Markets

Hirect Secures Maiden Order for Propulsion Systems for 4 MEMU Trainsets Hirect Limited, previously known as Hind Rectifiers Ltd, has secured its inaugural contract for Mainline Electric Multiple Unit (MEMU) trainsets. The order was awarded by Modern Coach Factory (MCF) on behalf of Indian Railways.The contract involves the supply of complete Propulsion Systems for four MEMU trainsets. This domestic order was secured within a 24-month timeframe and valued at approximately Rs. 60 crores.Hirect Limited confirmed that there is no interest held by the promoter or promoter group in the entity awarding the contract, nor will the transaction fall under related party transactions.Key details of the contract are summarized below...

Dividend Bonanza: Over 110 Stocks Face Corporate Action as Titans Like UltraTech Cement and Britannia Pay Massive Payouts More than 110 companies, spanning diverse sectors from IT to FMCG, have set crucial record dates for corporate actions this week between July 27 (Monday) and July 31 (Friday). These actions primarily involve the distribution of dividends and bonus issues. Investors must ensure their shares are held in their demat accounts on the specified record date to be eligible for these financial distributions.The company roster includes industry leaders such as Wipro, DLF, UltraTech Cement, Godrej Properties, và Persistent Systems. The dividend payouts range widely, with some stocks offering substantial dividends while others...

Fed Rate Hold Expected as Geopolitical Tensions and Inflation Surge Intensify Scrutiny on Central Bank Stability The US Federal Reserve is set to hold its second meeting under the new chairman, Kevin Warsh, starting Tuesday. Markets are widely anticipating that policymakers will maintain steady interest rates amid persistent inflation concerns, a trend complicated by escalating geopolitical tensions involving Iran. The FOMC (Federal Open Market Committee) is scheduled to announce its decision on Wednesday at 2:00 pm GMT, followed by a press conference led by Warsh.Market Expectations and Inflation Headwinds Most investors are expecting the Fed to keep rates steady, with CME’s FedWatch monitoring tool suggesting a range of 3.50-3.75...

IDFC First Bank Profits Soar, Shattering Expectations as Bottom Line Crosses 1,000 Crore Mark IDFC First Bank has posted a watershed quarter, achieving an all-time high profit in June. The private sector lender reported its net profit more than doubling to ₹1,075 crore, marking significant momentum across the organization. This robust performance is attributed not only to strong growth in Net Interest Income (NII) but also to effective management of provisions and prudent strategic investments.Record Profit Driven by Strong Net Interest Gains The bank reported a net profit of ₹463 crore in the corresponding quarter of the previous year, highlighting substantial improvement. Crucially, NII saw a powerful rise of 21% year-on-year...

RailTech SME MV Electrosystems to Ignite IPO as it Seeks Rs 290 Crore Funding Boost MV Electrosystems, a specialized manufacturer of electrical and power electronics equipment for railway rolling stock, is set to open its Initial Public Offering (IPO) on July 30. The Haryana-based company aims to raise up to Rs 290 crore through a fresh issue, signaling a push into public markets.The IPO launch follows the approval of their offer documents by SEBI in April 2026. This move provides the company with substantial capital infusion necessary for continued growth and technological advancement within the rail sector.Timeline and Structure of MV Electrosystems IPO The initial anchor book on the offering will be launched on July 29. The...

P S Raj Steels Limited Announces Resignation of Company Secretary and Compliance Officer P S Raj Steels Limited has announced that Mr. Manish Kumar has resigned from his position as Company Secretary and Compliance Officer. The resignation is effective from July 25, 2026, citing personal reasons.The company confirmed the details of the change in personnel related to its corporate compliance structure.Mr. Manish Kumar tendered his resignation on July 25, 2026, confirming that he was relieved from his responsibilities with effect from that date. His departure from the role of Company Secretary and Compliance Officer has been noted by the company.Key details regarding this transition are summarized below:RoleNameReason for...

Oil Nears $100: Global Policymakers Face Rate Hike Dilemma Amid Inflation Risks and Geopolitical Tensions Central Banks Under Scrutiny as Energy Costs Ignite Markets The prospect of crude oil returning to the $100 barrel level has placed global central banks squarely in the interest-rate spotlight. With a sequence of Group of Seven rate decisions underway, starting with the Federal Reserve, policymakers are preparing for varying degrees of vigilance regarding potential energy-driven inflation.Investor bets suggest possible moves within the G7 as early as September, even though economists express differing levels of certainty about this timeline. The brief surge in oil prices above the $100 mark is cited as one significant inflation...

T Spiritual World Ltd Announces Board Meeting and Sets Insider Trading Window Details T Spiritual World Limited has scheduled its next Board meeting and confirmed the status of its insider trading window for Promoters and Key Managerial Personnel (KMP).The Board of Directors meeting is slated for Wednesday, August 05, 2026, at 02:30 P.M. The gathering will take place at the company's Registered Office.A key part of the agenda includes considering and approving the Standalone Unaudited Financial Results. These results are for the first quarter (Q1) ended June 30, 2026, and include a Limited Review Report by the Statutory Auditors. The Board will also discuss any other matters with the permission of the Chairman.In addition to the...

Epuja Spiritech to Hold Board Meeting for Right Issue and Fundraising Plan Epuja Spiritech Ltd has scheduled a meeting of its Board of Directors to address plans regarding fundraising through an Equity Share Right Issue. The company will conduct the meeting via video conferencing on Wednesday, July 29, 2026.The primary agenda item set for consideration at the Board meeting is the raise of funds. This fundraising effort will be accomplished through a Right Issue of Equity Shares to the eligible Equity Shareholders of the Company. The successful execution of this issue remains subject to the receipt of any applicable regulatory or statutory approval required.Besides the focus on the rights issue, the agenda will also include...

Jay Ushin Limited receives Show Cause Notice over GST dues totaling Rs 1.21 crore Jay Ushin Limited has received a Show Cause Notice (SCN) from the Assistant Commissioner, Goods and Services Tax in Sriperumbudur, Kancheepuram, Tamilnadu, regarding alleged discrepancies in Input Tax Credit (ITC) reconciliation for the Financial Year (FY) 2023-24.The communication, which was received on July 24, 2026, relates to matters under Section 73 of the Goods and Services' Tax Act, 2017. The notice alleges discrepancies in GST returns for FY2023-24 concerning unreconciled ITC and enable ITC variances.The SCN has resulted in a demand of Rs. 1,21,68,632, which constitutes the GST demand excluding any applicable interest and penalty.Key Details...

Kanel Industries Ltd to Hold Board Meeting for Rights Issue and Fund Raising Kanel Industries Limited has scheduled a meeting of its Board of Directors to address plans for raising funds through a rights issue of equity shares.The company's Board Meeting is set to take place on Thursday, July 30, 2026. The proposed agenda includes considering the matter of raising funds by offering and issuing equity shares via a rights issue.The board meeting is scheduled so that it can consider the proposal subject to the receipt of necessary regulatory and other approvals.Stock Price Movement Kanel Industries Ltd settled at ₹57.47 in the market closing on Monday, having ticked up nearly 5% and posting a gain of +₹2.73. The shares traded...

Dolphin Medical Services Ltd Accepts Resignation of CFO and Company Secretary Dolphin Medical Services Ltd has accepted the resignation of Mr. Vaishnavi Sharma from his roles as Company Secretary cum Compliance Officer and Chief Financial Officer (CFO).The Board of Directors reviewed and approved the acceptance of the resignation during a meeting held on July 25, 2026. The company noted that Mr. Vaishnavi Sharma served in these capacities until the close of business hours on the effective date.The Board formally recorded its sincere appreciation for the valuable services rendered by Mr. Vaishnavi Sharma throughout his tenure with Dolphin Medical Services Ltd.Details regarding the change and the individual’s previous role were...

Kesar India Subsidiary Acquires Premium Commercial Office Space in Hyderabad Kesar India Limited’s wholly owned subsidiary, Kesar Infraventures Private Limited, has completed the acquisition of a prime commercial office property located in Ameerpet, Hyderabad, Telangana. This move is designed to strengthen the Group's presence and expand its commercial real estate portfolio across key metropolitan markets in South India.The acquired asset is Office Space No. 4A, situated on the Third Floor of the 'Aditya Trade Centre (F & G Blocks)' complex at Aditya Enclave, Ameerpet, Hyderabad. The property encompasses approximately 7,725 sq. ft. of super built-up area and includes six dedicated car parking spaces.Kesar Infraventures Private...

Zen Technologies Ltd Grants 14,100 Employee Stock Options Under 2021 Plan Zen Technologies Ltd has announced the grant of a substantial number of Employee Stock Options (ESOPs) to its eligible employees under the framework of the Zen Technologies Limited Employee Stock Option Plan - 2021. The decision was made by the Nomination and Remuneration Committee of the Board of Directors during a meeting held on July 25, 2026.The company granted a total of 14,100 ESOPs. These options are convertible into an equal number of equity shares, each having a face value of Re. 1/- under the established plan.Key Details of Option Grant The grant details and significant terms relating to the ESOPs were outlined as follows:ParticularsDetail...

Unick Fix-A-Form And Printers Ltd to Hold Board Meeting, Review Q2 Results and Director Redesignation Unick Fix-A-Form And Printers Ltd has scheduled its Board of Directors meeting to consider crucial corporate matters, including the review of its un-audited financial results for the quarter ended 30th June 2026. The meeting is set to take place on Friday, 31st July 2026, and will be conducted via video conferencing.The Board meeting agenda includes deliberating upon the company's performance and governance structure. Key items for consideration include the un-audited Financial Results and Limited Review Report for the quarter ended 30th June 2026. Furthermore, the Directors are scheduled to review and approve the Board’s Report along...

Banco Products (India) Ltd.'s Board Meeting Scheduled to Approve Q1 Unaudited Financial Results Banco Products (India) Limited has scheduled a meeting of its Board of Directors for Saturday, August 8, 2026. The meeting is set to address several key corporate actions, including the review and approval of the company's financial performance for the recently concluded quarter.The board agenda includes considering and approving the Standalone and Consolidated Unaudited Financial Results for the Quarter and Period ended June 30, 2026. Furthermore, the meeting will focus on fixing the day, date, and time for the Annual General Meeting (AGM) pertaining to the Financial Year ended March 31, 2026, along with other connected matters.A...

Billwin Industries Ltd Appoints Anand Kumar Jha as Non-Executive Independent Director Billwin Industries Ltd has appointed Mr. Anand Kumar Jha as an Additional Director, designated as a Non-Executive Independent Director of the company. The appointment was made by the Board of Directors and is subject to the approval of the Company's shareholders.Mr. Jha’s tenure will span five consecutive years, commencing from July 25, 2026. As per the terms of his appointment, he holds a role as Non-Executive Independent Director and is not related to the Promoter or the Promoter Group, fulfilling all criteria for independence under the relevant acts and rules.In compliance matters, it was confirmed that Mr. Anand Kumar Jha is not debarred from...

Independent Director Steps Down at PCBL Chemical Ltd; Umang Kanoria Appointed to Audit Committee PCBL Chemical Limited has seen a transition in its governance structure, announcing the cessation of an Independent Director and the induction of a new member onto the company’s Audit Committee.Mr. R K Agarwal (DIN: 00416964) concluded his tenure as an Independent Director of PCBL Chemical Ltd. His departure was effective from the close of business hours on July 25, 2026. Along with his role as an Independent Director, he also ceased to be a Member of the Audit Committee and the Sustainability and Risk Management Committee. The Board noted its appreciation for his contributions during his tenure.In a move toward committee restructuring...

Five-Star Business Finance Reports Nil Deviation in Funds Utilized from Preferential Share Warrant Issue Five-Star Business Finance Limited has confirmed zero deviation or variation regarding the utilization of proceeds from its preferential issue of share warrants, as reported for the quarter ended June 30, 2026. The company provided details concerning the raising and subsequent utilization of funds related to the warrants allotment and their conversion into equity shares.The company had initially issued a total of 4,10,000 convertible share warrants in the tranche of INR 770/- each. The total issue size amounted to INR 31,57,00,000.Funds were raised across two tranches. The initial allotment involved the collection of upfront...

Eco Hotels And Resorts Issues Final Reminder-cum-Forfeiture Notice for Partly Paid-up Equity Shares Eco Hotels And Resorts Ltd has dispatched a Final Reminder-cum-Forfeiture Notice regarding the outstanding First, Second, Third, and Final Call Money pertaining to its partly paid-up equity shares. The company completed the electronic dispatch of this notice on July 25, 2026.The Final Reminder-cum-Forfeiture Notice follows a series of prior communications related to the Rights Issue of the company. This action was taken after the Rights Issue Committee approved the issuance of the final notice at its meeting held on July 23, 2026.The notice concerns shareholders who have not paid the required call money for their partly paid-up equity...