Markets

S A Tech Software India Limited Approves Annual Reports and Fixes Dates for 14th AGM S A Tech Software India Limited held its Board of Directors meeting on August 20, 2026. During this meeting, the board reviewed and approved several critical governance documents related to the company’s operations and financial performance for the Financial Year (FY) 2025-26 and FY ended March 31, 2026.Key approvals included noting the Secretarial Audit Report for FY 2025-26, which was issued by M/s Shalin J & Associates, Company Secretaries. The board also approved both the draft Annual Report and the draft Board’s Report corresponding to the financial year ending March 31, 2026.The company's Board further approved the appointment of Mr. Shalin...

Dev Information Technology Limited Secures Order from NICSI to Develop IFMS 3.0 Applications Dev Information Technology Limited (DEVIT) has been awarded a significant work order by the National Informatics Centre Services Incorporated (NICSI) for developing and implementing critical web and mobile applications for a state government client in Rajasthan. The contract, valued at approximately INR 5.15 Crore, covers key finance department functionalities for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur.The work order details the development and implementation of the IFMS 3.0 Web and Mobile Applications. This project aims to cover various core modules within the client's finance domain.Scope of WorkThe...

RBI Approves LIC Acquisition of Stake in HDFC Bank Limited The Reserve Bank of India (RBI) has granted approval for Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Limited, referred to as the Bank. This decision was made following LIC's application concerning this acquisition.The approval granted by the RBI is subject to specific conditions. These include compliance with various relevant statutes and guidelines.As per current available data, the beneficial position shows that LIC holds 4.11% of the total share capital in HDFC Bank Limited as of August 14, 2026.Key details regarding the institutional holding are presented below...

Oriana Power Secures Large Solar EPC Contract worth Rs 94.5 Crore in BiharOriana Power Limited has received and accepted Letters of Award (LOA) from Bellwether Energy Pvt. Ltd. for a significant Engineering, Procurement, and Construction (EPC) services project focused on ground-mounted solar power generation across several locations in the state of Bihar.The order details the supply and construction of EPC services for a total capacity of 25.138MW/31.423MWp. The contract, valued at Rs 94,50,98,990, includes GST. The project involves multiple sites in Bihar, including Barhat, MangoBandar, Shankarpur, Murliganj, Goradih, Dhuraiya, Jagdishpur, and Manikpur.The business arrangement falls under the renewable energy sector and was...

Boss Packaging Solutions Limited Clarifies Stock Movement Citing Market-Driven Factors Boss Packaging Solutions Limited, formerly known as Boss Packaging Solutions Pvt. Ltd., has provided clarification regarding the movement in its securities market price. The company stated that it had not withheld any information or events that would impact the share value of the company.In the statement, BPSL confirmed that the fluctuations observed in the market price of its securities were purely market-driven. The company added that it possesses no specific information regarding the reasons behind the recent movement.The clarification affirmed that Boss Packaging Solutions Limited remains committed to all applicable disclosure requirements and...

Lupin Enters Strategic Licensing Agreement for YUVEZZI™ to Commercialize Presbyopia Treatment in European Markets Lupin Limited, a global pharmaceutical leader, has achieved a significant milestone in its specialty care expansion by partnering to commercialize YUVEZZI™, an ophthalmic product indicated for the treatment of presbyopia. VISUfarma B.V., a wholly owned subsidiary of Lupin, signed an Exclusive License Agreement with Visus Therapeutics, Inc., giving the rights to market and sell the drug across specific European territories.The agreement grants Visus Therapeutics exclusive rights to manage regulatory activities, commercialization, marketing, promotion, distribution, and sale of YUVEZZI™ (a carbachol and brimonidine tartrate...

Digitide Solutions Strengthens Leadership Bench with Strategic Appointments in Finance and Corporate Development Bengaluru, August 20, 2026: Digitide Solutions Limited, an AI-first digital transformation company, has announced two senior leadership appointments as part of its commitment to a profitability-led strategy. Harigovind Krishnasamy has been appointed Chief Financial Officer (Designate), and Suraj Prasad will transition into the role of Chief Strategy and Corporate Development Officer. These changes are set to reinforce Digitide's focus on disciplined capital allocation and generating sustainable value through strategic execution.Harigovind Krishnasamy will assume the office of Chief Financial Officer effective October 1...

Credent Connect N Care Limited Unveils Operational Scope and Financial Performance in Investor Presentation Credent Connect N Care Limited, a listed entity on the NSE Emerge Platform of the National Stock Exchange of India Limited, has presented an comprehensive overview of its integrated healthcare ecosystem, detailing its business operations, financial performance, and strategic roadmap. The company operates as a critical provider of last mile phlebotomy services across India for diagnostics, hospitals, and healthcare enterprises.The presentation highlighted Credent Connect N Care’s established presence in the industry and specialized focus on time-sensitive logistics within the medical diagnostic value chain. With over 14 years in...

Axiro Semiconductor Completes Acquisition of Tosil Systems, Making it a Wholly Owned Subsidiary CG Power and Industrial Solutions Limited has confirmed that its subsidiary, Axiro Semiconductor Private Limited, successfully completed the acquisition of all shares in Tosil Systems Private Limited. The transaction involves CG Power's subsidiary acquiring 100% of Tosil’s equity.Axiro Semiconductor Private Limited executed the purchase agreement for the entirety of Tosil Systems Private Limited (Tosil). The acquisition involved purchasing 5,00,000 equity shares of Tosil, which have a face value of Rs. 10/- each. The total consideration paid for this acquisition amounted to Rs. 16.44 Crores.Following the completion of the purchase, Axiro...

Sagardeep Alloys Limited Appoints New Auditors and CFO Resignation Confirmed Sagardeep Alloys Limited, during a Board meeting held on August 20, 2026, approved several key appointments concerning statutory audits. The company also received the resignation of its Chief Financial Officer (CFO).The management appointed M/s PNK & Co as the Secretarial Auditor and M/s Priyank Patel & Associates as the Cost Auditor for the coming financial year.M/s PNK & Co, a firm of Practicing Company Secretaries holding Peer Review Certificate No: 8139/2026, was appointed as the Secretarial Auditor from the Financial Year 2026-27 to 2030-31. The firm specializes in secretarial audits and corporate governance matters.For the Financial Year 2026-27...

Jayaswal Neco Industries Reports Sustainable Growth and ESG Progress for FY 2025-26 Jayaswal Neco Industries Limited (JNIL), an integrated manufacturer of iron and specialty steel products, has detailed its performance across environmental, social, and governance metrics in its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The company, which operates operations spanning captive mining, steelmaking, and precision castings, highlighted continued commitment to sustainable industrial growth while maintaining strong operational efficiencies.The BRSR provides a comprehensive look at JNIL’s scale of operations, its workforce management, and its adherence to environmental stewardship principles...

Urban Company and Unicommerce Expand Partnership to Power E-commerce Operations in UAE and Saudi Arabia Unicommerce, a leading AI-powered e-commerce enablement SaaS platform based in India, has expanded its partnership with Urban Company to support the company's growth across The Kingdom of Saudi Arabia and The United Arab Emirates. This collaboration aims to manage Urban Company's e-commerce operations within the fast-growing markets of the Middle East.As Urban Company expands its footprint in the region, it will utilize Unicommerce's flagship platform, Uniware, to handle inventory and fulfilment operations that support its athome service ecosystem. The integration is set to provide real-time visibility into inventory management and...

Aditya Birla Capital Enters Gold Loan Business, Plans Expansion of 1,000 Branches Over Three Years Aditya Birla Capital Limited (ABCL), a leading diversified financial services company in India, has announced its strategic entry into the Gold Loan business. This move marks an expansion of the NBFC's secured lending portfolio and aims to provide customers with a transparent, flexible, and collateral-backed credit solution that complements its existing retail and MSME lending franchise.The Company has outlined a phased rollout plan for the new vertical, intending to open 200 to 300 dedicated Gold Loan branches by March 2027 across high-potential markets. Over the next three years, ABCL's NBFC business aims to establish a network...

IVIS Secures Second Purchase Order from Capri Global Capital, Boosting BFSI Presence Magellanic Cloud Limited's wholly owned subsidiary, IVIS International Private Limited, has secured its second Purchase Order from Capri Global Capital Limited. The order pertains to the deployment of IVIS's Integrated E-Surveillance & Vault Operation Solution across additional sites on a pan-India basis.The repeat business engagement signifies continued confidence in IVIS's technology and nationwide deployment capabilities. This latest order expands the existing collaboration between the two companies, reinforcing IVIS’s presence within the banking and financial services institutions (BFSI) segment.Commenting on this milestone, Joseph Sudheer...

Larsen & Toubro Secures Large Order for Automated People Mover System at Dubai's Al Maktoum AirportMumbai: Larsen & Toubro Limited, through its Transportation Infrastructure business vertical, has secured a large contract in partnership with Japan's Mitsubishi Heavy Industries (MHI). The consortium is tasked with the design and construction of the Automated People Mover (APM) System for Phase 1 of Al Maktoum International Airport in Dubai.The project is being developed by Dubai Aviation City Corporation and executed through Dubai Aviation Engineering Projects. The APM system forms a vital part of the airport's multi-phase long-term expansion plan. Upon full development, Al Maktoum International Airport is anticipated to become the...

Glenmark Pharmaceuticals Secures U.S. FDA Approval for Fluticasone Propionate Nasal Spray Glenmark Pharmaceuticals Limited has received U.S. FDA approval for its Fluticasone Propionate Nasal Spray USP, 0.05 mg/spray. The product is bioequivalent and therapeutically equivalent to the reference drug, Flonase® Nasal Spray, 0.05 mg/spray of Haleon US Holdings LLC [NDA 020121].The approval positions Glenmark's spray for distribution in the U.S. by Glenmark Pharmaceuticals Inc., USA.According to IQVIA® sales data for the 12-month period ending June 2026, the market for Flonase® Nasal Spray achieved annual sales of approximately $295.2 million.The product details and market context are summarized below:ProductGlenmark's Equivalent...

Subsidiary Faces IRS Penalty Over Financial ReportingSamvardhana Motherson International Limited's subsidiary, Motherson Lumen North America Inc., has been penalized by the U.S. Internal Revenue Service (IRS) regarding financial transaction reporting for the financial year 2024. The penalty was imposed in relation to alleged non-reporting of transactions between related foreign parties using IRS Form 5472.The IRS levied a total penalty of USD 225,000, which is equivalent to INR 21.53 million, against Motherson Lumen North America Inc., an indirect wholly owned subsidiary of the company. The penalty order was received by MLNA on August 18, 2026, stemming from a decision dated August 10, 2026.The penalty originated from alleged...

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...