Markets

Meghna Infracon Infrastructure Delivers Riviera Redevelopment Project in 16 Months, Marking Timely Execution MilestoneMumbai-based Meghna Infracon Infrastructure Limited has achieved a significant operational milestone by securing the Occupation Certificate (OC) for Riviera, its premium redevelopment project in Goregaon West. The company completed the project within just 16 months of receiving the First Commencement Certificate (CC), successfully commencing the process of handing over homes to residents.The completion of Riviera underscores Meghna Infracon Infrastructure Limited's commitment to efficient execution and timely delivery within Mumbai's competitive redevelopment sector. The project, spread across approximately 40,000...

Samsung, SK Hynix Plunge as AI Chip Boom Reassessment Triggers Selloff Amid China Concerns South Korean semiconductor stocks faced a sharp downturn on Tuesday as investors began scaling back their aggressive bets on the ongoing artificial intelligence chip boom. Major industry players, including Samsung Electronics and SK Hynix, witnessed significant declines in their share prices (Reuters). The selloff reflects growing investor concerns regarding the sustainability of current AI infrastructure spending and intensifying competition from China.Semiconductor Stocks Tumble Amid Investor Reassessment The technology sector saw broad-based pressure across the board. Samsung Electronics shares fell by as much as 9.5%, while SK Hynix dropped...

Rupee Surges Above ₹96 Mark as RBI Intervention and Global Oil Price Plunge Ignite Rally Indian Rupee Strengthens Amid Softening Crude Oil Prices The Indian rupee opened substantially stronger on Monday, gaining about 70 paise and trading at 95.76 per dollar against the previous level of Rs 95.91. This movement represents a notable improvement for the local currency in six weeks. Traders attribute this significant appreciation to a confluence of factors involving global commodity trends and likely intervention by the Reserve Bank of India (RBI).The rupee managing to breach the Rs 96 per dollar threshold is viewed positively by market participants, suggesting a stabilization effort. This move comes even as global oil prices are cooling...

Ddev Plastiks Industries Independent Director Resigns Due to Professional Commitments Ddev Plastiks Industries Limited has announced the resignation of Mrs. Ramya Hariharan from the position of Independent Director. The resignation, effective immediately as of July 27, 2026, was tendered due to professional preoccupations.Consequent to her cessation as an Independent Director, Mrs. Ramya Hariharan will also step down from her membership in both the Audit Committee and the Nomination and Remuneration Committee of Ddev Plastiks Industries Ltd.Mrs. Ramya Hariharan confirmed that she has no material reasons for her resignation other than those specified in her resignation letter.The disclosure details provide insight into Mrs...

EPL Ltd Issues Commercial Papers of Rs 60 Crore EPL Limited announced that it has issued and allotted Commercial Papers amounting to Rs 60 Crore. The allotment was made on July 27, 2026.The Company is currently in the process of listing these Commercial Papers with the National Stock Exchange of India Limited.The details regarding this issuance are provided below:ISINDescription of the SecuritySize of the IssueNo. of UnitsDate of the Issue and allotmentDate of MaturityFace Value (Per Unit)Discount RateYield RateINE255A14759Commercial PapersRs. 60 Crore1200July 27, 2026November 23, 2026Rs. 5,00,000/-7.37% p.a.7.55% p.a.The Company further clarified that while the intimation was submitted regarding this allotment, the said...

Lords Mark Clarifies Trading Restriction Status amid IBC Surveillance Framework Lord's Mark Industries Ltd has issued clarifications regarding the trading status of its equity shares, which are currently classified by BSE Limited under a specific surveillance framework related to the recommencement of trading post-Insolvency and Bankruptcy Code (IBC) process.The company addressed observations from the stock exchange concerning its scrip, identified by Scrip Code 501261 (LORDSMARK), noting that the equity shares are displayed under the category "Trading Restricted - On account of IRP as per IBC/ Recommencement post IBC - IRP Stage-1."Lord's Mark stated that this categorization is part of a surveillance framework implemented by BSE...

Kalpataru Ltd Announces Board Meeting to Approve Q1 Financial Results; Trading Window Closure Details Provided Kalpataru Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ending June 30, 2026. The board meeting is set for Monday, August 03, 2026.The company also provided an update regarding the trading window concerning its securities. As previously communicated, the trading window closed starting Wednesday, July 01, 2026. The trading restriction will remain in effect until a period of up to 48 hours following the declaration of the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30...

Kirloskar Ferrous Industries Ltd to Hold Board Meeting to Review June Quarter Financial ResultsKirloskar Ferrous Industries Ltd has scheduled a Board meeting to review and approve the unaudited financial results for the quarter ended 30 June 2026. The company intends to use the gathering to consider, among other items, the standalone and consolidated financial outcomes.The board meeting is slated for Wednesday, 5 August 2026, providing stakeholders an outlook on the company's performance during the first quarter of the fiscal year.This meeting aims to formally approve the detailed financials pertaining to the period ending June 30, 2026.Key Details:AspectDetailCompany NameKirloskar Ferrous Industries LtdMeeting...

Mindspace Business Parks REIT Shareholders Approve Financials and Appoint New Auditors and Valuer Mindspace Business Parks REIT saw its resolutions passed by unitholders during the 6th Annual Meeting (AM) held on July 24, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means, included decisions regarding the adoption of audited financial statements, approval of the portfolio valuation report, and the appointment of new statutory auditors and a valuer.The Unitholder Annual Meeting for Mindspace REIT was held on Friday, July 24, 2026, at which Chandrasekaran Associates, Practicing Company Secretaries, served as the Scrutinizer to oversee the remote e-voting and e-voting process. The meeting's primary purpose...

Shyam Metalics and Energy Commissions 8.90 MWp Solar Power Project in Jamuria, Expanding Renewable PortfolioKolkata: Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metalics and Energy Limited, has successfully commissioned an 8.90 MWp Solar Power Project at its manufacturing facility in Jamuria, West Bengal. This milestone represents a significant stride in the group's commitment to transitioning toward greener energy sources and reducing its environmental footprint across operational facilities.The commissioning enhances the company’s renewable energy portfolio by combining both capital expenditure (CAPEX) and operating expenditure (OPEX) models for power generation. The primary objective of the project is captive...

BikeWo Signs MoU to Acquire 51% Stake in Ignitium Services, Boosting Mobility Platform's Energy Capabilities BikeWo Green Tech Limited has signed a Memorandum of Understanding (MoU) to acquire a 51% equity stake in Ignitium Services Private Limited. Ignitium is an energy solutions company specializing in fuel delivery and energy management services for industrial customers. The proposed transaction represents a strategic move aimed at strengthening BikeWo's capabilities across its integrated mobility platform.The acquisition targets the expansion of BikeWo into the crucial energy layer that powers commercial transportation and industrial operations. Ignitium currently serves industrial clients through its established business in fuel...

Tilaknagar Industries Announces Key Appointments and Releases Quarterly Financial Results for June 30, 2026 Tilaknagar Industries Limited has announced several key corporate developments following its Board meeting held on July 27, 2026. The company approved the unaudited financial results (Consolidated and Standalone) for the quarter ended June 30, 2026, and appointed Ms. Bhumika Batra as an Additional Independent Director (AID).Board Meeting Outcomes and New Appointment The Board meeting reviewed and approved the consolidated and standalone unaudited financial results for the period ending June 30, 2026.The Board also considered and approved the appointment of Ms. Bhumika Batra (DIN: 03502004) as an Additional Independent...

Balaji Amines Reports Strong Q1FY27 Results; Highlights Commissioning of India's First Commercial-Scale DME Plant Solapur, July 27, 2026: Balaji Amines Limited, a leading manufacturer specializing in Aliphatic Amines and Specialty Chemicals in India, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported consolidated revenue of ₹461 crore, EBITDA of ₹121 crore, and net profit of ₹78 crore for Q1FY27.The performance highlights were driven by stable operations and strategic project execution across the company's diverse portfolio, which includes Methyl Amines, Ethyl Amines, Derivatives of Amines, and various Specialty Chemicals.Key Financial Performance (₹ Cr.) The financial results...

Apple Surges Past Nvidia as Tech Scrutiny Drives Chipmaker Decline and SpaceX Plummets Apple Reclaims Global Market Cap Crown Apple has successfully regained the title of the world's most valuable publicly traded company. A modest 1 percent rise in its shares lifted the iPhone maker's market capitalization to approximately $4.95 trillion on Monday. This move ended a fiercely contested period between tech giants, with Apple now positioning itself ahead of Nvidia.Nvidia shares experienced a significant decline during the trading session, dropping 4.99 percent. This fall reduced the AI chipmaker's valuation to roughly $4.77 trillion. The reversal in fortunes for Nvidia narrows what had been an intense competition between the two industry...

Gallantt Ispat Limited Announces CFO Appointment Amid Auditor Transition and Releases Quarterly Results Gallantt Ispat Limited has approved the appointment of Mr. Amit Jalan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The company also confirmed the resignation of M/s Maroti & Associates as Statutory Auditors and appointed M/s Singhi & Co. to fill the resulting vacancy.The Board of Directors, during a meeting held on July 27, 2026, approved several key business outcomes including the unaudited financial results for the quarter ending June 30, 2026.Financial Performance Snapshot The company released its standalone unaudited financial results for the quarter ended June 30, 2026. These results were reviewed by...

W S Industries Secures Role as Developer for Senior Living Project in Chennai W S Industries (India) Limited has agreed to enter into a Binding Tripartite Term Sheet to undertake the development of a senior living residential project located at Poonamalee, Outer Ring Road (ORR), Chennai, Tamil Nadu. The project involves collaboration with SIXP Realty Private Limited, who serves as the Landowner, and Bharathi & Associates Asset Building Private Limited, designated as the Marketing Co-Developer.The agreement outlines the terms for W S Industries to act as the Developer, responsible for the end-to-end execution of the project.Project Scope and Commercial Terms The development is planned across approximately 4.00 acres of land in...

Zee Media Corporation Completes Receipt of Consideration for Warrant Conversion Allotment Zee Media Corporation Limited has received the consideration for the allotment of equity shares following the conversion of warrants by Foreign Portfolio Investors (FPIs). The transaction involved the issuance and subsequent conversion of 3,00,00,000 warrants into Equity Shares.The company reports that it received the initial 25% upfront payment amounting to Rs 6,37,50,000 on or before June 25, 2026, against the allotment of 3,00,00,000 warrants. The subsequent balance 75% allotment monies, totaling Rs 19,12,50,000, were received from the respective Allottee's bank account on June 30, 2026, for the allocation of 3,00,00,000 Equity Shares.An...

Asian Paints’ ESG Score Improves Following Assessment by SES ResearchAsian Paints Limited has received an increased rating in its Environmental, Social, and Governance (ESG) standing following a recent assessment conducted by SES ESG Research Pvt. Ltd., a SEBI registered Category - II ESG Rating Provider.The company's ESG score was independently assigned by SES as 76.8. This figure reflects an improvement compared to the previous rating of 74.1, which was assigned during the prior assessment year.According to the assessment provider, the ESG score was determined based on information available in the public domain and was conducted without any direct engagement from Asian Paints Limited for the scoring process.The communication...

Maral Overseas Limited Announces Dates for 37th Annual General Meeting and E-Voting Schedule Maral Overseas Limited has announced the schedule and parameters for its 37th Annual General Meeting (AGM), set to be held in August 2026. The meeting, which is scheduled through Video Conferencing or other Audio Visual Means, will take place on Tuesday, August 25, 2026, at 2:00 p.m.The company has established specific timelines for members regarding the voting process. Tuesday, August 18, 2026, has been set as the Cut-Off Date for determining the eligibility of members to participate in remote e-voting or casting a vote during the Annual General Meeting.Members can avail remote e-voting services provided by National Securities Depository...

Torrent Pharmaceuticals Gains Listing and Trading Approval for Equity Shares from NSE and BSE Torrent Pharmaceuticals Limited has received Final Listing and Trading Approval for a significant tranche of equity shares, marking a key step in its ongoing corporate restructuring following the Scheme of Amalgamation involving J. B. Chemicals & Pharmaceuticals Limited.The company announced that it secured final approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited on July 27, 2026. This approval pertains to 4,19,22,416 fully paid-up Equity shares of Torrent Pharmaceuticals Limited, each valued at ₹ 5/-.These equity shares were issued and allotted in terms of the Scheme of Amalgamation between J. B...