Markets

SEPC Limited Challenges Banning Order Received From TCIL Regarding Punjab Smart Prepaid Metering Project SEPC Limited has initiated legal action against Telecommunications Consultants India Limited (TCIL) after receiving a banning order from the consultant concerning the company's involvement in the Smart Prepaid Metering Project in Punjab. The company stated that it strongly contests the basis of the order and rejects all allegations made by TCIL.The development follows earlier communication regarding the Letter of Intent (LOI) issued by TCIL for the Smart Prepaid Metering Project in Punjab, and its subsequent cancellation. SEPC confirmed receipt of a communication from TCIL conveying the banning order against the company.To...

Sanginita Chemicals Renamed Agastya Energy and Infrastructure Limited; New Directors Appointed A general meeting of Sanginita Chemicals, formerly known as Sanginita Chemicals Pvt. Ltd., approved several key corporate changes, including a significant name change and multiple director appointments. The company decided to alter its name to 'AGASTYA ENERGY AND INFRASTRUCTURE LIMITED' during the Extra-Ordinary General Meeting (EGM) held on August 7, 2026.The EGM proceedings included the appointment of four new directors: Mr. Sanmitra Trivedi and Ms. Jalpa Anand Lavingia as Independent Directors, while Mr. Anubhav Agarwal and Mr. Piyush Bichhoriya were appointed as Non-Executive Directors. Mr. Gaurav Kumar Tripathi was also approved as...

Coal India Limited Commences Commercial Operation of 200 MW Solar Power Capacity in GujaratCoal India Limited has commenced the commercial operation of a significant portion of its renewable energy initiative at Khavda, Gujarat. The company confirmed that 200 MW of solar power capacity is operational out of the total 300 MW planned for the project.The commencement of this commercial operation was effective from 08.08.2026 (00:00 Hrs). This milestone marks a key step in Coal India Limited's commitment to renewable power generation within its operations.COALINDIA Stock Price Movement Shares of Coal India Limited on Friday slipped by 0.08% to settle at ₹415.25, reflecting a minor pullback from previous closing levels. The stock...

Onida Electronics Approves Q1 Financial Results and Allots Shares via Employee Stock Option Plan Onida Electronics Limited announced material updates following its Board of Directors meeting held on August 7, 2026. The Board approved the unaudited financial results for the first quarter ended June 30, 2026, alongside a limited review report by M/s. M M Nissim & Co LLP. Crucially, the Board also sanctioned the allotment of Equity Shares resulting from the exercise of vested Employee Stock Options under the Onida Electronics Employee Stock Option Plan, 2023.The allotment involved 1,35,480 Equity Shares of Re. 1/- each to eligible employees. The shares were allotted at an exercise price of Rs. 14.10 per Equity Share.Following this...

Brandman Retail Limited to Hold Board Meeting for Q1 Financial Results Review Brandman Retail Limited has scheduled a meeting of its Board of Directors to review and approve the financial performance for the quarter ended June 30, 2026. The company's board meeting is set for August 12, 2026.The purpose of the upcoming meeting is to consider and subsequently approve the Audited standalone and consolidated Financial Results, alongside the associated Audit Report of the Company for the quarter that concluded on June 30, 2026.This event allows shareholders and stakeholders to anticipate the review of key financial metrics and performance indicators as detailed in the audited results. Brandman Retail Limited, formerly known as Brandman...

Anchor Investors Boost Molbio Diagnostics' Valuation as It Prepares for ₹940 Crore IPO Molbio Diagnostics, the specialized molecular diagnostics firm from Goa, has successfully secured significant anchor investment ahead of its highly anticipated Initial Public Offering (IPO). The company raised ₹281.5 crore from a select group of anchor investors, solidifying strong institutional confidence in the point-of-care testing solutions offered by the firm.The IPO is slated to open for public subscription on August 10 and conclude on August 12. Molbio Diagnostics plans to raise a total of ₹940 crore through the offering. This capital structure includes a fresh issue totaling ₹200 crore, alongside an Offer for Sale (OFS) component amounting...

BSE REITs Index Launches: New Benchmark Surges as India's Real Estate Market Gains Traction BSE Index Services, a subsidiary of the Bombay Stock Exchange (BSE), has officially launched the comprehensive BSE REITs Index. This new benchmark is specifically designed to track and measure the performance of listed Real Estate Investment Trusts (REITs) across India. The introduction of this index provides a crucial tool for investors keen on tracking the growth trajectory of the real estate sector.The index features a base value of 1,000 and was first established on September 19, 2022. It is reconstituted semi-annually, with review dates set for March and September. The methodology employed is a capped free-float adjusted market...

Transworld Shipping Sells Vessel in Agreement with Avana Logistek for US$ 11.4 Million Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has signed a Memorandum of Agreement (MOA) finalizing the sale of one vessel to Avana Logistek Limited. The agreement was executed on August 7, 2026.The transaction involves the sale of M.V. SSL Brahmaputra, a vessel owned by Transworld Shipping Lines Limited. The agreed consideration for the sale is US$ 11,400,000.Details regarding the agreement and the parties involved are as follows:ParticularsDetailsBuyer NameAvana Logistek LimitedAsset SoldM.V. SSL BrahmaputraConsiderationUS$ 11,400,000Key TermSpecial right granted One Day prior to Delivery...

IRIS RegTech Reports 33% YoY Topline Growth in Q1FY27; Highlights Momentum Across SupTech and RegTech Segments Navi Mumbai, India – IRIS RegTech Solutions Ltd., a global company specializing in regulatory reporting and digital disclosure solutions, announced its financial results for the first Quarter of the fiscal year 2026-2027 (Q1FY27), which ended on June 30, 2026.The company reported total revenue of INR 35.2 Crore, marking a 33% year over year growth. Operating revenues saw robust growth of 30% year over year. The consolidated EBITDA for the quarter stood at INR 0.8 Crore, compared to INR 1.4 Crore in Q1FY26.Annual Recurring Revenue (ARR) maintained steady momentum across the enterprise SaaS business. ARR grew by 7% during...

Samhi Hotels Releases Comprehensive Business Sustainability Report for FY 2025-26, Highlighting ESG Focus and Operational Excellence Samhi Hotels Limited has released its detailed Business Responsibility and Sustainability Reporting (BRSR) for the Financial Year 2025-26. The report provides extensive insights into the company's operational footprint, commitment to sustainable practices, talent management, and adherence to corporate governance standards across its portfolio of hotels.The reporting underscores Samhi Hotels’ integrated approach to Environmental, Social, and Governance (ESG) goals, detailing commitments from resource efficiency to employee well-being. The company maintains a commitment to achieving its FY2030 ESG targets...

Foreign Investors Reversal: FIIs Surge Back to Buying Amid Cautious Market Dip Foreign institutional investors (FIIs) returned as net buyers in the Indian equities market on August 7, reversing a streak of consecutive selling sessions. FIIs purchased shares worth Rs 480.24 crore in the session, indicating a gradual shift in sentiment among foreign capital flows. Meanwhile, domestic institutional investors (DIIs) also remained net buyers, injecting an inflow of Rs 235.56 crore into the markets.Daily Institutional Flows and Investor Activity The day saw robust activity from both international and domestic institutions. DIIs were responsible for a substantial net inflow of Rs 235.56 crore after purchasing shares worth Rs 15,679.58 crore...

Dr. Reddy's Laboratories Terminates Agreement with Novartis India Regarding Brand Distribution in India Dr. Reddy's Laboratories Limited has terminated its agreement with Novartis India Limited (NIL) concerning the distribution and promotion of select brands within the Indian market. The termination follows a change in the controlling shareholding structure of NIL.The agreement, which was originally established on February 11, 2022, covered the marketing and supply of specific products to Dr. Reddy's Laboratories.Following the termination of the distribution partnership, Dr. Reddy's Laboratories confirmed that it will continue the commercialization of the brands previously covered under the agreement until September 30, 2026...

Nitco Limited Announces Resignation of Senior Advisor and Consulting PartnerNitco Limited has announced a change in its senior management as Mr. Amit Dhawan tendered his resignation from his position within the company due to personal commitments. The changes are effective starting from the close of business hours on August 07, 2026.Mr. Dhawan, who held the role of Senior Advisor and Consulting Partner and was classified as Senior Managerial Personnel at Nitco Limited, formally resigned from his duties.The key details regarding this management transition are as follows:ParticularsDetailsEmployee NameAmit DhawanPositionSenior Advisor & Consulting PartnerCessation DateClose of business hours of August 07, 2026Reason...

JSW Steel Appoints New Senior Management Leaders as Executives Transition and Key Personnel Change Occur JSW Steel Limited has announced key changes within its senior management structure, effective August 7, 2026. The company appointed two new leaders, while managing a transition in roles and addressing the cessation of a key executive position.The Board of Directors approved the appointment of Mr. P P Varma as Executive Vice President & Plant Head for Dolvi, Salav & Anjar. Concurrently, Mr. S M Kumar was appointed Sr. Vice President and Plant Head for Salem Works. These appointments were made following recommendations from the Nomination & Remuneration Committee.Mr. P P Varma has a 39-year career in Steel Plant operations. He...

Universal Cables Reports Highest-Ever Q1 Turnover, Announces Major Capacity Expansion and Fibre Optics Augmentation Plan Universal Cables Limited, a leading manufacturer in power cables and quality power solutions, reported robust financial growth for the first quarter of FY 2026-27. The company clocked record-high revenue from operations while strategically scaling up its manufacturing capabilities and investing heavily into high-performance optical fibre production via a joint venture.The results demonstrated strong topline performance across both standalone and consolidated levels, driven by increased sales volumes in the Extra-High Voltage (EHV) cable business and growth in capacitors and allied power quality solutions.Financial...

NMDC Sets Prices for Iron Ore Effective August 8, Listing Lump and Fines at Specific RatesNMDC Limited has announced the determined prices for its iron ore products, effective from August 8, 2026. The company finalized rates for two grades of iron ore: Lump Ore and Fines.The established prices provide detailed specifications and corresponding per ton costs for each product grade.According to NMDC Limited, the pricing structure is as follows:Product GradeSpecificationPrice Per TonLump Ore65.5%, 10-40mm₹ 5,250/-Fines64%, -10mm₹ 4,500/-The prices set for the iron ore are exclusive of several charges and levies. This includes Royalty, DMF (District Mineral Foundation), NMEDT, Cess, Forest Permit Fee, transit fee, GST...

NCLT Proceedings Update: Max Healthcare Institute and Kalinga Hospital matter listed for August 19The legal dispute involving Max Healthcare Institute Limited, its subsidiary Kalinga Hospital Ltd. (KHL), and BRS Capital Two Pte. Limited has been reviewed by the National Company Law Tribunal (NCLT). The company received an order from the Hon'ble NCLT on August 7, 2026, regarding petitions filed before the Cuttack Bench concerning KHL.The matter involves interlocutory petitions raised by BRS Capital Two Pte. Limited against Kalinga Hospital Ltd., a subsidiary of the Company, and Max Healthcare Institute Limited. These proceedings were heard by the NCLT on August 4, 2026.During the hearing, both the Company and other Respondents...

Dynamatic Technologies Reports Q1 FY2027 Results; Revenue Jumps 14.5% YoY, PAT Grows 93% Dynamatic Technologies Limited has released its un-audited financial results for the first quarter of FY2027 (Q1FY2027), which ended on June 30, 2026. The company reported significant performance increases across consolidated operations, driven by strong segment contributions in Aerospace and growth momentum within Hydraulics.The Board of Directors of Dynamatic Technologies held a meeting on August 7, 2026, to approve the results, which include an investor presentation detailing the quarter's performance.Consolidated Financial Performance Overview Dynamatic reported that revenue reached Rs. 4,248.1 million in Q1FY2027, marking a 14.5% increase...

Chandan Healthcare Limited divests 53.56% stake in Pharmacy business to Group Company Chandan Healthcare Limited has approved a significant divestment of its entire shareholding in Chandan Pharmacy Limited (CPL). The transaction, finalized by the Board meeting on August 6, 2026, transfers all shares to Chandan Hospital Limited, a group company. This move aims to sharpen CHL's focus on higher-margin diagnostics and improve financial transparency for investors.The divestment involves the transfer of 172,992 equity shares of Rs. 10/- each, representing 53.56% of CPL’s paid-up equity capital. The consideration for this stake was determined to be Rs. 31,31,36,168, based on an independent valuation report dated August 3, 2026, prepared by...

Praruh Technologies Ltd Signs Exclusive Partnership Agreement with WizeVerse AI for Enterprise Intelligence SolutionsPraruh Technologies Limited has signed an exclusive Business Agreement with WizeVerse AI Private Limited, which is set to bolster its technology partner ecosystem and expand its capacity to deliver advanced AI and enterprise infrastructure solutions. Under the terms of the agreement, Praruh will market and promote eligible WizeVerse solutions while collaborating with WizeVerse within their Partner Program framework.WizeVerse AI Private Limited focuses on enabling organizations to transform data into actionable decisions and convert automation into measurable business outcomes. The company aims to ensure that AI is a...