Markets

Canara Bank Extends Additional Charge for MD & CEO Role to Hardeep Singh Ahluwalia The Department of Financial Services, Ministry of Finance, Government of India, issued a notification on April 09, 2026, extending the Additional Charge for the position of Managing Director and Chief Executive Officer (MD&CEO) at Canara Bank. The extension was assigned to Shri Hardeep Singh Ahluwalia, Executive Director, Canara Bank.The additional charge period extends for three months beyond March 31, 2026, meaning the tenure is set up to June 30, 2026. This appointment remains effective until a regular incumbent is appointed to the post of MD & CEO, Canara Bank, or until further orders, whichever occurs earlier.Key details regarding the extension...

Seamec Ltd Takes Vessel 'SEAMEC AGASTYA' Out of Service for Technical Reasons Seamec Ltd announced on April 9, 2026, that its vessel, 'SEAMEC AGASTYA', has been temporarily taken out of service due to technical reasons.The company reported that the vessel was taken out of field effective from 08:30 hrs on April 9, 2026.The company stated that an update will be provided upon the redressal of the technical defect affecting the vessel.The reporting details for the listed entities are as follows:ExchangeScrip CodeSymbolBSE Limited526807N/ANational Stock Exchange of India LimitedN/ASEAMECLTDThe vessel 'SEAMEC AGASTYA' is associated with Seamec Ltd, which is a member of the International Marine Contractors Association...

Oil Country Tubular Ltd Avails Term Loan Facility of Rs. 6.82 Crores Oil Country Tubular Limited confirmed that its Board of Directors conducted a meeting on April 09, 2026, during which it approved a Term Loan Agreement. The financing facility is being availed from Cosmos Co-Operative Bank Ltd.The transaction involved approving the Term Loan Agreement dated April 9, 2026, for an amount totaling Rs. 6.82 Crores (Rupees Six Crores Eighty-Two Lakhs Only).According to the details of the agreement, the primary purpose of the secured term loan is the Purchase of New Machinery/Equipment.The financial details of the loan agreement are summarized below:ParticularsDetailsLenderCosmos Co-Operative Bank LimitedNature of LoanSecured...

Carraro India Limited Receives Final Assessment Order and Notice of Demand from Income Tax Department Carraro India Limited confirmed the receipt of a Final Assessment Order and Notice of Demand from the faceless assessment unit of the income-tax department. The order was received on 08th April, 2026. The Company noted that the amount of contention, as opposed to the amount content in the previous Show-Cause Notice, has been settled downwards by the Income-tax department.The details of the Final Assessment Order and Notice of Demand are noted in an annexure provided by the Company.According to the details provided, the Final Assessment Order and Notice of Demand, dated 08th April, 2026, was issued by the faceless assessment unit of...

Dilip Buildcon Declared L-1 Bidder for Rs 268 Crore Gujarat Barrage Project Dilip Buildcon Limited through its Joint Venture, DBL-RBL, has been declared the L-1 bidder for a major infrastructure project. The bid pertains to the 'Designing and Construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between Hirpura barrage & Lakroda weir' on an Engineering, Procurement and Construction (EPC) mode basis.The tender was floated by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.The scope of work involves the EPC work for the Designing and Construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between Hirpura barrage &...

Ruchira Papers Ltd Board Approves Key Director Appointments and Designations The Board of Directors of Ruchira Papers Ltd, at a meeting held on April 9, 2026, approved several key appointments and designation changes, according to the company's reports.The board's decisions included appointing Sh. Jatinder Singh as Managing Director of the Company. This appointment changes his designation from Whole-Time Director and is effective from April 9, 2026. His tenure for this role is for the remaining period up to August 31, 2030, pending shareholder approval. Sh. Jatinder Singh's profile notes his profound understanding of the paper industry and his expertise in overseeing Finance, Administration, and Raw Material Procurement...

Bondada Engineering Ltd Commissions 48.2 MWp Solar Projects in March 2026 Bondada Engineering Limited announced the successful commissioning of solar power projects aggregating to 48.2 MWp during March 2026. These executed projects were delivered for notable clients, including Paradigm IT and MAHAGENCO, across various locations within Maharashtra.The recent commissioning marks a significant operational development for the engineering company. With this addition, Bondada Engineering Ltd has achieved approximately 500 MWp of project execution during the financial year 2025 - 26. This brings the company's cumulative executed capacity to around 1.3 GWp.The successful delivery highlights the company's execution capabilities, technical...

Capri Global Capital Announces Tranche I Public Issue of Secured Non-Convertible Debentures Capri Global Capital Limited has announced the Tranche I public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) aggregating up to ₹5,000 million. The offering comprises a base issue size of ₹1,000 million, supplemented by a green shoe option of ₹4,000 million, designated as the 'Tranche I Issue'.The NCD issue is structured with an offer coupon rate of up to 9.50% per annum. The credit ratings supporting the issue are 'IVR AA/Positive' by Infomerics Valuation and Rating Limited and 'ACUITE AA | Stable' by Acuité Ratings & Research Limited. Investors have options for multiple tenures, including 24 months, 36 months...

Persistent Systems Launches Merchant Risk Management Solution Powered by Databricks AI Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, has launched its Merchant Risk Management and Fraud Detection solution, which is powered by the Databricks Data Intelligence platform. The solution aims to assist financial institutions in reducing fraud losses, improving detection accuracy, and lowering manual review efforts through real-time, intelligence-driven decision-making.As digital payments expand, financial institutions, payment service providers, digital platforms, and their end customers are facing escalating fraud, regulatory scrutiny, and reputational risk. The solution addresses the limitations of...

Anand Rathi Wealth Ltd Approves Bonus Shares, Final Dividend, and Capital Increase Anand Rathi Wealth Ltd, during its Board of Directors meeting held on April 09, 2026, took several key corporate actions, including approving a final dividend, increasing its authorized share capital, and recommending a bonus issue for its shareholders.The Board reviewed the audited financial results for the fourth quarter and the financial year ended March 31, 2026. During the meeting, the directors noted the Independent Auditor's Report concerning the audited financial results (standalone and consolidated) for the year ended March 31, 2026.Key resolutions passed or taken on record by the Board include:Final Dividend Declaration: The Board proposed...

Veedol Corporation Limited Reports Resignation of Head - HR, Admin & CSR Veedol Corporation Limited has confirmed the resignation of Dr. Manish Khodaskar from the role of Head - HR, Admin & CSR.The company confirmed receipt of the resignation letter from Dr. Manish Khodaskar, formerly serving as Head - HR, Admin & CSR. In the resignation submission, Dr. Khodaskar indicated that his departure was due to personal reasons and requested to be relieved on the last working day, specified as April 30, 2026.The company, which was formerly known as Tide Water Oil Co. (India) Limited, issued this confirmation following earlier disclosures made by the company on March 10, 2026.For operational reference, Veedol Corporation Limited's corporate...

Escorts Kubota Limited To Launch New Tractor Series Via Powertrac Escorts Kubota Limited has announced plans to introduce a new tractor series through its subsidiary, Powertrac, in the near future. The company stated the intention to launch the new tractor line shortly.ESCORTS Stock Price Movement Shares of Escorts Kubota Limited are edging higher to ₹3158.5 as of 12:14 PM today, climbing 3.24% in live trading. The stock sustained momentum on a volume of 58,882 shares, indicating strong intraday buying interest.Source:

Maiden Forgings Reports Record Production and New Plant Completion for FY 2025-26 Maiden Forgings Limited achieved its highest-ever production in the financial year 2025-26, reporting a total output of 35,546 MT. This figure marks a growth of over 11.5% compared to the preceding year.The company's revenue for FY 2025-26 surpassed Rs. 233 crores, reflecting a year-on-year growth of more than 9.5%.Maiden Forgings Limited also reported notable progress in the B2G segment during the financial year. The company secured registrations with several prominent government organizations. These included:Ordnance Factory, Murad Nagar Terminal Ballistics Research Laboratory (TBRL), DRDO Centre for Military Airworthiness & Certification...

JOJO Ltd Launches "JOJO TV" via Strategic Partnership with LG Electronics India JOJO Ltd has formed a strategic partnership with LG Electronics India Limited, integrating its branded channel, "JOJO TV", onto the LG Channels platform. The launch marks a significant expansion of JOJO's content distribution reach beyond app-based streaming.The dedicated "JOJO TV" channel is now accessible on LG Smart TVs at Channel No. 379. Through this collaboration, the content is natively embedded within LG's connected TV ecosystem. This accessibility benefits a broad base of LG Smart TV users across multiple geographies and requires no subscription for viewing.For JOJO Limited, which operates the world's largest only Gujarati OTT platform, this...

Srinibas Pradhan Constructions Secures A Class PWD Contractor Registration in Odisha Srinibas Pradhan Constructions Limited, formerly Srinibas Pradhan Constructions Pvt. Ltd., has secured a P.W.D. Contractors Registration Certificate under 'A Class' from the Engineer -In Chief (Civil), Works Department, Bhubaneswar, Odisha. The Company received the registration certificate on April 09, 2026, after the issuance on April 08, 2026.The newly acquired certificate, bearing Registration Number 658NA265, is valid up to March 31, 2028.This A Class registration is significant as it enables the Company to participate in tenders reserved for A Class Contractors and undertake infrastructure projects under the Odisha PWD. This development is...

Phantom Digital Effects Records ₹23 Crore in New Projects through Phantom Media Group Phantom Digital Effects Limited announced that its brand initiative, Phantom Media Group (PMG), has secured projects with an aggregate value of ₹23 Crore. This development is noted to strengthen the company's order book and reinforce its growth outlook across the VFX and digital content sectors in both domestic and global markets.The achievement signals strong business momentum for the company, which is anticipated to contribute positively to future growth and enhance revenue visibility for Phantom Digital Effects Limited.Understanding Phantom Media Group Phantom Media Group (PMG) is established as a global umbrella brand for Phantom Digital...

Steel Strips Wheels Ltd to Acquire Equity in EUPL for Renewable Power Capacity Steel Strips Wheels Ltd announced that its Board of Directors, during a meeting held on April 9, 2026, approved agreements to further acquire equity in Echanda Urja Private Limited (EUPL). This strategic move aims to secure additional renewable wind power for the company's Chennai plant under a Captive Consumption Scheme.The acquisition involves executing an "Amendment Agreement To Shareholders Agreement" with NuPower Renewables Private Limited (the holding company of EUPL) and Echanda Urja Private Limited (EUPL), alongside an "Amendment Agreement to Energy Sale Agreement" with EUPL. For this transaction, Steel Strips Wheels Ltd will acquire 37582 equity...

Infomerics Ratings Withdraw Bank Facility Ratings for Globe Civil Projects Ltd Infomerics Valuation and Ratings Private Limited confirmed the withdrawal of ratings assigned to the bank facilities of Globe Civil Projects Ltd (GCPL). The rating action was executed following the request of GCPL and with 'No Objection Certificates' received from lenders Canara Bank, ICICI Bank, and Kotak Mahindra Bank.The ratings were upgraded simultaneously with their withdrawal. The company's total rated facilities amount to Rs 110 crore, comprising Long Term Bank Facilities and Short Term Bank Facilities.A detailed breakdown of the facilities and their rating actions is provided below.Instrument FacilityAmount (Rs. crore)Current RatingsPrevious...

Accord Transformer & Switchgear Ltd Receives Order for Transformers Valued at Rs. 8.40 Crores Accord Transformer & Switchgear Ltd has secured a significant order from a leading Private Sector Firm. The contract involves the supply of Transformers for a project encompassing CMGrid Road Work and Goldfinch Amravati Sport City Lucknow.The company specified that the project is scheduled for completion within a tentative period of 12 Months.Key details regarding the received order are presented in the table below:ParticularsDetailsName of the entity awarding the order(s)/Contract(s)Leading Private Sector FirmNature of Order(s)/ Contract(s)Commercial Order for CSS Transformers for the project CMGrid Road Work and Goldfinch...

MBL Infrastructure Ltd Addresses Share Price Movement with Sectoral Factors MBL Infrastructure Ltd provided details regarding the recent price movement in its shares. The company noted that fluctuations in the scrip price and volume are primarily influenced by market conditions beyond the company's control.In addressing the price movement, MBL Infrastructure stated that the significant behaviour of the scrip may be attributable to several factors, including:A positive ceasefire in the US-Iran war. A general increase in share prices across all peer group companies within the infrastructure sector. The availability of huge opportunities in the core competency areas of the company. The impetus from the Government of India on the...