Markets

South Indian Bank Reports Rs. 377.63 Crore Net Profit for Q1 FY 2026-27 South Indian Bank has announced a robust net profit of Rs. 377.63 Cr. for the first quarter of FY 2026-27. This represents a significant growth of 17.29% compared to the Rs. 321.95 Cr. reported in Q1 FY 2025-26.The bank's performance during this period was characterized by substantial improvements in asset quality and strong growth in key lending segments. Notably, the Gross Non Performing Assets (GNPA) ratio saw a sharp decline of 177 bps, falling from 3.15% to 1.38% on a year-on-year basis. Similarly, the Net Non Performing Assets (NNPA) dropped by 42 bps, moving from 0.68% to 0.26%.The bank also achieved its highest ever Net Interest Income of Rs. 1,025 Cr...

SEBI Issues Stern Notice of Demand Against Individual for Illegal Trading Gains in DU Digital Global Limited Scrip The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Ankit Ajitbhai Panchal regarding unlawful trading activities. The enforcement action stems from transactions involving the scrip of DU Digital Technologies Limited, which has since been rebranded as DU Digital Global Limited.The notice, dated July 15, 2026, was issued under RC No. 9222. It highlights a rigorous crackdown on market integrity and regulatory non-compliance within the domestic securities market.Breakdown of Disgorgement Order and Penalties SEBI has demanded a total payment of ₹5,85,716.21 from Ankit Ajitbhai...

Torrent Pharmaceuticals to Review Quarterly Financial Results in Upcoming Board Meeting Torrent Pharmaceuticals Limited has scheduled a meeting of its Board of Directors on July 30, 2026. The primary agenda for this board meeting is the consideration and approval of the company's unaudited standalone and consolidated financial results for the quarter that concluded on June 30, 2026.The financial results will undergo a limited review prior to the board's deliberation. This meeting serves as a key milestone for the company to present its operational and financial performance during the period ending in June 2026.TORNTPHARM Stock Price Movement Torrent Pharmaceuticals Limited shares tumbled 1.75% today to settle at ₹4,930.00 during...

Wipro Limited Announces Financial Results and Interim Dividend for Quarter Ended June 30, 2026 Wipro Limited has announced its financial results for the quarter ended June 30, 2026, following a Board of Directors meeting held on July 15 and July 16, 2026. The company confirmed that the audited standalone and consolidated financial results, prepared under Ind AS and IFRS standards, were approved during the proceedings.The Board has also declared an interim dividend for the shareholders of the company. The dividend will be distributed based on the shareholding status as of the record date.Dividend Distribution Details The company has scheduled the following timeline and figures for the interim dividend payment:ItemDetails...

Navneet Education Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Navneet Education Ltd has scheduled a meeting of its Board of Directors to be held on Tuesday, July 28, 2026. The primary agenda for this meeting is to consider, approve, and record the un-audited standalone and consolidated financial results of the company for the quarter ended June 30, 2026.The board's review of these financials will provide a comprehensive look at the company's operational performance during the period ending in June. The announcement regarding this meeting follows the previous notification issued by the company regarding the closing of the trading window for its shares.As part of the scheduled procedures, the trading window for...

Sellowrap Industries Limited Receives Multiple Awards at ACMA Mobility Foundation 25th Year Celebration Sellowrap Industries Limited, a prominent automotive component manufacturer, has secured two significant honors at the ACMA Mobility Foundation’s 25th Year Celebration Conference. The recognitions highlight the company's achievements in environmental, social, and governance (ESG) standards as well as operational leadership.The Company received the Star Performing Company award for Environmental, Social and Governance (ESG) under the ACMA ESG Program 2025-26. This accolade was specifically presented to the Sellowrap Industries Limited facility located in Gurugram.Additionally, Managing Director Mr. Saurabh Poddar received a...

CARE Ratings Reaffirms Credit Ratings for Shiva Mills Limited Bank Facilities Shiva Mills Limited has received a reaffirmation of its credit ratings for bank facilities from CARE Ratings Limited. The rating action follows a review of the company's operational and financial performance for the fiscal year 2026 (Audited).The reassessment covers both long-term and short-term banking facilities, maintaining the existing rating status for the entity.Rated Facilities Overview The credit ratings were assigned to bank facilities totaling Rs. 40.00 crore. The specific breakdown of the rated facilities is as follows:Nature of FacilityAmount (Rs. crore)RatingRating ActionLong-term Bank Facilities27.50CARE BBB; StableReaffirmedShort...

Canara HSBC Life Insurance Announces Updated Participants for Q1FY27 Earnings Conference Call Canara HSBC Life Insurance Company Limited has updated the representative list for its upcoming earnings conference call regarding the unaudited financial results for the quarter ended June 30, 2026. The company confirmed that Mr. Soly Thomas, Deputy Chief Executive Officer and Chief Distribution Officer (Bancassurance), will be representing the organization alongside other senior management officials during the session.The conference call is scheduled to take place on Monday, July 20, 2026, at 06:00 PM IST. The company has maintained all other logistical details regarding the event while ensuring that the leadership presence reflects the...

CRISIL Upgrades Long-Term Rating for Vedanta Aluminium Metal Limited CRISIL Ratings Limited has announced a rating upgrade and outlook improvement for Vedanta Aluminium Metal Limited. The agency assigned a long-term rating of AA+ with a Stable outlook to the company, marking a significant shift from its previous status.The revision includes an upgrade for the Non-Convertible Debentures, which have been assigned a CRISIL AA+ rating and placed on a Stable outlook. Additionally, the short-term rating for the company has been reaffirmed by the agency.The following table summarizes the rating changes as reported by CRISIL:Name of the CompanyRatingsVedanta Aluminium Metal LimitedCRISIL AA+ / Stable / CRISIL A1+Previous...

Alkem Laboratories Acquires Rights Shares from Wholly Owned Subsidiary Alkem Laboratories Limited has announced the acquisition of 79,36,50,794 equity shares from its wholly owned subsidiary, Alkem Medtech Private Limited. The transaction, conducted on a rights basis, was completed with the allotment of shares on July 15, 2026.The acquisition was executed at an issue price of Rs. 13.86 per equity share, amounting to a total consideration of Rs. 11,00,00,00,005.Strategic Purpose and Scope The acquisition is intended to facilitate the purchase of between 51% and 55% of the total issued equity share capital of M/s. Occlutech Holding AG. The transaction was structured as a cash consideration. The company confirmed that this specific...

Kross Limited to Review Unaudited Financial Results for June 2026 Quarter Kross Limited has scheduled a meeting of its Board of Directors to be held on July 24, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results of the company for the quarter ended June 30, 2026.The company previously announced that the trading window for dealing in its shares would remain closed from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. Based on this timeline, the trading window is scheduled to remain closed until July 26, 2026.The upcoming board meeting serves as a key milestone for the company to formalize its performance metrics for the...

7NR Retail Limited Appoints New Managing Director and Chairperson 7NR Retail Limited has announced significant leadership changes following a Board of Directors meeting held on July 16, 2026. The company approved the appointment of Mr. Hit Shah as Managing Director and Mr. Dilipbhai Vithhaldas Patel as Chairperson, both effective from July 16, 2026.Leadership Appointments and ProfilesMr. Hit Shah (DIN: 11828132) joins the leadership team as Managing Director. He is the Founder and CEO of Imagine Social. Since 2022, Mr. Shah has managed a team of over 16 professionals to assist jewelry brands with branding, content creation, social media marketing, and performance marketing.Mr. Dilipbhai Vithhaldas Patel (DIN: 11661239) has been...

Renaissance Global Limited Announces Resignation of Senior Management Personnel Renaissance Global Limited has announced the resignation of Mr. Akshay Kumar Sharma from his position as President of the Bridal Division. The resignation became effective at the close of working hours on July 15, 2026.Mr. Sharma, who served as a Senior Management Personnel (SMP) member within the company, decided to step down to pursue personal interests and commitments. In his formal resignation letter, he stated that his departure was intended to allow him to pursue further growth opportunities. He expressed appreciation for the guidance and support provided by the management during his tenure with the organization.The details of the leadership change...

India’s Record FDI Figures Mask Reality as Only 30% Represents New Capital, Reveals Former IMF Official India recorded a record gross Foreign Direct Investment (FDI) inflow in FY26, but the underlying data suggests a complex narrative regarding actual capital injection into the domestic economy. Surjit Bhalla, former Executive Director at the International Monetary Fund (IMF), revealed that only 30 percent of these inflows represented fresh money from overseas.The remaining 70 percent of the gross FDI figure is comprised of retained earnings from foreign companies already operating within India. This shift in data reflects the IMF's revised methodology introduced between 2017 and 2020, which now counts retained earnings as part of the...

Indus Aluminium Recyclers Limited Postpones Board Meeting for Quarterly Results Indus Aluminium Recyclers Limited, formerly known as Containerway International Limited, has announced the postponement of its Board of Directors meeting originally scheduled for July 15, 2026.The meeting was intended to review and approve the company's unaudited financial results for the quarter ended June 30, 2026. Due to unavoidable circumstances, the session did not take place as planned, and no business was transacted during the scheduled proceedings.The company stated that it will provide an update regarding the revised date for the Board Meeting in due course.Stock Price Movement Containerway International Ltd settled at ₹16.31 on Thursday after...

CRISIL Upgrades Credit Rating of Vedanta Limited CRISIL Ratings Limited has upgraded the credit rating of Vedanta Limited, reflecting a positive shift in its financial standing. The rating agency issued the update on July 16, 2026.The rating agency assigned a 'CRISIL AA+' rating to the company's Non-Convertible Debentures (NCDs) and placed them on a 'Stable' outlook. Furthermore, the long-term rating of Vedanta Limited has been upgraded to 'Crisil AA+/Stable', while its short-term rating remains reaffirmed at 'CRISIL A1+'.The following table outlines the transition in the company's credit ratings:Name of the CompanyRatingsPrevious RatingsVedanta LimitedCrisil AA+/Stable / CRISIL A1+CRISIL AA / Watch Developing / CRISIL A1+...

Gland Pharma Receives Customs Order Regarding IGST Demand and Penalties Gland Pharma Limited has received an order from the Customs Authority pertaining to an Integrated Goods and Services Tax (IGST) demand, including interest and penalties, for the financial years 2020-2021 and 2021-2022. The order was issued by the Principal Commissioner of Customs in Hyderabad.The Order-in-Original, dated July 10, 2026, relates to the availment of IGST benefits amounting to INR. 3,52,93,678/- under Notification No. 18/2015-Cus. The authorities have confirmed a demand of INR. 3,52,93,678/- along with applicable interest, and further imposed a penalty of INR. 3,52,93,678/- under the provisions of the Customs Act, 1962.The company received the...

Shivalik Bimetal Controls Limited Receives Consent to Operate for Pune Manufacturing Facility Shivalik Bimetal Controls Limited (SBCL) has secured the Consent to Operate (CTO) from the Maharashtra Pollution Control Board for its manufacturing facility in Pune (Phase-I). The approval is valid until June 30, 2032, and marks a significant milestone in the company's operational strategy for expanding its manufacturing footprint.The authorization enables SBCL to begin the phased operationalization of the Pune site. Commercial production will be scaled according to customer qualifications, specific program schedules, and commercial requirements. This facility is designed to enhance the company’s capabilities in value-added components and...

Unitech Limited Appoints Cost and Statutory Auditors for Upcoming Terms Unitech Limited has announced the re-appointment of its cost auditors and the extension of its statutory auditors during a Board of Directors meeting held on July 16, 2026. The decisions were made following recommendations from the Audit and Risk Management Committee to ensure continued oversight and financial reporting for the company's upcoming fiscal cycles.The Board approved the re-appointment of M/s Pant S. & Associates as the Cost Auditors for the financial year 2026-27. M/s Pant S. & Associates, a prominent Cost and Management Accountancy firm established in April 2012 by Mr. Santosh Pant, maintains a presence across five states including Uttar Pradesh...

Mahan Industries Ltd Committee Recommends Preferential Issue and Change in Control Mahan Industries Limited has received a recommendation from its Committee of Independent Directors regarding a proposed preferential issue of equity shares and convertible warrants. The committee met on July 16, 2026, to deliberate on the proposal, which involves both a significant issuance of capital and a subsequent change in the control of the company.Preferential Issue of Equity Shares The committee recommended the issuance and allotment of up to 3,200,000 fully paid-up equity shares on a preferential basis. These shares carry a face value of ₹10 each and are offered at an issue price of ₹12 per share, which includes a premium of Rs. 2 per share...