Markets

Avantel Limited Secures Rs 2.70 Crores Supply Order for Telecommand RF System Avantel Limited has secured a supply order valued at Rs 2.70 Crores from Integrated Test Range (ITR), Chandipur, for the provision of a Telecommand RF System. The contract specifies that the work must be completed by September 2028.The domestic order involves the supply of the specialized equipment to ITR Chandipur and is valued at Rs 2.70 Crores, inclusive of applicable taxes. Integrated Test Range (ITR) in Chandipur is the entity that awarded the contract.Key details regarding this significant contract are provided below:ParticularsDescriptionEntity Awarding OrderIntegrated Test Range (ITR), ChandipurNature of ContractSupply of Telecommand RF...

Ventive Hospitality Approves Up To Rs 60 Crore Captive Solar Investment for Hotel Assets Ventive Hospitality Limited has approved a significant captive solar investment project aimed at its hotel assets and those of its subsidiaries. The approval was granted by the company's Board of Directors during a meeting held on August 04, 2026.The decision involves implementing a comprehensive captive solar power solution for the organization's properties. The investment scope includes provisions for battery backup to ensure operational stability across all involved assets.Key details regarding the approved investment are as follows:AspectDetailInvestment TypeCaptive Solar Investment with Battery BackupScopeHotel Assets of the...

Globus Spirits Limited Announces Floor Price for Equity Share Placement to Qualified Institutions Globus Spirits Limited has established the floor price for a qualified institutions placement (QIP) of its equity shares, following resolutions passed by its management and shareholders.The Fund Raising Committee of Globus Spirits Limited approved the preliminary placement document and application form related to the Issue during a meeting held on August 4, 2026. This decision followed the approval by the Board of Directors on November 20, 2025, and the special resolution passed by shareholders on December 18, 2025.The Company approved a floor price of ₹883.67 per Equity Share for the QIP.In relation to this Issue, Globus Spirits...

R Systems International Reports 30% Revenue Growth and 51% EBITDA Growth in Q2 FY2026 R Systems International Limited, a company specializing in digital product engineering, has reported robust financial results for the quarter and six months ended June 30, 2026. The company saw significant growth across its key metrics, driven by sustained demand for its AI-first services and platform adoption among mid-market enterprises.The consolidated results show strong performance for Q2 FY2026, with revenue reaching Rs. 6,017 million (US$ 63.6 million). This represents a year-on-year growth of 30.2% in INR terms and 17.7% in US$ terms. Adjusted EBITDA stood at Rs. 1,207 million (US$ 12.8 million), marking a 51.4% increase compared to Q2...

Viviana Power Tech Reports Robust Q1 FY27 Results; Revenue Jumps 246% YoY as Strategic Restructuring is Approved Vadodara, August 04, 2026: Viviana Power Tech Limited, a prominent power infrastructure and EPC solutions provider, announced its audited financial results for the quarter ending June 30, 2026. The results reflected significant growth across key operational metrics, while the Board of Directors also approved a major move to restructure the company's portfolio through subsidiary divestment.The quarterly performance demonstrated strong execution across the company's various verticals. Revenue from operations saw a substantial increase year over year (YoY). EBITDA and Profit After Tax (PAT) both witnessed dramatic growth...

Paytm Shares Hit ₹1,400 as Institutional Investors Absorb Bulk Stake Sold by Elevation Capital Entities Paytm (One 97 Communications) saw heavy trading volumes on the National Stock Exchange (NSE), closing at Rs 1,400, which registered a slight dip of 0.71 percent. The stock movements followed news of major block deals involving shares held by Elevation Capital and its affiliated entities.The transaction confirmed that three related entities—SAIF III Mauritius Company, SAIF Partners India IV, and Elevation Capital V—offloaded a substantial 2.3 percent stake in Paytm. These combined sales accounted for a total of 1.49 crore shares, transacted at an average price of Rs 1,367.8 apiece, amounting to ₹2,038.02 crore.Details of the Stake...

Milky Mist Dairy Foods Slashes IPO Size, Targets Major Funding Boost Amid Market Expectations Milky Mist Dairy Foods announced a significant revision to its initial public offering (IPO) size on Tuesday. The dairy company has decided to reduce the scale of the IPO after earlier projections, positioning itself for a launch next week. This move signals strategic planning as the company prepares to go public.The revised IPO is now priced at 15.53 billion rupees ($162.83 million). This figure marks a reduction from the previously targeted offering value of 20.35 billion rupees, providing clarity on the immediate financial goals.Breakdown of Milky Mist's Initial Public Offering The structure of the IPO involves both fresh capital...

United Breweries Reports Q1 FY27 Results: Sales Up 7%, EBITDA Improves Despite War Headwinds United Breweries Limited (UBL), part of the Heineken Company, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported growth across key metrics, noting that sales grew by 7% driven by volume increases and favorable geographic mix, while continuing to manage margin pressures caused by international events.The results highlight a focus on disciplined execution and strategic investment across India's brewing sector. UBL successfully commissioned a new canning line in Telangana as part of its future-proofing initiatives. The company also announced a strategic partnership with ABB in Punjab and completed...

Bharti Airtel Soars 37% as Q1 Results Pour In Amid Key IPO Preparations and Massive Bulk Deals The markets witnessed a flurry of corporate developments today, with several companies reporting strong quarterly performances. While earnings results crossed various sectors from telecommunications to manufacturing, significant institutional activity dominated the trading floor through large-scale stake sales and acquisitions across multiple popular stocks.Key Corporate Announcements and Stake Acquisitions Bharti Airtel reported robust Q1 consolidated results, showcasing a 37.3% jump in profit reaching Rs 8,167.4 crore from Rs 5,947.9 crore. The company also recorded an 18.4% growth in revenue, scaling to Rs 58,539.1 crore.In a strategic...

Ventive Hospitality Limited Approves Scheme of Amalgamation for Subsidiary Entities Ventive Hospitality Limited has approved a proposal concerning the merger of Sun Leisure (India) Private Limited into Soham Leisure Ventures Private Limited, with the transition set to occur via a Scheme of Amalgamation. The decision was finalized by the company's Board of Directors on August 04, 2026.The approval concerns the consolidation of businesses within the group structure. Sun Leisure (India) Private Limited, which is a wholly owned subsidiary of Soham Leisure Ventures Private Limited, will merge into Soham Leisure Ventures Private Limited, another subsidiary of Ventive Hospitality Limited. This transaction is subject to necessary statutory...

Adani Defence Completes Acquisition of Remaining Stake in Flight Simulation Solutions, Achieving 100% Ownership Adani Defence Systems & Technologies Limited (ADSTL), a wholly owned subsidiary of Adani Enterprises Limited, has successfully completed the acquisition of the remaining shares in Flight Simulation Solutions Private Limited (FSSPL). The completion of this transaction brings FSSPL and its subsidiary, Flight Simulation Technique Centre Private Limited (FSTC), under the full ownership of ADSTL.The acquisition followed a share purchase agreement (SPA) executed by Adani Defence Systems & Technologies Limited with FSSPL and existing shareholders. Prior to the final acquisition, ADSTL held a 55.40% stake in FSSPL.ADSTL informed...

FII Inflows Propel Gains as Indices Dip; FCNR-B Deposits Surge Reflecting Forex Strength Foreign and Domestic Investor Flows in Market Provisional exchange data reveals a contrasting picture between foreign and domestic institutional investors (FIIs and DIIs) on August 4. FIIs continued their buying momentum, injecting Rs 2,446.47 crore into the markets after purchasing shares worth Rs 15,630.45 crore against sales of Rs 13,183.98 crore.Conversely, DIIs registered a net outflow, selling equities amounting to Rs 16,177.53 crore against purchases of Rs 15,241.39 crore, resulting in an outflow of Rs 936.14 crore. This marks the second consecutive session where foreign investors showed a buying streak.Year-to-Date Trends and Market...

Bhagyanagar India Limited receives 'in-principle' approval for preferential issue of 15 lakh equity shares Bhagyanagar India Limited has received the 'in-principle' approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) for a major preferential allotment of its equity shares. The company is set to issue 15,01,434 Equity Shares with a face value of Rs 2/- each.The exchanges granted the in-principle approval after review of the proposed issuance. This authorization applies to the sale of these shares on a preferential basis, specifying that the issue price must be not less than Rs 348/- per share.While granting this preliminary approval, the stock exchanges specified several conditions and...

Avalon Technologies Reports Q1 FY27 Results: Revenue Jumps 49.8% YoY as EBITDA Reaches 12.0% Avalon Technologies Limited, a leading provider in the Electronics Manufacturing Services (EMS) industry, announced its unaudited standalone and consolidated financial results for the first quarter of Fiscal Year 2027, ending June 30, 2026. The company reported significant growth across key metrics during the period.The Q1 FY27 results showcased robust performance improvements compared to previous periods. Revenue from Operations grew by 49.8% on a year-on-year basis and 0.9% quarter-on-quarter, reaching INR 484.4 crore. Total Income for the quarter stood at INR 487.2 crore.Avalon Technologies saw substantial improvement in profitability...

Ventive Hospitality Approves Key Guarantees and Merger Amid Q1 Performance Ventive Hospitality Limited has announced significant business milestones following its Board Meeting held on August 04, 2026. The company approved a series of strategic moves including granting corporate guarantees and operationalizing a merger of subsidiaries, while releasing unaudited financial results for the quarter ending June 30, 2026.The Board meeting approved several key transactions impacting various group entities. These approvals included issuing a Letter of Comfort in favor of ICICI Bank Limited to support Urbanedge Hotels Private Limited, a wholly owned subsidiary, for a loan facility up to Rs. 175 crores. Additionally, the company agreed to...

S&P 500 and Dow Hit Records as AI Earnings Surge, Geopolitical Optimism Lifts Global Markets The S&P 500 and the Dow Jones Industrial Average closed at record highs on Tuesday. The rally was fundamentally driven by robust earnings reports from AI-related corporations, signaling sustained demand in the high-growth tech sphere. Simultaneously, expectations of a diplomatic breakthrough concerning the Iran conflict contributed to a decline in crude oil prices and a retreat in U.S. Treasury yields.The surge highlights investors' confidence in the long-term trajectory of technology spending. Palantir Technologies saw a massive climb, soaring 29.5% and registering its biggest daily percentage gain since February 2024 after raising its annual...

Institutional Frenzy: 27 Investors Pile Into Meesho in Massive Block Deal, Driving Up Stakes E-commerce platform Meesho saw significant institutional interest on Tuesday as a block deal unfolded. Twenty-seven major investors collectively acquired a substantial equity stake of company shares from prominent venture capital firms, signalling strong market confidence in the fast-growing tech firm.Major Investors Acquire Stake from VC Firms Elevation Capital and Peak XV Partners Investments were the primary sellers during the open market transactions on August 4. These venture capitalists held significant stakes prior to the deal. Elevation Capital V sold 5.24 crore equity shares for Rs 974.64 crore, having previously maintained a 12.04...

Vaibhav Global Limited Sets Record Date for FY 2026-27 Interim Dividend Payment Vaibhav Global Limited has announced the record date designated for determining shareholder eligibility for the payment of its Interim dividend for Fiscal Year (FY) 2026-27.The company set Wednesday, August 12, 2026, as the record date. This date will be used to determine which shareholders are eligible to receive the Interim dividend for FY 2026-27.The essential details regarding the security and the purpose of the record date are summarized below:Security DetailsRecord DatePurposeNSE: VAIBHAVGBL, BSE: 532156 (Equity Shares)Wednesday, August 12, 2026Determining eligibility for the payment of Interim dividend for FY 2026-27.The record date...

President of India Offers Sale of LIC Equity Shares, Total Offer Size Reaches 6.5%The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, has proposed an offer for sale (OFS) of equity shares in Life Insurance Corporation Of India (LIC). The transaction involves the sale of stock via the Stock Exchanges (BSE and NSE), with the Seller exercising the Oversubscription Option.The total Offer Size now stands at up to 82,22,49,701 Equity Shares, representing 6.50% of the total paid-up equity share capital of LIC. This offer is divided across different investor categories and timelines.The initial Base Offer comprised up to 31,62,49,885 Equity Shares, which represents 2.50%...

TPL Plastech Reports Resilient Q1 FY27 Results Driven by Operational Consistency and Future Growth Plans Mumbai: TPL Plastech Limited, a manufacturer of technology-based industrial packaging products, has reported its unaudited financial results for the quarter ended June 30, 2026. The company demonstrated consistent operational performance, marked by a 12.1% year-on-year volume growth and solid earnings figures despite geopolitical tensions and fluctuations in input costs, particularly polymer prices.Key Financial Performance Highlights The financial results indicate TPL Plastech's strong footing across various periods. Revenue from Operations reached ₹1,243.9 Mn for Q1 FY27.A comparative look at the company’s key financial metrics...