Markets

Kalind Ltd Announces Bonus Share Allotment: Company Capital Increases Following Board Approval Kalind Ltd has announced a significant increase in its paid-up share capital following the approval and allotment of bonus equity shares. The company determined that 30,47,25,000 new equity shares would be issued under a ratio of 1:2 to eligible members.The decision was made by the Board of Directors during its meeting held on July 27, 2026. These bonus shares were allotted to members whose names appeared in the Register of Members as of the stipulated Record Date, July 24, 2026. Each bonus equity share carries a face value of ₹ 2/- (Rupees Two Only).The allotment will result in the issuance of these new equity shares to eligible...

Indo-MIM IPO Breaks Barrier: Stock Subscribed Over 4X on Final Day Amid Massive Premium Hype The precision engineering giant, Indo-MIM, continued its robust run on the final day of bidding, with its Initial Public Offering (IPO) surpassing the four times subscription mark as reported by the National Stock Exchange. The strong demand highlights investor confidence in the company's specialized technology and future growth trajectory.IPO Subscription Details Reveal Strong Investor Demand As of 10:09 am on July 27, Indo-MIM saw a total offering of 5,50,93,201 shares receive bids from 23,02,82,130 participants. This translates to an impressive subscription ratio of 4.18 times.Investor categories showed varied levels of enthusiasm. The...

Jai Corp Limited Transfers Unclaimed Shares to IEPF; Shareholders Urged to Claim Dividends Jai Corp Limited has initiated the transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) in compliance with regulations governing unpaid or unclaimed dividends. This action follows corporate requirements concerning shareholders who have not claimed due dividends for specified financial years.The company confirmed that it has transferred all shares—both physical and dematerialized—for which dividends declared for the financial year 2017-18 or earlier remained unclaimed for seven years or more consecutively. These transfers are mandated under relevant rules concerning the transfer of such unclaimed shares to the...

Gold Jewellery Maker Master Chains Files ₹400 Crore IPO: Profit Surges 162% Amid Manufacturing Expansion Needs Investor Attention Turns to Master Chains N Jewels' Upcoming Public Offering Mumbai-based gold jewellery manufacturer, Master Chains N Jewels, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The filing reveals plans for a significant Initial Public Offering (IPO) aimed at raising fresh capital amounting to up to ₹400 crore.This move signals the company's ambition to scale operations within the organized gold jewellery manufacturing sector. Master Chains N Jewels operates extensively in wholesale distribution, selling its products directly to other retailers and...

LTM and Cognition Partner to Launch BlueVerse RightLogic, Targeting Cyber Risk in Financial Services LTM, a global technology services company, has announced a strategic partnership with Cognition, the AI lab behind the software engineering agent Devin. This collaboration results in the introduction of BlueVerse TM RightLogic, a framework designed to enhance cybersecurity assessment and risk assurance for enterprises navigating accelerated AI adoption. The companies will initially focus this solution on the financial services sector, leveraging their combined expertise.BlueVerse RightLogic is engineered to address the increasing gap between innovation and cyber risk visibility faced by many financial institutions. The framework...

Ratnaveer Precision Engineering Reports Strong Q1 FY27 Results Amid Electronics Entry into Copper Clad Laminate Ratnaveer Precision Engineering Ltd, a leading exporter of stainless-steel washers and precision fasteners with over 25 years of experience in India, reported solid consolidated results for Q1 FY27. The company continues its journey of growth and diversification, leveraging five integrated manufacturing facilities across its operations while making significant inroads into the electronics-grade materials market through its Copper Clad Laminate (CCL) project.Founded in Vadodara, Gujarat, in 2000 by Mr. Vijay R Sanghavi, Ratnaveer has established itself as India's number one exporter of stainless-steel washers, supplying...

Hindustan Zinc Stock Surges Amid 145% Profit Explosion; Brokerage Puts Price Targets on Table Shares of Hindustan Zinc climbed 2% to reach a high of ₹541 on the BSE on Monday. This rally comes after the Vedanta Group company reported a massive 145% year-on-year (YoY) surge in net profit, booking ₹5,469 crore for the first quarter of FY27.The results showcase robust operational efficiency and strong market pricing power within the metals sector. Following the release on Friday, multiple brokerages have reiterated ‘Buy’ calls, underscoring confidence in the metal major’s future trajectory.Financial Highlights and Operational GainsHindustan Zinc reported significant growth across key metrics for the April-June quarter of FY27...

Global Tensions Easing Ignite Market Surge: Sensex Rises, Driven by Oil Price Crash and Index Breakout The benchmark stock indices reversed a period of decline, trading significantly higher on Monday. The market surge followed five consecutive sessions where volatility persisted in Indian equities. This positive shift was substantially supported by the calming of geopolitical tensions between the United States and Iran over the weekend.At 9:30 a.m., the Sensex stood at 76,638.71, marking a gain of 578.94 points or 0.76 percent. The Nifty also showed strength, climbing to 23,944.15, which represented an increase of 176.70 points or 0.74 percent.Crude Oil Plunge Provides Inflation Relief for India A primary driver behind the market's...

Vipin Sharma and Pradeep Kumar Appointed Executive Directors as Elitecon International Focuses on Revival Elitecon International Limited (EIL) has bolstered its board with the appointment of Shri Vipin Sharma and Shri Pradeep Kumar as Executive Additional Directors, effective July 22, 2026. The appointments were made following a Board meeting held on July 22, 2026, as the company moves forward with its revival agenda amid the resumption of banking operations.The appointment of Vipin Sharma marks his return to EIL's leadership, coinciding with the commencement of banking operations. A promoter and second-generation entrepreneur, Shri Sharma has dedicated over three decades to highly regulated industries in India. His professional...

Ratnaveer Precision Engineering Reports Strong Q1 FY27 Results; Revenue Rises 18.9% YoY to ₹314.6 Crore Vadodara, India – Ratnaveer Precision Engineering Limited, a leading manufacturer and exporter of stainless steel products, announced its financial results for the First Quarter (Q1) of Fiscal Year 2027 (FY27), which ended June 30, 2026. The company reported robust performance, achieving revenue from operations of ₹314.64 crore and a significant increase in Profit After Tax (PAT).The results showed steady operational strength across the quarter. Revenue from operations grew by 18.9% year-on-year (YoY), corresponding to a 26.4% sequential growth (QoQ). EBITDA rose sharply by 31.7% YoY, reaching ₹35.98 crore, resulting in an EBITDA...

UltraTech Cement Eyes Massive ₹50 Billion Bond Raise Ahead of RBI Policy Decision Aggressive Debt Financing Planned for India's Largest Cement Producer UltraTech Cement, India's largest cement producer by capacity, is actively engaging with merchant bankers and arrangers to secure what is poised to be its biggest rupee bond funding. This move comes as the company prepares to tap debt markets in advance of the Reserve Bank of India's monetary policy decision next week.The talks surrounding this substantial capital raise are currently private, though sources familiar with the matter confirmed that UltraTech plans to issue bonds totaling ₹50 billion. These instruments will mature across two-and-a-half years, three-and-a-half years, and...

Rupee Surges as Geopolitical Tensions Ease: Local Currency Gains Most Since May After Brent Crude Plummets The Rupie's Comeback and Current Trading Levels The Indian rupee experienced a significant rally on July 27, logging its biggest gain since May. It opened 41 paise higher, trading at Rs 96.15 per dollar. This marked an improvement from the previous session, when it was valued at Rs 96.56 per dollar.The local currency's strengthening is directly linked to the easing of geopolitical tensions between the United States and Iran. The agreement by both nations to pause military strikes has helped stabilize global markets.Brent Crude Plummets Following Ceasefire Talks Brent crude prices saw a substantial decline, falling nearly 4...

EIM Partners with HPCL to Deploy Charging and Battery Swapping Hubs Across India Energy In Motion Limited (EIM) has partnered with Hindustan Petroleum Corporation Limited (HPCL) to establish and operate fast charging and battery swapping infrastructure designed specifically for heavy commercial vehicles across HPCL's nationwide retail network. This collaboration aims to address the needs of electric vehicle operators by ensuring reliable availability along key freight corridors in India.HPCL operates a vast network of over 25,000 retail outlets situated on major highways and expressways throughout the country. Under the agreement, EIM will deploy charging and battery swapping facilities at these selected HPCL sites in a phased rollout...

Rail Tech Powerhouse MV Electrosystems Fixes IPO Price Band as it Aims for Massive Market Debut Haryana-based MV Electrosystems has finalized the price band for its Initial Public Offering (IPO). The company, a key manufacturer of specialized electrical equipment for railway rolling stock, set the share pricing between Rs 400 and Rs 425 per share.The IPO is scheduled to open for subscription on July 30, with anchor investor bidding slated to commence on July 29. The issue will conclude its subscription period on August 3, providing investors a clear timeline for participation in the tech sector giant.Valuation and Offering Details At the upper end of the established price band (Rs 425), MV Electrosystems is estimated to command a...

FCNR(B) Deposits Set to Surge Past 2013 Record; Forex Inflows Projected at $80-$85 Billion as RBI Measures Take Effect SBI Research indicates that Foreign Currency Non-Resident (Bank) deposit mobilisation may have already surpassed the total amount raised during the 2013 special deposit scheme in a remarkably short timeframe. The expectation is that current RBI measures will drive total forex inflows to reach $80-$85 billion, signalling strong market response to foreign currency instruments.As reported by the Reserve Bank of India, total inflows stood at approximately $20.7 billion up to July 17. A significant portion of this inflow came through FCNR(B) deposits, which accounted for $17.4 billion.FCNR(B) Deposits Expected to Hit...

Lohia Corp IPO Plateaus as GMP Holds at 2%; Subscription Status Reaches Two-Thirds The three-day run for the initial public offering (IPO) of Lohia Corp, a manufacturer in the technical textile machinery space, saw moderate investor interest persist. Whilethe grey market premium (GMP) remained relatively subdued, standing steady at around 2%, it signals a mostly flat performance on the secondary unofficial market. This indicates investors are cautiously assessing the listing potential despite significant company operations and financial health.Subscription Status and Grey Market Dynamics The IPO reached a subscription status of 59% by the end of Day 2, against its total offer size of 1.43 crore shares. Retail Individual Investors...

Renewable Powerhouse Juniper Green Energy Sets IPO Price Band as It Aims for Market Dominance Juniper Green Energy Ltd, a prominent independent power producer in the renewable energy sector, has officially fixed the price band for its initial public offering (IPO). The issue carries a total size of Rs 1,800 crore, with the shares priced at Rs 214 to Rs 225 per share. This move positions the Gurugram-based company among India’s top ten renewable IPPs.Anchor investor bidding for the IPO is scheduled to commence on July 29, leading up to the general subscription opening slated for July 30. The offering will close on August 3, with the listing of Juniper Green Energy shares anticipated on August 6th across stock exchanges.Key Details...

AU Small Finance Bank's Profit Surges 37% as Net Interest Income Jumps, Signaling Strong Operational Momentum AU Small Finance Bank is set to be a key stock focus following its release of robust Q1 results for the April-June quarter. The private lending institution reported a significant 37% year-on-year rise in net profit, which reached ₹ 796 crore compared to ₹ 581 crore in the corresponding period last year.The bank's performance was driven by its steady growth in core banking metrics. Net interest income (NII) jumped 31.8% YoY, climbing to ₹ 2,695.5 crore from ₹ 2,044.7 crore, as stated in the regulatory filing. This strong operational improvement underscores the institution's widening net interest margin.Financial Highlights...

Oil Plummets Over 5% as Middle East Tensions Ease; Gold Surges Amid Inflation Easing Fears Commodity markets displayed a sharply divergent trend on July 27, driven primarily by an abatement in regional geopolitical risk. Crude oil prices saw a significant decline after a pause in hostilities around the Strait of Hormuz. Conversely, precious metals surged as reduced energy inflation concerns boosted sentiment for safe-haven assets like gold and silver.Crude Oil Plunges Amid De-escalation in Global Hotspots The cessation of active hostilities in the crucial waterway triggered an immediate correction in oil prices. Brent crude fell 5.2% to settle at $91.73 a barrel. U.S. WTI crude also dropped sharply, falling 5.4% to trade at $84.45 per...

Western Overseas Study Abroad Limited Recognized at Amar Ujala Medhavi Samman Samaroh 2026Western Overseas Study Abroad Limited participated in the prestigious Amar Ujala Medhavi Samman Samaroh 2026, an event organized by Amar Ujala aimed at recognizing and felicitating meritorious students from Haryana. The event took place on July 23, 2026, in Rohtak, Haryana.The ceremony was attended by over 800 individuals, including more than 400 student toppers, their parents, academicians, and other distinguished dignitaries. The function featured the presence of Shri Nayab Singh Saini, the Hon'ble Chief Minister of Haryana, who graced the event as the Chief Guest.Highlighting the company's commitment to educational excellence, Mr. Pardeep...