Markets

Industrial Funds Turn Negative for First Time as EM Flows Stabilize Amid Tech Rally Global market flows are undergoing a significant realignment, with industrial funds registering negative rolling four-week flows—the first instance since the commencement of the AI trade in May 2025. While this represents a clear break in momentum for the sector, investor sentiment is showing resilience in emerging markets (EM) as various fund categories stabilize following recent corrections.Industrial and Equity Fund Flow Reversal Industrial funds have recorded negative rolling four-week flows, marking a critical shift after more than a year of sustained inflows. This reversal indicates that the broader industrial supply chain is facing increased...

22K Gold Rates Hold Steady as Top Jewellers Adjust Prices Amid Market Stability Gold prices across leading jewellery manufacturers showed marginal stability today, maintaining overall steady trends compared to Friday's rates. Consumers can find detailed updates on 18k, 20k, 22k, and 24k gold rates, alongside indicative silver pricing from the India Bullion and Jewellers Association (IBJA).The reports detail specific daily rates for 22-carat jewellery across major retail chains such as Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers. These figures are crucial indicators for those looking to purchase gold in the Indian market today, Saturday, July 25, 2026.22K Gold Rate Snapshot Across Major Brands Tanishq reported...

Landmark Cars to Expand Market Share with New MG Experia Outlet in Ahmedabad Landmark Cars Limited, a leading premium automotive retail business in India, has received a letter of intent from JSW MG Motor India Pvt. Ltd. to open a new MG Experia showroom in Vastral, Ahmedabad, Gujarat. This expansion marks the company's 17th MG Motor outlet and is aimed at deepening its presence within the brand and the Ahmedabad market.The new dealership will be established by M/s Aeromark Cars Private Limited, which is a wholly owned subsidiary of Landmark Cars. The addition of this showroom signifies a significant step in strengthening the partnership between Landmark Cars and JSW MG Motor India.This venture focuses on the sale of MG cars...

Krishna Filament Industries Approves Quarterly Results and Announces Change in Statutory Auditors Krishna Filament Industries Ltd. announced the outcomes of its Board meeting held on July 22, 2026, confirming the approval of its unaudited financial results for the quarter ended June 30, 2026. Furthermore, the company disclosed a significant change in its auditing services structure.The Board of Directors reviewed and approved the unaudited financial statements, which were accompanied by an Auditor's Limited Review Report issued by M/s P R Agarwal & Awasthi, Chartered Accountants. The board meeting also addressed the transition of statutory auditors.New Statutory Auditor Appointment Based on the recommendation of its Audit Committee...

Dodla Dairy Board Approves Strategic Acquisition and Releases Q1 FY27 Results Dodla Dairy Limited announced key decisions from its Board of Directors meeting held on July 25, 2026, approving a strategic minority investment in Sids Farm Private Limited. The company also released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.The Board approved the acquisition proposal for a 2% stake in Sids Farm Private Limited. This investment is intended as a strategic move into the fast-growing premium and direct to consumer (D2C) e commerce segment of the dairy industry, complementing Dodla Dairy's existing market operations.The company will acquire approximately 2% of the target’s share capital...

Crude Oil Futures Dip as China Steps In to Revive Iran-US Peace Talks Amid High Geopolitical Tensions Crude oil futures saw a notable pullback on Friday, falling more than 4% after reports emerged that China has begun initiatives aimed at reviving the stalled peace negotiations between the United States and Iran. Despite this decline, underlying market indicators suggest both Brent and West Texas Intermediate (WTI) crude remain strongly positioned for significant weekly gains.Market Movement Amid Diplomatic Intervention Brent crude settled at $96.78 a barrel on Friday, down $3.91 or 3.88%. The oil grade had previously closed above $100 in the previous session for the first time since May and was still tracking toward a near 10%...

Polyspin Exports Ltd's Bank Facility Ratings Reaffirmed by CARE Amid Performance Review Polyspin Exports Limited has received reaffirmed credit ratings for its Long Term and Short Term Bank Facilities from CARE Ratings Limited. The decision followed a comprehensive review of the company's operational and financial performance for FY26 (Audited).The rating reaffirmation pertains to the bank facilities availed by Polyspin Exports Ltd, covering both long-term and short-term credit lines.According to details provided by CARE Ratings Limited, the ratings have been reaffirmed against a total facility amount of ₹135.48 crore. The breakdown of the rated facilities is as follows:FacilitiesAmount (₹ Crore)RatingRating ActionLong Term...

European Shares Rally as SAP Surge Sparks Tech Optimism Amid Recession Warnings and New US Tariffs European markets recovered ground on Friday after seeing their steepest one-day loss in two weeks in the previous session. The pan-European STOXX 600 index finished slightly up at 644.67, marking its second consecutive week of gains. Investors drew significant comfort from corporate earnings reports and reassessed the potential impact of elevated oil prices on global monetary policy settings.SAP Boosts Tech Sector as Markets Balance Growth Against Valuation Risks Germany’s DAX saw a positive move, largely driven by SAP after the software giant announced a 10% increase in its second-quarter current cloud backlog. This performance...

Gold Surge Alert: Bullion Bounces High as Crude Oil Plummets Amid Geopolitical Focus Ahead of Fed Decision Spot gold showed resilience on Friday, edging up against a backdrop of easing crude oil prices and persistent geopolitical concerns. The precious metal found support after declining in the previous session, now trading at $4,052.78 per ounce by 4:10 p.m. EDT (2010 GMT). This movement sees gold rise 0.1% for the day, continuing a positive trajectory of 0.9% for the week so far.U.S. gold futures also reflected this strength, settling 0.5% higher at $4,070.80. Gold and silver are currently consolidating their range around the $3,950 and $55 mark respectively. While the metal faces headwinds from persistently high yields, experts...

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...