Markets

Akme Fintrade Launches Green Finance Platform AKME GreenX to Bolster EV and Renewable Energy Financing Akme Fintrade (India) Limited, an RBI-regulated NonBanking Financial Company (NBFC), has partnered with Finayo to introduce AKME GreenX - Powered by Finayo. This dedicated Green Finance platform is designed to support the financing needs of the Electric Mobility and Renewable Energy sectors across India.The partnership leverages Akme Fintrade's established lending expertise alongside Finayo's AI-powered digital lending platform. The combination aims to deliver faster, technologically advanced financing solutions tailored for sustainable industries.AKME GreenX is set to expand access to Green Finance, actively supporting the growing...

Happiest Minds Reports Q1 FY27 Results: Revenue Up 96.4%, Adjusted PAT Reaches ₹8,052 Lakhs Happiest Minds Technologies Limited has reported its financial results for the first quarter of fiscal year (FY) 27, alongside details on operational performance and business diversification. The company's Q1 FY27 results reflect consistent growth across core service lines, demonstrating strong market positioning in AI-First delivery models.Financial Performance Highlights For the quarter ended June 30, 2026 (Q1 FY27), Happiest Minds recorded a Total Income of ₹65,220 Lakhs, showing a 4.9% increase compared to Q4 FY26 and a 12.5% rise year-over-year (YoY). Operating Margin stood at 17.5%, with EBITDA reaching ₹14,129 Lakhs, marking a strong...

CCL Products Announces Q1 Results and Fixes Dividend Record DateCCL Products (India) Limited has approved its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors also resolved to hold the company's Annual General Meeting (AGM) and fixed the record date for the final dividend payout.The company announced that it will pay a final dividend of Rs. 3/- per equity share, noting that the nominal value of the share is Rs. 2/- each. The record date for this dividend payment has been set as September 01, 2026. Furthermore, the AGM is scheduled for September 08, 2026, which will be conducted through a Video Conference or other Audio Visual Means.The Board meeting concluded several key approvals, including...

TVS Motor Company Acquires Shares from Lucas-TVS, Increasing Stake in TVS Credit Services TVS Motor Company Limited has completed a significant acquisition that strengthens its foothold in financial services. The company acquired 1,13,37,297 equity shares of TVS Credit Services Ltd (TVSCS) from Lucas-TVS Limited on July 27, 2026.The purchase, which involved cash consideration, was made for an aggregate cost of Rs. 711 Cr. This transaction represents 4.39% of the paid-up share capital in TVSCS. With this acquisition, TVSM's ownership stake in TVSCS is set to increase from 80.76% to 85.15%, based on a fully diluted basis.The strategic move is intended to consolidate the Company's stake in TVSCS by acquiring shares held by other...

Oswal Greentech Limited Appoints Key Managerial Personnel and Secures Long-Term Auditor Oswal Greentech Limited has made several significant appointments following the outcomes of its Board of Directors meeting held on July 27, 2026. The company approved key changes in its management structure and appointed senior professionals to critical compliance and advisory roles, including a new Company Secretary and an Independent Director.The Board approved the appointment of Mr. Harshendra Mandloi as the Company Secretary and Compliance Officer, effective July 27, 2026. This appointment follows Mrs. Purva Jhanwar ceasing to hold the said office, which occurred with effect from May 6, 2026. Mr. Mandloi holds Membership No. A81271 and is an...

Tamilnad Mercantile Bank Achieves Strong Q1 Start, Reporting 34.97% Surge in Net Profit Tamilnad Mercantile Bank Limited (TMB), an established Old Private Sector Bank with a history spanning 104 years, reported robust Unaudited Financial Results for the Quarter Ended June 30, 2026. The results reflect broad-based growth and disciplined execution across various business segments, according to the bank.The Board of Directors approved the results at a meeting held in Thoothukudi on July 27, 2026. Shri. Salee S Nair, Managing Director and CEO of TMB, stated that the first quarter of Fiscal Year (FY)27 marked a positive beginning for the bank.TMB currently maintains a pan-India presence, serving over 5.3 million satisfied customers...

Everest Industries Approves Voluntary Winding-up of Mauritian Subsidiary, Simplifies Group Structure Everest Industries Limited has approved the voluntary winding-up of its wholly owned subsidiary, Everest Building Products, based in Mauritius. The decision was made by the company's Board of Directors during a meeting held on July 27, 2026.The move is intended to simplify the overall group structure. Everest Building Products operates as a wholly owned subsidiary of Everest Industries in Mauritius.The company stated that the winding-up of this subsidiary will not impact the revenue, business operations, or profitability of Everest Industries Limited.Financial parameters related to Everest Building Products (EBP), as reported in...

Zaggle Prepaid Secures Strategic Three-Year Pact with Daimler India Commercial Vehicles Zaggle Prepaid Ocean Services has signed a significant three-year agreement with Daimler India Commercial Vehicles (DICV). This partnership solidifies Zaggle’s presence in the commercial fleet management space. The company is set to introduce its comprehensive financial tools to DICV's vast network of fleet partners.The core of the deal involves providing DICV's associated entities with the exclusive use of the Zaggle ZatiX and Corporate Credit Card Programme. This contract addresses the specialized needs of large commercial vehicle fleets in India. The commencement date for this focused engagement is set for July 28.Locking Down Long-Term...

Cineline India Reports Strong Q1 FY27 Performance; Revenue Jumps 28% Amid Operational GainsCineline India Limited, identified as one of the fourth largest film exhibition players in India, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, including a significant rise in revenue and profitability.The Q1 FY27 results reflect strong operational momentum, supported by continued audience engagement and effective execution. Total Revenue stood at INR 6,002 lakh in the quarter, marking a 28% increase compared to Q1 FY26. Earnings before Interest, Depreciation, and Amortization (EBITDA) saw an exceptional increase of 106%, reaching INR 605 lakh.The...

Gulf Funds Set to Surge Investments in India: AI, Logistics and Food Security Pinpoint Next Phase of Deepening Partnership The relationship between India and the UAE is transitioning rapidly from a robust trade partnership into a significant investment alliance. This evolution is being driven by strong commitments from both nations across critical sectors. The UAE’s top investment official, Mohammad Alhawi, confirmed that Gulf sovereign wealth funds are set to intensify their focus on the Indian market in the coming months.Alhawi highlighted that his organization believes there will be a series of major investment announcements soon. These investments span high-growth areas such as Artificial Intelligence (AI), logistics, food...

Amara Raja Energy and Mobility Pays Penalty Over GST Detention Order Amara Raja Energy & Mobility Limited, formerly Amara Raja Batteries Limited, has taken action regarding a truck detention order issued by tax authorities in Uttar Pradesh. The company paid a penalty of Rs.13,30,018 following the issuance of the order on July 27, 2026.The GST order was issued by the Assistant Commissioner, Sector-4, Mobile Squad-08 in Kanpur, Uttar Pradesh. The detention occurred because goods were withheld due to a mismatch identified between the 'ship-to' address listed in the tax invoice or delivery challan and the E-Waybill.In response to the action, which was classified as Mov-09 / DRC-07 (Order), Amara Raja Energy & Mobility Limited paid the...

Pavna Industries Reports Lapse of Convertible Warrants and Announces Management Restructuring and New Auditor Appointment Pavna Industries Limited has announced a significant outcome regarding its convertible warrants, detailing the lapse and subsequent forfeiture of those warrants. The company also disclosed changes in its senior management personnel and approved the appointment of M/s Suri & Sudhir as its Internal Auditor for Fiscal Year 2026-27.Warrants Lapse and Forfeiture Details The outcome of the convertible warrants relates to an earlier preferential allotment made by the company, which included 24,00,000 convertible warrants issued to promoter and promoter group entities. These warrants were part of a larger issuance that...

Indus Towers Posts Q1 Results: Revenues Rise by 4.6% Amid Network Expansion Indus Towers Limited announced its audited consolidated results for the first quarter (Q1) ended June 30, 2026, highlighting a steady performance driven by continued network rollouts and strong cash generation, despite global supply chain disruptions.The company reported Consolidated Revenues at Rs. 8,431 Crores for the quarter, marking a 4.6% rise year-on-year (Y-o-Y). Consolidated EBITDA stood at Rs. 4,525 Crores, increasing by 3.1% Y-o-Y, achieving an EBITDA margin of 53.6%. Net profit after tax for the quarter was Rs. 1,749 Crores, up 0.7% compared to the same period last year.Key operational metrics showed expansion in infrastructure base. The total...

Indian Market Snaps Losing Streak as Big Gains Surge; PSU Giants And Energy Stocks Shine The Indian stock market rallied strongly on Monday, successfully ending a five-session streak of declines. Benchmark indices Sensex and Nifty registered substantial gains amid improved investor sentiment. This positive movement was fueled by geopolitical de-escalation between Iran and the US, coupled with softer global oil prices. The sharp daily surge added over Rs 5 lakh crore to the market capitalization across all companies listed on BSE, boosting total value to Rs 481 lakh crore.Corporate Scandals and Financial Health Scrutinized HDFC Bank announced that its board has concluded a detailed internal review concerning its deposit arrangements...

Fundraising Surges: IPO and QIP Activity Hits 20-Month High Despite Geopolitical Jitters Despite prevailing geopolitical tensions and renewed selling from foreign investors, fundraising through Initial Public Offerings (IPOs) and Qualified Institutional Placements (QIPs) reached a significant 20-month high in July. This robust inflow indicates that issuers and domestic investors are finding common ground amidst market volatility.Total Fundraising Reaches Strongest Levels Since November 2024 Nearly 36 companies mobilized approximately Rs 52,300 crore through mainboard IPOs, SME IPOs, and QIPs in July. This figure represents a strong monthly fundraising performance, surpassing the figures recorded during the equivalent period last year...

Sensex Surges Over 1%, Nifty Jumps on Global Cues as DII Buying Counters FII Outflow The Indian equity markets witnessed a strong rebound in a volatile trading session, with the Sensex and Nifty closing higher amid supportive global cues and encouraging corporate earnings. The index gains were fueled by strong domestic institutional participation despite significant selling pressure from foreign investors (FIIs).Market Index Performance and Sectoral Movers At market close, the benchmark Sensex finished up 776.01 points, recording a gain of 1.02% to reach 76,835.78. Correspondingly, Nifty registered a rise of 228.50 points, or 0.96%, closing at 23,995.95.Sectoral performance was robust, with Nifty Media leading the charge, rising...

Prozone Realty Boosts Stake in Downtown Retail Malls, Eyes Business Expansion Prozone Realty Limited has increased its stake in Downtown Retail Malls Private Limited ('Downtown Retail') following the approval of a strategic acquisition by its management Committee. The move positions the company to expand its business and related investments within the Real Estate sector.The acquisition saw Prozone acquire a 17.51% equity stake in Downtown Retail. This transaction brings the Company’s aggregate shareholding in 'Downtown Retail' from 9.21% to 26.80%.The transaction utilized cash consideration and involved acquiring 1,751 Shares of Downtown Retail at Rs 10 per share, for a cost of INR 17,510/-. The acquisition is intended to align with...

Vivid Electromech Limited Announces 36th Annual General Meeting and Book Closure Schedule Vivid Electromech Limited has announced the schedule for its 36th Annual General Meeting (AGM), setting forth key dates related to shareholder eligibility, record closure, and remote e-voting procedures. The AGM is scheduled to take place on August 25, 2026.The company designated Tuesday, August 18, 2026, as the cut-off date for all matters pertaining to determining members eligible to vote or attend the resolution(s) presented at the meeting.Key Dates and Book Closure Details Vivid Electromech Limited has specified the period during which the Register of Members and Share Transfer Books will remain closed concerning equity shares. This closure...

Gold Slips Amid Strong Dollar as Markets Await Federal Reserve's Crucial Interest Rate Decision Gold prices edged lower on Tuesday, trading at $4,056.03 per ounce by 0110 GMT. The decline was largely attributed to a firmer dollar, as traders focused their attention on the upcoming policy meeting of the U.S. Federal Reserve (Fed). This focus intensifies expectations regarding future interest rate movements.Gold and Precious Metals Performance Spot gold futures for August delivery slipped 0.5% to $4,056.70. Meanwhile, other key precious metals saw modest declines across the board. Spot silver fell by 1.7%, hitting $57.39 per ounce. Platinum also registered a slide, falling 0.8% to $1,608.20, while palladium slid 1.5% to $1,272.25...

Usha Martin Reports Strong Q1 FY27 Results: Revenue Grows 16.4%, Operating EBITDA Jumps 43.8% YoY Kolkata, July 27, 2026 – Usha Martin Limited, a global specialty wire rope solutions provider, announced its unaudited financial results for the quarter ended June 30, 2026, showcasing robust growth across key metrics. The company reported that revenue increased by 16.4% year-on-year (YoY) to Rs. 1,033.0 crore, while Operating EBITDA improved significantly by 43.8%, reaching Rs. 208.0 crore. Profit after Tax (PAT) grew by 40.9% YoY to Rs. 142.0 crore.The consolidated financial performance detailed the following figures:Particulars (Rs. Crore)Q1 FY27Q1 FY26YoY ChangeRevenue from Operations1,033.0887.216.4%Operating...