Markets

Strategic Investment Approval: General Atlantic Acquires Additional Stakes in Acko Technology, Boosting Insure-Tech Future Competition Commission Clears Acquisition by Global Investor New Delhi: The Competition Commission of India (CCI) has approved a proposed combination involving the acquisition of additional shareholding in Acko Technology & Services Private Limited. This move signifies a strategic entry point for General Atlantic Singapore ACK Pte. Ltd. into the burgeoning Indian Insure-tech sector.The approval relates to an acquisition made by the Acquirer, crossing the 25% threshold, through the Target's Rights Issue. The transaction involves General Atlantic, an investment holding company incorporated under Singaporean laws...

Magellanic Cloud Secures Orders Exceeding ₹111 Crore, Highlighting Strong Growth Momentum Magellanic Cloud Limited has demonstrated sustained business momentum by securing a series of significant orders across various sectors, totaling over ₹111.04 Crore in a short period. These wins have strengthened the company’s order pipeline and improved revenue visibility, driven by projects within Indian Railways divisions, BFSI institutions, Global Technology Giants, GAIL (India) Limited, PSU Banks, and DFCCIL.The consistent pace of orders underscores Magellanic Cloud's execution strength and expanding market opportunities across its technology, e-surveillance, and digital infrastructure businesses. The company anticipates leveraging this...

BikeWo and Evify Sign Strategic MoU to Develop AI-Led Logistics Technology Platform BikeWo Green Tech Limited and Evify Logitech Private Limited have signed a Memorandum of Understanding (MoU) focused on jointly developing an AI-led technology platform for electric logistics. The collaboration aims to combine various data sources, including Evify’s app-based logistics and rider data capabilities with hardware-enabled data acquisition technology proposed by BikeWo.The strategic partnership intends to leverage the resulting data layer, which incorporates processing and artificial intelligence capabilities, to build applications across fleet operations, route efficiency, rider and asset performance tracking, predictive insights, and...

Economic Offences Wing Confirms All Loans Repaid in Full as Investigations into Promoter Allegations Conclude Indiabulls Limited has provided an update confirming that all loans granted across five major corporate borrower groups have been fully repaid and closed. The status report, filed by the Economic Offences Wing (EOW) of Delhi Police, detailed findings regarding allegations concerning quid pro quo arrangements and fund diversion related to these transactions.The proceedings against the company's promoter originated from a Public Interest Litigation (PIL) filed in 2019 by the Citizens Whistle Blower Forum before the Delhi High Court. A Division Bench of the Hon'ble Delhi High Court dismissed the petition on February 2, 2024...

Oriana Power Secures EPC Contract from Cement Industry Player for 50 MW Solar Projects in Rajasthan Oriana Power Limited has secured an Engineering, Procurement and Commissioning (EPC) contract with a prominent player in the cement industry sector. The agreement covers the setup and development of solar power projects aggregating to 50 MW capacity within the State of Rajasthan.The contract outlines the services provided by Oriana Power, covering the complete lifecycle of the project, including construction, commissioning, and subsequent operation and maintenance. This opportunity positions Oriana Power in the renewable energy segment for this large-scale industrial client.The aggregate value of the EPC Contract stands at ₹214.80...

Mamata Machinery Files Patent Application in India for Die and Screw Design, Core to Recyclable Film Technology Mamata Machinery Limited, a prominent provider of flexible packaging machinery solutions, announced that it has filed a patent application with the Indian Patent Office (Intellectual Property India) regarding its Die and Screw design. This specific design constitutes the fundamental enabling technology behind RecTech, which is the Company's dedicated Recyclable Film Technology.The filing underscores Mamata’s commitment to developing breakthrough technologies such as RecTech. By securing the intellectual property that underpins these innovations, the move reinforces Mamata Machinery’s position as a technology-driven player...

Ceigall India and SIML Secure Multiple Highway Construction Contracts from MoRTH Ceigall India Limited (CIL), in partnership with Sushee Infra Mining Limited (SIML), has successfully secured four Letters of Acceptance (LOAs) for significant highway construction projects from the Ministry of Road Transport & Highways (MoRTH). These contracts, which are part of an overall bid process, aggregated to a total Bid Cost of Rs. 2149.62 Crores, according to the intimation released by CIL.CIL and SIML hold a joint venture structure for these projects, with Ceigall India Limited holding 74% and Sushee Infra Mining Limited (SIML) holding 26% of the stake. The contracts are designated as Engineering Procurement Construction (EPC) mode and involve...

MMP Industries Announces Book Closure for 53rd AGM and Dividend Entitlement MMP Industries Limited has announced specific timelines regarding the book closure for its upcoming Fifty Third Annual General Meeting (AGM) and the determination of dividend entitlement for shareholders. The company set these crucial dates to facilitate shareholder participation and the potential payment of a final dividend.The period during which the Register of Members, Share Transfer Books, Demat Records, and Register of Beneficiaries will remain closed is from Monday, September 7, 2026, through Saturday, September 12, 2026. This book closure applies to equity securities as it relates to the Fifty Third AGM of the company's shareholders, which includes...

Refex Industries Secures Rate Contract for Ash Transportation from Maharatna Company Refex Industries Limited (RIL) has secured a Slab-wise Rate Contract from a Central Public Sector Enterprise, specifically a Maharatna Company. The contract pertains to the transportation of ash material required for various government road construction projects across India.The rate contract involves extensive services related to ash management and delivery at designated sites. RIL will be responsible for the excavation and loading of pond ash from an ash dyke. This process includes specialized transportation using closed or covered vehicles, ensuring proper handling of spillage and fugitive-ash controls, before the material is unloaded at specified...

Trident Limited's ESG Rating Reaches 'Adequate' Following CRISIL Review Trident Limited has seen an upward revision in its ESG rating following a review conducted by CRISIL, which assessed the company's Environmental, Social, and Governance performance using publicly available information.CRISIL has updated Trident Limited’s overall ESG score to 58. This reflects a significant improvement of 4 points from its previous ESG score of 54, placing the company in the 'Adequate' rating category for ESG performance.In addition to the general ESG assessment, CRISIL assigned a Core ESG rating of 'CRISIL Core ESG 58,' which is based on the BRSR Core framework.The company stated that it did not engage CRISIL for this specific ESG Rating and...

Sangam (India) Limited Clarifies Promoter Group Status of Mrs. Krippie Soni<p>The company, Sangam (India) Limited, has issued a clarification regarding the categorization of Mrs. Krippie Soni in connection with a resolution passed at an Extra Ordinary General Meeting held on August 12, 2026.</p><p>According to the notice released by the company, the category ascribed to Mrs. Krippie Soni must be read as 'Promoter Group'. This is a modification from how she was previously categorized in the said resolution and explanatory statement related to item no. 1 of the Notice of the Extra Ordinary General Meeting.</p><p>This correction supersedes previous mentions found in conjunction with the First Corrigendum dated July 30, 2026, and the...

MTNL Ordered to Pay Financial Disincentive by TRAI Over Service Quality Standards for Wireline Access Mahanagar Telephone Nigam Limited (MTNL) has been ordered by the Telecom Regulatory Authority of India (TRAI) to pay a financial disincentive related to the contravention of quality service standards for its wireline access services. The penalty was imposed after MTNL failed to comply with specific regulations set forth in 2024.The TRAI order, dated August 17, 2026, directed MTNL to pay a financial disincentive amounting to Rs 12,00,000/- for contravening provisions of Regulation 4 and Regulation 10 of the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024...

IndusInd Bank Joins Partnership for Carbon Accounting Financials Commitments ESG Integration Mumbai: IndusInd Bank Limited has joined the global Partnership for Carbon Accounting Financials (PCAF), signifying a deepened commitment toward measuring and managing emissions associated with financial activities in support of a low-carbon economy.The decision marks a significant step in the Bank's sustainability journey, reflecting its dedication to integrating environmental, social, and governance ESG considerations into its business strategy and risk management processes. By participating in PCAF, IndusInd aims to enhance transparency and establish a robust framework for measuring and managing the carbon footprint linked to its lending...

Silgo Retail Limited Extends Inter-Corporate Deposit Tenure with Ashika Credit Capital Silgo Retail Limited has announced a further extension of its existing Inter-Corporate Deposit (ICD) amounting to ₹15,00,00,000/- (Rupees Fifteen Crore Only). The facility was availed from Ashika Credit Capital Limited.The Company confirmed the extension for an additional 90 days, following mutually agreed terms and conditions. This represents a continuation of the financial arrangement originally established under the Inter-Corporate Deposit Agreement dated February 07, 2026.Silgo Retail Limited stated that this is a subsequent extension to the ICD tenure, which had previously been extended by another period of 90 days. The current extension has...

JSW Dulux's Appeal on Central Excise Duty Set Aside by CESTAT, Demand AnnulledJSW Dulux Limited (Formerly Akzo Nobel India Ltd.) has received a Final Order from the CESTAT Department regarding pending litigation concerning a Central Excise duty demand. The decision in favor of the company sets aside the entire demand amounting to Rs 32,41,768, resulting in no further liability arising from the order.The dispute originated when the CESTAT Department initially proposed a Central Excise duty demand of Rs 1.59 crore, along with applicable interest and penalty. This was based on the difference between sales reported by the company in its P&L and ER-1 returns.Following adjudication, the amount sought was reduced but still resulted in...

Ceigall India Secures ₹2,149.62 Crore MoRTH Contracts for NH-913 Development in Arunachal Pradesh Ceigall India Limited (CIL), through its joint venture with Sushee Infra Mining Limited (SIML), has been awarded four Letters of Acceptance (LOAs) by the Ministry of Road Transport & Highways (MoRTH). These contracts involve the construction and development of road packages along NH-913, known as the Frontier Highway in Arunachal Pradesh. The four projects have an aggregate bid cost totaling ₹2,149.62 crore.The joint venture between Ceigall India Limited and Sushee Infra Mining Limited comprises a 74% stake held by CIL and a 26% stake held by SIML. All contracts are awarded on an Engineering, Procurement, and Construction (EPC) basis...

Magellanic Cloud Secures ₹8.90 Crore Contract from DFCCIL for Five-Year CCTV Surveillance Project Magellanic Cloud Limited, through its wholly owned subsidiary Provigil Surveillance Limited, has secured a significant contract with the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). The Letter of Acceptance (LOA) covers a five-year engagement for an IP-based CCTV Surveillance Supply, Installation, Testing, Commissioning and Operations & Maintenance (SITC and O&M) project.The contract, valued at ₹8.90 crore (Rupees Eight Crore Ninety Lakh Only), involves the surveillance of the New Palanpur -New Gothangam section of the Western Dedicated Freight Corridor (WDFC). This critical infrastructure deployment focuses on...

Beta Drugs Limited Approves Allotment of Bonus Equity Shares from CCD Conversion Beta Drugs Limited announced a key operational update following a meeting of its Board of Directors on August 18, 2026. The Board approved the allotment of bonus equity shares resulting from the conversion of Compulsorily Convertible Debentures (CCDs) into equity shares.The decision detailed that 35,383 Bonus Equity Shares were allotted to the holders of the CCDs. Each share has a face value of INR 10. This transaction marks the culmination of the conversion process from debentures into common equity within the company structure.BETA Stock Price Movement Beta Drugs Limited shares are shedding 2.79% as of 2:27 PM today, trading at ₹2365 amidst the active...

Vadilal Industries Sets Record Date for Final Dividend Payout of FY 2025-26 Vadilal Industries Limited has announced the crucial dates related to the payment of the final dividend for the financial year 2025-26. The company fixed Thursday, September 03, 2026, as the Record Date for determining the entitlement of members who will receive the dividend.According to the announcement, shareholders whose names are reflected in the books as Beneficial Owners at the close of business hours on September 03, 2026, will be entitled to the final dividend payment.Following the Record Date, the Register of Members and Share Transfer Books of Vadilal Industries Limited will remain closed for a period starting September 04, 2026, and concluding on...

Sarthak Metals Revises Q1 Financials for Quarter Ended June 30, 2026 Sarthak Metals Limited has released revised financial results for the quarter ending June 30, 2026. The company confirmed that the revision addressed an inadvertent error in the reporting of cost items within the unaudited statements, although there were no material changes to the final profit before and after tax figures.The unaudited financial reports were reviewed by the Audit Committee and approved by the Board of Directors on August 13, 2026.Financial Performance Summary (Q1 FY27) The company’s Statement of Profit and Loss reflects a total income of 5660.51 Lakhs for the quarter ended June 30, 2026. This includes Revenue from Operations totaling 5521.23 Lakhs...