Markets

Central Authorities Launch Mega Probe After Fatal Vedanta Power Plant Blaze in Chhattisgarh A major investigation is underway following a deadly accident at the Vedanta power plant located in Dabhra tehsil of Sakti district, Chhattisgarh. The incident, which took place on April 14, resulted in significant loss of life and serious injuries to multiple workers.Central authorities have taken notice of the gravity of the situation. A dedicated central team, comprising officials from the Department of Industrial Safety and Boiler Inspectors, is expected to begin a comprehensive probe into the plant's operations.State and Central Investigations Launched into Vedanta Disaster Following the submission of a detailed report by the State...

Cella Space Ltd Forms Five Wholly-Owned Subsidiaries to Expand Industrial Real Estate Portfolio Cella Space Ltd has established five new wholly-owned subsidiaries (WOS) to further its business objective of developing industrial parks and expanding its presence in the industrial warehousing sector.The Company confirmed the incorporation of the five WOS, each structured with a paid-up capital of Rs. 1 lac, comprising 10,000 equity shares of Rs. 10 each.The newly formed subsidiaries are: 1. Landlink Warehousing Private Limited (LWPL) 2. Store Max Logistics Parks Private Limited (SMLPPL) 3. SafeHold Warehousing Private Limited (SWPL) 4. Victara Industrial Parks Private Limited (VIPPL) 5. Summitra Industrial Ventures Private Limited...

Persistent Systems Ltd to Hold Investor/Analyst Call on April 21, 2026, at Revised Time Persistent Systems Limited has announced an updated schedule for its upcoming investor/analyst call, confirming the event will take place on Tuesday, April 21, 2026. The primary revision concerns the timing of the call.The company confirmed that the investor/analyst call will now be held at 6:00 PM IST. This marks a change from the initially scheduled time of 7:30 PM IST.The timing revision is the only adjustment to the previously communicated details. Persistent Systems Limited noted that all other logistical information, including the registration links and numbers for attending the call, remain unchanged from earlier communications.The...

Rashtriya Chemicals and Fertilizers Ltd Reports Cessation of Government Nominee Director Rashtriya Chemicals and Fertilizers Ltd, a Government of India Undertaking, announced the cessation of Ms. Aneeta C. Meshram from its Board of Directors. The change, which occurred effective April 17, 2026, was mandated following an order received from the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.Ms. Aneeta C. Meshram, identified by DIN 09781436, served as a Government Nominee Director on the Company's board. The company confirmed that her tenure as a Government Nominee Director concluded on April 17, 2026.The material details regarding the directorial change are summarized as follows...

Sumit Woods Limited Shares Listed Following Preferential Issue of 25,90,000 Equity Shares Sumit Woods Limited announced that its further issue of equity shares allotted on a preferential basis has been successfully listed and admitted to dealings on the National Stock Exchange (NSE). The shares represent the conversion of warrants previously issued by the company.The listing confirms the allotment of 25,90,000 Equity shares, each priced at Rs. 10. The total shares are categorized under the symbol SUMIT and belong to the EQ series.The shares became listed and admitted to dealings on the Exchange starting from April 20, 2026.The details of the listed securities, including the allotted shares, are as follows:Security...

Bhooth Bangla Achieves ₹21.60 Crore Collection on Day One, Surpassing Previous Box Office Milestones The movie "Bhooth Bangla," a horror-comedy family entertainer, has debuted in theaters to significant success, garnering a total box office collection of ₹21.60 crore on its first day in India. The film's opening performance has marked a phenomenal start, drawing widespread attention in the cinema industry.Balaji Motion Pictures, a division of Balaji Telefilms Ltd, in association with Cape of Good Films, presents "Bhooth Bangla." The film is packed with a blend of humour and scares, setting it up as a highly anticipated cinematic release.The movie stars Akshay Kumar, Wamiqa Gabbi, Paresh Rawal, Tabu, and Rajpal Yadav. The creative...

Piramal Finance Leads Amalgamation Scheme Filing with National Company Law Tribunal Piramal Finance Limited has initiated proceedings concerning a major amalgamation scheme involving several associated entities. The Company announced that it and several transferor companies filed a Company Application in relation to the Scheme with the Hon'ble National Company Law Tribunal, Mumbai Bench, on April 18, 2026.The amalgamation scheme involves Piramal Finance Limited (which operated previously as Piramal Capital & Housing Finance Limited) and three other key corporate entities. The companies involved are:Piramal Finance Limited (the Transferee Company) Piramal Corporate Tower Private Limited Piramal Agastya Offices Private Limited...

Bharti Airtel Receives Penalty Notice from Department of Telecommunications Bharti Airtel Limited has confirmed receipt of a notice from the Department of Telecommunications, Uttar Pradesh (East) LSA, regarding alleged violations of subscriber verification norms. The notice imposes a penalty of Rs. 1,07,000.The communication was received on April 17, 2026, at 1500 Hrs IST.According to the notice, the Department of Telecommunications mandates that companies ensure adequate verification of customers before enrolling them as subscribers. To confirm compliance with the licensing terms and conditions, the DoT conducts periodic Customer Application Form Audits (CAF Audit).The notice specifically relates to a CAF Audit conducted for...

Icon Facilitators Ltd Secures Contract for Technical Manpower Services from Embassy Services Private Limited Icon Facilitators Ltd, formerly known as Icon Facilitators Private Limited, has received a significant contract order for providing Technical Manpower services. The contract was awarded by Embassy Services Private Limited.The services are slated for provision at Max Square Limited, located at Plot No C3-C, Jaypee Wishtown, Greater Noida Expy, Sector 129, Noida, Uttar Pradesh, India, 201304. The agreement is governed by the Service Agreement between Embassy Services Private Limited and Icon Facilitators Limited.The contract details highlight the overall value and the expected duration of the service period...

Bajaj Consumer Care Limited Receives Consumer Complaint Order from Odisha Commission Bajaj Consumer Care Limited has received an order from the District Consumer Disputes Redressal Commission in Kalahandi, Odisha, concerning a consumer complaint. The directive mandates the payment of amounts aggregating to ₹ 26,25,184/-.The order directs the company to pay the specified amount, which comprises compensation payable to the complainant and amounts allocated towards the Odisha State Consumer Welfare Fund, along with other ancillary directions.The commission passed its order on April 15, 2026, and Bajaj Consumer Care Limited received the direction on April 17, 2026.The matter pertains to a general consumer complaint filed with the...

PNGS Gargi Fashion Jewellery Ltd to Host Investor and Analyst Meeting on April 22, 2026 PNGS Gargi Fashion Jewellery Ltd announced that its management will be meeting with various investors and analysts. The meeting is scheduled for April 22, 2026, and will take place in Pune.The company provided a schedule detailing the specific investor groups attending the session.DateInvestor/Analyst GroupPlaceModeTimeApril 22, 2026Credence Wealth ManagementPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Enigma Investment PartnersPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Turtle CapitalPuneIn-Person (Group)11:30 AM - 12:30 PMApril 22, 2026Equilligence CapitalPuneIn-Person (Group)11:30 AM - 12:30 PMThe meeting...

Madhav Copper Limited Updates Stakeholders on Tax Order Appeal Madhav Copper Limited provided an update concerning an adjudication order received from the CGST/SGST authorities, noting the company’s appeal against the order.The company previously informed stakeholders on January 19, 2026, regarding the receipt of an adjudication order in Form GST DRC-07 from the CGST/SGST authorities.In the latest update, Madhav Copper Limited announced that it filed an appeal on March 21, 2026, against the order passed by the CGST/SGST authorities.The company stated that, based on the filing of the appeal, it does not anticipate that the issuance of the order will negatively affect its financial, operational, or other business activities.The...

Madhav Copper Limited Updates Status of GST Appeal, Confirms No Operational Impact Madhav Copper Limited provided an update on its tax assessments, confirming that the company filed an appeal regarding an order passed by the CGST/SGST authorities. The company stated that the order is not expected to impact its financial or operational activities.The update references a previous disclosure made by the company on January 19, 2026, when Madhav Copper Limited had informed the market about receiving an Assessment Order in Form GST DRC-07 under Section 74 of the Central Goods and Services Tax Act, 2017.In its latest communication, the company noted that it filed an appeal dated March 10, 2026, challenging an Order passed by the CGST/SGST...

Lupin Limited Manufacturing Facility Underwent U.S. FDA Inspection in New Jersey Lupin Limited confirmed that its manufacturing facility located in Somerset, New Jersey, U.S.A., recently underwent an inspection by the U.S. FDA. The inspection process took place from April 13, 2026, through April 17, 2026.Upon conclusion of the review, the company received a Form-483 detailing three observations.Lupin Limited stated that the company is committed to maintaining compliance with CGMP standards across all its facilities. The company plans to address the observations made during the inspection and will respond to the U.S. FDA within the stipulated timeframe.LUPIN Stock Price Movement On Friday, Lupin Limited shares slipped by 0.19% to...

Star Cement's Subsidiary to Acquire 100% Stake in Nitesh Minerals for Limestone Supply Star Cement Limited has announced that M/s Ri Pnar Cement Private Limited (RPCPL), a wholly owned subsidiary of the company, has executed a Share Purchase Agreement (SPA) with the shareholders of M/s Nitesh Minerals Private Limited (NMPL). This acquisition aims to secure the supply of limestone and enhance logistics benefits for the cement business.Upon the completion of the transaction, NMPL will become a wholly owned subsidiary of RPCPL, thereby establishing itself as a step down subsidiary of Star Cement Limited. The agreement was signed on April 18, 2026, marking the commencement of the acquisition process.The primary objective of the...

National Fittings Ltd Changes Registered Office from Tamil Nadu to Gujarat National Fittings Ltd has announced a change in its registered office address, shifting its operations from the State of Tamil Nadu to Gujarat. The shift was approved by the Ministry of Corporate Affairs (MCA), vide an order dated April 2, 2026.The company’s registered office is now located at 314/315 village Mudhela, Taluka, Savli, Vadodara -391770, Gujarat, India.The decision to relocate the registered office was necessitated by the company's stated aim of achieving greater administrative efficiency and operational flexibility. This change in state jurisdiction was officially sanctioned by the Regional Director, Chennai, and the Memorandum of Association...

Madhav Copper Limited Updates Status of Income Tax Appeal Against Section 270A Penalty Madhav Copper Limited provided an update regarding its ongoing appeal concerning a penalty order received under Section 270A of the Income Tax Act, 1961. The update details the progression of the matter before the tax authorities.The company had previously informed about filing an appeal on April 21, 2025, with the Joint Commissioner (Appeals) or the Commissioner of Income Tax (Appeals) against the aforementioned penalty order. This initial matter had been highlighted in a disclosure dated August 6, 2025.The company recently received a notice of hearing dated March 16, 2026, from the office of the Joint Commissioner of Income Tax (Appeals). In...

Ola Electric Announces 'Ola Sona Weekend' Celebration with Benefits Up to ₹50,000 Ola Electric Mobility Limited has announced 'Ola Sona Weekend' to mark the auspicious occasion of Akshaya Tritiya. The limited-time event offers customers benefits valued up to ₹50,000 across the company’s electric vehicle (EV) portfolio.As part of the celebration, customers also have a chance to win the limited-edition Ola सोना, a model featuring real 24-karat gold-plated elements.The company has announced specific pricing and offers for key models, valid only on April 18th and April 19th, 2026.Limited-Time Offers and Pricing Ola Electric is extending special offers for its flagship models, including discounts and extended warranties. The key...

AVATAR INDUSTRIES LIMITED Completes Name Change from ASL Industries Limited AVATAR INDUSTRIES LIMITED, which was previously known as ASL Industries Limited, has confirmed compliance steps related to its name change. The company announced the transition on April 18, 2026.The company, which operates from NESCO IT Park, Goregaon East, Mumbai, confirmed the name change following a notice of Postal Ballot submitted to shareholders regarding the name change of the company.The process required submitting a certificate from chartered accountants confirming compliance with the necessary requirements for the name alteration. The certificate, dated February 14, 2026, was issued by Nagadheep Sathyanarayana & Co., Chartered Accountants.The...

Hindustan Copper Reports Fatality Incident at Khetri Copper Complex Unit Hindustan Copper Limited reported an incident that occurred at the Process Plant of its Khetri Copper Complex unit in Jhunjhunu, Rajasthan, on April 17, 2026.The company confirmed that a contractual employee, who was engaged by a civil contractor, met with a fatality during the incident. Hindustan Copper expressed deep mourning over the unfortunate event.The company also confirmed that despite the incident at the Process Plant, there was no disruption to the operations of the Plant.HINDCOPPER Stock Price Movement On Friday, Hindustan Copper Limited shares edged higher, rallying 0.78% to close at ₹569.60, marking a gain of ₹4.40. The equity showed strong...