Markets

TVS Motor Company Donates Motorcycles to Boost Grassroots Motorsport through Junior Programme Chennai, July 27, 2026: TVS Motor Company, part of TVS VENU, a global leader in two and three-wheeler segments, has committed to strengthening India's racing ecosystem by handing over 10 TVS Apache RR 200 Mini Motorcycles to the Madras Motor Sports Club (MMSC). This initiative is set to form the core of a structured rider development programme targeting aspiring racers aged 10 to 14 years.The purpose of the program is to equip young participants with professional racing skills under the supervision of experienced instructors and TVS Racing champions. The TVS Apache Junior Programme is designed as part of a comprehensive motorsport ecosystem...

RBI Penalizes Raigad District Bank, Levies ₹10 Lakh Fine Over Director Loans and Credit Reporting Lapse The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Raigad District Central Co-operative Bank Ltd., Maharashtra. The decision was finalized by an order dated July 23, 2026, resulting in a fine of ₹10.10 lakh being levied against the co-operative bank.This action follows a thorough review conducted under the powers conferred on RBI concerning regulatory non-compliance and specific banking guidelines. The penalty highlights stringent oversight regarding statutory compliance within the financial sector.Details of the Monetary Penalty The monetary fine of ₹10.10 lakh (Rupees Ten Lakh and Ten Thousand only)...

Emkay Global Financial Services Approves Wholly Owned Subsidiary for Wealth Management Vertical Emkay Global Financial Services Limited announced that its Board of Directors reviewed and deliberated on the operational viability of the company's Wealth Management vertical. The deliberation took place during a meeting held on July 27, 2026.In connection with this review, the Board approved the incorporation of a new wholly owned subsidiary. This subsidiary is designated to house the company's wealth management operations.The strategic move is intended to enhance operational focus and provide greater strategic flexibility to Emkay Global Financial Services Limited. The meeting of the Board commenced at 4:00 p.m. and concluded at 5:30...

Finkurve Financial Services Limited Appoints Internal Auditor for FY 2026-27 Finkurve Financial Services Limited announced that its Board of Directors has approved the appointment of Mrs. Sugandhi Ravi Kumar as the Company's Internal Auditor for the financial year 2026-27. The decision was made during a Board meeting held on July 27, 2026.Mrs. Sugandhi Ravi Kumar, who is a qualified Chartered Accountant, has been appointed to fulfill the role of internal auditor for Finkurve Financial Services Limited (FINKURVE). The appointment was formalized following the board meeting where the selection was approved.The assignment provides Mrs. Ravi Kumar with the responsibility of serving as the Internal Auditor for the financial year 2026-27...

Emkay Global Posts Strong Unaudited Q1 Results for FY2026; Net Profit Reaches 910.69 Lakhs Emkay Global Financial Services Limited released its unaudited financial results for the quarter ended June 30, 2026. The company reported a net profit of 664.65 Lakhs in standalone terms and saw a total income of 9,653.08 Lakhs on a consolidated basis.The Unaudited Standalone Financial Results showed the company achieving a Total Revenue from Operations of 8,300.03 Lakhs for the quarter ended June 30, 2026. This performance resulted in Total Income of 8,743.06 Lakhs after registering Total Expenses of 8,044.66 Lakhs. The company reported a Profit for the period at 664.65 Lakhs, equating to a basic Earnings Per Share (EPS) of 2.48.Consolidated...

RNFI Services Limited Seals Agreement with Indian Overseas Bank for Special Mention Account Recovery RNFI Services Limited has executed a significant agreement with Indian Overseas Bank. The partnership establishes RNFI as a Feet-on-Street (FOS) Agency, tasked with the collection and recovery of Special Mention Account (SMA) portfolios for the bank.This engagement marks an important expansion in the Company's collections and recovery segment. Through this contract, RNFI Services Limited will conduct collection and recovery activities strictly adhering to the terms of the agreement, as well as the Bank’s policies and relevant regulatory guidelines. The collaboration is aimed at strengthening the company’s capabilities within the sector...

Coal India Limited Announces Interim Dividend of Rs 5.50 Per Equity Share The Board of Directors of Coal India Limited (CIL) has declared an Interim Dividend for the Financial Year 2026-27, following a meeting held on July 27, 2026. The dividend declaration was made in line with the recommendation by the Audit Committee of CIL.The company announced that shareholders are eligible to receive Rs 5.50 per equity share, which is based on the face value of Rs 10/-.CIL set Friday, July 31, 2026, as the Record Date for determining shareholder eligibility for the Interim Dividend for FY 2026-27. The company confirmed that the payment of this dividend will be completed on or before August 25, 2026.Key details regarding the dividend are...

VSSL invests ₹1,116 crore to establish state-of-the-art forging unit in LudhianaVardhman Special Steels Limited (VSSL), a leading producer of special steels and pioneer in green steel manufacturing, has marked a major growth milestone with the foundation stone laying ceremony for its new forging facility. The facility is located at Village Mangarh, Kohara, Chandigarh Road, Ludhiana. This expansion reinforces VSSL's commitment to high-value precision manufacturing through a strategic partnership with Aichi Steel Corporation of Japan.The new unit will be used to manufacture Ring Gears and other precision-forged automotive components for global and domestic markets. These parts are intended for major Original Equipment Manufacturers...

Godfrey Phillips India Limited Releases Quarterly Results and Announces AGM Details Godfrey Phillips India Limited (GPI) announced its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were presented following the Board of Directors meeting held on July 27, 2026.The company's management confirmed the results are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting." GPI also announced key corporate actions during the board meeting, including convening the 89th Annual General Meeting (AGM).Key Corporate Decisions and Dividend Matters The Board of Directors approved several items, including setting the Record Date for dividend payment...

Coal India Limited Announces Interim Dividend Following Unaudited Q1 Results Coal India Limited (CIL) announced its unaudited financial results for the first quarter ended June 30, 2026. Concurrently, the company’s Board of Directors declared an interim dividend for the Financial Year 2026-27. The results cover both standalone and consolidated operations, while the board meeting recommending the dividend was held on July 27, 2026.The Board of Directors recommended and subsequently announced an interim dividend of Rs 5.50 per equity share. This dividend is based on a face value of Rs 10/- per equity share. CIL set Friday, July 31, 2026, as the ‘Record Date’ to determine shareholder eligibility for the payment. The interim dividend is...

Tata Power Reports Q1 FY27 Results: PAT Rises 11% YoY as Company Deploys ₹5,375 Crore in Capital Expenditure Mumbai, July 27, 2026: Tata Power Company Limited reported a strong performance for the first quarter of fiscal year 2027 (Q1 FY27), announcing a Profit after Tax (PAT) of ₹ 1,401 crore, marking an 11% increase year-on-year. The company's revenue grew to ₹ 18,898 crore, while Earnings Before Interest, Taxes and Depreciation (EBITDA) rose by 8% to ₹ 4,249 crore.The results underscore solid execution across the company’s diverse businesses, as Tata Power commenced FY27 with a robust footing, investing a historic capital expenditure of ₹5,375 crore in the quarter alone.Consolidated Financial Performance The consolidated...

Gandhar Oil Refinery Announces Interim Dividend of Rs. 2 Per Share for FY 2026-27 Gandhar Oil Refinery (India) Limited has declared an interim dividend amounting to Rs. 2/- per equity share, marking a payment that represents 100% of the face value of the shares. The decision was made by the company's Board of Directors during a meeting held on July 22, 2026, pertaining to the financial year 2026-27.The interim dividend is designated for those shareholders listed in the Register of Members or as per the list provided by the Depositories (NSDL and CDSL). The record date set for this interim dividend payment is Friday, July 31, 2026.Tax Deduction at Source Mandate As stipulated by the Income-tax Act, 2025, dividends distributed by the...

Promoter Acquires Equity Shares in Neochem Bio Solutions Limited on Market Neochem Bio Solutions Limited, formerly known as Neochem Bio Solutions Private Limited and Neochem Technologies Private Limited, reported that one of its promoters increased their equity stake through a market purchase. The transaction details were recorded on July 27, 2026.According to the disclosed information regarding changes in holdings by a Promoter, Swapnil Ramesh Bhai Makati acquired shares in the company's stock. This acquisition was carried out on the market segment of the National Stock Exchange (NSE).The transaction indicates that the promoter had previously held 93,52,475 equity shares, representing a 54.63% stake in the company. Through this...

Vedanta Aluminium Metal Limited Board Meeting Scheduled to Consider First Interim Dividend for FY 2026-27 Vedanta Aluminium Metal Limited (VAML) has scheduled a board meeting to consider and approve the First Interim Dividend, if any, for the Financial Year 2026-27. The company announced that the Board of Directors will address this matter during its meeting set for Thursday, July 30, 2026.The dividend approval is part of the company's deliberation following previous intimations regarding results. For determining eligibility for the dividend if declared, VAML has fixed Wednesday, August 05, 2026, as the record date for equity shareholders.In addition to the dividend consideration, Vedanta Aluminium Metal Limited provided an update...

SEBI Champions Integrity and Trust as India's Capital Markets Enter a New Digital Era In a significant address delivered at NISM, SEBI Chairman Tuhin Kanta Pandey emphasized that the foundation of India's booming capital markets is not regulation or technology alone, but unwavering public trust. Addressing officers undergoing an induction program, the Chairman provided a deep dive into the institution's purpose, outlining how integrity and continuous learning are paramount for maintaining market credibility.The session reaffirmed SEBI’s commitment to ensuring that investor confidence remains central as Indian finance becomes increasingly integrated with global markets. The Chairman stated that SEBI exists fundamentally to ensure that...

Waaree Renewable Technologies Enters ANZ Market with Early Contractor Involvement Agreement for New Zealand Solar Project Waaree Renewable Technologies Limited (WRTL) has secured an Early Contractor Involvement (ECI) Agreement in New Zealand, marking a significant strategic entry into the Australia and New Zealand (ANZ) renewable energy market. The agreement involves the development of a utility-scale solar photovoltaic (PV) project that is integrated with a Battery Energy Storage System (BESS).WRTL entered into the ECI agreement with a Special Purpose Vehicle (SPV) belonging to a leading global Independent Power Producer (IPP). This engagement is part of a consortium which also includes two experienced local companies in New Zealand...

Usha Martin Posts Quarterly Results; Highlights Discontinued Business and Ongoing Regulatory Matters Usha Martin Limited announced its unaudited financial results for the quarter ended June 30, 2026, following a Board meeting held on July 27, 2026. The results reflect performance across both consolidated and standalone levels, while the company continues to navigate several significant ongoing legal proceedings and structural changes in its operations.The company released the Unaudited Consolidated Financial Results, which include the performance of the Holding Company and its nineteen subsidiaries, two joint ventures, and the Usha Martin Employees Welfare Trust. Simultaneously, management presented the unaudited standalone results...

Ramkrishna Forgings' Q1 PAT Rises by 298% as Company Announces Rs 170 Crore Capex Kolkata: Ramkrishna Forgings Limited, a leading manufacturer of rolled, forged, and machined products, has announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a significant rise in Profit After Tax (PAT), alongside announcing a substantial capital expenditure plan.The consolidated financial highlights show strong performance across key metrics during Q1 FY27.Financial MetricQ1 FY27Q4 FY26Q1 FY26Q-o-Q ChangeY-o-Y ChangeRevenue from Operations (Rs Crores)1,2171,2171,015-19.8%EBITDA (Rs Crores)2182081494.9%47.0%EBITDA Margin17.96%17.11%14.64%85 bps332 bpsPAT (Rs Crores)475612(16.2%)297.6%...

Tata Power Reports Consolidated Financial Results for Q1 FY27; Segment Performance Review Available Tata Power Company Limited released its Unaudited Consolidated Financial Results and Audited Standalone Financial Results for the quarter ended June 30, 2026. The results provide insights into the company's operational performance across various segments, including Thermal & Hydro, Renewables, Transmission and Distribution, and Others.The consolidated financial statements detail the Group's performance against a backdrop of significant infrastructure activities and external legal proceedings.Key Financial Highlights (Consolidated) The Consolidated Segment Information for Q1 FY27 showed the following revenue mix across major business...

Northern Arc Capital Posts Highest First-Quarter Results with INR 114 Cr Profit; Lending AUM Reaches 26% Growth Northern Arc Capital Limited (NACL) announced its unaudited financial results for the first quarter of fiscal year 2027, ending June 30, 2026. The company reported a significant rise in profitability, noting that Profit after tax (PAT) grew by 41% year-on-year (YoY) to INR 114 crore.The financial performance highlights included Pre-provision operating profit (PPoP), which increased by 27% YoY to INR 263 crore for Q1FY27. Net Interest Income also rose by 32% YoY, reaching INR 394 crore. NACL's operational efficiency saw the Opex ratio remain flat at 3.6%, while the credit cost decreased by 44 basis points (bps) YoY to 2.6%...