Markets

GE Shipping Acquires Secondhand Medium Range Tanker The Great Eastern Shipping Company Limited (GE Shipping) announced on April 1, 2026, that it has contracted to purchase a secondhand Medium Range Tanker. The vessel, built in 2014, has a deadweight tonnage (dwt) of approximately 49,420. It is slated to join GE Shipping’s fleet in the first quarter of fiscal year 2027.The acquisition will be financed entirely through internal accruals and is aimed at expanding the company's fleet.GE Shipping's current owned fleet consists of 40 vessels, comprised of 26 tankers and 14 dry bulk carriers, totaling 3.20 million dwt. The company's current capacity utilization is near 100%.In addition to the tanker acquisition, GE Shipping has also...

HCLTech Unveils AI Force 2.0 to Deliver Enterprise-Grade Agentic AI NEW YORK and NOIDA, India, April 01, 2026 – HCLTech, a global technology company, today announced the launch of AI Force 2.0, the next evolution of its proprietary enterprise AI platform.The updated platform integrates agentic intelligence with generative AI to accelerate and augment workflows across software and data engineering, IT operations, and enterprise business processes. AI Force 2.0 is designed to improve decision-making and business process efficiency while ensuring strong governance, security, and measurable return on investment.AI Force 2.0 operates as a model-agnostic, modular platform unifying engineering, operations, and applications within a single...

Ashok Leyland Reports Sales Growth in March 2026 Ashok Leyland Ltd. announced sales figures for March 2026, demonstrating growth across several categories. Total vehicle sales for the month reached 23,743 units domestically and 25,381 units including exports, reflecting a 5% increase compared to March 2025.The company’s cumulative sales for March 2026 totaled 2,02,355 units domestically and 2,20,437 units including exports, a 13% increase year-over-year.Domestic Sales Performance (March 2026)Sales (Units)M&HCV TrucksM&HCV BusTotal M&HCVLCVTotal VehiclesMarch 202614,1382,10016,2387,50523,743March 202512,8823,20016,0826,42822,510Increase/Decrease (%)10%(34%)1%17%5%Cumulative March...

Godawari Power and Ispat Limited Reports Record Production in FY26 Godawari Power and Ispat Limited announced record production volumes across all divisions for the financial year 2025-26. The company achieved its highest ever output in iron ore mining and value-added steel products.According to company data, Iron Ore Pellets/Sponge Iron (DRI) production reached 27.49 lakh metric tons, compared to 24.49 lakh metric tons in the previous fiscal year. Steel Billets production totaled 4.77 lakh metric tons, while Wire Rods production reached 2.31 lakh metric tons. HB Wires production was recorded at 1.01 lakh metric tons. Generation of power reached 86.58 crore KWH, an increase from 83.45 crore KWH in the prior year.A summary of the...

Shraddha Prime Projects Ltd. Appoints Adfactors PR as Investor Relations Agency Shraddha Prime Projects Ltd. (formerly Towa Sokki Limited) announced the appointment of Adfactors PR Private Limited as its Investor Relations Agency, effective April 1, 2026. Adfactors PR (CIN: U74140MH1997PTC110210) will assist the company in strengthening investor engagement and enhancing brand visibility.The strategic communications firm will manage the company's external Capital Market communications and Investor positioning. This partnership aims to support stakeholder communications and align with Shraddha Prime Projects Ltd.'s business objectives.Sudhir Balu Mehta, Managing Director (DIN: 02215452) of Shraddha Prime Projects Limited, highlighted...

Magellanic Cloud Ltd. Receives INR 7.88 Crore Order from Indian Railways Magellanic Cloud Ltd. announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Vijayawada Division (Indian Railways). The LOA pertains to the execution of signaling and telecommunication (S&T) arrangements for the provision of CCTV cameras at Goods Sheds across multiple railway stations under the Vijayawada Division.The total contract value is approximately INR 7.88 Crore, and the project is slated for completion within 365 days, adhering to Indian Railways General Conditions of Contract and tender conditions. The order aligns with the company’s normal course of business...

Marushika Technology Limited Receives Purchase Order from Trisatya Equipments India Private Limited Marushika Technology Limited (formerly Marushika Technology Advisors Ltd. and Marushika Technology Advisors Pvt. Ltd.) announced it has received a purchase order from Trisatya Equipments India Private Limited. The order, valued at ₹ 354.64 Lacs, is for the refurbishment of ZIL Lorries and is expected to be executed by March 26, 2027.According to the company, none of the promoters have an interest in Trisatya Equipments India Private Limited, and the transaction does not constitute a related party transaction.Details of the Purchase Order:S. No.ParticularsDetails1Entity Awarding OrderTrisatya Equipments India Private Limited...

Tech Mahindra Announces Merger of Two Step-Down Subsidiaries Tech Mahindra Ltd. announced on April 1, 2026, the approval of a plan to merge Tech Mahindra Costa Rica Sociedad Anonima with Allyis Technology Solutions Sociedad de Responsabilidad Limitada. Both entities are wholly owned step-down subsidiaries of Tech Mahindra.The merger, effective April 1, 2026, is subject to regulatory approvals in Costa Rica. Upon completion, Tech Mahindra Costa Rica Sociedad Anonima will cease to be a wholly owned subsidiary of Allyis Technology Solutions Sociedad de Responsabilidad Limitada, and subsequently a wholly owned step-down subsidiary of Tech Mahindra.The rationale for the consolidation is to reduce the number of entities within the group...

CSL Finance Limited Reports 21.13% Growth in AUM for Fiscal Year 2026 CSL Finance Limited announced a year-over-year growth of 21.13% in Assets under Management (AUM), reaching approximately INR 1450 crore as of March 26. This figure includes a disbursement allocation of INR 50 crore, compared to INR 1197 crore (including INR 39 crore in disbursement allocation) for the fiscal year ended March 25.During the year, the company disbursed a total of INR 135 crore in Small and Medium Enterprises (SME) and INR 1115 crore in Wholesale Lending (WSL), with collections totaling INR 93 crore in SME and INR 905 crore in WSL. Loans disbursed during the most recent quarter reached INR 300 crore, accompanied by collections of INR 352 crore...

Saharsh Davuluri Appointed CEO & MD of Neuland Laboratories to Lead CDMO Expansion Hyderabad, India, April 1, 2026 – Neuland Laboratories [NLL] (NSE: NEULANDLAB; BSE:524558), a global contract development and manufacturing organization (CDMO) specializing in complex APIs, announced a leadership change today. Saharsh Davuluri has assumed the role of Chief Executive Officer and Managing Director, effective immediately, as the company enters its next phase of CDMO growth.Saharsh Davuluri, who has been with the company for over 18 years, will focus on positioning Neuland as a leading global API process development and commercial manufacturing specialist. The company has tripled its contract services revenues during the last 3 years...

Tata Motors Passenger Vehicles Ltd. Reports Strong Q4 FY26 Sales Tata Motors Passenger Vehicles Ltd. (formerly Tata Motors Limited) announced total sales of 201,368 units in Q4 FY26, compared to 146,999 units in Q4 FY25, marking a 37% year-over-year growth. The company’s domestic and international sales for the quarter stood at 201,368 units.Sales Performance Overview The following table details the sales performance across various segments:SegmentsMar'26Mar'25GrowthQ4 FY26Q4 FY25GrowthFY26FY25GrowthPV Domestic66,19251,61628%198,743146,12736%631,387553,58514%PV IB779256204%2,625872201%10,2002,678281%PV Total (incl. EV)66,97151,87229%201,368146,99937%641,587556,26315%EV IB +...

Kirloskar Pneumatic Company Limited Announces Leadership Transition Pune, April 1, 2026: Kirloskar Pneumatic Company Ltd (KPCL) (BSE: 505283, NSE: KIRLPNU) announced a leadership transition today, with Mr. Aman Kirloskar assuming the role of Managing Director, effective April 1, 2026. Mr. Srinivasan concluded his tenure as Managing Director on March 31, 2026.Mr. Aman Kirloskar’s appointment follows endorsement from shareholders through a recent postal ballot. He brings experience from within the Kirloskar Group, previously holding leadership roles in operations, supply chain, and business strategy. During his prior involvement with KPCL, the company achieved record revenues and expanded key product lines.Rahul Kirloskar, Chairman of...

String Metaverse Ltd. Sets Record Date for Share Split String Metaverse Ltd. (formerly known as Bio Green Papers Limited) has announced a record date of Friday, April 24, 2026, for shareholders to determine eligibility for a corporate action. The action involves a sub-division or split of the company’s equity shares.The company will sub-divide one equity share with a face value of ₹10 each into ten equity shares with a face value of ₹1 each, all fully paid-up. This corporate action was previously approved by shareholders via a Postal Ballot held on March 22, 2026.M. Chowda Reddy, Company Secretary & Compliance Officer, disclosed the information.Source:

Bharat Coking Coal Limited Reports Provisional Monthly Production Figures for March 2026 Bharat Coking Coal Limited (BCCL) announced its provisional monthly production performance for March 2026 and the period spanning April 2025 to March 2026.Raw coal production for March 2026 totaled 4.42 million tonnes, a 2.0% increase compared to 4.33 million tonnes produced in March 2025. Overall, raw coal production for the period of April 2025 to March 2026 reached 35.52 million tonnes, a 12.3% decrease compared to 40.50 million tonnes during the same period in the prior year.A breakdown of raw coal production by type reveals the following:Raw Coal Production BreakdownParticularsUnitMar'26 (Month)Mar'26 (Month)%GrowthApr'25 to Mar'26...

Syrma SGS Technology Limited Announces INR 1,595 Crore Investment in Andhra Pradesh Syrma SGS Technology Limited announced on April 1, 2026, that it will invest approximately INR 1,595 crore to establish manufacturing and research and development (R&D) facilities in Andhra Pradesh. The development, initially communicated to exchanges on September 10, 2025, and updated on December 1, 2025, involves a joint venture with Shinhyup Electronics Co. Ltd. of South Korea.The Government of Andhra Pradesh has approved the allotment of 26.70 acres of land in Menakuru Village, Naidupeta, to APIIC for establishing a manufacturing and R&D facility for single, multi-layer, HDI, and Flex printed circuit boards, a Copper Clad Laminate manufacturing...

Expleo Solutions Limited Receives Order from CGST Commissionerate Chennai, April 1, 2026—Expleo Solutions Limited announced today that it received an order from the Assistant Commissioner of CGST, East Division 8, GST East Commissionerate, Bengaluru.According to the order dated March 31, 2026, the company is facing a demand of Rs. 6,31,858 for Input Service Tax (ITC), comprised entirely of IGST. The ITC pertains to invoices that were not reflected in the GSTR-2A for the relevant period and has been deemed ineligible. This demand is accompanied by an equivalent penalty of Rs. 6,31,858, bringing the total amount to Rs. 1,263,716.The details of the order are outlined below:Sl. No.ParticularsDetails1NameoftheauthorityAssistant...

SG Finserve Limited Reports INR 3,934 Crores Loan Book in Q4-FY26 Delhi, April 1, 2026 – SG Finserve Limited (SGFL) announced a Loan Book of approximately INR 3,934 Crores as of March 31, 2026, marking a period of strong business momentum.The company reported significant growth in its loan portfolio. Year-on-year, the Loan Book grew by approximately 75% from March 31, 2025, to March 31, 2026. Quarter-on-quarter growth reached approximately 23% from December 31, 2025, to March 31, 2026.SG Finserve Limited is a Supply Chain focused, RBI registered Non-Banking Finance Company (NBFC) offering inclusive business financing solutions. The company leverages technology and a distribution network to provide tailored financing solutions to...

Modern Shares & Stockbrokers Ltd. Not Required to Disclose Related Party Transactions Modern Shares & Stockbrokers Ltd. announced today, April 1, 2026, that it is not required to submit a disclosure of related party transactions for the year ended March 31, 2026. This determination stems from the company’s equity share capital and net worth falling below specified regulatory thresholds.As of March 31, 2025, Modern Shares & Stockbrokers Ltd.’s paid-up equity share capital totaled Rs. 2,93,11,250 (Rupees Two Crores Ninety Three Lakhs Eleven Thousand Two Hundred and Fifty). The company’s net worth was Rs. 12,02,93,895 (Rupees Twelve crores two lakhs ninety three thousand eight hundred and ninety five only).Due to these figures being...

Tata Motors Delivers Strong Sales with 1,32,465 Units in Q4 FY26; Sustains Robust 25% Year-on-Year Growth Mumbai, 1 April, 2026: Tata Motors Ltd. announced total sales of 1,32,465 units in Q4 FY26, marking a 25% year-on-year (YoY) growth compared to 1,05,643 units during Q4 FY25. March 2026 sales reached 47,976 units, up from 41,122 units in March 2025.The company's Q4 FY26 sales included 1,25,562 units for commercial vehicles, a 26% YoY increase. For the full year (FY26), sales volumes grew by 14% from 3,76,903 to 4,28,329 YoY.Sales Performance BreakdownCategoryMarch '26March '25% ChangeQ4 FY26Q4 FY25% ChangeFY26FY25% ChangeHCV Trucks14,61412,85614%40,86431,73829%1,20,0561,06,46213%ILMCV...

APL Apollo Tubes Limited Announces Record Sales Volume in Q4 FY26 Noida, April 1, 2026: APL Apollo Tubes Limited, a leading manufacturer of structural steel tubes, announced its highest ever sales volume for the fourth quarter of fiscal year 2026. The company reported a sales volume of 924,881 tons in Q4 FY26, a 9% increase compared to 850,447 tons in Q4 FY25. For the entire fiscal year 2026, APL Apollo reported sales volume of 3,491,243 tons, representing an 11% year-over-year increase.The sales summary for APL Apollo's building material product range is detailed below:Product Category (Ton)ApplicationQ4FY26Q3FY26Q4FY25FY26FY25Apollo StructuralHeavy*84,39581,22881,583314,975293,676Apollo...