Markets

Actis Unveils $2 Billion Mega Sale of Renewable Giant BluPine Energy; Strategic Suitors Eye Clean Energy Breakthrough Actis, a major global infrastructure investor, has launched the comprehensive sale process for its Indian renewable energy platform, BluPine Energy. Industry sources report that the transaction is expected to be one of the largest deals in the domestic clean energy segment in recent years. Actis is seeking a premium enterprise valuation ranging from $2 billion to $2.5 billion for the significant asset.The Stakes of the Mega Transaction The sale of BluPine Energy arrives amid intense activity in India’s renewable sector. This move follows similar divestment efforts, such as the process recently undertaken by Shell Plc...

Cognizant Secures Critical Legal Victory as Bombay High Court Dismisses Atyati's Logo Dispute Plea NASDAQ-listed IT services giant Cognizant has achieved a significant legal win against Bengaluru-based Atyati Technologies. The Bombay High Court recently dismissed the interim injunction application filed by Atyati regarding the dispute over Cognizant’s company logo.This decisive ruling marks a major step in the prolonged trademark litigation between the two companies. It reaffirms Cognizant's position, following months of complex legal maneuvers involving multiple judicial levels.Rejection of Interim Injunction Provides Relief to Cognizant The dismissal means that Cognizant will not be bound by any interim restrictions based on...

India Ratings Withdraw Credit Rating for Bank Loan Facilities of Jaiprakash Power Ventures Ltd India Ratings and Research Pvt Ltd has withdrawn the credit rating assigned to certain bank loan facilities of Jaiprakash Power Ventures Ltd. This action was taken because the company does not plan to utilize any short term bank loans in the future.The withdrawal relates to Bank loan Facilities with a size of issue totaling Rs 5,000 million. The original rating assigned for this instrument was WD, which has now been withdrawn by the ratings agency.Details regarding the rating and facilities are as follows:Instrument TypeSize of Issue (Rs in million)Rating AssignedRating ActionBank loan Facilities5,000WDWithdrawnJPPOWER Stock...

Emerald Finance Ltd Partners with Vertex Industries to Launch Early-Wage-Access Program Emerald Finance Ltd has announced a strategic partnership with Vertex Industries Pvt. Ltd., Delhi, to introduce its new Early-Wage-Access program. This initiative aims to provide instant financial relief to employees by allowing them access to portions of their salaries throughout the month.The company's move reflects its commitment to expanding its offerings and serving retail customers. Emerald Finance has been actively developing a salary advance solution as part of this expansion effort.Under the new arrangement, the service involves short-term loans provided as a salary advance. The amount lent is subsequently collected through mandatory...

Growington Ventures India Confirms Non-Applicability of Obligations Related to Non-Convertible Securities for Q1 2026 Growington Ventures India Ltd has confirmed that certain compliance requirements related to non-convertible securities are not applicable to the company during the quarter ending June 30, 2026.The update provided by the company stated that the regulatory provisions were non-applicable as there were no non-convertible securities issued by Growington Ventures India Ltd. during this period.In relation to the financial standing of the company for the quarter ended June 30, 2026, the following statuses were confirmed:There was no payment due concerning interest, dividend, or principal obligations related to...

Siyaram Recycling Industries Secures Order Worth Rs 1,33,32,466 from Saanvi Metal Craft Siyaram Recycling Industries Ltd has secured a significant order from Saanvi Metal Craft for the supply of Brass Scrap Honey. The contract, valued at Rs 1,33,32,466, represents a fixed cost commitment from the domestic entity.The order details confirm that Siyaram Recycling Industries Ltd will execute the contract within seven days. Saanvi Metal Craft is the awarding entity for this transaction.Details regarding the secured order are summarized below:DetailDescriptionEntity Awarding OrderSaanvi Metal CraftProduct/Nature of TransactionBrass Scrap HoneyTotal ConsiderationRs 1,33,32,466/-Type of OrderFixed costTimeframe for...

Ceigall Secures Appointed Date for Construction of 6-Lane Greenfield Highway Project Ceigall India Limited's subsidiary, Ceigall VRK 12 Private Limited, has been informed by the National Highways Authority of India (NHAI) that July 6, 2026, is the Appointed Date for a major highway project. This development pertains to the construction of a significant greenfield corridor connecting Varanasi, Ranchi, and Kolkata under the Bharatmala Pariyojana in Jharkhand.The successful declaration of this appointed date marks a key milestone for the company as it progresses on infrastructure projects within India. The project involves constructing a 6-lane Greenfield Highway, scheduled from junction with NH-20 in Bongabar village to Junction with...

Ceigall India Ltd Receives Appointed Date for Construction of 6-Lane Greenfield Expressway in Jharkhand Ceigall India Ltd has been informed that the Appointed Date for a major infrastructure project under the Bharatmala Pariyojana in Jharkhand is July 6, 2026. This declaration was made by the National Highways Authority of India (NHAI) to Ceigall VRK 11 Private Limited, a subsidiary of the Company.The project involves the construction of a 6-lane Greenfield access control expressway running from Varanasi-Ranchi-Kolkata Highway in Jharkhand. The stretch runs from Donoreshan village to the junction with NH-20 in Bongabar village, covering kilometers 288.600 to km 325.500.The concession is structured under the Hybrid Annuity Mode...

Industry Giants Surge into IT Revolution: PM-SETU Transformation Anchored by Rs 1,237 Crore Investment Across Key States The government has greenlit a massive nationwide overhaul of India’s Industrial Training Institute (ITI) ecosystem. The 4th National Steering Committee (NSC), chaired by Ms Debashree Mukherjee, Secretary of the Ministry of Skill Development and Entrepreneurship (MSDE), approved the transition of PM-SETU from its pilot phase to a full national rollout. This pivotal move ensures that all 200 identified ITI clusters can be upgraded according to industry readiness and local implementation capacity.The committee also formalized measures aimed at simplifying the program's execution, encouraging robust participation from...

Festivals Drive Travel Decisions in India as Regional Celebrations and Experience-Based Trips Surge Festivals are increasingly shaping travel decisions among Indians, with regional celebrations emerging as key holiday travel drivers, according to insights from Thomas Cook (India) Limited and its Group Company SOTC Travel. The two companies note a trend where travellers are aligning their holidays with significant regional festivals, transforming traditional festive occasions into memorable travel experiences that incorporate spiritual journeys, cultural immersions, family gatherings, and international getaways.The trend is visible across major Indian source markets. Travellers in Kochi and Thiruvananthapuram are making the most of...

Jagsonpal Pharmaceuticals Completes Acquisition of Majority Stake in Aequitas Healthcare, Establishes Subsidiary Status Jagsonpal Pharmaceuticals Ltd has successfully completed the acquisition of a significant equity stake in Aequitas Healthcare Private Limited ("Aequitas"). Following the transaction, Aequitas is now established as a subsidiary of Jagsonpal Pharmaceuticals Limited.The company reported that it had initially planned to acquire an 85% stake in Aequitas. However, the completed transaction involved the acquisition of 69.77% of the equity in Aequitas.This strategic acquisition marks a key operational development for Jagsonpal Pharmaceuticals as it formalizes control over Aequitas Healthcare through this majority stake...

Aryaman Financial Services Acquires Shares in Wholly Owned Subsidiary for Business Expansion Aryaman Financial Services Ltd has undertaken a two-part share acquisition in its wholly owned subsidiary, Aryaman Finance (India) Limited. The transactions represent a significant infusion of capital aimed at expanding operational capacity, driving revenue growth, and enhancing market share within the financing sector.The first transaction occurred on June 25, 2026, when shares were allotted to Aryaman Financial Services Ltd. These shares comprised 69,445 equity units from Aryaman Finance (India) Limited. Each equity share was issued at an issue price of Rs. 144/- per share, comprising a face value of Rs. 10/- and a premium of Rs. 134/-. The...

Konstelec Engineers Limited Forms Joint Venture with HCC for Nuclear Infrastructure EPC Project Konstelec Engineers Limited has formed a domestic joint venture (JV) with Hindustan Construction Company Limited (HCC) to participate in bidding for and execute a major engineering, procurement, and construction (EPC) project related to nuclear infrastructure. The JV agreement was executed on July 7, 2026.The collaboration between the two established engineering and infrastructure companies is aimed at jointly participating in the tendering process for designing, engineering, procuring, constructing, installing, testing, and commissioning isotope production reactor facilities. These facilities include associated civil, electrical...

Swiggy Surges Past Majority Mark: Domestic Ownership Rises to 50.24% in Strategic IOCC Push Swiggy, the prominent food and grocery delivery platform, has achieved a critical financial milestone after domestic ownership in the company surpassed the 50 percent threshold. This development marks a significant step in Swiggy’s determined transition toward becoming an Indian Owned and Controlled Company (IOCC).The stock exchange filing made on July 7 confirmed the shift. As of July 6, foreign investment stood at 49.76 percent of its fully diluted paid-up equity share capital. Consequently, domestic ownership has risen to 50.24 percent.Understanding Swiggy’s Ownership TransitionWhile this disclosure confirms the crossing of the majority...

P N Gadgil Jewellers Ltd Reports Strong Q1 FY27 Performance Driven by Retail Growth P N Gadgil Jewellers Ltd reported a robust performance in its first quarter of Fiscal Year 2027 (Q1 FY27), achieving substantial revenue growth and demonstrating structural improvements across its business segments. The company noted that the strong results were driven primarily by the Retail segment, while maintaining steady operational expansion.Financial Performance Highlights The Company recorded a robust revenue growth of 41% year-on-year (YoY) in Q1 FY27.Key segment performance metrics included:Retail Segment: This segment saw significant growth at 56% YoY. The primary driver was Same Store Sales Growth (SSSG), which rose by 46% YoY...

RBI Imposes Compounding Fine on CARYSIL LIMITED Over Subsidiary Investment Reporting Delay CARYSIL LIMITED has been hit with a compounding order by the Reserve Bank of India (RBI) regarding the timely reporting of an overseas investment made by its subsidiary. The action resulted in a financial penalty of INR 1,44,000/- after the RBI’s Foreign Exchange Department issued the order on July 6, 2026.The Compounding Order, which falls under Section 15(1) of the Foreign Exchange Management Act (FEMA), 1999, pertains to a contravention of Regulation 13 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. The violation was committed due to the delay in reporting the investment made by CARYSIL’s...

Shri Krishna Prasadam Ltd Announces Resignation of Additional Executive Director Shri Krishna Prasadam Limited has announced that Mr. Parmod Chand Joshi has resigned from his position as Additional Executive Director on the Board of Directors. The resignation was effective from July 6, 2026, citing personal and unavoidable circumstances.The departure of Mr. Joshi marks a change in the company's executive structure.Key details regarding the resignation are summarized below:DetailInformationReason for ResignationPersonal and Unavoidable circumstancesDate of CessationWith Effect from 06/07/2026Director's ProfileNot Applicable (NA)SKP Stock Price Movement Shares of SKP Bearing Industries Limited hold steady at ₹153.75...

Bharat Heavy Electricals Signs Strategic Collaboration with thyssenkrupp nucera India for Green Hydrogen Projects Bharat Heavy Electricals Limited (BHEL) has signed a Strategic Collaboration Agreement (SCA) with thyssenkrupp nucera India Private Limited. The collaboration centers on the development and implementation of Alkaline Electrolyser Systems for green hydrogen projects in India.The agreement establishes a strategic tie-up between BHEL and thyssenkrupp nucera India Private Limited. This partnership is focused on leveraging technology to advance the domestic market for alkaline electrolyser systems, which are crucial components in green hydrogen initiatives.This collaboration is set to significantly bolster BHEL's involvement...

Luxury Purchase Signals Peak: eClinicalWorks CEO's Wife Acquires Worli Sea-Facing Apartment for Rs 162.2 Crore Radhi Girish Navani, wife of Girish Kumar Navani, co-founder and Chief Executive Officer (CEO) of the US-based technology firm eClinicalWorks, has made a significant high-value property purchase in Mumbai. She acquired a luxury sea-facing apartment in Worli's prime Naman Xana residential tower for Rs 162.2 crore.The transaction was formally registered on July 3, 2026, as per property documents obtained from real estate data analytics firm Zapkey. The residence is situated in the ultra-luxury Naman Xana tower located at Worli Sea Face, cementing its position among Mumbai's most exclusive addresses.Details of the Ultra-Luxury...

Promoter, Chairman and Managing Director of Yaap Digital Limited Passes Away Yaap Digital Limited announced the sudden demise of its Promoter, Chairman, and Managing Director, Mr. Atul Jeevandharkumar Hegde, in the early hours on July 7, 2026.Mr. Hegde was identified as a pivotal figure whose vision and leadership guided the company through its growth. The Board of Directors and the management expressed deep condolences to his family regarding this loss.Following the passing of Mr. Hegde, the existing Management Team will continue to oversee the affairs and operations of Yaap Digital Limited under the guidance and supervision of the Board of Directors. The company affirmed its commitment to ensuring business continuity and serving...