Markets

Magellanic Cloud's Subsidiary Provigil Secures ₹12.13 Crore Deal from Western Railway for Infrastructure Modernization Magellanic Cloud Limited, a global technology company specializing in digital transformation, announced that its wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from the Western Railway, Ratlam Division. The project, focused on upgrading critical rail infrastructure, is valued at ₹12.13 crore.The contract requires the Supply, Installation, Testing, and Commissioning (SITC) of advanced telecom infrastructure and CCTV surveillance systems. This initiative involves the Upgradation and Replacement of Telecom Passenger Amenities and various station facilities across Ratlam...

JSL Industries Ltd Schedules Board Meeting to Approve Q1 Unaudited Financial ResultsJSL Industries Ltd has scheduled a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the quarter ended June 30, 2026. The Board meeting is set to take place on Thursday, August 13, 2026.The meeting is intended to consider and formally take on record the company's performance results for the specified quarter.In addition to the board meeting details, JSL Industries has informed designated persons regarding the trading window closure related to its equity shares. The closure of the trading window commenced on July 01, 2026, and will remain in effect until the expiry of 48 hours following the public disclosure...

Kospi Sinks 5% Amid Global Tech Selloff; Retail Investors Vow Retrenchment After Massive Crash South Korea's market witnessed a sharp reversal on Thursday, as the benchmark Kospi plunged more than 5%, settling at 6,238. This major correction put an end to a two-session gaining streak. Heavyweight chipmakers Samsung and SK Hynix experienced significant declines amid a global tech rout, deepening losses for the country's retail investors.Tech Rout and Concentration Risks Drive Kospi Down The market downturn was mirrored by struggles on Wall Street, where Nasdaq fell nearly 1% as companies like Advanced Micro Devices and SpaceX slipped following earnings reports. Within South Korea, Samsung shares tumbled over 5%, while SK Hynix tanked...

Vishal Bearings Ltd to Hold Board Meeting to Approve Q1 Unaudited Financial ResultsVishal Bearings Ltd announced that its Board of Directors will convene a meeting on Thursday, August 13, 2026. The primary agenda item for this meeting is the consideration and approval of the standalone unaudited financial results for the quarter ended on June 30, 2026.The board meeting is scheduled to discuss this financial performance and address any other necessary business with the permission of the Board.In relation to these upcoming quarterly results, the company has specified details regarding trading restrictions for its securities. The Trading Window for dealing in Vishal Bearings Ltd's securities will remain closed from July 1, 2026...

Inventurus Subsidiary Sells Preferred Shares in Abridge AI Inc. in Stock Purchase Deal Inventurus Knowledge Solutions Limited has completed the sale of Series A-1 Preferred Shares held by its subsidiary, Inventurus Knowledge Solutions, Inc., through a Stock Purchase Agreement executed on August 05, 2026. The transaction involves the monetization and partial divestment of these shares in Abridge AI Inc.The Stock Purchase Agreement (SPA) was finalized between Inventurus Knowledge Solutions, Inc. and Alpha Square Group Fund IV, LP, with Abridge AI Inc. acting as the Confirming Party.The purpose of the agreement is the monetization and partial divestment of 54,055 Series A-1 Preferred Shares held by Inventurus Knowledge Solutions, Inc...

Stock Markets Surge Amid Peace Hopes as Sensex Crosses Key Levels and Nifty Maintains Gains The Indian stock markets extended their upward momentum today, driven by optimistic sentiment surrounding the Middle East diplomatic negotiations and a robust Q1 earnings season across key sectors. The BSE Sensex rose over 201 points to trade at 78,782, while the Nifty 50 gained 16 points, opening the session at 24,641.Broader market indices also showed strength. Both the Nifty Smallcap 100 and Nifty Midcap 100 recorded gains of up to 0.4%, underlining widespread positive investor sentiment across market capitalizations. The overall market breadth remained strongly positive, with NSE registering 1,347 advances against 924 declines, and 124...

Swiggy Targets INR 10,000 Cr Adj EBITDA by FY31 as It Drives Affordability through Toing and Instamart Swiggy Ltd., driven by its diverse business verticals, outlined an ambitious path to profitability, aiming for a Consolidated Adjusted (Adj) EBITDA of approximately INR 10,000 Cr by Fiscal Year (FY) 2031. The company’s strategy centers on delivering value through affordability and superior execution across food delivery, Quick Commerce (QC), and Out-of-Home (OOH) consumption.The leadership team, including Sriharsha Majety (Managing Director & Group CEO) and Rahul Bothra (Chief Financial Officer), presented a comprehensive look at the company's journey since its IPO, highlighting operational strength and market positioning across all...

PNC Infratech Project: Kanpur-Lucknow Expressway Completes Construction Amid NHAI Scrutiny Over Maintenance Issues PNC Infratech Limited has provided updates regarding its involvement in the Kanpur-Lucknow Expressway project, detailing the completion of construction and current operational status as the company addresses recent issues related to maintenance under National Highways Authority of India (NHAI) oversight.The 'Construction of 6 lane upgradable to 8 lane of Kanpur Lucknow Expressway from km 28.500 to 73.744 (Package-2) in Uttar Pradesh on Hybrid Annuity' was completed by a subsidiary, Awadh Expressway Private Limited. Both the Provisional and Final Completion Certificates for the project were issued on October 1, 2025, and...

Shiprocket IPO Set to Explode: E-commerce Platform Fixes Price Band at Rs 92-97 as Market Valuation Soars Past ₹7,000 Crore Shiprocket, the fast-growing technology platform powering e-commerce enablement for both MSMEs and major retailers, has finalized the parameters for its upcoming Initial Public Offering (IPO). The company is setting a price band of Rs 92 to Rs 97 per share. This pricing positions Shiprocket at a formidable market capitalization of Rs 7,057.5 crore at the upper end of the band.The Gurugram-based tech firm, backed by notable investors including Bertelsmann and Temasek, is seeking significant capital through the offering structure. The IPO itself carries a size of Rs 1,617.5 crore. This total raise includes an issue...

PNC Infratech Clarifies Status of Kanpur-Lucknow Expressway Project Amid NHAI ScrutinyPNC Infratech Limited has released detailed clarifications concerning the status of its involvement in the Kanpur-Lucknow Expressway Project, addressing media reports and regulatory actions by the National Highways Authority of India (NHAI). The project, executed for a subsidiary of PNC Infratech, is currently under maintenance following its successful completion.The 'Construction of 6 lane upgradable to 8 lane of Kanpur Lucknow Expressway from km 28.500 to 73.744 (Package-2) in Uttar Pradesh on Hybrid Annuity,' was completed by Awadh Expressways Private Limited, a subsidiary of the company. Provisional and Final Completion Certificates for the...

Magellanic Cloud Subsidiary Secures ₹12 Crore Railway Surveillance Contract for Simhastha 2028 Upgradation Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Western Railway, Ratlam Division. The contract, which focuses on the modernization of railway infrastructure, is valued at ₹12,12,64,565.55.The project involves the comprehensive supply, installation, testing, and commissioning of telecom material in the form of a CCTV Surveillance System. This work is targeted at upgrading and modernizing telecom passenger amenities and associated infrastructure across railway stations under the Ratlam Division. The modernization effort is specifically designed in...

Senthil Infotek Ltd Announces Board Meeting to Review Q1 Un-audited Financial Results Senthil Infotek Limited has scheduled a Board of Directors meeting to review the un-audited financial results for the quarter ended June 30, 2026. The meeting is set to take place on Saturday, August 8, 2026, at the company's registered office.The board meeting agenda includes the consideration of the unaudited Financial Results of Senthil Infotek Limited for the Quarter ended 30.06.2026, along with any other business as permitted by the Chair.In addition to the board meeting announcement, the company confirmed the status of its trading window related to the declaration of these results. The designated persons, their immediate relatives, and all...

$3.3 Billion Deal Rocks Markets: How Zero-Secrecy and Strategic Timing Forced a Record Sale of LIC Shares India's government successfully executed a massive secondary offering of shares in Life Insurance Corp. of India (LIC), raising an impressive $3.3 billion. The deal, described as the nation's largest stock exchange secondary offering, significantly surpassed the initial sale plan due to careful execution and strategic timing by officials.Execution Under SecrecyThe successful completion of the high-stakes divestment was underpinned by a deliberate strategy of information control. Officials maintained strict secrecy surrounding the sale until the final hours, even limiting knowledge among some advisory parties. This tight...

Quality Power Corrects Financial Period Reference for Q1 Earnings Conference Call Quality Power Electrical Equipments Ltd has issued a corrigendum regarding its previously intimated Earnings Conference Call with Analysts and Investors concerning the Un-Audited Financial Results of the Company.The conference call was originally scheduled to discuss the company's Un-Audited (Standalone and Consolidated) Financial Results for the Quarter ended June 30, 2026. The corrigendum addresses an inadvertent typographical error that occurred in certain parts of the original intimation document.The error related to the financial period, which was incorrectly mentioned as "Q1 FY 26" on some occasions. Quality Power has confirmed that the correct...

Khadim India Ltd Approves Issuance of Over 10 Lakh Warrants at EGM Khadim India Ltd confirmed significant developments regarding its capital structure following an Extra-ordinary General Meeting held on August 01, 2026. Shareholders passed a Special Resolution granting approval for the issuance of Fully Convertible Equity Share Warrants on a preferential basis.The resolution approved by members concerns the issuance of 10,22,727 Warrants, each valued at ₹ 10. These warrants are intended for preferential issuance under relevant capital market regulations.In connection with the issue of these Warrants, the Company has provided specific declarations regarding the issuance process. The company confirmed that it will re-compute the issue...

Eriska Investment Fund Holds Position in Ashapura Minechem Ltd as of August 2026 Eriska Investment Fund Ltd, through its investment servicing arm, maintained a specific holding in Ashapura Minechem Ltd as recorded on August 5, 2026. The holdings details track the fund's cumulative share count and percentage stake across various trade dates since December 2013.The data provided by IQ EQ Fund Services (Mauritius) Ltd details the fund's activity in Ashapura Minechem Ltd over multiple years, showing consistent involvement in the company's trading activities.Key metrics regarding Eriska Investment Fund Ltd’s holding in Ashapura Minechem Ltd are summarized below:Trade DateCumulative Balance (shares)% HoldingBuy / Sell Value (INR)...

SEPC Secures ₹854.57 Crore Order to execute Pellet Plant Works for SAIL-ISP Burnpur Expansion SEPC Limited, a specialized EPC firm in industrial infrastructure, has secured a significant Letter of Acceptance valued at ₹854.57 Crore from the Steel Authority of India Limited (SAIL) - IISCO Steel Plant in Burnpur. The contract involves executing the Pellet Plant BOP including Civil and Structural Works for Pellet Package-2, which supports SAIL's 4.08 MTPA Crude Steel Expansion Project.The order, valued at ₹854.57 Crore net of Input Tax Credit, entails SEPC handling the delivery of the specified works over a period spanning 32 months. This contract underscores SEPC’s established capabilities and growing presence within the industrial EPC...

Vedanta Aluminium Banks on Rs 13,500 Crore Loan After De-merger, Securing Funding from Major Indian Banks Vedanta Aluminium Metal Ltd., a unit of the larger Vedanta Group conglomerate, is securing significant financing amounting to approximately ₹13,500 crore. This funding comes from a consortium led by major lending institutions including Axis Bank, HDFC Bank, and ICICI Bank. The deal marks one of the first large-scale local currency loans undertaken by the entity following its formal split from the integrated conglomerate structure controlled by Anil Agarwal.Strategic Financing Post De-merger Axis Bank Ltd. has committed to a loan agreement totaling ₹55 billion for Vedanta Aluminium Metal Ltd. Concurrently, HDFC Bank and ICICI Bank...

Maruti Suzuki Delivers Mega Payout: Get the Deadline Alert for 38 Stocks Turning Ex-Record Today Today marks a critical deadline for investors looking to capitalize on upcoming corporate actions across multiple sectors. As of Friday, August 7th, thirty-eight companies, including market leaders like Maruti Suzuki and Grasim Industries, are set to turn ex-record date for dividend payouts. This makes today the absolute last opportunity for interested shareholders to purchase these stocks and be eligible for the declared payments.The Dividend Ex-Record Date Deadline The eligibility of a share depends on adherence to SEBI's T+1 settlement cycle. Investors must acquire a company's shares at least one trading day prior to the official record...

Oil Plunges Below $80 as Iran-Oman Talks Surge on Peace Hopes; Markets Temper Optimism Over Red Sea Risks Oil prices dipped globally on Thursday, reacting to growing signs of de-escalation in the Middle East. The decline was driven by market speculation surrounding proposed peace talks between Iran and Oman. These negotiations could potentially resolve the five-month conflict involving the U.S. and Iran, signaling a possible reopening of the Strait of Hormuz.Brent crude futures fell 0.5% to $79.08 a barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped 0.7% to $74.69 a barrel. This movement marks a shift from Wednesday's trading session when Brent had closed marginally higher, and WTI settled slightly lower...