Markets

Shalibhadra Finance Posts Q1 FY27 Results; Net Profit for Quarter Ends June 30, 2026 Shalibhadra Finance Limited has released its un-audited financial results and operational metrics for the quarter ended June 30, 2026. The company reported a net profit of 491 lakh in this period.The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on August 12, 2026. The results are available for review alongside the Limited Review Report issued by M/s Vora & Associates, Chartered Accountants, the company’s statutory auditors.Quarterly Financial Highlights (Quarter ended June 30, 2026) The company reported significant figures across its income statement items in lakh:Total...

Raj Rayon Industries Greenlights Rs 650 Crore Phase II Expansion to Boost Specialty and Sustainable Polyester Capacity Raj Rayon Industries Limited (RRIL), an integrated polyester yarn manufacturer, has approved a significant Phase II expansion project, committing an investment of Rs. 650 crore at its Silvassa facility. The expansion is designed to reinforce the company's strategy of building a diversified portfolio centered on high-value, specialty, and sustainable polyester products.The Phase II initiative includes substantial capacity increases across core product lines, targeting full commissioning by CY2028.Key details of the expansion include:Polyester Yarn Capacity: An addition of 300 TPD (Tons Per Day). Recycled Polyester...

Titagarh Rail Systems Reports Q1 Results; Approves Chairman Reappointment Titagarh Rail Systems Ltd released its unaudited financial results for the quarter ended June 30, 2026, announcing the successful completion of board approvals. The company also disclosed significant strategic moves, including the sale of its entire shareholding in Titagarh Singapore Pte Ltd (TSPL), and noted performance related to discontinued operations.The Board of Directors approved the unaudited financial results (both standalone and consolidated) for the quarter ended June 30, 2026. Additionally, the board approved the re-appointment of Shri Jagdish Prasad Chowdhary, Executive Chairman of the Company, for a term of five years, subject to shareholder...

22K Gold Prices Hold Steady Across Major Cities: Tanishq, Joyalukkas Report Consistent Rates in Delhi and Mumbai The market for gold jewellery across India remains steady as jewelers report highly consistent rates for 22k purity in major metropolises. As consumers plan purchases, it is crucial to check the latest pricing due to variations based on city and retailer. While the India Bullion and Jewellers Association (IBJA) has yet to release its updated indicative retail rates for today, various leading brands have set uniform prices across key markets.Major Jewellers Report Consistent Rates for 22K Gold Pricing transparency was evident as most major retailers maintained remarkably similar rates for their respective products. Across...

Sensex Recoups Ground, Nifty Reclaims Key Level as Markets Find Support Amid US Inflation and Oil Dip Equity benchmarks Sensex and Nifty managed to recover significant portions of their early losses on Thursday, fueled by supportive global cues and positive inflation data from the United States. The market activity reflected a shift in sentiment following earlier dips, with indices finding footing through buying at lower levels.Recovery Dynamics: How Indices Climbed from Early Slump In early trading, the Sensex saw a decline of 300.46 points, or 0.38 per cent, settling at 77,665.89. Meanwhile, Nifty experienced a similar downturn, falling 124.55 points, or 0.5 per cent, to 24,311.40.As the day progressed and buying activity picked...

HCL Infosystems Secures Favorable Order from CESTAT in Tax Dispute Pertaining to Royalty Income HCL Infosystems Limited has achieved a favorable resolution in a significant tax dispute, following a decision by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad. The tribunal allowed the company's appeal, setting aside a previous order issued by the Commissioner, Central Goods & Services Tax Commissionerate, Noida.The ruling, dated August 12, 2026, concerns the applicability of Service Tax under the reverse charge on royalty paid outside India.Under the terms of the decision, the tax demand amounting to ₹ 16.67 Crores, along with associated interest and equivalent penalty that had been confirmed against HCL...

GRM Overseas Reports Strong Q1FY27 Results, Driven by Domestic Growth and Strategic International Expansion GRM Overseas Limited has announced its unaudited financial results for the First Quarter of FY27, reporting robust growth across key metrics. The company saw Total Revenue reach Rs. 427 Crores in the quarter. EBITDA grew by 13.9% year-on-year (YoY) to Rs. 36 Crores, while Profit After Tax (PAT) increased by 12.1% YoY, reaching Rs. 21 Crores.Speaking on the performance, Mr. Atul Garg, Managing Director of GRM Overseas Limited, noted that the results reflect a positive start to FY27 and are supported by an increasing scale of operations across various segments.Consolidated Financial Highlights The financial performance across...

Universus Photo Imagings Approves Q2 Results and Announces Key Governance Appointments Universus Photo Imagings Limited, formerly JINDAL PHOTO IMAGING LIMITED, announced outcomes from its Board of Directors meeting held on August 12, 2026. The company approved the unaudited financial results for the quarter ended June 30, 2026, and confirmed several key governance appointments following the meeting.The board decisions included approving the standalone and consolidated unaudited financial results, appointing a new Internal Auditor, and re-appointing an Independent Director for a second term.Financial Results Review The company released both its Standalone Unaudited Financial Results and Consolidated Unaudited Financial Results for...

Elgi Rubber Reports Quarterly Results; Approves Interest Reversal and Subsidiary Wind-ups Elgi Rubber Company Limited announced its unaudited financial results for the quarter ending June 30, 2026, reporting positive profitability. The Board of Directors also approved the reversal of interest receivable from key overseas wholly owned subsidiaries and granted approval to begin voluntary winding up processes for two non-material subsidiaries in Kenya and Australia.The Company's financial performance across both consolidated and standalone segments was reviewed by statutory auditors, who expressed an unmodified opinion on the results.Financial Performance for Q2 FY 2026 The unaudited financial results showed various trends across the...

RBI Announces Massive ₹32,000 Crore Underwriting Auction for Government Securities on August 14 The Reserve Bank of India (RBI) has announced a significant underwriting auction for the sale and re-issue of Government Securities (GS). The high-stakes auction is scheduled for Friday, August 14, 2026. This event is crucial for maintaining fiscal stability as the government seeks to raise funds through these securities offerings.Details of the Government Securities Auction The underwriting auction will involve four distinct tranches of securities, totaling a massive ₹32,000 crore. The transaction focuses on various maturities and coupon rates designed to cater to different institutional investment profiles.The specific securities...

Capital Trust Limited Completes Auditor Tenure, Recommends SGR & Associates as New Statutory Auditors; Reports Q2 Financial Results Capital Trust Limited announced a key board resolution regarding its statutory auditor appointments while releasing the unaudited financial results for the quarter ending June 30, 2026. The company confirmed that M/s JKVS & Co., Chartered Accountants, completed their mandated five-year tenure as Statutory Auditors, and subsequently recommended M/s SGR & ASSOCIATES LLP, Chartered Accountants for the next cycle of appointments.The Board of Directors, alongside the Audit Committee, reviewed the completion of M/s JKVS & Co.'s service and formally appreciated their guidance and professional support during...

Landmark Property Development Posts Strong Results Amid Major Advance Recovery in Q2 FY26 Landmark Property Development Company Limited announced its unaudited financial results for the quarter ended June 30, 2026, showing significant total income driven by a major reversal of provisions related to advances. The company's profitability stood at Rs. 696.43 lakhs after tax during the period.The results reflect the company’s real estate development activities and the outcome of advanced receivable matters with Eterna Living Pvt. Ltd., as detailed in the accompanying financial statements.Financial Highlights for Quarter Ended June 30, 2026 The Statement of Unaudited Financial Results shows key operational metrics across the period...

Balkrishna Paper Mills Limited Announces Quarterly Results Amid Negative Net Worth and Auditor Qualifications Balkrishna Paper Mills Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved these results following a meeting held on August 12, 2026. These results are accompanied by a review report from Statutory Auditors, M/s D S M R & Co, Chartered Accountants.A critical aspect highlighted in the financial reporting is the company’s net worth, which stood at negative Rs. 17,723.83 Lakhs as of June 30, 2026. This negative figure relates to the discontinuance of the manufacturing activity of paper and paperboard located in Ambivali.The independent auditors...

LIC to Participate in Motilal Oswal’s Annual Investor Conference in Mumbai Life Insurance Corporation of India (LIC) has announced its participation in an upcoming investor conference hosted by Motilal Oswal Financial Services Limited. The event is scheduled for August 17, 2026, focusing on group and one on one meetings with the financial institution.The engagement involves LIC and Motilal Oswal Financial Services Limited, specifically in relation to their 22nd Annual Global Investor Conference (AGIC). The meeting is set to take place at the Hotel Grand Hyatt in Mumbai.The details of the planned interaction are as follows:Proposed DateInstitutional Investor/AnalystType of MeetingVenueAugust 17, 2026Motilal Oswal Financial...

Muthoot Fincorp Targets Rs 3,000 Cr IPO as Gold Loan Business Jumps 59 Percent IPO Details and Capital Infusion StrategyMuthoot Fincorp has filed its draft prospectus with the Securities and Exchange Board of India (SEBI), signaling a significant capital-raising move. The company aims to raise Rs 3,000 crore through an Initial Public Offering (IPO) in a move intended to strengthen its financial base.The IPO is structured as an entirely fresh issue of equity shares, with each share having a face value of Rs 2. These securities are slated for listing on both the National Stock Exchange (NSE) and the BSE.Proceeds generated from this capital infusion will be strategically utilized to augment Muthoot Fincorp's Tier-I capital base. This...

Krishna Defence and Allied Industries Reports Quarterly Results and Appoints New General ManagerKrishna Defence and Allied Industries Limited has announced key outcomes of its recent Board meeting, releasing the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also made a significant personnel announcement, promoting an existing employee to the role of General Manager.The board approved the release of the financial results alongside the Limited Review Report from auditors for the corresponding period. Additionally, the company confirmed the promotion and appointment of Sagar Patel as General Manager (Senior Management Personnel), effective August 12, 2026.Management and...

Raj Rayon Reports Q1 FY27 Results as Company Targets 700+ TPD Capacity in Phase II Expansion Raj Rayon Industries Limited (RRIL) has reported its financial results for the first quarter of FY27, highlighting margin improvements despite a volatile period caused by supply chain disruptions. The company is actively pursuing debottlenecking exercises and has announced a significant capital outlay of up to ₹650 crore for Phase II expansion, aiming to boost total polyester yarn capacity to over 700 TPD by CY28.Company Transformation and Overview Established in Silvassa in 1993 as a specialist in man-made polyester fibre manufacturing, Raj Rayon Industries faced financial distress after production halted at its Silvassa plant in 2018 due to...

Behari Lal Engineering IPO Smashes Expectations, Books Over 3.5X Subscription on Strong Industry Outlook The Initial Public Offering (IPO) of Behari Lal Engineering has maintained robust investor interest on Day 2, successfully booking at over 3.59 times as of the morning trading session on August 13. The IPO continues to attract strong buying momentum from various investor segments as it moves toward its closing date.The listing data reveals concentrated enthusiasm across both institutional and retail investors. The issue received substantial bidding activity, with Non-Institutional Investors (NII) subscribing at 5.04 times. Meanwhile, the dedicated retail segment contributed 4.51 times to the overall subscription figures.Robust...

Gaja Alternative Asset Management to Surge in Market with ₹550 Crore IPO, Backing 28% Income Growth Gaja Alternative Asset Management Limited, a prominent independent alternative asset manager, is set to debut on the stock exchanges with a significant initial public offering (IPO). The three-day issue, scheduled for August 19, 2026, carries an offer size of ₹550 crore. This listing marks a crucial step as the company seeks to strengthen its capital base and tap into public markets after demonstrating robust financial expansion in FY26.IPO Structure and Investment Details The IPO is structured as a blend of a fresh issue and an offer for sale (OFS). The offering includes 2.81 crore shares via a fresh issue, aggregating ₹450 crore...

Valiant Organics Reports Q2 FY26 Results; Extends Shri Sathiababu K. Kallada as Managing DirectorValiant Organics Limited reported its unaudited financial results for the quarter ended June 30, 2026. The company announced that the Board of Directors approved these results, which included an overview of both standalone and consolidated performance metrics. Additionally, the company confirmed the re-appointment of Shri Sathiababu K. Kallada as a Managing Director.The results for the quarter showed figures reflecting strong operational activity across the group entities. The management has also indicated that Pharma Business has been identified as an additional reportable segment alongside Specialty Chemicals.Financial Performance...