Markets

CRISIL Reaffirms AAA/Stable Rating for New India Assurance Company Ltd CRISIL ratings has reaffirmed its CRISIL AAA/Stable rating to The New India Assurance Company Limited, a major undertaking of the Government of India.The rating affirmation, which carries a Stable outlook, reinforces the company's strong credit standing within the financial sector.Issuers holding the CRISIL AAA rating are considered by the agency to possess the highest degree of safety regarding the timely servicing of their debt obligations. Consequently, debt exposures to such issuers are assessed to carry the lowest credit risk.The New India Assurance Company Limited remains a significant entity in the insurance sector, and the reaffirmed rating provides...

Astec Lifesciences Ltd. Board Meeting Scheduled to Approve Financial Results for Year Ending March 31, 2026 Astec Lifesciences Ltd. has scheduled a meeting of its Board of Directors to review and approve its financial results for the quarter and the full financial year ended March 31, 2026.The Board Meeting is set to take place on Monday, April 27, 2026. During the meeting, the primary focus will be considering and approving the Standalone and Consolidated Audited Financial Results and Statements for the period, following a comprehensive review by the Audit Committee.Astec Lifesciences Ltd. maintains a strong commitment to quality and sustainability, evidenced by its adherence to multiple international standards. The company holds...

BHEL Reports 18% Revenue Growth for FY 2025-26, Strong Order Book Sustains Momentum New Delhi, April 17, 2026: Bharat Heavy Electricals Limited (BHEL), a major engineering and manufacturing enterprise in the power and infrastructure sector, reported a strong financial performance for the fiscal year 2025-26. The company announced a provisional and unaudited turnover of around Rs. 32,350 crores for FY 2025-26, representing an 18% growth compared to the previous year.During the reporting period, BHEL secured total order inflows amounting to around Rs. 75,000 crores. Coupled with this performance, the company's total outstanding order book at the close of FY 2025-26 stood at approximately Rs. 2.4 lakh crores.Key Business Segments and...

Axis Bank Receives EPFO Orders for Damages and Interest Related to Fund Remittance Axis Bank Limited confirmed receipt of speaking orders from the Employees Provident Fund Organization (EPFO) concerning the remittance of provident fund and allied dues. The orders pertain to damages and interest calculated for the period between April 1, 2022, and June 13, 2024.The EPFO issued the recovery orders, identifying the recovery of interest under section 7Q and damages under section 14B. The direction and orders were dated March 27, 2026.The total amounts levied are detailed below:Component Authority AmountDamages (s/ 14B) Employees Provident Fund Organization Rs. 91,50,641Interest (s/ 7Q) Employees Provident Fund Organization Rs...

India Ratings Affirms IND BBB-/Stable Ratings for Purple Finance's Debt Instruments India Ratings and Research Private Limited (IND-RA) has affirmed and assigned credit ratings to Purple Finance Limited's (PFL) debt instruments, reflecting the company's current capital structure, growth trajectory, and operational standing.The ratings agency assigned the following ratings to the company's instruments:Instrument Type Size of Issue (million) Rating Assigned Rating ActionNon-Convertible Debenture* INR 500 IND BBB-/Stable AffirmedBank Loan Facilities INR 1,250 IND BBB-/Stable AffirmedNon-Convertible Debentures* INR 500 IND BBB-/Stable AssignedKey Financial Performance and Growth Drivers IND-RA assessed PFL's profile by...

Veedol Corporation Limited Reports Resignation of Executive Director, Group Supply Chain Management Veedol Corporation Limited, formerly known as Tide Water Oil Co. (India) Limited, announced the resignation of a key senior management personnel. The departure involves Mr. Sanjeev Wangoo, who held the position of Executive Director, Group Supply Chain Management.The resignation of Mr. Wangoo is effective from the close of business on Friday, 17th April, 2026.Veedol Corporation Limited provided a detailed summary of the personnel change, confirming the following operational update:Particulars DetailsReason for change ResignationDate of cessation With effect from close of business on 17th April, 2026Position Executive...

Jio Financial Services Announces Availability of Financial Results Presentation Recording Jio Financial Services Ltd provided the audio/video recording of its presentation discussing the Audited Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2026.The presentation was made to analysts on April 17, 2026. According to the company, the session concluded on this day at 8.25 p.m. IST.The recorded presentation, covering the audited financial results for the period, is accessible on the company's official website.JIOFIN Stock Price Movement Today, shares of Jio Financial Services Limited gained 1.46% to settle at ₹243.86, reflecting strong buying interest in the financial services sector. The...

Banka BioLoo Limited Announces Resignation of Company Secretary and Compliance Officer Banka BioLoo Limited confirmed the resignation of Mrs. Nitika Lakhotia from the roles of Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on 30 April 2026.The company confirmed that Mrs. Nitika Lakhotia is stepping down to pursue a better career opportunity outside the organization.The board has accepted the resignation, relieving her of her duties and responsibilities effective April 30, 2026.The details surrounding the cessation of her services are as follows:Particulars InformationResignation Details Mrs. Nitika Lakhotia resigned from the position of Company Secretary and...

Uniparts India Limited Reports Full Deletion of INR 25,79,86,410 Tax Demand Following Rectification Order Uniparts India Limited has announced a material development regarding its pending litigation, confirming that a significant tax demand has been fully deleted following a rectification order.The company confirmed that the Assistant Commissioner of Income Tax, Circle 25(1) - New Delhi, issued a rectification order concerning the assessment order for the Assessment Year (AY) 2024-25. This assessment order was initially passed under Section 154 read with Section 143(3) of the Income Tax Act, 1961.As a direct result of this rectification, the tax demand amounting to INR 25,79,86,410/- has been completely deleted. The company received...

Zee Entertainment Enterprises Announces Strategic Investment in PhantomFX to Boost AVGC Content Creation Zee Entertainment Enterprises Ltd. (Z) has announced a strategic investment in Phantom Digital Effects Ltd. (PhantomFX), the renowned visual effects and animation studio. The move aims to significantly enhance Z's presence and content creation capabilities within the high-potential Animation, Visual Effects, Gaming, and Comics (AVGC) segment.The partnership is designed to leverage content creation and distribution synergies at a global level across various platforms. Z plans to acquire Compulsorily Convertible Debentures (CCDs) in PhantomFX, up to Rs. 116 crores, which will be done through preferential allotment in one or more...

Crompton Greaves Consumer Electricals Ltd Launches Premium BLDC Product Energion Niteo Pro Crompton Greaves Consumer Electricals Ltd announced a significant product launch on April 17, 2026. The company introduced its new offering, Energion Niteo Pro, which falls under the Premium BLDC category.The newly launched product is designed for the domestic market. Crompton Greaves Consumer Electricals Ltd confirmed that the initial launch version of the Energion Niteo Pro was available in the 48' Sweep Size, with the 36' size expected to be available later.Details of the product launch are summarized below:Product Name Launch Date Category Market Scope DetailsEnergion Niteo Pro 17-04-2026 Premium BLDC Domestic Launched in 48' Sweep...

Aditya Birla Real Estate Highlights Strong Bookings and Plans Joint Development in North Bangalore Aditya Birla Real Estate Ltd's subsidiary, Birla Estates, is demonstrating strong momentum in the residential real estate sector, recording significant bookings at its premium project in Bengaluru while advancing a major Joint Venture in North Bangalore.Birla Estates, the real estate arm of Aditya Birla Real Estate Limited, reported a robust response to Phase 4 of Birla Trimaya in Bengaluru. The latest phase generated bookings of approximately 650 crores, representing over 85% of the total booking value for the launched inventory. This success was achieved with the sale of around 460 units.The consistent demand for the project is...

Phantom Digital Effects Limited Approves Capital Restructuring and CCD Issuance Phantom Digital Effects Limited announced key corporate actions following a Board of Directors meeting held on April 17, 2026. The board approved plans for a significant increase in the company's authorized share capital, the preferential issuance of Compulsorily Convertible Debentures (CCDs), and the convening of an Extraordinary General Meeting (EGM) to seek shareholder approval for these matters.Capital Structure Enhancement During the meeting, the board approved altering the Memorandum of Association (MOA) and increasing the company’s authorized share capital. The authorized capital is being increased from ₹25,00,00,000/- (Rupees Twenty Five Crore...

Vodafone Idea Limited Receives Financial Disincentive from TRAI Over Unsolicited Communication Compliance Vodafone Idea Limited has received an order from the Telecom Regulatory Authority of India (TRAI), levying a financial disincentive related to compliance failures concerning unsolicited commercial communication. The company stated that it is currently reviewing the order and evaluating its next steps in response to the directive.The financial disincentive of Rs. 21,46,000/- was imposed by TRAI under the Telecom Commercial Communications Customer Preference Regulations, 2018. The directive, which was received on 17 April 2026, relates to specific operational lapses identified by the authority.The order stems from the failure to...

Wherrelz IT Solutions Approves Capital Increase and Share Allotment Plan at Board Meeting Wherrelz IT Solutions Ltd held its Board of Directors meeting on April 17, 2026. During the meeting, the Board approved the audited financial results for the half year and the year ended March 31, 2026, alongside the Auditor's Report and Certificate of unmodified opinion.The company also finalized several key corporate actions, including proposing a significant increase in its authorized share capital and detailing a plan for issuing shares on a preferential basis to non-promoter investors.Capital Structure Expansion The Board proposed increasing the authorized share capital of the Company, subject to the approval of the members in the...

Infomedia Press Ltd Announces Audited Financial Results for FY2025-26 Infomedia Press Ltd today announced the approval of its Audited Financial Results for the quarter and full financial year ended March 31, 2026. The company released the audited financial statements along with the statutory auditors' report.The quarterly and full-year results confirm that Infomedia Press Ltd incurred a net loss of Rs. 300.20 lakh for the year ended March 31, 2026.Financial Performance Summary The Profit and Loss statement details the company's performance through the years ended March 31, 2026, and March 31, 2025. Total Income for the year stood at 60.20 lakh. The company recorded total expenses of 268.97 lakh, which included Finance Costs totaling...

Sundaram Alternate Assets to Merge with Capitalgate Investment Advisors in Corporate Restructuring Sundaram Alternate Assets Limited (SAAL) is undergoing a corporate restructuring through the amalgamation of Capitalgate Investment Advisors Private Limited (CGIA). The merger involves consolidating CGIA, a wholly-owned subsidiary of SAAL, into SAAL.The process was formally sanctioned by the Office of the Regional Director, Southern Region, Chennai, via an Order dated March 30, 2026. According to the scheme, the Appointed Date and Effective Date for the merger are scheduled for January 1, 2026, and April 17, 2026, respectively.SAAL is a wholly-owned subsidiary of Sundaram Asset Management Company Limited (SAMCL), which is itself a...

BHEL Files Lawsuit in Bengaluru Court Seeking Recovery from Raichur Power Corporation Bharat Heavy Electricals Limited (BHEL), a Government of India Undertaking, has filed a commercial lawsuit seeking the recovery of amounts due from Raichur Power Corporation Ltd. The suit has been lodged before the Bengaluru Commercial Court.The legal action pertains to amounts owed to BHEL under a contract for the supply of services and equipment. Specifically, the suit relates to work executed for the 2 X 800 MW Units and associated works at the Yeramaras Thermal Power Station.The details of the commercial claim, filed on April 17, 2026, are summarized below:DetailDescriptionPlaintiffBHELDefendantRaichur Power Corporation Ltd...

Sat Kartar Shopping Limited Changes Name to Sat Kartar Life Limited Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has successfully completed the transition to a new corporate name. The company confirmed its name change following approval received on April 17, 2026.The exchange confirmed the change in the company's official master records, stating that the name of the entity will be officially changed and effective from April 23, 2026.The core details of the name change are as follows:Sr. No.SymbolExisting Name of the CompanyNew Name of the Company1SATKARTARSat Kartar Shopping LimitedSat Kartar Life LimitedThe entity, which trades under the symbol SATKARTAR, is now formally recognized as Sat...

NTPC Green Energy Ltd Solar Capacity Rises with Commercial Operation of Rajasthan Project NTPC Green Energy Ltd, a subsidiary of NTPC Limited, announced the declaration of commercial operation for a significant solar project located in Rajasthan. The capacity addition enhances the group's total installed renewable power capacity.The solar project, owned by Project Eleven Renewable Power Private Limited, which is a step down subsidiary of ONGC NTPC Green Private Limited, declared 87.50 MW of capacity on Commercial Operation. This quantum represents a portion of a total installed capacity of 150 MW Solar Project. The operational commencement was effective from April 19, 2026.This development marks a substantial growth milestone for...