Markets

Edelweiss launches BSE LargeMid Stable Dividend ETF to capture Hybrid Market Growth Edelweiss Mutual Fund has introduced the Edelweiss BSE LargeMid (60:40) Stable Dividend 50 ETF, a new Exchange Traded Fund (ETF). This product is designed for investors seeking long-term capital appreciation that aligns with the performance of its specified benchmark. The launch targets mid and large-cap stability by tracking the comprehensive BSE LargeMid (60:40) Stable Dividend 50 Total Return Index.The ETF operates as an open-ended scheme, directly replicating the index structure. It is suitable for investors looking to harness the combined potential of both large and mid-sized market companies while adhering to a stable dividend focus defined by...

Capital Goods, Banks Power Up Q1 Earnings; OMC Woes Drag Overall Corporate Profit Down, Says Kotak Kotak Institutional Equities has released a detailed forecast for the upcoming quarter, suggesting a highly mixed picture across key sectors. While companies outside of oil marketing are expected to register significant profit growth, the overall corporate profitability is projected to decline amid headwinds faced by Public Sector Undertakings (PSUs).The brokerage projects that companies under its coverage universe, excluding OMCs, will post a 14.6% year-on-year rise in net profit during the June quarter. Conversely, when considering the entire market, overall profit is expected to fall by 8.7%. This decline is attributed to BPCL, HPCL...

Tribhovandas Bhimji Zaveri Affirms Stock Price Movement Driven by Market Forces Tribhovandas Bhimji Zaveri Ltd has addressed questions regarding the significant movement in its stock price, stating that current fluctuations are driven purely by market forces and general market conditions.The company confirmed it adheres to its Corporate Governance Code and prescribed practices when communicating information concerning its business operations or events that may be considered price sensitive.Tribhovandas Bhimji Zaveri stated that the board of directors consistently provides announcements regarding reportable events promptly as they occur. The firm clarified that, according to its policy for determining the materiality of events, there...

SEPC Announces Major Global Expansion: Plans Acquisition of UAE-Based Avenir International SEPC Limited, a leading EPC company specializing in industrial infrastructure and process plants, has approved several strategic proposals aimed at strengthening its capital base and expanding its international footprint. The key among these is the proposed acquisition of a significant stake in the UAE-based entity, Avenir International Engineers and Consultants LLC.The Company’s Board of Directors approved the proposal to acquire up to 90% equity stake in Avenir through a share swap transaction. This acquisition will be completed via a preferential allotment of 153 crore equity shares of SEPC at an issue price of ₹ 10 per share, aggregating to...

India EV Sales Surge Past 3 Lakh Units: Two-Wheelers and Commercial Vehicles Drive Electric Adoption Milestone India's electric vehicle (EV) retail market achieved a historic milestone in June, with sales touching 3,06,220 units. This monumental jump reflects rapid electrification across multiple segments, marking the first time that overall EV penetration crossed the critical 12 percent threshold.The strong performance came despite challenges like a delayed monsoon and generally weak seasonal demand. The Federation of Automobile Dealers Associations (FADA) confirmed these record sales figures.C S Vigneshwar, FADA President, described June as a defining month for India's EV transition. He noted that the industry retailed 3,06,220...

Varroc Engineering Secures Captive Solar Power through Strategic Investments in SPVs Varroc Engineering Limited has entered into a Power Delivery Agreement and a Share Purchase and Shareholder's Agreement with two Special Purpose Vehicles (SPVs) to secure captive solar power for its manufacturing plants located in Tamil Nadu and Karnataka.The investments are being made in partnership with AMPIN C&I Power Twelve Private Limited and AMPIN Energy C&I One Private Limited, providing the company with a means to source clean energy within these states.Varroc is acquiring an equity stake in both SPVs, which are dedicated to developing, building, and managing renewable power assets. These projects will enable Varroc Engineering Limited to...

GTPL Hathway Board Meeting Scheduled to Approve Q1 Financial Results for Quarter Ended June 30, 2026 GTPL Hathway Ltd has scheduled a board meeting to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The company announced that the Board of Directors meeting is set to be held on Wednesday, July 15, 2026. The key agenda item for the gathering is the review and approval of the financial outcomes for the specified quarter.In addition to the board meeting concerning the results, GTPL Hathway also provided information regarding its trading window policy. The Trading Window Closure Period commenced on July 01, 2026. This closure period is scheduled to conclude 48 hours...

Bhagiradha Chemicals details agrochemical manufacturing portfolio while focusing on sustainability commitments Bhagiradha Chemicals and Industries Limited, established in 1993, is a major player in the agrochemical sector, operating with a strong focus on environmental stewardship and corporate social responsibility (CSR). The company manufactures insecticides, fungicides, herbicides, and their intermediates. These essential products constitute 100% of the company's turnover.The company operates through both national and international markets. With operations spanning 18 states and union territories in India, Bhagiradha Chemicals also serves five countries internationally. Exports make up 2.50% of the total revenue. The company...

Siyaram Recycling Industries Secures Order Worth Rs 98,41,200 from Micronova Industries Siyaram Recycling Industries Ltd has secured a significant order worth Rs 98,41,200 from Micronova Industries for Brass Scrap Honey. The contract details outline the terms of the fixed cost transaction with the domestic client.The agreement specifies that Siyaram Recycling Industries Ltd is to execute the order within 15 days. This contract is categorized as a fixed cost deal and does not involve related party transactions, nor do the company's promoters have any interest in Micronova Industries.Key details of the transaction awarded by Micronova Industries are presented below:AspectDetailsEntity Awarding OrderMicronova IndustriesNature...

Lakshmi Mills Company Ltd Announces Board Meeting and Trading Window Schedule Lakshmi Mills Company Limited has announced key dates related to its operational management and share trading cycle. The company is scheduled to hold a meeting of its Board of Directors in August 2026.The Board meeting will take place on Friday, August 14, 2026. The primary agenda item for the meeting is to consider and act upon the unaudited financial results for the third quarter that concluded on June 30, 2026.In addition to this corporate governance update, the company provided details regarding its trading window schedule.A structured look at the trading window dates is as follows:EventStart DateEnd Date / Open DateTrading Window Closed...

ICRA Reaffirms Credit Ratings for JTEKT India Ltd’s Long-Term and Short-Term Bank FacilitiesJtekt India Limited has received credit ratings from ICRA Limited regarding its banking facilities, which span long-term and short-term instruments. The rating actions have affirmed the company's standing across various debt components.ICRA Limited assessed JTEKT India Limited’s instruments, with a total rated amount of 689.14 Rs. crore for the various bank limits and funds. ICRA reaffirmed the long-term bank facilities rating at [ICRA] AA (Stable) and assigned the short-term bank facilities rating at [ICRA] A1+.The comprehensive details of the instruments rated by ICRA, including their amounts and respective ratings, are summarized below...

Helios Fund Pivots Strategy: Titan, Coal India Added as the Scheme Maintains Strong Market Exposure The Samir Arora-backed Helios Flexicap Fund undertook a significant portfolio reshuffle in June, adjusting its strategic exposure across consumer goods, commodities, and financial services. The fund completed the month with 68 stocks, managing an Assets Under Management (AUM) totaling ₹7,577 crore. This comprehensive review saw the addition of several key companies while strategically exiting holdings including Kotak Mahindra Bank and Bajaj Auto.Portfolio Overhaul: Key Additions and Exit Decisions The fund introduced positions in six new entities during June. These additions included Titan Company (accounting for 1.9 percent of the...

Pace Digitek Subsidiary Marks One Year of BESS Manufacturing, Reaches 260 Container MilestoneBengaluru: Pace Digitek Limited has announced a significant milestone achieved by its subsidiary, Lineage Power Private Limited (LPPL), which has completed one year of commercial Battery Energy Storage System (BESS) manufacturing at its Bidadi facility. This achievement solidifies the company's growing presence in India's energy storage sector.During this commemorative first year, LPPL successfully manufactured over 260 utility-scale BESS containers. This production output translates to an integrated BESS capacity exceeding 1.25 GWh, marking it as one of the largest utility-scale Cell to BESS manufacturing achievements by an Indian company...

Fortis Healthcare Approves Re-appointment of Dr. Ashutosh Raghuvanshi as MD and CEO Fortis Healthcare Limited has approved the re-appointment of Dr. Ashutosh Raghuvanshi as Managing Director and Chief Executive Officer, citing his extensive expertise and critical role in steering the company's growth. The decision was made by the Board of Directors at its meeting held on July 8, 2026.Subject to shareholder approval, Dr. Raghuvanshi will continue in the capacity of Managing Director (designated as MD and CEO) for a further period of two years, effective from March 19, 2027. This reappointment extends his role beyond the expiration of his current term on March 18, 2027.The Board meeting considered the matter following the realization...

Global Markets Tumble as Trump Declares US-Iran Ceasefire 'Over,' Sparking Oil Surge and Renewed Geopolitical Fears Wall Street futures registered significant declines on Wednesday after US President Donald Trump signaled that the fragile, tentative ceasefire between the United States and Iran was definitively concluded. The declaration instantly reignited fears regarding a broader regional conflict in the Middle East, leading to a sharp surge in global oil prices exceeding 5 percent.The market reacted immediately to the news of the failed truce. Nasdaq 100 futures dropped by 1.1 percent during afternoon Asian trading sessions. S&P 500 futures and Dow Jones futures both declined by 0.7 percent, reflecting the heightened uncertainty...

Oil Jumps Over 6% as Trump Declares Iran Ceasefire 'Over,' Igniting Crude Market Fears Oil prices surged dramatically, driven by President Donald Trump's declaration that the tentative ceasefire with Iran is concluded. This move has rapidly escalated the prospect of renewed conflict in a critically important global energy region. Brent futures added more than 6% in London as West Texas Intermediate also leaped higher following the statement.Oil Market Reacts to Escalating Geopolitical Tensions The President made his remarks during a press conference in Ankara, stating that he did not wish to deal with Iran further. He clarified that while he would continue allowing negotiators to speak with Iran, he felt they were wasting their time...

KOSPI Plunges Into Bear Market as AI Chip Rally Collapses Amid Valuation Fears South Korea's stock markets are experiencing a sharp reversal, with the benchmark KOSPI index entering a confirmed bear market. The rapid sell-off signals a profound shift in investor sentiment regarding the once-unstoppable AI growth narrative.The KOSPI closed 5.35 percent lower at 7,246.79 on July 8, marking its lowest close since May 20. This dramatic decline pushed the index more than 20 percent below its June 22 record high of 9,114.55, crossing the threshold traditionally used to define a bearish trend.Why AI Chip Stocks are Reversing Course The market correction was heavily influenced by South Korea's leading AI-linked chip manufacturers. Samsung...

V Marc India Allots Bonus Shares and Enhances Borrowing Limits After Board Meeting V Marc India Limited announced several significant corporate decisions following its Board meeting held on July 8, 2026. The company approved a bonus equity share allotment, appointed a new independent director, constituted a Risk Management Committee (RMC), and enhanced both its general borrowing limits and charge creation capacities.The Board meeting addressed the increase in paid-up equity share capital resulting from the bonus issue. A total of 12,21,03,480 Equity Shares of face value ₹10 each were allotted as fully paid up Bonus Equity Shares in a 5:1 ratio to eligible members whose names appeared in the Register of Members or List of Beneficial...

NTPC Group Achieves Milestone as Subsidiary Declares Commercial Operation of Vanki Wind Energy Project NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has declared the Commercial Operation Date (COD) for the first part capacity of the Vanki Wind Energy Project. This operational milestone contributes significantly to the renewable energy portfolio of the NTPC group.The Vanki Wind Energy Project is located in Nakhatrana, Kutch, Gujarat, and the declaration pertains to a capacity addition of 50.4 MW. The successful COD achievement marks progress in the ongoing expansion of NTPC's green energy assets.Following this operational update, the overall installed capacity of the NTPC group stands at 90,954 MW. Furthermore, the...

Cube Highways Trust Reports Zero Investor Complaints for Quarter Ending June 30, 2026 Cube Highways Trust, an InvIT, reported zero investor complaints across all categories for the quarter ending June 30, 2026. The investor grievance report covers statistics for both the Financial Year (FY) 2026-27 and the Quarter Ending (QE) June 30, 2026.The Trust reported perfect compliance regarding stakeholder grievances, with no complaints received or pending during either period. All key metrics related to complaint resolution show zero activity across the boardingsand duration categories.Investor Complaint Status Summary The report details the number of investor complaints and their status throughout FY 2026-27 and for the specific quarter...