Markets

Netweb Technologies Successfully Raises ₹1,200 Crore through Qualified Institutions Placement Netweb Technologies India Limited, a leading Indian-origin manufacturer of High-end Computing Solutions (HCS), announced the successful completion of its Qualified Institutions Placement (QIP), raising an aggregate of approximately ₹1,200 crore.The QIP was approved by the Fund-Raising Committee of the Board of Directors at a meeting held on August 20, 2026. This capital raise marks the company's first equity capital raise since its listing on the NSE and BSE in July 2023.The issuance of equity shares under the QIP resulted in the allotment of 2,505,219 shares. These shares had a face value of ₹2 each and were issued at an issue price of ₹...

All-India House Price Index Surges 1.1% as Key Cities Drive Housing Market Momentum The Reserve Bank of India (RBI) has released the All-India House Price Index (HPI) for Q1:2026-27, indicating continued steady growth in the housing sector across major Indian metropolitan areas. The report, which utilizes transaction-level data from registration authorities, shows a moderate quarter-on-quarter increase driven by specific regional markets.Overview of All-India HPI Trends The consolidated House Price Index registered an increase of 1.1 per cent compared to the previous quarter, reaching 117.5 in Q1:2026-27. This growth signifies a stable upward trajectory in real estate valuations nationwide. The data compilation is conducted quarterly...

SEBI Fortifies Financial Sector as It Launches Strategic Alliance with RRU and NISM for Cyber Resilience The Securities and Exchange Board of India (SEBI) has announced a major strategic move aimed at bolstering the security infrastructure and professional capabilities within the Indian capital markets. On August 17, 2026, SEBI entered into a tripartite Memorandum of Understanding (MoU) with Rashtriya Raksha University (RRU) and the National Institute of Securities Markets (NISM).This long-term partnership establishes a comprehensive platform for capacity building, advanced research, education, and policy support across the financial ecosystem. The collaboration unites regulatory oversight with specialized academic expertise to...

Biocon Receives Marketing Approval for Pegfilgrastim Biosimilar from Japan's MHLW Biocon Biologics Ltd., a wholly-owned subsidiary of Biocon Ltd., announced that it has received marketing approval in Japan for its pegfilgrastim biosimilar. The approval was granted by Japan's Ministry of Health, Labour and Welfare (MHLW).The product, a biosimilar to Neulasta®, is developed and manufactured by Biocon Biologics Ltd. The company, alongside its global entity Biocon Biologics UK PLC, is referred to collectively as 'Biocon'. Global Regulatory Partners Japan is serving as the Marketing Authorization Holder for the product on behalf of Biocon.Sandoz K.K. has been designated as the exclusive partner responsible for the promotion, sale, and...

RBI Slams Co-operative Bank with Monetary Penalty After Failures in Asset Classification The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Shri Vijay Mahantesh Co-operative Bank Limited, Hungund, Karnataka. The action comes following supervisory findings related to regulatory non-compliance concerning asset classification and lending practices.The bank has been penalized with an amount totaling ₹ 2.50 lakh (Rupees Two lakh Fifty thousand only). This decision was finalized by the RBI through an official order dated August 20, 2026.Monetary Penalty Imposed Over Regulatory Lapses The penalty targets deficiencies in compliance with critical directions issued by the RBI. These guidelines cover areas such as...

Three Experts Appointed to RBI Central Board: Governance Strengthened as New Non-Official Directors Take Charge The Reserve Bank of India (RBI) has made a significant move in strengthening its institutional oversight by appointing three accomplished individuals to its Central Board. Shri Janmejaya Kumar Sinha, Shri Syed Akbaruddin, and Ms. Annie George Mathew have been formally inducted as part-time, Non-official Directors.This appointment comes into effect immediately, scheduled for August 24, 2026. These directors will serve a fixed term of four years on the Central Board of the Reserve Bank of India. The measure signals an enhanced commitment to expert governance within India's apex financial institution.Strengthening RBI...

SEBI Dismisses Fraud Allegations in Complex Axis Deal, Clears Max Financial Services amid Multi-Year Dispute The Securities and Exchange Board of India (SEBI) has delivered its final order regarding allegations of incomplete and misleading disclosures concerning the multi-year arrangements between Max Financial Services Limited (MFSL), Max Life Insurance Company (MLIC), and Axis Bank Ltd (ABL). The investigation, which covered transactions spanning from Fiscal Years (FY) 2010-11 to FY 2021-22, concluded that the charges against MFSL and its directors are not established.The proceedings focused on whether MFSL failed to adequately disclose material information related to a large bancassurance deal with ABL—a transaction which was...

RBI Penalizes Pragathi Co-operative Bank for Regulatory Violations and Loan Irregularities The Reserve Bank of India (RBI) has imposed a monetary penalty on The Pragathi Cooperative Bank Limited, Karnataka. The decision stems from serious breaches of statutory and regulatory compliance by the bank.The penalty was formalized through an order dated August 20, 2026. RBI levied a fine of ₹2 lakh (Rupees Two Lakh only) against the cooperative bank. This action falls under sections 20 read with section 56 of the Banking Regulation Act, 1949 (BR Act).Key Violations Leading to Monetary Penalty The penalty was imposed due to multiple non-compliances observed during a statutory inspection conducted by RBI. The inspection reviewed the bank's...

RBI Penalizes Cooperative Bank for Non-Compliance Over NPA Classification Deficiencies Monetary Penalty Imposed on Vikas Souharda Co-operative Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 1 lakh on Vikas Souharda Co-operative Bank Limited, Hosapete, Karnataka. This action stems from the bank's non-compliance with specific directions issued by the RBI regarding income recognition and asset classification standards for UCBs.The penalty was officially ordered on August 20, 2026. It has been levied in exercise of powers conferred upon the RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.Supervisory Findings Lead to Penalty Imposition The action is based on...

SEBI Unleashes Cyber Suraksha Portal as Market Strengthens Defenses Against Digital Threats Securities and Exchange Board of India (SEBI) has significantly bolstered its cyber security framework for the financial ecosystem. In a major move focused on risk mitigation, SEBI officially launched the Cyber Suraksha Portal today. This strategic initiative underscores the regulator's commitment to proactively safeguarding the integrity and stability of the securities market in the digital age.Enhancing Financial Market Cybersecurity The launch of the Cyber Suraksha Portal addresses the rapidly evolving threat landscape facing financial institutions. This centralized platform has been established as a dedicated resource, providing a...

Capital Numbers Acquires US-Based Epitome Cloud to Boost Global Enterprise Technology Capabilities Capital Numbers, a global digital engineering and technology services company, has completed the acquisition of 100% of Epitome Cloud Inc., a US-based Salesforce and enterprise transformation company, in a transaction valued at ₹40 crore. The acquisition is set to strengthen Capital Numbers' focus on building a specialized global technology services business.Epitome Cloud, which is headquartered in New Jersey, brings established market presence and specialized capabilities in the US. The target company focuses on enterprise transformation and is proficient across critical platforms, including Salesforce, Revenue Cloud, CPQ, CLM, and...

SEBI Mandates Critical Cyber Reporting Alignment: Regulated Entities Must Adopt New FIRE Format Regulatory Overhaul: SEBI Aligns Incident Portal with Global FSB Standards The Securities and Exchange Board of India (SEBI) has introduced a critical regulatory mandate requiring all regulated entities to align their cyber incident reporting procedures with the 'Format for Incident Reporting Exchange' (FIRE) framework. This move is part of a proactive strategy by SEBI to fortify the resilience and security of the entire securities market ecosystem against escalating digital threats.The initiative formalizes a highly structured method for reporting incidents, ensuring that all relevant data—from initial detection to final resolution—is...

SEBI Moves to Seize Assets as ₹52.5 Lakh Debt Mounts Against Defaulter in Club Investigation SEBI Directs Banks and Depository Firms to Attach Accounts of Mr. Narayan Shivram Kotnis The Securities and Exchange Board of India (SEBI) has issued a stringent Notice of Attachment targeting the bank accounts and financial holdings of Mr. Narayan Shivram Kotnis. This action was taken as part of recovery proceedings related to the investigation into Royal Twinkle Star Club Private Limited.The Recovery Division, SEBI, issued the notice on August 24, 2026. The attachment order is backed by a Recovery Certificate No. 8927 of 2025, dated October 16, 2025. This certificate details the outstanding dues owed by Mr. Kotnis (PAN: ABIPK5022D)...

Gujarat Inject (Kerala) Partners with Storenergy Limited to Explore Renewable Energy Storage Technology in India Gujarat Inject (Kerala) Limited (GIKL) has formed a strategic business partnership with England-based Storenergy Limited to jointly explore opportunities in the Renewable Energy Storage Technology (REST) sector in India. The partnership is set to enable GIKL to participate in the growing renewable energy storage segment within the Indian market.As part of the agreement, the two companies will collaborate to identify, evaluate, and develop potential REST opportunities across the Indian market. This collaboration aims to harness GIKL's interest in the domestic market by leveraging Storenergy Limited's capabilities in the...

Phantom Digital Effects Limited Granted Two-Month Extension for Annual General Meeting Phantom Digital Effects Limited has received an extension from the Registrar of Companies (ROC) granting an additional two months to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026.The extension, granted by the ROC, Chennai, allows the company to convene its AGM later than the originally mandated deadline. The AGM, which was scheduled to be held on or before September 30, 2026, may now be held on or before November 30, 2026.In addition to the AGM extension, the company has set a timeline for the Board of Directors meeting intended to consider and approve the Audited Financial Results (Standalone and Consolidated)...

WABAG Secures 'Mega' Desalination Contract in Kuwait, Marking First Project in GCC VA Tech Wabag Limited (WABAG), a multinational water technology group, has signed a significant contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait. This contract marks WABAG's debut project in Kuwait and substantially enhances the company's footprint across the Gulf Cooperation Council (GCC) region.The project was awarded in June 2026 by the Ministry of Electricity, Water & Renewable Energy in Kuwait.The Mega Project will be executed on a Design, Build, Operate basis. WABAG will undertake the work through an unincorporated joint venture with Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO)...

PVR Inox Board Schedules Meeting to Consider Equity Share Buyback Proposal PVR Inox Ltd. has scheduled a meeting of its Board of Directors to consider a proposal for the buyback of the Company's equity shares. The meeting is set for Monday, August 31, 2026.During the Board meeting, the Company will consider and approve the proposal for the buyback of equity shares, which have a face value of INR 10/- each. The company will also address other incidental matters related to the buyback.The outcome of the Board meeting is expected to be communicated to the stock exchanges shortly after the conclusion of the meeting on August 31, 2026.In adherence to insider trading regulations and the Company's Code of Conduct, the trading window for...

Axis Bank Exercises Call Option to Redeem US$600 Million in Additional Tier 1 Notes Axis Bank Limited has decided to exercise the call option to fully redeem US$600,000,000 worth of Additional Tier 1 Notes. The notes were originally issued on September 8, 2021, with a coupon rate of 4.10 per cent.The Bank will redeem the specified Notes in full on the First Call Date, which is September 8, 2026. The redemption will be completed at the applicable redemption price, along with all accrued and unpaid interest/distributions, as per the terms of the Notes.The redemption pertains to two sets of securities identified by ISIN and CUSIP. The details of the notes and the redemption are as follows:Nature of SecuritiesAmount...

<h1>Central Government Amendment Restricts State Taxes on Mineral Rights, Citing MMDR</h1>Dalmia Bharat Limited has confirmed that changes brought by the Central Government via a recent amendment to the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), mean the company and its subsidiaries are no longer required to pay Mineral Bearing Land Tax and/or Mineral Cess, effective August 22, 2026.The Mines and Minerals (Development and Regulation) Amendment Act, 2026, was notified on August 22, 2026. This amendment restricts the imposition of taxes, cess, and other levies by State Governments on mineral rights or mineral-bearing lands.The legislation further clarifies that while any levy not paid or collected by the State...

KDDL Limited Sets Record Date for Final Dividend Eligibility KDDL Limited has announced the record date for determining the eligibility of shareholders to receive the final dividend, if declared, at the forthcoming Annual General Meeting (AGM).The company fixed Tuesday, September 8, 2026, as the record date. This date pertains to the final dividend for the financial year ended March 31, 2026.The measure of eligibility for shareholders to receive the dividend, if declared at the AGM, is set by this specific record date.KDDL Stock Price Movement Shares of KDDL Limited shed value on Monday, settling at ₹3848.7 after slipping by 3.88% from the previous market close. The stock traded within an intraday range bounded by a high of...