Markets

Relicab Cable Manufacturing Secures Domestic Order for Control Cables Worth Rs 1.43 Crores Relicab Cable Manufacturing Ltd has secured a new contract for the supply of control cables, totaling approximately Rs 1.43 Crores (including GST). The order was placed by a domestic entity described as one of the world's leading energy technology companies operating in India.The contract pertains to the supply of Control Cables and specifies key terms relating to delivery and commercial scope.Key details regarding the awarded contract are as follows:ParticularDescriptionName of Entity Awarding OrderOne of the world's leading energy technology companies operating in India (Name is commercially sensitive)Nature of GoodsControl Cables...

Asian Paints Approves Appointment and Reappointment of Independent Directors at AGM Asian Paints Limited announced that its shareholders approved key appointments regarding the Board of Directors during the Annual General Meeting (AGM) held on July 9, 2026. The meeting saw the approval of a new Additional and Independent Director and the re-appointment of another seasoned independent director.Mr. Sudhir Sitapati was appointed as an Additional and Independent Director for a term of five consecutive years. His tenure runs from May 29, 2026, to May 28, 2031. Concurrently, Mr. Milind Sarwate was re-appointed as an Independent Director for a second term of five consecutive years, effective from October 21, 2026, until October 20, 2031...

Asian Paints Limited Shareholders Approve Appointments and Reappointment of Independent Directors Asian Paints Limited has formalized the appointment and re-appointment of two key independent directors following its Annual General Meeting (AGM) on July 9, 2026. The company's Board of Directors approved these moves based on recommendations from the Nomination and Remuneration Committee.Mr. Sudhir Sitapati was appointed as an Additional and Independent Director for a term of five consecutive years, commencing from May 29, 2026, until May 28, 2031. Concurrently, Mr. Milind Sarwate was re-appointed as an Independent Director for a second term spanning five consecutive years, effective from October 21, 2026, to October 20, 2031. Both...

Desi Farms India Acquires Majority Stakes in SNA Milk and DFSU Farmer Connect to Diversify into Dairy Sector Desi Farms India Ltd., which operates in the logistics business, has successfully expanded its operations by acquiring substantial stakes in two food processing entities: SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. The acquisition was executed through a share swap arrangement and is intended as part of the company's approved strategic expansion plan into the stable, consumption-driven dairy sector.As of July 9, 2026, Desi Farms India completed the transaction, securing a 96.91% stake in SNA Milk and Milk Products Limited (SNA) on a fully diluted basis and acquiring 99.95% of the issued and...

Anand Rathi Wealth Posts Q1 Results; Announces Plans to Become Mutual Fund Sponsor Anand Rathi Wealth Ltd has released its unaudited financial results and provided an update on its corporate strategy, including plans to seek approval to become a sponsor of a Mutual Fund. The company's consolidated results for the quarter ended June 30, 2026, show specific figures across various operational metrics.The Board of Directors of Anand Rathi Wealth Limited approved the unaudited financial results (standalone and consolidated) for the first quarter ended June 30, 2026, along with a Limited Review Report issued by Statutory Auditor M/s KKC & Associates LLP. The company also announced that it is proposing an application to SEBI to act as the...

360 ONE WAM LIMITED Schedules Board Meeting to Review Q1 Financial Results 360 ONE WAM LIMITED has scheduled a meeting of its Board of Directors to review and approve the financial results for the quarter ended June 30, 2026. The board meeting is set to take place on Thursday, July 16, 2026.The purpose of the meeting is to consider and ratify both the standalone and consolidated unaudited financial results pertaining to the first quarter of the fiscal year 2026.360ONE Stock Price Movement On Thursday, shares of 360 ONE WAM LIMITED edged higher, settling at ₹1100.2 after closing with a gain of 0.83%. The stock traded on volume of 1.02 million shares, charting between a low of ₹1086.6 and a high of ₹1106.8 during the session.

Greaves Cotton Ltd Releases Sustainability Report Detailing ESG Commitments and Environmental Stewardship Greaves Cotton Limited, an organization anchored in a 165-year legacy of engineering excellence, has published its Business Responsibility and Sustainability Report (BRSR) for the financial year spanning April 1, 2025, to March 31, 2026. The report underscores the company's commitment to integrating sustainability into its operational DNA across its entire stakeholder ecosystem, reinforcing its transition toward a diversified, fuel-agnostic powerhouse, as part of its 'GREAVES.NEXT' strategic roadmap.The BRSR covers Greaves Cotton Limited (GCL) and its material subsidiaries: Greaves Electric Mobility Limited and Excel Controlinkage...

Institutional Interest Surges as SBI Sells Stake in SBI Funds for ₹16,550 Crore Ahead of IPO State Bank of India Divests Near 1.42% Stake in Asset Manager State Bank of India (SBI) announced on Thursday its plan to sell a portion of its stake in the asset management unit, SBI Funds Management. The sale involves divestment of a 1.42% stake to select institutional investors as part of a pre-IPO placement.The lender is divesting 28.8 million shares of SBI Funds. This strategic move precedes the company's large upcoming Initial Public Offering (IPO).Pre-IPO Sale Establishes Valuation Benchmark for SBI Funds The stake sale provides an important early benchmark for the valuation of SBI Funds Management. The transaction price was set at...

Anand Rathi Wealth's Q1 Profit Surges 74% Amid Revenue Growth, But Operational Margin Faces Pressure Shares of Anand Rathi Wealth are in sharp focus following the release of their latest quarterly results. The company reported a significant jump in net profit driven by robust revenue growth during the June quarter. However, a closer look reveals that operating profitability has faced challenges despite the overall earnings boost.Q1 Profit and Revenue Metrics Breakdown Anand Rathi Wealth posted a consolidated net profit increase of 73.6 percent year-on-year (YoY). The company's net profit reached Rs 163 crore, up sharply from Rs 94 crore in the corresponding quarter last year. This impressive bottom-line figure was supported by healthy...

TCS Profit Jumps on Strong Q1 Performance as Power Grid Bags Massive Infra Deal; Tech Stocks Surge Quarterly Earnings and Financial Highlights Tata Consultancy Services reported a strong performance in its Q1 results, with profit rising 4.6% year-on-year (YoY) to ₹13,349 crore from ₹12,760 crore. The company saw revenue jump by 13.9% to ₹72,275 crore compared to ₹63,437 in the previous period, while EBIT grew 11.6%. TCS also announced an interim dividend of ₹12 per share, reflecting its robust operational health.Anand Rathi Wealth experienced exceptional growth in Q1, reporting a 73.6% surge in profit to ₹163 crore from ₹93.9 crore. Revenue for the wealth management firm increased by 17.5%, reaching ₹322 crore, while other income...

PepsiCo Registers Global Growth Surge as India Drives International Beverage and Food Business in Q2 Financial Performance Highlights for PepsiCo American multinational PepsiCo reported robust growth across both its global beverages and convenient foods divisions during the second quarter ending June 13, 2026. The company noted strong organic volume and net revenue increases in these international segments. PepsiCo’s International Beverage Franchise (IBF) business, which constitutes over 60 per cent of its worldwide beverage volumes, recorded a 5 per cent increase in organic volumes for the quarter.The international convenient foods business, representing approximately 70 per cent of global convenient foods volumes, showed a 4 per...

TCS CEO K Krithivasan Declares: AI Will Not Reduce Headcount; Focus Shifts to New Skill Hiring Tata Consultancy Services (TCS) has put a significant note of relief for the job market by stating that artificial intelligence (AI) will not lead to an overall reduction in headcount at the IT services giant. During its Q1FY27 earnings conference, CEO and MD K Krithivasan clarified that the company plans to proactively hire new talent, focusing on AI-native skill sets and advanced technological deployment.This clarification comes in contrast to earlier remarks by TCS chairman N Chandrasekaran, who had previously indicated that AI agents within the organization would eventually match employee counts, with the AI component potentially...

India Inc Revenue Surges at Two-Year High, Defying Global Turmoil and West Asia Tensions A report released on Thursday indicates that corporate revenues across India are poised for significant growth in the June quarter, expected to climb by up to 11.5 per cent. This robust performance is set against a backdrop of prevailing tensions in West Asia, which have led to wide-ranging effects including supply chain disruptions and heightened domestic inflation.The aggregate revenue growth is largely attributed to domestic demand holding firm and "reasonably well" despite global volatility. An analysis covering 400 companies from 47 sectors, excluding banking, financial services, oil and gas, confirms the resilience of Indian corporate...

TCS Shifts Hiring Model: AI-Native Talent Take Centre Stage as Tech Giant Boards 14,000 Campus Grads in Q1FY27 India's largest IT services company, Tata Consultancy Services (TCS), is fundamentally reshaping its hiring approach amidst the rapid ascent of Artificial Intelligence. The tech giant reported focused growth and significant upskilling efforts during the April-June quarter of FY27, continuing to emphasize digital and AI-native talent across its workforce pipeline.The company onboarded 14,000 campus graduates in Q1FY27. This intake contributed to a net addition of 9,279 employees for the quarter, bringing TCS's total headcount to 5,93,798. This strategic shift aligns with earlier statements from Chairman N Chandrasekaran...

GMR Kalinga Solar Changes Subsidiary Status Following Equity Infusion from Grasim Industries GMR Power and Urban Infra Ltd has seen a change in the status of its subsidiary, GMR Kalinga Solar Power Limited (GKSPL), following an equity infusion agreement with Grasim Industries Limited. The allotment of shares has transitioned GKSPL from a Wholly Owned Subsidiary (WOS) to a step-down subsidiary of the parent company.This restructuring follows GKSPL's initial incorporation as a wholly owned subsidiary of GMR Energy Limited, which is itself a WOS of GMR Power and Urban Infra Ltd. GKSPL was established for the development of a 10 MW captive solar power generating plant in Kamalanga, Odisha, based on a design, build, finance, operate basis...

TCS AI Revenue Remains Lumpy as Short-Duration Projects Challenge Annuity Model Tata Consultancy Services (TCS) reported its first-quarter results for FY27, showing revenue exceeding estimates despite a slight miss on net profit. The IT giant's earnings report reveals that the growth trajectory of its artificial intelligence (AI) services is currently non-recurring, relying heavily on short-term projects rather than stable long-term contracts.The company announced a consolidated net profit of Rs 13,349 crore for Q1 FY27. This figure was marginally below the CNBC-TV18 poll estimate of Rs 13,461 crore. However, TCS's revenue for the quarter stood at Rs 72,275 crore, surpassing the CNBC-TV18 forecast of Rs 71,847 crore. The IT major also...

ONGC Board Approves 1.75 MMT Strategic Petroleum Reserves Development at Mangalore The Board of Directors of Oil and Natural Gas Corporation Ltd has granted in-principle approval for the development of a strategic project aimed at bolstering national energy reserves.At its meeting held on July 9, 2026, the company’s Board accorded in-principle approval for the development of 1.75 MMT capacity Strategic Petroleum Reserves. This initiative, which includes associated facilities, is set to be developed at Mangalore under Phase-I Extension and has been designated as a project of national importance, adhering to directives received from the Ministry of Petroleum and Natural Gas (MoP&NG).In addition to approving the reserves development...

TCS Fights Geopolitical Headwinds, Projects Q2 Recovery as Enterprise AI Transformation Surges Tata Consultancy Services (TCS) reported a mixed performance for the recent quarter, attributing challenges in discretionary spending primarily to geopolitical instability. The company expressed strong confidence, however, noting that client sentiment is improving and forecasting a recovery of demand during the second quarter (Q2).The current environment is marked by heightened tensions following military exchanges involving Israel, the US, and Iran in West Asia. These uncertainties heavily impacted consumer-facing technology spending across global businesses.Geopolitical Uncertainty Weighs on Discretionary Spending in Q1 TCS stated that...

Edelweiss Mutual Fund Halts New SIPs in Seven Offshore Funds as Global Investment Cap Reaches Critical Threshold Edelweiss Mutual Fund has issued a notice announcing the suspension of fresh Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) across seven of its overseas-focused schemes. This restriction, effective from July 10, is directly attributable to the fund house nearing the maximum overseas investment limit permitted under the industry-wide cap.The decision highlights strict regulatory compliance concerning global asset allocation limits. Existing SIPs and STPs in these specific schemes remain fully operational and will continue uninterrupted, regardless of the new suspension.Why Edelweiss Suspended Fresh...

Mukka Proteins Provides Loan Funding of Up To Rs 9.1 Crore to Subsidiary United Gulf Fishery Products Mukka Proteins Limited has entered into a loan agreement with its subsidiary, M/s. United Gulf Fishery Products LLC. The transaction facilitates an Inter Corporate Loan intended for urgent business commitments within the group.The agreement between Mukka Proteins Limited and the borrower company involves a maximum loan amount of up to Rs 9,10,00,000/- (Rupees Nine Crore Ten Lakh Only). This financial arrangement was executed on July 9, 2026.Mukka Proteins Limited holds a 68% stake in M/s. United Gulf Fishery Products LLC. The transaction has been confirmed as being conducted on an arm's length basis.Key terms of the agreement...