Markets

Valuation Showdown: Domestic Funds Demand Massive Cut as Zepto IPO Faces Sticking Point Top domestic mutual funds and large insurers are creating significant friction over the valuation of quick commerce startup Zepto's proposed Initial Public Offering (IPO). Asset managers, who represent some of the largest investors in recent listings, have reportedly indicated that they would be hesitant to subscribe even if Zepto lowers its expectations further. This intense negotiation process is potentially complicating the near-term launch of the highly anticipated IPO.The Valuation Chasm: Funds Seek Lower Price PointZepto has offered to reduce its valuation expectation to approximately $4-5 billion. This figure is substantially lower than...

SES ESG Research Assigns Adjusted ESG Score of 71.7 to S.J.S. Enterprises Ltd SES ESG Research Pvt Ltd has assigned an Environmental, Social, and Governance (ESG) Score (Adjusted) of 71.7 for S.J.S. Enterprises Limited. The rating was provided by the SEBI registered Category-II ESG Ratings Provider and received by the company on July 25, 2026.The assessment reflects the Environmental, Social, and Governance performance standards as evaluated by SES ESG Research Pvt Ltd.Company DetailsMetricDetailCompany NameS.J.S. Enterprises LimitedRating ProviderSES ESG Research Pvt LtdESG Score (Adjusted)71.7Date of Report ReceiptJuly 25, 2026SJS Stock Price Movement S.J.S. Enterprises Limited rallied strongly on Friday...

Ministry of Petroleum and Natural Gas grants No Objection for Vedanta Oil and Gas Ltd's DemergerVedanta Oil and Gas Limited, formerly known as Malco Energy Limited, has received approval from the Ministry of Petroleum and Natural Gas (MoPNG), Government of India, regarding the assignment of participating interests and operatorship following a Scheme of Arrangement. This decision relates to oil and gas blocks transferred during the demerger process involving Vedanta Limited, Vedanta Aluminium Metal Limited and Talwandi Sabo Power Limited, and Vedanta Iron and Steel Limited.The Scheme of Arrangement became effective on May 1, 2026. MoPNG's "no-objection" was conveyed in relation to this transfer, which involved the demerger of the Oil...

P S Raj Steels Limited Updates Key Managerial Personnel Following Secretary Resignation P S Raj Steels Limited has announced a change in its management structure, following the resignation of Mr. Manish Kumar from the role of Company Secretary and Compliance Officer. The update pertains to the determination of material events and disclosures for the company.The resignation of Mr. Manish Kumar was effective from July 25, 2026. As part of this organizational change, P S Raj Steels Limited has provided an updated list of Key Managerial Personnel (KMP) responsible for assessing materiality and making necessary disclosures. This revised KMP structure is effective as of July 26, 2026.The company’s management team includes the following...

Transworld Shipping Lines Sells Vessel M.V. SSL Visakhapatnam for US$ 3,080,300.30 Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has executed a Memorandum of Agreement (MOA) for the sale of one vessel, M.V. SSL Visakhapatnam. The agreement was finalized on July 26, 2026.The company entered into the MOA with Last Voyage DMCC or their guaranteed nominee. The purpose of this transaction is the sale of the vessel, which Transworld Shipping Lines Limited owns. The agreed consideration for the asset is US$ 3,080,300.30.The terms related to the agreement were structured such that certain provisions would apply upon Delivery of the Vessel. The company confirmed that neither party holds a shareholding...

Associated Alcohols reports Q1FY27 results amid strong proprietary brand growth and market expansion Associated Alcohols & Breweries Limited (AABL) reported its financial performance for the first quarter of fiscal year 2027, highlighting robust momentum in its IMFL Proprietary segment while addressing declines in the ethanol business. The company continues to leverage its integrated manufacturing model as it aggressively pursues a Pan-India presence and expands its premium spirits portfolio.The company recorded Net Revenue of Rs 2,809 million for the quarter, marking a 5% year-on-year increase. Gross Profit stood at Rs 1,029 million, while EBITDA reached Rs 299 million, reflecting an 11% margin. Profit After Tax (PAT) was Rs 178...

Karnika Industries Acquires 40% Stake in Elementa Lifespaces for Real Estate VentureKarnika Industries Limited has undertaken a strategic investment, subscribing to a 40% equity shareholding in Elementa Lifespaces Private Limited. This acquisition positions Karnika Industries within the Real Estate Sector through its venture into the domain.Elementa Lifespaces, which was incorporated on July 24, 2026 under the Companies Act, 2013, is the target entity acquired by the Kolkata-based company. The transaction involves a cash consideration for the purchase of shares in Elementa.The details of the proposed transaction are summarized below:ParticularsDetailsTarget Entity NameElementa Lifespaces Private Limited (Elementa)...

Neogen Chemicals Reports Robust Q1 FY27 Results; Revenue Up 34% YoY as Battery Materials Push Gains Neogen Chemicals Limited reported a strong financial performance for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026. The company posted consolidated revenue of INR 250 crore, marking a 34% increase year-on-year. Profit after tax (PAT) reached INR 17 crore, reflecting a substantial rise of 67% compared to the previous year period.The robust performance was achieved despite navigating global headwinds and managing the temporary shutdown of the Dahej plant, bolstered by efficient operations across its toll manufacturing sites. The expansion in product lines drove revenue growth, with the Organolithium Portfolio...

Sigachi Industries Postpones Board Meeting Scheduled for July 27 Sigachi Industries Ltd has announced the postponement of its Board Meeting that was scheduled for Monday, July 27, 2026. The meeting was slated to review and approve the Standalone and Consolidated unaudited financial results for the quarter ended June 30, 2026.Due to unavoidable circumstances, the Company determined that it needed to postpone the Board Meeting. Sigachi Industries stated that it will inform the Stock Exchanges regarding the revised date of the meeting in due course.The company confirmed that the closure of the Trading Window, which was previously intimated to the Stock Exchanges, will remain closed until 48 hours after the announcement of the unaudited...

Zen Technologies Unveils India's First High-Altitude Man-Portable Anti-Drone System On July 26, 2026, Zen Technologies Limited unveiled its High-Altitude Man-Portable Anti-Drone System (MPADS). The launch was conducted on the occasion of Kargil Vijay Diwas and addresses the critical challenge of growing drone usage across high-altitude battlefields. This indigenous, lightweight counter-UAS solution is designed to protect military personnel operating in mountainous and remote terrains.The MPADS is a compact, mission ready system engineered for rapid deployment in difficult terrain where traditional vehicle mounted systems are impractical. It integrates advanced RF detection, intelligent data fusion, and omni directional jamming into...

Banking and Auto Sector Updates: IDFC First Bank Boosts Profit, Honda Launches Premium SUV ZR-V IDFC First Bank doubles Q1 net profit; Board approves plan to raise up to ₹30,000 crore IDFC FIRST BANK reported a significant rise in its fiscal first quarter net profit, attributed to strong growth in net interest income (NII) and reduced provisions. The private sector lender's net profit jumped 132.4%, reaching ₹1,075 crore, compared to the same quarter last year.The bank’s operating profit rose by 14% year-on-year, standing at ₹2,553 crore in the June quarter. Provisions decreased to ₹1,144 crore from ₹1,659 crore in the preceding year's quarter. Asset quality also improved, with gross non-performing assets (NPAs) reported at 1.51%...

Whirlpool of India Announces Changes in Senior Management Personnel Whirlpool of India Ltd. has announced changes within its senior management team, effective July 27, 2026. The updates include key personnel movements and appointments regarding financial planning and commercial finance roles within the company.The Board of Directors approved these changes, which involve Mr. Abhish Jain taking on a new leadership role, while Ms. Charu Aggarwal transitions into a specialized function. Both individuals will continue to report to Mr. Aditya Jain, Executive Director and CFO of Whirlpool of India Limited.Mr. Abhish Jain has been appointed as the Head of Financial Planning and Analysis (FP&A). He is a member of the Institute of Chartered...

Subsidiary Faces Drug License Suspension in Karnataka; Potential Revenue Loss Estimated at Rs 0.29 lacs Medplus Health Services Limited has reported an order received by its subsidiary concerning the suspension of a Drug License for a store located in Karnataka.The action was taken against Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited. The Authority that passed the order is the Assistant Director of Drugs Control Administration, Vijayapura Circle, Vijayapura, Karnataka.Details regarding the operational disruption and financial impact are as follows:Authority NameAction TakenDate of ReceiptViolation BasisFinancial ImpactAssistant Director, Drugs Control Administration, Vijayapura...

VIDA Marks Global Debut with Entry into Nepal Through Local Partnership VIDA, the electric mobility brand powered by Hero MotoCorp, has officially debuted globally in Nepal. This international market entry involves a strategic distributor partnership with CG Motors (Chaudhary Group), a prominent entity within Nepal’s business sector that manages a network exceeding 160 companies and 123 brands worldwide.The introduction of VIDA into the Nepalese market brings two specific ranges: the VIDA VX2 EVOOTER portfolio for daily commuters, and the VIDA DIRT.E K3 youth off-roader, catering to the diverse lifestyle needs of Nepali riders.The launch aligns with Nepal’s growing focus on sustainable mobility. Chief Business Officer of the...

Waaree Renewable Technologies Secures Letters of Award for 800 MWac Solar PV Projects Waaree Renewable Technologies Limited has received two Letters of Award (LOA) for the Engineering, Procurement, and Construction (EPC) works of ground-mounted Solar PV plants. The contracts aggregate a total capacity of 800 MWac / 1,082 MWp.The company secured these commercial orders from one of India's leading Renewable Energy companies.Waaree has received the LOAs for two distinct projects: a plant rated at 400 MWac / 530 MWp and another plant rated at 400 MWac / 552 MWp. The total capacity across both plants amounts to 800 MWac / 1,082 MWp.The contracts involve the EPC of ground-mounted Solar PV projects and are designated as commercial orders...

RNIT AI Solutions Ltd to Hold Board Meeting for Q2 Financial Results Review RNIT AI Solutions Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026.The Board meeting is set to take place on Wednesday, July 29, 2026. The meeting will be held at Plot No. 92, 93 & 94 of Kavuri Hills in Madhapur, Hyderabad.Key agenda items for the board include reviewing and approving the Unaudited Financial Results of the company for the specified quarter. The directors are also expected to consider any other business with the permission of the Chair.Trading Window Remains Closed In addition to the corporate governance update, the company has confirmed the...

Savera Industries Ltd Schedules Board Meeting to Review Un-Audited Financial Results for Quarter Ended June 30, 2026 Savera Industries Limited has announced a meeting of its Board of Directors to consider several key matters related to the company's performance.The Board Meeting is scheduled to be convened on Saturday, August 08, 2026, at 03:30 p.m. The meeting will take place at the registered office of the Company.A primary agenda item for the Directors includes the consideration and review of the Un-Audited Financial Results pertaining to the quarter that ended on June 30, 2026.Stock Price Movement Savera Industries Ltd settled at ₹161.90 on Friday, declining 2.94% as the stock finished the day lower. The shares moved within a...

Indian Equities Brace for Turbulence as Global Uncertainty Sends Brent Crude Above $100 The broader equity market showed resilience amid heightened global uncertainty, outperforming benchmark indices despite significant losses recorded in major indices. The market saw mixed Q1 earnings reports from India Inc., buffering some of the pressure created by escalating geopolitical tensions and surging crude oil prices. This divergence highlights the strength of stock-specific buying amidst sector-wide weakness.Benchmark Index Performance Amid Global Turmoil The BSE Sensex closed at 76,059.77, declining by 2,091.68 points, or 2.67 percent. The Nifty 50 also shed significantly, finishing at 23,767.45 after a drop of 566.85 points, which...

GE Vernova T&D India Completes Tenure of Independent Director Ms. Neera Saggi GE Vernova T&D India Limited, formerly known as GE T&D India Limited, has reported the completion of tenure for one of its Independent Directors.The company announced that Ms. Neera Saggi completed her second and final term as an Independent Director on July 25, 2026. Consequently, she ceased to be the Independent Director of the Company effective from July 26, 2026.Ms. Saggi's departure is noted as the completion of her mandated tenure. The details concerning this change in directorship are summarized below:ParticularsDetailsReason for ChangeCompletion of tenure as an Independent Director.Date of CessationMs. Neera Saggi completed her second and...

Gold's Long-Term Thesis Intact: Why Structural Demand Signals a Major Rally Is Brewing Financial markets frequently test the conviction of investors. When an asset experiences a sharp correction following a significant rally, the immediate narrative often swings from optimism to skepticism. This is currently happening with gold. After retreating from its January highs, the commodity has spent recent weeks consolidating rather than extending its decline. While some see this subdued price action as the end of the bull run, history suggests that robust bull markets take periods of pause and digestion before building momentum for the next substantial move.Technical Signals Suggest Fading Selling Pressure The technical landscape is...