Markets

Gujarat Alkalies and Chemicals Limited announces key dates for 53rd Annual General Meeting and dividend payment Gujarat Alkalies and Chemicals Limited has announced critical timelines concerning its upcoming 53rd Annual General Meeting (AGM) and the subsequent dividend payments for the financial year ended March 31, 2026.The Company confirmed that the 53rd AGM of its shareholders will be held on Friday, September 25, 2026. This meeting will be conducted through Video Conference (VC) or other Audio Visual Means (OAVM).To determine eligibility for dividend entitlement, the Record Date has been set as Friday, September 18, 2026.The management specified that should the dividend be approved by the shareholders at the AGM, it will be...

TeamLease Services Reports Q1FY27 Results; Completes Buyback and Divests Stake in Joint Venture Company TeamLease Services Limited announced its consolidated financial results for the first quarter (Q1FY27) of the financial year ending March 31, 2027. The company also confirmed the completion of a significant buyback transaction and the divestment of its entire stake in the joint venture company, Crystal HR and Securities Solutions Private Limited.The Q1FY27 results show steady revenue growth and improvements in profitability, supported by strategic portfolio rationalization and operational efficiency across business segments.Consolidated Financial Performance Summary TeamLease reported a total income of 3,056.20 Crores for the...

SBI Cards Launches Google Pay Flex SBI Card in Rewards Category SBI Cards and Payment Services Limited has announced the official launch of its new offering, the Google Pay Flex SBI Card, targeting the domestic market. The product, which falls under the rewards category, was launched on July 29, 2026.The introduction of the Google Pay Flex SBI Card aims to cater to consumer needs within India, focusing on providing specialized rewards benefits.Key details regarding the newly launched product are as follows:Product NameLaunch DateCategoryTarget MarketGoogle Pay Flex SBI CardJuly 29, 2026RewardsDomesticThe company confirmed the launch details, noting that the product is available for the domestic market and requires no...

Vedanta Oil and Gas Reports Strong First Quarter Results; Revenue Grows 9% as Gross Production Stands at 77.7 kboepd Mumbai: Vedanta Oil and Gas Limited, a leading private oil and gas exploration and production company in India, announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company reported a robust performance across its operations, with revenue growing 9% year-over-year (YoY) to ₹ 2,507 crore.The company recorded an EBITDA of ₹ 1,232 crore, marking a 16% quarter-on-quarter (Q-o-Q) increase, while Profit After Tax (PAT), including discontinued operations, stood at ₹ 945 crore. These results underscore the company's disciplined execution and solid financial foundation as it advances its...

Service Sector LEAP: Accommodation, Food industries Surge by 27.4% as Retail Trade Booms in May 2026 The Ministry of Statistics & Programme Implementation (MoSPI) has released the Trial Index of Services Production (ISP) for May 2026, providing a granular look at performance across 19 distinct sub-sectors. The data indicates robust momentum within consumer-facing segments, with hospitality and real estate posting significant double-digit growth. While overall service sector health appears strong in key areas, the report also highlights slowdowns in specific technological and transport services.Key Growth Catalysts: Hospitality and Retail Drive Market Rally The most striking performance marker comes from Accommodation and Food...

Bajaj Housing Finance Posts Strong Q1 FY27 Results; Net Profit Rises 23% on Sustained AUM Growth Bajaj Housing Finance Limited (BHFL) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant increase in net profit after tax (PAT), driven by steady growth in assets under management and strong performance across various income streams.The Board of Directors approved the Q1 FY27 financials, which reflect continued operational momentum compared to the previous year.Key Financial Performance Highlights The financial results show an upward trend in profitability and asset expansion. Total Income from operations reached ₹3,063.02 crore for the quarter ended June 30, 2026, up from...

India Accelerates Global Digital Transformation, Secures MoUs with 24 Countries for DPI Cooperation The Government of India has dramatically expanded its global footprint in digital governance by signing Memoranda of Understanding (MoUs) with 24 nations. This move solidifies India’s commitment to sharing its proven model of Digital Public Infrastructure (DPI), transforming domestic success into a vital global development tool. The initiatives stem from the recognition given during India's G20 Presidency that DPI acts as a critical accelerator for economic growth worldwide.Global MoUs Drive Digital Ecosystem Building The signed MoUs establish comprehensive frameworks across various international partners. These agreements focus on...

B L Kashyap Secures ₹91.57 Crore Work Order for Civil and Structural Works in Bengaluru B L Kashyap and Sons Limited has secured a significant work order worth ₹ 91.57 Crores from Embassy Development Ltd. The contract involves the execution of civil and structural works for Verde Phase II at Bengaluru, marking a substantial business achievement for the construction firm.The project falls under the category of Civil & Structural Works for Residential Building and is managed by B L Kashyap to complete within an estimated period of 17 months. Embassy Development Ltd., a domestic entity, has awarded the contract in which B L Kashyap will execute the specified works.Key details regarding the newly secured order are summarized below...

Dhanlaxmi Bank Reappoints Rajan Sleeba as Head of Human Resources for Two YearsDhanlaxmi Bank Limited has approved the re-appointment of Shri. Rajan Sleeba as the Head of Human Resources. The decision was finalized by the Bank's Board of Directors during a meeting held on July 29, 2026.Shri. Rajan Sleeba will serve in this capacity for a period of two years, effective from August 11, 2026.The appointment follows an evaluation of his extensive experience within the banking sector. Shri. Rajan Sleeba possesses over 40 years of experience in the banking industry, during which he dedicated 21 years to Dhanlaxmi Bank Ltd.Prior to his current role as Head Human Resources, he held positions as a Regional Head across various regions of...

Dhanlaxmi Bank Appoints Rajan T.K as Additional Non-Executive Independent Director Dhanlaxmi Bank Limited has appointed Mr. Rajan T.K as an Additional Director (Non-Executive Independent) to its Board of Directors. The appointment, effective from July 29, 2026, grants the director a tenure of five years.Mr. Rajan T.K was appointed by the Bank's Board of Directors on July 29, 2026, following the decision made at the board meeting.The appointment brings deep experience in finance and risk management to the Bank's leadership. Mr. Rajan T.K boasts over 34 years of service with the Reserve Bank of India (RBI). His career highlights include serving as Chief General Manager, in-charge of Supervision of the banking sector, and holding the...

SBI Card and Google Pay Launch Co-Branded Flex Card for Enhanced Digital Payments SBI Card and Google, have jointly launched the 'Google Pay Flex SBI Card', a co-branded offering designed to simplify and elevate everyday payment experiences in India. This partnership combines SBI Card’s established credit card expertise with Google Pay's digital ecosystem, aiming to deliver a seamless blend of security, flexibility, and rewards for consumers.The Google Pay Flex SBI Card allows customers to convert daily spending into rewarding opportunities by enabling the earning of Stars on all value purchases. The card supports comprehensive shopping across online and in-store outlets, including groceries, utility payments, travel bookings, bill...

Vedanta Oil and Gas Limited Reports Q1 Results, Impairment Charge of 379 Crore Due to Cambay Block Dispute Vedanta Oil and Gas Limited (VOGL) has announced its Unaudited Consolidated and Standalone Financial Results for the First Quarter ended June 30, 2026. The results reflect significant operational challenges offset by substantial gains derived from business divestitures and restructuring activities.The company's performance across both consolidated and standalone segments showed contrasting outcomes in profitability during the first quarter of the fiscal year.Consolidated Financial Performance OverviewIn the consolidated results, Vedanta Oil and Gas reported a Total Income of 2,658 crore. While revenue from operations stood at...

Art Nirman Limited Appoints Ronak Mehta and Pooja Shah as Independent Non-Executive Directors Art Nirman Limited appointed Mr. Ronak Mehta and Ms. Pooja Shah as Independent Non-Executive Directors on July 29, 2026. The appointments were made during a Board meeting held on that day.The company expanded its board with the addition of both directors. Mr. Ronak Mehta is a Company Secretary with over 10 years of experience in the field of Corporate Laws, Secretarial Practice, Regulatory Compliance, Governance, and Business Advisory Services. He has previously held directorships in Maruti Infrastructure Limited, Sunlite Recycling Industries Limited, and HEC Infra Projects Limited.Ms. Pooja Shah brings specialized expertise to the board...

Hirect Secures First U.S. Order for Traction Motor Assemblies, Expanding Global Footprint HIRECT has secured its first order from the United States for Traction Motor Assemblies, marking a significant milestone as the company enters the U.S. market. This contract reinforces HIRECT’s commitment to expanding its international presence and opens new avenues for customer relationship building in the North American market. The order is scheduled for delivery during FY27.The achievement underscores HIRECT's long-term strategy focused on gradually increasing its global footprint through sustained engagement with clients across various international markets. The company continues to concentrate on leveraging its core strengths, including...

Sensex Soars 889 Points Despite Escalating Geopolitical Tensions, Adding ₹4 Lakh Crore to Market Gains The Indian stock market witnessed a robust rally on Wednesday, with benchmark indices making sharp gains despite rising concerns regarding international tensions and increased oil prices. The strong performance helped add over ₹4 lakh crore to the total market capitalization of companies listed on BSE.Sensex and Nifty Jump Over 1% Amid Strong Market Breadth The sensex surged by nearly 889 points, closing at 77,655. Simultaneously, Nifty gained approximately 265 points, ending the session above 24,250. These sharp rises led to a positive market breadth across the NSE. The exchange registered 2,130 advances against 1,183 declines...

NINtec Delivers Enterprise AI Platform for Major European Automotive Marketplace NINtec Systems Limited has successfully delivered an enterprise-scale Artificial Intelligence (AI) transformation platform tailored for a leading consumer-to-business (C2B) automotive marketplace in Europe. This deployment solidifies NINtec’s position as a strategic AI transformation partner for enterprises adopting scaled AI solutions.The marketplace, which operates across the DACH region encompassing Germany, Austria, and Switzerland, relies on private car owners selling their vehicles to a verified network of professional dealers. The delivered platform is designed to reimagine the entire online car-selling journey through intelligent automation...

Massive Push: Civil Services Capacity Surges as Government Prioritizes AI Skill Integration India's public administration is undergoing a massive digital transformation, with significant focus placed on integrating Artificial Intelligence into government ministries and departments. Mission Karmayogi, the flagship program aimed at building civil service capacity, has made high priority to equipping the public workforce with essential skills in AI and advanced digital technologies.The effort is channeled through the iGOT Karmayogi platform, which serves as a central hub for skill development within the bureaucracy. The Ministry of Personnel, Public Grievances and Pensions confirmed that this program aims to make civil servants future...

Ramco Systems Selected by CFS Aero to Implement Aviation Software for MRO Operations Global aviation software provider Ramco Systems has been selected by CFS Aero, a leading UK-based aerospace engineering company, to implement its next-generation Aviation Software. The engagement aims to support CFS Aero's engine and APU maintenance, repair, and overhaul (MRO) operations through Ramco's unified digital platform.The partnership is designed to streamline the process of managing Engine and APU MRO from contract initiation through to cash realization while providing real-time operational and financial visibility.Digital Transformation for Aerospace Services Ramco Aviation Software will serve as an integrated management solution for CFS...

Esconet Technologies Appoints Amit Gupta as Chief Revenue Officer Esconet Technologies Limited has appointed Mr. Amit Gupta as its Chief Revenue Officer (CRO), effective July 29, 2026. The appointment marks a strategic move by the company in strengthening its revenue and business management leadership.Mr. Gupta is set to take on the role of CRO, bringing over two decades of extensive experience in the technology sector. He possesses deep expertise spanning business strategy, enterprise sales, market expansion, and channel ecosystem development within the Information Technology industry. His background includes senior leadership roles at globally recognized organizations such as Lenovo, Juniper Networks, EMC, Hewlett Packard India, and...

Kenyan Subsidiary Faces Suspension of Mining Operations Following Regulatory Notice Tata Chemicals Magadi Limited (TCML), a subsidiary of Tata Chemicals Limited, has been directed by Kenyan authorities to suspend its mining operations and halt Soda Ash exports. The decision follows receipt of a notice from the Ministry of Mining, Blue Economy and Maritime Affairs in Kenya on July 28, 2026.The Ministry of Mining, Blue Economy and Maritime Affairs issued directives requiring the company to pause its mining activities until it conducts a compliance review and submits evidence confirming adherence to all statutory documentation. Furthermore, the State Department for Mining at Mombasa has ordered the suspension of TCML's Soda Ash exports...