Markets

Indo Euro Indchem Faces GST Demand Order Alleging Fraudulent ITC Availment Indo Euro Indchem Ltd has received a GST Demand Order from the Office of the Assistant Commissioner of Central GST & Central Excise, Division-I, Mumbai Central Commissionerate. The order, dated March 13, 2026, addresses allegations concerning the company’s handling of Input Tax Credit (ITC).The company confirmed that its management and GST team reviewed the notice internally, and following advice from tax consultants, it has decided to defend the matter before the appropriate appellate authority. Indo Euro Indchem Ltd plans to file a formal response to the GST Demand Order within the prescribed timelines.Details of the GST Demand Order The action was taken...

JMD Ventures Ltd to Hold Board Meeting to Approve Financial Results for FY 2026 JMD Ventures Ltd., formerly known as JMD Telefilms Industries Ltd., has announced that its Board of Directors will convene a meeting to consider and approve its audited financial results. The meeting is scheduled for Tuesday, May 26, 2026.The primary purpose of the board meeting is to review and finalize the Audited Financial Results covering both the fourth quarter and the full Financial Year ended March 31, 2026.The company issued the notice detailing the board meeting to all members. This meeting is set to formalize the financial performance of JMD Ventures Ltd. for the reported period.Stock Price Movement As of 11:27, JMD Ventures shares are...

Patel Engineering Limited Appoints Jana Chatra as Additional Independent Director Patel Engineering Limited announced that its Board of Directors has approved the appointment of Ms. Jana Chatra as an Additional Independent Director. The appointment is effective for a consecutive period of three years, commencing on April 15, 2026, and concluding on April 14, 2029.The board resolution dated April 15, 2026, approved the appointment of Ms. Jana Chatra (DIN: 07149281) to the role of Additional Independent Director.Ms. Jana Chatra's Profile and Experience Ms. Jana Chatra brings extensive experience in corporate strategy, business development, and risk management to the role. She currently serves as a Partner at Excelus Capital Advisers...

Mahanagar Telephone Nigam Limited Announces Cessation of Independent Directors' Tenure Mahanagar Telephone Nigam Limited (MTNL), a Government of India Enterprise, has announced the completion of the tenure for two of its Independent Directors, effective April 15, 2026.MTNL confirmed that Shri Vishwas Pathak and Ms. Deepika Mahajan have ceased to serve as Independent Directors of the Company, marking the conclusion of their respective tenures.The company confirmed the details of the departure of the independent directors, noting that the cessation was due to the completion of their specified tenure period.The details regarding the directors who concluded their service are presented below:Director NameDINStatusCessation...

Prime Capital Market Ltd. To Hold Board Meeting for Q4 and FY 2026 Results Prime Capital Market Ltd. has announced that a meeting of its Board of Directors is scheduled to consider and approve its Audited Financial Results.The Board meeting is set to take place on Thursday, May 28, 2026. The primary focus of the meeting will be the review and approval of the audited financial results for the 4th quarter and the full Financial Year ending March 31, 2026.The update, which concerns the financial performance for the period concluding March 31, 2026, was issued by the company. Managing Director Adarsh Purohit confirmed the details of the scheduled board meeting.Stock Price Movement Prime Capital Market Ltd. shares settled at ₹6.20 on...

PS IT Infrastructure & Services Ltd to Hold Board Meeting to Approve FY and Q4 Results PS IT Infrastructure & Services Ltd announced that its Board of Directors will convene a meeting on Tuesday, May 26, 2026. The primary objective of the meeting is to consider and approve the Audited Financial Results for both the 4th quarter and the full Financial Year ended on March 31, 2026.The planned board meeting details the formal consideration and approval of the company's financial performance for the period ending March 31, 2026.The announcement confirmed the schedule for the key corporate event, noting that the company’s records will cover the 4th quarter and the entirety of the financial year ending on March 31, 2026.The update was...

Greencrest Financial Services Announces Board Meeting for FY2026 Results Greencrest Financial Services Ltd has scheduled a Board of Directors Meeting to review and approve its audited financial results for the fiscal year and the fourth quarter. The meeting is set to take place on Thursday, May 28, 2026.The primary agenda for the board will involve considering and approving the audited financial results for the 4th quarter, alongside the comprehensive results for the Financial Year ending on March 31, 2026.The company, which was formerly known as Marigold Glass Industries Limited, will have the results finalized and presented at this meeting.Sushil Parakh, Managing Director of Greencrest Financial Services Ltd, is overseeing the...

Markolines Pavement Technologies Secures Work Orders Totaling Over Rs 29 Crore from Sports Authority of Andhra Pradesh Markolines Pavement Technologies Limited has announced the acceptance of multiple work orders from the Sports Authority of Andhra Pradesh, significantly boosting its project pipeline. The company secured contracts valued at a total of Rs 29,37,75,305.93 for various development and infrastructure projects in the Vijaywada region.The contracts were awarded by the Sports Authority of Andhra Pradesh at the I.G.M.C. Stadium in Vijaywada. The executed work orders focus on developing and upgrading sports infrastructure in the area.Markolines accepted two major contracts under the Letter of Award (LoA) from the Sports...

Korean Air Digits Transformation with Ramco Aviation Suite to Build Asia's Largest MRO Hub Seoul, South Korea / Chennai, India — Global aviation software provider Ramco Systems announced the successful go-live of its comprehensive Aviation Suite at Korean Air's Engine Maintenance Center. The implementation equips Korean Air, South Korea's flag carrier and largest airline, with a scalable, future-ready platform designed to streamline complex operations and bolster its world-class engine maintenance capabilities.The Ramco Aviation Suite provides seamless process integration for Korean Air, spanning Engine Maintenance, Finance, Customer Support, and Billing. The solution's capabilities extend to integrating with both internal and...

Megastar Foods Ltd Issues Correction Regarding Market Committee Fee Notice Megastar Foods Ltd has clarified details concerning a notice received from the Market Committee, Rupnagar, relating to alleged non-payment of Market Committee Fee and RDF Fee. The company issued a revised intimation to correct an unintentional error in the financial amounts previously reported.The notice, dated April 9, 2026, was received by Megastar Foods Ltd on April 13, 2026. The correction pertains to the financial amounts stipulated for the Market Committee Fee and the RDF Fee. The initial disclosure mistakenly stated these amounts as Rs. 36,568,59,110/-, whereas the correct figure is Rs. 36,68,59,110/- for both fees.The revised details regarding the...

GAIL to Invest Rs 3800 Crore in 700 MW Solar Projects Across UP and Maharashtra GAIL (India) Limited, a Government of India Undertaking and Maharatna Company, has announced a major investment plan to boost its renewable energy portfolio. The company has approved setting up 700 MW of solar power projects with a total investment of Rs 3800 crore in the states of Uttar Pradesh and Maharashtra.The solar initiative involves establishing two key facilities, designed to meet the captive energy requirements of GAIL’s operational plants.The planned projects are detailed as follows:StateCapacity (Solar)Storage SystemFacility DetailsPrimary PurposeUttar Pradesh600 MW550 MWh BESSTUSCO Solar Park JhansiCaptive energy for Petrochemical...

V B Industries Ltd to Hold Board Meeting to Approve Q4 and Financial Year 2026 Results V B Industries Ltd has announced that its Board of Directors will convene a meeting to consider and approve its audited financial results. The board meeting is scheduled for Thursday, May 28, 2026.The primary purpose of the meeting is to review and approve the audited financial results pertaining to the 4th quarter and the Financial Year ended on March 31, 2026.The company confirmed the scheduled board meeting date, with the notice signed by the Managing Director of V B Industries Ltd.Stock Price Movement As of 10:49, V B Industries Ltd shares are holding steady at ₹6.40, reflecting zero change for the day so far. The stock has traded within a...

Hexaware Dream Runners Half Marathon Returns to Chennai on July 19, 2026 Chennai's largest half marathon, the Hexaware Dream Runners Half Marathon (DRHM), is set to return on July 19, 2026. Hexaware Technologies, a global provider of IT solutions and services, will serve as the title sponsor for the seventh consecutive year, underscoring its ongoing commitment to promoting a healthier lifestyle and contributing to the community.The Hexaware Technologies Ltd. confirmed the return of the event, designed to make fitness accessible to all residents of Chennai. The competition offers two primary race categories, 21.1K and 10K, accommodating runners of various experience levels. To facilitate participation, the event will provide free...

EaseMyTrip Expands Latin American Footprint with Strategic Partnerships in Brazil New Delhi, April 15, 2026: EaseMyTrip, a leading online travel-tech platform in India, has announced an expansion of its presence in Latin America. The company recently signed multiple strategic Memorandums of Understanding (MoUs) with prominent corporate and institutional partners in Brazil. This move reinforces the company's long-term expansion strategy within one of the region’s most significant and rapidly evolving travel markets.The agreements were signed with various corporates, including AGK Corretora de Câmbio, Neo Sector, AMVALE -Associação dos Municípios do Vale do Rio Grande, DATAGRO, X3 - Brazil, and Lummio Technologia. These partnerships are...

Lakshya Powertech Secures Rs. 21.24 Crore Work Order from Micron Electricals Lakshya Powertech Limited has secured a significant Work Order from Micron Electricals (India) Private Limited, reaffirming its position in the data center industry. The contract, valued at Rs. 21,24,00,000 /- (Rupees Twenty-One Crore Twenty-Four Lakhs) including GST, is focused on specialized energy infrastructure work.The receipt of the work order highlights the company's continuous efforts and strategic focus on enhancing its capabilities within the data center domain. This achievement reinforces Lakshya Powertech's reliability and competitive standing in a rapidly evolving sector.The contract awarded by Micron Electricals (India) Private Limited...

Department of Telecommunications Extends Additional Charge for MTNL CMD Post The Department of Telecommunications (DoT), Ministry of Communications, Government of India, has issued an order extending the additional charge of the post of Chief Managing Director (CMD) of Mahanagar Telephone Nigam Limited (MTNL). The charge, currently held by Shri A. Robert J. Ravi, CMD of BSNL, has been extended for a further period of three months.The extension mandate, issued by the Department of Telecommunications, ensures that the posts of CMD, BSNL, CMD, MTNL, and CMD, BBNL remain occupied as an interim measure.The Department of Telecommunications released the order on April 14, 2026, extending the additional charge to Shri A. Robert J. Ravi...

Tembo Group Subsidiary Receives Licence to Manufacture Ammunition Tembo Classic Engineering Private Limited (TCEPL), a subsidiary of Tembo Global Industries Limited, has been granted a critical licence by the Ministry of Home Affairs, Government of India. The licence authorizes the company to manufacture ammunition of various calibers.This development represents a significant milestone for the Tembo Group, enhancing its presence within the defence and security manufacturing sector.TCEPL, which was previously known as Tembo Defence Products Private Limited, is now authorized to undertake comprehensive manufacturing activities for ammunition.The company plans to commence commercial production for Arms and Ammunitions according to a...

Sanghvi Movers Ltd Appoints Mr. Saumil Dave as Chief Operating Officer Sanghvi Movers Ltd has appointed Mr. Saumil Dave as its Chief Operating Officer (COO) and designated him as Senior Management Personnel. The appointment followed a recommendation by the Nomination and Remuneration Committee and received approval from the company's Board.The appointment is effective from April 14, 2026, with the term being Full Time Employment.In terms of professional background, Mr. Saumil Dave holds a Bachelor of Commerce degree from Mumbai University. He has also secured certifications in Marketing and Management from Ryerson University, Canada, in addition to a Project Management Program certification. His professional experience includes...

Tata Technologies Board to Approve FY 2026 Results and Recommend Dividend Tata Technologies Ltd. announced that a meeting of its Board of Directors is scheduled for Monday, May 4, 2026. The meeting aims to approve the company’s financial results for the quarter and the full financial year ended March 31, 2026.The Board's key agenda points include considering and approving the audited financial results, both standalone and consolidated, for the period ending March 31, 2026, along with the respective reports of the auditors.Furthermore, the Board meeting is mandated to recommend a dividend, if any, on the Equity Shares of the Company for the financial year ended March 31, 2026. This recommendation will subsequently be presented to the...

TANFAC Industries Secures Five-Year Memorandum of Understanding for Rs. 1,250 Crores Supply Deal TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has entered into a Memorandum of Understanding (MoU) with a large multinational company. The agreement pertains to the supply of fluorinated products and carries an estimated total value of Rs. 1,250 crores over a five-year period.The MoU solidifies a significant business relationship, committing TANFAC Industries to supply 5,000 MT per annum of its key fluorinated product to the multinational partner.The key terms and commercial details of the MoU are outlined as follows:ParticularsDescriptionPartner EntityA large multinational company...