Markets

K2 Infragen Limited Incorporates Subsidiary for Telangana Road Infrastructure ProjectK2 Infragen Limited has established a new subsidiary, K2IL Bhongir Private Limited, in preparation for a significant infrastructure project focusing on road construction and development. The incorporation of this Special Purpose Vehicle (SPV) marks a strategic move to execute the required work within its core line of business.The newly incorporated entity, K2IL Bhongir Private Limited, was established on July 29, 2026. Its sole purpose is to implement and undertake the "Construction, Upgradation, Strengthening & Maintenance of Selected PRED Roads in the Bhongir Circle in Telangana under TGRDP on Hybrid Annuity Mode (HAM) - Phase-I - Package No. 2,"...

Oil Country Tubular Limited Revises Q1 Segment Results Following Typographical Corrections Oil Country Tubular Limited has revised its unaudited financial results for the quarter ended June 30, 2026, after identifying and correcting inadvertent typographical errors in the previously communicated figures. The revisions pertain to segment-wise revenue and capital employed as of June 30, 2026, along with the net Profit Before Tax and After Exceptional Items.The correction ensures that the reported Segment Results for Q1 FY27 reflect a loss of (Rs. 1,547.81 lakhs), having been previously stated incorrectly at Rs. 2824.19 lakhs. Similarly, the Total Profit Before Tax and After Exceptional Items is now accurately recorded as a loss of (Rs...

Kotyark Industries Sets Record Date for Final Dividend of ₹5.00 Per Equity ShareKotyark Industries Limited has announced the record date for shareholders eligible to receive a final dividend for the financial year 2025-26. The company specified that all dividends are subject to applicable statutory provisions and relevant taxes.The Board of Directors recommended a Final Dividend of ₹5.00 per equity share, which is based on an equity share face value of ₹10/- each. This dividend payment date is linked to the record date of Friday, August 14, 2026.According to the company, the dividend was determined following a Board meeting held on April 27, 2026. Initially recommended on pre-bonus paid-up equity share capital, the final dividend...

Data Patterns Acquires ST Advanced Composites in Strategic Move for Vertical Integration Data Patterns (India) Limited has approved the acquisition of 100% stake in ST Advanced Composites Pvt. Ltd., a Chennai-based advanced composite engineering firm. The deal aims to achieve vertical integration within the defense and aerospace sectors, enabling Data Patterns to offer integrated subsystem solutions to high-profile clients.The acquisition target, ST Advanced Composites (STAC), has an authorized share capital of Rs. 50,00,000, divided into 5,00,000 Equity Shares of Rs. 10/- each. As per the Provisional Financial Statement as on March 31, 2026, STAC recorded a turnover of Rs.416.85 lakhs.Data Patterns will gain full ownership after...

Updater Services Limited Announces Interim Dividend and Releases Q1 Financial ResultsUpdater Services Limited reported its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced an interim dividend following the meeting of its Board of Directors held on July 30, 2026.The Board declared an interim dividend of Rs. 1/- per equity share, which is based on the face value of the stock, set against a face value of Rs. 10/- each for the financial year 2026-27. The record date for shareholders eligible to receive this dividend has been fixed as August 05, 2026, and the payment is scheduled on or before Friday, August 28, 2026.Standalone Financial Performance Highlights The...

GNG Electronics Reports Strong Q1 FY27 Results: Revenue Climbs 32.1% as Refurbished Computing Sector Expands GNG Electronics Limited, a major player in India's refurbished ICT device market, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported significant year-on-year growth across key metrics, driven by the structural shift toward professionally refurbished computing solutions globally.The consolidated results showed a robust performance in Q1 FY27. Revenue from operations reached ₹412.5 Cr, marking a 32.1% increase compared to Q1 FY26. EBITDA stood at ₹52.9 Cr, achieving an EBITDA margin of 12.8%. Profit After Tax (PAT) was reported at ₹28.9 Cr, translating into a PAT margin of 7.0%...

Uno Minda Acquires Additional Equity, Increasing Stake in Minda Onkyo India Private Limited Uno Minda Limited has acquired a significant additional equity stake in its subsidiary, Minda Onkyo India Private Limited (MOIPL). The company purchased 1,51,40,352 equity shares, which represents a 19% stake in MOIPL.The acquisition was made from M/s. Onkyo Sound Corporation of Japan.Following this transaction, Uno Minda Limited's total stake in Minda Onkyo India Private Limited now stands at 99%.UNOMINDA Stock Price Movement On Thursday, UNO Minda Limited shares gained by 0.27% to settle at ₹1172.80. The stock recorded a traded volume of 634,771 shares during the session.

LIC Housing Finance Ltd. reports Q1 FY27 results; Profit After Tax rises 9.4% LIC Housing Finance Limited has reported its standalone audited results for the first quarter ended on June 30, 2026. The company saw a net profit after tax (PAT) increase to Rs 1488.32 crs, marking a rise of 9.4%, while total disbursements reached Rs 15014 crs, up by 14.5%.The Board of Directors of LIC Housing Finance Ltd. announced the results following its approval in a meeting held on July 30, 2026, in Mumbai.Performance Highlights at a Glance During the quarter ended June 30, 2026, total disbursements stood at Rs 15014 crs, compared to Rs 13116 crs in the corresponding period of FY 2026. These disbursements were distributed across segments: Individual...

P N Gadgil Jewellers Initiates Qualified Institutions Placement Setting Floor Price at ₹ 640.69 per Share P N Gadgil Jewellers Limited has announced key decisions regarding its upcoming Qualified Institutions Placement (QIP) for its equity shares of face value ₹ 10 each. The company’s Executive Committee approved the framework for the QIP, which is intended to raise capital from eligible qualified institutional buyers.The committee's approvals, formalized on July 30, 2026, include the adoption of the preliminary placement document and the draft application form designed for soliciting bids from qualified institutional investors. The company has also authorized the opening of the proposed issue through a QIP process.A critical...

Archean Chemical Industries Reports Q1 FY26 Results: Standalone and Consolidated Performance Highlights Archean Chemical Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results following a meeting held on July 30, 2026.The company’s standalone performance demonstrated specific revenue and profitability figures during the quarter. For the quarter ended June 30, 2026, total income from operations stood at 33,207.47 Lakhs. The net profit after tax for the standalone entity was reported as 4,052.77 Lakhs, resulting in a basic and diluted Earnings Per Share (EPS) of 3.28 per share.The company's consolidated results also showed strong performance...

NSE Profits Surge by 6.7% as Volatility and Trading Activity Jump Amid Global Tensions National Stock Exchange Records Profit Growth Driven by heightened Trading National Stock Exchange of India Ltd. (NSE), globally recognized as the world’s largest derivatives bourse, reported a significant rise in net income for the quarter ending June. The exchange saw its net income climb by 6.7%, primarily attributed to soaring trading activity and increased volatility across the markets.The Mumbai-headquartered NSE published its results, noting that its net income stood at Rs 3,120 crore ($326 million). This represents a notable increase compared to the Rs 2,920 crore reported in the same period last year. Furthermore, the exchange's overall...

Mahindra Last Mile Mobility achieves Unicorn Status in INR 10,822 crore Valuation Following Funding Round Led by Lightrock Mumbai: Mahindra Last Mile Mobility Limited (MLMML), a key business of Mahindra & Mahindra Ltd., has raised approximately INR 322 crore through an equity issuance. This significant investment elevates the valuation of MLMML to approximately INR 10,822 crore, marking its achievement of unicorn status in the electric vehicle market.The funding round saw Lightrock Cayman Holdings Ltd., a global platform focused on sustainable businesses, lead the investment. Existing investors International Finance Corporation (IFC) and India-Japan Fund (IJF) also participated through the exercise of their pre-emptive rights under...

Solar Cleaning Robot Maker Aegeus Technologies to Launch IPO Amid Strong Financial Turnaround Bengaluru-based Aegeus Technologies, specializing in automated solutions for solar panel upkeep, is set to launch its initial public offering (IPO). The company will open its Rs 23.71-crore issue on August 4, with the subscription period closing on August 6. This IPO presents an opportunity for investors to participate in a firm that tackles the niche market of waterless solar panel cleaning and operations and maintenance (O&M).The offering consists entirely of a fresh issue comprising 22.58 lakh equity shares. The company has set the price band between Rs 100 and Rs 105 per share, valuing Aegeus Technologies at approximately Rs 87.9 crore...

LIC Housing Finance Reports Q1 Results for FY27, Citing 21.06% Net Profit Margin on Standalone Basis LIC Housing Finance Limited announced its unaudited financial results for the first quarter of fiscal year 2026-2027 (Q1 FY27), which ended on June 30, 2026. The Company's management reported steady performance across key metrics, with the consolidated entity showing a Net Profit After Tax of 1,499.03 Crore for the quarter.Financial Performance Highlights The unaudited standalone financial results showed robust revenue generation and profitability, while the consolidated figures reflected the activities of the wider group structure.Key operating metrics for LIC Housing Finance Limited (Standalone) and the Group (Consolidated) are...

Vedanta Demerger Signals Value Unlock as Markets Eye Big Earnings from Hyundai, Swiggy Market Consolidation Continues Amid Mixed Corporate Developments Indian markets traded in a volatile yet narrow range today, settling marginally higher amid mixed corporate cues. Technically, analysts note that Nifty is encountering resistance near the 24,400 zone, which aligns with the 200-day Exponential Moving Average (EMA). While the broader recovery structure remains intact above the crucial 24,100–24,000 support zone, the inability to sustain higher levels suggests a potential consolidation phase. This could precede an extension towards the 24,600–24,800 target zone in the near term.The focus of today’s trading session included several key...

SEBI Unleashes Green Channel: Faster AIF Rollout Mechanism Accelerates Fund Launch Timeline The Securities and Exchange Board of India (SEBI) has introduced a significant regulatory overhaul aimed at streamlining the launch process for Alternative Investment Funds (AIFs). The regulator introduced a "Green-Channel" mechanism, formalized as GARUDA (Green-Channel: AIF Rollout Upon Document Acknowledgement), to drastically quicken how fund schemes can be rolled out across the industry.The new framework mandates that regular AIF schemes can commence operations just 10 days after the filing of their Placement Memorandum (PPM) with SEBI through an appointed merchant banker. This measure is designed to reduce procedural delays and facilitate...

Zee Media Corporation Limited Approves Private Placement of FCCBs to Sun India Opportunities Investing Fund Zee Media Corporation Limited has approved the allotment of Foreign Currency Convertible Bonds (FCCBs) through a private placement, granting the securities to Sun India Opportunities Investing Fund 'incorporated VCC sub-fund'. The decision was made by the Securities Issue and Allotment Committee (SIA) during a meeting held on July 30, 2026.The company allotted 3,960 FCCBs, each valued at US$ 1000, to the Investor, following the receipt of subscription money. The issuance is for 5% coupon, unsecured, and unlisted status.Upon the allotment of the bonds, there will be no change in the paid up share capital of Zee Media...

AstraZeneca Pharma India Receives NPPA Demand Notice Over Alleged Overcharging for Symbicort Turbuhaler AstraZeneca Pharma India Limited has received a demand notice from the National Pharmaceutical Pricing Authority (NPPA) regarding alleged overcharging under the Drugs (Prices Control) Order, 2013 (DPCO, 2013). The NPPA issued the notice concerning the pricing of Symbicort Turbuhaler 160/4.5 (Inhaler).The demand notice was received by AstraZeneca on July 29, 2026. It pertains to alleged overcharging for the product during the period spanning May 2016 to November 2025.The NPPA has demanded a payment of Rs. 1,48,65,83,590/-, which includes interest calculated up to August 20, 2026.Financial details and the nature of the action are...

Adani Energy Solutions Closes Qualified Institutional Placement with 21 Million Shares Allocated at ₹1,615 Price Adani Energy Solutions Limited announced the successful closure of its Qualified Institutional Placement (QIP) on July 30, 2026. The company approved the allocation of equity shares to eligible qualified institutional buyers, finalizing the issuance at a determined price point.The board's QIP Committee, in its meeting held on July 30, 2026, considered and ratified several resolutions related to the placement. Key decisions included the closure of the Issue following the receipt of application forms and funds into the escrow account from institutional buyers.Adani Energy Solutions approved the allocation of a total of...

Mahindra & Mahindra Incorporates Step-Down Subsidiary for Aerospace Market Mahindra & Mahindra Limited has confirmed the incorporation of a new step-down subsidiary, Novavayu Aerospace Limited (NAL), which falls under the Defence Industry sector. The company received confirmation regarding NAL's establishment following its incorporation on July 29, 2026.Novavayu Aerospace Limited (NAL) is registered in Mumbai, Maharashtra. The enterprise has been established to manufacture aircrafts and aerospace products, along with undertaking related services and activities.The structure of the subsidiary places it within a clear hierarchy of Mahindra entities. NAL operates as a wholly owned subsidiary of Mahindra Defence Systems Limited (MDSL)...