Markets

Arvind Limited Approves Qualified Institutions Placement (QIP) with Floor Price Set at ₹518.58 Arvind Limited has approved the terms for a Qualified Institutions Placement (QIP) of equity shares, setting the floor price at ₹518.58 per share. The decision follows approvals from both the Board of Directors and the shareholders, paving the way for the start of the placement targeting qualified institutional buyers.The Finance Committee of Arvind Limited approved the QIP on August 3, 2026. This approval came after receiving sign-offs from the Board at its meeting held on July 3, 2026, and subsequent shareholder approval via a special resolution passed through Postal Ballot on August 2, 2026.During the Finance Committee meeting, which...

Power Grid Acquires Krishnagiri REZ Transmission Limited in Strategic Bid Power Grid Corporation of India Limited has successfully acquired Krishnagiri REZ Transmission Limited, a project SPV established for the establishment of an Inter-State Transmission system. POWERGRID emerged as the successful bidder through a Tariff based competitive bidding process managed by PFC Consulting Limited (PFCCL).The acquisition focuses on developing infrastructure vital for integrating the 'Transmission System for integration of Krishnagiri REZ Phase-I'. This project involves establishing two new 765/400kV Sub-stations in Andhra Pradesh. Additionally, the project mandates the construction of 765kV and 400kV transmission lines that will traverse...

PNB Housing Finance Appoints Satish Kumar Singh as Chief Business Officer for Affordable Business PNB Housing Finance Limited has announced changes in its senior management concerning the Affordable Business vertical. Ms Valli Sekar has resigned from her position, and Mr. Satish Kumar Singh has been designated to take over the role of Chief Business Officer - Affordable Business.Ms Valli Sekar tendered her resignation, citing a desire to pursue other opportunities. She will be relieved from her duties as Chief Business Officer (Affordable business) with effect from September 01, 2026.Mr. Satish Kumar Singh has been designated as the Chief Business Officer - Affordable Business and assumed the role effective August 03, 2026. In this...

DOMS Industries Announces Q2 Results for FY 2025-26, Reports Revenue Growth and Acquisition in Pens Business Sector DOMS Industries Limited has released its unaudited financial results for the quarter ended June 30, 2026, presenting both standalone and consolidated performance data. The company confirmed the completion of a strategic asset acquisition in the stationery sector and provided updates on IPO proceeds utilization and facility project timelines.The Board of Directors approved the Q2 results, along with a Limited Review Report prepared by Price Waterhouse Chartered Accountants LLP.Standalone Financial Performance Highlights The Unaudited Standalone Financial Results for DOMS Industries Limited reflect strong top-line growth...

Stove Kraft Reports Robust Q1 FY27 Performance; Revenue Rises 41.3% YoY, PAT Jumps 63.5% Stove Kraft Limited, a prominent brand in home and kitchen appliances across India, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported significant growth across key metrics, driven by strong product demand and improved profitability margins, despite navigating global economic uncertainty and supply chain challenges.The company's performance highlights demonstrate robust expansion in both revenue and profits during Q1 FY27. Revenue saw a substantial increase of 41.3% year-on-year (YoY). Net Profit After Tax (PAT) experienced an even steeper rise, jumping 63.5% YoY to ₹17.1 Crore.Financial...

Borosil Scientific Reports Quarterly Results, Approves ESOP Scheme Amendments Borosil Scientific Limited has released its unaudited financial results for the quarter ending June 30, 2026, and announced modifications to both its Special Purpose Employee Stock Option Plan (SP-ESOP 2023) and Employee Stock Option Scheme (BSL ESOS). The company confirmed these developments following a Board meeting held on August 03, 2026.The Board approved the unaudited financial results for both standalone and consolidated entities, along with a Limited Review Report from the Statutory Auditor.In addition to the financial reporting, the management detailed key changes concerning its employee stock option schemes. The amendments were made with two...

Bharat Gears Limited announces cessation of non-executive independent director Bharat Gears Limited has announced that Mr. Wolfgang Rudolf Schilha has ceased his role as a Non-Executive Independent Director of the company. The change is effective as of August 03, 2026, consequent to the completion of two consecutive terms, each lasting five years.The Board of Directors and Management of Bharat Gears Limited acknowledged and appreciated Mr. Schilha for his valuable contributions and guidance during his tenure with the company.Details regarding this change in directorship include:Name of the DirectorMr. Wolfgang Rudolf SchilhaDIN00374415Reason for changeCessation (End of two consecutive terms of five years each)Date and...

SEBI Orders Dispose of Interim Show Cause Notice Against Religare Enterprises Limited Securities and Exchange Board of India (SEBI) has passed an Order disposing of the Interim Order cum Show Cause Notice issued against Religare Enterprises Limited, according to details provided in the regulatory filing. The order was dated July 31, 2026, and the company received the document on August 03, 2026.The disposition addresses proceedings initiated against REL concerning an earlier notice dated June 19, 2024. This notice originated from SEBI following allegations that Religare failed to cooperate during an Open Offer process, which was launched by certain entities intending to acquire the shares of Religare Enterprises Ltd.According to a...

INOX India Reports Q1 FY27 Results: Revenue Rises 8.3% YoY, Order Book Reaches ₹1,686 Crore Vadodara/Mumbai, August 3, 2026: INOX India Ltd has released its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), which were approved by the Board of Directors. The company reported a total revenue of ₹382 crore for the quarter, marking an 8.3% increase compared to Q1 FY26. Profit After Tax (PAT) stood at ₹61 crore, while EBITDA grew by 1.4% year-on-year to reach ₹90 crore.The results highlight strong underlying market demand, with INOX India securing substantial order inflows totaling ₹532 crore for the quarter. This influx has boosted the company's total order book to ₹1,686 crore, indicating growing confidence...

Invesco Mutual Fund Acquires Shares in Dredging Corporation of India Limited, Stakes Rise to 5.2073% Invesco Mutual Fund has acquired an additional stake in the Dredging Corporation of India Limited (DCIL) through the open market, increasing its total holding to 5.2073%. The acquisition occurred on July 30, 2026.The mutual fund, which holds shares across several schemes including Invesco India Flexi Cap Fund, Invesco India Infrastructure Fund, Invesco India Multicap Fund, and Invesco India PSU Equity Fund, purchased 80,029 equity shares from the open market.Following this acquisition, the aggregate holding of the mutual fund in DCIL stands at 14,58,042 equity shares. The transaction involved no change to the total share capital of...

Massive GoI Bond Auction Announced: ₹32,000 Crore in Dated Securities Available Ahead of August Trading Start Government Offers Two Dated Securities Totaling ₹32,000 Crore to Investors The Government of India (GoI) has announced the sale and re-issue of two distinct dated securities through the Reserve Bank of India (RBI). The offerings come with a total notified amount of ₹32,000 crore. These instruments are designed for institutional investors seeking long-term fixed income assets in the government bond market.The auction is scheduled to take place on August 7, 2026 (Friday), utilizing the multiple price method. The successful bidders will receive their allotment based on the respective quoted yield or accepted cut-off rate...

Remsons Industries Appoints Rahul Desai as CEO to Spearhead Automotive Sector Growth Remsons Industries Ltd., a pioneer in cables and gear sheaves for the automotive industry, has appointed Mr. Rahul Prabhakar Desai as its new Chief Executive Officer (CEO). The appointment is effective from August 3, 2026, and was approved by the Company's Board of Directors at a meeting held on July 27, 2026.Mr. Desai will take the helm as Remsons Industries continues to strengthen its position in the global automotive components market through innovation and operational excellence.Executive Background and Experience Mr. Desai brings over three decades of experience within the automotive manufacturing industry, including more than 17 years in...

Kaya Limited Reports Q1 FY27 Results; Revenue Climbs 14% Amid Losses Due to GST Changes Kaya Limited announced its financial performance for the quarter ended June 30, 2026. The company reported growth in revenue across various business segments, though it posted a higher loss after tax compared to the corresponding period in FY26.The consolidated revenue from operations stood at ₹ 60.1 crs for Q1 FY27, marking a 14% increase over Q1 FY26.Operational performance across key divisions showed steady growth:Business SegmentRevenue Growth (Q1 FY27 vs Q1 FY26)Key Driving CategoriesClinic business16%N/ASkin business19%N/AServices business16%Brightening & Pigmentation, Acne & Scars, AntiAgingHair business17%N/AProduct...

Ganesha Ecosphere Announces Q1 Financial Results; Consolidated Revenue Hits 42,728.65 Lakh Ganesha Ecosphere Limited released its unaudited financial results for the quarter ended June 30, 2026, encompassing both standalone and consolidated operations. The company's management approved the results at a board meeting held on August 3, 2026.The results show sustained operational activity across the parent entity and its subsidiaries. The Company, which is engaged in the manufacturing of products of the same type/class, reported key financial outcomes for the period ending June 30, 2026.Standalone Performance Summary (Q1 FY26) For the quarter ended June 30, 2026, Ganesha Ecosphere Limited reported a Total Income of 26,581.79 (in Lakh)...

Hubtown Limited Announces Quarterly Results and Plans Up To US$ 150 Million Foreign Currency Convertible Bond Issuance Hubtown Limited today released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced plans to raise funds by issuing foreign currency convertible bonds (FCCB), with a committee formed to finalize the terms of the proposed issuance.The Board of Directors held a meeting on August 03, 2026, reviewing and approving these financial results. Hubtown operates primarily in the Real Estate Development sector.Financial Performance Summary The company reported strong performance across both standalone and consolidated metrics for the quarter ended June 30...

Sambhv Steel Tubes Approves 8MW Solar Plant Setup, Releases Q1 Results Sambhv Steel Tubes Limited has announced several key corporate developments following its Board meeting held on August 03, 2026. The company approved the establishment of an 8MW Captive Behind-The-Meter Solar Power Plant at its Kuthrel manufacturing unit, committed to optimizing power costs and sustainability efforts.Additionally, the Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also cleared a proposal to hold its 9th Annual General Meeting (AGM) on Thursday, September 10, 2026, via video conferencing or other audio visual means.Corporate and Operational Updates The Board meeting...

HCLTech completes acquisition of HPE's Telco Solutions business, bolstering AI-driven telecom capabilities NEW YORK and NOIDA, India, August 3, 2026 - HCLTech, a global technology company, has successfully completed the purchase of HPE's Telco Solutions business. This acquisition marks a significant milestone in HCLTech's evolving telecom strategy and strengthens its position as a leader in providing AI- and engineering-led solutions for Communications Service Providers (CSPs).The completion follows the successful integration of HPE's Communications Technology Group (CTG) business in 2024. The strategic move is intended to assist CSPs who are accelerating investments into AI-driven network transformation, next generation...

Ventive Hospitality Limited Appoints Percy P. Muncherji as Head Design and Senior Management Personnel Ventive Hospitality Limited has announced the appointment of Mr. Percy P. Muncherji to its team as a Senior Management Personnel. Mr. Muncherji will assume the role of Head - Design, effective from August 03, 2026.The company confirmed that this appointment follows earlier intimations made regarding the matter on May 12, 2026, and June 30, 2026.Mr. Percy P. Muncherji has joined Ventive Hospitality Limited in the capacity of Head Design (Senior Management Personnel). The designation highlights his role within the company's management structure as of August 03, 2026.VENTIVE Stock Price Movement Ventive Hospitality Limited shares...

DOMS Industries Reports Q1'FY27 Results; Revenue Rises 19.2% Amid Margins Moderation Umbergaon, Gujarat August 03, 2026: DOMS Industries Limited ('DOMS'), a manufacturer and marketer of products for children, adolescents, and young adults, has announced its unaudited Financial Results for the first quarter of financial year 2027 (Q1'FY27).The company, which serves diverse needs through its range of stationery and art materials, reported consolidated performance highlights reflecting robust revenue growth against a backdrop of challenging input costs.Consolidated Key Financial Highlights The results show a strong performance in revenue, while margins were impacted by operational headwinds and increased expenses. The financial data...

Endurance Technologies Completes Divestment of Italian Subsidiary Veicoli Endurance Technologies Limited has completed the divestment of its wholly-owned step down subsidiary in Italy, concluding the transfer of all shares in Veicoli Srl.The company's entity executing the divestiture was Endurance Overseas SpA (EOSpA), which is a wholly-owned subsidiary of Endurance Technologies Limited. As part of a process initiated following a Share Purchase Agreement (SPA), EOSpA divested its 100% shareholding in Veicoli Srl, Italy.Endurance Technologies confirmed that the divestment formalities were completed on August 3, 2026. Following this transaction, Veicoli Srl ceased to be a subsidiary of EOSpA and consequently of Endurance Technologies...