Markets

Shakti Pumps Invests Rs. 17 Crore in Subsidiary for 2.20 GW Solar Manufacturing Plant Shakti Pumps (India) Limited has announced a strategic investment of Rs. 17,00,00,000/- (Rupees Seventeen Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited. This funding was completed on April 17, 2026, to support the establishment of a major manufacturing facility dedicated to green energy technologies.The investment aims to set up a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The new facility boasts a substantial production capacity of 2.20 GW.Shakti Energy Solutions Limited (SESL) is the subsidiary receiving the investment. Incorporated on September...

Yes Bank Reports Robust Q4FY26 and FY26 Results, Noting Profitability and Asset Growth Yes Bank Limited announced its audited Standalone and Consolidated Financial Results for the Quarter (Q4) and the full year ended on March 31, 2026. The bank reported robust performance, driven by increased profitability, strong deposits growth, and improved asset quality across the reporting periods.During Q4FY26, the bank's net profit reached INR 1,068 Crs, representing a 44.7% year-over-year increase and a 12.3% quarter-over-quarter rise. For the full financial year FY26, net profit stood at INR 3,476 Crs, marking a 44.5% increase year-over-year.In terms of operational efficiency and profitability ratios, the bank reported notable improvements...

Kanoria Chemicals Allots 7% Preference Shares to Promoter Group Entity Kanoria Chemicals & Industries Limited announced that its Board of Directors, during a meeting held on April 18, 2026, approved the allotment of 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS). The allotment will be executed through a preferential allotment on a private placement basis.The company confirmed the allotment to R. V. Investment and Dealers Limited, identified as a Promoter Group Entity. The preference shares have a face value of Rs. 1,000 each.According to the details provided, the preferential allotment involves the issuance of 4,95,000 NCRPS. The transaction is structured as follows:ParticularsDetail...

ASI Industries Ltd Sells Entire Shareholding in Lloyds Metals and Energy ASI Industries Limited announced the complete divestment of its investment in Lloyds Metals and Energy Ltd. The sale, which occurred on April 17, 2026, saw the company offload its entire stake in the metal company through open market transactions.The sale involved 75,000 equity shares of Lloyds Metals and Energy Ltd. Prior to the transaction, these shares constituted approximately 0.014% of the paid-up share capital of Lloyds Metals and Energy Ltd. The divestment was executed at prevailing market prices via the stock exchange.Following the sale of the investment, ASI Industries Limited reported that its holding of equity shares in Lloyds Metals and Energy Ltd...

Neogen Chemicals Ltd Allots 10 Lakh Shares Through Preferential Allotment to Promoter Group Neogen Chemicals Ltd announced on April 18, 2026, the successful allotment of 10,00,000 Equity Shares on a preferential basis. The allotment followed a Special Resolution passed by the company’s members at the Extraordinary General Meeting held on March 29, 2026, and in-principle approvals received from BSE Limited and the National Stock Exchange of India Limited on April 17, 2026.During a meeting of the Fund Raising Committee of the Board of Directors held on April 18, 2026, the company considered and approved the allotment of these securities.The details of the preferential allotment are as follows:ParameterDetailsNumber of Shares...

Yes Bank Announces Audited Q4 and Year-End Financial Results for March 31, 2026 Yes Bank Limited announced on April 18, 2026, that its Board of Directors held a meeting to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter (Q4) and the full financial year ended March 31, 2026.The Bank issued the results alongside a report from the Joint Statutory Auditors. The Joint Statutory Auditors issued an unmodified opinion on the standalone financial results for the year ended March 31, 2026.The Bank confirmed that the Board approved the audited financial results, which include specific line items as applicable.Financial Performance Overview The financial results for the quarter ended March 31...

BECIL and C-DAC Forge Digital Alliance to Accelerate India’s AI, 5G Transformation New Delhi saw a major strategic push into the technological infrastructure sector this week. State-owned Broadcast Engineering Consultants India Limited (BECIL) has partnered with the Centre for Development of Advanced Computing (C-DAC). This significant Memorandum of Understanding (MoU) aims to drive advanced technologies, digital transformation, and comprehensive capacity building across India's key industries.The collaboration, announced by the Ministry of Information and Broadcasting, focuses on joint project implementation and technical support. It is positioned to rapidly develop scalable solutions in India's most transformative digital domains...

India Set for Strategic Trade Boost: Why Dube TradePort SEZ is Key to Deepening India-South Africa Ties New Delhi is eyeing a significant expansion of its economic footprint in Africa. Specifically, Indian investors are exploring major opportunities within South Africa’s Dube TradePort Special Economic Zone (SEZ). The move signals a strategic effort to strengthen India's economic engagement with a key logistics and manufacturing hub on the continent.According to a recent report published in IOL, the Dube TradePort SEZ is highly attractive due to its unique integration. It is noted as South Africa’s only SEZ directly linked with an international airport, King Shaka International Airport. This connectivity offers a powerful structural...

Central Authorities Launch Mega Probe After Fatal Vedanta Power Plant Blaze in Chhattisgarh A major investigation is underway following a deadly accident at the Vedanta power plant located in Dabhra tehsil of Sakti district, Chhattisgarh. The incident, which took place on April 14, resulted in significant loss of life and serious injuries to multiple workers.Central authorities have taken notice of the gravity of the situation. A dedicated central team, comprising officials from the Department of Industrial Safety and Boiler Inspectors, is expected to begin a comprehensive probe into the plant's operations.State and Central Investigations Launched into Vedanta Disaster Following the submission of a detailed report by the State...

Cella Space Ltd Forms Five Wholly-Owned Subsidiaries to Expand Industrial Real Estate Portfolio Cella Space Ltd has established five new wholly-owned subsidiaries (WOS) to further its business objective of developing industrial parks and expanding its presence in the industrial warehousing sector.The Company confirmed the incorporation of the five WOS, each structured with a paid-up capital of Rs. 1 lac, comprising 10,000 equity shares of Rs. 10 each.The newly formed subsidiaries are: 1. Landlink Warehousing Private Limited (LWPL) 2. Store Max Logistics Parks Private Limited (SMLPPL) 3. SafeHold Warehousing Private Limited (SWPL) 4. Victara Industrial Parks Private Limited (VIPPL) 5. Summitra Industrial Ventures Private Limited...

Persistent Systems Ltd to Hold Investor/Analyst Call on April 21, 2026, at Revised Time Persistent Systems Limited has announced an updated schedule for its upcoming investor/analyst call, confirming the event will take place on Tuesday, April 21, 2026. The primary revision concerns the timing of the call.The company confirmed that the investor/analyst call will now be held at 6:00 PM IST. This marks a change from the initially scheduled time of 7:30 PM IST.The timing revision is the only adjustment to the previously communicated details. Persistent Systems Limited noted that all other logistical information, including the registration links and numbers for attending the call, remain unchanged from earlier communications.The...

Rashtriya Chemicals and Fertilizers Ltd Reports Cessation of Government Nominee Director Rashtriya Chemicals and Fertilizers Ltd, a Government of India Undertaking, announced the cessation of Ms. Aneeta C. Meshram from its Board of Directors. The change, which occurred effective April 17, 2026, was mandated following an order received from the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.Ms. Aneeta C. Meshram, identified by DIN 09781436, served as a Government Nominee Director on the Company's board. The company confirmed that her tenure as a Government Nominee Director concluded on April 17, 2026.The material details regarding the directorial change are summarized as follows...

Sumit Woods Limited Shares Listed Following Preferential Issue of 25,90,000 Equity Shares Sumit Woods Limited announced that its further issue of equity shares allotted on a preferential basis has been successfully listed and admitted to dealings on the National Stock Exchange (NSE). The shares represent the conversion of warrants previously issued by the company.The listing confirms the allotment of 25,90,000 Equity shares, each priced at Rs. 10. The total shares are categorized under the symbol SUMIT and belong to the EQ series.The shares became listed and admitted to dealings on the Exchange starting from April 20, 2026.The details of the listed securities, including the allotted shares, are as follows:Security...

Bhooth Bangla Achieves ₹21.60 Crore Collection on Day One, Surpassing Previous Box Office Milestones The movie "Bhooth Bangla," a horror-comedy family entertainer, has debuted in theaters to significant success, garnering a total box office collection of ₹21.60 crore on its first day in India. The film's opening performance has marked a phenomenal start, drawing widespread attention in the cinema industry.Balaji Motion Pictures, a division of Balaji Telefilms Ltd, in association with Cape of Good Films, presents "Bhooth Bangla." The film is packed with a blend of humour and scares, setting it up as a highly anticipated cinematic release.The movie stars Akshay Kumar, Wamiqa Gabbi, Paresh Rawal, Tabu, and Rajpal Yadav. The creative...

Piramal Finance Leads Amalgamation Scheme Filing with National Company Law Tribunal Piramal Finance Limited has initiated proceedings concerning a major amalgamation scheme involving several associated entities. The Company announced that it and several transferor companies filed a Company Application in relation to the Scheme with the Hon'ble National Company Law Tribunal, Mumbai Bench, on April 18, 2026.The amalgamation scheme involves Piramal Finance Limited (which operated previously as Piramal Capital & Housing Finance Limited) and three other key corporate entities. The companies involved are:Piramal Finance Limited (the Transferee Company) Piramal Corporate Tower Private Limited Piramal Agastya Offices Private Limited...

Bharti Airtel Receives Penalty Notice from Department of Telecommunications Bharti Airtel Limited has confirmed receipt of a notice from the Department of Telecommunications, Uttar Pradesh (East) LSA, regarding alleged violations of subscriber verification norms. The notice imposes a penalty of Rs. 1,07,000.The communication was received on April 17, 2026, at 1500 Hrs IST.According to the notice, the Department of Telecommunications mandates that companies ensure adequate verification of customers before enrolling them as subscribers. To confirm compliance with the licensing terms and conditions, the DoT conducts periodic Customer Application Form Audits (CAF Audit).The notice specifically relates to a CAF Audit conducted for...

Icon Facilitators Ltd Secures Contract for Technical Manpower Services from Embassy Services Private Limited Icon Facilitators Ltd, formerly known as Icon Facilitators Private Limited, has received a significant contract order for providing Technical Manpower services. The contract was awarded by Embassy Services Private Limited.The services are slated for provision at Max Square Limited, located at Plot No C3-C, Jaypee Wishtown, Greater Noida Expy, Sector 129, Noida, Uttar Pradesh, India, 201304. The agreement is governed by the Service Agreement between Embassy Services Private Limited and Icon Facilitators Limited.The contract details highlight the overall value and the expected duration of the service period...

Bajaj Consumer Care Limited Receives Consumer Complaint Order from Odisha Commission Bajaj Consumer Care Limited has received an order from the District Consumer Disputes Redressal Commission in Kalahandi, Odisha, concerning a consumer complaint. The directive mandates the payment of amounts aggregating to ₹ 26,25,184/-.The order directs the company to pay the specified amount, which comprises compensation payable to the complainant and amounts allocated towards the Odisha State Consumer Welfare Fund, along with other ancillary directions.The commission passed its order on April 15, 2026, and Bajaj Consumer Care Limited received the direction on April 17, 2026.The matter pertains to a general consumer complaint filed with the...

PNGS Gargi Fashion Jewellery Ltd to Host Investor and Analyst Meeting on April 22, 2026 PNGS Gargi Fashion Jewellery Ltd announced that its management will be meeting with various investors and analysts. The meeting is scheduled for April 22, 2026, and will take place in Pune.The company provided a schedule detailing the specific investor groups attending the session.DateInvestor/Analyst GroupPlaceModeTimeApril 22, 2026Credence Wealth ManagementPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Enigma Investment PartnersPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Turtle CapitalPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Equilligence CapitalPuneIn-Person (Group)11:30 AM - 12:30 PMThe meeting...

Madhav Copper Limited Updates Stakeholders on Tax Order Appeal Madhav Copper Limited provided an update concerning an adjudication order received from the CGST/SGST authorities, noting the company’s appeal against the order.The company previously informed stakeholders on January 19, 2026, regarding the receipt of an adjudication order in Form GST DRC-07 from the CGST/SGST authorities.In the latest update, Madhav Copper Limited announced that it filed an appeal on March 21, 2026, against the order passed by the CGST/SGST authorities.The company stated that, based on the filing of the appeal, it does not anticipate that the issuance of the order will negatively affect its financial, operational, or other business activities.The...