Markets

CMR Green Technologies Releases Standalone and Consolidated Audited Financial Results for FY 2025-26 CMR Green Technologies Limited has published the extract of its Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026. The results were subsequently featured in newspaper advertisements published on Thursday, July 02, 2026, in Financial Express (English) and Jansatta (Hindi).The company also made these results available on its official website.Financial Performance SummaryThe financial data for the quarter and full year are detailed below:MetricStandalone (Quarter Ended)Standalone (Year Ended)Consolidated (Quarter Ended)Consolidated (Year Ended)1 To...

AI Fears Don't Halt Rebound: Nifty IT Index Surges as Brokerage Refutes 'Death Knell' Narrative The information technology sector staged a significant rally on July 2, snapping its losing streak and showing strong signs of resilience. The Nifty IT index climbed sharply, trading up 4.5% at one point to reach 26,946.35, following a steep decline in the previous session.This sharp recovery follows a four-session slump during which the sector had declined by 6.5%. Market experts suggest that improving sentiment, coupled with attractive valuations, is fueling this renewed buying interest.The Sector's Trajectory and Ongoing Concerns The Nifty IT index had been under sustained pressure since early February. The overall trend saw a decline...

Crompton Greaves Secures ₹29.77 Crores Order from MSEDCL for Solar Pumping Systems Crompton Greaves Consumer Electricals Limited has been awarded a significant contract by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order, which covers work under the MTSKPY/ PM-KUSUM-B scheme across various locations in Maharashtra State, has a total value of approximately ₹ 29.77 Crores, excluding GST.The contract details the complete scope of work for Crompton Greaves, including design, manufacture, supply, transport, installation, testing, and commissioning of the SPWPS. The order involves the provision of these systems along...

Rushil Decor Limited Certifies Compliance Regarding Insider Trading Controls for Q1 FY27 Rushil Decor Limited has confirmed adherence to structured digital database (SDD) requirements concerning insider trading through a recent compliance certificate covering the quarter ended on June 30, 2026. The certification details the integrity and maintenance of the company’s systems designed to monitor and control the handling of unpublished price sensitive information (UPSI).The Compliance Officer for Rushil Decor Limited confirmed that the company maintains an active Structured Digital Database. The certification ensures that controls are in place regarding who can access this database. Furthermore, all UPSI disseminated during the previous...

Indbank Merchant Banking Services Schedules Board Meeting to Discuss Q2 Un-audited ResultsIndbank Merchant Banking Services Ltd has scheduled its 202nd Board Meeting of Directors to review and approve the un-audited financial results for the quarter ending June 30, 2026.The meeting is set to be held on Wednesday, July 8, 2026, in Chennai. The primary agenda item for the Board will be considering and approving the company's performance during the specified fiscal period.INDBANK Stock Price Movement As of 1:12 PM, Indbank Merchant Banking Services Limited shares are edging higher in live trading, currently standing at ₹33.45 after gaining 0.15% (₹0.05). The stock is seeing active interest during the day, with a total traded volume...

NCLAT Approves Resolution Plan for KSS Limited in CIRP Amid Appeals Settlement The resolution plan submitted by Micro Capitals Private Limited for KSS Limited, a company undergoing Corporate Insolvency Resolution Process (CIRP), has been approved by the National Company Law Appellate Tribunal (NCLAT). The order was passed by the NCLAT on June 30, 2026.The approval follows the settlement of two appeals before the Tribunal, concerning the fate of the resolution plan that had previously been rejected by the Adjudicating Authority. This plan was submitted by Micro Capitals Private Limited (the Successful Resolution Applicant) and sought to address the company's insolvency status under the provisions of the Insolvency and Bankruptcy Code...

V-Mart Retail Ltd details operational scale, sustainable commitments in FY 2025-26 V-MART RETAIL LIMITED, a retail entity established in 2002, is committed to integrating sustainability into its core business strategy. The company reported comprehensive operational and environmental performance data for the Financial Year 2025-26 (April 01, 2025 to March 31, 2026).The company's primary business activities are segmented across three categories: Retail Trade focusing on Apparel (79%), Retail Trade focusing on FMCG (11%), and Non-Apparel (10%). These products constitute its main source of turnover.Operational Footprint and Workforce Metrics V-Mart maintains a significant national presence, operating 577 stores and 7 offices across the...

Gradiente Infotainment Partners with Sravya Films for Feature Film "LGBT - A Legal Battle" Gradiente Infotainment Limited has entered into a strategic collaboration with Sravya Films, agreeing to be the Presenter of the feature film titled "LGBT - A Legal Battle." This partnership represents a concerted effort by Gradiente Infotainment to enhance its presence within the media and entertainment sector.The Memorandum of Understanding (MoU) was executed on July 2, 2026. The collaboration positions Gradiente Infotainment as the official Presenter of the cinematic project.Under the commercial arrangement established through the MoU, Gradiente Infotainment Limited will receive 40% of the net profits generated from the film's project...

40% of Code AI-Generated: Flipkart Surges Ahead by Building Specialized E-commerce LLMs in Digital Race Flipkart is rapidly accelerating its commitment to artificial intelligence (AI), revealing that nearly 35 to 40 percent of its software code is now generated by AI tools. The e-commerce giant is not merely utilizing existing AI assistants but is actively building specialized, proprietary Large Language Models (LLMs) designed specifically for the complex needs of the e-commerce ecosystem.Chief Product and Technology Officer Balaji Thiagarajan stated that Flipkart has deployed over 250 such models across its platform. This massive ramp-up aims to integrate AI deeply into customer experiences, seller services, and core engineering...

Siti Networks Limited Provides Update on Loan Status and Insolvency Proceedings Siti Networks Limited has provided an update regarding its financial indebtedness and ongoing insolvency resolution process, detailing various stages of judicial proceedings initiated under the Insolvency and Bankruptcy Code, 2016.The company's current financial health in relation to its debt obligations is reported across multiple categories, including loans and total financial indebtedness.Key figures related to loan facilities and total indebtedness are detailed below:Financial IndicatorAmount as on June 30, 2026 (INR crore)Amount as on February 22, 2023 (INR crore)Total Loan Amount Outstanding (Cash Credit/Revolving Facilities)1,206.031,500.00...

Balaji Amines Stock Surges 7% as Anti-Dumping Duty Hopes Ignite Specialty Chemical Rally Balaji Amines Ltd experienced a strong rally on Thursday, with shares jumping nearly 7 percent in trade. The surge was primarily driven by investor optimism surrounding the pending anti-dumping duty recommendations for ethylene diamine imports.At approximately 12 noon, Balaji Amines stock was trading at Rs 2,234, reflecting a 6.9 percent rise during the session. This rally marks significant momentum for the company; its stock has appreciated about 101 percent so far in 2026, significantly outpacing the Nifty 50, which is down 7.8 percent over the same period.Impact of Anti-Dumping Duty on Domestic Producers The government has recommended an...

RBI Rejects TTI Enterprise Ltd’s Application for Voluntary Surrender of NBFC Certificate TTI Enterprise Limited has received communication from the Reserve Bank of India (RBI) rejecting the company's application seeking voluntary surrender of its Certificate of Registration as a Non-Banking Financial Company (NBFC).The rejection follows the company's submission to the RBI, wherein it sought to voluntarily surrender the NBFC Certificate of Registration. This application was submitted because TTI Enterprise intended to discontinue its operations in the NBFC business sector.As a result of the RBI’s decision, the company's Certificate of Registration as an NBFC remains valid. Consequently, TTI Enterprise is obligated to comply with all...

RR MetalMakers India Approves Board Report and Schedules 31st Annual General Meeting RR MetalMakers India Ltd. conducted its Board of Directors meeting on Thursday, July 02, 2026. During the meeting, the company approved key items relating to its operations and future general meetings.The Board reviewed and sanctioned the Board's Report for the financial year 2025-26.Furthermore, the directors considered and approved the notice convening the 31st Annual General Meeting (AGM) of the Company. The AGM is scheduled to be held on Friday, August 07, 2026, utilizing Audio Visual Means.Stock Price Movement As of 10:14, RR MetalMakers India Ltd is currently edging down slightly, trading at ₹51.99, representing a 2% pullback today. The...

SRM Contractors Ltd receives rating upgrades for bank facilities from CareEdge Ratings SRM Contractors Ltd has seen an improvement in the credit ratings of its banking facilities, following a review conducted by CareEdge Ratings Limited. The company’s borrowing limits have been upgraded across several categories based on recent operational and financial performance reviews for FY26 (Audited).CareEdge Ratings Limited provided the rating updates, reflecting the enhanced long term and short term bank facilities availed by SRM Contractors Ltd. These ratings indicate an improvement in the company's standing regarding its banking commitments.The facilities were rated across both Long Term Bank Facilities and combined Long Term / Short...

Textile Stocks Surge Amid Global Re-shoring Trend and New Trade Deal Hopes The Indian textile industry is showing significant momentum, with specialized stocks outperforming the broader market significantly. Driven by incoming global trade pacts and a concurrent trend of international brands shifting their sourcing away from China and other Asian competitors, textile exporters are becoming key beneficiaries in the current market upswing.A Bloomberg-compiled equal-weight gauge tracking eight textile exporters has risen over 30% this year. This sharp ascent stands in stark contrast to the benchmark NSE Nifty 50 Index, which has seen an 8% decline during the same period. The sector is capitalizing on improved competitiveness thanks to...

Kernex Successfully Commissions Kavach Version 4.0 on North Central Railway, Expanding Safety Coverage Kernex Microsystems India Ltd has achieved a major milestone with the successful commissioning of its indigenous Kavach Version 4.0 system on the North Central Railway. The project significantly enhances railway safety and operational capability across key sections of the rail network.As reported by Indian Railways, the upgraded Kavach Version 4.0 was commissioned on the 207 km Tundla-Panki Dham section of the North Central Railway. This deployment contributes substantially to the overall safety infrastructure, with the total Kavach Version 4.0 coverage in the North Central Railway increasing to 652 route kilometres. Of this total...

Deccan Health Care Ltd Appoints Mr. Tushar Mandal as Chief Financial Officer Deccan Health Care Ltd announced the appointment of Mr. Tushar Mandal as the new Chief Financial Officer and Key Managerial Personnel of the company. The appointment, effective from July 2, 2026, was made by the Board of Directors following recommendations from the Nomination and Remuneration Committee and the Audit Committee.Mr. Mandal will assume the role of CFO, and his appointment is detailed as part of the company's ongoing financial operations structure. Mr. Tushar Mandal has been a significant part of Deccan Health Care Ltd for over eight years, during which he managed the company’s financial operations and functions. The appointment concerns the...

JD Cables Ltd receives Credit Rating Upgrade for Bank Facilities from IVR BBB-/Stable to IVR BBB/Stable JD Cables Ltd has seen a revision and upgrade in its credit rating assigned by Infomerics Valuation and Rating Limited. The company's total bank loan facilities were rated upgraded following the assessment conducted by the agency.The revised ratings, published on July 1, 2026, reflect the improved standing of the company’s lending profile with various financial institutions.According to the rating assignment details provided by Infomerics, the revision targeted the Total Bank Loan Facilities Rated. The facility size was reported as ₹ 71.70 Crores prior to the revision and was subsequently raised to ₹ 83.00 Crores following the...

Penalty Imposed on Ginni Filaments Limited Reversed by Appellate Authority Ginni Filaments Limited has received an order setting aside a significant penalty previously imposed upon it, resolving the matter relating to Rs 10,00,000/- that had been disclosed in March 2025. The appeal filed by the company with the Special Director (Appeals), FEMA, Kolkata, was allowed and the adjudication order has been overturned.The original penalty of Rs 10,00,000/- had been imposed by the Deputy Director, ED, FEMA, Lucknow Zonal Office. Ginni Filaments Limited subsequently appealed this decision.The Appellate Authority reviewing the case noted that the company made genuine efforts regarding the realization of export proceeds. Consequently, the...

Bright Outdoor Media Adds Premium Hoarding Asset, Boosting Visibility in MiraBhayandar Corridor Bright Outdoor Media Limited, a major player in India's out-of-home (OOH) advertising sector, has expanded its high-impact inventory by adding a new premium hoarding asset located in the rapidly developing Mira-Bhayandar corridor. This addition further solidifies the company's strategic presence in one of the key transit destinations within the Mumbai Metropolitan Region.The newly commissioned asset measures 30 ft. by 30 ft. on both its front and back faces, providing a total of 1,800 sq. ft. of high-visibility advertising space. This launch comes following the successful unveiling of two existing landmark hoardings at the same location...