Markets

Modi Naturals Ltd Approves Closure of Unit in Pilibhit; Disposal of Plant and Machinery Initiated Modi Naturals Ltd has approved the closure of its manufacturing unit located at Village - Lalori Khera, Bareilly Road, Pilibhit Tahsil, Pilibhit, Uttar Pradesh - 262001. The decision was taken due to the non-viability of manufacturing operations, aligning with the Company's strategy to consolidate its bulk oil business.In parallel with the unit closure, the Company has also approved the sale and disposal of the plant and machinery installed at the aforesaid Pilibhit unit. It was clarified that the land and building belonging to the unit are not part of the proposed transaction and will be retained by Modi Naturals Ltd.The closure of the...

Vardhman Polytex Board Approves Disposal of Ludhiana Unit Land to Fund Growth Vardhman Polytex Ltd. announced on April 21, 2026, that its Board of Directors approved the sale and alienation of land situated at its Ludhiana Unit. The transaction aims to augment company funds to repay outstanding liabilities to lenders and support future growth initiatives.The Board, at its meeting held on April 21, 2026, sanctioned the sale, transfer, disposal, assignment, or otherwise alienation of land located at the company's Ludhiana Unit, Focal Point, Ludhiana, Punjab. The property in question measures 26 Acre 6 Kanal 9 Marla, or any part thereof, and will be disposed of in one or more tranches.The disposal is supported by prior shareholder...

Triton Corp Ltd Changes Name to HOMRE LIMITED, Effective April 24, 2026 Triton Corp Ltd has formally announced a change in its corporate identity, notifying the market that the company's name has been altered to HOMRE LIMITED. The transition is set to be effective from April 24, 2026.The company confirmed that the name change follows the approval of the shareholders and the Registrar of Companies. With this renaming, Triton Corp Ltd, formerly known as Triton Corp Limited, will now operate under the brand HOMRE LIMITED.The change in corporate name coincides with updates to key exchange identifiers. While the primary name changes, the company issued a fresh Certificate of Incorporation confirming the new status.A comparison of the...

NavPrakriti Unveils Rs 100 Crore Mega-Plant in Odisha to Power India's Critical Mineral Self-Reliance Boosting India's Circular Economy: Odisha Facility to Process 5,000 MTA of Spent Batteries Lithium-ion battery recycling firm NavPrakriti has announced a major commitment to India's sustainable energy goals. The company plans to invest over Rs 100 crore to establish a state-of-the-art critical minerals refining facility in Odisha.This ambitious move aims to significantly strengthen domestic supply chains and bolster the country's recycling sector. The newly planned facility is set to become fully operational by the fiscal year 2028-29.Strategic Focus on Critical Minerals and Recycling Capacity The Odisha plant is designed to process...

Kilburn Engineering to Host Plant Visit for PMS Fund on April 23, 2026 Kilburn Engineering Ltd. has scheduled a plant visit for an analyst/investor, facilitating engagement with the company's operations at its Saravali facility. The visit, organized through the Investor Relations firm Kaptify, is scheduled for Thursday, April 23, 2026.The specific details for the meeting are provided below:Day & DateTimeAnalyst / InvestorFormatModeThursday, 23rd April, 202610:30 AMPMS FundOne to OnePhysicalThe visit will take place at the Company's Plant located at Plot No. 6, MIDC - Saravali, Kalyan - Bhiwandi Road, Taluka Bhiwandi, Thane - 421 311.The company noted that no unpublished price sensitive information will be shared during...

India Unveils Massive 'ISM 2.0' Overhaul: Semiconductor Ambition Jumps to ₹1.2 Lakh Crore to Challenge Global Giants The Indian government is preparing to launch a significantly expanded version of the India Semiconductor Mission (ISM 2.0). This major industrial push proposes an unprecedented outlay ranging between Rs 1 lakh crore and Rs 1.2 lakh crore.This massive expansion represents a substantial hike compared to the initial Rs 76,000 crore allocated for the first phase of the mission. Inter-ministerial consultations are currently underway, with the Ministry of Electronics and Information Technology (MeitY) awaiting final approval from the Finance Ministry.Expanding Scope Beyond Chip Fabrication ISM 2.0 aims to drastically widen...

Mr. Girdhari Lal Sultania Resigns as Non-Executive Non-Independent Director of Agi Greenpac Ltd Agi Greenpac Ltd has announced the resignation of Mr. Girdhari Lal Sultania from his position as Non-Executive Non-Independent Director. The resignation is effective from April 28, 2026, citing personal reasons and other pre-occupations.The details regarding Mr. Sultania's departure have been formally noted by the company.The key details concerning the change in directorship are summarized below:DetailInformationName of DirectorMr. Girdhari Lal SultaniaRoleNon-Executive Non-Independent DirectorReason for ChangeResignationCessation DateApril 28, 2026Agi Greenpac Ltd, a company with group associations including AGI...

IMGC and Bajaj Housing Boost Access to Home Loans, Targeting India's Informal Housing Sector Mortgage guarantee company IMGC has announced a significant strategic partnership with Bajaj Housing Finance Ltd (BHFL). This collaboration aims to dramatically expand responsible access to affordable home loans across India. The joint venture is specifically designed to support underserved and first-time homebuyers nationwide.The partnership brings together complementary strengths to tackle India's persistent housing finance challenges. By merging IMGC’s deep expertise in credit risk protection with BHFL’s robust distribution network, the firms aim to extend formal finance.Addressing India's Critical Housing Credit Gap The core catalyst for...

Saatvik Green Energy Arm Bags ₹ 71.25 Cr Order, Boosting Solar PV Module Supply Outlook Saatvik Green Energy has received a significant boost in its manufacturing pipeline following the successful acquisition of a major contract. The announcement confirms that the company's specialized subsidiary has secured an order worth ₹ 71.25 crore for the supply of essential solar PV modules.This substantial contract represents a key win for the green energy manufacturing segment. The order was confirmed via a regulatory filing, detailing the deal’s scope and its execution timeline.Key Details of the ₹ 71.25 Crore Contract The deal was secured by the material subsidiary, Saatvik Solar Industries Private Limited. The company stated that this...

Pakistan Extends Airspace Blockade for Indian Flights Till May 24 Amid Heightened Tensions Pakistan has extended the closure of its airspace to Indian aircraft, maintaining the restriction until May 24. This latest development means the airspace curbs remain in place for a period exceeding one year.The decision, conveyed through a Notice to Airmen (NOTAM), solidifies the prolonged separation of India and Pakistan's aviation sectors. The ban mandates that Pakistan airspace is unavailable for any Indian-registered aircraft, including those operated or owned by Indian airlines, and even excludes military flights.Airspace Restrictions Remain in Force Beyond May 24 The current ban structure has seen the closure applicable from April 21...

US Tariff Refunds Surge: Indian Exporters Must Engage US Buyers to Claim Share of $12 Billion Benefit The commencement of US tariff refunds represents a significant, albeit complex, opportunity for Indian exporters. According to the Global Trade Research Initiative (GTRI), while the US has started refunding reciprocal tariffs from April 20, Indian exporters cannot rely on direct legal claims.Instead, the initiative advises that Indian goods exporters must proactively engage with American buyers to negotiate and secure their share of the refunded duties.US Tariffs Invalidation Triggers Massive Global Refunds The movement toward refunds was triggered by a major legal development. The US Supreme Court invalidated the entire framework...

Cheviot Company Ltd. Receives Reaffirmation of Bank Loan Rating from Crisil Ratings Cheviot Company Ltd. has announced the reaffirmation of its bank loan rating by Crisil Ratings Limited. The rating confirms the company's standing across its primary debt facilities as of April 21, 2026.As part of its annual rating surveillance exercise, Crisil Ratings Limited reaffirmed the Long-Term Rating as Crisil A+/Stable and the Short-Term Rating as Crisil A1+ on the bank loan facilities provided to Cheviot Company Ltd. The rating letter issued remains valid until March 31, 2027.The rating covers a total of Rs. 34 Crore in bank loan facilities. The facilities are categorized and rated as follows:Bank FacilityBankAmount (Rs. in...

Indian Banks’ Credit Surges 16.1% as Retail and MSME Lending Outpaces Deposits New Delhi, April 21: Bank lending in India recorded substantial growth during the fortnight ending March 31. According to a report released by CareEdge ratings on Tuesday, bank credit reached Rs 213.6 lakh crore. This figure represents a significant annual growth of 16.1 per cent, marking a jump from the 11 per cent growth recorded in the same period the previous year.The report highlighted that credit expansion continues to lead deposit accretion, widening the credit-deposit differential. This trend indicates that banks are actively extending credit despite deposit growth rates.Credit Growth Outpaces Deposit Accretion Total bank credit expanded by Rs 6...

HPCL Rajasthan Refinery Fire: How the Giant Unit Confirms No Material Operational Impact Despite Setback Incident Overview: Fire Confined to Rajasthan Refinery Unit Hindustan Petroleum Corporation Limited (HPCL) has confirmed that a major fire broke out at its Rajasthan refinery, but the incident is not expected to have any material financial or operational impact. The blaze occurred on April 20 in the Crude Distillation Unit (CDU) section of the facility.According to a stock exchange filing, the fire was preliminarily attributed to a hydrocarbon leak originating from a valve or flange within a heat exchanger circuit. The flames were swiftly contained by the site's emergency response team, with support from local administration...

Adani Group Accelerates Nuclear Push: New Atomic Subsidiaries Set to Reshape India's Energy Landscape Adani Power Limited has significantly bolstered its foothold in the nuclear energy sector, announcing the incorporation of new, step-down subsidiaries. These developments underscore the Adani Group’s escalating commitment to India's clean energy transition roadmap. The strategic moves position the conglomerate directly into the generation, transmission, and distribution segments of atomic power.The news comes as the country plans an ambitious scale-up of its nuclear capacity. These back-to-back incorporations signal a concentrated effort to capitalize on India’s long-term energy security and sustainable development goals...

Transrail Lighting Limited Boosts Tower Manufacturing Capacity to 1,72,400 MTPA Transrail Lighting Limited has announced a significant enhancement to its tower manufacturing capacity through major expansions across its operational facilities. The company confirmed that its total installed capacity has increased substantially, citing the completion of greenfield projects and the partial completion of brownfield expansions.The capacity enhancement was driven by multiple project milestones. The greenfield expansion at the tower manufacturing plant located at Butibori has been completed, and commercial production has successfully started at the site.In addition to the new facility, the brownfield expansion initiatives at the tower...

Resolven Seals 180-MW Wind Pact with SECI, Pushing Towards 10 GWp Renewable Ambition Clean energy producer Resolven has secured a significant boost to its renewable portfolio, announcing a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The deal involves supplying electricity from an upcoming 180-MW wind energy project.The pact solidifies Resolven's commitment to enhancing its capacity in the clean energy sector. The project, which is being developed by Resolven’s subsidiary, Ganeko Three Energy Private Limited, marks a major step in the company’s multi-technology vision.Strategic Mega-PPA Fuels Resolven's Growth Trajectory Resolven announced that the agreement with SECI has been formalized at a...

APL Apollo Tubes Ltd Issues Commercial Paper of Rs 200 Crore APL Apollo Tubes Ltd has announced the issuance of Commercial Paper (CP) totaling Rs 200 Crore. The security issuance was allotted on 21/04/2026 and is scheduled to mature on 15/06/2026.The Commercial Paper was issued in favor of UTI-LIQUID FUND. The details of the security are as follows:Description of the SecurityCommercial PaperTotal AmountRs. 200 CroreISININE702C14CX0Allotment Date21/04/2026Maturity Date15/06/2026Rate6.12%Tenure of the security (in days)55 DaysIssued in favour ofUTI-LIQUID FUNDCredit Ratings[ICRA] A1+APL Apollo Tubes Ltd confirmed that the Commercial Paper will be listed on BSE Limited.APLAPOLLO Stock Price Movement As...

GEM Enviro Management Partners with Rudrabhishek to Form Joint Venture for Eco-Sustainability Solutions GEM Enviro Management Limited has formed a new Joint Venture (JV) company, GEM ECOMIND LIMITED, to focus on providing technical and technological solutions across the sectors of recycling, waste management, sustainability, and ecosystem conservation. The JV was established through collaboration between GEM Enviro Management Limited and Rudrabhishek Infosystem Private Limited.The incorporation of GEM ECOMIND LIMITED, bearing CIN U58201DC2026PLC470201, was successfully completed, with the certificate of incorporation received on April 20, 2026. The venture aims to enhance solutions in sustainability areas through specialized technical...

Parin Enterprises Limited to Migrate from SME Platform to NSE Main Board Parin Enterprises Limited (Formerly known as Parin Furniture Limited) announced that its Board of Directors held a meeting on Tuesday, April 21, 2026. During the meeting, the board approved a significant proposal for the migration of the company's equity shares from the NSE SME Platform to the main board of the National Stock Exchange (NSE).The board confirmed the approval of the draft Postal Ballot Notice and the associated Explanatory Statement. The proposed migration of the Company's Equity Shares to the NSE Main Board is subject to the requisite approval of the shareholders and other necessary regulatory clearances.Key Operational Approvals The Board of...