Markets

Suraj Industries Ltd Signs Franchise Agreement with Vintage Distillers Limited for Liquor Bottling Suraj Industries Ltd has entered into a Franchise Tie-up Agreement with Vintage Distillers Limited to facilitate the bottling and packaging of Country Liquor and Rajasthan Made Liquor (RML) products. The agreement, executed on July 16, 2026, establishes a job work basis arrangement for producing liquor in aseptic packs.The operations will be conducted at the company's manufacturing unit located at Rajasthan State Ganganagar Sugar Mills Limited, Taragarh Road, Ajmer, Rajasthan. This domestic business agreement is designed to enhance the capacity utilization of the company’s existing manufacturing and bottling facilities while generating...

TCC Concept Ltd to Consider Equity Share Split in Upcoming Board Meeting TCC Concept Ltd has scheduled a meeting of its Board of Directors on July 21, 2026, to deliberate on a significant structural change regarding its share capital. The primary agenda for the meeting involves the proposed alteration of the company's capital through a sub-division or split of existing equity shares.The proposal entails splitting the current equity shares, which currently carry a face value of Rs. 10 each and are fully paid up. The specific manner of this split is to be determined by the Board of Directors. Any such action remains subject to approval from the company's shareholders and other necessary requirements.While the board will oversee the...

AU Small Finance Bank Appoints Amol Padhye as Chief Risk Officer AU Small Finance Bank has approved the appointment of Mr. Amol Padhye as the bank's Chief Risk Officer (CRO). Mr. Padhye will join the leadership team as Senior Management Personnel (SMP) and is scheduled to take over the role on September 1, 2026.His appointment follows the completion of the tenure of the incumbent CRO, Mr. Deepak Jain, who will conclude his term on August 31, 2026. The appointment was approved by the Board of Directors following recommendations from both the Risk Management Committee and the Nomination and Remuneration Committee.Professional Background and Expertise Mr. Padhye is a Chartered Accountant who holds a bachelor's degree in commerce from...

Oswal Overseas Ltd Settlement with LH Sugar Factories Limited Finalized Following NCLAT Order Oswal Overseas Limited has reached an amicable settlement with the financial creditor, LH Sugar Factories Limited, leading to the withdrawal of a legal appeal before the National Company Law Appellate Tribunal (NCLAT). The tribunal issued its order on July 9, 2026, acknowledging the resolution between the parties.The settlement was finalized after both the appellant and Respondent No. 1 jointly informed the NCLAT that their disputes had been resolved through a signed Settlement Agreement. Consequently, the Tribunal dismissed the appeal as withdrawn.Procedural Directives for ResolutionThe tribunal provided specific directions regarding the...

WeWork India Management Limited Reports Q1 FY27 Results; Records Highest Monthly Sales of 7.5k Desks WeWork India Management Limited has announced its financial results for the quarter ended June 30, 2026. The company reported significant growth in its operational footprint and member base, highlighting a period of accelerated supply expansion and expanding margins.Operational Growth and Market Dynamics The company reported that its Assets Under Management (AUM) grew by 30% year-on-year to reach 12 MSF. The operational area expanded by 18.5% over the year to 9.1 MSF, providing a desk capacity of 133.6k desks. During the first quarter alone, the company added 6.7k desks, including 3.3k managed office desks.Membership grew by 29.9%...

Chipmaker Stocks Plunge as AI Spending Concerns and Geopolitical Risks Trigger Market Volatility A significant selloff in the semiconductor sector dragged down broader market sentiment as investors questioned if massive artificial intelligence investments can justify current lofty valuations. The tech-heavy landscape faced a wave of volatility that saw a gauge tracking industry leaders like Nvidia Corp. and Broadcom Inc. slide by 3.5%.While many S&P 500 shares managed to gain, the index overall retreated as the Nasdaq 100 fell 1%. This pullback highlights a growing tension in the market where even positive reports are failing to ignite sustained buying interest.Valuation Anxiety Clouds AI and Chip Sector Growth The market is...

WeWork India Reports Strong Q1 FY27 Growth with 533% Surge in Profit After Tax WeWork India Management Limited has announced its financial results for the first quarter of FY27 ended June 30, 2026, highlighting a period of significant growth and the commencement of a new capacity expansion cycle. The company reported a substantial increase in profitability and revenue while expanding its operational footprint across India.During the quarter, WeWork India saw its revenue rise to ₹ 698.0 Cr, representing a 28.5% year-on-year (YoY) increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 69.3% YoY to reach ₹ 138.3 Cr. Notably, the company reported a 533.3% surge in Profit After Tax (PAT), which stood at...

SBI Funds Management IPO Shatters Records to Become India’s Fifth-Largest by Bid Value SBI Funds Management has etched its name into the history of Indian capital markets after its Rs 9,813-crore initial public offering (IPO) drew a staggering Rs 2.98 lakh crore in bids. The issue saw an overwhelming response, closing with a subscription level of 41.66 times on the final day of bidding.This massive influx of capital positions the debut as the fifth-largest IPO in India by total bid value. It currently ranks behind landmark offerings from Reliance Power, LG Electronics India, Bajaj Housing Finance, and ICICI Prudential AMC.Institutional Appetite Drives Record Subscription Numbers The institutional interest in the offering was...

Motilal Oswal Financial Services to Review Quarter Ended June 30, 2026, Results Motilal Oswal Financial Services Limited has scheduled a meeting of its Board of Directors on Thursday, July 23, 2026. The primary objective of the board meeting is to consider and approve the unaudited financial results for both standalone and consolidated positions for the quarter ended June 30, 2026.The company has confirmed that the trading window for dealing in its securities remains closed during this period. This restriction will continue until 48 hours after the declaration of the financial results for the specified quarter.The details regarding the meeting and the subsequent financial updates are scheduled as follows:EventDateBoard...

Muthoot Capital Services Ltd Reports Profit for Quarter Ended June 30, 2026 Muthoot Capital Services Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a profit of Rs 812.21 lakhs for the period, reflecting a turnaround from a loss of Rs 466.99 lakhs recorded in the same quarter of the previous year (June 30, 2025).The financial performance highlights a steady rise in revenue from operations and controlled expenditure management during the reporting period. The company's total income for the quarter stood at Rs 16,063.74 lakhs, compared to Rs 14,738.26 lakhs in the quarter ended June 30, 2025.Financial Performance Overview The following table summarizes the key financial...

Caliber Mining and Logistics Secures Rs 135 Crore Anchor Investment Ahead of Rs 450-Crore IPO Maharashtra-based coal mining services provider Caliber Mining and Logistics has successfully raised Rs 135 crore from seven anchor investors ahead of its primary market debut.The company, backed by notable investors including Sunil Singhania and Anchorage Capital Fund, is set to launch a Rs 450-crore initial public offering (IPO).The IPO structure includes a fresh issue of shares valued at Rs 400 crore alongside an offer for sale (OFS) of Rs 50 crore by the promoters.The subscription window for the public issue will remain open from July 17 to July 21, with a fixed price band of Rs 402 to Rs 424 per share.Dominant Institutional...

FIIs Unleash Massive Outflow as DIIs Step In to Cushion Markets Amid Sharp Selling Pressure Domestic institutional investors (DIIs) acted as a critical stabilizer for the Indian equity markets on July 16, purchasing shares worth Rs 2,986.41 crore. This domestic support came at a pivotal time as foreign institutional investors (FIIs/FPIs) turned aggressive sellers, offloading equities worth Rs 4,205.56 crore during the session.The provisional exchange data highlights a stark contrast in investor sentiment between domestic and international entities. While DIIs purchased shares worth Rs 19,236.80 crore against sales of Rs 16,250.39 crore, FIIs sold equities totaling Rs 17,781.64 crore despite purchasing Rs 13,576.08 crore.Record...

PNB Gilts Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 PNB Gilts Limited has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on July 16, 2026.The company reported an increase in profit for the period compared to the preceding quarter. For the three months ended June 30, 2026, the company recorded a profit of Rs. 8,069.80 lacs. This reflects a significant growth from the profit of Rs. 1,299.17 lacs reported in the quarter ended March 31, 2026.Financial Performance Overview The operational revenue for the quarter ended June 30, 2026, stood at Rs. 45,455.99 lacs. This was driven primarily by...

Shah Metacorp Ltd Announces Leadership Realignment and Allotment of 1 Crore Equity Shares Shah Metacorp Limited has announced a significant restructuring of its Board and leadership team as part of an evolution strategy to support the company's next phase of growth. The changes, approved by the Board of Directors on July 16, 2026, include key executive shifts and a substantial issuance of equity shares.Leadership Realignment and Board Appointments The company is undergoing a strategic reorganization following recommendations from the Nomination and Remuneration Committee. The realignment includes the resignation of Mr. Viral Mukundbhai Shah from his position as Chief Executive Officer (CEO), effective July 20, 2026.In a transition...

Allied Blenders and Distillers Ltd to Review Quarter Ended June 30, 2026 Results Allied Blenders and Distillers Ltd has scheduled a meeting of its Board of Directors on Thursday, July 23, 2026. The primary agenda for this meeting is the consideration and approval of the company's unaudited financial results for both standalone and consolidated positions for the quarter ending June 30, 2026.The financial statements for the period will undergo a limited review by the Statutory Auditor of the company prior to formal approval.ItemDetailsMeeting DateJuly 23, 2026Reporting PeriodQuarter Ended June 30, 2026Report TypeUnaudited Financial Results (Standalone and Consolidated)Review StatusSubject to Limited Review by Statutory...

5paisa Capital Reports Consolidated Income of Rs. 88.4 Crore for Q1FY27 5paisa Capital Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated income of Rs. 88.4 crore, representing a 3% increase on a quarter-on-quarter basis. Profit after tax stood at Rs. 11.6 crore, reflecting an 8% growth compared to the preceding quarter.The financial performance for the period highlights steady growth in key metrics, as detailed in the table below:MetricQuarter ended June 30, 2026Quarter ended March 31, 2026Q-o-QQuarter ended June 30, 2025Y-o-YIncomeRs. 88.4 CroreRs. 85.5 Crore3%Rs. 77.8 Crore14%Profit before taxRs. 15.5 CroreRs. 14.5 Crore7%Rs. 15.5 Crore-Profit...

WeWork India Management Limited Announces Q1 FY2027 Results and Strategic Corporate Actions WeWork India Management Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also outlined significant corporate restructurings involving its Memorandum of Association, capital structure, and a reduction of share capital to address accumulated losses.Quarterly Financial Performance The financial results for the period ending June 30, 2026, show a shift in profitability compared to the preceding quarter. The company reported a net loss for the current period despite a significant increase in total income compared to the previous year's performance during the same...

Sadhav Shipping Limited Secures Long-Term Pilot Launch Services Contract from Mumbai Port Authority Sadhav Shipping Limited, an integrated maritime services company, has secured a significant work order from the Mumbai Port Authority (MbPA) for the charter hiring of two Pilot Launches. The contract is valued at Rs 18.07 cr and establishes a long-term operational partnership to support maritime activities within one of India's major ports.The agreement is set for an initial duration of seven years, with an option for an additional three-year extension at the discretion of the Mumbai Port Authority. Under the terms of this contract, Sadhav Shipping will manage the deployment and operation of two Pilot Launches on a 24x7 basis. This...

The South Indian Bank Limited Announces 98th AGM and Key Leadership Appointments The South Indian Bank Limited has announced the details of its 98th Annual General Meeting (AGM) and several significant corporate actions following a Board meeting held on July 16, 2026. The proceedings included approvals for the annual general meeting, fund-raising initiatives, and key leadership appointments.AGM Schedule and Book Closure The Bank will conduct its 98th Annual General Meeting on Thursday, August 20, 2026. The meeting is scheduled to be held via Video Conferencing (VC) and other Audio Visual Means (OAVM).To facilitate the AGM, e-voting, and the declaration of dividends for the financial year ended March 31, 2026, the Register of Members...

Sadhav Shipping Limited Secures Charter Hiring Contract from Mumbai Port Authority Sadhav Shipping Limited has secured a significant work order from the Mumbai Port Authority (MbPA) for the charter hiring of two Pilot Launches. The contract involves a domestic market engagement and represents a substantial operational milestone for the company.The agreement was formalized with the work order signed by the Mumbai Port Authority on July 15, 2026, and subsequently countersigned by Sadhav Shipping Limited on July 16, 2026. The contract is structured for an initial duration of seven years. Additionally, the Mumbai Port Authority maintains the discretion to extend the contract for a further period of up to three years.The total value of...