Markets

Avanti Feeds Limited Invests in Thai Union Feedmill Ecuador S.A.S. Avanti Feeds Limited announced that its Board of Directors approved an investment in Thai Union Feedmill Ecuador S.A.S. (TFME) in Ecuador, South America, on April 1, 2026.The investment, structured as a cash transaction, amounts to USD 3 million. Avanti Feeds Limited will hold a 10% shareholding, representing 3 million shares with a par value of USD 1 per share.TFME, yet to be incorporated, will be engaged in aquaculture feed manufacturing and distribution in Ecuador. It is an associate company and joint venture partner of Avanti Feeds Limited, with Thai Union Feed Mill Public Company Limited, Thailand, serving as the holding company. The company will operate within...

Orient Electric Launches India’s First Oxygen-Enriching Fan, Aero O2 New Delhi, April 1, 2026 – Orient Electric Limited, a part of the USD 3 billion CKA Birla Group, today launched Aero O2, a new ceiling fan incorporating Bio-Oxy Plasma ION+ Technology designed to enrich indoor oxygen levels. The company states Aero O2 is India’s first oxygen-enriching fan.According to Orient Electric, Aero O2 restores up to 90% oxygen, detoxifies, and revitalizes homes. The fan addresses concerns about declining air quality and oxygen levels in enclosed spaces, particularly in urban areas.“Urban consumers today are deeply concerned about the invisible health risks inside their homes,” said Ravindra Singh Negi, Managing Director and CEO of Orient...

Manav Infra Projects Limited Secures New Work Order for Shore Piling Project Manav Infra Projects Limited announced the receipt of a new work order for shore piling and anchoring work at Bangur Nagar, Goregaon West, Mumbai. The project, located in Mumbai-400104, carries a total cost or order value of approximately Rs. 1,79,19,436.65, inclusive of Goods and Services Tax (GST) at 18%. The company characterized this development as a normal course of business.The work order falls under the company’s core business operations and represents a new opportunity for Manav Infra Projects Limited.Mahendra Narayan Raju, Managing Director, provided the update.Source:

Avax Apparels and Ornaments Ltd. Launches New Digital Platform, Discontinues Existing Segment Avax Apparels and Ornaments Ltd. announced the launch of a new mobile application/online platform, https://avaxapparels.shop, effective April 1, 2026. The platform offers apparels, jewellery, and other accessories. This initiative aims to expand the company's digital commerce presence and diversify its product offerings.Separately, the company discontinued its existing mobile application/online platform, https://blushines.com, which previously sold silver ornaments, effective March 31, 2026. This decision was made to optimize resources and reduce costs through platform consolidation.New Digital Platform DetailsName of the...

Maruti Suzuki Achieves Record Annual Sales in FY 2025-26 New Delhi, April 1, 2026: Maruti Suzuki India Limited announced record sales figures for March 2026 and the financial year 2025-26. The company surpassed 2 million unit sales for the third consecutive year.In March 2026, Maruti Suzuki sold a total of 225,251 units, comprising domestic sales of 169,428 units, sales to other original equipment manufacturers (OEM) of 8,783 units, and exports of 47,040 units.For the financial year 2025-26, the company achieved total sales of 2,422,713 units, with domestic sales reaching 1,861,704 units and exports totaling 447,774 units. These figures represent the highest-ever recorded for the company.The following table details sales...

R R Kabel Limited Faces Appeals in GST Refund Dispute R R Kabel Limited announced that the Principal Commissioner/Commissioner, CGST & CE, Vadodara-I Commissionerate has filed appeals against Order-In-Appeal Nos. VAD-CGST-001-APP-COMMR-231-2024-25 and VAD-CGST-001-APP-COMMR-230-2024-25, issued September 26, 2024.The appeals concern a refund dispute where the Department alleges erroneous refund under Section 73(1) of the CGST Act, 2017, along with interest under Section 50 and penalty under Sections 73(9) and 122. The company maintains the refund was correctly claimed under Section 54(3). The appellate authority had previously accepted the company's position and dropped the demand.The appeals challenge the grant of refunds totaling...

Chamunda Electrical Limited Receives Letter of Award for Sub-Station Operation and Maintenance Chamunda Electrical Limited (CEPL) announced it has received a Letter of Award (LOA) from Gujarat Energy Transmission Corporation Limited ('GETCO') for the operation and maintenance of 88 (Eighty-Eight) Nos. of 66 KV class sub-stations.The contract, awarded on March 25, 2026, is for a period of 3 (Three) years, commencing from the date of commencement. The total value of the contract is ₹63.47 Crores, inclusive of GST at 18%.According to the terms of the LOA, CEPL will be responsible for the operation and maintenance of the 66 KV class sub-stations as outlined in the tender terms and conditions.The company stated that this contract is...

Panorama Studios International Ltd. Enters into MoU for Marathi Film “Salbardi” Panorama Studios International Ltd. announced it has entered into a Memorandum of Understanding (MoU) with Nebula Films LLP. The agreement is for the exploitation of theatrical rights for the Marathi language film "Salbardi," covering both pan India and overseas territories.The film "Salbardi" stars Pooja Sawant, Shashank Shende, Onkar Bhojane, Bharat Ganeshpure, and others. Ramesh Sahebrao Choudhary directed the film. The announcement was made on April 1, 2026.Source:

CRISIL Reaffirms Thomas Cook India Group’s Credit Ratings at AA/Stable/A1+ Mumbai, April 1, 2026 – CRISIL Ratings has reaffirmed the long-term rating and corporate credit rating (CCR) of Thomas Cook (India) Limited (TCIL) at ‘CRISIL AA/Stable’ and its short-term rating at ‘CRISIL A1+.’ The reaffirmation reflects the Group's resilient business model, strong financial profile, and consistent operational performance.The ratings consider the strong support from parent Fairfax Financial Holdings Ltd, along with TCIL’s leadership position in India's travel and foreign exchange sectors. The Group also benefits from a diversified presence across hospitality and attraction imaging segments.TCIL reported revenue growth of 7.4% year-over-year...

Cosmo First Ltd. Enters Agreement with Cosmo Ferrites Limited for Support Services April 1, 2026 – Cosmo First Ltd. announced an agreement with Cosmo Ferrites Limited, a related party, to provide support services. The agreement is effective for a period of one year, commencing April 1, 2026, and concluding March 31, 2027.The terms of the agreement stipulate a consolidated fee of Rs. 200,000 per month plus applicable Goods and Services Tax (GST). Cosmo First Ltd. will also reimburse out-of-pocket expenses incurred on an actual basis. Either party has the option to terminate the agreement with 30 days’ notice.According to the terms, Mr. Ashok Jaipuria serves as a common promoter for both Cosmo First Ltd. and Cosmo Ferrites Limited...

Green Graphite Technologies and Rain Carbon Canada Complete Project to Advance Graphite Production for Lithium-Ion Batteries Hamilton, Ontario, Canada, April 1, 2026 – Green Graphite Technologies Inc. (GGT) and Rain Carbon Canada Ltd. (RAIN) announced the successful completion of a project to advance the production of coated spherical purified graphite, a critical material in the manufacturing of lithium-ion batteries for electric vehicles (EV), micromobility, energy storage systems, and other devices. The project received CA$682,000 in support from the Government of Ontario through the Ontario Vehicle Innovation Network (OVIN), with a total project value of CA$2.05 million.The collaboration combined GGT's graphite purification...

K S Oils Ltd. Secures Favorable Order from Delhi High Court K S Oils Ltd. announced on April 1, 2026, that the Hon'ble Delhi High Court has passed an order setting aside a previous order from the District Judge, Rohini District Court, New Delhi. The original order involved an ex-parte interim injunction concerning the company's usage of the 'Kalash' trademark.Following the District Judge’s order, K S Oils Ltd. filed an appeal with the Delhi High Court. The recent order from the High Court has released all material previously seized by Local Commission and is in favor of the company.According to the company, the matter relates to the usage of the 'Kalash' trademark, as approved by the NCLT on February 3, 2025. K S Oils Ltd. maintains...

GE Shipping Acquires Secondhand Medium Range Tanker The Great Eastern Shipping Company Limited (GE Shipping) announced on April 1, 2026, that it has contracted to purchase a secondhand Medium Range Tanker. The vessel, built in 2014, has a deadweight tonnage (dwt) of approximately 49,420. It is slated to join GE Shipping’s fleet in the first quarter of fiscal year 2027.The acquisition will be financed entirely through internal accruals and is aimed at expanding the company's fleet.GE Shipping's current owned fleet consists of 40 vessels, comprised of 26 tankers and 14 dry bulk carriers, totaling 3.20 million dwt. The company's current capacity utilization is near 100%.In addition to the tanker acquisition, GE Shipping has also...

HCLTech Unveils AI Force 2.0 to Deliver Enterprise-Grade Agentic AI NEW YORK and NOIDA, India, April 01, 2026 – HCLTech, a global technology company, today announced the launch of AI Force 2.0, the next evolution of its proprietary enterprise AI platform.The updated platform integrates agentic intelligence with generative AI to accelerate and augment workflows across software and data engineering, IT operations, and enterprise business processes. AI Force 2.0 is designed to improve decision-making and business process efficiency while ensuring strong governance, security, and measurable return on investment.AI Force 2.0 operates as a model-agnostic, modular platform unifying engineering, operations, and applications within a single...

Ashok Leyland Reports Sales Growth in March 2026 Ashok Leyland Ltd. announced sales figures for March 2026, demonstrating growth across several categories. Total vehicle sales for the month reached 23,743 units domestically and 25,381 units including exports, reflecting a 5% increase compared to March 2025.The company’s cumulative sales for March 2026 totaled 2,02,355 units domestically and 2,20,437 units including exports, a 13% increase year-over-year.Domestic Sales Performance (March 2026)Sales (Units)M&HCV TrucksM&HCV BusTotal M&HCVLCVTotal VehiclesMarch 202614,1382,10016,2387,50523,743March 202512,8823,20016,0826,42822,510Increase/Decrease (%)10%(34%)1%17%5%Cumulative March...

Godawari Power and Ispat Limited Reports Record Production in FY26 Godawari Power and Ispat Limited announced record production volumes across all divisions for the financial year 2025-26. The company achieved its highest ever output in iron ore mining and value-added steel products.According to company data, Iron Ore Pellets/Sponge Iron (DRI) production reached 27.49 lakh metric tons, compared to 24.49 lakh metric tons in the previous fiscal year. Steel Billets production totaled 4.77 lakh metric tons, while Wire Rods production reached 2.31 lakh metric tons. HB Wires production was recorded at 1.01 lakh metric tons. Generation of power reached 86.58 crore KWH, an increase from 83.45 crore KWH in the prior year.A summary of the...

Shraddha Prime Projects Ltd. Appoints Adfactors PR as Investor Relations Agency Shraddha Prime Projects Ltd. (formerly Towa Sokki Limited) announced the appointment of Adfactors PR Private Limited as its Investor Relations Agency, effective April 1, 2026. Adfactors PR (CIN: U74140MH1997PTC110210) will assist the company in strengthening investor engagement and enhancing brand visibility.The strategic communications firm will manage the company's external Capital Market communications and Investor positioning. This partnership aims to support stakeholder communications and align with Shraddha Prime Projects Ltd.'s business objectives.Sudhir Balu Mehta, Managing Director (DIN: 02215452) of Shraddha Prime Projects Limited, highlighted...

Magellanic Cloud Ltd. Receives INR 7.88 Crore Order from Indian Railways Magellanic Cloud Ltd. announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Vijayawada Division (Indian Railways). The LOA pertains to the execution of signaling and telecommunication (S&T) arrangements for the provision of CCTV cameras at Goods Sheds across multiple railway stations under the Vijayawada Division.The total contract value is approximately INR 7.88 Crore, and the project is slated for completion within 365 days, adhering to Indian Railways General Conditions of Contract and tender conditions. The order aligns with the company’s normal course of business...

Marushika Technology Limited Receives Purchase Order from Trisatya Equipments India Private Limited Marushika Technology Limited (formerly Marushika Technology Advisors Ltd. and Marushika Technology Advisors Pvt. Ltd.) announced it has received a purchase order from Trisatya Equipments India Private Limited. The order, valued at ₹ 354.64 Lacs, is for the refurbishment of ZIL Lorries and is expected to be executed by March 26, 2027.According to the company, none of the promoters have an interest in Trisatya Equipments India Private Limited, and the transaction does not constitute a related party transaction.Details of the Purchase Order:S. No.ParticularsDetails1Entity Awarding OrderTrisatya Equipments India Private Limited...

Tech Mahindra Announces Merger of Two Step-Down Subsidiaries Tech Mahindra Ltd. announced on April 1, 2026, the approval of a plan to merge Tech Mahindra Costa Rica Sociedad Anonima with Allyis Technology Solutions Sociedad de Responsabilidad Limitada. Both entities are wholly owned step-down subsidiaries of Tech Mahindra.The merger, effective April 1, 2026, is subject to regulatory approvals in Costa Rica. Upon completion, Tech Mahindra Costa Rica Sociedad Anonima will cease to be a wholly owned subsidiary of Allyis Technology Solutions Sociedad de Responsabilidad Limitada, and subsequently a wholly owned step-down subsidiary of Tech Mahindra.The rationale for the consolidation is to reduce the number of entities within the group...