Markets

Tipco Engineering India Signs Strategic Collaboration with German Firm LexaMix Tipco Engineering India Limited has announced a strategic collaboration with LexaMix, Germany, to manufacture specialized machinery across several key industrial sectors. This partnership aims to leverage Tipco’s engineering and production capabilities for both domestic and international markets.Under the terms of the collaboration, Tipco Engineering will manufacture process machinery on behalf of LexaMix. The machinery manufactured through this arrangement is designed for the cosmetics, pharmaceutical, and food processing industries.This strategic alliance is expected to significantly boost the company's export potential. The machinery manufactured under...

Viram Suvarn Ltd Reports Resignation of Director Rajeshbhai Shah Viram Suvarn Ltd, formerly known as Veeram Securities Limited, announced the resignation of director Mr. Rajeshbhai Shah. The director tendered his resignation effective April 21, 2026.Mr. Shah, who holds DIN: 07774203, resigned from the company’s board due to personal and unavoidable circumstances. The resignation was received by the company on April 21, 2026.The details regarding the change in the director's tenure are as follows:ParticularsDetailReason for ChangeResignation of Mr. Rajeshbhai Shah (DIN: 07774203)Effective Date of ChangeApril 21, 2026The company has acknowledged the resignation of Mr. Rajeshbhai Shah.Stock Price Movement As of 11:37...

Escorts Kubota Expands Digitrac Series, Launches Three New Tractor Models for Agricultural Sector Lucknow, April 22, 2026 A leading agri-machinery and construction equipment major, Escorts Kubota Limited, announced the significant expansion of its Digitrac series under the Powertrac brand. The company upgraded the popular range from its existing two models to a comprehensive series of five, spanning the 45-55 HP category. This expanded lineup is designed for advanced agricultural use and heavy haulage applications, and is being rolled out across India.The Digitrac series, which sits within the Powertrac brand, is positioned for advanced agricultural and heavy haulage applications. This launch marks the fourth major tractor...

Relaxo Footwears Partners with Unicommerce to Streamline E-commerce Operations Relaxo Footwears Limited has partnered with Unicommerce to enhance the customer experience across its various online channels, aiming to make shopping for its footwear brands faster, more reliable, and hassle-free as the company experiences growth in its e-commerce business.Under this strategic partnership, Relaxo has adopted Unicommerce's flagship platform, Uniware. The implementation will centralize all aspects of the company's operations, including orders, inventory, warehouses, and returns, onto a single, connected system. This integration is expected to enable Relaxo to process orders more quickly, maintain accurate product stock across all channels...

Maharashtra Scooters Ltd. announced its financial results for the quarter and financial year ended March 31, 2026, on April 22, 2026. The Company confirmed that the audited financial results were reviewed by the Board of Directors. The independent auditor submitted an unmodified opinion on the annual audited financial results for the year ended March 31, 2026.The Board of Directors also recommended a final dividend of Rs. 60 per share (600%) on the Company's equity shares, which have a face value of Rs. 10. If approved by the shareholders at the upcoming Annual General Meeting (AGM), the dividend will be credited on or before August 4, 2026. The record date set for determining eligible members for the dividend is Tuesday, June 30...

National Securities Depository Ltd Announces Q4FY26 Results Conference Call National Securities Depository Limited (NSDL) has scheduled its Q4FY26 Results Conference Call, which will be organized by ICICI Securities. The conference call is set to take place on Saturday, May 2, 2026, commencing at 11:00 a.m. IST.The session is designed for stakeholders and market participants to review the financial performance for the fourth quarter of the fiscal year 2026.The details for participants wishing to join the call are available across several international access points:RegionAccess NumberToll Free (India)+91 22 6280 1144 / +91 22 7115 8045Singapore8001012045Hong Kong800964448UK08081011573USA18667462133For...

SER Industries Ltd Changes Name to Desi Farms India Limited; Shares Trade Under New Identifier SER Industries Limited has officially changed its name to Desi Farms India Limited. The change has been approved by the Stock Exchange, and the company's equity shares are set to trade under new identifiers starting April 27, 2026.According to details provided by the exchange, the company is changing its name from SER Industries Limited to Desi Farms India Limited. This name change also involves updating the company's listing details.The new trading details, effective April 27, 2026, are as follows:Scrip CodeExisting NameNew NameScrip ID for BOLT Plus SystemAbbreviated Name on BOLT Plus System507984SER Industries LtdDesi Farms India...

Dev Information Technology Limited Achieves Full Microsoft Partner Suite, Entering Global Elite Tier Dev Information Technology Limited announced a major technological and corporate milestone, having successfully acquired all six Microsoft Solutions Partner Designations (SPD). This achievement was attained in collaboration with the company's wholly owned subsidiary, M/s. Dhyey Consulting Services Pvt. Ltd, positioning DEV IT within an elite group of selective partners in India.The attainment of the complete set of certifications validates DEV IT's comprehensive expertise across the entire Microsoft ecosystem. This development reinforces the company's standing as a high-maturity, global IT service provider capable of delivering...

3i Infotech’s Singapore Subsidiary Faces Arbitration Order Over Bao Minh Insurance Project 3i Infotech Limited's wholly owned subsidiary in Singapore has received an arbitration order concerning the Bao Minh Insurance Corporation Project. The order, issued by the Vietnam International Arbitration Centre (VIAC) on April 21, 2026, relates to a dispute arising under a Software Principal Agreement.The disagreement involves the implementation of the PREMIA 11 insurance system between the Singapore Subsidiary, 3i Infotech Asia Pacific Pte Limited, and Bao Minh Insurance Corporation ("Bao Minh"). Bao Minh initiated the arbitration, alleging that the contractual agreement suffered from non-delivery of the agreed scope and functionalities...

Singapore Subsidiary Faces Arbitration Order Over Bao Minh Insurance Corporation Project 3i Infotech Asia Pacific Pte Limited, the Singapore subsidiary of 3i Infotech Ltd., has received an arbitration order from the Vietnam International Arbitration Centre (VIAC) concerning the Bao Minh Insurance Corporation Project.The dispute centers on a Software Principal Agreement executed between the Singapore subsidiary and Bao Minh Insurance Corporation. The agreement was for the implementation of the PREMIA 11 insurance system. Bao Minh has initiated the arbitration process, alleging non-delivery of the agreed scope and functionalities, which they claim resulted in project delays and non-performance. As part of the arbitration, Bao Minh has...

Speciality Medicines Finalizes Distribution Deal with International Entity Valued at USD 1.5 Million Speciality Medicines Ltd. has announced that it has finalized a commercial arrangement with an international entity specializing in the importing and distribution of Pharmaceutical Finished Products. This strategic partnership is set to significantly support the company's future growth trajectory.Under the terms of the commercial arrangement, the international entity has agreed to distribute, market, and sell Speciality Medicines’ products. The agreed value of this initial order booking stands at USD 1.5 million, which is approximately equivalent to ₹ 14 Crores.The company stated that this new order booking is expected to...

Rubicon Research Ltd Receives Assessment Order for AY 2023-24 on International Transactions Rubicon Research Limited, formerly known as Rubicon Research Private Limited, has reported receiving an assessment order from the Income Tax Department concerning its financial year 2023-24. The order, received on April 21, 2026, from the Assessment Unit in Mumbai, relates to the company's international transactions.The assessment order pertains to the Assessment Year (AY) 2023-24. The Income Tax Department has raised additions and disallowances totaling Rs. 20,68,44,914/-. These adjustments specifically relate to an investigation into Arms' Length Pricing concerning the company's international transactions.The total demand raised against the...

Transformers & Rectifiers Ltd Posts Strong FY26 Results, Reports Robust Order Book of Rs. 5,005 Crore Transformers & Rectifiers (India) Limited (TARIL), a major manufacturer of power and specialty transformers, announced strong financial and operational results for the fourth quarter and financial year ended March 31, 2026. The performance was attributed to robust execution, sustained demand, and a significant order book that provides strong visibility for future growth.For the fiscal year 2026, the company recorded standalone revenue from operations of Rs.2,395 crore, marking a year-on-year increase of approximately 23%. Profitability metrics also showed substantial growth, with EBITDA climbing to approximately Rs.370 crore, up about...

Green Horizon Fund PCC - CELL 1 Completes Acquisition of Stake in Axentra Corp Limited Green Horizon Fund PCC - CELL 1, the acquirer, has completed a transaction involving the acquisition of equity shares in Axentra Corp Limited. The acquisition was conducted through a Preferential Allotment and resulted in a significant increase in the capital structure of the target company.The transaction details confirmed that Green Horizon Fund PCC - CELL 1, which does not belong to a Promoter or Promoter group, acquired 25,00,000 shares carrying voting rights in Axentra Corp Limited. This acquisition represents 12.69% of the total share/voting capital and 12.69% of the total diluted share/voting capital of Axentra Corp Limited.Transaction...

L&T Energy GreenTech Secures Long-Term Green Ammonia Supply Partnership with Japan's ITOCHU Mumbai, April 22, 2026: L&T Energy GreenTech Ltd (LTEGL), a wholly-owned subsidiary of Larsen & Toubro, has formed a long-term partnership with ITOCHU Corporation of Japan. The agreement solidifies a significant supply commitment, positioning Kandla in Gujarat as a major export hub for low-carbon fuels.Under the terms of the new partnership, LTEGL will supply ITOCHU with 300,000 tonnes of green ammonia per annum. This supply will be based on a captive long-term take-or-pay arrangement from LTEGL's proposed production facility located in Kandla, Gujarat.The long-term agreement was signed by Derek M Shah, CEO & MD of LTEGL, and Hiroyuki Tsubai...

Deutsche Bank Entities Release Encumbered Shares in Yes Bank Limited Deutsche Bank AG, Hong Kong Branch, confirmed the release of a significant encumbrance over its associated entities' shares in Yes Bank Limited. The release of security over the shares was effective on April 17, 2026.The transaction involved shares held by Verventa Midco Limited (VML) and its associated entities in the Target Company, Yes Bank Limited. The security charge, which had been created on July 19, 2023, was released in full.As part of the structured transaction, the total shares released from encumbrance amounted to 2,664,580,360 equity shares. This release was significant given that the initial encumbrance constituted 8.39% of the total diluted...

Sterling and Wilson Renewable Energy Reports Settlement and Dismissal of Material Litigation Sterling and Wilson Renewable Energy Ltd announced an update regarding material litigation involving its subsidiary, citing the settlement of outstanding claims. The proceedings, which related to the encashment of a bond, have been formally dismissed by a US District Court.The company confirmed that a settlement agreement has been reached among the key parties: Sterling and Wilson Solar Solutions Inc., Fidelity and Deposit Company of Maryland, and Zurich American Insurance Company. Under this agreement, the parties mutually agreed to release and discharge each other from all existing claims and counter claims.Following the settlement, the...

Confidence Petroleum India Records Shareholding Increase Following Promoter Succession Confidence Petroleum India Ltd announced a material change in its shareholding structure following a transmission of equity shares to the promoter group. NEELA KHARA acquired 83,44,164 fully paid up equity shares of the company.The acquisition was finalized through the transmission of shares from the deceased promoter, Mr. Nalin Khara, and was reported on 16.03.2026. This transaction represents an increase in the promoter group’s stake, solidifying the ownership structure of Confidence Petroleum India Limited.The detailed acquisition data highlights the following changes in the promoter’s holding, as reported across both the Bombay Stock Exchange...

RBL Bank Board Re-appoints Deepak Kumar as Chief Risk Officer for Six Months RBL Bank Ltd's Board of Directors has approved the re-appointment of Mr. Deepak Kumar to the role of Chief Risk Officer, effective May 1, 2026. Mr. Deepak Kumar, who is already a member of the Management Committee (MANCOM) and falls under the Bank's Senior Management, will serve in this capacity for a further period of six months.The decision by the Board underscores the continued leadership of Mr. Kumar in managing the bank's risk portfolio.Throughout his long and distinguished career, Mr. Deepak Kumar has amassed over 40 years of experience in the banking industry. He is recognized as a seasoned banker proficient across all aspects of the sector. His...

Varroc Boosts ESG Rating to 75; Reaffirms Commitment to Sustainability and Kham River Restoration Varroc Engineering Limited, a global tier-I auto components supplier, has reiterated its long-term commitment to sustainability, highlighting significant progress across renewable energy adoption, carbon reduction, and resource-efficient manufacturing. The company released details concerning its environmental, social, and governance (ESG) advancements, coinciding with World Earth Day, and outlining continued efforts for the restoration of the Kham River.The company’s commitment to sustainability is supported by several external recognitions. Varroc has further strengthened its ESG profile with a rating of 75, assigned by CFC Finlease...