Markets

Shadowfax Technologies Reports Resignation of Chief Product Officer Nitesh Lohiya Shadowfax Technologies Limited has announced the resignation of Mr. Nitesh Lohiya from his position as Chief Product Officer. The company confirmed that Mr. Lohiya will be relieved from his duties effective at the close of business hours on August 07, 2026.Mr. Nitesh Lohiya tendered his resignation citing personal reasons and a desire to move forward in a career direction that aligns more closely with his professional aspirations.The details regarding the senior management personnel change are as follows:ParticularsDetailsName of Senior Management PersonnelMr. Nitesh LohiyaReason for ChangeResignation due to personal reasonsDate of...

Urban Company Approves Q2 2026 Financial Results; Reports Segment Performance and Subsidiary Closure Urban Company Limited (UCL) announced the approval of its unaudited financial results for the quarter ended June 30, 2026, encompassing both consolidated and standalone performance figures. The Board of Directors approved these results on July 31, 2026, after reviewing reports issued by statutory auditors.The company's consolidated financial statements reflect revenue totaling 566.17 crores in the quarter ended June 30, 2026, compared to 462.30 crores for the quarter ended March 31, 2026, and 398.49 crores for the quarter ended June 30, 2025.Consolidated Financial Highlights (Quarter ended June 30, 2026) The unaudited consolidated...

Sical Logistics Signs Master Lease Agreement with Tata Capital Limited for Rs 72 Crore Facility Sical Logistics Limited has executed a master lease agreement with Tata Capital Limited to secure commercial equipment required for its operations. The agreement was formalized on July 31, 2026.The master lease facility, valued up to Rs 72 crore, involves Sical Logistics taking on lease various commercial equipment from Tata Capital Limited. This includes specialized machinery such as dumpers, excavators, dozers, graders, water tankers, and diesel tankers. The lease term for the equipment spans sixty months.According to the agreement details, both parties are not related to any promoter or promoter group. Furthermore, the transaction is...

Key Market Indicators: Banks' Lending and Deposit Rates Show Mixed Trends in Latest RBI Report The Reserve Bank of India (RBI) has released crucial data detailing the lending and deposit rates of Scheduled Commercial Banks (SCBs) for July 2026, shedding light on shifts across various financial metrics. The report indicates a mixed movement across borrowing and depositing costs in the banking sector over recent months, providing important context for market participants.Overview of Lending Rate Trends The Weighted Average Lending Rate (WALR) on fresh rupee loans by SCBs stood at 8.53 per cent in June 2026, slightly up from 8.51 per cent recorded in May 2026. This metric tracks the costs associated with new loan disbursements across...

Sanghvi Movers Limited Reports Strong Q1 FY27 Results Driven by Growth in Crane Rental and Renewables Sanghvi Movers Limited (SANGHVIMOV) has announced its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), reflecting robust growth across its operations. As a leading integrated crane rental company, Sanghvi Movers delivered strong performance driven by both core rental services and expansion into international markets.Consolidated Financial Performance Snapshot The consolidated financial figures highlight significant year-on-year increases in key operational areas for the quarter ended June 30, 2026.Particulars (₹ Cr)Q1 FY27Q4 FY26Q1 FY26YoY (%)Revenue from Operations38035127339%...

Avonmore Capital Reports Q1 FY27 Results; Green Fuel and Advisory Segments Detail Performance Avonmore Capital & Management Services Limited has provided an update on its consolidated financial performance for the first quarter (1Q) of the financial year 2026-27, alongside guidance for the upcoming second quarter (2Q).The company reported a consolidated total revenue of Rs. 49.70 crore and a profit of Rs. 17.39 crore in 1Q FY 2026-27. This marks a change from the figures recorded in 4Q FY 2025-26, where the company reported a revenue of Rs. 61.81 crore and a loss of Rs. (6.88) crore.Avonmore operates across multiple business verticals, including Financial services (Wealth advisory / Broking), Green Fuel Business, Infrastructure...

Connplex Cinemas Named Fastest Growing Cinema Chain of the Year by BIG CINE EXPOConnplex Cinemas Limited has received a significant industry recognition, being named the 'FASTEST GROWING CINEMA CHAIN OF THE YEAR' by the BIG CINE EXPO. The company achieved this distinction in the cinema sector.The official announcement details the recognition of Connplex Cinemas as the fastest growing chain of the year, highlighting its rapid expansion within the market.The industry achievement coincides with an upcoming awards ceremony scheduled for Tuesday, August 18, 2026, which will be held at the BIG CINE EXPO.Connplex Cinemas operates alongside major cinema entities including IMAX, PALAXI CINEMAS, CITYPRIDE, and RAJHANS CINEMAS.CONNPLEX...

Canara Bank designates veteran executive as Group Chief Compliance Officer for three years Canara Bank has designated Shri. Sujit Kumar Sahoo, a seasoned banking professional, as the Group Chief Compliance Officer (GCCO). The designation comes with an effective date of July 1, 2026, and covers a period of three years.Shri. Sujit Kumar Sahoo currently serves as the Chief General Manager & Interim Group Chief Compliance Officer within the Compliance and RBS Wing at Canara Bank's Head Office in Bengaluru.The designation recognizes Mr. Sahoo’s extensive experience spanning over 29 years in the banking sector. He holds a Master of Business Administration and possesses a Diploma in Treasury, Investment and Risk Management. Furthermore, he...

ABB India Reports Record Orders in Q2 CY2026; Revenue Up 21% as Operational EBITA Grows ABB India Limited has reported robust results for the second quarter (Q2) of Calendar Year (CY) 2026, highlighted by a record increase in orders and significant growth across revenue streams. The company announced a special dividend based on operational profits and divestment proceeds.The Q2 CY2026 performance reflected strong customer confidence in ABB India's technology and execution capabilities, generating substantial growth across the business units.Key Financial Highlights for Q2 CY2026 For the continuing business, key financial metrics demonstrated solid year-on-year (Y-o-Y) growth:Orders increased by 50%. Revenue rose by 21%...

ITC Reports Mixed Q1 FY27 Results, FMCG Others Drive Revenue Growth While Cigarettes and Agri Business Face Headwinds ITC Limited reported its unaudited financial results for the quarter ended June 30, 2026. The consolidated figures showed Gross Revenue rising by 27.8% year-on-year (YoY), yet profitability saw declines across key operating segments amid macroeconomic uncertainties and input cost escalations.Consolidated results indicated a strong rise in gross revenue, reaching ₹29410 Cr., up 27.8% compared to the previous year's Q1. However, Net Revenue declined by 11.0% YoY, registering at ₹18955 Cr. EBITDA was reported at ₹5181 Cr., marking a 24.0% decrease from the previous year. Profit Before Tax (PBT) stood at ₹5455 Cr., down...

Petro Carbon's Subsidiary Holds Stake in Entity Converted from Partnership to Private Limited Company Petro Carbon and Chemicals Limited (PCCL) confirmed that a partnership firm previously held by its subsidiary has been successfully converted into a private limited company. The conversion maintains the existing ownership structure, with the entity now known as ACL Petro Products Private Limited.ACL Alchemy Private Limited, a wholly owned subsidiary of Petro Carbon and Chemicals Limited, held a 50% stake in Vishal Industries, which was operating as a partnership firm. As of July 8, 2026, the Firm has been converted into a private limited company under the Companies Act, 2013, and is now ACL Petro Products Private Limited.Following...

JSW Steel Achieves Global Investment Grade Status with Moody's Baa3 Rating JSW Steel Limited, one of India's preeminent steel manufacturers, has achieved global investment grade status following a rating assignment by Moody's Ratings. The agency assigned the company a Baa3 long-term issuer rating with a stable outlook.Moody's also upgraded JSW Steel’s senior unsecured ratings and the guaranteed senior unsecured revenue bonds issued by Jefferson County Port Authority from Ba1 to Baa3, while withdrawing the earlier Ba1 corporate family rating.The investment grade assignment follows a comprehensive series of upgrades over the last month by major rating agencies, including Fitch Ratings, CARE Ratings, and ICRA. These actions...

Kesoram Industries Reports Q1 FY2026 Results; Consolidated Net Loss Reaches 2,018.93 Lakhs Kesoram Industries Limited (KIL) has released its unaudited financial results for the quarter ending June 30, 2026. The company reported a net loss of 2,018.93 lakhs in the consolidated segment, noting that the loss was primarily attributed to lower capacity utilization coupled with higher operational costs.The Board of Directors approved these standalone and consolidated results during its meeting on July 31, 2026.Financial Performance Snapshot (Quarter ending June 30, 2026) A comparison of the Standalone and Consolidated financial health highlights the following key figures for the current quarter:MetricStandalone Results...

Siti Networks Limited Reports Default on Loan Payments and Details Total Financial Indebtedness Details regarding the payment default on term loan installments from various financial institutions have been released by Siti Networks Limited. The company confirmed that the default occurred on June 30, 2026, involving multiple lenders holding obligations totaling 1,206.03 INR crore.The obligated funds involve a consortium of lenders including ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, Induslnd Bank, Vani Agencies Pvt. Ltd., and Indian Cable Net Company Limited (ICNCL). The default pertains to term loan installments, with the total principal amount outstanding as reported.The financial obligations are detailed below:Lender NameAmount...

Valecha Engineering to Furnish Requested Details by August 7, 2026 Valecha Engineering Limited has confirmed the submission timeline for specific clarifications sought regarding consolidated details pertaining to March 31, 2026. The company committed to providing all requisite information requested in response to queries received from the National Stock Exchange of India (NSE).The required clarification and details relate to specific items referenced by the NSE. Valecha Engineering Limited stated that they will furnish these necessary documents and information by Friday, August 07, 2026. This commitment addresses the request for clarity regarding the consolidated data as of March 31, 2026.

Park Medi World Limited Completes Acquisition of V3 Healthcare, Secures Control of 'The Medicity Hospital - Rudrapur' Park Medi World Limited has announced the successful completion of its acquisition of a significant portion of V3 Healthcare Private Limited. The transaction marks a key development in the company's growth strategy and results in V3 Healthcare Private Limited becoming a subsidiary of Park Medi World Limited.Earlier, on May 25, 2026, Park Medi World had announced an agreement to acquire 'The Medicity Hospital - Rudrapur,' which is operated by V3 Healthcare Private Limited. The update confirms the achievement of this goal as the company completed the acquisition of 80% of the target entity's shareholding.Following this...

Stanley Lifestyles Limited Announces New 'Sofas and More by Stanley' Store Opening in Jaipur Stanley Lifestyles Limited is expanding its retail footprint by announcing the opening of a new store, branded as 'Sofas and More by Stanley,' in Jaipur, Rajasthan. The opening ceremony for the facility is scheduled for Sunday, August 2, 2026.The new retail location represents a significant step in the company's market strategy, aimed at strengthening its presence within the consumer market.The new store is being established through a partnership with NDA Corp LTD. The premises are substantial, measuring approximately 6,500 square feet. This expansion underscores Stanley Lifestyles Limited's commitment to growth and market penetration across...

BSE Limited Acquires 3.33% Equity Stake in India International Bullion Holding IFSC Limited BSE Limited has announced a strategic investment, acquiring a 3.33% equity stake in India International Bullion Holding IFSC Limited (IIBH). The acquisition was completed for an aggregate consideration of ₹ 10.10 Crore.The investment by BSE Limited into IIBH signifies a move into the bullion holding sector. The purchase was executed following the receipt of all requisite approvals, including authorization from the Securities and Exchange Board of India (SEBI), making it a fully operationalized equity stake.BSE Stock Price Movement Today, BSE Limited shares edged higher to settle at ₹3646.20 after gaining 3.28%. The stock traded within an...

Tirupati Forge Limited Enters Technical Collaboration Agreement with Brazilian expert for Defence Product Development Tirupati Forge Limited has announced a significant step in its defence manufacturing portfolio, entering into a Technical Collaboration Agreement (MOU) with an experienced defence technology professional from Brazil. This partnership aims to bolster the company's product design and manufacturing capabilities within the global defence market.The collaboration is specifically focused on supporting the development of critical defence products, including the 155 mm M107 Empty Shell Body and the 155 mm ERFB BB/BT Empty Shell Body. Furthermore, the agreement covers other larger size bombs and ammunition components across...

Container Corporation of India Appoints Experienced Officer to Senior Management Container Corporation of India Limited (CONCOR), a Navratna CPSE of the Government of India, has appointed an experienced officer to its senior management team.Shri Swayambhu Arya has been appointed as Group General Manager (P&S) at CONCOR, effective from July 29, 2026. His appointment follows his absorption into the company.The details regarding the newly appointed personnel are presented below:S.No.Name & Current DesignationReasonBrief Profile1.Shri Swayambhu Arya, Group General Manager (P&S)AbsorptionNote-1Shri Arya is an officer from the Indian Railway Service of Mechanical Engineers and brings a wealth of experience to the role. He...