Markets

United Drilling Tools Secures Breakthrough in Premium Oilfield Segment with Deployment at Oil India Ltd. United Drilling Tools Ltd. (UDTL), a leading specialized equipment supplier for the oil and gas sector, has successfully entered the premium casing and tubing segment in India following the deployment of its advanced 'premium connection' casing pipes at Oil India Limited (OIL). This milestone positions UDTL as a proven domestic manufacturer capable of serving the high-value requirements of national and private energy companies.The successful execution involved supplying 7-inch premium production casing, totaling 5,000 metres, which were installed and utilized in a gas well located in Assam by Oil India Limited. UDTL's entry into...

CONCOR Board Meeting Scheduled to Discuss Q2 Results and Potential Interim Dividend Container Corporation of India Ltd (CONCOR), a Navratna CPSE and multi-modal logistics company owned by the Government of India, has scheduled a meeting of its Board of Directors. The meeting is set for Friday, July 24, 2026.The primary agenda items for the Board include considering the unaudited Financial Results for the quarter ending June 30, 2026. Furthermore, during the meeting, the Board may consider the declaration of an Interim Dividend for the financial year 2026-27 to shareholders.In related market activity, the trading window concerning the Equity Shares of Container Corporation of India Ltd has been closed. This restriction applies to all...

Ceigall India and SIML Secure Major EPC Contract for NH-913 Road Construction Ceigall India Limited (CIL) has emerged as the L1 bidder in a significant infrastructure project alongside Sushee Infra & Mining Limited (SIML). The joint venture secured this contract after the financial bid opening conducted by the Ministry of Road Transport and Highways on July 8, 2026. CIL holds a 74% stake in the partnership, while SIML contributes 26%.The contract involves the construction of a road section under an Engineering Procurement Construction (EPC) model. This vital project is situated in Arunachal Pradesh.Details regarding the awarded contract are as follows:ParticularsDetailsAwarding EntityMinistry of Road Transport and Highways...

Share India Securities Ltd Allots INR 50 Crores in Non-Convertible Debentures through Private Placement Share India Securities Ltd has approved the allotment of Non-Convertible Debentures (NCDs) on a private placement basis, raising a total of INR 50 crore. The decision was made by the Finance Committee of the Board of Directors during a meeting held on July 8, 2026.The issuance involves 50,000 listed, secured, rated, senior, taxable, transferable, and redeemable NCDs. Each debenture has a face value of INR 10,000, amounting to a total aggregation of INR 50,00,00,000/-.The company intends to list these NCDs on the wholesale debt market (WDM) segment of the BSE Limited. The instrument has a tenure of 459 days from the date of...

Twamev Clarifies Delay in Disclosing Chief Operating Officer Resignation Twamev Construction and Infrastructure Limited has provided clarification regarding the delayed disclosure concerning the resignation of its Chief Operating Officer (COO). The company addressed the lapse related to the reporting timeline for this event.The Company had previously disclosed the COO's resignation on July 3, 2026. This resignation was effective from the close of business hours on October 31, 2025.Regarding the delayed filing, the company stated that the omission was unintentional and stemmed from an inadvertent error by the Compliance Officer. The lapse occurred because the officer was unaware that the COO's resignation also required timely...

T-Bill Yields Climb as Market Absorbs All Debt in RBI Auction The Reserve Bank of India (RBI) successfully conducted its T-Bill auction, providing clarity on short-term government borrowing costs. The results confirm a full subscription across all maturities, indicating strong domestic and institutional appetite for low-risk instruments. This development offers key insights into the current yield curve dynamics within the debt market.Auction Performance Across Maturities The RBI offered a total face value of ₹ 9,000 Crore for the 91-Day T-Bill. The full amount was accepted by participants in the auction. Similarly, the bank notified ₹ 8,000 Crore for the 182-Day T-Bill, which was also fully subscribed.The longest tenure offered saw...

Aastha Spintex Plunges After Weak Listing Debut Despite Strong IPO Subscription Numbers Shares of newly-listed Gujarat textile manufacturer Aastha Spintex Limited continued a turbulent run after its stock market debut, hitting the 5% lower circuit on July 8, 2026. The company's shares were trading at Rs 123.19 per share, marking a 5% decline from the previous closing price.The textile firm recently faced intense scrutiny following its listing, which was characterized by a significant discount relative to the IPO issue price. Aastha Spintex listed on both the BSE and NSE at Rs 130 per share, which reflected a 4.41% markdown from the IPO's issue price of Rs 136.IPO Performance and Subscription DetailsDespite the post-listing slump...

Asian Hotels (North) Announces Resignation of Chief Financial Officer Asian Hotels (North) Ltd. has confirmed that Mr. Sachin Goel has resigned from his position as Chief Financial Officer (CFO) of the company. The resignation is effective as of the close of business hours on July 07, 2026.The departure comes due to personal reasons, according to the company's internal records and statements provided by Mr. Goel.Mr. Sachin Goel has been relieved from his responsibilities as CFO with effect from July 07, 2026. The company noted that he will do his best to ensure a smooth transition of his duties before his departure.Key details regarding the change in leadership are summarized below:ParticularsDetailsPosition HeldChief...

Cupid Shares Skyrocket to Fresh 52-Week High on Robust Q1 FY27 Business Update Cupid shares surged to hit a fresh one-year high on Wednesday after the company released its business update for the first quarter of FY27. The consumer wellness and personal care company saw significant investor enthusiasm following the announcement, driving its stock higher on the NSE.The stock rallied 2.21 percent, reaching ₹226 per share. This performance follows a strong rally over the past several trading sessions, with the shares gaining nearly 17 percent in four trading days.Record-Breaking Quarter and Financial Milestones The positive market reaction was driven by Cupid's Q1 FY27 outlook. The company announced in an exchange filing that it is on...

Suven Life Sciences Completes Preferential Allotment, Appoints Director, and Informs Singapore Subsidiary Incorporation Suven Life Sciences Limited announced that its Board of Directors approved the preferential allotment of equity shares following the conversion of fully paid warrants. The company also greenlit the re-appointment of Dr. Vajja Sambasiva Rao as a Non-Executive Independent Director and confirmed the incorporation of a wholly owned subsidiary in Singapore.Equity Allotment Details The Company converted 185,70,133 fully paid warrants and consequently issued and allotted 185,70,133 equity shares at an issue price of Rs. 134 per share to various Non-Promoter Persons and Entities. The aggregate consideration received for...

Mutual Funds Surge in Swiggy and Eternal, Signalling India's Pivot to Profitability The consumer internet landscape is undergoing a fundamental shift as domestic mutual funds rapidly increase their exposure to market giants like Swiggy and Eternal. These large-scale institutional investors are now among the most significant shareholders in both food delivery and quick commerce companies. This trend signals a growing confidence from Indian funds in these platforms' long-term stability and underlying business models.Domestic Funds Take Control of Swiggy and Eternal Mutual fund ownership has seen dramatic growth at Swiggy, where exposure jumped nearly fourfold over the past year. The stake rose from 5.5 percent in March 2025 to 20.2...

Indus Towers, Vodafone Idea Surge as Nomura Boosts Telecom Sector Outlook Ahead of Earnings Season Shares across the telecom sector showed varied movement on Tuesday, with strong operational guidance from Nomura lifting key stocks. Nomura retained a positive outlook for the industry ahead of the upcoming June-quarter earnings season. This bullish sentiment saw Indigo Towers and Vodafone Idea climb significantly in afternoon trading.Indus Towers shares rose 2.51% to Rs 392.40. Simultaneously, Vodafone Idea gained 2.60%, reaching Rs 14.21. However, Bharti Airtel bucked this positive trend, slipping by 1.42% and settling at Rs 1,898.40 in the trading session.Bharti Airtel's Broad-Based Delivery Drives Revenue Growth Nomura’s 1QFY27...

R.S. Software Announces Board Meeting for Financial Results and Declares Insider Trading WindowR.S. Software (India) Ltd has announced details regarding an upcoming meeting of its Board of Directors, where it will consider the audited financial results for the quarter ending June 30, 2026. Furthermore, the company confirmed the operational schedule for its trading window concerning insiders and key personnel.The Board Meeting is scheduled to take place on Wednesday, July 22, 2026, at 4:45 PM. The primary focus of the meeting will be to review and approve the Audited Financial Results for the quarter ending June 30, 2026, along with other related matters pertinent to the company's performance during that period.In addition to the...

Mutual Fund Assets Surge Past FII Holdings, Marking Major Shift in India's Capital Markets The Milestone Achieved: MF Assets Surpass FII Holdings Mutual fund assets under custody have finally surpassed those held by foreign institutional investors (FIIs), marking a pivotal moment for the domestic investment sector. As of June 2026, total mutual fund assets stood at Rs 76.41 lakh crore, marginally exceeding the Rs 76.22 lakh crore held by FIIs, according to NSDL data.This significant crossover occurred primarily because of sustained selling by foreign investors in equity markets throughout 2026. Foreign institutional portfolios were severely affected by market corrections amid concerns over trade wars and recent geopolitical tensions...

Poly Medicure secures stay order in Delhi High Court regarding stamp duty dispute Poly Medicure Limited has received a significant update regarding its legal proceedings concerning a stamp duty matter before the Hon'ble High Court of Delhi. The company confirmed that the operation and execution of the impugned order, which was originally dated June 15, 2026, has been stayed by the High Court.The writ petition filed by Poly Medicure challenging the orders issued by the Office of Collector of Stamps, Revenue Department, Government of NCT of Delhi, was heard before the Hon'ble High Court of Delhi on July 03, 2026. During the hearing, the High Court observed that no one appeared on behalf of the respondent party.As a result of the court...

Artson Ltd Board Meeting Scheduled to Approve First Quarter Un-audited Financial Results Artson Ltd has announced that its Board of Directors will meet on Wednesday, July 15, 2026, to consider and approve the Un-audited Financial Results (UFR) for the first quarter ended June 30, 2026.The meeting is scheduled to review the financial performance of the company during the specified quarter.In adherence to internal corporate governance standards, Artson Ltd also provided information regarding the status of the trading window concerning its securities. The trading window has been closed since June 23, 2026, and will remain closed until 48 hours prior to the public announcement of the aforementioned UFR.

Subsidiary of Cryogenic Ogs Ltd Receives Order Worth Rs 5.27 Crore from Fimer India Private Limited Cryogenic Ogs Ltd reports that its subsidiary, Infravolt Engineering Private Limited, has secured an order from Fimer India Private Limited for the supply of Busbar Kits. The contract, confirmed on July 8, 2026, aggregates to Rs 5,27,00,451.53, which includes GST.The domestic contract involves the supply of busbars and was awarded by Fimer India Private Limited. The execution period for the order is set to conclude by November 30, 2026.Details regarding the business transaction are as follows:ParameterDetailsEntity Awarding OrderFimer India Private LimitedNature of ContractSupply of Busbar Kits (Busbars)Origin of...

L&T Vyoma and Fortanix Partner with NVIDIA to Advance Sovereign Confidential Computing in India Larsen & Toubro Vyoma, L&T's next-generation sovereign AI cloud and digital infrastructure business, has entered a strategic partnership with Fortanix Inc. and leverages NVIDIA technology. This collaboration aims to jointly deliver secure, sovereign software-as-a-service (SaaS) offerings tailored for enterprises and government organizations across India.The alliance addresses the critical need for data sovereignty, regulatory compliance, and runtime protection as AI adoption accelerates, particularly within highly regulated sectors such as banking, financial services, healthcare, and government.Under this partnership, L&T Vyoma will...

IC Electricals IPO Hits 390x Subscription as Market Awaits Listing The allotment for the Initial Public Offering (IPO) of IC Electricals Company is set to be finalized today, July 8, 2026. The SME listing saw exceptionally strong investor interest, with the bidding closing at an impressive subscription level exceeding 390 times. This outcome positions the company for a significant debut on the financial markets.The IPO was entirely a fresh issue, aggregating to Rs 47.91 crore and comprising 48.39 lakh equity shares. The company will utilize the net proceeds generated from the IPO primarily to meet its working capital requirements. IC Electricals is slated to list its shares on the NSE SME platform on Friday, July 10.IC Electricals...

SAR Televenture Completes Offer for Grand Foundry Shares, Acquiring 70.17% of Public Float The acquisition of equity shares in Grand Foundry Limited (GFL) has been finalized by M/s SAR Televenture Limited following a recently concluded public offer. The transaction involved D & A Financial Services (P) Limited acting as the Manager to the Offer.SAR Televenture Limited, referred to as the Acquirer, sought to acquire GFL equity shares through this open offer. Key details regarding the acquisition and shareholding structure were provided in the post-offer announcement released on July 7, 2026.The offer had a defined timeline, commencing with the Offer Opening Date on June 9, 2026, and closing on June 22, 2026. The last date for payment...