Markets

Ceinsys Tech Secures Rs 16.9 Crore Contract to Supply AMR Water Meters to Bhandara Municipal Council Ceinsys Tech Limited has secured a contract from the Bhandara Municipal Council for the supply, installation, and commissioning of Consumer Domestic Ultrasonic / Electromagnetic AMR Water Meters under the Amrut-2.0 project. The total value of the work awarded is Rs 16,90,52,450/- (Rupees Sixteen Crores Ninety Lakhs Fifty-Two Thousand Four Hundred and Fifty Only).The contract outlines the scope of work involving the supply and installation of these specialized water meters for the municipal council. The agreement has been granted a timeline of 12 months for execution.Details regarding this domestic contract have been summarized below...

Sundram Fasteners Reports Strong Quarter 1 FY27 Results; Consolidated Revenue Hits Rs 1,846.07 Crores Chennai: The Board of Directors of Sundram Fasteners Limited announced its unaudited financial results for the quarter ended June 30, 2026, revealing robust growth across both the consolidated and standalone segments. The company reported a significant rise in revenue and profitability across its domestic and international operations.The Group's performance demonstrated substantial scaling, with consolidated revenue from operations reaching Rs 1,846.07 crores for the quarter. This marks a notable increase compared to the Rs 1,533.39 crores reported during the same period in the previous financial year. The company recorded a profit...

SEBI's Major Move: Depository Receipts Proposed for REITs and InvITs to Supercharge Foreign Capital Inflow SEBI has introduced a significant regulatory proposal aimed at unlocking substantial foreign investment into India’s real estate and infrastructure sectors. The regulator is proposing that depository receipts be issued against units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). This move is set to provide an additional, high-level mechanism for international investors to access these lucrative assets.Streamlining Global Access to Indian REITs and InvITs The proposal mandates aligning the rules governing depository receipts against REITs and InvITs with those already established for equity...

Investor Anxiety Mounts as SpaceX Faces Earnings Call Amid Valuation Slump and Insider Selling Fears SpaceX is bracing for a highly scrutinized earnings call as investors grapple with significant valuation concerns following its IPO listing. The company's stock price has weakened substantially from its June peak, leading to increased focus on the profitability and operational timelines of its ambitious projects.The shares are being weighed down by anticipated insider selling following the eventual expiration of current lockup provisions. This move comes as the firm prepares for a public airing of its financial health and future roadmaps in high-pressure questions.SpaceX Financial Outlook and Operational Challenges Analyst consensus...

Sterling Holiday Resorts Reports Record Q1 FY27 Results, Highlighting Transformation into Resilient Hospitality Platform Chennai, August 4, 2026 — Sterling Holiday Resorts Limited (SHRL), a leading Indian hospitality company, reported its strongest-ever quarterly performance for Q1 FY27. The results reflect the emergence of SHRL as a highly scalable, profitable, and resilient hospitality platform, delivering record figures across revenue, EBITDA, Profit Before Tax (PBT), and Operating Free Cash Flow.The company reported Total Revenue reaching ₹1.7 Billion, marking a 21% increase year-on-year. EBITDA increased by 21%, maintaining an industry-leading margin of 37%. PBT saw an even steeper rise of 30% over the same period, and Operating...

Mamata Machinery's RecTech™ Film Achieves 100% Recyclability Certification in European Union Ahmedabad, India – August 4, 2026 – Mamata Machinery Limited, a recognized leader in the flexible packaging industry and a global provider of machinery solutions, announced that its advanced recyclable packaging film, 'RecTech™', has received certification for 100% recyclability from Institut cyclos-HTP GmbH. The Germany-based institute conducts recyclability assessment and certification for the material.The certification validates RecTech™, an advanced monomaterial film engineered to provide superior barrier protection and mechanical performance compared to conventional non-recyclable composite film structures. This film was first introduced...

Steel City Securities Limited Secures Approvals for Market Making in SME Segment on NSE and BSE Steel City Securities Limited has achieved a significant milestone after receiving formal approvals from both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE). These authorizations enable the company to engage in Market Making activities within the SME Segment of both exchanges.The approvals received by Steel City Securities Limited mark a major advancement for the firm, allowing it to undertake market making activities across eligible SME listed securities. This move supports the company's long-term business growth strategy and broadens its range of service offerings.The Company confirmed that...

Manoj Kumar Rai Appointed Executive Director and COO at IGL Spirits Limited IGL Spirits Limited has announced the appointment of Shri Manoj Kumar Rai as an Additional Director, designated in the category of Executive Director & Key Managerial Personnel, alongside his role as Chief Operating Officer. The company's Board of Directors approved this appointment during a meeting held on August 4, 2026.The appointment was made effective from August 4, 2026. Subject to shareholder approval, the role is set for a term of five consecutive years, concluding on August 31, 2031.Shri Manoj Kumar Rai (DIN: 11827771) has been appointed in this capacity at IGL Spirits Limited. As per company records, he brings substantial experience to the role...

S&P 500 Surges to Record High as AI Earnings and Mideast Deal Hopes Ignite Global Rally Wall Street indices registered strong gains on Tuesday, with the benchmark S&P 500 achieving an intraday record high for the first time since early June. The rally was fueled by reassuring AI-driven forecasts from key technology firms and renewed optimism surrounding potential de-escalation in the Middle East. This surge signals a powerful shift in investor sentiment across major blue-chip stocks.How Strong AI Earnings Propelled Wall Street Gains Technology heavyweights, including Amazon and Microsoft, reported robust earnings, alleviating concerns among investors regarding their significant investments. The strength of these companies indicated...

Bank of Baroda’s Capital Raising Committee Meeting Set as Bank Eyes up to Rs 6,000 Crore in Bond Issuance Bank of Baroda has scheduled a meeting of its Capital Raising Committee (CRC) to determine the issuance of Additional Tier 1 and Tier II Bonds. The decision follows prior approval from the Board of Directors regarding the potential fundraising efforts.The Bank’s Board of Directors had previously approved the raising of additional capital, up to Rs 6,000 Crore, through the issuance of Additional Tier 1 (AT1) and/or Tier II Bonds. This funding initiative is planned for suitable tranches and is scheduled to take place up to March 31, 2027, and beyond if deemed necessary.In line with this strategic capital raising plan, the Capital...

Ganesh Consumer Products Limited Releases Qended June 30, 2026 Unaudited Results; Announces Auditor Appointments Ganesh Consumer Products Limited today announced its unaudited financial results for the quarter ended June 30, 2026. The company also confirmed key appointments regarding its internal and secretarial auditors following a Board meeting held on August 4, 2026.The Board of Directors reviewed and approved the quarterly results along with a Limited Review Report prepared by statutory auditors. Management confirmed that the unaudited financial results for the period were prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting).Qended June 30, 2026 Financial Highlights The company reported robust...

Vedanta Iron and Steel Shares Surge to Upper Circuit as Q1 Turnaround Propels Stock Rally Vedanta Iron & Steel Ltd (VISL) experienced a massive rally on Tuesday, hitting the 5 percent upper circuit limit for the third consecutive session. The stock reached Rs 35.58 per share on the NSE after opening with a significant gap-up of 5 percent.The sharp ascent comes after the company reported a decisive turnaround in its June quarter earnings. This results-driven surge has seen shares gain more than 15 percent over the last three trading sessions.Q1 Earnings Showcase Major Turnaround for VISL VISL successfully transitioned from losses to profitability, driving investor confidence. The company announced a consolidated net...

HCLTech Recognized by TIME as One of the World's Most Sustainable Companies for 2026HCLTech has been named to TIME magazine's World's Most Sustainable Companies 2026 list, marking its second consecutive year achieving the recognition. The global technology company ranks among the top five professional services companies and holds the highest ranking among India-headquartered firms in this category.The ranking, compiled by TIME in collaboration with Statista, evaluated over 5,800 global organizations using more than 20 sustainability indicators. These factors cover commitments and ratings, reporting transparency, and environmental and social stewardship practices.This sustained recognition reflects HCLTech's commitment to aligning...

Adroit Infotech Reports Quarterly Financial Results; Board Approves Auditor Remuneration Revision Adroit Infotech Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these consolidated and standalone results. Furthermore, the Board sanctioned a revision in the remuneration for M/s Rao & Shyam Chartered Accountants, who conduct the statutory audit of Adroit Infotech Limited’s financial statements for the financial year 2026-2027.The Board Meeting, held on August 4, 2026, considered and approved the unaudited financial results following review by the Audit Committee. The company also received an unmodified report from its statutory auditors...

Creative Newtech Reports Strong Q1 FY27 Results, Highlights Revenue Growth and Major Infrastructure Wins Creative Newtech Limited has announced solid financial performance for the first quarter of Fiscal Year 2026-2027, driven by sustained demand across its technology distribution platform. The company reported consolidated total income of ₹ 476.84 crore in Q1 FY27, marking a 20.06% year-on-year (YoY) increase compared to the corresponding quarter last year when income stood at ₹ 397.19 crore.The operational efficiency improved significantly during the quarter. Consolidated EBITDA increased by 64.73% YoY, reaching ₹ 24.89 crore, while the EBITDA margin expanded to 5.22%, up from 3.80% in Q1 FY26. Profit After Tax (PAT) for the quarter...

Manoj Kumar Rai Appointed Executive Director and COO at IGL Spirits Limited India Glycols Limited announced that the Board of Directors of its subsidiary, IGL Spirits Limited (IGSL), approved the appointment of Shri Manoj Kumar Rai as an Additional Director and Key Managerial Personnel. The designation is effective from August 4, 2026.The company's board meeting on August 4, 2026, formalized the decision to appoint Mr. Manoj Kumar Rai (DIN: 11827771) as Executive Director and Chief Operating Officer of IGL Spirits Limited.Subject to shareholder approval, the appointment is set for a term spanning five consecutive years, beginning on August 4, 2026, and concluding on August 31, 2031.Key Details of Appointment The appointment...

PNB Housing Finance Reports Q1 Results: Net Profit Rises Amid Strong Financial Standing PNB Housing Finance Limited (PNBHFL) has announced its un-audited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results following the completion of the board meeting held on August 04, 2026.The company reported net profit after tax (NPAT) of 557.34 in crore in its consolidated results for the quarter. Net income after tax stood at 554.50 in crore for the standalone results. The management has also provided key disclosures regarding asset quality and financial ratios as of June 30, 2026.Financial Performance Summary (Consolidated) The company recorded a total revenue from...

XL Energy Limited Appoints Pankaj Jain as Independent Director and Harsh Jain as Manager XL Energy Limited has announced significant appointments to strengthen its governance and management structure. The company appointed Mr. Pankaj Jain as an Additional Non-Executive Independent Director and Mr. Harsh Jain as Manager (Key Managerial Personnel), effective from August 04, 2026. Both appointments are set for a term of five years, subject to shareholder approval at the ensuing General Meeting.The decisions regarding these key personnel were made by the Monitoring Committee of the Company during its meeting on August 04, 2026.Details of Key Appointments The company has filled two critical roles with experienced professionals, focusing...

Apollo Pipes Limited Appoints Sanjay Gupta as Director (Non-Executive) and Chairman Apollo Pipes Limited has announced a significant change in its management, naming Mr. Sanjay Gupta as a Director (Non-Executive Category) and the Chairman of the company. The appointment was approved by the Members of the Company, following recommendations from the Nomination and Remuneration Committee and the Board of Directors.The transition involves a change in designation for Mr. Gupta, who is being appointed to this new role. The official date of his appointment is August 04, 2026.Profile and Relationship Details Mr. Sanjay Gupta is described as a renowned industrialist and an eminent leader within the steel and building materials industry. He...

Pondy Oxides and Chemicals Reports Q3 Results: Net Profit stands at 3,625.37 Lakhs in Standalone Results Pondy Oxides & Chemicals Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a net profit of 3,625.37 Lakhs in its standalone performance, while the consolidated entity also registered a substantial profit despite operating expenses rising across various categories.The results reflect ongoing operations by the group across multiple segments, including Lead and Copper, providing insight into the financial health during the reporting period.Standalone Financial Performance Summary For the quarter ending June 30, 2026, the company's standalone...