Markets

Apex Equity Fund Unleashes Short Exposure: How Specialized SIF is Targeting Ex-Top 100 for Premium Gains The financial landscape witnessed a significant product launch today as SEBI's specialized investment fund, the Apex Equity Ex-Top 100 Long-Short Fund, was released. This newly introduced open-ended scheme positions itself at the forefront of specialized equity investing by targeting companies outside the top hundred market capitalization leaders. The strategy is designed for investors seeking capital appreciation over a long term who are comfortable with high levels of market volatility and sophisticated risk exposure.The fund operates as an aggressive hybrid model, committing substantial resources to both stock ownership and...

IFB Agro Industries Sets Dates for 44th AGM and Announces Register Book Closure IFB Agro Industries Limited has announced critical dates related to its 44th Annual General Meeting (AGM) of the company. The event pertains to the financial year 2025-2026.The cut-off date set for the 44th Annual General Meeting is July 22, 2026. This deadline relates to matters concerning the AGM.For shareholders and members, the Register of Members and Share Transfer Books of IFB Agro Industries Limited will remain closed from July 23, 2026, through July 29, 2026. The company has specified that these dates are inclusive for book closure purposes.The 44th Annual General Meeting is scheduled to be held on July 29, 2026, at which members can attend...

United Drilling Tools Secures Repeat Export Order from Russian Company Trident East Limited United Drilling Tools Ltd. has secured a repeat export order from M/s Trident East Limited of Russia for specialized equipment used in the Oil and Gas Industry. The contract pertains to the supply of 'Puma Connector' along with associated accessories, marking a significant international commercial achievement for the oil drilling equipment manufacturer.The order was placed by the international entity, Trident East Limited, and is valued at an estimated INR 93,07,245/-. This repeat business contract includes supplying the specified product suite within a timeframe of five to six months.The transaction details highlight that the order is purely...

ABSLAMC Launches Apex Equity Long-Short Fund to Capture Market Alpha and Mitigate Downside Risk Apex Equity Long-Short Fund: An Overview of the New Offering Aditya Birla Sun Life Mutual Fund (ABSLAMC) has officially introduced the Apex Equity Long-Short Fund, a specialized open-ended investment strategy. This fund is designed for discerning investors seeking long-term capital appreciation by investing in a diversified portfolio of listed equity and related instruments. The strategy incorporates limited short exposure through derivative instruments to enhance risk-adjusted returns.The fund aims to generate superior performance while navigating market volatility. The investment universe includes domestic equities, debt/money market...

Regulatory Overhang Lifted: Piramal Shares Jump After US FDA Seals Sellersville Facility Inspection Shares of Piramal Pharma surged in Thursday's trade after the company announced that the US Food and Drug Administration (US FDA) has successfully concluded the inspection of its manufacturing facility in Sellersville, Pennsylvania. The regulatory milestone provided a significant boost to investor sentiment following months of uncertainty regarding the site's status.The stock climbed as high as 3.3% reaching Rs 173.59 on the BSE following the positive development. In an exchange filing, Piramal Pharma confirmed that the US FDA has issued an Establishment Inspection Report (EIR) for the facility. The company stated that this issuance...

Westlife Foodworld Ltd to Hold Board Meeting to Discuss Q1 2026 Results Westlife Foodworld Limited has scheduled a meeting of its Board of Directors to review the company’s unaudited financial performance for the quarter ending June 30, 2026.The board meeting is set to take place on Thursday, July 30, 2026. The primary agenda item for the meeting includes considering the unaudited financial results of Westlife Foodworld Limited for the specified quarter.WESTLIFE Stock Price Movement As of 12:00 PM, shares of WESTLIFE FOODWORLD LIMITED are slipping by 0.44% in live trading, currently trading at ₹501.50. The stock has seen brisk activity today, with a total traded volume of 7,089 shares.

Independent Directors Resign from Naapbooks Ltd Due to Professional CommitmentsNaapbooks Limited has seen the departure of two independent directors, Mr. Sunit Shah and Ms. Puja Kasera, effective July 08, 2026. The resignations were tendered citing increased professional commitments and preoccupations, stating that they are unable to dedicate the requisite time and attention needed for their duties.Both directors had been appointed with a scheduled tenure concluding on September 12, 2026.The resignation of Mr. Sunit Shah was formalized due to the demands arising from his personal business ventures, advisory assignments, and other professional commitments. As per records detailing his prior involvement within the company's...

Mirae Asset Unleashes 30-Year Life Cycle Fund, Tailoring Glide Path for Long-Term Goal-Based Investing Mirae Asset Mutual Fund has introduced a landmark product designed specifically for generational wealth creation: the Mirae Asset Life Cycle Fund 2056. This open-ended fund is characterized by a pre-determined maturity and a disciplined 'glide path,' allowing investors to align investment risk with their long-term financial goals over three decades.The fund's unique structure means that it actively manages the transition from high-risk growth stages in early years to capital preservation near its designated maturity date. This systematic de-risking process ensures that the investor's portfolio remains dynamically suited to their...

Adani Energy Solutions Receives Ratings from ICRA for Various Instruments Adani Energy Solutions Ltd has received credit ratings from ICRA Limited regarding its various financial instruments, according to details released on July 9, 2026. The ratings cover funds-based and non-funds based limits, commercial paper (CP), and Non-convertible debentures (NCDs).The assessment by ICRA provided specific ratings across multiple instrument categories for the company.The assigned and reaffirmed ratings are detailed in the table below:InstrumentsRating SymbolRating actionLong term/Short term - Fund based/Non-fund based limits[ICRA]AA+ (Stable); reaffirmed and assigned for enhanced amount; [ICRA]A1+ assignedreaffirmed and assignedShort...

Balrampur Chini Mills Hosts 'Bioyug On Wheels' in Rajkot, Showcasing Sustainable PLA Alternatives Balrampur Chini Mills Ltd (BCML) successfully conducted its 'Bioyug on Wheels' campaign in Rajkot, Gujarat, promoting the use of bio-based materials and encouraging conversations around sustainable alternatives to conventional plastics. The interactive awareness initiative was held at Shyama Prasad Mukherjee Art Gallery grounds near Racecourse in Rajkot on July 9, 2026.The mobile campaign focused on demonstrating how compostable bioplastics, made from sugarcane, can serve as a practical alternative for daily life. Visitors participated in live demonstrations and explored products manufactured using PLA (polylactic acid) bioplastics. The...

Virtual Galaxy Infotech Secures TECHNOVITI 2026 Award for AI-Powered Cybersecurity Platform 'Cyber Sentinel' Virtual Galaxy Infotech Limited (VGIL), a prominent technology company based in Nagpur, has received the prestigious TECHNOVITI Awards 2026. The recognition honors its flagship product, Cyber Sentinel, an advanced AI-powered cybersecurity platform developed for the financial services and e-governance sectors.The award, presented at the 13th Edition of the TECHNOVITI Awards organized by Banking Frontiers, acknowledges innovations crucial to the advancement of technology across banking and financial services ecosystems in India. This honor reinforces VGIL's established leadership in Artificial Intelligence (AI), Cybersecurity...

Hexaware Appoints Srinivasan Panchapakesan as Chief Platform Officer to Drive AI-Native Services Hexaware Technologies, a global provider of IT solutions and services, has appointed Srinivasan Panchapakesan as President and Chief Platform Officer. This newly created role is effective immediately and central to Hexaware's platform-led strategy as the company focuses on guiding enterprises through the AI era.Srinivasan will be responsible for leading the development, integration, and scaling of Hexaware's comprehensive platform portfolio. His mandate includes overseeing the roadmap, governance, and enterprise scale adoption of these unified platforms.The technology offering is being consolidated under a single shared foundation of...

Strategic Partnership Surges: India, Australia Seal Defence Corridor and Critical Mineral Pacts in Global Summit The summit between Prime Minister [Name] and his Australian counterpart saw a profound reinforcement of bilateral ties. The two nations, identified as vibrant democracies and critical ocean powers, reaffirmed their shared aspirations for the Indo-Pacific region. This joint commitment signifies an accelerated push toward comprehensive strategic alignment across defense, technology, and climate action.Deepening Economic Ties with Comprehensive Agreements Moving beyond existing frameworks, both countries committed to elevating their commercial relationship through new commitments. The bilateral parties agreed to expedite...

Kalyan Jewellers Stock Soars Past Upper Circuit as Citi Reaffirms Buy, Targets Double Earnings Shares of Kalyan Jewellers India witnessed a significant surge on Thursday, surging nearly 18 percent in intraday trade. This move extended the company's impressive gains over two sessions to approximately 24 percent. The stock breached several upper circuits after Citigroup reiterated its bullish stance and projected that the shares could more than double from its current levels.The sharp rally saw the stock climb up to an intraday high of Rs 440, maintaining momentum generated by brokerage support. On Wednesday, investors benefited as Citi reaffirmed its Buy rating and set a target price of Rs 750 per share. The analyst's long-term target...

Subsidiary of Kothari Group Launches State-of-the-Art Footwear Manufacturing Facility in Tamil NaduKothari Industrial Corporation Ltd has announced that its associate company, Phoenix Kothari Footwear Private Limited, is establishing a major manufacturing facility through its subsidiary. Evervan Kothari Footwear Private Limited is setting up a state-of-the-art production unit located in Karur, Tamil Nadu. The new facility will be dedicated to the manufacture of Adidas footwear.The establishment of this advanced manufacturing base marks a significant milestone for the group's operations. The ceremony marking the groundbreaking of the proposed facility has been scheduled for July 10, 2026.The Ground Breaking Ceremony is set to be...

RBI Launches Massive Underwriting Auction for ₹32,000 Crore in Government Securities on July 10 The Reserve Bank of India (RBI) has announced a significant underwriting auction aimed at the sale and re-issue of various Government Securities (GS). Scheduled for Friday, July 10, 2026, this auction is set to mobilize market commitment commitments totaling ₹32,000 crore across two specific security tranches.The issuance underscores the RBI’s continued role in managing government debt and ensuring stability in the financial markets. Primary Dealers (PDs) are required to participate under established underwriting commitment schemes detailed by the central bank.Auction Details and Commitment Mechanisms In alignment with the existing scheme...

MAS Financial Services Ltd Allots INR 250 Crore Worth of Senior Secured Debentures in Private Placement MAS Financial Services Limited has successfully allotted 25,000 rated debentures through a private placement. The securities, which are senior and secured, have an aggregate nominal value of INR 250,00,00,000 (Indian Rupees Two Hundred and Fifty Crore).The allotment, finalized by the company's Finance Committee on July 9, 2026, relates to non-convertible debentures denominated in Indian Rupees. These instruments carry a face value of INR 1,00,000 each. The debentures are designated for listing on the Wholesale Debt Market segment of BSE Limited.The debt instrument received a rating of "CARE AA-/Stable" from CARE Ratings Limited...

Tata Capital Announces Board Meeting to Approve Q1 Financial Results; Trading Window Closed Tata Capital Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The board meeting is set to take place on Tuesday, July 28, 2026.The company also provided an update regarding insider trading procedures, announcing that the trading window for its securities has been closed for Designated Persons and their Related Persons. This closure commenced on Tuesday, June 23, 2026.The trading restriction will remain in effect until 48 hours following the declaration of the financial results. The Board meeting is scheduled...

Great Eastern Shipping Company Leaders in Decarbonization with Fleet Efficiency Initiatives Great Eastern Shipping Company Limited, a player in the marine transport sector, has showcased significant operational improvements in sustainability during the financial year 2025-26. The company demonstrated its commitment to environmental stewardship through aggressive decarbonization strategies and advanced fleet modernization projects while maintaining robust international operations.The shipping firm specializes in the transportation and storage of goods by water transport. Its core business activity, accounting for 82.78% of turnover, is focused on shipping services. Great Eastern serves both national and international markets, with...

HEC Infra Projects Limited Wins Rs 18.67 Crore Order for FGD System EPC Work HEC Infra Projects Limited has secured a contract valued at Rs 18.67 crores from M/S Engineering Projects (India) Limited. The order involves comprehensive work covering the Design, engineering, supply, erection, testing, and commissioning of an HT/LT package in EPC mode.The project relates to the supply and installation, testing, and commissioning of a Flue Gas Desulfurization (FGD) system for a 1*500 MW unit at 6 Ukai TPS. The contract is domestic, confirming HEC Infra's involvement in critical power infrastructure development.This project has been awarded a timeline of 10 months for execution.Project and Contract Details The details of the award...