Markets

SoftTech Launches India's First TDR Trading Exchange Platform-e-TDR Pune, April 2, 2026 – SoftTech Engineers Limited has launched e-TDR, India’s first unified digital platform for Transfer of Development Rights (TDR) transactions, in partnership with the Brihanmumbai Municipal Corporation (BMC) under the direction of the Urban Development Department (UDD), Government of Maharashtra. The platform serves over 18,000 registered developers and TDR owners in BMC.What is TDR? TDR is an urban planning mechanism allowing landowners to receive additional construction rights when land is acquired or surrendered for public purposes. This enables efficient land use and supports planned city development.About e-TDR e-TDR is an online platform...

Central Bank of India Reports Provisional Business Figures for Q4 FY 2025-26 Central Bank of India announced provisional business figures for the quarter ended March 31, 2026, indicating growth across key metrics. Total business reached ₹812814 crore, reflecting a year-over-year growth of 15.65% and a sequential increase of 5.00%.Total deposits stood at ₹467885 crore, up 13.37% year-over-year and 3.84% quarter-over-quarter. CASA deposits rose to ₹220886 crore, representing 9.80% year-over-year growth and 4.30% sequential growth. The CASA ratio improved to 47.31%.Gross advances amounted to ₹344929 crore, showing a year-over-year increase of 18.90% and a quarterly rise of 6.61%. The CD ratio reached 73.88%.Here's a summary of the...

Silverline Technologies Announces Platform Upgrade and Strategic AI Focus Silverline Technologies Ltd. (SILVERLINE) announced a scheduled platform maintenance and a strategic shift in its Artificial Intelligence (AI) branch on April 2, 2026.The company is undertaking a platform upgrade to address a recent surge in Daily Active Users (DAU), which increased by approximately 45%. The maintenance period is expected to last 24 to 72 hours, with services resuming with enhanced capacity and optimized performance.Silverline Technologies has also decided to strategically pivot the focus of its AI division. The AI branch will now concentrate on developing proprietary AI solutions in three key sectors: Cyber Warfare, Supply Chain Management...

New India Assurance Appoints Key Management Personnel Mumbai – April 2, 2026 – The New India Assurance Company Limited announced appointments to key management positions, effective April 2, 2026. The changes were made in accordance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.Ms. Mary Abraham has been appointed as Chief Risk Officer. Currently serving as General Manager, Ms. Abraham brings over 35 years of experience in the insurance industry, with a diverse background across various business lines. She holds an MBA in Finance and is a Fellow of the Insurance Institute of India.Mr. S. Dinakaran has been appointed as Chief Underwriting Officer. Also currently serving as General Manager, Mr. Dinakaran...

Zaggle Prepaid Ocean Services Ltd. Invests Nearly ₹50 Crore in Rivpe Technology Private Limited Zaggle Prepaid Ocean Services Limited announced an investment of ₹49,99,99,939.92 in Rivpe Technology Private Limited (RTPL) on April 2, 2026.The investment, as previously intimated in a letter dated December 4, 2025, resulted in the allotment of 3,42,147 equity shares with a face value of ₹10 each to Zaggle Prepaid Ocean Services Limited.The investment will not alter Zaggle’s ownership stake in RTPL, which remains a wholly owned subsidiary.Source:

Nuvama Wealth Management Ltd. Invests Rs. 100.00 Crores in Subsidiary Nuvama Wealth Management Ltd. announced an investment of Rs. 100,00,00,175 (Rupees one hundred crore and one hundred seventy-five only) through a subscription in the right issue of equity shares of Nuvama Wealth Finance Limited, a wholly-owned subsidiary of the company. The investment was approved on April 2, 2026.Nuvama Wealth Finance Limited ('NWFL') is a Systemically important non-deposit taking Non-Banking Finance Company. As of March 31, 2025, NWFL’s total revenue was Rs. 632.68 Crores, and its net worth stood at Rs. 900.70 Crores.The transaction, undertaken at an arm’s length basis, does not constitute a related party transaction according to SEBI (Listing...

KFin Technologies Receives Perpetual Certificate of Registration as Central Recordkeeping Agency KFin Technologies Limited announced on April 2, 2026, that it has received a Perpetual Certificate of Registration from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a Central Recordkeeping Agency (CRA) under the National Pension System (NPS) architecture. The certificate supersedes previous registrations and remains valid unless suspended or canceled by the Authority.The registration is in accordance with the PFRDA (Central Recordkeeping Agency) Regulations, 2015, and allows KFin Technologies to continue providing recordkeeping services for the NPS.According to a summary of key elements provided in Form A, the...

Kothari Industrial Corporation Ltd. Receives Amendment to Service Contract with Integral Coach Factory Kothari Industrial Corporation Ltd. announced on April 2, 2026, that it has received an amendment to an existing service contract from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The amendment involves an increase in the contract quantity from 100% to 125%, representing a 25% expansion.The revised total contract value is approximately ₹6.33 Crores, inclusive of Goods and Services Tax (GST). The contract period has been extended up to July 24, 2026. The original contract value was ₹5,06,43,224.85, with the quantity enhancement adding ₹1,26,60,806.21.Below is a summary of the contract details...

Orchid Pharma Ltd. Downgraded by CARE Ratings April 2, 2026 – Credit rating agency CARE Ratings Limited downgraded Orchid Pharma Limited’s Long Term Bank Facilities rating to CARE BBB+; Stable from CARE A- and removed it from Rating Watch with Developing Implications. The Short Term Bank Facilities rating was reaffirmed at CARE A2 and also removed from Rating Watch with Developing Implications.The downgrade reflects recent developments including the company's operational and financial performance for fiscal year 2025 (audited) and the nine-month period ending September 30, 2026. The rating action also considers the final order on the scheme of amalgamation being reserved for pronouncement by the National Company Law Tribunal (NCLT)...

Concord Biotech Acquires 100% Stake in Celliimune Biotech Concord Biotech Limited announced the completion of an acquisition of Celliimune Biotech Private Limited on April 2, 2026. The acquisition, completed on an arm’s length basis, will see Concord Biotech advance research in DNA engineering for cancer therapeutics and develop innovative alternatives to conventional chemotherapy.Celliimune Biotech Private Limited was incorporated on January 15, 2025, in India. The company’s authorized share capital is Rs. 12,00,000 divided into 12,00,000 equity shares of Rs. 10 each, with an issued share capital of Rs. 66,00,000 divided into 6,60,000 equity shares of Rs. 10 each. Celliimune Biotech has had Nil Turnover.Concord Biotech acquired...

Indian Bank Revises Treasury Bills Linked Lending Rates Indian Bank announced a revision to its Treasury Bills Linked Lending Rates (TBLR), effective April 3, 2026, according to a regulatory filing. The Asset Liability Management Committee (ALCO) reviewed existing rates and implemented the changes.The revised TBLR rates are detailed in the table below:TenorExisting Rate (%)Revised Rate (%)<= 3 months5.35%5.30%>3 months &<=6 months5.50%5.50%>6 months &<=1 year5.60%5.60%>1 year &<= 3 Years5.60%5.60%The bank confirmed that its Marginal Cost of Funds based Lending Rate (MCLR), Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate, and Repo Linked Benchmark Lending Rates (RBLR) remain unchanged.Current rates...

Monarch Networth Capital Receives SEBI Approval for Mutual Fund Business Mumbai, April 2, 2026 – Monarch Networth Capital Limited (MNCL) has received final registration from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business through its subsidiary, Monarch Networth Asset Management Company. This approval marks a milestone in Monarch's development as a fully integrated financial services platform.The new mutual fund will operate under the name ‘Monarch Mutual Fund.’ Monarch Asset Management Private Limited, a wholly owned subsidiary of MNCL, has also received SEBI approval to act as the Asset Management Company (AMC) for ‘Monarch Mutual Fund.’India’s mutual fund industry has experienced significant...

Max Estates Limited Allots Shares Under Employee Stock Option Plan Max Estates Limited announced the allotment of 4,869 equity shares under its Max Estates Employee Stock Option Plan 2023. The allotment was approved by the Nomination and Remuneration Committee on April 2, 2026.The shares, each with a face value of INR 10, were allocated to option holders who exercised stock options under the ESOP Plan.Following the allotment, the company's paid-up equity share capital increased from INR 1,63,44,54,830 to INR 1,63,45,03,520. This is comprised of 16,34,50,352 equity shares of INR 10 each. The event occurred on April 2, 2026, at 13:23 hrs. (IST).Source:

RSWM Limited Receives Arbitration Award RSWM Limited announced on April 2, 2026, that it received an arbitration award from an Arbitral Tribunal on April 1, 2026, concerning payment of electricity power charges and interest receivable on Compulsory Convertible Debentures (CCDs) issued by LNJ Power Venture Limited.The award relates to two matters: a power purchase agreement (PPA) and the payment of interest on CCDs. The Arbitral Tribunal has awarded Rs. 17,67,58,854 with interest at 15% for the PPA matter. RSWM Limited stated that a provision for this liability was already accounted for, and there will be no impact on profitability.Regarding the interest on CCDs, the Arbitral Tribunal has determined that payment is not due until...

Sundaram Brake Linings Limited Reports Fire Incident at Plant II, Estimates ₹2.66 Crore Damage Sundaram Brake Linings Limited, a manufacturer of TVS brake linings and clutch facings, reported a fire incident at its Plant II in Kariapatti, Virudhunagar, Tamil Nadu, on Thursday, April 2, 2026, at approximately 5:25 A.M. IST.The company stated that the fire was contained promptly, and fortunately, there were no casualties or injuries. Operations at the affected plant will be temporarily suspended. The company is currently assessing the full extent of the damage, with initial estimates placing it at approximately ₹2.66 crores.Sundaram Brake Linings Limited confirmed that the assets at the affected plant are adequately insured, and the...

GPT Infraprojects Limited Receives Arbitration Award of Rs. 3.89 Crores GPT Infraprojects Limited announced on April 2, 2026, that an arbitration award has been declared in favor of GPT-SMC (JV). The award stems from arbitration proceedings held between GPT-SMC (JV) and the Kolkata Municipal Corporation (KMC).The arbitration, overseen by Sole Arbitrator Justice Retired Mr. Shahidullah Munshi, concluded with a ruling that GPT-SMC (JV) is entitled to receive Rs. 3.89 Crores from the KMC. This award relates to the Construction of Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for the Dhapa Water Treatment Plant.The company stated that the settlement will have no negative impact on its financial position.Sl. No.Name of...

Supra Pacific Financial Services Ltd. Approves Issue of Non-Convertible Debentures Supra Pacific Financial Services Ltd. announced on April 2, 2026, that its Board of Directors approved the issuance of secured, unrated, unlisted, Non-convertible Debentures (NCDs) on a private placement basis. The company plans to issue 200,000 NCDs, aggregating to a total of ₹20,00,00,000.The NCDs will have a tenure of 2 years, with allotment expected within one month and maturity at the end of two years. Interest rates will vary, with a rate of 11.60% for 2 years paid monthly and 11.75% for 2 years paid yearly. Principal repayment will occur at the end of the two-year period. The NCDs will be secured by the company's current assets.Debenture...

5Paisa Capital Limited Receives Income Tax Order 5Paisa Capital Limited announced today, April 2, 2026, that it received an order from the Office of the Joint Commissioner of Income Tax (OSD), Central Circle - 4(4) in Mumbai. The order, dated March 30, 2026, concerns the disallowance of certain expenses under the applicable provisions of the Income Tax Act, 1961.The order involves a demand of ₹ 75,11,068. 5Paisa Capital Limited intends to file an appeal against the order within the prescribed statutory timelines.According to the company, there is no material impact on its financial, operational, or other activities at this stage. The company maintains complete records and supporting documentation and is confident in its ability to...

Indian Sucrose Ltd. Concludes Crushing Operations for Season 2025-2026 Indian Sucrose Ltd. announced the conclusion of its sugar crushing operations for the season 2025-2026. The company ceased crushing activities on Thursday, April 27, 2026, at 8:00 AM at its sugar factory located in G.T. Road, Mukerian, Hoshiarpur, Punjab, India.The announcement was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Source:

Gillanders Arbuthnot & Company Ltd. Responds to Income Tax Department Notice Kolkata – April 2, 2026 – Gillanders Arbuthnot & Company Ltd. announced today that it received a Notice of Demand under Section 156 of the Income Tax Act, 1961, pertaining to assessment year 2017-18. The notice, received on March 27, 2026, specifies a sum of ₹ 1,24,85,560.According to the company, there is no anticipated material impact on its financial, operational, or other activities beyond the potential payment of the specified amount if the company's submissions are not accepted. The company intends to contest the demand before the relevant authority within the stipulated timeline.Gillanders Arbuthnot & Company Ltd. is currently evaluating the matter...