Stock Market News Today Live Updates: Nifty Crosses 24,000 After 11 Sessions; Sensex Up 1,000 Points; Nifty FMCG Index Bucks The Trend
Larsen & Toubro: Independent Director Sanjeev Aga ceased from the board on May 24, 2026 after completing his second and final term.
Camlin Fine Sciences: Company shut Dahej Diphenol plant due to raw material issues; facility contributed 5.06% to FY25 turnover. Fire incident led to insured loss of about Rs 2 crore. Ethyl Vanillin production restart expected within 48 hours.
Ashok Leyland: Senior management personnel Gopal Mahadevan to retire on superannuation effective May 31, 2026.
Marine Electricals: Partnership firm Narhari Engineering Works converted into MEL Heavy Industries Pvt Ltd effective May 22, 2026; company continues to hold 99% stake.
Kajaria Ceramics: Gailpur Plant COO Dr Rajveer Choudhary resigned effective May 23, 2026. Company appointed Parag Goel as President–Operations effective May 26, 2026.
Salasar Techno Engineering: NCLT Kolkata approved amalgamation of EMC Ltd with the company.
Anupam Rasayan: Approved acquisition of up to 74.2% stake in Bliss GVS Pharma at Rs 299/share through SPA and open offer. Deal size could total about Rs 1,369.51 crore. Deputy CFO and KMP Vishal Thakkar resigned effective May 23, 2026.
Reliance Infrastructure: Appointed Vijesh Babu Thota as CEO and Asheesh Chaturvedi as CFO. Board approved fundraising of up to Rs 3,000 crore via QIP/FPO.
Fusion Finance: Independent Director Ratna Dharashree Vishwanathan completed second and final term effective May 23, 2026.
Universal Cables: Approved Rs 73 crore capex for EHV cable facility upgrade and fundraising up to Rs 200 crore via NCDs.
Vindhya Telelinks: Approved fundraising up to Rs 200 crore via NCDs and Rs 65 crore capex for optical fibre capacity expansion.
Studds Accessories: Board approved CFO transition of Bharat Goyal.
Texmaco Rail & Engineering: Received Rs 28.58 crore LoA from Vedanta Aluminium for supply of alumina wagons and brake van. Order to be executed within six months.
HBL Engineering: Said Q4 profitability declined due to Kavach contract mix and cost provisions. Expects FY27 sales and profit to be significantly higher despite quarterly volatility.
Aurobindo Pharma: US FDA classified Eugia Pharma Unit I facility as OAI following February 2026 inspection with four observations.
Crompton Greaves Consumer Electricals: Consumer commission ordered payment of Rs 17,600 in product defect case.
Nibe: Inaugurated defence manufacturing complex in Shirdi, Maharashtra and showcased Suryastra rocket system and ammunition facilities. Project expected to create about 3,000 jobs.
Solarworld Energy Solutions: Chairperson and Independent Director Rini Chordia resigned effective May 26, 2026.
SPIC: Appointed Narasimhan Raghunathan as CFO effective May 23, 2026.
Linde India: Stake in Zenataris Renewable Energy reduced to 19.18% from 27% after further equity allotment.
Gokaldas Exports: Enhanced corporate guarantee limit for BRFL Textiles to Rs 400 crore from Rs 300 crore.
Godavari Biorefineries: Appointed Dinesh Sharma as Whole-Time Director for three years.
Persistent Systems: Subsidiary Aepona Group incorporated PerSys Estonia OÜ in Estonia to expand European presence.
Tega Industries: Executed Rs 1,500 crore term loan agreement to finance proposed Molycop acquisition.
Windsor Machines: Completed acquisition of land in Rajkot worth Rs 55 crore.
Glenmark Pharma: US arm agreed settlement of $29.63 million in generic drug antitrust cases, payable over five years.
Chambal Fertilisers: Vice President–Strategy Anand Gupta resigned.
Tata Communications: Incorporated wholly-owned step-down subsidiary in Türkiye for IoT integration and IT support services.
Kajaria Ceramics: Seeking shareholder approval for buyback of up to 21.5 lakh shares at Rs 1,380/share; total size up to Rs 296.7 crore.
Baazar Style Retail: Opened new store in Bihar, taking total store count to 273.
RailTel: Received Rs 31.21 crore LoI from Newspace India Ltd for IT infrastructure project.
Lemon Tree Hotels: Received detailed CCI order approving acquisition and restructuring involving Fleur Hotels.
Jaiprakash Power Ventures: Jaiprakash Associates signed agreement with Adani Power for transfer of 24% stake in the company worth about Rs 2,993.59 crore.
Elgi Equipments: CRISIL reaffirmed long-term rating at AA/Stable and short-term rating at A1 .
PTC India: CRISIL reaffirmed short-term rating at A1 .
NIIT: NCLT Chandigarh approved merger of NIIT IFBI and RPS Consulting into NIIT Ltd.
Dredging Corporation of India: Jasmeet Singh Bindra appointed Chairman of Visakhapatnam Port Authority for five years.
Gaudium IVF and Women Health: NCLT New Delhi rejected insolvency petition filed by operational creditor Ramaa Capital.
Zaggle Prepaid Ocean Services: CTO Srikanth Gaddam resigned due to personal reasons.
NBCC: Secured work orders worth about Rs 42.55 crore.
Sical Logistics: Approved credit facilities of up to Rs 115 crore from Axis Bank.
Eveready Industries: Delhi High Court stayed lower court order related to UCO Bank Building dispute.
Rashi Peripherals: Customs department dropped Rs 3.53 crore demand related to imported goods classification.
SEPC: MOIL cancelled Rs 230 crore work order. Company also received SEBI warning over disclosure delays.
Sterlite Technologies: Subsidiary received multi-year award letter with estimated potential contract value of $1.1 billion.
Lupin: Received Chinese approval for Oseltamivir Phosphate Oral Suspension, marking entry into Chinese market.
Laxmi Organic: Commissioned new Ethyl Acetate plant in Maharashtra.
GR Infraprojects: Promoters to undertake inter-se share transfer through gift among family members with no change in control.
Wipro: Fixed June 5 as record date for Rs 15,000 crore buyback.
Goodluck India: Secured international order worth $13.6 million for transmission line structures.
Central Bank of India: OFS subscribed 236% by non-retail investors on Day 1; offer size increased.
Max Healthcare: CCI ruled no abuse of dominant position case against hospitals in its network.
Oil India: Discovered new gas well in Rajasthan with average inflow of 25,000 SCMD.
Welspun Enterprises: Received GST show-cause notices involving tax and penalty demand of about Rs 180 crore each.
Gabriel India: Scheme involving Anchemco India and Asia Investments became effective.
Goldiam International: Board to meet May 27 to consider bonus issue.
RBL Bank: Emirates NBD launched open offer to acquire up to 26% stake at Rs 282.38/share.
Hindustan Foods: Promoters increased stake to 18.62%.
Indus Towers: CFO Vikas Poddar resigned effective August 18.
GOCL Corp: Received NSE no-observation letter for merger of Hinduja National Power.
PNC Infratech: Received Rs 228 crore TDS refund related to NHAI settlement.
Samvardhana Motherson: Subsidiary SMR Auto-Japan to merge into holding company Misato.
TVS Motor: Acquired 4.9% stake in Jana Small Finance Bank.
TVS Supply Chain: Arm FIT 3PL Warehousing allotted 40,000 shares for Rs 59.6 crore.
Black Box: UAE arm incorporated subsidiary in Saudi Arabia; Black Box DMCC ceased to be associate.
Maruti Suzuki: Recalling 26 Super Carry vehicles due to seat adjuster defect.
South Indian Bank: Board approved panel of candidates for MD and CEO posts.
IRFC: Signed $1.1 billion ECB loan agreement with consortium of banks.
Lemon Tree Hotels: Coastal Cedar Investments acquired 41.09% stake in Fleur Hotels.
Gujarat Themis Biosyn: Arm to acquire 100% stake in MicroBiopharm Japan for about Rs 1,300 crore.
MAS Financial: Raised Rs 360 crore via NCDs from FMO.
Minda Corp: Signed pact to gain operational control over Minda Vast Access Systems JV.
ICICI Bank: RBI approved reappointment of Sandeep Bakhshi as MD and CEO for two years from October 4.
