Markets

Crompton Greaves faces partial tax demand after Joint Commissioner rules on FY 2019-20 assessment Crompton Greaves Consumer Electricals Limited has received a decision from the Joint Commissioner of State Tax (Appeal-IV), Mumbai, regarding a pre-existing assessment related to the financial year 2019-20. The appellate body partially allowed the demand order initially passed by the Deputy Commissioner of State Tax.The company is now planning to appeal this latest ruling in accordance with Section 112 of the SGST Act, 2017, and has expressed reasonable expectations for a favorable outcome from higher appellate authorities.The original assessment stemmed from a demand raised pursuant to the assessment order passed by the Deputy...

Aye Finance Approves Issuance of Up to ₹220 Crore in Secured Non-Convertible Debentures Aye Finance Limited has approved a significant issuance of secured non-convertible debentures (NCDs), aggregating up to Indian Rupees 220,00,00,000. The approval was granted by the company's Working Committee of Asset and Liabilities Committee (WALCO) during a meeting held on July 23, 2026.The debentures are being issued for cash through a private placement mechanism, with a total nominal value of INR 220,00,00,000. These instruments, which carry a face value of INR 1,00,000 each, have been categorized as rated, senior, listed, secured, transferable, and redeemable non-convertible debentures. The issuance includes a green shoe option allowing for...

Jagjanani Textiles Ltd Announces Resignation of Whole Time Director Shiv Kumar Singhal Jagjanani Textiles Limited has confirmed the resignation of Mr. Shiv Kumar Singhal from his position as a Whole Time Director and Key Managerial Personnel (KMP). The change is effective immediately, dated 23rd July, 2026.The company’s Board of Directors formally took note of the departure of Mr. Singhal. He tendered his resignation in writing and will be relieved from his responsibilities with immediate effect as of 23rd July, 2026.Mr. Shiv Kumar Singhal's resignation is attributed to pre-occupation and other personal commitments. The company confirmed that there are no other material reasons for the decision beyond those stated in the resignation...

Global Markets Surge as AI Drives Massive IPO Listings, But Bubble Fears Loom Large In a blistering display of market enthusiasm, global stock listings have reached monumental levels, driven primarily by technology and Artificial Intelligence (AI) firms. Consultancy reports reveal that $194 billion was raised in stock market listings worldwide during the first half of 2026. This figure represents triple the volume recorded in the same period in 2025 and surpasses the total listings of last year, according to data from EY.Market Dynamics: The Surge Fueled by Technology The sheer magnitude of this listing frenzy is concentrated heavily in select sectors. AI firms and technology giants are financing massive investments needed for...

Morepen Laboratories Subsidiary Changes Name Following Free Zone Migration Morepen Laboratories Limited has announced a name change for its wholly owned subsidiary following the migration of the entity from one free zone authority to another. The company's subsidiary transitioned from operating under the International Free Zone Authority (IFZA) to the Jebel Ali Free Zone (JAFZA).The subsidiary’s previous name was "Morepen Labs - FZCO." As a result of this shift, effective from July 20, 2026, the subsidiary's name has been updated to "Morepen Labs FZE."This corporate update was confirmed after JAFZA issued a certificate of continuation and a trading licence related to the changes. Both documents were dated July 23, 2026.MOREPENLAB...

Facility Agreement Executed: Vedanta Group Secures $2.25 Billion Commitment for VRL Operations Vedanta Limited has noted the execution of a Facility Agreement totaling up to US$ 2,250,000,000 involving entities within the promoter group, designed to support the operations of Vedanta Resources Limited (VRL). The agreement was formally entered into on July 20, 2026.While Vedanta Limited is not a direct party to the Facility Agreement, significant encumbrances have been placed over VEDL shares in line with the terms of the financing documents.The facility agreement’s primary purpose is the repayment and payment of interest and other amounts accrued on the Financial Indebtedness of the VRL Group, as well as covering fees, costs, and...

Spandana Reports ₹12 Cr PAT as AUM Reaches ₹4,887 Cr, Reflecting Sector Growth Mumbai, July 23, 2026 — Spandana Sphoorty Financial Limited today announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a Profit After Tax (PAT) of ₹12 Cr, which is a significant increase compared to ₹5 Cr in the previous quarter.The Management stated that Spandana is on a growth trajectory as the microfinance sector emerges from challenging phases, with key indicators showing improvement across operations and portfolio health. The company’s Assets Under Management (AUM) increased by 11% Quarter-on-Quarter (QoQ), reaching ₹4,887 Cr from ₹4,420 Cr at the end of March 2026.During the quarter, Spandana disbursed...

Big Market Shift: SEBI Proposes Unleashing PMs to Invest Overseas and Adopt Higher Risk Strategies India’s securities regulator, SEBI, has introduced a sweeping proposal aimed at vastly expanding the investment avenues available to Portfolio Managers (PMs). The comprehensive overhaul seeks to significantly improve the ease of doing business in the market. These changes will allow PMs to invest both overseas and into previously restricted asset classes.The proposed flexibility is driven by the massive growth of India's portfolio management industry. Assets managed by this sector surged from ₹18.07 trillion in April 2019. They grew to ₹42.61 trillion as of May 31, 2026, highlighting the demand for diversified and sophisticated...

Shiva Cement Ltd Secures Consent to Operate for Dolomite Mining in Odisha Shiva Cement Ltd has received the necessary consent from the State Pollution Control Board, Odisha, enabling it to commence operations at its dolomite mines located in Sundargarh district. The approval pertains to the production and mining of Dolomite at the Khatkurbahal (North) Block Limestone and Dolomite Mines.The grant of Consent to Operate is secured under section 25/26 of the Water (Prevention & Control of Pollution) Act, 1974, and section 21 of the Air (Prevention & Control of Pollution) Act, 1981. This crucial regulatory approval allows Shiva Cement Ltd to commercially undertake the mining and sale of dolomite from the facility located in Biringatoli...

Power Grid Extends Additional Charge of Director (Projects) for CMD Burra Vamsi Rama MohanPower Grid Corporation of India Limited has extended the additional charge held by its Chairman & Managing Director, Shri Burra Vamsi Rama Mohan, regarding the post of Director (Projects).The extension mandates that Shri Burra Vamsi Rama Mohan will continue holding the additional charge for a further period of three months. This role has been effective since July 1, 2026.The continuation of this additional charge is subject to whichever occurs earlier: the assumption of the post by the regular incumbent or the issue of further instructions. The extension was granted in accordance with Ministry of Power Order No. 25-11/3/2026-PG(MoP)-Part(1)...

SPP Polymer Limited Approves Key Director Reappointments and Registered Office Shift SPP Polymer Limited, during a Board Meeting held on July 23, 2026, approved several key decisions concerning its internal audit structure, corporate governance appointments, and the relocation of its registered office.The Board meeting confirmed approvals for significant changes in organizational structure. The company received approval from the Regional Director, Delhi, dated July 16, 2026, allowing the shift of the Registered Office jurisdiction from ROC Delhi to the jurisdiction of ROC Dehradun within Uttarakhand. This change was approved by the Board and is effective from July 24, 2026.The company also finalized appointments for several key...

Thyrocare Technologies Approves In-Principle Evaluation of NHL Radiology Business Demerger Thyrocare Technologies Ltd has announced that its Board of Directors has given in-principle approval for evaluating a proposed restructuring involving a portion of its subsidiary’s business. The focus of the potential transaction is the demerger of Nueclear Healthcare Limited (NHL) radiology operations outside of the existing group structure.Nueclear Healthcare Limited, a wholly owned subsidiary of Thyrocare Technologies Ltd, operates in the specialized field of advanced cancer diagnostics and nuclear medicine. NHL runs PET-CT and CT imaging centers and provides comprehensive nuclear medicine diagnostic services. The company also manufactures...

ICICI Lombard Allots 20,957 Equity Shares Across Employee Stock Schemes ICICI Lombard General Insurance Company Ltd has announced the allotment of a total of 20,957 equity shares, each valued at ₹10. The allotment took place on July 23, 2026, and pertains to various employee stock schemes managed by the company.The newly allotted equity shares are intended for employees under two specific schemes: the ICICI Lombard Employees Stock Option Scheme - 2005 and the ICICI Lombard Employees Stock Unit Scheme - 2023.According to the details released by the company, the allotment breakdown is as follows:SchemeNumber of Shares AllottedICICI Lombard Employees Stock Option Scheme - 200518,160ICICI Lombard Employees Stock Unit Scheme -...

Apcotex Industries Announces Earnings Conference Call for Q1-FY27 Apcotex Industries Ltd has scheduled an Earnings Conference Call regarding its financial performance for the first quarter of fiscal year 2027 (Q1-FY27). The call is set for Thursday, July 30, 2026, and aims to discuss the company’s results for the quarter ended June 30, 2026.The conference call will provide investors and stakeholders an opportunity to review the financial status of Apcotex Industries Ltd for the specified period. Management representatives who will be participating in the discussion include Mr. Abhiraj Choksey, Vice Chairman & Managing Director, and Mr. Vivek Thakur, Chief Financial Officer.Investors are invited to join the session online as per the...

Chambal Fertilisers and Chemicals to Host Conference Call on Q1-FY27 Financial Results Chambal Fertilisers and Chemicals Limited (CFCL) has announced that it will host a conference call for analysts and investors to discuss the Company’s financial results for the quarter ended June 30, 2026. The event is scheduled for Friday, July 31, 2026, at 11 AM IST.Senior management from CFCL will attend the conference call to review the financial performance of the first quarter of fiscal year 2027 (Q1-FY27). The representatives slated to participate include Mr. Abhay Baijal, Managing Director, and Mr. Narinder Goyal, Business Head - Manufacturing Operations.Other key personnel attending the session include Mr. Anuj Jain, Chief Financial...

Music Broadcast Ltd Releases Conference Call Audio Recording for Q1 2026 Results Music Broadcast Ltd has made available the audio recording of the conference call dedicated to discussing the financial performance for the first quarter ended June 30, 2026.The conference call was held on Thursday, July 23, 2026, at 03:30 p.m. (IST). The recording provides stakeholders with insight into the Company's Q1 results.Investors can access the audio recording on the official website of Music Broadcast Ltd. The details related to the Company are as follows:MetricDetailCompany NameMusic Broadcast Ltd (Radio City)Reporting PeriodFirst Quarter ended June 30, 2026Conference Call Date and TimeThursday, July 23, 2026 at 03:30 p.m. (IST)...

Mystic Electronics Ltd to Hold Board Meeting to Approve Q2 Financial Results Mystic Electronics Limited announced that its Board of Directors is scheduled to convene on Wednesday, July 29, 2026. The primary agenda item for the meeting will be considering and approving the un-audited financial results for the quarter ended June 30, 2026.The company also provided information regarding the trading window for its securities. This is in continuation of previous guidance related to trading by Designated Persons and their immediate relatives. As per the Company's Code of Conduct, the trading window shall remain closed up to 48 hours following the declaration of the Financial Results for the quarter ended June 30, 2026.Stock Price Movement...

NIIT Learning Systems Releases Unaudited Financial Results for Q ended June 30, 2026 NIIT Learning Systems Limited announced the unaudited Consolidated and Standalone Financial Results for the quarter ending June 30, 2026. The Board of Directors approved these results, along with the Limited Review Reports from statutory auditors, in a meeting held on July 23, 2026.The financial results reflect the Company’s performance across various reporting periods, including the three months ended June 30, 2026, the preceding three months ended March 31, 2026, the corresponding three months ended June 30, 2025, and the previous year ended March 31, 2026.Consolidated Financial Highlights (Q ended June 30, 2026) Under the consolidated results...

Current Infraprojects Limited Appoints New Directors and Auditors at Board Meeting Current Infraprojects Limited (CIPL) announced significant appointments following its Board of Directors meeting held on July 23, 2026. The company appointed two additional directors, set a term for a new Secretarial Auditor, and approved the appointment of an Internal Auditor for the upcoming financial year.Among the key additions is Mr. Shailender Singh Naruka, who was appointed as an Additional Director designated as a Whole-time Director for CIPL. Mr. Naruka's tenure spans from July 23, 2026, to 2030-31 and is subject to approval by the Members at the ensuing General Meeting.The company also appointed Mr. Chetan Dadhich, who serves as CEO of CIPL...

Seamec Limited Signs Diving Agreement with HAL Offshore Limited for Subsea Services Seamec Limited has entered into a Diving Agreement with M/s. HAL Offshore Limited (HAL) to procure essential subsea services. The agreement involves availing Diving Subsea Services aboard the ONGC Vessel 'SAMUDRA PRABHA,' which is managed by Seamec.The transaction, executed on July 23, 2026, carries a total contract value estimated at USD 9.42 million, exclusive of GST. The agreement involves a related party transaction and is conducted on an arm's length basis and within the normal course of business operations for both parties.Key Terms of the Agreement M/s. HAL Offshore Limited is the Promoter of Seamec Limited. This relationship context is noted...