Markets

South Korean Tech Giants Plunge as AI Spending Concerns Clash with $100+ Oil Shock The South Korean stock market faced significant selling pressure on Friday, with benchmark indices retreating more than 5%. The downturn was driven by deep-seated concerns over slowing AI spending from major U.S. technology firms and the sudden spike in oil prices above the $100 mark per barrel.The KOSPI ended down 386.33 points, marking a decline of 5.44% to settle at 6,710.56 as of 0246 GMT. The sharp drop prompted a temporary sidecar trading curb on the market, halting programme trading for a period.KOSPI Slumps Amid AI Chip Vulnerability Chipmakers and technology stocks bore the brunt of the negativity. Samsung Electronics saw its shares slide by...

L&T Heavy Engineering Secures Multiple International Orders Across Africa, Asia, and Americas L&T Heavy Engineering, the hi-tech manufacturing arm of Larsen & Toubro, has secured a series of international orders spanning diverse global markets including Asia, Africa, North America, South America, and Europe. These contracts reinforce the company’s standing as a leader in process plant equipment on a global scale.The business recently won significant projects from Dangote Group, described as Africa's largest industrial conglomerate. The orders pertain to a mega refinery and multi-train fertilizer expansion in Nigeria and Ethiopia. The scope of work includes providing critical process equipment such as the world’s largest Fluid...

Infosys Plunges as Q1 Miss and Guidance Cut Ignite Market Jitters; Stock Falls Nearly 2% Infosys Ltd saw a sharp decline in early trading on Friday, emerging as the top loser among the Nifty 50 stocks. The IT giant's shares dropped by 1.99 percent to reach Rs 1,026.6, driven by weaker-than-anticipated fiscal first quarter earnings and a significant reduction in its FY27 revenue growth guidance. This performance has led several brokerage firms to adopt a more cautious stance on the stock.The broader market witnessed a sluggish session as all sectoral indices traded in the red. The Sensex declined 621.45 points, or 0.81 percent, settling at 75,769.94. Concurrently, the Nifty experienced a dip of 173.15 points (0.73 percent), closing the...

Lohia Corp IPO Alert: Why this Global Machinery Leader is set for a Major Growth Surge Geojit Financial Services has issued a 'Subscribe' rating on the upcoming Initial Public Offering (IPO) of Lohia Corp Ltd. The recommendation targets investors with a medium- to long-term investment horizon, citing the company’s robust market position and favorable industry outlook. Lohia Corp is positioned as a key player in the technical textiles sector, offering comprehensive solutions across the entire woven fabric value chain.Dominance in Technical Textiles Machinery Market Lohia Corp Ltd (LCL) stands out as a premier global manufacturer of machinery and equipment specifically designed for the technical textiles industry. The company...

Rupee Plummets Towards Record Low as Brent Crude Surges past $100 Amid Global Tensions Currency Weakens as Oil Prices Breach Key $100 Mark The Indian rupee opened weaker on July 24, trading at ₹96.63 against the dollar. This slip followed a rise in Brent crude prices that crossed the $100 per barrel mark after a two-month period. The surge immediately rekindled concerns regarding the nation's import bill and the widening current account deficit.The local currency is currently testing its limits, just about 30 paise away from touching the record low of ₹96.98 per dollar. This movement marks a significant depreciation in the market. Previously, the rupee crossed the Rs 96.50 per dollar level back in May when Brent crude prices had...

Grand Continent Hotels Enters Memorandum of Understanding to Develop Hotel in Vrindavan Grand Continent Hotels Limited (GCH) has formalized a Memorandum of Understanding (MOU) with M/s Shri Girraj Maharaj Hospitality, setting the stage for the development and operation of a new hotel facility in Vrindavan, Uttar Pradesh.The partnership focuses on transitioning from the MOU phase to a definitive lease or revenue share agreement. Grand Continent Hotels Limited is set to operate the property under the brand name 'Grand Continent Premier'.M/s Shri Girraj Maharaj Hospitality, which is registered under the Partnership Act, will be collaborating with GCH to secure the rights to operate the property located at A-4 Rukmani Vihar, Chhatikara...

Fineotex Reports Strong Q1 FY27 Results; Total Income Jumps 164% Mumbai, July 23, 2026: Fineotex Chemical Limited, a leading multinational specialty performance chemical manufacturer, announced its unaudited financial results for the first quarter of Fiscal Year 2026-2027. The Company reported robust growth across key metrics in Q1 FY27, driven by operational efficiencies and strategic integrations.The consolidated financial performance highlights significant increases in revenue and profitability for the period ending June 30, 2026.Particulars (₹ Cr.)Q1 FY27Q1 FY26YoY %Q4 FY26QoQ %Total Income386.72146.22164.48323.1919.66EBITDA59.1425.20134.6943.6935.37PAT48.2125.0392.6743.7910.07The Company noted that Total Income...

Crude Oil Poised for Massive Weekly Surge Amid Geopolitical Crisis; Gold Falls as Dollar Strengthens Global Energy Prices Rally on Supply Concerns Commodity markets demonstrated significant volatility on July 24. Geopolitical instability has bolstered crude oil, setting the commodity sector up for expected weekly gains. Meanwhile, precious metals faced headwinds amid strengthening U.S. dollar and rising Treasury yields.Oil prices were particularly boosted by escalating geopolitical tensions in the Red Sea involving Houthi attacks targeting oil tankers. This heightened uncertainty created concerns regarding potential supply disruptions globally. Furthermore, Kazakhstan temporarily reduced its production following the shutdown of a main...

Automobile Corporation of Goa Ltd. Schedules Board Meeting to Approve Q1 Financial Results Automobile Corporation of Goa Ltd. announced plans for a Board meeting to consider and approve the Audited Financial Results for its first quarter ended June 30, 2026. The company also communicated details regarding the status of its insider trading window.The Board of Directors Meeting is scheduled to take place on Wednesday, August 5, 2026. During this meeting, the directors are expected to review and approve the Audited Financial Results for the quarter ending June 30, 2026, along with the accompanying Reports of the Auditors.In addition to the board scheduling, Automobile Corporation of Goa Ltd. confirmed that its designated persons have...

Organon Shareholder Approval Achieved for Sun Pharma's Proposed Acquisition Sun Pharmaceutical Industries Limited has announced that shareholders of Organon & Co. have approved the proposals related to the previously announced merger transaction. This approval marks a significant milestone toward the completion of the proposed acquisition.The shareholder consent confirms that Organon is expected to become a wholly owned subsidiary of Sun Pharmaceutical Holdings USA, Inc., which operates as an indirect wholly owned subsidiary of Sun Pharma. The successful shareholder approval keeps the acquisition process moving forward, though the transaction remains subject to customary closing conditions and applicable regulatory approvals. For...

ICICI Bank Issues USD 1 Billion Senior Unsecured Fixed Rate Notes under Global Medium Term Note Programme ICICI Bank Limited, operating through its IFSC Banking Unit, has successfully priced and issued USD 1 billion worth of Senior Unsecured Fixed Rate Notes. This issuance forms part of the Bank's larger USD 7.5 billion Global Medium Term Note Programme. The pricing was completed on July 24, 2026.The newly issued Notes are denominated in US dollars (USD) and are unsecured. The net proceeds generated from the issue of these Notes are designated for the Issuer's general corporate purposes, consistent with relevant guidelines.Key Transaction Details A comprehensive look at the terms and structure of the Notes is provided below...

Pan-India Healthcare Giant Manipal Hospitals Sets Sights on Market with Mammoth IPO Bengaluru-based Manipal Health Enterprises is preparing for a major market debut, having announced its maiden public issue. The IPO, which includes a fresh issue and an Offer For Sale (OFS), aims to raise a significant capital amount in the highly competitive healthcare sector.The company is set to open its subscription window on July 29, following a dedicated anchor book opening scheduled for July 28. The primary market offering is anchored at a price band of Rs 560-590 per share.IPO Structure and Key Dates Manipal Health Enterprises plans to raise a total of Rs 9,275 crore through the issue. This target capital includes a fresh equity issue...

Gold Prices Tumble Amid Profit Booking as Crude Oil Rises Ahead of US Federal Reserve Decisions Bullion prices witnessed a marginal dip in early trading on July 24th. The market saw investors booking profits, leading to a slight downturn for gold and silver. This move came against a backdrop of higher crude oil prices and an elevated dollar index.The international spot gold price declined by 0.16 percent. It stood at $4,043.60 per ounce during the morning trade on Comex. Simultaneously, silver dropped 0.46 percent to $57.78 per ounce in global markets.Global Bullion Market Trends The international slowdown is reflecting current investor sentiment. The decline in spot prices signals traders taking profits from recent gains. This...

Automobile Products of India Fined Rs 14,98,600 for Non-Compliance with Public Shareholding Norms Automobile Products of India Ltd has been fined a total of Rs 14,98,600 (inclusive of GST) following an issue related to minimum public shareholding requirements. The fine pertains to non-compliance across the period spanning January 01, 2026, and May 07, 2026.The penalty notice was received by the company from BSE Limited regarding violations of regulations concerning minimum public shareholding in relation to its listing obligations.Automobile Products stated that the management is actively working towards remedying the situation and is currently processing actions required to comply with the minimum public shareholding requirements...

Lord's Mark Industries Limited Allots 7,02,167 Equity Shares via Preferential Issue Lord's Mark Industries Limited announced the preferential allotment of equity shares following its Board meeting held on July 23, 2026. The company approved the issuance of 7,02,167 Equity Shares, each with a face value of Rs. 10/-.The allotment was executed based on Consent Terms dated June 2026 and the Order passed by the Hon'ble High Court of Judicature at Bombay. The court order specifically relates to Commercial Arbitration Petition (L) No. 12942 of 2026, involving Satyaprakash Krishnarao versus Lord's Mark Industries Limited and others.The shares were allotted as a result of the settlement terms, with the issue price set at Rs. 10/- per share...

Belding India Acquires 100% Stake in Evolve IT Solutions to Expand Indigenous Security Technology Capabilities Pune: Diversified engineering and technology company Belding India Limited has announced the acquisition of a 100% equity stake in Evolve IT Solutions Private Limited. This strategic move is set to significantly bolster Belding's capabilities in indigenous advanced manufacturing and security technologies.The acquisition allows Belding, which operates across Battery Energy Storage Systems (BESS), Modular Data Centers, Edge Computing Infrastructure, Power Electronics, Advanced Manufacturing, and Defence Technologies, to establish a strong presence in the growing sector of security screening and critical infrastructure...

Dachepalli Publishers Ltd Schedules Earnings Conference Call for Q1 FY27 Results Dachepalli Publishers Ltd has scheduled an Earnings Conference Call to discuss the Unaudited Financial Results for the Quarter ended on June 30, 2026. The event is set for Tuesday, July 28, 2026, at 04:00 P.M.The conference call aims to provide stakeholders with details regarding the company's performance during the specified quarter.Key Event Details The Unaudited Financial Results pertain to the Quarter ended on June 30, 2026. The meeting will be held virtually.MetricDetailCompany NameDachepalli Publishers LtdFinancial PeriodQuarter ended June 30, 2026Conference Call DateJuly 28, 2026Time04:00 P.M.Speakers and Participants The...

Restaurant Brands Asia Ltd to Host 13th Annual General Meeting on August 20 Restaurant Brands Asia Limited has announced details regarding its Thirteenth Annual General Meeting (AGM). The meeting is scheduled to take place on Thursday, August 20, 2026.The company specified that the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).Further details pertaining to the event are planned for release in due course.RBA Stock Price Movement On Thursday, Restaurant Brands Asia Limited shares slipped by 1.85% to settle at ₹64.90. The stock registered a volume of 3.17 million shares as trading concluded for the session.

Mrs. Bhawna Khanna Resigns as Independent Director of Supershakti Metaliks Ltd Supershakti Metaliks Ltd has announced the resignation of Mrs. Bhawna Khanna from her position as an Independent Director, effective from the closure of business hours on July 22, 2026. The company confirmed that the departure was due to personal reasons.Mrs. Bhawna Khanna tendered her resignation in light of these personal circumstances, serving on the Board of Directors at Supershakti Metaliks Ltd.Details concerning Mrs. Khanna's role and professional commitments are summarized below:ParticularsDetailNameMrs. Bhawna Khanna (DIN: 06886294)Reason for ResignationPersonal reasonsCessation DateClosure of business hours on July 22, 2026...

Karronn Naresh Bajaj Acquires 15.57% Stake in Mitshi India Ltd Via Share Purchase Agreement Karronn Naresh Bajaj has entered into a Share Purchase Agreement (SPA) with the Promoter Sellers of Mitshi India Limited, agreeing to acquire a significant portion of the company's voting share capital. The transaction was formalized on July 23, 2026.Under the SPA, Karronn Naresh Bajaj agreed to acquire 13,70,070 Equity Shares of Mitshi India Ltd, representing 15.57% of the company's total voting share capital. The consideration for this acquisition was set at ₹22,05,51,050/- (Rupees Two Crore Five Lakh Fifty Onc Thousand Fifty).The agreement details indicate that the Acquirer, Mr. Karronn Naresh Bajaj, does not have any prior relationship or...