Markets

Welspun Enterprises Reports Q1FY27 Results: Revenue stands at ₹773 Cr; EBITDA margin maintained at 22.9% Welspun Enterprises Ltd., part of Welspun World, announced its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27). The company reported a soft quarter amidst a challenging operating environment but highlighted the resilience of its model and execution discipline.The company noted that consolidated cash and cash equivalents stood at ₹1,792 crore as of June 30, 2026.Financial Performance Highlights (Consolidated) For the quarter ended June 30, 2026, Welspun Enterprises recorded Total Income of ₹808 million crores (cr), down 7% compared to Q1FY26. Revenue from operations for the quarter stood at ₹773.72 cr...

Axis Bank completes pricing for USD denominated Senior Notes under Global Medium Term Note Programme Axis Bank Limited has completed the pricing of its issuance of USD denominated Senior Notes, which are part of the bank's existing Global Medium Term Notes (GMTN) programme. These new notes will be consolidated and form a single series with U.S.$300,000,000 5.348 per cent. Senior Notes issued under the larger U.S.$5,000,000,000 Global Medium Term Note Programme.The issuance involves Senior Notes that fall under the GMTN programme and are set to be listed on international exchanges.Key details of the pricing for the new notes have been reported as follows:ParticularsDetailsType of instrumentSenior Notes under the Global Medium...

Complaint Storm Grips Insurers: How Claim-Related Issues Account for Over 41% of Insurance Industry Grievances Indian insurers face a massive volume of consumer grievances, with claim-related disputes dominating the landscape across life, health, and general segments. Government data presented by the Minister of State for Finance, Pankaj Chaudhary, reveals that the focus remains firmly on policy execution and service delivery. The surge in complaints underscores persistent operational challenges within the industry.Life Insurers Lead Complaint Volume in FY2025-26 Life insurance companies accounted for the highest share of grievances received by insurers during the financial year 2025-26, followed closely by general insurers. A total...

Agarwal Toughened Glass Reports Q1 FY27 Revenue of ₹34.40 Cr, Sees 22.86% QoQ Growth Agarwal Toughened Glass India Limited ("Agarwal Toughened Glass") announced its Business Update for the quarter ended June 30, 2026 (Q1 FY27), noting sustained momentum supported by strong demand across architectural, infrastructure, and value-added glass applications. The company reported a significant rise in revenue compared to the previous year and maintained a robust executable order book.The company, which is an ISO 9001:2015 certified processor of toughened, laminated, insulated, and specialty safety glass, highlighted continued investment towards operational growth while working to improve its margin profile by focusing on high-value...

Tata Investment Corporation Reports Q2 FY26 Results: Standalone Profit Reaches 163.89 Cr; Consolidated Income Stands at 143.51 Cr Tata Investment Corporation Limited (TICL) has released its unaudited financial results for the quarter ended June 30, 2026, showing performance across both standalone and consolidated entities. The company remains classified by the Reserve Bank of India as a middle layer Systemically Important Non Banking Financial Company (NBFC).Standalone Financial Performance Overview The unaudited standalone financial results for Q2 ended June 30, 2026, reflect significant revenue components and operating expenses for the quarter.MetricQ2 Ended 30-Jun-26 (Unaudited)Q1 Ended 31-Mar-26Q2 Ended 30-Jun-25 (Unaudited)FY...

Oil Prices Plunge as Diplomatic Hopes Surge over US-Iran Deal Amid Strait of Hormuz Tensions Global crude oil prices took a sharp downturn on Tuesday after comments from Qatari officials and U.S. Treasury Secretary Scott Bessent reignited hopes for a diplomatic resolution to the Middle East conflict. This optimistic sentiment, centered around improving oil flows through the critical Strait of Hormuz, drove both major benchmarks to multi-week lows.Brent crude futures saw front-month prices fall by $3.95, or 4.72%, settling at $79.82 a barrel (after hitting a session high of $86.33). WTI crude was equally affected, plunging $4.32, or 5.38%, to reach $76.02 a barrel after earlier climbing over 2% amid uncertainty regarding the US-Iran...

SecUR Credentials Reports Q3 Financial Results: Net Loss Reported While Limited Review Notes Inventory and Tax Compliance Issues Secur Credentials Limited has released its standalone unaudited financial results for the quarter ended September 30, 2024. The company's performance highlights include a reported net loss during the period, alongside several observations detailed in the associated limited review report concerning inventory, statutory dues, and expense provisions.The financials provide snapshots of the company’s operational status as of the end of Q3 FY2024 against the previous financial year data.Financial Performance Summary (Quarter Ended September 30, 2024) Based on the standalone results, Secur Credentials recorded a...

Sattva Engineering Construction Approves Auditor Appointment, Announces 21st AGM Details Sattva Engineering Construction Limited has finalized several key governance matters following its Board of Directors meeting on August 04, 2026. The Board approved crucial appointments, including a new Company Secretary and Statutory Auditors, alongside setting the schedule for the company's upcoming Annual General Meeting (AGM).The directors reviewed and approved the Board's Report and Management Discussion and Analysis Report for the financial year ended March 31, 2026.Key Personnel Changes at Sattva Engineering During the meeting, the Board of Directors noted the resignation of Mr. Laxmikanth Tangudu from the post of Company Secretary and...

ASK Automotive Limited Reports Record Quarterly Revenue, EBITDA, and PAT in Q1 FY27 ASK Automotive Limited, a major manufacturer of brake shoes and Advanced Braking Systems for two-wheelers in India, announced its unaudited financial results for the first quarter (Q1) ending June 30, 2026. The company reported highest ever figures across consolidated revenue, EBITDA, and Profit After Tax (PAT).The results showed a significant increase in performance, despite facing challenges related to fluctuating alloy prices and strategic reductions in its Wheel Assembly business.Financial Highlights for Q1 FY27 Consolidated revenue grew by 52.1% reaching Rs. 1361 Crore. The company achieved an EBITDA of Rs. 164 Crore, reflecting a 32.7%...

Metro Brands Limited Reports Strong Q1 FY27 Results; Revenue Jumps 14.7% YoY Metro Brands Limited (MBL), one of India's leading footwear specialty retailers, has announced its Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company reported consolidated revenue from operations of ₹720 crore, marking a 14.7% year-on-year growth.The results reflect the company's operational discipline, with EBITDA reaching ₹215 crore and an corresponding EBITDA margin of 29.8%.Consolidated performance highlights are summarized below:MetricValueConsolidated Revenue from Operations₹720 croreEBITDA₹215 croreEBITDA Margin29.8%E-commerce Sales Contribution13.1% of revenueWhile the company saw a...

SPR Auto Technologies Announces Q1 Financial Results and Appoints Key Management Personnel SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has released its unaudited financial results for the quarter ended June 30, 2026. The company also announced significant managerial appointments, including a new Whole-time Director and a Compliance Officer, as part of its operational updates.The Board of Directors reviewed and approved the consolidated and standalone financial results for the period. The results were accompanied by a Limited Review Report issued by Statutory Auditors on the unaudited performance.Financial Performance Highlights For the quarter ended June 30, 2026, the company reported comprehensive...

OCCL Limited Sets Record Date for Final Dividend as Board Recommends Payout OCCL Limited has announced the record date for the final dividend pertaining to the financial year ending March 31, 2026. The company's Board had recommended a final dividend of Rs. 1.80 per equity share, which is contingent upon approval by the shareholders at the upcoming Fourth Annual General Meeting (AGM).The record date for determining members' entitlement to receive the dividend has been set as Thursday, August 20, 2026.OCCL Limited also provided details regarding its Fourth AGM, during which the dividend will be considered. The meeting is scheduled for Thursday, August 27, 2026, at 11:00 a.m. (IST), and will be conducted via Video Conference or other...

HFCL Boosts Global Ambitions: Announces Rs 400 Crore Expansion to Fuel Optical Fiber and Cable Manufacturing Surge Telecom equipment manufacturer HFCL has announced a significant commitment to expand its manufacturing capabilities for optical fibre and optical fibre cable products. The company's Board of Directors approved the fresh investment, setting a clear trajectory for growth in the highly competitive global telecommunications market. This expansion initiative is expected to be completed by July 2028.The proposed capital expenditure of approximately Rs 400 crore will be financed through a combination of internal accruals and debt. HFCL stated that this move directly addresses the robust order book for optical fiber cable (OFC)...

Vivek Mehta Appointed as Chief Internal Auditor at Bharti Airtel Following Organizational Change Bharti Airtel Limited has announced a change in its senior management following internal organizational restructuring, appointing Vivek Mehta to lead internal assurance and audit functions. The transition was approved by the Board of Directors on August 4, 2026.Vivek Mehta has been appointed as Chief Internal Auditor and Head - Internal Assurance (Senior Management) at the company, effective August 5, 2026. This appointment follows the departure of Ramjee Verma, who is moving into a new role within the Group, also commencing on August 5, 2026.The profile of Vivek Mehta includes over two decades of experience in financial leadership...

Waaree Energies subsidiary incorporates new entity focused on Green Hydrogen and Ammonia Waaree Clean Energy Solutions Private Limited, a wholly-owned subsidiary of Waaree Energies Limited, has incorporated a new entity named WH Clean Fuels Private Limited. The incorporation took place on August 03, 2026.The establishment of the new company is aimed at supporting specific business projects related to Green Hydrogen and Green Ammonia. This move strengthens the group's focus within the hydrogen sector.WH Clean Fuels Private Limited has been incorporated in India and is registered with the Registrar of Companies, Mumbai. The entity is set up for the Hydrogen Business industry. As a newly established company, its turnover remains Nil...

Dredging Corporation of India Reports Q1 FY2026 Results; Total Income Reaches 35,646.65 Lakhs Dredging Corporation of India Limited released its unaudited standalone financial results for the quarter ending June 30, 2026. The company recorded a net profit after tax of 1,123.54 lakhs for the quarter and maintained substantial revenues compared to the previous year and full fiscal year data.The financial statements detail strong performance in generating income through operations, while maintaining a specific structure regarding assets and liabilities as of June 30, 2026.Financial Performance Highlights (Quarter Ended June 30, 2026) For the quarter ending June 30, 2026, the company reported Revenue from operations amounting to...

Auto Sector Surge: Automakers Set to Receive Rs 4,000 Crore Under Centre's PLI Scheme for FY26 The government's Product-Linked Incentive (PLI) scheme is providing significant support to India's automotive and auto component manufacturing sector. It is projected that approximately Rs 4,000 crore will be disbursed under this scheme during the current fiscal year (FY26). The incentives are specifically targeted at companies demonstrating increased sales performance throughout FY26.Bajaj Auto has been among the first recipients of these funds in the current fiscal period. A senior official confirmed that Bajaj Auto received about Rs 750 crore from the scheme and settled its claims last week. This milestone highlights the steady rollout of...

Pondy Oxides & Chemicals Limited Approves Amalgamation of Subsidiary Harsha Exito Engineering Pondy Oxides & Chemicals Limited (POCL) has approved a scheme of amalgamation involving its wholly owned subsidiary, Harsha Exito Engineering Private Limited (HEEPL). The transaction involves the merger of HEEPL with POCL.The details pertaining to the Transferor Company (HEEPL) and the Transferee Company (POCL) were reviewed, showing operational and financial metrics as of March 31, 2026.<table> <thead> <tr> <td colspan="5">Financials and Business Profiles (as of March 31, 2026; figures in Rs. in Lakhs)</td> </tr> </thead> <tbody> <tr> <td><strong>Particulars</strong></td> <td><strong>HEEPL</strong></td> <td><strong>POCL...

Trejhara Solutions Approves Q1 Unaudited Results for FY2026; Reports Consolidated and Standalone Performance Trejhara Solutions Limited has announced the approval of its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company released these statements following the Board meeting held on August 4, 2026, which included a review of the results by its Statutory Auditors, M/s Chokshi &amp; Chokshi LLP.The management confirmed that the consolidated financial results include entities such as Auroscient Outsourcing Limited., GS Marketing Associates Private Limited (60%), Trejhara Pte Ltd, LP Logistics Plus LLC, and Trejhara Logistics Services LLC.Consolidated Financial Overview Trejhara...

BSE Net Profit Surges 62% as Revenue Rockets and Investment Income Climbs BSE Q1 Results: Financial Highlights Breakdown India's oldest exchange, the Bombay Stock Exchange (BSE) Ltd, reported a robust quarter with strong growth across its key financial metrics. The company announced a consolidated net profit attributable to shareholders for the June quarter, marking a significant 62% year-on-year (YoY) increase. This stellar performance was driven by substantial growth in revenue from operations alongside higher investment income.For the quarter ended June 2026, BSE posted a profit attributable to shareholders of the holding company at ₹874 crore. This figure represents a marked increase compared to the ₹539 crore reported in the...