Markets

IRDAI Approves Ashwani Bhatia as Chairperson of Niva Bupa Health Insurance Company Limited Niva Bupa Health Insurance Company Limited has secured regulatory approval for the appointment of Mr. Ashwani Bhatia as its new Chairperson. The Insurance Regulatory and Development Authority of India (IRDAI) accorded the necessary approval, confirming the leadership change at the health insurance firm.The IRDAI issued the approval via a letter dated August 10, 2026. With this regulatory consent, Mr. Ashwani Bhatia was appointed to lead the company as Chairperson. The appointment is effective from June 03, 2026.NIVABUPA Stock Price Movement As of 11:42 AM, shares of Niva Bupa Health Insurance Company Limited are slipping by 1.53% in live...

Jai Corp Ltd Reports Full Restart of Vasona Plastic Processing Unit Operations Jai Corp Limited has announced that operations at one of its plastic processing units located in Vasona have fully restarted as of 07:00 am (IST) on August 11, 2026. This marks a significant operational milestone following previous notifications regarding the stoppage and partial restart of the unit.The company stated that while the restoration process is complete, management is currently unable to quantify the full impact of the recent disruption on the operations.Details concerning the loss assessment related to the incident are being actively managed by the company. The details provided in an annexed statement reflect the current status regarding...

TCS and Google Cloud Launch Gemini Experience Center in Mexico to Accelerate AI Adoption Tata Consultancy Services (TCS) and Google Cloud have established a new Gemini Experience Center (GEC) in Mexico City, positioning it as the second such center in Latin America and the ninth globally. The facility is set up within TCS' Mexico City office and aims to empower regional organizations by providing access to advanced AI capabilities designed to accelerate innovation, productivity, and data-driven decision-making across industries.The new GEC is equipped with over 3,000 industry- and context-aware AI agents developed by TCS utilizing Gemini Enterprise. These solutions are designed for seamless integration into customer environments...

Hong Kong Shares Slip Amid Geopolitical Tensions as Iran Conflict Weighs on Global Sentiment Mainland Chinese Markets Post Mixed Session Amid Geopolitical Risk Mainland Chinese equities saw a mixed performance on Tuesday, though sentiment remained cautious due to the ongoing U.S.-Iran conflict and its impact on global oil prices. The Shanghai Composite index was down 0.1% at midday, while the blue-chip CSI300 managed to gain 0.2%.The broader market showed varied strength across sectors. The Shenzhen index advanced by 0.4%, and the ChiNext Composite rose 1.4%. Meanwhile, Shanghai's technology-focused STAR50 index added 0.2%. Non-ferrous metal stocks faced significant pressure, with their sector index declining by 1.5% during morning...

Advit Jewels Posts Strong Q1 FY27 Results, Driven by Premium Handcrafted Jewellery Demand Advit Jewels Limited (RAMBHAJO), a leading manufacturer of traditional and contemporary handcrafted jewellery, has reported robust unaudited financial results for the first quarter of Fiscal Year 2027. The company demonstrated significant growth in its core business, attributing the performance to the strong demand for its high-end products and successful brand strengthening initiatives.The company, which specializes in Kundan, Polki, Diamond, and Studded Jewellery, saw its total income climb by 37.35% year over year (YoY), while EBITDA grew by 33.02%. Net Profit also registered a healthy increase of 37.86% YoY.Q1 FY27 Financial Performance The...

Dev Information Technology Secured Rs 5.33 Cr Contract for Gujarat Government Land Records Modernization Dev Information Technology Ltd (DEVIT) has secured a significant enterprise technology order from the Settlement Commissioner and Director of Land Records, an undertaking within the Revenue Department of the Government of Gujarat. The contract is valued at approximately Rs 5.33 Crore.The agreement involves providing comprehensive software enablement and infrastructure modernization services. The core of the project centers on integrating Microsoft SQL Server 2025 Enterprise architectures into the operations of the Gujarat state government.Under this contract, DEVIT will support the department's mission critical applications: iORA...

Aadhar Housing Finance Limited Receives 'Strong' ESG Rating from Crisil for FY 2026 Aadhar Housing Finance Limited has received an Environmental, Social and Governance (ESG) rating from Crisil ESG Ratings & Analytics Ltd. The ratings were assigned based on data pertaining to the company's operations during Fiscal Year 2025-26.According to the report issued by Crisil ESG Ratings, Aadhar Housing Finance achieved a 'Crisil ESG 67' rating, placing it in the 'Strong' ESG rating category. Additionally, the company was awarded a Core ESG rating of 'Crisil Core ESG 75' for FY 2026.The rating results were made available to the market after Crisil ESG Ratings & Analytics Ltd assigned the grades. The company confirmed that while receiving the...

Infinity Infoway Reports Q2 FY26 Unaudited Financial Results and Announces Secretarial Auditor Appointment Infinity Infoway Ltd., a provider of customized integrated online ERP software solutions, has announced its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors considered and approved these results during a meeting held on August 11, 2026.The company, which provides services in various modules such as Supply Chain Management (SCM) and Customer Relationship Management (CRM), has also announced the appointment of Mrs. Janvi Davda, Practicing Company Secretary based in Rajkot, as the Secretarial Auditor for the financial year 2026-27.Financial Performance Highlights The Board meeting...

Remsons Industries Announces Board Meeting to Approve Q2 Financial Results and Confirms Trading Blackout Period Remsons Industries Ltd has scheduled a meeting of its Board of Directors to review and approve the financial outcomes for the quarter ended 30 June, 2026. The board meeting is set to take place on Friday, 14 August, 2026.The primary agenda item for the company during this meeting will be the consideration and approval of the Un-Audited Standalone and Consolidated Financial Results for the quarter ended 30 June, 2026.In connection with the financial period, Remsons Industries confirmed that trading in its securities has been closed to designated persons and directors. The trading restriction commenced on Wednesday, 1 July...

Embassy Developments Reports Strong Q1 FY27 Results, Driving 338% YoY Growth in Pre-Sales Embassy Developments Limited (EDL), specializing in residential and commercial projects across key urban markets like Bengaluru and Mumbai, has reported a robust start to Fiscal Year 2027 (Q1 FY27). The company recorded significant growth in presales while continuing project execution and securing key regulatory approvals for its developments.The Q1 results demonstrate sustained demand across EDL's portfolio. Presales reached approximately ₹868 crore, marking a substantial 338% year-on-year increase compared to the ₹198 crore recorded in Q1 FY26. Collections during the quarter amounted to roughly ₹496 crore, an increase of 54% from ₹322 crore in...

Flair Writing Industries Subsidiary Expands Stainless Steel Bottle Production Capacity with Fourth Line Order Flair Writing Industries Limited's subsidiary, Flair Cyrosil Industries Private Limited (FCIPL), has secured an order for a fourth state-of-the-art manufacturing line dedicated to stainless steel bottles. This expansion marks a significant step in strengthening the Company's manufacturing capabilities within the growing houseware and steel bottle products segment.FCIPL currently operates three stainless steel bottle manufacturing lines. The newly ordered, next-generation line is estimated to be commissioned by Q4FY27. This addition is expected to increase the overall manufacturing capacity of FCIPL by approximately 35%...

Sundaram Brake Linings Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Sundaram Brake Linings Limited has reported its unaudited standalone financial results for the quarter ended June 30, 2026. The company’s Board of Directors approved these results at a meeting held on August 8, 2026.The results were reviewed by Statutory Auditors, who issued a Limited Review Report with an Unmodified Opinion. The primary operations of Sundaram Brake Linings relate solely to the friction materials segment.Quarterly Financial Performance Summary The company reported details across its key financial metrics for the quarter ended June 30, 2026, compared to previous periods.ParticularsQuarter Ended 30.06.2026...

L&T Finance Limited Appoints New Whole-time Directors L&T Finance Limited has announced the appointment of two new directors to its board. The appointments are effective from August 10, 2026, following the receipt of approval from the Reserve Bank of India (RBI) dated August 10, 2026.The company appointed Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors for specified periods.Details regarding the new appointments are provided below:Director NameDINRoleTenureMr. Sachinn Joshi00040876Whole-time DirectorTwo yearsMr. Raju Dodti06550896Whole-time DirectorThree yearsThe appointments of the directors, which are effective from August 10, 2026, were finalized subsequent to securing necessary approval from the...

KPI Green Energy Reports Q1 FY2026-27 Results; Confirms CFO Change and Strategic Project Wins KPI Green Energy Limited has announced its consolidated financial results for the first quarter of fiscal year 2026-27, alongside detailing key changes in senior management and major strategic project milestones. The company reported a 16% growth in total revenue while noting industry headwinds led to declines in Profit Before Tax (PBT) and Profit After Tax (PAT).The consolidated financial performance highlighted steady execution momentum across the renewable energy portfolio. Total Revenue reached ₹710 crore for Q1 FY2026-27, registering a 16% rise compared to ₹614 crore reported in Q1 FY2025-26. EBITDA (Earnings Before Interest, Tax...

Antony Waste Handling Cell Announces Q1FY27 Results; Revenue Reaches ₹ 260 Crore Antony Waste Handling Cell Limited (AWHCL), a leading player in India's Municipal Solid Waste Management industry with 25 years of experience, announced its financial results for the quarter ended June 30, 2026.The company reported Total Operating Revenue of ₹ 260 crore for Q1FY27. Jose Jacob, Chairman and Managing Director of AWHCL, stated that the revenue performance reflects the resilience of the business model and consistent execution across the portfolio, driven by higher volumes at project sites and contractual tariff escalations.During the quarter, EBITDA stood at ₹ 45 crore. The profitability moderation was attributed primarily to elevated...

Jubilant Pharmova Plunges as Q1 Profit Slashes 45%; Operating Costs, Product Availability Dent Earnings Jubilant Pharmova shares saw a notable decline, dropping nearly 6% to the day's low of Rs 908 on the BSE. The drop followed the company's announcement of significantly lower profitability in its first quarter ended June. Consolidated profit for the period came down by 45% year-on-year (YoY), reaching Rs 56 crore.The decrease in reported profit was attributed to challenges in operating profitability, alongside an increase in depreciation costs related to Line 3 operations in Spokane. Despite the decline in consolidated profits, the company managed revenue growth across various segments. Total income for Q1’FY27 jumped by 18%...

Bharat Coking Coal Limited Holds 55th AGM; Recording Link Made Available Bharat Coking Coal Limited, a Miniratna Company and a subsidiary of Coal India Limited, concluded its 55th Annual General Meeting (AGM). The meeting was held on August 7, 2026.The proceedings of the company's 55th AGM are available via recording. This recording details the events that took place during the gathering.BHARATCOAL Stock Price Movement As of 11:10 AM, shares of Bharat Coking Coal Limited are edging higher to ₹34.08 as trading gains continue, up 0.24%. The stock has seen one million shares traded so far and remains within a tight intraday range between a low of ₹33.89 and a high of ₹34.17.

Technocraft IPO Surges Over 5x as Infrastructure Play Captures Investor Frenzy Ahead of Listing The initial public offering (IPO) of Technocraft Ventures has witnessed exceptionally strong investor interest on its final day of bidding. The issue, which focuses on wastewater treatment and infrastructure solutions, was subscribed at 5.15 times as of the morning data released by the NSE.The company successfully managed to attract varied institutional support. The non-institutional investor (NII) segment saw a robust subscription of 7.48 times. Closely following behind was the retail portion, which also performed strongly, receiving bids at 4.52 times.IPO Details and Market MomentumThe Rs 251.88 crore IPO offered equity shares for...

Magson Retail Announces Grant of 3,58,250 Stock Options Under ESOS 2025 Magson Retail and Distribution Limited (MRDL) has approved the grant of Employee Stock Options (ESOP) as part of its Magson Retail and Distribution Limited Employee Stock Option Scheme 2025. The decision was made by the Nomination and Remuneration Committee at a meeting held on August 11, 2026.The committee approved the grant of 3,58,250 ESOP to eligible employees under the scheme. These options are convertible into an equal number of Equity Shares of the Company, each having a face value of ₹ 10/-.The primary objective of the MRDL ESOS 2025 is to align the interests of the company’s workforce with the long-term goals of the business. The scheme is designed to...

RBI Targets ₹1 Lakh Crore in VRRR Auction to Stabilize Market Liquidity on August 11 The Reserve Bank of India (RBI) has announced the conduct of a Variable Rate Reverse Repo (VRRR) auction to manage and stabilize liquidity conditions within the financial markets. This decision follows a thorough review of current and evolving market liquidity metrics. The auction is set for Tuesday, August 11, 2026, as part of the bank's ongoing efforts to maintain market stability.Details of the Overnight VRRR Auction The RBI has designated a significant tranche size for the upcoming auction. A total Notified Amount of ₹ 1,00,000 crore is slated for this VRRR activity. The instrument carries a one-day tenor, targeting overnight liquidity absorption...