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ICRA Assigns Credit Ratings for TANFAC Industries Ltd.'s Working Capital and Unallocated Limits ICRA has assigned credit ratings for various instruments of TANFAC Industries Ltd., reaffirming previous ratings for some facilities as of July 31, 2026. The rating includes fund-based, non-fund-based working capital limits, and short-term unallocated limits across several financial institutions.The total rated amount across all instrument types stands at Rs. 195.0 crore. These ratings reflect the status of TANFAC Industries Ltd.'s various operational limits.Key details regarding the credit rating for different instruments are provided below:InstrumentCurrent Rated Amount (Rs. Crore)Rating ActionFund-based limits - Working capital...

HCLTech Completes Acquisition of Telco Solutions Business from Hewlett Packard Enterprise (HPE) HCL Technologies Limited announced that it has successfully completed the acquisition of the Telco Solutions Business from Hewlett Packard Enterprise (HPE).The acquisition was finalized on August 1, 2026, at 9:31 a.m. IST. This completion marks a significant operational update for HCLTech in its expansion strategy.HCLTECH Stock Price Movement Shares of HCL Technologies Limited on Friday slipped by 0.52%, closing at ₹1,346.90 after trading a highly volatile session. The stock saw a low dip to ₹1,294.30 and traded across 3.37 million shares during the day.

Ajit Kumar Panda Appointed Chairman and Managing Director of Container Corporation of IndiaContainer Corporation of India Limited (CONCOR), a Navratna CPSE of the Government of India, has appointed Shri Ajit Kumar Panda as its new Chairman and Managing Director (CMD). The transition follows the superannuation of Shri Sanjay Swamp, who ceased to hold the office of CMD on July 31, 2026.Shri Ajit Kumar Panda assumed the charge of Chairman and Managing Director of CONCOR effective August 1, 2026. His tenure is scheduled until March 31, 2028 (the date of his superannuation) or until further orders, whichever comes earlier.Profile of Ajit Kumar Panda Shri Ajit Kumar Panda holds a BSc Engineering in Mechanical Engineering from NIT...

Global Travel Market Sees Key Shifts: India Rises as Major Spender; Airlines Expand Routes and Digitalization Efforts Gain Pace The global travel industry is undergoing rapid transformation, driven by increased connectivity, simplified processes, and a growing trend toward specialized experiential travel. A recent report notes that India has officially emerged as the world's 11th largest outbound travel spender, reflecting the rapidly growing purchasing power of Indian travelers.Significant developments across international travel routes have been announced, streamlining access between Asia, Europe, and North America. LOT Polish Airlines is connecting Delhi to major California destinations, including Los Angeles and San Francisco, via...

Hyundai Motor India Records Highest Monthly Sales of 75,360 Units in July 2026Gurugram | August 1, 2026: Hyundai Motor India Limited (HMIL) reported achieving a record high total sales volume for the month of July 2026. The company sold 75,360 units across both domestic and export markets, marking a robust year-on-year growth of 25.4%.The impressive monthly tally was fueled by strong performance in both segments. Domestic sales reached 54,210 units, reflecting a 23.3% increase year-on-year, which is noted as the highest figure for any July period. Export sales accounted for 21,150 units, showing a significant rise of 31.4% compared to the previous year.HMIL also highlighted that July 2026 marked its highest monthly export volume...

Expleo Solutions Announces Resignation of Key Managerial and Senior Management Personnel Expleo Solutions Limited has announced the resignation of Mr. Saket Newaskar, confirming his departure from key executive roles within the company. The resignation involves both his capacity as a Key Managerial Personnel (KMP) and as a Senior Management Personnel (SMP).The company confirmed that Mr. Newaskar submitted his formal resignation due to reasons detailed in his personal letter. Following the announcement of his intent to transition, Expleo Solutions specified the conclusion of his service period with the organization.Mr. Saket Newaskar's final working day at Expleo Solutions Limited is August 14, 2026.Key details regarding Mr...

Indian Oil Corporation Announces 67th AGM Details and Declares Rs 1.25 Per Share Dividend Indian Oil Corporation Ltd has announced details regarding its 67th Annual General Meeting (AGM) for the fiscal year 2025-26, along with setting out the dividend amount for shareholders. The company also confirmed the period for remote e-voting and provided necessary data related to the final dividend payment.The 67th AGM is scheduled to be held on Monday, August 31, 2026, at 10:30 am (IST). The meeting will utilize Video Conferencing (VC) or Other AudioVisual Means (OAVM).Shareholders are provided with remote e-voting facilities for all resolutions set out in the AGM Notice. Remote voting is scheduled to commence on Thursday, August 27, 2026...

Clean Science Enters Long-Term Supply Partnership with Kemin Industries Clean Science and Technology Limited has established a strategic long-term supply arrangement with Kemin Industries, securing a significant partnership aimed at serving the food and feed industry.Under the newly formed collaboration, Clean Science and Technology Limited will function as a substantial primary supplier of key ingredients to Kemin Industries. This partnership is formalized for an initial term spanning five years.The agreement aligns with the company's broader business strategy and is expected to support the strategic objectives of both organizations involved in the supply chain.CLEAN Stock Price Movement On Friday, shares of Clean Science and...

Indian Oil Corporation reports superannuation of three senior management personnel Indian Oil Corporation Limited has announced that several members of its senior management team have superannuated from service, effective July 31, 2026. These executives hold positions one level below the Board of Directors at the company.The superannuation involves executive directors in key operational and business development roles across the corporation.Three personnel were cited as having retired from Indian Oil Corporation Limited on the specified date:Sl NoNameDesignation1Shri Ashutosh Kumar MehtaExecutive Director (Construction), Pipeline Head Office2Smt. Dhulipala PadmaExecutive Director (CP & ES), Business Development, Corporate...

GST Collections Surge Past ₹2 Lakh Crore, Hitting 14-Month Peak as Import Taxes Drive Record Growth Gross Goods and Services Tax (GST) collections registered a significant milestone in July, rising 15.4 percent year-on-year to reach ₹2.11 lakh crore. This performance marked the fastest growth seen in 14 months. Furthermore, this represented only the second instance this fiscal year where monthly GST collections have surpassed the crucial ₹2 lakh crore mark.Drivers of GST Growth: Imports and Domestic Consumption The robust surge in overall GST collection was heavily influenced by a sharp increase in import-related taxes. Import-related GST collections jumped 28.8 percent, reaching ₹66,511 crore. This influx highlights the increasing...

SKM Egg Products Schedules Annual General Meeting and Announces Book Closure Dates SKM Egg Products Export (India) Limited has announced key dates regarding its upcoming annual meeting and the subsequent book closure period, following approval by its Board of Directors.The company's 31st Annual General Meeting (AGM) is scheduled for Friday, September 18, 2026. The meeting will be held via Video conferencing (VC) or other Audio-Visual Means (OAVM).To facilitate the AGM and the payment of any dividend declared at the gathering, SKM Egg Products stated that its Register of Members and Share Transfer Books will remain closed during a specific period.The Book Closure is set to run from September 12, 2026, through September 18, 2026...

Hindustan Petroleum Corporation Limited Announces Change in Senior ManagementHindustan Petroleum Corporation Limited (HPCL) has announced a change within its senior management team, effective August 01, 2026. The alteration relates to the position of Executive Director - HSE (Marketing).The company confirmed that Shri Ramakrishnan Subramanian is no longer serving in the role of Executive Director - HSE (Marketing). The transition is attributed to superannuation.This change affects HPCL’s senior leadership structure, as detailed below:NameDesignationReason for ChangeShri Ramakrishnan SubramanianExecutive Director - HSE (Marketing)SuperannuationHINDPETRO Stock Price Movement Hindustan Petroleum Corporation Limited shares...

Ajai Kumar Srivastava Appointed as Director Production on ITI Ltd Board by Government of India ITI Ltd has appointed Shri Ajai Kumar Srivastava as Director Production, effective from July 31, 2026. The appointment was made by the Government of India under the Ministry of Communications.The tenure of the director is set until March 31, 2029, or earlier, should further orders be issued.Shri Srivastava holds a B.Tech in Electronics & Communication and has been associated with ITI Limited since November 1998. He brings 27 years of experience to the role, including serving as a unit head across various plants in Manufacturing and Production.Details regarding the appointment are provided below:DetailInformationAppointedShri Ajai...

Kalyan Jewellers Allocates 10,765 Shares to Employees under ESOP 2020 Kalyan Jewellers India Ltd announced the allotment of equity shares to eligible employees as part of its Employee Stock Option Plan 2020 (ESOP 2020). The decision was made by the Company’s Nomination & Remuneration Committee on August 1, 2026.A total of 10,765 equity shares were allotted to employees upon the exercise of their vested options under the ESOP 2020. These shares have a face value of Rs. 10/- each.The newly allotted shares are confirmed to rank pari passu with the Company’s existing equity shares. Kalyan Jewellers is currently completing the necessary formalities for the listing of these allocated shares.Key Details of Share Allotment The following...

Tanishq, Malabar Gold Rates: Check 22K Gold Price Across Top Jewellers as IBJA Benchmarks Set Gold remains a critical focus for investors and jewelry buyers, with various brands presenting slightly different rates for pure gold jewellery. On August 1, 2026, shoppers planning to purchase gold are advised to compare the current pricing across leading retailers such as Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers.The market provides indicative retail selling rates set by the Indian Bullion and Jewellers Association (IBJA). These standards cover various purities of gold and silver, helping consumers understand the industry-wide pricing benchmarks.Current 22K Gold Rates Across Major Jewellery Brands Tanishq has...

Divi's Laboratories Reports Q1 Results with Consolidated Total Income of 3,144 Crores; Key Management Appointments Made Divi's Laboratories Limited announced its financial results for the quarter ended June 30, 2026, revealing a consolidated total income of 3,144 crores. The company also approved several appointments to its senior management team.The Board meeting held on August 01, 2026, focused on reviewing the unaudited financial results and approving significant personnel changes.Consolidated Financial Performance Highlights For the quarter ended June 30, 2026, the company reported a consolidated total income of 3,144 crores, compared to 2,529 crores in the corresponding quarter of the previous financial year. Profit before tax...

Zodiac Energy Secures Order for 2000 Kwp Ground Mounted Solar PV Power Plant Zodiac Energy Limited has secured a Purchase Order (PO) from a domestic entity in Gujarat, marking a significant contract win in the renewable energy sector. The order involves the supply, installation, and commissioning of a Ground Mounted Solar PV Power Plant with a capacity of 2000 Kwp.The total value of this order is approximately Rs. 7,12,20,600/- (Rupees Seven Crore Twelve Lakh Twenty Thousand and Six Hundred Only), exclusive of Operation and Maintenance (O&M) charges.This contract strengthens the company's position in the renewable energy market and is expected to contribute to its revenues throughout the project execution period.Project and...

MPS Ltd Subsidiaries Undertake Two-Step Merger as Part of Internal Restructuring MPS Limited's subsidiaries are undertaking a two-step merger transaction aimed at optimizing operations and strengthening business presence. The restructuring involves American Journal Experts, LLC, North Carolina (AJE-NC), American Journal Experts, LLC, Delaware (AJE-DE), and MPS North America LLC (MPS NA).The strategic integration process has seen the completion of the First Merger, while the Second Merger is set to become effective in due course. The ultimate goal of this consolidation is to streamline operations, enhance management oversight, and drive revenue growth and profitability through the optimization of administrative, operational, and...

Indian Terrain Fashions Limited Announces Q Ended June 2026 Unaudited Results and AGM Details Indian Terrain Fashions Limited, in a Board meeting held on August 1, 2026, announced the unaudited standalone financial results for the quarter ending June 30, 2026. The company also provided key dates and details regarding its upcoming 17th Annual General Meeting (AGM).The company's performance during the quarter showed a Total Income of 83.23 Cr., which included a Revenue from Operations of 81.74 Cr. and Other Income of 1.49 Cr. The total expenses for the period were 83.09 Cr. This resulted in a Net Profit after Tax of (0.83) Cr.The detailed financial data, prepared as per Ind AS 34, Interim Financial Reporting, is provided below...

CDSL takes 20% Equity Stake in India International Bullion Holding IFSC Limited through Right Issue Central Depository Services (India) Limited (CDSL) has successfully acquired a significant equity stake in India International Bullion Holding IFSC Limited (IIBHL). The investment relates to the first tranche of capital infusion into IIBHL via a right issue.The allotment was completed on July 31, 2026. CDSL acquired 10,00,00,000 equity shares through this transaction. With each share valued at ₹1 (Rupee One Only), the total value of the investment made by CDSL amounted to ₹ 10,00,00,000 (Rupees Ten Crores Only).This capital injection represents a 20% equity stake in India International Bullion Holding IFSC Limited. The transaction...