Markets

United Breweries Limited To Close Ludhiana Brewery Unit by June 30, 2026 United Breweries Limited announced that it has decided to close its brewery unit located at C/60, Focal Point, Ludhiana - 141010, Punjab. The cessation of operations at the Ludhiana Brewery is scheduled to be effective June 30, 2026.The company confirmed that, despite the closure of this facility, it has entered into a long-term capacity lease agreement with a Contract Brewing Unit. This arrangement is set to secure the supply of the company's beer in the State of Punjab and neighboring states, including Delhi. United Breweries Limited stated that this long-term lease agreement will be pivotal in meeting future demand efficiently and sustainably through enhanced...

Tejas Cargo India Attributes Share Price Movement to Market Conditions Tejas Cargo India Limited confirmed on May 18, 2026, that significant movements in its share price, associated with the SCRIP symbol TEJASCARGO and ISIN INE17WC01013, are purely market driven and attributable to general market conditions.In a statement addressing market queries, the company affirmed that there are currently no pending material events or information exceptional in nature that could bear on the company’s performance or operations. Furthermore, Tejas Cargo India stated that it has no price sensitive information that is reportable.The clarification confirmed that the firm continues to operate without any undisclosed material developments that impact...

Info Edge to Invest Rs. 30 Crores in Wholly-Owned Subsidiary, Startup Investments (Holding) Limited Info Edge (India) Limited has announced an investment of about Rs. 30 Crores in Startup Investments (Holding) Limited (SIHL), a wholly-owned subsidiary of the company. The investment was approved during a meeting of the Committee of Executive Directors on May 18, 2026.The capital infusion aims to support SIHL's exploration of investment opportunities, including contributions to Alternative Investment Funds (AIFs) and other general purposes.Transaction and Entity Details SIHL, which is engaged mainly in direct or indirect investments in technology companies and related activities, was incorporated on March 4, 2015, and operates in...

Hindustan Oil Exploration Company Announces Conciliation of Disputes Over Crude Oil Supply to HPCL Hindustan Oil Exploration Company Limited announced an update regarding the supply of crude oil from the B-80 field to Hindustan Petroleum Corporation Limited (HPCL). The company reported that the parties involved have reached an agreement to resolve the disputes arising from the transaction.As part of this resolution, the parties have agreed to refer the disputes for conciliation before a reputed former Chief Justice of High Court.The company confirmed that, pursuant to this agreed arrangement, the original invoice that had been raised by the company on HPCL has been cancelled. Following the cancellation, Hindustan Oil Exploration...

CSB Bank Approves Grant of 5,90,469 Stock Options Under Employee Scheme CSB Bank Limited announced that its Nomination and Remuneration Committee (NRC), during a meeting held on May 18, 2026, approved the grant of stock options to its eligible employees under the CSB Employee Stock Option Scheme 2019.The NRC approved the grant of 5,90,469 stock options. These options are exercisable into not more than 5,90,469 equity shares of the Bank, each having a face value of Rs. 10/-, fully paid up. The designated exercise price for the options is Rs. 358.65 per equity share.The scheme, which was previously formulated and approved by the Shareholders of the Bank under the SEBI (Share Based Employee Benefits) Regulations, 2014, continues to...

Pace Digitek Secures ₹7,099 Million BESS EPC and Long-Term O&M Contract from NLC India Renewables Bengaluru, May 18, 2026 : Pace Digitek Limited, an integrated provider of energy solutions and telecom infrastructure, has secured a Battery Energy Storage System (BESS) EPC and long-term Operations & Maintenance (O&M) contract from NLC India Renewables Limited. The agreement involves the implementation of a 250 MW / 500 MWh BESS project across multiple locations in Tamil Nadu.The total contract value stands at ₹7,099 million, which includes GST. The scope of work encompasses complete Engineering, Procurement, and Construction (EPC) execution, excluding the supply of power transformers, alongside 12 years of comprehensive Operations &...

C2C Advanced Systems Launches AI-Assisted Maritime Security Platform in European Defence Consortium C2C Advanced Systems Limited has successfully launched Coastguard X, an integrated AI-assisted maritime security ecosystem, as part of an international defence consortium. The debut occurred at the Black Sea Defense, Aerospace and Security Exhibition (BSDA) 2026, held in Bucharest, Romania.The Company’s platform leverages its indigenous MAGI-C5ISR architecture, which functions as the crucial intelligence and command layer for the new security system.Entry into the European Defence Ecosystem This launch marks a significant structural shift for C2C Advanced Systems Limited, positioning the Company within the European defence ecosystem...

Independent Director Mr. Shrikrishna K. Adivarekar Completes Second Term at Kalyani Steels Kalyani Steels Limited confirmed the completion of the second term of office for Mr. Shrikrishna K. Adivarekar as an Independent Director. Mr. Adivarekar formally ceased to be a Director of the Company effective May 18, 2026.The conclusion of his tenure followed the completion of his second term of office on May 17, 2026.The company noted that Mr. Adivarekar had been re-appointed for this second term of three (five) consecutive years. This re-appointment was approved by the members at the Forty-Ninth Annual General Meeting, which was held on August 1, 2022. The term covered the period from May 18, 2023, through to May 17, 2026.The details...

Kellton Tech Solutions Launches Phoenix.AI to Modernize Enterprise Legacy Systems, Claiming 80% Speed Increase Kellton Tech Solutions Limited has launched Phoenix.AI, an agentic platform designed to redefine how large enterprises modernize their legacy systems. The technology aims to re-engineer monolithic estates into cloud-native microservices, accelerating complex, multiyear transformation programs by up to 80% while reducing associated costs by up to 50%.Built on frontier AI capabilities, Phoenix.AI operates through a continuously running, agentic transformation framework. This platform automates the entire end-to-end lifecycle of enterprise code modernization. The process covers everything from initial analysis and decomposition...

Strides Pharma Science Limited Updates Timing for Earnings Call on Financial Results Strides Pharma Science Limited has announced an updated schedule for its upcoming earnings call, intended for investors and analysts. The call is scheduled for May 18, 2026, and will discuss the audited financial results of the company for the quarter and financial year ended March 31, 2026.The update corrects the previously communicated US time for the event. According to the company, the US time for the earnings call will be 7:30 AM EDT, changing from the initial communication of 6:30 AM EST.The updated timing for the Earnings Call scheduled for May 18, 2026, is detailed as follows:Time ZoneScheduled TimeIST5:00 PMGMT11:30 AMEDT7:30...

Tata Power and Druk Green Power Corporation Sign MoU to Build Skill Ecosystem for 5,000 MW Clean Energy Capacity Tata Power Company Limited, one of India's largest integrated power utilities, and Druk Green Power Corporation Limited (DGPC), the sole power generation utility of Bhutan, signed a Memorandum of Understanding (MoU) in Thimphu, Bhutan. The agreement aims to establish a comprehensive skill development ecosystem, supporting the joint development of clean energy projects valued at 5,000 MW.The MoU lays the foundation for a structured training framework designed to build a future-ready workforce. The signing ceremony was attended by the Hon'ble Prime Minister of Bhutan, Lyonchhen Tshering Tobgay. The agreement was formally...

HDFC Asset Management Addresses Cybersecurity Incident Following Claimed IT Breach HDFC Asset Management Company Limited confirmed that it experienced a cybersecurity incident on May 16, 2026. The company addressed a communication from an anonymous source claiming unauthorized access to certain portions of its IT infrastructure.Upon receiving the communication, HDFC Asset Management Company Limited immediately activated necessary protocols for containment and incident response. The firm has since engaged a specialist firm to thoroughly assess the potential impact of the alleged breach.According to initial assessments, the company stated that the cybersecurity incident is unlikely to affect the continuity of its business and...

Paytm Launches Pocket Money, Bringing UPI Payments Access to Teenagers Paytm (One 97 Communications Limited), India's full stack merchant payments leader, has launched Paytm Pocket Money. The service aims to provide teenagers with the capability to make everyday Paytm UPI payments without requiring their own bank account, while simultaneously offering parents and trusted family members controlled spending access and real-time visibility.The introduction of Paytm Pocket Money addresses the growing need for digital payment methods among school and college students who frequently make transactions at canteens, metro stations, cab services, and for mobile recharges. Previously, these payments often relied on cash or direct assistance from...

Hindustan Oil Exploration Company Announces Resale of B-80 Crude Cargo Hindustan Oil Exploration Company Limited announced that the resale of B-80 crude oil cargo to a third-party buyer has commenced. This development provides an update regarding the crude oil supply from the B-80 field previously related to HPCL.B-80 crude is currently stored within the HPCL - Mumbai Refinery storage tanks, where it is commingled with other grades of crude oil.The company stated that it and HPCL continue to engage constructively and are actively working towards reaching an amicable resolution concerning the matter.The details were provided by Baroruchi Mishra, Managing Director & CEO of Hindustan Oil Exploration Company Limited.HINDOILEXP Stock...

Glenmark Pharmaceuticals Launches Vancomycin Hydrochloride Injection in the US Market Elmwood Park, New Jersey, May 18, 2026 — Glenmark Pharmaceuticals Inc., USA (Glenmark) announced the launch of Vancomycin Hydrochloride for Injection USP, available in 500 mg/vial and 1 g/vial concentrations. The company stated that Glenmark's Vancomycin Hydrochloride for Injection USP, 500 mg/vial and 1 g/vial is bioequivalent and therapeutically equivalent to the reference listed drug, Vancomycin Hydrochloride for Injection USP, 500 mg/vial and 1 g/vial manufactured by Fresenius Kabi USA, LLC.The launch adds the product to Glenmark's portfolio, solidifying its presence in the U.S. pharmaceutical market.According to IQVIA sales data for the...

JSW Energy Divests Stake in JSW Steel Limited, Realizing ₹3,150 Crores JSW Energy Limited announced the divestment of a partial stake in JSW Steel Limited, realizing gross proceeds of ₹3,150 Crores on May 18, 2026. The sale was executed through a bulk deal conducted on the National Stock Exchange of India Limited.The company divested 2,50,00,000 equity shares of JSW Steel Limited, each having a face value of ₹1. This transaction was conducted as part of a strategic liquidity release.JSW Energy Limited stated that the monetization of this portion of its shareholding in JSW Steel Limited aims to achieve two primary goals: it releases vital capital necessary for pursuing the company's growth strategy, and it also improves the Return on...

Manoj Jewellers Reports Strong FY26 Results: Total Income Rises 91.5%, PAT Jumps 89.4% Manoj Jewellers Limited, a Chennai-based retailer and wholesaler of hallmarked gold, diamond, and silver jewellery, announced its audited financial results for the second half and full financial year ended March 31, 2026. The Company reported its highest-ever annual performance, driven by a rapid scale-up of its wholesale business and the launch of new product lines.For the full financial year FY26, the Company's Total Income grew 91.5% year over year (YoY) to ₹11,419.9 lakhs. Profit After Tax (PAT) saw a substantial increase of 89.4% YoY, reaching ₹902.4 lakhs. Earnings Per Share (EPS) rose 30.7% YoY to ₹10.4.Financial Performance Highlights The...

Prudential Acquired Controlling Stake in Bharti Life Insurance as Part of India Repositioning Prudential Corporation Holdings Limited has announced a strategic repositioning of its India operations through the acquisition of a controlling stake in Bharti Life Insurance Company Limited. This transaction aims to secure a majority ownership position, enhancing Prudential's presence in the Indian life insurance market.The move involves Prudential agreeing to acquire a 75% stake in Bharti Life Insurance Company. The purchase was executed through share purchase agreements (SPAs) dated May 17, 2026, with Bharti Life Ventures Private Limited and 360 ONE Asset Management.In a detailed press release issued on May 17, 2026, Prudential stated...

Meerut Budaun Expressway Commences Toll Collection on Ganga Expressway Project IRB Infrastructure Developers Limited has announced a major operational milestone for the Ganga Expressway (Group 1) Project. Meerut Budaun Expressway Limited, the Project Special Purpose Vehicle (SPV), has commenced toll collection on the project effective May 17, 2026.The announcement confirms that toll collection has begun on the Ganga Expressway (Group 1) Project. This operational update follows earlier progress, which included the receipt of the Provisional Certificate (PCOD) for the expressway and the commencement of trial run traffic operations.The Project SPV for the Ganga Expressway is Meerut Budaun Expressway Limited. In this context, MMK Toll...

Neogen Chemicals Reports Robust Q4 FY26 Performance; Recommends Dividend of INR 1 Per Share Neogen Chemicals Limited reported a strong financial performance for the fourth quarter and full year ending March 31, 2026. The company announced a final dividend recommendation of INR 1 per equity share for FY26, subject to shareholder approval.In the fourth quarter of FY26, consolidated revenues stood at INR 247 crore, marking a 22% increase year-over-year (Y-o-Y). The company attributed its robust performance to rising volumes and sustained high plant utilization, which helped counteract industry headwinds, elevated input costs, and geopolitical supply chain disruptions.Consolidated EBITDA for Q4 FY26 reached INR 44 crore, rising by 21%...