Markets

SEBI Hits Rose Securities with ₹5 Lakh Penalty for Creating Artificial Volume in Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has concluded an adjudication proceeding against Rose Securities Limited, levying a penalty for alleged manipulation in the stock options segment. The investigation centered on the creation of artificial trading volume through non-genuine 'reversal trades' in illiquid stock options.The order, dated April 20, 2026, accuses the firm of violating key provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (PFUTP Regulations).SEBI Charges Rose Securities Over Non-Genuine Options Trading SEBI initiated the proceedings...

SEBI Slaps ₹5 Lakh Penalty on Firm for Artificially Inflating Illiquid Stock Option Volumes The Securities and Exchange Board of India (SEBI) has issued a significant adjudication order imposing a penalty on SIC Stocks Services Private Limited. The order addresses allegations of market manipulation stemming from the execution of non-genuine trades in illiquid stock options on the Bombay Stock Exchange (BSE).SEBI's ruling confirms that the firm indulged in deceptive practices by creating a false and misleading appearance of trading volumes, thereby reaffirming the regulator's commitment to market integrity.SEBI Probes Large-Scale Non-Genuine Trades in Stock Options The investigation initiated by SEBI focused on the stock options...

Coforge Launches Voyager.AI and FlightFlex.AI to Transform Airline Customer Experiences Coforge, an AI-native engineering services leader, has announced the launch of two new AI-native solutions, Voyager.AI and FlightFlex.AI, designed to enhance the customer experience for airlines worldwide. These solutions address pressing operational and commercial challenges, ranging from managing disruptions to enabling real-time, personalized customer engagement.The two purpose-built AI platforms aim to improve operational efficiency and positively impact customer loyalty. Voyager.AI allows airlines to activate one-to-one personalized offers and experiences across the entire customer journey using real-time data and AI-driven decisioning...

Mobavenue Media Secures Gold and Silver Awards at DIGIXX 2026 for AI-Powered Campaigns Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited, has been recognized at the DIGIXX Awards 2026 by Adgully. The company received accolades across AI/ML-powered marketing, programmatic marketing, and location-based targeting categories, showcasing its technological capabilities for its clients.The awards recognize campaigns delivered and nominated by MMPL, highlighting the company's ability to integrate data, automation, and audience intelligence to design and implement measurable marketing strategies.Award CategoryAward TierClientBest AI/ML-Powered Marketing SolutionGoldSebamedBest Programmatic...

Biocon Receives Health Canada Approval for Biosimilars Bosaya and Vevzuo Biocon Limited, an innovation-led global biopharmaceutical company, has announced that Health Canada granted a Notice of Compliance (NOC) for two biosimilar products: Bosaya™ (denosumab) and Vevzuo™ (denosumab). The approval, secured on April 3, 2026, makes both biosimilars available in Canada, offering potential therapeutic benefit to an estimated two million adults suffering from osteoporosis and hundreds of patients annually facing bone metastasis from advanced cancer.Bosaya™ and Vevzuo™ are biosimilars of Prolia® and Xgeva®, respectively. The company reported that Bosaya™ was approved in its 60 mg/mL injection prefilled syringe format, while Vevzuo™ was...

Mobavenue AI Recognized at DIGIXX Awards 2026 for AI-Powered Platform and Tech Campaign Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited, has received recognition at the DIGIXX Awards 2026, hosted by Adgully. The company was honored for its AI-Powered Consumer Growth Platform and its technology-led marketing campaign.MMPL secured multiple awards, underscoring its advancements in digital marketing solutions. The specific recognitions achieved are detailed below:Award CategoryRecognitionPlatform/BrandAI-Powered Consumer Growth Platform of the YearGoldMobavenueTechnology-led Marketing CampaignSilverSurgeX by MobavenueThese accolades highlight the company's continued commitment...

CleanMax Enviro Energy Solutions to Supply Hybrid Renewable Power to Shell’s Assets in Gujarat and Karnataka Clean Max Enviro Energy Solutions Limited, India’s leading renewable energy solutions provider for the commercial and industrial sector, has announced a partnership to supply hybrid wind-solar power to Shell India's critical assets in Gujarat and Karnataka. The collaboration is set to cover multiple sites, totaling a combined installed capacity of approximately 30 MW.The partnership supports Shell's ongoing efforts to decarbonize its operations and advance lower-carbon energy use across India. Under a group-captive framework, both companies will co-invest in the development of these renewable energy assets.Key Projects and...

Acquirers Announce Open Offer for 26% Stake in TMT India Ltd. Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited have announced an open offer for the acquisition of equity shares in TMT India Ltd. The acquisition aims to secure a stake representing 26.00% of the company’s fully paid-up equity and voting share capital.The collective group of acquirers—Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited—will acquire up to 12,87,988 (Twelve Lacs Eighty-Seven Thousand Nine Hundred Eighty-Eight) fully paid-up equity shares of TMT India Ltd. The face value of each share is Rs. 10/-.The offer specifies an Offer Price of Rs. 10/- per fully...

Smartworks Crosses 10 Million Sq. Ft. Operational Portfolio, Marks Milestone in India's Flexible Workspace Market Smartworks Coworking Spaces Limited has achieved a major operational milestone, crossing a 10 million sq. ft. operational portfolio. This achievement establishes the company as the first listed flexible workspace provider in India to reach such a scale, solidifying its position as a national-scale infrastructure partner for enterprises.The milestone was reported following the operationalization of the Tata Intellion Park centre in Mumbai, where the company recently onboarded a Forbes 2000 company, indicating continued strong market traction.Neetish Sarda, Founder and Managing Director of Smartworks, commented on the...

Orbicular Partner Secures Tentative U.S. FDA Approval for Generic Semaglutide Injection Bangalore, April 21, 2026 OneSource Specialty Pharma Limited announced that its partner, Orbicular Pharmaceutical Technologies, together with its U.S.-based front-end partner (the ANDA holder), has secured tentative U.S. Food and Drug Administration (FDA) approval for an Abbreviated New Drug Application (ANDA) covering a generic version of Ozempic (Semaglutide Injection). OneSource serves as the contract development and manufacturing organization (CDMO) partner for this critical product.The achievement highlights a deeply integrated development and submission model. Orbicular spearheaded the product development and technical program for this...

JR Foods Ltd Changes Company Name to DATACIPHER LIMITED, Effective April 24, 2026 JR Foods Ltd has announced a change in its corporate identity, updating its registered name to DATACIPHER LIMITED. The name change is effective starting April 24, 2026.The company, which was previously known as JR Foods Ltd, will adopt the new name DATACIPHER LIMITED moving forward.For its stock exchange listings, the following identifiers will reflect this change on the specified date:Scrip CodeExisting NameNew NameScrip ID for BOLT Plus SystemAbbreviated Name on BOLT Plus System530915JR Foods LtdDATACIPHER LIMITEDDATADATAThe transition of the company's name to DATACIPHER LIMITED is scheduled to be operational from April 24, 2026.Stock...

Organic Recycling Systems Ltd Board to Approve Financial Results for FY 2025-2026 Organic Recycling Systems Ltd announced that its Board of Directors will convene a meeting on Friday, April 24, 2026. The meeting is scheduled to consider and approve the company's Audited Standalone and Consolidated Financial Results.The financial results slated for consideration cover both the half year and the full financial year ended March 31, 2026.Stock Price Movement Organic Recycling Systems Ltd shares concluded Monday's trading session at ₹228.65, finishing up 1.13% higher for the day. The stock moved through its intraday range, trading between a low of ₹225.10 and a high of ₹232.90.Source:

Adani Power's Subsidiary Incorporates New Entity for Nuclear Energy Sector Adani Atomic Energy Limited (AAEL), a wholly owned subsidiary of Adani Power Limited, has established a new wholly-owned subsidiary named Rawatbhata-Raj Atomic Energy Limited (RRAEL). RRAEL was incorporated on April 20, 2026.The new entity, RRAEL, operates within the Nuclear Energy sector with a defined line of business: generating, transmitting, and distributing power derived from nuclear and/or atomic energy. The incorporation was funded through cash consideration.The ownership structure confirms that RRAEL is a wholly owned subsidiary of AAEL, which is in turn wholly owned by Adani Power Limited.Key details regarding the newly incorporated subsidiary are...

Pramara Promotions Limited Adjourns Board Meeting to Approve Preferential Fundraise Pramara Promotions Limited announced the adjournment of its Board of Directors meeting, originally scheduled for April 20, 2026. The meeting, which had partially completed its agenda items, was moved to Tuesday, April 21, 2026.The Board meeting commenced on April 20, 2026, at 08:30 p.m. and concluded at 09.00 p.m. Due to the partial completion of the agenda, the meeting was adjourned to the following day.The primary purpose of the adjourned Board meeting on April 21, 2026, is multifaceted. Directors are set to consider, evaluate, and approve a proposal aimed at raising funds. This funding will be raised through the issuance of equity shares and/or...

Acme Solar Holdings Limited Receives Interim Stay from High Court on GST Show Cause Notice Acme Solar Holdings Limited announced a key development regarding a show cause cum demand notice (SCN) issued by GST authorities. The company confirmed that the Hon'ble High Court of Rajasthan granted an interim stay on the SCN.According to the company, the order was issued by the High Court of Rajasthan on April 20, 2026. This legal directive grants an interim stay on both the operation and the effect of the aforementioned SCN until further orders are passed by the court.The update addresses the company's previously communicated proceedings related to the show cause cum demand notice.The legal status concerning the proceedings is summarized...

Central Bank of India Names General Manager Shri Raj Kokil Singh as Chief Risk Officer Central Bank of India has appointed General Manager Shri Raj Kokil Singh as its Chief Risk Officer (CRO). The appointment, which is effective from April 20, 2026, grants him a fixed tenure of three years.Shri Raj Kokil Singh assumes the role following Dr. G. Bhaskar, General Manager, who previously managed the Bank's Treasury portfolio.Profile and Experience Shri Raj Kokil Singh, aged 44, joined the Central Bank of India in 2012. He brings over 19 years of experience in the banking industry to the role.His educational background includes a Bachelors in Science and a Master's in Business Administration. He is certified as a Financial Risk Manager...

PPAP Automotive Reports on Resignation of Independent Director Ms. Celine George PPAP Automotive Limited has issued a notice regarding the resignation of Independent Director Ms. Celine George. The company stated that follow-up actions were taken to secure confirmation from the director regarding any material reasons for her resignation.The company noted that in relation to the Director’s resignation, PPAP Automotive Limited had requested Ms. Celine George to provide written confirmation that there were no material reasons for the resignation other than those already detailed in her resignation letter.As of the date of the report, PPAP Automotive Limited confirmed that it has not received the said confirmation from Ms. Celine...

Honeywell Automation India Announces CFO Resignation and Establishes Transition Period Honeywell Automation India Limited announced details regarding a change in its Key Managerial Personnel, effective April 30, 2026. The company confirmed the resignation of Mr. Pulkit Goyal from his role as Chief Financial Officer.The Board of Directors of Honeywell Automation India Limited noted the resignation, which was tendered by Mr. Goyal to pursue other opportunities.To ensure operational continuity, the Board of Directors requested an extension of Mr. Goyal's tenure. This extension was mutually agreed upon, confirming that Mr. Pulkit Goyal will continue in the role of Chief Financial Officer until May 20, 2026.Mr. Goyal originally...

Taurian MPS Limited to Showcase Mining and Material Processing Capabilities at MiningWorld Russia 2026 Taurian MPS Limited is set to participate in the international exhibition, MiningWorld Russia 2026. The company will use the platform to showcase its products and capabilities within the mining and material processing sectors, aiming to explore international business opportunities.The event, described as one of the leading global exhibitions for machinery and equipment for mining, processing, and transportation of minerals, is scheduled to take place in Moscow, Russia.MiningWorld Russia 2026 will be held from April 22, 2026, to April 24, 2026, at the Crocus Expo IEC in the Moscow Region.The company's participation is expected to...

RailTel Corporation Secures Major Cloud Services Order from Municipal Corporation Of Greater Mumbai RailTel Corporation of India Limited, a Navratna PSU, has secured a significant contract for cloud services from the Municipal Corporation Of Greater Mumbai. The company received the Letter of Acceptance (LoA) for the project on April 20, 2026.The contract covers the provisioning, configuration, testing, commissioning, operations, and maintenance of cloud services specifically for the Municipal Corporation Of Greater Mumbai (BMC). This order is classified as a domestic customer project.According to the details of the contract, the estimated size of the order, inclusive of tax, is Rs. 86,36,21,334/-. The work order was received on...