Markets

Steel Exchange India Limited Infuses ₹ 75 Crore Capital Through Convertible Warrant Issue Steel Exchange India Limited (SEIL) has reinforced its financial structure, receiving an upfront infusion of ₹ 75 Crore through the allotment of convertible warrants. The capital infusion was received from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited, which is part of the IMR Group.This receipt forms part of the company's larger capital raise plan, which aims to secure funding up to ₹ 350 Crore through the issuance of convertible warrants on a preferential basis. The fund raise was approved by the Board of Directors on March 04, 2026.The investment is structured under the following key details:MetricDetails...

SEBI Slams Manipulation: Plastika Industries Fined Rs 5 Lakhs for Creating Artificial Volume in Illiquid Options SEBI Probes Manipulative Trading Practices in Stock Options The Securities and Exchange Board of India (SEBI) has levied an adjudication penalty on Plastika Industries concerning alleged manipulative activities in the illiquid stock options segment of the Bombay Stock Exchange (BSE). SEBI's order establishes that the company indulged in non-genuine trading practices, creating a false and misleading appearance of market volume.The proceedings focused on trading activities spanning the period of April 1, 2014, to September 30, 2015. SEBI observed a large-scale reversal of trades in the stock options segment, noting that such...

SEBI Cracks Down on Market Manipulators: Fastino Dealers Hit with Rs 5 Lakh Penalty for Artificial Volume in Options The Securities and Exchange Board of India (SEBI) has concluded an adjudication order against Fastino Dealers Private Limited, confirming violations related to non-genuine trading activities. The ruling specifically targets the creation of artificial volume through manipulative trades in the illiquid stock options segment at the Bombay Stock Exchange (BSE).The order, dated April 20, 2026, confirms that the firm was penalized for engaging in practices deemed deceptive and manipulative during the period between April 1, 2014, and September 30, 2015.SEBI Investigation Unmasks Illiquid Options Manipulation SEBI initiated...

SEBI Confirms Manipulative Trading: ₹5 Lakh Penalty Imposed on Entity for Creating Artificial Volume in BSE Options The Securities and Exchange Board of India (SEBI) has adjudicated a case involving manipulative trading practices in the illiquid stock options segment of the Bombay Stock Exchange (BSE). In an order dated April 20, 2026, SEBI penalized Parmeswar Commercial Private Limited for executing non-genuine, manipulative reversal trades, resulting in the creation of artificial trading volume.The Adjudicating Officer noted that the findings establish a clear case of collusion, confirming the entity’s violation of key provisions under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market)...

SEBI Slaps ₹5 Lakh Penalty on Adhunik Ventures for Executing Manipulative Reversal Trades in Illiquid Options The Securities and Exchange Board of India (SEBI) has levied a penalty of ₹ 5,00,000/- on Adhunik Ventures Private Limited. The penalty was imposed following an adjudication order concerning the company's alleged manipulative trading activities in the illiquid stock options segment of the Bombay Stock Exchange (BSE).The order, dated April 20, 2026, found the entity guilty of violating multiple provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. The regulatory action centers on the execution of non-genuine reversal trades during the period spanning April 1, 2014, to September 30...

SEBI Strikes Down Manipulative Trades: Ecospace Suppliers Penalized ₹5 Lakh for Creating Artificial Volume in BSE Options The Securities and Exchange Board of India (SEBI) has released a significant adjudication order, penalizing Ecospace Suppliers Private Limited for engaging in manipulative trading practices involving illiquid stock options at the Bombay Stock Exchange (BSE). The action targets the creation of artificial volume, citing non-genuine reversal trades.The order, dated April 20, 2026, formalizes SEBI’s findings that the company indulged in activities that distorted the true trading landscape of the stock options segment. The penalty imposed is ₹5,00,000/-, following violations of critical sections of the SEBI (Prohibition...

SEBI Hits Grand Dealtrade with ₹5 Lakh Fine for Creating Artificial Volume in Illiquid Options Market The Securities and Exchange Board of India (SEBI) has passed a significant adjudication order, penalizing Grand Dealtrade Private Limited for engaging in manipulative practices concerning illiquid stock options. The regulatory action specifically targets the creation of artificial trading volume through non-genuine reversal trades in the options segment of the Bombay Stock Exchange (BSE).The penalty, set at ₹5,00,000, underscores SEBI's commitment to maintaining transparency and integrity within India's financial markets.Investigation Targets Non-Genuine Stock Option Trades The investigation period covered the trades between April...

SEBI Slams Traders: ₹5 Lakh Penalty Imposed for Manipulating BSE's Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued an adjudication order, penalizing Rajwadi Retail Trade Systems Private Limited for alleged manipulative trading practices in the stock options segment of the Bombay Stock Exchange (BSE). The order specifically targets the creation of artificial volumes through non-genuine reversal trades.The investigation was conducted into trading activities spanning from April 01, 2014, to September 30, 2015. SEBI initiated proceedings following observations of large-scale reversal of trades in the illiquid stock options segment.Allegations of Non-Genuine Trading and Artificial Volumes SEBI observed...

SEBI Hits Rose Securities with ₹5 Lakh Penalty for Creating Artificial Volume in Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has concluded an adjudication proceeding against Rose Securities Limited, levying a penalty for alleged manipulation in the stock options segment. The investigation centered on the creation of artificial trading volume through non-genuine 'reversal trades' in illiquid stock options.The order, dated April 20, 2026, accuses the firm of violating key provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (PFUTP Regulations).SEBI Charges Rose Securities Over Non-Genuine Options Trading SEBI initiated the proceedings...

SEBI Slaps ₹5 Lakh Penalty on Firm for Artificially Inflating Illiquid Stock Option Volumes The Securities and Exchange Board of India (SEBI) has issued a significant adjudication order imposing a penalty on SIC Stocks Services Private Limited. The order addresses allegations of market manipulation stemming from the execution of non-genuine trades in illiquid stock options on the Bombay Stock Exchange (BSE).SEBI's ruling confirms that the firm indulged in deceptive practices by creating a false and misleading appearance of trading volumes, thereby reaffirming the regulator's commitment to market integrity.SEBI Probes Large-Scale Non-Genuine Trades in Stock Options The investigation initiated by SEBI focused on the stock options...

Coforge Launches Voyager.AI and FlightFlex.AI to Transform Airline Customer Experiences Coforge, an AI-native engineering services leader, has announced the launch of two new AI-native solutions, Voyager.AI and FlightFlex.AI, designed to enhance the customer experience for airlines worldwide. These solutions address pressing operational and commercial challenges, ranging from managing disruptions to enabling real-time, personalized customer engagement.The two purpose-built AI platforms aim to improve operational efficiency and positively impact customer loyalty. Voyager.AI allows airlines to activate one-to-one personalized offers and experiences across the entire customer journey using real-time data and AI-driven decisioning...

Mobavenue Media Secures Gold and Silver Awards at DIGIXX 2026 for AI-Powered Campaigns Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited, has been recognized at the DIGIXX Awards 2026 by Adgully. The company received accolades across AI/ML-powered marketing, programmatic marketing, and location-based targeting categories, showcasing its technological capabilities for its clients.The awards recognize campaigns delivered and nominated by MMPL, highlighting the company's ability to integrate data, automation, and audience intelligence to design and implement measurable marketing strategies.Award CategoryAward TierClientBest AI/ML-Powered Marketing SolutionGoldSebamedBest Programmatic...

Biocon Receives Health Canada Approval for Biosimilars Bosaya and Vevzuo Biocon Limited, an innovation-led global biopharmaceutical company, has announced that Health Canada granted a Notice of Compliance (NOC) for two biosimilar products: Bosaya™ (denosumab) and Vevzuo™ (denosumab). The approval, secured on April 3, 2026, makes both biosimilars available in Canada, offering potential therapeutic benefit to an estimated two million adults suffering from osteoporosis and hundreds of patients annually facing bone metastasis from advanced cancer.Bosaya™ and Vevzuo™ are biosimilars of Prolia® and Xgeva®, respectively. The company reported that Bosaya™ was approved in its 60 mg/mL injection prefilled syringe format, while Vevzuo™ was...

Mobavenue AI Recognized at DIGIXX Awards 2026 for AI-Powered Platform and Tech Campaign Mobavenue Media Private Limited (MMPL), a wholly owned subsidiary of Mobavenue AI Tech Limited, has received recognition at the DIGIXX Awards 2026, hosted by Adgully. The company was honored for its AI-Powered Consumer Growth Platform and its technology-led marketing campaign.MMPL secured multiple awards, underscoring its advancements in digital marketing solutions. The specific recognitions achieved are detailed below:Award CategoryRecognitionPlatform/BrandAI-Powered Consumer Growth Platform of the YearGoldMobavenueTechnology-led Marketing CampaignSilverSurgeX by MobavenueThese accolades highlight the company's continued commitment...

CleanMax Enviro Energy Solutions to Supply Hybrid Renewable Power to Shell’s Assets in Gujarat and Karnataka Clean Max Enviro Energy Solutions Limited, India’s leading renewable energy solutions provider for the commercial and industrial sector, has announced a partnership to supply hybrid wind-solar power to Shell India's critical assets in Gujarat and Karnataka. The collaboration is set to cover multiple sites, totaling a combined installed capacity of approximately 30 MW.The partnership supports Shell's ongoing efforts to decarbonize its operations and advance lower-carbon energy use across India. Under a group-captive framework, both companies will co-invest in the development of these renewable energy assets.Key Projects and...

Acquirers Announce Open Offer for 26% Stake in TMT India Ltd. Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited have announced an open offer for the acquisition of equity shares in TMT India Ltd. The acquisition aims to secure a stake representing 26.00% of the company’s fully paid-up equity and voting share capital.The collective group of acquirers—Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited—will acquire up to 12,87,988 (Twelve Lacs Eighty-Seven Thousand Nine Hundred Eighty-Eight) fully paid-up equity shares of TMT India Ltd. The face value of each share is Rs. 10/-.The offer specifies an Offer Price of Rs. 10/- per fully...

Smartworks Crosses 10 Million Sq. Ft. Operational Portfolio, Marks Milestone in India's Flexible Workspace Market Smartworks Coworking Spaces Limited has achieved a major operational milestone, crossing a 10 million sq. ft. operational portfolio. This achievement establishes the company as the first listed flexible workspace provider in India to reach such a scale, solidifying its position as a national-scale infrastructure partner for enterprises.The milestone was reported following the operationalization of the Tata Intellion Park centre in Mumbai, where the company recently onboarded a Forbes 2000 company, indicating continued strong market traction.Neetish Sarda, Founder and Managing Director of Smartworks, commented on the...

Orbicular Partner Secures Tentative U.S. FDA Approval for Generic Semaglutide Injection Bangalore, April 21, 2026 OneSource Specialty Pharma Limited announced that its partner, Orbicular Pharmaceutical Technologies, together with its U.S.-based front-end partner (the ANDA holder), has secured tentative U.S. Food and Drug Administration (FDA) approval for an Abbreviated New Drug Application (ANDA) covering a generic version of Ozempic (Semaglutide Injection). OneSource serves as the contract development and manufacturing organization (CDMO) partner for this critical product.The achievement highlights a deeply integrated development and submission model. Orbicular spearheaded the product development and technical program for this...

JR Foods Ltd Changes Company Name to DATACIPHER LIMITED, Effective April 24, 2026 JR Foods Ltd has announced a change in its corporate identity, updating its registered name to DATACIPHER LIMITED. The name change is effective starting April 24, 2026.The company, which was previously known as JR Foods Ltd, will adopt the new name DATACIPHER LIMITED moving forward.For its stock exchange listings, the following identifiers will reflect this change on the specified date:Scrip CodeExisting NameNew NameScrip ID for BOLT Plus SystemAbbreviated Name on BOLT Plus System530915JR Foods LtdDATACIPHER LIMITEDDATADATAThe transition of the company's name to DATACIPHER LIMITED is scheduled to be operational from April 24, 2026.Stock...

Organic Recycling Systems Ltd Board to Approve Financial Results for FY 2025-2026 Organic Recycling Systems Ltd announced that its Board of Directors will convene a meeting on Friday, April 24, 2026. The meeting is scheduled to consider and approve the company's Audited Standalone and Consolidated Financial Results.The financial results slated for consideration cover both the half year and the full financial year ended March 31, 2026.Stock Price Movement Organic Recycling Systems Ltd shares concluded Monday's trading session at ₹228.65, finishing up 1.13% higher for the day. The stock moved through its intraday range, trading between a low of ₹225.10 and a high of ₹232.90.Source: