Markets

Kolte-Patil Reports Record Total Income of Rs 937 Crore in Q1 FY27; Paves Way for Mumbai Expansion Kolte-Patil Developers Limited, a real estate player with a presence across Pune, Mumbai, and Bengaluru, announced its un-audited results for the first quarter of fiscal year 2027, ending June 30, 2026. The company reported record total income and significant operational achievements, alongside a major strategic push into the Mumbai Metropolitan Region (MMR).The firm’s Q1 FY27 performance reflected strong project execution and portfolio strength, culminating in a robust EBITDA margin of 22%.Financial Performance Snapshot Kolte-Patil Developers recorded the following key financial metrics for the quarter:MetricValueTotal IncomeRs...

Supreme Court Dismisses GST Department's Appeal in Favour of Aarti Drugs Limited Aarti Drugs Limited has achieved a favorable legal outcome after the Hon'ble Supreme Court of India dismissed the Special Leave Petition filed by the GST Department concerning a protracted tax dispute. The dismissal means the matter stands disposed of, confirming the Company's position in the ongoing litigation.The dispute originated from an order passed by the GST Department and C.Ex. Authority, wherein Aarti Drugs Limited faced allegations related to contravention of Rule 96(10) of CGST Rule. The case involved a proposed demand of IGST amounting to Rs. 230.70 Crores, along with applicable interest and penalty, covering the financial years 2017-18 to FY...

Dhoot Transmission IPO Set for High-Octane Listing as Grey Market Signals 30% Premium The Rs 3,066.89-crore Dhoot Transmission Initial Public Offering (IPO) is continuing to attract significant investor interest on its second day of bidding. The issue is currently commanding a substantial premium in the grey market, pointing towards potentially explosive listing gains for subscribers. This strong momentum comes as analysts maintain generally positive outlooks, advising investors to carefully consider subscribing.IPO Demand and Subscription Metrics The Dhoot Transmission IPO garnered a solid response on Day 1 of the bidding process. The issue was subscribed at 63% overall against the offer of 2.49 crore shares. Individual Retail...

RIR Power Electronics Announces Appointments and Releases Quarterly Unaudited Financial Results RIR Power Electronics Limited has announced key appointments following its Board of Directors meeting held on August 10, 2026. The company confirmed the appointment of Mr. Vivek Satishbhai Patel as a Non-Executive Independent Director and elevated Mr. Ankit Shah to the role of Chief Financial Officer (CFO). The company also released its standalone un-audited financial results for the quarter ended June 30, 2026.The Board approved the appointment of Mr. Vivek Satishbhai Patel as an Additional Non-Executive Independent Director, effective August 10, 2026. His appointment is subject to regularization by the company’s shareholders and he was...

Eppeltone Engineers Limited Clarifies Stock Price Movement, States No Material Company Event Is CausalEppeltone Engineers Limited has addressed the significant movement in the price of its equity shares, stating that there is no material event or unpublished price sensitive information from the company that could explain the trend.In a clarification issued on August 10, 2026, the company confirmed that as of the date of the communication, management was not aware of any specific reason attributable to Eppeltone Engineers Limited that might have resulted in the recent movement in its stock price and trading volume.The company noted that the observed market activity appears to be purely market-driven, influenced by prevailing market...

Adani Executives' Criminal Charges Partially Dismissed in US Court After DOJ Review A significant development has occurred regarding a criminal indictment brought by the United States Department of Justice (US DOJ) against executives associated with the Adani Group. A US Eastern District NY Court has granted partial dismissal of the indictment, as the US DOJ decided not to pursue certain charges against several defendants.The indictment initially involved serious accusations concerning foreign corrupt practices, fraud, and obstruction of justice involving a renewable energy company headquartered in India. The criminal proceedings targeted executives who are senior members of the Adani Group.According to court records, the US Eastern...

Oil Prices Surge as Trump's Stance Tightens Hormuz Dealings Amid Global Supply Fears Oil prices continued their upward trajectory for a second straight session on Tuesday. The rally was fueled by persistent geopolitical tension, specifically surrounding stalled peace efforts in the Middle East. Brent crude futures were steady at $88 a barrel (up 0.35%), while US West Texas Intermediate crude futures held at $83.50 (up 0.40%). Both benchmarks saw substantial gains, having increased more than 5% on Monday and reaching their highest levels since July 31.Geopolitical Escalation Puts Pressure on Hormuz Stability The market rally followed a significant escalation in US-Iran diplomatic tensions. The development occurred after U.S. President...

Wipro Realigns Index Status as India Giants Target Million Connected Cars Markets traded with significant volatility on Monday, ending largely unchanged as investors grappled with easing global interest-rate concerns versus mounting pressure from crude oil prices and ongoing geopolitical uncertainties. Technically, the Nifty index maintains its bullish structure, remaining above the critical 24,350–24,500 support zone despite recent market consolidation.Corporate Shifts and Index Revisions The National Stock Exchange (NSE) Indices announced a significant semi-annual review concerning major listed companies. Major IT firm Wipro is slated to move out of the Nifty index, while BSE Ltd will be included in India's benchmark 50-stock index...

Carysil Ltd Q1 FY27 Highlights: Operational Expansions and Revenue Growth Surge Carysil Ltd. has continued to build its foundation as a global premium kitchen solutions brand, showcasing operational momentum through Q1 FY27 results while scaling up manufacturing capacity across key product lines. The company emphasizes a strategy centered on design-led innovation, expanding its domestic presence in India alongside strengthening its international footprint.Operational Excellence and Capacity Expansion Carysil reported significant updates regarding the expansion of its core production capabilities during Q1 FY27. These expansions are set to bolster future growth across various product categories:Quartz Sinks: Capacity expansion for...

Milky Mist Dairy IPO Sets Sights on Growth as Market Leader Launches Offering Milky Mist Dairy Food has announced plans for its Initial Public Offering (IPO), aiming to raise ₹1,428 crore through a fresh issue. The capital raised is designated for essential capital expenditure and debt repayment. This offering also includes an Offer For Sale of ₹125 crore, while the promoter group's stake will slightly decrease from 93% to 79.5% post-IPO.Business Profile and Market Leadership in Dairy Sector Incorporated in 1999, Milky Mist manufactures a diverse range of products including cheese, paneer, butter, curd, ghee, yogurt, and ice cream under its flagship brand. The company also produces frozen foods, ready-to-eat meals, and chocolates...

FIIs Surge into Net Buying Amid Range-Bound Markets as DIIs Turn Sellers Institutional Flow Data: FPIs and DIIs Show Mixed Signals Provisional exchange data for August 10 indicates a nuanced battle in the institutional landscape. Foreign Institutional Investors (FIIs) emerged as net buyers of Indian equities, purchasing shares worth ₹1,974.76 crore. This trend marks the second consecutive day of net buying by FIIs after they bought shares worth ₹480.24 crore on August 7.Conversely, Domestic Institutional Investors (DIIs) were net sellers on this particular day, offloading equities worth ₹1,290.29 crore. To put this in context, FIIs bought shares amounting to ₹13,161.56 crore against sales of ₹11,186.80 crore during the session. DIIs...

South West Pinnacle Exploration Secures Contract for Coal Exploration in JharkhandSouth West Pinnacle Exploration Limited has secured a Letter of Award from the Central Mine Planning and Design Institute Ltd. (CMPDI) for a significant coal exploration project in the state of Jharkhand. CMPDI is identified as a Mini Ratna Public sector company and a wholly owned subsidiary of Coal India Ltd.The contract involves the detailed exploration of coal resources within Jharkhand. South West Pinnacle Exploration Limited has been awarded this engagement following the issuance of the Letter of Award by CMPDI.The total value of the work, which includes GST, amounts to approximately 6.64 Crores. The company is scheduled to complete the...

Revathi Equipment India Limited Names Authorized Personnel Responsible for Material Event Disclosures Revathi Equipment India Limited has authorized specific senior management personnel to determine the materiality of company events and to handle disclosures intended for stock exchanges.The company designated three individuals jointly for this purpose, ensuring a clear chain of responsibility for reporting corporate events and information to the relevant market platforms.The authorized individuals, alongside their designations within Revathi Equipment India Limited, are listed below:NameDesignationMr. Abhishek DalmiaChairman and Managing DirectorMr. Mahesh GuptaChief Financial OfficerMs. Madhavi SinghCompany Secretary &...

Revathi Equipment India Limited Announces Retirement of Senior Management Personnel S. Balasundaram Revathi Equipment India Limited has announced that Mr. S. Balasundaram, a key member of its senior management team, will be retiring from his services with effect from August 10, 2026. Consequently, he will cease to be a Senior Management Personnel of the Company.The company stated that Mr. S. Balasundaram served in the capacity of Vice President - Marketing (PSU) and Quality Control at Revathi Equipment India Limited. The Board of Directors has expressed sincere appreciation for the valuable contributions and guidance provided by Mr. Balasundaram during his tenure with the organization, noting that the Company has benefited immensely...

Lemon Tree Hotels Expands Footprint with New Signings in Madurai and Mcleodganj Lemon Tree Hotels Limited, a leading hospitality company, has significantly bolstered its market presence by signing agreements for two new properties: Lemon Tree Premier in Madurai and Keys Select by Lemon Tree Hotels in Mcleodganj. These additions underscore the group's continued strategy of expanding across key cultural, leisure, and commercial markets in South India and Himachal Pradesh.The newly signed properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.Key Developments Madurai: Strengthening Tamil Nadu Presence Lemon Tree Premier in Madurai is set to serve as the company's eighth...

Lloyds Metals Sees Massive Surge as Q1 Profit Jumps 165%; Market Focus on Corporate Actions and Results Key Company Earnings Update: Performance Highlights and Losses Reported The stock market is focused today with several companies reporting their quarterly results, showing highly varied performance across sectors. While some firms recorded significant profit spikes, others grappled with losses or declines in profitability. Investors are closely monitoring the outcomes of these earnings reports to gauge sectoral health and operational efficiency.PC Jeweller reported a robust Q1 turnaround, with its profit zooming 37.2% to ₹222.2 crore from ₹161.9 crore. The company also saw revenue jump by 21%, reaching ₹877 crore against ₹724.9...

HCL Technologies Clarifies Data Breach Concerns Following Media Alerts HCL Technologies Limited has issued a clarification regarding media alerts concerning potential data breach claims made by a hacker group. The company addressed the concerns surrounding limited data elements potentially involving HCLTech employees.An initial investigation conducted by HCL Technologies indicates that the alleged data in question may be limited and dated several years back. The company confirmed there is no evidence of a breach into its systems, nor any evidence of engagement with any of its clients related to these claims.While addressing the potential threat, HCL Technologies stated it is undertaking further investigation into the matter. The...

SecureKloud Technologies Announces Q1 Results, Details HCTI Stock Agreement SecureKloud Technologies Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company also reported significant details regarding an agreement with Healthcare Triangle Inc., USA (HCTI), and approved notices for future board meetings.The Board of Directors held a meeting on August 10, 2026, approving the unaudited financial results (both standalone and consolidated) along with the limited review report from statutory auditors for the quarter ended June 30, 2026. The company also approved the notice to convene its 41st Annual General Meeting scheduled for Friday, September 25, 2026, which will be conducted via video...

BSE Stock Poised for Massive Surge as it Replaces Wipro in Key Nifty 50 Index The National Stock Exchange of India (NSE) has announced a significant shakeup to the Nifty 50 index, confirming that BSE Ltd. will replace technology firm Wipro starting September 30. This move is poised to trigger major passive fund flows as analysts track the shift in market capitalization between two long-standing constituents.BSE shares are set to join the benchmark index, marking a substantial endorsement of the exchange company's value and stability within the capital market landscape. The inclusion comes as BSE Ltd. has shown strong performance this year, posting gains of 36.8% so far.Impact of Company Replacement on Passive Funds The transition...

GIFT Nifty Signals Muted Start as Oil Surges Amid US-Iran Diplomatic Impasse Indian equity markets are set for a cautious opening, pressured by escalating geopolitical uncertainty surrounding the negotiations between the United States and Iran. The guidance from GIFT Nifty suggests a largely flat start for the Nifty 50, reflecting global risk aversion despite mixed movement in Asian equities.Geopolitical Tensions Drive Crude Oil Price Surge Crude oil prices extended their sharp rebound as diplomatic efforts to secure a peace agreement and reopen the Strait of Hormuz hit fresh hurdles. Brent crude climbed to $88 a barrel, while US West Texas Intermediate crude reached $82.45, marking their highest levels since July 31. Both benchmark...