Markets

Highway Infrastructure Limited Secures Contract for Kozhinjipatti Fee Plaza Operation by NHAI Highway Infrastructure Limited has signed a significant Contract Agreement with the National Highways Authority of India (NHAI) for the operation and maintenance of the Kozhinjipatti Fee Plaza. The agreement concerns the Dindigul-Samayanallur section of NH-44 (Old NH7) in Tamil Nadu.The contract award was formalized on July 27, 2026. This agreement follows the company's receipt of a Letter of Acceptance (LOA) for the operation at Kozhinjipatti Fee Plaza, located at Km 392+921.As part of this engagement, Highway Infrastructure Limited will be responsible for collecting user fees and maintaining adjacent Toilet blocks along the specified...

Nimbus Projects Limited Avails Term Loan Facility of Up To Rs 40 Crore from ICICI Bank Nimbus Projects Limited has secured a term loan facility of up to Rupees 40 Crore from ICICI Bank Limited to support its ongoing projects and manage existing debt obligations. The company’s Board of Directors approved the terms for availing this facility, which is supported by collateralizing key aspects of one of its projects located in Greater Noida.The financing arrangement involves a term loan facility of up to Rs 40 Crore from ICICI Bank Limited, operationalized over 36 months at an interest rate of 10.10% per annum. The credit arrangement letter was dated July 20, 2026.According to the details provided, the purpose of this loan facility is...

Vivid Electromech Completes Key Appointments and Reviews Financials at Board Meeting Vivid Electromech Limited approved significant personnel changes following its Board of Directors meeting on July 27, 2026. The board addressed director remuneration revisions, noted several key management resignations, and confirmed the appointment of new officers to manage the company's secretarial and finance functions.The directors reviewed and approved the Company’s report for the financial year ended March 31, 2026. Furthermore, the Board reviewed a proposal allowing for a reallocation of ₹900.00 lakhs from the objective "Funding the Capital Expenditure Requirements towards setting up of a New Manufacturing Unit" to "To meet Working Capital...

Tata Chemicals Announces Q1 Results: Consolidate Profitability and Operational Updates Tata Chemicals Limited announced that its Board of Directors approved the unaudited consolidated and audited standalone financial results for the quarter ended June 30, 2026. These results detail the Group's performance across various operational segments and provide insights into the company's financial standing as per the filings.The Company provided comprehensive data reflecting both the consolidated performance of the entire group and the standalone results of Tata Chemicals Limited for the quarter.Consolidated Financial Performance (Quarter ended June 30, 2026) For the quarter ending June 30, 2026, the Group reported a Total income of 4,311...

RBI Slams Jilla Sahakari Kendriya Bank with ₹1 Lakh Penalty Over Unclaimed Funds Compliance Breach Reserve Bank Imposes Monetary Fine on Shajapur Branch for Statutory Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on the Jilla Sahakari Kendriya Bank Maryadit, Shajapur, Madhya Pradesh. The penalty, issued under an order dated July 21, 2026, targets the bank's contravention of the Banking Regulation Act, 1949 (BR Act).This action is being taken in exercise of powers granted to the RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act. The imposition highlights the regulator's commitment to enforcing compliance standards across all banking institutions.Details of the...

Nimbus Projects Limited Converts Partnership Firm into Private Limited Subsidiary Nimbus Projects Limited has approved the conversion of a key partnership firm, IITL-Nimbus, The Palm Village, into a private limited company. The move establishes IITL Nimbus The Palm Village Private Limited as a dedicated subsidiary within the Real Estate Industry.The decision, formalized by the Company's Board of Directors, involves transitioning the existing partnership entity into a formal corporate structure under Indian law. This transformation aims to streamline the operational structure for real estate development and consultancy projects.Nimbus Projects Limited (NPL) will take control of the newly incorporated company. The proposed subsidiary...

Nimbus Projects Limited Approves Conversion of Partnership Firm into Private Subsidiary Nimbus Projects Limited (NPL) announced that its Board of Directors approved the incorporation of a new subsidiary company, marking a significant step in the company’s real estate portfolio. The approval pertains to the conversion of the existing partnership firm, IITL-Nimbus, The Hyde Park Noida, into a private limited company named "IITL Nimbus The Hyde Park Private Limited."The decision was taken by the Board of Directors during a meeting held on July 27, 2026. This incorporation is subject to the completion of all statutory and regulatory formalities required for the transition from a partnership firm to a private limited entity.Details of...

Regulatory Shift: RBI Declares Cessation of 'Coöperatieve Rabobank U.A.' Banking Company Status The Reserve Bank of India (RBI) has officially announced a major regulatory change concerning Coöperatieve Rabobank U.A. The bank has ceased being categorized as a banking company under the provisions of the Banking Regulation Act, 1949. This notification signifies a formal shift in its operational classification within the Indian regulatory framework.Clarification on Regulatory Status Change The decision regarding Coöperatieve Rabobank U.A. was formalized by the RBI through Notification DOR.LIC.No.S2620/23.03.027/2026-27. This action specifically concerns the bank's status within the meaning of sub section (2) of Section 36 (A) of the...

Nimbus Projects Limited to Form Subsidiary Through Conversion of Partnership Firm Nimbus Projects Limited (NPL) has approved the incorporation of a new subsidiary company resulting from the conversion of a partnership firm into a private limited entity. The move aims to solidify the company's position in the real estate sector by establishing IITL Nimbus The Express Park View Private Limited.The decision was made by the Board of Directors of Nimbus Projects Limited during its meeting on July 27, 2026. Under the terms of this conversion, the partnership firm, IITL-Nimbus, The Express Park View—in which NPL holds a 95% capital contribution—is being transformed into a private limited company named "IITL Nimbus The Express Park View...

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...