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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...

Waaree Energies Schedules Board Meeting for Q1 Financial Results; Imposes Insider Trading Restrictions Waaree Energies Ltd has announced that its Board of Directors will convene a meeting on July 29, 2026, to review and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.The management of Waaree Energies confirmed that the Board Meeting is scheduled to consider and approve these results in conjunction with other matters.In relation to insider trading practices, the company has mandated restrictions regarding securities dealing. The trading window for all Directors, Key Managerial Personnel, Designated Persons of the Company, and their Immediate Relatives will remain closed. This...

NIIT Learning Systems Posts Strong Q1 FY'27 Results as Revenue Jumps 25% Amid AI Focus NIIT Learning Systems Limited, a global leader in managed learning services, announced its unaudited financial results for the first quarter of Financial Year 2026-2027, covering the period from April to June 2026. The company reported robust growth across key metrics as it continues to integrate AI into its offerings and expand its client base.The company recorded a consolidated Net Revenue of Rs. 565.1 Cr in Q1 FY'27, marking a significant year-on-year increase of 25%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs. 103.2 Cr, up 9% year-over-year. Profit After Tax (PAT) for the quarter was reported at Rs. 57.4...

Refex Industries Announces Board Meeting to Approve Q1 FY2026-27 Financial Results Refex Industries Limited has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter of the financial year 2026-27. The meeting is set for Wednesday, July 29, 2026.The board meeting is scheduled with the primary agenda item being the review and approval of the Q1 results, which cover the period ending June 30, 2026.In continuation of prior disclosures, Refex Industries confirmed that the trading window for its securities for all Designated Persons, including Insiders, has been closed since April 01, 2026. The trading restrictions will remain in place until...

Meesho Reports Q1 FY27 Results: Net Merchandise Value Climbs 34% YoY as Contribution Margin Expands Meesho Limited announced its first quarter results for Fiscal Year 2026-27, highlighting steady growth in user base and marketplace activity while refining operational efficiency. The company reported that Net Merchandise Value (NMV) grew 34% year-over-year (YoY) to ₹11,614 Crores.The platform saw strong performance across key metrics during the quarter. Annual Transacting Users (ATUs) rose 29% YoY to 274 million, with Last Twelve Months (LTM) frequency improving to 10.3. Quarterly Placed Orders grew by 29% YoY to 725 million.Key Financial and Operational Metrics The company maintained a focus on disciplined capital allocation while...

ANDHRA PAPER LIMITED boosts Kadiam Unit production as second paper machine resumes operations ANDHRA PAPER LIMITED has reported a further improvement in the operational situation at its Kadiam Unit, following previous disruptions. The company announced that a second paper machine, which has a production capacity of 55 MT per day, resumed operations effective July 23, 2026.This resumption marks a significant step toward stabilizing manufacturing activities at the unit. Consequently, the aggregate operational production capacity at the Kadiam Unit has increased from approximately 70% to about 93% of its normal production capacity.The Company confirmed that it continues to take necessary operational measures aimed at the progressive...

Thomas Cook Clarifies Turnover Figure for Demerged Undertaking in Previous Disclosure Thomas Cook (India) Ltd has issued a clarification regarding a typographical error found in Annexure A of a disclosure made on March 20, 2026. The company addressed an unintentional mistake concerning the turnover of the Demerged Undertaking for the year ended December 31, 2025.The correction relates specifically to Clause 2 of Annexure A of the previous announcement. Due to a typographical error, the turnover was previously stated as INR 70 Crores, whereas it should correctly be read as INR 70 mn.Thomas Cook (India) Ltd confirmed that the discrepancy was purely inadvertent and not deliberate, confirming the accurate figure for investors and...

CIE Automotive India Ltd makes Q2CY2026 Results Conference Call audio recording available CIE Automotive India Ltd has made available the audio recording of its Quarter 2 Calendar Year 2026 Results Conference Call. The recording was released on July 23, 2026.CIEINDIA Stock Price Movement CIE Automotive India Limited shares today tumbled, shedding 11.79% to settle at ₹419 after trading in the post-market session. The stock experienced heavy selling pressure, with approximately 6.35 million shares traded and a daily low recorded at ₹411.3.

ITC’s Chairman details "Responsible Competitiveness" while highlighting corporate growth and sustainability efforts ITC Limited reviewed its performance and future strategies in an address delivered at the 115th Annual General Meeting on July 23, 2026. The Chairman, Sanjiv Puri, addressed the complex global economic climate, emphasizing the company's commitment to national value creation across agriculture, FMCG, and manufacturing.Mr. Puri noted that amid global volatility driven by crises and geopolitical tensions, Indian businesses must align their strategies with national resilience. He stressed that a nation’s progress is shaped by its economic and technological strength.Corporate Performance and Financial Highlights The company...

Nectar Lifesciences Extends Deadline for Empty Hard Gelatin Capsule Business Slump Sale Nectar Lifesciences Limited has announced an extension to the completion date of the slump sale involving its Empty Hard Gelatin Capsule business. The transaction, which is being executed on a lump sum basis, involves Capnest Health Care Private Limited as the purchaser.The Company and Capnest Health Care Private Limited have mutually agreed to extend the expected completion date for the transfer of the Empty Hard Gelatin Capsule business. The new deadline set for the slump sale is on or before December 31, 2026.The extension relates to the ongoing process of transferring the business previously disclosed by Nectar Lifesciences Limited. All other...

Oriental Aromatics Ltd. Schedules Board Meeting to Approve Q1 Financial Results Oriental Aromatics Ltd. has announced that its Board of Directors will convene on Thursday, July 30, 2026. The meeting is scheduled primarily to review and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.The company stated that the board agenda includes considering any other matter deemed fit by the Board of Directors.In addition to the board approval process, Oriental Aromatics has provided details regarding its insider trading restrictions. The trading window is closed effective July 1, 2026. This restriction will remain in effect until a period of 48 hours following the announcement of the...

Dudigital Global Limited Commences Provision of Consular Services for Indian Missions in Kuwait Dudigital Global Limited has commenced providing essential consular, passport, and visa services for the Embassy of India in Kuwait, following legal developments concerning a tender process for allied support services abroad.The Ministry of External Affairs (MEA), Government of India, had previously challenged a judgment and order dated July 15, 2026, passed by the Delhi High Court regarding the tendering process for outsourcing Consular, Passport, Visa, and allied support services for various Indian Missions overseas.In response to these developments, the Supreme Court of India issued an order on July 20, 2026. This order permitted the...