Markets

GAIL and RCF Ink MoU to Develop 1.27 MMTPA Gas-Based Fertilizer Project in Maharashtra GAIL (India) Limited and Rashtriya Chemicals and Fertilizers Limited (RCF) have signed a Memorandum of Understanding (MoU) aimed at jointly establishing a gas-based fertilizer project in the state of Maharashtra. The collaboration involves setting up a facility through a Special Purpose Vehicle (SPV).The proposed urea production facility is planned for the Vidarbha region of Maharashtra, situated along GAIL's Mumbai-Nagpur-Jharsuguda Natural Gas Pipeline (MNJPL). This strategic partnership between the two organizations signifies their combined efforts to move the project from conceptualization to successful implementation.The MoU was formalized by...

Happy Square Outsourcing Services Settles NSE Fine Over Delayed Financial Reporting for March 2026 The Board of Directors of Happy Square Outsourcing Services Limited addressed a fine levied by the National Stock Exchange of India (NSE) concerning the delayed submission of audited standalone financial results for the quarter and financial year ended March 31, 2026. The company announced that it has remitted the fine and committed to strengthening its internal compliance processes.The Board reviewed the notice from the NSE detailing non-compliance related to the filing of the audited financial results. According to the Board’s observations, the delay occurred because the audit could not be completed within the prescribed timeline, with...

Vivek Adhav Appointed Chief Credit - Wholesale Lending at Bajaj Housing Finance Limited Bajaj Housing Finance Limited has announced the appointment of Shri Vivek Adhav as a Senior Management Personnel (SMP). The appointment is effective from August 1, 2026, filling a key leadership role within the company's credit operations.Shri Vivek Adhav was appointed to head Credit - Wholesale Lending at Bajaj Housing Finance Limited. His profile includes extensive experience in corporate and wholesale credit, construction finance, venture debt, and cross border lending.Prior to joining BHFL, Shri Adhav spent 21 years at Axis Bank, where he held several leadership positions across various areas, including large corporate credit, commercial real...

Triveni Engineering & Industries Approves Q1 FY27 Results; Announces Director Appointment and Associate Status Update Triveni Engineering & Industries Limited announced key decisions following its Board of Directors meeting held on July 29, 2026. The company approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026 (Q1 FY27). Furthermore, the board addressed major changes in personnel appointments and corporate structure regarding its investment in Triveni Power Transmission Limited (TPTL).Personnel Appointments and Remuneration UpdatesAt the meeting, the Board approved a revision to the remuneration payable to Mr. Tarun Sawhney, Vice Chairman & Managing Director of the Company. The...

Alpa Laboratories Approves In Principle Overseas Venture in Nigeria Alpa Laboratories Limited has accorded approval in principle for the promotion and incorporation of an overseas company in the Federal Republic of Nigeria, marking a significant move into international healthcare expansion.The proposed venture will be established as "Alpa Biopharm Limited," or such other name as may be approved by the competent authority. This new entity will be incorporated in association with Blueseal Pharmaceuticals Limited, based in Nigeria. The establishment is subject to receiving all applicable statutory, regulatory, and other necessary approvals.If successfully incorporated, the proposed Nigerian entity intends to undertake pharmaceutical...

Copper Slips Ahead of Fed Rates as Geopolitical Fears Ignite Aluminium Rally amid Supply Worries Benchmark three-month copper on the London Metal Exchange (LME) saw a pullback on Wednesday, trading in cautious territory ahead of a crucial Federal Reserve interest rate decision. The metal fell 0.4% to $13,631 a metric ton by 10:02 GMT. Despite the decline, copper managed to hold above its 50-day moving average support level at $13,576.The outlook for commodity demand remains under pressure due to global macroeconomic factors. The U.S. dollar has been nearing one-month highs as investors remain reserved awaiting the Fed's eventual decision. Market pricing suggests a roughly 30% probability of the central bank implementing a...

Vedanta Power Reports Strong Q1 FY27 Results: Revenue Jumps 31% as Credit Ratings Are Upgraded Vedanta Power Limited, previously known as Talwandi Sabo Power Limited, announced its financial results for the first quarter of fiscal year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported a 31% year-on-year rise in revenue and witnessed significant improvements in its operational efficiency and credit profile.The power sales for the quarter surged by 38% year-on-year, reaching 5,224 million units (MU). Total revenue reached Rs. 2,607 Crores, while EBITDA stood at Rs. 291 Crores. In addition to the operational successes, Vedanta Power saw its creditworthiness improved, with ratings upgraded to CRISIL AA+ (CE) and ICRA...

Invicta Diagnostic Limited Appoints New Managing Director and Approves Associate Stake Sale The Board of Directors of Invicta Diagnostic Limited held a meeting on July 29, 2026, during which it approved several key changes in management appointments and reviewed the sale of a significant stake in an associate LLP. The company also recorded the resignations of two senior executives.Leadership Changes and Key Appointments The Board accepted the resignation of Mr. Rohit Prakash Srivastava from the position of Whole Time Director (Finance) and Director, effective July 29, 2026. The Board appreciated his services and placed on record that he will continue serving as Chief Financial Officer (CFO) and Key Managerial Personnel.Concurrently...

Signatureglobal Enters Collaboration Agreement for Land Development in Gurugram Signatureglobal (India) Limited has entered into a Collaboration Agreement to develop project(s) on a land parcel located in Haryana. The agreement was signed on July 29, 2026.The collaboration concerns a piece of land situated at Village Alipur, Tehsil Sohna, District Gurugram, Haryana. The land parcel measures 6.14 acres.Signatureglobal has stated that the land holds an overall potential developable area of approximately 0.52 million square feet.SIGNATURE Stock Price Movement Today, Signatureglobal (India) Limited shares edged higher in the market, settling at ₹819.60 after climbing 2.36%. The stock traded through a solid intraday range, with prices...

Syngene Announces Q1 FY27 Results: Revenue at Rs 736 Cr; Operating EBITDA at Rs 91 Cr Syngene International Limited today released its financial results for the first quarter of fiscal year 2027 (Q1 FY27). The company reported revenue from operations at Rs 736 Crore, while operating EBITDA stood at Rs 91 Crore.The quarterly performance showed shifts compared to Q1 FY26. Revenue from Operations was Rs 736 Cr in Q1 FY27, down from Rs 875 Cr in Q1 FY26, representing a 16% decrease. Operating EBITDA for the quarter was Rs 91 Cr, compared to Rs 206 Cr in Q1 FY26, marking a 56% decline. The operating EBITDA margin stood at 12%, down from 24% in the previous year's corresponding period.The company reported PAT before exceptional items of...

Vedanta Iron and Steel Limited reports strong Q1 FY27 results, driven by operational efficiencies and rising realization Mumbai, July 29, 2026: Vedanta Iron and Steel Limited (VISL) today announced its consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported significant improvements in revenue and profitability, attributing the performance to increased volumes and improved product realization across its steel and iron ore businesses.The company's revenue from operations for Q1 FY27 stood at ₹3,612 crore, marking an 18% year-on-year (YoY) increase. EBITDA jumped 54% YoY to ₹515 crore, with the operating margin improving by 322 basis points (bps) to 14%. The company’s...

eMudhra Reports Q1 FY26 Financial Results, Showing Growth Across Consolidated and Standalone Segments eMudhra Limited announced its unaudited financial results for the quarter ended June 30, 2026, covering both consolidated and standalone performance. The company reported key figures across various operational segments in the digital trust services domain.The Board of Directors approved the unaudited financial statements, which are prepared in accordance with Indian Accounting Standards (Ind AS) for Interim Financial Reporting.Consolidated Performance Snapshot In the consolidated results, eMudhra posted a Total Income from Operations of 1,924.58 million INR for the quarter ended June 30, 2026. The company recorded a Profit for the...

TBO Tek Limited Announces Q1 Financial Results and Approves Director Reappointment TBO Tek Limited reported its unaudited consolidated financial results for the quarter ending June 30, 2026, following approval by the Board of Directors. The company also confirmed the re-appointment of Mr. Bhaskar Pramanik as a Non-Executive Independent Director.The Board meeting, held on July 29, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also approved the re-appointment of Mr. Bhaskar Pramanik (DIN: 00316650) as a Non-Executive Independent Director for his second term. This re-appointment is scheduled to take effect from November 24, 2026, until November 23, 2027...

Vaxtex Cotfab Limited Board Approves Reclassification of Promoter Group Member Vaxtex Cotfab Limited’s Board of Directors approved a request seeking the reclassification of a promoter group member from the "Promoter Group category" to the "Public" category. The decision was taken during a board meeting held on Wednesday, July 29, 2026.The company confirmed that Mrs. Bharti Kailash Gupta, a member of the Promoter group, sought this reclassification through a request letter dated July 21, 2026. The Board considered and unanimously passed resolutions pertaining to this matter, which is subject to approval by the National Stock Exchange of India Limited (NSE).The Board confirmed that Mrs. Bharti Kailash Gupta, identified as an Outgoing...

Vakrangee’s Profit Jumps 39.3% in Q1 FY27 as Margin Expansion and Financial Services Boost Revenue Vakrangee Limited, a leader in technology-enabled last-mile distribution platforms, reported strong performance for the quarter ended June 30, 2026. The company saw its Profit After Tax (PAT) rise by 39.3% year over quarter (QoQ) to ₹225.6 lakh. This growth was attributed to margin expansion, increased productivity from Kendras, and a growing contribution from high-margin financial services and the ATM business.The Group also maintained its debt-free status as of June 30, 2026. Strategically expanding its higher-margin financial services portfolio through partnerships in loan products and insurance services helped drive this positive...

MoRD, PCI India Partner to Unleash Women's Economic Power Through Public Procurement Strategy The Ministry of Rural Development (MoRD) has formalized a three-year partnership with Project Concern International (PCI) India to drastically strengthen women-led enterprises (WLEs). This collaboration focuses specifically on enabling Self-Help Group (SHG)-led enterprises to successfully access public and institutional procurement markets. The Memorandum of Understanding (MoU) signing ceremony, held under the chairmanship of Shri Rohit Kansal, Secretary, Department of Rural Development, marked a significant step in empowering rural women across India.The partnership formalizes an initiative that began in 2022, titled "Leveraging Public...

Arcotech Limited Announces Standalone Unaudited Financial Results for Quarter Ended June 30, 2026 Arcotech Limited has announced its standalone Unaudited Financial Results for the quarter ended on June 30, 2026. The results were reviewed by Chartered Accountants and have been approved by the company's Board of Directors.The financial outcomes are presented in detail in the appended statement, which reflects the performance of the company against various operational metrics. These results have been prepared in accordance with IND AS 34, prescribed under Section 133 of the Companies Act, 2013.Arcotech Limited confirmed that it has reached a settlement with all secured lenders who are part of the consortium as of July 1, 2026...

Almondz Global Securities Corrects Typographical Error in Q1 FY 26 Financial ResultsAlmondz Global Securities Ltd has issued a corrigendum regarding its Unaudited Financial Results for the quarter ended June 30, 2026. The correction addresses an inadvertent typographical error found in the "Performance Overview - Financial Services" section of the previously released results.The company confirmed that there is no change to the Unaudited Financial Results as approved by the Board of Directors. The corrigendum clarifies the year-on-year (YoY) quarterly comparison presented in the original press release.According to the corrected statement, for the 1Q FY 25-26, Almondz Global Securities recorded a total revenue of Rs.15.97 crore and...

Vakrangee Limited Announces Q1 FY2026 Unaudited Results; Consolidated Revenue Reaches 5,592.31 Vakrangee Limited today announced its unaudited financial results for the first quarter ended June 30, 2026, providing insights into both standalone and consolidated performance. The company’s overall revenue stood at 5,790.23 Lakhs in the first quarter of FY2026.The results reflect the Group's activities across multiple segments, including Vakrangee Kendra and Sale of Automated Teller Machines Products/Services.Consolidated Financial Highlights (Q1 FY2026) Vakrangee Limited’s consolidated unaudited statements for the quarter ended June 30, 2026, are presented below, showing a total income of 5,790.23 Lakhs against total expenses of...

MAS Financial Services Sets Record Date for Final Dividend and Annual General Meeting MAS Financial Services Limited has announced crucial dates regarding its upcoming dividend declaration and the conduction of its 31st Annual General Meeting (AGM). The company specified the period during which the Register of Member and Share Transfer Books will remain closed for taking the record of members.The final dividend, set at Rs. 0.75 per Equity Share, is subject to approval by the shareholders during the forthcoming AGM. This payment relates to the declaration of a final dividend as part of its corporate events.MAS Financial Services has provided the following key timelines:Key EventDate/PeriodPurposeRecord DateWednesday, August...