Markets

Radico Khaitan Launches Magic Moments Aam Panna, Expanding Flavours of India Portfolio Radico Khaitan Limited has announced the launch of Magic Moments Aam Panna, introducing a new expression to its successful Flavours of India portfolio. This launch reinforces the brand's commitment to celebrating India's rich flavour heritage through innovative and contemporary experiences.Magic Moments Aam Panna is inspired by one of India's most loved beverages. Crafted to capture nostalgia, vibrancy, and refreshment, the variant combines the tangy character of raw mangoes with the smoothness of premium vodka. The new product is refined using Magic Moments' signature 5-stage filtration process, offering a balanced sweet-and-sour taste profile...

Magellanic Cloud's Subsidiary IVIS Secures Second E-Surveillance Contract with Capri Global Capital, Strengthening BFSI Presence Magellanic Cloud Limited has seen its wholly owned subsidiary, IVIS International Private Ltd., secure a second major Purchase Order from Capri Global Capital Limited. This contract involves the deployment of IVIS's Integrated E-Surveillance and Vault Operation Solution across additional sites on a pan-India basis.The receipt of this second purchase order significantly strengthens Magellanic Cloud Limited's relationship with Capri Global Capital Limited. It reflects continued confidence in Ivis's technology, nationwide deployment capabilities, and managed e-surveillance services provided to financial...

Gravita India Plans Major Copper Recycling Plant Expansion in Mundra, Gujarat Gravita India Limited, a global leader in recycling operations, has announced plans for a significant expansion of its non-ferrous metal capabilities with the introduction of a dedicated copper recycling plant in Mundra, Gujarat. This move underscores the company’s commitment to strengthening its position within the domestic and international markets for recycled copper.The new facility is slated to add 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling capacity at its existing site in Mundra. The project is estimated to require a capital expenditure of approximately ₹ 64.00 crores and will be financed through internal accruals.This substantial...

Max Healthcare Institute Limited: NCLT Hearing Adjourned Until September 8, 2026 Max Healthcare Institute Limited is continuing the proceedings related to petitions filed by BRS Capital Two Pte. Limited against Kalinga Hospital Ltd. (KHL), a subsidiary of the Company, and the company itself. These matters stem from an earlier intimation dating back to August 7, 2026.The litigation involves BRS Capital Two Pte. Limited and concerns KHL, which is also a shareholder of the Company from whom Max Healthcare Institute Limited acquired its majority equity stake.The matter was listed for hearing on August 19, 2026, before the National Company Law Tribunal (NCLT), Cuttack Bench. During the proceedings, the legal representatives representing...

Thirumalai Chemicals Receives GST Show Cause Notice Over ITC Non-reversal on Stock Difference Thirumalai Chemicals Limited has received a show cause notice from the Office of Assistant Commissioner, Central GST and Central Excise, Audit Commissionerate in Vadodara. The action pertains to the non-reversal of Input Tax Credit (ITC) concerning stock differences identified during an audit spanning the period April 2020 to March 2024.The notice was issued under Section 74 of the CGST Act, 2017, based on the taxpayer's audit conducted under Section 65 of the CGST Act, 2017.The company has noted the details of the alleged violation and is committed to submitting a formal response to the authority within the prescribed timelines.Audit...

Bannari Amman Sugars Receives Show Cause Notice Over Alleged Excess Input Tax Credit Availment Bannari Amman Sugars Limited has received a Show Cause Notice from the GST authorities regarding an allegation of excess Input Tax Credit (ITC) availed. The notice pertains to transactions spanning the financial year 2020-21, covering the period from April 2020 to March 2021.The company was issued the notice by the Office of the Deputy Commissioner of Commercial Taxes (Audit)-3 in Mysuru. This action relates to discrepancies found when comparing the ITC reported in Form GSTR-9 against the ITC reflected in relevant GST records.Bannari Amman Sugars Limited confirmed that it had previously submitted detailed replies to the tax authorities...

Akanksha Power Provides Clarification on Stock Price Movement Amid Market Volatility Akanksha Power and Infrastructure Limited has addressed a request seeking clarification regarding significant movements in the price of its equity shares, asserting that all necessary disclosures have been made in a timely and accurate manner.The company confirmed that it has not withheld any material information or event that could potentially affect the price or volume behavior of its stock. Akanksha Power stated that it continues to make disclosures as required when any relevant information arises.In response to the inquiry concerning the recent price trends, Akanksha Power and Infrastructure Limited concluded that the significant movement in the...

Petro Carbon Achieves Consent to Operate from West Bengal Pollution Control BoardPetro Carbon and Chemicals Limited, formerly Petro Carbon And Chemicals Private Limited, has secured the essential Consent to Operate (CTO) from the West Bengal Pollution Control Board. The operational clearance pertains to the company's furnaces at the Haldia Oil Refinery.The granted consent allows for the operation of 4 x 6000 TPA Electrically Calcined Anthracite (ECA) Furnaces, a significant milestone in the company's manufacturing capabilities.This development provides clarity on the operational status and environmental compliance of Petro Carbon’s manufacturing process involving ECA furnaces at the facility located in Haldia.PCCL Stock Price...

GP Eco Solutions India Completes Listing of 499,000 Equity Shares Issued Through Preferential Issue GP Eco Solutions India Limited has successfully completed the listing and admission to dealings of equity shares issued under a preferential issue. The company's equity shares are now tradable on the National Stock Exchange (NSE) following the allotment.The listing covers 499,000 Equity Shares of GP Eco Solutions India Limited, each priced at ₹10/-. The stock has been admitted to dealings on the NSE starting August 19, 2026.The details regarding the equity share allotment are as follows:Security DescriptionSymbolSeriesNumber of SecuritiesDistinctive Numbers RangeEquity shares issued under Preferential...

Fabtech Subsidiary Secures AED 9.92 Million Turnkey Flavour Manufacturing Project in UAE Fabtech Technologies Limited (FTL) has achieved a significant expansion milestone through its subsidiary, FTS Cleanrooms Systems LLC, UAE. The company secured an AED 9.92 million turnkey project from Aroma King, a flavour manufacturing company based in the UAE.The contract is slated for fast-track completion within six months. This project marks a key step in expanding Fabtech Group’s capabilities into high-specification food, flavour, and ingredient manufacturing.As part of this integrated commitment, FTS Cleanrooms Systems LLC will be responsible for delivering the facility's critical internal infrastructure. The scope includes modular...

TSF Investments Approves Subscription for Wheels India Limited Preferential Issue TSF INVESTMENTS LIMITED, formerly known as Sundaram Finance Holdings Limited, has approved the subscription to the preferential issue of equity shares offered by Wheels India Limited on a private placement basis. The decision was ratified by the company’s Board of Directors during a meeting held on August 19, 2026.The transaction involves TSF subscribing to 10,57,827 equity shares of Wheels India Limited at an issue price of ₹ 1418/- per share. This subscription includes a premium of ₹ 1408/- per equity Share. The proposed aggregate value of the transaction is not expected to exceed ₹ 150 Crores.TSF INVESTMENTS LIMITED confirmed that the proposed...

CG Power and Industrial Solutions Limited Appoints New Statutory Auditors After Auditor Change CG Power and Industrial Solutions Limited has appointed M/s Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors of the company. The appointment follows a casual vacancy that arose due to the stepping down of the previous auditors, M/s S R B C & CO LLP.The Board of the Company approved the appointment of M/s Price Waterhouse Chartered Accountants LLP after recommendations from the Audit Committee. The new firm will serve as Statutory Auditors effective from August 19, 2026.M/s Price Waterhouse Chartered Accountants LLP is expected to hold the position until the conclusion of the 90th Annual General Meeting (AGM), which...

Talwalkars Fitness Announces Key Leadership Changes: New Managing Director Appointed Amidst Executive Departures Talwalkars Better Value Fitness Limited has announced significant changes in its senior management team, effective August 18 and August 19, 2026. The company reported the resignation of a Managing Director and an Executive Director, alongside the appointment of Ms. Meena Arvind Bhanushali as the new Managing Director.The Board of Directors noted the resignation of Mr. Arvind Pradhan Bhanushali from the position of Managing Director, effective August 18, 2026. Following his resignation in this capacity, Mr. Pradhan Bhanushali will continue serving the company as a Non-Executive Director.Concurrently, the Board appointed...

Centum Electronics Limited Receives Approval Under ECMS for Component Manufacturing Centum Electronics Limited has secured approval under the Electronics Components Manufacturing Scheme (ECMS) to support its manufacturing plans in key electronic components. The company received this significant approval on August 17, 2026.The ECMS approval pertains to a planned investment of approximately Rs. 106 crores. This investment is allocated over a period of five years and is dedicated to the production of products within the Transducers and Filters categories.The approval marks a strategic step for Centum Electronics Limited as it advances its commitment to manufacturing components in these specific industrial sectors.CENTUM Stock Price...

Infosys Aster Named Leader in Everest Group's Marketing Transformation Services PEAK Matrix 2026 Infosys, a global leader in AI-first business consulting and technology services, has been recognized as a Leader in the Everest Group Marketing Transformation Services PEAK Matrix® Assessment for 2026. This recognition highlights the capabilities of Infosys Aster, its AI-amplified marketing suite, underscoring its ability to deliver scalable, AI-led, end-to-end marketing transformation for global enterprises.The assessment conducted by Everest Group evaluated and categorized 29 service providers based on their market impact, vision, and core capabilities. Infosys Aster was recognized specifically for leveraging strong proprietary...

Life Insurance Corporation of India Reports Post-OFS Shareholding PatternThe Life Insurance Corporation of India (LIC) has released its post Offer For Sale (OFS) Shareholding Pattern, providing details on its current ownership structure. The report encompasses various aspects of the corporation's shareholding, including declarations related to the status of its securities and significant beneficial owners.Details regarding foreign ownership limits show that the board-approved limit stands at 20 percent. As of the specified date, the utilized limit reported is 1.23 percent.The following table summarizes the key data points from the corporate reporting:IndicatorBoard Approved LimitsLimits UtilizedDateForeign Ownership...

Crompton Greaves Unveils New Master Brand Identity and Launches Super-Premium Platform Rhion Crompton Greaves Consumer Electricals Limited has unveiled its refreshed Master Brand Identity as part of a strategic transformation known as 'Crompton 2.0'. The move, which reflects the company's evolution into an innovation-led consumer-centric home solutions business, includes a new visual emblem, a distinct brand promise, and a proprietary sonic identity designed to strengthen consumer connection.The refreshed branding is set to be progressively rolled out across Crompton’s products, packaging, retail presence, digital platforms, and all consumer communications, unifying the company’s offerings for its next phase of growth and...

United Heat Transfer Secures Order from Siemens for Manufacturing Spare Vessels United Heat Transfer Limited has secured a contract with Siemens Energy Industrial Turbomachinery India Private Limited for the manufacturing and supply of spare vessels. The order, which is designated for UHTL's domestic plant, amounts to approximately Rs. 94,96,000 (excluding tax).The agreement was awarded by the domestic entity, Siemens Energy Industrial Turbomachinery India Private Limited, with a commitment period extending until March 31, 2027. The nature of the contract involves manufacturing and supplying these spare vessels.The transaction has been confirmed as a non-related party business deal.Details regarding the payment structure and terms...

NIIT Learning Systems Earns 114 Brandon Hall HCM Excellence Awards for Programs Developed with Global ClientsGlobal leader in managed learning services, NIIT Learning Systems Limited has secured a record 114 Brandon Hall Group HCM Excellence Awards for 2026. These awards were won jointly with their clients across various industries, recognizing excellence in areas including Talent Management, Human Resources, and the Future of Work. The total recognition comprises 90 awards awarded to NIIT Learning and 24 awards given to SweetRush, an AI-enabled custom learning experience design firm acquired by NIIT Learning in January 2026.The Brandon Hall Group Excellence Awards recognize demonstrated excellence across a range of disciplines...

Escorts Kubota Groundbreaks New Greenfield Manufacturing Plant in Uttar Pradesh with INR 2,000 Crore Investment Escorts Kubota Limited has initiated the groundbreaking of a new greenfield manufacturing facility in Uttar Pradesh. This strategic move is part of the company’s long-term growth plan and will establish one of the largest manufacturing sites for the Kubota Group globally upon completion of all phases.The 154 acre facility, located at Sector 10, YEIDA in Gautam Buddha Nagar, stands as a major investment in the company's capacity. The new plant will be developed in multiple phases with a total indicative investment outlay exceeding INR 2,000 crore.Operational Scope and Capacity Targets The manufacturing plant is designed to...