Markets

L&T Energy CarbonLite Solutions Secures Limited Notice to Proceed for 1,600 MW Thermal Power Plant Order from NTPC Ltd Larsen & Toubro Energy CarbonLite Solutions has secured a Limited Notice to Proceed (LNTP) from NTPC Ltd. This notice relates to the main plant package for the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh. The project requires environmental clearance before the LNTP period can be fully commenced.The contract involves constructing two state-of-the-art 800 MW ultra-supercritical generating units. L&T's scope of work covers the design, engineering, manufacturing, supply, erection, testing and commissioning of Boilers, Steam Turbines, Generators, Electrostatic Precipitators (ESPs), Air Cooled Condensers...

Global Rate Hike Fears Dent Indian Markets: Sensex And Nifty Trade Flat Amid Hawkish Fed Pause The Indian stock market traded cautiously flat on Thursday, as investors grappled with the implications of the US Federal Reserve's decision. While the central bank held its key interest rates steady, indications from various policymakers regarding a future rate hike later this year dampened overall sentiment across equity markets.Stock Market Trades Flat Amid Fed Decision The domestic indices showed measured movement throughout the session following the announcement. The Sensex saw an upward correction after opening in the red at 9:28 am. It eventually recovered and traded above the 77,700 level, showing a slight recovery of 50 points...

Euro Pratik Sales Limited Set to Launch Two New Product Design Collections in August 2026 Euro Pratik Sales Limited, formerly known as Euro Pratik Sales Pvt. Ltd., announced plans for the launch of two significant new product design collections, Pastelite Volume 2 and Prism, scheduled for August 2026. The introduction of these collections underscores the company's dedication to continuous innovation and portfolio expansion in response to evolving market demands.The upcoming Pastelite Volume 2 collection is a direct follow-up to the success of its predecessor, Pastelite Volume 1. To elevate this beloved series, Pastelite Volume 2 has been carefully curated, incorporating innovative designs alongside new moulds and fresh colour...

Veritas Finance Refiles IPO: NBFC Lowers Offer Size to Rs 900 Crore Amid Strong Growth and Investor Backing Chennai-based Veritas Finance has refiled its preliminary Initial Public Offering (IPO) documents with the Securities and Exchange Board of India (SEBI), significantly revising its offer structure. The NBFC, backed by marquee investors Norwest Venture Partners and Kedaara Capital, aims to raise Rs 900 crore through a fresh issue of shares in this revised filing, dated July 29.This move comes as the company prepares for market scrutiny, especially given that the current filing is close to the expiration of validity for earlier SEBI approval documents. Previously, Veritas Finance had targeted an IPO raising up to Rs 2,800 crore...

Magellanic Cloud Subsidiary Secures ₹127.62 Million Order from GAIL for E-surveillance SystemProvigil Surveillance Limited, a wholly owned subsidiary of Magellanic Cloud Ltd., has secured a purchase order from GAIL (India) Limited. The contract involves the deployment and maintenance of an integrated E-surveillance system across GAIL's NCR (Operations & Maintenance) network.The project was awarded through the Government e-Marketplace (GeM) platform. The scope of work for Provigil includes the Supply, Installation, Testing, and Commissioning (SITC), along with ongoing maintenance of the advanced Esurveillance infrastructure, adhering to GAIL's technical specifications and contractual requirements.The total value of this contract...

Chemfab Alkalis Reports Q1FY27 Results; Chlor-Alkali Gains Efficiency as OPVC Segment Sees New Market Opportunities Chemfab Alkalis Limited reported its performance for the quarter ended June 30, 2026. The company noted sequential improvements in its Chlor-Alkali segment driven by operational efficiencies and rising ECU realizations, while the OPVC division demonstrated a positive market outlook despite temporary demand challenges linked to funding availability under major government infrastructure missions.The Chemical segment saw an improvement in ECU (Enriched Chlorine Unit) realization during Q1FY27, which rose from ₹39,100 per MT to ₹39,600 per MT, following global caustic price volatility. Management stated that the launch of a...

Ardee Industries IPO Set to Surge: Decoding the Price Band and High Growth Potential of Recycling Sector Leader Investors are preparing for a crucial market opportunity as the Ardee Industries public issue approaches. The Rs 425.87 crore IPO is slated to open on August 5, 2026, offering participants exposure to a leading player in India’s sustainable lead recycling and non-ferrous metals sector. This book-built issue combines both a substantial fresh issue and an Offer For Sale (OFS), signaling investor confidence in the company's robust operational capabilities and future growth trajectory.IPO Details: Price Band, Timeline and Listing Expectations The Ardee Industries IPO has established its price band at Rs 50 to Rs 53 per share...

MV Electrosystems IPO Opens: Grey Market Surge Hints at Listing Gains Amid Fundamental Concerns The eagerly awaited MV Electrosystems IPO has opened for subscription today, presenting investors with a chance to participate in a company operating within India's burgeoning railway electrification and power electronics segment. While the unofficial market suggests significant listing gains, potential buyers are advised to carefully weigh the short-term hype against the underlying financial performance of the firm before committing capital.Grey Market Sentiment Pushes Listing Price Higher The grey market is currently exhibiting a highly positive sentiment towards MV Electrosystems, with shares reportedly trading at a notable premium over...

Mobavenue AI Tech Schedules Board Meeting to Review Q2 Financial Results Mobavenue AI Tech Ltd., formerly known as Lucent Industries Limited, has scheduled a meeting of its Board of Directors to review the company's financial performance for the quarter ended June 30, 2026. The board meeting is set to be held on Tuesday, August 11, 2026.The key agenda items for the Board include reviewing and approving the Unaudited (Standalone and Consolidated) Financial Results of the company. The meeting will also cover the Limited Review Report pertaining to the quarter ending June 30, 2026. Furthermore, attendees are required to consider any other business with the permission of the Chair.In addition to the board meeting announcement, the...

MTAR Technologies Secures Amended Purchase Order Worth USD 324.62 Million MTAR Technologies Ltd., formerly known as MTAR Technologies Pvt Ltd, has announced that it has received an amended purchase order from a customer for $324.62 million. This new agreement incorporates an incremental order value amounting to $85.86 million, translating approximately to Rs. 819.94 Crores.The company confirmed the receipt of this revised contract details alongside previous commitments made by its clients. MTAR Technologies previously received purchase orders valued at USD 238.76 million, which equated to approximately Rs. 2278.96 Crores, setting a baseline for current engagements.The amended order represents a significant development in the...

EV Two-Wheeler Registrations Surge 68% in July; TVS Motor Commands Market Leadership India's electric two-wheeler segment continued its robust growth trajectory in July, registering a significant jump of 68 percent year-on-year. The total number of units registered reached 173,294 in the month, according to Government's Vahan data as of July 29. This strong annual performance occurred despite the segment experiencing an 11 percent decline compared to June's volume of 194,300 units.TVS Motor Dominates Electric Two-Wheeler Market TVS Motor maintained its clear leadership in the electric two-wheeler space for July. The company registered 47,242 units, securing a commanding 27.3 percent market share. This marks an improvement from the...

MPID Court Rules in Favor of 63 Moons Technologies, Orders Cancellation of Asset Attachment under Settlement Scheme Mumbai: 63 Moons Technologies Ltd has received a favorable ruling from the MPID Court regarding its ongoing Scheme of Arrangement between NSEL and Specified Creditors for a One Time Settlement (OTS). The court order, dated July 29, 2026, allowed one of the applications filed by the company concerning this arrangement.The company confirmed that the Scheme of Arrangement, which is aimed at providing a One Time Settlement to creditors, had been previously approved by NCLT in Mumbai, as communicated in earlier filings.In addition to the court's approval of the application, the MPID Court ordered the cancellation of asset...

Renewables Surge: Juniper Green Energy IPO Opens, Targeting Massive Debt Reduction and Long-Term Growth The Rs 1,800 crore Juniper Green Energy IPO launches today, sparking significant pre-market interest among investors. The public issue is a fresh equity offering, intended to bolster the company's financial stability while capitalizing on India's burgeoning renewable energy transition. With the grey market premium (GMP) holding steady at approximately Rs 17 per share, there is an indication of a substantial listing gain potential exceeding 8%.IPO Mechanics and Market Expectations The IPO offers equity shares in lots of 66, with investors having a defined timeframe for subscription. The company has set the price band from Rs 214 to...

HFCL Secures Export Order of USD 46.13 Million for Optical Fiber Cable Supply HFCL Limited has secured a significant export order totaling approximately USD 46.13 million (equivalent to INR 441.53 crore) from an international customer. This contract pertains to the supply of optical fiber cables, executed through the company's wholly owned overseas subsidiary.The successful acquisition of this major order reinforces the standing and technological quality recognized by global clients in HFCL’s manufacturing capabilities.Details regarding the awarded contract are provided below:ParticularsDetailsName of awarding entityInternational CustomerNature of orderSupply of Optical Fiber Cables as per customer specificationsEntity...

GIFT Nifty Signals Muted Day as AI Concerns Weigh on Global Markets Ahead of Fed Pause Indian equities face a mixed outlook as domestic buying strength clashes with ongoing global concerns over high-cost AI investments. Despite a strong rally witnessed on Wednesday, the market is anticipated to open subdued after Wall Street's sharp sell-off and caution surrounding the US Federal Reserve's interest rate decision.GIFT Nifty Reading Dampens Domestic Expectations The primary indicator for the opening session, GIFT Nifty, was trading at 24,215 around 8:00 am. This reading reflected a marginal weakness, down 88 points or 0.36 percent, suggesting that the Nifty 50 might open slightly below Wednesday's close of 24,250.20.This cautious...

Xtranet Technologies Prepares for Market Debut as 11% Grey Market Premium Signals Investor Optimism Xtranet Technologies is scheduled to make its stock market debut on Thursday, July 30. The company successfully raised Rs 166.80 crore through its Initial Public Offering (IPO). Shares of Xtranet will be listed on both the BSE and NSE, reflecting robust investor interest in the rapidly growing IT solutions sector.The stock is currently commanding a Grey Market Premium (GMP) of around 11%. This premium indicates positive pre-market sentiment. Given the upper price band of Rs 127 per share, the expected listing price stands at approximately Rs 142, translating to an estimated gain nearing 11% over the issue price.IPO Subscription...

Bandhan Small Cap Fund Acquires Equity in L. T. Elevator Ltd via Preferential Allotment L. T. Elevator Limited has seen its equity capitalization update following a preferential allotment of shares to Bandhan Small Cap Fund. The transaction, which was completed on July 27, 2026, involved the acquisition of equity shares by the fund from L. T. Elevator Limited.The acquisition details highlight that the Bandhan Small Cap Fund acquired 10,80,000 equity shares in L. T. Elevator Limited. This allotment is recorded as a preferential transaction for the fund.Before this acquisition, the holding of Bandhan Small Cap Fund with respect to L. T. Elevator Limited stood at 10,80,000 shares, representing 4.95% of the total diluted share/voting...

Markets Surge Robustly as Consumer Stocks Thrive Despite Global Tensions and Rising Oil Prices The Indian stock market experienced a sharp rally on Wednesday, with benchmark indices posting significant gains even amid escalating US-Iran tensions and a rise in oil prices. The market demonstrated resilience, adding over Rs 4 lakh crore to the total market capitalization of all companies listed on BSE, pushing it up to Rs 483 lakh crore.The Sensex soared nearly 889 points, closing at 77,655, while Nifty climbed around 265 points, settling above 24,250. This broad-based surge highlights the sector rotation and robust earnings reported across multiple industries.Consumer Staples and Financial Sector Strength Shine Companies in consumer...

Pine View Portfolio Consultants Sells Shares in Adishakti Loha and Ispat Limited Pine View Portfolio Consultants Private Limited has sold a significant portion of its holdings in Adishakti Loha and Ispat Limited, completing the Open Market sales over two consecutive days. The sale marks a change in stake for the consultant firm regarding the target company.The sales transaction involved 540,000 shares across two dates: 350,000 shares were sold on July 27, 2026, and an additional 190,000 shares were sold on July 28, 2026.Pine View Portfolio Consultants Private Limited initially held 10,50,000 shares in Adishakti Loha and Ispat Limited, representing a stake of 8.36% prior to the sales. Following the disposal of 540,000 shares, the...

M/S BSL Infrastructure Ltd Acquires Control of P.M. Telelinnks; Board Restructured Following Transaction Completion On July 29, 2026, the Board of Directors of P.M. Telelinnks Ltd formalized a significant change in company control following the completion of a share purchase transaction. M/S BSL INFRASTRUCTURE LTD acquired controlling interest in the Target Company, establishing itself as the sole promoter.The acquisition involved the transfer of 48,38,733 Equity Shares, representing 48.03% of P.M. Telelinnks Ltd.'s paid-up equity share capital. The shares were acquired by Incoming AG Members (M/S BSL INFRASTRUCTURE LTD.) from Outgoing PG Members (including Mr. Gulab Chand Pukhraj Surana, Ms. Meena Surana, M/s. Kaveri (India) Limited...