Markets

Shanthi Gears Approves FY 2026 Financial Results; Recommends Total Dividend of Rs. 5 Per Share Shanthi Gears Limited (SGL) announced the approval of its audited financial results for the financial year ended March 31, 2026, following a Board of Directors meeting held on May 5, 2026.The Board also addressed key governance changes, including the retirement of an independent director and the appointment of a new non-executive independent director.Financial Results for FY 2026 The Company reported comprehensive financial results for the year ended March 31, 2026. The reported data shows the following key figures for the financial year:MetricFull Year Ended 31 March 2026Full Year Ended 31 March 2025Revenue from...

GSM Foils Limited Reports 66.75% YoY Net Sales Growth for April 2026 GSM Foils Limited has reported strong sales performance for the month of April 2026, noting a year-on-year growth of 66.75%. The company provided updates on its financials and operational conditions for the period.For the month of April 2026, the company recorded Net Sales of Rs. 270,270,283. This figure represents a significant increase compared to April 2025's sales of Rs. 162,074,181. The cumulative Net Sales for the period from April to March 2026 reached Rs. 2,581,544,578.The detailed sales performance figures for GSM Foils Limited are presented below:ParticularsApril 2026April 2025YoY Growth (%)April-March 2026Net SalesRs. 270,270,283Rs...

Mahindra & Mahindra Announces Strong Financial Results for Q4 and FY2026 Mahindra & Mahindra Limited reported strong financial results for the fourth quarter and the full financial year ended March 31, 2026. The Board of Directors approved the results, showcasing solid growth and execution across multiple group businesses.The Group's performance highlights include maintaining market leadership and strong revenue growth in key sectors, such as SUVs, LCVs, and Tractors. The company also noted significant momentum from its Growth Gems portfolio, including Real Estate, Logistics, and Accelo.Consolidated Financial Performance For the fiscal year 2026, Mahindra & Mahindra recorded a consolidated revenue of Rs 198,639 crore, marking a 25%...

Force Motors Launches New Force Traveller N Range, Revamping Shared Mobility Platform Pune, India, May 5, 2026: Force Motors Limited, noted as India's largest van maker and a leading automotive manufacturer, today announced the launch of the New Force Traveller N Range. This new platform, which includes applications for ambulances, delivery vans, and school buses, signals a comprehensive transition for the company's Traveller line. With this launch, Force Motors will transition entirely to the new Force Traveller N Range, aligning all future production to the upgraded models, replacing the current-generation Traveller.The New Force Traveller N Range is designed to enhance comfort, convenience, reliability, and performance, while also...

Caplin Steriles Secures USFDA Final Approval for Calcium Gluconate Injection Caplin Steriles Limited (CSL), a subsidiary of Caplin Point Laboratories Limited, has received final approval from the United States Food and Drug Administration (USFDA). This approval pertains to its Abbreviated New Drug Application (ANDA) for Calcium Gluconate Injection USP.The approved product is a generic therapeutic equivalent version of the Reference Listed Drug (RLD) originally developed by Fresenius Kabi USA, LLC (NDA 208418). The injectable drug, marketed as Calcium Gluconate Injection USP, is indicated for the treatment of acute symptomatic hypocalcemia in pediatric and adult patients. The product is available in multiple formats, including 100...

Persistent Systems Partners with IIT Kharagpur to Establish AI Innovation Lab Persistent Systems Limited, a global Digital Engineering and Enterprise Modernization leader, has announced a significant collaboration with the Indian Institute of Technology, Kharagpur (IIT Kharagpur). An affiliate of Persistent has signed a Memorandum of Understanding (MoU) to launch an AI Innovation Lab within the Department of Computer Science and Engineering (CSE).The initiative, announced on May 5, 2026, aligns with Persistent's AI-first strategy and the shared vision of 'AI for All.' The purpose of the Lab is to create a long-term platform designed to advance AI research, deepen industry-academia collaboration, and build future-ready talent capable...

NHPC Limited Declares Commercial Operation of Units at Subansiri Lower HE Project NHPC Limited, a Government of India Navratna Enterprise, has announced a significant milestone regarding the Subansiri Lower HE Project in Assam/Arunachal Pradesh. The company confirmed the Commercial Operation (CoD) for a key unit within the 2000 MW facility.NHPC Limited declared Commercial Operation (CoD) for Unit #4, which has a capacity of 250 MW. This commercial operation status was declared effective from 00:00 hours on May 8, 2026.The project, designated as Subansiri Lower HE Project (8x250 MW) with a total capacity of 2000 MW, now has four units declared commercially operational. These units include Unit #1, Unit #2, Unit #3, and Unit #4, with...

SEBI Greenlights Global Bonds & Tax Instruments for OBPPs Amid Regulatory Overhaul The Securities and Exchange Board of India (SEBI) has initiated a crucial consultation process aimed at modernizing the regulatory landscape for Online Bond Platform Providers (OBPPs). The move seeks to significantly enhance the 'ease of doing business' by integrating global financial instruments, popular tax-saving bonds, and updating operational compliance norms.This comprehensive consultation paper outlines three key proposals that, if implemented, could vastly expand the scope and functionality of OBPPs, linking them more closely with international markets and domestic tax-saving investment vehicles. Stakeholders are urged to submit their views by...

Pritish Nandy Communications Wins Multiple Awards at 16th Dada Saheb Phalke Film Festival Pritish Nandy Communications (PNC) achieved significant recognition, securing multiple wins across key categories at the 16th Dada Saheb Phalke Film Festival. The festival took place on April 30, 2026, at Tivoli Garden Resort, New Delhi.PNC emerged as a top winner, earning honors including Best Web Series (Jury), Best Actor (Jury), Best Cinematography, and Best Director (Jury). Sarojini Chatterjee, Senior Manager for Brand & PR, represented the company at the ceremony. These wins underline the company's continued momentum in delivering contemporary, high-quality storytelling across various platforms.The company's acclaimed projects were central...

National Fertilizers Limited Announces Changes in Board of Directors Composition National Fertilizers Limited, a Government of India Undertaking, has reported changes concerning the composition of its Board of Directors. The update notes the conclusion of the tenure for two Non-Official Independent Directors, effective from May 2026.The board confirmed that Shri Jyoti Bhramar Tubid, a Non-Official Independent Director, and Shri Rabi Ranjan Sen, also a Non-Official Independent Director, completed their tenure on April 4, 2026. Consequently, both individuals ceased to be Directors on the Board of National Fertilizers Limited effective May 5, 2026.For tracking purposes, National Fertilizers Limited maintains the following listing...

Veedol Corporation Limited Announces Resignation of Managing Director Arijit Basu Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, has announced the resignation of its Managing Director, Mr. Arijit Basu. The announcement confirms that Mr. Basu's last working day with the company will be November 3, 2026.The Managing Director, Mr. Arijit Basu (DIN 07215894), submitted the intimation of his resignation on May 4, 2026. Mr. Basu has been associated with Veedol Corporation Limited since January 1, 2020, and has served as the Managing Director since March 1, 2023.The specific details regarding the change in leadership, including the reason and effective cessation date, are outlined below...

Aether Industries Ltd to Hold Board Meeting on May 15, 2026, to Review Financial Results Aether Industries Ltd announced that its Board of Directors meeting is scheduled for Friday, May 15, 2026. The meeting is set to consider and approve crucial agenda items, including the audited financial results for the last quarter and the full financial year.The primary focus of the board session will be the consideration and approval of the audited standalone and consolidated Financial Results. These results pertain to the Fourth Quarter and the Financial Year ended on March 31, 2026.In addition to reviewing the financial performance for the year, the Board agenda will also include discussions and approvals for other general business...

Hindustan Petroleum Corporation Ltd Announces Change in Independent Director Hindustan Petroleum Corporation Ltd (HPCL) announced that Shri Vivekananda Biswal has ceased to serve as an Independent Director of the company. The change is effective from May 05, 2026.The corporation noted that the departure of Shri Vivekananda Biswal (DIN: 00977767) follows the completion of his tenure of office, which concluded on May 04, 2026.This update details the change in the company's directorship and is for the records of the stakeholders.HINDPETRO Stock Price Movement As of 11:05 AM, shares of Hindustan Petroleum Corporation Limited are shedding 1.70% in live trading, currently standing at ₹367.5. The decline occurs amid robust market...

Jainco Projects India Ltd to Hold Board Meeting on May 13, 2026 Jainco Projects India Ltd announced that its Board of Directors will convene a meeting on May 13, 2026. The meeting is scheduled to take place at the company's registered office.The board meeting is slated to consider and take record of several key corporate matters. The agenda includes:Considering the appointment of a Company Secretary. Considering the appointment of a Compliance Officer. General Discussion. Any other matter with the permission of the Chairman.The meeting is set to take place on May 13, 2026. The notice was signed by Sumit Bhansali, the Managing Director of Jainco Projects India Ltd.Stock Price Movement As of 10:14, shares of Jainco Projects...

RBI Hits Mogaveera Bank with ₹20,000 Penalty Over Breach of Capital Adequacy Norms The Reserve Bank of India (RBI) has imposed a monetary penalty on Mogaveera Co-operative Bank Ltd. for alleged non-compliance with key prudential guidelines. The action underscores the central bank's commitment to maintaining robust regulatory standards within the cooperative banking sector.Through an order dated April 29, 2026, the RBI levied a penalty of ₹ 20,000 (Rupees Twenty Thousand only) on the Mumbai-based bank. This measure was taken under the framework of the Banking Regulation Act, 1949.RBI Imposes Penalty on Mogaveera Co-operative Bank The penalty specifically addresses the bank's failure to adhere to directions issued by the RBI...

Pricol Ltd to Hold 92nd Board Meeting to Review FY 2025-26 Financial Results Pricol Ltd has announced that its 92nd Board Meeting will be held on Thursday, May 14, 2026. The meeting is scheduled to consider the audited financial results for the quarter and the full year ending March 31, 2026.During the board session, the company will consider the audited financial results, which include both standalone and consolidated figures, for the fiscal year period ending March 31, 2026.PRICOLLTD Stock Price Movement Shares of Pricol Limited are slipping by 0.27% as of 11:02 AM, currently trading at ₹574.85. The stock sees 49,737 shares traded in the live market as the metal components firm trades within its day's range.

Nukleus Office Solutions Secures Letters of Intent for 75,000 sq. ft. Commercial Space in Noida Nukleus Office Solutions Limited, formerly known as Nukleus Office Solutions Private Limited, has executed binding Letters of Intent (LOIs) for leasing extensive commercial office spaces at Okaya Centre, Sector 62, Noida, Uttar Pradesh. This expansion move is part of the company's strategy to strengthen its presence in prime commercial areas and scale its managed office and co-working business operations.The company formalized two distinct LOIs for the leasing agreements. The first binding LOI was dated May 04, 2026, covering an area of approximately 25,000 sq. ft. super area on the 4th Floor of Tower 1. The second binding LOI, dated May...

Manappuram Finance Board Approves Key Leadership Changes and Director Appointments Manappuram Finance Limited announced significant governance updates following its Board of Directors meeting held on May 5, 2026. The Board approved changes in senior management roles, noted several resignations, and welcomed multiple new directors.The company confirmed that on and from April 21, 2026, the Investors, identified as BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, acquired control and became 'promoters' of the Company, alongside existing promoters. Furthermore, the amended and restated articles of association, approved by shareholders on April 16, 2025, became effective, along with the special rights for the Investors...

LTM and Uniphore Partner to Scale Domain-Specific AI Solutions Across Core Enterprise Workflows Uniphore, the Business AI Company, and LTM, a technology services firm, have announced a strategic partnership aimed at co-developing industry- and domain-specific Artificial Intelligence (AI) solutions. The collaboration will focus on combining Small Language Models (SLMs), AI agents, and deep domain expertise to revolutionize core business processes for large enterprises.The partnership centers on powering LTM's BlueVerse™ ecosystem using Uniphore's Business AI Cloud. This integration aims to deliver highly precise, domain-specific AI capabilities with governance, security, and compliance embedded by design, addressing the industry shift...

Dharani Sugars and Chemicals Limited Records Loan Default of 51.11 Crores Dharani Sugars and Chemicals Limited has reported a loan default regarding its obligations with various financial institutions. The default on the payments of principal and interest occurred on April 6, 2026.The company issued the disclosure on May 5, 2026, detailing the default amount and the various secured lenders involved.The total current default amount associated with the primary obligation stands at 51.11 crores. This sum comprises a principal default of 57.46 crores and an interest default of 3.65 crores.Loan Default Details The loan default is secured from multiple creditors, including National Asset Reconstruction Company Ltd and Sugar Development...