Markets

Indian Railways Surges into Future with Indigenous Tech, Zero-Emission Hydrogen Fleet, and Major High-Speed Rail Expansion Indian Railways (IR) is undergoing a comprehensive modernization drive, transitioning from traditional rail transport to a highly advanced ecosystem of high-speed corridors, AI-driven safety systems, and diverse passenger services. This massive infrastructural overhaul underscores IR's commitment to national economic integration and inclusive mobility for all sections of society. The railway network is seeing rapid expansion through indigenously developed train sets across multiple classes—from luxury Vande Bharat Expresses to affordable Amrit Bharat trains.Revolutionizing Passenger Travel with Multi-Tiered Train...

Graphite India Limited Receives Order Regarding Input Credit Availment Graphite India Limited has received an order from the Additional Commissioner (Appeals), State Tax, LTU concerning a matter related to the excess availment of input credit under the CGST/WBGST Act, 2017.The company received the relevant order on July 20, 2026, pertaining to the assessment conducted under Section 73 of the CGST/WBGST Act, 2017. The order detailed the issues related to Input Tax Credit (ITC).As per the details of the order, which was issued on July 20, 2026, the financial demands include:ParticularsFinancial ImplicationTax (IGST+CGST+SGST)Rs. 35,98,869Interest (IGST+CGST+SGST)Rs. 35,52,232Penalty (IGST+CGST+SGST)Rs. 3,59,886...

Coforge Launches Nuuron: The AI Operating System Designed for Autonomous Enterprises Coforge Limited, a global AI-native engineering services leader, has announced the launch of Coforge Nuuron, an Artificial Intelligence Operating System (AI-OS) aimed at helping enterprises transition beyond isolated AI projects to industrialize AI-driven outcomes across their operations.The AI-OS is built upon years of investment in various AI-native platforms, including Forge-X™, evolveOps.AI™, CodeInsight.AI™, Data Cosmos™, Quasar™, and BLUESWAN. Nuuron establishes a unified operational layer that connects an enterprise's workflows, decisions, actions, knowledge, and business context. This infrastructure allows organizations to deploy agentic AI at...

Rupee Treads Cautiously as Global Oil Prices Surge Amid West Asia Hostilities The Indian Rupee settled slightly weaker against the US dollar on Thursday, closing at 96.57 (provisional). This minor depreciation came despite intense geopolitical tensions in West Asia, which continue to keep global crude oil prices elevated. Forex traders note that a likely intervention by the Reserve Bank of India (RBI) provided significant support to the local currency unit throughout the day.Rupee Movement and Global Crude Surge The rupee depreciated 4 paise from its previous close. On Thursday, the currency traded within a narrow range of 96.45-96.59 in the interbank foreign exchange market, eventually settling at 96.57. This marks a slight movement...

HEC Infra Projects Announces AGM Details and Appoints Auditors for Multiple Years HEC Infra Projects Limited has announced the outcomes of its Board meeting, detailing the upcoming Annual General Meeting (AGM) and confirming the appointment of new Secretarial and Cost Auditors for the company.The company stated that the 21st Annual General Meeting (AGM) is scheduled to be held on Friday, September 18, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).Shareholders have been given facilities for both 'Remote e-voting' and the 'e-voting system during the AGM'. Key dates related to shareholder voting include:EventDate/TimeCommencement of Remote e-voting9:00 A.M. on Tuesday...

Aayush Art And Bullion Appoints New Managing Director as Founder Resigns Aayush Art And Bullion Ltd, formerly AKM Creations Limited, has announced significant changes in its leadership structure. The company's Board of Directors approved key appointments and a high-level resignation on July 23, 2026.Mr. Mehal Bipinchandra Raval was appointed as an Additional Executive Director and designated the Managing Director of Aayush Art And Bullion Ltd. This appointment follows a comprehensive review of the company's operational requirements. Mr. Raval brings over 14 years of experience in sales, marketing, business development, client relationship management, and team leadership within the financial services sector. His expertise spans...

Sona BLW Precision Forgings Reports Q1 Results Amid Strategic Partnership with DENSO for EV Powertrain Systems Sona BLW Precision Forgings Limited has released its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results were presented following the approval by the Board of Directors on July 23, 2026.The company operates within the single reportable business segment: "Mobility components, systems and sub-systems." Key strategic activities include the signing of definitive agreements with DENSO Corporation Japan to establish two joint ventures focused on developing Electric and Hybrid powertrain systems.Strategic Business Developments On July 22, 2026, Sona BLW Precision signed...

E To E Transportation Infrastructure Limited Declared L1 for Major Electronic Interlocking System Project with North Eastern Railway E To E Transportation Infrastructure Limited has been awarded a significant works contract by S&T (Construction), Gorakhpur, North-Eastern Railway. The company was declared the lowest bidder (L1) for the project involving the Design, Programming, Installation, Supply, Testing and Commissioning of Electronic Interlocking (EI) systems across several railway stations.The contract pertains to the EI system work at Bansgaon Station, Piprauli Station, Khajani Station, and Unwal Station. The scope also includes indoor and outdoor work, as well as telecom work in the Sahjanwa-Bansgaon section. Furthermore, the...

MSME Sector Surges as Government Boosts Credit Guarantee Ceiling and Eliminates Collateral Requirement for Micro Enterprises The Ministry of Micro, Small and Medium Enterprise (MSME) has significantly revamped its credit support framework with the implementation of the Credit Guarantee Scheme (CGS). This scheme, facilitated through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), is designed to ensure that micro and small enterprises receive necessary credit facilities across the country.The initiative guarantees loans without requiring collateral security or any third-party guarantees, thereby drastically lowering barriers to finance for MSMEs nationwide. The measures specifically benefit first-generation...

Artisans and Entrepreneurs Surge as Centre Launches Mega Support Initiatives in West Bengal The Ministry of Micro, Small and Medium Enterprises (MSME) is actively rolling out crucial economic empowerment schemes across West Bengal in collaboration with the State Government. The implementation of the PM Vishwakarma Scheme marks a significant step to bolster the artisan community, while substantial financial support has been provided through long-standing initiatives like Pradhan Mantri Mudra Yojana (PMMY).Financial Strength: PMMY Disbursement Booms in West Bengal The state has shown robust uptake of lending facilities under the Pradhan Mantri Mudra Yojana (PMMY). Since its inception on April 8, 2015, a massive portfolio of loans...

Kabra Extrusiontechnik Suspends Operations at Daman Facility Amid Heavy Rainfall and Flooding Kabra Extrusiontechnik Ltd has temporarily suspended operations at its manufacturing facility in Daman due to flooding caused by incessant heavy rainfall and severe waterlogging in the region. The decision was made as a precautionary measure, prioritizing the safety of employees.The suspension began on July 23, 2026, affecting the plant located at Kabra Industrial Estate, Kachigam, Daman. The company initiated the temporary halt to facilitate necessary dewatering, inspection, cleaning, and restoration activities at the affected manufacturing facility. Management stated that the company expects to progressively resume normal operations at the...

Indian Energy Exchange Reports Q1 FY26 Results; Standalone and Consolidated Profits Detailed Indian Energy Exchange Ltd. has announced its unaudited financial results for the quarter ending June 30, 2026, presenting both standalone and consolidated figures, which were approved by the Board of Directors. The company continues to report a single operating segment, as it is registered as a power exchange.The results provide insights into the operational performance across the first quarter of the fiscal year. The company had previously recommended a final dividend of 2 per equity share (of face value 1 each) for the financial year ended March 31, 2026, pending shareholder approval at the ensuing Annual General Meeting.Standalone...

Sumeet Industries Issues Corrigendum Regarding Material Contracts in Letter of Offer Sumeet Industries Limited has issued a corrigendum concerning its material contracts and documentation, relating to the Letter of Offer dated June 08, 2026. The update clarifies a typographical error found within the disclosures made to investors regarding key agreements for the issue.The company clarified that due to this mistake in Section VIII of the Material Contracts and Documents for Inspection (Point No. 5), the reference to the "Monitoring Agency Agreement dated March 11, 2026" needed correction. The original disclosure mistakenly included three parties: the Company, the Registrar to the Issue, and the Monitoring Agency to the Issue.The...

Cyient Approves Q1 Results, Appoints Independent Director Muralidhar Yadama Cyient Limited announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company's Board of Directors formally approved the results during a meeting held on July 23, 2026. Concurrently, the board appointed Mr. Muralidhar Yadama as an Independent Director.The Q1 financial performance reflected in the consolidated results showed a Net Profit for the period/year of 1,087 million (in millions). Total income stood at 20,826 million, while total expenses were 19,103 million. For the same period, profit before tax was reported at 1,711 million.The unaudited financial results for the quarter ended June 30, 2026...

Meghmani Organics Ltd Board Meeting Scheduled for July 29, 2026 To Approve Quarterly Financial Results Meghmani Organics Ltd has scheduled a meeting of its Board of Directors on Wednesday, July 29, 2026. The primary agenda item for the meeting includes considering and approving the un-audited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2026.The board meeting is set to review these financial results, along with the corresponding Report of the Statutory Auditors. The board members will also be granted time to consider any other business as permitted by the Chair.In addition to the results announcement, the company has outlined operational procedures regarding its trading window. Following the...

Mangalam Organics Schedules Board Meeting for Approval of Q1 2026 Financial Statements Mangalam Organics Ltd has scheduled a meeting of its Board of Directors to review and approve the company’s Unaudited Standalone and Consolidated Financial Statements. The board meeting is set for Tuesday, July 28, 2026.The meeting will be held to consider and ratify the financial statements pertaining to the first quarter ended June 30, 2026.In addition to the Board meeting scheduled for late July, the company has also provided updates regarding its trading window status. The Trading Window had closed effective from July 01, 2026. It will remain closed until the expiry of 48 hours following the public disclosure of the financial statements...

De Neers Tools Limited Allots 7.7 Lakh Equity Shares Post Convertible Warrant Conversion De Neers Tools Limited has approved the allotment of 7,70,000 equity shares following the conversion of convertible warrants belonging to its promoters. The company announced this transaction on July 23, 2026, confirming the fully paid-up issuance at a significant premium.The Board of Directors considered and approved the allotting of these equity shares to promoter category allottees. These shares have a face value of Rs. 10/- each and were issued at an issue price of Rs. 154/- per equity share, incorporating a premium of Rs. 144/- per equity share.The allotment was made to two promoters: Neeraj Kumar Aggarwal and Shilpy Aggarwal. The allotment...

Swaraj Suiting Limited Receives In-Principle Approval from NSE for Migration to Main Board Swaraj Suiting Limited has secured 'In-Principle approval' from the National Stock Exchange of India Limited (NSE) concerning the migration of its equity shares from the SME Platform to the Capital Market Segment, or Main Board. The company had also previously intimated receiving In-Principle Approval for similar migration status from BSE Limited.The NSE granted the in-principle approval after reviewing the application regarding trading in the company's equity shares. The approval covers 2,64,18,260 equity shares, each valued at Rs. 10/-.Key details of the share migration and approvals are as follows:DetailDescriptionCompanySwaraj...

OnEMI Technology Solutions Boards Meeting Scheduled to Approve Q1 Results; Trading Window Remains Closed for Insiders OnEMI Technology Solutions Limited has scheduled a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the quarter ending June 30, 2026. The company also confirmed that the trading window for Designated Persons remains closed.The Board meeting is set for Wednesday, July 29, 2026. During the meeting, the Directors are scheduled to consider and approve the Unaudited Financial Results, which include both standalone and consolidated figures. The agenda also includes reviewing a limited review report that will be issued by the Statutory Auditors of the company.In continuation of...

Apollo Micro Systems Ltd’s Preferential Issue Shares Are Listed and Admitted to Trading on Exchanges Apollo Micro Systems Ltd announced that equity shares issued on a preferential basis are now listed and admitted to dealings on both the National Stock Exchange of India (NSE) and BSE. The listing commenced with effect from July 23, 2026.The company confirmed the successful allotment and listing of the equity shares, which were generated pursuant to the conversion of convertible warrants that had been issued on June 8, 2026, June 17, 2026, and June 23, 2026. The granting of trading approvals by NSE and BSE was completed on July 22, 2026.The total allotment across the three tranches amounts to 14,294,072 equity shares of Re. 1 each...