Markets

Oil Price Takes Breather as China Pushes for US-Iran Peace Talks Crude oil futures experienced a notable downturn on Friday following reports that China had initiated efforts to revitalize stalled peace negotiations between the United States and Iran. This news provided a degree of relief to a volatile market, though the broader trend suggests sustained strength in energy prices.Brent crude settled at $96.78 a barrel, representing a decrease of $3.91, or 3.88%. Despite the dip, the contract remains strongly positioned for significant gains this week. West Texas Intermediate (WTI) futures closed at $89.31 a barrel, down $2.88, marking a 3.12% drop but maintaining its trajectory for an estimated 8.27% rise over the coming period.The...

Rupee Plunges to Record Low Against Dollar But Recovers on Massive RBI Intervention Currency Turbulence: Rupee Hits Day's Lowest As Global Pressures Mount The Indian rupee experienced significant volatility against the US dollar on Friday, dipping close to its record low. Dealers confirmed that interventions by the Reserve Bank of India (RBI) prevented the currency from weakening further than anticipated. The rupee fell sharply, touching an intraday low of 96.70 per dollar. Despite the initial plunge, it managed a recovery, closing at 96.562.This closing figure shows little change from its previous close of 96.565. However, the day's movements highlighted intense market pressure and subsequent central bank support. The rupee’s...

Income Tax Department Drops Penalty Proceedings in Favour of Black Buck Ltd Black Buck Ltd, formerly Zinka Logistics Solutions Limited, has received a favourable decision from the Income Tax Department regarding penalty proceedings initiated under Section 270A of the Income-tax Act, 1961. The department dropped the proceedings related to Assessment Year (AY) 2018-19, determining the penalty at Nil.The order, dated July 24, 2026, followed a process where an initial addition concerning Employee Stock Option Plan (ESOP) expenditure had been made against the company's income for AY 2018-19. The original matter involved alleged under-reporting or misreporting of income resulting from the disallowance of ESOP expenditure, which was valued...

US Treasuries Nearing 19-Year Peak: Yield Spike Amid Inflation Fears Despite Oil Correction Global equity markets found only scattered relief on Friday as oil prices pulled back, but persistent concerns over inflation and future rate hikes continued to keep bond yields hovering near multi-decade highs. Wall Street stocks experienced a mixed trading session while geopolitical tensions simmered despite an easing in crude oil costs.Global Equity Markets See Mixed Performance The Dow Jones Industrial Average managed a small gain of 0.46%, while the Nasdaq Composite registered a decline of 0.64% and the S&P 500 showed little change. In Europe, the pan-European STOXX 600 gained 0.8%, marking its second consecutive week of gains after...

Sebi Slams Front-Running: Former Axis MF Dealer Fined ₹7.5 Crore for Orchestrating Market Abuse Regulators Penalize Chief Dealer in Major Axis Mutual Fund Scandal The Securities and Exchange Board of India (Sebi) has leveled significant penalties against former Axis Mutual Fund chief dealer Viresh Joshi and 20 associates following the discovery of a large-scale front-running scheme. The regulatory action targets practices that generated illegal gains by trading ahead of official fund house orders.Sebi concluded that Mr. Joshi misused confidential information concerning impending fund trades spanning from September 2021 to March 2022. This sophisticated misuse involved passing the proprietary information to Dubai-based trader Prijesh...

Restile Ceramics Ltd Approves Q1 FY2026 Results and Appoints New Internal Auditor Restile Ceramics Limited, a key player in the ceramics sector, announced the outcome of its Board meeting held on July 24, 2026. The company approved the Statement of Standalone Unaudited Financial Results along with a limited review report for the first quarter ended June 30, 2026. Additionally, the board approved the appointment of M/s R K Doshi & Co LLP as the Internal Auditor for the financial year 2026-27.The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting on July 24, 2026. The limited review report provided by auditors highlighted concerns regarding operating cash flows and asset...

Amanaya Ventures Ltd Announces Plan to Issue Up To INR 3 Crore in Secured Non-Convertible Debentures Amanaya Ventures Limited has approved the proposal for issuing secured, redeemable, unlisted, non-convertible debentures (NCDs) on a private placement basis. The Board of Directors considered and approved the terms and conditions for this issuance during a meeting held on July 24, 2026.The company intends to raise up to INR 3,00,00,000 from the issue of NCDs. These debentures will have a face value of INR 1,00,000 each, and the total size of the proposed issuance is limited to three hundred such instruments.The terms related to the secured financial instrument are summarized below:FeatureDetailsSecurities TypeSecured...

Stellant Securities Announces Capital Increase and Planned Preferential Issues of Shares and Warrants The Board of Directors of Stellant Securities (India) Ltd, at a meeting held on July 24, 2026, approved several key corporate actions, including an increase in authorized share capital and the issuance of warrants to Promoters and various equity shares to non-promoters under the public category.The Board Meeting also appointed Vineeta Piyush Patel (Mem No. A37699, COP No. 19111), a Practising Company Secretary, to act as Scrutinizer for the e-voting process.Capital Structure and Offerings Approved Subject to shareholder approval, the Board reviewed and approved the following major capital structure changes and offerings:Authorized...

Onesource Specialty Pharma Appoints New Senior Management Personnel; Ravi Kumar Resigns Onesource Specialty Pharma Ltd has announced changes in its Senior Management Personnel (SMP). Preeti Kalra has been designated as a new SMP, effective July 24, 2026, while Ravi Kumar resigned from his position, also effective on the same date.The designation of Ms. Preeti Kalra comes with an extensive background spanning over 25 years across various sectors including Biopharma, Global Development (Not-for-Profit), Public Services, and Insurance. Her leadership experience includes organizations such as Stelis Biopharm, Bill & Melinda Gates Foundation, Serco, and Ernst & Young.Ms. Kalra's expertise lies in business partnering, talent management...

Board meeting set for JBM Auto Ltd to approve Q1 financial results and consider new securities issue JBM Auto Limited has scheduled a Board Meeting to address key operational and strategic matters, including the review of its first quarter financial performance and consideration of a proposal related to issuing new securities. The meeting is slated for Thursday, July 30, 2026.The agenda for the Board Meeting includes two main points. First, the Board will consider and approve the Un-Audited Financial Results (both Standalone and Consolidated) for the first Quarter ended June 30, 2026. Second, the company will examine a proposal for issuing securities under Sections 42, 62, and 71 of the Companies Act, 2013, which is subject to...

Dachepalli Publishers Ltd Executes MoU for Proposed Acquisition of Hara Communications Private Limited Dachepalli Publishers Limited has announced that it has executed a Memorandum of Understanding (MoU) concerning the proposed acquisition of equity share capital in Hara Communications Private Limited. The transaction is part of the company's long-term growth strategy aimed at strengthening and expanding its footprint within the education sector.The acquisition is planned to integrate with the Company’s existing business operations, broadening its capabilities and creating long-term value for stakeholders. Upon the successful completion of the proposed acquisition, Hara Communications Private Limited will transition into a wholly...

Veefin Solutions Approves Up to INR 35 Crore Fundraising via Non-Convertible Debentures Veefin Solutions Ltd has approved a plan to raise funds through the issuance of Non-Convertible Debentures (NCDs). The board sanctioned the fundraising effort, which is designated as a private placement.The company's board meeting granted approval for an aggregate amount of up to INR 35,00,00,000 for this debt raising exercise. These NCDs are planned to be issued in one or more tranches or series through the specified method.Details regarding the proposed securities issuance were outlined, confirming the nature and structure of the financial instruments being introduced by the company.A summary of the key terms associated with the...

Computer Point Ltd Appoints Sanjay Rawka as Non-Executive Independent Director Computer Point Limited has appointed Mr. Sanjay Rawka as an Additional Director, categorised as a Non-Executive Independent Director. The appointment, effective from July 24, 2026, is set for a term of three consecutive years.The appointment was made during a meeting of the Board of Directors held on Friday, July 24, 2026. According to company records, the Board approved the decision based on the recommendation of the Nomination and Remuneration Committee. Mr. Rawka's term runs until July 23, 2029, subject to shareholder approval at the ensuing Annual General Meeting. The Directors' meeting commenced at 2:00 P.M. and concluded at 5:00 P.M.Mr. Sanjay Rawka...

Restile Ceramics Approves Q1 FY26 Results; Auditors Note Going Concern Uncertainty Amid Operating Losses Restile Ceramics Ltd has announced the approval of its Standalone Unaudited Financial Results along with a limited review report for the first quarter ending June 30, 2026. The Board of Directors held a meeting on July 24, 2026, where it approved these financial results and considered other agenda items.The company confirmed that the trading window for securities will open on July 26, 2026.Financial Performance Summary (in Rs. lakhs) The reviewed results show specific performance metrics across the quarter ended June 30, 2026, compared to previous periods. The financial data is presented below:ParticularsQ1 FY26 (Jun 30...

Ujjivan Small Finance Bank Completes 10th Annual General Meeting; Approves Rs 2,000 Crore Fund Raising Plan Ujjivan Small Finance Bank Ltd held its 10th Annual General Meeting (AGM) on Friday, July 24, 2026. The meeting, which was conducted through Video Conferencing/Other Audio-Visual Means, saw members approve several key resolutions related to financial statements, management appointments, and the approval of a major fund raising plan.The AGM concluded with the Chairman thanking all shareholders, directors, and invitees. Directors present at the meeting included Mr. B.A. Prabhakar (Part Time Chairman & Independent Director), Mr. Sanjeev Nautiyal (MD & CEO), Ms. Carol Furtado (WTD), and several other independent directors and...

Dixon Technologies Announces Board Meeting to Approve Q1 Financial Results and Updates Trading Window Status Dixon Technologies (India) Ltd has scheduled a meeting of its Board of Directors to consider and approve the Un-Audited Financial Results for the quarter ending June 30, 2026. The board meeting is set for Friday, July 31, 2026.The company will utilize this meeting to review both the Standalone and Consolidated financial results for the specified quarter.In addition to the Board meeting announcement, Dixon Technologies provided an update regarding the trading window for its securities. The trading period had closed as of July 1, 2026.Management confirmed that the trading window will reopen forty-eight hours following the...

TANFAC Industries Reports Q1 FY27 Results, Completes Major Capital Raise for Strategic Expansion TANFAC Industries Limited, a key player in India's fluorine chemicals sector, has released its unaudited financial results for the quarter ended June 30, 2026. The company reported quarterly revenue of approximately ₹187 crore, marking a 6.3% year-on-year growth, although it experienced a 3.1% decline quarter-on-quarter due to disruptions arising from the geopolitical situation in West Asia.The results show the impact of both market dynamics and operational challenges on profitability. While revenue showed robust health driven by high demand for Solar Grade DHF and improved capacity utilization, operating EBITDA was influenced by elevated...

Critical Reminder: Are Banks Closed Today? RBI Rules Govern Saturated Banking Access on Saturday Is The Indian Banking Sector Operational Today? Banks across India are closed today, Saturday, July 25, 2026. This is because according to Reserve Bank of India (RBI) guidelines, banks remain shut down on the second and fourth Saturdays of every month. Therefore, consumers should check the official holiday calendar before planning any bank branch visits.Understanding RBI's Monthly Banking Schedule The RBI regulations dictate the operating schedule for financial institutions nationwide. Banks are required to be operational on the first, third, and fifth Saturdays of the month. The closure today is strictly in accordance with established...

Rajasthan Tube Manufacturing Company Approves Warrants Issuance and Regularizes Two Independent Directors Rajasthan Tube Manufacturing Company Ltd announced several significant decisions following the outcome of its Board of Directors meeting held on July 24, 2026. The board approved plans for raising capital through a preferential issue of warrants, while also recommending the regularization of two additional directors into independent director positions.Capital Raising through Warrants Issue The company approved the issuance of up to six crore twenty-one lakh Convertible Equity Share Warrants (Warrants) to public investors on a Preferential Basis. These Warrants are convertible in one or more tranches into equity shares with a face...

Indus Infra Trust Holds Third Annual General Meeting; All Resolutions Passed Based on Consolidated Voting Results The Third Annual General Meeting (AGM) of Indus Infra Trust was successfully conducted virtually on Friday, July 24, 2026. The meeting focused on key corporate matters, including the adoption of financial statements and the appointment of a Valuer for the InvIT assets.The AGM was held via Video Conferencing/Other Audio-Visual Means (VC/OAVM) at 11:00 AM (IST). Directors and Key Managerial Personnel (KMPs) present included Mr. Ramesh Chandra Jain (Chairman, Director), Mr. Ankush Vinod Pitale (Additional Director), Mr. Deepak Maheshwari (Independent Director), Mr. Raghav Chandra (Independent Director), Mrs. Swati Anil...