Markets

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...

Ceinsys Tech Ltd Receives Letter of Intent for Rs 67 Crore Manpower Agency Contract in Madhya Pradesh Ceinsys Tech Limited has received a Letter of Intent dated July 9, 2026, securing the appointment as a manpower agency for a major project under the Pradhan Mantri Awas Yojana (Urban) scheme. The contract award is with the Directorate, Urban Administration & Development, M.P., Bhopal, and carries a total work value amounting to Rs 67,04,00,000/-.The Letter of Intent pertains to the Selection and Appointment of a Manpower Agency for the Beneficiary Led Construction (BLC) vertical within Madhya Pradesh. The contract is domestic in nature and has been awarded by the Directorate, Urban Administration & Development, M.P., Bhopal.Ceinsys...

OnEMI Technology Solutions Limited Appoints BDO India Services Pvt. Ltd as Internal Auditor for 2026-27 OnEMI Technology Solutions Limited has appointed BDO India Services Pvt. Ltd to serve as its Internal Auditor for the financial year 2026-27. The decision was approved by the company’s Board of Directors during a meeting held on July 09, 2026.The appointment involves BDO India Services Pvt. Ltd carrying out the Internal Audit of the Company. The selection of BDO India Services Pvt. Ltd followed recommendations from the Audit Committee of OnEMI Technology Solutions Limited.Auditor Profile and Appointment DetailsBDO India Services Pvt. Ltd is recognized as one of India's leading professional services firms. As part of the global...

Piramal Finance Ltd to Discuss Q1 Results and Fundraising Plans at Board MeetingPiramal Finance Ltd has scheduled a meeting of its Board of Directors for July 16, 2026. The meeting is slated to consider several key matters related to the company’s financial performance and future capital structure.Among the primary items on the agenda are the Unaudited Financial Results (both Standalone and Consolidated) for the quarter ended June 30, 2026. Furthermore, the Board will review a comprehensive proposal regarding raising funds at an appropriate time. This fundraising initiative includes utilizing qualified institutions placement(s), rights issue, preferential allotment or private placement(s), or any combination of these methods...

Apollo Micro Systems Enters Agreement to Acquire 41.33% Stake in Premier Explosives Limited Hyderabad, Telangana - July 09, 2026 - Apollo Micro Systems Ltd has signed a definitive share purchase agreement with Premier Explosives Ltd for the acquisition of Promoter shares, representing a strategic move aimed at bolstering defence and space programmes in India. The transaction involves Apollo acquiring 41.33% of the promoter shares in Premier Explosives Limited (PEL) for approximately INR 1550 Crores, structured as an all cash deal.The agreement brings the two companies together to combine complementary capabilities across defence systems and energetic materials. This synergy is expected to drive operational efficiencies, enhance...

TCS Reports Q1 FY27 Growth; Secures Multiple AI Transformation Deals Amid Strong Market Position Tata Consultancy Services Limited reported its consolidated financial results for the quarter ending June 30, 2026, reflecting continued growth momentum and significant success in securing large-scale AI-led transformation engagements. The company reported revenue of ₹ 72,275 crore for the quarter.Key highlights from the Q1 FY27 performance include:Revenue stood at ₹ 72,275 crore, marking a 2.2% growth Quarter-on-Quarter (QoQ) and 13.9% Year-on-Year (YoY). The company achieved an Operating Margin of 24.0%. Net Income was ₹ 13,849 crore, resulting in a Net Margin of 19.2%.Tata Consultancy Services announced that its Total Contract...

Neuland Laboratories Announces 42nd Annual General Meeting and Integrated Annual Report for FY 2025-26 Neuland Laboratories Limited has scheduled the company's 42nd Annual General Meeting (AGM) to transact business related to its operations and provide stakeholders with the Integrated Annual Report for the financial year 2025-26.The AGM is set to be held on Tuesday, August 4, 2026, at 10:00 a.m. (IST). The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), allowing participation without the physical presence of shareholders at a common venue.The company has made available the Notice of the AGM and the Integrated Annual Report for FY 2025-26 to all shareholders. While electronic copies are being...

Rathi Steel And Power Reports Strong Q1 FY27 Results; Sales Volume Grows 30% While Revenue Exceeds ₹193 Cr Rathi Steel And Power Limited (RSPL), a prominent player in the stainless steel long products and TMT bars sector, has reported robust operational performance for the first quarter ended June 30, 2026. The company recorded significant growth in both sales volume and revenue during the period.The Company posted total sales volumes of 28,372 MT in Q1 FY27, marking a substantial year-on-year increase compared to the 21,864 MT recorded in Q1 FY26. Revenue for the quarter surpassed ₹193 Cr, reflecting a growth rate exceeding 24% over the corresponding quarter of the previous financial year.The company attributed its performance to...

Control Print Limited's Credit Ratings Migrated by CRISIL Following Withdrawal Process Control Print Limited has seen its credit ratings migrated by CRISIL Ratings Limited for its bank facilities, according to recent updates detailing the status of the company's facilities.CRISIL Ratings Limited has assigned BB INC/Stable for Control Print Limited’s long-term bank facilities. For short-term bank facilities, the rating provided is CRISIL A4+ INC.The migration occurred as part of the process initiated by Control Print Limited to withdraw its credit ratings from CRISIL. Consequently, the company did not submit a Non-Default Statement to CRISIL, leading directly to the shift in the assigned categories for these facilities.CONTROLPR...

Ballarpur Industries Ltd Board Meeting Set to Consider Issuance of Up To ₹100 Crores in Debt SecuritiesBallarpur Industries Ltd has scheduled a Board meeting for Tuesday, July 14, 2026. The primary agenda item for the meeting is considering and potentially approving the issuance of Non-Convertible Debentures (NCDs).The company plans to consider issuing Listed, Rated, Unsecured, Non-Convertible Debentures. If approved by the Board of Directors, the issuance would encompass 100 debentures, each valued at INR 1 Crore. The total aggregate value under consideration is up to ₹ 100 Crores.The proposed debt instrument details are as follows:FeatureDetailsIssuing CompanyBallarpur Industries LtdDate of Board MeetingJuly 14, 2026...

Amit International Ltd Presents Statement on Impact of Audit Qualifications for FY 2025-2026 Amit International Ltd has released its Statement on the Impact of Audit Qualifications concerning the financial year ended March 31, 2026. The statement, which details various audit qualifications related to the company's financials, was issued in relation to the audit report provided by Vinod SS Mehta & Co.The document provides management’s views and explanations regarding each audit qualification, along with the quantified or qualitative impact on the financial statements of the company.Financial Overview (FY ended March 31, 2026) Management has reviewed the key financial metrics for the period as detailed in the statement:MetricValue...

Sanstar Limited Receives Listing Approval for Preferential Allotment of New Equity Shares Sanstar Limited has received approval for the listing and trading of a new tranche of equity shares allotted on a preferential basis. The company successfully completed the transaction, with trading of the newly issued securities commencing from Friday, July 10, 2026.The issue involves 180,24,157 equity shares of Sanstar Limited. These shares were issued to Corn Products Development Inc., a non-promoter, at an issue price of Rs. 110 per share. Each share has a face value of Rs. 2 and was allotted with a premium of Rs. 108.The allotment process for these securities was completed on June 24, 2026. The new equity shares have been ranked pari-passu...

Mid East Portfolio Management Ltd Alters Memorandum of Association, Expanding Business Scope Across Agriculture, Technology, and Finance Mid East Portfolio Management Ltd has undertaken a significant alteration to its Memorandum of Association, encompassing an extensive range of new business objects. The changes were approved during a Board meeting held on July 9, 2026, and also included the approval of a Postal Ballot notice for shareholders and the appointment of a Scrutinizer.The company has expanded its scope across multiple sectors, including agri-ventures, technology services, financial advisory, infrastructure development, and media operations.Key Amendments to Business Objects The amended objects detail nearly two dozen new...

Apollo Micro Systems Acquires Stake in Premier Explosives Limited, Initiates Open Offer Apollo Micro Systems Limited has entered into a Share Purchase Agreement (SPA) for the acquisition of a significant stake in Premier Explosives Limited, simultaneously launching a mandatory open offer. The transaction is part of a strategic move to build an integrated defense ecosystem under India's Aatmanirbhar Bharat and Make in India initiatives.Under the terms of the SPA, Apollo Micro Systems Limited (the Acquirer) has agreed to purchase 2,22,21,735 equity shares from Mrs. Shonika Prasad and Mrs. Kailash Gupta, acting as authorized trustees of the AKS Family Trust (the Promoter). These shares represent 41.33% of the issued, subscribed, and...

Bombay Dyeing and Manufacturing Company Announces 146th Annual General Meeting; AGM Scheduled for August 7 The Bombay Dyeing and Manufacturing Company Limited has announced that its 146th Annual General Meeting (AGM) is scheduled to take place on Friday, August 7, 2026. The meeting is set for 11:30 AM IST and will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).The AGM is intended to transact business detailed in the notice that was issued on May 8, 2026.In connection with the upcoming meeting, the company has made available the Notice of the 146th AGM along with the Annual Report for the Financial Year 2025-26.Members can access the required documents through a designated web link provided by the...

Gujarat Kidney and Super Speciality Ltd Acquires 51% Stake in UAE Polyclinic; Appoints Independent Director Gujarat Kidney and Super Speciality Ltd announced significant strategic developments following its Board of Directors meeting on July 9, 2026. The company approved the acquisition of a majority stake in an entity based in the UAE, appointed a new independent director, and plans to conduct a postal ballot for shareholders regarding changes to its IPO objects.Acquisition of Blue Tree Clinics LLC The Company has entered into a Stock Purchase Agreement to acquire a 51% stake in Blue Tree Clinics LLC, a polyclinic licensed in Dubai, United Arab Emirates. The acquisition is intended to expand the company’s operations into a new...

Kotak Mahindra Bank Recommends Dividend of Rs 0.65 Per Share; Notes TDS Provisions for FY 2026-27 Kotak Mahindra Bank Limited has announced a dividend recommendation of Rs 0.65 per Equity Share for shareholders, following the Board of Directors meeting held on May 2, 2026. The dividend is subject to shareholder approval at the forthcoming 41st Annual General Meeting (AGM), which is scheduled for Saturday, August 1, 2026.The Bank has specified that if the dividend is declared at the AGM, shareholders holding Equity Shares as of the Record Date, set for Friday, July 17, 2026, will be entitled to the payout.In light of current regulations under the Income-tax Act, 2025 (IT Act), the distributed dividend income will be taxable in the...