Markets

Alkem Laboratories Increases Investment in Ujjain Manufacturing Facility Alkem Laboratories Limited announced an increase in investment for its greenfield formulations manufacturing facility in Ujjain, Madhya Pradesh. The company initially received an allotment letter on March 18, 2026, for 30 acres of land within the DMIC Vikram Udyogpuri Limited industrial area, Phase-2, Ujjain. The initial investment approval from the Board of Directors was up to INR 533 crores, to be made in a phased manner.On April 2, 2026, the Board approved an increase in the investment, now totaling up to INR 1036 crores, also to be deployed in phases. The facility is intended to manufacture formulations. A copy of the announcement will be available on the...

Shilchar Technologies Ltd. Receives GST Order Shilchar Technologies Ltd. announced receipt of an order dated March 26, 2026, from The Joint Commissioner of Central Tax, CGST and Central Excise, Vadodara-I. The order was received April 1, 2026.The order confirms a GST demand of Rs. 3,21,20,305, along with an interest amount of Rs. 2,13,023, and a penalty of Rs. 50,000. The total demand is Rs. 3,57,97,625, which includes interest of Rs. 2,78,699 and a penalty of Rs. 2,00,000. Shilchar Technologies has already paid Rs. 1,95,851 in tax, Rs. 1,77,297 in interest, and Rs. 50,000 in penalty, which has been appropriated against the confirmed demand.The interest was levied under Sections 50(1) / (3) of the CGST Act, 2017 and a penalty of Rs...

Pondy Oxides & Chemicals Limited Announces Demise of Chairman Anil Kumar Bansal Pondy Oxides & Chemicals Limited announced the passing of Mr. Anil Kumar Bansal, Promoter, Chairman, and Whole-time Director, on April 1, 2026. The company expressed deep sympathy and sorrow to his family and emphasized the significant loss his passing represents to the company and its employees.Directors acknowledged Mr. Bansal’s dedication and legacy, stating his values and guidance will continue to inspire the company. He was described as an integral part and pillar of strength for Pondy Oxides & Chemicals Limited.Details regarding the change in directorship, as required by regulatory guidelines, are summarized below:DetailInformationNameMr...

Hemant Surgical Industries Ltd. Enters into C-ARM Development and Supply Agreement with GBT Korea Co., Ltd. Hemant Surgical Industries Ltd. announced on April 2, 2026, that it has entered into a C-ARM Development and Supply Agreement with GBT Korea Co., Ltd., based in the Republic of Korea.The agreement aims to collaborate with GBT Korea’s technological expertise to develop and localize x-ray generators, electronic control systems, and c-arm imaging devices. These devices utilize fluoroscopy x-ray technology to provide real-time, high-resolution imaging during surgical orthopaedic, trauma, and cardiovascular procedures.The size of the agreement cannot be disclosed due to confidentiality obligations. Neither party holds any...

United Breweries Ltd. Receives Order Regarding Tax Litigation United Breweries Ltd. has received an order from the Deputy Commissioner of State Tax, Maharashtra State VAT Department. The order, dated March 30, 2026, and received April 1, 2026, concerns the non-submission of declaration forms in C & F for a concessional rate of tax.The demand issued under Section 9(2) of the Central Sales Tax Act 1956 totals ₹ 22,50,12,884, encompassing ₹ 9,65,72,053 in additional tax, ₹ 10,42,97,818 in interest, and ₹ 2,41,43,013 in penalty, all pertaining to the fiscal year 2021-22.The company is currently evaluating its course of action and anticipates defending the matter before the appellate authority. United Breweries Ltd. does not expect a...

GSM Foils Limited Reports Sales Growth of 70.69% in March 2026 GSM Foils Limited announced sales of Rs. 290,429,595 for March 2026, a 70.69% increase compared to Rs. 170,145,853 in March 2025. The company’s total sales for the period of April-March 2026 reached Rs. 2,587,612,438.ParticularsMarch 2026March 2025YoY Growth (%)April-March2026Net SalesRs.290,429,595/-Rs.170,145,853/-70.69%2,587,612,438/-Sagar Bhanushali, Whole Time Director, confirmed the figures.Source:

RateGain Partners with Razorpay to Enhance Checkout Experiences for Global Travel Brands India, April 2, 2026 – RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the travel and hospitality industry, announced a strategic partnership with Razorpay, India's omnichannel payments platform, as a Platinum Partner for RG Pay. The collaboration aims to improve payment outcomes and enhance checkout experiences for global travel brands.Through this partnership, RG Pay will integrate Razorpay’s payment gateway and processing capabilities to enable travel brands to offer locally preferred payment options, including UPI, cards, net banking, and EMI. This is intended to reduce friction during...

Garware Technical Fibres Ltd. Reaffirms Credit Ratings Garware Technical Fibres Limited (GTFL) announced that ICRA Limited has reaffirmed the credit ratings for the company's facilities. The long-term rating remains [ICRNAA+], with a stable outlook, while the short-term rating is [ICRA]A1+.The reaffirmed ratings pertain to a total of 400 Crore Rupees in Line of Credit Working Capital Facilities.According to ICRA, the rating(s) will be subject to surveillance within one year and ICRA reserves the right to review and revise the ratings based on new information or circumstances impacting the company.The reaffirmation reflects ICRA’s assessment of the company's creditworthiness. The ratings are specific to the terms and conditions of...

Promax Power Ltd. Responds to Share Price Movement Inquiry Promax Power Limited addressed inquiries regarding recent movements in its share price on April 2, 2026. The response follows a request for clarification from the BSE Limited on April 1, 2026.The company stated that all material information and price-sensitive data impacting its operations and performance have been disclosed within the mandated timeframe, as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Promax Power Limited confirmed that there are no pending announcements that would influence the share price.According to the company, the share price fluctuation is attributable to prevailing market conditions and...

Capillary Technologies Appoints Sumit Kumar as President of the Middle East, Africa & India Dubai, UAE & South Africa – April XX, 2026 – Capillary Technologies, a global leader in loyalty technology solutions, has appointed Sumit Kumar as President of the Middle East, Africa & India. The appointment reinforces Capillary's commitment to driving growth and strengthening client relationships in a strategic market.Sumit brings over 28 years of experience in enterprise sales and customer success, previously holding leadership roles at Marks & Spencer, Bata, Landmark Group, Al-Futtaim, and The Clermont Group. He has also served as a Director and Board Member at Hoan My Medical Corporation.Based in Dubai, Sumit will lead Capillary’s sales...

Manali Petrochemicals Limited Wins CESTAT Appeal, Secures ₹3.83 Crore Customs Duty Refund Manali Petrochemicals Limited announced on April 2, 2026, that it has received a Final Order from the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowing an appeal filed by the company. This decision overturns an earlier order from the Adjudicating Authority, DRI, Mumbai, from July 2019, which had confirmed a customs duty demand of ₹3.83 crore, plus interest, related to the import of Quicklime.The dispute centered around the classification of the imported Quicklime under the Customs Tariff Item (CTI). The Adjudicating Authority had classified the product under CTI 2825 9090, while Manali Petrochemicals declared it under CTI 2522...

Baazar Style Retail Limited Reports Robust FY26 Performance Kolkata, April 2, 2026: Baazar Style Retail Limited (BSRL), a leading value fashion retailer in Eastern India, announced its business update for the Fourth Quarter and Financial Year ended March 31, 2026.The company reported highest-ever standalone revenue from operations in FY26, registering a year-over-year (YoY) growth of 37% to Rs 18,421 million, exceeding its guidance. Standalone revenue from operations increased 35% YoY to Rs 4,662 million in Q4FY26.Key performance metrics are detailed below:Key Performance MetricsQ4FY26Q4FY25YoY%FY26FY25YoY%Revenue from Operations Standalone (Rs Mn)4662345335%184211343537%Sales Per Square Feet (Rs/Month)6986793%7317211%...

Coforge and Solstice Innovations Partner to Redefine P&C Insurance Modernization Through Agentic AI Greater Noida, India / Princeton, NJ, USA - April 2, 2026 - Coforge, a global AI-native engineering services leader, announced a strategic partnership with Solstice Innovations, Inc. to accelerate agentic AI-led adoption of modern core insurance technology for P&C insurers.Under the agreement, Coforge will establish a dedicated Center of Excellence (CoE) powered by its Forge-X AI platform, enabling faster, more intelligent client onboarding, system integration, migration, quality engineering, and business process transformation for Solstice and its customers.The partnership brings together AI-native capabilities that will redefine P&C...

Bhaskar Bhattacharya Resigns as Independent Director of Power Finance Corporation Ltd. Power Finance Corporation Ltd. (PFC) announced the resignation of Bhaskar Bhattacharya from his position as an Independent Director, effective April 1, 2026. Bhattacharya’s resignation was communicated via email and stems from his candidacy in the upcoming West Bengal Assembly election, aiming to avoid any potential conflict of interest.Bhattacharya, whose DIN is 09406292, was initially appointed as a part-time Non-Official Director in May 2025 for a one-year term or until further orders. He confirmed that there were no other reasons for his resignation beyond his political aspirations.In a communication to the Chairman and Managing Director...

Bharti Airtel Reaches 650-Million Customer Milestone, Ranked Second Globally New Delhi, April 2, 2026 - Bharti Airtel, a leading telecommunications service provider and the world’s second largest telecom operator by customer base, has achieved a milestone of 650 million customers. According to GSMA Intelligence, Bharti Airtel holds the second position globally in mobile customer base, with operations spanning India and Africa.Executive Vice Chairman, Gopal Vittal, stated that the company is committed to serving customers and investing in technology to provide connectivity and a safe network.Airtel's global ranking is supported by its operations in India and Africa, alongside a growing portfolio of digital services and infrastructure...

GE Power India Limited Receives Observations from BSE and NSE Regarding Scheme of Arrangement GE Power India Limited has received observation letters from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) regarding the proposed Scheme of Arrangement between GE Power India Limited (the Demerged Company) and JSW Energy Limited (the Resulting Company). The observations were received on April 1, 2026.The BSE provided an observation letter with "No Adverse Observations," while the NSE issued a letter with "No Objection." These observations pertain to the scheme, which is being pursued under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.The Scheme remains subject to...

Steel Authority of India Ltd. Announces Leadership Changes New Delhi – Steel Authority of India Ltd. (SAIL) announced changes to its board leadership, effective April 1, 2026. Shri Amarendu Prakash, Chairman and Managing Director, resigned from his position, as previously communicated in a letter dated January 2, 2026, to the Ministry of Steel, Government of India. The resignation was approved, and he has ceased to be a member of the SAIL Board.Krishna Kumar Singh, Director (Personnel), has been given the additional charge of the post of Chairman and Managing Director for a period of three months, from April 2, 2026, to July 1, 2026, or until a regular incumbent is appointed, whichever occurs first.Details of Leadership Change...

LatentView Analytics Invests $3M in Healtheon AI Chennai, April 2, 2026 – LatentView Analytics (BSE: 543398, NSE: LATENTVIEW), an AI-driven analytics, data engineering, and consulting firm, has completed a $3 million investment in Healtheon AI, a company focused on Agentic AI solutions for healthcare Revenue Cycle Management (RCM)."This investment is a strategic step forward in line with our AI vision of prioritizing advanced technology and proven expertise to deliver maximum value to our clients," said Rajan Sethuraman, CEO of LatentView Analytics. The investment will allow LatentView to become a preferred partner for Healtheon AI's customers.Nick van Terheyden, MD and CEO of Healtheon AI, expressed excitement about the...

Inventurus Knowledge Solutions Limited Completes Investment in Subsidiary Inventurus Knowledge Solutions Limited announced the completion of a second tranche investment in its wholly-owned subsidiary, Inventurus Knowledge Solutions, Inc. ('IKS Inc.'), on April 2, 2026. This follows prior disclosures made on March 13, 2026, and March 27, 2026, regarding the board’s approval for the additional investment.The company acquired 32,635 shares of IKS Inc. in this second tranche, representing a total investment of USD 20,990,505. This completes the investment event previously announced on March 13, 2026.Source:

Mercury Ev-Tech Ltd. Responds to Share Price Movement Inquiry Mercury Ev-Tech Ltd. (NSE: 531357) confirmed that it is unaware of any specific information that would account for recent share price fluctuations. The company responded to a request for clarification from the BSE Limited regarding the recent movement in the share price.According to the company, the price movement is attributed to prevailing market conditions and is not linked to any impending announcements or management actions. Mercury Ev-Tech Ltd. stated that its management is not connected to the share price movement.The company emphasized its commitment to corporate governance and stated it regularly disseminates price-sensitive information in accordance with SEBI...