Markets

CAMS Reports Resignation of CEO of Fintuple Technologies following Share Acquisition Computer Age Management Services Limited (CAMS) has confirmed the resignation of Mr. Kaushik Narayan Badri, Chief Executive Officer (CEO) of Fintuple Technologies Private Limited. This change occurred after Fintuple was acquired by the company and subsequently became a wholly-owned subsidiary of CAMS.Mr. Badri resigned from his position as CEO of Fintuple Technologies Private Limited, which is a wholly-owned subsidiary of Computer Age Management Services Limited. His resignation took effect at the closing hours of July 20, 2026.The transition followed the completion of the acquisition process, whereby CAMS acquired shares previously held by the...

Go Digit General Insurance Approves Quarterly Results and Reschedules Tenth AGM Go Digit General Insurance Limited announced the approval of its unaudited financial results for the quarter ended June 30, 2026, following a Board meeting held on July 23, 2026. The company also confirmed the rescheduling of its Tenth Annual General Meeting (AGM).The Board of Directors approved the results, which were reviewed by the Audit Committee and subsequently assessed by Joint Statutory Auditors PKF Sridhar & Santhanam LLP and Kirtane & Pandit LLP. These financial updates include the Limited Review Report on the quarterly performance.Q2 FY26 Operational Results Overview The company reported key operational figures for the quarter ending June 30...

RBI Announces Major ₹20,000 Crore Buyback Drive for Government Dated Securities The Reserve Bank of India (RBI) has announced a significant initiative involving the buyback of certain Government of India Dated Securities (G-Secs). This operation is aimed at managing and optimizing the supply of these essential government bonds. The RBI will conduct an auction process for these securities totaling up to ₹20,000 crore (face value).Details of G-Sec Buyback Auction The buyback targets four specific categories of Government dated securities. These include 7.33% GS maturing on October 30, 2026, and 5.74% GS also due in late 2026. The RBI is also targeting the 8.15% GS bond, which matures on November 24, 2026.Additionally, the buyback...

Crown Lifters Releases Quarter Results; Board Approves Unaudited Financial Statements Crown Lifters Limited has announced its unaudited financial results for the first quarter ended on June 30, 2026. The company's Board of Directors approved these results, which were subsequently reviewed by the Statutory Auditors.The management reported a Net Profit after tax of 293.54 Lakhs for the period. The company operates in a single reportable segment.Q1 Financial Performance Overview (Ended June 30, 2026) The financial performance details for Crown Lifters across multiple periods have been provided as follows:ParticularsQuarter Ended 30-06-2026 (Unaudited)Quarter Ended 31-03-2026 (Audited)Quarter Ended 30-06-2025 (Unaudited)Year Ended...

Cella Space Ltd Announces Director Appointments and Redemption of Preference Shares The Board of Directors of Cella Space Ltd. approved several key appointments and resolved to redeem a portion of its preference shares during a meeting held on July 23, 2026. The decisions focused on strengthening the company's leadership structure and managing its capital base.Director AppointmentsThe Board formally appointed three additional directors: two in the Independent category and one in the Non-Independent category.Ms. Kolluru Bala Naga Manimala was appointed as an Additional Director in the Independent Category. Ms. Manimala brings 35 years of cross-sector experience, including healthcare delivery, community development, CSR strategy...

Kellton Tech Solutions Reports Q Results and Limited Review on June 30, 2026 Kellton Tech Solutions Limited released its unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2026. The company also provided a limited review report of these interim results, which were reviewed and approved by the Board of Directors on July 23, 2026.The consolidated statement of unaudited profit and loss reported total revenue from operations at ₹31,561.96 lakh for the quarter. For the same period, the company recorded a net profit from continuing operations amounting to ₹2,231.81 lakh.Key financial highlights for the consolidated entity are detailed below:ParticularsQtr Ended 30/06/2026 (Unaudited)Qtr Ended...

Aastha Spintex Ltd to Hold Board Meeting to Review Financial Results for FY2026 Aastha Spintex Limited announced that its Board of Directors will meet on Monday, July 27, 2026. The primary purpose of the meeting is to consider and approve the Audited Financial Results (Standalone) of the company for both the quarter and the financial year ending March 31, 2026.The agenda for the Board meeting includes reviewing the audited results along with the Report provided by the Statutory Auditors. In addition to the review of the financial performance, the board is scheduled to discuss any other business that requires the permission of the Chair.The company detailed the key items slated for consideration during the upcoming session in July...

ECB Holds Rates at 2.25% Amid Geopolitical Turmoil and Escalating Energy Shock Risks The European Central Bank (ECB) maintained its deposit rate at 2.25%, a decision that came as anticipated by investors and economists. However, the meeting was marked by intense internal debate among policymakers regarding an immediate interest rate hike to tame persistent inflation concerns fueled by global instability.President Christine Lagarde confirmed that the decision was unanimous but disclosed that some governors questioned whether the ECB should act now rather than waiting for a planned quarter-point increase in September. The bank reiterated its commitment to navigating the situation carefully, emphasizing a meeting-by-meeting approach...

Grovy India Ltd Approves Q1 FY2026 Results; Realty Division Leads Revenue Growth Grovy India Limited reported its unaudited financial results for the first quarter ended on June 30, 2026. The company's Board of Directors considered and approved these results following a meeting held on July 23, 2026. The company also released segment-wise performance data, reflecting strong activity across its divisions.The financial statements were reviewed by the company’s Audit Committee and subsequently approved by the Board of Directors. The independent auditor conducted a limited review of the results for the quarter ended June 30, 2026, finding no material misstatement regarding the required disclosures.Q1 FY2026 Financial Performance...

Reliance Industries Cancels Work Order for Vascon Engineers' Jamnagar Construction Project Vascon Engineers Ltd has confirmed that Reliance Industries Limited (RIL) has cancelled a significant work order related to a major construction project in Jamnagar. The cancellation pertains to the planned construction of four multi-story buildings at RIL's RG Expansion site.The work order, which was initiated following a Letter of Intent, involved the construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar. The original commitment from RIL to Vascon Engineers Ltd amounted to Rs. 131.58 Crore, excluding GST.The details of the cancelled contract and related project parameters are as follows:AspectDetails...

Diamond Power Infrastructure Posts Significant Net Profit Surge Amid Operational Complexities in FY2026 Diamond Power Infrastructure Limited, alongside its subsidiary DICABS Nextgen Special Alloys Private Limited, has reported a strong financial performance for the fiscal year ended March 31, 2026. The Consolidated Financial Statements show a substantial rise in net profit and earnings per share (EPS), despite ongoing challenges related to the reconciliation of the Property Plant & Equipment (PPE) register.The company’s consolidated financials highlight a significant improvement in profitability, with Net Profit for the year standing at ₹15,816.93 lakhs. This marks a considerable turnaround compared to the previous fiscal year, where...

India Ratings Affirms and Upgrades Credit Rating for JSW Energy (Utkal) Limited Bank Loan Facilities India Ratings and Research (Ind-Ra) has affirmed and upgraded the credit ratings for the bank loan facilities of JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Limited.The rating action was released by Ind-Ra on July 22, 2026. For the bank loan facilities of JSW Energy (Utkal) Limited, India Ratings affirmed the rating at 'IND AA(CE)/Stable/IND A1+'. Furthermore, the unsupported rating has been upgraded to 'IND AA-/Stable/IND A1+'.The ratings affirmation and upgrade provide insights into the financial standing related to the bank loan facilities of the subsidiary.JSWENERGY Stock Price Movement JSW Energy Limited shares...

RBI Slams ₹1 Lakh Penalty on Rajnandgaon Bank for Non-Compliance in Deposit Interest Rate Directions The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Rajnandgaon Kendriya Sahakari Bank Maryadit, located in Rajnandgaon, Chhattisgarh. The action targets deficiencies related to the bank's adherence to specific regulatory guidelines concerning 'Interest Rate on Deposits'. This regulatory penalty reflects RBI’s commitment to maintaining stringent compliance standards across all banking institutions.Penalty Imposed by RBI for Deposit Interest Mismanagement In an order dated July 16, 2026, the RBI penalized the Rajnandgaon Kendriya Sahakari Bank Maryadit with a fine of ₹1 Lakh (Rupees One Lakh only). This...

Avenue Supermarts Details Sustainability Performance and ESG Focus in FY 2025-26 Avenue Supermarts Limited (ASL) released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's operational scope, environmental footprint, employee welfare initiatives, and commitment to stakeholder engagement across its business activities. The Identified Sustainability Information was subject to a reasonable assurance engagement by Grant Thornton Bharat LLP.Operational Scale and Business Profile ASL, incorporated in 2000, operates with a network of 500 stores and 90 offices nationally. The company's business model is centered on retail sales, with its primary activities categorized...

Facility Agreement Details Emerge as Vedanta-Backed Entities Take on US$ 2.25 Billion Commitment A review of a recent facility agreement reveals that while Hindustan Zinc Limited (HZL) is not a direct party to the transaction, certain key related entities within the promoter group of Vedanta Limited are involved in a substantial commitment worth up to US$ 2.25 billion.The Facility Agreement, executed on July 20, 2026, involves several parties and aims primarily at servicing the financial needs of the VRL Group. The deal includes a total maximum commitment aggregating US$ 2,250,000,000. Of this amount, the commitment from the original lenders stands at US$ 1,545,000,000, with an additional increase commitment available up to US$...

Thomas Cook Issues Corporate Guarantee of USD 4.40 Million for Associate Entity Thomas Cook (India) Limited has issued a corporate guarantee valued at USD 4.40 Million in support of its indirect associate company, Digiphoto Entertainment Imaging LLC. The guarantee benefits the entity's credit facility sanctioned by ICICI Bank Limited.The decision to provide the Corporate Guarantee (CG) was authorized by the Sub Committee of the Board of Directors on July 23, 2026.Digiphoto Entertainment Imaging LLC is an indirect Associate of Thomas Cook (India) Limited. The company confirmed that there is no interest in this transaction from the promoter or promoter group, and the deal is conducted at arm's length.The guarantee will enable...

Fineotex Chemical Limited Reports Massive Quarterly Growth in Specialty Chemicals Segment Fineotex Chemical Limited has reported highly robust consolidated financial results for the quarter ended June 30, 2026, highlighting significant year-on-year growth across key operational metrics. The company's performance indicates substantial scaling and efficiency gains within its specialty chemical segment.Consolidated Financial Performance Highlights The company’s consolidated operations demonstrated a dramatic rise in income and profitability during the quarter compared to the prior period. Total Income from Operation increased by 164.48%, reaching Rs. 38,672 Lakhs from Rs. 14,622 Lakhs. Operational EBITDA saw a corresponding increase of...

Aar Shyam India Investment Company Ltd Approves Quarter Results and Releases Limited Review Report Aar Shyam India Investment Company Ltd has announced the outcome of its Board meeting for the quarter ended June 30, 2026, including the un-audited standalone financial results. The results have been reviewed by Statutory Auditors, with the company confirming that the statements were prepared in compliance with Ind AS 34.The company’s management approved the unaudited financial results and the limited review report issued by the Statutory Auditors for the quarter ended June 30, 2026. The Board meeting related to these matters was held on July 23, 2026.A Limited Review Report confirmed that based on the audit conducted, nothing had come...

Spandana Sphoorty Financial Reports Quarterly Results; Approves New Independent Director Appointment Spandana Sphoorty Financial Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company utilized the Board meeting held on July 23, 2026, to approve these results and appoint Ms. Dipali Hemant Sheth as a Non-Executive Chairperson.The Board meeting considered the company's financial performance across both standalone and consolidated segments. Key appointments approved during the session included making Ms. Hemant Sheth an Independent Director of the company and appointing her as Non-Executive Chairperson.Financial Performance Highlights (Quarter Ended June 30, 2026)...

US Stocks Plunge as Big Tech Earnings Reignite AI Spending Worries Amid Geopolitical Tensions Market Indexes Open Lower amid Tech Scrutiny and Oil Surge Wall Street indices opened in a negative sentiment on Thursday. This decline was driven by renewed concerns regarding massive spending related to Artificial Intelligence (AI). The first wave of earnings reports from major technology companies contributed significantly to the downturn.The Dow Jones Industrial Average fell sharply, losing 463.0 points, representing a 0.89% drop. It opened at 51755.54. The S&P 500 also registered losses, falling 80.7 points or 1.08%, starting the session at 7418.29.Nasdaq Composite Drops Amid AI Spending Concerns The technology-heavy Nasdaq Composite...