Markets

Dynamic Services Subsidiary Secures Order worth Rs 34,72,858 from Eastern Railway Jamalpur Workshop Dynamic Services & Security Limited, through its wholly owned subsidiary THE BHARAT BATTERY MFG CO PRIVATE LIMITED, has secured a significant work order from a railway entity. The contract concerns the supply of specialized batteries to the Office of the Dy Chief Materials Manager at Jamalpur Workshop in Eastern Railway Jamalpur.The order involves supplying FULLY CHARGED LEAD ACID STARTER BATTERY 450AH, (LM), (8V X 3)24V CAPACITY. This domestic contract has been awarded by the railway entity and is governed by the general terms and conditions of Indian Railways along with other stipulated tender documents.The agreement represents a...

RBI Slaps ₹13.30 Lakh Monetary Penalty on Sindhudurg District Central Co-operative Bank for Sanctioning Director-Related Loan Financial Institutions Face Scrutiny as RBI Imposes Penalty The Reserve Bank of India (RBI) has levied a significant monetary penalty against the Sindhudurg District Central Co-operative Bank Ltd. in Maharashtra. The bank was penalized ₹13.30 lakh (Rupees Thirteen Lakh Thirty Thousand only). This action comes after an order issued by the RBI on July 17, 2026.The fine was imposed for contravening provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949. The penalty was enacted in exercise of powers granted to the RBI under sections 47A(1)(c), 46(4)(i), and 56 of the BR Act...

INDO SMC Ltd Secures Rs 6660 Lacs Order for Supply of VFD Panels INDO SMC Ltd has secured a commercial order valued at Rs 6660 Lacs for the supply of Variable Frequency Drive (VFD) panels. The purchase order was received on July 21, 2026, from one of India's prominent engineering companies.The VFD Panel is described as an enclosed electrical cabinet that integrates a VFD along with necessary components such as switchgear, cooling systems, and safety elements. This type of panel regulates the speed and torque of electric motors by dynamically adjusting the voltage and frequency of the supplied power.The order represents significant business for INDO SMC Ltd, underscoring its execution capabilities and long-term relationship with the...

Spandana Sphoorty Financial Reports Strong Q1 FY27 Results, Noting Asset Quality Improvement and Growth Trajectory Spandana Sphoorty Financial Limited reported a performance improvement in its unaudited results for the quarter ended June 30, 2026. The company noted stable operational parameters coupled with enhanced asset quality metrics, driving revenue growth across key areas.The company’s Assets Under Management (AUM) expanded by 11% on a Quarter-on-Quarter (QoQ) basis, reaching ₹4,887 Cr. During the period, ₹1,371 Cr was disbursed, and portfolio originated under new credit rules accounted for 91% of microfinance AUM.Operational Strengths and Asset Quality Spandana Sphoorty Financial highlighted robust portfolio management and...

Bharat Petroleum Corporation Holds Conference Call Regarding Unaudited Financial Results for June Quarter Bharat Petroleum Corporation Ltd held a conference call on July 23, 2026, concerning the Unaudited Financial Results for the quarter ending June 30, 2026.The meeting provided stakeholders with information related to the company's financial performance during the specified period. The audio recording of the conference call, pertaining to these results, has been made available by the Corporation.BPCL Stock Price Movement Today, shares of Bharat Petroleum Corporation Limited shed 1.26% of their value, closing at ₹309.85 after trading finished. The stock saw a total traded volume exceeding 11.43 million shares in its session today.

Vedanta Power Limited Facility Agreement Details: US$ 2.25 Billion Commitment Secured Vedanta Power Limited, formerly known as Talwandi Sabo Power Limited, has provided details regarding a major Facility Agreement entered into by promoter group entities. The agreement pertains to a facility commitment totaling up to US$ 2.25 billion, structured with multiple international lenders and arrangers.The facility is related to the needs of members of the Group listed in India, including Vedanta Power Limited (VPL). While VPL is not a direct party to the Facility Agreement dated July 20, 2026, certain identified clauses within the agreement are applicable to VPL starting from the first Utilisation Date.The parties that entered into the...

Aster DM Healthcare Ltd to Change Name to Aster DM Quality Care Limited Aster DM Healthcare Limited will undergo a change in its corporate name, effective July 28, 2026. The company's existing trading symbol and name are set to be replaced by the new identity as of this date.The transition involves changing the registered name from Aster DM Healthcare Limited to Aster DM Quality Care Limited. This operational update pertains specifically to the company's identification across stock exchanges.Key details regarding the corporate renaming are presented below:Existing SymbolExisting NameNew NameASTERDMAster DM Healthcare LimitedAster DM Quality Care LimitedThe name change will be effective starting July 28, 2026.ASTERDM...

Pritika Auto Industries Addresses Shareholders Regarding Unclaimed Dividends from FY 2018-19 Pritika Auto Industries Limited has initiated contact with shareholders regarding dividend warrants that remain unclaimed and unpaid for seven consecutive years, specifically pertaining to the Financial Year 2018-19. The company has been periodically reminding stakeholders who have not encashed these outstanding amounts against their folio or demat account.The management notes that any money transferred to an Unpaid Dividend Account that remains unclaimed for a period of seven years from the date of such transfer is designated for transfer to the Investor Education and Protection Fund (IEPF). Shareholders are being alerted regarding these...

Vedanta Aluminium Metal Limited Subjected to Covenants in US$ 2.25 Billion Facility Agreement Vedanta Aluminium Metal Limited (VAML) faces operational covenants detailed within a large-scale Facility Agreement, even though VAML itself is not a direct party to the financial arrangement dated July 20, 2026. The facility agreement involves several members of the promoter group and concerns substantial commitments totaling US$ 2.25 billion.The agreement, which includes key entities as guarantors and related parties, was entered into for multiple purposes pertaining to the VRL Group. These purposes include the repayment of Financial Indebtedness, the payment of interest and associated amounts on Refinanced Existing Loans, and general...

SAIL Reschedules Analyst and Institutional Investor Meet for Q2 Results Discussion Steel Authority of India Ltd (SAIL) has revised the timing for its upcoming Analyst and Institutional Investor Meet (Group Meet). The meet, which is scheduled to discuss the financial results of the Company for the quarter ended June 30, 2026, will take place on July 28, 2026.Previously set at 11:00 AM, the Analyst and Institutional Investor Meet has been rescheduled to 9:30 AM on the same day. The discussion regarding SAIL's financial results will be conducted through a conference call.SAIL Stock Price Movement Today, shares of Steel Authority of India Limited shed 0.51%, closing down to ₹160.91 in post-market trading. The equity saw a total traded...

Crane Infrastructure Ltd Announces Board Meeting to Review Q1 FY2026-27 Un-Audited ResultsCrane Infrastructure Limited has scheduled a Board meeting to review the company's un-audited financial results for the first quarter of the financial year 2026-27.The meeting is set for August 13, 2026, and will be held at the registered office of the company in Guntur, Andhra Pradesh. The primary purpose of the board meeting is to consider and approve the un-audited financial results for the quarter ended on June 30, 2026.In addition to reviewing the quarterly performance, the Board is scheduled to address other matters as required.The company also confirmed restrictions regarding insider trading. As per its code of conduct, the trading...

Salem Erode Investments Ltd Approves Private Placement of Unlisted Secured Debentures Salem Erode Investments Limited has approved the issuance of a tranche of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement basis, following its Board meeting held on July 23, 2026.The Company decided to issue 40,000 Unlisted Secured Redeemable Non-Convertible Debentures, each with a face value of Rs. 1,000/- for cash at par. The total aggregate size of the issue is Rs. 4,00,00,000/- (Rupees Four Crore only).The debenture issuance was structured as a private placement offering and will be offered in one or more tranches. Allotment for these securities must be completed within 30 days from the date of receipt...

Jai Corp Ltd plastic processing unit operations stopped due to flooding in Vasona Jai Corp Ltd announced that operations at one of its plastic processing units located in Vasona were halted on July 23, 2026. The stoppage occurred following flooding inside the factory area, which was caused by heavy rains in the surrounding Silvassa area of Dadra and Nagar Haveli and Daman and Diu.The company confirmed that it had taken appropriate measures to ensure the safety of its personnel and equipment during the incident. Jai Corp is currently assessing the extent of damages and any impact on operations. Management stated that the situation is expected to begin normalizing gradually in the coming days, contingent upon improvements in the weather...

Rich Universe Network Ltd Posts Results for Quarter Ending June 30, 2026 Rich Universe Network Ltd, formerly known as Rich Capital & Financial Services Limited, has released its unaudited financial results and key operational updates for the quarter ended June 30, 2026. The company's management reviewed these results following a Board meeting held on July 23, 2026.The financial performance summary for the quarter is presented in lakhs:ParticularsQuarter Ended 30.06.2026 (Unaudited)Corresponding Figures Qtr ended 30.06.2025 (Audited)Year to Date Figures (Audited)Total Revenue from Operations21.090.000.00Other Income74.790.007292Total Income74.790.007492Total Expenses53816.42476Profit (Loss) before tax152868.3550.16...

Indian Energy Exchange Reports Q1 FY27 Results: Consolidated Profit Rises 11.7% Amid Rising Power Demand Indian Energy Exchange Ltd (IEX) has announced its unaudited financial results for the first quarter of the financial year 2026, ending June 30, 2026. The company reported a consolidated profit after tax (PAT) increase of 11.7%, driven by growth in electricity volumes and strong performance across various market segments including gas trading and international carbon exchange.The results highlight steady operational expansion as the national energy sector navigated challenging climatic conditions. Electricity volume reached 37.5 Billion Units (BUs) in Q1 FY27, marking a year-on-year (YoY) increase of 15.9%. The consolidated PAT for...

KYC Compliance Failure: RBI Imposes ₹50,000 Penalty on Hassan Co-operative Bank The Reserve Bank of India (RBI) has imposed a significant monetary penalty against The City Co-operative Bank, Hassan, Karnataka. This regulatory action targets serious non-compliance regarding 'Know Your Customer (KYC)' directions issued by the central bank.Monetary Penalty Imposed for KYC Non-Compliance The RBI ordered a fine of ₹ 50,000/- on the co-operative bank. The penalty was formalized through an order dated July 17, 2026. This action falls under the powers conferred upon the RBI via Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.Specific Compliance Deficiency Identified The imposition stems from deficiencies identified during...

CPS Shapers Limited Granted Indian Patent for Multi-Yarn Warp-Knitted Fabric Technology C P S Shapers Limited has been awarded an Indian patent for a specialized multi-yarn warp-knitted fabric designed to provide elastic recovery, breathability, and moisture wicking. The innovation strengthens the company's product portfolio across various high-performance apparel segments.The patent, granted by the Office of the Controller General of Patents, Designs and Trade Marks, is central to enhancing the company’s intellectual property assets. This patented technology holds significant potential for increasing competitiveness in both domestic and international markets.Patent Details Summary The invention, titled "A Multi-Yarn Warp-Knitted...

Twentyfirst Century Management Services Announces 40th AGM, Approves Remuneration Changes, and Confirms Related Party Transactions Twentyfirst Century Management Services Limited announced on July 23, 2026, that its Board of Directors had considered and approved several key business items, including the remuneration structure for certain senior management. The company also provided the notice for its 40th Annual General Meeting (AGM) and presented comprehensive financial results for the fiscal year ended March 31, 2026.The AGM is scheduled to be held on Thursday, September 3, 2026, via Video Conferencing (VC) or other Audio Visual Means (OAVM).Management Appointments and Remuneration Updates During the board meeting, the company...

Kanoria Energy Announces Q2 Financial Results and Dividend Approval Kanoria Energy & Infrastructure Ltd, which was formerly known as A Infrastructure Limited, announced several key decisions following its Board meeting held on July 23, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, and sanctioned a dividend payment on the company's preference shares.The resolutions passed during the meeting included approval of the un-audited financial results for the quarter ended June 30, 2026, along with the Limited Review Report. The Directors' report and the corporate governance report for the financial year 2025-2026 were also approved. Additionally, the Board authorized the payment of a dividend on...

Motilal Oswal Reports Highest-Ever Quarterly Profit, Driven by 46% Growth in Asset and Private Wealth Management Segment Motilal Oswal Financial Services Limited (MOFSL) reported a record high quarterly Total Profit After Tax (PAT) of ₹1,513 Cr for the first quarter of FY27, which includes Other Comprehensive Income (OCI). The strong performance was largely propelled by the Asset and Private Wealth Management segment, which recorded 46% year-on-year (YoY) growth.The consolidated results showcased a resilient business model underpinned by a strategic focus on annuity and fee-based revenues, with the Annual Recurring Revenue (ARR) share rising to 66%.Q1 FY27 Financial Performance Snapshot The company achieved an Operating PAT of ₹609...