Markets

ICICI Prudential Life Insurance Partially Wins Tax Appeal, Faces Upholding of Tax Demand for FY2018 to FY2020 ICICI Prudential Life Insurance Company Limited has received an order concerning a tax demand related to the Tamil Nadu Goods and Service Tax Act (TNGST Act). The appeal petition filed by the company against the initial assessment has been partially allowed, while the tax demand has been partially upheld.The order was issued by the Commissioner (Appeals-I), and the company received the communication on August 3, 2026. This matter pertains to an initial order passed under Section 73 of the TNGST Act by the Additional Commissioner, Tamil Nadu, covering financial years FY2018 to FY2020.The dispute involves several issues...

Hindustan Foods Limited Releases Quarterly Results, Highlights Strategic Acquisition and Operational Challenges Hindustan Foods Limited (HFL) announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company's results show significant revenue generation across the group, even as it grapples with operational disruptions at one of its facilities.The Board of Directors reviewed the financial statements in a meeting held on August 4, 2026. The unaudited results were approved and reflect continued business operations despite recent strategic acquisitions and unforeseen events.Group Financial Performance (Consolidated) The consolidated figures for HFL show robust operational income. For...

ASK Automotive Releases Q1 Financial Results; Board Approves New Internal Auditor Appointment ASK Automotive Limited has announced its Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 4, 2026, along with the appointment of M/s Ernst & Young LLP as an Internal Auditor for the Financial Year 2026-27.The Board decision included approving the financial performance data alongside the Limited Review Report provided by the company's Statutory Auditors.Appointment of Internal Auditor In a key operational update, the Board approved the appointment of M/s Ernst & Young LLP as an Internal Auditor for ASK...

Jtekt India Limited Faces Show Cause Notice Over MEIS Duty Credit RecoveryJtekt India Limited has received a Show Cause Notice from the Office of the Additional Director General of Foreign Trade, CLA Delhi. This notice relates to a demand for the recovery of MEIS duty credit scrips amounting to Rs. 622.39.The department confirmed the recovery demand after determining that an excess MEIS benefit had been sanctioned. This situation arose due to the incorrect adoption of foreign exchange rates when converting the FOB value into Indian Rupees, resulting in the benefit exceeding what was admissible under the Foreign Trade Policy, 2015-20 and the Handbook of Procedures.The receipt of this communication was confirmed on August 4, 2026...

Bharti Hexacom Reports Strong Q1 Performance with Revenue Growth and Network Enhancements Bharti Hexacom Limited reported robust results for the first quarter (Q1) ended June 30, 2026, marked by significant growth in revenue, operational efficiency, and strategic network deployments. The company showcased advancements in premium services while maintaining reliable connectivity across remote regions of India.The quarterly performance indicated continued progress in market share capture and cost management. Total revenues for the quarter stood at Rs 25,099 Mn, registering a 10.9% year-over-year (YoY) increase compared to the corresponding period last year. The company recorded EBITDA of Rs 13,749 Mn, reflecting a 13.0% YoY rise, which...

Pro-Rata Rule Breach: SEBI Issues Settlement Order as Modulus Alternatives Investment Managers Rectifies AIF Compliance Violation The Securities and Exchange Board of India (SEBI) has released a formal Settlement Order concerning Modulus Alternatives Investment Managers Limited. The order addresses an alleged violation regarding the maintenance of pro-rata continuing interest under the regulations governing Alternative Investment Funds (AIF).The settlement proceedings were initiated after SEBI examined the Quarterly Activity Reports of India Credit Opportunities Fund II, which is managed by Modulus Alternatives Investment Managers Limited. This move underscores regulatory vigilance concerning internal fund governance and capital...

North Eastern Carrying Corporation Reappoints Key Management Personnel for Five-Year Terms North Eastern Carrying Corporation Limited has announced the re-appointment of two key executives for continued roles within the management structure of the company. The appointments, which are subject to shareholder approval at the Annual General Meeting (AGM), extend their tenures for five consecutive years.Mr. Sunil Kumar Jain has been re-appointed as Chairman and Managing Director of North Eastern Carrying Corporation Limited. This decision follows a review by the Board of Directors and comes with terms previously established by the Nomination and Remuneration Committee. Mr. Jain's reappointment is set to commence on October 01, 2026, and...

Creative Newtech Reports Strong Q1 FY27 Results: Total Income Reaches Rs 448.29 Crore Amid Business Expansion Mumbai: Creative Newtech Limited, specializing in market entry and brand business expertise across its Distribution and Brand segments, announced its unaudited standalone financial results for the first quarter ended June 30, 2026. The company reported a significant performance jump, driven by its technology-focused distribution platform and diversified business model.The firm's total income stood at Rs 448.29 crore for Q1 FY27. Profit After Tax (PAT) reached Rs 9.01 crore, marking a 69.63% year-on-year (YoY) increase. EBITDA saw a substantial rise of 96.33%, reaching Rs 20.00 crore in the quarter.Financial Performance...

Jupiter Wagons, Lucchini and Simest Ink Partnership to Fuel India's Railwheel Manufacturing Platform Jupiter Wagons Limited has finalized a strategic investment deal with international partners Lucchini RS Holding S.p.A. and Simest S.p.A. (collectively referred to as 'the Investors'). The agreement centers around Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF) and aims to establish India's first fully integrated private-sector railwheel manufacturing platform.The collaboration involves a Share Subscription Agreement (SSA) and a Shareholders’ Agreement (SHA), collectively termed the Transaction Documents. These documents record the terms of the investment by the Investors into JTRWF, solidifying the commitment toward...

Optiemus Infracom Announces Q1 Financial Results with Standalone and Consolidated Performance Data Optiemus Infracom Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company presented both standalone and consolidated financial statements detailing performance across various operational metrics, alongside a segmental breakdown of revenue and outcomes.The Board of Directors reviewed and approved these results, which reflect the operations of the company and its subsidiaries during the period.Financial Overview: Standalone Performance (Q1 FY26) The standalone results for the quarter showed specific figures across key financial indicators.ParticularsQuarter Ended June 30, 2026...

Sampann Utpadan India Allots 23 Lakh Equity Shares Following Convertible Warrant Conversion Sampann Utpadan India Limited, formerly known as SE Power Ltd, announced on August 4, 2026, that its Board of Directors had approved the allotment of 23,00,000 Equity Shares. This action followed the conversion of convertible warrants issued previously by the company.The meeting of the Board addressed the preferential allotment of these shares to both Promoter and Non-Promoter categories. The transaction involved the conversion of 23,00,000 Convertible Warrants (which were part of a total balance of 23,00,000 warrants previously issued on February 17, 2025).The Board approved the issuance of 23,00,000 Equity Shares at a face value of Rs. 10/-...

Farmer Producer Organizations Surge as Govt Pours Massive Funding into Agricultural Modernization The government is aggressively promoting agricultural resilience through the Central Sector Scheme dedicated to "Formation and Promotion of 10,000 Farmer Producer Organizations (FPOs)." Since initiating the scheme in 2020-21, a significant focus has been placed on empowering farmers by helping them organize into powerful business entities.These FPOs are tasked with executing a diverse array of commercial activities. Their mandate extends beyond mere produce sales to include agri-input supply, value addition and processing, digital commerce via e-marketplaces, seed production, custom hiring services, and export promotion for members...

Dabur India addresses FSSAI restrictions on product claims, affirms quality standards Dabur India Limited has issued a clarification regarding regulatory actions concerning its product labeling, following reports of the Food Safety and Standards Authority of India (FSSAI) restricting the use of "100%" claims on certain products.The company maintains that its product labels comply with prevailing legal and regulatory frameworks and are consistent with long-standing industry practices. Dabur stated that it stands by the purity and quality of its products, asserting that no misleading claims have been made.Regulatory actions and operational changes The clarification addresses a series of notices issued by FSSAI relating to the use of...

Orkla India Reports Double-Digit Revenue Growth in Q1 FY27 Orkla India Limited, a portfolio company of Orkla ASA, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported consolidated revenue from operations of ₹659 crore for Q1 FY27, marking double-digit growth of 10.4% year-on-year (YoY). This growth was driven by broad momentum across categories, channels, and geographies.Revenue from the sale of products grew 11.5% YoY, supported by a volume increase of 1.7%.EBITDA for the quarter reached ₹115 crore, reflecting a 3.0% rise year-on-year (or 7.2% excluding the impact of lower Production Linked Incentive benefits), achieving an EBITDA margin of 17.5%. PAT before exceptional items (net...

CL Educate Reports Q1 FY27 Results; Operating EBITDA Margin Expands 160 bps Amid Business Optimization CL Educate Ltd has announced its unaudited consolidated results for the quarter ending June 30, 2026. The company saw a significant improvement in profitability metrics, with the net loss narrowing sharply year-over-year and all three operating segments—EdTech, MarTech, and Digital Assessments (DEX)—registering positive segment results.The Group reported Total Revenue of ₹132.1 crore for Q1 FY27. Operating EBITDA stood at ₹22.0 crore, while the company recorded a Profit Before Tax (PBT) of ₹0.23 crore, marking a return to pretax profitability after a loss of ₹6.28 crore in Q4 FY26. Net loss narrowed to ₹1.7 crore for the quarter...

Shipping Corporation of India Land and Assets Limited Announces Unaudited Q1 FY27 Financial Results The Board of Directors of The Shipping Corporation of India Land and Assets Limited approved the Unaudited Standalone Financial Results for the quarter ending 30 June 2026, following a meeting held on 04 August 2026. These results reflect the performance across two segments: MTI and OTHERS.The company's operational segment data is provided below in lakhs:MetricSegment (MTI)Segment (OTHERS)Total Revenue5242,257Profit/Loss before Tax and Interest(376)2,198The detailed segmental performance indicators for the quarter ending 30 June 2026 are summarized in the table below.Segmental Financial Performance Snapshot (Rs. in...

Jeena Sikho Lifecare Lands Agreement to Establish Integrated Wellness Centre at Ajna Resorts in Manali Jeena Sikho Lifecare Limited is significantly expanding its healthcare presence by finalizing a licensing agreement for the establishment and operation of an integrated Wellness Centre at Ajna Resorts in Manali, Himachal Pradesh. This strategic collaboration aims to strengthen the company's offerings in the premium wellness hospitality segment and drive long-term growth.The Company has entered into a Room Block & Services Licence Agreement with Mr. Anil Saklani, the Owner of Ajna Resorts in Manali. The agreement grants Jeena Sikho Lifecare Limited the right to establish, operate, and manage the Wellness Centre on the licensed...

Bharti Hexacom Reports Q1 FY27 Results: Total Revenues Reach Rs 2,510 Crore Amid Segment Growth and Margin Expansion Bharti Hexacom Limited announced its audited financial results for the first quarter of fiscal year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported strong operational performance, with total revenues rising by 10.9% year-on-year (YoY) to Rs 2,510 crore, and Net Income (before exceptional items) increasing by 23.2% YoY to Rs 482 crore.The financial results highlight robust growth across key segments. Total revenues grew by 4.0% sequentially (QoQ), while the Mobile services revenue registered a gain of 9.3% YoY, attributed to sustained customer additions and higher Average Revenue Per User (ARPU). The...

Rakesh Kumar Verma Appointed as Non-Executive Director on Mappls DT Board; C.E. Info Systems Limited Confirms Board Composition C.E. Info Systems Limited has confirmed the appointment of Mr. Rakesh Kumar Verma, Group Chairman and Managing Director of the company, to the board of Mappls DT Private Limited, a material wholly owned subsidiary. This appointment was finalized by the shareholders of Mappls DT Private Limited at its Annual General Meeting held on August 3, 2026.The appointment positions Mr. Verma as a Non-Executive Director on the Board of Mappls DT Private Limited.Following this strategic appointment, the current composition of the Board of Directors for Mappls DT Private Limited includes several key members from C.E...

Crisil ESG Ratings Assign an ESG Rating to Wendt (India) Limited Wendt (India) Limited has been assigned an Environment, Social, and Governance (ESG) rating by Crisil ESG Ratings & Analytics Limited.The assignment of the ESG rating covers key aspects of the company’s sustainability performance, as conducted by the SEBI-registered ESG Rating Provider, Crisil ESG Ratings & Analytics Limited.Wendt (India) Limited has received the completed ESG rating report from Crisil. The information was made available following the process managed by the rating agency.WENDT Stock Price Movement Wendt (India) Limited shares today slipped by 1.41% to settle at ₹8102 following the session's trading activity. The equity saw a volume of 4,866 shares...