Markets

Shashijit Infraprojects Updates Leased Property Dispute Status Before High Court Shashijit Infraprojects Ltd has provided an update regarding the ongoing dispute concerning a leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika). The matter was scheduled for hearing before the Hon'ble High Court of Gujarat on July 6, 2026.The company announced that the case could not be taken up for hearing by the court. Consequently, the High Court has adjourned the proceedings, setting a new date of July 16, 2026.As of the date of this disclosure, the dispute remains pending before the Hon'ble High Court of Gujarat, and no adjudication on the merits of the case has been made.The company continues to manage the...

NSE Grants 'No Objection' on Scheme of Arrangement between Globe Enterprises and Morabia Creation Limited Globe Enterprises (India) Limited, concerning its scheme of arrangement with Morabia Creation Limited (MCL), has received an 'No objection' from the National Stock Exchange (NSE). The observation letter was issued by the NSE on July 6, 2026.The Scheme of Arrangement involves Globe Enterprises (Demerged Company/Globe) and Morabia Creation Limited (Resulting Company/MCL). Following the receipt of these observations, Globe Enterprises intends to move forward with filing the complete Scheme before the National Company Law Tribunal (NCLT), ensuring compliance with all conditions specified in the observation letter.The NSE's 'No...

Trent Stock Plunges 13% on Q1 Revenue Miss; Analysts Pinpoint Cannibalization and Slowing Growth Momentum Shares of Tata Group retailer Trent Ltd experienced a severe decline, falling 13 percent on Tuesday. This sharp fall marked the company's biggest one-day loss in a year, driven by a first-quarter business update that missed market expectations despite continued aggressive store expansion. The stock was the top loser among the Nifty 50 index constituents for the day.The decline wiped out approximately Rs 13,356 crore from Trent's market capitalization. The stock closed near its daily low at Rs 2,921 per share on the NSE, trading down 12.64 percent. The heavy correction comes after the company reported a standalone revenue of Rs...

IBL Finance Sets Cut-off Date and Book Closure Period for 9th Annual General MeetingIBL Finance Limited has announced the specific dates for the cut-off and book closure related to its upcoming 9th Annual General Meeting (AGM). The AGM is scheduled to be held on Friday, July 31, 2026.The company confirmed that the 9th Annual General Meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).To facilitate investor participation in the AGM and e-Voting process, IBL Finance Limited has defined the relevant timelines for its equity shares.Security TypeCut Off DateBook Closure PeriodPurposeEquity Shares (IBLFL)Friday, July 24, 2026Saturday, July 25, 2026 to Friday, July 31, 2026AGM and e-Voting...

Market Power Test: Competition Commission Clears Nissan Motor India in Dealer Dispute Over Alleged Anti-Competitive Conduct The Competition Commission of India (CCI) has directed the closure of an informational case against Nissan Motor India Pvt. Ltd (NMIPL), concluding that the company does not hold a dominant position within the relevant market, thereby nullifying allegations of anti-competitive abuse by the automaker. The decision follows a comprehensive review where the CCI assessed claims made by a dealer partner, M/s You We and Cars, concerning coercive practices and termination of their dealership agreement.The matter centered on whether NMIPL's actions constituted an abuse of dominance or violations of competition law within...

Utssav CZ Gold Jewels Limited Approves Incorporation of Wholly-Owned Subsidiary Utssav CZ Gold Jewels Limited has approved the incorporation of a wholly-owned subsidiary named Utssav Gold And Diamond Private Limited. The decision was made by the company's Board of Directors during a meeting held on July 7, 2026. The new entity's name has been sanctioned by the Registrar of Companies (ROC) in Mumbai.The incorporation is subject to the completion of necessary legal and procedural formalities, as well as receipt of all requisite statutory and regulatory approvals where applicable.Through this strategic move, Utssav CZ Gold Jewels Limited aims to enhance its presence within the Gold and Diamond Industries and showcase its exquisitely...

Williamson Financial Services' NBFC Registration Certificate Cancelled by RBI Williamson Financial Services Ltd has announced that its certificate of registration to conduct business as a Non-Banking Financial Company (NBFC) has been cancelled by the Reserve Bank of India (RBI).The company confirmed that it received notification from the RBI regarding the cancellation. This action was carried out in accordance with powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934.Following the cancellation, Williamson Financial Services is currently seeking advice concerning this matter, including exploring possibilities for the restoration of the NBFC certificate.Stock Price Movement Williamson Financial Services...

Rashtriya Chemicals and Fertilizers Limited Approves Rs 1,500 Crore Further Public Offering and Expands Business Scope Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India Undertaking, announced key outcomes from its Board meeting held on July 7, 2026. The board approved plans for raising substantial funds through a Further Public Offering and granted approval for significant amendments to the company's Memorandum of Association (MoA).The proposed public offering involves a fresh issue of equity shares, aimed at aggregating up to Rs 1,500 Crore (Rupees One Thousand Five Hundred Crore only). The completion of this fundraising initiative is contingent upon securing requisite approvals from the shareholders of the...

VP Urges Breakthrough in Cotton Ecosystem After Review of Kapas Kanti Mission The Vice President of India, Shri C. P. Radhakrishnan, was briefed on the strategic national effort to boost agricultural output during a high-level meeting at Uprashtrapati Bhavan today. The briefing centered on the comprehensive goals and mechanisms of the Mission for Cotton Productivity (Kapas Kanti). Union Minister of Agriculture & Farmers' Welfare and Rural Development, Shri Shivraj Singh Chouhan, presented the mission details alongside senior officials from both the Ministry of Agriculture & Farmers' Welfare and the Textiles Ministry.Key Pillars Driving India's Cotton Productivity Mission The briefing provided a deep dive into the three essential...

Nomura Selects Top Banks as Q1 Loan Growth Solidifies Resilience Amid Peer Divergence Nomura has concluded that loan growth momentum remains intact for Indian banks during the June quarter. While many lenders reported healthy business updates, the brokerage noted widening differences in performance across peer groups. The analysis reviewed provisional Q1FY27 data from several major and mid-sized financial institutions.Market Resilience and Divergence in Banking Sector The latest updates indicate that loan growth remains resilient within the sector. Crucially, Nomura points out that this divergence is now becoming more evident within individual peer groups, rather than simply between private and public sector banks. The brokerage...

Maiden Forgings Reports Robust Operational Performance in Q1 FY 2026-27 Maiden Forgings Limited has announced strong financial and operational results for the first quarter (Q1) of the financial year 2026-27, showing significant growth despite geopolitical turbulence.The company reported a notable increase in revenue for Q1 FY 2026-27, achieving ₹64.96 Crore. This marks a substantial rise compared to the previous quarter's performance in Q1 FY 2025-26, when revenue stood at ₹52.06 Crore.The growth in financial performance was mirrored by operational success. The quantity produced during Q1 of 2026-27 reached 9,750 MT, representing a healthy increase compared to the 7,977 MT recorded in Q1 FY 2025-26.These results reflect...

Jetmall Spices and Masala Ltd Renames to Artemis ADR Marketplace Limited The company previously known as Jetmall Spices and Masala Ltd has successfully completed its name change and is now operating under the new identity, Artemis ADR Marketplace Limited. This transition was formally processed following approval from the BSE Limited (BSE).Effective July 09, 2026, the registered name of the company will be reflected as Artemis ADR Marketplace Limited in the exchange's master records. This change involves updating specific listing identifiers associated with the entity.The details regarding the previous and new designations are as follows:Scrip CodeExisting NameNew NameScrip ID for BOLT Plus SystemAbbreviated name on BOLT Plus...

Future Lifestyle Fashions Ltd Conducts Thirty Eighth Meeting of Committee of Creditors Future Lifestyle Fashions Limited, which is currently under Corporate Insolvency Resolution Process (CIRP), held its thirty eighth meeting of the Committee of Creditors (CoC) on Monday, July 6, 2026. The meeting pertains to the ongoing resolution process for the company.The affair and assets of Future Lifestyle Fashions Limited are being managed by the Resolution Professional, Mr. Ravi Sethia. He was appointed as the Resolution Professional by the National Company Law Tribunal (NCLT) on May 4, 2023. This appointment was subsequently confirmed during the first CoC meeting, which took place on June 6, 2023.FLFL Stock Price Movement Future Lifestyle...

DiGiSPICE Technologies Announces Resignation of Vice President Ruchi Mehta After Over 19 Years DiGiSPICE Technologies Limited has announced the resignation of Ms. Ruchi Mehta from her role as Vice President - Corporate Affairs and Senior Management Personnel. The company accepted her resignation on July 7, 2026.Ms. Mehta tendered her resignation on July 6, 2026, stating that she is stepping down to pursue independent professional opportunities. She described her association with the group as enriching and deeply rewarding, noting an tenure of over 19 years.The company has confirmed that Ms. Ruchi Mehta will be serving her notice period until October 5, 2026.Key details regarding the change in management are summarized below...

Kothari Fermentation & Biochem Faces Penalty Notice from PVVNL over Delayed Bank GuaranteesKothari Fermentation & Biochem Ltd has received a communication and penalty notice from Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) regarding the delayed renewal or submission of Bank Guarantees related to Additional Security Deposits.The penalty notice, dated June 29, 2026, and bearing Letter No. 2127, levies a penalty of ¥52,17,724/- against the company. The notice concerns the alleged delay in renewing or submitting the required Bank Guarantees towards the Additional Security Deposit.The company has disputed the levied penalty. It asserts that the underlying requirement was duly complied with and that the alleged penalty arose due...

UHM Vacation Ltd Set to Participate in Travel & Tourism Fair Kolkata 2026 UHM Vacation Limited, formerly known as UHM Vacation Private Limited, announced its participation in the prestigious Travel & Tourism Fair (TTF) Kolkata 2026. The company will attend this leading travel trade exhibition in Eastern India on July 10, 2026, at the Biswa Bangla Mela Prangan in Kolkata.The event provides UHM Vacation Limited with a significant platform to connect and engage with key industry players across both Indian domestic and international markets. Attendees will include travel agents, tour operators, destination management companies (DMCs), airlines, tourism boards, corporate travel service providers, and other relevant stakeholders.The...

Reliance Communications Reports Financial Indebtedness amid Insolvency Resolution Process Reliance Communications Limited (RCOM) has reported details regarding its financial indebtedness as of June 30, 2026, confirming that the company is undergoing corporate insolvency resolution under the provisions of the Insolvency and Bankruptcy Code, 2016. Consequently, all outstanding debts are being resolved according to the stipulations of the Code.The reporting details pertain to defaults concerning payment of interest or repayment of principal amount on loans from financial institutions and listed debt securities as of June 30, 2026.Financial data detailing RCOM's exposure stands as follows:Financial MetricAmount in Crore (Rs)Total...

Govt Likely to Introduce E25 Petrol in 'Calculated Manner' After Assessing Impact on Vehicle Performance Government Weighs Feasibility Before Green-lighting E25 Fuel Blend The government is likely to adopt E25 petrol, a blend consisting of 75 percent petrol and 25 percent ethanol, but it will do so in a "calculated manner." This decision follows consultation with industry stakeholders amid growing concerns regarding the impact of higher ethanol blends on vehicle performance and fuel efficiency.Official sources confirmed that the Centre is currently assessing the existing E20 blend. The assessment covers various aspects including vehicle components, engine performance, and mileage before any final move toward E25 can be made. A...

Trejhara Solutions to Hold Board Meeting to Approve Q1 Financial Results; Trading Window Closure Announced Trejhara Solutions Ltd has announced that a meeting of its Board of Directors is scheduled for Tuesday, August 04, 2026. The primary agenda item for the board meeting is to consider and approve the Un-Audited (Standalone & Consolidated) Financial Results of the Company for the quarter ending June 30, 2026.In addition to the Board meeting announcement, the company has provided details regarding the closure of its trading window concerning the company's securities.The Trading Window for dealing in Trejhara Solutions Ltd securities will be closed starting from Wednesday, July 01, 2026. The restriction on trading is set to remain...

Vintage Coffee And Beverages Ltd Allots Equity Shares Following Conversion of Warrants by Promoter Vintage Coffee And Beverages Limited announced that its Board of Directors has approved the allotment of 8,00,000 equity shares upon the conversion of convertible warrants held by Mr. Tati Sai Teja. The approval was granted following a Circular Resolution passed on July 7, 2026.The company allotted the new shares to Mr. Tati Sai Teja, categorized as a Promoter, at an issue price of Rs. 124/- per Equity Share. These equity shares are fully paid-up and have a face value of Rs. 10/- each, carrying a premium of Rs. 114/-, aggregating to a total consideration of Rs. 9,92,00,000/- (Rupees Nine Crores Ninety-two Lakhs Only).This action...