Markets

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%...

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...