Markets

ICRA Assigns Credit Ratings for DriveSys Systems Subsidiary of ZF Steering Gear India Ltd ICRA Limited has assigned credit ratings to DriveSys Systems Private Limited, a wholly owned subsidiary of ZF Steering Gear India Ltd. The agency also assigned an outlook of 'Stable' for both fund and non-fund based facilities.The credit rating details provided by ICRA are as follows:Credit Rating AgencyRated InstrumentAmount (Rs. in crore)RatingRating actionICRA LimitedLong-term/Short-term- Fund-based/Non-fund based Limits58ICRA] BBB+(Stable)/ [ICRA]A2AssignedICRA LimitedLong-term-Fund- based-Term loan80[ICRA]BBB+(Stable)AssignedTOTALTOTAL138Details of Rated Instruments ICRA provided specific details regarding the instruments...

PC Jeweller Limited Reports Quarterly Performance, Progressing Towards Debt-Free Status PC Jeweller Limited, a leading brand in the jewellery industry specializing in studded jewellery, reported a robust quarterly performance for the quarter ended 31st March 2026. The company noted significant operational milestones, including an agreement with the Government of India and substantial debt reduction.The jewellery firm recorded standalone revenue growth of approximately 32% year over year for Q4 of the fiscal year 2026. Consistent performance across the quarters propelled the company to achieve an overall revenue growth of approximately 49% year over year for FY2026, signaling meaningful progress in its turnaround journey.Strategic...

Choice International Ltd Appoints Vimal Kumar Jain to Advisory Board Choice International Limited has announced the appointment of Mr. Vimal Kumar Jain as a member of its Advisory Board. Mr. Jain, who holds the designation FCA, brings over four decades of experience in the fields of debt and equity fund-raising, financial structuring, and strategic advisory.Mr. Jain is a senior partner at M/s. Arun K. Agarwal & Associates and has an established association with various reputed financial institutions and corporations, serving in roles such as strategic advisor and independent director.Throughout his extensive career, Mr. Jain has been deeply involved in capital structuring, mergers and acquisitions, and the execution of complex...

Kome-On Communication Ltd Appoints Managing Director, Changes Registered Office Kome-On Communication Ltd announced key corporate changes following its Board of Directors meeting held on April 6, 2026. During the meeting, the Board considered and approved the appointment of Mr. Abhishek Kyal as the Managing Director of the company.The appointment of Mr. Abhishek Kyal, who holds DIN: 08184639, was made based on a recommendation from the Nomination and Remuneration Committee, in line with Section 203 of the Companies Act, 2013. The appointment is subject to the approval of shareholders at the ensuing Annual General Meeting.The tenure for the appointment of Mr. Abhishek Kyal is set for 5 years, commencing on April 6, 2026, pending...

Bhandari Hosiery Exports Limited Revises Fund Utilization Plan Following Rights Issue Under-subscription Bhandari Hosiery Exports Limited reported a revision in the utilization of funds raised during a Rights Issue concluded in March 2026, following a Board of Directors meeting. The Board decided to adjust the originally planned deployment of funds due to the under-subscription of the rights issue, which stood at 48.44%.The Chairman explained that the delay in fund release relative to the March 31, 2026 deadline limited the Company's ability to deploy the funds as initially scheduled. Up to March 31, 2026, the funds were utilized to the extent of Rs. 678 Lakhs. This expenditure covered the repayment of dues to MSME and pressing...

Tata Motors Releases SIAM Report for Production and Sales Figures (January to March 2026) Tata Motors Ltd, formerly TML Commercial Vehicles Limited, released the quarterly report detailing production, domestic sales, and exports for the period of January to March 2026. The data comes from the Society of Indian Automobile Manufacturers (SIAM).The reported figures provide a comprehensive overview across various vehicle categories, including light commercial vehicles, buses, and heavy commercial vehicles.The following table summarizes the quarterly performance data for production, domestic sales, and exports for the period January to March 2026, alongside comparative data from January to March 2025.CategoryVehicle ModelJAN - MAR...

Bhartiya International Ltd Appoints Dr. G N Venkatesha Babu as Group Chief Executive Officer Bhartiya International Ltd announced the appointment of Dr. G N Venkatesha Babu as its Group Chief Executive Officer, effective from April 6, 2026. The appointment is for a term of full time employment.The details concerning the change in management, as reported, are as follows:Sl. No.ParticularsDetails1Reason for Change viz Appointment, Re-appointment, Resignation, Removal, death or otherwiseAppointment of Dr. G N Venkatesha Babu as Group Chief Executive Officer2Date of appointment & terms of appointmentWith effect from 6th April, 2026 Term-Full time employment3Brief ProfileDr. G NVenkatesha Babu brings over 30 years of...

Shipping Corporation of India Land and Assets Signs MOU with Synergy Marine Group for Maritime Collaboration Shipping Corporation of India Land and Assets Limited (SCILAL) formalized a Memorandum of Understanding (MOU) on April 6, 2026, with Synergy Marine Group, Singapore. The agreement outlines a collaboration aimed at enhancing the areas of maritime training, research, and knowledge exchange.The event, which marked the signing of the MOU, occurred on April 6, 2026, at 1530 hours IST.SCILAL, which operates as a Government of India Enterprise, announced the partnership details related to its operational focus on maritime sectors.SCILAL Stock Price Movement At the close of trade, shares of Shipping Corporation of India Land and...

Mumbai, April 6, 2026 (Monday) — Indian equity markets closed in positive territory on Monday, supported by easing crude oil prices and growing expectations of a near-term de-escalation in the Middle East conflict. However, the recovery lacked strong fundamental backing and was largely driven by short covering and selective buying at lower levels, according to Ponmudi R, CEO of Enrich Money.Markets opened on a muted note and traded range-bound in the first half before witnessing a gradual pickup in buying interest during the latter half of the session, helping benchmark indices end higher.Relief Rally Backed by Crude Pullback, Domestic Flows Ponmudi R, CEO of Enrich Money, said the market recovery was primarily a relief bounce...

Panorama Studios International Ltd Executes MoU for Gujarati Film's Theatrical Rights Panorama Studios International Ltd has entered into a Memorandum of Understanding (MoU) concerning the theatrical rights for the Gujarati language film titled "Vaanki Chuki Love Story."The agreement was executed with M/s Nitishali Productuons. This MoU covers the exploitation of theatrical rights across the entire pan India territory for the film.The film, "Vaanki Chuki Love Story," stars Bhavin Bhanushali, Parikshit Tamaliya, Puja Joshi, Miloni Jhonsa, and others. Dhwani Gautam is credited with the direction of the movie.Stock Price Movement At the close of trade on Monday, Panorama Studios International Ltd shares settled at ₹37.20, marking a...

Tata Motors Passenger Vehicles Reports Q1 2026 Production and Sales Data Tata Motors Passenger Vehicles Limited, formerly known as Tata Motors Limited, has released data pertaining to the production, domestic sales, and exports for the period of January to March 2026, according to the SIAM Report.The data provides a comparative overview of vehicle performance for the first quarter of 2026 versus the same period in 2025.Quarterly Production and Sales Data (January - March 2026) The operational data for the respective categories and vehicle models for January to March 2026 is presented in the table below.CategoryVehicle ModelProduction (Jan - Mar 2025)Production (Jan - Mar 2026)Domestic Sales (Jan - Mar 2025)Domestic Sales (Jan -...

Oasis Securities Ltd Announces Board Meeting on April 10, 2026 Oasis Securities Ltd announced that its Board of Directors meeting is scheduled for Friday, April 10, 2026, at 12:00 P.M. The meeting will address several key business items, including the proposed Issue of Equity Shares of the Company on a Rights issue basis.The company also provided an update regarding the trading window for dealing in its equity shares by insiders. Referring to previous announcements and the company's Code of Internal Procedures and Conduct for Prevention of Insider Trading in Securities, the trading window is reported to remain closed starting from April 1, 2026. This closure period will extend until 48 hours after the declaration and publication of...

CuraTeQ Biologics Announces Positive Top-Line Results for Omalizumab Biosimilar BP11 Phase 3 Study CuraTeQ Biologics Private Limited, a wholly owned subsidiary of Aurobindo Pharma Ltd and a biopharmaceutical company focusing on biosimilars, has announced positive top-line results from its Phase 3 study of BP11. BP11 is an investigational biosimilar to Xolair® (omalizumab).The study successfully met all primary endpoints, demonstrating high comparability to the reference product in patients diagnosed with chronic spontaneous urticaria (CSU) at the 300 mg dose.Trial Details and Efficacy Findings The Phase 3 trial was conducted involving 608 patients across approximately 80 sites spanning seven European countries and India. The primary...

B.R.Goyal Infrastructure Secures Work Order from Madhya Pradesh Road Development Corporation B.R.Goyal Infrastructure Limited has received a work order for constructing a Hockey and Athletic Stadium along with allied infrastructure works at Nanakheda, Ujjain, in Madhya Pradesh. The accepted contract value for this work order stands at Rs. 23,37,10,448/-.The contract was awarded by the Madhya Pradesh Road Development Corporation Limited (MPRDC). The work order details indicate that the construction scope involves establishing the Hockey and Athletic Stadium at the specified location within the state of Madhya Pradesh.Work Order Details The contract details reveal that MPRDC awarded the work order to B.R.Goyal Infrastructure Limited...

Indian Sucrose Ltd Bank Facilities Receive Reaffirmed Ratings from Informatics Valuation Indian Sucrose Ltd (ISL) received confirmation that Informatics Valuation and Rating Limited reaffirmed the ratings assigned to the company's bank facilities. The ratings were for both long term and short term facilities.The reaffirmed ratings cover a total amount of Rupees Two Hundred Crore only. For the long term bank facilities, the assigned rating is IVR BBB-/ with Stable Outlook, while the short term bank facilities hold a rating of IVRA3.A summary of the rated facilities and amounts is presented below:Instrument/ FacilitiesAmount (Rs. Crore)Rating AssignedRating ActionLong Term Bank Facilities180.59IVR BBB-/ with Stable OutlookRating...

LTIMindtree Ltd Board Meeting Scheduled for April 23, 2026 LTIMindtree Ltd has scheduled a Board meeting for Thursday, April 23, 2026. The meeting is set to consider and approve the audited standalone and consolidated financial results for the quarter and the full year ended March 31, 2026. The Board is also expected to take on record the Audit Report(s) from the Statutory Auditor pertaining to these results.During this meeting, the Board of Directors will also consider the proposal to recommend a final dividend on the equity shares for the financial year concluded on March 31, 2026, if any.Furthermore, the company will host an Earnings Conference Call on April 23, 2026, with details to be provided in due course.The trading window...

Vedanta Ltd Announces Postal Ballot for Appointment of Non-Executive Independent Director Vedanta Ltd has initiated a Postal Ballot to seek Member approval for the appointment of Mr. S.V. Murali Dhar Rao as a Non-Executive Independent Director. The proposal is set to be considered via a remote e-voting process.The resolution proposed for special consideration is to appoint Mr. S.V. Murali Dhar Rao (DIN: 11003912) as a Non-Executive Independent Director of the Company for a first term of one year. This term is stipulated to commence from April 01, 2026, and conclude on March 31, 2027.The Company’s Board of Directors appointed Mr. Upendra C. Shukla, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot...

Trustwave Securities Ltd Receives MCA Approval for Share Capital Reduction Scheme Trustwave Securities Ltd, formerly known as Sterling Guaranty & Finance Limited, confirmed on April 6, 2026, that it received approval from the Ministry of Corporate Affairs (MCA) regarding the scheme of reduction in its share capital.The approval follows the order dated March 19, 2026, which was issued by the Hon'ble NCLT approving the scheme of reduction in the company's share capital. The company confirmed that upon filing the order in e-form INC-28 with the Ministry of Corporate Affairs for registration, the MCA granted approval on April 6, 2026.The company's details are as follows:Company Name: Trustwave Securities Ltd Former Name: Sterling...

Sharika Enterprises Appoints Sanjay Verma as Chief Executive Officer Noida, April 6, 2026: Sharika Enterprises Limited has appointed Mr. Sanjay Verma as its Chief Executive Officer (CEO), effective April 1, 2026. This leadership transition occurs amidst accelerating investments by utilities across India into grid modernization, automation, and digital infrastructure to improve reliability and integrate renewable energy.Mr. Verma assumes the role of CEO while continuing his capacity as an Executive Director. The move positions Sharika Enterprises to strengthen its involvement in the evolving smart grid ecosystem.With over three decades of experience, Mr. Verma possesses expertise spanning power distribution, utility systems, and...

United Breweries Ltd Board Meeting Scheduled for May 5, 2026 United Breweries Ltd has announced that its Board of Directors meeting is scheduled for Tuesday, May 05, 2026.During this meeting, the board is slated to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2026. Additionally, the board will recommend a dividend on the equity shares of the Company, if any, for the financial year ended March 31, 2026.The company noted that the Trading Window for dealing in the securities of United Breweries Ltd will remain closed until Thursday, May 07, 2026.UBL Stock Price Movement At the close of trade, shares of United Breweries Limited are edging higher by...