Notes archive.
IRCTC CMD Sanjay Kumar Jain resigns; successor awaited
IRCTC's Chairman and Managing Director Sanjay Kumar Jain has resigned on personal grounds, effective July 20, 2026, leaving the Navratna PSU without a named successor.
PFC raises US$300M via 5.32% notes due 2031
The state-run lender priced the bonds under its US$8B MTN programme; proceeds will follow RBI borrowing guidelines.
Lords Mark opens IVD plant two months early, expands capacity by 70%
The ₹67-cr nano-cap is moving beyond NBFC into diagnostics with a new Vasai facility and plans for cancer detection and AI-enabled devices.
Eris targets 18-20% international growth in FY27 despite EU site snag
A corporate presentation reveals fresh FY27 guidance for the international business and confirms an EU inspection that delayed commercialisation of its EU-CDMO pipeline but left existing operations intact.
HCLTech joins TM Forum AI framework, no revenue disclosed
HCLTech, along with Circles and Greyskies, will co-develop an AI-powered multi-agent framework for autonomous network operations. Partners include Circles.Life, KDDI, Orange, TELUS. No financial terms.
NLC India, IOC to team up on renewable JV in Tamil Nadu
MoU covers solar, wind, storage, and green hydrogen but lacks financial details or capacity targets. A preliminary step in NLC's coal-to-clean shift.
Global Health meets Enam — but says no price-sensitive news to share
Medanta operator holds one-on-one virtual meetings with IKIGAI Asset Manager on June 26 and Enam Asset Management on June 30. The company says no unpublished price-sensitive information will be discussed.
Kalyani Cast-Tech to mull preferential issue on June 30
Board meets to consider issuing equity or convertible securities. No details on size, pricing, or purpose yet.
Purple Finance's ₹97 cr open offer gets RBI, SEBI clearances
Allied Commodities and Sandeep Jindal's mandatory offer for 26% at ₹55 per share opens July 1. Regulatory approvals remove key hurdle.
MSP Steel promoters spend ~₹55 cr to lift stake to 45.12%
Open market purchases of 1.30 crore shares (2.30% of capital) between June 12-22, 2026, follow a similar 2.61% increase earlier this month and come as the steelmaker swings to a profit.
HP Adhesives profit slumps 62% after ₹25 cr fire loss at Khalapur plant
Net profit fell to ₹6.98 cr for FY26 as a January fire at Unit I caused a ₹24.98 cr exceptional charge. Revenue flat, Q4 saw a net loss of ₹2.37 cr. Dividend maintained at ₹0.40.
Aelea Commodities locks in ₹13.86 cr ECLGS loan for expansion
The facility, equal to about 4.4% of its ₹318 crore market cap, backs cashew-processing expansion and commodity diversification.
GTPL Hathway buys ACT's cable TV biz for ₹36 cr, adds 600k subs
Slump-sale acquisition brings ₹164 cr revenue at a modest multiple, diversifying into four states and partially offsetting recent subscriber losses.
Hubtown shareholders back mergers, unlock ₹6,000 cr Bandra project
Hubtown's shareholders approved merging Saicharan Consultancy (full control of 21.17% stake in Rare Townships) and 25 West Realty (super-luxury Bandra West project, expected ₹6,000 cr revenue, over 7x FY26 income). NCLT sanction awaits.
Ircon wins ₹198 cr smart grid order, but scale is modest
A ₹763 cr JV contract for Agartala's power network adds to Ircon's order book, but at 2.1% of revenue it won't reverse the recent slowdown.
Organic Coatings' net worth nearly wiped out, loss widens 55%
Audited FY26 results show net loss of ₹3.26 cr, revenue slips to ₹28.10 cr, and net worth crumbles to just ₹2.27 lakh from ₹3.29 cr. No dividend, company secretary quits after a month.
Omkar Overseas calls EGM after NCLT order, zero revenue and going concern flagged
The company, with no revenue and accumulated losses, will hold a meeting on July 27 to address its financial distress. Market cap is just ₹5 cr.
Canara Bank's NIM slips 22 bps; FY27 guidance pegs mild recovery
Profit rose 12.69% to ₹19,187 crore but NII was flat as deposit costs squeezed margins. Management guides for advances growth of 11-12% and NIM of 2.52-2.60% in FY27.
CRISIL upgrades TD Power Systems to AA-/Stable, A1+
One-notch upgrade covering **₹488 cr** of bank facilities validates strong financials and near-zero debt. Stable outlook points to sustained performance.
Delhivery taps Bajaj Auto for 1,500 electric three-wheelers
First phase of 200 Bajaj RIKI eCarts begins now; bulk of 1,500 planned for 2026-27 across Tier-2/3 cities in a push to cut last-mile costs and emissions.
Ola Electric gets first BIS nod for Indian-made 46100 LFP cell
The certification validates safety and performance of Ola's in-house cell, expanding beyond NMC 4680. Strategic but financial impact not yet quantifiable; company posts ₹500 cr quarterly net loss.
Tata Motors PV targets ₹1,40,000 cr revenue by FY31, more than double FY26
In its first standalone investor day, the demerged PV business laid out plans for 20% market share, 30% EV mix, and a 15-nameplate portfolio.
Shelter Infra swings to loss; auditor flags unvalued investments
FY26 audited results show net loss of ₹4.55 lakh vs ₹23.18 lakh profit a year ago; qualified opinion cites non-provision of lease liability and inability to fair-value ₹94.30 lakh in investments.
Shree Marutinandan lands ₹2.24 cr order from Arvind group company
The order, valued at 10.2% of the company's market cap, covers plumbing and piping work at an Arvind site with 95% payment due in 30 days.
Viceroy Hotels moves toward rights issue as debt triples
The company will consider a rights issue on June 29, signalling a need for capital after debt surged to ₹222.83 cr following the SLN Terminus acquisition.