Markets

Canara HSBC Life Insurance Posts 19% WPI Growth, Crosses ₹10,000 Crore Total Premium in FY26 Canara HSBC Life Insurance Company Limited announced its audited financial results for the full year ended March 31, 2026. The company reported strong, broad-based performance improvement, achieving a Total Premium income of ₹10,046 crore and recording a 19% year-on-year (YoY) growth in Individual Weighted Premium Income (WPI).The performance highlights indicate that Canara HSBC Life Insurance delivered robust growth across key financial and operational metrics in Fiscal Year 2026 (FY26), maintaining its standing among top life insurers.Key Financial Highlights for FY26 The company reported that its Individual WPI reached ₹2,593 crore...

Power Evacuation Business Demerged: Inox Green and Inox Renewable to Become Two Focused Entities The demerger of a major business vertical is set to transform the structure of Inox Green Energy Services Limited (IGESL) and Inox Renewable Solutions Limited (IRSL). The company formed the Scheme of Arrangement, which proposes separating the Power Evacuation Business from IGESL and transferring it to IRSL. The proposed arrangement seeks to establish two distinct listed entities with specialized operational focuses.The transfer of the Power Evacuation Business—the "Demerged Undertaking"—will become effective from the appointed date of October 1, 2024.Strategic Rationale for the Demerger The rationale behind the demerger centers on...

Brigade Hotel Ventures Reports 8% Revenue Growth in Q4 FY26; PAT Jumps 92% Bengaluru, April 28, 2026: Brigade Hotel Ventures Ltd. (BHVL) announced its unaudited financial results for the quarter ended March 31, 2026. The company reported a consolidated total revenue of ₹146 Crores in Q4 FY26, marking an 8% increase over Q4 FY25. Consolidated Profit After Tax (PAT) surged to ₹25 Crores in Q4 FY26, up 92% compared to the previous comparable period's PAT of ₹13 Crores.During Q4 FY26, the consolidated revenue from operations stood at ₹136 Crores, compared to ₹134 Crores in Q4 FY25. The company’s EBITDA reached ₹58 Crores, representing a 13% growth over Q4 FY25.Key operational metrics for the quarter showed improvements in occupancy and...

Sanofi India Reports Quarterly Results While Announcing Key Governance Changes Sanofi India Limited announced its financial results for the quarter ended March 31, 2026. The company also utilized its Board meeting to announce key governance updates, including changes in directorship and the reconstitution of several board committees.The financial data for the quarter showed revenue growth in the domestic market, while management noted that overall results were affected by transactions related to partnership transitions.Financial Performance Overview The company provided the Statement of Unaudited Financial Results for the quarter ended March 31, 2026, along with comparative figures.The financial results in millions of Indian...

Skipper Limited Posts Record Financial Year, Driven by Operational Excellence and Global Momentum Skipper Limited, a major player in the Power Transmission & Distribution and Polymer segments, announced its financial results for the fourth quarter of FY26, ended March 31, 2026. The company, which is recognized as one of the world's leading manufacturers of Power Transmission & Distribution structures and a significant EPC player, reported a robust year marked by record revenue and improved profitability.The company’s stand-alone financial performance for the full year FY26 demonstrates substantial growth, reaching an annual revenue of ₹55,528 million, a 20% increase year-on-year. Profitability also hit new peaks, with Profit After Tax...

Advait Energy Transitions Forms Three New Subsidiaries to Boost Renewable and Clean Energy Focus Advait Energy Transitions Limited, formerly Advait Infratech Limited, has expanded its operational footprint by incorporating three new subsidiaries. The company confirmed that the subsidiaries received their Certificates of Incorporation from the Ministry of Corporate Affairs on April 27, 2026.The three newly incorporated entities are Advait Battery Ecosystems Private Limited, Advait Carbon Advisory & Renewables Assets Private Limited, and Advait Unified Renewable Assets Private Limited. All three subsidiaries share the registered office at A-801 to 803, Sankalp, Iconic, Opp. Vikram Nagar, Bodakdev, Ahmedabad, Gujarat.The strategic...

Anlon Technology Secures Domestic Order Worth Rs. 36.66 Lakhs from NEWAGE Fire Fighting Company Limited Anlon Technology Solutions Limited announced on April 28, 2026, that it has secured a new order from NEWAGE FIRE FIGHTING COMPANY LIMITED for the supply of specialized safety equipment. The contract, confirmed to be from a domestic entity, totals Rs. 36.66 Lakhs.The order involves the supply of various protective gear, including Protective Jacket Fire Flex En469-2020 Nomex XTR, Protective Trousers Fire Flex Nomex XTR, Protective Hood, Operator Gloves, and Fanergy High Performance Fan.According to details provided regarding the contract, the total value of the order is Rs. 36.66 Lakhs. This figure is broken down into Rs. 31.07...

Ventive Hospitality Limited Reports Rectification of Tax Demand, Reduces Assessment Liability to NIL Ventive Hospitality Limited announced the successful rectification of a previous tax demand notice, confirming that an earlier demand of Rs. 6,37,96,318/- has been fully addressed and reduced to NIL.The company reported that it had submitted a Rectification Application under Section 154 of the Income-tax Act, 1961, concerning a demand notice dated March 11, 2026. Ventive Hospitality Limited stated that the Assessing Officer accepted the Rectification Application.Following the acceptance of the application, the error in computation that formed part of the assessment order was rectified. The company noted that despite the...

Alok Industries Limited Appoints Shri Rajbir Saini as Manager and Key Managerial Personnel The Board of Directors of Alok Industries Limited has appointed Shri Rajbir Saini as Manager and Key Managerial Personnel. The appointment is effective from April 28, 2026, and will continue for a period of three years, subject to the approval of the company's members.The decision to appoint Shri Rajbir Saini was made following a recommendation by the Nomination and Remuneration Committee of the company.Shri Rajbir Saini is a seasoned professional bringing over 20 years of diversified experience across multiple sectors, including manufacturing, textiles, petrochemicals, and research and development. He currently serves in the role of Chief...

NDR Auto Components Receives Income Tax Appellate Orders for Three Assessment Years NDR Auto Components Limited has received appellate orders from the Income Tax Department, Office of the Commissioner of Income Tax (Appeals), concerning assessments for multiple financial years.The orders were dated April 24, 2026, and received on April 27, 2026, covering appellate actions taken under section 250 of the Income Tax Act, 1961. The assessment years addressed by these orders are 2021-22, 2023-24, and 2024-25.Management stated that the appeal for the assessment year 2022-23 remains pending before the Commissioner of Income Tax (Appeal).The orders impact the outstanding demand across the assessed years, which the company reported in...

Solara Announces Successful Closure of US FDA Inspection at Puducherry Facility Chennai, India, April 28, 2026: Solara Active Pharma Sciences Limited (Solara), a prominent pure play Active Pharmaceutical Ingredient manufacturer, has announced the successful conclusion of a US Food and Drug Administration (US FDA) inspection at its Puducherry Ibuprofen manufacturing facility.The unannounced inspection was carried out by the US FDA between February 2 and February 6, 2026. Following the submission of the company’s formal response to observations cited during the inspection, the Agency issued an Establishment Inspection Report (EIR) on April 24, 2026. The inspection classified the facility as 'Voluntary Action Indicated (VAI)' and...

Mcon Rasayan India Limited Boards Approve Rs 2.5 Crore Ad Hoc Cash Credit Facility from Axis Bank Mcon Rasayan India Limited announced that its Board of Directors convened on April 28, 2026, and approved the sanctioning of an ad hoc cash credit facility. The facility is provided by Axis Bank India Limited.During the meeting, the company considered and approved the ad hoc cash credit facility of Rs 2,50,00,000 (Rupees Two Crore Fifty Lakhs Only) from Axis Bank India Limited.Details regarding the sanctioned facility highlight the operational nature of the loan and the existing financial structure.ParticularDetailName of BorrowerMcon Rasayan India LimitedName of LenderAxis Bank India LimitedNature of LoanWorking Capital...

Rail Vikas Nigam Limited Secures LOA from NMDC for Residential Campus Construction in Hyderabad Rail Vikas Nigam Limited (RVNL) has received a Letter of Award (LOA) from NMDC Limited for a significant construction project located in Hyderabad.The awarded work involves the 'Construction of Residential Campus for Senior & Board Level Executives at Banjara Hills, Hyderabad (Phase -II).'The company confirmed that the undertaking of this work falls within the normal course of RVNL’s business operations. The LOA from NMDC Limited marks a key development for RVNL in its ongoing expansion and development activities.RVNL Stock Price Movement Today, Rail Vikas Nigam Limited shares gained ₹3.05, settling at ₹309 and reflecting a 1.00% climb...

SEBI Slashes Massive Penalty on Winsome Yarns Noticee as Evidence of Money Trail Fails The Securities and Exchange Board of India (SEBI) has released a final quasi-judicial order significantly reducing a major penalty imposed in the ongoing dispute surrounding the Global Depository Receipts (GDR) issue by Winsome Yarns Ltd. The final ruling marks a key shift, fundamentally revisiting the quantum of liability against the Noticee, Arun Panchariya.The reduction in penalty comes after years of legal battles, including appearances before the Securities Appellate Tribunal (SAT). The ruling highlights the critical role of proving the actual flow of funds, determining that without a clear money trail, the initially assessed penalty could not...

Piccadily Agro Industries Approves Demerger of Sugar Business and Releases Financial Results Piccadily Agro Industries Limited announced that its Board of Directors approved a major Scheme of Arrangement and released its audited financial results for the quarter and year ended March 31, 2026, following a board meeting held on April 28, 2026.The board meeting addressed several key corporate actions, including the approval of the company's audited financial statements, the implementation of a scheme of arrangement involving a demerger, and changes in statutory auditors.Demerger Scheme Approved The Company approved a Scheme of Arrangement between Piccadily Agro Industries Limited and Piccadily Food & Essential Limited (a wholly owned...

United Heat Transfer Limited Secures Order from Ingersoll-Rand (India) Limited United Heat Transfer Limited, previously known as United Heat Transfer Private Limited, has secured a purchase order for the manufacturing and supply of heat exchangers from Ingersoll-Rand (India) Limited. The contract, which is designated for the company's domestic plant, has a total value of Rs. 25,50,000/- approximately (excluding tax).The contract details provide several key operational parameters. The total consideration size is Rs. 25,50,000/- approximately (excluding tax), with the required delivery timeline set for 30th May, 2026.The transaction is structured with clear terms and conditions, as outlined in the contract details...

Jet Freight Logistics to Seek Shareholder Approval for Re-appointment of Key Directors Jet Freight Logistics Limited has initiated a Postal Ballot process seeking special resolution approval from its members for the re-appointment of two key directors, Mr. Richard Francis Theknath and Mr. Dax Francis Theknath. The resolutions primarily address their reappointment and the fixing of their remuneration packages for a three-year period.The Company set the cut-off date for considering shareholders to April 24, 2026. The associated remote e-voting facility commenced on Wednesday, April 29, 2026, and concluded on Thursday, May 28, 2026. The results of the Postal Ballot are scheduled for announcement on or before May 30, 2026.Re-appointment...

Star Health Announces Audited Financial Results for FY 2025-26 Following Board Meeting Star Health and Allied Insurance Company Limited announced that its Board of Directors held a meeting on Tuesday, April 28, 2026. During the meeting, the Board considered and approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The financial results were reviewed alongside the independent auditors' report issued by M/s. T R Chadha & Co LLP and M/s. MSKA & Associates (A Member Firm of BDO India LLP), the joint statutory auditors of the Company.The joint statutory auditors, M/s. MSKA & Associates LLP and T R Chadha & Co LLP, issued an audit report providing an unmodified opinion on the Annual...

Kotak Mahindra Bank Pays Principal and Interest on Senior Unsecured Bonds Kotak Mahindra Bank Limited confirmed the remittance of principal and interest to the eligible bondholders regarding its 8.25% Senior Unsecured Redeemable Long Term Bonds. The payments were processed on April 28, 2026.The details confirm the full repayment of the bonds, which were issued as Non-Convertible Debentures (NCDs). The transaction marked the maturity of the bond issue, for which the bank released the total principal amount and the accrued interest.The payment details for the bond are summarized below:MetricISINDue Date / Actual Payment DateAmountPrincipal AmountINE237A08940April 28, 2026Rs. 150 croreInterest AmountINE237A08940April 28...

Supreme Infrastructure India Limited Shares to Change Trading Categories on May 05, 2026 Supreme Infrastructure India Limited has announced a change in the trading category and group for its equity shares across the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). These category changes are effective starting May 05, 2026.The company confirmed that the trading in its equity shares will be repositioned on both major exchanges.NSE Listing Update The National Stock Exchange of India Limited informed that the trading of Supreme Infrastructure India Limited's equity shares, identified by the symbol SUPREMEINF, will be transferred from the 'BZ' Series to the 'EQ' Series. This change is scheduled to be...