Markets

Flomic Global Logistics Ltd. Provides Company Overview, Highlights Q3 FY26 Performance Flomic Global Logistics Ltd., an integrated, asset-light logistics solutions provider, announced the release of a company overview document detailing its services and performance. The document, shared with investors and analysts, highlights the company's comprehensive supply chain services across both domestic and international markets.Flomic Global Logistics Ltd. offers a range of services including ocean and air freight, domestic transportation (air, rail, and road), warehousing and integrated supply chain solutions, exhibition and event logistics, and customs broking. They also handle specialized cargo such as break bulk, oversized and overweight...

Bansal Wire Industries Reports Record Sales Volume in FY26 Delhi, April 1, 2026: Bansal Wire Industries Limited, a leading steel wire manufacturer in Asia by volume, announced its sales volume performance for the quarter and fiscal year ended March 31, 2026. The company achieved a total sales volume of 4,58,054 metric tons (MT) for the fiscal year, a 32.88% year-over-year increase compared to 3,44,710 MT in the previous fiscal year.In the fourth quarter of fiscal year 2026, Bansal Wire registered a sales volume of 1,17,644 MT, compared to 97,821 MT in the fourth quarter of fiscal year 2025. The company noted that while the previous quarter represented its highest ever sales volume, ongoing geopolitical tensions in the West Asian...

Everest Industries Delays Steel Building Facility Launch to Fiscal Year 2026-27 Everest Industries Limited has announced a deferral of the planned manufacturing facility for its Steel Building Division. The facility, initially slated to be established in R. Ananthpuram, Andhra Pradesh, through the company’s wholly-owned subsidiary, Everest Steel Building Private Limited, is now expected to commence operations in Financial Year 2026-27.The delay follows a re-evaluation of the project and ongoing discussions with the Andhra Pradesh Industrial Infrastructure Development Corporation Ltd (APIIDC). The company previously provided an update on the facility’s development on March 21, 2025.Source:

Hero MotoCorp Records 24% Dispatch Growth in Q4 2026, Closes FY 2026 with 10% Volume Growth Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, reported a strong performance in March 2026, with dispatches of 598,198 units compared to 549,604 units in the same period last year. Retail performance also remained robust during the month, with 542,436* VAHAN registrations indicating a growth of approximately 24%. The data is based on VAHAN registrations excluding Telangana, as of April 1, 2026.The company noted demand led by the 100-125cc segment, with double-digit growth in the scooter segment. This performance was supported by a strengthened product portfolio and scale-up of the Glamour and Xtreme range of...

Indian Oil Corporation Reports Record Operational Performance in 2025-26 Indian Oil Corporation Ltd. announced provisional operational performance highlights for the fiscal year 2025-26.Refineries achieved a record crude throughput of 75.4 million metric tonnes (MMT), demonstrating an operational reliability of 99.5%. Pipeline throughput also reached a record high of 105.3 MMT.The company reported a consolidated sales volume of 104.4 MMT of petroleum products, a 4% increase compared to the 100.3 MMT sold in the previous year.Indian Oil Corporation commissioned a record 909 retail outlets, resulting in a positive market share across 9 of the top 10 National Highways.The lubricants business achieved record sales of 855 thousand...

Sathlokhar Synergys E&C Global Limited Reports Over 100% Growth in Turnover Sathlokhar Synergys E&C Global Limited announced a significant increase in turnover for the twelve-month period ended March 31, 2026, reporting growth exceeding 100% compared to the previous financial year. The company attributes this performance to robust execution across infrastructure and solar EPC projects, improved project progress, and disciplined billing and collection processes.The company's firm order book, as of January 1, 2026, stands at ₹991.39 Crores (USD 106 Million), providing revenue visibility within 4 to 8 months. Sathlokhar Synergys E&C Global Limited anticipates securing additional orders exceeding ₹500 Crores, further bolstering its growth...

NMDC Limited Reports Production and Sales Figures for March 2026 NMDC Limited, a government of India enterprise, announced its provisional production and sales data for iron ore for the month of March 2026 and the cumulative period up to March 2026.The company’s Chhattisgarh sector produced 4.01 million metric tons (MT) in March 2026, compared to 2.49 MT in March 2025. Sales from the Chhattisgarh sector reached 4.25 MT in March 2026, up from 2.72 MT in the corresponding period last year. Cumulative production for Chhattisgarh reached 37.52 MT for the fiscal year ending March 2026, compared to 30.01 MT in the previous fiscal year. Cumulative sales totaled 34.67 MT, compared to 30.81 MT a year prior.The Karnataka sector’s production...

Puravankara Limited Receives Income Tax Demand Notices Puravankara Limited announced on April 1, 2026, that it received demand notices from the Deputy Commissioner of Income Tax, Central Circle -1(2), Bengaluru. The notices pertain to Assessment Year 2016-17 and Assessment Year 2017-18.The company received a demand notice of ₹39.34 Crores related to Assessment Year 2016-17, stemming from disallowance of certain expenses and additions on a notional basis. A separate demand notice of ₹12.53 Crores was received for Assessment Year 2017-18, related to disallowance of expenses and denial of indexation for the cost of acquisition of shares.Puravankara Limited is appealing the orders before the Commissioner of Income Tax (Appeals). The...

Eicher Motors Reports Record Annual Sales for Royal Enfield, Announces Manufacturing Capacity Expansion Chennai: April 1, 2026 – Eicher Motors Ltd. announced that Royal Enfield, its motorcycle division, achieved a record-breaking performance with annual sales surpassing 1.2 million units in the financial year ending March 31, 2026. This marks the second consecutive year the company has crossed the 1 million annual sales threshold.March 2026 sales rose 11% over the corresponding month (March 2025) to 1,12,334 units, allowing the company to close FY'26 at 12,38,659 units, up 23% from FY 2024-25. Domestic sales in this financial year grew 23% to 11,07,343 units while exports rose 23% to 1,31,316 units.The sales data for March 2026...

Bharat Seats Limited Receives Appellate Orders from Income Tax Department Bharat Seats Limited announced it received appellate orders from the Income Tax Department, Office of the Commissioner of Income Tax(Appeals), Delhi. The orders pertain to assessment years 2014-15, 2015-16, 2016-17, and 2017-18. The orders were received on March 31, 2026, and dated March 30, 2026.The company had previously disclosed outstanding demands related to assessment orders under sections 147/143(3) of the Income Tax Act. As of June 28, 2024, and April 1, 2025, the total outstanding demand was Rs. 22.43 crores. Of this, a demand of Rs. 7.86 crores for assessment years 2014-15 to 2017-18 will be reduced to Nil following the appellate orders. Appeals...

V-Mart Retail Reports 24% Revenue Growth in Q4 FY26 V-Mart Retail Ltd. announced a business update for the quarter ended March 31, 2026, revealing a substantial increase in revenue and a record year for store additions.Total revenue from operations for the quarter reached Rs. 971 Crores, reflecting a year-on-year growth of 24% compared to Rs. 780 Crores in the same quarter of the previous year. Same-store sales growth (SSSG) for the quarter was 12%, with V-Mart stores experiencing 12% growth and Unlimited stores at 9%. The revenue figures are provisional and subject to review by the company's statutory auditors.During the quarter, V-Mart Retail opened 29 new stores and closed 6, resulting in a total operating portfolio of 577 stores...

Pace Digitek Secures ₹4,945 Million BESS EPC Order from NTPC Bengaluru, March 31, 2026 (GLOBE NEWSWIRE) -- Pace Digitek Limited, an integrated provider of telecom infrastructure and energy solutions, announced it has secured a Battery Energy Storage System (BESS) Engineering, Procurement, and Construction (EPC) order from NTPC Limited. The project involves implementation at the Nabinagar Super Thermal Power Station for a 200 MW / 400 MWh deployment in Bihar.The contract, valued at ₹4,945.4 million (excluding GST), includes ex-works supply for the BESS EPC package along with comprehensive annual maintenance for the life of the system. The scope encompasses supply, logistics, installation, testing, commissioning, and lifecycle...

Coal India Limited Announces Single Window Mode Agnostic E-auction Data Coal India Limited (CIL) has released data pertaining to its Single Window Mode Agnostic (SWMA) E-auction for the month of March 2026, and for the full fiscal year 2025-26. The information, which includes details from CIL and its subsidiary companies, was provided for record-keeping purposes.The data, presented in the table below, outlines the quantity offered, quantity allocated, percentage of allocation, and the percentage increase over the notified price for each subsidiary.March 2026 E-auction DetailsE-auction of Coal and Coal ProductE-auction of Coal and Coal ProductE-auction of Coal and Coal ProductE-auction of Coal and Coal ProductE-auction of Coal...

Bonlon Industries Receives Order and Demand Notice from Income Tax Department Bonlon Industries Ltd. announced that it received an order and demand notice from the Income Tax Department on March 31, 2026. The notice relates to the Assessment Year 2021-22 and was issued under sections 147 and 156 of the Income Tax Act, 1961.According to a company statement, Bonlon Industries believes it has a strong case and intends to file an appeal against the order before the appropriate authority. The company will provide updates to the stock exchanges if there are any material developments.The details of the order are outlined in the following table:DetailInformationNature of ActionOrders passed and notice of demand issuedDate of...

TrueRE Oriana Power Signs ₹3,135 Crore Green Ammonia Offtake Agreement with SECI New Delhi, March 31, 2026: TrueRE Oriana Power has signed a long-term Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India (SECI) under the National Green Hydrogen Mission. The agreement entails a contracted supply of 60,000 tonnes per annum at a price of ₹52.25 per kg, with a total contract value of approximately ₹3,135 crore over a period of 10 years. A corresponding Green Ammonia Sale Agreement (GASA) has been executed between SECI and Madhya Bharat Agro Products Limited.TrueRE Oriana Power received the Letter of Award (LoA) for the project in August 2025 under the Strategic Interventions for Green Hydrogen Transition (SIGHT)...

Karnataka Bank Announces Provisional Key Business Parameters for Fiscal Year 2026 Karnataka Bank Ltd. has released provisional key business parameters as of March 31, 2026, subject to audit by the Statutory Auditors. The figures, presented below, indicate growth across several key areas.Key Business Parameter HighlightsThe bank reported a 10.0% year-over-year increase in its CASA (Current, Savings, and Account) balance, reaching ₹36,621.16 crore from ₹33,281.00 crore in the prior year. Deposits also rose, increasing by 3.8% to ₹108,840.95 crore compared to ₹104,807.49 crore in the previous fiscal year. The share of CASA to total deposits improved to 33.65% from 31.75% year-on-year.Gross advances increased by 6.9%, reaching...

Capacit'e Infraprojects Receives Income Tax Assessment Order Capacit'e Infraprojects Limited announced receipt of an income tax assessment order from the Assistant Commissioner of Income Tax. The order, dated March 31, 2026, pertains to the Assessment Year 2024-25 (Financial Year 2023-24) and includes a tax demand, including applicable interest, totaling ₹10.18 crore.The tax demand arises from disallowances of certain expenditures and deductions claimed by the company. Capacit'e Infraprojects has initiated the process of filing a rectification application and intends to appeal the order before higher appellate forums within the stipulated timelines.According to the company, it possesses adequate factual and legal grounds to support...

Sayaji Hotels Limited Opens New Property in Junagadh, Gujarat Junagadh, April 1, 2026 – Sayaji Hotels Limited, a rapidly expanding mid-scale and premium hotel chain in India, announced the opening of its latest property, Enrise by Sayaji, in Junagadh, Gujarat.The property will be managed and operated by Sayaji Hotels Limited, further strengthening the company’s presence in Gujarat. The hotel is designed to cater to both religious and leisure travelers, offering a fresh, vibrant, and value-driven hospitality experience.Junagadh is a historic city known for its cultural heritage and scenic beauty, featuring landmarks like Girnar Hills, Gir National Park, and Uparkot Fort.The Enrise by Sayaji property features:51 Villas 10 Key...

Fertilizers and Chemicals Travancore Limited Reports Physical Performance for FY 2025-26 Fertilizers and Chemicals Travancore Limited (FACT) announced its physical performance figures for the financial year 2025-26. The company reported production and sales figures for several key products.Production for the year included 8.3 LMT of NP 20:20:0:13 and 2.83 LMT of Ammonium Sulphate. Sales for the same period totaled 8.07 LMT of NP 20:20:0:13 and 2.99 LMT of Ammonium Sulphate.Imported chemical fertilizer sales comprised 0.85 LMT of DAP, 0.43 LMT of TSP, 0.19 LMT of NPK 15:15:15, and 0.397 LMT of MoP, resulting in a total imported sales volume of 1.86 LMT. Additionally, total traded products, encompassing organic fertilizers and SSP...

TVS Supply Chain Solutions Subsidiary Receives Tax Order TVS Supply Chain Solutions Limited announced that its wholly-owned subsidiary, TVS SCS Global Freight Solutions Ltd ('TVS SCS GFS'), has received an order from the Income Tax Assessment Authority under the Income Tax Act. The order, dated March 31, 2026, relates to expenses recorded by TVS SCS GFS which were not reported as income by suppliers.The Income Tax Assessment Authority issued the order under Section 143(3), resulting in a Tax Demand of ₹ 6.71 Crores. TVS SCS GFS intends to file a response and appeal the order before the relevant authorities within the prescribed timelines.According to the company, the Tax Demand is not expected to have a material impact on the...