Markets

Konstelec Engineers Secures Two Contracts Worth ₹12.96 Crore from Reliance Industries Limited Mumbai, July 28, 2026: Konstelec Engineers Limited, an integrated EPC company specializing in Electrical, Instrumentation, and Automation systems, has secured two significant work orders from Reliance Industries Limited (RIL). The contracts, which total ₹12.96 crore including GST, reinforce the company’s presence in critical electrical infrastructure and showcase its expertise across the energy, petrochemical, and advanced manufacturing sectors.The newly acquired projects involve large-scale electrical infrastructure works for Reliance's RG Expansion Project at Jamnagar, as well as Pre-Commissioning and Commissioning activities for the...

Rajputana Biodiesel Limited Secures LOI from BPCL for Supply of Biodiesel Worth Rs. 11.78 Crores Rajputana Biodiesel Limited has received a Letter of Intent (LOI) from Bharat Petroleum Corporation Limited (BPCL) for the supply of biodiesel. This contract covers a volume and value estimation totaling approximately Rs. 11.78 Crores, inclusive of GST.The LOI specifies that Rajputana Biodiesel Limited will supply 1271 KL of biodiesel at Jobner in Jaipur, Rajasthan, over the period spanning June 2026 to August 2026. The order is designated as a domestic contract awarded by BPCL, which is categorized as a Domestic Entity.The details of this specific business agreement are summarized below:DetailInformationAwarding EntityBharat...

RailTel Corp reports on sustainability and social performance; Highlights operational focus across digital infrastructure Railtel Corporation of India Limited (RCIL), a Navratna enterprise, has released its Business Responsibility and Sustainability Report (BRSR) for Fiscal Year 2025-26. The report provides a detailed snapshot of the company’s operations, stakeholder engagement, and environmental commitments as it continues to drive digital infrastructure projects across the country.The corporation's core business activities center around project execution, national long distance services, and Internet Service Provider (ISP) provision. For FY 2025-26, the company reported a paid-up capital of ₹320.94 Cr. The operations span Pan India...

R&B Denims Limited Grants Unsecured Loan of Rs 4 Crore to Shah Paper Mills Limited R&B Denims Limited has entered into a loan agreement with Shah Paper Mills Limited, providing financial assistance for the latter’s business activities. The transaction was formalized on July 28, 2026, involving an unsecured loan amounting to Rs 4,00,00,000/-.The Board of Directors approved the agreement, committing R&B Denims Limited as the lender and Shah Paper Mills Limited as the borrower for the financial support. This transaction is intended to assist Shah Paper Mills with its ongoing business operations.Details regarding the executed loan agreement are summarized below:ParticularsDetailsAgreement DateJuly 28, 2026LenderR & B Denims...

Independent Directors Committee Concludes Open Offer is Fair and Reasonable for Niraj Cement StructuralsNiraj Cement Structurals Limited has received confirmation regarding its open offer following the meeting of the Committee of Independent Directors. The committee concluded that the open offer put forth by Gulshankumar Vijaykumar Chopra is fair and reasonable.The Committee, which held a meeting on July 28, 2026, reviewed the details of the open offer concerning the target company. The offer has been made by the Acquirer to acquire up to 15,520,529 equity shares of Niraj Cement Structurals Limited.The transaction represents 26.00% of the fully paid-up and voting share capital. Under the open offer terms, the fully paid-up equity...

Magson Retail And Distribution Limited Allots 3,90,490 Equity Shares Against Warrants Conversion Magson Retail And Distribution Limited has approved the allotment of 3,90,490 Fully Paid-up Equity Shares following the exercise of Convertible Equity Warrants by select non-promoters. This allotment was finalized on July 28, 2026, upon receipt of the balance payment required from the warrant holders.The shares were allotted with a face value of ₹ 10/- each and an issue price of ₹ 93.25/- per share. The transaction involved the conversion of warrants held by non-promoter entities, as detailed in Table A.As recorded in the details provided for this allotment:CategoryTotal Warrants Allotted (to the converted parties)Equity Shares...

Forcas Studio Approves Employee Stock Option Plan 2026; Sets Dates for Annual General Meeting Forcas Studio Limited has approved its 'Forcas Studio Employee Stock Option Plan, 2026' (ESOP Scheme, 2026). The Board of Directors granted approval for the scheme, which is intended for eligible employees. Furthermore, the Board set key dates and logistics for the company’s Annual General Meeting (AGM) scheduled for September 23, 2026.The Employee Stock Option Plan, 2026, was approved by the Board based on recommendations from the Nomination and Remuneration Committee (NRC). The plan grants up to 2,00,000 employee stock options. These options are designed to be exercisable into equity shares of face value Rs 10/- each, fully paid-up, subject...

HDB Financial Services Limited Approves Appointment of Jimmy Tata as Non-Executive Director HDB Financial Services Limited has approved the proposal for the appointment of Mr. Jimmy Tata as a Non-Executive Director on its Board. The appointment is tied to his role as the Nominee Director of HDFC Bank Limited.The Company's Board of Directors considered and approved the nomination of Mr. Jimmy Tata (DIN:06888364) at a meeting held on July 28, 2026.Mr. Tata is proposed to serve as a Non-Executive Director for HDB Financial Services Limited until July 31, 2028. This appointment is contingent upon obtaining prior approval from the Reserve Bank of India (RBI) and satisfying all other applicable regulatory requirements.The Board further...

Konstelec Engineers Secures ₹ 12.96 Crore in New Work Orders from Reliance Industries LimitedKonstelec Engineers Limited has secured two notifications of award or work orders valued at ₹ 12.96 Crore, including GST, from Reliance Industries Limited. The contract acquisitions mark a significant expansion of the company's presence in the industrial sector.The contracts relate to engineering procurement and commissioning services. This business development solidifies Konstelec Engineers’ position as a trusted partner for large-scale industrial projects.The award of these two major orders by Reliance Industries Limited highlights the growing capabilities of Konstelec Engineers in handling complex EPC (Engineering Procurement...

Netweb Technologies Reports Record-Breaking Q1 FY27 Results; Revenue Jumps 172.13%, Profit Soars by 179.94% Delhi, NCR, July 28, 2026: Netweb Technologies India Limited, an OEM specializing in High-end Computing Solutions (HCS), announced its unaudited financial results for the first quarter of Financial Year 2026-27, concluding on June 30, 2026. The company reported a record-breaking quarter, achieving its highest-ever income and profit, driven by sustained demand and disciplined execution.The Board of Directors confirmed the unaudited results, reflecting significant growth across key operational metrics for the Indian technology sector. Netweb serves various end user industries including IT, ITES, BFSI, National Data Centres...

Netweb Technologies Announces 27th AGM Date, Dividend Details, and Key Event Timelines Netweb Technologies India Limited has announced key dates regarding its upcoming general meeting, detailing the final dividend for FY 2025-26, setting the record date for shareholder entitlement, and outlining the e-voting period.The company has scheduled the 27th Annual General Meeting (AGM) of its members to be held on Saturday, September 19, 2026. The meeting will take place via Video Conferencing or other Audio Visual Means. The annual report for the financial year will be circulated to all shareholders in due course.Dividend and Important Dates Netweb Technologies set August 7, 2026, as the Record Date for determining entitlement of members...

Sansera Engineering Settles Civil Suit with Metaldyne Powertrain Components Inc. for $2 Million On July 28, 2026, Sansera Engineering Limited completed a full and final settlement of a civil suit against Metaldyne Powertrain Components Inc., by paying an amount of USD 2,000,000. The payment discharged the Company's obligations under the Confidential Release and Settlement Agreement relating to the matter.The settlement involved proceedings pending before the United States District Court for the District of South Carolina, Charleston Division. Following the terms of the agreement, Sansera Engineering Limited made the payment to Metaldyne Powertrain Components Inc., concluding the litigation matter.The details of the transaction and...

Dynacons Systems Secures Rs 267.58 Crore Contract for Data Centre Augmentation with NPCI Dynacons Systems & Solutions Limited has secured a significant contract valued at Rs 267.58 crores from the National Payments Corporation of India (NPCI). The project involves comprehensive Data Centre Augmentation and deployment of enterprise server infrastructure at NPCI Data Centres.The domestic contract, which is set for a duration of seven years, encompasses the supply, installation, testing, and commissioning of the required server infrastructure. Beyond the initial setup, Dynacons will provide extensive maintenance and support services throughout the lifecycle of the project.The scope of work is detailed in the contract terms and includes...

RBI Forces Shutdown: Paytm Payments Bank Ordered to Be Wound Up, High Court Appoints Liquidator Regulatory Action and License Cancellation by RBI The Reserve Bank of India (RBI) has formally initiated proceedings concerning Paytm Payments Bank Limited (PPBL). The central bank cancelled the banking license issued to PPBL on April 24, 2026. This decision was made under Section 22(4) of the Banking Regulation Act, 1949 ('BR Act').Following the cancellation, the RBI exercised powers conferred under Sections 38 and 39 of the BR Act. The regulator subsequently applied before the Hon'ble High Court of Delhi to initiate the winding up of PPBL. A key part of this application included proposing the appointment of a Liquidator for the...

Ginni Filaments Approves Director Continuance and Re-appoints CFO for a Year The Board of Directors of Ginni Filaments Limited approved two key appointments during its meeting held on July 28, 2026. The approvals relate to the continuation of Shri Shishir Jaipuria as Managing Director beyond the age limit, and the re-appointment of Mr. Suresh Singhvi as Whole-Time Director designated as Director (Finance) & Chief Financial Officer (CFO).The Board resolution concerning Mr. Shishir Jaipuria includes a proposal for his continued tenure despite reaching 70 years of age. Shri Jaipuria was previously re-appointed as Managing Director for three years after the 42nd Annual General Meeting, which took place on September 26, 2025. Given that he...

Striders Impex Makes Strategic Investment in UAE Subsidiary for Working Capital and Growth Striders Impex Limited has made an additional investment of Rs. 25,00,000 into its wholly owned subsidiary, Striders Hub General Trading L.L.C., based in the United Arab Emirates (UAE). The investment, classified as Overseas Direct Investment, is intended to meet the working capital requirements of Striders Hub and support its ongoing business operations.The injection of funds is aligned with the strategic objectives outlined in the Initial Public Offering (IPO) documents for the company. This move aims to strengthen the financial position of Striders Hub and bolster its plans for business growth.Striders Hub General Trading L.L.C., which is a...

Konstelec Engineers Secures Multiple Work Orders from Reliance Industries, Valued at ₹12.96 Crore Konstelec Engineers Limited has secured two notifications of award or work orders from Reliance Industries Limited, bringing the aggregated value of the contracts to ₹12.96 crore, including GST. These projects span various crucial infrastructure and plant commissioning activities for Reliance.The company received the Notification of Award (NOA) confirming the contracts with Reliance Industries Limited. The two awarded projects are dedicated to different expansions within the Reliance ecosystem.One significant project involves the supply, installation, testing, and commissioning (SITC) of electrical works for MRS, Auxiliary/Distribution...

IndianOil Invests Over ₹43,000 Crore in Paradip Refinery to Boost National Energy and Petrochemical Hub Indian Oil Corporation Limited has committed substantial investment towards enhancing its strategic significance and integrated capacity at the Paradip Refinery. The investments span various units including state-of-the-art refinery upgrades, a Polypropylene Plant, and a Mono Ethylene Glycol (MEG) Plant, aiming to transform Paradip into a leading energy and petrochemical hub for India.IndianOil has made a cumulative investment of approximately ₹43,359 crore at the facility. This expenditure covers key infrastructure projects that are vital to supporting industrial growth in the region.The details of the current and planned...

UFO Moviez India Reports Q1 FY27 Financial Results with Consolidated Net Profit of 564 in Lakhs UFO Moviez India Limited has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were reviewed by M/s B S R & Co. LLP, Statutory Auditors of the Company.The Board of Directors of UFO Moviez India Limited considered and approved these financial results during its meeting held on July 28, 2026.Financial Performance Highlights The company reported specific operational metrics for the quarter ending June 30, 2026. The consolidated financial performance showed Total Income from Operations at 11,182 in Lakhs, down from 13,419 in the corresponding quarter of the previous year...

Tata Capital Posts Strong Q1FY27 Results; Expands Retail Lending by Acquiring Yogloans Tata Capital Limited has reported robust consolidated financial results for the quarter ended June 30, 2026, highlighted by strong growth in Assets Under Management (AUM) and Profit After Tax (PAT). The company also announced a significant strategic move to diversify its retail lending portfolio through the acquisition of Yogloans, marking entry into the gold loan business.The results demonstrate healthy business momentum across Tata Capital's core franchises. Including Motor Finance, AUM grew by 22% year-on-year (YoY) to ₹ 2,90,502 crore. Furthermore, PAT rose sharply by 56% YoY, reaching ₹ 1,547 crore.Commenting on the performance, Rajiv...