Markets

Sensex Surges Over 100 Points as Markets Navigate Volatility Caused by New Closing Auction System The Indian stock market presented a sharply bifurcated picture on Tuesday, with major indices showing diverging performance. While the Nifty 50 saw a notable slip, the Sensex managed to post a gain of over 100 points, trading above 78,800. This mixed start followed concerns over heightened volatility introduced by the market’s new Closing Auction Session (CAS) framework.The Nifty 50 index dipped significantly in the red, falling over 150 points to near the 24,600 level. In contrast, broader markets showed varied fortunes; the Nifty Midcap 100 traded in decline, but the Nifty Smallcap 100 Index remained in positive territory...

Linc Limited Announces Q1 FY27 Result Conference Call for Investors and Analysts Linc Limited has scheduled a group conference call to discuss the financial results for the first quarter of fiscal year 2027 (Q1 FY27). The event is set for Friday, August 7, 2026.The management of Linc Limited, alongside representatives from Uirtus Advisors LLP (IR Advisor), will participate in the conference call. Representing the company are Mr. Rohit Deepak Jalan, Whole Time Director, and Mr. N.K. Dujari, Director Finance & CFO.The investor and analyst meeting is scheduled for 15:30 IST on August 7, 2026. The event provides an opportunity for stakeholders to receive updates regarding the company's performance during the quarter ended June 30, 2026...

MV Electrosystems IPO Set for Listing; Grey Market Premium Points Towards 24% Gain Amid Massive Subscription Surge The highly anticipated MV Electrosystems Initial Public Offering (IPO) is nearing its conclusion, with the allotment of shares scheduled for August 4. The issue garnered exceptional investor interest during its three-day bidding period, resulting in a substantial subscription level that underscores market confidence in the power electronics sector.IPO Subscription and Market Response The Rs 290 crore public issue was significantly oversubscribed, attracting bids for 75,30,51,244 shares against only 39,87,491 shares available on offer. The demand was bifurcated across investor categories, with Non-Institutional Investors...

Rajesh Power Services Ltd Secures Rs 362.82 Crore Contract from PGVCL Rajesh Power Services Ltd has secured a significant contract order totaling Rs 362.82 Crores (Incl. Taxes) from Paschim Gujarat Vij Company Limited (PGVCL). The agreement involves a major infrastructure project focused on upgrading existing power networks in Jamnagar City-2 Division.The order pertains to a Turnkey Based Contract aimed at converting the current electrical systems into modern underground cable networks. This conversion includes all necessary components, such as 11 kV HT Line and LT Line Network, Consumer Service Lines, and the implementation of a Ring Main System under PGVCL.This domestic contract awarded by PGVCL is scheduled for execution over a...

Investment & Precision Castings Ltd Announces Board Meeting to Review Q2 Financial Results Investment & Precision Castings Ltd has scheduled a meeting of its Board of Directors to review the un-audited financial results for the quarter ending June 30, 2026. The notice also confirmed the closure status of the company's trading window in line with internal policies.The Board meeting is set to take place on Thursday, August 13, 2026, at 10:30 A.M. at the Company’s Registered Office located in Nari Road, Bhavnagar-364006. The primary agenda item for the directors will be to consider and approve the un-audited standalone and consolidated financial results of the company for the quarter ended June 30, 2026.The meeting is also scheduled to...

L&T Secures Ultra-Mega Order from ADNOC Offshore for Major Middle East Project Larsen & Toubro's Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order from ADNOC Offshore for a significant project in the Middle East. The undertaking involves the development of multiple offshore facilities, with LTEH Offshore serving as the lead partner in a consortium arrangement.As the primary partner in the consortium, LTEH Offshore will execute the major portion of the project scope. This includes providing Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for the new offshore facilities, along with the upgrade of existing infrastructure. A considerable amount of the fabrication work will...

Director Ankit Gor Resigns from Systematix Corporate Services Limited Systematix Corporate Services Limited has announced the resignation of Mr. Ankit Gor, who held the position of Director, Investment Banking - ECM and was identified as Senior Management Personnel within the company.The change in personnel is attributed to personal reasons. Mr. Ankit Gor's cessation from Systematix Corporate Services Limited is effective starting August 04, 2026.SYSTMTXC Stock Price Movement As of 9:35 AM, shares of Systematix Corporate Services Limited are slipping by 0.12% in live trading, currently holding at ₹60.15 after the stock dropped ₹0.07 from its previous close. The equity trades within a narrow range for the day, as it reaches to ₹60.15...

BikeWo Green Tech Signs MoU to Acquire Majority Stake in Enlite EV Care, Expanding Services Portfolio BikeWo Green Tech Limited has signed a Memorandum of Understanding (MoU) intended to acquire a majority stake in Enlite EV Care, an established electric vehicle service and maintenance company. This strategic acquisition aims to expand BikeWo's integrated electric mobility ecosystem by incorporating organized vehicle servicing, maintenance, and lifecycle support into its growing portfolio.As the adoption of electric vehicles gains momentum across commercial segments such as last-mile delivery, logistics, and fleet mobility, reliable after-sales infrastructure has become crucial for ensuring vehicle availability and operational...

Thangamayil Jewellery Reports Massive Sales Surge During Aadi Perukku Festival Thangamayil Jewellery Limited announced significant sales performance during the regional festival, Aadi Perukku (Aadi Attara), concluding with substantial year-on-year growth. The company reported that its three-day sales period generated a strong increase compared to the corresponding time in the previous financial year.The festive season saw Thangamayil Jewellery achieve a total sales revenue of Rs. 344.16 Crores over the period from August 1 to August 3, 2026. This performance reflects robust consumer activity during the traditional festival.For comparison, the sales recorded during the same three-day window in the previous financial year were Rs...

SK Hynix Shares Rally Amid Escalating Union Dispute Over Stock-Linked Bonus Payouts Deepening Negotiations Plague Chipmaker's Workforce Relations SK Hynix is currently deep in a prolonged dispute with one of its South Korean unions regarding the structure and delivery of worker bonuses. The company and union representatives are conducting their fifth round of talks on this issue at the factory complex in Cheongju city.The disagreement centers entirely on the lucrative bonus scheme offered by SK Hynix. Last year, the company committed to sharing 10% of its annual operating profit with all workers. This commitment suggests that in 2026, a worker could potentially receive an average payout amounting to 779 million won or $547,127, based...

UPL Ltd Announces Leadership Restructuring Following CEO Transition; Jai Shroff to Lead Global Crop Protection Business UPL Ltd has announced a significant update regarding its senior leadership structure following the departure of Mr. Mike Frank as Chief Executive Officer of UPL Corporation Limited. The transition aims to strengthen execution and streamline operations across the company's global markets, positioning UPL for continued profitable growth.Mr. Frank’s role as CEO concluded on August 31, 2026, following his decision to relocate to the United States. In light of this leadership change, the company has defined new senior roles designed to enhance organizational agility and strategic continuity within its Global Crop...

Mobavenue AI Tech secures Gold and Silver awards at DIGIXX 2026 for client campaigns Mobavenue Media Private Limited (MMPL), a subsidiary of Mobavenue AI Tech Limited (MATL), has received multiple recognitions at the DIGIXX Awards 2026 hosted by Adgully. The awards celebrate MMPL’s work in delivering sophisticated, AI/ML-powered marketing solutions for key clients across several categories.MMPL secured both Gold and Silver awards based on campaigns executed for its customers. These accolades validate the company's capabilities in integrating advanced marketing technologies and data intelligence into client strategies.The specific campaign achievements are detailed below:Award TypeClientCategoryGoldSebamedBest AI/ML-Powered...

Cipla's InvaGen Receives USFDA Inspection Clearance for Long Island Manufacturing Facility Cipla Limited has received confirmation that its subsidiary, InvaGen Pharmaceuticals, Inc., has closed out a critical inspection process with the United States Food and Drug Administration (USFDA). The Establishment Inspection Report (EIR) was granted by the USFDA following the Pre-Approval Inspection (PAI) conducted at InvaGen's manufacturing facility.InvaGen Pharmaceuticals, which is a wholly-owned subsidiary of Cipla Limited, is located in Hauppauge, Long Island, New York, USA. The successful receipt of the EIR signifies the closure of the inspection following the PAI conducted by the USFDA at the American facility.CIPLA Stock Price...

GIFT Nifty Signals Muted Open as CAS-Driven Jump Peaks; RBI Policy in Focus Indian equity markets are poised for a measured start on Tuesday, despite Monday's significant rally. The implied opening from GIFT Nifty suggests a flat bias, likely trading below the high levels set during the newly introduced Closing Auction Session (CAS). Investors remain keenly focused on the Reserve Bank of India’s monetary policy announcement later this week and the ongoing June-quarter earnings season.Market Performance on Monday's Close Indian equities extended their winning streak to four consecutive sessions on Monday, bolstered by broad-based sectoral buying. The Sensex rallied 544.4 points, or 0.7 percent, reaching 78,639. Concurrently, the Nifty...

Meesho Stock Faces Block Deal Pressure as Q1 Profitability Improves and Festive Sales Strategy Shifts Shares of social commerce platform Meesho are set to be under intense scrutiny on Tuesday. This focus is driven by two key developments: a massive institutional stake sale announcement and the release of company's first-quarter earnings report.Peak XV Partners and Elevation Capital are looking to offload a significant portion of their holdings. These early investors plan to sell a combined 2.3 per cent stake through block deals, totaling around Rs 1,900 crore. Morgan Stanley is handling the transaction on behalf of the company. The sale involves nearly 10.5 crore shares at a floor price of Rs 182.08 apiece, which reflects a five per...

Andhra Petrochemicals Ltd Announces Plant Operations Restart Date Andhra Petrochemicals Ltd has confirmed the resumption of its plant operations, effective from August 5, 2026.The company issued the intimation regarding the operational status after previously informing stakeholders on March 17, 2026. The restart marks a significant update in the company’s production timeline.Stock Price Movement Andhra Petrochemicals Ltd settled on Monday at ₹46.40, having shed 2.46% during the session. The shares traded within an intraday band that spanned from a low of ₹45.50 to a high of ₹48.17.

Dividend Rush Alert: 25 Companies Turn Ex-Date; Last Chance to Bag Payouts Worth Nearly ₹430 As many as 25 companies are set to turn ex-record date for dividends this Wednesday (August 5), investors have one final trading day opportunity. This deadline is crucial for those seeking to be eligible for the corporate actions, with accumulated dividend payouts potentially worth nearly Rs 430 across these companies.Due to SEBI's T+1 settlement cycle, investors must acquire the company's shares at least one trading day prior to the record date. Therefore, today represents the final chance to buy the shares and ensure they are credited to a demat account before the requisite deadline on Friday.Key Dividend Payouts Highlighted Today A number...

Mobavenue AI Tech Recognized as Best DSP of the Year at Programmatic Asia Awards 2026 Mobavenue AI Tech Ltd, an AI-powered AdTech and consumer growth company, has received a Gold award for 'Best DSP of the Year -India' at the Programmatic Asia Awards 2026 by Agency Reporter. This recognition highlights the company’s strengthened demand-side platform and programmatic capabilities in the industry.The achievement underscores Mobavenue’s continued commitment to outcome-oriented digital advertising solutions. By leveraging artificial intelligence (AI), data, and audience intelligence, the Company enables businesses to engage relevant audiences with improved precision and efficiency.Through its proprietary technology platforms, Mobavenue...

Global Volatility Hits Fuel Markets: Why Retail Petrol and Diesel Prices Remain Stable Despite Major Export Levy Hike The Centre has significantly increased windfall taxes on petrol and diesel exports amid heightened volatility in global crude oil markets. However, despite these steep levy revisions, retail fuel prices remain stable across major Indian cities on August 4th. This demonstrates the complex interplay between international commodity swings and domestic pricing mechanisms set by government regulation.Government Implements Stricter Windfall Taxes on Fuel Exports In a move intended to discourage excessive exports and ensure adequate domestic availability of petroleum products, the government has adjusted export levies. The...

Vedanta Unlocks Hidden Value by Demerging Real Estate into New Listed Property Platform Vedanta is advancing its corporate restructuring strategy with the announcement of a major demerger, carving out its entire real estate business into a dedicated entity. This move aims to provide clarity and value through market listing, setting up Vedanta Property Platforms (VPP) as a pure-play player in the property domain.The Anil Agrawal-led company has initiated the split through a scheme of arrangement between Vedanta and VPP. Under the proposed vertical demerger, shareholders holding Vedanta equity will be entitled to one fully paid-up share of VPP for every 20 shares held in Vedanta.Details of the Real Estate Demerger into Vedanta...