Markets

Nasdaq Correction and Treasury Yield Spike: Global Markets Brace for Fed Decision Chaos Amid Geopolitical Tensions Global markets experienced a volatile session as uncertainty surrounding the Federal Reserve's policy stance drove bonds to near two-decade highs, while tech stocks navigated significant correction following industry selloffs. Asian equities saw mixed movements, spurred by regulatory changes in South Korea and varied corporate earnings reports.Tech Stocks Plummet Amid Semiconductor Selloff The technology sector faced intense pressure as a deepening semiconductor rout continued on Wall Street. A specialized semiconductor gauge fell 5.3% as the tech-heavy Nasdaq 100 headed into a technical correction, registering a decline...

Cognizant Surges as AI-Led Productivity Drives Mega Deals; Agentic AI Fuels New Growth Wave Cognizant has reported robust financial performance, driven by massive deal wins focused on enterprise AI adoption and vendor consolidation. The IT services giant reported that large contract victories are predominantly linked to clients investing heavily in AI-led productivity improvements. This strategic alignment is supporting the company's steady revenue growth and expanding its client base in a rapidly changing global tech landscape.The company signed seven significant deals, each valued over $100 million during the June quarter. These contracts included three new logos, contributing to a reported Q-o-Q revenue of $5.48 billion, marking a...

Manipal Health IPO: Can Aggressive Valuation Stall Growth Amid Margin Pressure? Manipal Health Enterprises' upcoming Initial Public Offering (IPO) presents a complex picture for investors. The healthcare provider plans to raise ₹8,000 crore through a fresh issue for debt repayment and corporate purposes, alongside an offer for sale of ₹1,275 crore. This move is set to see the promoter group's stake reduce from 81.4% to 72.1%.Financial Performance and Operational Snapshot Manipal Health has demonstrated strong past revenue growth. Revenue from operations grew by 29.4% annually, reaching ₹10,335.8 crore between FY24 and FY26. Net profit also rose by 31.1% to ₹916.5 crore over the same period.Operationally, the company is a significant...

Sensex, Nifty Surge Over 1% as Tech Stocks Rally Amid Global Chip Correction India's stock markets advanced significantly on Wednesday, driven by strong performance in technology stocks and a global shift in investment sentiment. The Nifty and Sensex both posted gains exceeding one percent, bolstered by investor optimism surrounding the recent volatility seen in Asian semiconductor stocks. Foreign portfolio investors (FPI) actively participated in market gains, net buying shares worth ₹2,982 crore on the BSE.Market Gains Driven by Tech Optimism The Nifty closed at 24,250, rising 264 points or 1.1%. The Sensex surged to 77,654, up 888 points or 1.2%. This broad-based rally is fueled by expectations of a potential rotation in overseas...

Dr. Reddy's Laboratories Completes USFDA Pre-Approval and GMP Inspection at Srikakulam Unit Dr. Reddy's Laboratories Limited has completed a crucial Pre-Approval Inspection (PAI) and Good Manufacturing Practices (GMP) inspection by the United States Food & Drug Administration (USFDA). The audit was conducted at the FTO-SEZ Process Unit-02 located in Srikakulam, Andhra Pradesh.The comprehensive inspection took place over ten days, spanning from July 20, 2026, to July 29, 2026.Following the conclusion of the review, Dr. Reddy's Laboratories reported that a Form 483 was issued regarding the site. The company noted that there were three observations detailed in the document.Dr. Reddy's Laboratories has indicated that it plans to...

Rainbow Children's Medicare Limited Acquires Stake in Nellore Hospital to Strengthen Andhra Pradesh Network Rainbow Children's Medicare Limited has acquired a significant stake in Super Prime Medical Care LLP, with the move aimed at strengthening its presence and operational footprint across Andhra Pradesh. The acquisition involves purchasing 64% of the partnership interest and corresponding capital contribution in the LLP.The Company agreed to an aggregate consideration of ₹ 19.84 Cr for the proposed transaction, which includes a Partnership Interest and Contribution Transfer Agreement (PICTA) executed with existing partners of Super Prime Medical Care LLP. Upon the successful completion of the acquisition, the LLP will become a...

Lemon Tree Hotels Strengthens Global Footprint with New Signings in Nepal and Andhra PradeshNew properties in Vijayawada and Siddharthanagar expand group's portfolio across India and international markets.New Delhi, July 29, 2026 — Lemon Tree Hotels Limited, a leading hospitality company, has announced the signing of two new properties: Lemon Tree Hotel, Siddharthanagar in Nepal and Keys Select by Lemon Tree Hotels, Vijayawada in Andhra Pradesh. These signings are designed to reinforce the group's growing presence across India and Nepal, adding scale to its established operations in both regions.Both newly signed properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited...

Hexaware Reports Q2 CY26 Results: Revenue Hits USD 405.4 Million, Margin Expands Hexaware Technologies Limited, a global provider of IT solutions and services, announced its financial results for the second quarter of calendar year 2026 (Q2CY26), ending June 30, 2026. The company reported significant performance across various business segments while maintaining a focus on AI innovation.The consolidated interim statements showed a total revenue of INR 38,452 million (USD 405.4 Million) for the quarter. Profit Before Tax stood at INR 4,407 million.Financial Performance Overview Hexaware’s Q2CY26 results demonstrated growth in revenue and profitability compared to previous periods. The company maintained a focused approach on...

ADF Foods Reports Strong Q1 FY27 Results with Consolidated Revenue Growing 25.9% Year-on-Year Mumbai, July 29, 2026 — ADF Foods Limited, a manufacturer of prepared ethnic foods, announced its financial results for the first quarter ended June 30, 2026. The company reported continued robust growth across both consolidated and standalone segments, driven by market penetration and operational improvements.The company delivered another quarter of strong double-digit growth in Q1 FY27, marking its fourth consecutive quarter of performance growth. Consolidated revenue increased by 25.9% year-on-year (YoY) to Rs. 167.3 Cr. EBITDA grew by 26.0% to Rs. 29.7 Cr., while Profit After Tax (PAT) rose 13.4% to Rs. 17.3 Cr.Key performance metrics...

EFC Reports Strong Q1 FY27 Results, Driven by 29% YoY Revenue Growth and Expanding Service Ecosystem EFC (I) Limited, a real estate-as-a-service platform specializing in managed office solutions, interior design, and furniture manufacturing, announced its financial results for the first quarter of Financial Year 2026-27. The company reported consistent growth across all business segments, reinforcing its market position through its diversified service offering.The Q1 FY27 results showed a robust top line, with revenue rising 29% year over year (YoY) to ₹2,828.8 Mn. EBITDA stood at ₹1,229.6 Mn, marking a 20% YoY increase. Profit after Tax (PAT) reached ₹708.5 Mn, reflecting a 52% YoY growth in PAT.Financial Highlights for Q1 FY27 and...

Max Healthcare Institute Confirms Registration of Final Meeting Documents for Nigerian SubsidiaryMax Healthcare Institute Limited has received confirmation regarding the completion of the voluntary winding up process for its wholly-owned subsidiary, MHC Global Healthcare (Nigeria) Limited. The registration of the Account and Return of Final Meeting by the Corporate Affairs Commission marks a key step in the dissolution of the Nigerian entity.The Company confirmed that the registration documents were accepted by the Corporate Affairs Commission. According to the notification received on July 29, 2026, MHC Nigeria will be formally deemed dissolved upon the expiration of three months from the date of the relevant letter issued by the...

ICSA Reports Continued Operational Performance as Board Approves Quarterly Results Amid Post-Insolvency Transition ICSA (India) Limited has released its latest quarterly financial results, reflecting the company’s operations subsequent to its successful acquisition following liquidation proceedings. The financial statements detail the ongoing operational status of the company, which is managed under a reconstituted board and continues to meet reporting standards set by the Companies Act, 2013, and SEBI regulations.The financial reports submitted reflect that ICSA has transitioned into a going concern, a status confirmed by previous rulings related to its restructuring and eventual closure of liquidation proceedings.Key Operational...

Sun Pharma Receives ANVISA Approval to Manufacture Semaglutide in Brazil Sun Pharmaceutical Industries Limited has secured approval from the Brazilian Health Regulatory Agency, ANVISA, for manufacturing and marketing its semaglutide injection within Brazil. The treatment is intended for adults with inadequately controlled type 2 diabetes mellitus when used as an adjunct to diet and exercise.The acquisition of this crucial market authorization signals a significant expansion opportunity for the company in Latin America. Sun Pharma plans to launch the product in the coming days through a partnership with Hypera Pharma, which is identified as a leading pharmaceutical company in Brazil.The semaglutide injection will be available as a...

Tasty Bite Eatables Sets Record Date for Dividend as it Announces 42nd Annual General Meeting Tasty Bite Eatables Limited has announced key details regarding its upcoming corporate events, setting a record date for dividend entitlement and scheduling its 42nd Annual General Meeting (AGM) for the Financial Year 2025-26.The company has fixed Thursday, August 06, 2026, as the Record Date. This date is crucial for determining the eligibility of members to receive the final dividend, which will be presented at the forthcoming AGM.Tasty Bite Eatables Limited announced that its 42nd Annual General Meeting of Members will take place on Thursday, August 13, 2026. The meeting is scheduled for 11:00 a.m. IST and will be conducted via video...

Kontor Space Limited Allots 7,15,000 Convertible Warrants to Promoter in Preferential Allotment Kontor Space Limited has completed the preferential allotment of 7,15,000 Fully Convertible Warrants. The transaction was approved by the Board of Directors and relates to a private placement initiated following a resolution passed at an Extra Ordinary General Meeting on July 10, 2026.The allotment involves issuing warrants at an issue price of ₹ 75/- each, aggregating to a total consideration of ₹ 5,36,25,000. These warrants are convertible into Equity Shares of the company, which hold a face value of ₹ 10/- each and carry a premium of ₹ 65/- per share. The issuance was made on a preferential basis to a Promoter.In relation to the...

Zee Learn Announces Q1 Results and Approves Divestment of Entire Stake in Workforce Solutions Subsidiary Zee Learn Limited has released its unaudited financial results for the quarter ending June 30, 2026, alongside approving the divestment of its entire stake in Liberium Global Resources Private Limited. The company's board meeting on July 29, 2026, considered and approved both the quarterly results and the sale of the subsidiary, which specializes in workforce solutions and HR outsourcing services.The divisional revenue breakdown for the quarter highlights strong performance in educational offerings while stabilizing operations across different segments. For the quarter ended June 30, 2026, the company reported total segment revenue...

Rainbow Children's Medicare Limited initiates joint venture for new hospital in Malad, Mumbai Rainbow Children's Medicare Limited has announced a significant strategic move to expand its healthcare network through a major capacity addition. The company is involved in the development of a new children's and women's hospital at Malad, Mumbai, through its wholly owned subsidiary, Rainbow Women & Children's Hospital Private Limited (RWCHPL).The project involves an estimated cost of approximately ₹ 90 Crore. This initiative aims to augment the Company's healthcare delivery network in Western India.Partnership Structure and Shareholding Update Fountainhead TCHM Healthcare LLP has been inducted into RWCHPL as part of this development. The...

BGR Energy Systems Approves Key Leadership Appointments, Unsecured Loans, and Releases Q1 Financial Results BGR Energy Systems Limited has announced significant corporate decisions following a Board meeting held on July 29, 2026. The company approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside a Limited Review Report issued by Statutory Auditors.Key actions passed by the Board included the reappointment of Mr. Arjun Govind Raghupathy as Managing Director (MD) and the appointment of Mr. Rangarajan Mukunthan as President for Business Division. The Board also approved plans to raise unsecured loans from both the Managing Director and the Promoter group, which carry an option...

Kissht reports strong Q1 FY27 results; AUM grows 61% YoY to ₹8,001 Cr, PAT up 59% Mumbai: OnEMI Technology Solutions Limited, trading under the name Kissht, announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The technology-first digital lender reported significant growth across key metrics, with Assets Under Management (AUM) expanding by 61% year over year (YoY) to ₹8,001 Crore. Profit After Tax (PAT) saw a robust increase of 59% YoY, reaching ₹95 Crore.The results reflect the company's expansion and disciplined execution in the mass-market and mass-affluent segments.Q1 FY27 Financial Performance Highlights The performance metrics for the quarter demonstrate strong operational...

Geopolitical Firestorm Drives Crude Spike to $90.74 As Global Markets Grapple With Mixed Fed Signals Wall Street indices ended significantly lower Wednesday after the Federal Reserve maintained interest rates at their current level. The market witnessed sharp declines, with major US indices dropping over 1.5 percent. This reaction followed a mixed session that saw initial relief over the Fed decision quickly eroded by commentary from Fed Chair Kevin Warsh.US Market Volatility Amid Fed Rate Hold The Federal Reserve's decision to keep interest rates unchanged was digested with caution by investors. During his press conference, Chair Warsh reiterated his commitment to achieving price stability and returning inflation to the central...