Markets

Infosys Profit Surges 12% Amid Tech Demand; Global Stocks Face Volatility and Major Deal activity The market is witnessing significant corporate announcements, ranging from robust financial results at global IT giants to operational challenges reported by the aviation sector. Today's trading focus centers on key earnings releases, major institutional transactions, and strategic business developments across various sectors.Infosys Q1 Results Show Robust Growth and Leadership Transition Infosys announced highly positive consolidated Q1 results, reporting a 12.2% zoom in profit to Rs 7,769 crore from the previous Rs 6,921 crore. The company's revenue also saw a solid rise of 14%, reaching Rs 48,211 crore compared to Rs 42,279 crore last...

Asian Stocks Fall Amid AI Scrutiny as Geopolitical Tensions Spike Oil Prices Past $100 Barrier Asian stock markets retreated on a day marked by growing investor skepticism regarding the sustainability of the artificial intelligence (AI) rally. The MSCI Asia Pacific Index saw a 1% decline, while gauges in Japan and South Korea shed more than 2%. This sell-off followed a period of market volatility for megacap stocks.Tech Giants Face Scrutiny as AI Rally Demands Earnings Investor scrutiny over the AI sector intensified as markets began demanding evidence that massive spending would translate into commensurate earnings growth. Major tech firms saw significant downturns, signaling investor jitters about the stability of the trend...

Route Mobile Announces Q1 FY27 Results; Revenue Stands at Rs 1,151.51 Crore Route Mobile Limited, a Proximus Global company and leading cloud communication platform service provider, has released its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported revenue from operations at Rs 1,151.51 crore and Profit After Tax (PAT) of Rs 68.55 crore for the quarter.The results show a comparison across multiple periods, highlighting performance metrics both year-over-year (Y-o-Y) and against the previous quarter (Q4 FY26).Q1 FY27 Financial Highlights Consolidated financials for Q1 FY27 demonstrate growth in revenue compared to Q1 FY26. The financial highlights are detailed...

Blue Star Limited Wins Arbitration Against WJT; Dismissal of Claims Stated Blue Star Limited has successfully concluded arbitration proceedings against W.J. Towell & Co LLC (WJT) before the International Chamber of Commerce (ICC). The Arbitrator issued an Award in favor of the company, dismissing all claims made by WJT related to a Shareholders' Agreement dated October 1, 2015.The dispute involved arbitration proceedings initiated by WJT, an entity based in Oman, concerning matters related to the management of Blue Star Oman Electro Mechanical Company.Initial reports indicated that the arbitration claim filed against Blue Star Limited amounted to OMR 103,18,000 plus interest at seven percent on the total claim amount. This was...

3i Infotech Reports Q1 FY27 Revenue of ₹177.9 Crore, Driven by AAA Segment and Global Expansion Mumbai: 3i Infotech Limited, a leading provider of digital transformation and technology solutions, announced its consolidated financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ended June 30, 2026. The company reported operating revenue of ₹177.9 crore, reflecting a 4.3% year-on-year (YoY) growth and a sequential rise of 1.3%.The company maintained disciplined operational execution during the quarter, evidenced by a resilience in profitability metrics across its business lines. Furthermore, 3i Infotech secured substantial order bookings totaling TCV ₹240.9 Crore, with an ACV of ₹195.6 Crore.Financial and Operational...

Fractal Analytics Reports Q1 Results and Announces Change in Business Unit Slump Sale Timeline Fractal Analytics Limited has released its unaudited consolidated and standalone financial results for the quarter ending June 30, 2026. Concurrently, the company announced a revision regarding the sale and transfer of certain business units to a wholly owned subsidiary.The Board of Directors reviewed the results following the limited review conducted by B S R & Co. LLP, Statutory Auditors.Business Unit Transfer Update The company provided an update on the slump sale of identified business units, including Fractal Analytics Academy (FAA), Edtech, and Iqigai.ai, to Analytics Vidhya Educon Private Limited (AVEPL). AVEPL is a wholly owned...

Diamond Power Infrastructure Sets Floor Price for Qualified Institutional Placement of Equity Shares Diamond Power Infrastructure Limited has authorized the opening of its qualified institutional placement of equity shares, setting a floor price of ₹ 238.92 per share following approval by its Management Committee. The offering targets eligible qualified institutional buyers (QIBs).The Management Committee meeting on July 23, 2026, approved the preliminary placement document and the draft application form for the Equity Shares Issue. The committee also authorized the immediate opening of the proposed Issue.A key decision regarding the stock issuance was the determination of the floor price at ₹ 238.92 per Equity Share. This pricing...

PDS Limited Reduces Stake in DBS Lifestyle, Reclassifies Entity to Associate Status PDS Limited has announced the transfer of equity shares in DBS Lifestyle India Private Limited, which marks a significant change in the company’s relationship with the entity. The transaction involves PDS Limited reducing its stake and subsequently reclassifying DBS Lifestyle from a subsidiary to an associate.The company transferred 409 equity shares representing 2% of the share capital of DBS Lifestyle. Following this divestment, PDS Limited's shareholding in DBS Lifestyle is now approximately 49% of its equity share capital. Consequently, as of July 23, 2026, DBS Lifestyle has ceased to be a subsidiary and will continue as an associate of the...

Fractal Analytics Reports Q1 FY27 Results: Revenue Grows 20% as Net Income Surges 92% Mumbai | July 23, 2026 — Fractal Analytics Ltd has announced its consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported consolidated operating revenue of INR 9,125 million, marking a 20% increase year-on-year. Net Income grew significantly at 92% YoY, reaching INR 723 million.The results reflect strong margin expansion across the organization. Gross Margin stood at 46%, while the Adjusted EBITDA Margin expanded by 189 basis points (bps) YoY to 17%.Segment Performance and Client Engagement Fractal’s performance was driven particularly by its Healthcare and Life Sciences (HLS)...

3i Infotech Secures INR 6.32 Crore One-Year Renewal for DMS Helpdesk Services from Domestic Two-Wheeler Manufacturer 3i Infotech Limited has received a purchase order for the renewal of its DMS Helpdesk Services from a leading domestic two-wheeler manufacturer. The contract, which covers one year, amounts to INR 6.32 crore, exclusive of applicable taxes.The services involve the renewal and associated operational support related to DMS Helpdesk across approximately 2000 pan-India customer and dealer locations.The purchase order was received by 3i Infotech on July 21, 2026. The contract is set for a duration of 12 months.Key details regarding the service renewal are summarized below:ParticularsDetailsClient TypeA leading...

Sahana System Limited Shareholders Approve Bonus Issue, Capital Increase and Director Appointments Sahana System Limited announced that its shareholders passed several key resolutions during a postal ballot conducted via remote e-voting on July 23, 2026. The approved items included an increase in authorized share capital, approval for the issuance of bonus shares, and critical changes related to the company's stock listing migration and board appointments.The shareholder meeting confirmed that the resolutions were duly passed, covering major structural adjustments and operational milestones for the company.Key resolutions passed by shareholders include:Capital Structure: An Ordinary Resolution approving the increase in Authorized...

Akums' Subsidiary Acquires Oriflame India Manufacturing Business, Valued at INR 56 Crore Akums Drugs and Pharmaceuticals Limited is expanding its operational footprint into cosmetics after its wholly-owned subsidiary approved the acquisition of manufacturing assets from Oriflame India Private Limited. The transaction, finalized by the company's board on July 23, 2026, involves acquiring core production capabilities across multiple locations in India for a total consideration of INR 56 Crore.Pure and Cure Healthcare Private Limited, the subsidiary of Akums, will take over two manufacturing plants situated in Roorkee, Uttarakhand, and Noida, Uttar Pradesh. The acquisition package also includes a leased warehouse located in Noida.This...

Sahana System Limited Announces Bonus Equity Share Allotment Details Sahana System Limited has announced the details regarding the allotment of bonus equity shares, setting a specific record date for eligible shareholders. The company is issuing one fully paid-up equity share for every five existing equity shares held by members as on the record date.The Record Date for determining shareholder eligibility was fixed as Friday, July 31, 2026.According to the details provided regarding this bonus issue, the deemed date of allotment was Monday, August 03, 2026. The total number of bonus equity shares allocated is 17,67,421 Equity Shares.The new bonus shares will be available for trading starting from Tuesday, August 04, 2026.The...

Mphasis Reports Q1 FY27 Results: Revenue Climbs 3.3% QoQ; Total Contract Wins Reach USD 461 Million Mphasis Limited, a global AI-led technology solutions provider, announced its financial results for the quarter ended June 30, 2026. The company reported strong growth in revenue and noted significant TCV wins across major industry verticals.The board of directors approved the audited standalone and consolidated financial results at its meeting held on July 23, 2026, alongside the Auditor's Reports issued by M/s B S R & Co. LLP.Financial Performance Highlights For the quarter ended June 30, 2026, revenue grew by 1.8% sequentially in constant currency and 7.7% year over year (YoY) in USD terms, while reported revenue increased by 3.3%...

Max India Limited Allots Equity Shares Following Conversion of Warrants; Paid-Up Capital Reaches Rs 56.20 Crore Max India Limited has completed a significant capital transaction, announcing the allotment of equity shares following the conversion of Fully Convertible Warrants. The board of directors approved this move on July 23, 2026, substantially increasing the company's paid-up share capital.The Company allotted 36,19,594 Equity Shares at an issue price of Rs 222 per equity share. This allotment was made at a premium of Rs 212 per share and generated an aggregate amount of Rs 80,35,49,868/- on a preferential basis.The shares were allocated to various entities and individuals. The recipients included Max Ventures Investment...

Narayana Hrudayalaya Reports on Sustainability, Achieving 39.08% Renewable Energy Mix and Focusing on Social Impact in FY25-26 Narayana Hrudayalaya Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its operational scope, environmental commitments, and social impact initiatives. The report underscores the company's commitment to sustainable healthcare delivery while outlining significant milestones in energy transition and community support.The BRSR was independently assured by SGS India Private Limited, which conducted a Reasonable level of Assurance for the Core Indicators.Business Operations and Scale Narayana Hrudayalaya operates across both domestic and...

ACME Solar operationalizes 3.62 GWh Battery Energy Storage System projects in Rajasthan ACME Solar Holdings Limited has achieved a significant milestone in renewable energy storage, announcing that its operational BESS capacity now stands at approximately 3.62 GWh across three project sites located in Rajasthan. This achievement positions the company as one of the fastest scaling entities in the Indian Battery Energy Storage System (BESS) market, enhancing grid stability and supporting the shift toward reliable, round-the-clock renewable power generation.The company reported that through its various subsidiaries, ACME Solar commissioned approximately 2.29 GWh of BESS capacity during the current financial year to date. This addition...

Indiabulls Reports Strong Q1 FY27 Results with 36.7% PAT Margin and Zero Net Debt Status Indiabulls Limited, which operates across Real Estate and Financial Services, announced its financial and operational results for the first quarter of FY27, demonstrating continued growth while maintaining a zero-debt balance sheet.The company approved a preferential capital raise totaling ₹ 1,000.07 Cr to fund its growth pipeline exclusively through equity. In this financing, promoters committed ₹ 709 Cr, representing approximately 71% of the total raised amount. With these funds, net debt remains zero, and proceeds are designated for land acquisition, construction of the FY27 launch pipeline, and general corporate purposes.Financial...

Sai Silks Announces Schedule for Analyst and Investor Meetings Sai Silks (Kalamandir) Limited has set the schedule for meetings with investors and analysts, detailing how and when its officials will be interacting with stakeholders. The company stated that during these sessions, there will be no discussion of any unpublished price sensitive information.The scheduled interaction is designed to provide opportunities for the Company’s representatives to engage with institutional investors and analysts.Details regarding the upcoming meeting are as follows:Date & DayTimeMode of InteractionType of InteractionJuly 28, 2026 Tuesday3.00 P.M.VirtualOne to OneSai Silks (Kalamandir) Limited has noted that the scheduled meeting is...

Veerhealth Care Secures New Sample Order Worth 76.40 Lakhs from Leading FMCG Giant Veerhealth Care Limited, a rapidly growing listed company specializing in Ayurvedic and cosmetic formulation manufacturing, has received a new sample order worth approximately 76.40 lakhs from one of India's prominent FMCG companies for skincare products.The agreement involves the manufacture of these skincare items, which are scheduled to be launched under a specific new MRP structure designed for brand promotion and market expansion. The delivery timeframe for this initial sample order is set at 45 days.The client is identified as a leading FMCG company operating in both domestic and international markets within the personal and household care...