Markets

Bharti Airtel Receives TRAI Order Levying INR 6,30,000 for Alleged Mobile Portability Non-Compliance Bharti Airtel Limited has received an order from the Telecom Regulatory Authority of India (TRAI) concerning alleged non-compliance with mobile number portability regulations. The order mandates a financial disincentive amounting to INR 6,30,000/- which was communicated to the company on July 30, 2026.The action relates to alleged non-compliance of the provisions of the Telecommunication Mobile Number Portability Regulations, 2009. The maximum financial impact of this matter is quantified by the financial disincentive levied by the authority.Bharti Airtel reported that in response to the communication, the Company opted not to...

Godfrey Phillips India Limited Details Environmental and Social Performance in FY 2025-26 Godfrey Phillips India Limited (GPIL) has provided detailed insights into its sustainability performance for the Financial Year 2025-2026, covering environmental stewardship, human capital development, and corporate governance. The company continues to demonstrate a commitment to integrated ESG principles across its manufacturing operations and value chain.The report highlights several key achievements in environmental management and resource efficiency. GPIL is committed to achieving carbon neutrality in its manufacturing operations by 2030. Furthermore, the company achieved a water conservation goal for cigarette manufacturing, recording a 22%...

Oil & Natural Gas Corporation Acquires Shares in Joint Ventures with Mitsui O.S.K. Lines Oil & Natural Gas Corporation Limited has strengthened its partnership status in two joint venture entities through a recent rights-based equity share issuance by both partner companies. The acquisition maintains ONGC's 50% shareholding in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, both registered in Gift City, Gandhinagar.The company has successfully acquired shares in both joint venture entities after the rights-based allotment process was completed. These ventures were established as a 50% joint venture between Oil & Natural Gas Corporation and M/s Mitsui O.S.K. Lines Ltd. (MOL).Upon the successful...

Tainwala Chemical and Plastic Sets Record Date for Interim Dividend Pertaining to FY 2026-27 Tainwala Chemical and Plastic (I) Limited has announced the record date for determining the entitlement of its shareholders regarding the proposed Interim Dividend for the financial year 2026-27. The company set Tuesday, August 11, 2026, as the designated record date.This record date is contingent upon the declaration of an Interim Dividend by the Board of Directors, which is scheduled to meet on Wednesday, August 5, 2026.The company provided details regarding the security and related parameters for shareholders interested in the dividend entitlement. The stock details are as follows:Security Code / SymbolType of Security and Paid Up...

Dhampur Sugar Mills Reports Interim Results for Q1 FY2026; Consolidate Net Profit Stands at 6.09 Crores Dhampur Sugar Mills Limited has released its unaudited financial results for the quarter ended June 30, 2026, providing details on both consolidated and standalone performance. The company's board considered and approved these interim financial statements during a meeting held on July 31, 2026.The results reflect significant operational data across various segments, including Sugar, Power, Ethanol, Chemicals, and Potable Spirits.Financial Highlights: Consolidated Results (Q1 FY2026) The consolidated performance details for the quarter ended June 30, 2026, are provided below, measured in financial crores.ParticularsQtr Ended...

IL&FS Engineering Reports FY25-26 Revenue of Rs 187.92 Crore, Achieves Profit Before Tax IL&FS Engineering and Construction Company Limited reviewed its performance for Financial Year 2025-26, reporting a notable shift in profitability despite ongoing resolution proceedings.The company’s results for the year saw Revenue from Operations stand at Rs.187.92 crore. While operational revenue was lower due to the completion of certain projects and the absence of major new project awards, IL&FS managed to report a Profit Before Tax of Rs.0.19 crore. This marked an improvement compared to a loss reported in the previous financial year. The profitability during FY 2025-26 was attributed to past doubtful debt recovery efforts coupled with...

Bajaj Holdings Announces Q1 FY27 Results: Consolidated Profit After Tax Reaches 2,706 Crore Bajaj Holdings & Investment Limited (BHIL) has released its unaudited financial results for the quarter ended June 30, 2026. The company, which operates primarily as a holding company within the Bajaj Group, reported key figures across both consolidated and standalone segments, reflecting income derived predominantly from dividends and interest generated through its investments.The Consolidated Results show BHIL's total income at 419.32 Crore for the quarter ended June 30, 2026. This figure includes substantial contributions from a share of profits of associates (2,358.69 Crore) and other operational revenues, while expenses totaled 63.55...

Indian Service Trade Surges in June: Exports Rise Amid Rising Import Costs The Reserve Bank of India (RBI) has released crucial data regarding International Trade in Services for June 2026. The figures indicate robust performance from service exports, although they are accompanied by significant growth in services imports. This data provides a detailed view into the dynamics of global demand and operational costs within the Indian service sector.Services Exports Reached Highs at US$ 36,371 Million International trade receipts from services posted strong figures during June 2026. The total exports stood at US$ 36,371 million. This performance represents a substantial growth rate of 13.3% compared to the corresponding month of the...

Imagicaaworld Entertainment Limited invests in Mehsana Next Parks Private Limited for expansion into outdoor entertainment parks Imagicaaworld Entertainment Limited has entered into an Investment Agreement with Mehsana Next Parks Private Limited (MNPPL) and Keshav Holiday Resort Private Limited (KHRPL). This move involves the acquisition of Shanku's Water Park from KHRPL on a slump sale basis. The companies also executed a Deed of Adherence (BTA) dated July 30, 2026, outlining the terms of this transaction.Following the completion of this acquisition, MNPPL is set to become a subsidiary of Imagicaaworld Entertainment Limited. This initiative aims at expanding IEL's existing business into new geographies through an association with an...

IL&FS Engineering and Construction Approves Unaudited Results for Quarter Ending June 30, 2026; Reports Losses Across Statements IL&FS Engineering and Construction Company Limited has released its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results highlight continued operational challenges, with both standalone and consolidated statements reporting losses despite strong revenue figures.The Board of Directors approved these financial results on July 31, 2026.Financial Overview (Quarter Ended June 30, 2026) The company's performance metrics across the quarter showed a consistent pattern of operating challenges as reflected in the provided statements:Standalone Financial Results...

MIC Electronics Limited Announces Director Resignation, Committee Reconstitution, and Plans New Subsidiary Venture MIC Electronics Limited conducted a Board Meeting on July 31, 2026, where it approved several key operational decisions, including the resignation of an Independent Director, the reconstitution of multiple committees, and the approval to incorporate a wholly owned subsidiary.Executive Changes and Appointments The company noted the resignation of Mr. Ravinder Reddy Surakanti (DIN: 07838836) from the Board as an Independent Director, effective July 31, 2026. Mr. Surakanti cited personal and professional commitments as the reason for his departure. The Board acknowledged his valuable guidance during his tenure.The company...

Tourism Finance Corporation Announces AGM and Recommends Dividend for FY2025-26 Tourism Finance Corporation of India Limited has announced the details for its 37th Annual General Meeting (AGM) and recommended a dividend payout for shareholders, alongside making the Annual Report for the financial year 2025-26 available to members.The AGM of the Company is scheduled to be held on Friday, August 21, 2026, at 11:00 a.m. (IST). The meeting will utilize Video Conferencing (VC) or other Audio Visual Means (OAVM) facilities for attendees. Shareholders are invited to transact the businesses outlined in the Notice of the AGM and review the Annual Report for FY2025-26.Key dates concerning shareholder eligibility and electronic voting have...

ROX Hi-Tech Reports Q1 FY27 Results: Revenue Hits ₹56.50 Crore with 22.83% YoY Growth ROX Hi-Tech Limited, a leading AI-led digital transformation company, has reported key financial and operational highlights for the first quarter of Fiscal Year 2026-27 (Q1 FY27). The company maintained its focus on enterprise technology solutions across various domains including Intelligent Workspace, Hybrid Datacenter, Cloud Computing, Cybersecurity, ERP, Automation, and Artificial Intelligence.During Q1 FY27, ROX Hi-Tech continued to strengthen its position as a trusted AI-led digital transformation partner by securing strategic orders in areas such as AI Automation, Hybrid Datacenter, Cloud Computing, Intelligent Workspace Solutions, and Network...

Khaitan (India) Limited Reports Interim Financial Results for June 30, 2026; Highlights Concerns Regarding Sugar Mill Operations Khaitan (India) Limited has announced its unaudited financial results for the quarter ended June 30, 2026, following the approval of these results by its Board of Directors at a meeting held on July 31, 2026. The company's performance across various segments was presented in both standalone and consolidated formats, with independent auditors providing a limited review report that noted specific qualifications regarding the sugar division operations.The financial statements for the quarter reflect the operational status of the Group, which includes Khaitan (India) Limited and its subsidiaries, Khaitan Fan and...

GAIL Reports Q1 FY27 Results; Revenue Reaches ₹38,982 crore as Operations Show Mixed Trends GAIL (India) Limited announced its financial results for the first quarter of financial year 2026-27. The company reported resilience in transmission and liquid hydrocarbons performance despite observing lower gas marketing and polymer volumes amid geopolitical headwinds.On a consolidated basis, GAIL recorded Revenue from Operations of ₹41,350 crore for Q1 FY27, which saw an increase compared to the ₹35,705 crore registered in Q4 FY26. EBITDA stood at ₹7,573 crore, up significantly from ₹2,703 crore in the preceding quarter. The company also reported PBT of ₹6,268 crore and Profit After Tax (PAT), excluding minority interest, of ₹4,665 crore...

GHCL Textiles Achieves Significant Growth in Q1 FY27, Reporting 52% Rise in Revenue and 191% Jump in Net Profit GHCL Textiles Limited, a leading manufacturer of premium yarns and fabrics, announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27). The company reported strong performance, driven by strategic execution in building a differentiated, value-added textiles business.The textile firm saw total revenue grow by 52% to Rs. 410 crores in Q1 FY27, compared to Rs. 270 crores during the corresponding quarter of last year. Net Profit experienced a substantial increase of 191%, reaching Rs. 39 crores from Rs. 14 crores in Q1 FY26. EBITDA saw an increase of 116%, rising from Rs. 32 crores to Rs. 70 crores.The...

ESAF Small Finance Bank reports strong Q1 FY27 results with Profit after Tax at ₹80 Crore and Total Business surpassing ₹50,000 CroreThrissur: ESAF Small Finance Bank Limited reported a robust start to the financial year 2027 (FY27), showcasing sustained profitability and significant operational growth. The bank's total business volume crossed the ₹50,000 Crore mark, driven by strong performance in secured lending and retail deposits.The results indicate an improvement across key areas, including asset quality strengthening and a sharp rise in interest income. The Managing Director and CEO of ESAF SFB commented that Q1 FY27 reflected steady progress toward the bank's transformation journey, noting that its strategy focused on...

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...