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Mobilise App Lab Limited Consolidates Operations into New 15,000 Sq. Ft. Facility; Appoints Chief Technology Officer Mobilise App Lab Limited announced several key operational and structural upgrades, including the consolidation of its office space, the commissioning of advanced technology units, and the appointment of a new Chief Technology Officer (CTO). These developments reflect the company's commitment to scaling its product and service capabilities.Facility Consolidation and Expansion The company has completed the consolidation of its physical infrastructure into a much larger, new facility located at Sector 27, Haryana 121003. Previously, the company operated across two offices, totaling an occupied space of approximately 6,000...

HCL Infosystems Limited Receives INR 26.35 Crores Refund from Rajasthan VAT Authorities HCL Infosystems Limited has received a substantial refund of INR 26.35 Crores from the Value Added Tax (VAT) Authorities. The refund pertains to a pre-deposit amount related to the taxability of batteries sold in composite packs bundled with mobile phones within the State of Rajasthan.The refund successfully concluded the financial matter covering tax periods 2009-10 and 2011-12. The funds were received from the VAT Authorities regarding the specific operational concern of batteries sold in composite packs along with mobile phones.HCL-INSYS Stock Price Movement Shares of HCL Infosystems Limited are edging higher to ₹12.22 as of 10:42 AM today...

Eco Recycling Limited Receives Eligibility Status Under National Critical Minerals Mission Eco Recycling Limited has received official recognition, securing an Eligibility Status Letter dated April 30, 2026. This status was granted under the Incentive Scheme for Promotion of Critical Mineral Recycling, part of the National Critical Minerals Mission (NCMM).The recognition was provided by Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), which acted as the Project Management Agency on behalf of the Ministry of Mines, Government of India.This achievement marks a significant milestone for the company's long-term strategic roadmap, positioning it within the formalized structure of critical mineral recycling in...

Lehar Footwears Establishes New Unit in Kundli, Haryana; Plans Capacity Expansion Lehar Footwears Limited has initiated the establishment of a new manufacturing unit for footwears at Plot No. 15A, Sec-56, Phase IV, HSIIDC Kundli, Haryana-131028. The commercial production and operations at this new facility are scheduled to commence from July 2026.The company also detailed plans for a new product launch and significant capacity enhancement, focusing on the athleisure segment.New Product Launch and Capacity Expansion The new product line is categorized as Sport Shoes and EVA, designed for males, females, and kids. The product caters to both the domestic and international markets. While the anticipated launch date for commercial...

Lehar Footwears Announces 5x Capacity Boost with New Sports Footwear Facility in Kundli, Haryana Lehar Footwears Limited has announced a major expansion of its manufacturing capabilities with the establishment of a new, large-scale facility in Kundli, Haryana. This move is strategically aimed at strengthening the company's market presence within the fast-growing athleisure and sports footwear sector.The new unit in Kundli is set to significantly scale up the company's production capacity. The facility is expected to increase output from approximately 1 lakh pairs per month to 5 lakh pairs per month in a phased rollout.The company confirmed that it has signed a rent agreement for the proposed facility. Lehar Footwears aims to begin...

Desco Infratech Reports Robust Growth in FY26 Results Amid Strategic Expansion and International Push Desco Infratech Limited, a key player in India's infrastructure and energy sector, has announced its audited financial results for the half year and the full year ended March 31, 2026. The results highlight steady operational performance and sustained strategic expansion across the Company's core business segments.The City Gas Distribution (CGD) segment continues to be a primary driver of growth, benefiting from strong execution of pipeline infrastructure projects and increasing demand within the clean energy sector. The Company is focused on enhancing its operational excellence and expanding its footprint across various geographies...

Mini Diamonds Announces Mother's Day Offer: 50% Discount on Jewellery Making Charges Mini Diamonds (India) Limited, through its wholly owned subsidiary Namra Jewels Private Limited, has announced a special in-store celebration for Mother's Day. The offer, designed to enhance customer engagement, is available at Namra Jewels' flagship store located at Atria Mall, Worli, Mumbai.To mark the occasion, the company is providing an exclusive flat 50% discount on labour and making charges for all jewellery purchases. This promotion is valid from May 5, 2026, through May 20, 2026. The initiative is aimed at helping customers express love and appreciation using fine lab-grown diamond jewellery.The company noted that the Mother's Day offer...

L&T Secures Large Order from BCGCL for Coal Gasification Project in Odisha Larsen & Toubro Limited (L&T) has secured a substantial order from Bharat Coal Gasification and Chemicals Ltd (BCGCL), a joint venture between Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL). The project involves a critical Coal-to-Ammonia-Nitrate facility aimed at reinforcing India's energy security in Odisha.The order specifically covers the development of the Nitric Acid and Ammonium Nitrate Plant. This facility will be executed on a Lump Sum Turnkey basis (LSTK Package-4), offering single-point responsibility for the entire development lifecycle. Once operational, the plant is projected to have a production capacity of 2,000 tonnes per day...

Zydus VTEC Subsidiary Receives Tax Demand Order Pertaining to Input Tax Credit Zydus VTEC Limited, a wholly owned subsidiary of Zydus Lifesciences Limited, has received an Order-In-Original concerning alleged availment of inadmissible Input Tax Credit. The order was issued by the Deputy Commissioner of CGST & Central Excise, Ahmedabad North Commissionerate, covering the period from September 2020 to March 2023.The tax action was passed under Section 74 of the CGST Act, 2017. The authority has demanded and imposed a penalty of Rs. 9.00 million each for the specified period.The following table outlines the details of the tax action initiated against Zydus VTEC Limited:ParticularsDetailsAuthorityDeputy Commissioner of CGST &...

The Address Maker Group Taps Unitern as Strategic Land Advisory Partner for Mumbai and Bengaluru Growth The Address Maker Group, a recognized real estate developer in India, has appointed ArisUnitern RE Solutions Private Limited (Unitern) as its strategic Business Development and Land Advisory partner. This collaboration aims to fuel the Group's expansion efforts across the Mumbai Metropolitan Region (MMR) and Bengaluru.Unitern, which is a subsidiary of the BSE/NSE-listed ArisInfra Solutions Limited, will function as an extended arm for The Address Maker Group in both major markets. Its engagement includes end-to-end responsibility for the entire land transaction lifecycle. This process ranges from initial opportunity identification...

Clean Max Enviro Energy Solutions to Sell Subsidiary Shares to TATA Communications Clean Max Enviro Energy Solutions Limited has announced the board-approved sale of shares in its wholly owned subsidiary, Clean Max Yuhdul Private Limited. The transaction involves selling 2,600 shares to TATA Communications Limited.The company's Board of Directors approved the sale of the subsidiary's shares on May 4, 2026. The buyer for the shares is TATA Communications Limited.Transaction Details The sale is scheduled to proceed with TATA Communications Limited, which is confirmed not to belong to the promoter or promoter group of Clean Max Enviro Energy Solutions Limited.Key financial and procedural details of the planned divestment include...

Infosys Completes Acquisition of Optimum Healthcare IT to Bolster Digital Health Offerings Infosys, a global technology services leader, has completed its acquisition of Optimum Healthcare IT, a specialized healthcare digital transformation and consulting firm. The acquisition, which follows an announcement made on March 25, 2026, significantly strengthens Infosys’ presence and capabilities within the provider healthcare segment.Optimum Healthcare IT is recognized as a Best in KLAS healthcare digital transformation and consulting firm known for assisting provider organizations in driving large-scale transformations.The acquisition underscores Infosys' commitment to enhancing its healthcare services, particularly in collaboration...

Mahindra Holidays & Resorts Appoints Rajiv Vimal as New Chief Financial Officer Mahindra Holidays & Resorts India Limited announced significant changes to its senior leadership, confirming the resignation of Mr. Vimal Agarwal as Chief Financial Officer (CFO) and the appointment of Mr. Rajiv Vimal to the same position. The company's Board of Directors noted and approved these changes during a meeting held on May 5, 2026.Mr. Vimal Agarwal tendered his resignation from the post of CFO and Key Managerial Personnel. His departure is effective from the close of business hours on June 30, 2026, due to his transition to a new role within the Mahindra Group.In a replacement move, the Board of Directors has approved the appointment of Mr...

Lupin Limited Receives U.S. FDA Approval for Glycerol Phenylbutyrate Oral Liquid Mumbai, India, Naples, Fla, May 5, 2026: Global pharmaceutical major Lupin Limited today announced that it has secured approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Applications (ANDAs) concerning Glycerol Phenylbutyrate Oral Liquid, 1.1 grams per mL.This newly approved product, Glycerol Phenylbutyrate Oral Liquid, 1.1 grams per mL, is bioequivalent to the reference listed drug (RLD), Ravicti® Oral Liquid, 1.1 grams per mL, manufactured by Horizon Therapeutics U.S. Holding LLC. The drug is indicated for the chronic management of patients dealing with urea cycle disorders (UCDs) that cannot be managed...

South West Pinnacle Exploration Reports 35% Revenue Growth, PAT Jumps 101% in FY26 South West Pinnacle Exploration Limited (SWPEL), an integrated service provider specializing in the drilling and exploration of natural resources, announced its audited financial results for the fourth quarter and the full fiscal year 2025-26, which ended on March 31, 2026. The company reported significant year-on-year growth across its key financial metrics.The company achieved its highest ever revenue, growing 35% year-on-year (YOY) to Rs. 2430 Million. Profit After Tax (PAT) demonstrated robust growth, increasing 101% YOY to Rs. 330 Million.Financial Performance Summary The following table provides a detailed comparison of the key financial and...

Organic Recycling Systems Ltd Collaborates with General Carbon Advisory Services on CBAM Advisory Organic Recycling Systems Limited (ORSL) has formed a strategic business development and service collaboration with General Carbon Advisory Services Private Limited (GC Advisory). This partnership aims to strengthen ORSL's offerings in sustainability and carbon management, with a specific focus on Carbon Border Adjustment Mechanism (CBAM) advisory and compliance support.The collaboration marks a significant expansion for ORSL, allowing the company to extend its expertise beyond traditional waste valorisation, bioenergy, and environmental engineering into high-value sustainability advisory services.Under the new arrangement, ORSL will...

RBI Issues Stern Warning: Beware of 'Loan Waiver' Scams Undermining India's Credit System The Reserve Bank of India (RBI) has sounded a critical alarm for the public regarding unauthorized and misleading campaigns promising loan waivers. The central bank has repeatedly drawn attention to the financial sector, expressing serious concern over the continued proliferation of these deceptive schemes.The RBI cautions that these misleading activities are operating through various media channels and direct outreach methods. Authorities warn that such campaigns do not only misguide the general public but also significantly interfere with the orderly functioning of the country's credit system.RBI Flags Unauthorized Loan Waiver Campaigns The...

Black Box Ltd Assures No Undisclosed Information Amid Volume Inquiry Black Box Ltd announced on April 29, 2026, that the company has no undisclosed or price sensitive information that requires immediate reporting to the stock exchanges. This confirmation follows a communication regarding a significant movement in the company's trading volume.In its statement, the company addressed inquiries about volume changes and maintained that there is no impending corporate action or announcement at this time.Black Box Ltd confirmed its commitment to timely disclosure, assuring stakeholders that the company will continue to promptly inform the exchanges of all material events or information that impact its operations or performance.BBOX Stock...

SEBI Directs Massive ₹79.85 Lakh Remittance; Banks Must Action Funds Under New General Order The Securities and Exchange Board of India (SEBI) has issued a stringent General Remittance Order, mandating all banks and mutual funds to remit funds belonging to specific defaulters. The directive, dated April 29, 2026, concerns the recovery of substantial dues totaling Rs. 79,85,836.42/-.The order, issued under RC No. 9057 of 2026, targets three individuals: Prijesh A. Kurani, Ashish P. Shah, and Nishil K. Malde. The move underlines SEBI's robust enforcement measures in safeguarding investor and regulatory dues.SEBI Issues General Remittance Order to Financial Institutions The notice is addressed to the Principal Officer / Chairman &...

Texmaco Rail Launches Invariz, a ServiceNow-Powered GCC Brand for Global AI Services Kolkata, India, April 29, 2026: Texmaco Rail & Engineering Ltd, a subsidiary of the Adventz Group, has announced the launch of a new network of Global Capability Centres (GCCs) across India. This network operates under the brand name invariz and is powered by the ServiceNow platform, marking the company’s strategic entry into AI-led global services and digital solutions.The company, an 86-year-old engineering major, views the GCC initiative as a significant pivot, integrating advanced AI platforms into its operations. Texmaco reported that the initial center was soft launched in Faridabad late last year, and the firm plans to scale operations to...