Markets

Aastha Spintex Achieves Record Financials, Approves 1:1 Bonus and Pivots into Fabric Manufacturing Aastha Spintex Limited, a Gujarat-based textile company listed on NSE and BSE, has reported exceptional audited financial results for the fiscal year ending March 31, 2026. The Company's Board of Directors simultaneously approved a comprehensive three-pillar growth strategy, including a 1:1 bonus issue, dividend declaration, and a strategic move into fabric manufacturing.The audited financials reflect strong operational performance, validating the integrity of the Company’s reporting through an unmodified audit opinion from M/s. S. N Shah & Associates.Financial Excellence Highlights FY2025-26 Aastha Spintex demonstrated significant...

Customs Action Against Lloyds Metals and Energy Limited Confirms Duty Demand of Rs 7.74 Crore Lloyds Metals and Energy Limited has confirmed that it received an order from the Office of the Commissioner of Customs, Nagpur, regarding a demand for differential customs duty due to the misclassification of goods under the Customs Act, 1962.The company received the official order on July 27, 2026, issued by the Commissioner of Customs in Nagpur. The action pertains to a demand confirmed by the customs authority concerning the classification of certain goods.Lloyds Metals and Energy Limited stated that it had settled the matter prior to receiving the formal order from the customs office.Demand Details Confirmed The custom duty claim...

SG Mart Limited Commences Commercial Production at Jaipur Unit SG Mart Limited has announced the commencement of commercial production at its newly established unit in Jaipur. The company confirmed that operations began on July 27, 2026, at the facility located in Mahindra World City, Jaipur.The new unit is situated at DTA003-018, Domestic Tariff Area, Mahindra World City, Bagru, Sanganer, Jaipur - 302020.This expansion marks a key operational milestone for SG Mart Limited as it begins production activities from this strategic location.SGMART Stock Price Movement On Monday, shares of SG Mart Limited rallied by 1.14%, settling at ₹720.65 as the equity strengthened following its session high of ₹737.45. The stock closed near its...

Aurionpro Reports Q1 FY27 Revenue of ₹358 Crore; Secures Major Deals in Banking and Transit Aurionpro Solutions Limited announced its unaudited financial results for the first quarter ended June 30, 2026, reporting a revenue of ₹358 Crore. The company also highlighted robust operational momentum, securing significant contracts across both the Banking and Fintech segment and the Technology Innovation Group (TIG).The results reflect sustained business resilience despite external disruptions. Revenue for Q1 FY27 showed a growth of 6.3% year-on-year (YoY), up from ₹337 Crore in Q1 FY26 and compared to ₹346 Crore in Q4 FY26.Financial Performance Snapshot The unaudited financial highlights for the first quarter are presented below...

KDDL Ltd Announces Completion of Term for Independent Director Nagarajan Subramanian KDDL Limited has reported the completion of tenure by Mr. Nagarajan Subramanian, who served as an Independent Director of the company.The director's cessation occurred on July 27, 2026, consequent to the completion of his term with the organization.Key details regarding this change in directorship are presented below:DetailInformationReason for ChangeCessation as an Independent Director upon completion of term.Date of CessationJuly 27, 2026Director ProfileNot ApplicableKDDL Stock Price Movement Shares of KDDL Limited on Monday slipped 0.48% to settle at ₹3119, finishing down ₹15.20 from the previous close. The stock traded a volume...

Sagar Cements Reports Q1 FY27 Results; Volume Rises 13% While Operating Margins Moderate Amid Input Costs Sagar Cements Limited has released its un-audited Standalone and Consolidated financial results for the first quarter of Fiscal Year 2027 (Q1 FY27). The company reported a significant increase in sales volume, though operating profitability saw a decline due to elevated input costs across energy and fuel, amidst geopolitical tensions.The company achieved a consolidated sales volume of 16,06,209 metric tons (MT) for Q1 FY27, marking a 13% year-on-year (YoY) increase. Revenue from Operations stood at ₹ 70,607 Lacs, reflecting a 5% growth compared to the same quarter in the previous year.Operational performance metrics showed that...

CCL Products Profit Soars 61% as Markets Await Major Earnings and Corporate Shifts The stock market remains highly active as investors await quarterly results from numerous blue-chip companies. Beyond corporate announcements, several mid-cap performers reported significant jumps in profitability, while some established players faced profit declines. Trading is also focused on key deals and ownership changes across the industry landscape.Quarterly Financial Highlights: Profit and Loss Swings Dominate Results The recent Q1 results showcased sharp contrasts across sectors. CCL Products India saw a monumental surge, with its profit soaring 61.3% to Rs 116.9 crore from previous figures of Rs 72.4 crore. This stellar performance came...

Thomas Cook Receives Tax Order Confirming GST Demand and Penalty Thomas Cook (India) Limited has received an order from the Senior Joint Commissioner, Behala, West Bengal, concerning a demand for Goods and Services Tax (GST) short payment. The adverse ruling confirmed a total demand amount that includes tax liability, interest, and penalties.The company stated that the order, dated December 8, 2025, confirmed a GST demand amounting to INR 10,56,896. This primary demand was accompanied by associated financial obligations.Financial components of the ruling include:GST Demand: INR 10,56,896 Interest: INR 7,79,120 Penalty: INR 1,00,000The penalty was levied under Section 73(9) of the CGST/WBGST Act 2017. This ruling followed the...

Crude Oil Plunges Amid Peace Talks Hopes as Shipping Risks Persist in Middle East Oil prices experienced a sharp correction on Tuesday, driven by market assessments regarding potential diplomatic breakthroughs between the United States and Iran. The dip comes despite ongoing geopolitical tensions concerning maritime security in critical global shipping routes. This movement highlights the precarious balance between easing conflict hopes and persistent supply disruptions in the strategically vital regions of the Middle East.Current Market Movement and Price Breakdown Crude oil prices slipped 1% as traders reacted to the possibility of diplomatic progress after Washington paused its strikes against Iran. Brent crude futures fell $0.78...

Tata Chemicals Limited Declares Q1FY27 Results, Reports Consolidated Revenue of ₹ 4,255 Cr Tata Chemicals Limited announced its financial results for the quarter ended June 30, 2026. The company reported consolidated revenue from operations at ₹ 4,255 Cr and EBITDA at ₹ 555 Cr for the first quarter of FY27.The Managing Director & CEO, R. Mukundan, commented on the results, stating that Tata Chemicals delivered a resilient performance during Q1FY27. This resilience was supported by higher sales and production volumes, strong operating efficiencies, and disciplined cost management. However, he noted that exports from the USA to Southeast Asia remained under pressure due to unremunerative soda ash pricing.The company highlighted its...

Tilaknagar Industries reports first-ever quarterly net revenue crossing ₹1,000 crore in Q1 FY27 Tilaknagar Industries Limited (TI), a leading alcoholic beverage company specializing in Mansion House Brandy (MHB) and Imperial Blue Whisky (IB), has reported strong results for the quarter ending June 30, 2026. The company announced that its net revenue from operations adjusted for subsidy reached ₹1,026 crores, marking the first time it exceeded the ₹1,000 crore mark in a single quarter.The Q1 FY27 performance highlights substantial growth across volumes and profitability, establishing TI as a dominant player in the Prestige & Above (P&A) segment of the Indian spirits market.Financial Highlights for Q1 FY27 Adjusting for subsidy...

Crypto Turbulence: Bitcoin Sags as Investors Brace for Fed Rate Decision and Macro Risks Bitcoin experienced a decline in early Asia trading on Tuesday, driven by growing investor apprehension regarding potential higher interest rates from the US Federal Reserve. The major cryptocurrency asset dropped up to 2.3% during the session, settling at $63,414 by 9 a.m. in Singapore. This level represents its lowest point in 11 days. Ethereum (Ether) also saw movement downward, registering a decrease of 3.6%.Market Reaction and Price Action on Bitcoin The decline reflects the broader market shift away from high-risk assets as borrowing costs rise globally. For context, these movements follow a period where Bitcoin had been posting modest gains...

Chipmaker Bloodbath Triggers Massive Plunge: KOSPI Dips 7.41% as Tech Giants Face China Competition Threat Global Selloff Delivers Steep Decline to South Korean Equities The South Korean stock market experienced a severe downturn on Tuesday, driven by intensifying selloff within the crucial chipmaking sector. The benchmark KOSPI index dropped drastically, registering a decline of 500.47 points, equating to 7.41%. This volatility was sufficient to activate sidecar trading curbs across both the KOSPI and the junior Kosdaq index, temporarily suspending program trading.The performance of memory chip makers dominated the market movement. SK Hynix saw a sharp decline of 10%, with its American depositary receipts (ADRs) falling in New York...

Tejas Networks Reports Q1 FY27 Financial Results: Net Revenue Stands at Rs 402 Cr Amid Operational Milestones Tejas Networks Limited has reported its financial results for the first quarter of fiscal year 2027 (Q1 FY27), which ended on June 30, 2026. The company designs, develops, manufactures, and sells high-performance telecom and networking products used in building high-speed communication networks.The Q1 FY27 performance details are as follows:MetricQ1 FY27 (Rs Cr)Q1 FY26 (Rs Cr)FY26 (Rs Cr)Net Revenue4022021,103PBT(271)(297)(1,354)PAT(202)(194)(909)Operational Highlights and Growth Drivers Mr. Arnob Roy, MD and CEO of Tejas Networks, stated that Q1 revenues were driven by international shipments of 5G radios and...

NCLT Admits Second Motion Petition in Scheme of Amalgamation involving Somany Bathware Limited into Somany Ceramics The National Company Law Tribunal (NCLT), Kolkata Bench, has passed an order admitting a Second Motion Petition concerning the Scheme of Amalgamation involving three entities into Somany Ceramics Limited. The order was issued on July 21, 2026.The scheme involves the amalgamation of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited (collectively referred to as Transferor Companies) with and into Somany Ceramics Limited (the Transferee Company). The process is governed by Sections 230 to 232 of the Companies Act, 2013.The company received the NCLT order on July 27, 2026, and the...

Korean Chip Stocks Plunge as AI Doubts and Fierce Competition Tank Memory Giants South Korea's semiconductor sector saw a sharp correction on Tuesday, with major players like Samsung Electronics and SK Hynix experiencing significant declines amid mounting worries over the long-term viability of the AI-driven chip boom.The broader market sentiment took a severe hit after reports intensified concerns regarding financing risks for AI infrastructure spending and rising competition from Chinese technology firms. The benchmark KOSPI was trading down around 8% as of 0120 GMT.SK Hynix Sinks Below IPO Price Amid Investor Caution SK Hynix's U.S.-listed shares continued to slip, closing at $143.02, which is below the $149 initial public...

Ddev Plastiks Industries Limited Reports Resignation of Independent Director Mrs. Ramya HariharanDdev Plastiks Industries Limited has announced that Mrs. Ramya Hariharan, an Independent Director, has resigned from her position due to professional preoccupations. Her resignation is effective immediately and ceased on July 27, 2026.Following her cessation as an Independent Director of Ddev Plastiks Industries Limited, Mrs. Hariharan will also cease to be a member of the company’s Audit Committee and the Nomination and Remuneration Committee, effective from July 27, 2026. The resignation confirms that there are no material reasons for her departure other than those stated in her resignation letter.The disclosure details provided by...

Capri Global Capital's Consolidated AuM Jumps 62% to Over Rs 40,000 Crores; PAT Increases by 102% YoY in 1QFY27 Mumbai, July 27, 2026: The Board of Directors of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI), announced its unaudited financial results for the quarter ended June 30, 2026. CGCL reported strong growth across all lending segments as consolidated Assets Under Management (AuM) rose by 62% year on year to Rs 40,112 crores. Furthermore, Profit After Tax (PAT) achieved a record high for the quarter, increasing by 102% year on year to Rs 353 crores.The company highlighted that its asset quality remained under control and it maintains a robust liquidity position following these...

Fitch Rates UCO Bank with Long-Term IDR of BBB-, Citing State Support and Improved Financial Health Fitch Ratings has assigned a Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook to UCO Bank, reflecting structural improvements in the bank's financial profile and its connection to government support. The ratings committee considered operational factors, capital buffers, and asset quality while assigning the rating actions.The full range of ratings assigned by Fitch Ratings includes:MetricRatingRating ActionLong-Term Issuer Default Rating (IDR)BBB-New RatingShort-Term Issuer Default Rating (IDR)F3New RatingGovernment Support Rating (GSR)bbb-New RatingViability Rating (VR)bbNew RatingLong-Term...

Rajputana Biodiesel Secures Letter of Intent from IOCL for Biodiesel Supply Deal Rajputana Biodiesel Limited has received a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) for the supply of biodiesel, securing an estimated order value of ₹ 8.90 Crores. This contract covers the provision of biofuel at Bharatpur, Rajasthan, spanning the period from June 2026 to August 2026.The LOI, dated July 24, 2026, is for the supply of 954 KL of biodiesel under a tender process initiated by OMCs (Oil Marketing Companies), including IOCL, Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL).This material contract details are as follows:Entity Awarding OrderProduct NatureDelivery...