Markets

Medplus Health Services Subsidiary Faces Drug License Suspension in Bangalore Medplus Health Services Limited confirmed that its subsidiary, Optival Health Solutions Private Limited, has received a suspension order regarding one of its drug licenses. The action was initiated by the Assistant Drugs Administration Bangalore concerning a store located in Subramanyanagar Rajajinagar in the state of Bangalore.The suspension pertains to violations committed under Rule 65 of the Drugs and Cosmetics Act, 1940 and the Drugs and Cosmetics Rules, 1945.Details regarding the regulatory action are as follows:Authority NameNature of Action TakenDate Order ReceivedAlleged ViolationImpact on Financial OperationsAssistant Drugs Administration...

JTEKT India Limited Clarifies Significant Increase in Security Volume, Attributes Movement to Market Conditions JTEKT India Limited has addressed concerns regarding a significant increase in the volume of its security traded across exchanges. The company stated that it possesses no information or impending announcement that would affect the Price/Volume behavior of the security as traded, clarifying the nature of the market movement.The management of JTEKT India Limited confirmed that they are not connected to any increase in the Price/Volume of the company's security. The limited clarified that whatever rise in the volume is observed is purely due to market conditions and is absolutely market driven.The company also noted that it...

Sensex Rockets as Blue Chip Stocks Surge; Market Extends Gains, Nifty Approaches 24,200 Indian benchmark indices closed strong on July 2, extending their gains through broad-based buying activity across multiple sectors. The rally saw the Sensex close at 77,502.12, climbing 579.48 points or 0.75 percent. The Nifty was also robust, finishing at 24,175.70, marking a gain of 169.85 points or 0.71 percent.Broad-Based Buying Fuels Index Rally The market continued its firm start with sustained momentum across the board. Key drivers for this session included strong performances in the IT, auto, and realty sectors. Smallcap indices outperformed significantly, indicating robust underlying sectoral health. The Nifty Midcap 100 advanced 0.5...

United Drilling Tools Secures INR 38.86 MN Repeat Order from Vedanta Limited New Delhi, July 02, 2026 – United Drilling Tools Ltd. (UDTL), a prominent manufacturer of specialized high-technology equipment for the oil and gas sector in India, has secured a repeat order from Vedanta Limited (Cairn Oil & Gas). The contract involves the supply of Critical Oilfield Equipment, specifically Tubing, Pup Joints, and Crossovers, valued at INR 38.86 MN.The renewed business relationship with Vedanta Limited reflects the successful execution of an earlier contract for similar products and underscores the continued confidence that Vedanta has in UDTL’s manufacturing capabilities and product quality. This repeat order solidifies UDTL's status as a...

Credent Global Finance’s AMPL Capital Stock sees Open Offer Corrigendum detailing 26% ShareholdingsThe open offer pertaining to AMPL Capital Limited (formerly Credent Global Finance Limited) has been subject to a corrigendum, clarifying the details of the transaction that triggered the mandatory open offer. The modification was issued by Novus Capital Advisors Private Limited, the Manager for the Open Offer, concerning the acquisition of equity shares by DP Global Wealth Management LLP, Mr. Vikas Kataria, and Ms. Supriya Kataria (PAC).The mandatory open offer is linked to a significant market purchase made by the Acquirers and PAC. The details of this underlying transaction are provided below:Details of Underlying Transaction...

Shah Foods clarifies stock price movements, attributes volatility to market forces Shah Foods Ltd has stated that the movement in its securities is driven by prevailing market forces, investor sentiment, and external factors outside of the company's control.In clarifying matters related to significant price activity in its shares, the Company assured stakeholders that it has maintained promptness in all material disclosures and has not withheld any essential information concerning the business.The management clarified that they do not possess any internal information or developments that would justify the current stock movement. Consequently, Shah Foods confirmed that it is unable to comment on market speculation surrounding its...

Munjal Auto Industries Ltd States Share Price Movement Is Market Driven Munjal Auto Industries Ltd has issued a clarification regarding the significant movement observed in its share price. The company stated that it is not aware of the specific reason behind the price changes, attributing the movement entirely to market dynamics.The management of Munjal Auto Industries reiterated that the variation in the stock price is purely market driven and could be a combination of various underlying market factors.In response to the query regarding the share price volatility, the company affirmed that its operations are not connected in any way with the movements observed in its shares.Munjal Auto Industries concluded by reaffirming its...

LG Electronics India Secures Favorable GST Order after Demand is Dropped for FY 2021-22 LG Electronics India Ltd has successfully resolved a tax matter concerning its financial year 2021-22. The company received an order from the Joint Commissioner GST, issued on July 1, 2026, which concluded favorably in the company's favour.The resolution pertains to a Show cause notice dated May 26, 2026, that had been issued under Section 74 of the CGST Act, 2017 and relevant provisions of the Uttar Pradesh GST Act, 2017.The dispute centered on allegations of excess availment of Input Tax credit during FY 2021-22, based on reconciliation differences observed in GST returns. Following adjudication by the GST Authority, which was completed on July...

Quality Surge: Government Mandates Drastic Reduction in Broken Grains, Elevating Rice Quality for 80 Crore Beneficiaries The Cabinet Committee on Economic Affairs (CCEA) has approved a landmark reform set to significantly enhance food quality under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and other vital welfare schemes. This historic decision marks the first revision of rice quality specifications in nearly three decades, ensuring that beneficiaries receive higher-quality grains while maintaining their current entitlements.The new standards address grain integrity directly. For raw rice supplied under PMGKAY, the permissible broken grain content will be reduced to a maximum of 10%, down from the previous specification of...

Boston Commerce Ltd Board Meeting Set to Address Major Financing, Restructuring, and Governance Matters Boston Commerce Ltd, formerly known as Boston Bio Systems Limited, has scheduled a Board of Directors meeting for Tuesday, July 7, 2026. The agenda includes comprehensive reviews covering significant financial structuring, operational capacity expansion, and key governance appointments.The board is set to discuss several critical matters aimed at strengthening the company's capital base and operational framework through Financial Year 2028-29. Key approvals under consideration include:Capital Approvals: The meeting will address requests related to securing funds up to an aggregate amount of ₹100 Crores for each financial year...

Indian Railways Surges with 4% Freight Growth and Massive Expansion of Modern Passenger Services Indian Railways reported robust operational performance in June 2026, cementing its role as a core driver of national economic momentum. The state-owned giant registered steady growth across both freight movement and passenger traffic. This twin surge underscores sustained investments aimed at strengthening logistics chains while simultaneously enhancing travel convenience for the masses.Freight Loading Registers Robust Growth Across Core Sectors Indian Railways successfully loaded 142.21 million tonnes of freight in June 2026, marking a significant 4 per cent increase compared to the previous year's figure of 136.71 million tonnes. This...

Airfloa Secures ₹ 1.21 Crores Order for Panelling Work from Indian Railways Airfloa Rail Technology Ltd has secured a new contract valued at ₹ 1.21 Crores from Indian Railways. The order is specifically from Furnishing Division, Integral Coach Factory, Chennai - 600038, and pertains to the supply and installation of panelling for rail coaches.The business opportunity involves supplying and installing 26 sets of panelling covering the side wall, partition, and roof as part of the work assigned by Indian Railways. The company was awarded the domestic order on July 2, 2026.The contract is subject to Indian Railways Standard Conditions of Contract (Latest Edition) and General Conditions of Contract for the Stores Department of Indian...

IRB Infrastructure Approves Postal Ballot for Extension of Project Agreements with 12 SPVs IRB Infrastructure Developers Ltd announced that its Board of Directors had approved a Postal Ballot notice to seek member approval regarding material related party transactions. The resolution pertains to the extension of existing agreements involving operation and maintenance O&M works and project management services provided by the company.The transaction involves IRB Infrastructure Developers providing these services in relation to 12 Project SPVs under IRB Infrastructure Trust.The Board meeting held on July 2, 2026 approved the necessary steps for conducting the Postal Ballot. The proposed resolution aims to secure member approval for the...

Shadowfax Technologies Grants 780,424 Stock Options Under ESOP Plan Shadowfax Technologies Ltd has announced the grant of stock options to eligible employees under its Employee Stock Option Plan 2016 (SFX ESOP 2016). The Nomination and Remuneration Committee (NRC) of the company granted a total of 7,80,424 stock options, effective from July 01, 2026.The decision to grant the options was made by the NRC in accordance with the terms of the SFX ESOP 2016. Each option is set at an exercise price of Rs. 10/- per option and is convertible into one fully paid-up equity share, which also has a face value of Rs. 10/-.Key terms related to the granted options were detailed in the supporting documents. The details provided indicate that while...

IRB InvIT Fund to Acquire Tollway Assets SYTL and CGTL in Strategic Portfolio Expansion IRB InvIT Fund is set to acquire Solapur Yedeshi Tollway Limited (SYTL) and CG Tollway Limited (CGTL), two tollway SPVs, from IRB Infrastructure Trust. This acquisition forms part of the Trust’s strategy to expand its portfolio size, enhance revenue stability, and achieve geographical diversification within the infrastructure sector.The Proposed Transaction involves IRB InvIT Fund acquiring 100% of the equity shares of both Target SPVs (SYTL and CGTL), which are currently held by Private InvIT. Beyond the acquisition of the Sale Shares, the Public InvIT has agreed to provide shareholder loans to each of the Target SPVs. The proceeds from these...

Saraswati Saree Depot Reports FY26 Results; Audit Issues Qualification over Stock Records Saraswati Saree Depot Ltd has released its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors had approved these results on May 29, 2026. Concurrently, the annual audit was issued with a qualified opinion regarding the company's stock records.The audited financial statements detail operations across different periods, including the quarter ending March 31, 2026, and previous reporting periods. The company also confirmed the appointment of M/s. Ajit M. Joshi and Associates as its Internal Auditor for the Financial Year 2026-27, following recommendations from the Audit Committee.Financial...

Bank of Baroda Reports Strong Growth as Global Business and Advances Increase Bank of Baroda has reported robust growth across key financial indicators as of June 30, 2026. The bank saw significant year-on-year increases in its global business, advances, and deposits.As of the end of Q2 FY27, Bank of Baroda's Global Business grew by 15.46% compared to the previous year, reaching ₹ 30.51 trillion. Furthermore, Global Advances witnessed a strong increase of 17.42% YoY, amounting to ₹ 14.17 trillion.The bank also recorded substantial growth in its customer deposits. Global Deposits increased by 13.81% as of June 30, 2026, reaching ₹ 16.34 trillion.Detailed performance data for Bank of Baroda across various metrics is provided below...

Shri Niwas Leasing Confirms Stock Price Movement Is Market Driven Shri Niwas Leasing and Finance Ltd has clarified that fluctuations and surges in its stock price are solely market driven, stating that the company holds no control over external market movements.The financial services firm issued a statement confirming that there are currently no internal events or material information that require disclosure regarding recent stock volatility.In addressing concerns related to "Price Movement," Shri Niwas stated that the company remains committed to ensuring timely disclosures of any future events or information as required, and will continue to uphold its commitment in the future.Stock Price Movement Shri Niwas Leasing And Finance...

USFDA Completes Inspection at OneSource Specialty Pharma's Sterile Product Division Facility OneSource Specialty Pharma Limited has announced the completion of a routine current Good Manufacturing Practices (cGMP) inspection conducted by the United States Food and Drug Administration (USFDA).The USFDA inspected the Sterile Product Division (SPD) facility of OneSource Specialty Pharma, located in Bengaluru. The inspection took place from June 22, 2026, to June 30, 2026.Following the conclusion of the routine cGMP review, the company received one observation. OneSource Specialty Pharma stated that it will provide a comprehensive response to the FDA regarding this observation within the stipulated timeframe.ONESOURCE Stock Price...

Ador Welding Limited to Hold 73rd Annual General Meeting on July 23, 2026 Ador Welding Limited has announced the schedule for its 73rd Annual General Meeting (AGM) for the financial year 2025-26. The AGM is set to be held on Thursday, July 23, 2026, at 11:30 AM (IST), utilizing an electronic mode of Video Conferencing (VC).The company has made the Annual Report for FY 2025-26 available online. Shareholders who do not have their email addresses registered with the Company or with the Depository can find complete details and the required web-link through its official website, at https://adorwelding.com/financials/annual-reports/.Shareholder Advisory and KYC Requirements The company also issued a notice to all shareholders regarding...