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Rashi Peripherals Approves Strategic Moves, Plans WOS in India and Singapore Rashi Peripherals Limited announced the outcome of its Board Meeting held on April 16, 2026. The meeting addressed several strategic business alignments, including the incorporation of a Wholly Owned Subsidiary (WOS) in India, establishing a step-down subsidiary in Singapore, and the acquisition of a stakes in RP Tech Electronics Limited.The Board approved the incorporation of Rashi Semiconductor Solutions Pvt. Limited in India as a WOS, facilitating strategic business alignments. Furthermore, the company received approval to establish a step-down subsidiary, Rashi Semiconductor Solutions Pte. Ltd., in Singapore.In a separate significant move, the Board...

Tech Mahindra to Announce Q4 and FY2026 Results on April 22nd, Schedule Analyst Day Tech Mahindra Ltd., a specialist in digital transformation, consulting, and business reengineering services, is set to announce its audited financial results for the fourth quarter and the fiscal year ending March 31, 2026. The company announced the results are scheduled for Wednesday, April 22, 2026.Following the release of the results, the company has scheduled an Analyst Day 2026 and Quarterly Earnings Meeting for Q4 and FY2026. This session is intended for Analysts, Investors, and Funds, where management will discuss the quarter and financial year performance, provide an update on strategic priorities, and conduct a Q&A session.The company also...

Sudarshan Chemical Industries Ltd. Credit Rating Reaffirmed at Crisil A1+ on Commercial Paper Sudarshan Chemical Industries Ltd. has received a credit rating reaffirmation from Crisil (An S&P Global Company) for its Commercial Paper. The rating was reaffirmed at 'Crisil A1+' for the company's Rs. 50 Crore Commercial Paper.The rating details confirm that Crisil has reaffirmed its positive assessment of the company’s financial instruments.The rating details for the Commercial Paper are presented below:Type of Credit RatingExisting Rating/OutlookRevised Rating/OutlookRating ActionRs. 50 Crore Commercial PaperCrisil A1+Crisil A1+Reaffirmed as Crisil A1+This rating confirmation was issued on April 16, 2026.SUDARSCHEM Stock...

DCB Bank to Hold Board Meeting on April 24, 2026, to Review Financials and Consider Capital Raise DCB Bank Ltd has scheduled a meeting of its Board of Directors for Friday, April 24, 2026. The board will consider several key proposals, including the audited financial results for the quarter and financial year ended March 31, 2026.During the meeting, the directors will also consider a proposal regarding the recommendation of a dividend, if any, for the financial year ended March 31, 2026.A significant part of the agenda focuses on plans to raise funds and capital. The board is set to consider two primary methods of capital infusion:1. Debt Securities Issuance: The Bank will consider the issuance of debt securities through a...

Tata Teleservices (Maharashtra) Ltd Board Meeting Scheduled to Review Q4 and FY 2026 Results Tata Teleservices (Maharashtra) Ltd announced that a meeting of its Board of Directors is scheduled for Thursday, April 23, 2026. The primary purpose of the meeting is to consider and approve the financial results for the fourth quarter and the fiscal year ended March 31, 2026.In relation to corporate governance, the company also provided an update regarding the trading window for its Designated Persons. The trading window for dealing in equity shares of Tata Teleservices (Maharashtra) Ltd was closed starting April 1, 2026. This closure will remain in effect until the expiry of 48 hours after the financial results are made public.TTML Stock...

Axis Bank Board Meeting Scheduled for April 25, 2026; Plans Include Fund-Raising Exploration Axis Bank Ltd has announced that its Board of Directors meeting is scheduled for Saturday, April 25, 2026. The meeting is set to consider and approve key operational and financial matters for the bank.The primary agenda for the board includes considering the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Furthermore, the board is expected to recommend a final dividend, if any, for the financial year ended March 31, 2026.In a strategic move, the bank will also explore the option of raising funds through various mechanisms. These potential fundraising avenues include:Equity: Issuing...

BEML Land Assets Ltd Appoints Bharti Ramchandani as Company Secretary and Compliance Officer BEML Land Assets Ltd announced on April 16, 2026, that its Board of Directors approved the appointment of Smt. Bharti Ramchandani as the new Company Secretary and Compliance Officer. The board meeting, held on April 16, 2026, commenced at 16:00 Hours and concluded at 16:30 Hours.Smt. Bharti Ramchandani, a qualified Company Secretary and Fellow member of the Institute of Company Secretaries of India (F11651), will assume the role with effect from April 21, 2026. She holds a Bachelor of Arts (Economics-Hons.) and brings approximately nine years of experience in the Secretarial field. The company confirmed that Mrs. Bharti Ramchandani is not...

Mangal Electrical Industries Receives Appellate Order Regarding GST Input Tax Credit Mangal Electrical Industries Ltd. has reported receiving an order in Appeal No. 115/AA-I/GST/2023-24 from the Office of the Appellate Authority (Government of Rajasthan) State Tax, Jaipur-First, Jaipur. The order concerns the provisions of the GST Act, 2017, specifically pertaining to input tax credit and tax demand.The official notice was received on April 8, 2026, via the portal. The core issue highlighted in the order relates to alleged discrepancies in GST returns and excess availment of Input Tax Credit for the Financial Year 2017-18.The details of the order and the compliance points are summarized below:CategoryDetailsAuthorityOffice of...

India Ratings Affirms Torrent Power's Debt Instruments; Rates New NCDs at 'IND AA+/Stable' India Ratings and Research (Ind-Ra) has published rating actions on Torrent Power Limited's (TPL) debt instruments. The agency assigned the long term credit rating for proposed non-convertible debentures (NCDs) amounting to ₹4,000 Crore and re-affirmed the rating for existing non-convertible debentures amounting to ₹3,700 Crore at 'IND AA+/Stable'. Furthermore, Ind-Ra affirmed the rating on the short-term commercial paper at 'IND A1+'.The rating actions reflect TPL's operational structure, which benefits from the regulated cost-plus model of its distribution licensee (DL) business and generation assets, allowing the company to generate a...

Wipro Limited Board Approves Re-appointment of Ms. Tulsi Naidu as Independent Director Wipro Limited announced that its Board of Directors approved the re-appointment of Ms. Tulsi Naidu as an Independent Director. The decision was made during a Board meeting held on April 16, 2026.The re-appointment extends Ms. Naidu's tenure for a second term of five years. Her service period will be effective from July 1, 2026, to June 30, 2031. The appointment remains subject to the subsequent approval of the company's shareholders.Professional Profile and Board Role Ms. Naidu, who initially joined the Company in July 2021, currently serves on the Board and holds key committee positions. She is a member of the Audit, Risk, and Compliance...

AJC Jewel Manufacturers Launches Esthara Jewels, Making Strategic Entry into Silver Retail AJC Jewel Manufacturers Limited, an established leader in the B2B gold manufacturing sector, has announced a strategic pivot into the high-growth silver fashion jewelry market. The company marked this shift with the launch of its dedicated retail vertical, Esthara Jewels. Esthara Jewels has opened its first flagship physical store in Thrissur, Kerala, alongside a dedicated Direct-to-Consumer (D2C) e-commerce platform, signaling the manufacturer's move toward organized retail.Esthara Jewels, operating as a subsidiary of AJC Jewel, is positioned to bridge the gap between luxury aesthetics and accessible pricing. The brand specifically targets...

Hindustan Copper and CODELCO Forge Cooperation on Joint Mining Exploration in Chile Hindustan Copper Ltd. (HCL) has confirmed a collaborative effort with Corporacion Nacional Del Cobre De Chile (CODELCO) focused on identifying and potentially exploiting mineral properties in Chile. The initiative follows an executed Agreement for cooperation and exchange of information between the two companies.The collaboration aims to establish a strategic partnership to enhance capabilities in the fields of mining properties exploration and mineral beneficiation. The primary objective of the agreement is to identify and, if feasible, implement joint activities by sharing experience and knowledge between both parties.The cooperation formalized...

DCM Shriram and Teknor Apex Form Joint Venture PolyTek for Advanced Polymer Solutions DCM Shriram Ltd. has announced a major strategic partnership through a joint venture with Teknor Apex B.V., establishing a dedicated platform to enhance its positioning in advanced polymer compounds. The collaboration brings together domestic manufacturing strength with global polymer material science expertise.The joint venture involves DCM Shriram’s subsidiary, Shriram Polytech Ltd., and Teknor Apex B.V., a subsidiary of Teknor Apex Company, a global leader in plastic material science solutions. The newly formed entity will operate under the brand name PolyTek.This partnership marks a significant step in DCM Shriram's strategy to expand its...

Lumel SA Secures €3 Million Order from Leading German Energy Sector Company Rishabh Instruments Limited's wholly owned subsidiary, Lumel SA, has secured an additional contract worth €3 million (approximately Rs 30 Crores) from a leading Germany-based energy sector company. This contract marks a continued strategic partnership and the second significant order from the same German client.The contract involves the supply of advanced electronic devices specifically designed for industrial automation applications within the energy sector. The agreement is valid through the end of 2027 and represents a major reinforcement of Lumel SA's international expansion strategy.The order details confirm that the contract is valued at €3 million (Rs...

LIC Housing Finance Reports Change in Senior Management Personnel LIC Housing Finance Limited announced a change in its Senior Management Personnel (SMP) effective close of business hours on April 16, 2026.The company confirmed the cessation of duties for Shri Debakanta Padhi, who previously held the designation of General Manager (HR, Staff Discipline and Legal). The change was attributed to his repatriation back to LIC of India.The key details of the management transition are summarized below:Personnel NameDesignationReason for ChangeShri Debakanta PadhiGeneral Manager (HR, Staff Discipline and Legal)Cessation as Repatriated back to LIC of India.The company confirmed that the change in senior management personnel was...

HDFC Bank Board Approves Investment of Up To Rs 1,000 Crore in HDFC Life Insurance HDFC Bank Limited announced that its Board of Directors approved a significant investment in HDFC Life Insurance Company Limited, a subsidiary of the Bank. The decision was made during a board meeting held on April 16, 2026.The board approved the investment of an amount not exceeding Rs 1,000 crore (Rupees One thousand crore only). This investment is structured for the preferential issue of equity shares to be made by HDFC Life Insurance Company Limited, disbursed in one or more tranches.The proposed investment in HDFC Life Insurance Company Limited is subject to necessary approvals, including requisite clearance from the Reserve Bank of India...

Wipro Announces Q4 and Full Year Results for March 31, 2026, Driven by AI Focus and Major Strategic Wins Wipro Limited, a technology services and consulting company, announced its financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026. The company reported significant growth in its service segments while detailing plans for major capital returns to shareholders.In the fourth quarter of the fiscal year (Q4'26), Adjusted Net Income grew 3.7% Quarter-over-Quarter (QoQ) and 2.2% Year-over-Year (YoY). The overall full year (FY'26) margin stood at 17.2%, expanding 0.2% from the previous year, while the Q4 margin reached 17.3%.Financial Highlights (Q4'26 and FY'26) Wipro...

Wipro Announces Audited Financial Results for March 2026, Details Strategic Acquisitions and Buyback Proposal Wipro Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The financial results cover the three months ended March 31, 2026, and the full year ended March 31, 2026.The company's earnings and performance data provide insights into its key segments and global operations, alongside announcements of major strategic acquisitions and a shareholder buyback proposal.Financial Highlights (Millions of Indian Rupees) The financial results for the Standalone and Consolidated entities are detailed below.Audited Standalone Financial Results (Ind AS)ParticularsThree...

Investment & Precision Castings Ltd Secures Significant Defence Order from MKU Limited Investment & Precision Castings Ltd has secured a significant purchase order from MKU Limited, a leading defence solutions provider. This development marks a key milestone for the company within the defence and aerospace sector, particularly concerning mission-critical, high-precision applications.The order involves the manufacture and supply of components for thermal weapon sight systems applications.Order DetailsAspectDetailAwarding AuthorityMKU LimitedNature of OrderManufacture and supply for thermal weapon sight systems applicationsOrder ValueThe order is of strategic and substantial value, expected to contribute meaningfully to...

HDFC Life Reports 6% Growth in Profit After Tax for FY26; Highlights Robust Growth in Retail Protection HDFC Life Insurance Company Ltd. announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The company reported a 6% increase in Profit after Tax (PAT) to ₹1,910 crore for the 12 months ending FY26.The financial results underline disciplined execution in a volatile operating environment, with the company reporting strong momentum in its Protection and Sum Assured segments.Performance Highlights and Market Position During FY26, New Business in terms of Annualized Premium Equivalent (APE) grew by 8% year-on-year, achieving a healthy two-year Compound Annual Growth Rate (CAGR) of 12%. The...