Stock Market News: Economy, Policy & Company Updates
EquityTimer summarises official corporate filings and market announcements into short, factual updates you can read in seconds. Every card is drawn directly from primary sources — BSE corporate announcements in India and SEC filings in the US — covering results, dividends, mergers, management changes and regulatory actions. Summaries are checked against the original document before publication, and each card links back to the filing so you can read it in full.
Jubilant FoodWorks senior VP & CIO Narottam Sharma's last working day moved to Sept 14, 2026
Jubilant FoodWorks Ltd disclosed that Senior Vice President and Chief Information Officer Narottam Sharma will cease employment on September 14, 2026, after revising his previously announced last working date of September 18, 2026. The resignation was submitted to pursue an external opportunity, and all other details from the July 22, 2026 intimation remain unchanged, according to the filing.
India Ratings upgrades Glenmark’s long‑term bank loans to IND AA+ with stable outlook
India Ratings and Research raised Glenmark Pharmaceuticals’ long‑term bank loan rating to IND AA+ from IND AA, maintaining a stable outlook, and affirmed its short‑term loan rating at IND A1+. The upgrade followed the recognition of USD 560 million from an ISB 2001 licensing deal and covers INR 18,500 million and INR 23,500 million of bank facilities.
ACME Solar approves incorporation of wholly‑owned UAE subsidiary
ACME Solar Holdings Ltd disclosed that its board’s Operational Committee approved the incorporation of a wholly‑owned subsidiary in the United Arab Emirates. The new entity, named ACME Renewables FZCO, will have 100% shareholding by the company and an initial capital of AED 10,000 (or INR equivalent). It will support renewable energy procurement, supply‑chain and project functions.
Endurance Technologies appoints Aditya Jhawar as Head of Growth and Business Transformation
Endurance Technologies Limited disclosed that its board appointed Mr. Aditya Jhawar as Head – Growth and Business Transformation, effective 14 September 2026. He will join the senior management cadre at President Grade, reporting to the Managing Director. Jhawar is a chartered accountant with a commerce degree and nearly two decades of experience in financial services and automotive sector advisory.
REC Ltd appoints IAS officer Isha Duhan as Executive Director
REC Limited disclosed that Ms Isha Duhan, an IAS officer from the 2014 Uttar Pradesh cadre, was appointed Executive Director effective September 10, 2026. She holds a bachelor’s degree in Biotechnology from Thapar University and a master’s in Gender Development Studies from IGNOU, and previously served as Managing Director of the Sugar Industries & Cane Development Department. No related director relationships were reported.
Tips Music Ltd bought back 38,557 equity shares at an average price of INR 651.79
Tips Music Limited disclosed that on September 10 2026 it repurchased 38,557 fully paid‑up equity shares through the stock exchange mechanism. The buyback was executed by ITI Securities Broking Limited, with an average acquisition price of INR 651.7867 per share, excluding transaction costs. No shares were closed out on that day.
JSW Infrastructure acquires NCR Rail Infrastructure, adding it as a subsidiary
JSW Infrastructure Ltd acquired NCR Rail Infrastructure Ltd, making it a step‑down wholly owned subsidiary effective 10 September 2026. The terminal has six rail lines, two 0.2 million sq ft warehouses and 130 acres, reporting FY‑2026 revenue of Rs 11.19 crore, a PAT loss of Rs 25.96 crore and net worth of Rs ‑2,168.69 crore. AMD Business Support Services Pvt Ltd also became a step‑down subsidiary.
Bank of Baroda confirms unchanged MCLR rates effective 12 September 2026
The bank disclosed that its Marginal Cost of Funds Based Lending Rate (MCLR) remained unchanged as of 12 September 2026. Overnight MCLR stayed at 7.85%, one‑month at 7.95%, three‑month at 8.30%, six‑month at 8.50% and one‑year at 8.75%. The filing was submitted to BSE on 10 September 2026.
Texmaco Rail wins Rs 27.82 crore order from Hindalco for BTAP rake and brake van
Texmaco Rail & Engineering Ltd disclosed that Hindalco Industries Limited awarded it a domestic order worth Rs 27.82 crores, including taxes, for the supply of one BTAP rake and one brake van for the Aditya Expansion Project. The contract is to be executed within eight months from the purchase order date. The filing was made on 10 September 2026 under Regulation 30 of SEBI LODR.
Great Eastern Shipping bought back 8,09,029 equity shares, including 14,600 via Kotak Securities
The company disclosed that on September 10 2026 it repurchased a total of 8,09,029 fully paid‑up equity shares of ₹10 each, with Kotak Securities buying 14,600 shares at an average price of ₹1,400.7279 per share. No shares were closed out on that day.
Jubilant FoodWorks senior VP & CIO Narottam Sharma's last working day moved to Sept 14, 2026
Jubilant FoodWorks Ltd disclosed that Senior Vice President and Chief Information Officer Narottam Sharma will cease employment on September 14, 2026, after revising his previously announced last working date of September 18, 2026. The resignation was submitted to pursue an external opportunity, and all other details from the July 22, 2026 intimation remain unchanged, according to the filing.
India Ratings upgrades Glenmark’s long‑term bank loans to IND AA+ with stable outlook
India Ratings and Research raised Glenmark Pharmaceuticals’ long‑term bank loan rating to IND AA+ from IND AA, maintaining a stable outlook, and affirmed its short‑term loan rating at IND A1+. The upgrade followed the recognition of USD 560 million from an ISB 2001 licensing deal and covers INR 18,500 million and INR 23,500 million of bank facilities.
ACME Solar approves incorporation of wholly‑owned UAE subsidiary
ACME Solar Holdings Ltd disclosed that its board’s Operational Committee approved the incorporation of a wholly‑owned subsidiary in the United Arab Emirates. The new entity, named ACME Renewables FZCO, will have 100% shareholding by the company and an initial capital of AED 10,000 (or INR equivalent). It will support renewable energy procurement, supply‑chain and project functions.
Endurance Technologies appoints Aditya Jhawar as Head of Growth and Business Transformation
Endurance Technologies Limited disclosed that its board appointed Mr. Aditya Jhawar as Head – Growth and Business Transformation, effective 14 September 2026. He will join the senior management cadre at President Grade, reporting to the Managing Director. Jhawar is a chartered accountant with a commerce degree and nearly two decades of experience in financial services and automotive sector advisory.
REC Ltd appoints IAS officer Isha Duhan as Executive Director
REC Limited disclosed that Ms Isha Duhan, an IAS officer from the 2014 Uttar Pradesh cadre, was appointed Executive Director effective September 10, 2026. She holds a bachelor’s degree in Biotechnology from Thapar University and a master’s in Gender Development Studies from IGNOU, and previously served as Managing Director of the Sugar Industries & Cane Development Department. No related director relationships were reported.
Tips Music Ltd bought back 38,557 equity shares at an average price of INR 651.79
Tips Music Limited disclosed that on September 10 2026 it repurchased 38,557 fully paid‑up equity shares through the stock exchange mechanism. The buyback was executed by ITI Securities Broking Limited, with an average acquisition price of INR 651.7867 per share, excluding transaction costs. No shares were closed out on that day.
JSW Infrastructure acquires NCR Rail Infrastructure, adding it as a subsidiary
JSW Infrastructure Ltd acquired NCR Rail Infrastructure Ltd, making it a step‑down wholly owned subsidiary effective 10 September 2026. The terminal has six rail lines, two 0.2 million sq ft warehouses and 130 acres, reporting FY‑2026 revenue of Rs 11.19 crore, a PAT loss of Rs 25.96 crore and net worth of Rs ‑2,168.69 crore. AMD Business Support Services Pvt Ltd also became a step‑down subsidiary.
Bank of Baroda confirms unchanged MCLR rates effective 12 September 2026
The bank disclosed that its Marginal Cost of Funds Based Lending Rate (MCLR) remained unchanged as of 12 September 2026. Overnight MCLR stayed at 7.85%, one‑month at 7.95%, three‑month at 8.30%, six‑month at 8.50% and one‑year at 8.75%. The filing was submitted to BSE on 10 September 2026.
Texmaco Rail wins Rs 27.82 crore order from Hindalco for BTAP rake and brake van
Texmaco Rail & Engineering Ltd disclosed that Hindalco Industries Limited awarded it a domestic order worth Rs 27.82 crores, including taxes, for the supply of one BTAP rake and one brake van for the Aditya Expansion Project. The contract is to be executed within eight months from the purchase order date. The filing was made on 10 September 2026 under Regulation 30 of SEBI LODR.
Great Eastern Shipping bought back 8,09,029 equity shares, including 14,600 via Kotak Securities
The company disclosed that on September 10 2026 it repurchased a total of 8,09,029 fully paid‑up equity shares of ₹10 each, with Kotak Securities buying 14,600 shares at an average price of ₹1,400.7279 per share. No shares were closed out on that day.
Prestige Estates Projects incorporated two wholly‑owned LLP subsidiaries
Prestige Estates Projects Ltd disclosed that on September 9 2026 it incorporated Southgrove Homes LLP and Parkgrove Realty LLP as wholly‑owned subsidiaries. The company contributed INR 1,00,000 to each LLP for 100% partnership interest. Both entities are set up for real‑estate development, have no turnover or operations yet, and are treated as related‑party transactions under the Limited Liability Partnership Act, 2008.
Bank of Baroda reports resignation of Head of Large Corporate Relationships Sumit Sachdeva
Bank of Baroda filed a BSE Company Update on September 9, 2026 announcing the resignation of Mr. Sumit Sachdeva, Head – Large Corporate Relationships. He submitted his resignation letter on August 13, 2026, citing personal and professional aspirations and requested his last working day in the first week of September. The filing noted no brief profile.
Fine Organic Industries acquires 80% of Oleofine Organics, adds Thailand subsidiary
Fine Organic Industries Limited disclosed that it completed the acquisition of an 80% equity stake in Oleofine Organics SDN. BHD (OFM) for cash consideration of RM 34,208,000 (approximately INR 80,16,64,480). The transaction made OFM a subsidiary and, together with OFM, gave the company control of more than half of Fine Organic Industries (Thailand) Co., Ltd., which also became a subsidiary.
Reliance Industries received AAA/Stable credit ratings from CARE and CRISIL
Reliance Industries Limited disclosed that CARE Ratings and CRISIL both assigned the company a AAA rating with a Stable outlook on September 9 2026. The ratings cover non‑convertible debentures totaling ₹15,000 crore (assigned) and additional issues of ₹6,500 crore, ₹5,500 crore and ₹20,000 crore (reaffirmed), as well as ₹34,500 crore of commercial paper (reaffirmed).
Dilip Buildcon wins LOI to build LPG pipeline from Paradip to Raipur worth INR 1800 crore
Dilip Buildcon Ltd disclosed it received a Letter of Intent from the Petroleum and Natural Gas Regulatory Board to develop a LPG pipeline from Paradip, Odisha to Raipur, Chhattisgarh. The project, to be executed through a wholly‑owned SPV, involves design, finance, construction and 25‑year operation, with EPC work valued at approximately INR 1800.00 crore (excluding GST) over a 36‑month construction period.
Anupam Rasayan India Ltd acquires 260,065 Tanfac Industries shares for Rs 60.88 crore
Anupam Rasayan India Ltd disclosed that it completed the allotment of 2,60,065 equity shares of Tanfac Industries Limited on a preferential issue basis. The shares, each with a face value of Rs 5, were purchased at Rs 2,341 per share, amounting to an aggregate consideration of Rs 60,88,12,165. The filing was submitted to BSE and NSE on September 9, 2026.
Muthoot Finance injects ₹31.80 Crores into Asia Asset Finance via rights issue
Muthoot Finance subscribed to 3,29,30,464 ordinary voting shares in its Sri Lankan subsidiary Asia Asset Finance PLC, paying LKR 33.30 per share for a total consideration of LKR 1,09,65,84,451 (approximately ₹31.80 Crores). The board approved the subscription on August 1, 2026 and the allotment was completed on September 8, 2026, increasing the subsidiary’s capital structure.
JK Paper Ltd acquires remaining 20% stake in Radhesham Wellpack Private Ltd for ₹44.02 crore
JK Paper Ltd disclosed that on September 9 2026 it purchased the remaining 20% shareholding in Radhesham Wellpack Private Limited, acquiring 25,000 equity shares at approximately ₹100 each for a total consideration of about ₹44.02 crore. Following the transaction, Radhesham Wellpack Private Limited became a wholly‑owned subsidiary of JK Paper Ltd.
Schneider Electric Infrastructure receives GST order demanding IGST and penalty
Schneider Electric Infrastructure Ltd disclosed that the GST Authority issued an order demanding IGST of INR 2,37,99,374 for export services, INR 1,06,37,269 for ineligible input tax credit, INR 3,79,519 for SEZ supplies, and INR 3,63,915 for non‑reversal of credit, plus a penalty of INR 35,18,008 and interest. The company said the order has no material impact on its financials or operations.
Sandur Manganese subsidiary Royal Sandur Metals hit with ₹12 lakh customs penalty
Sandur Manganese & Iron Ores Ltd disclosed that its material subsidiary Royal Sandur Metals Private Limited (formerly Arjas Steel) received a ₹12 lakh penalty under Section 114 of the Customs Act on 8 September 2026 for non‑payment of export duty by an SEZ unit on goods exported between May and November 2022. The company said there is no material financial or operational impact.