Markets

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...

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...