Markets

Choice International Shares Surge 8% as South Korean Giant NH Investment Pours Rs 900 Cr into Broking Arm Choice International Ltd. saw a significant market boost on July 9, with its shares trading 8% higher at Rs 829 apiece following the announcement of a major strategic investment. The news stemmed from agreements signed between Choice Equity Broking Pvt. Ltd., Choice International’s material subsidiary, and NH Investment & Securities Co. Ltd., a prominent South Korea-based securities firm.The South Korean financial institution has committed to subscribe to over 4.2 million compulsorily convertible preference shares (CCPS) of Choice Equity for a total consideration amounting to Rs 899 crore. This infusion is earmarked as growth...

LTM Recognized as Global Leader in ISG Provider Lens Snowflake Ecosystem Partners 2026 Mumbai, India - LTM has been recognized as a Global Leader in the ISG Provider Lens Snowflake Ecosystem Partners 2026 report. The recognition is for two key strategic service categories: Modernization and AI/ML Enablement Services, and Managed Data and Optimization Services.The designation underscores LTM's capability to assist enterprises with data modernization, large-scale operationalization of AI, and the optimization of Snowflake environments. This achievement highlights LTM's strength in delivering end-to-end Snowflake capabilities that accelerate business value across data modernization, governance, observability, AI enablement, and...

SBI Mutual Fund Aims to Transform 530 Million Customers into Investors, Vowing Nationwide Financial Inclusion Expanding Retail Participation: The Core Growth Priority For decades, State Bank of India (SBI) has been a pillar of the nation's banking infrastructure. With approximately 530 million banking customers under its belt, SBI Mutual Fund (SMF) is now focused on a monumental shift: transitioning these vast banking relationships into active investment portfolios. Currently, only about 5.5 million unique mutual fund investors represent around 1% of the total customer base.The leadership at SMF views this as an inflection point—a critical moment to accelerate India's transition from a savings-led economy to one driven by serious...

Record Seafood Exports Boost Blue Economy as India Unlocks Vast Potential of High Seas Fisheries The Department of Fisheries, Government of India, successfully hosted the National Launch of the Letter of Authorisation (LoA) for Sustainable Harnessing of Fisheries in the High Seas on July 9, 2026. The event saw Hon'ble Vice President Shri C. P. Radhakrishnan launch the critical LoA and the Odisha Deep Sea Mission Document in Bhubaneswar. This initiative marks a significant transition for India’s marine sector, promising to unlock vast economic potential through regulated high-seas fishing operations.The launch, attended by Union Ministers including Shri Rajiv Ranjan Singh and Dharmendra Pradhan, along with Hon'ble Governor of Odisha...

BirlaNu Announces 79th AGM and Declares Final Dividend on Record Date of July 30, 2026 BirlaNu Limited announced that its 79th Annual General Meeting (AGM) will be held on August 6, 2026. Furthermore, the company specified key details regarding the final dividend for the financial year ended March 31, 2026, including the record date and payment timeline.The AGM is scheduled to take place on Thursday, August 6, 2026, at 3:00 PM IST. Shareholders will be able to attend via Video Conferencing (VC) or other Audio Visual Means (OAVM).Regarding the financial payout, the Board of Directors approved a final dividend of Rs. 15/- per equity share for the financial year ended March 31, 2026. This amount represents 150% of the face value of Rs...

SBI Funds Management IPO to Surge on July 21: Explore Massive Gains for Promoters in OFS Listing SBI Funds Management Ltd is poised for a significant market debut as it sets to list its shares on stock exchanges on July 21. The offering, valued at Rs 11,692.91-crore, is entirely structured as an Offer for Sale (OFS). This IPO provides a prime opportunity for the existing stakeholders and promoters of the mutual fund entity.IPO Details and Timeline Breakdown The initial public offering has fixed a price band ranging from Rs 545 to Rs 574 per share. The OFS involves both Promoters, State Bank of India (SBI) and Amundi India Holding, who will collectively offload a 10 percent stake in the entity.Amundi confirmed that up to 6.3% of...

Leela Unveils The Leela Coorg Forest Sanctuary: A New Expression of True Indian Luxury Leela Palaces, Hotels and Resorts, India's leading pure-play luxury hospitality brand, has unveiled its newly reimagined property in Coorg as The Leela Coorg Forest Sanctuary. This new identity positions the retreat as a destination deeply rooted in the spirit of the Western Ghats, blending ancient forest settings with transformative wellbeing and authentic Indian hospitality.The sanctuary is situated amidst 76 acres of pristine natural landscape, featuring ancient forests and coffee plantations. Reflecting The Leela’s commitment to place-based experiences, the property was designed in harmony with its environment, drawing inspiration from Kodava...

CEBPL Issues CCPS to NH Investment Co for Strategic Capital Infusion Worth ₹899 Crores A material subsidiary of Choice International Limited, Choice Equity Broking Private Limited (CEBPL), has entered into a strategic investment deal involving the issuance of Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. The infusion of capital is intended to strengthen CEBPL's financial position and support its ongoing growth plans in the broking and distribution business.The agreement was signed on July 09, 2026, between Choice International Limited, CEBPL, and the Investor, NH Investment & Securities Co., Ltd. The deal involves offering and allotting 42,25,350 CCPS to the Investor at a subscription price...

Rbm Infracon Limited Shifts Corporate Office in Jamnagar Rbm Infracon Limited has completed the shift of its corporate office. The company confirmed that the move is effective immediately following the decision made by the Board of Directors on Thursday, July 09, 2026.The change pertains exclusively to the Company's Corporate Office address. Rbm Infracon Limited clarified that the Registered Office of the company remains at its existing location as recorded with the Registrar of Companies.Details regarding the relocation are as follows:CategoryAddress DetailsPrevious Corporate OfficeShop No. 2 & 3, Snehdeep Residency, Near Di Jamnagar, Gujarat - 361006, India.New Corporate Office1st Floor, Ravi Plaza, Nilkanth Park...

BPL Limited's Matter Before NCLT Dismissed; Company Reports No Financial Impact BPL Limited has received a favorable ruling following the National Company Law Tribunal (NCLT) dismissal of an application filed by an unsecured creditor. The resolution pertains to a payment obligation stemming from an order previously obtained by another unsecured creditor from the Supreme Court of India.The legal action, which originated with Morgan Securities Private Limited, involved an application submitted under sections 7 and 9 of the IBC to the NCLT in Kochi. BPL Limited confirmed that the matter was dismissed on July 8, 2026.The original dispute concerned a payment required toward an order issued by an unsecured creditor from the division bench...

Birla Corporation Sets Record Dates for Dividend Payout and Annual General Meeting Birla Corporation Limited has announced key dates related to dividend eligibility and voting rights ahead of its upcoming Annual General Meeting (AGM). The company designated July 24, 2026, as the Record Date for shareholders eligible to receive a dividend for the financial year 2025-26.The Ordinary Shares (Scrip Code: 500335; Symbol: BIRLACORPN) with a Paid-up Value of ₹10/- each are linked to this event. The company stated that a dividend of ₹12.50 per share, representing 125%, is planned for these shareholders, subject to approval by the Members at the AGM.The Annual General Meeting has been scheduled for August 1, 2026. To determine which members...

Galaxy Surfactants Set July 31, 2026 As Record Date For Potential FY2025-26 Dividend Galaxy Surfactants Limited has announced the record date for the final dividend pertaining to the financial year 2025-26. The company stated that should the dividend be approved at its upcoming Annual General Meeting (AGM), employees and shareholders holding stock as of the specified date will be eligible.The record date for the purpose of payment of the final dividend for FY 2025-26 has been set as Friday, July 31, 2026.This announcement comes ahead of the scheduled AGM, during which the dividend is expected to be discussed and potentially ratified. The 40th AGM of Galaxy Surfactants Limited is slated to be held on Wednesday, August 12, 2026...

HDB Financial Services Allots Rs 30 Crore in Secured NonConvertible Debentures via Private Placement HDB Financial Services Ltd has completed the allotment of 30,00,00,000/- worth of Secured Redeemable NonConvertible Debentures (NCDs) through a private placement process. The company's Debenture Allotment Committee made the decision on July 9, 2026.The NCDs were allotted across two tranches: one representing a fresh issuance and another involving a re-issuance, all structured for listing in the Wholesale Debt Market Segment of BSE Limited.FeatureFresh IssuanceRe-IssuanceNCD Size10,000 NCDs20,000 NCDsTotal AggregationRs 100,00,00,000/-Rs 200,00,00,000/-ISININE756I07FS0INE756I07FJ9Tenure3648 Days757 DaysAllotment...

TIL Limited Approves Fully Paid Share Allotment Post Rights Issue Closure; Reminders Issued to Pending Shareholders TIL Limited has approved the allotment of fully paid up shares to eligible shareholders following the closure of the call money period pertaining to a rights issue that was launched on April 9, 2026.The company confirmed that upon the close of the call money period on July 3, 2026, TIL Limited received the first and final call money from all eligible shareholders. Following reconciliation of these funds, the Rights Issue Committee of the Board of Directors, at a meeting held on July 9, 2026, approved the allotment of fully paid up shares to the designated investors.In addition to finalizing the allotment for eligible...

Alok Industries Ltd Announces Board Meeting to Approve Q1 Financial Results Alok Industries Ltd has scheduled a meeting of its Board of Directors. The board meeting is set to be held on Thursday, July 16, 2026.The primary agenda item for the meeting is to consider and approve the Standalone and Consolidated Unaudited Financial Results of the company. These results pertain to the quarter ended June 30, 2026.ALOKINDS Stock Price Movement As of 1:24 PM, shares of Alok Industries Limited are edging higher to ₹12.49 in live trading, gaining 0.73% as the stock moves strongly. Today’s brisk activity includes over 2.15 million shares traded for the textiles company.

Ramdevbaba Solvent Limited Allots 11,37,600 Equity Shares Following Convertible Warrant Conversion Ramdevbaba Solvent Limited has announced that its Board of Directors approved the conversion and allotment of 11,37,600 fully paid-up equity shares following a meeting held on July 09, 2026. This move pertains to the preferential allotment of Fully Convertible Warrants previously issued to the company's Promoters.The company had previously informed relevant parties regarding the issue and allotment of 11,37,600 Fully Convertible Warrants to the Promoters. Each warrant was convertible into one fully paid-up Equity Share with a face value of Rs. 10/-. The warrants were issued at an issue price (including subscription and exercise) of Rs...

Unitech International Ltd Committee of Creditors Conducts 8th Meeting, Ratifies RP Expenses The Committee of Creditors (CoC) of Unitech International Limited concluded its 8th meeting concerning the Corporate Insolvency Resolution Process (CIRP). The deliberation session was conducted on Wednesday, April 22, 2026, through Video Conferencing.During the meeting, the Committee reviewed and deliberated upon various resolutions proposed by the Resolution Professional (RP). The outcomes of the voting results for the agenda items were recorded as follows:S.noAgenda ItemAction Taken1To consider and discuss the appointment of legal counsel for CIRP proceedings.The resolution was put to vote and was rejected by the Committee of...

Marico Releases Business Responsibility and Sustainability Report for FY2025-26 Marico Ltd has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, which outlines the company's commitment to ESG integration across its operations and value chain. The report details progress towards Marico’s ESG 2030 Roadmap, emphasizing a shift from commitment-driven actions to outcome-oriented delivery with sharper accountability.The BRSR was independently assured by Bureau Veritas (India) Private Limited for the BRSR Core disclosures.Key ESG Performance Highlights Marico’s sustainability efforts are guided by eight strategic pillars: Climate change, Water Stewardship, Circular economy, Responsible...

Shailesh Vagerwal Assumes Charge as Chairman and Managing Director of Bharat Dynamics Limited Shri Shailesh Vagerwal has assumed charge as the Chairman and Managing Director (CMD) of Bharat Dynamics Limited (BDL). As a distinguished officer of the Indian Ordnance Factories Service (IOFS), Shri Vagerwal brings extensive experience from nearly three decades in the defence manufacturing sector.The appointment comes after he took charge on July 9, 2026. Shri Vagerwal holds a Bachelor of Engineering degree in Mechanical Engineering from MBM Engineering College, Jodhpur. He further holds a Master of Science degree in Explosive Ordnance Engineering from Cranfield University, United Kingdom.During his illustrious career within defence...

Equity Turmoil: Sensex and Nifty Pause Gains Amid Profit Booking and Geopolitical Jitters Indian Markets Show Mixed Performance Despite Early Rally Equity benchmarks Sensex and Nifty registered a mixed session on July 9 as profit booking weighed on gains achieved earlier in the day. While neither index experienced a downturn, the market activity reflected caution among investors following significant international developments.At approximately 12:43 pm, the Sensex stood at 76,926.10, recording a rise of 422.50 points or 0.55%. The Nifty mirrored this sentiment, trading at 24,022.10, which represented an advance of 140.05 points or 0.59%.In terms of stock movement within the indices, about 2,708 shares advanced while 1,000 shares...