Markets

Shyam Metalics and Energy Limited Commissions New 1.5 MTPA Beneficiation Plant in Odisha Shyam Metalics and Energy Limited (SMEL), a prominent integrated metal producer, announced the successful commissioning of its new 1.5 Million Tonnes Per Annum (MTPA) Beneficiation Plant located in Sambalpur, Odisha. The facility represents a capital investment of ₹150 Crore and is designed to upgrade low-grade ore into high-quality feedstock, significantly enhancing profitability and raw material optimization for the company.The newly operational plant immediately provides downstream operations with high-grade feedstock derived from processed low-grade minerals. This strategic move allows SMEL to reduce reliance on external, costly feedstocks by...

Massive Surge Predicted: Grey Market Signals 80% Listing Gain for Shree Balaji (Mala) Textiles Debut Shree Balaji (Mala) Textiles is set to make its market debut on the BSE SME platform today, attracting intense investor interest. The company's stock shares are currently reflecting a high level of anticipation in the grey market, with trends suggesting a substantial listing gain for the textile manufacturer.Grey Market Premium Points Towards High Listing Price The latest market sentiment indicates a Grey Market Premium (GMP) of Rs 56 per share. This premium signifies an impressive 80% increase over the IPO's upper price band of Rs 70, translating to an estimated listing price of around Rs 126 per share.It is essential for investors...

Acme Solar Secures INR 3,404.57 Crore Project Funding from PFC for 250 MW FDRE Project Acme Solar Holdings Limited has secured long-term project funding worth INR 3,404.57 crore for its ACME Urja One Pvt Ltd (Phase III) 250 MW Fuel Diverse Renewable Energy (FDRE) project. The funding was provided by Power Finance Corporation Limited (PFC), which will serve as the sole financer for the development and construction of the facility, with a repayment tenor set at 19 years.This financing milestone brings the total project funding raised by the company during the current fiscal year to Rs 6,051 crores. The Power Purchase Agreement (PPA) for the ACME Urja One project was signed with NHPC Limited for a period of 25 years, at a tariff rate of...

South Korean Shares Surge on Dip Buying Amid Tech Rebound and Global De-escalation Hopes South Korean equities managed a significant rebound on Wednesday, bouncing back from the massive losses recorded in the previous session. The market saw renewed bullish interest, driven by investors focusing keenly on the earnings performance of domestic chipmakers and major U.S. technology firms. This reversal comes after the benchmark index hit multi-month lows just two days prior.KOSPI Bounces Back as Tech Stocks Rally The Korean Composite Stock Price Index (KOSPI) climbed 89.95 points, translating to a 1.49% rise, closing at 6,113.61 as of 0052 GMT. The index saw gains up to 3.4% earlier in the trading session. This recovery contrasts sharply...

SpaceX Stock Plummets as Investors Dump Risk: Over $1 Trillion Wiped From Company Valuation SpaceX has seen a dramatic erosion of its market value, shedding over $1.2 trillion since the company’s record-setting debut on June 16. The stock slump signals growing investor apprehension toward high-risk technology firms and speculative ventures in the highly competitive AI ecosystem.The shares traded significantly down during Monday's session, falling by 5% to reach $107.80. This performance extends a sharp decline from the peak valuations achieved shortly after its initial public offering.Massive Market Cap Wipeout For SpaceX The current downturn represents one of the largest market capitalization collapses in recent memory. The company...

Oil Prices Surge as US Intercepts Iranian Attack, Driving Brent Crude to $88 amid Geopolitical Tensions Oil prices have mounted a significant rally after three straight days of losses, fueled by escalating tensions in the Middle East. The resurgence comes following reports that the U.S. military intercepted an Iranian "surprise attack" on its forces and responded with strikes against the Islamic Republic. Brent crude immediately jumped 5%, climbing to approximately $88 a barrel.The move revives deep concerns regarding potential disruptions to global energy supplies. This escalation has placed the Strait of Hormuz back at the center of intense investor scrutiny. Any disruption to oil flow could intensify inflationary pressures...

Gift Nifty Surges as Asian Markets Rebound; Indian Indices Anticipate Big Gap-Up Ahead of US Fed Decision Indian equity indices, Sensex and Nifty, are positioned for a sharp morning rally on Wednesday. The optimism surrounding the upcoming US Federal Reserve policy decision and crucial technology earnings has bolstered global risk sentiment. GIFT Nifty signals a strong gap-up start, reversing the predominantly flat trading seen in Indian equities on Tuesday.Market Outlook: Why A Gap Up Is Likely For Sensex and Nifty GIFT Nifty was observed at 24,230 around 8:15 am, registering a gain of 245 points or 1.02 percent. This indicates that the Nifty 50 is expected to open significantly above Tuesday's closing level of 23,985.35.On...

Manipal Health IPO Opens: Valuation Concerns Loom as Healthcare Giant Seeks Rs 9,275 Crore Raise Manipal Health Enterprises is set to debut in the public markets this week, offering investors a chance to gain exposure to India's burgeoning healthcare sector. The IPO offers a fresh issue of shares, backed by major institutional players like Temasek and Ranjan Pai. This maiden public offering aims to raise approximately Rs 9,275 crore, positioning the hospital chain as one of the country's largest healthcare providers.The issue is priced with a range set at Rs 560-590 per share. The retail investor participation is manageable, requiring a minimum investment of Rs 14,750 for a lot of 25 shares. Given the current market sentiments, the...

Biocon Receives Health Canada Approval for Yesintek® Autoinjector Pen Biocon Limited's subsidiary in Canada has secured Notice of Compliance (NOC) approval from Health Canada for Yesintek® (ustekinumab) Autoinjector Pen. This new approval provides Canadian patients with a critical treatment option, enhancing the availability of this specialized medication across various care settings.The approved forms include the Yesintek® Autoinjector Pen in two strengths: 45 mg/0.05 mL and 90 mg/mL. This development follows previous approvals granted by Health Canada in October 2025 for Yesintek®, which included the solution for subcutaneous injection (various forms) and Yesintek® I.V.The availability of the new autoinjector format offers...

Valor Estate Updates Project Status for Goa International Convention Centre Valor Estate Limited, formerly D B Realty Limited, has provided an update on its massive project development in Goa, confirming the deposit of a performance bank guarantee and the execution of the Concession Agreement. The venture involves developing an International Convention Centre, a Convention Hotel, and associated downstream facilities at Dona Paula, Goa.The project is being undertaken through Blue Crest Properties Private Limited, which serves as the Special Purpose Vehicle (SPV) and is a wholly owned subsidiary of Valor Estate Limited.As part of the project's progression, the SPV deposited a Performance Bank Guarantee amounting to ₹57,90,00,000 with...

Crude Prices Surge Over 2% as U.S. Inventories Shrink; Gold Edges Lower Ahead of Fed Decision Commodity markets displayed distinct movements on July 29, characterized by a robust recovery in crude oil prices. The sharp surge in oil was primarily driven by renewed data indicating tightening U.S. inventories. Conversely, gold prices traded cautiously as investors awaited the critical decision from the U.S. Federal Reserve.Oil Futures Spike Amid Declining Inventories Crude oil prices recovered significantly after earlier losses. Brent crude climbed $2.71 (3.2%) to reach $86.80 per barrel. Meanwhile, WTI crude gained $2.26 (3.4%) hitting $81.95 per barrel.These sharp gains followed industry data which revealed a decrease in U.S. crude...

Inox Wind Secures 200 MW Turnkey Order from NLC India Limited, Boosting Order Book Noida, July 29, 2026: Inox Wind Limited (IWL), a major provider of wind energy solutions in India, has secured a significant repeat order valued at approximately ₹1,600 crore. The contract involves the turnkey execution of a 200 MW project for NLC India Limited.The contract stipulates that Inox Wind will manage the end-to-end scope of the project. This comprehensive service includes the supply of wind turbine generators, full engineering, procurement and construction (EPC), as well as post-commissioning operations and maintenance services. The project is scheduled to be commissioned within 24 months of the Letter of Award (LoA).The new order...

CarTrade Tech and Spinny Partner to Transform Used Car Buying and Selling Landscape in India CarTrade Tech Limited, a leading digital marketplace company in India, has announced a strategic partnership with Spinny, a full-stack used-car platform. The collaboration is designed to fundamentally transform the consumer experience for buying and selling pre-owned vehicles across India.The alliance sees Spinny listing quality-assured used cars on CarWale and OLX India platforms. This integration aims to combine the vast user base and technological infrastructure of OLX India and CarWale with the operational expertise and data capabilities provided by Spinny. Consumers currently using CarWale or OLX India to sell their vehicles will benefit...

Urban Company Ltd Grants 56,66,350 Stock Options Under ESOP Scheme 2015 Urban Company Ltd announced the approval of a significant grant of stock options for its eligible employees. The company's Nomination and Remuneration Committee (NRC) approved a total grant of 56,66,350 stock options under the Employee Stock Option Scheme 2015 (ESOP Scheme 2015).The approval was made by the NRC on July 28, 2026. The ESOP Scheme 2015 covers the grant of these stock options to eligible employees and aligns with the requirements of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.Each stock option granted is convertible into one fully paid-up equity share having a face value of ₹ 1 each. The exercise price for the stock...

Midwest Energy Ltd Announces Multiple Board and Senior Management Changes Following Board Meeting Midwest Energy Ltd., formerly known as Midwest Gold Limited, has seen several significant changes in its board composition and senior management following a recent Board of Directors meeting. The decisions included multiple resignations from key directors, the appointment of two new additional directors, and a change in the Chief Financial Officer (CFO).The company confirmed the departure of four members from its directorate who resigned due to personal reasons and other professional commitments.Director NameDesignationEffective DateMr. Deepak KukretiWhole-time DirectorJuly 28, 2026Mr. Kothamasu Sri Surya PratapNon-Executive...

Digispice Technologies Schedules Board Meeting to Approve Q1 Financial Results; Trading Window Closed for Insiders Digispice Technologies Ltd. has scheduled a meeting of its Board of Directors to consider and approve the un-audited financial results for the quarter ending June 30, 2026. The board meeting is set for Wednesday, August 05, 2026.The primary agenda item for the board includes reviewing and ratifying the Standalone and Consolidated Financial Results for the fiscal period ending June 30, 2026. This meeting serves as a critical milestone in presenting the company's performance metrics for the first quarter.Separately, the company confirmed updates regarding its insider trading restrictions. The trading window for Designated...

Gold Edges Lower Amid Dollar Strength as Markets Brace for Crucial Fed Rate Decision Spot gold prices dipped on Wednesday as the U.S. dollar maintained support, setting the stage for market participants to await clarity from the Federal Reserve regarding inflation trends and the future trajectory of interest rates. The movement seen in precious metals comes against a backdrop of heightened geopolitical tension in the Middle East.Gold Prices React Ahead of Federal Reserve Policy Meeting Spot gold fell slightly, trading at $4,021.87 per ounce as of 0052 GMT. U.S. gold futures for August delivery also registered a decline, settling at $4,021.70. This slight correction is partly attributed to the dollar strengthening, which makes...

NIIT Learning Systems Ltd Approves Grant of Stock Options Under NLSL ESOP 2024 NIIT Learning Systems Limited, formerly MindChampion Learning Systems Limited, has approved a comprehensive grant of stock options to its eligible employees under the NLSL Employee Stock Option Plan 2024. The Nomination and Remuneration Committee sanctioned the plan on July 28, 2026.The approval covers a total of 1,488,667 stock options, which are convertible into an aggregate number of 1,488,667 equity shares of the Company upon exercise.The grants were issued under several distinct series within the NLSL ESOP 2024, varying based on grant size and vesting conditions, as detailed below:Stock Option Grant Details (NLSL ESOP 2024) Grants related to...

Voith Paper Fabrics India Ltd Announces Board Meeting to Review Q1 Unaudited Results Voith Paper Fabrics India Ltd has scheduled a meeting of its Board of Directors to consider the unaudited financial results for the first quarter ended on June 30, 2026. The board meeting is set to take place on Thursday, August 6, 2026.The primary agenda item for the meeting includes reviewing and recording the Unaudited Financial Results for the first quarter. Other matters will be addressed with the consent of the Chairperson and other Directors present.In addition to the board meeting announcement, the company has also specified the timeline for its trading window related to these results. The trading window was closed starting Wednesday, July...

Dr. Reddy's Reports Q1FY27 Results; Revenues Stand at ₹8,071 Crores Amid Operational Challenges Dr. Reddy's Laboratories Limited reported its financial results for the first quarter of FY27, with consolidated revenues reaching ₹8,071 crores (US$853 million). The company posted a decline of 5.6% year-on-year (YoY), while sequentially it recorded a growth of 7.4%.The financial performance reflected the impact of lower lenalidomide sales and the provision of ₹240 crores for inventory and related costs associated with recent semaglutide API challenges. Despite these headwinds, the underlying base business continued to demonstrate strong double-digit growth across key geographies, supported by new product launches and favorable currency...