Markets

3i Infotech Ltd Granted Relief as Income Tax Appeals Tribunal Deletes Major Transfer Pricing Adjustment 3i Infotech Limited has secured a favorable ruling in an income tax matter concerning Assessment Year 2013-14. The company received an order from the Commissioner of Income Tax (Appeals), which allowed its appeal and deleted a significant transfer pricing adjustment, thereby granting relief to the organization.The assessment was conducted under Section 143(3) read with Section 263 of the Income-tax Act, 1961, where a Transfer Pricing adjustment amounting to ₹34.38 crore had been initially made against the company.Following the appeal, the Hon'ble CIT(A) confirmed the company’s position and ordered the deletion of the entire ₹34.38...

PTC India Limited Faces Income Tax Penalty Notice for Assessment Year 2013-14 PTC India Limited has received a Demand Notice from the Income Tax Department regarding a penalty assessed under Section 271(1)(c) of the Income Tax Act, 1961, pertaining to Assessment Year (AY) 2013-14. The company received the notice on July 31, 2026.The penalty relates to additions made by the Income Tax Department under Rule 8D for AY 2013-14. Initially, the department had identified additions amounting to Rs. 4,65,78,838/-. Subsequently, PTC India Limited secured a favorable order in March 2026, which reduced this disallowance from Rs. 4,65,78,838/- to Rs. 12,12,357/-. Based on the amount of the reduced disallowance, the company was issued a Penalty...

Muthoot Finance Reports Strong Q1 FY27 Results; Consolidated AUM Reaches New High Muthoot Finance Limited announced its unaudited financial results for the quarter ended June 30, 2026, highlighting robust growth across its lending portfolio and profitability. The consolidated Loan Assets Under Management (AUM) reached ₹ 1,91,532 crores, reflecting a significant year-on-year increase of 43%.The company's Consolidated Profit After Tax stood at ₹ 2,825 crores for the quarter, marking a 43% rise compared to the previous year. Meanwhile, Standalone Loan AUM grew by 43% to ₹ 1,72,053 crores, while standalone profit increased by 25% to ₹ 2,550 crores. The Consolidated Gold Loan AUM reached ₹ 1,75,527 crores, showing a 48% year-on-year...

EPACK Durable Limited Enters Agreement with Adfactors PR for Public Relations ServicesEPACK Durable Limited has finalized an agreement with Adfactors PR Private Limited to manage and procure public relations services. The arrangement focuses on providing professional PR support to the company, as per terms outlined in the executed contract.The agreement details specify the purpose of engaging Adfactors PR Private Limited, stating that the entity will be utilized "For availing Public Relations services."Regarding the contractual relationship, key financial and structural parameters have been established:ParticularsDetailsParties to AgreementEPACK Durable Limited and Adfactors PR Private LimitedPurpose of AgreementAvailing...

Urban Enviro Waste Management Awarded ₹14 Crore Contract for Waste Disposal Services in Uttarakhand Urban Enviro Waste Management Limited, formerly known as Nagpur Waste Handling Pvt Ltd, has been awarded a significant work order by Nagar Palika Parishad Kichha in District-Udham Singh Nagar, Uttarakhand. The contract involves the comprehensive collection and disposal of waste management services within the region.The work order was received on August 1, 2026, and covers extensive waste management activities for the local body. These services encompass garbage segregation and unloading, handling liquid waste, and managing dry waste materials. This domestic contract holds a total value of ₹ 14,57,86,266.67 and is set to run over a...

Krishna Defence Bags Order from Ministry of Defence for Supply of Special Steel Products Krishna Defence and Allied Industries Limited has secured a contract valued at approximately Rs. 20.00 Crore from the Ministry of Defence for the supply of special steel products. This significant order win positions the company in the defense sector, reflecting its engineering capabilities in specialized materials production.The contract pertains to the supply of Special Steel Products and was awarded by the Ministry of Defence, a domestic entity. The total value of the order is approximately Rs. 20.00 Crore, inclusive of taxes.Krishna Defence and Allied Industries Limited has confirmed that there are no related party transactions involved in...

Archean Reports Q1FY27 Results Amid Operational Challenges; Strategic Investments Focus on SiC and Energy Storage Archean Chemical Industries Limited has reported its first quarter results for fiscal year 2027 (Q1FY27), showing mixed operational outcomes alongside significant strategic investments in advanced materials and energy storage. The company continues to execute its global expansion strategy, securing stakes in specialized fabrication facilities both in the UK and the USA.Q1FY27 Financial Overview For the quarter ended June 30, 2026, Archean reported consolidated total income of Rs 3,328 million. The company’s performance across segments showed varied trends, impacted by logistics challenges and market dynamics in various...

Harsha Engineers International Limited Announces Retirement of General Manager Rajesh Nirmal Harsha Engineers International Limited has announced the retirement of Mr. Rajesh Nirmal, who held the position of General Manager (Logistics & Commercial) at the company. His cessation of service occurred effective from close of business hours on August 1, 2026, due to his attaining the age of superannuation.The company acknowledged the departure of Mr. Nirmal, who served in a key operational role within the organization.Key details regarding the senior management personnel change are summarized below:DetailInformationNameMr. Rajesh NirmalRoleGeneral Manager (Logistics & Commercial)Reason for CessationRetirement on attaining...

Kilitch Drugs Announces Book Closure and Schedule Details for 34th Annual General Meeting Kilitch Drugs (India) Limited has announced the schedule for closing its Register of Members and Share Transfer Register, along with details concerning the company's 34th Annual General Meeting.The book closure period is scheduled to run from Thursday, August 20, 2026, through Thursday, August 27, 2026 (both days inclusive). The cut-off date for determining members eligible to receive the Notice of the AGM and Annual Report was set as Friday, July 24, 2026.The details regarding the book closure and the purpose have been provided below:SymbolTypeBook Closure PeriodPurposeNSE: KILITCH BSE: 524500EquityThursday, August 20, 2026 to Thursday...

Vedanta Aluminium Metal Limited Updates Corporate Identification Number and Confirms Listed Status Vedanta Aluminium Metal Limited has successfully transitioned its Corporate Identification Number (CIN), reflecting a change in corporate status following its equity listing on stock exchanges. The company's CIN was updated from U24202MH2023PLC411663 to L24202MH2023PLC411663.The change corresponds with the company's status update on the Ministry of Corporate Affairs (MCA) portal, which has been updated from "Unlisted" to "Listed."Key operational and financial details for Vedanta Aluminium Metal Limited include:DetailStatus/FigureCompany NameVedanta Aluminium Metal LimitedDate of Incorporation06/10/2023Company ClassPublic...

Hero MotoCorp Posts Robust Growth in July 2026, Reporting Strong Double-Digit Dispatches Hero MotoCorp, the world's leading manufacturer of motorcycles and scooters, reported a strong continuation of its growth trajectory in July 2026. The company recorded total dispatches of 533,416 units, marking robust 19% year-on-year growth compared to 449,755 units dispatched during the same period in the previous year.The Company's domestic Internal Combustion Engine (ICE) business maintained a strong retail momentum, registering dispatches of 478,689 units in July 2026. This figure is compared to 401,171 units from the preceding year and reflects approximately 19% year-on-year growth.This sustained domestic performance was attributed to...

Indian Bank Announces Senior Management Appointments and Role Changes Effective August 1, 2026 Indian Bank has made updates regarding its senior management personnel and functional heads, announcing changes in assignments within key departments of the bank. These organizational changes are effective starting from August 1, 2026.The designations and profiles of the individuals involved in the assignment changes were released by the bank.A summary of the changes in assignment for both personnel is detailed below:NamePrevious AssignmentNew AssignmentProfile HighlightsShri Himanshu KansalGeneral Manager, CMC & RecoveryChief General Manager- CMC & RecoveryHolds a Post Graduate Diploma in Finance Management and diploma in...

Aarti Surfactants Releases Q1 Financial Results for FY27; Net Profit Reaches 907.70 Lakhs Aarti Surfactants Limited has released its Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026. The results detail the financial performance of the company over three months, as well as year-to-date figures. These statements have been subject to a limited review by Gokhale & Sathe Chartered Accountants.The Company operates in the home and personal care ingredients segment. The results reflect the outcomes for both the Holding Company and its wholly owned subsidiary, Aarti HPC Limited, for the consolidated statement.Standalone Financial Performance Highlights (Q1 FY27) For the quarter ended June 30, 2026...

TNSL Launches Final Diving Support Craft for Indian Navy, Highlighting Indigenous Shipbuilding Capabilities Kolkata: Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited (TRSL), successfully launched its fifth and final Diving Support Craft A24 (YARD 329) for the Indian Navy. The vessel marks the completion of a series of five Diving Support Crafts (DSCs) built under the Government of India's Make in India initiative.The launch ceremony took place on August 1, 2026, and was attended by approximately 200 guests. Mrs. Kamal Singh, wife of Vice Admiral Gurcharan Singh, AVSM, NM Chief of Personnel, performed the traditional naming and launch of the vessel into the Hooghly River at 1505 Hrs...

SJVN Limited Makes Senior Management Changes; Officials Promoted to Executive Director Level SJVN Limited has announced changes within its senior management team, including the superannuation of two long-serving officials and the promotion of others into key executive director roles.The company confirmed that Shri Baljeet Singh and Shri Rajesh Kumar Sharma ceased their duties as Senior Management upon reaching retirement age on July 31, 2026.In recognition of their performance and experience, SJVN Limited promoted two individuals to the Executive Director level: Shri Manmeet Gupta and Shri Vikas Sharma. The terms of appointment for both new Executive Directors are set to run concurrently with the date of superannuation or until...

GPCB Revokes Closure Direction for Aarti Drugs; Operations Permitted After EDC Levy Aarti Drugs Limited has successfully secured a revocation order from the Gujarat Pollution Control Board (GPCB), allowing the company to resume operations at its Sayakha plant. The resolution follows an earlier closure direction issued by the GPCB after certain non-compliances were noted during an inspection.The company had initially received a Closure Directions letter from the GPCB under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974. This directive mandated the temporary closure of Amines manufacturing operations at the plant located in Saykha Industrial Estate, Dist. Bharuch, Gujarat, effective 15 days from the date of the...

IRFC Reports ESG Performance, Highlights Shift to Green Financing and Operational Efficiency in FY 2025-26 Indian Railway Finance Corporation Limited (IRFC), a key government undertaking dedicated to funding the railway ecosystem, has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report details the company's environmental, social, and governance (ESG) commitments, outlining significant steps toward sustainable finance and operational optimization while maintaining its role as a major financial enabler for Indian Railways.IRFC, incorporated on December 12, 1986, operates primarily in the financial leasing sector, with Financial Leasing constituting 95.50% of its turnover. The...

Kewal Kiran Clothing Limited Appoints Chief Human Resources Officer Ms. Farzeen Khan Kewal Kiran Clothing Limited has appointed Ms. Farzeen Khan as its new Chief Human Resources Officer. The appointment is effective from August 1, 2026, and designates a full-time role for the senior executive.The selection of Ms. Khan brings over two decades of experience in various industries. She possesses extensive expertise spanning Apparel, Finance, Retail, and Telecom sectors.Ms. Khan's profile includes deep knowledge in several specialized areas critical to modern corporate management. These areas encompass HR Transformation, organizational restructuring, talent development, leadership development, cultural transformation, and change...

Amj Land Holdings Announces Changes in Key Management Personnel: New CFO and Company Secretary Appointed Amj Land Holdings Limited has announced significant changes regarding its senior management team, noting the resignation of a Chief Financial Officer (CFO) and announcing the appointments of new personnel to key managerial roles. The Board of Directors approved these structural changes during a meeting held on August 1, 2026.The company reported that Mr. Surendra Kumar Bansal resigned from his position as CFO, effective August 1, 2026, due to personal reasons. Despite this change in financial oversight, Mr. Bansal will continue to serve the Company as a Whole-time Director and Key Managerial Personnel.To fill the crucial role of...

Balmer Lawrie Reports Q1 FY26-27 Financial Results; Announces AGM Dates and Dividend Record Date Balmer Lawrie & Company Limited, a Government of India Enterprise, has released its Unaudited Financial Results for the first quarter of Fiscal Year 2026-27 (ending June 30, 2026). The company also announced key dates related to its upcoming Annual General Meeting and dividend payments.The Board of Directors approved the results at a meeting held on August 1, 2026, along with the Limited Review Report of the Statutory Auditors.Financial Performance Highlights (Q1 FY26-27) The company reported both standalone and consolidated financial figures for the quarter, alongside segment performance data.Standalone Unaudited Results: In the first...