Markets

SpaceX Posts Massive Revenue Surge as First Quarterly Loss Is Less Than Wall Street Expected SpaceX, the rocket, satellite communications, and AI company helmed by Elon Musk, reported mixed results in its inaugural quarterly filing as a public entity. The company posted a loss of USD 541 million over the three months ending June, which was less severe than anticipated by financial analysts. However, revenue soared dramatically to USD 7.8 billion, marking an increase of more than 90 per cent from the preceding year period.Financial Performance and Market Reaction The stellar revenue jump highlights the significant growth in SpaceX's various divisions globally. The loss reported for the quarter amounted to 9 cents per share, surpassing...

Addictive Learning Technology Submits Application for Promoter Reclassification of Mr. Sudeep Deb Addictive Learning Technology Limited has submitted an application concerning the reclassification of Mr. Sudeep Deb, moving him from the 'Promoter Group' category to 'Public'.The submission follows suggestions received from the National Stock Exchange regarding this specific reclassification request.According to company records, the Board of Directors has not approved the suggested reclassification of Mr. Sudeep Deb. Furthermore, management stated that the reclassification request does not meet the requirements outlined under Regulation 31A(3)(b).Despite these internal conditions, Addictive Learning Technology Limited has proceeded...

Vaibhav Global Declares Interim Dividend and Announces Q3 Results; Eyes Strategic Growth with New Auditor Appointment Vaibhav Global Limited has announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company also declared an interim dividend and appointed Ernst & Young LLP as an internal auditor for the next two financial years.The Board of Directors held a meeting on August 4, 2026, where it reviewed and approved the results. Alongside the financial declarations, the company confirmed key corporate actions regarding shareholder benefits and governance structure.Financial Performance Highlights (Q3 FY 2026) The consolidated and standalone results reflect various operational...

IndusInd Bank Appoints Executives as Directors Following RBI Approval for Three Years IndusInd Bank Limited has successfully secured approval from the Reserve Bank of India (RBI) for the appointment of Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy as Executive Directors (Whole-time Directors). The Board of Directors of the bank noted this regulatory approval on August 4, 2026.The appointments establish both executives in crucial roles within the institution. Mr. Ganesh Sankaran is designated as the Head of Wholesale Banking Group, while Mr. Jagdeep Mallareddy serves as the Head of Consumer Banking. These positions are set to serve for a period of three years.Effective from August 4, 2026, the appointment period for both executives...

Nectar Lifesciences Sells Narbada Industries Assets to Shree Balaji Cold Chain & Storage Services Nectar Lifesciences Limited has completed the sale and surrender of leasehold rights in land, along with associated structures, pertaining to its wholly owned unit, Narbada Industries. The transaction was finalized with M/s Shree Balaji Cold Chain & Storage Services.The company sold the leasehold rights for a consideration of INR 9,60,00,000/- (Indian Rupees Nine Crore Sixty Lakhs only). Additionally, plant and machinery located at the premises were sold to the Purchaser for INR 1,62,00,000/- (Indian Rupees One Crore Sixty-Two Lakhs only), plus applicable taxes.The assets being sold represent a non-core business unit, as Narbada...

Vilas Transcore Reports Q1FY27 Results: Revenue Rises 18% as CRGO Volume Climbs 41% Vilas Transcore Limited (NSE: VILAS), a manufacturer of essential components for power transmission and distribution, has reported its business update for the first quarter of FY2026-27 ended on June 30, 2026. The company maintained a growth trajectory during the quarter, even while facing a decline in CRGO prices.The overall financial performance showed strong top-line growth. Net revenue increased by 18.2% year-over-year (YoY), reaching Rs 132.4 Cr. This increase was noted despite a reduction of approximately 20% in CRGO prices, which stabilized around Rs 190 to Rs 195 per kg during the period.Vilas Transcore is strategically focused on expanding...

BIL Vyapar Limited Changes Statutory Auditor as Committee of Creditors Approves Appointment BIL VYAPAR LIMITED (formerly Binani Industries Limited) has finalized changes to its statutory auditor following a meeting of the Committee of Creditors. The Committee accepted the resignation of the current Statutory Auditor, effective August 04, 2026. Subsequently, RNM & Associates, Chartered Accountants, has been appointed as the new Statutory Auditor, pending approval by the Members at the forthcoming Annual General Meeting.The previous auditor resigned from the company due to pre-occupation with other professional commitments. The appointment of RNM & Associates is set for August 04, 2026, and subject to the formal ratification by...

Sanofi India Posts Strong Q2 2026 Results Driven by Diabetes Portfolio Growth and Profitability Gains Sanofi India Limited announced financial results for the quarter ended June 30, 2026, demonstrating strong performance led by its diabetes portfolio. The company reported domestic net sales growth of 8%, while total net sales grew by 6% compared to the second quarter of 2025.The quarterly results reflected improved profitability and operational efficiency across the business segments. Profits before tax and exceptional items increased by 19%, reaching INR 112 crores, up from INR 94 crores in Q2 2025. The profit before tax as a percentage of net sales also saw an improvement, rising to 27% in Q2 2026, compared to 24% in Q2 2025.The...

Greenleaf Envirotech Secures Rs 23.61 Crore Work Order for Sewerage Infrastructure Project Greenleaf Envirotech Limited has received a significant work order from M/s Malvika Technical Services, totaling Rs 23.61 Crores. The contract involves executing a comprehensive sewerage infrastructure project, providing the company with a substantial operational commitment spanning 12 months.The domestic work order is for Greenleaf Envirotech and covers various aspects of the sewage treatment and network development. According to details provided by the company, the contract value of Rs 23.61 Crores includes all applicable taxes, duties, royalties, transportation, insurance, testing charges, statutory compliances, and incidental expenses.The...

Vindhya Telelinks Approves Appointment and Reappointment of Non-Executive Independent Directors at Annual General Meeting Vindhya Telelinks Limited confirmed the appointment and re-appointment of two key individuals as Non-Executive Independent Directors (NEDs) during its 43rd Annual General Meeting (AGM), which was held on August 3, 2026. The company made provisions for both directors regarding their respective terms of service.Shri Pandanda Kariappa Madappa was appointed as a Non-Executive Independent Director for a first term of five consecutive years, effective from May 23, 2026, until May 22, 2031. Shri Priya Shankar Dasgupta received re-appointment as a Non-Executive Independent Director for a second term of five consecutive...

Viviana Power Tech Announces Strategic Disinvestment of Subsidiary Holdings and Shares Q2 Financial Results Viviana Power Tech Limited has announced plans for a significant strategic restructuring, detailing the proposed disinvestment of its entire stake in two subsidiaries: Aarsh Transformers Private Limited and Viviana Life Spaces Private Limited. The company also released its unaudited financial results for the quarter ended June 30, 2026, across both standalone and consolidated segments.The Board of Directors approved the proposal to divest these stakes to realign the company’s business portfolio. Regarding Viviana Life Spaces Private Limited, the disinvestment is intended to move away from non-core real estate business into core...

Metropolis Healthcare Reports Q2 Financial Results; External Quality Services Business Transfer Faces Delay Metropolis Healthcare Limited has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also confirmed updates regarding ongoing business transfers, acquisitions, and employee incentive plans.The Board of Directors approved the financial results, which were noted alongside a limited review report issued by Statutory Auditors.Standalone Financial Performance Highlights (Q2 FY26) Metropolis Healthcare Ltd.'s standalone performance for the quarter ended June 30, 2026, showed key figures across various periods.The following table provides a detailed overview of the...

Rashi Peripherals Forms Joint Venture with Restar Corporation to Scale Semiconductor and Embedded Solutions Mumbai, August 04, 2026: Rashi Peripherals Limited (RP tech), a leading national distribution partner for global technology brands in India, has entered into a joint venture (JV) with Restar Corporation, a prominent Japanese electronics and technology company. This strategic partnership aims to significantly strengthen RP tech's semiconductor and embedded solutions business through localized expertise and expanded market reach.As part of the transaction, Rashi Peripherals will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru. A step down subsidiary will also be established in...

NHPC Reports Q1 Financial Results: Standalone and Consolidated Income figures disclosed for Quarter Ended June 30, 2026 NHPC Limited announced its un-audited financial results for the quarter ended June 30, 2026, following a meeting of the Board of Directors held on August 4, 2026. The company reported both standalone and consolidated figures detailing revenue, expenses, and profitability across the period.Standalone Financial Performance Summary The un-audited standalone financial results showed key operational metrics for NHPC Limited during the quarter ended June 30, 2026. Revenue from Operations was recorded at 3,537.04 crore. The company reported a Total Income of 3,742.31 crore, against Total Expenses amounting to 2,551.33...

ONGC Reports Q1 Results: Net Profit Jumps 112% to ₹ 17,034 Crore Amid Robust Investments Oil & Natural Gas Corporation Limited (ONGC) announced strong financial results for the first quarter of FY'27, reporting a robust net profit increase of 112%. Standalone Gross Revenue reached ₹ 46,460 crore in Q1. The company also highlighted its aggressive capital investment program aimed at unlocking production growth in Western Offshore and accelerated offshore exploration activities.The results reflected the significant performance of ONGC's core operations alongside various strategic projects, including the spudding of a deepwater well under the Samudra Manthan scheme.Financial Performance Snapshot (Standalone) ONGC reported substantial...

Meesho Limited Makes Additional Investment in Grocery Subsidiary via Rights Issue Meesho Limited has announced an additional investment in its wholly owned subsidiary, Meesho Grocery Private Limited (MGPL), through a rights issue of equity shares. The transaction involves the subscription of 7,10,22,727 fully paid-up equity shares of MGPL.The investment was completed at a total cost of Rs. 74,99,99,997.12. These shares have a face value of Rs. 10/- each and were acquired at a premium of Rs. 0.56/- per share. Following this transaction, Meesho Limited maintains a 100% shareholding in MGPL, ensuring that the grocery entity remains a wholly owned subsidiary.The infusion of funds by Meesho Limited into MGPL is intended to support the...

Pondy Oxides & Chemicals Sets Record Date for AGM and Dividend; Announces Book Closure Period Pondy Oxides and Chemicals Limited has announced key dates related to its upcoming 31st Annual General Meeting (AGM) and dividend declaration. The Board of Directors, in a meeting held on August 4, 2026, fixed the record date for the specified purposes.The company established Tuesday, September 15, 2026, as the record date for determining eligibility concerning both the 31st Annual General Meeting and the dividend payment.In addition to the record date, Pondy Oxides and Chemicals Limited provided details regarding the closure period of its Register of Members and Share Transfer Books. The books will remain closed for seven days, commencing...

Jay Bharat Maruti Limited Announces Q1 Results and Reconstitution of Key Board Committees Jay Bharat Maruti Limited released its unaudited financial results for the First Quarter ended June 30, 2026. The company also announced changes to the composition of several key committees of its Board of Directors effective August 4, 2026.The consolidated financial statements were reviewed by M/s GSA & Associates LLP and approved by the company's Board of Directors.Financial Performance Highlights (Q1 FY2026) For the quarter ended June 30, 2026, Jay Bharat Maruti Limited reported key figures across its operations.A summary of the consolidated results is provided in the table below:MetricQ1 Ended June 30, 2026 (Consolidated)Revenue...

Timken India Releases Q2 2026 Unaudited Results; Reports Management Changes and Subsidiary Acquisition Timken India Limited announced the unaudited financial results for the quarter ended June 30, 2026. The company also confirmed organizational changes within its senior management and provided updates on the acquisition of Timken GGB Technology Private Limited. The Board meeting approving these outcomes was held on August 4, 2026.The unaudited results, which include both standalone and consolidated figures, have been subjected to a limited review by Deloitte Haskins & Sells LLP, the statutory auditor of the Company, who provided an unmodified opinion on the financial statements.Financial Performance Overview The company reported...

PTC India Announces Interim Dividend and Reports Quarterly Financial Results PTC India Limited has announced its interim dividend for the financial year 2026-27 following the approval of the un-audited quarterly results. The company also released its unaudited standalone and consolidated financial performance metrics for the quarter ended June 30, 2026.The Board of Directors meeting held on August 4, 2026, approved the interim dividend at a rate of 230% (Rs. 23 per equity share of Rs. 10 each). The company set the Record Date for ascertaining members entitled to receive the Interim Dividend as August 10, 2026.Financial Performance Highlights PTC India Limited reported its unaudited standalone financial results reflecting a net...