Markets

Director and KMP Resign from Expleo Solutions Limited Due to Personal Reasons Expleo Solutions Limited announced that Mr. Rizwan Shaikhmohammed, who held the positions of Director - Sales, USA, Key Managerial Personnel (KMP), and Senior Management Personnel (SMP) at the company, has tendered his resignation due to personal reasons. The company accepted the resignation, and Mr. Shaikhmohammed is set to be relieved from his duties effective from the close of business hours on August 31, 2026.The departure relates solely to personal reasons, with no other material factors contributing to the decision.Details regarding this change in personnel are as follows:PositionResigned PersonEffective Date of CessationReason for Change...

Arkade Developers Adds Four Redevelopment Projects in Western Mumbai, Targeting ₹5000 Crore Turnover Mumbai, August 19, 2026: Arkade Developers Limited, a prominent luxury real estate developer based in Mumbai, has significantly expanded its developmental pipeline by adding four new redevelopment projects across key micro-markets in the western suburbs. These additions aim to strengthen the company’s presence within Western Mumbai.The newly added cluster of projects spans approximately 45,204 sq. m. (11.17 acres), located across Malad West, Kandivali West, Kandivali East, and Borivali West. Collectively, these developments feature a projected saleable carpet area of approximately 15 lakh sq. ft., translating to an aggregated projected...

Rajgor Castor Derivatives Launches Rights Issue, Offering 2.39 Million Equity Shares at Rs 10 Rajgor Castor Derivatives Limited (RCDL) has announced a proposed Rights Issue of up to 2,39,15,852 fully paid-up equity shares of the company. The issue is being conducted on a rights basis and provides existing eligible shareholders with an opportunity to subscribe to the securities at an issue price of Rs 10/- per share.The total aggregate size of the proposed Rights Issue stands at up to Rs 23,91,58,520/-, representing 2,39,15,852 equity shares with a face value of Rs 10/- each. The issue is available in the ratio of 1 Rights Equity Share for every 1 Fully Paid-up Equity Share held by eligible shareholders as on the Record Date, which is...

Ice Make Refrigeration Limited Undertakes Not To Reallocate Unutilized Excess Galileo Subscription AmountIce Make Refrigeration Limited has issued a clarification concerning the utilization of the Galileo Subscription Amount, following its Extra-Ordinary General Meeting (EGM) Notice held on August 19, 2026.The company has confirmed an undertaking regarding the management of any excess Galileo Subscription Amount that remains unutilized after the meeting.In this undertaking, Ice Make Refrigeration Limited stated it shall not reallocate any such unutilized excess Galileo Subscription Amount—which was earmarked for a specific purpose—to general Corporate Purposes. This commitment pertains to point no. (i) detailed on page 24 of the...

India Ratings & Research Upgrades Allied Blenders' Banking Facilities Rating by Two Notches Allied Blenders and Distillers Limited (ABD), a major player in India's spirits industry, has seen the rating of its bank facilities upgraded by India Ratings & Research (Ind-Ra). The company was awarded an upgrade from 'IND A' to 'IND AA-' with a Stable Outlook.The rating action reflects ABD's continued growth trajectory and strong market standing within the International Spirits (IMFL) sector, according to Ind-Ra. The upgrade specifically addresses the company's improved profitability resulting from its premiumization strategy.According to India Ratings & Research, the improved sales mix driven by premiumization is expected to enhance gross...

TechEra Engineering Secures Commercial Order valued at Rs 59,91,744 for Aircraft Sub-assembly Tooling TechEra Engineering (India) Limited has received a commercial order from a private entity. The contract involves providing services related to Aircraft Sub-assembly Tooling, with a total value of Rs 59,91,744.00 (excluding GST).The order details confirm the nature of the business engagement and its scope. The transaction is categorized as a Commercial Order originating from a domestic entity. This contract is scheduled for execution within a timeframe of three months.Key details pertaining to this commercial order are summarized below:CategoryDetailCustomer NameA Private EntityPO Value (Excluding GST)Rs 59,91,744.00...

Promoter Acquires 30,000 Equity Shares of Kilburn Engineering Ltd in Open Market Purchase Firstview Trading Private Limited, a promoter entity, has acquired an additional 30,000 equity shares of Kilburn Engineering Limited through an open market purchase. The transaction took place on August 18, 2026.The acquisition details reflect a purchase value of Rs 1,07,45,388 for the 30,000 equity shares. This purchase brought the promoter's holding to 1,64,43,600 shares, representing 29.36% of the company's equity share capital.The details of the open market purchase transaction are summarized in the table below:MetricDetailCompanyKilburn Engineering LimitedAcquiring EntityFirstview Trading Private Limited (Promoter)Transaction...

Ceigall India Ltd Secures Major EPC Contract for Frontier Highway Road Construction Ceigall India Limited, in partnership with Rajinder Infrastructure Private Limited (RIPL), has received a Letter of Acceptance (LOA) from the Ministry of Road Transport & Highways (MoRTH). The LOA pertains to the construction of a section of National Highway 913 (NH-913), designated as the Frontier Highway.Ceigall India Ltd and RIPL hold a 70:30 share in the joint venture undertaking this project. The contract involves the Engineering Procurement Construction (EPC) mode for constructing a road stretch from km 17.812 to km 55.377 (Package-2) of the Bile Migging section (km 0.00 at Migging end) in Arunachal Pradesh state.The project details, awarded by...

EKI Energy Services Registers First Verra Plastic Waste Reduction Project in Bangladesh, Expands Global Portfolio EKI Energy Services Limited, a leading global Carbon Credit Developer and Supplier, has announced the successful registration of its Plastic Waste Reduction Project in Bangladesh, Phase I, with Verra. This achievement marks the first registered plastic waste reduction project in Bangladesh, signaling a strategic expansion of EKI's solutions across international markets.The initiative is registered under Verra’s Plastic Waste Reduction Standard, establishing a critical move for EKI as it reinforces its portfolio focused on plastic waste recovery, recycling, and circular economy solutions. This successful registration...

Exicom Tele-Systems Launches Liquid-Cooled Power Modules for EV Chargers Exicom Tele-Systems Limited announced the launch of its new product, Liquid-Cooled Power Modules for EV Chargers, marking a move into the power electronics sector. The introduction of this specialized technology aims to cater to both domestic and international markets.The company confirmed that the Liquid-Cooled Power Modules are designed for use by the electric vehicle charging industry. This launch occurred on August 19, 2026.The product details highlight its strategic positioning within the power electronics landscape. The modules are designated for the International Market, and specifically, Exicom Tele-Systems has launched them in India.Key details of...

Dynamic Services secures contract worth Rs 4,17,84,480 from West Bengal Medical Services Corporation Ltd Dynamic Services & Security Limited has secured a facility management service order from the West Bengal Medical Services Corporation Ltd. The contract involves providing specialized services at two mental hospitals for a period spanning October 2026 to March 2027.The agreement, which is designated as a domestic contract, entails offering Facility Management Services across two mental hospitals operated by the corporation. The total consideration for this order stands at Rs 4,17,84,480.Key details of the contract awarded to Dynamic Services & Security Limited are summarized below:DetailInformationEntity Awarding OrderWEST...

L&T Technology Services Secures Landmark $75 Million Deal in Strategic Global Partnership L&T Technology Services Ltd (LTTS) has secured a significant international engagement, valued at over $75 million, from a leading global technology enterprise. The contract represents a five-year agreement, underscoring LTTS's capabilities in advanced engineering and digital transformation for major international clientele.Under the agreement, LTTS will deploy its Engineering Intelligence (EI) solutions across the entire product development and engineering lifecycle of the client. This engagement is designed to help accelerate the creation and scaling of next-generation solutions for the technology enterprise’s global portfolio.In addition to...

Prudential Corporation Holdings Greenlights Acquisition of Equity in Bharti Life Insurance, Bolstering Asian Financial Reach The Competition Commission of India (CCI) has formally approved the proposed acquisition of certain equity shareholding in Bharti Life Insurance Company Limited by Prudential Corporation Holdings Limited. This regulatory clearance marks a significant milestone in the financial sector, underscoring the increasing scale and consolidation within the Indian insurance market.CCI Approves Strategic Acquisition Deal The approval confirms that the Proposed Combination adheres to Fair Competition principles as monitored by the Commission. The acquisition involves Prudential Corporation Holdings Limited acquiring a stake...

IDFC First Bank Completes Maiden US$ 500 Million Senior Notes Issuance in International Debt Markets IDFC FIRST Bank Limited has successfully priced and issued US$ 500 Million worth of Senior Notes, marking its maiden entry into international debt capital markets. The transaction was completed on August 18, 2026, through the bank's IFSC Banking Unit.The issuance supports the Bank’s strategy to diversify its funding profile and expand access to global sources of capital. The transaction witnessed strong participation from a diversified base of global institutional investors, reflecting confidence in the Bank's business model and growth strategy.Details of the US$ 500 Million Senior Notes—which are denominated in USD and were issued...

Tata Steel Bolsters Logistics Dominance as CCI Approves Acquisition of IQ Martrade Stake in TMILL The Competition Commission of India (CCI) has granted approval for a significant corporate restructuring concerning TM International Logistics Limited (TMILL). The decision allows Tata Steel Ltd. to acquire the entire equity shareholding held by one of the existing joint venture partners, IQ Martrade Holding GmbH.This acquisition marks a strategic consolidation within the logistics sector. Through this combination, IQ Martrade will cease its association with TMILL. Following the completion of the deal, Tata Steel and NYK (Europe) B.V. will collectively hold a combined 100% stake in the company.Redrawing the Partnership Structure in...

Naman Industries Proxima Approves Up To ₹16 Crore Capital Investment for Major Manufacturing Expansion Naman Industries Proxima Limited has announced that its Board of Directors approved a significant capital investment totaling up to ₹16 Crores. This investment is dedicated to expanding manufacturing capacity and establishing new facilities, bolstering the company's operational footprint both in Maharashtra and South India. The approval was formalized via a resolution passed by the Board on August 18, 2026.The capital allocation covers two distinct projects: the conversion of an existing warehouse into manufacturing facilities at Kaman, Maharashtra, and the establishment of a new manufacturing plant in Bengaluru, Karnataka. These...

Manoneet Dalal Appointed as Non-Official Director on Board of Indian Renewable Energy Development Agency Indian Renewable Energy Development Agency Limited (IREDA) has appointed Shri Manoneet Dalal as a Non-Official Director (Independent Director) on its Board. The appointment was formalized following an order conveyed by the Ministry of New and Renewable Energy on August 18, 2026.The appointment covers a term of three years, effective from August 18, 2026, or until such time as further orders are issued.Shri Manoneet Dalal brings extensive experience to the role. He is recognized as a legal and financial professional with over 20 years of experience across taxation, financial consulting, legal advisory, public administration, and...

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...