Markets

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...

Gallantt Ispat Limited Posts Q1 FY27 Results; EBITDA Margin at 18% as Capex Remains On Track Gallantt Ispat Limited, a major producer of Rebars in Uttar Pradesh with a reported 25% market share in its addressable geographies, has announced its first quarter (Q1) and full fiscal year 2027 financial results. The company's performance reflected steel realizations and the planned shutdown of its pellet plant for maintenance and utilization improvement.The integrated manufacturing model provided structural cost advantages despite external pressures regarding commodity costs and geopolitical developments.Q1 FY27 Financial Performance Highlights For Q1 FY27, Revenue from Operations stood at ₹1146 Cr, showing a 2% year-on-year (YoY) growth...

Novelis Secures $500 Million Short-Term Unsecured Term Loan Facility Hindalco Industries Limited's subsidiary, Novelis Inc., has entered into a Material Definitive Agreement to secure a substantial short-term unsecured term loan facility. The agreement provides novelis with financial backing of $500 million.As a wholly owned subsidiary of Hindalco Industries Limited, Novelis Inc. utilized the agreement to establish this significant financing structure. This material definitive agreement secures the short-term unsecured term loan facility for the company.HINDALCO Stock Price Movement Hindalco Industries Limited stock settled on Monday after surging to ₹945.25, achieving a 0.23% increase from the previous close. The equity traded...

Cipla Receives U.S. FDA Approval for Generic Advair Diskus® in Three Strengths Mumbai and Warren, New Jersey, USA - July 27, 2026 - Cipla Limited today announced that it has secured approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA). The application was for Generic Advair Diskus®, a fluticasone propionate and salmeterol inhalation powder.The FDA granted approval for all three strengths of the product: 100/50 mcg, 250/50 mcg, and 500/50 mcg. Generic Advair Diskus® is a therapeutically equivalent combination therapy intended for the treatment of asthma and chronic obstructive pulmonary disease (COPD).Market Significance and Expansion The approval marks a key milestone for...

Coforge Limited Announces Interim Dividend of Rs 4 Per Equity Share for Financial Year 2026-27 Coforge Limited announced that its Board of Directors has declared an Interim Dividend for the financial year 2026-27. The dividend payout is set at Rs 4 per Equity Share of the company.The decision was made by the Board of Directors during a meeting held on July 27, 2026. The declaration relates to the Financial Year 2026-27.Key details regarding the dividend distribution include:Dividend Amount: Rs 4 per Equity Share Share Details: The company's equity share has a face value of Rs 2 and is fully paid up. Record Date: August 03, 2026The Board specified that the Record Date, set as August 03, 2026, will be used to determine the...

Digitide Solutions Reports Q1 FY27 Revenue Growth of 5.3% YoY; Profit After Tax Turns Positive Digitide Solutions Limited announced its performance for the first quarter of fiscal year 2027 (Q1 FY27), reporting revenue growth despite margin pressures and achieving a significant turnaround in profitability. The company reported that its net profit after tax (PAT) turned positive, reaching ₹2.9 Cr, following two consecutive quarters of losses.The results reflect the company's strategic pivot from a "scale-first" approach to a "value-first," guided by four key priorities aimed at strengthening core business units and accelerating digital transformation.Q1 FY27 Financial Highlights Total revenue for the quarter stood at ₹775.1 Cr...

Independent Director Resigns from Praxis Home Retail Limited Praxis Home Retail Limited has announced the resignation of Ms. Anou Singhvi from her position as Non-Executive Independent Director. The change became effective on July 27, 2026.Ms. Anou Singhvi submitted her resignation due to personal reasons. In her letter, she confirmed that there are no other material reasons for her departure besides the stated personal circumstances.The company confirmed that Ms. Singhvi held no directorships in any other listed entities.PRAXIS Stock Price Movement On Monday, shares of Praxis Home Retail Limited edged higher to close at ₹7.03 after gaining 1.01% from the previous session's closing price. The stock movement was recorded amidst a...

Coforge Reports Strong Q1 Results: Revenue Jumps 49% YoY as PAT Increases 110% Coforge Limited has announced its financial results for the quarter ended June 30, 2026, reflecting significant growth and margin expansion. The company reported a 49% year-over-year (YoY) increase in revenue, while Profit After Tax (PAT) surged by 110% YoY.The Board of Directors recommended an interim dividend of INR 4/- per share, with the record date set for August 03, 2026.Key Financial Performance Metrics Coforge’s Q1 performance demonstrates a strong execution intensity and expanded operational capabilities. The company's revenue grew to INR 55,277 Million (USD 592.2 Mn), marking a 49% YoY increase in INR terms and 33% in USD terms.The profit...

TGB Banquets And Hotels Limited Reports Q1 Unaudited Results; Re-appoints Nishit Bharatbhai Popat as Independent Director TGB Banquets And Hotels Limited reported its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors also approved the re-appointment of Mr. Nishit Bharatbhai Popat as a Non-Executive Independent Director.The limited review report on the Q1 performance was conducted by Prakash Tekwani & Associates Chartered Accountants. The audit firm confirmed that nothing came to their attention that suggested material misstatement in the unaudited results, which were prepared in accordance with Indian Accounting Standards (Ind AS).Financial Highlights for Q1 FY27 TGB Banquets And...

Delhi High Court Issues Interim Stay on Stamp Duty Dispute for E2E Networks Equity IssuanceThe Delhi High Court has passed an interim order in a legal proceeding concerning a stamp duty matter related to the issuance of equity shares by E2E Networks Limited in dematerialized form. This ruling provides relief regarding the adverse order previously issued by the Office of the Collector of Stamps, Revenue Department, Government of NCT of Delhi.The High Court directed that the operation of the disputed order from the Collector of Stamps shall remain stayed until the next hearing date, provided E2E Networks Limited deposits Rs. 1.25 crore with the Registry of the Hon'ble Court within one month.Furthermore, the court mandated that the...

IFB Agro Industries Reports Quarterly Results for Q1 FY2026; Standalone Revenue Reaches 52,071 Lakhs IFB Agro Industries Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported key performance indicators across both standalone and consolidated entities, highlighting revenue figures of 52,071 lakh in the current period.The financial statements provide a detailed view of operations, reflecting various segments within the business structure.Key Financial Highlights (Three Months Ended June 30, 2026) The company's performance for the three months ended June 30, 2026, is presented below:MetricCurrent Quarter (June 30, 2026)March 31, 2026June 30, 2025March 31, 2026Revenue from...

Balaji Amines Posts Results for Quarter Ended June 30, 2026; Reports include Standalone and Consolidated Performance Balaji Amines Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed, considered, and approved the outcomes, along with related auditor review reports, which detail the company's performance across both standalone and consolidated levels.The company also provided a detailed breakdown of its operations through segment reporting for the same period.Standalone Unaudited Financial Results The unaudited standalone financial results show key movements in revenue, expenses, and profit for the quarter ended June 30, 2026 (Q1 FY27).Key figures from the...