Markets

ICICI Bank Announces Transfer of Investment Management Rights to ICICI Prudential Asset Management Company Limited ICICI Bank Limited announced the completion of a transfer of investment management rights for several Alternative Investment Funds (AIFs) to ICICI Prudential Asset Management Company Limited (IPru AMC), effective April 1, 2026. This development follows previous disclosures made by the bank on May 9, 2025, and March 2, 2026, concerning the proposed transfer of private equity, venture capital, and real estate fund management businesses from ICICI Venture Funds Management Company Limited (IVen) to IPru AMC.According to a communication received by the bank today at 4:20 p.m., IPru AMC has finalized the transfer, executing the...

Wipro Announces Completion of Step-Down Subsidiary Mergers Wipro Limited announced on April 1, 2026, the completion of mergers involving two of its step-down subsidiaries. The mergers, intended to rationalize and consolidate the overall group structure, were finalized on March 30, 2026 (Eastern Time) and March 31, 2026 (Eastern Time), respectively.Capco RISC Consulting LLC merged with The Capital Markets Company, LLC. Capco RISC Consulting LLC reported a turnover of USD 15,287,915 as of March 31, 2025, while The Capital Markets Company, LLC recorded a turnover of USD 284,878,466 for the same period. Both entities are engaged in providing IT services, consulting, business process services, and IT products globally.Separately...

Aavas Financiers Reports Strong Performance in Fiscal Year 2026 Aavas Financiers Limited announced key performance highlights for the quarter and financial year ended March 31, 2026, indicating a period of substantial growth and improved asset quality.The company's Assets Under Management (AUM) reached approximately INR 235 billion, representing a 15% year-over-year increase. Disbursements for the fourth quarter of fiscal year 2026 totaled approximately INR 23.5 billion, up 16% year-over-year and 36% quarter-over-quarter.Key financial and operational metrics include:ParametersPeriodParticularsAUM31-Mar-26~INR 235 bnDisbursementQ4FY26~INR 23.5 bn1+ DPD31-Mar-26~3.17%Gross Stage 331-Mar-26~1.07%Branches31-Mar-26435...

SBI Cards Appoints Amit Batra as Chief Strategy Officer SBI Cards and Payment Services Limited announced the appointment of Amit Batra as Executive Vice President & Chief Strategy Officer, effective July 1, 2026. The appointment was approved by the Board of Directors on April 1, 2026, based on the recommendation of the Nomination and Remuneration Committee.Amit Batra brings approximately thirty years of experience in leadership roles spanning strategy, operations, sales, environmental, social, and governance (ESG), and business transformation. Prior to joining SBI Card, he served as Chief Operating Officer at TransUnion CIBIL India, where he led enterprise transformation initiatives focused on sustainable growth, regulatory...

CRISIL Schedules Board Meeting to Review Financial Results and Consider Interim Dividend Crisil Limited announced that a meeting of its Board of Directors will be held on Thursday, April 16, 2026, and Friday, April 17, 2026, to review the unaudited consolidated and standalone financial results for the first quarter ended March 31, 2026. The Board will also consider the payment of a first interim dividend for the financial year ending December 31, 2026.The unaudited financial results and dividend proposal will be presented to the Board on April 17, 2026, for approval.A "No Trading Window" for employees of Crisil Limited and its subsidiary companies commenced on March 16, 2026, and will remain in effect until April 21, 2026.Source:

Madhuveer Com 18 Network Ltd. Acquires Media and Entertainment Business from Subsidiary Madhuveer Com 18 Network Limited, now known as JOJO Limited, announced the acquisition of the Media and Entertainment Production Business (Business Vertical-1, including the JOJO digital platform) from its wholly-owned subsidiary, Navkar Events Private Limited, on April 1, 2026. The acquisition will be executed on a going concern basis via a slump sale under Section 50B of the Income-tax Act, 1961, and is subject to shareholder approval and other applicable approvals.The consideration for the acquisition is a lump sum of ₹1,00,000, with a significant portion offset by the adjustment of an outstanding loan extended by the Company to Navkar Events...

Maruti Suzuki Reports Production Volume for March 2026 Maruti Suzuki India Limited announced its production figures for March 2026, indicating a significant increase in overall output compared to the same period last year. The company's total production, encompassing both passenger vehicles and light commercial vehicles, reached 231,933 units, a notable rise from 194,901 units produced in March 2025.Passenger vehicle production accounted for the majority of the output, with 227,942 units manufactured, up from 191,180 units a year prior. Light commercial vehicle production, specifically the Super Carry, totaled 3,991 units, compared to 3,721 units in March 2025.A detailed breakdown of production by category is presented below...

Aprameya Engineering Limited Provides Corporate Guarantee to Subsidiary Aprameya Engineering Limited announced that it has provided a corporate guarantee of 4.00 Crores Indian Rupees in favor of Aprameya Medtech Private Limited, a subsidiary in which the company holds 70% of the paid-up share capital, for credit facilities availed from Punjab National Bank.The guarantee secures credit facilities for Aprameya Medtech Private Limited. The transaction qualifies as a related party transaction and will be conducted at arm’s length. Security provided includes a mortgage of property located in Sanand GIDC, Ahmedabad.Transaction Details A summary of the transaction details is provided below:ParticularsDetailsParties InvolvedAprameya...

Arham Technologies Limited Secures Google EDLA Certification for STARSHINE IFPDs Raipur, 1st April 2026 – Arham Technologies Limited (NSE-SME: ARHAM) announced that its Interactive Flat Panel Displays (IFPDs), marketed under its STARSHINE brand, have received Enterprise Devices Licensing Agreement (EDLA) certification from Google and are now powered by the latest Android 14 operating system.The certification allows for seamless integration with the Google ecosystem, including official access to Google Play Store, YouTube, Google Classroom, and other enterprise-grade applications. It also provides enhanced security, compliance, and regular software updates.According to the company, the EDLA certification strengthens its position in...

Glenmark Pharmaceuticals Receives GST Order, Plans Appeal Glenmark Pharmaceuticals Ltd. announced it received an adjudication order from the Joint Commissioner of Central Goods & Service Tax and Central Excise, Mumbai East Commissionerate, on March 26, 2026. The order, communicated via email on March 31, 2026, relates to the financial years 2019-20 and 2020-21.The order alleges that a transaction involving the sale of a brand in fiscal year 2020-21 should be treated as a mixed supply and assessed for a higher rate of Goods and Services Tax (GST). The total demand includes Rs. 16,05,41,509 in CGST/SGST, applicable interest, and Rs. 16,05,41,509 in penalties.Glenmark Pharmaceuticals stated it does not agree with the demand and intends...

Utkarsh Small Finance Bank Limited Receives Approval for Amalgamation Scheme Utkarsh Small Finance Bank Limited announced that its unsecured creditors have approved the scheme of amalgamation between Utkarsh CoreInvest Limited and Utkarsh Small Finance Bank Limited. The approval followed a meeting of unsecured creditors convened by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, held on March 28, 2026.The scheme was approved with a requisite majority. The voting results, including e-voting results, were detailed in a report issued by Scrutinizer Sumit Agrawal of M/s Sumit K.B. Agrawal & Co., Chartered Accountants, dated March 31, 2026.A total of 19 unsecured creditors participated in the e-voting...

NTPC Clarifies Group’s Installed and Commercial Capacity NTPC Ltd. announced a clarification regarding the installed and commercial capacity of its group. In a disclosure dated April 1, 2026, the company stated that the total installed capacity of the NTPC group is 89,108 MW, with a commercial capacity of 88,028 MW. This modification supersedes a previous disclosure made on the same date.Ritu Arora, Company Secretary and Compliance Officer, made the announcement.Source:

Wipro Restructures Group Subsidiaries to Simplify Operations Wipro Limited announced a restructuring of its subsidiary holdings, effective March 30, 2026 (Eastern Time). Cardinal US Holdings, Inc., a step-down subsidiary of Wipro, has transferred its entire shareholding in Capco Consulting Services LLC, another step-down subsidiary, to The Capital Markets Company, LLC, also a step-down subsidiary. The company was informed of the change on April 1, 2026.The restructuring aims to rationalize and simplify Wipro’s overall group structure. The move does not benefit Wipro’s promoters, promoter group, or group companies.Following the transfer, The Capital Markets Company, LLC, holds a 100% ownership stake in Capco Consulting Services LLC...

Lexoraa Industries Ltd. to Acquire 100% Stake in Any and Every Export Limited Lexoraa Industries Ltd. announced on April 1, 2026, that its Board of Directors has approved an investment to acquire 100% equity shares of Any and Every Export Limited, located in Hong Kong. The decision, made following evaluation by the Committee of Independent Directors and the Audit Committee’s recommendation, will result in Any and Every Export Limited becoming a wholly-owned subsidiary of Lexoraa Industries Ltd.The Board meeting, which took place at the company's registered office in Mumbai, commenced at 4:00 P.M. Indian Standard Time and concluded at 5:00 P.M. Indian Standard Time. The Board considered the Share Transfer Instrument for the...

Eternal Ltd. Approves Stock Option Grants for Employees Eternal Ltd. announced that its Nomination and Remuneration Committee approved a total grant of 7,418,741 stock options on April 1, 2026. The grants were issued under the Foodie Bay Employee Stock Option Plan 2014, Zomato Employee Stock Option Plan 2021, and Zomato Employee Stock Option Plan 2024.The stock option grants are compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one fully paid-up equity share with a face value of ₹ 1. A total of 7,673,303 equity shares are covered by the granted stock options, inclusive of adjustments from corporate actions. The exercise price is ₹ 1 per option.The...

Orient Cement Limited Receives Income Tax Order, Plans Appeal Orient Cement Limited announced it received an order from the Income Tax Authority on March 31, 2026, related to the Assessment Year 2023-24. The order, issued under sections 143(3) and 144C(3) of the Income Tax Act of 1961, assesses a tax demand of Rs. 3,19,81,466.The tax demand primarily stems from a Transfer Pricing Adjustment of Rs. 54,33,14,302 concerning the transfer of power from a captive unit to a manufacturing unit. The company believes the order is erroneous and intends to file an appeal before the Income Tax Appellate Authorities.Source:

Barflex Polyfilms Limited to Acquire 100% of Rohit Poly Foams Private Limited Barflex Polyfilms Limited announced on April 1, 2026, that it will acquire 100% of the equity shares of Rohit Poly Foams Private Limited. The acquisition will result in Rohit Poly Foams Private Limited becoming a wholly-owned subsidiary of Barflex Polyfilms Limited.Rohit Poly Foams Private Limited, incorporated on September 3, 2021, is located in Jaipur, Rajasthan, and has an authorized share capital of Rs. 2,00,00,000, comprising 20,00,000 equity shares of Rs. 10 each. The company’s paid-up share capital is Rs. 2,00,00,000, comprising 20,00,000 equity shares of Rs. 10, fully paid-up. The company manufactures and deals in plastic bags, polyurethane foam...

Central Bank of India Announces Changes in Senior Management Central Bank of India announced changes in its senior management, effective April 1, 2026. The changes include appointments and promotions within the General Manager ranks.Appointments:Shri Sohail Ahmad was appointed as Chief General Manager. He joined the Bank in 1995, holds a Degree in ICWA (INT) and a Bachelor of Commerce, and is a Certified Associate of the Indian Institute of Banking and Finance (IIBF). He has over 30 years of banking experience and was previously the General Manager, Emerging Business and Cent Pragati Department. Shri Kushal Pal was appointed as Chief General Manager. He joined the Bank in 1995, holds a Degree in Masters of Arts (Public...

Nestlé India to Expand Maggi Noodles Production Capacity at Sanand Factory Nestlé India Limited announced plans to add a new Maggi Noodles production line at its Sanand Factory in Gujarat. The expansion is intended to meet anticipated future demand and is part of the company’s broader capital expenditure strategy for both greenfield and brownfield projects.The new production line will increase capacity by approximately 20,500 tons per annum. Currently, the Sanand Factory has an approximate production capacity of 141,600 tons per year, with a utilization rate of around 80%. The addition is expected to be completed within the financial year 2026-27.The project will require an approximate investment of ₹90 crores, to be funded through...

Varun Beverages Ltd. Sets Record Date for Final Dividend Varun Beverages Ltd. has established Wednesday, April 8, 2026, as the record date for determining eligibility for a final dividend of Re. 0.50 per equity share. This dividend pertains to the financial year ending December 31, 2025.The Board of Directors approved the record date through a circular resolution passed on April 1, 2026. The final dividend, which was approved by shareholders at the 31st Annual General Meeting held on the same date, will be disbursed on and from Friday, April 10, 2026, to shareholders listed in the company's register or maintained by depositories as of the record date.Source: