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GSM Foils Limited reports firing incident involving Managing Director; Operations continue normallyGSM Foils Limited announced that an unfortunate firing incident involving its Managing Director, Mr. Mohansingh Parmar, took place in the Naikpada area of Vasai-Virar. Immediately following the incident, Mr. Parmar received medical attention and is currently receiving appropriate medical care, with his health reported to be stable and improving.The company stated that the matter has been reported to the concerned law enforcement authorities, and an investigation is underway.In connection with the ongoing investigation, the company confirmed that Mr. Sagar Bhanushali, Whole-time Director of GSM Foils Limited, has been taken into...

RBI Issues 64 Master Directions: Rationalizing Banking Regulations to Cut Compliance Costs The Reserve Bank of India (RBI) has significantly streamlined the regulatory landscape for its regulated entities, issuing a set of consolidated Master Directions. This move aims to refine and strengthen the supervisory framework while rationalizing requirements and minimizing compliance costs across various banking sectors. The announcement represents a major step toward simplifying complex banking oversight within the financial system.Consolidating Regulatory Requirements: From 628 Circulars to 64 Master Directions The RBI, through its Department of Supervision, undertook a comprehensive exercise to overhaul existing supervisory instructions...

JK Lakshmi Cement and Subsidiaries Face Litigation Over Land Allotment in Assam JK Lakshmi Cement Limited, along with its subsidiary Mahabal Cement Pvt. Ltd., is facing litigation concerning the allotment of lands in Dima Hasao district, which has implications valued at ₹ 103.16 Crores.The company received a notice on July 30, 2026, regarding a writ petition filed before the Hon'ble Gauhati High Court. The suit was initiated by Prosanjit Nunisa and 66 other petitioners against the Union of India and 13 other parties, which include JK Lakshmi Cement Limited and its subsidiary.The legal dispute pertains to the allotment or leasing of approximately 3,000 Bighas of land in Dima Hasao district. The lands were allotted by respondent...

Viceroy Hotels Limited Announces Change in Statutory Auditor for Subsidiary SLN Terminus Hotels & Resorts Private Limited Viceroy Hotels Limited confirmed a change in its statutory auditors for its wholly-owned material subsidiary, SLN Terminus Hotels & Resorts Private Limited. The Board of Directors of the subsidiary company approved the appointment of M/s KGM & Co., Chartered Accountants to fill a vacancy created by the resignation of M/s Dhanunjaya & Haranath, Chartered Accountants.The change in auditing firms pertains to SLN Terminus Hotels & Resorts Private Limited. M/s Dhanunjaya & Haranath tendered their resignation as Statutory Auditors, citing changes in the management consequent to Viceroy Hotels Limited's acquisition and...

GAIL Releases Q1 FY 2026-27 Investors Presentation, Highlights Capex and Segmental Performance GAIL (India) Limited, a Government of India Undertaking and a Maharatna Company, has released its Investors' and Analysts' Presentation for the first quarter of fiscal year 2026 to 2027. The presentation provides detailed insights into the company’s operational status, financial standing, and capital expenditure structure.Capital Expenditure Breakdown for Q1 FY 2026-27 GAIL reported a total Capex spend of Rs 6,176 crores in the first quarter. This figure is against the annual planned capex of approximately Rs 11,500 crores set for FY2026-27.The breakdown of the operational expenditures and investments was as follows:Capex BreakupAmount...

Urban Company Reports Strong Q1 FY27 Results as Consolidated NTV Reaches ₹1,465 Cr Urban Company Limited delivered a strong performance in its first quarter of fiscal year 2027 (Q1 FY27), reporting that consolidated Net Transaction Value (NTV) reached ₹1,465 Cr. The company maintained a focus on growth and improving economics across its operations.On a consolidated basis for Q1 FY27, Urban Company saw NTV grow 42% year-on-year to ₹1,465 Cr., while Revenue from Operations grew 44% YoY to ₹528 Cr. Adjusted EBITDA for the quarter was reported at ₹(65) Cr., reflecting a ₹(132) Cr. investment in InstaHelp. However, when excluding InstaHelp, the company recorded an Adjusted EBITDA of ₹67 Cr., more than double the equivalent amount generated...

VIDA Expands EVOOTER Portfolio in India, Offering Multiple Charging Options Across Electric Mobility Range VIDA, powered by Hero, has expanded its electric mobility portfolio with the introduction of the VIDA EVOOTER VX2 Go FB (3.1 kWh). This launch provides riders with a crucial choice between direct-plug convenience and removable-battery flexibility, advancing the brand's vision of 'GHAR GHAR EVOOTER'.The new variant is available at an ex-showroom price of INR 1,13,000/- in New Delhi. The introduction of this model addresses diverse consumer needs, allowing buyers to select a tailored solution whether they prefer charging directly into a standard wall socket or require the versatility of a removable battery.The VIDA EVOOTER VX2 Go...

Welspun Captive Power Generation Stake Transfer Completed; Subsidiary Changes Status to Associate Company Welspun Living Limited has confirmed the completion of a significant equity transfer involving its subsidiary, Welspun Captive Power Generation Limited (WCPGL). The transaction saw a promoter group company, Welspun Corp Limited (WCL), acquire a stake in WCPGL.The transfer involved 150,64,213 equity shares of WCPGL, valued at Rs. 10/- each. This share transfer was completed on July 31, 2026, with Welspun Corp Limited acquiring the shares for a consideration of Rs. 67.65 Crores.Following this transaction, the company confirmed that WCPGL will cease to be a Subsidiary of the issuer and its status will change to an Associate...

CORONA Remedies Reports Strong Q1 FY27 Results, Driving 21.9% Revenue Growth and 30.1% PAT Increase Ahmedabad | July 31, 2026 – CORONA Remedies Limited, a leading India-focused pharmaceutical company, has announced its unaudited financial results for the first quarter of the fiscal year 2027 (Q1FY27). The company reported robust revenue and resilient margins, attributing the performance to consistent brand building initiatives and enhanced operational efficiencies.The Q1FY27 results demonstrated significant growth across key metrics. Revenue from Operations stood at ₹422.4 Cr, marking a 21.9% year-on-year (Y-o-Y) increase compared to the previous year. Concurrently, Profit After Tax (PAT) for Q1FY27 reached ₹60.1 Cr, reflecting a...

Clear Secured Services Limited Board Approves IPO Proceeds Utilization Revision and Surety Bond Execution Clear Secured Services Limited, which was formerly known as Clear Secured Services Private Limited, announced that its Board of Directors passed several key resolutions on July 31, 2026. These decisions focus on the utilization of unutilized Initial Public Offering (IPO) proceeds and the authorization required for executing surety bonds.The company’s board approved two principal items through circulation on Friday, July 31, 2026. The first resolution concerns the Utilization of Unutilized IPO Proceeds, specifically addressing a revision to the timeline for their usage.The second resolution grants approval for the Subscription...

PNC Infratech Secures Rs 302.44 Crore EPC Contract for Pantnagar Airport Works PNC Infratech Limited has been awarded a contract valued at Rs 302.44 Crore to undertake extensive air and land side works at Pantnagar Airport in Uttarakhand. The company received the Letter of Intent (LOI) from the Airports Authority of India (AAI) on July 31, 2026.The contract is for Engineering, Construction Procurement and Commissioning (EPC). The project covers a wide range of civil, mechanical, electrical, and system installations at the airport.According to the details released, PNC Infratech will manage both cityside works and airside works at Pantnagar Airport. The scope includes:Cityside Works: Detailed designing, engineering, procurement...

Mufin Green Finance Limited Approves Issuance of Secured Non-Convertible Debentures in Private Placement Mufin Green Finance Limited has approved two tranches of secured, non-convertible debentures (NCDs) on a private placement basis, as decided by its Management Committee during a meeting held on July 31, 2026. These issuances are intended to raise funds for the company through the sale of listed instruments on the BSE Limited stock exchange.The approved transactions cover different aggregate amounts and face values across two types of NCDs. The issuance details highlight specific terms related to tenure, interest rates, and collateralization.Details of Approved NCD Issuance The company authorized the issuance of securities under...

Bank of India CGM Relieved from Service Upon Superannuation Bank of India has announced a change in its senior management following the superannuation of its Chief General Manager.Shri Prashant Thapliyal, who held the position of Chief General Manager at the bank, was relieved from service effective July 31, 2026.BANKINDIA Stock Price Movement Today, Bank of India shares edged higher, settling at ₹137.95 after closing, as the stock gained 0.36%. The equity traded throughout the day with a volume of 5.77 million shares.

Xpro India Reports Quarterly Financial Results for June 30, 2026 Xpro India Limited released its unaudited financial results for the quarter ending June 30, 2026, providing updates on both standalone and consolidated performance. The company continues operations predominantly within the Polymer Processing segment.The financial outcomes highlight the operational specifics of the quarter for the individual entity and the wider Group structure.Standalone Financial Performance For the quarter ended June 30, 2026, Xpro India Limited reported specific results across its income statement. Total income stood at 17886.34 INR Lacs, driven by revenue from operations of 17442.08 INR Lacs and other income of 444.26 INR Lacs.The company...

RBI Cracks Down: Banks Ordered to Install High-Tech Currency Detectors as Fake Note Detection Fails at Border Branches The Reserve Bank of India (RBI) has issued a stringent directive, mandating banks to ensure that all branches located in districts along international borders are equipped with advanced note authentication and sorting machines. This decisive action comes after the central bank identified insufficient efforts by certain financial institutions regarding the detection and handling of counterfeit currency notes.This move significantly strengthens the regulatory oversight of cash management within the banking sector, focusing specialized security measures where the risk is highest. The directive reinforces existing...

Neueon Corporation Approves Q2 Results and Plans Rights Issue During Board Meeting Neueon Corporation Limited held a Board meeting on July 31st, 2026, reviewing crucial corporate milestones, approving unaudited financial results for the quarter ended June 30th, 2026, setting dates for its upcoming Annual General Meeting (AGM), and outlining plans for capital raising through a rights issue.The Board members considered and approved the Unaudited Financial Results both standalone and consolidated for the quarter ending June 30th, 2026. The company also took note of the Limited Review Report prepared by ASKM & Co., Chartered Accountants, on these financial results. Furthermore, the draft Board’s Report for the Financial Year (FY) 2025-26...

Dhunseri Ventures to Hold 110th Annual General Meeting on August 18, Announces FY 2025-26 Annual Report Dhunseri Ventures Limited has announced that its 110th Annual General Meeting (AGM) will be held on Tuesday, August 18, 2026. The meeting is scheduled to take place at 11:30 a.m. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The company has made the Annual Report for the financial year 2025-26 and the Notice of the 110th AGM available online for shareholders.These materials, along with detailed information pertaining to the general meeting, are accessible on the Dhunseri Ventures website: https://www.aspetindia.com/.Key details regarding the Annual General Meeting and associated documents are summarized...

Ajooni Biotech Approves Re-appointment of Director Gursimran Singh Ajooni Biotech Limited has confirmed that its members approved the re-appointment of Mr. Gursimran Singh as a director during the company's 16th Annual General Meeting. The approval was passed via an ordinary resolution at the meeting held on Wednesday, July 29, 2026.The voting results and scrutiny report for the 16th Annual General Meeting were declared on July 31, 2026. This meeting, which was conducted through video conferencing, addressed the re-appointment of Mr. Gursimran Singh, who retires by rotation under Section 152(6) of the Companies Act, 2013.Mr. Gursimran Singh is qualified as Bachelor of Commerce (B.Com) and holds a Master in Business Administration...

Genesys Announces Rights Issue: Details and Schedule for Shareholders Genesys International Corporation Limited has detailed the terms and schedule for its forthcoming Rights Issue, approved by the company's Board of Directors and subsequently finalized by the Rights Issue Committee. The issue pertains to fully paid-up Equity Shares and was confirmed during a meeting held on July 31, 2026.The Rights Issue offers eligible shareholders an opportunity to purchase equity shares at a fixed price. Key terms established for the issuance include:Instrument: Fully paid-up Rights Equity Shares of face value ₹ 5 each. Issue Size: The company plans to issue 2,50,74,226 fully paid-up Equity Shares. Issue Price: The price set for the rights...

TSF Investments Limited Plans Acquisition of Shares in Wheels India Limited TSF Investments Limited has approved a proposed transaction involving the acquisition of equity shares in M/s Wheels India Limited (WIL). The company is acquiring 2,56,547 equity shares representing 1.050% of WIL's paid-up equity share capital from M/s Trichur Sundaram Santhanam & Family Private Limited (TSSFPL).The acquisition is set to be executed as an inter se transfer through the block deal window mechanism of the stock exchange(s) or by other agreed mechanisms at a price determined on the date of transaction execution.Transaction and Related Party StatusTSF Investments Limited confirmed that the proposed transaction involves a related party, noting...