Markets

Ugro Capital Limited Reports Q1 Results; Approves RTA Change, Confirms NCLT Proceedings for PCPL Amalgamation Ugro Capital Limited reported its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors considered and approved these consolidated and standalone results, which were subjected to a limited review by statutory auditors. Concurrently, the company approved changes regarding its Registrar and Share Transfer Agent (RTA) and provided updates on the ongoing amalgamation process of Profectus Capital Private Limited (PCPL).The Board meeting, held on August 4, 2026, confirmed the financial results for the quarter, along with a limited review report issued by M/s G.P. Kapadia & Co., Chartered...

Medi Assist Upgrades AI Platform to Boost Cashless Healthcare: Over 50% of Pre-Authorisations Processed in Under Five Minutes Medi Assist Healthcare Services Limited has announced significant technological enhancements across its AI platform, making a major stride toward seamless cashless healthcare for patients, hospitals, and insurers. The upgrades include the release of MAven Intelligent Document Processing (MAven IDP), MAgnum, and MAven Guard, bolstering the company's commitment to accessibility in the health benefits administration space.The results of these advancements are already yielding measurable improvements within the organization’s operations. Medi Assist TPA, a wholly owned subsidiary, now processes over 50% of cashless...

IndiaMART Intermesh Establishes Wholly-Owned Subsidiary, 'IndiaMART Finance Limited' IndiaMART Intermesh Limited has announced the successful incorporation of a new wholly-owned subsidiary named IndiaMART Finance Limited. The company completed this operational milestone on August 4, 2026.The establishment of the subsidiary was formalized with the issuance of the Certificate of Incorporation by the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, dated August 4, 2026.The incorporation marks a strategic move for IndiaMART Intermesh Limited as it brings IndiaMART Finance Limited into its portfolio as a wholly-owned entity.INDIAMART Stock Price Movement As of 3:19 PM, shares of Indiamart Intermesh...

Zydus Secures USFDA Final Approval for Indocyanine Green for Injection, Targeting 180-Day CGT Exclusivity Zydus Lifesciences Limited has received final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Indocyanine Green for Injection. The product is a generic equivalent of the reference listed drug (RLD), IC-Green® by Diagnostic Green LLC, and the USFDA designated the application as a Competitive Generic Therapy (CGT).The approval makes Zydus’s product eligible for certain competitive generic therapy exclusivity, which is determined by the USFDA and begins from the date of first commercial marketing.Indocyanine Green for Injection is an optical imaging agent...

RMC Switchgears Secures Letters of Award from Southern Power Distribution Co. for LT Distribution Boxes RMC Switchgears Limited has received 12 Letters of Award (LOA) from Southern Power Distribution Company of Telangana Limited. These contracts involve the supply of LT Distribution Boxes, valued at Rs. 2,44,46,650/-. The successful procurement of these awards strengthens the company's order book and is anticipated to contribute positively toward its revenue and growth prospects.The orders relate to the supply of LT Distribution Boxes to Southern Power Distribution Company of Telangana Limited, a domestic entity. The contracted value represents the total size of the awarded contracts.Contract Details Summary The details of the...

Garware Technical Fibres Limited Urges Physical Shareholders to Update KYC Details Garware Technical Fibres Limited has issued a critical advisory calling upon its shareholders who hold shares in physical mode to complete mandatory Know Your Customer (KYC) updates with the Registrar and Share Transfer Agent (RTA). This move is essential for ensuring smooth corporate action processing and timely dividend payments.Shareholders are strongly urged to comply with the required KYC updation, including PAN details, contact information, mobile number, bank account details, and specimen signature. The necessary forms and resources are available on both the Company’s website and the RTA’s portal.The advisory highlights that if shareholders...

GPT Infrastructures Reports Consolidated Results; Apollo Hospitals Announces 45th Annual General Meeting Details Corporate Updates: Financial Performance and Investor Events GPT Infrastructures Limited (Consolidated & Standalone) GPT Infrastructures Limited has released its unaudited consolidated financial results for the quarter ended June 30, 2026, alongside audited figures for the year ended March 31, 2026. The company reported significant revenue and profit metrics across these periods.For the quarter ending June 30, 2026, total revenue from operations stood at 30,206.70 million (in lakhs), while net profit after tax from ordinary activities was recorded at 2,434.27 million. The Total Comprehensive Income for the period reached...

Bitcoin Edges $63K as Institutional Demand Holds Ground Amid Cooling Retail Enthusiasm Bitcoin continues to trade near the $63,000 mark, signaling a persistent focus on institutional interest despite dwindling retail sentiment in the US. The cryptocurrency major was last traded at $63,586, having gained 1.62% in the past 24 hours. This trend reflects a maturing crypto market where long-term capital flows are beginning to outweigh short-term speculative sentiment.The global crypto market capitalization rose by 1.31%, reaching $2.18 trillion, according to CoinMarketCap. While Bitcoin maintained its resilience near key support levels, the market is exhibiting signs of cautious positioning across risk assets globally.Institutional Flows...

Happy Forgings Limited Reports Q1 Results for June 30, 2026; Total Income Reaches 46,050.59 Rs. lacs Happy Forgings Limited released its unaudited financial results for the quarter ending June 30, 2026 (Q1FY28), showing a total income of 46,050.59 Rs. lacs both on a standalone and consolidated basis. The company reported a net profit for the period/year (E=C-D) of 9,146.34 in the standalone results.The company manufactures "Auto components and Engineering parts," and management reviewed its performance as a single operating segment.Financial Highlights: Standalone Results For the quarter ending June 30, 2026 (unaudited), Happy Forgings reported key figures including:Revenue from operations: 44,942.23 Rs. lacs Total Income (A)...

STL Networks Announces Resignation of Head-Legal Ms. Prerna Wadhwa STL Networks Limited has announced the resignation of Ms. Prerna Wadhwa, who served as the Head-Legal and designated Senior Management Personnel at the company. The change follows her tendering of resignation due to personal reasons.Ms. Wadhwa resigned on August 04, 2026. As per the terms outlined in her appointment letter, her last working day and date of cessation will be November 04, 2026. During the notice period, Ms. Wadhwa committed to ensuring a smooth transition of her responsibilities within the organization.The details regarding this personnel change are as follows:DetailStatus/DateRoleHead-Legal (Senior Management Personnel)Date of Resignation...

Pidilite Industries Reports Strong Q1 FY27 Earnings with Net Sales Reaching Rs 4,237 Cr Pidilite Industries Limited has released its financial results for the quarter ended June 30, 2026 (Q1 FY27), demonstrating robust growth across its business segments. The company reported Standalone Net Sales of Rs 4,237 Crore, marking a significant increase of 22.2% compared to Q1 FY26.The company saw consumer and bazaar (C&B) revenue grow by 22.5%, while the Business to Business (B2B) segment grew by 16.0%. These growth figures were underpinned by an Underlying Volume Growth (UVG) of 12.2% in C&B, and 7.3% in B2B.Pidilite’s profitability metrics showed sustained improvement. EBITDA Margin reached 26.4%, improving by approximately 80 basis...

KSB Limited Posts Consolidated Quarterly Results; Revenue Reaches 6,907 Million in Q2 FY27 KSB Limited has announced its unaudited financial results for the quarter and half year ended June 30, 2026. The company's consolidated performance showed a strong trajectory, reporting comprehensive income of 953 million for the quarter and 1,183 million for the six-month period.The results highlight the company's operational scale, as detailed in the unaudited financial statements. Management provided updates on various aspects of operations, including segment revenue, financial assets, and equity structure.Financial Performance Snapshot (Consolidated) The following table summarizes the key financial metrics for KSB Limited across recent...

SEBI Scrutinizes Offshore Fund Disclosure Rules Amid Global Investment Slowdown and Legal Challenges The Securities and Exchange Board of India (SEBI) is reportedly moving to relax investor-disclosure requirements for certain offshore funds, following widespread complaints and legal challenges prompted by the existing regulations. The review comes as foreign portfolio investors have seen a substantial outflow, with record $26.88 billion sold so far in 2026.Sources familiar with the matter state that these proposed changes aim to address unintended consequences arising from the 2023 rules. These rules were initially introduced to prevent funds from maintaining overly concentrated investments within Indian companies.Proposed...

Happy Forgings Reports Qended June 30, 2026 Financial Performance: Standalone and Consolidated Results Released Happy Forgings Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved both the standalone and consolidated financial results along with the Limited Review Report of the Statutory Auditor on August 04, 2026.The Group manufactured "Auto components and Engineering parts." These results reflect the performance of Happy Forgings Limited (the Parent) and its wholly owned subsidiary, HFL Technologies Private Limited.Standalone Financial Performance Highlights The unaudited standalone financial results for the quarter ended June 30, 2026, showed Total Income...

Alembic Pharmaceuticals Reports Resilient Q1 FY27 Results; Revenue Jumps 26% Alembic Pharmaceuticals Limited announced its consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026, showcasing broad-based growth across its businesses. The company reported a notable increase in revenue and profitability during the period.The pharmaceuticals firm saw its revenue from operations rise by 26% year over year (YoY), reaching Rs 2150 Cr. Profit After Tax stood at Rs 173 Cr, marking a 12% YoY improvement. Furthermore, EBITDA pre R&D increased to Rs 523 Cr, with the margin stabilizing at 24%.Segmental Performance Highlights The company detailed strong performance across its key operating segments...

Oil Market Range: Goldman Sachs Forecast Brent Crude to Trade $80-$90 Amid Geopolitical Uncertainty Goldman Sachs has issued a market assessment suggesting that Brent crude oil will trade within the \$80-\$90 per barrel range until definitive clarity emerges regarding either the status of U.S.-Iran nuclear negotiations or significant escalation in regional conflicts. The investment bank estimated the fair value of spot Brent crude at approximately \$80 per barrel, indicating that current oil markets are pricing in only a modest geopolitical risk premium despite persistent supply uncertainty over Middle East sources.Brent crude traded near \$85 per barrel on Tuesday, driven by mixed market signals emanating from negotiations between...

Happiest Minds Reports 12.3% Growth in FY26, Focuses on AI-First Strategy Amid Challenging Industry Trends Happiest Minds Technologies Limited reported a resilient financial performance for the fiscal year ending March 31, 2026, during its 15th Annual General Meeting (AGM) held on July 28, 2026. The company showcased significant growth in revenue and profitability while setting an ambitious "AI First, Agile Always" strategic direction for future expansion.The meeting confirmed several operational aspects of the business, including the declaration of a final dividend and reaffirmations regarding corporate governance.Financial Performance Highlights During the AGM, management provided a detailed overview of the company’s financial...

Ajmera Realty Reports 23% Revenue Growth in Q1 FY27; Debt-to-Equity Ratio Improves to 0.47x Ajmera Realty & Infra India Limited, a veteran real estate developer in India, announced its results for the quarter ended June 30, 2026 (Q1FY27). The company reported significant top-line growth and improved financial health, achieving a 23% year-on-year rise in revenue while prudently managing debt.Key highlights from the Q1FY27 performance include total revenue growing to INR 320 crore, EBITDA reaching INR 94 crore (up 18% YoY), and PAT rising by 14% YoY to INR 45 crore. The company successfully reduced its debt burden, with the debt-to-equity ratio standing at 0.47x as of June 30, 2026, showcasing prudent financial discipline.Commenting...

Greaves Cotton Reports 31% Growth in Consolidated Revenue for Q1 FY27, Strengthens Global Footprint and EV Commitment Mumbai, August 4, 2026: Greaves Cotton Limited, a leading diversified engineering company in India, announced its financial results for the quarter ended June 30, 2026. The company reported steady performance across its diverse businesses, attributing the stability to disciplined execution as part of its Greaves.Next strategy.The consolidated revenue stood at ₹974 crore, marking a 31% year-on-year growth. Standalone revenue reached ₹629 crore for Q1 FY27, showing a 16% increase year-on-year.Greaves Cotton is focused on building a globally relevant engineering enterprise positioned for sustainable long-term value...

MTAR Technologies Stock Surges to Upper Circuit Amidst Record Order Book and US Client Optimism MTAR Technologies witnessed a historic rally on Tuesday, hitting the upper circuit for the fourth consecutive session following robust financial results for the first quarter of FY27. The stock continues its strong ascent after gaining nearly 22 percent since July 30. This sharp performance is largely attributed to the company's impressive operational execution and an expanding order book, buoyed by confidence over a key strategic relationship with a major US client.Quarterly Results Drive Triple-Digit Growth The company reported exceptionally strong financials for Q1 FY27. Revenue from operations surged 130.4 percent year-on-year to reach...