout the day.

Munger Link Highway Subsidiary Executes Concession Agreement for NH-33 Project G R Infraprojects Limited announced that its wholly owned subsidiary, Munger Link Highway Private Limited, has executed a concession agreement with the National Highways Authority of India. This agreement pertains to a major infrastructure development in Bihar.The concession focuses on the construction of a 4 lane Greenfield Section of NH-33. The project segment spans from Mokama (Design Ch. 0+000) to Munger (Design Ch. 82+400) in the state of Bihar.The project will be executed using the Hybrid Annuity Mode (HAM). According to the details provided, the estimated project cost for this undertaking is 2440.87 INR crores, excluding Goods and Services Tax...

Visa Steel Limited to Change Name and Symbol to VISA Chrome Limited Visa Steel Limited will undergo a name and symbol change, transitioning from Visa Steel Limited to VISA Chrome Limited. The updated identity and symbol are scheduled to be effective starting May 20, 2026.The company, which previously operated under the name Visa Steel Limited, is officially changing its market representation. The transformation includes a new corporate name and a corresponding symbol for trading purposes.The details of the change are as follows:AttributeExisting DetailNew DetailCompany NameVisa Steel LimitedVISA Chrome LimitedSymbolVISASTEELVISACHROMEThis change in name and symbol for Visa Steel Limited, making it VISA Chrome Limited...

Kalpataru Projects Approves FY2026 Results, Recommends Dividend, and Gains Guarantee for Subsidiary Kalpataru Projects International Limited announced on May 14, 2026, that its Board of Directors approved the Audited Financial Statements for the financial year ended March 31, 2026, alongside the audited results for the quarter and year ended the same date, for both standalone and consolidated entities.During the meeting, the Board also recommended a final Dividend of Rs. 11 per Equity share, representing 550% of the face value of Rs. 2 per share, for the fiscal year 2025-26. This dividend recommendation is subject to approval by the shareholders at the ensuing Annual General Meeting (AGM).Subsidiary Guarantee for Hedging In a major...

K.P.R. Mill Limited Reports Consolidated Financial Results and Highlights Vertical Integration Strength K.P.R. Mill Limited, a leading vertically integrated apparel manufacturer in India, has reported its consolidated financial results for the period ending March 31, 2026. The company operates through 12 hi-tech manufacturing facilities and employs over 30,000 people, exporting to major international brands.The company emphasized its strategic position within the textile sector, noting that the industry is a formidable presence in the Indian economy, ranking next to Agriculture. It provides employment to around 50 million people, accounts for 20% of the total industrial production, and contributes 30% of the total value of exports...

Andhra Cements, OneSource Pharma, and Shree Vijay Industries Report Financial Results Several companies announced their quarterly and annual financial results, providing key insights into the performance metrics for the period ending March 31, 2026.Andhra Cements Limited, a subsidiary of Sagar Cements Limited, reported its Statement of Financial Results for the quarter and year ended March 31, 2026.According to the company's filings, the performance metrics are as follows:ParticularsQuarter ended 31. 03.2026 (Audited)Quarter ended 31. 2025 (Un-audited)Year ended 31.03.2026 (Audited)Year ended 31.03.2025 (Audited)Total Income75.4838.34g44.249Net Profit/(Loss) for the period before tax and exceptional...

Muthoot Finance Reports Record Financial Results for FY26; Consolidated Profit Rises 98% Muthoot Finance Limited announced its audited financial results for the quarter and year ended March 31, 2026. The Group reported significant growth across its key verticals, reaching historic milestones in both loan portfolio size and profitability.The Group’s consolidated performance demonstrated robust growth, with Consolidated Loan Assets Under Management (AUM) growing 49% year over year (YoY) to ₹ 1,81,916 crores as of March 31, 2026. Furthermore, the Consolidated Profit after Tax saw an impressive increase of 98% YoY, reaching ₹ 10,607 crores.On a standalone basis, the Company achieved a Standalone Loan AUM of ₹ 1,62,826 crores as on March...

Navkar Corporation Limited Receives Order Granting Immunity from Tax Penalty for AY-2024-25 Navkar Corporation Limited announced today that it has received an order under Section 270AA of the Income Tax Act, 1961, pertaining to the Assessment Year 2024-25. The company reported that the order grants immunity from the imposition of a penalty.The tax order was received by the company on May 13, 2026. The details indicate that the company had initially received a Show Cause Notice (SCN) concerning the imposition of a penalty due to additions made in the Assessment order. Following this, Navkar Corporation Limited filed an application seeking immunity from the penalty, which was subsequently granted by the authority.The specific details...

Tata Motors Passenger Vehicles Board Approves Share-Based Incentive Scheme 2026 Tata Motors Passenger Vehicles Limited, formerly Tata Motors Limited, has announced that its Board of Directors approved a new employee incentive framework. Based on the recommendation of the Nomination and Remuneration Committee, the Board adopted the 'Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive Scheme 2026' during its meeting held on May 14, 2026.The approval of the scheme, which is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, involves granting eligible employees up to 50,00,000 Equity Shares of the Company.The allotment of these shares, if implemented, could result in a...

Creative Newtech Limited Announces Audited Results for FY 2026 and Names New Chief Financial Officer Creative Newtech Limited announced on May 14, 2026, that its Board of Directors had considered and approved the company's audited financial results for the quarter and full financial year ended March 31, 2026. The company also announced the appointment of Mr. Ajit Thakur as its Chief Financial Officer and Key Managerial Personnel.The Board meeting, held on May 14, 2026, confirmed the audited results and recommended a final dividend to the shareholders. The company further recommended a final dividend of Re. 0.50 (Fifty Paise only) per Equity share of face value of Rs. 10 each for the financial year ended March 31, 2026, subject to...

Nilkamal Limited Announces FY26 Results, Recommends Final Dividend of Rs 20 Per Share Nilkamal Limited announced the approval of its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The Board of Directors also recommended a final dividend of Rs 20 per equity share for FY26, pending approval from the shareholders at the upcoming Annual General Meeting (AGM).The company reported robust growth across its segments, with revenue reaching 3,686 crores standalone for the fiscal year 2025-26, marking a 14% increase. Earnings Before Interest, Depreciation, and Taxes (EBIDT) increased by 14% to approximately 320 crores, while Profit Before Tax (PBT) stood at about 135 crores.Financial...

Cellecor Gadgets Limited Reports Strong Financial Performance, Targets Global Expansion Cellecor Gadgets Limited, a fast-scaling force in consumer electronics, announced comprehensive updates detailing its performance and strategic expansion plans across India and globally. The company, which delivers end-to-end solutions in mobile phones, consumer electronics, wearables, audio devices, and home appliances, highlighted a year of significant growth driven by its multi-channel ecosystem.The company reports its commitment to redefining modern living by integrating technology across various categories, including smart home appliances, kitchen appliances, and IT accessories.Financial Performance Overview Cellecor Gadgets Limited reported...

LT Foods Approves FY 2025-26 Financial Results, Recommends Dividend, and Names Additional Independent Director LT Foods Limited announced the outcome of its Board of Directors meeting held on May 14, 2026, confirming the approval of its audited financial results for the quarter and financial year ended March 31, 2026. The Board also recommended a final dividend and approved the appointment of a new Additional Independent Director.The Board reviewed and approved the Audited Standalone and Consolidated Financial Results of the Company for the financial year 2025-26. The Statutory Auditors issued an Audit Report on the aforementioned financial results with an unmodified opinion.In a key governance decision, the Board also recommended a...

Grand Foundry Limited Files Request for Re-classification of Promoter Group Members Grand Foundry Limited announced a request for the re-classification of three individuals from the 'Promoter/Promoter Group' category to the 'Public' category. The request details the names and PANs of the individuals involved, following an application submitted on April 23, 2025.The company has detailed the three persons seeking this change in status. The individuals and their corresponding Permanent Account Numbers (PANs) are listed below:Sr. No.Name of Promoter Seeking ReclassificationPAN1Ms. Heena Ashok MehtaAFOPM1842H2Ms. Minal Kiran JanglaAACPJ5635L3Ms. Namita Hiten JanglaAAFPJ0662EThe company noted that the details of the...

Tata Motors Passenger Vehicles Reports Q4 FY26 Results; Profitability Impacted by JLR Headwinds Tata Motors Passenger Vehicles Limited announced its consolidated financial results for the fourth quarter and full year ending March 31, 2026. The results reflect resilient performance in the domestic market, particularly within the Passenger Vehicle (PV) segment, while the Jaguar Land Rover (JLR) business grappled with multiple global headwinds.The Board of Directors also recommended a final dividend of ₹ 3.00 per Equity Share of ₹2 each, subject to shareholder approval. Furthermore, the Board fixed Wednesday, July 8, 2026, as the date for the company's 81st Annual General Meeting (AGM).Consolidated Financial Performance For the quarter...

Shadowfax Crosses ₹100 Cr Annual PAT Milestone; Reports ₹4,202 Cr Revenue for FY26 Bengaluru, May 14, 2026: Shadowfax, the third-party logistics (3PL) company, announced its audited financial results for the quarter and year ended March 31, 2026. The company reported significant milestones, including surpassing the ₹100 crore Profit After Tax (PAT) mark for the fiscal year, alongside robust revenue growth.For the full fiscal year 2026 (FY26), the company recorded a revenue of ₹4,202 crore, representing a substantial 69% year-over-year (YoY) growth. Total Profit After Tax (PAT) for FY26 reached ₹112 crore, marking a sharp improvement from ₹6 crore in FY25. Adjusted EBITDA for the year stood at ₹159 crore, showing a 227% YoY growth...

SEPC-Furlong JV Secures Rs 521.46 Cr. EPC Sub-contract for UP Road Upgrade SEPC Limited's unincorporated joint operation, SEPC-Furlong JV, has finalized a significant engineering, procurement, and construction (EPC) sub-contract. The contract was awarded by M/s. Shalimar Corp Limited (SCL).The project involves the widening and upgradation of the Shahjahanpur -Bisalpur section in Uttar Pradesh to a four-lane configuration.SEPC-Furlong JV has received a Letter of Award (LOA) for this massive infrastructure undertaking. The total consideration for the project is structured on a lump-sum turnkey basis.The financial details of the contract are as follows:DetailValueProject ScopeWidening / Upgradation to four lane configuration...

Capri Global Capital Crosses 1,000 Gold Loan Branches, Strengthening Nationwide Credit Access Capri Global Capital Ltd., a prominent non-banking financial company (NBFC), has announced a major milestone in its Gold Loan business, confirming that its branch network has expanded to exceed 1,000 locations across India. This expansion reinforces the company’s ability to provide accessible and timely credit solutions in both urban, semi-urban, and rural markets.With its operations now spread across 16 states and union territories, the company is enhancing last-mile credit access. This extensive footprint enables customers to secure quick, secure, and transparent gold-backed financing closer to their homes, thereby strengthening Capri...