Markets

Debt Avalanche Hits AMFI Data: Debt Schemes Sink Rs 1 Lakh Crore Outflow, Pulling Down Overall Mutual Fund Gains The mutual fund industry recorded a significant net outflow of ₹52,949 crore during June, according to the latest AMFI data. While major categories such as equity funds, hybrid schemes, and Gold ETFs successfully attracted fresh capital, these gains were ultimately insufficient to offset substantial redemptions from the debt segment.The primary driver for this industry-wide downturn was the relentless outflow seen in debt schemes. Investors withdrew a staggering ₹1.09 lakh crore from debt products alone in June, representing more than double the total net outflow recorded across all mutual fund categories during the month...

SBI Life and Axis Max Surge as Premium Collections Pick Up in June; Sector Growth Accelerates The life insurance sector saw a positive uptick in premium collections during June 2026, with private insurers reporting stronger growth, particularly driven by the group business segment. A comprehensive report from Kotak Institutional Equities highlights how individual performance varied among major players amidst rising industry trends.Private Insurers Drive Upward Trend in Premium Collections Overall annualised premium equivalent (APE) growth for the private insurance sector improved significantly, reaching 18% year-on-year (YoY) in June. This represents an improvement from May’s figures and contrasts with the overall industry APE growth...

GST Crisis or Solution? Govt Steps In To Fix Valuation of Corporate Guarantees Amid Cash Flow Woes The government is reportedly planning a significant review of the GST valuation mechanism applied to corporate guarantees. The Central Board of Indirect Taxes and Customs (CBIC) officials are anticipated to issue a circular in the near future aiming to provide relief to industries currently grappling with cash-flow constraints linked to these financial commitments.Businesses across various sectors are facing severe difficulties because they cannot utilize input tax credit (ITC) against the 18 percent GST paid on corporate guarantees. This predicament is acutely felt by companies whose business models involve supplies that are exempt from...

Bank of India Fined Rs 4,27,600 by RBI Over Soiled Note Remittance Issues Bank of India has been penalized by the Reserve Bank of India (RBI) following issues detected during soiled note remittances for the Nagpur Currency Chest. The penalty was imposed for the handling of mutilated, counterfeit, and shortage notes.The monetary penalty levied against the bank is Rs 4,27,600/- (Rupees Four lakh Twenty Seven Thousand Six hundred Only).Bank of India received the direction regarding this action from the Reserve Bank of India on July 9, 2026. The imposition of the fine relates to the violation involving mutilated, counterfeit, and shortages of notes discovered in the soiled note remittances conducted for the Nagpur Currency Chest...

SK Minerals & Additives Ltd Holds Extra-Ordinary General Meeting to Discuss Capital Increase and Warrants Issue SK Minerals & Additives Limited, a manufacturer of advance additives, nutrients, and chemicals, held its 02nd Extraordinary General Meeting (EGM) on Thursday, July 9, 2026. The meeting, conducted via Video Conferencing (VC), provided an opportunity for members to address critical matters related to the company’s future growth strategy and capital structure.The EGM commenced at 11:30 A.M. IST and concluded after the vote of thanks at 11:40 A.M. IST. The Chairman addressed shareholders, highlighting the rapidly evolving specialty chemicals industry in India and international markets. He stated that the company requires both...

Yaap Digital Limited Appoints Jigesh Shah as Chief Financial Officer Yaap Digital Limited, formerly known as Yaap Digital Private Limited, has announced a significant change in its senior finance leadership following decisions made by its Board of Directors. Mr. Shyamal Madhvi voluntarily resigned from the position of Chief Financial Officer (CFO), with effect from July 10, 2026, and will continue to serve as Finance Head at the company.The resignation occurred amidst a period of strategic evolution for the digital marketing domain in which the company operates. The decision was influenced by the evolving business requirements and strategic priorities of Yaap Digital Limited, particularly following the demise of Managing Director Mr...

Happy Square Outsourcing Services Lands Rs 91.41 Lakh Contract from MIDHANI Happy Square Outsourcing Services Limited has secured a new Work Order valued at approximately Rs 91.41 Lakhs from Mishra Dhatu Nigam Limited (MIDHANI). The contract, which is part of the ordinary course of business for White Force, the premium brand of Happy Square, is expected to strengthen the company's order book and generate revenue over its duration.The awarded work order details confirm that the assignment is with a domestic entity, and the services are anticipated to run up until March 31, 2028. The contract terms require the contractor to adhere to all applicable labour laws, including timely payment of statutory dues such as PF and ESI. Payments are...

Radhe Developers India Ltd to Hold Board Meeting on July 17, Discussing Q1 Financial Results and AGM Notice Radhe Developers India Ltd has scheduled a meeting of its Board of Directors for Friday, July 17, 2026. The agenda for the meeting includes reviewing the company's Unaudited Financial Results for the quarter ended on June 30, 2026, among other matters.The planned business for the Board meeting encompasses considering and approving the Unaudited Financial Results of the Company. These results will be reviewed alongside the Limited Review Report prepared by the Statutory Auditor as per regulations.In addition to the financial review, the board is scheduled to approve the Notice of the 32nd Annual General Meeting (AGM) of the...

Rappid Valves Announces Strong Q1 FY27 Performance Amid Increased Order Book and Capacity Upgrades Rappid Valves (India) Limited has released its Business Update for the first quarter (Q1) of the financial year 2026-2027, ending June 30, 2026. The company, a precision-engineered manufacturer specializing in industrial and marine valves, reported strong performance indicators including sales figures and significant order book additions.The update was issued following the correction of an inadvertent error in the earlier business documentation, where the term "Revenue from Operations" was used instead of "Sales." The revision ensures that the company's operations are correctly reflected.Key Business Highlights for Q1 FY27 Rappid...

CARE Reaffirms Rating for KPT Industries as it Navigates Raw Material Volatility and Market Competition KPT Industries Ltd (KPTIL) has received a reaffirmation of ratings for its various bank facilities from CARE Ratings Limited. The rating action reflects the company's stable operational scale and comfortable profitability, alongside adequate debt coverage indicators, despite challenges related to raw material costs and intense industry competition.CARE Ratings maintained the outlook as Stable for KPTIL, recognizing the company's established presence in the electric power tools sector, supported by an experienced management team and a long operational track record of over four decades in the industry.Rating Details and Financial...

Simplex Papers Announces 32nd Annual General Meeting and Releases FY 2025-26 Annual Report Simplex Papers Ltd has scheduled its 32nd Annual General Meeting (AGM) for shareholders and made available the Annual Report covering the financial year 2025-2026. The meeting is set to be held on Tuesday, August 4, 2026, at 12:00 P.M., utilizing a Video Conferencing facility or other audio visual means (OAVM).The Annual Report for FY 2025-2026 is available online, providing shareholders with access to the company's full report details. The material can be accessed via the corporate website at https://simplex-group.com or through the specific link: https://simplex-group.com/simplexupdate/PapersLtd/ANNUAL REPORT/SPLAR2025-26.pdfIn addition to...

E&E Enterprises Ltd Reappoints Key Non-Executive Director and Statutory Auditors E & E Enterprises Limited, formerly known as The Swastik Safe Deposit and Investments Limited, announced a major corporate decision following its Board meeting on July 10, 2026. The Board approved the re-appointment of Mr. Snehal Parikh as a Non-Executive Independent Director and M/s. K. K. Birla & Co., Chartered Accountants, Mumbai as Statutory Auditors for both entities.The decision to reappoint Mr. Snehal Parikh reflects his extensive experience in corporate management. The Board recommended the individual for a second term of five years, effective from December 30, 2026. Mr. Parikh holds a Master of Business Administration (Finance) degree and...

<h1>Allcargo Logistics Confirms Securities Dematerialization Status for Quarter Ending June 30, 2026</h1>Allcargo Logistics Ltd has confirmed details regarding its securities dematerialization process for the quarter ending June 30, 2026. The company received a confirmation certificate from MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the Registrar and Share Transfer Agent.The certificate confirms that the securities received from depository participants for dematerialization during the specified quarter were accepted by Allcargo Logistics and confirmed to the depositories. Furthermore, it verifies that these shares are listed on all stock exchanges where they were originally issued.MUFG Intime...

Indegene Ltd Board Meeting Scheduled to Discuss Q1 Results and ESOP Allotment Indegene Ltd has scheduled a meeting of its Board of Directors for Thursday, July 30, 2026. The primary purpose of the meeting is to review and approve the unaudited financial results for the quarter ended June 30, 2026, along with critical updates regarding employee stock incentive schemes.The agenda items set for consideration include the company’s unaudited consolidated financial results as per Indian Accounting Standards (INDAS). The meeting will also review the unaudited standalone financial results of Indegene Ltd, both supported by a limited review report from the Auditors.In addition to the financial reviews, the Board is slated to address...

Pidilite Industries Confirms Tax Penalty of Rs 34,65,813 After Appeal Order Pidilite Industries Limited has confirmed a penalty amount following an appeal order received from the Additional Commissioner (Appeals), CGST Patna. The decision pertains to tax matters related to the Financial Year 2017-18.The company has been informed of the adverse finding which confirms a penalty of Rs 34,65,813/-. This penalty was originally imposed under the Central Goods and Service Tax Act, 2017, as detailed in an Order in Original dated November 22, 2023.Pidilite Industries is currently reviewing the appealable order received on July 8, 2026. The company stated that it is evaluating its next steps and intends to assess the opportunity to exercise...

Nikhil Nirvan Khattau Resigns as Non-Executive, Non-Independent Director of Kaya Ltd Kaya Ltd has announced the resignation of Mr. Nikhil Nirvan Khattau from his role as a Non-Executive, Non-Independent Director of the company. The departure is attributed to personal commitments and pre-occupations.Mr. Khattau's resignation means that he will also cease to be a member of the Audit Committee, Risk Management Committee, and Stakeholders' Relationship Committee of Kaya Ltd. This change in directorship is effective from the close of business hours on July 31, 2026.The company confirmed that there is no material reason for his resignation other than the reasons stated.Key details regarding the director change are summarized below...

NBCC Subsidiary Wins Rs 158.95 Cr in Work Orders for Odisha Education Projects Hindustan Steelworks Construction Limited (HSCL), a subsidiary of NBCC (India) Limited, has secured several work orders totaling approximately Rs 158.95 Crore from various clients for educational construction projects across Odisha. The contracts represent routine business activities for the company.The awarded works include project management consultancy on a deposit work basis. These contracts involve multiple key locations and clients, focusing on large-scale educational campus development.Key project details secured by HSCL are summarized in the table below:Project NameClient NameLocation / FocusApproximate Value (Rs Cr)Construction of Mega...

Sinnar Bidi Udyog Ltd Board Addresses Fine Levied by BSE Over Compliance Delay Sinnar Bidi Udyog Limited held a Board of Directors meeting on July 10, 2026, to address compliance matters related to the timely submission of documents to the Stock Exchange. The company reviewed the non-compliance issues raised concerning its reporting obligations for the quarter and year ended March 31, 2026.The Board deliberated on correspondence received regarding the levy of a fine stemming from a delay in providing prior intimation about the board meeting held on May 29, 2026. The Board found that the delay in submitting the agenda item relating to the consideration and approval of the audited financial results (both Standalone and Consolidated) was...

Knowledge Realty Trust holds First Annual Meeting; Details portfolio performance, approves key resolutions Knowledge Realty Trust held its First Annual Meeting (AM) on July 10, 2026, conducting the session through Video Conferencing and Other Audio-Visual Means. The meeting saw a turnout of 72 Unitholders who participated virtually or through authorized representatives.During the AM, Mr. Shirish Godbole, Chief Executive Officer of the Manager to KRT, presented an extensive overview of the Trust's portfolio, business, and financial performance for FY26. He detailed that the portfolio comprises high-quality assets spread across six cities in India, possessing a total leasable area of 46 msf.The Gross Asset Value (GAV) of Knowledge...

Duke Offshore Limited Announces Board Meeting to Review Unaudited Financial Results Duke Offshore Limited has scheduled a meeting of its Board of Directors to review the company's operational and financial performance for the recently concluded quarter.The Board meeting is slated for Friday, July 17, 2026, starting at 11:00 A.M. The primary business item on the agenda is the consideration and recording of the Unaudited Financial Results of the Company for the Quarter Ended on June 30, 2026.The meeting will address the financial outcomes associated with this period.Stock Price Movement As of 10:14, Duke Offshore Ltd. is edging higher, trading at ₹28.52, which reflects a 1.97% gain for shares. The stock remains completely flat in...