Markets

Bajaj Finserv Board Approves Q2 Financial Results, ESOP Share Issue and New Reinsurance Venture Bajaj Finserv Limited announced key outcomes of its Board of Directors meeting held on July 31, 2026, approving unaudited financial results for the quarter ended June 30, 2026, formalizing a significant equity issue, and granting approval to pursue re-insurance business.The Board approved the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, prepared in accordance with Indian Accounting Standards (Ind AS). Limited review reports associated with these financials were also accepted, noting an unmodified opinion(s).In a related corporate action, the Board granted approval for the issuance...

Thirumalai Chemicals Limited receives show cause notice regarding tax discrepancies for FY 2022-23 Thirumalai Chemicals Limited has received a show cause notice from the Deputy Commissioner of the Commercial Tax Department, Ranipet, Tamil Nadu. The notice concerns alleged output turnover and input tax discrepancies related to the company's operations during the financial year 2022-23.The dispute centers on tax and other dues amounting to Rs. 2292.66 lakhs.Details regarding the demand breakdown for the period are as follows:Tax TypeAmount (Lakhs)Tax1356.36Interest800.66Penalty135.64Total Demand2292.66The alleged violations noted under the notice include output turnover discrepancies and input tax discrepancies as...

Manipal Health IPO Subscription Hits 50%: Analysts Weigh In Amid Investor Demand The Initial Public Offering (IPO) of Manipal Health Enterprises saw a subdued response as of the final day of bidding. The issue reached a subscription level of 50 percent according to data from the National Stock Exchange (NSE). This development puts scrutiny on the IPO’s valuation amid significant interest from institutional investors.Subscription and Allocation Details The public issue, totaling Rs 9,275 crore, received bids for 4,38,85,675 shares against an offering of 9,00,88,286 shares. Qualified Institutional Buyers (QIBs) led the subscription segment, booking a portion that measured 62 percent.The retail investor (RII) category was subscribed at...

Eurogrip Tyres Expands Retail Network with Three New Exclusive Store Openings Eurogrip Tyres, the leading two- and three-wheeler tyre brand of TVS Srichakra Ltd., announced the launch of three new exclusive retail stores in Mehsana, Gujarat, Noida, and Bareilly, Uttar Pradesh. This expansion brings the total number of branded retail outlets to 19, underscoring the company’s commitment to enhancing customer experience across key Indian markets.The inauguration of these new retail locations was attended by members of the Eurogrip team and business partners. T.K. Ravi, Chief Operating Officer of TVS Srichakra Ltd., stated that the expansion reflects a sustained commitment to bringing high-quality products and dependable services closer...

F Mec International Financial Services Ltd Receives In-Principle Approval for Name Change to Dhvija Finance Limited F Mec International Financial Services Ltd has received In-Principal Approval from the stock exchange regarding its name change, which will transition the company into Dhvija Finance Limited.The approval was granted by the stock exchange on July 29, 2026, covering the proposed renaming of F Mec International Financial Services Ltd. to Dhvija Finance Limited.The In-Principal Approval is subject to the completion of all required formalities and compliance with Regulation 45 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (As Amended). The Exchange stipulated that after receiving approval from...

Quess Corp Ltd's Credit Ratings Reaffirmed by ICRA Limited; Total Rated Amount Stands at Rs 1,222.00 Crore Credit rating agency ICRA Limited has reaffirmed the ratings for various instruments of Quess Corp Ltd. The reaffirmation covers long-term fund-based limits, short-term non-fund based limits, interchangeable limits, unallocated facilities, and Commercial Paper (CP), totaling a rated amount of Rs 1,222.00 Crore.The rating actions confirm the financial standing across multiple operational categories for the company. According to the ratings details provided by ICRA, the specific reaffirmations are as follows:InstrumentRated Amount (Rs. Crore)Rating ActionLong-term - Fund-based Limits930.00[ICRA]AA (Stable); reaffirmed...

Shelter Pharma Board Approves Appointment of New Independent Director and Reconstitutes CSR Committee The Board of Directors of Shelter Pharma Ltd has approved several key appointments and committee reconstitutions, effective from July 31, 2026. The company announced the appointment of Ms. Vinita Shivraj Gadhvi as an Additional Non-Executive Independent Director and detailed the new composition of its Corporate Social Responsibility (CSR) Committee following changes in the Board structure.Ms. Vinita Shivraj Gadhvi was appointed to the board, with a tenure fixed for five consecutive years starting July 31, 2026. Her appointment is subject to shareholder approval. She has been declared independent and is not related to any existing...

Digicontent Limited Updates Shareholding Pattern Following Preferential Issue Observations Digicontent Limited has provided updated details regarding the post-issue shareholding pattern following its preferential issue of warrants. These modifications incorporate the grant of 44,10,000 restricted stock units under the 'Digicontent Limited - Restricted Stock Unit Plan 2025', offering greater clarity on the company's capital structure.The updates pertain to the explanatory statement related to the Extra-Ordinary General Meeting (EGM) proposed for August 7, 2026. The details provided cover both the shareholding pattern before and after the Preferential Issue, as well as the status of the designated proposed allottees.Post-Issue...

Time Medical India Partners with Parul Sevashram Hospital to Install Next-Generation AI-Enabled Intraoperative MRI Suite Time Medical International Ventures (India) Private Limited, a wholly owned subsidiary of Fischer Medical Ventures Limited and a leader in advanced medical imaging solutions, has announced a significant partnership. The company is set to install its revolutionary DRIS-iMRI Medharanya Suite at Parul Sevashram Hospital in Vadodara.The DrIS-iMRI Medharanya is described as an AI-enabled, next-generation, portable and specialized intraoperative MRI system. This advanced imaging technology integrates several sophisticated components including Augmented Reality (AR), Artificial Intelligence (AI), Machine Learning (ML), and...

Honda India Power Products Releases Annual Report 2025-26, Sets Dates for 41st AGM Honda India Power Products Limited has made its Annual Report for the Financial Year 2025-26 available to shareholders and announced key dates relating to its upcoming 41st Annual General Meeting (AGM). The company also recommended a final dividend of Rs. 23/- per equity share for the fiscal year, subject to shareholder approval at the AGM.The Annual Report, along with supporting information, is accessible on the company's official website, www.hondaindiapower.com, and on the websites of the relevant Stock Exchanges.Key Dates and Dividend Details Shareholders can review the key timelines for the 41st AGM and subsequent dividend payment through the...

Karnataka Bank Appoints Cybersecurity Expert Parthasarathi Periaswamy as Additional Director Karnataka Bank Ltd has appointed Shri Parthasarathi Periaswamy as an Additional Director (Non-Executive, Independent). The appointment is effective from July 29, 2026, and spans a period of four years.Mr Parthasarathi Periaswamy brings extensive experience in technology and cybersecurity to the private sector lender. He is recognized as a seasoned leader with over three decades of service at the highest levels within India's financial sector.His background includes serving as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India. In this capacity, he played a pivotal role in modernizing mission...

Transchem Ltd Releases FY24-25 Results Amid Business Transition; Announces AGM Details and Capital Raise Plan Transchem Limited has released its financial results and annual report for the financial year ended March 31, 2026, detailing the company's strategic shift from traditional operations toward the financial services sector. The management provided a detailed overview of the company’s activities in the Annual Report, noting that the full commencement of financial service operations is pending receipt of necessary regulatory approvals.The 49th Annual General Meeting (AGM) for Transchem Limited is scheduled to be held on Saturday, September 05, 2026, at 11:00 A.M., conducted via Video Conferencing/Other Audio-Visual Means...

GIC Housing Finance Ltd. Schedules Board Meeting to Approve Q1 Financial ResultsGIC Housing Finance Ltd. has scheduled a meeting of its Board of Directors to review and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended on June 30, 2026. The Board Meeting is set for Wednesday, August 12, 2026.The agenda for the meeting includes considering the financial results along with Limited Review Reports issued by the Statutory Auditor (Standalone and Consolidated) for the said period. The company will also address other business related matters during the session.In addition to the board meeting announcement, GIC Housing Finance Ltd. has specified the duration of its trading window closure...

Dar Credit & Capital Secures INR 10 Crore Through Private Placement of NCDs Dar Credit & Capital Limited announced that its Finance Management Committee (FMC) had approved a debt issuance, raising INR 10 crore through the private placement of Non-Convertible Debentures (NCDs). The FMC meeting was held on July 31, 2026.The company issued 1,000 Senior, Secured, Listed, Rated, Taxable, Transferable, Redeemable Non-Convertible Debentures (NCDs) in a dematerialised form. Each NCD has a face value of INR 1,00,000, aggregating to a total issue size of INR 10,00,00,000.The NCD issuance was conducted via private placement targeting identified eligible investors and is scheduled for listing on the National Stock Exchange (NSE).Key Terms of...

Mahan Industries Launches 'Credit Mines,' A Comprehensive Digital Lending PlatformAhmedabad: Mahan Industries Limited (BSE: 531515) has announced the launch of 'Credit Mines', a new brand designed as a comprehensive digital lending platform, marking a strategic expansion into the digital financial services space. The launch allows customers to meet their financial requirements through a completely seamless, paperless, and cashless online experience.'Credit Mines' is described as a fully digital, end-to-end lending solution capable of enabling personal loans and various other credit products in a digital manner. The platform leverages India's public digital infrastructure, utilizing technologies such as digital KYC, Video KYC, the...

Kirloskar Pneumatic Company Completes Acquisition of Majority Stake in KSEA Kirloskar Pneumatic Company Limited has executed a Share Purchase Agreement (SPA) to acquire a controlling stake in Kirloskar South East Asia Co. Limited (KSEA). The transaction, finalized on July 31, 2026, involves the acquisition of 99.49% of the total voting power of KSEA.The execution of the Share Purchase Agreement marks a significant move by the company in its operational strategy. This strategic acquisition targets Kirloskar South East Asia Co. Limited, giving Kirloskar Pneumatic Company Limited effective control over the entity.KIRLPNU Stock Price Movement As of 11:43 AM, Kirloskar Pneumatic Company Limited shares are edging higher in live trading...

Stock Markets Surge as Key Q1 Earnings and FII Inflows Propel Sensex and Nifty Gains The Indian stock markets showed resilience on Friday, rising steadily driven by strong quarterly results from major corporations. The rallies were supported by robust Foreign Institutional Investor (FII) inflows and a decline in global commodity prices.At approximately 11:30 a.m., the benchmark indices were trading firmly higher. The Sensex stood at 78,042.83, marking an advance of 114.68 points or 0.15 percent. Meanwhile, Nifty tracked along strongly, reaching 24,366.20, up 49.05 points or 0.20 percent.Corporate Earnings Drive Sectoral Strength A significant contributor to the market's ascent was the stellar Q1 performance reported by key listed...

RateGain Travel Technologies Reappoints Mr. Bhanu Chopra as Chairman and Managing DirectorRategain Travel Technologies Limited has approved the re-appointment of Mr. Bhanu Chopra as the Chairman and Managing Director, following a unanimous decision by the Board of Directors.The company confirmed that Mr. Chopra will serve in this capacity for a fixed term, commencing from August 05, 2026, up to August 04, 2031. The re-appointment signifies continued leadership as Rategain continues its operations and growth trajectory within the technology and travel industry.Mr. Chopra is identified as the Founder of Rategain Travel Technologies Limited. He holds a bachelor's degree in Science, Finance, and Computer Science from Indiana...

Ishan Dyes and Chemicals Commences Production of Four New Sulphur-Based Products Ishan Dyes and Chemicals Limited has commenced activities for the production of four new high-value sulphur-based products at its Sulphuric Acid Unit. This strategic expansion is part of the Company's effort toward value addition and strengthening market presence through product diversification.The initiative focuses on expanding the specialty product portfolio, aiming to unlock new revenue opportunities and contribute positively to the company's growth trajectory upon commercialization.Management anticipates that these new sulphur-based products will be commercially launched within the next three months, pending the successful completion of development...

Honda India Power Products Announces Book Closure Dates and Dividend Record DateHonda India Power Products Limited has announced the dates for its book closure, along with the record date designated for ascertaining members eligible for dividend payment.The Company stated that the Register of Members and Share Transfer books will remain closed during a specified period in August 2026. The book closure is scheduled from Thursday, August 20, 2026, through Wednesday, August 26, 2026 (both days inclusive).In relation to dividend payments, the record date for determining which members of the Company are eligible has been fixed as August 19, 2026.HONDAPOWER Stock Price Movement As of 11:41 AM, shares of Honda India Power Products...