Markets

Independent Director Dr. Subhash Sharma Completes Tenure on Board of Railtel Corporation Railtel Corporation of India Limited (Railtel) announced the cessation of directorship of Dr. Subhash Sharma, an Independent Director, following the completion of his tenure. The change in the board's composition is effective from April 15, 2026.The company confirmed that Dr. Subhash Sharma's term as an Independent Director concluded on April 14, 2026. Consequently, he ceased to hold the position of Director on the Board of Railtel Corporation of India Limited effective April 15, 2026.The departure marks the conclusion of his one-year term as an Independent Director.Key details regarding the cessation of directorship are summarized below...

Hind Aluminium Industries Ltd. Appoints CS Ekta Joshi as New Internal Auditor Hind Aluminium Industries Ltd. announced changes to its Internal Audit function, confirming the resignation of CS Ankita Vishwakarma and the subsequent appointment of CS Ekta Joshi, effective April 15, 2026.The Company’s Board of Directors, following a meeting held on April 15, 2026, accepted the resignation of CS Ankita Vishwakarma from the position of Internal Auditor. Ms. Vishwakarma stated that her resignation is due to other commitments and pre-occupation.The Board concurrently appointed CS Ekta Joshi to serve as the Company's new Internal Auditor, effective April 15, 2026.The appointment marks a transition in the Company's internal governance...

Magson Retail and Distribution Limited Allots 4,40,000 Equity Shares Following Warrant Conversion Magson Retail and Distribution Limited announced the allotment of 4,40,000 fully paid-up equity shares following the conversion of a portion of its convertible equity warrants. The allotment was approved by the Board of Directors during a meeting held on April 15, 2026.The transaction involved one warrant holder belonging to the Promoters Group, United Friends Ventures LLP. This entity exercised its option to convert 4,40,000 warrants, paying the balance 75% of the issue price for the conversion.In the conversion, the Company allotted 4,40,000 fully paid-up equity shares, each having a face value of ₹ 10. The total balance amount...

Hariom Pipe Industries Ltd Reports Credit Rating Update from CRISIL Ratings Hariom Pipe Industries Ltd has announced an update regarding the credit ratings assigned by CRISIL Ratings Limited for its banking facilities. The ratings provide insights into the company's current financial standing across both fund-based and non-fund-based lending categories.The latest ratings, detailed in the company's report dated April 15, 2026, show changes in the assessment of the company's banking facilities.The assigned ratings are presented below:Bank FacilityTenurePrevious RatingsLatest RatingsFund BasedLong TermCRISIL A-/StableCRISIL A-/Watch DevelopingNon-Fund BasedShort TermCRISIL A2+CRISIL A2+ /Watch DevelopingStock Price...

Seshasayee Paper and Boards Ltd to Hold Board Meeting to Approve FY 2026 Financial Results and Dividend Seshasayee Paper and Boards Ltd has announced that its Board of Directors will convene a meeting on Tuesday, May 12, 2026. The board meeting is scheduled to take place at 109, Nungambakkam High Road, Chennai 600 034.The primary focus of the meeting is to consider and approve critical financial documents and recommendations for the company. The agenda includes reviewing the Audited Standalone and Consolidated Financial Results of the Company for the financial year ending March 31, 2026.In addition to the financial results, the board will also address and consider the recommendation of a dividend for the financial year 2025-26...

Ms. Jayasree Gopinathan Appointed Additional Director at Zonal Training Centre, Pune Life Insurance Corporation of India (LIC) has announced the elevation of Ms. Jayasree Gopinathan to the position of Additional Director, Zonal Training Centre, Pune. This change in senior management personnel reflects her promotion following decades of service with the Corporation.The appointment of Ms. Jayasree Gopinathan is effective as of April 15, 2026. She transitioned from her previous role as Chief (New Business & Re-insurance/Health Insurance) at the Central Office in Mumbai.The details regarding the personnel change are as follows:Name of PersonnelEarlier DesignationCurrent DesignationMs. Jayasree GopinathanChief (New Business &...

Infosys Appoints 7-Time Grand Slam Champion Carlos Alcaraz as Global Brand Ambassador Infosys Limited, a global technology services leader, has announced a multi-year partnership with Carlos Alcaraz, welcoming the seven-time Grand Slam Champion as its Global Brand Ambassador. The collaboration aims to accelerate Infosys' role as the AI-powered transformation partner for champions in tennis and global industries.The announcement, made on April 15, 2026, highlighted a convergence of professional excellence, linking the champion mindset of sport with the consistency and innovation provided by enterprise technology.Infosys, a global leader in AI-first business consulting, recognized Alcaraz for his achievements, including being the...

Goodyear India Launches New Eagle F1 Asymmetric 6 Tyres for Domestic Market Goodyear India Ltd announced the launch of two new tyre products, Eagle F1 Asymmetric 6 and Eagle F1 Asymmetric 6 SUV, effective April 15, 2026. The new offerings fall under the tyre category and are designed for the domestic Indian market.The company confirmed that the newly launched products will be manufactured by Goodyear South Asia Pvt. Ltd. and will be sold by Goodyear India Ltd in the replacement market. Goodyear India Ltd specializes in marketing and selling passenger car tyres in the replacement market, which are manufactured by Goodyear South Asia Tyres Pvt Ltd. in Aurangabad.The core details of the new products launched are as follows...

Tata Communications Issues Commercial Paper Worth ₹400 Crore Tata Communications Ltd has announced the issuance and allotment of Commercial Paper (CP) aggregating to ₹ 400 crore. The transaction details specify the financing instrument, its size, and the repayment structure.The company issued the Commercial Paper on April 13, 2026, which is scheduled for redemption on June 15, 2026. The securities were listed on the National Stock Exchange of India Limited on April 15, 2026.The key financial details of the Commercial Paper issue are summarized below:Description of the securityDetailSecurity TypeCommercial PaperTotal Size of Issue₹400 croreIssue DateApril 13, 2026Redemption DateJune 15, 2026Face Value per...

SEBI Boosts Oversight: Experienced Leader K.V.R. Murty Takes Charge as Whole Time Member Shri K.V.R. Murty has taken charge as the Whole Time Member of the Securities and Exchange Board of India (SEBI). The appointment, effective from April 15, 2026, marks a significant addition to the board's leadership. Shri Murty was previously serving as the Additional Controller General of Defence Accounts for the Ministry of Defence.Deep Dive into Expertise and Background Shri Murty brings an extensive professional history spanning over three decades to the role. His background is marked by diverse and crucial roles, encompassing areas from national security to complex corporate law matters. Academically, he holds a Master's Degree in Economics...

Continental Controls Ltd Reports Resignation of Company Secretary and Compliance Officer Continental Controls Ltd announced the resignation of its Company Secretary and Compliance Officer, Ms. Jyoti Darade. The departure was effective from April 15, 2026.The company confirmed that Ms. Jyoti Darade tendered her resignation on April 15, 2026. She relinquishes the roles of Company Secretary and Compliance Officer of the Company to pursue career opportunities outside the organization.Continental Controls Ltd's Board of Directors formally accepted her resignation during a meeting held on April 15, 2026. Ms. Darade will be relieved of her duties with effect from the close of business hours on the same date.The key details of the...

Alka India Ltd Approves Financial Results, Dividend, and Mega Bonus Issue for FY2025-26 Alka India Ltd announced key corporate decisions following its Board of Directors meeting held on April 7, 2026. The company approved its audited financial results for the financial year 2025-26, recommended a final dividend, and proposed a significant bonus equity share issue.The Board meeting also sanctioned the addition of new business verticals to the company’s objects, facilitating a strategic shift from the textile sector to the agro-commodity sector.Financial Results Overview The company submitted its audited financial results for the financial year 2025-26. The reported consolidated financials for the quarter ended March 31, 2026, showed...

Orient Cement to Approve Financial Results and Recommend Dividend at Board Meeting Orient Cement Ltd announced key corporate dates for the finalization of its financial results for the fiscal year 2025-26. The company stated that its Board of Directors meeting is scheduled to approve the audited financial results and recommend a potential dividend.The Board meeting is set for Tuesday, April 28, 2026. During this meeting, the directors will consider and approve the Audited Financial Results of the Company for the quarter and year ended March 31, 2026, and will recommend a dividend, if any, on the equity shares for the financial year 2025-26.The company also provided specific details regarding its trading window and subsequent...

Equitas Small Finance Bank to Host Board Meeting and Earnings Call for Q4FY26 Results Equitas Small Finance Bank Ltd is scheduled to hold a Board of Directors meeting on Thursday, April 30, 2026. The primary agenda for the meeting is to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026.The Bank also announced that an Earnings Call with Investors and Analysts has been scheduled for Saturday, May 02, 2026, at 11:00 A.M. During this call, the Bank's management team will discuss the financial performance achieved for the quarter and financial year ended March 31, 2026.In preparation for the release of results, the Bank confirmed that the trading window for designated persons and...

TheraNym Biologics Expands CMO Capacity with MSD, Commits $150-$175 Million to New Facility Aurobindo Pharma Ltd.'s subsidiary, TheraNym Biologics Private Limited, has announced the execution of an additional product schedule with Merck Sharpe & Dohme Singapore Trading Pte. Ltd. (MSD). This agreement significantly expands TheraNym's existing contract manufacturing organization (CMO) relationship with MSD, initially established in May 2024.The newly signed product schedule facilitates the construction of a greenfield project, designated as 'Unit 2.' This facility is set to become a large-scale mammalian Drug Substance manufacturing facility, significantly bolstering TheraNym's capacity in the biologics sector.Under the terms of the...

Texmaco Rail & Engineering Wins Rs. 0.39 Crore Order from South Eastern Railway Texmaco Rail & Engineering Ltd has secured a contract order valued at Rs. 0.39 crores (excluding taxes) from the South Eastern Railway. The contract involves the supply of Bogie Frame Assembly for Non-AC Air Spring Type LHB FIAT Bogie.The order, identified as a domestic contract, specifies the supply of Bogie Frame Assembly for Non-AC Air Spring Type LHB FIAT Bogie. The execution of the contract must be completed on or before September 13, 2026.The details of the contract awarded by the South Eastern Railway are as follows:ParticularsDetailsAwarding EntitySouth Eastern RailwayNature of ContractSupply of Bogie Frame Assembly for Non-AC Air...

Rubicon Research to Acquire 85% Stake in Arinna Lifesciences for Pharmaceutical Growth Rubicon Research Limited has entered into definitive agreements to acquire an 85% stake in Arinna Lifesciences Limited. Following this acquisition, Arinna Lifesciences will become a subsidiary of Rubicon Research Limited.Arinna Lifesciences Limited is a branded pharmaceutical marketing company based in Ahmedabad, India. The company specializes in the marketing of branded pharmaceutical products within the Indian domestic market, focusing particularly on the CNS (Central Nervous System) and neuro-psychiatric therapeutic segment. Arinna's product portfolio includes items such as antiepileptics, antidepressants/thymoleptics, and antipsychotics. The...

Baazar Style Retail Secures Settlement of Insurance Claim for Fire-Affected Inventory Baazar Style Retail Limited has confirmed the settlement of an insurance claim regarding a significant loss of inventory resulting from a fire incident at its central warehouse. The company accepted the claim amount from Bajaj Allianz General Insurance Co. Limited and stated the funds will be received shortly.The fire incident occurred at the company’s erstwhile central warehouse, located in Sreerampur District, Hooghly, West Bengal, on May 20, 2024. The fire resulted in a significant loss of inventory, which was initially valued at ₹50.85 Crores. During the fiscal year 2025, the company had recognized a receivable amount of ₹43.65 Crores against...

V-Guard Industries Receives Show Cause Notice on Excess ITC Availment V-Guard Industries Limited has confirmed the receipt of a Show Cause Notice (SCN) concerning the availment of Input Tax Credit (ITC). The communication was received from the Joint Commissioner, CGST, Audit Commissionerate, Dehradun, on April 14, 2026.The notice pertains to the period spanning Fiscal Year (FY) 2020-21 through 2023-24. The core issue outlined in the communication involves allegations related to the inadmissible, wrong, or excess availment of ITC and a short payment identified during the GSTR-9 reconciliation process.The notice highlights significant potential financial implications for the company. The short payment of GST communicated amounts to...

Suzlon Energy Ltd. Confirms Material Price Movement in Shares Suzlon Energy Ltd. reported that a Material Price Movement (MPM) was observed in the company's stock on April 15, 2026. The movement was detected at 9:43 a.m.In addressing the incident, the company noted that it could not ascertain any corresponding event or information in the mainstream media that triggered the observed price fluctuation.The company confirmed that the observation was for the information of the public at large.Stock Price Movement As the market closed Wednesday, Suzlon Energy Ltd shares settled at ₹48.95, edging higher by 6.76%. The stock showed good action throughout the day, trading across an intraday range from ₹46.75 to a high of ₹49.37.Source: