Markets

Embassy Developments Appoints Neel Virwani as Chief Business Officer to Spearhead Growth in North and West India Embassy Developments Limited (EDL) has announced the appointment of Neel Virwani as Chief Business Officer. The appointment, effective October 1, 2026, follows the approval of his selection by the Company's Board of Directors and shareholders.As a Promoter at the Embassy Group and part of the company's next generation of leadership, Neel Virwani has been associated with the Group since April 2024. His experience includes strategic planning, business development, and brand transformation initiatives.In his role as Chief Business Officer, Neel Virwani will be responsible for leading EDL's operations across North and West...

Steel Exchange India Limited and NMDC Enter Memorandum of Understanding for Iron Ore Supply Steel Exchange India Limited has established a Memorandum of Understanding (MoU) with NMDC Limited to secure a commercial and operational framework for the supply and procurement of Consistent grade Iron Ore Fines. The partnership was formalized on September 08, 2026.The MoU outlines the framework for sourcing Iron Ore Fines from NMDC's upcoming Buffer Stockpile and Blending Yard located at Visakhapatnam in Andhra Pradesh. The required specifications for the Iron Ore Fines include a Fe content of 61-63% and above.The agreement, which holds a primary term of four years, is designed to provide a framework for the potential long-term supply of...

Adani Airports to Raise Up To USD 1 Billion from Global Investors, Valued at ~USD 18 Billion Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited (AEL), has secured binding agreements to raise primary equity capital of ₹ 9,825 crores, equivalent to approximately USD 1 billion. The deal is supported by a consortium of prominent domestic and global investors.The investment transaction values AAHL at a pre-money equity valuation of approximately USD 18 billion. The consortium includes Alpha Wave Global, Premji Invest, Temasek, and BlackRock managed funds.The participation of these long-term institutional investors signifies a major endorsement of AAHL’s operating capabilities and its long-term growth...

NMDC Limited Announces Iron Ore Prices Effective September 9, 2026 NMDC Limited has announced the fixed prices for its Iron Ore, effective September 9, 2026. The company provided details for two grades of iron ore, specifying the price per ton for each grade.The prices for the two categories of iron ore are as follows:Ore GradeSpecificationPrice Per TonLump Ore65.5%, 10-40mm₹ 5,400/-Fines64%, -10mm₹ 4,500/-The prices provided by NMDC Limited are exclusive of several charges and taxes. The stated prices do not include Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess, and other associated taxes.NMDC Stock Price Movement Shares of NMDC Limited are edging higher to ₹84.79 as of 10:11 AM...

L&T Secures Large Offshore Order from ONGC for West Coast Asset Development Larsen & Toubro Energy Hydrocarbon Offshore (LTEH Offshore) has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC). The contract pertains to the Additional Development of Ratna -I (ADR I) and NLM-14 project off India's west coast.The project scope encompasses the complete EPCIC services: engineering, procurement, construction, installation, and commissioning. The work involves three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.The purpose of the project is to support the continued development of ONGC's offshore assets...

Droneacharya Aerial Innovations Announces 9th Annual General Meeting, Confirms Auditor and Secretarial Auditor Appointments Droneacharya Aerial Innovations Ltd has announced the scheduling of its 9th Annual General Meeting (AGM) for the Financial Year 2025-2026. The meeting, which will address the adoption of annual financial statements and key governance appointments, is scheduled to be held via video conferencing (VC) and other audio-visual means (OAVM).The AGM is set for Wednesday, September 30, 2026, at 12.00 P.M. The proceedings are scheduled to take place at the Registered Office of the Company located at 4th Floor, Vishal Complex, DSK Ranwara, Ram Nagar, NDA Pashan Road, Bavdhan, Pune, 411021.Key Governance Appointments The...

Kalind Ltd Secures Equipment Rental and Services Agreement worth USD 5.26 Million in Ghana Kalind Limited, formerly known as Arunis Abode Limited, has secured an Equipment Rental and Services Agreement with AME SAKI Mining and Construction Limited. The agreement covers providing heavy earthmoving and mining equipment, along with necessary operational support services, at a designated mining operational area in Tarkwa, Ghana.The contract, bearing Work Order No. ASESG/ULT/2026/007, was executed on September 5, 2026, with the international entity AME SAKI Mining and Construction Limited.Under the terms of the agreement, Kalind Limited is contracted to provide skilled equipment operators, service engineers, maintenance, spare parts...

<h1>Edelweiss Financial Services Sets Book Closure Dates Ahead of 31st Annual General Meeting</h1>Edelweiss Financial Services has announced key operational dates regarding its upcoming 31st Annual General Meeting (AGM), confirming the closure periods for its registers of members and share transfer books.The AGM is scheduled to be held on Monday, September 28, 2026, at 4:00 P.M. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company has detailed the book closure schedule for the purposes of the AGM and dividend. The register of members and share transfer books will remain closed for Equity Shares for the following period:Scrip CodeType of SecurityBook Closure for AGM and...

ESDS Software Surges to 20% Upper Circuit, Hitting ₹1,090 as Market Confidence Soars ESDS Software Solutions extended its phenomenal post-IPO rally on Monday, rocketing 20% to hit the upper circuit at ₹1,090 on the National Stock Exchange (NSE).The stock, which opened at the upper-circuit level, remained locked there as of 9:18 am, significantly surpassing its previous close of ₹908.40.This impressive surge underscores the robust market confidence in the company and its business model.The Stellar Debut and Post-Listing Gains The current stock performance sees ESDS Software trading around 154% above its IPO price of ₹429.This massive appreciation has more than doubled the initial investment for successful IPO allottees.The stock's...

Purple Style Labs Debut Struggles: Stock Opens at Discount Despite Positive Grey Market Signals Initial Listing Performance and Key Figures Purple Style Labs made a lukewarm debut on the stock exchanges on September 7. The shares opened at a discount to the issue price, which was set at Rs 575 per share. On the NSE, the stock debuted at Rs 535, reflecting a 6.96 percent decline from the issue price. On the BSE, the shares listed at Rs 539, showing a 6.26 percent discount.The company's market capitalization stood at approximately Rs 4,315.29 crore following the listing. This debut performance was notably weaker compared to the preceding grey market trends.Subscription Details of the Initial Public Offering The IPO was subscribed 1.29...

BikeWo Green Tech Renews Focus on Commerce Forever Partnership as Part of Broader Energy & Mobility Strategy Hyderabad | September 07, 2026: BikeWo Green Tech Limited is renewing its focus on its existing strategic partnership with Commerce Forever. This move is part of the Company’s broader strategy to establish an integrated Energy & Mobility Infrastructure (EMI) platform.BikeWo and Commerce Forever had initially signed a strategic Memorandum of Understanding (MoU) in June 2025. The partnership is focused on deploying between 1,500 and 2,500 electric two-wheelers for last-mile delivery operations. These operations are set to take place across Delhi NCR, Haryana, Uttar Pradesh, and surrounding regions.The partnership, which was...

Jonjua Overseas Ltd Announces Bonus Issue and Acquires Eco-Friendly Technology for Airstrip Development Jonjua Overseas Limited, a company listed on the BSE SME, announced significant corporate developments following a Board meeting held on September 7, 2026. The company approved the allotment of Bonus Equity Shares and finalized the acquisition of a specialized eco-friendly technology crucial for future infrastructural development.The Board meeting, which started at 09:00 am and concluded at 09:26 am, reviewed the company's general day-to-day affairs.Bonus Equity Share Allotment The Board approved the allotment of 79,55,966 fully paid-up Bonus Equity Shares of Rs. 10/- each. This allotment was approved based on a record date fixed...

Apana Logistics IPO Opens: Check 5% GMP, Strong Growth Trajectory as Logistics Giant Seeks Capital Infusion The Apana Logistics IPO is scheduled to commence subscription on September 7, 2026, giving investors a three-day window to participate in the listing. This fixed-price issue, comprising 56.90 lakh shares, is set at an issue price of Rs 60 per share. The IPO holds a total size of Rs 34.14 crore and is poised to debut on the BSE SME exchange on September 15, 2026.The company's strong operational performance has been a key driver ahead of the listing. Apana Logistics reported significant growth in FY26, noting a 44% rise in total income. Income surged from Rs 21.61 crore in FY25 to Rs 31.07 crore in FY26.Profitability also saw a...

Info Edge Agrees to Invest Rs 10 Crores in Wholly-Owned Subsidiary Startup Investments Info Edge (India) Limited has agreed to make an investment of about Rs 10 Crores in Startup Investments (Holding) Limited (SIHL). This investment was agreed upon in a meeting of the Company's Committee of Executive Directors on September 7, 2026.The transaction involves the acquisition of 3,357,958 Equity Shares of SIHL. The investment is structured as a cash consideration. Post this investment, SIHL will continue to be a wholly-owned subsidiary of Info Edge (India) Limited.SIHL is engaged primarily in direct or indirect investments in tech companies and related activities, including investment in AIF. The investment is intended to help SIHL...

Molbio Diagnostics Reports Q1 FY27 Performance, Driven by Truenat Test-Kit Volume Growth Goa, India (September 7, 2026): Molbio Diagnostics Limited, an innovative point-of-care diagnostics company, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant turnaround in profitability, driven by continued high consumption of its Truenat test kits.Financial Performance Snapshot Molbio Diagnostics delivered a strong performance in the first quarter of the financial year 2027 (Q1 FY27). Total Income for the quarter reached ₹411.48 Cr. The company achieved an EBITDA of ₹103.68 Cr, marking a sharp recovery from the loss of ₹14.50 Cr recorded in Q1 FY26. The PAT stood at ₹52.74 Cr...

Swaraj Suiting Limited Board Meeting Approves Director Appointments and Schedules 23rd AGM Swaraj Suiting Limited, during its recent Board of Directors meeting held on September 6, 2026, approved several key corporate governance matters, including the appointment of two directors for the company. The board also finalized the schedule and procedures for the company's 23rd Annual General Meeting (AGM).Key approvals made during the meeting included the Board’s Report, the Corporate Governance Report, and the Management Discussion & Analysis Report for the Financial Year ended March 31, 2026. The board also designated Mr. Sanjay Somani, proprietor of Sanjay Somani & Associates, as the Scrutinizer for the e-voting process of the 23rd...

Gujarat Natural Resources Ltd Recommences Drilling Campaign, Reports Substantial Oil and Gas Reserves Gujarat Natural Resources Ltd (GNRL) and its subsidiary, GNRL Oil & Gas (I) Private Limited (GOGIL), have announced the recommencement of their development and appraisal drilling programme after a pause in operations due to the monsoon.The company is actively focused on advancing its exploration and development portfolio. Currently, two drilling rigs are deployed in different locations to undertake simultaneous drilling operations. These operations are targeted to fulfill the objectives set before the fiscal year ending March 31, 2027.Pre-Monsoon Drilling Campaign Details The pre-monsoon drilling campaign saw the execution of five...

Sathlokhar Synergys E&C Global Lands Major Order from Godrej, Reports Strong Revenue Visibility and Substantial Bidding Pipeline Sathlokhar Synergys E&C Global Limited, an EPC and Infra Turnkey Contractor, has reported robust business momentum, confirming orders aggregating to ₹ 1,139.10 crores (excluding GST) for execution during Fiscal Year 2026/2027. The company also highlighted a significant opportunity pipeline, with submitted bids totaling approximately ₹ 22,654 crores.Of the confirmed orders, ₹ 204.81 crores were billed and recognized as revenue during Q1 of FY 2026/2027. The remaining orders are scheduled for execution over the rest of the financial year.The company confirmed securing a significant order from M/s. Godrej...

Magellanic Cloud's Subsidiary Secures ₹3.49 Crore Order from Western Railway for CCTV Systems Hyderabad, India, September 7, 2026: Magellanic Cloud Limited has announced that its wholly owned subsidiary, Provigil Surveillance Limited, secured a Letter of Acceptance (LOA) from the Western Railway, Ratlam Division. The contract, valued at ₹3.49 Crore, involves the supply, installation, testing, and commissioning of telecom material for CCTV systems across 38 stations in the Ratlam Division.The order highlights the increasing trust and capability of Magellanic Cloud in the Indian Railways surveillance ecosystem. This contract win demonstrates the company's capacity to execute technology driven surveillance projects across complex and...

Kavveri Defence & Wireless Technologies Limited Approves Scheme of Amalgamation with Samoro Telecoms Kavveri Defence & Wireless Technologies Limited has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited. The move aims to consolidate operations and leverage synergies between the two entities, both operating across the defense, aerospace, and telecommunications sectors.The Board of Directors, during a meeting held on September 06, 2026, approved the amalgamation under the Scheme, which is subject to requisite approvals from shareholders and creditors.Strategic Rationale and Business Scope The proposed amalgamation is driven by the complementary nature of both companies' businesses. Kavveri Defence & Wireless...