Markets

FDC Limited Secures U.S.FDA ANDA Approval for Cefixime Oral Suspension FDC Limited has successfully received ANDA approval from the United States Food and Drug Administration (U.S.FDA). The approval covers Cefixime for Oral Suspension USP.The FDA approval allows the company to market the suspension in two specific strengths: 100 mg / 5 mL and 200 mg / 5 mL. This material development milestone marks a significant achievement for FDC Limited in the pharmaceutical sector.FDC Stock Price Movement As of 12:20 PM, shares of FDC Limited are slipping by 0.89% in live trading, currently trading at ₹362.90. The stock continues to draw significant attention, with 78,002 shares having been traded in the market thus far.

Tata Technologies Wins Frost & Sullivan Award for Autonomous Vehicle Engineering Solutions Tata Technologies Limited has been honored with the Frost & Sullivan's 2026 Asia -Pacific Company of the Year award in the highly specialized End-to-End Solutions for Autonomous Vehicles category. The recognition, announced on May 18, 2026, acknowledges the company's established leadership in providing autonomous and ADAS engineering solutions across the entire mobility value chain.The award recognizes Tata Technologies' capability to deliver integrated, scalable, and production-ready engineering solutions. This achievement highlights the company's ability to combine full-vehicle, lifecycle-driven engineering with deep system-integration...

Sportking India Limited Reports Audited Financial Results for FY26, Announces Strategic Acquisitions Sportking India Limited, a leading textile conglomerate, announced its audited financial results for the quarter and year ended March 31, 2026, signaling sustained operational growth and commitment to expansion. The company also detailed its progress on strategic acquisitions and greenfield projects.Q4 FY26 Performance Highlights During the fourth quarter of the fiscal year 2026, the company reported several key operational and financial metrics. Total Production Volume stood at 20,527 MT for Q4 FY26, compared to 20,956 MT in Q4 FY25. Yarn Sales Volume reached 21,052 MT, compared to 21,038 MT in Q4 FY25. The company maintained strong...

Shreeji Shipping Global Board Approves Independent Director Appointment and E-Voting Process Shreeji Shipping Global Limited held its Board of Directors meeting on Monday, May 18, 2026. The meeting, which took place at the company's registered office in Jamnagar, focused on critical corporate governance matters, including the nomination of a new independent director and the procedural setup for a postal ballot.The board approved the draft of the Postal Ballot Notice. Following this approval, the company authorized several Executive Directors and the Company Secretary & Compliance Officer to distribute the notice to all members. The notice seeks necessary approval of the members for the appointment of Mayuri Bipinbhai Rupareliya (DIN...

The Federal Bank Allots Equity Shares Following Exercise of Employee Stock Options The Federal Bank Limited recently announced the allotment of equity shares to its option grantees following the successful exercise of stock options under the Employee Stock Option Scheme (ESOS). The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee of the bank.The company confirmed that the allotments were made after receiving payment from the allottees. Both transactions relate to the exercise of stock options on May 17, 2026.The Federal Bank Limited detailed two separate tranches of share allotments: one under the ESOS 2010 Scheme and another under the ESOS 2017 Scheme.The details of the share allotments...

MICL Group Acquires Ultra-Luxury Sea-View Residential Development Off Bandstand, Bandra West, Mumbai Mumbai, May 18, 2026: Man Infraconstruction Limited (MICL Group) today announced the acquisition of a premium ultra-luxury sea-view residential development located off Bandstand in Bandra West, Mumbai. This latest acquisition significantly strengthens the MICL Group's presence in one of Mumbai's most competitive and high-demand residential markets.The newly acquired project, which is slated to be part of the 'MS Collection Residences' vertical, is positioned as a boutique sea-view residential offering catering to the premium luxury segment. Situated off Bandstand, Bandra West, the development is spread across a plot area exceeding...

DMCC Speciality Chemicals Reports Q4 FY26 Results Amid Global Commodity Price Volatility DMCC Speciality Chemicals Limited, India’s Sulphur chemistry solutions manufacturer, has announced its financial performance for the fourth quarter and the full fiscal year of 2026. The company reported key financial metrics for the quarter ended March 31, 2026, detailing performance across its specialty chemical, commodity, and Boron segments.Consolidated Financial Highlights (Q4 FY26) For the quarter ended March 31, 2026, DMCC recorded a Revenue from Operations of ₹ 177.64 Cr. This marked a 17.75% quarter-over-quarter (Q-o-Q) increase and a 41.87% year-over-year (Y-o-Y) growth. The company’s EBITDA reached ₹ 17.86 Cr, improving 19.81% Q-o-Q and...

Jana Small Finance Bank Approves Major Preferential Issue and Debt Funding Plans Jana Small Finance Bank Limited (JSFB) announced that its Board of Directors approved several significant capital funding initiatives, including an amendment to its Articles of Association (AoA), the execution of new Securities Subscription Agreements (SSAs), and plans to raise funds through both warrants and debentures.The Board, which met on May 18, 2026, approved the amendment of the Bank's AoA, thereby granting the institution the power to issue warrants and/or other convertible securities. These amendments, which are subject to shareholder approval via a special resolution, are proposed to expressly enable the Bank to issue securities convertible...

Imagicaaworld Entertainment Announces Strategic Investment of Up to INR 100 Crore in Shanku's Water Park Imagicaaworld Entertainment Limited, a leading player in India's amusement and water park sector, has announced a strategic investment into Shanku's Water Park in Gujarat. The company's Board of Directors approved the investment of up to INR 100 crore in the landmark destination near Ahmedabad.The investment will be channeled through Mehsana Next Parks Private Limited ('MNPPL'), the Special Purpose Vehicle (SPV) that will own and operate Shanku's Water Park. The proposed capital infusion will utilize a combination of equity contribution and debt securities. Furthermore, the funds are earmarked for additional capital intended for...

Bondada Engineering Secures ₹469.52 Crores in Multiple Orders from Adani Group Bondada Engineering Limited, has secured multiple substantial orders totaling ₹469.52 Crores. These new contracts strengthen the company's order book in the renewable energy infrastructure sector and confirm its strong capability in executing large-scale solar projects for major clients.The orders pertain to the supply of goods and onsite services required for a Balance of System (BOS) package designed for a 250 MW Solar Power Project located at Khavda, Kutch, Gujarat, a key renewable energy hub in India. With this recent achievement, Bondada Engineering Limited reports that its cumulative executed capacity for the Adani Group has now reached 975 MW.The...

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...