Markets

Maruti Suzuki Announces Q1 Financial Results for FY 2026-27 and Approves CBG Manufacturing Projects Maruti Suzuki India Limited today announced its financial performance for the first quarter (Q1) of the fiscal year 2026-27 (April-June), confirming a significant rise in sales volume. The company also approved four new projects related to Compressed Biogas (CBG) manufacturing.The Board of Directors reported that total sales volume grew by 29.3% compared to the corresponding period last year. Sales growth was distributed across segments, with domestic small cars sales increasing by 34.1%, SUVs up by 44.6%, and exports growing by 28.6%.The company's domestic market share saw a rise of 2.3 percentage points, reaching 41.2%. This...

Acquirer Group Initiates Open Offer in Onyx Biotec Acquisition A collective of four individuals, referred to as the Acquirers, has initiated a substantial acquisition process targeting public shareholders of Onyx Biotec Limited (OBL). The move involves both a Share Purchase Agreement (SPA) with existing promoters and an open offer to the general public.The Acquirers—Kunal Bhardwaj, Gautam Bhardwaj, Kanhaiya Bhardwaj, and Kapil Bhardwaj—are in the process of acquiring a significant stake in OBL. The transaction is being facilitated by V C Corporate Advisors Private Limited.Transaction Scope and Shareholding Details The acquisition involves two components: the purchase of shares from existing promoters and an open offer to the public...

TruCap Finance Limited Announces Resignation of Chief Credit Officer Mahendra Kumar ServaiyaTruCap Finance Limited has announced the resignation of Mr. Mahendra Kumar Servaiya as the Chief Credit Officer, stating that he has ceased to be a senior management personnel of the company. The change is effective from close of business hours on July 31, 2026.Mr. Servaiya resigned as Chief Credit Officer following nine years or more with the organization. He indicated that his resignation was due to tender age and health issues experienced over the past year.The details concerning Mr. Servaiya's tenure and departure are summarized below:ParticularsDetailsName of OfficerMr. Mahendra Kumar ServaiyaRoleChief Credit OfficerDate...

Directors and Statutory Auditors Appointed at Indus Fila Limited Indus Fila Limited has seen key appointments following its 27th Annual General Meeting (AGM) held on July 30, 2026, approving the designation of new directors and the appointment of statutory auditors. Shareholders approved the appointment of Mr. Abay Mandhana as a Whole-time Director, Ms. Kanikella Hepzibah Rathna Glory as an Independent Director, and M/s CAAG and Associates as the company’s Statutory Auditors.The details regarding the appointed directors are presented below:ParticularsAbhay MandhanaKanikella Hepzibah Rathna GloryDesignationRe-designated as Whole-time DirectorContinuation of Independent DirectorshipDate of Appointment & TermJuly 30, 2026...

Dhampur Bio Organics Limited Announces Resignation of Vice President Finance & Accounts Dhampur Bio Organics Limited has announced the resignation of its senior management personnel, Mr. Lalit Dalal, who served as the Vice President - Finance & Accounts of the company.Mr. Dalal tendered his resignation to pursue career opportunities outside the organization. The change in leadership status was noted, with his cessation effective from the close of business hours on July 31, 2026.The details concerning this management transition are as follows:ParticularsDetailsReason for changeResignationDate of cessation and term of appointmentw.e.f. to the close of business hours of July 31, 2026The resignation was tendered by Mr...

FIEM Industries Announces Key Directorship Changes and Reappointments at Annual General Meeting FIEM Industries Limited confirmed several significant changes in its directorship and key managerial personnel following the company’s 37th AGM, held on July 31, 2026. The AGM approved the re-designation and appointment of existing directors and the re-appointment of other senior management roles, solidifying the leadership structure of the company.Senior Leadership Changes The AGM saw the re-designation and appointment of Mr. Jagjeevan Kumar Jain as Executive Chairman (Key Managerial Personnel). Mr. Jain’s tenure in this role spans from June 1, 2026, until August 6, 2030. He was recognized for his extensive entrepreneurial experience in...

Bank of Baroda reports change in Key Managerial Personnel due to Superannuation Bank of Baroda has noted a change concerning one of its senior personnel following the superannuation of a key executive. The update details the cessation of the service of Shri Elango Balasubramaniam, who held the position of Group Chief Compliance Officer at the bank.The necessary changes have been recorded following the event which occurred on July 31, 2026. This report covers the transition in Key Managerial Personnel (KMP) related to the mentioned officer.Details regarding the personnel change are as follows:Name of KMPDesignation of KMPReason for ChangeDate of CessationShri Elango BalasubramaniamGroup Chief Compliance...

NINtec Systems Limited Announces Resignation of VP Talent Acquisition & Operations NINtec Systems Limited has announced a change in its senior management personnel. Mr. Chainsingh Rathod has resigned from his position as Vice President (VP) of Talent Acquisition and Operations at the company. The resignation is attributed to prior other commitments, effective from the closure of business hours on 31st July, 2026.Mr. Rathod’s tenure included the role of VP-Talent Acquisition & Operations. He resigned due to alternate career opportunities.Key details regarding the change in management personnel are summarized below:ParticularsDetailsPersonnel AffectedMr. Chainsingh RathodPosition HeldVP - Talent Acquisition & Operations...

TCC Concept Limited Announces Merger as Wholly Owned Subsidiary ALTRR Merges by AbsorptionTCC Concept Limited has approved a Scheme of Amalgamation involving its wholly owned subsidiary, ALTRR Software Services Limited. The merger is structured as a Merger by Absorption, bringing ALTRR into TCC Concept Limited to achieve greater consolidation and streamline operations across the corporate structure.The proposed transaction involves the amalgamation of ALTRR Software Services Limited with TCC Concept Limited. The Scheme aims to integrate the businesses and operations of the subsidiary with the parent company, seeking to realize administrative synergies and simplify legal and regulatory requirements.Transaction Details and Financial...

Hyundai Motor India Recommends Final Dividend of 210% and Details Tax Deduction at Source Rates Hyundai Motor India Limited has released details regarding the proposed payment of a final dividend for the financial year ended March 31, 2026, providing comprehensive guidance on the applicable Tax Deduction at Source (TDS) rates as mandated by the Income Tax Act, 2025.The Board of Directors recommended a final dividend amounting to 210% of the face value of the stock. This equates to Rs. 21.00 per equity share, against which the shares are fully paid up at Rs. 10/- each. The recommendation was made during a meeting held on May 08, 2026, and is subject to approval by shareholders at the Annual General Meeting (AGM) scheduled for August...

Ram Ratna Wires Reports Strong Q1 FY27 Results; Revenue Jumps 89% Ram Ratna Wires Limited (RRWL), a leading manufacturer of winding wires and strips and copper tubes in India, announced robust financial results for the quarter ended June 30, 2026. The company reported significant year-on-year growth across key metrics, including revenue, operating EBITDA, and profit after tax (PAT).The results reflect strong demand and successful execution as RRWL commenced FY27.Financial Performance Snapshot For the quarter ended June 30, 2026, Ram Ratna Wires demonstrated marked profitability improvements compared to Q1 FY26. The company’s Revenue from Operations reached ₹ 1,853.3 Cr, marking an increase of +88.6% year-on-year. Operating EBITDA...

Concord Biotech Reports Q1 Financial Results with Revenue of Rs 27.03 Cr Concord Biotech Limited has released its unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The results were reviewed by Statutory Auditors BSR & Co. LLP.The company's performance showed variations across segments, with consolidated income reaching Rs 27,031.49 lakhs, while standalone total income stood at Rs 27,361.35 lakhs for the quarter. The Board of Directors approved these results following a meeting held on July 31, 2026.Financial Performance Overview (Consolidated) The consolidated statements detail the company's financial activity across its parent and subsidiaries. Total income from operations for the...

Lupin Limited Gains FDA Approval for Diazepam Injection, USGing Health Outcomes Global pharmaceutical major Lupin Limited has announced receiving regulatory approval from the U.S. Food and Drug Administration (FDA) for its Diazepam Injection USP, securing a key market access point in the United States.The approval pertains to the Abbreviated New Drug Application for Diazepam Injection USP, 10 mg/2 mL (5 mg/mL), Single-Dose Prefilled Syringes. The FDA granted the approval under the Federal Food, Drug, and Cosmetic Act (FD&C Act).Lupin's product has been certified as bioequivalent to the reference listed drug (RLD) Valium® Injection 10 mg/2 mL (5 mg/mL), manufactured by Hoffman-LaRoche, Inc. The injection is indicated for both the...

Rolex Rings Completes Extinguishment of 10 Million Equity Shares in Buyback Transaction Rolex Rings Limited has completed the extinguishment of 10,000,000 equity shares following a tender offer buyback. The transaction was concluded at a price of INR 180/- per share, accounting for an aggregate consideration of INR 180 Crores.The buyback marked a significant operational update for the company's capital structure. Prior to the extinguishment, Rolex Rings Limited held 272,333,120 equity shares, and following the completion of the process, the total outstanding equity share capital stands at 262,333,120 shares.The completed transaction details regarding the shift in company capital are as follows:StatusEquity Shares Before...

SBFC Finance Limited Allots Nearly 900,000 Shares Under ESOP Schemes; Paid-Up Capital Increases SBFC Finance Limited has completed the allotment of equity shares to employees and ex-employees under various Employee Stock Option (ESOP) schemes. The issuance resulted in a significant increase in the company's issued and paid-up equity share capital.The company allotted a total of 899,942 equity shares across several ESOP initiatives on July 31, 2026. These allotments are drawn from the SBFC Stock Option Policy schemes spanning different years, including policy variations such as "SBFC STOCK OPTION POLICY 2021 II" and "SBFC STOCK OPTION POLICY 2023 III."The details of the equity share allotment across the various schemes are provided...

Brookfield Launches Lumara Renewable Energy Platform in India; Westlife Foodworld Reports Profit Decline Global Companies Drive AI Innovation, Auto Manufacturing Reaches Milestone as Financial Results Emerge Global investment firm Brookfield has introduced Lumara, a new renewable energy platform aimed at accelerating solar, wind, and battery storage projects across India. The platform will deploy approximately $600 million, backed by an initial portfolio exceeding 6 GW of capacity.Lumara is designed to overcome common industry bottlenecks, focusing specifically on projects facing delays in land acquisition, grid connectivity, or power purchase agreement (PPA) contracting. The initiative aims to advance assets earlier in their...

Thermax Approves Re-appointment of Dr. Ravi Shankar Gopinath as Non-Executive Independent Director Thermax Limited has approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director. The decision was made by the company's shareholders at the 45th Annual General Meeting (AGM) held on Thursday, July 30, 2026.Dr. Gopinath has been re-appointed for a second term spanning five consecutive years. His new tenure is set to run from November 10, 2026, until November 9, 2031.The AGM meeting saw the approval of this re-appointment, securing Dr. Gopinath's role for the extended period.Director Profile and Experience Dr. Ravi Shankar Gopinath possesses extensive experience in technology strategy and leadership...

LIC Receives Demand for GST, Interest, and Penalty Over Past Financial Years Life Insurance Corporation of India (LIC) has received a demand order concerning Goods & Service Tax (GST), interest, and penalty from the Commissioner Appeals CGST & Central Excise in Allahabad. The demand pertains to financial years 2018-19, 2019-20, and 2020-21, following allegations of excess Input Tax Credit (ITC) claiming and short tax payment.The details of the demand received by LIC on July 31, 2026, are as follows:Financial DetailDescriptionAuthorityCommissioner Appeals CGST & Central Excise, AllahabadYears CoveredF.Y. 2018-19, 2019-20, and 2020-21Demand for GST and PenaltyINR 95,23,84,119/-Interest AmountAs ApplicableViolation...

ABB India Reports Q2 CY2026 Results: Revenue Rises 21% Amid Sectoral Growth ABB India Limited has reported its unaudited financial results for the second quarter of Calendar Year 2026, highlighting robust growth in order momentum and revenue across core segments. While total revenues showed a positive execution trend, profitability faced challenges due to currency volatility and commodity price movements.The company's Q2 CY2026 figures reflect strong performance in securing orders, with Total Orders Received increasing by 50% compared to Q2 CY2025. Revenue for the quarter stood at INR 3,559 crores.Financial performance metrics for ABB India Ltd during the second quarter are detailed below:Performance IndicatorQ2 CY2026 (INR...

Grand Continent Hotels Lands Revised MOU to Operate Hotel in Tamil Nadu Property Grand Continent Hotels Limited has entered into a revised Memorandum of Understanding (MOU) with M/s. EVP Film City for the purpose of establishing and operating a hotel on the property located in Chennai, Tamil Nadu. This revised agreement supersedes the previous MOU dated September 18, 2024, reaffirming the terms of the intended commercial arrangement.The partnership involves Grand Continent Hotels Limited (GCH) and EVP Film City, which is the owner of the site. The transaction was structured to ensure a definitive commercial arrangement for operating a hotel in the property located at EVP Santhosha Nagar, Chennai - Bangalore National Highway...