Markets

Independence Day Sets National Bank Holiday; Full State-Wise Calendar for August 2026 Reveals Key Closures Planning banking commitments in August 2026 requires careful attention to a varied schedule of state and national holidays. The month is marked by several significant observances, ranging from regional festivals to India's Independence Day. Knowing the precise closure dates is crucial for avoiding unnecessary trips to bank branches and ensuring time-bound transactions are completed smoothly.National Holiday Observance: August 15th The entire country will observe a nationwide closure on Saturday, August 15, 2026, marking India's Independence Day. This holiday is listed alongside the observance of Independence Day/Parsi New Year...

Syrma SGS Reports Strong Q1 FY27 Results: Revenue Jumps 67% as Export Business Strengthens Chennai, India - July 29, 2026 - Syrma SGS Technology Limited, a prominent player in India's electronics manufacturing and design ecosystem, announced robust financial results for the quarter ending June 30, 2026. The company reported significant growth across key metrics, achieving Total Revenue of ₹16,037 million, EBITDA of ₹1,766 million, and Profit After Tax (PAT) of ₹1,057 million.The consolidated financial highlights for the quarter show substantial year-on-year increases:Total Revenue grew by 67.1% YoY to reach ₹16,037 million. EBITDA rose by 72.0% YoY. PAT saw a massive increase of 111.8% YoY.Export revenue constituted 24% of the...

Ethos Limited Opens New Watch Boutique in Amritsar, Reaching 103 Boutiques Across India Ethos Limited has inaugurated a new Ethos Watch Boutique in Amritsar, significantly expanding its physical retail footprint in the luxury market. The new store is located at GF 06, Nexus Amritsar Mall, situated on Grand Trunk Rd in Maqbool Pura, Amritsar, Punjab.The launch of this boutique marks a strategic move by the company to strengthen its luxury brand portfolio and consolidate its presence within one of India's key luxury retail markets. This expansion aligns with Ethos Limited's vision of delivering unparalleled luxury experiences and making globally exclusive brands more accessible to discerning customers across India.With the addition of...

Dabur India Limited Restructures Senior Management, Names New CEO for India Business Dabur India Limited has made changes in its senior management category following an internal management restructuring. The adjustments include the appointment of a new executive to lead the India business while three other officials are noted as having ceased being Senior Management Personnel (SMP) due to the organizational shift.Mr. Herjit S. Bhalla has been appointed as the Chief Executive Officer - India Business, effective from April 23, 2026. In this role, Mr. Bhalla will report to the Global Chief Executive Officer.The internal restructuring also affected three key personnel: Mr. Rehan Hasan, Executive VP - Sales; Mr. Sriram Padmanabhan...

IDC Recommends Open Offer Price of Rs. 29 for Niraj Cement Structurals Shares The Independent Directors Committee (IDC) has issued a recommendation regarding an open offer concerning Niraj Cement Structurals Limited. The committee found the open offer price of Rs. 29.00 per fully paid-up Equity Share to be fair and reasonable.According to the IDC, the justification for the offer price rests on several points: The offer price of Rs. 29.00 per fully paid-up Equity Share was deemed reasonable compared to the volume-weighted average market price of shares sixty trading days immediately preceding the date of the public announcement. The pricing is also in accordance with relevant regulations prescribed.Regarding the composition and...

Cupid Limited Increases Stake in GII Healthcare Investment through $5 Mn Follow-on Investment Mumbai, July 29, 2026 -Cupid Limited has announced an additional follow-on investment in GII Healthcare Investment Limited, a healthcare-focused investment platform managed by GII. This investment, amounting to USD 5 million and funded entirely through internal accruals, signals Cupid's sustained confidence in the long-term strategic value of GII's healthcare investment strategy.The additional commitment follows an earlier investment by Cupid and reinforces the company’s belief in the future of the GCC healthcare sector. Cupid views the region as a market offering compelling long-term growth opportunities, driven by increasing healthcare...

Madhya Bharat Agro Products Limited Schedules Extra Ordinary General Meeting Via Video Conferencing Madhya Bharat Agro Products Limited has announced that its management will convene an Extra Ordinary General Meeting (EGM) for its shareholders. The meeting is scheduled to take place on Friday, August 28, 2026, at 11:00 A.M. IST.The EGM will be held through Video Conferencing or Other AudioVisual Means (VC/OAVM). The designated Deemed Venue for the meeting is the company’s Registered Office located at Wing A/1, 1st Floor, Ostwal Heights, Urban Forest, Atun, Bhilwara 311802.The Board has established specific timelines related to the circulation of notice and shareholder voting rights. The cut-off date for the circulation of the Notice...

Cochin Shipyard Limited Extends Charge of Chairman & Managing Director to Finance Director Jose V J Cochin Shipyard Limited, a Category-1 Miniratna Company under the Ministry of Ports, Shipping and Waterways, has received approval for the extension of the additional charge of its Chairman and Managing Director (CMD) to Shri Jose V J, Director (Finance).The decision was communicated by the Ministry of Ports, Shipping and Waterways, Government of India, following approval from the Appointments Committee of the Cabinet, Department of Personnel and Training on July 29, 2026.This extension pertains to the role entrusted to Shri Jose V J subsequent to the retirement on superannuation of the then CMD, Shri Madhu Sankunny Nair. The...

Jubilant Pharmova Announces 48th Annual General Meeting, Recommends Dividend Payment Jubilant Pharmova Limited has set the date for its 48th Annual General Meeting (AGM) and provided updates regarding the dividend recommendation for shareholders. The AGM is scheduled to take place via Video Conferencing or Other Audio Visual Means (VC/OAVM).The company's Board of Directors, during a meeting held on May 22, 2026, recommended a dividend payment of Rs. [amount] per Equity Share for the financial year ended March 31, 2026, subject to approval by the members at the AGM. The recommendation is noted as (i.e. 500%).The eligibility for the dividend is determined by the record date, which has been set for July 24, 2026. If approved, the...

Transindia Real Estate Limited Announces Scheme of Amalgamation with Madanahatti LogisticsTransindia Real Estate Limited has confirmed a significant corporate restructuring as it proceeds with the Scheme of Amalgamation involving Madanahatti Logistics and Industrial Parks Private Limited. The move involves merging the subsidiary company, Madanahatti Logistics and Industrial Parks Private Limited (the Transferor Company), into Transindia Real Estate Limited (the Transferee Company).The action follows an order passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, on July 15, 2026. This Order was issued in relation to the proposed Scheme, referenced under Company Scheme Application No. C.A. (CAA)/232/MB-III/2025. The...

Capri Global Capital Limited Partners with OpenAI to Integrate Enterprise AI into Lending Operations Capri Global Capital Limited, known by its brand name 'Capri Loans,' a leading retail-focused Non-Banking Financial Company (NBFC), announced that it is collaborating with OpenAI to adopt enterprise-grade generative AI across various key business functions. This significant initiative is designed to support Capri Loans' technology-led growth strategy.Over the coming months, the company plans to explore and deploy secure AI-powered workflows and tools aimed at enhancing customer service, streamlining knowledge management, and improving operational processes throughout its extensive network. These enhancements will benefit over 7.6 lakh...

Nath Bio-Genes Approves Quarterly Results; Fixes Annual General Meeting for September 2026 Nath Bio-Genes (India) Limited announced the approval of its unaudited financial results for the quarter ended June 30, 2026. At a Board meeting held on Wednesday, July 29, 2026, the company also fixed the date for its 33rd Annual General Meeting (AGM).The management confirmed that the Board of Directors reviewed and approved the results, along with relevant financial documentation, including limited review reports from Statutory Auditors. The AGM is scheduled to be held on Thursday, September 24, 2026, at 11:00 a.m., conducted via video conference or other audio visual means.Financial Performance Review (Quarter Ended June 30, 2026) The...

TeamLease Sells Entire Stake in Joint Venture Company for Rs 10.12 Crores Teamlease Services Limited has decided to divest its entire equity stake in a joint venture company, selling the 30% holding to Crystal HR and Securities Solutions Private Limited. The transaction was finalized under the terms of a Share Purchase Agreement (SPA) dated January 06, 2025, aiming for portfolio rationalization and capital allocation priorities.The divestment involves TeamLease exiting its partnership with Crystal HR and Securities Solutions Private Limited in the joint venture company. Following the completion of the transaction, the JV company will cease to be a joint venture of Teamlease Services Limited.The sale proceeds amounted to 10.12...

TeamLease Reports Q1FY27 Results: Revenue Up 6% YoY as PBT Jumps 38%, Buyback Completes ₹238 Crore Transaction Bengaluru, India, July 29, 2026: TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658), a prominent people supply chain company in India, has announced its consolidated unaudited financial results for the first quarter (Q1FY27) of the fiscal year ending March 31, 2027.The company reported that total revenue grew by 4% sequentially and 6% year-over-year (YoY). Profitability improved significantly, with Profit before Tax (PBT) growing 38% YoY, while the company also completed a substantial buyback of equity shares totaling ₹238 crore.Consolidated Financial Performance Snapshot The following table summarizes TeamLease...

Delhi High Court dismisses GCD Prime's stay petition regarding DCM-GCD Joint Development Agreement The Delhi High Court dismissed a Section 9 petition filed by GCD Prime against DCM Limited, ruling that the petitioner failed to establish grounds for interim relief concerning the dispute over their Joint Development Agreement (JDA). The order was pronounced on July 28, 2026.The matter pertains to the JDA executed between the two companies in August 11, 2022, regarding DCM Limited's land parcel admeasuring approximately 68.35 acres situated in Hisar, Haryana. The dispute arose after DCM issued a Notice of Forfeiture and Termination to GCD Prime on November 1, 2025.The petition filed by GCD Prime sought interim relief from the court...

Madhya Bharat Agro Products Limited Approves Preferential Allotment of Shares for Capital Raise Madhya Bharat Agro Products Limited has announced that its Board of Directors approved a significant fundraising initiative through the preferential allotment of equity shares. The decision was taken during the board meeting held on Wednesday, July 29, 2026, which commenced at 3:30 p.m. and concluded at 4:15 p.m.The company intends to raise up to Rs. 317,47,75,000 by issuing up to 2,18,95,000 equity shares. These shares carry a face value of Rs. 2/- each and are being offered at an issue price of Rs. 145/- per share, which includes a premium of Rs. 143/ per share.The company also approved several operational and governance matters during...

Aequs Limited Approves Unaudited Q1 Results, Appoints Compliance Officer, and Dissolves IPO Committee Aequs Limited has approved its unaudited financial results for the quarter ended June 30, 2026, across both standalone and consolidated entities. The Board of Directors also appointed Mr. Rajeev Kaul as the new Compliance Officer and Chief Investor Relations Officer, while simultaneously dissolving the company’s IPO Committee following the successful completion of its Initial Public Offer.The results were reviewed by M/s B S R & Co. LLP, who issued an unmodified limited review report on the unaudited standalone financial statements.Financial Performance Highlights (Q ended June 30, 2026) Aequs Limited demonstrated operational...

Ratnaveer Precision Engineering Reports Q1 Results: Revenue Reaches 3,146.35 Units; Key Metrics Detailed Ratnaveer Precision Engineering Limited (formerly known as Ratnaveer Metals Limited) has released its unaudited financial results for the first quarter ended June 30, 2026. The company provided both standalone and consolidated results, detailing performance across various segments.The Board of Directors held a meeting on July 24, 2026, to consider and approve these financial outcomes.Financial Highlights (Standalone) For the quarter ended June 30, 2026, Ratnaveer Precision Engineering reported specific figures in its unaudited standalone results. Revenue from operations stood at 3146.35, while other income was recorded at 37.91...

Paradeep Phosphates Surges 12.5% as Q1 Net Profit Jumps 24%; Announces Major Rs 250 Crore Expansion Paradeep Phosphates witnessed a significant rally on July 29, with its shares closing 12.5% higher at Rs 156.6 apiece. This strong performance followed the company's announcement of robust Q1 results and plans for major capital investment.The stock was among the top performers in the Nifty 500 index, marking it as the second highest gainer on that day. A total of nearly 156 million shares changed hands on the exchange on July 29, reflecting strong investor confidence.Profit Surge Drives Stock Rally Paradeep Phosphates reported a near 24% jump in its consolidated net profit for the quarter ended in June. The company's Q1 net profit...

Patanjali Foods Receives Tax Order Imposing Penalty of ₹80 Lakh for ITC Reversal in Rajasthan Patanjali Foods Limited has received an order from the Office of the Deputy Commissioner, State Tax Department, Circle-H, Jaipur-1, Rajasthan. The order concerns the reversal of Input Tax Credit (ITC) and carries a penalty aggregating to ₹80,37,898/-.The communication was received by the company on July 28, 2026. The Order in Original (No. DRC-07/2026-27/Circle-H/01 dated 28.07.2026) was issued under GST laws and relates to alleged irregularities regarding ITC utilization.The central issue identified by the tax authority is the wrongful availing of excess ITC and the non-reversal of this ineligible ITC. As a result, Patanjali Foods Limited...