Markets

V-Mart Retail Limited Reports Strong Revenue Growth in Q1 FY27, Adds 15 New StoresV-Mart Retail Limited reported robust financial performance and significant expansion in the first quarter of the financial year 2026-27 (Q1FY27), with revenue increasing by 23% compared to the corresponding period last year. The company also expanded its retail presence by opening 15 new stores during the quarter.The revenue data for Q1 FY27, which ended on June 30, 2026, shows a substantial year-on-year increase in total revenue from operations. Total revenue stood at Rs. 1,089 Crores, up from Rs. 885 Crores in the previous year's quarter.The company reported a combined same store sales growth (SSSG) of 9% for the period. This SSSG included V-Mart...

Karur Vysya Bank Announces Resignation of General Manager for Corporate & Institutional GroupKarur Vysya Bank Ltd has announced the resignation of Shri Shekhar Ramarajan, Senior Management Personnel, who held the position of General Manager and Head of the Corporate and Institutional Group (CIG).The bank confirmed that Shri Ramarajan was relieved from his duties at the close of office hours on June 30, 2026. The departure is consequent to the completion of his notice period following his resignation.Shri Shekhar Ramarajan served as a Senior Management Personnel within the organization in the role of General Manager and Head of Corporate and Institutional Group (CIG).KARURVYSYA Stock Price Movement On Wednesday, shares of Karur...

Regional Director Passes Interim Order in Compounding Case Over AGM Delay for Droneacharya Aerial Innovations Ltd The Regional Director, Mumbai, passed an Interim Order on July 01, 2026, concerning a compounding application filed by Droneacharya Aerial Innovations Limited regarding the delay in holding its Annual General Meeting (AGM) for the Financial Year ended March 31, 2025.The Interim Order was issued during the ongoing compounding proceedings and mandates the company and concerned officers to comply with the directions specified within the order for further processing of the application. The company is reportedly taking necessary steps to adhere to the directives outlined in the Interim Order.Details regarding the penalties...

Eicher Motors' Subsidiary VE Commercial Vehicles Reports Robust Sales Growth in June 2026 VE Commercial Vehicles Limited (VECV), an unlisted subsidiary of Eicher Motors Limited, reported significant sales volume for the month of June 2026. The company saw a substantial rise in total sales volume across its segments.The consolidated figures show that VECV recorded 9,519 units sold in June 2026, marking a 29.3% increase compared to the 7,363 units sold in June 2025. For the year-to-date period (YTD) ending in the current fiscal year, total sales stand at 24,815 units.Domestic performance remained strong, with VECV registering 8,595 domestic unit sales for the month. This reflects a considerable growth rate of 27.9% when compared to...

Adani Energy Solutions Limited Announces Change in Senior Management: Names New Chief People Officer Adani Energy Solutions Limited has announced a change in its senior management personnel regarding the post of Chief People Officer. Samir Prakash has ceased his role, and Mr. Pramath Nath has been appointed to the position.The cessation of Samir Prakash as Chief People Officer was attributed to organizational restructuring within the company. His departure is effective from the closure of business hours on July 01, 2026.Mr. Pramath Nath has been appointed as the new Chief People Officer, effective from July 01, 2026. Mr. Nath is described as a seasoned Human Resources leader with nearly three decades of experience across diverse...

Gayatri Projects Ltd Restructures Board Following CIRP Withdrawal; Announces Key Appointments and Director Resignations Gayatri Projects Ltd has announced a comprehensive restructuring of its Board of Directors following the withdrawal of insolvency proceedings against the company by the NCLT, which occurred on September 12, 2025. The company reconstituted its Board immediately thereafter, leading to several appointments and resignations that took effect on September 13, 2025.The restructuring involved multiple key changes in leadership. Mr. T. Sandeep Kumar Reddy was appointed as the Chairman and Managing Director of Gayatri Projects Ltd. Ms. T. Sarita Reddy was also appointed as an Executive Director. The company brought in three...

BASF India Completes Divestiture of Stake in Coatings Subsidiary for INR 230.16 Crore BASF India Limited has successfully concluded the divestment of its entire equity stake in BASF India Coatings Private Limited. The transaction was finalized on June 30, 2026, following the receipt of the agreed consideration from the buyers.The sale involved transferring the company's 100% stake in BASF India Coatings Private Limited to Bond German BidCo 2 GmbH and Bond France BidCo SAS (Carlyle Group Companies). The entire transaction was completed for a consideration amount of INR 230.16 crore, which had been determined by an Independent Valuer.With the completion of this sale, BASF India Coatings Private Limited has ceased to be a wholly owned...

Yarn Syndicate Ltd Approves Conversion of Partly Paid-Up Equity Shares to Fully Paid-Up Status Yarn Syndicate Ltd's Board of Directors approved the conversion of partly paid-up equity shares into fully paid-up equity shares following the collection of the First and Final Call Money. This decision was made at a meeting held on July 1, 2026.The approval followed earlier announcements where notices were issued to eligible shareholders for the payment of the first and final call money pertaining to their partly paid-up equity shares. The company had requested payment of Rs 13.50 per partly paid-up equity share during the call money payment period, which spanned from June 8, 2026, to June 22, 2026. This amount comprised ₹ 5.00 towards face...

ICRA Limited Amends Employees Welfare Trust Deed Following Trustee Changes ICRA Limited has completed a Deed of Modification related to the ICRA Employees Welfare Trust, detailing changes in the trust's composition and formally recording the resignation of one existing trustee. The amendment addresses the management structure of the trust as established by the company.The ICRA Employees Welfare Trust was originally established by ICRA Limited on July 11, 2006. Over the years, the trust deed has been modified multiple times through various deeds, including those dated October 3, 2006; July 29, 2014; March 19, 2015; September 25, 2015; June 4, 2018, and March 18, 2019.Through the modification process, the Board of Directors of ICRA...

V Marc India Limited Fixes Record Date for Bonus Share Issue of 5:1 V Marc India Limited announced that it has set a specific record date regarding its forthcoming bonus share issue, detailing the terms and implications for existing members. The company designated Friday, July 03, 2026, as the official Record Date to determine which shareholders are eligible for the corporate action.The bonus share issuance involves providing new equity shares at a ratio of 5:1. This means that every one existing fully paid-up equity share will be eligible for five new bonus shares. The issue relates to the issuance of Bonus Shares and Allotment, with each new share being valued at Rs. 10 (Rupees Ten only).The terms related to the corporate action...

Himatsingka Seide Limited Allots Rs 15 Crore in Series D Non-Convertible Debentures Himatsingka Seide Limited announced the allotment of Tranche 1 Series D Senior, Secured, Unlisted, Unrated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) totaling Rs 15,00,00,000/-. The issuance was executed through a private placement to eligible investors on July 01, 2026.The Company allotted 300 Tranche 1 Series D Debentures, each with a face value of Rs 5,00,000/-, aggregating to the total issue size of Rs 15 Crores. These debentures were issued at par and are not intended for listing on any stock exchange.Key terms governing the NCD issuance include a tenure of 42 months from the date of allotment. The maturity date for these...

Allcargo Terminals Limited Acquires 25% Stake in Allcargo Group Services Private Limited Allcargo Terminals Limited has executed a Shareholders Agreement effective July 01, 2026, establishing its acquisition of a 25% equity stake in Allcargo Group Services Private Limited (AGSPL). Following the execution and completion of legal formalities, AGPSL will function as an Associate Company for the company.The acquisition forms part of a strategic arrangement where Allcargo Terminals aims to avail various corporate and shared centre of excellence services from AGPSL. These services encompass but are not limited to finance, human resources (HR), legal, IT support, procurement, marketing and communication, and general administration.The...

M.V.K. Agro Food Product Ltd. Targets Significant Growth through Diversification into Ethanol and CBG MVK Agro Food Product Limited, an integrated agro-allied products company operating since 2018, is undertaking a major transformation from its traditional sugar operations to become a diversified player in the sugar, ethanol, and compressed biogas (CBG) sectors. The management provided commentary detailing ambitious revenue targets and operational milestones as part of its growth strategy.The Nanded based company holds a licensed sugarcane crushing capacity of 4,000 TCD and produces by-products such as molasses and bagasse. MVK Agro Food Product Ltd., which listed on the NSE Emerge platform in March 2024 following a ₹66 crore IPO...

HFCL Secures Major Credit Rating Upgrade from CARE; Long-Term and Short-Term Bank Facilities Rated Higher Care Ratings Boosts HFCL’s Profile with Dual Rating Upgrades HFCL Limited has announced a significant upgrade in its credit rating following assessment by CARE Ratings Limited. The specialized financial institution assigned enhanced ratings to the company, reinforcing market confidence in its business strategies and operational strength. This material disclosure signals improved creditworthiness for lenders and all stakeholders.Details of Long-Term Bank Facility Upgrade The long-term credit rating for HFCL was successfully elevated by CARE Ratings Limited. The facility, valued at ₹ 1,525.95 Crore, received the Care A; Positive...

Info Edge Subsidiary Transfers Stake in Shopkirana and Makes Primary Infusion into TIPL Info Edge (India) Ltd has announced a significant corporate transaction involving its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). SIHL successfully transferred its entire stake in Shop Kirana E Trading Private Limited to Trustroot Internet Private Limited (TIPL) and subsequently made a primary infusion investment into TIPL.The transfer involved 60,673 shares of Shopkirana held by SIHL, which represented 26.14% on a fully converted and diluted basis. The aggregate consideration for this transfer amounted to USD 32,970,499.20.As part of the transaction settlement, TIPL agreed to issue preference shares to SIHL. In full...

Indian Bank's Financial Snapshot Shows Steady Growth in Total Business and AdvancesIndian Bank has released a set of financial metrics, detailing performance across different reporting periods, including reviewed, audited, and provisional figures for its key banking operations. The data highlights consistent growth trajectory across total business, deposits, and advances.The bank’s operational parameters are provided in Lakh Crore. A review shows upward trends in both balance sheet items and asset quality indicators as of the latest reported periods (30.06.25 Reviewed, 31.03.26 Audited, and 30.06.26 Provisional).The following table summarizes the key financial metrics:Particulars30.06.2025 (Reviewed)31.03.2026...

Ola Electric Registers 43,719 Vehicles in Q1 FY26; Achieves Strongest Monthly Performance in June Ola Electric Mobility Limited reported substantial growth in vehicle registrations during the first quarter of FY26, driven by improved execution and increasing customer demand. According to VAHAN data, the company registered 43,719 vehicles in Q1 FY26. This marked a significant sequential increase from Q4 FY25, which saw registrations stand at 22,252 units.The quarter concluded with robust momentum, as June 2026 saw Ola Electric register 16,144 vehicles. This monthly figure represents the company’s strongest performance in recent quarters and underscores a positive trajectory within India's rapidly expanding electric two-wheeler market...

Modis Navnirman Limited Holds Board Meeting to Discuss Annual Report and Plan 5th AGM Modis Navnirman Limited has scheduled a Board of Directors meeting for Monday, July 06, 2026. The meeting is set to address several key corporate matters related to the company's financial performance and upcoming general assembly.The agenda for the board session includes considering and approving the Directors' Report for the financial year ended March 31, 2026. Furthermore, the directors are tasked with fixing the day, date, time, and venue for the holding of the company's 5th Annual General Meeting (AGM).Other critical items slated for consideration during the meeting involve the approval of the draft Notice convening the 5th AGM. The Board is...

Persistent Systems Completes Acquisition of Part of Business from Concise Systems OÜ Persistent Systems Ltd has announced that it has successfully completed all customary closing conditions related to a Business Purchase Agreement. The transaction involves the acquisition of a portion of the business belonging to M/s. Concise Systems OÜ, Estonia.The agreement was originally established on May 28, 2026. Persistent Systems confirmed that the completion of these necessary closing conditions was achieved on July 1, 2026.PERSISTENT Stock Price Movement Persistent Systems Limited shares on Wednesday slipped by 0.04%, settling at ₹4330.2 following slight declines throughout the day. The stock registered a total traded volume of 964,797...

NIIT Announces World Digital Architect Conclave 2026 as Global Platform for AI-First Enterprises NIIT Limited has announced the fourth edition of the World Digital Architect Conclave (WDAC) 2026, which marks the evolution of its flagship summit into a global platform dedicated to the digital architecture community. The event is scheduled for July 3, 2026, at the Shangri-La Hotel in Bengaluru.The conclave aims to gather enterprise and AI architects, engineering leaders, technology executives, and digital transformation experts. This year's theme is set as "Architecting for Tomorrow's Experiences in an AI-First World," focusing on how architects can design intelligent, adaptive, and responsible AI solutions across various industry...