Markets

Bassinvictus Private Limited Issues LOI to Infuse Rs.200 Crore in Star Housing Finance Star Housing Finance Limited (Star HFL) has received a Letter of Intent (LOI) from Bassinvictus Private Limited, outlining a plan to inject significant capital into the finance company. The LOI details the infusion of Rs.200 crore in equity to fortify Star HFL, subject to necessary statutory and regulatory approvals, which will occur in one or more tranches.Through this funding round, Bassinvictus Private Limited intends to acquire a majority stake in Star HFL. Additionally, the LOI notes that the company plans to execute a secondary purchase to buy out the stakes held by the promoters and ARKFIN Investment and Advisors Limited, identified as the...

Thermax Limited Mourns Loss of Non-Executive Independent Director Dr. S.B. Pandit Thermax Limited announced the demise of Dr. S.B. (Ravi) Pandit, who served as a Non-Executive Independent Director of the Company. Dr. Pandit passed away on Friday, May 8, 2026.Dr. Pandit had been an Independent Director on the Board of Thermax Limited since 2017. The Company recognized his significant contribution, stating that it immensely benefitted from his wisdom, experience, and leadership during his tenure with the organization.Mrs. Meher Pudumjee, Chairperson of the Company, expressed her profound grief over the passing. In a statement, she noted, "It is a profound loss for India, for our Board, and for all those who had the privilege of...

Tata Power and DGPC Expand Hydropower Collaboration in Bhutan to 5,033 MW The Tata Power Company Limited (Tata Power) announced an expansion of its clean energy partnership in Bhutan, confirming the signing of an amendment to its Memorandum of Understanding (MoU) with Druk Green Power Corporation Limited (DGPC). This collaboration significantly increases the identified hydropower capacity in the Kingdom of Bhutan.Under the amended agreement, a new 404 MW Nyera Amari I & II Integrated Hydropower Project has been added to the existing project pipeline. This raises the total identified hydropower capacity under the partnership to 5,033 MW, an increase from the previously agreed 4,500 MW. This expansion aligns with Bhutan's broader vision...

ConfirmTkt Launches AI Seat Finder to Revolutionize Train Ticket Booking Experience Gurugram/Bengaluru, May 8, 2026 — ConfirmTkt, India’s leading train-ticketing platform, announced the launch of AI Seat Finder, an intelligent, conversational feature powered by TARA, an AI native agent developed by ixigo. This new tool is designed to help users find confirmed train tickets with enhanced ease and reliability.Integrated into the ConfirmTkt app, AI Seat Finder activates as soon as a user begins searching for trains, analyzing real-time availability to guide the traveler toward the best possible options. The feature transforms the traditionally fragmented booking process into a simple, guided journey.Using conversational AI, the system...

Aayush Wellness Enters ₹366 Billion Metabolic Health Market with Launch of Aayush Dia Shield Tablets Aayush Wellness Limited has marked a strategic entry into the preventive wellness and metabolic health sector with the launch of 'Aayush Dia Shield Tablets.' This science-backed dietary supplement aims to address the growing health challenges related to diabetes and pre-diabetes among the Indian consumer base.The launch positions the company within India's high-growth metabolic health market, valued at ₹366.56 billion.Addressing the Metabolic Health Crisis The company noted that India faces a significant metabolic health challenge. Currently, an estimated 100 million people live with diabetes, and an additional 136 million...

True Colors Limited Expands into Commercial Printing and Packaging Markets with New Industrial Solutions Surat, India, May 08, 2026: True Colors Limited has announced a strategic expansion into the Commercial Printing, Labeling, and Flexible Packaging segments. The company launched a comprehensive portfolio of industrial printing and packaging machinery solutions, marking a significant growth milestone by diversifying its offerings.The newly introduced product range positions the company in high-growth industrial printing and packaging markets. The product lines launched on May 08, 2026, include:Product Category DetailsWeb-to-Sheet Book Printing Machines Commercial PrintingSheet-fed Book Printing Machines Commercial Printing...

Vishwas Agri Seeds Limited Clarifies Share Price Movement, Attributes Volatility to Market Forces Vishwas Agri Seeds Limited addressed questions regarding the recent movement in its share price on May 08, 2026. The company issued a statement confirming that it has fulfilled its obligations to disclose all material information relating to its operations and performance.In the clarification, Vishwas Agri Seeds Limited stated that while it has made all necessary disclosures concerning its operational and performance parameters in the stipulated timeframe, the company was not aware of the specific reason behind the significant movement in its share price.The company opined that the movement in the share price is purely market driven...

Kwality Pharmaceuticals' Credit Rating Upgraded to [ICRA]BBB+ (Stable) Following Strong Growth and Financial Metrics Kwality Pharmaceuticals Ltd. (KPL) has received a credit rating upgrade on its bank loan facilities from ICRA Limited. The rating action, effective May 7, 2026, upgraded the ratings and removed the company from the 'Issuer Not Cooperating' category.The revised ratings confirm the company's operational standing and financial health, reflecting its performance and future growth trajectory in the pharmaceutical sector.Rating Summary and Financial Enhancement ICRA Limited revised the ratings across two major instruments, significantly enhancing the total rated amount.Instrument Previous Rated Amount (Rs. crore)...

Vishal Mega Mart Ltd Board Meeting Scheduled to Approve Financial Results Vishal Mega Mart Ltd, formerly Vishal Mega Mart Private Limited, has announced that a meeting of its Board of Directors is scheduled for Thursday, May 14, 2026. The primary purpose of the meeting is to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year that ended March 31, 2026.In addition to the financial approvals, the company also provided an update regarding its trading window status for Designated Persons and their immediate relatives.The company noted that the trading window for Designated Persons and their immediate relatives was closed effective April 01, 2026. Furthermore, the trading...

Oswal Yarns Ltd. Announces Board Meeting on May 27, 2026; Trading Window to Remain Closed Oswal Yarns Ltd. has announced that a Meeting of its Board of Directors is scheduled for May 27, 2026. The meeting will take place at the company’s registered office. The primary purpose of the board meeting is to consider and approve the Audited Financial Results for the year that ended on March 31, 2026.In addition to the board meeting notice, the company has updated the status of its trading window. The trading window for Oswal Yarns Limited securities, which was previously closed since April 1, 2026, will remain closed. This restriction will stay in effect until the conclusion of 48 hours after the declaration of financial results for the...

Kokuyo Camlin Ltd. Board Meeting Scheduled to Approve Q4 and FY26 Results Kokuyo Camlin Ltd. has announced that its Board of Directors meeting is scheduled for Friday, May 15, 2026. The primary purpose of the meeting is to consider and approve the audited financial results for the fourth quarter and the full financial year ended March 31, 2026. Additionally, the board will consider the recommendation of a dividend, if any, on equity shares for the financial year 2025-2026.The company also provided an update regarding its trading window status. The trading window, which had closed effective April 1, 2026, for the publication of the audited financial results for the fourth quarter and the financial year ended March 31, 2026, will remain...

Apollo Micro Systems Records ₹510.25 Million in New Orders from Public and Private Sectors Apollo Micro Systems Limited reported securing significant business orders in the ordinary course of its operations. The company announced the receipt of total orders amounting to ₹510.25 million, with contributions coming from defence, public sector, and private companies.The update details the sources and corresponding value of the orders received by the company. The total order value of ₹510.25 million is broken down by segment, providing a clear view of the company’s current order book strength.The details of the orders received are as follows:Source Orders (Rs. Millions)Ministry of Defence 174.78Public Sector Defence...

RMC Switchgears Allots 5,020 Equity Shares Under Employee Stock Option Scheme RMC Switchgears Ltd announced that its Nomination and Remuneration Committee of the Board of Directors approved the allotment of equity shares to employees. The allotment is executed under the parameters of the Employee Stock Option Scheme 2024.The Committee, in its meeting held on May 8, 2026, sanctioned the allotment of 5,020 equity shares, each having a Face Value of Rs. 10/-. This transaction represents the exercise of existing stock options granted under the scheme.The allotment of these shares will result in an increase in the company's paid-up equity share capital.The change in the company's paid-up equity share capital is detailed as follows...

UCO Bank Board Sees Change as Director Completes Tenure UCO Bank has announced a change in the composition of its Board of Directors, confirming the departure of Shri Subhash Shankar Malik. The notable exit follows the completion of his tenure as a Part-time Non-Official Director.Shri Subhash Shankar Malik had been appointed to the Board for a period of three years, originally under the Government of India notification F.No.6/8/2022-BO.I dated May 8, 2023, as per section 9(3)(h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.The bank confirmed that the director's cessation was due to the natural completion of his service term.The details regarding the change in the Board of Directors are as follows...

NINtec Systems Limited Confirms Non-Applicability of Large Corporate Annual Disclosure NINtec Systems Limited confirmed that it does not fall under the definition of a 'Large Corporate' as of March 31, 2026.The company issued a statement addressing the criteria related to annual disclosure obligations that apply to large entities raising funds through the issuance of Debt Securities.According to the statement, NINtec Systems Limited does not meet the applicability criteria specified for 'Large Corporate' status. Consequently, the requirement for submitting the annual disclosure by Large Corporate is not applicable to the company.The status confirmation solidifies the company's regulatory standing regarding the need for annual...

MIC Electronics Advances Development of IPIS v2.0 for Indian Railways MIC Electronics Limited has provided an update on its ongoing project, confirming that the development of IPIS v2.0 for Indian Railways is progressing as planned.The company detailed that the product architecture for the project has been successfully established. Development efforts are being managed by dedicated teams working in parallel across multiple critical areas, including hardware, firmware, and Network Management System (NMS) application software development.The development program has achieved meaningful progress across all major development areas. MIC Electronics noted that the company's focused engineering approach and coordinated team efforts are...

NRB Bearings Ltd Reports Strong FY26 Performance with 11% Revenue Growth and 77% Increase in Profit Mumbai, May 8, 2026: NRB Bearings Limited today announced its standalone and consolidated financial results for the fourth quarter and the full year ended March 31, 2026.Commenting on the company’s performance, Managing Director Ms. Harshbeena Zaveri stated that NRB closed FY26 on a strong footing. The company recorded consolidated Revenue growth of 11% and an EBITDA increase of 19.2%. Consolidated EBITDA reached ₹267 crore, and Profit after Tax (PAT) increased to ₹146 crore.The strong operational execution was attributed to volume growth, improved product mix, and sustained operational efficiencies. Across the year, structural...

Cyber Media Approves Name Change to Cybermedia Network; Releases Audited Financial Results Cyber Media Network Limited, formerly Cyber Media (India) Limited, announced key corporate approvals following its Board meeting on May 6, 2026. The Board approved the change of the company's name from 'CYBER MEDIA (INDIA) LIMITED' to 'CYBERMEDIA NETWORK LIMITED.'The company also confirmed the re-appointment of M/s. CMG & Company, Chartered Accountants, as the Internal Auditor for the financial year 2026-27.Cyber Media released audited consolidated and standalone financial results for the quarter and year ended March 31, 2026.Financial Performance Highlights The company provided detailed financial statements, covering consolidated and...

Wonderla Holidays Confirms Utilization of Rs. 540 Crore QIP Funds for Q4 FY26 Wonderla Holidays Limited has released a statement detailing the utilization of funds raised through a Qualified Institutions Placement (QIP) for the quarter ended March 31, 2026.The Company confirmed that there was no deviation or variation in the utilization of the funds raised. The total amount raised through the QIP was Rs. 540 Crore on December 6, 2024.Fund Utilization Details The statement provided a comprehensive breakdown of the original objects for which the funds were raised and how the amounts were utilized during the quarter ended March 31, 2026.The funds were allocated across several key operational and developmental areas:Original...

L&T Secures Major EPC Order from BCGCL for Coal-to-Ammonia Project Larsen & Toubro (L&T) Energy Hydrocarbon Onshore has secured a significant Engineering, Procurement, and Construction (EPC) order from Bharat Coal Gasification and Chemicals Ltd (BCGCL). The contract involves developing a Coal-to-Ammonium-Nitrate project in Odisha, solidifying L&T's leadership in the Coal-to-Chemicals value chain.The order, classified as a Lump Sum Turnkey Package-3, is for an Ammonia Synthesis Unit. This initiative significantly strengthens L&T's position in clean syngas-based ammonia synthesis, which is a critical building block in the broader coal-to-chemicals value chain. The resulting Ammonia Plant is designed to enable the downstream manufacture...