Markets

Dalmia Bharat's Subsidiary Receives Release of Attached Land Parcels from Enforcement Directorate Dalmia Bharat Limited reported that its material wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has received orders for the release of its entirely attached land parcels. The action follows an application made by DCBL to the Enforcement Directorate (ED) and the submission of a bank guarantee.The attachment proceedings against DCBL originated with a Provisional Attachment Order (PAO) issued by the Enforcement Directorate (ED), Hyderabad, on March 31, 2025. This PAO was subsequently confirmed by the Adjudicating Authority, PMLA, on September 22, 2025.Further proceedings included an appeal before the PMLA Tribunal. The...

Ajanta Pharma Completes US FDA Inspection at Maharashtra Facility Ajanta Pharma Ltd has announced the conclusion of a US FDA inspection conducted at its manufacturing facility located in Paithan, Maharashtra. The inspection took place over a period spanning from April 13, 2026, to April 21, 2026.Upon the conclusion of the inspection, the company received Form-483, which outlined five observations. Ajanta Pharma Ltd stated that the company will respond to the US FDA regarding these findings within the stipulated timeline.AJANTPHARM Stock Price Movement On Tuesday, Ajanta Pharma Limited shares gained 0.59%, closing at ₹2791.2. The stock traded on a volume of 138,603 shares, finding support as it finished the day within a range...

Acme Solar Achieves Major Milestone by Operationalizing 2 GWh BESS Capacity in Rajasthan Gurugram, April 22, 2026: Acme Solar Holdings Ltd (ACME Solar) has announced a significant milestone, having cumulatively operationalized more than 2 GWh of Battery Energy Storage System (BESS) capacity in Rajasthan. This achievement positions the company as among the first Indian renewable energy firms to reach this scale of energy storage deployment.With this operationalization, ACME Solar’s total operational BESS capacity across its various subsidiaries in Rajasthan now stands at 591.18 MW, equivalent to 2031.24 MWh. Looking ahead, the company has plans to operationalize an additional 10 GWh of BESS by 2027.The BESS projects are designed with...

Open Offer Details: Acquisition of Equity Shares in Rikhav Securities Limited Sobhagya Capital Options Private Limited has announced an Open Offer for the acquisition of equity shares in Rikhav Securities Limited. The offer is being made by a consortium of Acquirers and Persons Acting in Concerts (PACs) following a mandatory acquisition obligation.The Open Offer targets up to 99,55,920 fully paid up equity shares of the Target Company, each having a face value of INR 5. These shares represent 26% of the Target Company's total Voting Share Capital.The Offer is priced at INR 47.75 per Offer Share. Should the Open Offer be fully accepted, the total consideration payable by the Acquirers and PACs is expected to be INR 47,53,95,180...

LTM Wins Two Google Cloud Partner of the Year Awards for 2026 Mumbai, India - LTM Limited, the Business Creativity partner to major global enterprises, announced on April 22, 2026, that it has secured two Google Cloud Partner of the Year Awards for 2026. These recognitions highlight LTM's successful work within the Google Cloud ecosystem, helping joint customers achieve scalable and high impact cloud transformations.LTM was awarded the Google Cloud Partner of the Year for its excellence in the Media & Entertainment category. The award recognizes the firm for modernizing a global media company's complex data estate using BigQuery. This significant transformation provided a scalable foundation, improved speed, and lowered costs...

Crude oil prices showed remarkable restraint in early Asian trading on Wednesday, despite the extension of the ceasefire involving Iran. The market is reacting less to political de-escalation and more to profound, persistent supply risks. Tensions remain high, keeping global crude futures sensitive to any change in the volatile West Asia region.Market Reaction and Immediate Price Action On April 22, Brent crude hovered around $98 per barrel. This level follows a significant rally, with the price having risen almost 10% over the last two sessions. West Texas Intermediate traded near $90 per barrel. The market has shown little immediate movement despite the US extension of the ceasefire, which allows time for a unified proposal to...

Hero MotoCorp Board to Meet on May 5 to Approve FY 2026 Financial Results Hero MotoCorp Ltd has scheduled a meeting of its Board of Directors for Tuesday, May 5, 2026. The primary focus of the meeting is the consideration and approval of the audited Standalone and Consolidated Financial Results for the quarter and the full financial year ended March 31, 2026.HEROMOTOCO Stock Price Movement On Tuesday, shares of Hero MotoCorp Limited slipped by 0.27% to settle at ₹5259, marking a decline of ₹14.50 from its previous close. The stock recorded a total traded volume of 321,063 shares during the session.

Pramara Promotions Approves Significant Capital Infusion via Preferential Issue of Shares and Warrants Pramara Promotions Limited announced that its Board of Directors held a meeting on April 21, 2026, and approved several proposals related to capital enhancement and fundraising. The board decisions include increasing the company's authorized share capital and planning preferential allotments of equity shares and convertible warrants.The company's initial authorized share capital was Rs. 15,00,00,000/- (Rupees Fifteen Crore), consisting of 1,50,00,000 equity shares of Rs. 10/- each. The board approved increasing this limit to Rs. 19,20,00,000/- (Rupees Nineteen Crore Twenty Lakh), divided into 1,92,00,000 Equity Shares of Rs. 10/-...

CRISIL Limited Receives Assessment Order for Income Tax of INR 148.99 Crores CRISIL Limited has received an assessment order concerning its Income Tax return for the Assessment Year (AY) 2023-24, covering the Financial Year (FY) 2022-23. The assessment order was dated April 21, 2026, issued under Section 143(3) read with Section 144B of the Income-tax Act.The order proposed certain disallowances by the assessing officer, resulting in a significant tax and interest demand.Details regarding the dispute are as follows:AspectDetailsOpposing Party/AgencyIncome Tax AuthorityNature of DisputeThe Company received an assessment order dated April 21, 2026, under Section 143(3) read with Section 144B of the Income-tax Act, for the FY...

GST Authority Withdraws Entire Demand of ₹ 55.2 Crore in Rectification Order for Max Healthcare Institute Max Healthcare Institute Limited announced that the authority has withdrawn the entire tax demand previously raised against the company following the receipt of a Rectification Order. The order was issued on April 21, 2026, by the Office of the GST Officer/Proper Officer, Ward 96, Zone 9, Department of Trade and Taxes, located in New Delhi.The development marks a conclusion to a proceeding that had initiated with an allegation of excess availment of Input Tax Credit. The Institute had previously intimated the matter on December 30, 2025, concerning the dispute with the Office of the GST Officer (Ward-92&96), Department of Trade...

Provisional Attachment of Assets Noted For Reliance Infrastructure Limited Reliance Infrastructure Limited confirmed the provisional attachment of certain company assets, following a communication received from the Adjudicating Authority, PMLA, on April 21, 2026.The attachment relates to alleged violations of the Prevention of Money Laundering Act (PMLA) and covers the period from 2017 to 2019.In the notice received, the Adjudicating Authority passed orders dated April 20, 2026, confirming the provisional attachment of assets amounting to Rs. 670.48 crore. This action was noted as a Confirmation of Provisional Attachment Order.The company confirmed that while the provisional attachment of assets is expected to have financial...

Owais Metal And Mineral Processing Limited Reports Zero Activity in Q1 Investor Grievance Status Owais Metal And Mineral Processing Limited, formerly known as Owais Metal & Mineral Processing Private Limited and Owais Ali Overseas Private Limited, has reported the complaint status for the quarter spanning January 1, 2026, through March 31, 2026. The company's reports confirm no activity recorded across key investor grievance metrics during the period.The company provided details regarding its investor grievance tracking for the quarter ended March 31, 2026.According to the report submitted to the National Stock Exchange of India Limited (NSE), the following data points concerning the handling of investor grievances were recorded...

SM Auto Stamping Limited Surrenders EPCG Authorizations, Resolving Outstanding Notices SM Auto Stamping Limited has reported the formal surrender of Export Promotion Capital Goods (EPCG) Authorizations for two subject licenses. The company confirmed receiving the necessary 'Letter of Surrender of EPCG Authorization' from the Assistant DGFT, Regional Authority Pune.The surrender pertains to the EPCG Authorizations for the two licenses. Following the submission of the required documentation, the department officially issued the Letter of Surrender and the Unutilization Letter, confirming that no benefits were utilized under these schemes.The formal surrender of the licenses has resolved previous administrative matters for the listed...

Veedol Corporation Limited Reports Resignation of Executive Director Sanjeev Wangoo Veedol Corporation Limited announced the resignation of Mr. Sanjeev Wangoo from his role as Executive Director - Group Supply Chain Management.Mr. Wangoo submitted his resignation letter, confirming that his tenure with the company would conclude effective April 17, 2026.In his notice, Mr. Wangoo stated that his decision to resign was based on personal and professional reasons. He acknowledged the opportunity to serve the organization and contribute to its growth and success during his time there.He expressed sincere appreciation to the Board, the Managing Director, and his colleagues for their support and guidance. Mr. Wangoo affirmed his...

Vikas Lifecare Limited Announces Results for Q&FY Q1 and Q&FY Q2 of FY 2025-26 Vikas Lifecare Limited announced the results for the quarter and nine months ended December 31, 2025, following the Board meeting held on April 21, 2026. The company also provided detailed standalone and consolidated financial results for the quarter and half year ended September 30, 2025.The board approved the un-audited financial results for the nine months ended December 31, 2025, and the quarter and half year ended September 30, 2025, following limited review by the Statutory Auditors.Financial Performance Summary The company's financial results show the following key figures:ParticularsThree Months Ended December 31, 2025Three Months Ended...

Seamec Limited Reports Successful Completion of 'SEAMEC PRINCESS' Job Scope Seamec Limited confirmed the successful completion of the job scope for its vessel, 'SEAMEC PRINCESS'. The operational milestone was achieved on April 21, 2026.The vessel successfully completed the defined job scope, which was executed according to Addendum 2. The work concluded at 17:00 hrs on April 21, 2026.The company's update confirms the completion of this contract activity.For further details on the company’s operations, Seamec Limited can be reached via its corporate channels. The information was formally reported by the company's Corporate Affairs department.SEAMECLTD Stock Price Movement Seamec Limited shares today slipped by 2.99% to settle at...

Central Mine Planning & Design Institute Reports Financial Results for FY2025-26 Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India Limited, has announced its financial results for the fiscal year ended March 31, 2026. The company reported its total income, key revenue streams, and segment-wise performance details.The financial summary for the year shows changes in net sales, total expenses, and profitability metrics compared to the previous fiscal year.Annual Financial Performance Summary CMPDI's performance for the year ended March 31, 2026, compared to FY2024-25, is detailed below:ParticularsFY2025-26FY2024-25Increase/DecreaseIncrease/Decrease (%)Net Sales2,316.532,102.76213.7710.17%...

Mphasis Appoints Rogayeh Tabrizi as Executive Vice President for CPG and Head of Decision AI Mphasis Limited has appointed Ms. Rogayeh Tabrizi as Executive Vice President (EVP) - Consumer Packaged Goods (CPG) and Head of Decision AI, effective April 21, 2026.The appointment brings Ms. Tabrizi, a seasoned leader, to a key role within the company, leveraging her deep expertise in data-driven insights and complex behavioral analysis.Ms. Tabrizi possesses over two decades of experience spanning various industries, including financial services, retail, and logistics organizations, alongside roles in research institutions and academia. Her professional focus is on harnessing data to build measurable pathways toward data efficiency and...

IHCL Completes Acquisition of 51% Stake in Brij Hospital Private Limited The Indian Hotels Company Limited (IHCL) has completed a significant acquisition, acquiring a majority stake in Brij Hospital Private Limited. The transaction involves IHCL and its step-down subsidiaries, ANK Hotels Private Limited and Pride Hospitality Private Limited.The combined entities acquired a 51% stake, based on a fully diluted share capital, in Brij Hospital Private Limited. The total investment for this acquisition is reported to be up to ₹222 crores.The purchase was executed through a combination of transactions, including the acquisition of shares from existing Brij shareholders and primary investment in Brij. This primary investment was structured...

Mphasis Acquires Theory and Practice Business Intelligence, Boosting Decision Intelligence Capabilities Mphasis, a global AI led, platform driven technology solutions provider, has acquired Theory and Practice Business Intelligence Inc. (TAP). The acquisition was executed through Mphasis Ireland Limited, a wholly owned subsidiary of Mphasis. Following the completion of the deal, TAP and its relevant affiliates have become wholly owned subsidiaries of Mphasis Ireland Limited and stepdown subsidiaries of Mphasis.TAP is a technology company established in 2018, headquartered in Vancouver, Canada. The company is recognized for developing Continuum AI, a Decision Intelligence platform that combines artificial intelligence with behavioral...