Markets

Karnataka Bank Records Highest Quarterly Net Profit of Rs 418.95 Crores; Aggregate Business Reaches All-Time High Karnataka Bank Limited announced strong financial results for the quarter ended June 30, 2026, following the approval of the bank's performance by its Board of Directors. The institution recorded a record quarterly Net Profit of Rs 418.95 crores and achieved an all-time high in Aggregate Business amounting to Rs 1,97,006.62 crores.The results reflect sustainable growth and prudent financial management practices across the bank's operations. Total Deposits stood at Rs 1,10,396.41 crores as of June 30, 2026, registering a YoY increase of 6.93% from Rs 1,03,242.17 crores recorded on June 30, 2025. Gross Advances reached Rs...

Refex Industries Records Strong Q1 FY27 Results: Revenue Rises 76.4%, PAT Jumps 122.8% Refex Industries Limited has announced its unaudited financial results for the first quarter of fiscal year 2027 (Q1 FY27), reflecting strong operational momentum and improved profitability across its business verticals. The company reported a significant increase in revenue, supported by enhanced operational capabilities and a growing order book.The Q1 FY27 figures show substantial growth compared to the previous period and full fiscal year 2026. Revenue from operations reached ₹ 619.3 crores, marking a 76.4% jump year-on-year (Y-o-Y). Profit After Tax (PAT) stood at ₹ 73.6 crores, which represents a 122.8% increase on a Y-o-Y basis.The company's...

MV Electrosystems IPO GMP Hits 25% Premium: Railway Equipment Maker Aims for Blockbuster Listing The initial public offering (IPO) of railway electrical equipment manufacturer, MV Electrosystems, is generating significant pre-market buzz ahead of its launch. The company's shares are expected to see a strong listing performance, driven by the high grey market premium (GMP).The IPO subscription opens on July 30 and runs until August 3, with the issue priced between Rs 400 and Rs 425 per share. This book-built issue represents a fresh equity issue amounting to Rs 290 crore and comprises 68 lakh shares.Grey Market Premium Signals Potential Listing Surge The GMP for the MV Electrosystems IPO has been tracked at Rs 106 by multiple...

iValue Infosolutions Reports Resilient Q1FY27 Results with Gross Sales Reaching ₹641.2 Crore Bengaluru, India - July 29, 2026: iValue Infosolutions Limited (BSE: 544523; NSE: IVALUE), a strategic technology advisor focused on securing and managing enterprises' digital assets in hybrid-cloud environments, has announced its unaudited financial results for the first quarter of FY27, which ended on June 30, 2026. The company demonstrated resilient operational performance with gross sales reaching ₹641.2 crore, while Profit After Tax (PAT) increased by 51.7% year-over-year (YoY).The results reflect the increasing demand for technology transformation solutions across enterprises, including cybersecurity, cloud services, data management, and...

Sathlokhar Synergys Announces Q1 Results and Appoints New Cost Auditor Sathlokhar Synergys E&C Global Limited, an EPC and Infrastructure Turnkey Contractor, has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company also approved a statement regarding the utilization of proceeds from a recent preferential issue and appointed M/s. S. Chockalingam & Co. as its Cost Auditor for the financial year 2026-27.The Board of Directors held a meeting on July 29, 2026, where it considered these operational updates. The company also announced plans to convene its 13th Annual General Meeting (AGM) on Thursday, September 17, 2026, via Video Conferencing and other Audio-Visual Means.Financial...

Waaree Energies Releases Q1 Financial Results, Reports Strategic Acquisitions Amid Ongoing Investigations Waaree Energies Limited today announced the Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results alongside a Limited Review Report issued by its Statutory Auditors.The results reflect significant operational scale, supported by the inclusion of 60 subsidiaries in the consolidated figures, while management addressed ongoing legal and regulatory matters in the notes accompanying the statements.Q1 Financial Performance Snapshot The company’s performance across both consolidated and standalone entities saw key movements...

Thejo Engineering Reports on Sustainability Efforts, Details Operations for FY 2025-26 Thejo Engineering Limited has provided a comprehensive overview of its business operations and sustainability performance for the Financial Year 2025-26. The report details the company’s commitment to ESG (Environmental, Social, Governance) principles, operational scale, and resource management across manufacturing units nationwide.Operational Profile and Business Focus Thejo Engineering Limited is primarily engaged in the manufacture of rubber and polyurethane-based engineered products. The company also provides services related to the installation, operation, and maintenance of conveyor belts and allied industrial services.As of March 31, 2026...

Sensex and Nifty Surge Over 1% Amid Broader Oil Declines, Boost Growth Outlook The Indian stock market witnessed a sharp rally on Wednesday, with both the benchmark Sensex and Nifty indices climbing well over 1%. This significant move took place despite an escalation of tensions in West Asia and a rise in oil prices.Sensex closed at 77,655, soaring nearly 889 points, while Nifty gained around 265 points to settle above 24,250. These substantial gains added over ₹4 lakh crore to the total market capitalization of all companies listed on BSE, lifting it to ₹483 lakh crore.Market Drivers and Sectoral PerformanceThe broader optimism in the Indian equities market was fueled by several factors. Stronger-than-expected Index of Industrial...

Star Health and Allied Insurance Announces Q1 Results, Completes NCD Redemption, and Approves Promoter Share Reclassification Star Health and Allied Insurance Company Limited has released its un-audited standalone financial results for the quarter ended June 30, 2026. The company's Board of Directors considered and approved the results, which showed net profit from continuing operations at 6.181 in the three months ended June 30, 2026.The board meeting held on July 29, 2026, covered several key corporate developments, including the reclassification of specific promoter group entities to public shareholders and the full redemption of convertible debentures (NCDs).Financial Highlights for Q1 FY2026-27 For the quarter ended June 30...

Vedanta Oil and Gas Approves Employee Stock Option and Purchase Plans for Employees Vedanta Oil and Gas Limited (formerly Malco Energy Limited) has announced the approval of two new employee incentive schemes: the Vedanta Oil and Gas Limited - Employee Stock Option Plan 2026 (VOGL ESOP 2026) and the Vedanta Oil and Gas Limited - Employee Stock Purchase Plan 2026 (VOGL ESPP 2026). These plans are designed to grant options and allow purchase opportunities to eligible employees of the company and its subsidiaries.The schemes, which were approved by the Board of Directors on July 29, 2026, target granting options for up to 5% of the total paid-up share capital through the ESOP component. The plan will be implemented via the creation of...

Amagi Appoints Martin Wacker to Lead Sales for DACH Amid European Expansion Drive Media industry cloud platform Amagi has announced the appointment of Martin Wacker as Head of Sales for DACH (Germany, Austria, Switzerland) and CEE (Central and Eastern Europe). Based in Hamburg, Wacker is tasked with leading Amagi's growth strategy across the region, reinforcing the company's commitment to one of Europe's most influential media markets.Germany holds a key position in the European broadcast ecosystem, representing one of the largest TV advertising markets in Europe and being the most populous country in the European Union, with approximately 84 million residents. The market is characterized by its complex dual broadcasting system, which...

Piramal Pharma Approves Grant of 56 Lakh Stock Options Under Employee Incentive Plan 2022 The Nomination and Remuneration Committee of the Board of Directors at Piramal Pharma Limited has approved the grant of stock options under the Employee Stock Option and Incentive Plan 2022. The decision was made during a meeting held on Wednesday, July 29, 2026.The company granted up to 56,36,436 stock options as part of the incentive plan. These options are structured according to SEBI (SBEB) Regulations, 2021. The grant was made at an exercise price of Rs.10/- per option and covers a total of 56,36,436 equity shares.Key details regarding the stock option grant include:FeatureDetailsOptions Granted56,36,436 under Employee Stock Option...

Wall Street Holds Breath: S&P 500 Futures Climb as Markets Await Fed Rate Decision and AI Earnings Clarity Global financial markets are holding their breath ahead of two major events: a critical Federal Reserve interest-rate decision and earnings reports from titans of the artificial intelligence (AI) sector. US stocks saw modest gains, with S&P 500 futures rising 0.2%, as traders gauge whether the current pace of technology spending is sustainable.Nasdaq 100 futures showed slight growth at 0.3%, while the Dow Jones Industrial Average fell 0.3%. The market remains focused on the tech sector, given concerns about whether massive capital expenditures in AI will translate into adequate returns for major companies.Big Tech Scrutiny...

Tourism Finance Corporation Holds 37th Annual General Meeting; Sets Dividend and Voting Schedules Tourism Finance Corporation of India Limited has announced details regarding its upcoming 37th Annual General Meeting (AGM), setting key dates for dividend entitlement determination and shareholder voting procedures.The Company’s 37th AGM is scheduled to be held on Friday, the 21%t day of August, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM).In terms of dividend entitlement for Fiscal Year 2025-26, the Board of Directors has set Friday, August 14, 2026, as the Record Date. This date determines which members are eligible to receive the dividend, subject to declaration...

Hikal Earns EcoVadis Gold Medal, Securing a Top 5% Ranking Globally for Sustainability Performance Hikal Limited, a major supplier to global pharmaceutical and crop protection companies, has received the prestigious EcoVadis Gold Medal rating. This recognition places the company among the top 5% of more than 175,000 businesses evaluated annually by EcoVadis globally.The EcoVadis assessment, which is the world's largest provider of business sustainability ratings and covers over 185 countries and 250+ industries, saw Hikal achieve an overall score of 84/100, securing a 97th percentile ranking. The company noted that it is one point short of achieving the Platinum Medal threshold of 85/100 and aims to meet this milestone in the...

Jagsonpal Pharmaceuticals Announces Dividend Recommendation Ahead of Annual General Meeting Jagsonpal Pharmaceuticals Limited has announced a dividend recommendation for its members in light of the upcoming Annual General Meeting (AGM). The company also set the record date for determining shareholder entitlement to the dividend.The Board of Directors recommended a dividend of Rs. 4/- per equity share. This amount represents 200% and is based on the face value of Rs. 2/- per share, covering the financial year ended March 31, 2026. The recommendation was made by the company's Board of Directors during a meeting held on April 27, 2026, and is subject to shareholder approval at the ensuing AGM.Jagsonpal Pharmaceuticals Limited has...

BHEL Clarifies Historical Milestones of Ultra High Voltage Transformer Development Bharat Heavy Electricals Limited (BHEL) addressed circulating news regarding its development of 1200 kV Ultra High Voltage AC (UHVAC) Auto Transformers, providing clarity on various past testing and commissioning achievements.The company noted that successful testing of a 333 MVA 1150/400/33 kV single phase auto Transformer took place in May 2011. This transformer subsequently was commissioned at POWERGRID's National Test Station in Bina, Madhya Pradesh, in January 2012.BHEL stated that the media reports referencing other developments pertain to past milestones. These include the 180 MVA/1200 kV Inhouse Testing Transformer, developed in 2011, and the...

Vikran Engineering Limited Commissions Strategic 132 kV Miao -Namsai Transmission Line in Arunachal Pradesh Vikran Engineering Limited, a leading engineering, procurement, and construction (EPC) company specializing in the power transmission sector, has successfully commissioned the strategically significant 132 kV Miao -Namsai Transmission Line in Arunachal Pradesh. This project marks a crucial achievement for strengthening the electricity network infrastructure in India's North Eastern Region.The commissioning of this project underscores Vikran Engineering’s technical expertise and execution capabilities, especially given the challenging terrain encountered during construction. The transmission line spans 40.630 kilometres and...

MTAR Technologies Reports Quarterly Results and Approves Key Director Reappointments MTAR Technologies Limited released its unaudited financial results for the quarter ended June 30, 2026, alongside a board meeting outcome detailing significant corporate governance updates. The Board of Directors approved these standalone and consolidated financial results, along with limited review reports, during the meeting held on July 29, 2026.Corporate Governance and Appointments The Board meeting considered and approved several key management appointments. Mr. Rohith Loka Reddy was re-appointed as a Director, retiring by rotation. Similarly, Mr. Anushman Reddy was re-appointed as a Director, also retiring by rotation.The company has scheduled...

Gokul Agro Resources Announces Quarterly Results and Details 12th AGM Gokul Agro Resources Limited (GARL) has announced the outcomes of its Board meeting held on July 29, 2026. The company released its Unaudited Financial Results for both Consolidated and Standalone entities for the quarter ended June 30, 2026. GARL also set out key dates related to its upcoming Annual General Meeting (AGM).The Board of Directors reviewed and approved the financial results along with a Limited Review Report issued by M/s Pipara & Co LLP, the Statutory Auditors of the Company. The company confirmed that the board meeting commenced at 4:15 P.M. and concluded at 5:00 P.M.The Unaudited Financial Results for both Consolidated and Standalone entities have...