Markets

Coforge Launches SecureEdge2Cloud: An AI-Powered Zero Trust Offering Built on Zscaler Platform Coforge Limited, an AI-native engineering services leader, has announced the launch of SecureEdge2Cloud. This next-generation offering is an AI-powered, Zero Trust security solution built upon the Zscaler Zero Trust Exchange™ platform, designed to help organizations accelerate digital transformation and strengthen cyber resilience.The launch comes as part of Coforge's inclusion in the next phase of Zscaler's Project AI-Guardian, expanding collaboration within the Zscaler Zero Trust Exchange platform and its broader AI security portfolio.Addressing Modern Enterprise Security Challenges Today’s enterprises operate in complex digital...

Infra Sector Surge: Is Laser Power IPO Set for Mega Listing After Low Day Subscription? The Kolkata-based power transmission equipment manufacturer, Laser Power & Infra, launched its Initial Public Offering on July 9, 2026. The issue comes with a price band set between ₹203 and ₹214 per share. This offering aims to raise substantial capital through a fresh issue of 2.53 crore shares worth ₹542 crore, complemented by an Offer For Sale (OFS) component totaling ₹200 crore from promoter shareholders.As of the morning trading on NSE, the IPO registered an overall subscription rate of 2%. This figure reflects bids received for 4,87,900 shares against a total offer volume of 25,586,207 shares. Retail individual investors (RIIs) led demand in...

Mini Diamonds India Ltd Approves Issuance of Up To 1.11 Crore Warrants to Promoter Group Mini Diamonds India Ltd has approved the issuance of up to 1,11,00,000 Convertible Warrants through a preferential allotment. The warrants are designated for cash consideration and will be allotted to individuals belonging to the Promoter(s)/Promoter Group.The proposed warrant issue aggregates up to INR 8,88,00,000/- (Indian Rupees Eight Crore and Eighty Eight Lakhs Only). Each warrant is set at an Issue Price of INR 8/-, which includes a premium of INR 6/. These warrants are convertible into one fully paid-up equity share, having a face value of INR 2/-. The tenure for the Warrants has been set for no more than 18 months from the date of...

Om Power Transmission Secures Rs 82.17 Crore Contract for Under Ground Cable Network Conversion Om Power Transmission Limited has secured a significant project win, receiving a Letter of Acceptance (LOA) from Paschim Gujarat Vij Company Limited. The contract involves the turnkey conversion of existing high tension (HT) and low tension (LT) line networks into an underground cable system with a Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle.The total value of the contract stands at Rs 82.17 Crores, which includes GST. The project is described as a turnkey contract covering the conversion of the existing network, along with Consumer Service Lines, to underground cable infrastructure.This opportunity was awarded...

Gold and Silver Prices Slip as Dollar Strengthens; Market Awaits Crucial Fed Rate Signals Bullion prices registered a decline in early morning trading on July 9, driven by a firmer US dollar that weighed heavily on precious metals across global markets. Both gold and silver futures extended recent losses as investors digested key economic indicators while anticipating the next Federal Reserve policy statement.Global and Domestic Market Movements Globally, spot gold fell 0.36 percent, settling at $4,063.21 per ounce during morning trade. Spot silver mirrored this trend, declining by 0.93 percent to reach $57.78 per ounce in the international market.Domestically, commodity traders observed slight dips in futures contracts. MCX gold...

Tata Teleservices Penalized Rs 50,000 by BMC for Utility Chamber Maintenance in Mumbai Tata Teleservices (Maharashtra) Limited has been subject to a penalty imposed by the Brihanmumbai Municipal Corporation (BMC) concerning the maintenance of utility chambers located on municipal roads. The action resulted in an imposition of Rs 50,000/- following notification received by the company.The BMC issued the penalty order regarding the non-maintenance of the utility chamber. Tata Teleservices is currently examining the correctness of the penalty demanded by the corporation.Key details surrounding the imposed penalty are summarized below:ParticularsDetailsAuthority Imposing PenaltyBrihanmumbai Municipal Corporation (BMC)Penalty...

Piramal Pharma’s US Facility Receives Successful Closure of FDA Inspection Piramal Pharma Ltd has announced that its manufacturing facility located in Sellersville, USA, has successfully closed the inspection process conducted by the U.S. Food and Drug Administration (US FDA).The company confirmed that the US FDA issued an Establishment Inspection Report (EIR) for the specific manufacturing site. The successful conclusion of the inspection marks a key operational achievement for Piramal Pharma’s overseas operations.PPLPHARMA Stock Price Movement As shares of Piramal Pharma Limited edge higher in live trading, the stock stands at ₹174.60, up 3.86% by 11:11 AM. The company sees robust activity as over 5.08 million shares are traded...

Australia and India Deepen Energy Ties to Secure Supply Chains Amid Global Instability Australia and India reaffirmed their strategic commitment to strengthening energy security in a joint statement, focusing on resilience against global market disruptions. The partnership emphasizes open markets and rules-based trade as foundational pillars for mutual prosperity and economic stability across the Indo-Pacific region.Strengthening Bilateral Trade and Investment Flows The two nations recognized shared concerns regarding the Middle East situation and its impact on energy resources and commodity supply chains. To counteract these disruptions, Australia and India are jointly advancing bilateral energy trade through the Economic Cooperation...

Momentum Stocks Surge: Shankara Buildpro, Radhika Jewel Explode as Technical Breakouts Ignite Select Rally In a market environment lacking strong fresh sector-wide triggers, specific momentum stocks witnessed significant gains on July 9th. These movements were driven purely by technical strength and sustained buying interest, underscoring the power of stock-specific breakouts in the current climate.High Momentum Stocks Impress with Double-Digit Gains Shankara Buildpro exhibited powerful upward momentum, jumping 10.5 percent to trade at ₹1,175.40. This move places the stock comfortably above its critical short-term indicators, specifically the 30-day SMA of ₹1,063.65 and the 50-day SMA of ₹1,080.81, signaling robust near-term strength...

PSP Projects Ltd Announces Board Meeting to Review Q1 Financial Results and Sets Insider Trading Window Dates PSP Projects Ltd has scheduled a meeting of its Board of Directors to review the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company also communicated the timing for the closure and reopening of its trading window for designated persons.The Board Meeting is set to take place on Thursday, July 30, 2026, at the company's Registered Office. During the meeting, directors are expected to consider and approve the financial results and address any other matters with the permission of the Chair.A key operational update concerns the closure of the trading window for designated...

Critical Tech Titans: Australia and India Elevate Partnership in PACTS to Fortify Global Supply Chains Australia and India have formalized a significant strategic advancement with the launch of the Australia-India Partnership on Cyber, Critical Technologies and Supply Chains (PACTS). This new initiative succeeds and elevates the previous 2020 Framework, cementing an enduring relationship built on two decades of collaborative research and operational coordination. The PACTS underscores a shared commitment to securing national and regional stability in an increasingly complex geopolitical landscape.Elevating Bilateral Ties: The Genesis of PACTS The partnership recognizes that global supply chains, critical technology development, and...

Kusumgar IPO Surges Past 5x Subscription, Driven by Robust Demand and Global Fabric Market Outlook Kusumgar Limited’s Rs 650-crore initial public offering continues to attract substantial investor attention on its second day of bidding. As of the morning of July 9, the issue was subscribed 5.3 times, marking a strong increase from the 3.45 times recorded on the first day. The IPO, which opened on July 8 and closes on July 10, is testing investor appetite for the specialized manufacturing firm.IPO Demand Hits Multi-day High as Retailers Surge Interest The public issue received bids for 6.08 crore shares against 1.14 crore shares across all categories, highlighting focused demand from retail investors. Non-institutional and retail...

Solex Energy Lands Major Work Order Worth ₹628.37 Crore for Solar PV Modules Solex Energy Limited has secured a significant work order from a renowned Independent Power Producer, marking a substantial win in the renewable energy sector. The contract involves the manufacturing and supply of N-Type TOPCon 615 Wp/620 Wp Glass-to-Glass (G12R) Solar PV Modules.The total value of the work order is ₹ 628.37 crore, inclusive of all applicable duties and taxes. This contract positions Solex Energy to supply specialized solar modules for a period spanning October 2026 through March 2027.As detailed in the transaction information, the client awarding the order is a domestic entity within the renewable energy space. The nature of the order...

Board Meeting Set: Sumitomo Chemical India Scheduled to Review Q2 Unaudited Financial Results Sumitomo Chemical India Ltd has scheduled a meeting of its Board of Directors to review the company’s recent financial performance. The meeting is set for Monday, July 27, 2026.The primary agenda item for the Board Meeting is the consideration of the Standalone and Consolidated Unaudited Financial Results of the Company. These results pertain to the quarter that ended on June 30, 2026.SUMICHEM Stock Price Movement Sumitomo Chemical India Limited shares are edging higher to ₹475.1 as of 10:54 AM today, gaining 1.71% in live trading. The stock is currently moving on a volume of 203,217 shares.

OneSource Specialty Pharma Clarifies Operations Amid Partner Supply Delay of Semaglutide OneSource Specialty Pharma Ltd has addressed clarifications regarding the reported delay in commercial supplies of Semaglutide by Dr. Reddy's Laboratories (DRL), reaffirming that the disruption does not materially impact its operational status.The company noted that while it maintains a long-standing partnership with DRL as a Manufacturing Partner for Generic Semaglutide Injection, the delay in commercial supplies disclosed by DRL has no material financial or operational bearing on OneSource Specialty Pharma Ltd.Despite the situation involving the partner's supply chain, OneSource confirmed strong market demand and commitment to its operations...

Indogulf Cropsciences MD Sanjay Aggarwal Honored with 17th Visionary Leadership Award 2026 New Delhi, July 9, 2026: Indogulf Cropsciences Limited announced that its Managing Director, Shri Sanjay Aggarwal, has been awarded the prestigious "17th Visionary Leadership Award 2026" by the Agriculture Leadership Awards Committee.The award recognizes Shri Aggarwal's leadership and significant contributions towards advancing sustainable crop protection solutions and driving innovation within agriculture. His efforts focus on empowering farmers through quality-focused and technology-led initiatives were highlighted for the recognition.Shri Rajnath Singh, Union Minister of Defence, presented the award during the Agriculture Leadership...

Electronics Manufacturing Companies Surge as Centre Extends Duty Relief until 2029 Stocks Rally Following Customs Duty Concessions for Tech Sector Shares of major electronics manufacturers witnessed a notable rally on Thursday, following the government's decision to substantially expand customs duty concessions. These measures target key machinery and components crucial for domestic electronics manufacturing. This move is designed to reduce import costs for specialized equipment that is not widely available within India.Leading firms responded positively to the news. Dixon Technologies climbed up to 4.7%, reaching Rs 13,544. Amber Enterprises advanced by 2.5% to Rs 7,607.50. Kaynes Technology also gained 3.7%, trading at Rs 3,328.90...

Eternal Stock Jumps as MSCI Weighs Full Restoration Amid FII Headroom Expansion Eternal Shares Rally Following Significant Foreign Ownership Boost Shares of Eternal experienced a strong surge on July 9, rising by 3%. The stock movement was fueled by the latest shareholding data released for the June quarter. This development has generated considerable interest among market analysts and investors.At 10:48 am on July 9, Eternal shares were trading at Rs 294.25, showing a gain of 2.6% in some trading segments. The movement indicates renewed investor confidence following the improved foreign ownership status.Motilal Alternate Research Cites FII Headroom Recovery Motilal Alternate Research highlighted that Eternal's ability to regain its...

Granules India Ltd. Schedules Board Meeting to Approve Q1 Financial Results Granules India Ltd. has announced that its Board of Directors meeting is scheduled for Tuesday, July 21, 2026. The primary agenda item for the meeting will be the review and approval of the unaudited financial results for the first quarter that concluded on June 30, 2026.Following this scheduled board meeting, the company confirmed that the Insider Trading Window for Granules India Limited will remain closed until Thursday, July 23, 2026, in view of the corporate event.GRANULES Stock Price Movement Granules India Limited's stock is trending upward as of 10:42 AM, trading at ₹872.2 after climbing by 1.47%. The company surges to its 52-week high, achieving...

Rajesh Power Services Bags ₹653.12 Crore Orders from PGVCL, Reinforcing Leadership in Underground Power Infrastructure Ahmedabad, July 09, 2026: Rajesh Power Services Limited (RPSL), a leading EPC Contractor specializing in Power Transmission and Distribution, announced that it has secured new orders totaling Rs. 653.12 crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a government undertaking of Gujarat.The contract involves turnkey projects focusing on the conversion of existing network infrastructure into underground cable networks with Ring Main System implementation and GIS mapping and asset tagging. These significant power distribution contracts cover the Bhavnagar, Anjar, Junagadh, and Porbandar circles...