Zaggle Prepaid Ocean bags 2-year deal from Generali Central Insurance

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Last Updated : Apr 11 2026 | 1:50 PM IST

Zaggle Prepaid Ocean Services announced that it has entered into an agreement with Generali Central Insurance Company (formerly known as Future Generali India Insurance Company Limited) to provide its Zaggle Zoyer platform.

According to a regulatory filing, Zaggle will deploy the Zaggle Zoyer platform for Generali Central Insurance Company. The contract will be executed over a period of two years.

The company clarified that the agreement has been awarded by a domestic entity and is in the nature of a service agreement. It also stated that neither its promoters nor promoter group entities have any interest in the awarding entity. Further, the transaction does not fall under related-party transactions.

Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business customer segment.

The companys standalone net profit surged 77.7% to Rs 35.97 crore on a 47.9% rise in revenue from operations to Rs 497.63 crore in Q3 FY26 over Q3 FY25.

Shares of Zaggle Prepaid Ocean Services shed 0.18% to end at Rs 251.35 on 10 April 2026.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 11 2026 | 1:50 PM IST

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Emerald Leisures gets LoI for Chembur project with Rs 600-cr revenue potential

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Emerald Leisures said that it has received a letter of intent (LoI) for the development of a residential redevelopment project at Swastik Park, Chembur in Mumbai, with an estimated revenue potential of around Rs 600 crore.

The proposed project marks a strategic move by the company to expand its footprint into real estate development, as it continues to diversify beyond its core hospitality and club services business.

Emerald Leisures, which operates Club Emerald Sports Complex in Chembur, has traditionally been engaged in sports, club, banquet, wellness and hospitality services. The company has been gradually building its real estate presence over the past few years as part of its diversification strategy.

The redevelopment project is expected to unlock significant value from the Swastik Park land parcel and strengthen the companys transition into the real estate sector.

Jaydeep Vinod Mehta, Director of Emerald Leisures, said, We are pleased to receive this letter of intent (LOI) and with this we achieve a strategic milestone that marks as a stepping stone for the company in the real estate sector. The envisaged project will have saleable area of approx. 1,75,000 sq.ft. and unlock a revenue potential of approx. Rs 600 crores. He further added that by combining The Groups legacy of trust and execution led excellence we are not just constructing buildings but offering sustainable lifestyle residences with premium amenities. We plan to expand our footprint in the real estate segment rapidly to ensure that 50% of our future growth stems from more such projects in coming years.

The company believes this project will further strengthen the companys future prospects and lead to long-term value creation. The upcoming Residential Project is located in the most centrally located suburb of Chembur with best connectivity and will offer options of well designed Vastu compliant 2,3, and 4 BHK Flats.

Emerald Leisures is into the business of Club and Sports Complex having sports facilities and other Hospitality Services.

The company reported consolidated net loss of Rs 2.25 crore in Q3 FY26 as against net loss of Rs 2.48 crore in Q3 FY25. Revenue from operations rose 8.3% year on year to Rs 4.70 crore in Q3 FY26.

Shares of Emerald Leisures added 1.94% to end at Rs 192.75 on 10 April 2026.

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3i Infotech secures order from leading US-based credit union

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Last Updated : Apr 11 2026 | 12:50 PM IST

For establishment of an Enterprise Application CoE for lending and collections platforms

3i Infotech has received an order from a leading US-based credit union, for the establishment of an Enterprise Application Center of Excellence
(CoE) for Lending & Collections platforms.

The engagement involves end-to-end responsibility for application management across lending and collections platforms, in close collaboration with business and technology stakeholders,
enabling improved operational efficiency, scalability, and alignment with the client’s evolving digital and business requirements. The contract is awarded for a period of 9 months. The total value of the order is approximately Rs. 2.76 crore i.e. USD 297,000 (exclusive of applicable
taxes).

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 11 2026 | 12:50 PM IST

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Sundaram Brake Linings reports fire incident at its Plant I at Kariapatti, Tamil Nadu

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Last Updated : Apr 11 2026 | 12:16 PM IST

Sundaram Brake Linings announced that on 10 April 2026, at around 09:55 P.M. (IST) a fire incident occurred at the factory of its Plant I situated at Kariapatti, Virudhunagar,Tamil Nadu.

Fire was controlled within time and fortunately, there were no casualty and injury to life. However, the affected operations will be temporarily shut. The extent of damage to assets and equipment is currently being evaluated, and a detailed estimate will be ascertained in due course.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 11 2026 | 12:16 PM IST

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Larsen & Toubro arm acquires International Green Scapes for Rs 1,123-cr

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Larsen & Toubro said its real estate arm, L&T Realty Properties, has acquired a 100% stake in International Green Scapes for Rs 1,123 crore in an all-cash deal, as it looks to expand its residential portfolio in Gurugram.

The acquisition involves 58,23,425 equity shares, giving L&T RPL complete ownership and control of IGSL, a real estate company with development rights in Gurugram, Haryana.

The company said the transaction will enable it to leverage IGSLs land bank to expand and strengthen its real estate development portfolio. IGSL holds licenses for residential development projects, aligning with L&T Realtys growth strategy.

IGSL, incorporated on 22 November 1993, has reported nil turnover over the last three financial years, including FY23, FY24 and FY25.

The deal does not fall under related party transactions, and the promoter group has no interest in the acquired entity. No regulatory approvals are required for the acquisition. The transaction is expected to be completed by 15 April 2026.

L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, operating across multiple geographies.

On a consolidated basis, L&T’s net profit declined 4.27% year-on-year to Rs 3,215.11 crore in Q3 FY26, even as revenue from operations rose 10.48% to Rs 71,449.70 crore in Q3 FY26.

Shares of Larsen & Toubro added 1.61% to end at Rs 3,959.90 on 10 April 2026.

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Airfloa Rail bags from Rail Coach Factory Kapurthala for LHB coach modules

by Hansraj Agrawal | Apr 11, 2026 | Share Market

Last Updated : Apr 11 2026 | 11:16 AM IST

Airfloa Rail Technology said that it has secured a domestic order worth Rs 1.25 crore from Rail Coach Factory Kapurthala for the supply of luggage rack modules for LHB non-AC and AC chair car coaches.

The contract, awarded by a domestic entity, will be executed within four months and is subject to Indian Railways standard conditions of contract and the General Conditions of Contract for the Stores Department, along with applicable addendums. The scope includes third-party inspection by a nominated agency.

As per the payment terms, 95% of the order value will be released upon submission of the inspection certificate and proof of dispatch or delivery, while the balance 5% will be paid after receipt, inspection, and acceptance by the consignee.

The company confirmed that the order does not involve any related party transaction and that its promoter group has no interest in the awarding entity.

Airfloa Rail Technology is primarily engaged in the manufacturing of components used in rolling stock for Indian Railways, supplying through railway production units such as the Integral Coach Factory (ICF) and other coach factories. The company also undertakes turnkey interior furnishing projects for Indian Railways. In the aerospace and defence sectors, it manufactures intricate, highly engineered, and critical components. Along with Indian Railways, the company also serves other railway factories and global rolling stock OEMs. The company recorded revenue from operations of Rs 192.39 crore and net profit of Rs 25.56 crore for the year ended 31 March 2025. Shares of Airfloa Rail Technology added 3.60% to end at Rs 332.10 on 10 April 2026.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 11 2026 | 11:16 AM IST

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