Markets

Railtel Secures Work Order Worth Rs. 43.96 Crore from Uttar Pradesh Police Recruitment Board Railtel Corporation Of India Limited has secured a significant work order from the Uttar Pradesh Police Recruitment And Promotion Board. The contract involves providing essential security-related ancillary services during the recruitment examination process.The services fall under the domain of providing security-related ancillary services, with the contract remaining within the domestic sector. The Board has awarded the work order, which mandates the execution of services up to April 12, 2028.The total size of the order, including tax, amounts to Rs. 43,96,34,195/-.The primary details of the secured contract are presented below...

Nelco Ltd Board to Review FY 2026 Financial Results and Recommend Dividend Nelco Ltd announced that its Board of Directors is scheduled to convene a meeting on Monday, April 20, 2026. The meeting is set to address the audited financial performance of the company for the fiscal year and quarter ended March 31, 2026.The primary objectives of the Board meeting include considering and taking on record the audited financial results, both standalone and consolidated, for the period ending March 31, 2026. Furthermore, the Board is tasked with recommending a dividend, if any, for the financial year that concluded on March 31, 2026.In addition to the strategic review, Nelco Ltd also informed the public that, in line with the Company's Code...

Foreign Institutional Investors (FIIs) have withdrawn a staggering $18 billion from Indian equities since the outbreak of the Iran conflict. This massive capital flight has seen the Nifty plunge more than 9% from its 52-week high. What was once hailed as the world's premier emerging market growth story is rapidly transforming into what some are calling a "no-go" zone.Global capital is fleeing due to intense capital flow pressures and mounting energy price volatility. While the sharp market correction has technically brought valuations down to fair levels, institutional desks are reportedly hesitant. The underlying math for dollar-based investors appears to be fundamentally broken, sparking urgency among market observers.Global...

Advance Metering Technology Announces Demise of Promoter and Whole Time Director Advance Metering Technology Ltd confirmed the sudden demise of its Promoter, Chairman, and Whole Time Director, Mr. Pranav Kumar Ranade. The passing was reported on April 14, 2026, following Mr. Ranade’s sad demise on April 13, 2026.Mr. Pranav Kumar Ranade held the role of Promoter and Whole Time Director, having been appointed to these positions effective November 9, 2023. During his tenure, he played crucial leadership roles that significantly benefited the company.The company confirmed that Mr. Ranade was a Promoter holding a substantial stake in the firm. His shareholding details are as follows:NamePromoter / Promoter GroupCategoryNo. of...

DCX Systems, Raneal Advanced Systems Receive Purchase Orders Valuing INR 31.64 Crores DCX Systems Ltd reported receiving purchase orders from its customers in the normal course of business, amounting to INR 17.45 Crores. The orders primarily relate to the manufacture and supply of Cable and Wire Harness Assemblies for both domestic and international customers.In addition to the parent company, the company's Wholly Owned Subsidiary, M/s. Raneal Advanced Systems Pvt. Ltd., also secured significant business orders. Raneal Advanced Systems received purchase orders totaling INR 14.19 Crores. These orders are specific to the manufacture and supply of Printed Circuit Board Assemblies, directed toward domestic and international customers...

Cyient Ltd. Board to Meet on April 23 to Consider Financial Results and Equity Buyback Cyient Ltd. has scheduled a meeting of its Board of Directors for Thursday, 23 April 2026. The meeting is set to address several key corporate actions, including the approval of audited financial results for the fiscal year ended 31 March 2026, the recommendation of a potential final dividend, and the consideration of an equity share buyback proposal.During the meeting, the Board will first take on record the audited financial results of the Company and its subsidiaries for the quarter and the year ended 31 March 2026. These results are reported under Indian Accounting Standards (Ind AS).Furthermore, the Board is scheduled to consider and...

Jio Financial Services Ltd. To Present Financial Results for FY 2026 on April 17 Jio Financial Services Ltd. has announced that it will host a presentation to analysts detailing the financial results for the quarter and the year ended March 31, 2026. The session is scheduled for April 17, 2026, at 19:30 hours IST, following the Company’s Board meeting.The presentation will provide stakeholders with comprehensive insights into the firm's performance across the period culminating in March 31, 2026.Key details regarding the financial results presentation are as follows:EventDetailCompanyJio Financial Services Ltd.SubjectPresentation on Financial ResultsPeriod CoveredQuarter and Year ended March 31, 2026DateApril 17...

Wipro Limited to Announce Q4 Results for Quarter Ended March 31, 2026, on April 16 Wipro Limited, a leading AI-powered technology services and consulting company, has scheduled the announcement of its results for the fourth quarter ended March 31, 2026. The company confirmed that the results will be released on Thursday, April 16, 2026, after stock market trading hours in India.The company’s senior management will host an Earnings Conference Call immediately following the results announcement to discuss the quarter’s performance and address questions.The Earnings Conference Call, originally planned for 7:00 PM IST (9:30 AM US Eastern Time), has been revised. The new schedule is set for 7:45 PM IST (10:15 AM US Eastern time).During...

ACME Solar Subsidiary Commissions Final 4 MW, Reaching Full 100 MW Wind Power Capacity ACME Eco Clean Energy Private Limited, a subsidiary of Acme Solar Holdings Limited, successfully commissioned an additional 4 MW segment of its wind power project. This achievement, confirmed on April 13, 2026, marks the attainment of the project's full 100 MW capacity.The commissioned power project is located in Village: Titoda, Taluka: Sayla, Dist: Surendaranagar, Gujarat.The commissioning process was formally witnessed and confirmed by officials from the Gujarat Energy Development Agency (GEDA) and Paschim Gujarat Vij Company Limited (PGVCL). The company expects the formal certificate to be issued shortly.With the successful addition of the 4...

Bluspring Enterprises Completes Acquisition of LSG Sky Chefs India to Enter Aviation Catering Sector Bluspring New Horizon Two Private Limited, a wholly owned subsidiary of Bluspring Enterprises Limited, has entered into an agreement for the acquisition of 100% of the paid-up share capital of LSG Sky Chefs India Private Limited. The transaction was finalized via a Share Purchase Agreement (SPA) executed on April 13, 2026.The acquisition involves Bluspring New Horizon Two Private Limited dealing with Airline Catering and Retail Invest Asia Pacific Limited and Alfred Anton Rigler, who are the sellers. The transaction is structured as a cash consideration payment, subject to customary closing and post-closing adjustments.This strategic...

Lemon Tree Hotels Expands Portfolio to 269 Properties with 56 New Signings and 20 Openings in FY 2025-26 Lemon Tree Hotels Ltd., India's leading mid-priced hotel chain, reported significant growth in its portfolio during the fiscal year 2025-26. The company achieved this momentum through 56 new signings and the opening of 20 hotels, reinforcing its transition toward a disciplined, asset-light growth model.The company's active operational portfolio now exceeds 130 hotels, managing over 11,000 keys across 80 destinations. This capital-efficient strategy allows Lemon Tree Hotels to scale rapidly while maintaining strong operational consistency and partner alignment.The expansion saw a clear focus on high-growth urban markets, Tier II...

CARE Ratings Assign/Reaffirm Ratings for SAMHI Hotels Ltd. and Subsidiaries CARE Ratings Limited has issued ratings for the bank facilities of SAMHI Hotels Limited (SHL) and its subsidiaries, Argon Hotels Private Limited and Bargue Hotels Private Limited. The ratings cover various long term and short term bank facilities.According to the ratings provided, SAMHI Hotels Limited received confirmation and assignment of ratings for its bank facilities.The ratings for SAMHI Hotels Limited are detailed as follows:FacilitiesAmount (INR crore)RatingRating ActionLong Tem Bank Facilities228.32CARE A+; StableReaffirmedLong Term / Short Term Bank Facilities50CARE A+; Stable/ CARE AlAssignedLong Term / Short Term Bank...

Reliance Retail Stakes Off 100% Ownership in RPPMSL for Rs 274 Crore Reliance Retail Limited (RRL), a step-down subsidiary of Reliance Industries Limited, has completed the sale of its entire 100% equity stake in Reliance Projects & Property Management Services Limited (RPPMSL). The transaction sees the buyer, Jaipur Enclave Private Limited, acquire the stake for an aggregate consideration of Rs 274 crore.With the completion of this sale, RPPMSL will cease to be a subsidiary of Reliance Industries Limited. The company confirmed that the buyer, Jaipur Enclave Private Limited, is not affiliated with the promoter, promoter group, or group companies of Reliance Industries Limited.The transaction has been identified as not being a...

Poonawalla Fincorp Successfully Raises ₹2,500 crore Through Qualified Institutions Placement Poonawalla Fincorp Limited (PFL) has announced the successful completion of its Qualified Institutions Placement (QIP), raising a total of ₹2,500 crore. The capital infusion, which saw strong participation from institutional investors and long-term funds, is earmarked to support growth opportunities, expand PFL's lending operations, and further diversify its asset portfolio.The QIP was executed over a period beginning on April 9, 2026, and concluding on April 13, 2026. The subscription was drawn from a diversified pool of institutional investors, including Foreign Institutional Investors (FIIs), Domestic Mutual Funds (MFs), and Domestic...

5Paisa Capital Announces Allotment of Shares Following Rights Issue 5Paisa Capital Limited announced the finalization of its rights issue through its Board of Directors meeting held on Monday, April 13, 2026. The meeting considered and approved the allotment of Rights Equity Shares to eligible equity shareholders.The Board had previously approved the raising of funds by way of a rights issue to the eligible equity shareholders of the company. The detailed terms of the rights issue were set out in a letter of offer dated March 12, 2026.Under the initial offer, the company offered up to 15,627,419 equity shares, each having a face value of ₹10. The rights equity shares were offered at an issue price of ₹300 per share, which includes a...

Jonjua Overseas Limited Establishes Charitable Trust for Corporate Social Responsibility Initiatives Jonjua Overseas Limited, a company listed on the BSE SME, has formed a charitable trust to manage and execute its Corporate Social Responsibility (CSR) activities. The initiative reflects the company's commitment to sustainable and responsible corporate citizenship.The new entity, named 'JONJUA CSR TRUST,' was officially registered on April 13, 2026. This charitable trust was created specifically for charitable purposes to ensure effective utilization of CSR funds and benefit the public at large.The establishment of the Trust aligns with the company's stated CSR Policy and is designed to guide its philanthropic endeavors. The trust's...

Fino Payments Bank Reports Operational Stability Despite MD & CEO’s Temporary Unavailability Fino Payments Bank Ltd. confirmed that its operations remain stable and uninterrupted, assuring stakeholders that it continues to serve customers and stakeholders in the normal course of business. The Bank also provided updates on its management structure and noted strong performance in its deposit and lending segments.The Bank issued a statement regarding the unavailability of Mr. Rishi Gupta, the Managing Director & CEO. The unavailability, which spanned a period of more than 45 days within a rolling 90-day period, was attributed to the pending re-assessment of his fit and proper status.Previously, the Bank had disclosed that Mr. Rishi...

Poonawalla Fincorp Limited Finalizes Qualified Institutions Placement of Equity Shares Poonawalla Fincorp Limited announced that its Committee of Directors concluded a meeting on April 13, 2026, approving the closure and details of its placement of fully paid-up equity shares to qualified institutional buyers (QIBs).The Board of Directors approved several key resolutions related to the placement of Equity Shares. The Company confirmed that the Issue concluded on April 13, 2026, following the receipt of application forms and funds in the escrow account from eligible qualified institutional buyers.The committee determined and approved the financial parameters of the Issue, which included:Issue Price: ₹ 370.75 per Equity Share...

Parin Enterprises Unveils Audited Financial Results for Half Year and Year Ended March 31, 2026 Parin Enterprises Limited, formerly Parin Furniture Limited, has released its audited financial results and comprehensive financial statements for the half year and the full year ended March 31, 2026. The company’s Board of Directors approved these results at a meeting held on April 13, 2026.The audited financial results were reviewed by statutory auditors, M/s. K P Bhansali & Co., who issued an unmodified opinion on the Standalone and Consolidated Financial Results.Consolidated Financial Performance The company’s consolidated financial results reflect robust activity across its segments. For the year ended March 31, 2026, Parin...

Acme Solar Commissions Fourth Phase of BESS Project in Rajasthan Acme Solar Holdings Limited, through its wholly owned subsidiary ACME Surya Power Private Limited, has successfully commissioned the fourth phase of its Battery Energy Storage System (BESS) Project. This significant operational expansion enhances the company's renewable energy storage capabilities in Rajasthan.The fourth phase of the BESS Project, located at Village: Jaimalsar, Dist: Bikaner, State: Rajasthan, boasts a capacity of 32.366 MW and 145.435 MWh.The commissioning of this final phase occurred on April 13, 2026. Correspondingly, the Commercial Operation Date (COD) for the stated Phase-IV has been set for April 15, 2026.The successful commissioning of this...