Markets

Samhi Hotels Posts Q1 FY27 Results: Strong Portfolio Occupancy Amid Industry Headwinds Samhi Hotels Limited has reported its financial performance for the first quarter of Fiscal Year 2027 (Q1 FY27), demonstrating resilience amid geopolitical and macroeconomic headwinds. The company reported Total Income of ₹3,083mn, showing a +7.3% year-on-year increase when compared to adjusted figures, while Consolidated EBITDA stood at ₹1,013mn.The results reflect the company's diverse portfolio, which is supported by significant growth projects in both urban business and leisure segments.Financial Summary (Q1 FY27) When analyzing the Q1 FY27 data, it is crucial to distinguish between reported figures and comparable performance metrics, as the...

Nesco Limited Reports Strong Fiscal Performance in 67th AGM; Total Income Crosses ₹1,000 Crores Nesco Limited announced a robust financial year and outlined strategic growth plans at its 67th Annual General Meeting (AGM) held on July 27, 2026. The company reported total income exceeding ₹ 1,000 crores for the first time, reaffirming its commitment to sustainable operations and long-term growth in diverse sectors including realty, exhibitions, and hospitality.The Board of Directors recommended a final dividend of ₹ 7 per share, following the review of the financial results.Financial Highlights and Segmental Performance Nesco delivered substantial revenue increases across several business verticals:MetricValueYear-on-Year Growth...

Aarti Industries Seeks Stock Exchange No Objection for Promoter Reclassification Aarti Industries Limited is pursuing the reclassification of Mrs. Ratanben Premji Gogri from the promoter category to the public category. The company has submitted an application seeking No Objection from both BSE Limited and National Stock Exchange of India Limited regarding this proposed change.The action follows a prior approval by the Board of Directors concerning the reconfiguration of Mrs. Ratanben Premji Gogri's status within the company structure.Aarti Industries Limited has now approached the stock exchanges to obtain necessary clearances for the suggested reclassification of Mrs. Ratanben Premji Gogri. The proposal involves moving her...

RHI Magnesita India Completes Allotment to Khemka in Joint Venture Agreement RHI Magnesita India Limited (RHIM) has finalized key aspects of its joint venture agreement with Khemka Refractories Private Limited, resulting in a restructuring of RHIM Khemka MINPRO Private Limited. The board of directors of the joint venture approved the allotment of shares to Khemka and the appointment of Khemka's nominee directors on the JV Board at a meeting held on August 3, 2026.Under the completed transaction, the company allotted 9,607 equity shares of face value Re.1/- each to Khemka. These shares were issued at an issue price of Rs. 1,990/ per Equity Share, carrying a premium of Rs. 1,989/ per share. The transaction totaled Rs. 1,91,17,930/.The...

India Ratings Affirms 'IND A/Stable' Rating for JSW Renew Energy Ten Bank Loans India Ratings and Research (Ind-Ra) has affirmed the credit rating for the bank loan facilities of JSW Renew Energy Ten Limited. This affirmation was issued on August 3, 2026.JSW Renew Energy Ten Limited is a wholly-owned subsidiary of JSW Energy Limited. The rating relates specifically to the bank loan facilities of the entity.The affirmed credit rating stands at 'IND A/Stable/IND A1'. Industry experts and investors note this affirmation as a material update regarding the financial standing of the renewable energy subsidiary.JSWENERGY Stock Price Movement JSW Energy Limited shares rallied on Monday, finishing the session higher by 2.59% and settling...

Samvardhana Motherson completes acquisition of Vacuform, making it indirect subsidiary Samvardhana Motherson International Limited has completed the acquisition of Vacuform 2000 Proprietary Limited, with the entity now becoming an indirect wholly owned subsidiary of the company.The completion was executed on August 3, 2026, by MSSL Global RSA Module Engineering Limited (MSSL RSA), a 100% step down subsidiary of Samvardhana Motherson International Limited. The acquisition involved purchasing 49% of the equity share capital of Vacuform from its initial promoters.The transaction concludes the process first reported via disclosures on April 27, 2026, and June 30, 2026, regarding the acquisition through MSSL RSA.Following the...

KEC International Secures New Orders Worth Rs 1,063 Crores Across Civil, T&D, and Renewables Segments KEC International Ltd., a global infrastructure EPC major and an RPG Group company, has secured new orders totaling Rs. 1,063 crores across its various business verticals. These wins span civil projects, Transmission & Distribution (T&D), renewables, and cables and conductors.The newly acquired projects cover diverse geographical regions and industries. In the Civil segment, KEC secured a significant order from a renowned real estate developer for the development of 24 lakh sq. ft. of residential buildings along with associated facilities.In the T&D sector, orders include a 400 kV Transmission line project in Africa...

SBI Cards Announces 28th Annual General Meeting and Releases Integrated Annual Report for FY 2025-26 SBI Cards and Payment Services Limited has announced its 28th Annual General Meeting (AGM) and released the Integrated Annual Report for the Financial Year 2025-26. The AGM is scheduled to be held on Monday, August 31, 2026.The company informed members and debentureholders that the 28th AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Notice of the AGM and the Integrated Annual Report for the financial year 2025-26 are being sent electronically to all registered members/beneficiaries.The complete details of the Integrated Annual Report for FY 2025-26 are available online, providing a...

Mahanagar Gas Recommends Final Dividend of Rs 18 Per Share for Financial Year 2025-26 Mahanagar Gas Limited (MGL) has announced a recommendation for a final dividend on its equity shares, setting the record date and upcoming Annual General Meeting (AGM).The Board of Directors at its meeting held on May 07, 2026, recommended a Final Dividend of Rs 18 per equity share. This dividend relates to the financial year 2025-26 and is based on the face value of the stock being Rs 10 each, representing a 180% rate.The company has designated Tuesday, August 18, 2026, as the Record Date for determining the entitlement of shareholders regarding this final dividend payment. The AGM to ratify the dividend is scheduled for Tuesday, August 25, 2026...

Inventurus Knowledge Solutions Executes Syndication Agreement for Financing Facilities Inventurus Knowledge Solutions Limited has announced the execution of a syndication agreement related to financing facilities availed by its subsidiary, IKS Inc. The agreement was executed on August 3, 2026.The syndication agreement involves Inventurus Knowledge Solutions Inc. as the borrower. The move is in connection with various financing facilities procured by IKS Inc., which follows the acquisition of TruBridge, Inc. by IKS Inc.The transaction brought together several key financial entities and participants. Arrangers involved in the process included Citigroup Global Markets Asia Limited, Deutsche Bank AG, Singapore Branch, and JP Morgan...

MITCON Consultancy Establishes Two New Wholly Owned Subsidiaries in Repository and Corporate Support Services MITCON Consultancy & Engineering Services Limited, through its subsidiary MITCON Credentia Trusteeship Services Limited, has remitted subscription money toward the incorporation of two new wholly owned subsidiaries: MITCON Credentia Repository Services Limited and MITCON Credentia Corporate Support Services Limited. These investments were finalized on August 3, 2026.The establishment of these step down entities is intended to support the growth of the Ultimate Holding Company by expanding operations into specialized service areas, namely Repository Services and Ancillary Corporate Support. Both subsidiaries are wholly owned by...

P N Gadgil Jewellers Closes Qualified Institutional Placement; Announces Issue Price of ₹609 Per Share P N Gadgil Jewellers Limited has finalized the outcome of its Qualified Institutions Placement (QIP) of equity shares. The company announced that the issue period for the QIP closed on August 3, 2026, following approvals by the Executive Committee regarding the placement structure and issuance price.The decision confirmed the closure of the issue period subsequent to the receipt of applications and funds from eligible qualified institutional buyers (QIBs). The company approved the release of a total of 114,94,252 fully paid-up Equity Shares through the QIP.P N Gadgil Jewellers determined and approved the final issue price for these...

Samhi Hotels Limited Reports Q1 FY27 Results: Total Income Reaches Rs 3,083 Mn Amid Resilient Growth New Delhi, August 3, 2026: Samhi Hotels Limited, a prominent branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter ended June 30, 2026. The company reported healthy revenue growth supported by sustained operating performance, even amid geopolitical disruptions.Key operational metrics showed robust growth across several areas. RevPAR grew by 9.6% year-on-year (YoY) to Rs 5,219. Occupancy stood at approximately 79.3%, up from approximately 74.2% in Q1 FY26.The company recorded a Total Income of Rs 3,083 Million for the quarter, marking a 10.8% YoY...

Nazara Reports Q1FY27 Revenue of INR 429 Crore; Accelerates Bluetile and BestPlay Acquisition and Appoints New CEO Mumbai: Nazara Technologies Limited today announced its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of INR 429 crore and EBITDA of INR 46 crore. Furthermore, Nazara strengthened its leadership by appointing Raymond A. Stauffer as Chief Executive Officer (effective September 1, 2026), and accelerated the acquisition of Bluetile and BestPlay, confirming a fixed all-cash consideration of USD 303 million.Q1FY27 Financial Highlights Nazara’s consolidated revenue saw a decline of 14% year over year (YoY) following the deconsolidation of NODWIN Gaming from August 2025...

Creative Eye Limited Board Meeting Approves Key Director Changes, Sets Dates for Extraordinary General Meeting Creative Eye Limited held a Board meeting on August 3, 2026, where it reviewed and approved several significant corporate matters, including changes in its directorial strength, operational parameters, and appointments ahead of an upcoming Extraordinary General Meeting (EOGM).The board considered and approved the approval of overall borrowing limits under the Companies Act, 2013, pending member ratification at the EOGM. The meeting also addressed the appointment status of several key personnel.Director Changes and Appointments Key decisions regarding the company's leadership included:Director Appointment: The board...

Jupiter Wagons and Lucchini RS Forge Strategic Partnership to Build India's First Integrated Private-Sector Railwheel Manufacturing Platform Jupiter Wagons Limited (JWL), a provider of mobility solutions and railway engineering products, has announced a landmark strategic partnership with Lucchini RS Holding S.p.A. (LRS), a leading manufacturer of railway wheels and axles. This collaboration aims to establish India's first fully integrated private-sector railwheel manufacturing platform, strengthening industrial cooperation between India and Italy.The partnership involves LRS acquiring a 15% equity stake in Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF). SIMEST S.p.A., an Italian government financial institute backed...

Krishna Institute of Medical Sciences Releases Q1 Results; Approves Loan Advances and Partnerships Krishna Institute of Medical Sciences Limited has released its Unaudited Financial Results for the first quarter ended June 30, 2026. The results cover both standalone and consolidated operations. During a Board meeting held on August 3, 2026, the company also approved several corporate actions, including loan advancements and agreements with partner entities.The financial review reports were conducted by S.R. Batliboi & Associates LLP, the statutory auditors.Financial Performance Overview Standalone Results (Q1 Ended June 30, 2026) Krishna Institute of Medical Sciences recorded significant performance metrics in its standalone results...

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...