Markets

Sambhv Steel Tubes Receives Environmental Clearance for Chhattisgarh Project Sambhv Steel Tubes Limited and Sambhv Sponge Power Private Limited have secured a fresh Environmental Clearance (EC) from the Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India. The clearance pertains to a project aimed at producing Ferro Alloys and establishing an FBC-based Captive Power Plant (CPP) at their Unit-3 facility in Chhattisgarh.The EC was granted on August 11, 2026, for the proposed greenfield project located at Village-Sarora, Tehsil-Tilda, District-Raipur, Chhattisgarh. This approval is a key regulatory requirement under the EIA Notification, 2006, as amended.The project includes establishing production...

Usha Financial Services Reports Q1 FY27 Results: Profit Jumps 50% YoY as Loan Book Reaches ₹40,913 Lakhs Usha Financial Services Limited (UFSL), an RBI-registered Base Layer Non-Banking Financial Company (NBFC), announced its standalone unaudited financial results for the first quarter of FY27, which ended on June 30, 2026. The company reported robust growth across key metrics, with Profit After Tax (PAT) increasing by 50.3% year-on-year.As of June 30, 2026, UFSL recorded a Total Income of ₹2,031.51 lakhs in Q1 FY27. This figure reflects significant growth compared to the corresponding quarter in the previous fiscal year. The loan book expanded to ₹40,913.45 lakhs, marking a 10.4% increase year-on-year and a 4.9% sequential rise...

Melstar Information Technologies Approves Quarter Ended June 30, 2026 Results; Details AGM Schedule and Appointments Melstar Information Technologies Limited announced several outcomes from its Board of Directors meeting held on August 12, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated, along with other key corporate matters including annual general meeting (AGM) details and auditor appointments.The company also approved the 38th Board's Report for the Financial Year ended March 31, 2025.Key Approvals and Operational Details Outcomes from the board meeting included:Approval of unaudited financial results (standalone and consolidated) for the quarter...

GMP Signals Strong Listing for Milky Mist Dairy Food IPO; Analysts Advise Long-Term Perspective Milky Mist Dairy Food’s Rs 1,553 crore Initial Public Offering (IPO) has intensified investor focus as it enters its final day of bidding. The stock is witnessing significant interest, with the Grey Market Premium (GMP) currently hovering around 15% above the upper price band of Rs 140 per share. This positive market sentiment suggests a healthy listing outcome if current trends are sustained.However, while the GMP indicates strong retail enthusiasm, analysts emphasize that the issue appears fully valued at the higher end of the established price band. Despite this valuation consideration, experts have nevertheless given a “Subscribe – Long...

Federal-Mogul Goetze Reports Q2 FY26 Results; Total Income Reaches ₹54,343.11 Lakhs Consolidated Federal-Mogul Goetze (India) Limited, a Tenneco Group Company, has released its unaudited financial results for the quarter ended June 30, 2026. The company reported strong performance across both standalone and consolidated segments.The company's Board meeting on August 12, 2026, approved the Unaudited Financial Results (standalone and consolidated) along with the Limited Review Report.Standalone Performance Highlights For the quarter ended June 30, 2026, Federal-Mogul Goetze reported a Total Income of 53,526.99 lakhs in its standalone segment. Revenue from operations stood at 51,580.82 lakhs, while other income was 1,946.17 lakhs for...

Dividend Alert: 40 Stocks Hit Ex-Record Date; Investors Must Act Now to Secure Payments As nearly 40 stocks are set to turn ex-record date for their dividends this Friday, today marks a critical deadline for investors. Due to SEBI's T+1 settlement cycle, shareholders must purchase the company’s shares at least one trading day prior to the record date. This means that today is the final opportunity to buy these shares and ensure they are credited to investor accounts in time for the dividend payout.Key Dividend Payouts: HAL, HPCL, and IOC Lead the Charge Among the stocks reaching ex-record date are major players like Hindustan Aeronautics Limited (HAL), Hindusthan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOC). These...

NGL Fine-Chem Limited Boards Comment on Fines Levied by Stock Exchanges NGL Fine-Chem Limited has provided commentary regarding the fines imposed by both the National Stock Exchange of India Limited (NSE) and BSE Limited following instances of non-compliance related to regulatory requirements.The stock exchanges issued notices imposing penalties on the company concerning delays in compliance under Regulation 29(2)/29(3) of the Securities and Exchange Board of India (SEBI Listing Regulations). The total fines imposed by both Exchanges were Rs. 11,800/- each.The details of the penalties levied by the Stock Exchanges are presented below:Stock ExchangeApplicable Regulation of SEBI Listing RegulationsAmount of Total FineNational...

Nimbus Projects Limited plans to avail unsecured loan facility of Rs 60 Crore from associate company Nimbus Projects Limited has decided to continue availing an unsecured loan and credit facility up to Rs 60.00 Crore from its associate company, Nimbus (India) Limited. The decision, made by the Board of Directors on August 12, 2026, concerns a business loan intended for the company.The proposal involves availing or continuing an unsecured loan/credit facility up to Rs 60.00 Crore from Nimbus (India) Limited, a Delhi-based Non-Banking Financial Company (NBFC). This transaction is defined as a material related party transaction.Details regarding the proposed loan facility include:Amount: The facility is capped at Rupees 60.00 Crore...

Korean Tech Stocks Surge 22%: Global AI Spending Ignites Rally, Averting Chip Sector Crash South Korean equities are staging a sharp reversal from last month’s historic volatility, as concentrated enthusiasm for tech hardware stocks drives the benchmark Kospi higher. The index advanced significantly on Thursday, rising up to 4.8%, pushing its rally from a July 30 low towards an estimated 22% gain.How AI Demand is Fueling the Chip Sector Rally Heavyweight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. led the day's advance, with both firms reporting gains of over 5%. This surge is underpinned by renewed enthusiasm for tech hardware stocks, driven by evidence of continued massive AI spending by global Big Tech firms.The...

SPL Industries Limited Announces Unaudited Financial Results and Secures Board Approval for Q1 FY 2026-27 SPL Industries Limited has announced the approval of its unaudited financial results and a limited review report for the first quarter (Q1) ended June 30, 2026. The company confirmed that these results cover both standalone and single segment operations.The Board of Directors held a meeting on August 12, 2026, during which they considered and approved the unaudited financial results for Q1 FY 2026-27.Limited Review Highlights A limited review of the company's unaudited financial statements was conducted by Chartered Accountants Raghu Nath Rai & Co., dated August 12, 2026. The report concluded that nothing came to the attention...

Juniper Green Energy Commissions Additional 167 MW Wind Capacity, Reaching 2,575 MWp Operational Capacity New Delhi, August 12, 2026: Juniper Green Energy Limited announced today that it has commissioned additional wind capacity amounting to approximately 167 MW. This expansion was achieved across five projects and multiple phases since July 01, 2026, elevating the company's total operational capacity from around 2,408 MWp to roughly 2,575 MWp.The commissioning effort involved integrating a total of 37 wind turbines situated in Gujarat, Rajasthan, and Maharashtra. This new capacity was comprised of two types of turbines: 27 turbines rated at 5 MW each, and 10 turbines rated at 3.15 MW each.The details of the newly commissioned wind...

Shah Alloys Board Approves Strategic Review and Monetization Options for Steel Plant and Immovable Assets Shah Alloys Limited has approved strategic alternatives concerning its Iron & Steel Plant operations and initiated a process to monetize its land and other immovable assets, following observations regarding the plant's obsolescence. The decisions were taken by the Board of Directors at a meeting held on August 12, 2026.The Company had previously decided upon the closure of the entire Iron & Steel Plant operations located in Village Santej, Taluka-Kalol, District Gandhinagar. The Board noted that the plant and machinery were aged and the technology was obsolete, making continued operation non-competitive and costly.In response to...

Balu Forge Industries Approves Q1 Financial Results, Plans $60 Million Bond Issuance and Borrow Limit Increase Balu Forge Industries Limited announced several key decisions following its Board meeting held on August 12, 2026. The company approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Furthermore, the Board considered plans to raise funds through a private placement of Foreign Currency Convertible Bonds (FCCBs) and discussed increasing borrowing limits.The Board meeting reviewed the results and addressed strategic financial planning for the company's future capital structure. The company also scheduled an Extraordinary General Meeting (EGM) on Friday, September 04, 2026, to...

Shree Tirupati Balajee Agro Trading Company Approves Q1 Results and Sets AGM Voting Schedule Shree Tirupati Balajee Agro Trading Company Limited, a manufacturer of HDPE, PP woven sacks, FIBC, jumbo bags, BOPP, non-woven bags, and tarpaoline, announced key outcomes from its Board meeting held on August 12, 2026. The company approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026, and set critical dates for the forthcoming 25th Annual General Meeting (AGM).The board also took note of the Limited Review Report issued by Statutory Auditors concerning the Q1 financial results.Key Dates for 25th AGM and E-Voting The Board finalized several operational matters relating to the upcoming...

Bank of America to Invest Up To ₹18,268 Crore in Jio Credit Limited Jio Financial Services Limited (JFSL) and Bank of America Corporation (BofA) have announced a strategic agreement whereby BofA will acquire up to 49.9% interest as a joint venture partner in Jio Credit Limited (JCL). This investment is set to bolster JCL's growth within India by combining JFSL's deep local market knowledge with BofA’s global financial services expertise.The transaction involves the preferential allotment of equity shares and warrants, providing BofA an initial 26.5% stake in Jio Credit Limited (JCL). Upon the exercise of the warrants, Bank of America will hold up to 49.9% of the paid-up equity share capital of JCL post-conversion.The total...

Simbhaoli Sugars Limited Posts Unaudited Results as Company Undergoes Corporate Insolvency Resolution Process Simbhaoli Suggars Limited, which is currently operating under the Corporate Insolvency Resolution Process (CIRP), has reported its standalone unaudited financial results for the quarter ending June 30, 2026. The results were reviewed and taken on record by the Interim Resolution Professional (IRP).During a meeting convened by the IRP on August 12, 2026, key operational and governance matters related to the company were discussed and approved.Governance and Personnel Updates The management structure saw changes during the CIRP period. Ms. Gursimran Kaur Mann continued as a Non-Executive Director (Member of Suspended Board)...

Shalimar Paints Limited Approves Investment in Hella Infra Market, Proposes Major Capital Restructuring Shalimar Paints Limited held a Board meeting on August 12, 2026, where it approved several strategic initiatives, including an investment proposal into Hella Infra Market Limited. The Board also sanctioned significant capital increases and various fundraising proposals designed to fuel future growth across the company’s operations.A key focus of the board review was the potential merger and synergies between Shalimar Paints and Hella Infra Market Limited. The company approved a proposal for investment in equity shares and Non-Cumulative Non-Participating Compulsory Convertible Preference Shares (CCPS) of Hella Infra Market Limited...

B.A.G. Films Completes Preferential Allotment of 1.02 Million Equity Shares; Stock Lists on Exchanges B.A.G. Films and Media Limited has completed the allotment and listing of 1,02,00,000 equity shares to members of the Promoter Group on a preferential basis. The new securities are now tradable on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), effective from August 13, 2026.The allotment involves the conversion of warrants into equity shares and was conducted in favor of members of the Promoter Group. The company received final Listing and Trading approval from both stock exchanges on August 12, 2026.The new equity shares were issued at a total issue price of Rs. 8.25 per share. This allotment...

GHCL Textiles Reports Estimated Rs 27 Crore Loss in Warehouse Fire near Tuticorin Port GHCL Textiles Limited (Formerly Sree Meenakshi Mills) has provided an update regarding a fire incident that occurred at one of its warehouses located near Tuticorin Port. Preliminary internal estimations and the ongoing insurance survey indicate that the quantum of loss or damage to stock is approximately Rs 27 Crores.The company confirmed that there were no human casualties or injuries reported during the incident. Furthermore, GHCL Textiles stated that this event has caused no impact on the production or ongoing operations of the Company.Both the warehouse structure and the inventory at the affected location are adequately insured. The company...

Fiem Industries Releases Q1 FY27 Results; Highlights Operational Updates and Segment Performance Fiem Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2026, presenting performance metrics for both standalone and consolidated entities. The results cover revenue generation, expenses incurred, and profitability across various segments.The company's business involves the manufacturing and supply of auto components, including automotive lighting and signaling equipment, rear view mirrors, plastic molded parts, and sheet metal components for motorized vehicles. It also produces LED luminaries and integrated passenger information systems with LED displays.Q1 FY27 Standalone Financial...