Markets

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...

Bharat Electronics Records 25% Revenue Growth in Q1 FY26-27; Proposes Significant Increase in Authorized Share Capital Bharat Electronics Limited (BEL), a Government of India Enterprise and Ministry of Defence entity, announced strong performance for the first quarter of Fiscal Year 2026-27. The company reported a notable increase in revenue from operations and profit after tax during the quarter. BEL also detailed plans for increasing its authorized share capital, subject to shareholder approval at the upcoming Annual General Meeting (AGM).The results highlight robust growth across key operational metrics for the period ended June 30, 2026.Financial Highlights for Q1 FY26-27 Based on the press release provided by the company, here...

HDFC Bank Concludes Internal Review of MSRDC Arrangement, Imposes Penalties on Senior Employees HDFC Bank Limited has announced the conclusion of its internal review concerning the arrangement with Maharashtra State Road Development Corporation (MSRDC) related to deposit gathering in 2017 and 2021.The Board of Directors, following the findings and recommendations of a Special Disciplinary Committee of Independent Directors, made a determination regarding the conduct of employees involved in the MSRDC arrangement. The Bank determined that the employee conduct constituted business overreach rather than any malicious action, personal enrichment, or improper motive.In response to potential divergence with applicable RBI Directions, the...

Philogen Resubmits Updated Marketing Authorization Application for Nidlegy in Melanoma to EMA Siena, Italy (27 July 2026) A major update has been announced regarding Nidlegy™, the investigational product developed by Philogen S.p.A., as it is resubmitted to the European Medicines Agency (EMA). The updated Marketing Authorization Application (MAA) concerns approval for Nidlegy™ in the neoadjuvant treatment of adult patients with locally advanced, fully resectable melanoma.The submission follows previous communications from Philogen and incorporates significant updates based on clinical data from the randomized Phase III PIVOTAL study (NCT02938299). The updated dossier features a longer median patient follow-up period of 33 months...

Zaggle Signs Agreement with Daimler India for Fleet Partner Card Program Zaggle Prepaid Ocean Services Limited has entered into an agreement with Daimler India Commercial Vehicles Private Limited (DICV). The contract focuses on providing specific services related to fleet management and corporate credit facilities for DICV's partners.The partnership, finalized on July 27, 2026, mandates Zaggle to provide the Zatix & Corporate Credit Card Program to the Fleet partners of Daimler India Commercial Vehicles Private Limited. This agreement solidifies a relationship between the two companies, set for a period of three years.Details regarding the contract specify that it is a domestic agreement between two domestic entities. The commercial...

RR Kabel Delivers Strong Q1 FY27 Results; Revenue Jumps 54% YoY, EBITDA Doubles Mumbai, July 27th, 2026 - R R Kabel Ltd., a leading exporter of Wires and Cables and an emerging player in Fast Moving Electrical Goods (FMEG), has reported its unaudited financial results for the quarter ended June 30, 2026. The company recorded significant growth across its segments, highlighted by a substantial increase in revenue.Q1 FY27 Financial Highlights The company reported revenues from operations of Rs. 31,682 Million in Q1 FY27, marking a 54% rise year-on-year (YoY). The operational performance saw marked improvements across key metrics:Particulars (Rs. Mn.)Q1 FY27Q1 FY26Y-o-Y ChangeRevenues31,68220,58654%Operating EBITDA2,8531,43099%...

Kanpur Plastipack Limited Posts Quarterly Results; Total Income Reaches 20,892 Lacs as of June 30, 2026 Kanpur Plastipack Limited announced its Unaudited Financial Results for the quarter ended June 30, 2026. The company reported total income of ₹20,892.54 Lacs for the quarter, compared to ₹18,261.32 Lacs in the corresponding quarter of 2025.The results reflect the performance across the Group's operations, which include the Holding Company and its subsidiaries: Bright Choice Ventures Private Limited, Valex Ventures Ltd., and Kanplas Earning Solutions Private Limited.Financial Performance Snapshot (Consolidated) The financial data for the quarter ended June 30, 2026, shows a total revenue of ₹20,892.54 Lacs. This income was derived...

Senores Pharmaceuticals Achieves Strong Financial and Operational Performance in Q1 FY27 Senores Pharmaceuticals Limited has announced its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ended June 30, 2026. The company reported robust growth across its businesses, driven by expanding product portfolios and improved profitability.The company's consolidated revenue stood at ₹ 180 crore, representing a 36% year-on-year increase (Y-o-Y). EBITDA reached ₹ 54 crore, showing an 87% Y-o-Y rise. Net Profit After Tax (PAT) was reported at ₹ 31 crore, marking a 56% growth over the previous year.Q1 FY27 Segmental Performance Highlights The financial performance across various market segments is detailed below...

IRB Infrastructure Developers Limited Board Meeting Scheduled for July 30, 2026IRB Infrastructure Developers Limited has announced that its Board of Directors will hold a meeting on Thursday, July 30, 2026. The primary agenda items for the meeting include reviewing and recording the Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026.The board meeting is also scheduled to consider the declaration of an Interim Dividend for the financial year 2026-27, should any be declared by the Directors.In relation to the potential declaration of an Interim Dividend, the Record Date has been set as August 05, 2026. This date relates specifically to the purpose of receiving the dividend if it is approved...

Nelcast Reports Q1 FY27 Results, Noting Revenue Growth and Focus on New Product Ramp-Up Chennai: Nelcast Ltd, a leading manufacturer of Ductile and Grey Iron castings in India, announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported steady performance supported by healthy demand in key end markets, although profitability was impacted by rising input costs.The consolidated financial highlights show marginal growth in total revenue while EBITDA and PAT declined compared to the previous year's corresponding period.Consolidated Financial Performance Highlights (in Rs. Crores)ParticularsQ1 FY27Q1 FY26Year-over-Year ChangeTotal Revenue345.4336.02.8%EBITDA20.132.4(37.9)%EBITDA...

Thinking Hats Reschedules Theatrical Release of "OHH MY DOG" to August 7, 2026 Thinking Hats Entertainment Solutions Limited has announced a revision in the theatrical release date for its upcoming feature film, "OHH MY DOG." The company confirmed that the film's release, which was originally slated for July 31, 2026, has been postponed and rescheduled to August 7, 2026.The decision to revise the schedule is part of the Company's strategic planning concerning distribution and theatrical exhibition. According to the announcement, the makers determined that postponing the release would facilitate improved screen availability and strengthen the film's overall theatrical prospects.The postponement was made after noticing that a majority...

Jeena Sikho Lifecare Expands Portfolio with Launch of New Ayurvedic Pain Relief Patches Jeena Sikho Lifecare Limited has expanded its healthcare and wellness portfolio through the launch of several new pain relief products. These introductions strengthen the company's commitment to offering a diverse range of Ayurvedic pain relief products designed for external application.The newly launched items cater to various types and severity levels of muscle and joint discomfort, catering exclusively to the domestic market. The additions underscore the company's strategic move into specialized therapeutic patches within the wellness sector.On July 27, 2026, the company introduced four new products through its brand extension in pain...