Markets

Amazon Vows Action After Devastating Fire Claims Two Worker Lives at Delivery Partner Facility in Uttarakhand Amazon, one of India's largest e-commerce giants, has promised decisive action against a third-party delivery partner following a fatal fire incident. The tragedy occurred at M&M Logistics Solutions in the northern state of Uttarakhand on June 5, resulting in the deaths of two workers. Amazon stated it will take "appropriate action" once the local police investigation concludes.The company has simultaneously initiated an independent internal review into the disaster. A source with direct knowledge confirmed that this internal probe is underway, ensuring organizational oversight during the critical period. M&M Logistics...

JTEKT India States Stock Volume Surge Is Purely Market DrivenJTEKT India Limited has addressed the recent significant increase in its stock volume and price movement across exchanges, clarifying that no material company news is influencing these trends.The company stated that it holds no information or pending announcements that could affect the Price/Volume behavior of its security and are necessary to disclose to stock exchanges. Management confirmed that they are not connected to any rise in the security's volume or price.According to the company, the observed increase in Price/Volume is entirely due to market conditions and is purely market driven. The statement confirms that JTEKT India has been consistently disseminating...

International Licensing Agreement Signed for Short Film 'Laash' by Panorama Studios Panorama Studios International Ltd has entered into a licensing agreement with PIK Entertainment Films and Televisions Network regarding the syndication of Non Theatrical Rights for their short film, 'Laash'.The agreement grants the rights to PIK Entertainment Films and Televisions Network for the syndication of Non Theatrical Rights globally, including within India.Details of the short film include that it stars Bibhuti Biswal and Sibani Patra, among others, and was directed by Mr. Manoj Kumar Bag.Stock Price Movement Panorama Studios International Ltd closed out the trading day strong on Thursday, settling at ₹48.20, which reflected a gain of...

Subhash Kelkar Appointed Executive Director at National Securities Depository Ltd (NSDL) National Securities Depository Limited (NSDL) has appointed Mr. Subhash Kelkar as an Executive Director for Critical Operations within its Governing Board. The appointment is effective from July 02, 2026, and grants him a tenure of five years.Mr. Kelkar joins the NSDL board in the role of Executive Director - Vertical 1 (Critical Operations). This strategic addition aims to leverage his extensive experience in mission-critical market infrastructure and financial technology.Professional Profile The appointment follows a background characterized by nearly 33 years of experience in the finance sector. Mr. Kelkar possesses both academic...

Panorama Studios Subsidiary Secures Exclusive Global Rights for Short Film 'Laash' Panorama Studios Inflight LLP, a subsidiary of Panorama Studios International Limited, has executed an agreement with PIK Entertainment Films and Television Network. The deal covers the exploitation of the Airborne Rights for the short film titled 'Laash'.The partnership grants exclusive worldwide rights to PIK Entertainment Films and Television Network in relation to the short film 'Laash', including rights within India.The short film, which is starring Bibhuti Biswal and Sibani Patra among others, was directed by Mr. Manoj Kumar Bag. The agreement formalizes the exploitation of these specific Airborne Rights for the entire world.Stock Price...

IRB Executes Binding Term Sheet for Two BOT Highway Assets; Expands Sponsor Role Across 12 ProjectsIRB Infrastructure Developers Limited, a leader in India's roads and highways sector, has announced a significant milestone in its capital recycling strategy. The Company’s sponsored platforms, IRB Infrastructure Trust (the Private InvIT) and the IRB InvIT Fund (the Public InvIT), have signed a Binding Term Sheet for the transfer of two premium Build-Operate-Transfer (BOT) highway assets from the Trust to the Public InvIT.The definitive agreement was reached on July 2, 2026. The sale involves Solapur Yedeshi Tollway Limited (SYTL) and CG Tollway Limited (CGTL), which are both owned by IRB Infrastructure Trust.Key financial details of...

Marico Reports Strong Operating Performance in Q1 FY27; Expects Growth Driven by Core Business and Input Corrections Marico Limited has released a quarterly update providing an overview of operating performance and demand trends for the quarter ending June 30, 2026. The company highlighted robust activity across its Indian and international businesses while anticipating revenue growth driven by diversified operations and softening in raw material costs.Demand across the board remained steady during the quarter, supported by resilient economic activity. While Marico remains optimistic about consumption trends globally, it is closely monitoring evolving inflationary conditions and the impact of El Niño on the monsoon.India Business...

Paushak Ltd Sets Record Date for Dividend on Equity Shares; AGM Scheduled for July 30 Paushak Ltd has announced the record date for determining members' entitlement regarding dividend payment for the financial year ending March 31, 2026. The company set Thursday, July 23, 2026, as the official record date.The decision comes ahead of the scheduled meeting to approve the dividend payment. The subsequent payment is slated to commence on or from August 3, 2026.To finalize the matter, members of Paushak Ltd are required to attend the 53rd Annual General Meeting (AGM). This AGM is scheduled for Thursday, July 30, 2026, and will serve as the platform for approving the dividend payment.The key dates related to the dividend entitlement for...

Poonawalla Fincorp Announces 46th AGM, Releases FY 2025-26 Annual Report Poonawalla Fincorp Limited has announced the details for its 46th Annual General Meeting (AGM) and confirmed the availability of the Annual Report for the Financial Year (FY) 2025-26. The company also issued reminders regarding the shift toward electronic payments and investor KYC requirements.The 46th AGM is scheduled to be held on Friday, July 24, 2026, at 03.00 P. M. (IST). Members can attend the meeting via Video Conferencing (VC) facility or through Other Audio-Visual Means (OAVM).Annual Report Availability and Details The complete details of the Annual Report for FY 2025-26 are available on the company's website. For shareholders who have not registered...

CRISIL ESG Ratings Assigns Score of 69 to Home First Finance Company India Ltd CRISIL ESG Ratings & Analytics Limited has independently assessed and assigned an ESG score of 69 to Home First Finance Company India Ltd. The rating was delivered on June 30, 2026.The assessment by CRISIL ESG Ratings, a Category I SEBI registered ESG Rating Provider, reflects the company's environmental, social, and governance performance as of that date.The rating information issued by CRISIL ESG Ratings is available on the agency’s website for stakeholders wishing to review the details.HOMEFIRST Stock Price Movement Shares of Home First Finance Company India Limited settled today, shedding 0.51% to close at ₹1201.1 after trading in the financial...

Everest Kanto Cylinder Ltd Appoints Narender Prasad Gupta as CEO and Key Managerial Personnel Everest Kanto Cylinder Limited has appointed Mr. Narender Prasad Gupta as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), effective July 1, 2026.The appointment recognizes Mr. Gupta’s extensive experience in the automotive and manufacturing sector. The CEO holds a Master of Business Administration (MBA) from IMT Ghaziabad and is a Mechanical Engineer by qualification. He also possesses a Black Belt Certification in Lean Six Sigma Advance Supply Chain 2015.Mr. Gupta brings over 25 years of diverse experience to the role, specializing in business strategy, operations management, lean manufacturing, digital transformation...

Global Travel Landscape Shifts: Over 40% of Indians Choose Emerging Hotspots Like South Korea and Egypt, Says Tata AIG The patterns of Indian outbound tourism are undergoing a significant evolution. New insights from Tata AIG General Insurance Company reveal that more than 40 percent of domestic travellers are opting for emerging destinations such as South Korea, Sri Lanka, and Egypt for overseas holidays in FY26. This surge indicates a widespread shift away from traditional travel circuits toward a diverse array of global locations.The report highlights a growing digital footprint among the travelling public. A substantial segment of outbound tourists is under 50 years old, underscoring a younger, digitally engaged traveller base...

Bayer CropScience Announces 68th AGM and Declares Final Dividend for FY2025-26 Bayer CropScience Limited has set the date for its 68th Annual General Meeting (AGM) and announced details regarding the final dividend for the financial year 2025-26.The company's AGM is scheduled to take place on Wednesday, August 19, 2026, at 11:30 a.m. IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).Regarding shareholder returns, the Board of Directors has recommended a Final Dividend of Rs. 60/- per Equity Share for the Financial Year 2025-26. This dividend amount is subject to approval by the shareholders at the AGM.The company also confirmed that the payment date for the Final Dividend pertaining...

Swara Baby Products Files IPO Prospectus, Aiming Up To Rs 10,000 Million; Brainbees Retains Stake Swara Baby Products Limited has filed its Draft Red Herring Prospectus (DRHP), signaling plans for an Initial Public Offering (IPO) that aggregates up to Rs. 10,000 million. The IPO structure includes both a Fresh Issue of equity shares and an Offer for Sale (OFS), according to the company’s disclosures.The proposed offering consists of two components: a Fresh Issue of equity shares, aggregating up to Rs. 5,000 million; and an OFS component, also aggregating up to Rs. 5,000 million. Both tranches are subject to market conditions and requisite approvals.Strategic Shift and Investor Rationale The decision by Swara Baby to list...

Krishival Foods Announces First and Final Call for Partly Paid-up Rights Equity Shares Krishival Foods Ltd has announced the First and Final Call concerning its partly paid-up Rights Issue. The company issued 33,33,160 rights equity shares with a face value of ₹10 each at an issue price of ₹300 per share. Shareholders who are eligible for these shares are required to remit a balance amount aggregating to ₹64,99,66,200.The total amount payable towards the First and Final Call is ₹195 per partly paidup Rights Equity Share. This payment covers ₹6.50 towards the face value and ₹188.50 towards the securities premium.Krishival Foods Ltd has scheduled a meeting of its Rights Issue Committee for Tuesday, July 7, 2026, to address matters...

Accretion Pharmaceuticals Limited Announces Resignation of HR Manager Accretion Pharmaceuticals Limited has announced a change in its senior management following the resignation of Ms. Bandana Kumari from her role as HR Manager. The decision was made for personal reasons, and her tenure will officially cease effective from close of business hours on July 2, 2026.Ms. Bandana Kumari tendered her resignation from Accretion Pharmaceuticals Limited. She expressed gratitude for the opportunity to work with the organization during her tenure, stating that she gained significant knowledge while working in the company.The cessation of Ms. Kumari as HR Manager means the company is undergoing a transition in its human resources leadership...

Garlon Polyfab Industries Reports Financial Results for Quarter Ending September 2023 Garlon Polyfab Industries Ltd has released its unaudited financial results and cash flow statement for the quarter ending September 30, 2023. The company's financial standing shows trends in assets, liabilities, and profitability compared to the previous fiscal year ending September 30, 2022.The Balance Sheet details for Garlon Polyfab Industries are presented below:Financial MetricEnded 30/9/2023Ended 30/9/2022Total Assets6.396.17Shareholders Fund (Sub Total)-199.51-195.45Current Liabilities205.90201.62Focusing on the structure of the Balance Sheet, Non-Current Assets stood at 5.91 in the current year, compared to 5.76 in the...

IRB Infrastructure Developers Approves Project Implementation Agreements for Tollway Projects IRB Infrastructure Developers Ltd has approved entering into Project Implementation Agreements (PIA) with IRB InvIT Fund and related project Special Purpose Vehicles (SPVs). The agreements concern taking on the role of Project Manager for two major tollway projects: Solapur Yedeshi Tollway Limited (SYTL) and CG Tollway Limited (CGTL).The Board of Directors, meeting on July 2, 2026, sanctioned these PIAs. The arrangements involve managing both the SYTL project in Maharashtra and the CGTL project in Rajasthan.According to the details provided for the agreements, the Project Implementation Arrangement involves a fixed price consideration of...

Artefact Projects Ltd Awarded Contract for NH 544H Supervision in Tamil Nadu Worth Rs 3.15 Crore Artefact Projects Ltd has been awarded a significant contract by the National Highways Authority of India (NHAI) concerning the operation and maintenance supervision of a stretch of National Highway 544H in Tamil Nadu. The project, valued at Rs 3,15,84,415/- exclusive of GST, was secured by Artefact Projects Limited as part of a joint venture.The contract involves providing Consultancy Services of Supervision Consultant (SC) for the Operation and Maintenance of Two Lane with Paved Shoulder on NH 544H in the state of Tamil Nadu. This vital infrastructure project covers the stretch from Thoppur Mettur Bhavani to Erode Section, spanning KM...

NCLT Reserves Order on Composite Scheme of Arrangement involving HEG Limited The National Company Law Tribunal (NCLT), Indore Bench, has reserved its order concerning the proposed Composite Scheme of Arrangement involving HEG Limited and other entities.The scheme involves HEG Limited and HEG Graphite Limited, referred to as the Resulting Company, along with Bhilwara Energy Limited (BEL), designated as the Transferor Company. The arrangement pertains to the shareholders and creditors associated with the matter.This development relates to the Scheme Petition No. C.P.(CAA)/3/MP/2026, which is connected to the Company Scheme Application No. C.A.(CAA)/1/MP/2026 before the NCLT. The Tribunal reserved its decision during a hearing held on...