Markets

MosChip Technologies to Acquire 73% Stake in Vayavya Labs to Scale Product Engineering Solutions MosChip Technologies Limited is set to acquire a 73% controlling stake in Vayavya Labs Private Limited (VLPL), marking a significant move in its strategy to scale its software-led Product Engineering Solutions business. The proposed acquisition, which gained the approval of the company's Board of Directors, will bolster MosChip's capabilities and market presence.The total consideration for the 73% shareholding is ₹ 245.49 crores. The payment structure involves a combination of cash and shares, with the cash component amounting to ₹ 148.52 crores and the remaining value being handled through the issuance of swap shares for ₹ 96.97 crores...

HPL Electric & Power Limited Receives Credit Rating Upgrade from CRISIL Ratings HPL Electric & Power Limited has received a rating upgrade on its long-term bank loan facilities from CRISIL Ratings Limited. The upgrade boosts the rating from 'Crisil A/Stable' to 'Crisil A+/Stable', while the short-term rating was reaffirmed.The rating action covers the company's total bank loan facilities, which stand at Rs. 1614 Crore.According to the rating assessment, the detailed rating action is as follows:MetricRating ActionDetailsTotal Bank Loan Facilities RatedRs. 1614 CroreLong Term RatingCrisil A+/StableUpgraded from 'Crisil A/Stable'Short Term RatingCrisil A1ReaffirmedThe upgrade pertains specifically to the long-term bank...

Jamna Auto Industries Ltd Receives Updated Credit Ratings from ICRA Limited Jamna Auto Industries Ltd announced on April 16, 2026, that rating agency ICRA Limited assigned credit ratings to the company's various bank facilities. The ratings were based on a communication received on April 15, 2026.The rating assignment detailed facilities across long-term, short-term, and working capital segments, covering a total rated amount of 550 Rs. In Crore.The ratings provided by ICRA Limited for the company's bank facilities are as follows:InstrumentRated Amount (Rs. In Crore)RatingRating ActionLong Term Fund-based Term Loan90[ICRA]AA (Stable)Upgraded from [ICRA] AA- (Positive) and outlook revised to Stable from PositiveLong...

Zydus Lifesciences Limited announced that it has successfully received the Establishment Inspection Report (EIR) and the official approval letter from the USFDA. This approval follows the Pre-Approval Inspection (PAI) conducted at the company's oncology injectable manufacturing site located in SEZ1, Ahmedabad.The successful inspection confirms the readiness of the facility, specifically relating to the company's new isolator injectable line. The USFDA conducted the Pre-Approval Inspection from November 4 to November 13, 2025.The announcement of this key operational milestone was made on April 16, 2026.ZYDUSLIFE Stock Price Movement As of 12:52 PM, shares of Zydus Lifesciences Limited are slipping by 0.24% in live trading...

SG Finserve Approves Audited Results and Appoints Additional Director Deepak Kumar On April 16, 2026, SG Finserve Ltd. announced key approvals following its Board of Directors meeting. The company reviewed and approved its audited financial results for the quarter and the year ended March 31, 2026. Furthermore, the Board approved the appointment of Mr. Deepak Kumar as an Additional Director.Board Approval and Director Appointment The Board of Directors approved the appointment of Mr. Deepak Kumar (DIN: 03056481) as an Additional Director. He will serve in the capacity of a Non-Executive - Non-Independent Director-Chairperson of the Company, liable to retire by rotation. This appointment is effective from April 16, 2026, and is subject...

LT Foods Appoints Ritesh Sud as Chief Marketing Officer for India & Far East LT Foods Ltd., a major global FMCG company in the consumer food sector, announced the appointment of Mr. Ritesh Sud as Chief Marketing Officer - India & Far East. This strategic move underscores the company's focus on accelerating brand-led growth, deepening consumer relevance, and advancing its transformation into a future-ready, consumercentric organization.In his new capacity, Mr. Sud will provide strategic leadership aimed at strengthening LT Foods' market standing and expanding its footprint across high-growth product categories across India and the Far East. His mandate will involve building strong, differentiated, and scalable brands, strengthening...

DY Captive Projects LLP Sells 5.33 Million Shares in Mangalam Industrial Finance Limited DY Captive Projects LLP has sold a total of 5,338,272 equity shares in Mangalam Industrial Finance Limited, executing the transaction through open market sales on the Bombay Stock Exchange (BSE) over two dates.The sales indicate a disposal of a portion of the shares previously held by the entity. The shares were sold in two tranches: 2,587,606 shares on April 13, 2026, and 2,750,666 shares on April 15, 2026.Kameshwar Singh, Designated Partner of DY Captive Projects LLP, reported the transaction details, confirming the total value of the open market sales amounted to Rs. 1,42,51,29,928/-.The shareholding structure of Mangalam Industrial Finance...

Moschip Technologies to Acquire 73% Stake in Vayavya Labs Private Limited Moschip Technologies Ltd announced a significant strategic acquisition, approving the purchase of a 73% stake in Vayavya Labs Private Limited (VLPL). The total consideration for the acquisition stands at ₹ 245.49 crores, paid through a combination of cash and swap shares.The Board of Directors of Moschip Technologies held a meeting on April 16, 2026, and approved the Share Purchase Agreement (SPA) to acquire the stake from VLPL’s existing shareholders.Transaction Structure DetailsThe total consideration of ₹ 245.49 crores is structured as follows:Cash component: ₹ 148.52 crores Swap shares component: ₹ 96.97 croresTo fulfill the consideration involving...

AVI Polymers Ltd. Pivots into AgriTech with 'KrishiBuddy' Launch; Reports Strong Q3 Profitability AVI Polymers Limited (BSE: 539288) has announced a significant strategic shift into the high-growth AgriTech sector with the official launch of 'KrishiBuddy'. This advanced, AI-powered smart farming platform was developed by the company's wholly-owned subsidiary, AVI Eco Spark Private Limited. The launch marks a definitive milestone for AVI Polymers, signaling an aggressive transition toward innovation-led, technology solutions.The company reported strong Q3 financial results, noting a net profit of ¥701.98 lakh for Q3 FY26. This profitability was attributed to improved business momentum and operational execution across the organization...

ITCONS E-Solutions Secures New Manpower Contract Worth INR 85.38 Lakh from Indian Army ITCONS E-Solutions Ltd, formerly known as ITCONS E-Solutions Private Limited, has secured a new contract from the Indian Army, Department of Military Affairs, Ministry of Defence. The agreement involves providing 31 resources and has a total contract value of INR 8538027.08.The contract, classified as Manpower Outsourcing Services, is slated to cover a period of one year. The service period is scheduled to commence on April 29, 2026, and is set to remain in force until April 03, 2027, unless extended by mutual agreement between the parties.The agreement marks a significant business achievement for the company, which operates as a domestic entity...

Sasken Technologies Launches Hyderabad Center of Excellence to Boost Engineering and Digital Innovation Sasken Technologies Ltd., a major provider of product engineering and digital transformation services, announced the launch of its Center of Excellence (CoE) in Hyderabad on April 16, 2026. This new facility is set to reinforce Sasken's regional delivery capabilities and deepen its technical partnerships with strategic chipset customers, including Qualcomm and their Original Equipment Manufacturers (OEMs).Located within one of India’s fastest-growing technology hubs, the Hyderabad CoE is designed to focus on next-generation engineering solutions. Its scope spans connected devices, 5G-led platforms, IoT solutions, embedded systems...

LTIMindtree Announces Earnings Conference Call for Q4 and FY26 LTIMindtree Ltd has announced details for its upcoming Earnings Conference Call reviewing the company's performance for Q4 and the full fiscal year 2026.The conference call is scheduled for Thursday, April 23, 2026, beginning at 19:00 hours IST.The session is structured to include a comprehensive management discussion regarding the performance during Q4 and FY26, followed by an interactive Question & Answer segment for participants.To join the call, participants are requested to utilize the provided registration link.LTIMindtree confirmed that the recording and transcript of the earnings call will be made available on the company's investor relations webpage...

Shyam Metalics and Energy Ltd Commences Commercial Production of Colour Coated Sheets Facility Phase II Shyam Metalics and Energy Ltd reported that its step-down subsidiary, Shyam Sel and Power Limited (SSPL), has successfully commissioned and commenced commercial production from Phase II of its Cold Rolling Mill (CRM) Facility for Colour Coated Sheets. The facility is located at its plant in Jamuria, with commercial operations beginning on April 16, 2026.The commissioning of Phase II significantly boosts the company’s manufacturing capabilities in the value-added steel segment.With this expansion, SSPL has added an incremental capacity of 0.15 Million Tonnes Per Annum (MTPA) dedicated to Colour Coated Sheets. This addition brings...

Urban Enviro Waste Management Limited Pays Penalty of Rs. 11,800 for Non-Compliance Urban Enviro Waste Management Limited, formerly known as Agpur Waste Handling Pvt Ltd, confirmed receiving a penalty notice from the National Stock Exchange of India Limited (NSE). The fine relates to non-compliance observed during the period ending March 31, 2026.The Company stated that the regulatory lapse was not intentional nor deliberate. In response to the notice dated April 15, 2026, the company reported details regarding the penalty imposed for the observed failure to comply with stipulated regulations.Financial Breakdown of Penalty The National Stock Exchange of India Limited levied a total fine which included both the principal fine amount...

United Drilling Tools Ltd Receives Domestic Order from ONGC for Integral Blade Stabilizer United Drilling Tools Ltd. has secured a domestic order from Oil and Natural Gas Corporation Limited (ONGC) for the supply of Integral Blade Stabilizer, along with associated accessories, in the ordinary course of business. The contract is categorized as a commercial domestic order expected to be executed within a timeframe of four to five months.The order details indicate that the contract value is estimated at Rs. 5,03,55,686.80.The core details of the business transaction are summarized below:ParticularsDetailsAwarding EntityOil and Natural Gas Corporation LimitedProduct SuppliedIntegral Blade StabilizerNature of OrderCommercial...

GAIL Partners with TUSCO to Establish 600 MW Solar Power Project in Uttar Pradesh GAIL (India) Limited, India's integrated energy major, has signed contract agreements with M/s TUSCO Limited for the establishment of a 600 MW solar power project in Uttar Pradesh. The agreement covers the solar power development at TUSCO's Solar Park located in Jhansi.The signing ceremony took place on April 15, 2026. The contract agreements were executed by Shri Parivesh Chugh, Executive Director (SD & Renewables), GAIL (India) Limited, and Shri Anil Tyagi, CEO, TUSCO Ltd. The event was also attended by Shri R K Singhal, Director (Business Development), GAIL (India) Limited, and Shri Neeraj Verma, Executive Director, THDC, along with other senior...

Trustwave Securities Ltd Announces Reduction of Paid-up Share Capital to INR 32.68 Lakhs Trustwave Securities Ltd, formerly known as Sterling Guaranty & Finance Limited, announced a significant reduction in its paid-up share capital. The restructuring initiative aims to clear accumulated losses and refresh the company’s financial structure, thereby enhancing its market appeal and operational efficiency.The company confirmed that the reduction was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, via an order dated March 19, 2026.Key Details of the Capital ReductionThe Board of Directors fixed Monday, April 27, 2026, as the Record Date for the purpose of effectuating the reduction.The reduction will see the...

Infollion Research Services Limited has released its audited financial results for the half year and the year ended March 31, 2026. The results include consolidated and standalone financial statements, reflecting the company's performance through the first half of the fiscal year.The company announced that the Board of Directors approved and took on record the audited financial results, accompanied by the Auditor's Report.Financial Performance Highlights (₹ Lakh) Infollion Research Services Limited reported total income of 10,298.78 for the full year ended March 31, 2026, compared to 7,951.16 for the previous year. For the half year ended March 31, 2026, total income stood at 5,032.20, up from 4,333.17 in the same period last year...

Birlasoft Ltd, a technology arm of the CKA Birla Group, has been recognized as a Leader in the Manufacturing Industry Services and Solutions study by Information Services Group (ISG). This recognition highlights the company's specialized capabilities in delivering end-to-end, outcome-driven digital transformation for manufacturers globally.Birlasoft secured leadership positions in two critical areas: Supply Chain & Aftermarket Services and Technology, and Transformation & Consulting Services. This achievement underscores the company's deep domain knowledge, combined with its differentiated portfolio of proprietary Intellectual Property (IP), platforms, and accelerators designed to support intelligent, connected, and sustainable...

MIC Electronics Ltd Secures Major Contracts with Central and Southern Railways MIC Electronics Ltd has recently announced the securing of two significant contract wins from the Indian Railways sector, enhancing its position in the railway infrastructure and telecommunications assets market. The contracts involve crucial projects for both the Central Railway (CR) and the Southern Railway (SR) zones.The company received a Letter of Acceptance (LOA) from the Signal and Telecommunication (S&T) department of the Nagpur Division, Central Railway (CR) Zone of Indian Railways. This contract pertains to the Supply, Installation, Testing & Commissioning of Telecom assets and Passenger amenities IPIS at the Wardha station in the Nagpur division...