Markets

REC Limited Appoints Rajesh Kumar as Director (Finance) REC Limited announced the appointment of Rajesh Kumar as Director (Finance), effective April 2, 2026. The appointment was conveyed by the Ministry of Power, Government of India, through Office Order No. F. No. 2746/ S!202S·REC DESK.Rajesh Kumar, previously Executive Director (Finance) at REC Limited, has been appointed for a period of five years or until further orders, whichever occurs first. His appointment supersedes the additional charge held by Jitendra Srivastava, the current Managing Director, who relinquished the role on April 2, 2026.Rajesh Kumar holds a Bachelor’s degree in Commerce from Shri Ram College of Commerce, Delhi University, and is a Chartered Accountant...

Rail Vikas Nigam Limited Receives LOA from South Central Railway for OHE Upgradation Project Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance (LOA) from South Central Railway for an Overhead Equipment (OHE) upgradation project. The project involves the design, supply, erection, testing, and commissioning of an OHE system upgrade from 1x25kV to 2x25kV AT Feeding System with feeder and earthing works.The work will be executed in the Ongole (OGL) to Gudur (GDR) section of the Vijayawada Division under South Central Railway, spanning a total length of 154 Route Kilometers (RKM) and 462 Track Kilometers (TKM). The project’s completion is slated for 24 months.The value of the contract is Rs 242,49,86,547.22, including...

Bizotic Commercial Ltd. Allots Equity Shares Following Conversion of Warrants Bizotic Commercial Ltd. announced the allotment of 2,64,000 fully paid-up Equity Shares following the conversion of an equal number of convertible warrants. The decision was made at a board meeting held on April 2, 2026.The warrants were converted from Bizotic Nexus Private Limited, a company categorized as belonging to the 'Promoter and Promoter Group.' This conversion represents a portion of a larger pool of 16,02,000 convertible warrants, with 13,38,000 warrants previously converted. Each share was issued at a price of Rs. 290.00, including a premium of Rs. 280.00.The company received Rs. 5,74,20,000 from the conversion, representing 75.00% of the issue...

HDFC Bank Board May Consider Debt Instrument Issuance Mumbai – April 2, 2026 – HDFC Bank Limited announced that its Board of Directors may consider the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds, and Long-Term Bonds during a meeting scheduled for April 18, 2026. The instruments are intended to finance infrastructure subsectors over the next twelve months via private placement. The Board’s consideration follows a previous intimation dated March 24, 2026, regarding the board meeting.Source:

AU Small Finance Bank Reaffirms Credit Ratings CRISIL Ratings has reaffirmed its 'Crisil AA+/Crisil AA/Stable/Crisil A1+' ratings on the outstanding debt instruments of AU Small Finance Bank Limited (AU SFB).The reaffirmation reflects AU SFB’s demonstrated ability to meet expectations around improvements in asset quality and earnings profile, and sustenance in the bank’s overall capitalization and deposit mobilization. The ratings are partially offset by a lower share of current and savings account deposits compared to peers.As of December 31, 2025, the bank’s networth stood at Rs 19,085 crore. The bank’s reported overall and tier 1 capital adequacy ratios (CAR) were 19% and 17.1%, respectively, as of December 31, 2025.The bank’s...

Krishna Institute of Medical Sciences Limited Enters Operations and Management Agreement with Avitis Super Speciality Hospitals Krishna Institute of Medical Sciences Limited (KIMS) announced that its wholly-owned subsidiary, KIMS Swastha Private Limited, has entered into definitive agreements with Avitis Super Speciality Hospitals Private Limited. The agreements, effective April 2, 2026, involve the operations and management of a hospital and sub-lease of land and building for a period of 20 years.The agreement includes an Operations and Management Agreement for a 210-bed facility in Palakkad, Kerala, and a Sub-Lease Deed for the land and hospital building. KIMS will have exclusive supervision and control over the hospital’s...

Zenith Drugs Limited Receives Order from Karnataka State Medical Supplies Corporation Zenith Drugs Limited announced it has been awarded a tender by the Karnataka State Medical Supplies Corporation Limited, a Government of Karnataka undertaking. The order reinforces the company's position in the institutional pharmaceutical supply segment.The contract involves the supply of Levocetirizine Hydrochloride Syrup 2.5 mg/5 ml (1 x 60 ml bottle). Zenith Drugs Limited will provide 39,91,561 bottles with an order value of approximately Rs. 2.90 Crore.According to company officials, the order was awarded in the normal course of business and does not constitute a related-party transaction. The company anticipates the order will strengthen...

3i Infotech Ltd. Secures Order for Platform Modernization from Medical Supplies Company 3i Infotech Ltd. announced on April 2, 2026, that its U.S.-based subsidiary, 3i Infotech Inc., has received an order from a leading medical supplies delivery services company for platform modernization and re-engineering. The order, awarded on April 1, 2026, involves a complete transformation of the client's applications into a scalable, cloud-native digital commerce ecosystem.The project will integrate the client's applications with its ERP system using a secure middleware layer and incorporate microservices-based architecture, AI-enabled search and chatbot capabilities, and database modernization. The solution aims to enhance user experience...

Chennai Petroleum Corporation Limited Appoints V.C. Asokan as Non-Executive Director Chennai Petroleum Corporation Limited (CPCL) announced the appointment of Shri V.C. Asokan as a Non-Executive Nominee Director to its board, effective April 2, 2026. Mr. Asokan represents Indian Oil Corporation Limited (IOCL), the holding company.Shri Asokan is currently an Executive Director at IOCL, overseeing the Tamil Nadu State office and Southern Region. He is not debarred from holding director positions by any regulatory order.According to details released, Shri Asokan holds a Master’s Degree in Business Management and brings over three decades of experience in the oil and gas sector. His expertise spans petroleum operations, industrial and...

Apollo Hospitals Enterprise Limited Announces New Hospital Project in Dwarka, New Delhi Apollo Hospitals Enterprise Limited announced on April 2, 2026, the establishment of a multi-specialty hospital in Dwarka, New Delhi. The project will be developed on a 9.33-acre land parcel leased from the Delhi Development Authority (DDA).The hospital project is slated for phased implementation. A Special Purpose Vehicle (SPV) will be incorporated for the execution and implementation of the project.Key details of the land lease agreement are outlined below:SI.No.ParticularsDescription1Name of the entity awarding the contractDelhi Development Authority (DDA)2Significant terms and conditions of order(s)/contract(s) awarded in brief• Land...

Prime Cable Industries Limited Receives ZED Bronze Certification Prime Cable Industries Limited announced it has received a ZED BRONZE Certificate under the MSME Sustainable (ZED) Certificate Scheme from the Ministry of Micro, Small & Medium Enterprises. The certification recognizes the company’s adherence to the requirements of the MSME Sustainable (ZED) Certificate Scheme.According to the certificate, issued April 2, 2026, the certification highlights Prime Cable Industries Limited's commitment to manufacturing electrical equipment while maintaining a Zero Defect Zero Effect policy.The certificate is valid for three years.Certificate Details:Company Name: Prime Cable Industries Limited Unit Address: Flat No:- 60...

Himadri Speciality Chemical Recognized as ‘India's Leading ESG Entity’ by Dun & Bradstreet Kolkata, India – April 2, 2026 – Himadri Speciality Chemical Limited has been recognized as “India's Leading ESG Entity” by Dun & Bradstreet in the report, “ESG Horizons: Now and Next 2026.”Dun & Bradstreet's annual ESG report identifies leading companies in India based on its ESG Intelligence Framework Rating, evaluating organizations across environmental, social, and governance parameters.According to Mr. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd, "This recognition reaffirms our deep-rooted commitment to sustainability, with ESG embedded at the core of our strategy, innovation, and operations as we continue to advance...

Dar Credit & Capital Limited Raises ₹41 Crore via Non-Convertible Debentures in Q4 FY26 Kolkata, April 2, 2026 – Dar Credit & Capital Limited, a Non-Banking Financial Company (NBFC), announced the successful raising of ₹41 crore through the issuance of Non-Convertible Debentures (NCDs) listed on the NSE, during the fourth quarter of the financial year 2025-26.The capital infusion strengthens the company’s balance sheet and enhances liquidity, enabling Dar Credit & Capital Limited to accelerate its expansion and maintain a balanced capital structure. Funds will be used to scale operations, deepen market penetration, and strengthen the lending portfolio while adhering to debt-equity management practices.“Successfully raising ₹41 crore...

Dodla Dairy Limited Receives Credit Rating Reaffirmation from ICRA Dodla Dairy Limited has received a reaffirmation of its credit ratings from ICRA Limited as of April 2, 2026. The ratings reflect the company’s financial health and stability.ICRA has reaffirmed the following ratings:InstrumentAmount (Rs. Crore)Rating ActionLong-term - Fund-based - Term loan225[ICRA]AA(Stable); Reaffirmed/Assigned for enhanced amountShort-term - Fund-based - Overdraft50[ICRA]A1+; ReaffirmedLong-term/Short-term - Fund-based - Cash credit72.5[ICRA]AA(Stable) /[ICRA]A1+; ReaffirmedLong-term - Unallocated limits2.5[ICRA]AA(Stable); ReaffirmedA detailed breakdown of the ratings by bank is presented below:Details of Bank Limits Rated...

Sambhv Steel Tubes Limited Reports Record Sales Volume in Q4 FY26 Raipur, April 02, 2026 – Sambhv Steel Tubes Limited announced its highest-ever sales volume in Q4, driven by strong performance across all segments. The company attributes this achievement to its strategic focus and success in scaling its high-value product portfolio. This milestone was achieved despite global disruptions stemming from the ongoing war, which impacted the broader industry.The company’s sales volume, categorized by product type, is detailed below:Product Category (Ton)Q4 FY26Q4 FY25Q3 FY26FY26FY25Value Added ProductsStructural Pipes and Tubes 158,75554,72957,2622,24,0992,12,623Pre-Galvanised (GP) Coils and...

Wipro Ltd. Schedules Board Meeting to Review Financial Results Wipro Limited announced that a Board of Directors meeting is scheduled for April 15-16, 2026. The meeting will focus on the review and approval of the company’s condensed audited standalone and consolidated financial results under Indian Accounting Standards (IndAS) for the quarter and year ended March 31, 2026. Additionally, the board will consider the condensed audited consolidated financial results under International Financial Reporting Standards (IFRS) for the same period.Approval of the financial results is expected on April 16, 2026.The trading window for the company’s securities will be closed from March 16, 2026, to April 18, 2026, inclusive.Source:

Himadri’s Anurag Choudhary Named BT India’s Best CEO in Chemicals Category Kolkata – April 2, 2026 – Himadri Speciality Chemical Ltd. announced that Chairman, Managing Director, and CEO Anurag Choudhary has been recognized as Business Today India’s Best CEO Awards 2026 in the Chemicals category.The award, presented as part of the BT MindRush 2026, celebrates top Indian corporate leaders building globally competitive enterprises and driving economic growth.According to Himadri, Choudhary’s recognition highlights his role in transforming the company into a diversified speciality chemicals and advanced materials company, emphasizing innovation, value-added products, and global expansion. Under his leadership, the company has...

Cupid Limited Makes Payment for Warrants in Baazar Style Retail Limited Cupid Limited announced on April 2, 2026, that it has made a payment of Rs. 82,88,31,250 to Baazar Style Retail Limited for the subscription of 1,01,00,000 warrants convertible into equity shares.The transaction aims to strengthen Cupid’s retail presence and expand consumer reach by leveraging Baazar Style Retail Limited’s network of over 250 stores. Cupid anticipates expanding the store network to over 500 locations within the next three years, integrating its FMCG product portfolio into this growth.Baazar Style Retail Limited was incorporated on June 3, 2013, and is engaged in the business of fashion retail. Its consolidated turnover for the last three years...

Bank of India Reports Strong Financial Performance for Quarter Ended March 2026 Bank of India announced its provisional financial results for the quarter and year ended March 31, 2026, demonstrating significant year-over-year growth across key business areas. The figures, released on April 2, 2026, reflect a positive performance trajectory for the financial institution.According to the data, the bank's global business grew by 14.53% to 16,98,026 crore, compared to 14,82,588 crore in the corresponding period of the previous year. Global deposits increased by 13.58%, reaching 9,27,460 crore, while gross advances rose by 15.69% to 7,70,566 crore.Domestically, deposits grew by 14.33% to 8,00,682 crore, and gross advances increased by...

Standard Capital Markets Ltd. Completes Redemption of Non-Convertible Debentures Standard Capital Markets Ltd. announced the completion of a partial redemption of Non-Convertible Debentures (NCDs) on April 2, 2026. The company redeemed 23,202 NCDs, each with a face value of ₹100,000, totaling ₹2,32,02,00,000.Previously, on March 24, 2026, the company had informed the market about the partial redemption. The NCDs were allotted between October 30, 2024, and February 14, 2025, following a request from the debenture holders dated October 28, 2024.The company has fully redeemed the entire Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) of ₹500 Crore, initially issued on October 24, 2024, including all accrued...