Markets

CSM Technologies Adopts Fair Disclosure Code for Unpublished Price Sensitive Information CSM Technologies Ltd has formally adopted a comprehensive Code of Practices and Procedures for the Fair Disclosure of Unpublished Price Sensitive Information (UPSI), effective from August 12, 2025. The policy was formulated by the Board of Directors to ensure transparency and fairness in market dealings concerning its securities.The new code outlines the company’s commitment to preventing the misuse of UPSI and maintaining timely and adequate disclosure practices. It stipulates that all events or occurrences which could potentially impact price discovery in the market for CSM Technologies' securities must be managed through this defined framework...

GNA Axles Ltd Announces Board Meeting to Approve Q1 2026-27 Unaudited Financial Results G N A Axles Limited has scheduled a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the First Quarter of the financial year 2026-27.The board meeting is slated for Thursday, July 16th, 2026. The meeting will be held at the company's Corporate Office in VPO Mehtiana, District Hoshiarpur, and through Video Conferencing, among other modes.During the meeting, directors are scheduled to consider and approve the Unaudited Financial Results of GNA Axles Limited. These results pertain to both the standalone and consolidated performance for the First Quarter ended June 30, 2026, corresponding to the financial...

Ethos Limited Selected to Host Grand Prix d'Horlogerie de Genève Exhibition in Mumbai Gurugram, India; July 02, 2026 - Ethos Limited, recognized as India's largest retailer of luxury watches, has announced that it will host the prestigious Grand Prix d'Horlogerie de Genève (GPHG) Exhibition 2026 in Mumbai. The event is set to showcase exceptional timepieces and represents a major milestone for the country's growing luxury watch industry.The GPHG awards are globally recognized as the "Oscars of Watchmaking." This exhibition features finalist watches from the year's competition, which spans across 15 distinct categories. These pieces represent the pinnacle of innovation, design, craftsmanship, and artistic excellence in contemporary...

India Japan Partnership Surges: Strategic Agreements Promise $10 Billion Investment, AI Breakthroughs, and Energy Security Resilience The strategic bond between India and Japan received a significant boost following the joint press statement issued during Prime Minister Takauchi's visit to Delhi. The meeting cemented shared priorities across technology, defense, and economic resilience, underscoring both nations' commitment to fostering a free and prosperous Indo-Pacific region. Officials emphasized that mutual trust remains the greatest strategic asset in today's volatile global landscape.Accelerating Economic Growth: Investment Pledges Set for Next Decade The bilateral relationship is experiencing robust growth, marked by...

CSM Technologies Ltd Designates Key Managerial Personnel for Materiality Assessment and Disclosures CSM Technologies Ltd, formerly known as CSM Technologies Private Limited, has specified its Key Managerial Personnel (KMP) authorized to determine the materiality of events and information for making disclosures to stock exchanges.The designations cover critical executive functions within the company, ensuring defined responsibility in reporting processes. The designated KMPs are responsible for managing the assessment of material events.Key managerial personnel involved in determining the materiality of events and fulfilling disclosure obligations include:NameDesignationMr. Priyadarshi PanyManaging Director & Chief Executive...

Adani Launches $11.5 Billion Mega Plant in Odisha, Cementing Massive Investment in India's Metallurgy Future Adani Enterprises Ltd (AEL) has announced a landmark strategic joint venture set to redefine industrial infrastructure in Eastern India. In a major move signaling robust commitment to domestic manufacturing, AEL partnered with International Resources Holding (IRH), an IHC group company, to launch an integrated aluminium facility in Odisha. The deal represents a monumental investment into the country's heavy industry sector.The partnership involves the development of an ambitious $11.5 billion project in Odisha. This initiative saw both Adani and government officials confirm that the proposed outlay is the largest Foreign Direct...

ADB Approves $182.89 Million Loan to Transform Karnataka's Public Education System The Asian Development Bank (ADB) has approved a significant $182.89 million loan aimed at fortifying the public school system in Karnataka. This crucial investment is designed to enhance access to quality education and substantially improve learning outcomes for over one million students across the state.Strengthening Karnataka's Educational Infrastructure The funding will support the "Strengthening Karnataka Public Schools Program." The initiative plans to create 500 integrated public school clusters throughout the state. These clusters are intended to deliver comprehensive education, ranging from pre-primary through secondary levels.The program is...

Dharti Proteins Changes ISIN Following Shareholding Restructuring and Capital Reduction Dharti Proteins Ltd., formerly known as Devika Proteins Limited, has successfully completed a corporate action involving a change in its International Securities Identification Number (ISIN). This change occurred following the execution of the company's Approved Resolution Plan under Corporate Insolvency Resolution Process (CIRP).The restructuring involved significant changes to the shareholding structure of the company. As part of the approved plan, the entire shareholding held by the erstwhile promoters and promoter group has been cancelled and extinguished. Furthermore, a proportionate reduction was implemented in the shareholding of existing...

HFCL Plunges After Multi-Month High as Analysts Weigh Near-Term Correction Against Exponential Growth Potential HFCL shares extended their decline for a second consecutive session on Thursday, trading down significantly after previously hovering near a multi-month high. The stock hit its 5 percent lower circuit at Rs 201.49 per share during early trading on the NSE. By around 2:05 p.m., buying had emerged at lower levels, stabilizing the shares at Rs 202.15, registering a decline of 4.69 percent.The daily correction follows a period of exceptional performance for the stock. While it hit resistance near multi-month highs, market participants are now witnessing profit booking following its sharp rally.Performance Metrics and Market...

Shri Dinesh Mills Ltd Announces Annual General Meeting Details Shri Dinesh Mills Ltd has scheduled its upcoming Annual General Meeting (AGM) for its members. The meeting is set to take place on Friday, August 14, 2026.The company specified that the AGM will be conducted at 12:00 noon. To accommodate stakeholders, the meeting will utilize a hybrid format through Video Conferencing (VC) and Other Audio Visual Means (OAVM).This event, as communicated on July 2, 2026, confirms the details for the Annual General Meeting of Shri Dinesh Mills Ltd members.Stock Price Movement As of 14:26, Shri Dinesh Mills Ltd. is ticking down slightly at ₹350.00, marking a -0.61% drop for the shares. Throughout the day, the stock traded between an...

Bank of Baroda Settles High-Stakes Litigation with NMC Entities in $600 Million Settlement Bank of Baroda has concluded a protracted dispute regarding insolvency and civil proceedings involving several NMC entities. The bank entered into an out of court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd. The payment was settled by the bank's Abu Dhabi Branch.The litigation involved two major proceedings: the ADGM Proceedings (Case Nos. ADGMCFI-2022-299 & ADGMCFI-2020-020) before the Abu Dhabi Global Market Court of First Instance, and the English Proceedings (Case No. BL-2022-002097) before the High Court of Justice in England and Wales.The dispute covered insolvency and civil matters...

Newgen Software Technologies Names Tarun Nandwani CEO Amid Key Executive Appointments Newgen Software Technologies Limited has announced significant changes in its senior management, following a Board meeting held on July 02, 2026. The Board approved the appointment of Mr. Tarun Nandwani as Chief Executive Officer (CEO), along with the designation of Mr. T. S. Varadarajan as Vice Chairman, and the appointment of Mr. Pramod Kumar as Chief Growth Officer (CGO).The appointments follow the notification of Mr. Virender Jeet’s resignation from the position of CEO and Key Managerial Personnel (KMP), which was set to be effective from the close of business hours on August 31, 2026.Appointment Details and Profiles In response to these...

Bannari Amman Sugars Faces Fresh Recovery Proceedings Over Rs 12 Crore Tax Alleged Under Electricity Act Bannari Amman Sugars Limited has received proceedings from the District Collector, Erode District, directing the recovery of a significant sum related to tax and interest allegedly payable under the Tamil Nadu Tax on Consumption or Sale of Electricity Act, 2003. The total amount directed for recovery is Rs 12,72,30,170/- (Rupees Twelve Crores Seventy Two Lakhs Thirty Thousand One Hundred and Seventy only).The proceedings concern a sugar unit located at Alathukombai Village in Sathyamangalam Taluk, Erode. The company received the copy of these proceedings from the District Collector on July 1, 2026.Legal Background and Historical...

Steel City Securities Hit With Monetary Penalty by NSE over Alleged Violations Steel City Securities Limited announced that it has received a monetary penalty from the National Stock Exchange of India Limited (NSE) concerning alleged violations. The penalty was imposed following observations contained in correspondence issued by the exchange.The fine levied on Steel City Securities Limited amounted to 2,07,800/-. This action pertains to certain alleged violations detailed under Exchange Circular No. NSE/INSP/53530 dated September 02, 2022.Following the imposition of the penalty, the company confirmed it is currently examining the observations received in the communication. Steel City Securities Limited stated that it will take...

Sharp India Limited approves name change and comprehensive object alteration for strategic diversification Sharp India Limited, incorporated in 1985 and operating in the electronics sector, has approved significant changes to its corporate structure following a Board meeting held on July 02, 2026. The Board considered and approved the company's name change from 'SHARP INDIA LIMITED' to 'SMAART TECH SERVICES LIMITED'.The resolutions passed during the meeting included the approval of the name alteration, modifications to the Memorandum of Association (MoA) and Articles of Association (AoA), and the adoption of a new set of AoA in line with the Companies Act, 2013. The Board also approved the preparation of financials on a Going Concern...

NBCC Awards Rs 955.13 Crores in Contracts During Q1 FY2026-27 NBCC (India) Limited has secured a total contract value of Rs 955.13 crores from projects awarded during the quarter ended June 30, 2026. This work award is considered part of the company’s normal course of business for the first quarter of Fiscal Year 2026-27 (April to June 2026).The contracts cover a variety of large-scale construction and redevelopment projects across multiple states, including Manipur, Uttar Pradesh, Goa, West Bengal, and Delhi.Project Award Breakdown The awarded works for the first quarter include major projects spanning various sectors:April 2026: The company was awarded Rs 76.29 crores for the Construction of Permanent Campus of JNV at Noney...

Ajanta Pharma Ltd Receives USFDA Inspection Report for Paithan Manufacturing Facility Ajanta Pharma Ltd has announced the receipt of the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) concerning its manufacturing facility located in Paithan, Maharashtra.The USFDA conducted the Good Manufacturing Practices (cGMP) inspection of the Paithan facility between April 13, 2026, and April 21, 2026. The company has received the final report from the regulatory body.Ajanta Pharma stated that the inspection has been classified as Voluntary Action Indicated (VAI). The successful completion of this critical inspection provides insight into the operational status of the facility.AJANTPHARM Stock...

Arcotech Limited Secures Approval for One Time Settlement After Financial StressArcotech Limited has received approval for its One Time Settlement (OTS) proposal following periods of financial stress and defaults on payment obligations to its consortium of Banks and Financial Institutions, referred to as 'the Lenders'. The company's accounts had been classified as a Non-Performing Asset (NPA), leading Arcotech to request an OTS after restructuring attempts were unsuccessful.The approval for the One Time Settlement has been granted by all secured lenders within the Consortium/JLF, including Banks and Financial Institutions who provided credit facilities to the company. The terms and amount of the OTS have been agreed upon between...

Dhara Rail Projects Secures Work Order Worth Rs 8.19 Crores for Engine Overhauling Dhara Rail Projects Limited has secured a significant work order valued at Rs 8,19,66,839.75 to execute the overhauling of Cummins Make Diesel Engines (Type NT- 855R). The contract was awarded by the Sr. Divisional Electrical Engineer/EMU/GZB, Electrical EMU Car Shed in Uttar Pradesh, India.The order relates to the overhaul of specific diesel engines and spans a period of 36 months. This domestic contract highlights the company's operational capacity in specialized maintenance and repair services within the railway sector.Key details regarding the secured business are summarized below:ParticularsDetailsAwarding EntitySr. Divisional Electrical...

Revolt Motors Launches RVX, Its Most Powerful Electric Bike Yet, Featuring 5.3 kW Peak Power Revolt Motors, a wholly owned subsidiary of RattanIndia Enterprises Limited, has launched its all-new electric bike, RVX. Positioned as their most technologically advanced and powerful offering, the RVX is designed to cater to a generation that demands performance, intelligence, and individuality in their mobility choices.The introductory ex-showroom price for the RVX is set at ₹ 1.24 lakh, inclusive of applicable PM E-DRIVE incentives, and it will be available across India through Revolt's network of over 200 dealerships. Customers residing in Delhi, benefiting from the new Delhi EV Policy and associated incentives, can acquire the RVX for an...