Markets

Shein Plunges to Quarterly Loss as US Tariff Changes and Cost Pressures Weigh on Fast-Fashion Giant Ahead of IPO Shein, the global fast-fashion powerhouse, reported a $99 million loss in the first quarter of 2026. This significant setback comes amid increasing operational costs and shifting market dynamics, as revealed in its draft prospectus filed with the Hong Kong Stock Exchange ahead of its highly anticipated Initial Public Offering (IPO).The filing marks the first detailed public disclosure of Shein's financial performance to potential investors. While the company has demonstrated substantial annual revenue growth over the past three years, profitability remains under pressure. The Q1 loss was primarily attributed to a $328...

Kanpur Plastipack Reports Strong Start to FY27; Revenue Grows 14% YoY Amid Operational Milestones Kanpur, July 27, 2026: Kanpur Plastipack Ltd., an established industrial packaging company with over five decades of experience, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported robust growth across profitability metrics as it navigated global supply chain challenges and successfully commercialized strategic projects.The company's revenue saw a healthy increase, while Net Profit experienced significant double-digit growth.Financial Highlights (Standalone) The unaudited financial figures for the first quarter of FY27 show substantial increases in both topline and profitability compared...

Gravita India Limited Announces Q1 Results, Approves Closure of Gravita Metal Inc. Operations Gravita India Limited has released its unaudited financial results for the quarter ended June 30, 2026, and confirmed the closure of operations for its subsidiary, Gravita Metal Inc., following a decision made during the Board meeting held on July 27, 2026.The company's consolidated performance showed significant revenue from operations, while management cited operational efficiencies as the reason behind the divestment of the metal unit.Financial Highlights (Consolidated) Gravita India Limited reported the following financial metrics for the quarter ended June 30, 2026:MetricConsolidated Figures (Rs. In crores)Revenue from...

Indo-MIM IPO Surges Past 11X Subscription on Day Three; GMP Signals Near 39% Listing Boost Indo-MIM Ltd.'s initial public offering (IPO) continues to attract phenomenal investor interest, having been subscribed over 11 times as of the latest update on the third and final day of bidding. The robust demand reflects strong market sentiment surrounding the precision component manufacturer. With Non-Institutional Investors (NIIs) booking a massive 32.44 times, the IPO's success is largely driven by institutional participation.The company has set forth a comprehensive offering totaling ₹3,811.21 crore. This amount comprises a fresh issue of equity shares amounting to ₹499.10 crore and an Offer for Sale (OFS) valued at ₹3,311.21 crore by...

Massive Capital Inflow Drives SEBI Report: India's Equity Market Overtakes Key Peers Amid Global Tech-Energy Tug-of-War Primary Market Funding Sees Near 92 Percent Surge The total fund mobilization across equity, debt, and business trust segments surged to ₹1,38,548 crore in June 2026. This figure represents a substantial 92 per cent increase from the ₹72,075 crore raised in May 2026, reflecting a renewed corporate appetite for capital expansion.The debt segment remained dominant in resource mobilization, accounting for 74 per cent of total funds at ₹1,02,508 crore. Equity issues contributed ₹34,040 crore, further bolstered by a mobilization of ₹2,000 crore through InvITs. Private placement avenues were the primary driver of equity...

Caliber Mining Surges to New High as Stock Extends Massive Gains Post IPO Debut Caliber Mining and Logistics has hit a fresh high in the stock market, driven by strong investor confidence following its successful market debut. The shares climbed significantly during the trading session on Monday, extending the impressive gains that began after the company’s initial public offering (IPO).The stock reached Rs 624.40, representing a substantial rise and confirming robust demand for the integrated mining services provider. This peak sees the share price climb over 47 percent from the IPO price of Rs 424. The company's Initial Public Offering was initially priced within the range of Rs 402 to Rs 424 per share.Stock Performance and...

Indiamart Intermesh Subscribes to CCPS of Fleetx Technologies in Up to Rs 6.49 Crores Indiamart Intermesh Limited has committed to an investment in Fleetx Technologies Private Limited, subscribing to 4,630 Compulsory Convertible Preference Shares (CCPS) of the AI-powered logistics firm. The acquisition is set to bring Indiamart Intermesh into the Software as a Service Solution space.The company intends to invest up to Rs 64,98,76,060 for the subscription. This investment concerns the purchase of 4,630 CCPS with a face value of Rs 10/- per CCPS and a premium of Rs 1,40,352/- per CCPS.Upon completion of the transaction, Indiamart Intermesh Limited is expected to hold 25.80% of Fleetx’s share capital on a fully converted and diluted...

Vision Infra Equipment Solutions Limited Secures Work Order Valued at Rs 9.04 Crore Vision Infra Equipment Solutions Limited has secured a significant work order from an Indian company for specialized laying work, boosting its contract portfolio in the infrastructure sector. The order involves DBM/BC Laying work and CTB/WMM Laying and is valued at Rs 9,04,88,300/- inclusive of all taxes.The transaction pertains to a domestic entity awarding the contracts. As per the details provided, the scope covers the execution of these specific laying services. The order is expected to be executed as per agreed terms.The firm confirmed that there is no interest from the promoter or promoter group companies in the entity that awarded the work...

Poojaa Precision SME IPO Gears Up: Grey Market Premium Jumps 81% Ahead of Listing Date Poojaa Precision Engg. is poised to launch its Initial Public Offering (IPO) tomorrow, July 28. The company's shares are currently commanding a significant unlisted premium in the BSE SME issue, reflecting high investor interest prior to the market opening. This SME IPO aims to raise ₹159.83 crore through a fresh offering of 53,10,000 shares.The subscription period for this book-built issue spans from July 28 to July 30. The offer is entirely dedicated to raising capital and features a transparent price band fixed between Rs 285 and Rs 301 per share. All the necessary details regarding pricing, lot size, and future allotment timelines have been...

SAT Denies Immediate Stay to Suzlon Energy Against SEBI Penalty Over Financial Misreporting The Securities Appellate Tribunal (SAT) has declined granting immediate relief to Suzlon Energy regarding the penalty imposed by the market regulator, SEBI. The order, which amounts to approximately Rs 29 crore against the company and former executives including Vinod R Tanti, was initially issued for alleged financial misreporting.Suzlon sought an unconditional stay on the SEBI order, arguing that the matter was negatively affecting its relationships with credit rating agencies and bankers. However, SEBI countered this claim, emphasizing that the order imposed was purely a penalty and did not include any debarment or other restrictions against...

Precision Manufacturing Boom: Poojaa Engg. Launches SME IPO to Fuel EV Transition with Rs 301 Price Band Poojaa Precision Engg. Limited, a long-established player in precision engineering, has announced its SME Initial Public Offering (IPO). The public issue is slated for subscription starting July 28, 2026, signaling the company's push into accelerated growth. The IPO carries a price band of Rs 285 to Rs 301 per equity share.The listing is scheduled on August 4, 2026, at the BSE SME platform. At the upper end of the current price band, the company commands an estimated valuation of Rs 159.83 crore. Investors are advised that each lot consists of 400 equity shares, with a minimum subscription requirement set at two lots.Investment...

AI in TMT: Research Reveals High Confidence but Limited Business Impact Across Technology Sectors HCLTech has released a new research report from Economist Enterprise, detailing how Artificial Intelligence (AI) is reshaping competitive landscapes across the Telecommunications, Media, Semiconductor, and Technology (TMT) industries. The study highlights the significant divergence between executive optimism regarding AI and the measurable business impact generated by these investments.The research, which drew insights from over 200 C-suite executives in U.S. and European telecom, media, technology, and semiconductor organizations, indicates that AI is accelerating convergence across the TMT ecosystem. This trend is forcing companies to...

Gold Jewellery Firm Master Chains N Jewels Files IPO Papers, Eyes Rs 400 Crore to Fuel Growth Master Chains N Jewels Ltd., a key player in the organized gold jewelry sector, has filed its preliminary paperwork with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO). The move signals the company's intent to raise significant capital through the public markets. The proposed offering is structured as a mix of fresh equity issue and a promoter Offer for Sale (OFS).The IPO includes a fresh issuance of up to Rs 400 crore in equity shares. Additionally, there will be an OFS amounting to 59.06 lakh equity shares offered by the company’s founder, Taruna Madan Kothari. This strategic fundraising aims to...

Heritage Foods Limited acquires 20% equity of Peanutbutter and Jelly; gains 71% stake Heritage Foods Limited has completed the acquisition of an additional 20% equity share capital in Peanutbutter and Jelly Limited (PBJL). The acquisition, which was conducted from existing shareholders, resulted in PBJL becoming a 71% subsidiary of Heritage Foods Limited.The transaction reached completion on July 27, 2026, when the equity shares pertaining to the acquisition were duly credited to the Company's demat account. As of this date, Heritage Foods Limited holds the newly established controlling stake in PBJL.HERITGFOOD Stock Price Movement Shares of Heritage Foods Limited shed 2.51% in post-market trading today, settling at ₹327.20. The...

Avenue Supermarts Opens New Store in Udaipur, Rajasthan; Total Stores Reach 505 Avenue Supermarts Limited has expanded its retail network, announcing the opening of a new store located in Pratapnagar, Udaipur, Rajasthan. The expansion marks continued growth for the grocery and retail chain across India.As of this launch, Avenue Supermarts reported that the company operates a total of 505 stores.The introduction of the new outlet in Udaipur underscores the retailer's ongoing strategy of market penetration and operational growth.DMART Stock Price Movement Today, Avenue Supermarts Limited saw its shares settle at ₹4027.70 after closing marginally higher by ₹0.20 in post-market trading. The stock finished the day with a total traded...

HUDCO Declares Interim Dividend, Reports Q1 Results: Profit Reaches ₹851 Crore Amidst Operations and Debt Management Housing and Urban Development Corporation Limited (HUDCO) announced its unaudited financial results for the quarter ended June 30, 2026, and approved the first interim dividend for the Financial Year 2026-27. The company reported a substantial profit from operations, maintaining a strong net worth as it manages increasing funds raised through debt securities.The Board of Directors declared the 1st Interim Dividend amounting to Rs. 1.25/- per equity share (or 12.50% subject to TDS) on the face value of Rs. 10/- each for FY 2026-27, setting July 31, 2026, as the record date for shareholder eligibility.Q1 Financial...

Wipro and Databricks Enhance Partnership to Drive Enterprise Data Modernization and Scalable AI Adoption Wipro Limited, a leading AI-powered technology services and consulting company, has announced an enhanced partnership with Databricks, the Data and AI company. The collaboration aims to enable enterprises to accelerate their data modernization efforts and achieve scaled AI adoption across various industries by setting up a specialized business practice.The focused initiative is designed to move clients beyond fragmented data foundations and isolated AI pilot projects toward governed, enterprise-scale AI implementations. This partnership allows Wipro and Databricks to leverage existing data investments while developing new AI-led...

Raj Oil Mills Approved Name Change and Allots Equity Shares and Warrants The Board of Directors of Raj Oil Mills Limited approved significant corporate changes, including a potential name change and the allotment of equity shares and warrants through preferential offers.The Company reviewed and sanctioned the change of its name from 'Raj Oil Mills Limited' to 'Raj Industries Limited'. This proposed change remains subject to approval by members in a general meeting and subsequent amendments to the Memorandum and Articles of Association, following approval by the Central Registration Centre (CRC) of the Ministry of Corporate Affairs.Preferential Allotment Details The Board of Directors also approved the allotment of equity shares and...

Nitco Limited Pays Environmental Compensation After Violation of Standards Nitco Limited has successfully settled a fine imposed by the Pollution Control Committee, Dadra & Nagar Haveli and Daman & Diu regarding alleged non-compliance with environmental standards. The company paid an Environmental Compensation totaling ₹ 14,25,000/- for the violation.The order required Nitco Limited to pay the compensation amount following a review by the Pollution Control Committee. This financial obligation was fulfilled by the company on April 28, 2026.The committee directed the payment of the Environmental Compensation after the alleged non-compliance with environmental standards. The details concerning the directive and compliance actions are...

BKM Industries Limited Reports Consolidated Unaudited Financial Results for Quarter Ended June 30, 2026 Bkm Industries Limited has released its consolidated unaudited financial results for the quarter ended June 30, 2026. The results include figures from the company and its subsidiaries, including Euroasian Ventures FZE.The Statement of Consolidated Unaudited Financial Results details the performance across various metrics for Qended 30/06/2026, the preceding three months ended 31/03/2026, and the corresponding three months ended on June 30, 2025. All figures are presented in Rupees (Rs) in Lakhs.Financial Performance SummaryThe table below provides a detailed comparison of income and expense metrics for the respective periods...