Markets

Gold Prices Dip Across Metros as Jewellers Adjust Retail Rates Gold rates across leading jewellery brands showed movement today, Tuesday, July 28, 2026. Consumers looking to purchase gold must note that prices exhibit slight variations between different jewellers and are subject to local taxes and specific charges in various cities. This daily review provides a detailed look into the current retail prices for key purities across major markets including Delhi, Mumbai, Hyderabad, Chennai, Kolkata, and Bengaluru.Daily Trend and Price Fluctuation in Gold Jewellery Gold prices experienced notable fluctuations today at multiple premier jewellers. While some brands showed marginal increases compared to yesterday's rates, others registered...

Acquirers Launch Reverse Book Building Offer for Nitin Castings Ltd's Voluntary Delisting from BSE The promoters of Nitin Castings Limited (NCL) have initiated a voluntary delisting offer for the company's equity shares, inviting public shareholders to tender their stakes through a reverse book building process. The offer is set by Acquirer-1, Mr. Nirmal B Kedia; Acquirer-2, Mr. Nitin S Kedia; and M/s. Citrus Castings Private Limited (Acquirer-3), who collectively represent the Promoters’ Group of NCL.The delisting process aims to achieve complete ownership for the Acquirers while providing public shareholders an opportunity to exit at a predetermined price determined by regulatory standards, thereby eliminating ongoing listing...

Z-Tech Secures Contract from Lucknow Development Authority for Gomti Riverfront Theme Park Project Z-Tech (India) Limited has secured a contract from the Lucknow Development Authority (LDA) in Uttar Pradesh to undertake the design, construction, and operation of a themed park at the Gomti Riverfront in Lucknow. The project is set to be executed under a Fixed Fee Model, covering both Operations and Maintenance (O&M) for a period spanning 20 years.The total estimated capital cost for the project is Rs. 12.00 Crores, excluding GST. As per the approved Capital Expenditure structure, 50% of the project costs will be funded by Gomti Riverfront, Lucknow, while Z-Tech (India) Limited will fund the remaining 50%.Park Vision and Features The...

Lohia Corp IPO Set for Listing; Track Allocation Status After 7X Subscription Surge Lohia Corp, a rising player in the industrial machinery space, is expected to finalize the basis of allotment for its Rs 1,101.28-crore Initial Public Offering (IPO) today, July 28. The IPO concluded after a three-day public bidding process that saw healthy demand across all investor categories.The company's offering was subscribed at 7.25 times on the NSE, signaling strong institutional and retail interest. Qualified Institutional Buyers (QIBs) led the demand impressively, booking a subscription of 9.11 times. Non-Institutional Investors (NIIs) followed closely with a segment subscription rate of 6.82 times. Retail Individual Investors (RIIs)...

Paramount Cosmetics Announces Q1 Results Approval Board Meeting and Insider Trading Window Closure Paramount Cosmetics India Ltd has announced details regarding a meeting of its Board of Directors, scheduled to consider and approve the Unaudited Financial Results for the first quarter ended June 30, 2026.The Board meeting is set for Wednesday, August 12, 2026, at 3:30 P.M. (IST). The meeting will be held at the company's corporate office located in Bangalore and through Video Conferencing (VC).In addition to the board deliberation on the quarterly results, the company confirmed restrictions regarding the trading window for insiders.As per a previous communication, the trading window for equity shares of Paramount Cosmetics is...

Larsen & Toubro Announces Senior Management Change as IC Head Resigns Larsen & Toubro Ltd has announced that Mr. V. Sukumar Hebbar has resigned from his position as Senior Vice President and IC Head for Transportation Infrastructure IC. The change in senior management status comes effective from July 27, 2026, following the close of business hours.Mr. Hebbar's departure means he has ceased to be a Senior Management Personnel of the Company as of that date.The details regarding the resignation are provided below:DetailStatus/InformationNameMr. V. Sukumar HebbarDesignationSenior Vice President & IC Head - Transportation Infrastructure ICReason for ChangeResignationEffective DateJuly 27, 2026LT Stock Price Movement...

Insilco Ltd Reports Q2 Results, Announces New Directorship and Chairman Appointment Amid Voluntary Liquidation Process Insilco Ltd announced several key outcomes from its Board of Directors meeting held on July 28, 2026. The board approved the Un-Audited Financial Results and a Limited Review Report for the quarter/three months ended June 30, 2026. Furthermore, the company reported updates regarding its ongoing voluntary liquidation process and leadership appointments.Board Meeting Decisions and Appointments During the meeting held on July 28, 2026, the Board of Directors considered and approved the Un-Audited Financial Results for the quarter ended June 30, 2026, along with a Limited Review Report. These results are available on the...

Krebs Biochemicals Announces Board Meeting to Adopt Q1 Unaudited Financial ResultsKrebs Biochemicals & Industries Limited has scheduled its Board of Directors meeting to review and adopt the unaudited financial results for the first quarter ended June 30, 2026. The board meeting is set to take place on Thursday, August 6, 2026.The meeting is intended to cover among other matters the considerations and adoption of the company's Q1 results.In addition to the Board meeting announcement, the company reiterated the status regarding the trading window for its securities by insiders. As communicated previously, the insider trading window remains closed from the closure of business hours on June 30, 2026. The restriction will remain in...

Aarti Pharmalabs Ltd Board Meeting Scheduled to Approve Quarter Results and Auditor ReportsAarti Pharmalabs Limited has scheduled a meeting of its Board of Directors to review and approve the financial performance for the quarter ended June 30, 2026.The board meeting is set to take place on Friday, August 07, 2026. During this meeting, the company intends to consider and approve the Unaudited Financial Results, covering both standalone and consolidated figures, for the specified quarter. The agenda also includes the Limited Review Reports issued by the Auditors for the corresponding period.In relation to insider trading protocols, the company announced the status of its trading window for securities transactions. The trading...

Lloyds Subsidiary Enters Agreement with Flyfocus for Manufacturing and Joint R&D in India Lloyds Advanced Defence Systems Limited (LADS), a subsidiary of Lloyds Engineering Works Limited, has signed an agreement with Flyfocus SP. Z.O.O., a company specializing in Unmanned Aerial Systems (UAS) design and development. The partnership, established on July 28, 2026, aims to expand the reach of specialized aerospace technology in the domestic market.The Memorandum of Understanding details two primary objectives for the collaboration: licensed manufacturing, marketing, and supply of Flyfocus's products within India, as well as joint Research and Development of new Products between the parties.Key details regarding the agreement include...

Simplex Realty Ltd Announces Board Meeting to Approve Q2 Financial Results Simplex Realty Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The company announced that the Board meeting will be held on Wednesday, August 5, 2026, with the purpose of considering and approving these quarterly financial results.In addition to the board meeting announcement, Simplex Realty Ltd provided an update regarding its adherence to the Prohibition of Insider Trading Code. The trading window for dealing in the company's shares has been closed since July 1, 2026. This restricted period will conclude after 48 hours following the...

Transrail Lighting Limited Approves ESOP 2023, Grants Stock Options to Employees Transrail Lighting Limited has approved a grant of Employee Stock Options under its Transrail Lighting Limited Employee Stock Option Plan - 2023 (ESOP 2023). The decision was made by the Nomination and Remuneration Committee (NRC) during a meeting held on July 28, 2026.The plan includes granting 1,89,000 Stock Options to eligible employees of the company. Additionally, the committee reserved 62,900 Stock Options for future employees joining Transrail Lighting Limited.The grant aligns with ESOP 2023 and relates to the company's commitment under share-based employee benefits regulations.Details of Stock Option Grant The stock options granted under the...

Services Activity Plummets to Four-Year Low as Cost Pressures Mount, Challenging India's Growth Narrative The momentum of India’s services sector has seen a significant deceleration in July 2026. While the economy did not stall completely, the sharp reversal raises critical questions about underlying spending habits among households and businesses.The HSBC Flash India Services Business Activity Index fell to 53.1 from 57.4 in June. This reading marks its weakest point since February 2022. The combined Composite PMI, which encompasses both manufacturing and services, dipped to 54.3. This figure represents the slowest private sector expansion witnessed in more than four years.Interpreting the Services Slowdown A PMI reading above 50...

Indian Terrain Fashions Ltd to Hold Board Meeting to Approve Quarterly Results Indian Terrain Fashions Ltd has scheduled a Board meeting to review and approve the un-audited financial results for the quarter ending June 30, 2026.The company's Board of Directors meeting is set for Saturday, August 1, 2026. The agenda items include considering and approving the unaudited financial results as per Ind AS for the specified quarter, along with any other business matters.In a separate operational update regarding trading regulations, Indian Terrain Fashions Ltd has announced that the Trading Window for Designated Persons and their immediate relatives will remain closed until August 3, 2026. This closure is scheduled following 48 hours...

Marine Electricals Wins Major Contract Worth Rs 141.74 Crores for Power Distribution System Marine Electricals (India) Limited has secured a substantial order totaling Rs 141.74 crores (excluding taxes). The contract is with Princeton Digital Group (India) Management Private Limited, as announced by the company.The orders pertain to the supply, installation, testing, and commissioning of a power distribution system. Marine Electricals expects to complete the delivery of these goods over a period spanning 10 months.The order from the client was confirmed with the understanding that it does not fall under related party transactions. The company stated that none of the Promoters or Promoter Group have any interest in this particular...

Vijaya Diagnostic Centre Schedules Board Meeting to Review Q1 Un-audited Financial ResultsVijaya Diagnostic Centre Ltd has announced that a meeting of its Board of Directors is scheduled for Thursday, August 06, 2026. The primary purpose of this meeting will be to consider and approve the standalone and consolidated un-audited financial results of the company for the first quarter ended June 30, 2026. The board meeting agenda also includes other corporate matters.The company also provided an update regarding the trading window for its securities. As previously communicated by the management team, the trading window for designated persons and their immediate relatives was closed starting July 01, 2026. This restriction is scheduled...

Highway Infrastructure Ltd Receives IVR BBB+/Stable Credit Rating from Infomerics Highway Infrastructure Limited (HIL), an integrated infrastructure development and management company, announced that it has received a credit rating from Infomerics Valuation and Rating Limited. The rating assigns a Long-Term Rating of IVR BBB+/Stable and a Short-Term Rating of IVR A2 for the company's bank loan facilities, which aggregate Rs. 200.88 crore.The ratings underscore HIL's status as a growing infrastructure platform, noting the company's strong order book and sound capital structure. The Stable Outlook further indicates visibility regarding the company's growth over the medium term, driven by ongoing project execution capabilities and its...

TCS, Infosys Rally Up to 10% as AI Trade Pauses amid Global Chip Sell-off Shares of Indian IT majors surged on Tuesday, finding a reprieve after global concerns surrounding the hyper-focus and intense spending in the artificial intelligence (AI) sector. Investors rallied towards companies like Infosys, TCS, and HCL Tech after witnessing a sharp sell-off across AI-linked stocks internationally.Nvidia, Micron, and SanDisk plunged up to 11% overnight in US trade. Furthermore, South Korean market saw significant declines as AI-focused giants SK Hynix and Samsung fell up to 10%. This global volatility provided a tactical opportunity for Indian IT companies.Surge in Indian IT Stocks Amid AI Concerns The resurgence was led by major players...

KOSPI Plunges 10.73% as Global Selloff Deepens Amid AI Valuation Fears and China Competition Surge The South Korean stock market faced severe turmoil on Tuesday as the benchmark KOSPI index crashed, driven by a global selloff in chipmakers. The technology-heavyweights of the Korean market bore the brunt of the rout, triggering a temporary trading halt before the index recovered some losses later in the session amidst value buying at lower levels.Deepening Semiconductor Selloff Amid AI Valuation Concerns The massive downturn was significantly fueled by heightened concerns regarding the sustainability of the current artificial intelligence (AI) spending boom. A wave of selling intensified across the semiconductor sector as investors...

Om Infra Surges 5 Percent After Securing ₹569 Crore Chhattisgarh Irrigation Project Contract In a significant display of business momentum, Om Infra saw its share price jump by over 5 percent in early trade on July 28th. This surge comes after the company was declared the Lowest Bidder (L1) for a major irrigation project worth nearly ₹570 crore in Chhattisgarh. The contract win underscores the growing order book and execution capability of Om Infra in the infrastructure sector.The stock traded at Rs 91.40 as of 10:04 am on the BSE, marking an increase of Rs 4.40 or 5.06 percent. This positive market reaction follows recent contract awards that bolster the company's financial stability and future pipeline.Major Contract Win in...