Markets

Swiggy, Eternal Stocks Surge as Zepto IPO Valuation Cut Signals End of Cash-Burning War Shares of quick commerce rivals Swiggy and Eternal have seen significant rallies following reports that Zerpto is revising its post-money IPO valuation. The shift in expectations suggests the aggressive price wars dominating the market may be entering a more disciplined phase, benefiting established listed players.Market participants reacted positively to the news, as investors anticipate reduced spending on discounts and customer acquisition by Zepto. This realization has buoyed stock prices, with Swiggy shares rising nearly 4% at Rs 268 by around 1 pm on July 28. Eternal also gained 3%, trading at Rs 305.The Reset: Deconstructing Zepto’s IPO...

Indian Toners & Developers Ltd Commences Commercial Trading of Writing Instruments and Stationery Products Indian Toners & Developers Ltd., a government-recognized Export House, has commenced the commercial trading of writing instruments and stationery products as part of its business expansion strategy. The company confirmed that this initiative aligns with its Memorandum of Association and forms a key component of its diversification strategy.The move involves entering into arrangements with overseas manufacturers and suppliers to import and market premium writing instruments and various allied stationery items in India. These imported products will be handled through the Company's newly established distribution network, which will...

Kothari Industrial Corporation Ltd Acquires 51% Stake in New Design Venture Kothari Industrial Corporation Limited has established a strategic joint venture through the incorporation of a new entity, KOTHARL INDUSTRIAL IUAD DESIGN PRIVATE LIMITED. The company acquired a controlling stake in the subsidiary, which focuses on world-class design education and skill development.The newly incorporated entity, established under the Companies Act, 2013, is designed to function as the campus in India of Accademia IUAD from Italy. This venture aims to provide internationally recognized research and skill development across various creative disciplines. These fields include Footwear Design, Textile Design, Fashion Design, Jewellery Design...

Kratikal Tech Ltd. Wholly Owned US Subsidiary Secures First Order from Financial Institution Kratikal Tech Limited has reported a significant business development as its wholly owned subsidiary in the United States secured an order from a financial institution customer. The transaction marks the first engagement with a financial sector client for the entity.The order, received by Threatcop AI Inc., the US-based subsidiary of Kratikal Tech Ltd., pertains to specific SaaS products. This milestone achievement highlights the company's market presence and growing appeal in key sectors.The contract includes both TSAT (SaaS) - DIY License and TLMS (SaaS) - DIY Premium Content, valued at USD 22,267.51 (approximately 21,27,910/-).Key...

Anjali Byce Appointed as Group Chief Human Resource Officer at Suzlon Energy Limited Suzlon Energy Limited has announced a change in its Senior Management Personnel, appointing Ms. Anjali Byce as the new Group Chief Human Resource Officer. The appointment is effective from July 29, 2026, following the cessation of Mr. Rajendra Mehta from his role.Ms. Anjali Byce joins Suzlon Energy Limited with approximately 27 years of experience across various sectors including manufacturing, automotive, industrial, engineering, technology, and financial services. She holds a Master's degree in Applied Psychology from Delhi University and a Post Graduate Diploma with a major in Human Resources from the Symbiosis Centre for Management and Human...

Radico Khaitan Announces Financial Results for Quarter Ended June 30, 2026 Radico Khaitan Limited released its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026, following approval by its Board of Directors on July 28, 2026. The results reflect the performance across the company's various subsidiaries and joint ventures as part of its operations in Alcohol and Alcoholic Beverages.The Unaudited Standalone Financial Results showed Total Income stand at 5,87,306.31 Lakhs, against Total Expenses of 5,57,167.02 Lakhs for the quarter. This resulted in a Net Profit for the period of 22,600.94 Lakhs and a Basic Earning Per Share (EPS) of 16.88. The company reported Total Comprehensive Income at...

Pfizer Limited Reports Financial Results for Quarter Ended June 30, 2026 Pfizer Limited has released its unaudited financial results for the quarter ended June 30, 2026, detailing the company's performance across various periods. The results, which have been reviewed by statutory auditors B S R & Co. LLP, provide insight into income, expenses, and profitability for the period compared to previous quarters and full-year figures.The financial statements are presented in crore and show a diversified operational picture, with key metrics like revenue from operations and net profit being clearly detailed across the specified periods.Financial Performance Overview (Amounts in Crore) The following table presents the unaudited results for...

Navneet Education Limited Announces Q1 FY27 Results: Strong Performance Reported Across Segments Navneet Education Limited (NEL) has released its unaudited financial results for the quarter ended June 30, 2026, detailing performance across both standalone and consolidated entities. The results showcase the company's operational status in the education sector.Standalone Financial Highlights The Statement of Unaudited Standalone Financial Results shows key figures for the quarter ended June 30, 2026. Total Income stood at INR 785 crores, down from 792 crores reported in the corresponding quarter of 2025, but higher than the interim figure of 394 crores recorded for March 2026.The company registered a Profit before exceptional items...

Anti-Dumping Fury: Rivals Unleash Potential $10 Billion Lawsuits Against Google Following Massive EU Fines A decade-long scrutiny of its practices by European regulators has escalated into a costly new phase for Google. The company, having absorbed billions in fines since 2017, is now facing a wave of private lawsuits from rivals across various European countries. These suits demand damages that could amount to as much as $10 billion.The escalation was precipitated by the loss of the first case brought under the Digital Markets Act (DMA). Google received a $1 billion fine for favouring its own services, specifically regarding preventing app developers from using cheaper options outside of the Google Play store. Litigation financiers...

Sakar Healthcare Reports Q1 FY27 Results: Revenue Rises 38% as Oncology Focus Drives Profitability Sakar Healthcare Limited has released its un-audited financial results for the first quarter of FY27, reporting significant growth in revenue and profitability driven by its expanding oncology portfolio and commitment to vertical integration. The company saw a marked increase in operating margins and is solidifying its transition toward an integrated, regulatory-driven business model.Financial Highlights (Q1 FY27) The financial performance for the quarter reflected strong execution across various segments. Revenue from operations reached ₹ 7,297.25 lakhs, marking a 38% year-on-year (YoY) growth. EBITDA increased by 67% YoY to ₹ 2,124.89...

Suzlon Posts Strong Q1 FY27 Results, Pushing Revenue Up 23% and Reaching Highest Ever Deliveries Pune, India — Suzlon Energy Limited reported robust consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27), announcing a 23% year-on-year increase in revenue. The company also highlighted achieving its highest ever Q1 deliveries milestone.The Board of Directors approved the unaudited limited reviewed financial results on standalone and consolidated basis for the quarter ended June 30, 2026. Management introduced the "Suzlon 2.0" strategy, focusing on four strategic growth engines: RE Technology, RE Development Company (DevCo), RE Projects, and RE Asset Management Services (AMS).Financial Performance Highlights...

LIC Appoints Key Management Personnel: Varadarajan Muthuvenkataraman as Chief Risk Officer and Shatmanyu Shrivastava as CFO The Board of Directors of the Life Insurance Corporation of India (LIC) approved significant changes in its Key Managerial Personnel (KMP) on July 28, 2026. The appointments, made based on recommendations from the Nomination & Remuneration Committee, include Shri Varadarajan Muthuvenkataraman as Executive Director (Enterprise Risk Management) & Chief Risk Officer and Shri Shatmanyu Shrivastava as Executive Director (Finance & Accounts) & Chief Financial Officer.The leadership changes involve both internal re-designations and new appointments for critical executive roles within the Corporation. The appointed...

Himatsingka Seide Limited Allots Rs 12.75 Crore in Private Placement of Tranche 2 Series E Non-Convertible Debentures Himatsingka Seide Limited announced the successful allotment of Tranche 2 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures (NCDs). The allotment took place on July 28, 2026.The company allotted a total of 255 Tranche 2 Series E Debentures, each having a face value of Rs 5,00,000/-. This issuance aggregated to Rs 12,75,00,000/-, which was raised through a private placement basis.The NCDs are denominated in Indian Rupees and feature several key protective features, including being senior, secured, unrated, and taxable. The tenure of the instrument is set at 42...

IndiGo Achieves Operational Milestones While Reporting Significant Green Emission Intensity Reduction IndiGo Aviation Limited, a prominent player in the aviation sector, has reported substantial growth alongside major strides in sustainability and operational efficiency for the financial year 2025-26. The airline expanded its fleet capacity, introduced next-generation aircraft, and significantly enhanced its commitment to decarbonization, achieving an 18.9% reduction in GHG emission intensity per Available Seat Kilometer (ASK).The report details that IndiGo’s fleet grew to 441 aircraft during the reporting period. In a key move for international expansion, the airline became one of the first Indian carriers to induct the Airbus...

Century Enka Reports Q1 FY27 Results; Consolidated Revenue Reaches 56,278 Lacs Century Enka Limited released its unaudited financial results for the quarter ended June 30, 2026. The results detail performance across both standalone and consolidated segments, with the company stating that these figures were reviewed and approved by the Board of Directors at a meeting held on July 28, 2026.The Statement highlights the company’s business activity within a single operating segment: "Synthetic Yarn."Financial Performance Snapshot (Consolidated) The consolidated results for the three months ended June 30, 2026, show the following key financial movements:ParticularsThree Months Ended 30-Jun-26Three Months Ended 31-Mar-26Three Months...

Indian Railways Boosts Capacity: ₹163 Cr Traction Upgrade Signals Major Leap for High-Density Corridors Indian Railways has sanctioned a significant infrastructure investment aimed at strengthening network capacity and modernizing operational efficiency across key rail corridors. The project involves upgrading the electric traction system on the Parbhani-Mudkhed double line section within the Nanded Division of South Central Railway. This critical upgrade, valued at Rs. 163 crore, includes necessary associated power supply installation works.Transforming Rail Infrastructure in South Central Railway The modernization effort focuses on transforming the existing electrical infrastructure to handle increasing operational demands. The...

SEBI Suspend Risk Easing for Commodity Derivatives as Global Instability Forces Full Review Markets regulator Securities and Exchange Board of India (SEBI) has placed a key risk management reform concerning commodity derivatives on hold. Although the public consultation on the proposal was completed, sources indicate that SEBI decided to keep the plan in abeyance temporarily. This decision follows an overall review mandate for the risk management framework within the volatile commodity segment.SEBI issued a note to exchanges and clearing corporations stating that the proposal is paused. The regulator cited heightened uncertainty across global commodity markets as a primary reason for the deferral of the change. This caution comes amid...

Deep Industries Limited Releases Q1 FY27 Financial Results Announces Key Appointments and ESOP Scheme Deep Industries Limited (DIL) has released its unaudited financial results for the quarter ended June 30, 2026, alongside updates regarding executive appointments, a new employee stock option scheme, and leadership changes within the company. The Board of Directors approved these matters during a meeting held on July 28, 2026.The company also set August 21, 2026, as the Record Date for determining eligibility for the Final Dividend pertaining to the Financial Year 2025-26.Quarterly Financial Performance Review DIL provided both standalone and consolidated unaudited financial results for the quarter ending June 30, 2026. The...

ESGRisk.ai Assigns ESG Rating of 86 to Tech Mahindra Limited ESG Risk Assessments and Insights Limited (ESGRisk.ai), a SEBI registered Category I Subscriber-Pays rating provider, has assigned an ESG rating of 86 to Tech Mahindra Limited. The rating was independently prepared and voluntarily issued by ESGRisk.ai based on the company's disclosures for fiscal 2026 and other publicly available data.The assignment comes after the communication from ESGRisk.ai was received by Tech Mahindra Limited on Monday, July 27, 2026, at 6:28 p.m. (IST). A key aspect of this rating is that Tech Mahindra has not engaged ESGRisk.ai for the ESG Rating process; rather, the assessment was conducted independently by the specialized firm.The findings and...

Silky Overseas Limited Secures Board Approval for ₹1.32 Crore Term Loan to Finance Solar Projects Silky Overseas Limited has received board approval to avail a significant Term Loan Facility from the Bank of Baroda SME Branch in New Delhi. The loan is designated for financing solar projects and amounts to ₹1,32,00,000 (Rupees One Crore and Thirty-Two Lakh Only).The decision was taken during the Board of Directors meeting held on July 28, 2026. Following the approval by the company's board, Silky Overseas Limited is set to finalize the terms and conditions of the facility with Bank of Baroda.In addition to approving the loan, the Board granted specific authorization regarding the necessary financial obligations. Directors Mr. Sawar...