Markets

Rupee Surges as Oil Softness and Global Stability Reduces Supply Fears The Indian rupee strengthened on Tuesday, appreciating 48 paise against the US dollar and settling provisionally at 94.95. This rally was primarily driven by improved global risk sentiments and reduced supply uncertainty in critical shipping routes.Foreign Exchange Market Gains Momentum The interbank foreign exchange market saw the rupee trade within a range of 94.94 to 95.37 during intraday trading, having opened at 95.33. The movement provided relief after the currency depreciated by 25 paise to close at 95.43 on Monday.Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, noted that the rupee benefited from both improved global risk sentiments and a...

NPS Investment Options Surge: Government Offers Aggressive and Balanced Funds to Central Autonomous Body Employees The Government of India has significantly expanded pension planning options for employees in Central Autonomous Bodies (CABs). Two crucial investment choices under the National Pension System (NPS) have now been extended, offering a wider spectrum of investment flexibility. This move aims to ensure that all eligible subscribers can align their retirement savings with their individual risk appetite and long-term financial goals.Government Extends Crucial NPS Flexibility to CAB Employees The extension is formalized through an Office Memorandum issued by the Department of Expenditure, Ministry of Finance. Previously...

Rajshree Sugars & Chemicals Reports Operational Metrics for June 2026 Across Multiple Units Rajshree Sugars & Chemicals Limited has provided operational data detailing the performance of its sugar factories across various units for the month of June 2026. The data covers production, sales, molasses management, and cogeneration activities across Unit I, Unit II, and Unit III within Coimbatore.Operational Highlights by Unit The company's operations include three distinct manufacturing sites: Unit I in Varadarajnagar, Unit II in Mundiyampakkam, and Unit III in Semmedu Village. The operational metrics reflect the progress of the sugar season for 2025-26 compared to the previous period, where available.Sugar Operations (MTs) The...

Ekam Leasing Fixes Record Date for Shareholders' Voting in Proposed Scheme of Amalgamation Ekam Leasing & Finance Company Ltd has set a key date for its equity shareholders to participate in the upcoming NCLT-directed Meeting concerning a proposed Scheme of Amalgamation. The company has designated the specific record cut-off date and provided details regarding the remote e-voting process for all eligible members.The Record Date, which determines the eligibility of Equity Shareholders to participate and cast their votes during the NCLT-directed Meeting, is set for Friday, July 17, 2026.Ekam Leasing has engaged National Securities Depository Limited (NSDL) to manage the facility, facilitating members' participation in both the...

Honeywell Automation India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Honeywell Automation India Limited (HAIL), an integrated provider of automation, industrial software, and sustainability solutions, has released its comprehensive Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company’s commitment to environmental, social, and governance (ESG) goals while supporting clients in achieving their own sustainability objectives through innovative technology deployment.The BRSR outlines HAIL's operational status across various segments, including workforce composition, supply chain management, and environmental performance metrics...

Max Heights Infrastucture Ltd Appoints Ms. Konica Arora as Additional Independent Director Max Heights Infrastucture Ltd has appointed Ms. Konica Arora as an Additional Independent Director of its Board. The company also confirmed the resignation of Mr. Manoj Kumar Pahwa from his position as Independent Director, and detailed the re-constitution of various Board committees following these changes.The appointment of Ms. Konica Arora was finalized by the Board of Directors during a meeting held on July 7, 2026. She is appointed to hold the office up until the date of the ensuing general meeting of the company.Ms. Arora's professional profile includes being a Practicing Chartered Accountant and the proprietor of her own firm. With...

Surge in Rail Tech Stocks: IC Electricals IPO Closes at Massive 390x Subscription Amid Robust Investor Appetite The Indian market witnessed an extraordinary display of investor confidence as the Initial Public Offering (IPO) of IC Electricals Company concluded. The stock, which provides vital engineering solutions to Indian Railways, closed its bidding period with a staggering 390.82 times subscription on July 7. This massive demand underscores the strong interest in specialized firms catering to critical infrastructure needs.IPO Closes at Massive 390x Subscription The overwhelming investor enthusiasm was evident across all participant segments. Investors sought out shares rapidly, leading to a hugely successful outcome for IC...

IT Services Poised to Dominate India's New Output Index, Set to Define National Service Sector Strength The Technical Advisory Committee on the Index of Services Production has released key findings regarding a vital new metric set to track monthly services output in India. Information and computer-related services are projected to hold the largest weight in the proposed index, reflecting the sector's critical contribution to the economy. This move promises to provide a standardized, high-frequency measure of service production, mirroring existing measures like the Index of Industrial Production (IIP).IT Services Hold Highest Weight in Proposed Services Output Gauge According to the report, information and computer-related services...

Raymond Ltd Receives In-Principle Approval from NSE and BSE for Preferential Issue Raymond Ltd has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited regarding its preferential issue of securities on a private placement basis.The company confirmed that the two exchanges granted their in-principle approval for the issuance of 66,57,373 convertible warrants, which is part of the ongoing capital raising efforts.These warrants are structured to be converted into equity shares at a designated price point. The issue involves a total of 66,57,373 convertible warrants and corresponds to the equivalent number of equity shares of Rs.10/- each at a price not less than Rs.497/- each.The...

Computer Point Ltd Appoints Ms. Puja Verma as Additional Woman Director Computer Point Ltd announced that its Board of Directors has approved the appointment of Ms. Puja Verma as an Additional Woman Director, effective June 22, 2026. The decision follows a recommendation by the company’s Nomination and Remuneration Committee.The appointment categorizes Ms. Verma as an Additional Non-Executive and Independent Director. Her tenure is set for three consecutive years, spanning from June 22, 2026, to June 21, 2029, subject to shareholder approval. The Board noted that the said appointment is not liable to retire by rotation.The company confirmed that Ms. Puja Verma is not disqualified from holding the office of Director as per provisions...

State Government Securities Auction: Investor Appetite Stabilizes as Yields Converge Across States The Reserve Bank of India (RBI) released the comprehensive results for the auction of State Government Securities (SGS) held on July 07, 2026. The auction results reflect varied levels of investor participation and yield determination across different state issuances, underscoring the continued robust appetite for fixed-income instruments in local markets.The total allotted amount across all states detailed amounted to ₹61,764.850 crore in a significant exercise in maintaining government debt stability and liquidity within the market structure. These securities span diverse tenors, ranging from 5 years up to 26 years, catering to various...

JITF Infralogistics Limited Shifts Registered Office from Chhattisgarh to Uttar Pradesh JITF Infralogistics Limited has approved and proceeded with the shifting of its registered office following necessary regulatory clearance. The company is moving its base of operations from the State of Chhattisgarh to the State of Uttar Pradesh.The move was authorized subsequent to receiving confirmation from the Regional Director (Hyderabad), whose order dated July 06, 2026 granted approval for the relocation. The Board of Directors of JITF Infralogistics Limited reviewed and approved the transition of the registered office.As part of this strategic shift, the company's new registered office is located at A-1, UPSIDC, Industrial Area, Nandgaon...

PDS Limited shifts registered office to Gurgaon, Haryana PDS Limited has completed the process of relocating its corporate operations, officially changing its Registered Office. The company received the necessary 'Certificate of Registration of Regional Director for Change of State,' issued by the Registrar of Companies in Haryana.The transition, which became effective on July 6, 2026, solidifies PDS Limited's new base in the state.Following this regulatory approval, the company has updated its corporate records and allotted a new Corporate Identification Number (CIN). Key details regarding the change include:DetailInformationNew Registered Office AddressPDS Tower, 5th Floor, Plot No. 222, Udyog Vihar Phase -1, Industrial...

Tata Capital Ltd Allots Rs 1000 Crore in Secured NCDs via Private Placement Tata Capital Ltd has announced the private placement of Secured Redeemable NonConvertible Debentures (NCDs), amounting to an issue size of Rs 1000 crore. The allotment took place on July 07, 2026.The debentures, identified as TCL Secured NCD "C" FY 2026-27-VIS-M-Reissue No.1, were allotted in a private placement structure. A total of 1,00,000 such securities were issued for the issue size of Rs 1000 crore. The debentures carry a Coupon Rate of 8.15% p.a., with an XIRR of 7.7740% p.a.The NCDs have an original tenor of 1096 days, leaving a residual tenor of 1070 days from the deemed date of allotment. The maturity and redemption date for these securities is...

Axis Bank Completes Pricing for USD Denominated Additional Tier 1 Notes under GMTN Programme Axis Bank Limited has finalized the pricing process for its issuance of USD denominated Additional Tier 1 (AT 1) Notes, which are being added to the existing Global Medium Term Note (GMTN) programme. These AT 1 Notes will be integrated into a single series alongside previous U.S.$500,000,000 6.875 per cent. Additional Tier 1 Notes issued on June 30, 2026.The structure and terms for the newly priced notes are as follows:ParticularsDetailsType of instrumentAdditional Tier 1 under the Global Medium Term Note Programme in accordance with RBI Guidelines (as defined in the Offering Circular dated December 26, 2025)Series number31Tranche...

Indo-Pacific Surge: India-Indonesia Commit to Deepening Ties, Targeting Critical Minerals and Global Governance Reforms Strengthening the Comprehensive Strategic Partnership The relationship between India and Indonesia witnessed a significant milestone as Prime Minister Narendra Modi concluded a State Visit to Jakarta from July 6–8, 2026. Building on prior engagements, the visit underscored the shared commitment of both nations toward achieving an "upwards trajectory" in their comprehensive strategic partnership. The two leaders held high-level bilateral talks at Istana Merdeka, covering the full spectrum of mutual interests, including defense, trade, digital economy, and science.During the official meeting, Prime Minister Modi and...

Ruby Mills' Weaving Division Resumes Operations After Strike Settlement at Dhamni Plant The Ruby Mills Limited has reported that operations of its weaving division at the Dhamni Plant have resumed, following a resolution reached with workers after an illegal strike. The company stated that management is pursuing necessary legal action regarding the unrest.Management confirmed that the striking workers had been advised to resume work, citing the need to maintain industrial peace and harmony. The dispute was resolved after discussions involving local authorities and the workmen's advisors.The resolution process involved the intervention of the local Labour Commissioner's office and Police Authorities, specifically the Superintendent...

Silver Touch Technologies Wins Order from RITES Limited to Build India's AI-Native Infrastructure Appraisal Platform Silver Touch Technologies Limited has been awarded a significant order by RITES Limited, a Navratna Government Enterprise under the Ministry of Railways, for the Design, Development, and Implementation of PARAKH. This project involves creating an advanced AI-Based Detailed Project Report (DPR) Appraisal & Intelligence Platform intended to be one of India's first self-hosted, multi-model AI platforms dedicated to infrastructure project evaluation.The engagement transforms Silver Touch from a conventional IT services provider into an AI-native platform company in the crucial infrastructure sector. The PARAKH platform is...

Notice Issued Regarding Loss of Share Certificates for Ceat Ltd Stock Holdings Ceat Ltd has been notified of the loss or misplacement of share certificates pertaining to certain securities, leading to an application being made by the respective holders to the company to issue duplicate certificates. The details concerning these lost shares have been communicated through NSDL Database Management Limited, the Registrar and Transfer Agent for Ceat Ltd.The records detail several folios under which the security was held. The shares involved are valued at Rs 10.00/- each.Details of the reported loss include:Folio NoName of the Holders (Inc Joint holders)Shares of Rs 10.00/- eachCertificate NoDistinctive NoZVJ0000440JAFFERALIMOLOO...

Refex Industries Secures Contract for Ash Transportation for Major Government Road Projects Refex Industries Limited (RIL) has secured a contract involving ash transportation services for the construction sites of major road projects managed by NHAI and other Central or State Government Road construction departments, including PMGSY Road projects.The awarded order is valued at approximately INR 20.94 Crore and covers a service period of twelve months. The contract relates to transporting ash to the designated construction locations for these crucial infrastructure projects.Key details regarding this order acquisition by Refex Industries Limited are presented below:DetailInformationEntity Awarding ContractEntity based in...