Markets

SBI Seizes Growth Surge: Investment Clients Four Times More Valuable Than Traditional Savers SBI Funds Management has identified significant headroom for expanding its Systematic Investment Plan (SIP) business across India. Leveraging its vast banking network and massive customer base, the lender aims to transform traditional savings relationships into high-value investment partnerships.Debasish Mishra, MD and CEO of SBI Funds Management, pointed out that the bank's scale provides a substantial growth opportunity. With over 530 million customers globally, including approximately 21 million salary account holders, SBI has the infrastructure to significantly boost its SIP portfolio.Understanding The Value Shift: Why Investment Clients...

Shayona Engineering Ltd Receives Purchase Order for Supply of Engineering Components Valued at Rs 1,70,45,100 Shayona Engineering Ltd has secured a significant domestic contract, having received a Purchase Order from a customer for the supply of engineering components. The order holds a broad consideration of Rs 1,70,45,100, which includes GST at 18%.The company's acquisition of this order marks a key operational milestone in its pursuit of supplying specialized industrial materials. The purchase order was received on July 9, 2026, and the execution timeline for the contract is set for completion by July 30, 2026.While the identity of the domestic customer has been withheld due to contractual confidentiality obligations, the...

SBI Funds Management Unleashes AI Across the Boardroom, Securing Compliance While Boosting Investor Trust SBI Funds Management has announced a massive operational transformation, dedicating significant investment to embedding Artificial Intelligence across every facet of its business. The country’s largest asset manager is not only looking to enhance productivity but is also reinforcing governance and data integrity at an unprecedented scale. This strategic push comes as the fund house prepares for its anticipated IPO subscription opening on July 14.Redefining Investor Experience with AI-Powered Services R. S. Srinivas Jain, Chief of Strategy, Digital and Technology and Head – Investor Relations, articulated that SBI Funds Management...

Bitcoin Rebounds: Price Jumps Post Trump's Iran Signal Amid Cooling Geopolitical Fears Bitcoin saw a notable rebound, surging past $64,000 in early trading on July 10th. The cryptocurrency reached $64,029, marking a gain of 0.33 percent over the last 24 hours and increasing by 2.95 percent within the past week. This uptick occurred as markets digested favorable shifts in geopolitical tensions and observed cooling in oil prices.The price movement was attributed to reducing fears concerning Iran, which followed speculation spurred by US President Donald Trump suggesting a deal might be imminent. However, market experts caution that this recovery remains fragile. Spot Bitcoin ETFs recorded $84 million in net outflows on Wednesday...

Gadkari Bets on Hydrogen Revolution as India Launches Major Transport Sector Trials and Ambitious Reforms The future of Indian transport is being driven by a strategic pivot towards sustainable fuel sources. Union Road Transport and Highways Minister Nitin Gadkari announced that the Ministry is undertaking comprehensive hydrogen fuel trials across 10 key routes, signaling a massive push toward decarbonizing the transportation sector. These pilot projects are central to the ministry's vision, cementing his conviction that "hydrogen is the fuel of the future."Hydrogen Trials Target Key Corridors Across India The government is actively conducting these groundbreaking hydrogen fuel trials on 10 specific transport routes nationwide. The...

Dixon Technologies Surges, Vikram Solar Gains Amid Major JV Deals and Supply Agreements Tech Giants React to Strategic Partnerships and Expansion Plans Dixon Technologies saw a positive movement in its share price after announcing a significant joint venture agreement. The company entered into a partnership with Vivo Mobile India. This strategic alliance is set up to establish a 51:49 joint venture. The JV aims to manufacture smartphones and other electronic devices within India.Pace Digitek also gained 2 percent on corporate developments from its subsidiary, Lineage Power. Lineage Power signed two strategic memoranda of understanding (MoUs). These MoUs are with Onward Solar Power and Kalpa Power. The agreements concern the supply of...

Kusumgar IPO Ignites Strong Demand, Subscribed Over 14x as Investors Weigh Listing Gains The Rs 650 crore initial public offering (IPO) of Kusumgar Limited continues to attract robust investor interest on its third day of bidding. As of 10:03 am on July 10, the issue was subscribed over 14 times, reflecting significant appetite for the company's shares. The IPO, which opened on July 8 and closes on July 10, is seeing a surge in demand across multiple investor categories.IPO Subscription Details Reveal High Investor InterestThe public issue offered a total of 16.56 crore shares against 1.14 crore issued, indicating strong oversubscription. Non-institutional investors led the charge, subscribing nearly 42 times their allocated quota...

Dharti Proteins Ltd has scheduled a meeting of its Board of Directors on Wednesday, July 15, 2026. The primary agenda item for the board meeting is to consider and approve the Unaudited Standalone Financial Results of the company for the first quarter ended June 30, 2026.The gathering of the Board members will be held to review the company’s performance during the quarter. Key among the business considerations is the approval of these results, along with taking on record the Limited Review Report pertaining to the said financial figures.In addition to reviewing and approving the quarterly financials, the Board has been granted permission to discuss any other related matters as deemed necessary by the chair. The meeting serves as a...

TCI Express Limited Clarifies Significant Increase in Equity Trading Volume TCI Express Limited confirmed that the recent significant increase in the trading volume of its equity shares is purely market driven, stating it is not aware of any specific event or information attributable to the surge.The clarification addresses an inquiry regarding the heightened activity observed in the company's stock across various exchanges. TCI Express Limited affirmed that it has consistently disseminated all material events and information pertaining to the operations and performance of the Company within prescribed timelines.The management confirmed that there has been no withholding of any material information or unpublished price sensitive...

Promoter Group Executes Inter-se Transfer in Shriram Properties Ltd Shares Shriram Group members have completed an indirect disposal of shares in Shriram Properties Limited following an inter-se transfer between Promoters. The transaction involves the transfer of specific equity stakes held by the Shriram Group Executives Welfare Trust (SGEWT) to Murali Malayappan, a Promoter.The disposal occurred on July 7, 2026, involving the indirect transfer of shares which represented 5.91% of Shriram Properties Limited's total diluted share capital before the transaction. The shares being transferred are equity shares of Shriram Properties Holdings Private Limited (SPHPL), the Promoter of the Target Company, carrying a face value of Rs. 10/-...

Sandur Manganese Announces Record Date for Final Dividend of 50 Paise Per Share Sandur Manganese & Iron Ores Limited has announced the record date necessary for determining eligibility for a final dividend corresponding to the financial year ended March 31, 2026.The Board of Directors at its 385th meeting held on July 9, 2026, fixed the Record Date as Wednesday, August 12, 2026. The company has declared a final dividend amounting to ₹0.50 (Fifty Paise only) per equity share.The details of the dividend and the financial context are summarized below:Financial Year EndedDividend AmountFace Value Per ShareRecord DateMarch 31, 2026₹0.50₹10Wednesday, August 12, 2026The final dividend is subject to approval by the shareholders...

RBI Sets Key Cut-off Commission Rates in Underwriting Auction for Government Securities The Reserve Bank of India (RBI) released critical data regarding the outcome of the Additional Competitive Underwriting (ACU) auction conducted on July 10, 2026. The auction involved various government securities and set specific cut-off commission rates payable to Primary Dealers, providing a clear indicator of the market's participation in these debt instruments.Auction Mechanics and Market Participation Details The underwriting auction saw significant engagement across both designated security types. The RBI provided comprehensive details on the notional amounts, minimum commitments, and the successful acceptance levels for the securities up for...

Bharti Airtel Sets Record Date for Final Dividend Recommendation on Equity Shares Bharti Airtel Limited has established a record date for determining eligibility for the payment of a final dividend recommended by its Board of Directors for the financial year 2025-26. The company announced the details regarding the dividend structure, which is contingent upon member approval at its upcoming Annual General Meeting (AGM).The Board had proposed a final dividend amounting to Rs. 24/- per fully paid-up equity share and Rs. 6/- per partly paid-up equity share. These dividends are based on the face value of Rs. 5/- each for both security types, with the partly paid-up share having been paid up by Rs. 1.25 per share.The company has set...

Varigate Advisory Services and Sanjay Otawat Dispose Shares in Arman Holdings Ltd. The equity shares held by Varigate Advisory Services (P) Ltd and Sanjay Otawat have been disposed of in Arman Holdings Limited on July 9, 2026. The disposal involves the listed entities holding stake in the target company, as per records maintained for substantial acquisition monitoring.Varigate Advisory Services (P) Ltd and Sanjay Otawat hold stakes in Arman Holdings Limited. These parties are noted to be non-promoters concerning their holdings.Key details regarding the pre-disposal and post-disposal share structure of Arman Holdings Limited are as follows:MetricDetails Before SaleDetails After SaleTotal Equity Share Capital / Total Voting...

IC Electricals Shares Surge on Listing: Debut Premium Reaches 67.68% Amid Phenomenal IPO Subscription IC Electricals made a highly successful and robust debut on the National Stock Exchange (NSE). The company's shares were listed at Rs 166 per share, marking a significant premium of 67.68% over its initial IPO price band. This strong listing performance followed an intensely sought-after primary market period between July 3 and July 7.IPO Performance Metrics Drive Strong Listing Premium The phenomenal reception from investors was clearly indicated by the subscription figures for IC Electricals. The company's IPO received a staggering 390.82 times subscription in the initial offering. This overwhelming demand solidified its positioning...

Promoter Group Completes Acquisition of 45.93% Stake in Waaree Energies Ltd via Inter-se Gift Transfer A substantial change in control has been reported in Waaree Energies Limited, as promoter Chimanlal Tribhuvandas Doshi acquired a significant stake through an inter-se gift transfer of shares in the company's associated entity, Waaree Sustainable Finance Private Limited (WSFPL). The acquisition, finalized on June 24, 2025, provided Mr. Doshi with 45.93% of the target company’s equity share capital.The transaction represents a culmination of several related share transfers, including initial gifts and the dissolution of Hindu Undivided Family (HUF) holdings by family members. These movements facilitated the transfer of control to...

Kalyan Jewellers Stock Surges Past ₹475 as Brokerage Boost Fuels Massive Market Cap Rally Shares of Kalyan Jewellers India continued a powerful three-session rally, climbing over 7 percent on Friday. The stock emerged as a top gainer on the BSE Midcap index. Investors have continued to pour confidence into the company's long-term growth trajectory following strong brokerage endorsements.Stock Performance and Market Capitalisation Boost Kalyan Jewellers witnessed a significant jump, rising up to 7.2 percent during morning trading. The stock reached ₹475 per share on Friday. This sharp upward move has propelled its gains to an impressive 33.9 percent over the preceding three sessions.The rally has significantly bolstered the company's...

Key Director of Garware Hi-Tech Films, Mrs. Sarita Garware Ramsay, Passes Away Garware Hi-Tech Films Limited announced the sudden demise of Mrs. Sarita Garware Ramsay, its Joint Managing Director. The passing occurred on July 09, 2026.Mrs. Sarita Garware Ramsay had been serving as a Joint Managing Director of the company since 2002. Her experience and wisdom were deeply valued by the Board and the Company.The loss is described as irreparable to the company. The Board of Directors and all employees expressed their deepest condolences and heartfelt sympathies to the bereaved family following the passing of Mrs. Ramsay.Details regarding the change in directorial status are summarized below:ParticularsDetailsReason for...

SBI MF Targets $5 Billion by Doubling International Business, Accelerating Expansion into High-Growth Private Credit and PE SBI Mutual Fund is undergoing a major strategic pivot, moving beyond its core mutual fund operations to solidify its presence across high-growth investment segments. The AMC is aggressively expanding its footprint in Alternative Investment Funds (AIFs), specialized investment funds (SIFs), portfolio management services (PMS), and international business through GIFT City.The strategy focuses on building leadership across these diverse segments by strengthening resources, refining strategies, and forging strategic partnerships worldwide. This comprehensive overhaul signals a move toward becoming a multi-faceted...

Acquisition Details for Mahamaya Steel Industries Limited: Vijay Rathee Increases Stake Vijay Rathee has acquired an additional stake in Mahamaya Steel Industries Limited through the open market, bringing his total holding to 5.002%. The acquisition was completed on July 8, 2026.The data confirms that Vijay Rathee, who is not part of a Promoter group, previously held 4.985% of the equity shares of Mahamaya Steel Industries Limited.Details of the pre and post-acquisition holding are presented below:MetricBefore Acquisition (Acquirer Holding)Details of AcquisitionAfter Acquisition (Acquirer Holding)Shares Carrying Voting Rights819,3802,810 shares acquired822,190Percentage (%)4.985%0.017% of the acquisition was...