Markets

NMDC Limited Fixes Iron Ore Prices for May 6, 2026 NMDC Limited has announced the prices for its Iron Ore, effective May 6, 2026. The company specified rates for two distinct grades of ore, including Baila Lump and Baila Fines.The fixed rates are as follows:Ore GradeSpecificationsPrice Per TonBaila Lump65.5%, 10-40 mm₹ 5,500/-Baila Fines64%, -10 mm₹ 4,700/-The company noted that these prices are exclusive of several charges, including Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess, and other applicable taxes.NMDC Stock Price Movement Shares of NMDC LIMITED are edging higher to ₹89.35 in the pre-open session at 9:10 AM, marking a gain of 0.59% as traders open their books. The current...

Mobavenue Undertakes Sustainability Drive, Plants 15,000 Trees and Supports Healthcare Initiatives Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited (MATL), has undertaken significant sustainability and community-focused initiatives during Fiscal Year 2025-26. These efforts were framed under the company's corporate social responsibility framework, focusing on environmental preservation, livelihood generation, and community health.In its plantation initiative, the company planted 15,000 trees across identified locations in the Mirzapur and Sonbhadra districts of Uttar Pradesh. The plantation, which includes a mix of fruit-bearing and non-fruit-bearing trees, was implemented with the...

NCLT Extends CIRP Period for Baron Infotech Limited; Resolution Professional Directed to Consider Applicant Contentions Mumbai/Chennai, May 6, 2026: 63 Moons Technologies Ltd, parent company of Ticker Limited, has provided updates regarding the ongoing insolvency proceedings involving its non-material subsidiary, Baron Infotech Limited. The company noted several critical developments stemming from an order issued by the National Company Law Tribunal (NCLT), Hyderabad Bench, on May 5, 2026.The communication details the status of the resolution process for Baron Infotech Limited (which operates under Corporate Insolvency Resolution Process, CIRP).NCLT Orders Issued May 5, 2026 The NCLT Hyderabad Bench issued specific orders concerning...

Gujjubhai Industries Limited Receives Listing Approval for Shares Issued Through Amalgamation Gujjubhai Industries Limited, formerly known as Sumuka Agro Industries Limited, has secured listing approvals for equity shares issued following a major amalgamation. The approvals relate to the scheme merging Gujjubhai Food Private Limited with the Transferee Company, Sumuka Agro Industries Limited.The company confirmed receipt of listing approval from BSE Limited for 1,38,13,666 equity shares. These shares, each carrying a face value of Rs. 10, were allotted to the shareholders of Gujjubhai Food Private Limited as part of the amalgamation scheme.The listing permission for the said securities was further granted by the Exchange.The...

Oswal Pumps Bags Rs 162 Crore Order for Solar Water Pumping Systems from MSEDCL Oswal Pumps Limited announced on May 6, 2026, that it has secured a significant order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contract involves supplying and installing Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump' Yojna, with a total commercial value of approximately Rs 162.06 Crore (including GST).The contract encompasses the comprehensive services required for the design, manufacture, supply, installation, testing, and commissioning of 6,869 solar water pumping systems. These systems, configured in 3 HP, 5 HP, and 7.5 HP capacities, are...

Lemon Tree Hotels Strengthens Maharashtra Portfolio with New Ahilyanagar Property Signing Lemon Tree Hotels Limited, India's largest mid-priced hotel chain, has announced a significant expansion milestone with the signing of Lemon Tree Hotel, Ahilyanagar in Maharashtra. This new signing marks the brand's 30th property in the state, reinforcing its presence and leadership in Maharashtra's diverse travel markets.The new hotel property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The facility is set to feature 95 well-appointed rooms, complemented by a comprehensive range of recreational and business amenities, including a restaurant, banquet hall, meeting room, swimming...

Angel One Reports Key Business Parameters Update for April 2026 Angel One Limited released its key business parameters update for April 2026, detailing performance metrics across various segments including client base, trading volumes, and turnover.The company provided a comprehensive view of its operations, highlighting changes in client metrics and market share positions.Key Business Metrics for April 2026 The following table details the performance metrics for the quarter, comparing April 2026 data against previous months and years.ParticularsApr '26Mar '26Apr '25M-o-M Growth (%)Y-o-Y Growth (%)No. of Trading Days2019195.3%5.3%Client Base (Mn)37.7937.3931.481.1%20.0%Gross Client Acquisition (Mn)0.460.510.49-9.1%-6.2%...

Gallantt Ispat Limited Approves FY26 Results, Reconstitutes Board Committees Gallantt Ispat Limited, during a Board Meeting held on May 5, 2026, approved the audited financial results for the quarter and the year ended March 31, 2026. The company also announced a final dividend recommendation and key changes in its Board of Directors.The Board Meeting commenced at 5:00 PM and concluded at 11:05 PM on Tuesday, May 5, 2026.Financial Results and Audit Opinion The Board of Directors approved the Audited Financial Results for the Company for the Quarter and Year ended March 31, 2026. The company also released a Standalone and Consolidated Audit Report from M/s Maroti and Associates, Chartered Accountants, confirming an unmodified opinion...

Transworld Shipping Lines Signs MOA for Sale of Vessel M.V. SSL Bharat Transworld Shipping Lines Limited, formerly Shreyas Shipping & Logistics Ltd, announced the signing of a Memorandum of Agreement (MOA) on May 5, 2026. The agreement pertains to the sale of one company-owned vessel to Avana Logistek Limited.Under the terms of the MOA, Transworld Shipping Lines Limited will sell the vessel, M.V. SSL Bharat. The sale to Avana Logistek Limited is set to realize a total consideration of US$ 4,800,000.The transaction details specify that the purpose of the agreement is the sale of the vessel, which is owned by Transworld Shipping Lines Limited.The key details of the agreement are as follows:ParticularsDetailsAgreement DateMay...

ICRA Assigns Credit Rating to ACME Sidlaghatta Solar Energy's Long-Term Term Loan Acme Solar Holdings Limited announced that ICRA Limited has assigned a credit rating to the long-term fund-based term loan of ACME Sidlaghatta Solar Energy Private Limited. The company noted that ACME Sidlaghatta Solar Energy Private Limited operates as a wholly owned subsidiary of Acme Solar Holdings Limited.The rating assignment covered the long-term fund-based term loan facility, detailing the current rating status and the amount covered.The credit rating assignment details are as follows:InstrumentRated Amount (Rs. in crore)Rating ActionLong-term - Fund-based - Term loan57.24[ICRA]A-(Stable); AssignedACME Solar Holdings Limited stated...

Gallantt Ispat Board Recommends 20% Final Dividend Amid Promoter Waiver for Expansion Gallantt Ispat Limited announced that its Board of Directors, during a meeting held on Tuesday, May 5, 2026, recommended a final dividend for the financial year ended March 31, 2026. The dividend is subject to final approval by the company's shareholders at the ensuing Annual General Meeting (AGM).The Board recommended a final dividend of 20% on the paid-up share capital. The details of the recommended dividend are as follows:MetricDetailDividend Percentage20%Dividend AmountRs. 2.00 (Two Rupees Only) per equity shareFace Value per ShareRs. 10/-The final dividend is slated to be paid within 30 days from the date of its declaration at...

Sammaan Capital Completes Tender Offer for U.S. Senior Secured Social Bonds Sammaan Capital Limited announced the completion of its Tender Offer for its outstanding U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030 on May 5, 2026. The company confirmed the tender results as of the Expiration Time, completing its previously announced offer to purchase the bonds for cash.The company holds an aggregate outstanding principal amount of U.S.$450,000,000 in these bonds. The Tender Offer permitted the company to purchase bonds in an aggregate principal amount up to a Maximum Purchase Amount of U.S.$45,000,000.The Tender Offer was consummated on May 5, 2026. The initial purchase of U.S.$45,000,000 was already accepted on the early...

Zen Technologies Unveils India's First AI-Powered Fully Integrated Anti-Drone System Amid escalating drone-led warfare across global conflict zones, Zen Technologies, a leader in next-generation anti-drone systems, launched India's first modular, AI-powered counterdrone platform at the North Tech Symposium 2026 in Prayagraj. The system is designed to address the rapidly evolving threat landscape presented by low-cost FPVs and coordinated swarm attacks, which have proven capable of bypassing traditional air defence systems.The newly unveiled platform is fully indigenously designed and developed, marking a significant milestone in India's pursuit of defence self-reliance and sovereign intellectual property creation in critical...

Indegene Limited Receives Income Tax Demand Notice for Assessment Year 2023-24 Indegene Limited announced on May 05, 2026, that it received a final assessment order from the Income Tax Department concerning the Assessment Year 2023-24, corresponding to the Financial Year 2022-23. The order includes a significant income tax demand.The company reported that the tax department issued a demand notice under Section 156 of the Income Tax Act, 1961. The total income tax demand stands at INR 43,68,84,410, which includes interest.The assessment order was issued under Section 143(3) read with Section 144C(3) read with Section 144B of the Income Tax Act, 1961.Assessment Details The tax authority raised the demand following transfer pricing...

JSW Energy Limited Receives Interim Payment Order From Supreme Court On May 5, 2026, JSW Energy Limited reported a significant development regarding its ongoing litigation. The Company noted that the Hon'ble Supreme Court disposed of a civil appeal filed by Maharashtra State Electricity Distribution Company Limited (MSEDCL).The Supreme Court's order, dated April 30, 2026, disposed of the civil appeal after the appeal had been challenging an interim order passed by the Appellate Tribunal for Electricity (APTEL).The key directives issued by the Supreme Court include:Directing MSEDCL to make an interim part payment of Rs 250 crores to JSW Energy Limited. Requesting APTEL to re-hear the interim application filed by MSEDCL.This...

CARBOGEN AMCIS Shanghai Facility Achieves Successful Unannounced GMP Inspection from NMPA Shanghai, China (May 5, 2026) — The Shanghai facility of CARBOGEN AMCIS (Shanghai) Co. Ltd. has successfully completed an unannounced Good Manufacturing Practice (GMP) inspection by China’s National Medical Products Administration (NMPA). The successful inspection affirms the site's robust compliance with global quality standards.The NMPA inspection, which took place on April 14, 2026, was comprehensive, encompassing an on-site assessment of the API manufacturing operations and the site's overarching Quality System. During the unannounced review, inspectors thoroughly examined manufacturing processes, facilities, quality control laboratories...

Aeroflex Industries Approves FY 2025-26 Financial Results and Recommends Final Dividend Aeroflex Industries Limited announced on May 5, 2026, the outcomes of its Board of Directors meeting held on the same date. During the meeting, the company approved its audited financial results and statements for the financial year 2025-26, and recommended a final dividend to its shareholders.The board meeting also confirmed that the company's statutory auditor issued audit reports on the Annual Audited Standalone and Consolidated Financial Statements and Results for the year ended March 31, 2026, with an unmodified opinion.During its session, the Board of Directors of Aeroflex Industries approved several key financial documents covering the...

Dalmia Bharat Sugar Reports FY 2026 Financial Results Amid Operational Efficiencies Dalmia Bharat Sugar and Industries Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a strong performance driven by operational efficiencies and increased sugar realization, despite facing pressure from cane pricing and cane availability during the year.During the year ended March 31, 2026, the company achieved an operating revenue of Rs. 3,618 crore and a profit before tax of Rs. 322 crore. Management attributed this strong outcome to a strategic focus on operational excellence, rigorous cost optimization, and effective product mix management...

Jet Knitwears Board Approves Renewal and Modification of Credit Facilities from ICICI Bank Jet Knitwears Limited announced that its Board of Directors, during a meeting held on May 5, 2026, approved the renewal and modification of existing credit facilities. The facilities are availed from ICICI Bank Limited and are intended for the company's general business purposes.The Board meeting commenced at 5:30 PM and concluded at 6:00 PM. During the meeting, the directors considered and approved the crucial modification of these facilities, which includes a reduction in the sanctioned limits.The board’s decision formalized the renewed and modified credit arrangement with ICICI Bank Limited, enabling Jet Knitwears Limited to continue its...

Sar Televenture Limited Approves Allotment of Equity Shares via Warrants Conversion Sar Televenture Limited announced that its Board of Directors, at a meeting held on May 5, 2026, approved the issuance and allotment of equity shares to a member of the Promoter Group. The transaction involves the conversion of existing warrants into fully paid equity shares.The Board accorded approval for the allotment of 2,50,000 equity shares. These shares are the result of the conversion of 2,50,000 warrants into an equivalent number of equity shares, allotted to an individual belonging to the Promoter Group. The allotment was done on a preferential basis, following the receipt of a balance amount representing 75% of the full and final subscription...