Markets

Devyani International Reports Strong Q1 FY27 Results, Reaching Highest Ever EBITDA of INR 255 Crores Gurugram, July 29, 2026: Devyani International Limited (DIL), a prominent global Quick Service Restaurant (QSR) operator, has announced its financial results for the quarter ended June 30, 2026. The company reported robust performance, achieving its highest ever quarterly EBITDA and noting significant growth across its portfolio.The consolidated revenues for Q1 FY27 reached Rs. 15,805 million, marking a 16.5% year-over-year increase. Profitability saw marked improvement, with the business posting its highest ever EBITDA of INR 255 crores, translating to a 16.1% margin expansion. The company also recorded a Profit after Tax amounting to...

European Markets Surge as Mining and Energy Stocks Drive Rally Amid Global Tensions European equities showed resilience on Wednesday, with gains led by commodity-linked mining and energy stocks. The pan-European STOXX 600 index rose 0.35% to 648.54 points by 0704 GMT. This rally underscores how global resource strength is influencing market sentiment across the continent.Commodity Strength Boosts Mining and Energy Sectors Mining stocks experienced a strong upward move, advancing 1.5%. A key contributor was Glencore, which climbed 4% following its half-year report. The company reported a 15% increase in first-half copper production, attributed to improved grades at crucial operations.Energy shares also performed robustly, gaining...

Vinati Organics Releases Q1 Results: Details of Standalone and Consolidated Financial Performance Vinati Organics Limited has announced its Unaudited Financial Results for the quarter ended June 30, 2026. The results cover both standalone and consolidated figures, reflecting the performance of the company and its group entities in the chemical manufacturing sector.The Board of Directors reviewed and approved the unaudited financial statements, which were certified by the Statutory Auditors of the Company. The Group's operations are primarily focused on the manufacturing of chemicals, constituting a single primary segment in the context of operating segments.Unaudited Standalone Financial Results For the quarter ended June 30, 2026...

Major Jewellery Brands Maintain Gold Rates: Check 22K Price Trends Across Tanishq, Malabar and IBJA Gold rates remained largely steady across major jewellery retailers on Wednesday, July 29, 2026. Most leading brands have maintained their pricing from the previous day, indicating a stable trend in the market for gold buyers. Consumers planning to make purchases are advised to cross-reference prices among Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers.Current 22K Gold Rates at Premier Retailers Tanishq has set the rate for 22k gold jewellery at ₹13,260 per gram across its major cities including New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. This price point is consistent with the rate recorded on July 28, 2026...

Vidhi Specialty Food Ingredients Limited Approves Un-audited Financial Results for Quarter Ending June 30, 2026 Vidhi Specialty Food Ingredients Limited has released its un-audited financial results for the quarter ended June 30, 2026, and announced details regarding its upcoming Annual General Meeting. The company's Board of Directors considered and approved these interim results, along with the Limited Review Report, during a meeting held on July 29, 2026.Key outcomes from the Board meeting included:Approval of the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Taking on record the Limited Review Report for the first quarter ended June 30, 2026. Convening the 33rd Annual General...

Bitcoin Slips Near $63K Amid Chip Sell-Offs and Fed Uncertainty, Triggering Massive Liquidations Bitcoin faced renewed pressure on Wednesday, consolidating around the $63,700 level after a sharp correction. The cryptocurrency was trading at $63,973, having briefly fallen to a 10-day low near $63,000. This short-term weakness was driven by a combination of falling investor sentiment, massive liquidations, and growing concerns surrounding the Federal Reserve's interest rate outlook.Triggers Behind Crypto Correction The crypto market downturn was significantly influenced by broader macroeconomic cues spilling over into digital assets. A sharp sell-off observed in Asian semiconductor stocks contributed to the downward pressure on Wall...

Meghmani Organics Reports Q1 Results; Announces New Compliance Officer and Strategic Amalgamation Plan Meghmani Organics Limited reported its unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The company also announced key appointments, including a new Company Secretary and Compliance Officer, following a Board meeting held on July 29, 2026.The company approved the interim financial results, which were reviewed by the Audit Committee and the Board of Directors.Operational and Management Updates Board of Directors approved the appointment of Mr. Naresh Prajapati as the Company Secretary and Compliance Officer. This designation was made following a recommendation from the Nomination and...

Shree Balaji Mala Stock Surges 90% on Listing Day After IPO Frenzy, Hits Circuit Breaker Due to Profit Booking The SME market witnessed a significant performance surge for Shree Balaji (Mala) Textiles today as shares were listed at a powerful premium. The stock opened trading at Rs 133, marking a sharp jump over its issue price of Rs 70. This impressive movement underscored the high investor appetite for the textile company’s listing on the BSE SME platform.However, immediate profit booking drove heavy selling pressure later in the session. The stock subsequently declined from its opening highs down to Rs 126.35, triggering a 5 percent lower circuit limit. This volatility highlights the rapid reaction of the market to the initial...

V-Guard Industries Announces Board Outcomes and Approves Q3 Financial Results; Appoints New Chairperson V-Guard Industries Limited announced key outcomes of its Board meeting held on July 29, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also detailed personnel changes, including the appointment of a new Chairperson of the Board.The Directors reviewed and approved the Un-Audited Standalone & Consolidated Financial Results of the Company for the quarter ending June 30, 2026. These results include data from previous quarters (Q1/Q2 FY26) and full financial year results for March 31, 2026.Key Governance Changes and Equity Allotment The Board meeting...

Emkay Global Financial Services Limits Capital Following Warrant Conversion and Share Allotment Emkay Global Financial Services Limited has seen an increase in its paid-up capital following the allotment of equity shares resulting from the conversion of warrants held by promoters. The company approved the allotment of 1,00,000 equity shares to Mr. Prakash Kacholia on July 29, 2026, after receipt of the balance subscription amount for the converted warrants.The Management Committee of the Company considered and approved this allotment, wherein 1,00,000 warrants were converted into equity shares. The conversion was completed upon payment of the remaining balance subscription amount of Rs. 179.625 per warrant, which represents 75% of the...

Annapurna Swadisht Limited Receives In-Principle Approval for Migration from NSE EMERGE to Main Board Annapurna Swadisht Limited has received in-principle approval from the National Stock Exchange of India (NSE) regarding the migration of its equity shares trading from the SME Platform (EMERGE) to the Main Board of the NSE.The NSE granted the in-principle approval for the company's equity shares, which are set at a face value of Rs. 10/- each. This development marks a significant step in the company’s journey toward transitioning its listing status.According to details provided by the exchange, the migration applies to 21,800,000 equity shares of the company. The approval was issued by the NSE on July 28, 2026.The key details...

Zydus Lifesciences Ordered to Pay Stamp Duty and Penalties Following Asset Acquisition Valuation Dispute Zydus Lifesciences Limited has received an order from the Office of the Superintendent of Stamps in Gandhinagar concerning the acquisition of assets from Sterling Biotech Limited. The transaction, which involved a Sale Deed executed by Zydus, resulted in the authority determining the market value of the transferred property and concluding that additional stamp duty was payable on the deal.The acquisition involved various assets, including land, buildings, plant, and machinery from Sterling Biotech Limited, described as a joint venture company. The Office of the Superintendent of Stamps determined the market value of these...

Jagran Prakashan Updates Supreme Court Appeal Status and Postpones Board Meeting Date Jagran Prakashan Limited has provided an update regarding its legal appeal before the Hon'ble Supreme Court, while also noting a postponement for an upcoming Board Meeting.The Civil Appeal No. 9185 of 2026, filed by Jagran Media Network Investment Private Limited (JMNIPL), was listed before the Supreme Court on July 24, 2026. The Hon'ble Court issued notice in connection with the matter and has scheduled the appeal for further hearing on August 3, 2026, after directing the completion of necessary pleadings.In addition to the court proceedings, the company confirmed that a previous Board Meeting date, which was set for July 31, 2026, has been...

High Court Partially Sets Aside Arbitral Award Against Kalpataru’s Joint Venture in NHAI Dispute The arbitration outcome concerning Kurukshetra Expressway Private Limited (KEPL), a joint venture of Kalpataru Projects International Limited, and the National Highways Authority of India (NHAI) has been partially revised by the Hon'ble High Court. The court’s order, dated July 28, 2026, resulted in one specific claim being set aside while other aspects of the previous awards remain upheld.KEPL had received arbitral awards against NHAI relating to a road project terminated by KEPL in 2021. These awards covered various payments, including the Termination Payment, following a challenge filed by NHAI under Section 34 of the Arbitration and...

Adani Ports reports strong quarterly performance with Net Profit rising to 3,649.50 crore; Security Cover confirmed Adani Ports and Special Economic Zone Limited (APSEZL) has reported its unaudited financial results and affirmed the security cover status of its non-convertible debentures for the quarter ended June 30, 2026. The company recorded Total Income of 11,673.71 crore and a Net Profit of 3,649.50 crore in consolidated figures.The Board of Directors approved these results, alongside the Limited Review Report and Security Cover Certificate issued by MSKA & Associates, LLP, the Statutory Auditors of the Company.Consolidated Financial Highlights (Quarter Ended June 30, 2026) The company's operations showed resilience across...

Vidhi Specialty Food Ingredients Approves Q1 Un-audited Results; Agrees on AGM Date Vidhi Specialty Food Ingredients Limited conducted its Board of Directors meeting on July 29, 2026, and approved the un-audited financial results for the quarter ended June 30, 2026. The company also formalized the schedule for its upcoming Annual General Meeting (AGM).During the board meeting, which commenced at 11:30 a.m. and concluded by 12:30 p.m., directors considered and approved the standalone and consolidated Un-audited Financial Results of the Company for the quarter ending June 30, 2026. Additionally, the company reviewed and recorded the Limited Review Report pertaining to the first quarter ended June 30, 2026 (both standalone and...

Shanthi Gears Approves Q1 FY27 Results, Announces Management Changes Shanthi Gears Limited (SGL) has announced the unaudited financial results for the quarter ended June 30, 2026. In addition to reviewing its performance in Quarter 1 of Fiscal Year 2027 (Q1 FY27), the Board meeting also addressed key changes in senior management personnel.The company, which is involved in the manufacture of Gearboxes and Gear Products, approved the financial results detailing its operational status.Q1 FY27 Financial Performance During the quarter ended June 30, 2026, Shanthi Gears recorded a revenue from operations of ₹1159 Cr, compared to ₹1350 Cr in the corresponding period of Q1 FY26. Profit before tax stood at ₹14.17 Cr, down from ₹30.62 Cr in...

Avio Smart Market Stack and ProClime Partner to Develop Biochar Soil Solutions for Climate-Resilient AgricultureNational | 29th July, 2026: Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Ltd., has entered into a strategic Memorandum of Understanding (MoU) with ProClime Services Private Limited. The collaboration is focused on jointly developing and commercializing next-generation biochar-based soil enhancement solutions designed to enhance agricultural productivity while supporting India's climate action objectives.The partnership merges ASMS's established rural network, deep agricultural expertise, and formulation capabilities with ProClime's specialization in carbon project development and biochar...

Devyani International Limited Reports Quarterly Results and Financial Performance Devyani International Limited (DIL) announced its unaudited financial results for the quarter ended June 30, 2026, presenting both consolidated and standalone figures across various periods. The company's performance metrics span income, expenses, and profitability across the past two years.Consolidated Financial Results Summary The consolidated statement of financial results shows key operational data for DIL.ParticularsQtr Ended 30 June 2026 (INR million)Qtr Ended 31 March 2026 (INR million)Qtr Ended 30 June 2025 (INR million)Year Ended 31 March 2026 (INR million)Income from Operations15,805.1614,368.6213,569.6956,114.79Total...

Godawari Power and Ispat Divests Stake in Jammu Pigments Limited Godawari Power And Ispat limited (GPIL) has completed a partial divestment of its equity stake in associate company, Jammu Pigments Limited (JPL). The transfer involved 7,74,000 equity shares of JPL on July 28, 2026.The transaction details confirmed that GPIL transferred the specified shares to the respective buyer's account, receiving a consideration of Rs 23.10 Crores.This disposal marks a reduction in GPIL’s ownership percentage in Jammu Pigments Limited. Following the conclusion of this first tranche of transfer, GPIL's stake in JPL has been reduced from 43.96% to 39.99%.GPIL Stock Price Movement Shares of Godawari Power And Ispat limited are rallying to ₹252.4...