Markets

Apple and CleanMax Form Strategic Partnership for Renewable Energy Boost in India Mumbai, India, May 07, 2026: Apple and CleanMax Enviro Energy Solutions Limited have entered into a strategic coinvestment transaction aimed at accelerating decarbonization within India's Commercial & Industrial (C&I) sector. The partnership involves an investment of approximately INR 100 Crore and is set to drive scaled renewable energy deployment across the country.CleanMax Enviro Energy Solutions Limited, recognized as India's largest renewable energy solutions provider for the commercial and industrial sector, confirmed the collaboration. The alliance underscores a shared, long-term commitment toward enabling the corporate clean energy transition...

Satin Creditcare Network Limited Raises INR 200 Crore in Tier II Capital to Fuel Growth Satin Creditcare Network Limited (SCNL) has successfully raised INR 200 crore in subordinated Tier II capital, structured over a tenure of 7 years. This capital infusion is set to reinforce the company's financial foundation, supporting sustained growth and expanding its diversified business segments.The capital raise comes at a time when the sector is experiencing moderate conditions. SCNL utilized this funding to build on its continuous operating performance and strong traction observed across its various subsidiaries. The introduction of a long-tenor subordinated structure significantly enhances the company's capital adequacy, providing a...

K2 Infragen Secures Rs 27.00 Crores Work Order for Transmission Line Construction in Rajasthan K2 Infragen Limited has secured a significant work order valued at Rs 27.00 Crores for the construction of transmission lines in Rajasthan. The contract was awarded by Rajasthan Rajya Vidyut Prasaran Nigam Limited.The order relates to the construction of 220kV and 132kV transmission lines associated with the 220kV GSS Seruna (Dist - Bikaner) in Rajasthan. The scope of work is comprehensive and falls under a turnkey project basis.According to details provided, the scope of work includes the survey, supply of all equipment and materials, erection (including civil works), and final testing and commissioning.Key details of the transaction...

EFC (I) Limited Incorporates Wholly-Owned Subsidiary in Real Estate Sector EFC (I) Limited has successfully incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 3 Private Limited. The Certificate of Incorporation for the new entity was received on May 6, 2026, establishing its presence in the real estate as a service sector.The subsidiary, named EFC Estate Wakadewadi 3 Private Limited (referred to as 'EFC Wakadewadi 3'), is wholly owned by EFC (I) Limited.EFC Wakadewadi 3 Private Limited’s primary line of business involves holding and acquiring property situated at the 3rd floor, B Wing/ building, within the commercial complex known as Godrej Eternia. This property is constructed on sub divided Final Plot bearing No. 64/A1...

Gallantt Ispat Limited Reports Resilient Performance with FY26 EBITDA Margin at 17.6% Gallantt Ispat Limited, the largest producer of Rebars in Uttar Pradesh with a 25% market share in its addressable geographies, has announced its Q4 and full year (FY26) financial results. The company reported a resilient performance in FY2026, maintaining profitability despite softer steel realisations, which management attributed to the structural cost advantages of its integrated manufacturing model and progressive benefits from backward integration investments.Q4 FY26 and FY26 Financial Overview The company saw significant growth across key financial metrics for the quarter and the full year.For Q4 FY26, the Revenue from Operations stood at ₹...

Newgen Software Subsidiary Secures International SOW for Cloud and Implementation Services Newgen Software Technologies Limited, through its wholly owned subsidiary, Newgen Software Technologies (UK) Limited, has secured a Statement of Work (SOW) with an overseas client. The agreement covers the provision of Software licenses, Cloud Services, and Implementation services for the customer.The total value of the SOW amounts to GBP £1,125,608.The contract is sourced from an international entity located in the United Kingdom. According to the details provided, the agreement mandates the provision of Newgen's Enterprise Content Management platform across the organization. This comprehensive service includes Software licences provided on...

K2 Infragen Ltd. Secures INR 27 Crore Transmission Line Project from Rajasthan Rajya Vidyut Prasaran Nigam Limited K2 Infragen Ltd., an engineering and core infrastructure company, has announced the securing of a INR 27 Crore project from Rajasthan Rajya Vidyut Prasaran Nigam Limited. The contract involves crucial work pertaining to the 'Construction of 220kV & 132kV transmission lines associated with 220kV GSS Seruna (Dist -Bikaner) in Rajasthan.'The turnkey project scope is comprehensive, covering survey, supply of all equipment and materials, erection including civil works, and final testing and commissioning. K2 Infragen Ltd. has been granted a timeframe of 15 Months to complete the work.The contract is expected to strengthen K2...

Bajaj Auto Reports Record Financial Results for FY26, Boosted by Strong Volumes Across Global Segments Bajaj Auto Limited announced its financial results for the year ended March 31, 2026, reporting record performance across its key business segments. The company noted broad-based momentum, citing strong growth in volumes and revenues across its ICE/EV, 2W/3W, and Domestic/Exports verticals.FY26 Full Year Highlights For the full fiscal year (FY26), Bajaj Auto Limited recorded an all-time high revenue of f58,732 crores, marking a robust 17% year-over-year (YoY) growth. The company reported a new peak EBITDA of ₹12,019 crores, and Profit after Tax (PAT) reached its biggest annual print at ₹9,825 crores, a 21% YoY increase. The EBITDA...

Digikore Studios Reports Strong Turnaround Year with Revenue Surge and Profitability Gains Digikore Studios Limited, a technology-driven Visual Effects studio, announced its audited consolidated financial results for FY2025-26, signaling a significant turnaround and strengthening its operational and financial standing.The Company reported that its revenue saw sharp growth, coupled with a return to strong profitability and meaningful balance sheet improvement.Key Financial Highlights for FY2025-26 Digikore Studios Limited showcased robust year-over-year growth across its major revenue streams.Financial MetricFY2025-26 FigureYoY ChangeComparison to FY2024-25Revenue from Operations₹66.02 croreUp 83.1%N/ATotal Revenue₹70.86...

Deepak Mining Solutions Acquires Explosives Manufacturer Chardham Chemicals Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilizers and Petrochemicals Corporation Limited, has completed the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturer.The transaction was finalized on May 6, 2026. According to the details, the total consideration for the acquisition amounted to Rs. 121.45 Crores (Rupees One Hundred Twenty One Crores and Forty Five Lakhs), supplemented by incidental legal and other transaction costs. This acquisition aligns with the agreement that was initially entered into on December 24, 2025.The acquisition significantly enhances DMSL's capacity within the...

Kody Technolab Reports Audited Financial Results and Key Leadership Changes Kody Technolab Limited announced key outcomes from its Board of Directors meeting held on May 6, 2026, including the approval of its standalone and consolidated audited financial results for the half and year ended March 31, 2026. The meeting also formalized several senior management transitions and appointments.In terms of governance, the Company reported the resignation of Mr. Sanjaykumar Kidecha from his post as Chief Operating Officer (COO) effective May 6, 2026. The resignation was accepted following his promotion to Chief Executive Officer (CEO).The Board also announced several strategic appointments:Mr. Sanjaykumar Kidecha was appointed as Chief...

Godrej Consumer Products Reports Double-Digit Growth in Sales and Profit for Q4 FY2026 Mumbai, May 6, 2026: Godrej Consumer Products Limited (GCPL), a leading emerging markets Fast Moving Consumer Goods (FMCG) company, announced its financial results for the quarter ending March 31, 2026, detailing robust double-digit growth in both top-line revenue and profit.The company reported a strong, broad-based performance, attributing the results to the consistent execution of its strategic priorities, category development focus, and cost discipline across its global portfolio.Financial Performance Summary GCPL demonstrated significant financial growth both in the quarter and for the full financial year. Consolidated sales grew by 11%...

Jindal Drilling to Shareholders Regarding Unclaimed Dividends and IEPF Transfer Jindal Drilling And Industries Limited has issued an update to shareholders concerning the mandatory transfer of equity shares and unclaimed dividends to the Investor Education and Protection Fund (IEPF).The company advises shareholders that all shares for which dividend has not been claimed for seven consecutive years are liable to be transferred to the IEPF set up by the Central Government.The company notes that records indicate dividend against equity shares held by shareholders remains unclaimed/unpaid for a period of seven consecutive years, citing various commencement periods, including the financial years 2015-16 and 2018-2019.Shareholders are...

Zaggle Prepaid Ocean Services Signs 3-Year Agreement with The Supreme Industries Limited Zaggle Prepaid Ocean Services Limited has entered into a new agreement with The Supreme Industries Limited, solidifying a domestic contract for the provision of specialized reward platform services.According to the details provided, The Supreme Industries Limited awarded the contract to Zaggle, enabling the company to provide its proprietary Zaggle Propel reward platform for channel rewards and recognition.The agreement establishes a tenure of three years, with the scope of work involving Zaggle implementing the comprehensive reward platform for The Supreme Industries Limited. The transaction is classified as a domestic agreement and is...

HP Adhesives Limited Board Meeting Scheduled to Review FY26 Financials and Consider Final Dividend HP Adhesives Limited announced that its Board of Directors will convene a meeting on Tuesday, May 12, 2026. The board meeting is scheduled to address the company's financial performance for the year ended March 31, 2026, and consider recommendations for the final dividend.During the meeting, the board is set to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026, along with the corresponding Audit Report.Furthermore, the board will consider and recommend a Final Dividend on the company's Equity Shares for the Financial Year 2025-26, if deemed...

Digit Insurance Reports Settling Over 1 Million Claims in FY 2025-26; Highlights Improved Service Turnaround Times Bengaluru, May 6, 2026: Digit Insurance, a digital full-stack insurance company, announced that it settled over 1 million claims across all lines of business during Fiscal Year (FY) 2025-26. The company’s 14th Transparency Report details significant improvements in service and claims turnaround times (TATs), setting new benchmarks for customer service in the insurance sector.The report highlights that service efficiencies have expanded to include everyday service metrics, demonstrating how 'instant' has become the standard for post-policy operations across retail health, motor, and non-motor lines.Key Performance...

Polycab India Limited Board Approves Extension of CFO Niyant Maru's Tenure Polycab India Limited announced that its Board of Directors approved the extension of the tenure of Mr. Niyant Maru, Chief Financial Officer (Whole-Time Key Managerial Personnel). The approval followed recommendations from the Nomination and Remuneration Committee and was subject to the Audit Committee's approval.The Board of Directors passed the resolution during its meeting held on May 06, 2026. Under the approved mandate, Mr. Niyant Maru's role as Chief Financial Officer is extended starting from July 17, 2026, and concluding on April 16, 2027.The Board's decision formalized the extension, building upon an earlier intimation provided on October 17, 2025...

CG Power Records Strong FY26 Performance with Record Q4 Standalone Revenue CG Power and Industrial Solutions Limited announced a solid performance for the quarter and full year ended March 31, 2026. The company reported strong operating discipline and order momentum, capping off a record fiscal year for the entity.In the fourth quarter of FY26, standalone sales grew 22% Year Over Year (YoY), and Profit Before Tax (PBT) increased 43% YoY, marking the highest standalone revenue and PBT reported to date. For the full fiscal year 2026, standalone sales grew 21% YoY, and PBT grew 34% YoY, establishing it as the strongest standalone fiscal performance.Order flow remained robust during the quarter, pushing the order backlog up 59% YoY to...

Polycab India Limited Posts Record FY26 Results; Revenue Exceeds ₹285 Billion Polycab India Limited announced its audited financial results for the fourth quarter and year ended March 31, 2026. The company reported a landmark fiscal year, achieving its highest-ever annual revenue and profitability figures, driven by strong execution and increased domestic market share.The company noted that its consolidated revenues surpassed ₹285 billion for the first time, reaching ₹2,88,838 Mn, marking a 29% Year-over-Year (YoY) increase from ₹2,24,083 Mn in FY25. Profitability also saw significant growth, with Profit After Tax (PAT) rising 32% YoY to ₹27,084 Mn.In the fourth quarter alone, consolidated revenue grew 27% YoY, standing at ₹88,645...

Nucleus Software Exports Faces INR 28,33,460 Tax Demand Over Intercompany Transactions Nucleus Software Exports Limited announced on May 06, 2026, that it has received an order from the Income Tax Department concerning its tax liabilities for the Assessment Year 2023-24. The order raises a demand of INR 28,33,460/- (including interest) based on adjustments made to the transfer pricing margins related to certain intercompany transactions.According to the company, the Assessing Officer has issued the demand and has also initiated penalty proceedings in this matter. The demand arises from adjustments made to the transfer pricing margins regarding some intercompany transactions.The company stated that it believes the order is not...