Markets

Onix Solar Energy Ltd to Hold Board Meeting on April 17, 2026, to Consider Fundraising Proposals Onix Solar Energy Ltd, formerly known as ABC GAS (INTERNATIONAL) LIMITED, has scheduled a meeting of its Board of Directors to discuss strategic financial initiatives. The meeting is set for Friday, April 17, 2026, and will be conducted via video conference.The primary focus of the board meeting is a proposal regarding the raising of funds. The board plans to consider the issuance of equity shares and/or other permissible securities. This fundraising effort could include a rights issue or utilize any other mode permitted under applicable law.Additionally, the agenda allows for the discussion of any other items with the permission of the...

Adani Total Gas Ltd Receives Care Edge - ESG 1+ Rating from CARE ESG Ratings Adani Total Gas Ltd announced on April 13, 2026, that it has received a significant environmental, social, and governance (ESG) rating from CARE ESG Ratings Limited.The ratings agency assigned the company a rating of 'Care Edge - ESG 1+' with a score of 83.3.The 'Care Edge - ESG 1+' designation is noted as indicating a leadership position in managing ESG risk. This status is attributed to the company's commitment to best-in-class disclosures, policies, and performance across ESG parameters.ATGL Stock Price Movement Adani Total Gas Limited shares today slipped by 1.39% to settle at ₹572.4. The equity closed on a volume of 4.87 million shares, having ranged...

Canara HSBC Life Insurance Enters Corporate Agency Agreement with Odisha Grameen Bank for Product Distribution Canara HSBC Life Insurance Company Limited announced on April 13, 2026, that it has formalized a Corporate Agency Agreement with Odisha Grameen Bank. The partnership aims to expand the reach of the company’s insurance products through the bank’s network.The agreement establishes Odisha Grameen Bank, a Regional Rural Bank licensed by the Reserve Bank of India, as a key partner for the distribution of Canara HSBC Life Insurance Company Limited’s insurance portfolio.Under the terms of the Corporate Agency Agreement, the company confirmed that it will pay commission to Odisha Grameen Bank, calculated as per the Company’s Board...

Elpro International Ltd Acquires Equity Shares of DLF Limited Elpro International Ltd has announced the acquisition of equity shares in DLF Limited. The company initiated the transaction with the stated purpose of investment.The acquisition details indicate that Elpro International Ltd acquired 1,06,000 equity shares of DLF Limited. This marks the company's total holding, having previously held nil equity shares. The cost of this acquisition was determined to be INR 6.01 Crores. The transaction utilized cash consideration.DLF Limited, which falls under the Residential Commercial Projects industry, is described as India's largest publicly listed real estate company. The company's operations span 15 states and 24 cities, developing...

GAIL to Set Up 600 MW Solar Project in Uttar Pradesh GAIL (India) Limited, a Government of India Undertaking and a Maharatna Company, announced the approval of a major renewable energy initiative. The company's Board of Directors approved the setting up of a Greenfield 600 MW Solar Project in Uttar Pradesh during a meeting held on April 13, 2026.The solar project aims to significantly boost the company's renewable energy portfolio. According to the details provided, the facility will feature a 600 MW solar capacity coupled with a 550 MWh co-located BESS (Battery Energy Storage System).The company detailed the project specifications, which include an existing solar capacity of approximately 29 MW. This proposed addition of 600 MW...

Hathway Cable & Datacom Acquires Remaining Stake in Hathway Channel 5, Consolidating Operations Hathway Cable & Datacom Ltd. announced the acquisition of the remaining equity stake in its subsidiary, Hathway Channel 5 Cable and Datacom Private Limited. The transaction, which took place on April 13, 2026, was executed for the consolidation of business operations.Through this acquisition, Hathway Cable & Datacom purchased the balance 49% equity stake, comprising 2,39,235 equity shares, from existing shareholders of Hathway Channel 5 Cable and Datacom Private Limited. The aggregate consideration for this acquisition was ₹ 40,000 (Rupees Forty Thousand only). Following the purchase, Channel 5 became a wholly owned subsidiary of Hathway...

Indian Railway Catering and Tourism Corporation Ltd Records Cessation of Senior Management Personnel Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has confirmed a change in its senior management structure. The company reported that Sh. Vinay Kumar Pathak has ceased to be a Senior Management Personnel.According to the company statement, Sh. Vinay Kumar Pathak, who was previously working on deputation as the Group General Manager/IRCTC/CO (One Level Below Board - Senior Management Personnel), repatriated on April 13, 2026, at the conclusion of his tenure.The cessation of his role as Senior Management Personnel was effective from the same day, April 13, 2026.IRCTC Stock Price Movement Indian Railway Catering And Tourism...

Gretex Industries Limited Appoints Tanishq Harlalka as Senior Management Personnel Gretex Industries Limited announced on April 13, 2026, the appointment of Mr. Tanishq Harlalka as Senior Management Personnel (SMP). The appointment details confirm that Mr. Harlalka has been appointed to the role of Head of Department - Marketing & Strategy.The effective date of his appointment is April 13, 2026.In relation to his professional background, Mr. Tanishq Harlalka brings experience in merchant banking, corporate strategy, and business development. His expertise is noted for its strong focus on driving revenue growth and expanding market presence. Prior to this role, he was associated with Gretex Corporate Services Limited, having held...

ICICI Bank to Host Media and Investor Calls on Q4 and FY2026 Financial Results ICICI Bank Limited announced that it will host two separate calls for the media and investors to discuss its financial results for the quarter and financial year ended March 31, 2026.The bank scheduled the calls for April 18, 2026.The itinerary is structured as follows:Media Call: A conference call with the media is set for 4:00 p.m. (IST) on April 18, 2026. Earnings Call: An dedicated earnings call with analysts and investors is scheduled for 5:00 p.m. (IST) on the same day, April 18, 2026.Participants can access the calls using the following dial-in details:Type of Dial-inNumbersUniversal dial-ins+91-22-62801154, +91-22-71158055Toll-free...

BCC Fuba India Ltd Allots Optionally Convertible Debentures Worth INR 8 Crores BCC Fuba India Limited has successfully allotted Optionally Convertible Debentures (OCDs) amounting to INR 8,00,00,000/- (Rupees Eight Crores Only). The investment, made through a private placement basis, concerns securities issued by Iogems Technologies Private Limited, a subsidiary company of BCC Fuba India Limited.The OCDs have a face value of INR 10/- each, and the allotment was executed at an issue price of INR 10/- per OCD.According to the details of the debentures, the instrument is classified as 7% Optionally Convertible, unsecured Debentures that are convertible into equity shares. The total size of the issue is INR 8,00,00,000, covering 7%...

NCLT Orders Merger of Saicharan Consultancy Private Limited and Hubtown Limited The National Company Law Tribunal (NCLT), Mumbai Bench, has passed an order directing the convening of meetings for the Equity Shareholders and Unsecured Creditors of two companies, Saicharan Consultancy Private Limited and Hubtown Limited, regarding a proposed Scheme of Arrangement. The order was pronounced on April 09, 2026.The scheme involves the merger/amalgamation of Saicharan Consultancy Private Limited (the Transferor Company) with Hubtown Limited (the Transferee Company). The proposed arrangement, which is effective from the Appointed Date of April 01, 2025, is set to combine the business and operations of both entities into a single company...

GAIL Approves Revised Timeline for Kochi-Kottanad-Bengaluru-Mangaluru Pipeline Project GAIL (India) Limited, a Government of India Undertaking and Maharatna Company, has approved a revised completion schedule for its Kochi-Kottanad-Bengaluru-Mangaluru Pipeline (KKBMPL) Project. The decision was made by the Board of Directors during a meeting held on April 13, 2026.The company detailed the current operational status of the KKBMPL Project, outlining the progress in pipeline execution and commissioning.According to the details provided, the project currently stands at the following capacity:MetricValueLength Authorized / under execution1104 Km / 951 KmPipeline laid / Commissioned919 Km / 657 KmRevised Completion...

Gurunanak Agriculture India Limited Reports Strong Q4 FY'26 Performance Driven by Operational Upgrades and New Product Launches Gurunanak Agriculture India Limited (GAIL), a leading manufacturer of agricultural equipment, reported strong business momentum during the fourth quarter of fiscal year 2026. The company highlighted that Q4 FY'26 saw significantly higher thresher sales compared to Q4 FY'25, the introduction of a new Track Combine Harvester (TCH) model, successful international order execution, and notable operational improvements across its manufacturing facilities.The robust performance reinforces GAIL's position as a high-margin, technology-led agricultural equipment manufacturer.Q4 FY'26 Segment Performance and...

Indian Overseas Bank Reduces Select MCLR Rates Effective April 15 Indian Overseas Bank announced that its Asset Liability Management Committee (ALCO), following a review of MCLR workings on April 13, 2026, has decided to modify several Marginal Cost of Funds based Lending Rates (MCLR). The Bank resolved to reduce the Overnight, 1-Year, and 2-Year MCLR by 5 basis points (bps) each, with the revised rates becoming effective from April 15, 2026.The revised MCLR structure, applicable until further review, details the change across various tenors.The changes in the MCLR across different tenors are summarized below:TenorExisting MCLR (%) w.e.f 15.03.2026ChangeRevised MCLR (%) w.e.f 15.04.2026MCLR TypeOvernightN/A(-) 5...

RBI Returns Application on Ujjivan Small Finance Bank's Universal Bank Transition Ujjivan Small Finance Bank Ltd. has received communication from the Reserve Bank of India (RBI) regarding its application for a Voluntary Transition from a Small Finance Bank to a Universal Bank.The RBI's letter, dated April 13, 2026, acknowledged the bank's recent efforts to diversify its loan portfolio. However, the regulator indicated that there was still scope for improvement and progress in this area.Consequently, the RBI returned the application and advised Ujjivan Small Finance Bank to consider submitting a revised application after demonstrating a more diversified loan portfolio.UJJIVANSFB Stock Price Movement Today, Ujjivan Small Finance...

Railtel Corporation Designates CTO and CISO as Senior Management Personnel Railtel Corporation of India Limited announced that its Chief Technology Officer (CTO) and Chief Information Security Officer (CISO) have been designated as Senior Management Personnel following a revision in the company’s Materiality Policy. The board of directors approved this change during a meeting held on April 13, 2026.The policy revision ensures that the CTO and CISO are now considered Senior Management Personnel under the company's updated regulations. Both positions were officially recognized as such, effective April 13, 2026.Senior Management Personnel Profiles The company’s two senior technology leaders, Shri R S Mani and Shri Ravi Kant Prasad...

Eurobond Tops ₹500 Crore Revenue in FY26, Posts 19% Growth Driven by Record Production Volumes Euro Panel Products Ltd, the parent company behind EUROBOND, the leading publicly listed metal cladding and Aluminium Composite Panel (ACP) manufacturer in India, reported strong financial results for the fiscal year 2026. The company achieved a total revenue of more than ₹ 500 Crore, marking a significant 19% year-over-year growth compared to the ₹423.19 Crore recorded in the previous financial year.The revenue growth is directly linked to a substantial increase in operational output and scale. Eurobond recorded a 22.4% increase in overall production, manufacturing and shipping over 16 lakh sheets during FY26.The increase in operational...

Kanungo Financiers Ltd Board Discusses Fund Raising, Capital Increase, and Operational Expansion Kanungo Financiers Ltd held a Board of Directors meeting on April 13, 2026, where the board discussed and approved several key corporate matters, including fund raising through preferential shares, increasing authorized share capital, and altering the company’s main objects clause.The board considered the proposal for raising funds via a preferential issue of equity shares. It was noted that the definitive terms of this preferential issue, including the pricing, size of the issue, and the list of proposed allottees, will be finalized and approved at a subsequent board meeting.In relation to capital structure, the board also reviewed the...

Mangalam Worldwide Limited Debenture Committee Meeting Rescheduled for April 16 Mangalam Worldwide Limited has scheduled its Debenture Committee meeting for Thursday, April 16, 2026. This meeting continues the company's efforts to consider the issuance of financial instruments to bolster its funding structure.The meeting was originally intended to take place on April 7, 2026, but was postponed due to unforeseen and unavoidable circumstances.On April 16, 2026, the Debenture Committee will meet primarily to consider and approve the issuance of Secured Non-Convertible Debentures. This issuance will be conducted on a private placement basis.The proposed debenture issuance remains within the limits that were previously approved by the...

Elpro International Ltd Acquires Equity Shares of Ambuja Cements Limited Elpro International Ltd announced the acquisition of equity shares in Ambuja Cements Limited. The acquisition was executed using cash consideration and constitutes an investment purpose for Elpro International Ltd.The transaction involved Elpro International Ltd acquiring 1,36,000 Equity Shares at a cost of INR 6.02 Crores. This represents a fresh acquisition, bringing the total holding of Elpro International Ltd in the target entity to 1,36,000 Equity Shares.Ambuja Cements Profile and Transaction Details Ambuja Cements Limited, which operates in the Cement & Cement Products sector, is noted as the 9th largest cement producer globally and a member of the...