Markets

Bharat Coking Coal Limited Halts Blasting Operations at Akashkinaree Colliery Following Land Subsidence Bharat Coking Coal Limited (BCCL) has suspended controlled deep-hole blasting operations at its New Akashkinaree Colliery (NAKC) in Govindpur Area. The decision comes after the Directorate General of Mines Safety (DGMS) withdrew permission for such activities, directing that blasting cannot be resumed without fresh, express written consent from DGMS.The mining operations have been halted as part of a broader directive compliance effort. BCCL must adhere to instructions issued by the Deputy Commissioner cum Chairman of the District Disaster Management Authority in Dhanbad. This mandate required the stoppage of both blasting and...

CEAT Limited Faces Temporary Suspension of Methanol Procurement License from Maharashtra Food and Drug Administration CEAT Limited has received an order for the temporary suspension of its license to procure Methanol from the Food and Drug Administration, Maharashtra. The directive relates to alleged violations under the Maharashtra Poisons Rules, 1972.The Food and Drug Administration, Maharashtra issued the order regarding the procurement license. This temporary suspension is scheduled for the period between September 1, 2026, and September 15, 2026. The directive concerns alleged violations under Rules 9 and 11, along with license conditions related to competent person norms.The communication detailing this action was received by...

Indian Bank Raises USD 400 Million in Long Term Funding via GIFT City Branch Indian Bank has successfully raised long term USD funds totaling USD 400 Million through its GIFT City Branch. The financing arrangement was completed on August 18, 2026, providing a significant infusion of capital for the bank’s operations.The funding facility details indicate that the agreement and value date were both set for August 18, 2026. The secured long term funds carry a tenor of four years.Key financial details regarding the facility are summarized below:Date of Facility AgreementValue DateAmountTenor18.08.202618.08.2026USD 400 Million4 yearsThis successful fundraising activity by Indian Bank leverages the opportunities within the GIFT...

Exicom Becomes First in India to Manufacture Liquid-Cooled Power Modules for EV Chargers Exicom Tele-Systems Limited, a prominent player in India's electric vehicle (EV) charging and Critical Power sectors, has announced that it has begun manufacturing advanced liquid-cooled AC and DC power modules at its Hyderabad Smart Manufacturing Facility. This milestone positions the company as the first in India to produce this class of highly specialized liquid-cooled power electronics intended for global markets, significantly boosting Exicom's strategic goal to establish India as a base for technology-forward manufacturing.The introduction of these advanced modules addresses a critical component of EV charging infrastructure: thermal...

Department of Telecommunications Orders Partial Encashment of Bank Guarantees from SBI and BoB Against Reliance Communications Limited The Department of Telecommunications (DoT), Government of India, has ordered the partial encashment of Financial Bank Guarantees (FBGs) furnished by banks on behalf of Reliance Communications Limited (RCOM) and its subsidiary, Reliance Telecom Limited (RTL). The actions stem from defaulted outstanding License Fee dues pertaining to various financial years.According to communications received from DoT on August 18, 2026, the encashment pertains to obligations under relevant License Agreements for both entities.RCOM and State Bank of India Guarantee Regarding Reliance Communications Limited (RCOM), the...

APL Apollo Tubes Sets AGM Date and Establishes Record Date for Final DividendAPL Apollo Tubes Limited has announced the schedule for its 41st Annual General Meeting (AGM) and set a crucial record date regarding the potential payment of a final dividend for the Financial Year 2025-26.The Company's 41st AGM is scheduled to be held on Tuesday, September 15, 2026. The meeting will be conducted through Video conferencing (VC)/Other Audio Visual Means (OAVM), following guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.Earlier, at a meeting held on Saturday, May 2, 2026, the Board of Directors had recommended a final dividend amounting to ₹8.50 per equity share. This recommendation is...

Paisalo Digital Taps LoanKhata in Proposed ₹1,000 Crore Co-Lending Partnership to Fuel Growth Strategy New Delhi, August 19, 2026: Paisalo Digital Limited, a lending platform focusing on providing formal credit access to micro-enterprises and MSMEs across India, announced it has entered into a Memorandum of Understanding (MoU) with LoanKhata for a proposed co-lending partnership. This collaboration is designed to accelerate Paisalo's expansion plans by leveraging complementary distribution networks.The proposed co-lending facility stands up to ₹1,000 crore. Under the intended structure, Paisalo would fund 80% of each eligible loan, with LoanKhata funding the remaining 20%. The partnership is specifically aimed at expanding financing...

Pritika Engineering Components Approves Massive Capital Infusion Through Preferential Allotment and Loan Conversion Pritika Engineering Components Limited announced significant outcomes from its Board of Directors meeting held on August 19, 2026, approving multiple preferential allotment issues, including the conversion of unsecured loans into equity shares for the promoter group.The board approved the issuance of up to 50 lakh Equity Shares to the Promoter/Promoter Group, totaling Rs 32 crore. This issue pertains to the conversion of an outstanding unsecured loan into equity shares. The terms stipulate a face value of Rs 5/- per share and were set at an Issue Price of Rs 64/- each (including a premium of Rs 59/-).The proposed...

Indegene Reports Material Update as Subsidiary Litigation Nears Definitive Settlement Indegene Limited has provided an update on the ongoing class action lawsuit against its wholly-owned overseas subsidiary, Indegene, Inc., regarding alleged violations of the U.S. Telephone Consumer Protection Act, 1991 (TCPA). The matter, pending before the U.S. District Court in the District of New Jersey, has progressed significantly as parties concluded negotiations on a definitive settlement agreement.The lawsuit, Progressive Health and Rehab Corp. v. Indegene, Inc. et al., relates to alleged TCPA violations concerning certain fax communications executed in February 2020. Following the court's certification of the class in July 2025 and the...

Utkarsh Small Finance Bank to Undertake Core Banking System Migration; Services Unavailability Scheduled Utkarsh Small Finance Bank Limited is undergoing a significant technology transformation and modernization initiative, which includes migrating its entire banking infrastructure to a new Core Banking System. This planned migration requires temporary service downtime as the bank moves toward enhancing its customer experience.The bank has scheduled the comprehensive system migration from August 21, 2026 (10:00 P.M.) until August 24, 2026 (06:00 A.M.). During this period of planned downtime, all banking services offered by Utkarsh Small Finance Bank will be unavailable to customers.To ensure a smooth and seamless transition, the...

Virtual Galaxy Infotech Limited Secures Order for Core Banking Solution Upgrade from Mizoram Cooperative Apex Bank Virtual Galaxy Infotech Limited has received a Purchase Order worth approximately ₹5.45 crore from its existing client, Mizoram Cooperative Apex Bank Ltd., for the upgradation of its Core Banking Solution (CBS) on an Application Service Provider (ASP) model. The contract, dated August 18, 2026, covers both the Head Office and 36 branches of the Scheduled Bank, including services related to Internet Banking and Mobile Application for Corporate and Retail clients.The order confirms Virtual Galaxy Infotech’s ongoing business relationship with Mizoram Apex Bank Ltd., a service which the company has provided since 2012. The...

A B Cotspin India Ltd Secures Domestic Order Worth Approximately ₹10.17 Crore for Cotton Yarn Supply A B Cotspin India Limited, a established textile manufacturer with over 25 years of industry experience, has announced that it received domestic orders aggregating to approximately ₹10.17 crore for the supply of Cotton Yarn.The orders were secured on August 18, 2026, and are scheduled for execution within a period of two to three months.The contract relates to the supply of cotton yarn by A B Cotspin India Limited to a domestic entity. This new order is expected to strengthen the company's order book and provide enhanced business visibility for the coming quarters, reinforcing its position in the cotton yarn segment.Operational...

Pitti Engineering Sets September 11 as Record Date for Final Dividend Payment and AGM Pitti Engineering Limited, formerly known as Pitti Laminations Limited, has announced the record date necessary for the payment of its final dividend, along with details regarding the company’s upcoming Annual General Meeting (AGM).The record date designated for equity shareholders is Friday, September 11, 2026. This date is specifically set to facilitate both the distribution of the final dividend and the conduct of the company’s 42nd Annual General Meeting.The 42nd Annual General Meeting (AGM) has been scheduled for Friday, September 18, 2026. The meeting will commence at 4:00 P.M (IST) and will be held through Video Conferencing (VC) or Other...

Awfis and Zinnov launch report charting how India GCCs are redefining work, workforce, and workspace Awfis Space Solutions Ltd., in partnership with global management consulting firm Zinnov, has released a comprehensive report titled "The Great Workplace Reset: How India GCCs are Redefining Work, Workforce, and Workspace." The research details the transition of India’s Global Capability Centers (GCCs) from mere execution hubs to strategic ownership centers, illustrating how this shift is fundamentally altering hiring strategies, skilling needs, and real estate decisions across the ecosystem.The report highlights the massive scale of the Indian GCC market. Currently, India hosts 2,117 GCCs operating 3,728 units nationwide. These...

ITI Limited Announces RFP for E-Auction of 44 Acres Land Parcel in Bengaluru ITI Limited, a Government of India Undertaking, has initiated the process for the e-auction of a significant land parcel located in Krishnarajapuram, Bengaluru, Karnataka. The auction is being conducted through National Land Monetization Corporation (NLMC).The request for proposal (RFP) details the sale of the land, with NLMC acting on behalf of ITI Limited to facilitate the transaction.According to the announced details, the available land parcel spans 44.03 acres. The reserve price set for this e-auction is ₹1685.40 Crores.Interested parties seeking comprehensive information regarding the sale are directed to visit the ITI Official Website. Further...

Ceigall India Approves Security and Further Investment in Project SPV for Greenfield Highway DevelopmentCeigall India Limited has approved the creation of security related to a Rupee Term Loan facility and committed further investment into the Project Special Purpose Vehicle (SPV). This decision was made by the Management Committee of the Board of Directors at its meeting held on August 19, 2026.The approvals cover two major areas: creating security for the sanctioned Term Loan facility provided to Ceigall Indore Ujjain Greenfield Highway Limited—a subsidiary and the designated Project SPV—to finance the project; and providing additional funds through equity share capital and necessary loans or guarantees as required by the funding...

Vinny Overseas Limited Receives Custom Notice Over Alleged Mis-declaration of Imported Goods Vinny Overseas Limited has received a Customs Notice from the Commissioner of Customs at the Custom House, Mundra port in Kutch, Gujarat. The notice pertains to allegations regarding imported goods and potential violations under sections of the Customs Act, 1962.The company confirmed receipt of the notification on August 18, 2026. The action was initiated by the Commissioner of Customs, Office of the principal commissioner of customs, custom house, Mundra port, Kutch.The notice addresses a Gujarat Nature matter and involves allegations concerning imported Transfer/Sublimation Paper. It is alleged that wilful mis-declaration and...

Mahamaya Steel Industries Limited to Hold Board Meeting to Finalize 38th Annual General Meeting Details Mahamaya Steel Industries Limited announced that its Board of Directors will convene a meeting on Saturday, August 22, 2026. The meeting is scheduled for 11:00 AM at the company's Registered Office located in Raipur, Chhattisgarh.The primary focus of the board session is to address crucial preparatory matters for the upcoming financial year. Two key items are scheduled for deliberation during the meeting.The agenda includes deciding on the specific day and date for the 38th Annual General Meeting (AGM) for the financial year ending in 2025-26. Furthermore, the board is set to appoint a Scrutinizer who will conduct the e-voting...

Mahamaya Steel Industries Limited Board Meeting Scheduled to Discuss Annual General Meeting and E-voting Scrutinizer Appointment Mahamaya Steel Industries Limited has announced a meeting of its Board of Directors, scheduled for Saturday, August 22, 2026. The meeting will be held at the company's Registered Office in Raipur, Chhattisgarh.The Board meeting is designated to consider and discuss key items related to the financial year ended 2025-26 and future corporate planning.Among the primary agenda points for the gathering is the decision regarding the day and date of the 38th Annual General Meeting (AGM) for the financial year 2025-26. The company's operations also involve supplying various products, including JOIST, CHANNEL...

Wheels India Limited Board Approves Preferential Issue of Equity Shares, Enhances Fund Raising Limit Wheels India Limited announced that its Board of Directors approved the issuance of equity shares via a preferential issue on a private placement basis and also sanctioned an enhancement proposal for its fundraising limits. The decisions were made during a board meeting held on August 19, 2026.The Board approved the offer for up to 1,269,391 equity shares to be issued at an issue price of INR 1,418 per share. These shares have a face value of Rs. 10 and include a premium of Rs. 1,408 per Equity Share. The total cash consideration for this Preferential Issue is up to Rs. 180 crores.The proposed allottees set out in the company's...