Markets

ICRA Upgrades Fineotex Chemical Limited's Long-Term Rating to AA- (Stable); Reaffirms Short-Term Rating Fineotex Chemical Limited, a leading multinational specialty performance chemical producer, has received an upgraded credit rating from ICRA Limited. ICRA upgraded the company's long-term credit rating to AA- (Stable), effective August 24, 2026, from the previous rating of A+ (Positive). The short-term rating of A1+ was also reaffirmed by ICRA.The rating action reflects a strong improvement in the scale and diversification of the Fineotex Group's operations. This improvement is closely linked to the FY2026 acquisition of a 53.33% controlling stake in CrudeChem Technologies (CCT) Group, a US-based specialty chemical manufacturing...

Syngene International Invests in Ampin C&I Power Twelve for Renewable Power Acquisition Syngene International Limited has entered into a Share Subscription and Shareholders Agreement with Ampin C&I Power Twelve Private Limited (AMPIN) to facilitate the acquisition of renewable power. This strategic move aims to enhance the Company's renewable energy consumption and support its decarbonization objectives.The investment involves Syngene acquiring an equity stake in AMPIN through the aforementioned agreements, which also include a Power Purchase Agreement. This acquisition is set to allow Syngene to maintain captive status as per the Electricity Act.To achieve its green energy procurement goals and reduce operational energy costs and...

RateGain Appoints Shobana Kailash as Chief Human Resources Officer to Lead AI-First Global Strategy RateGain Travel Technologies Limited, a provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced the appointment of Shobana Kailash as Chief Human Resources Officer (CHRO). Kailash will be responsible for leading RateGain's global people strategy as the company scales and focuses on its transition toward an AI-first future.As CHRO, Shobana Kailash will oversee talent development, organizational culture, and leadership development. She will collaborate with the leadership team to strengthen the company's capabilities amid its phase of global growth. A key component of her mandate is ensuring that...

Tempsens IPO Allotment Confirmed: Massive Demand Surges as Shares command Premium of 105% Tempsens Instruments is set to finalize the basis of allotment for its Rs 650-crore Initial Public Offering (IPO) today, August 25. The issue received an overwhelmingly strong response from investors during the bidding period, indicating high market enthusiasm for temperature-sensing solutions. Shares are scheduled to list on the BSE and NSE on August 28, following refund initiation and allotment credit on August 27.##Subscription Details Drive Listing HypeThe IPO witnessed a massive subscription level across all investor categories. According to data from NSE, investors placed bids for 2,79,44,59,050 shares against the offer of 1,51,81,667...

Mangalam Alloys Limited Announces Resignation of Key Managerial Personnel Mangalam Alloys Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Jitendrakumar Hiralal Kalal. The resignation, which was tendered due to personal reasons, is effective from August 24, 2026.Mr. Jitendrakumar Hiralal Kalal, holding Membership No. A42407, held the dual role of Company Secretary and Compliance Officer within the company.The resignation details, which include the cessation date, were officially documented.Key details regarding the change in personnel are summarized below:RoleIndividualDate of CessationReasonCompany Secretary & Compliance OfficerMr. Jitendrakumar Hiralal Kalal (A42407)August 24...

Stock Split Alert: Travel Firm's Rally Ignites as Waterways Leisure Tourism Nears Record Date for 1:10 Share Division Waterways Leisure Tourism, the operator behind the Cordelia Cruises brand, has fixed a critical date for its investors. The company set August 26 (Wednesday) as the record date for its maiden 1:10 stock split. This makes today the final day for interested parties to purchase shares of the recently listed travel firm and be eligible for the corporate action.Deadline Looms for Investors on Waterways Leisure Tourism Stock Split The significance of the deadline is rooted in SEBI's T+1 settlement cycle. To ensure eligibility, investors must buy the company’s shares at least one trading day prior to the record date...

Annu Projects IPO Opens: Zero GMP Signals Caution as EPC Specialist Launches ₹175 Cr Fresh Issue The annuity Projects Limited IPO officially opened today, August 25, 2026. The issue, priced at a fresh offering of Rs 175.06 crore, comprises 1.77 crore shares. Currently, the grey market premium (GMP) stands at zero, suggesting that listing performance might be flat based on present grey-market indicators.The IPO allows investors to bid for a minimum of 151 shares, which sets the minimum retail investment at Rs 14,949 at the upper end of the price band. The fixed price band ranges from Rs 94 to Rs 99 per share.Key Dates and IPO Structure Details The subscription window is set from August 25 to August 28, 2026. Allotment of shares is...

Sumax Engineering IPO Explodes Amid High GMP; Stocks Targeting 32% Gain on Manufacturing Push The Sumax Engineering SME IPO commenced subscription today, August 25, and has instantly captured significant market attention. Trading on the NSE SME platform, investors have a limited window until August 28 to apply for shares in this issuance. The stock is generating considerable buzz, as early grey market activity suggests strong investor appetite, pointing toward a potential 32% listing gain.GMP Signals Strong Listing Prospects for Sumax Engineering The preliminary readings of the Grey Market Premium (GMP) have placed the Sumax Engineering SME IPO at Rs 32. This premium reflects a substantial upside possibility, suggesting an estimated...

Shanti Inorganics SMEs Price Band Fixed; SME IPO Opens Aug 31, Targeting ₹47 Crore for New Gujarat Facility Key Details of Shanti Inorganics SME IPO Shanti Inorganics has finalized the price band for its upcoming Initial Public Offering (IPO). The issue is scheduled to open on August 31 and close on September 2. The company, which specializes in sulphur-based inorganic chemicals manufacturing, has set a price range of ₹79 to ₹83 per equity share.The SME IPO is valued at Rs 47.24 crore. This offering comprises a total of 56,91,200 equity shares. Each share carries a face value of Rs 10.IPO Subscription Timeline and Procedure A dedicated anchor investor bidding process is set for August 28, 2026. This stage precedes the public...

Augmont Enterprises IPO Soars Past Expectations as GMP Hits 42%, Signaling Strong Debut Potential The Augmont Enterprises IPO is entering its final day of bidding, buoyed by extremely strong investor interest. The market buzz around the issue has intensified significantly, with the Grey Market Premium (GMP) climbing to a high of Rs 325 per share, equating to approximately 42% over the upper price band. This surge in premium suggests significant potential for a robust listing gain if current trends persist.IPO Subscription Status and Key Metrics The three-day bidding window for Augmont Enterprises closed on August 25, setting up a highly anticipated debut. The issue successfully attracted substantial demand during its initial phase...

Symbiotec Pharmalab IPO Ignites Interest: GMP Signals 34% Upside Amid Robust Subscription Rates Symbiotec Pharmalab has reached day two of its highly anticipated IPO, fueled by robust grey-market sentiment. The issue is currently commanding a Grey Market Premium (GMP) of approximately 34%, suggesting significant investor confidence in the biopharmaceutical giant's prospects. This positive momentum follows a strong Day 1 performance, with the overall issue being subscribed at 80% of the 1.31 crore shares offered.The retail portion saw exceptional interest, achieving a 95% subscription against the 65.44 lakh shares reserved for individual investors. Non-Institutional Investors (NIIs) also responded strongly, with their portion...

Kinetic Engineering Ltd. Drives EV Transition with New Scooter Launch and Strategic Jio Partnership Kinetic Engineering Ltd. (KEL) and its subsidiary Kinetic Watts & Volts Ltd. (KWVL) are aggressively focusing on the future of mobility, successfully re-entering the two-wheeler market with the all-new Electric Kinetic. The company has committed substantial resources to its EV ecosystem, including the launch of a dedicated technical training center and a strategic partnership with Jio Things to build India's next-generation connected vehicles.Kel, which has a five-decade legacy in the Indian automotive sector, has been steadily transitioning its core business from traditional vehicle manufacturing to specialized high-quality automotive...

Hy-Tech Engineers IPO Soars as GMP Hits 57%; Institutional Demand Drives Subscription Past 7x The Hy-Tech Engineers IPO has witnessed robust demand on Day 1, reflecting strong market interest ahead of its listing. The issue, which offers a glimpse into the engineering firm's solid financial performance and growth trajectory, saw an overall subscription rate of 7.74 times against the total offer. With investors now in the critical second day of bidding, the Grey Market Premium (GMP) indicates immense bullish expectations for the stock.The IPO aims to raise a substantial amount, with the offering priced at ₹50–₹53 per share. The company is set to use these proceeds primarily for capital expenditure and debt prepayment, signaling...

BHEL Announces Superannuation of Senior Management Bharat Heavy Electricals Limited (BHEL) has announced the superannuation of a senior member of its management team. Shri Sumeet Salhotra has retired from his services with the company as of August 24, 2026.The company confirmed the change in senior management, noting the specific role and tenure of the retiring executive.Details of the senior manager who superannuated are provided below:Sl. NoNameDesignation1Shri Sumeet SalhotraGeneral Manager & Head (COC), Corporate Office, NoidaThe superannuation of Shri Sumeet Salhotra marks a change in the senior leadership structure at BHEL.BHEL Stock Price Movement As of 9:55 AM, shares of Bharat Heavy Electricals Limited are...

JSW Dulux Faces GST Audit Challenge Over Input Tax Credit Disallowance JSW Dulux Limited, formerly Akzo Nobel India Limited, is currently managing a GST-related dispute following an audit conducted by the Telangana GST Department. The matter pertains to the disallowance of Input Tax Credit (ITC) for the period spanning April 2022 to March 2023.The dispute centers on an Order, dated August 5, 2026, issued under Section 73 of the CGST Act/Rules, 2017, which was received by the company on August 24, 2026.As per the GST audit findings, the total liability stemming from the disallowance of Input Tax Credit amounts to Rs. 84,75,163/-. This amount is structured across the assessed components, including tax, interest, and penalty...

Xtranet Technologies Ltd Holds Earnings Conference Call for Quarter Ended June 30, 2026 Xtranet Technologies Ltd, which was previously known as XtraNet Technologies Private Limited, successfully conducted its earnings conference call on August 24, 2026. The call was held to review the operational and financial performance of the company for the quarter ended June 30, 2026.The audio recording of the conference call, which detailed the company’s performance, has been made available on Xtranet Technologies Ltd’s official website.The company, which holds ISO-9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2011, and CMMi Level-5 certifications, provided stakeholders with access to the detailed recording of the Q1 FY27 earnings discussion...

Suzlon-Torrent Partnership Surpasses 1.3 GW Following 250 MW Wind Order Suzlon Energy Limited announced that its partnership with Torrent Group has grown to over 1.3 GW following the acquisition of a new 250 MW wind order from Torrent Green Energy, a company within the Torrent Group. This commitment marks the sixth order from Torrent, strengthening the collaboration between the two entities.The partnership now spans three key states—Gujarat, Karnataka, and Madhya Pradesh. Suzlon will supply 76 flagship S144 wind turbines, each rated at 3.3 MW, along with grid integration and long-term Operations and Maintenance (O&M) services.The cumulative partnership stands at 1,306 MW, which is supported by the fact that Suzlon has secured over...

Accedere Ltd Reports Financial Results for the Quarter and Year Ended March 31, 2026 Accedere Ltd, formerly known as E Com Infotech (India) Limited, has released its audited Consolidated and Standalone Financial Results for the quarter and year ended March 31, 2026. These results were submitted alongside an Audit Report from M/s Gupta Raj & Co., Chartered Accountants, confirming an unmodified opinion on the financial statements.The Company's financial performance, as detailed in the audited reports, shows the following key figures for the quarter and year ended March 31, 2026 (figures are in Rupees in Lakhs):Consolidated Financial Results (Accedere Ltd.)ParticularsQuarter Ended March 31, 2026Quarter Ended December 31, 2025Year...

L&T Renewables Secures Major Order to Develop Battery Energy Storage Systems in the Middle East Mumbai, August 25, 2026: Larsen & Toubro's Renewables business vertical has secured a major contract to develop three Battery Energy Storage System (BESS) projects for a prominent client in the Middle East. This significant contract positions L&T as a key EPC player in the rapidly expanding energy storage sector.The scope of the projects extends beyond the storage facilities to include crucial grid interconnections, such as pooling substations and underground cables. Collectively, the three projects represent a total storage capacity of 6 gigawatt-hour, marking a significant development in grid modernization and renewable energy integration...

Puravankara Secures 7.83 Acres Land Parcel in South-East Bengaluru with Rs 1,100 Crore Potential Puravankara Limited, a recognized real estate developer, has entered into a joint development agreement (JDA) for a 7.83-acre land parcel located in South-East Bengaluru. The project is estimated to hold a Gross Development Value (GDV) of Rs 1,100 crore and is designated for a residential community. This new transaction marks the fifth land deal for the company in Bengaluru during the current fiscal year (FY27).Strategically situated in South-East Bengaluru, the site benefits from its location near the Electronic City employment corridor. The land is well-positioned with access to Hosa Road and Hosur Road, and it is also connected by Namma...