Markets

RPG Life Sciences Sells API Business as Slump Sale to Subsidiary; Details Acquisition of Actis Generics Private Limited RPG Life Sciences Limited has undertaken significant strategic movements by transferring its Active Pharmaceutical Ingredients (API) business to a wholly owned subsidiary and subsequently acquiring a key intermediate supplier. The moves were approved at the company's Board meeting on July 29, 2026.The API business of RPG Life Sciences was transferred via a Business Transfer Agreement for Sale of Assets to RPG Active Pharma Limited (RPGAP), a Wholly Owned Subsidiary (WOS). This transaction represents a slump sale and is intended to provide sharp focus on the growth of the API business within the subsidiary while...

Welspun Enterprises Signs Agreement to Divest Aunta-Simaria Project at Enterprise Value of Approximately ₹1,000 Crore Welspun Enterprises Limited (WEL) has entered into a Securities Subscription and Purchase Agreement (SSPA) for the divestment of its entire shareholding in Welspun Aunta-Simaria Project Private Limited (WASPPL). The transaction involves selling WASPPL, which is the concessionaire for the Aunta-Simaria Ganga River Bridge Highway Project in Bihar, to BIIF Infrastructure II Private Limited.The project, developed under a Hybrid Annuity Model with the National Highways Authority of India (NHAI), features an 8.15 km stretch and includes one of India's widest extradosed bridges spanning the River Ganga. The highway is...

Eicher Motors Jumps as Q1 Earnings Sizzle; Market Focus Shifts to Major Deals and Technology Breakouts The market is navigating a busy period, marked by intense quarterly earnings announcements across various sectors. While many companies reveal their financial health in Q1 results, significant corporate developments and strategic investments are drawing investor attention today.Key Corporate Developments and Stocks in Focus Several stocks are highlighted for specific market interest, including NBCC, Hirect, Indo-MIM, Xtranet Tech, MOIL, MTAR Tech, Eicher Motors, Prestige Estates, Redington, TBO Tek, and ACME Solar. These companies are facing scrutiny regarding their operational strength and future growth trajectory.NBCC has secured...

Dollar Plummets as Fed Holds Rates Steady; Market Shifts Rate Hikes from Near Certainty The Bloomberg Dollar Spot Index experienced a notable decline on Wednesday after the Federal Reserve decided to maintain interest rates. This move marked the steepest drop of the dollar in two weeks and its largest post-Fed decision decline in two years.The greenback's weakening trend continued as Fed Chairman Kevin Warsh addressed the market following the announcement. Warsh highlighted that officials were closely monitoring rising Treasury yields, a suggestion which implicitly put the burden of rate increases onto investors.Third-year Treasury yields surged to their highest level since 2007 after Warsh's remarks. This suggests a shifting in...

MOIL Reports Strong Q1 FY27 Results; Profit After Tax Increases by 70% MOIL Limited, a Government of India Enterprise and the largest manganese ore producer in the country, announced strong financial and operational results for the first quarter of Fiscal Year (FY) 2026-27. The company reported significant growth across production, sales, and profitability during the period.The Board of Directors approved these results, reflecting steady performance compared to the corresponding period in FY 2025-26.Q1 Financial Performance Highlights MOIL recorded substantial increases in both operational and profit metrics for the quarter. The company's revenue growth contributed to a significant rise in its Profit After Tax (PAT).The key...

Stock Markets Plunge as Fed Holds Rates; Tech Fears and Inflation Pressure Drive Market Dip The U.S. stock market experienced a sharp sell-off today after the Federal Reserve opted to hold the benchmark interest rate steady, drawing criticism from three members of the 12-member Federal Open Market Committee. The S&P 500 saw its lowest close in one month, while investor concerns over AI spending sustainability and rising inflation pushed major indices lower across the board.Key Index Movements and Market Performance The Dow Jones Industrial Average (DJIA) fell significantly, dropping by 1,129.03 points or 2.14%, closing at 51,618.29. The S&P 500 lost 111.36 points (1.50%) to settle at 7,317.42 points. The technology-heavy Nasdaq...

AERA Issues Tariff Order for GMR's Bhogapuram International Airport in Andhra Pradesh The Airports Economic Regulatory Authority (AERA) has issued a crucial Tariff order pertaining to the operations of Bhogapuram International Airport in Andhra Pradesh, which is being developed by GMR’s subsidiary, GMR Visakhapatnam International Airport Limited. The airport project involves the Design, Build, Finance, Operate and Transfer (DBFOT) of the Greenfield facility.The AERA has released Tariff order bearing no. 10/2026-27 concerning the determination of ad-hoc aeronautical charges and tariff for Bhogapuram International Airport. This order is specifically designed to cover the period commencing from the airport's commercial date of operation...

Mangalam Cement Announces 50th Annual General Meeting, Proposes Dividend of Rs 1.50 Per Share Mangalam Cement Limited has scheduled its 50th Annual General Meeting (AGM) and announced the availability of its Annual Report for the financial year ended March 31, 2026. The company is also proposing a final dividend for its shareholders.The 50th AGM is set to be held on Friday, August 21, 2026, at 2:00 P.M. (IST). Members who have registered their email addresses with the Company or Depository Participants are receiving the Notice of the AGM along with the Annual Report electronically. For those whose emails are not registered, a web link has been provided to access the company's Annual Report for the financial year 2025-26.The Annual...

Power Grid Sets Record Date and AGM Details for Final Dividend on Equity Shares Power Grid Corporation of India Limited has announced key dates regarding the entitlement of members for the Final Dividend on Equity Shares for the Financial Year 2025-26. The company has set Thursday, August 13, 2026, as the Record Date for determining member entitlement to the dividend and for the purpose of the 37th Annual General Meeting (AGM).The 37th AGM of Power Grid Corporation of India Limited is scheduled to be held on Thursday, August 20, 2026. The meeting will take place at 11:00 A.M. (IST) and will be conducted through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM).The company further stated that should the Final Dividend be...

RPG Life Sciences Establishes Focused API Unit, Securing Investment and Acquiring Actis Generics RPG Life Sciences Limited has executed a strategic move to accelerate its next phase of growth by establishing a focused Active Pharmaceutical Ingredients (API) business. The company transferred its existing API business to its wholly owned subsidiary, RPG Active Pharma Limited (RPGAP). This initiative is coupled with a major investment partnership and the acquisition of an established API manufacturer.RPG Life Sciences executed a Business Transfer Agreement transferring its API business to RPG Active Pharma Limited on a slump sale basis. This move is part of the company’s strategy to create a focused API entity, providing dedicated...

Prestige Group Expands MMR Footprint with ₹ 6,000 Crore Thane Residential Development Mumbai, July 29, 2026: Prestige Group, a leading real estate developer in India, has announced a significant expansion into the Mumbai Metropolitan Region (MMR). The company is embarking on a strategic project in Thane—a major residential and mixed-use development valued at an estimated ₹ 6,000 crore.The ambitious undertaking spans approximately 14.6 acres and holds a developable potential exceeding 5 million square feet, positioning it as one of the largest residential projects in the micro-market. The project is designed to cater to diverse homebuyers, including young professionals, growing families, and first time buyers, with residences...

Chalet Hotels Reports Strong Q1 FY27 Results Driven by Core Business Momentum and Margin Expansion Mumbai | July 29, 2026: Chalet Hotels Limited announced its unaudited standalone and consolidated financial results for the first quarter of the fiscal year 2027 (Q1 FY27) ending June 30, 2026. The company reported strong growth across key segments, bolstered by robust margin expansion and an active development pipeline.Key highlights from Q1 FY27 include Total Income (ex-Resi) reaching INR 5,140 Mn, representing a 10% increase compared to Q1 FY26. EBITDA (ex-Resi) stood at INR 2,400 Mn, marking a 15% rise year-over-year. Furthermore, the EBITDA Margin (ex-Resi) expanded by 231 basis points to 46.7%. Consolidated PAT was reported at INR...

Acme Solar Holdings Reports Q1 FY27 Results, Showing ₹23 Billion Total Income as of June 30, 2026 Acme Solar Holdings Limited, formerly ACME Solar Holdings Private Limited, has reported its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were reviewed by the company's Audit Committee and approved by the Board of Directors on July 29, 2026.The company’s standalone financial performance showed a total income of Rs. 23,582.75 million for the quarter. Revenue from operations stood at Rs. 22,663.06 million, comprising Rs. 22,413.46 million from EPC Contracts and Rs. 249.38 million from O&M Services. Total expenses were recorded at Rs. 20,960.09 million. Profit before taxes and...

IndoStar Capital Finance Reports Strong Growth in Q1 FY27; Disbursements Up 44% Amid Sector Expansion IndoStar Capital Finance Limited, a retail focused non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results highlight robust operational growth across key lending segments and improved funding stability.The Company noted that its total disbursements reached INR 1,235 crore during the quarter, marking a significant 44% increase compared to Q1 FY26. Furthermore, the Asset under Management (AUM) stood at INR 8,244 crore as of June 30, 2026, reflecting a 6% growth over the same period in the previous...

Prestige Estates Projects Limited Reports Consolidated Financial Results for Quarter Ended June 30, 2026 Prestige Estates Projects Limited has announced its unaudited consolidated financial results for the quarter ending June 30, 2026. The company's Board of Directors approved the results, alongside Unaudited Standalone Financial Results, which detail performance across both the parent and various group entities.The consolidated figures reflect robust revenue generation, driven by a wide array of subsidiaries and joint ventures operating in the real estate development sector. For the quarter ending June 30, 2026, Prestige Estates Projects recorded total income of Rs. 28,356 million from operations.Key Financial Highlights...

Sarla Performance Fibers Limited Approves Final Dividend After Annual General Meeting Sarla Performance Fibers Limited announced that its members approved a final dividend at the company's 33rd Annual General Meeting (AGM) held on July 29, 2026. The resolution declared a final dividend of Rs. 2/- per equity share, which has a face value of Rs. 1/- each.The decision was taken by an ordinary resolution at the AGM. This dividend payment pertains to the financial year ended March 31, 2026.Prior to the shareholder approval, the Board of Directors had recommended the said dividend in its meeting held on April 22, 2026.The company specified that the final dividend will be paid to those shareholders whose names appear in the Register of...

KEC International Limited Announces Details of Twenty-First Annual General Meeting and Dividend KEC International Limited has announced key details regarding its forthcoming Twenty-First Annual General Meeting (AGM) for FY 2025-26, along with important timelines related to the proposed dividend. The meeting is scheduled to be held via Video Conferencing/Other Audio - Visual Means.The AGM of KEC International Limited will take place on Friday, August 21, 2026, at 11:00 a.m. (IST). Shareholders who are unable to receive the notice and Integrated Annual Report electronically can access these documents through the Company's website via the provided web-link or QR Code.Dividend and Payment Schedule The company has also confirmed details...

Waaree Energies Commissions 118.8 MW of Solar Power Facility in Neemuch Solar Park Waaree Energies Limited has successfully commissioned a portion of its solar power project in Madhya Pradesh. The company announced that it managed to commission 118.8 MW, which is part capacity, of the total planned 170MW capacity for Unit 3 of its Solar Power Facility.The commissioning milestone was achieved on July 28, 2026. This facility is located at Neemuch Solar Park in Madhya Pradesh.WAAREEENER Stock Price Movement Today, Waaree Energies Limited shares edged higher to close at ₹2736.2, gaining 1.20%. The stock finished strong after trading on a high of ₹2751.2, with the total traded volume registering over 1.13 million shares today.

JK Cement Invests in Mehrauni Electro Power to Strengthen Renewable Energy Strategy JK Cement Limited has invested in Mehrauni Electro Power Private Limited (MEPPL) through a subscription of equity shares, aiming to significantly bolster its long-term renewable energy strategy. The investment is part of a wider initiative focused on sustainable power sourcing.The Company subscribed 49,08,750 Equity shares in MEPPL, contributing an aggregate amount of Rs. 4,90,87,500. These shares were acquired at a face value of Rs. 10 per share and represent 18.31% of the equity share capital of MEPPL following allotment. The transaction was completed using cash consideration.The investment aligns with the Company’s renewable energy goals, as MEPPL...

Zensar Technologies Reports Q1 FY27 Results: Revenue Reaches ₹15,083 Million Consolidated Zensar Technologies Limited announced the results of its Board meeting held on July 29, 2026. The Board unanimously approved and recommended the Unaudited Financial results for the quarter ended June 30, 2026 (Q1 FY27), along with a Limited Review Report.The company presented both standalone and consolidated unaudited financial statements reflecting the performance of the Group during the quarter.Consolidated Performance Highlights For the quarter ended June 30, 2026, Zensar Technologies reported robust consolidated revenue figures. Total income stood at ₹15,656 Million, derived from a Revenue from operations of ₹15,083 Million and Other income...