Markets

Oil India Limited Announces Hydrocarbon Discovery in Libya's Ghadames Basin Oil India Limited (OIL), a Maharatna CPSE under the Government of India, has reported a significant hydrocarbon discovery in the overseas Block Area 95/96 in Libya. The development highlights OIL’s expanding international exploration portfolio.OIL is part of an Indian consortium, which includes M/s IOCL, holding a 25% Participating Interest in the onshore exploration Block. This crucial area, Area 95/96, is located in the highly prospective Ghadames Basin in south-western Libya, covering an expansive area of approximately 6,630 sq. km. The exploration activities in this block are being operated by M/s SIPEX.The block has a commitment for 08 exploratory...

Anand Kumar Appointed General Manager (Material Management) at Bharat Coking Coal Limited Bharat Coking Coal Limited has announced a change in its senior management structure, appointing Shri Anand Kumar as the new General Manager and Head of Department (HoD) for Material Management, effective April 27, 2026.The appointment follows the transfer of Shri Parthaasis Ram, the former General Manager / HoD (Material Management), to another subsidiary of Coal India Limited. As a result of this transfer, Shri Anand Kumar has assumed the role of General Manager / HoD (Material Management) at Bharat Coking Coal Limited.Shri Anand Kumar now functions as a Senior Management Personnel of the Company.The company noted that Shri Anand Kumar has...

Unimech Aerospace Incorporates Wholly Owned Subsidiary, Uniflux Renewable Energy Unimech Aerospace and Manufacturing Limited, which was formerly known as Unimech Aerospace and Manufacturing Private Limited, has successfully incorporated a wholly owned subsidiary named Uniflux Renewable Energy Private Limited. The company confirmed the receipt of the Certificate of Incorporation from the Central Processing Centre, Ministry of Corporate Affairs, on April 27, 2026.This move marks the company's expansion into a new venture, focusing on the renewable energy sector while maintaining its roots in the manufacturing industry.The subsidiary, Uniflux Renewable Energy Private Limited, was incorporated on April 27, 2026, and falls under the...

Bandhan Bank Appoints Sandip Kumar Bubna as Interim Chief Audit Executive/HIA Bandhan Bank Ltd. announced that its Board of Directors, at a meeting held on April 27, 2026, approved the appointment of Mr. Sandip Kumar Bubna as the Interim Chief Audit Executive (CAE) and Head of Internal Audit (HIA).The appointment is effective immediately and will serve for a period of six months, or until a permanent CAE/HIA joins the Bank, whichever occurs earlier. The bank stated that the details of a new CAE will be communicated in due course once approved by the Board.This development follows the resignation of Mr. Navin Sharma from the position of Chief Audit Executive/Head of Internal Audit.Profile of Mr. Sandip Kumar Bubna Mr. Sandip Kumar...

Alembic Pharmaceuticals to Hold Board Meeting on May 15 to Discuss FY2026 Results and Dividend Alembic Pharmaceuticals Ltd announced that its Board of Directors will convene a meeting on Friday, May 15, 2026. The primary purpose of the meeting is to review and consider the audited financial results of the company for the quarter and the full financial year ended March 31, 2026.During the session, the board is scheduled to address two main items. First, it will consider and approve the audited financial results for the quarter and the entire financial year that closed on March 31, 2026. Second, the directors will consider and recommend any dividend on the equity shares for the financial year ending March 31, 2026.The company also...

Tamilnad Mercantile Bank Ltd Announces Results for FY 2026, Recommends 125% Final Dividend Tamilnad Mercantile Bank Ltd announced the approval of its audited standalone financial results for the Quarter and Financial Year ended March 31, 2026, following a Board meeting held on April 27, 2026. The Board of Directors also recommended the payment of a Final Dividend for the Financial Year 2025-26.The Board meeting confirmed the audited results, noting that the Joint Statutory Central Auditors issued an unmodified opinion on the Audited Standalone Financial Results for the Financial Year Ended March 31, 2026.Dividend Recommendation The Board of Directors recommended a Final Dividend of ₹12.50 per equity share, representing 125% of the...

Eurogrip Tyres Launches 15th Exclusive Store in Bahraich, Uttar Pradesh Eurogrip Tyres, the leading two and three-wheeler tyre brand from TVS Srichakra Ltd., announced the opening of its newest exclusive retail store in Bahraich, Uttar Pradesh. The establishment marks the brand's 15th signature store across India, strengthening its retail footprint and reinforcing its commitment to comprehensive two-wheeler care.The new outlet was inaugurated on April 27, 2026.TVS Srichakra Ltd.'s Chief Operating Officer, Mr. T.K. Ravi, stated that the expansion brings high-quality products and dependable services closer to customers. He noted that Uttar Pradesh is a key market for the brand, especially due to its growing two-wheeler community...

Dalmia Bharat Sugar to Hold Board Meeting on May 05 to Approve FY Results and Dividend Recommendation Mumbai: Dalmia Bharat Sugar and Industries Ltd announced that its Board of Directors meeting is scheduled for Tuesday, May 05, 2026. The meeting is set to address key financial and corporate governance matters, including the consideration and approval of the financial results for the fiscal year ending March 31, 2026.During the board session, the company will review both the Standalone and Consolidated Audited Financial Results for the quarter and the full year ended March 31, 2026. Furthermore, the board is scheduled to recommend a dividend, if any, for the financial year ending March 31, 2026.The company, which operates in sectors...

Bank of India to Consider Raising Capital Through Basel III Compliant Bonds Bank of India has announced that its Board of Directors will be considering a proposal to raise capital through the issuance of Additional Tier 1 and Tier 2 Bonds. The capital raise is designed to support the bank's financial structure for the fiscal year 2026-27.The bank plans to issue Basel III compliant Additional Tier 1 and Tier 2 Bonds.The board is scheduled to consider this major capital-raising proposal during a meeting proposed on April 30, 2026.BANKINDIA Stock Price Movement Shares of Bank of India are edging higher to ₹148.24 as of 1:26 PM today, rallying 0.54% and climbing ₹0.80 in live trading. The equity has seen significant momentum in the...

MobiKwik Group Secures RBI Approval for NBFC, Enhancing Full-Stack Fintech Capabilities One MobiKwik Systems Ltd. (MobiKwik) announced that the Group's application for a Non-Banking Financial Company (NBFC) license has received approval from the Reserve Bank of India (RBI). This approval marks a substantial development, significantly deepening the Group's financial services offerings and solidifying its position as a comprehensive fintech platform.The NBFC license will enable the establishment of a new lending division, MobiKwik Financial Services Private Limited (MFSPL), which is a wholly owned subsidiary of the Group. This new subsidiary will enhance the Group's regulated lending capabilities and allow it to design innovative credit...

MRPL to Form Joint Venture Company with ONGC and OPaL for Petrochemicals Marketing Integration Mangalore Refinery and Petrochemicals Limited (MRPL) has announced the planned formation of a Joint Venture Company (JVC) aimed at integrating the petrochemical marketing of the Group's companies. The initiative involves a partnership between Oil and Natural Gas Corporation Limited (ONGC), MRPL, and ONGC Petro additions Limited (OPaL).According to the details provided, the Board of Directors of ONGC has approved the formation of this JVC. Under the proposed partnership structure, the shareholding ratio among the three entities will be 50:25:25, held by ONGC, MRPL, and OPaL, respectively.In relation to its stake in the new Joint Venture...

Kaiser Corporation Ltd Approves Shifting of Registered Office in Mumbai Kaiser Corporation Ltd held its Board meeting on April 27, 2026, during which the Board of Directors formally approved the shifting of the company’s registered office.The proceedings commenced at 11:00 a.m. and concluded at 12:45 p.m., chaired by Managing Director Mr. Bhushanlal Arora. The meeting began with the approval of the Minutes of the previous Board meeting, which was held on March 31, 2026.Registered Office Relocation The primary focus of the board was the approval of the company's shift of registered office. The Board decided to relocate the registered office from its current address at Unit No 283-287, 2nd floor, F Wing, Solaris-I, Saki Vihar Road...

Gayatri Rubbers And Chemicals Limited to Hold Board Meeting to Approve Financial Results Gayatri Rubbers And Chemicals Limited has scheduled a meeting of its Board of Directors for Thursday, April 30, 2026. The board meeting is set to approve the audited financial results for both the half year and the full financial year that ended on March 31, 2026.During the meeting, the board is also expected to take on record the comprehensive reports from the company's auditors.In addition to the approval of financial records, the company announced details regarding its trading window restrictions. The closure of the trading window for designated persons and their immediate relatives will remain in effect until 48 hours after the financial...

Pine Labs Acquires Shopflo to Build Full-Stack Unified Commerce and Payments Platform Global fintech platform Pine Labs Ltd. has announced the acquisition of Shopflo Technologies Private Limited, marking a major strategic move to evolve into a comprehensive, full-stack payments and commerce platform serving both online and offline channels. The acquisition unites Pine Labs' advanced payments infrastructure with Shopflo's specialized online checkout optimization capabilities.Pine Labs approved the acquisition of a 100% stake in Shopflo Technologies Private Limited through the purchase of shares from existing shareholders. The total cost of the acquisition is stipulated at up to 88 Cr in one or more tranches. The transaction is expected...

IDFC FIRST Bank Allots Equity Shares to Employees Under Stock Option Scheme IDFC FIRST Bank Ltd. announced the allotment of equity shares to eligible employees following the exercise of vested stock options under the company's Employee Stock Option Scheme (ESOS).The Bank's Board of Directors approved the allotment of 6,05,941 fully paid-up equity shares, each with a face value of ₹10/-, on April 27, 2026. These shares were allotted to employees upon the exercise of previously granted and vested stock options under the 'IDFC FIRST Bank - ESOS' framework. The Bank confirmed that the newly allotted equity shares will rank pari passu with the Bank's existing equity shares in all respects.The allotment increases the company's issued and...

Sterling Tools Partners with China's Nanjing Haohang to Develop Advanced Rider Assistance Systems for India Sterling Tools Limited, a leading automotive components and technology provider, has entered into a Technology Collaboration Agreement (TCA) and Supply Agreement (SA) with Nanjing Haohang Technology Co., Ltd. of China. This strategic partnership focuses on localizing the engineering, system adaptation, manufacturing, and sales of Advanced Rider Assistance Systems (ARAS) specifically tailored for India's two-wheeler market.Advanced Rider Assistance Systems (ARAS) are designed for two-wheelers and function similarly to Advanced Driver Assistance Systems (ADAS) used in cars. These systems utilize sensors, software, and control...

Shekhawati Industries Approves Results, Increases Authorized Share Capital to Rs. 60 Crore Shekhawati Industries Limited (formerly Shekhawati Poly-Yarn Limited) held its Board of Directors meeting on April 27, 2026, and approved several material corporate updates, including the audited financial results for the quarter and year ended March 31, 2026, and a significant enhancement to its authorized share capital.The Board's approvals covered the financial results, capital structure changes, re-appointment of statutory auditors, and administrative approvals for the upcoming Annual General Meeting (AGM).Capital Structure and Audit Appointments During the meeting, the Board approved several key corporate actions:1. Authorized Share...

Jet Freight Logistics Approves Re-appointment of Key Leadership for Three-Year Term Jet Freight Logistics Ltd. held its Board of Directors meeting on Monday, April 27, 2026, approving the re-appointment of two senior leaders, Mr. Richard Francis Theknath and Mr. Dax Francis Theknath, to key roles within the company.The Board's decisions regarding the re-appointments and the preparation of the notice for a Postal Ballot were approved during the meeting. Both appointments are effective from June 20, 2026, to June 19, 2029, with both individuals being liable to retire by rotation. The appointment details are subject to the approval of the company's shareholders via a Postal Ballot.Richard Francis Theknath Re-appointed as Managing...

Supreme Industries Announces Audited Financial Results for FY 2025-2026 Supreme Industries Limited, India's leading plastics product manufacturer, announced its Audited Standalone and Consolidated financial results for the Quarter and Year ended March 31, 2026, following a Board Meeting.The company reported significant performance metrics across its diversified product portfolio, which includes Plastic Piping System, Moulded Products, Protective Packaging Products, Material Handling Products, and Moulded Furniture.Financial Performance Overview (Rs. in Crores) The financial data highlights the company's performance trends for the fiscal year ending March 31, 2026.Standalone Results:ParticularsQ4 FY 26Q4 FY 25Change %FY 25-26FY...

Bansal Wire Industries Ltd. to Host Earnings Call for Q4 and FY26 Performance Bansal Wire Industries Limited, a manufacturer of steel wires, has announced an earnings conference call to review the company’s financial performance for the fourth quarter and the financial year ended March 31, 2026.The management of Bansal Wire Industries Limited is hosting the call on Thursday, April 30, 2026, at 03:30 PM IST. Participants will be invited to a detailed discussion on the company’s financial results and overall performance.The conference call agenda will begin with a brief management discussion covering the company's performance for the fourth quarter and the financial year, followed by an interactive question and answer session with...