Markets

Oil India Subsidiary Enters MoU with Numaligarh Refinery for Renewable Energy Transition OIL Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited, has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL). The agreement, executed on April 20, 2026, aims to foster collaboration in the development, procurement, and supply of renewable energy. The partnership places special emphasis on fulfilling group captive energy requirements.The MoU was signed by Rajeev Kumar Tamuli, General Manager at OGEL, and Rupam Kumar Sarma, General Manager (Technical Services) at NRL. The signing ceremony was attended by senior officials from both organizations, including the Chairman of NRL, the CMD of OIL...

CEAT Limited Establishes Step-Down Subsidiary in Germany CEAT Limited announced on April 20, 2026, that it has received the Certificate of registration for a step-down subsidiary, which has been incorporated in Germany. The new entity is named CEAT GMBH.The establishment of CEAT GMBH positions the company within the automotive components market in Europe. The subsidiary operates in the industry sector of Automotive Tyres, Tubes, tracks, flaps etc. and other ancillary products/activities.The incorporation details and ownership structure of the German subsidiary are as follows:ParticularsDetailsSubsidiary NameCEAT GMBHLocationGermanyCapitalEURO 25,000StatusStep-down subsidiaryNature of InterestThe subsidiary is a...

Punjab Chemicals & Crop Protection Ltd. to Hold Board Meeting to Approve Financial Results and Dividend Punjab Chemicals & Crop Protection Ltd. announced that its Board of Directors will meet on Friday, May 1, 2026. The meeting has been scheduled to consider and approve significant corporate matters related to the company's financial performance and potential dividend payout.The agenda for the Board Meeting includes the review and approval of the Audited Standalone and Consolidated Financial Results of the company for the quarter and year ended March 31, 2026. Furthermore, the Board will recommend a Final Dividend, if any, on the Equity Shares for the year ended March 31, 2026.In connection with corporate governance, the company...

Radisson Hotel Group Set to Ignite Indian Economy: 80,000 Jobs and 500 Properties by 2030 Radisson Hotel Group has unveiled a massive expansion blueprint for India, signaling a major influx of investment into the country's hospitality sector. The Belgium-headquartered group anticipates creating between 65,000 and 80,000 job opportunities over the next decade.This staggering growth projection is backed by a commitment to establishing 500 properties in India by the end of 2030, whether they are fully operational or currently under construction. This ambitious plan positions India as one of the group's top three most vital markets globally.Strategic Expansion Targets for India The expansion will involve significantly scaling up the...

Core Sector Output Plunges 0.4% in March, Prompting Caution Over Key Indian Industrial Indices New Delhi, Apr 20 (PTI) The economic momentum in India's core industrial sectors slowed sharply in March. Core sector output contracted by 0.4 per cent, marking the first decline recorded in five months. This deceleration was primarily driven by weaker production figures in essential commodities, including coal, crude oil, fertilizer, and electricity.The official data released on Monday highlights a noticeable cooling across several foundational sectors. While the index signals a temporary dip, analysts are closely watching the underlying drivers to assess the speed and sustainability of the slowdown.Core Sector Output Contracts by 0.4% in...

JSW Steel and POSCO Ink Joint Venture for 6 MTPA Integrated Steel Plant in Odisha New Delhi, April 20, 2026: JSW Steel India and South Korea’s POSCO Group have formalized a strategic collaboration by signing a joint venture agreement to establish a 6 MTPA greenfield integrated steel plant in the state of Odisha. This partnership between two major global steel producers aims to deepen their strategic ties within India's industrial sector.The announcement was made at the India-Korea Business Forum in New Delhi, and was attended by Shri Piyush Goyal, Hon'ble Minister of Commerce & Industry, Government of India, H.E. Mr. Jung-Kwan Kim, Hon'ble Minister of Industry, Trade and Resources of the Republic of Korea, Mr. Sajjan Jindal, Chairman...

Real Touch Finance Ltd Approves Transfer of Identified Loan Portfolio for Strategic Realignment Real Touch Finance Ltd has approved the transfer and assignment of an identified loan portfolio from select branches, totaling ₹13,02,64,843.63. The transaction, approved by the Board of Directors on Monday, April 20, 2026, forms part of the company's strategic realignment initiative aimed at optimizing its loan portfolio and enhancing operational efficiency.The company has approved the assignment of identified loan accounts pertaining to one or more of its business segments. The total portfolio value of ₹13,02,64,843.63 is structured across two distinct pools with different effective dates.The portfolio assignment details are as follows...

R.P.P. Infra Projects Limited Appoints New Non-Executive Director and Names CEO R.P.P. Infra Projects Limited announced significant changes in its leadership structure following a Board Meeting held on April 20, 2026. The board approved the appointment of a new Additional Director and appointed a former Independent Director to the role of Chief Executive Officer.During the meeting, the Board of Directors also noted the resignation of an Independent Director and subsequently approved the reconstitution of several key board committees following these changes.New Independent Director Appointment The Board approved the appointment of Mr. K Jagannathan (DIN: 11666595) as an Additional Director and Non-Executive Independent Director. His...

CEAT Limited to Invest Up To ₹325 Lakhs in Wholly Owned Subsidiary Tyresnmore Online CEAT Limited has approved an investment of up to ₹ 325 Lakhs in Tyresnmore Online Private Limited, a wholly owned subsidiary of the company. This investment will be made through the subscription of equity shares via a rights issue.The proposed investment involves purchasing 2,626 equity shares of Tyresnmore. The funds are designated as cash consideration via remittance through a normal banking channel.Tyresnmore Online Private Limited operates in the Auto Ancillary sector, focusing on the sale of automotive tyres, accessories, and providing services such as fitting, wheel balancing, and wheel alignment. Incorporated on June 2, 2014, the company has...

Mold-Tek Technologies Withdraws Record Date for Interim Dividend Declaration Mold-Tek Technologies Ltd announced on April 20, 2026, the withdrawal of the Record Date previously set for declaring an interim dividend.The company confirmed that the Record Date, which had been fixed in a letter dated April 15, 2026, as April 24, 2026, was withdrawn. This change was necessitated by the Board of Directors deferring the declaration of the Interim Dividend for the financial year 2025-26.The decision to defer the declaration of the interim dividend was made by the Board of Directors during their meeting held on April 20, 2026.MOLDTECH Stock Price Movement Mold-Tek Technologies Limited shares today slipped by 3.77% to settle at ₹135.29 in...

Prima Plastics Ltd Announces Cessation of Senior Management Personnel Prima Plastics Ltd announced the departure of its President - ROTO Division, Mr. Rajib Mahadeb Sengupta. The cessation of services is effective April 20, 2026, due to Mr. Sengupta’s transfer to Prima Innovation Limited.The senior management personnel, Mr. Rajib Mahadeb Sengupta, previously served as the President - ROTO Division of Prima Plastics Ltd. His departure follows his appointment as President - ROTO Division of Prima Innovation Limited, which occurred under a Scheme of Arrangement between the two companies.The details of the change in senior management personnel are summarized below:ParticularsDetailsName and Designation of Senior Management...

PG Electroplast Ltd Allots 2,44,250 Equity Shares to Employee Welfare Trust PG Electroplast Ltd announced the allotment of 2,44,250 equity shares to the PG Electroplast Limited Employees Welfare Trust. The allotment was approved by the Nomination & Remuneration Committee of the company at its meeting held on Monday, April 20, 2026.The shares were allotted under the framework of the PG Electroplast Employees Stock Options Scheme - 2020.The transaction resulted in a subsequent increase in the paid-up equity share capital of the company. The company's capital structure details are as follows:MetricPrevious ValueNew ValueAllotted SharesN/A2,44,250 SharesPrevious Paid-up CapitalRs. 28,53,42,658/-Rs. 28,55,86,908/-Face Value...

Bajaj Finserv Limited to Host Conference Call on Q4 FY26 Financial Results Bajaj Finserv Limited is scheduled to host a conference call for analysts and institutional investors to discuss the financial results for the quarter and the financial year ended 31 March 2026.The conference call is set for Thursday, 30 April 2026. The event is organized by JM Financial Institutional Securities Limited.The call details span multiple time zones:India Standard Time (IST): 4:30 PM USA Time: 7:00 AM UK Time: 12:00 NOON Hong Kong/Singapore Time: 7:00 PMKey participants expected at the conference call include representatives from Bajaj Finserv Limited and its associated entities:Participant NameRoleMr. S SreenivasanPresident -...

Andrew Yule & Company Ltd Secures Loan Arrangements from Promoter and Tea Board of India Andrew Yule & Company Ltd, a Government of India Enterprise, has entered into loan arrangements with two major entities: the Company’s Promoter, the Government of India through the Ministry of Heavy Industries, and the Tea Board of India. These arrangements provide the company with working capital support.The Company confirmed the details of these transactions, which involve the availing of a short-term loan and a soft loan, respectively. The loans have been sanctioned with a tenure of one year for both agreements.The financial details of the loan arrangements are presented below:ParameterGovernment of India (Promoter)Tea Board of India...

Sensex, Nifty Brace for Turbulence as Crude Oil Surges Amid Geopolitical Flare Benchmark indices Sensex and Nifty settled in a highly volatile session on Monday, with investors exercising caution. The market was weighed down by mounting geopolitical uncertainties and the sharp rebound in global crude oil prices.The 30-share BSE Sensex concluded marginally up 26.76 points, marking a 0.03 per cent gain, at 78,520.30. The index demonstrated significant intraday movement, hitting a high of 78,942.45 and touching a low of 78,203.30.Similarly, the 50-share NSE Nifty posted a minor gain of 11.30 points or 0.05 per cent, ending the session at 24,364.85.Global Energy Concerns Drive Market Volatility A major catalyst for caution was the...

HMA Agro Industries Ltd Board Meeting Scheduled for April 25, Considering Key Appointments and Subsidiary Divestment HMA Agro Industries Ltd has announced that its Board of Directors meeting is scheduled for Saturday, April 25, 2026. The meeting, set to take place at 03:30 P.M. via Video Conferencing (VC)/Other Audio Visual Means (OAVM), will consider several significant corporate matters, including key management appointments and the proposed divestment of subsidiary interests.The Board's agenda includes determining the future corporate structure and addressing matters related to shareholder voting mechanisms for the company.Key Appointments and Director Changes A major focus of the meeting is the change in the company's leadership...

Nagreeka Capital & Infrastructure Ltd Appoints Mrs. Nikita Jindal as Company Secretary and Compliance Officer Nagreeka Capital & Infrastructure Ltd announced the appointment of Mrs. Nikita Jindal as its Company Secretary and Compliance Officer. The decision was approved by the company’s Board of Directors, following recommendations from the Nomination and Remuneration Committee, during a meeting held on April 20, 2026.Mrs. Nikita Jindal, who holds Membership No. A79244, assumes the role of Company Secretary and Compliance Officer, effective April 20, 2026.The company confirmed that Mrs. Jindal is a member of the Institute of Company Secretaries of India. Her profile indicates that she possesses vast knowledge in Company law and...

Genesys International Corporation Ltd. Board to Meet on April 23, 2026, to Consider Share Capital Increase Genesys International Corporation Ltd. has scheduled a meeting of its Board of Directors for Thursday, April 23, 2026. The meeting is set to be held at the company's registered office, where the board will consider and approve several key corporate matters.The primary agenda items slated for discussion and resolution include:Considering and approving an increase in the authorized share capital of the Company, along with the consequential amendment required in the share capital clause of the Memorandum of Association. Approving the draft of the Postal Ballot Notice. Transacting any other business with the permission of the...

Monarch Surveyors Bags Contract for Pre and Post Tamping Track Measurement Survey with Western Railway Monarch Surveyors and Engineering Consultants Ltd has announced the receipt of a Letter of Acceptance (LoA) for a critical track measurement survey project. The contract involves conducting pre and post tamping track measurement surveys using the Trimble GEDO Vorsys trolley system for the Ukai Songhad - Jalgaon section under the Sr. DEN/E/MMCT jurisdiction.The total order value for this infrastructure project stands at Rs.1,54,54,269.59.This domestic contract is awarded by the Western Railway. The work order specifies performing the comprehensive pre and post tamping track measurement survey, utilizing the advanced Trimble GEDO...

Kirloskar Ferrous Industries Limited Shares Admitted to Dealings on NSE Kirloskar Ferrous Industries Limited's (KFIL) equity shares have been permitted to trade and admitted to dealings in the Capital Market Segment on the National Stock Exchange of India (NSE). The listing was effective from April 20, 2026.The National Stock Exchange issued a circular referencing No. 0645/2026, dated April 17, 2026, notifying members that the shares of Kirloskar Ferrous Industries Limited (symbol: KIRLFER) are now available for trading and admitted to dealings.The circular confirmed that the list of securities admitted to dealings on the NSE (Capital Market segment) with effect from April 20, 2026, was provided in the associated Annexure.Admitted...