Markets

Ujjivan Small Finance Bank boosts Q1FY27 PAT to ₹317 Crore; Revisions FY27 RoA Guidance Upwards to 1.8%-2.0% Ujjivan Small Finance Bank Limited announced robust financial performance for the quarter ending June 2026, showcasing strong growth across its business segments and improving asset quality. The bank recorded a quarterly Net Interest Income (NII) of ₹1,186 Crore—a record high—and reported a Profit After Tax (PAT) of ₹317 Crore, marking a significant increase year-over-year.The results underscored the bank's expanding footprint and operational efficiency. The bank increased its outlook for FY27, revising its Return on Assets (RoA) guidance upwards to 1.8% to 2.0%.Q1FY27 Financial Highlights Ujjivan Small Finance Bank reported...

Teja Engineering Industries Reports Strong Financial Performance as Net Profit Climbs Teja Engineering Industries Limited (formerly Teja Engineering Industries Private Limited) announced its audited standalone financial results for the half-year ended March 31, 2026, and the full year ending on the same date. The company, which specializes in services related to Testing, Calibration, and O&M, reported solid growth across key operational indicators.The Board of Directors considered and approved the audited financial results for the period on July 23, 2026. These results were released following a period where the company went through its Initial Public Offering (IPO) in July 2026, listing on the SME Emerge platform of NSE on July 7...

Cipla Limited Appoints Dinesh Jain as Global Chief Financial Officer Following Leadership Transition Cipla Limited has announced changes in its senior finance leadership, confirming the transition of Mr. Ashish Adukia and the appointment of Mr. Dinesh Jain as the new Global Chief Financial Officer (CFO). The management change involves Mr. Adukia moving into an internal business leadership role, while Mr. Jain takes over the mantle of CFO and Key Managerial Personnel (KMP).Mr. Ashish Adukia relinquished his position as Global Chief Financial Officer and KMP, effective from the close of business hours on July 23, 2026. The transition marks a shift in the company's financial leadership structure.Cipla Limited appointed Mr. Dinesh Jain...

Makers Laboratories Ltd. Announces Board Meeting for First Quarter Unaudited Financial Results; Insider Trading Window Closed Makers Laboratories Ltd. has scheduled a meeting of its Board of Directors to review and record the Standalone and Consolidated Unaudited Financial Results for the first quarter ended June 30, 2026.The Board meeting is set to take place on Friday, August 7, 2026. During this session, the company will consider and formally document the financial performance results for the first quarter of the financial year 2026-27.In addition to the board meeting notice, the company provided details regarding insider trading restrictions. The window for insiders to trade in Makers Laboratories Ltd. securities has been closed...

Orient Electric Limited appoints new Statutory Auditors after tenure changeOrient Electric Limited has finalized changes regarding its statutory auditing firm following a recent shareholder meeting. Shareholders at the company’s 10th Annual General Meeting (AGM), held on July 22, 2026, approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors.The company confirmed that M/s. S. R. Batliboi & Co. LLP has completed their two terms serving as the Statutory Auditors of Orient Electric Limited. This transition took place at the conclusion of the 10th AGM.Following the approval by shareholders, M/s. Price Waterhouse Chartered Accountants LLP will serve as the Statutory Auditors for the...

Zaggle Prepaid Ocean Services Limited Invests Rs 7.96 Crore in Unobanc Private Limited Zaggle Prepaid Ocean Services Limited has completed an investment of Rs 7,96,00,640 into Unobanc Private Limited. The investment was made following a preferential issue on a private placement basis by Unobanc Private Limited.In connection with the said investment, Zaggle Prepaid Ocean Services Limited acquired equity in Unobanc Private Limited. Unobanc Private Limited allotted 62,188 Equity shares to the company. These shares were issued at a face value of Rs 10/- each.As a result of this investment, Zaggle Prepaid Ocean Services Limited now holds a 19.9% equity stake in Unobanc Private Limited.ZAGGLE Stock Price Movement As of 1:17 PM, shares...

Novartis India Ltd Approves Unaudited Financial Results for Quarter Ended June 30, 2026 Novartis India Limited has approved its unaudited financial results and a Limited Review Report for the quarter ending June 30, 2026. The Board of Directors reviewed the financials, which were subjected to limited review by the company's Statutory Auditors and recommended by the Audit Committee.The Statement of Unaudited Financial Results details operational performance across various periods, including the three months ended June 30, 2026. Key financial metrics include:MetricThree Months Ended June 30, 2026Three Months Ended March 31, 2026Revenue from Operations & Other Income1,83.4 (in million)1,000.4 (in million)Changes in Stock-in...

Tarc Ltd States Stock Trading Is Purely Market Driven Regarding Volume Movement Tarc Ltd provided a clarification concerning the movement in volume of its equity shares, stating that the stock trading remains purely market driven. The company clarified that there is no unpublished price sensitive information or pending announcement that requires disclosure to stock exchanges.In addressing observations regarding increased volume, Tarc Ltd affirmed that since the shares are freely traded on Stock Exchanges, the price and volume movements are strictly determined by market forces. Consequently, the Company stated it is not in a position to comment on the increase in volume.TARC Stock Price Movement Shares of TARC Limited are edging...

Novartis India Posts Quarterly Results as Ownership Transition is Announced Novartis India Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company also confirmed details of a major strategic transaction regarding the ownership structure following an agreement signed in February 2026.The company operates within a single segment: the Pharmaceutical Business, generating revenue exclusively from operations within India. For the quarter ending June 30, 2026, one customer contributed R 532.9 million, which represents over 10% of the total revenue from the sale of traded goods.Financial Highlights for Q ended June 30, 2026 The financial results reflect various income and expense streams during...

Ujjivan Small Finance Bank Announces Approval of Q1 FY2026 Unaudited Financial Results Ujjivan Small Finance Bank Limited has approved the unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and sanctioned these results in its meeting held on July 23, 2026, along with a Limited Review Report issued by the Joint Statutory Auditors, M/s Deloitte Haskins and Sells and M/s Abarna and Ananthan.The overall financial performance highlights include Total Income of 2,28,093 Lakh for the quarter ended June 30, 2026, down from 8,03,897 Lakh recorded in the corresponding period of the previous fiscal year. The net profit after tax stands at 31,654 Lakh for the first quarter.Key financial indicators...

Suraj Limited Announces Q1 Financial Results for FY27; Details of Standalone and Consolidated Performance Suraj Limited, a manufacturer and exporter of Stainless Steel Seamless Pipes, Tubes, 'U' Tubes, Flanges, Fittings, and Electro Volished Finish products, has released its unaudited financial results for the quarter ended June 30, 2026. The results include both standalone and consolidated figures, which were reviewed by independent auditors and approved by the company’s Board of Directors on July 23, 2026.The reported performance across both entities shows key movements in revenue and profitability for the period ending June 30, 2026, compared to previous periods.Standalone Financial Performance (Quarter ended June 30, 2026) For...

Bitcoin Battles AI Inflation Fears as ETF Inflows Sustain Rally Near $65,700 Bitcoin is currently consolidating near the $65,700 mark amid a complex battle between robust institutional demand and mounting macroeconomic pressures driven by artificial intelligence (AI) related inflation concerns. Trading resilience notwithstanding, the cryptocurrency faces significant upward pressure while holding above the crucial support level of $64,150. This delicate balance highlights how global spending shifts are testing the limits of risk asset appetites in crypto markets.Macroeconomic Headwinds and Inflation Concerns A primary factor limiting aggressive gains in Bitcoin is the intensifying focus on AI-led inflation. Heavy technology spending...

Stylam Industries Reports Q1 FY27 Results, Highlights Expansion and Global Market Presence Stylam Industries Limited has released its un-audited financial results for the first quarter of fiscal year 2027 (Q1 FY27), showcasing operational expansion and strong market performance. The company continues to strengthen its leadership position in the global surface solutions industry, backed by continuous innovation and a commitment to quality.The rapid advancement in expansion is driven by the commissioning of a new green-field manufacturing facility, which marks the company's third laminate plant. This strategic investment aims to meet rising global demand with increased speed and scale.Operational Strengths and Capacity Stylam operates...

TTK Healthcare Sells EVA and Good Home Brands to Wipro Enterprises for Rs 256 Crores TTK Healthcare Ltd has entered into a definitive agreement for the sale of its 'EVA' and 'Good Home' brands. The transaction involves M/s Wipro Enterprises Private Limited as the buyer, with the completion contingent upon customary conditions precedent in such deals.The deal signifies the divestment of two brand units from TTK Healthcare Ltd. The consideration for this acquisition is set at Rs 256 crores plus applicable GST.According to details provided regarding the transaction, the brands sold—'EVA' and 'Good Home'—had generated substantial revenue for the company in the last financial year. For FY 2025-26, the Revenue / Turnover / Income from...

Prabha Energy Ltd Announces Board Meeting to Approve Financial Results and Discuss Fundraising Plans Prabha Energy Ltd has scheduled a meeting of its Board of Directors, which is set to be held on Thursday, July 30, 2026. The meeting agenda includes key business decisions regarding the company's performance and future capital structure.The primary focus of the board meeting will be the consideration and approval of the Un-audited Financial Results for the quarter ended on June 30, 2026. This review will include both Standalone and Consolidated results, along with the Statutory Auditor's Limited Review Report, in accordance with regulatory requirements.Another significant item scheduled for discussion is potential fundraising through...

Bikaji Foods International Reports on Sustainability Amid Operational Growth in FY 2025-26 Bikaji Foods International Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its operational scope, environmental stewardship, and commitment to social responsibility across its diverse product lines. The report outlines the company’s extensive market presence and provides granular data on resource consumption, waste management, and labour welfare practices.The company's primary business activity is processed foods, with a wide range of products including bhujia, namkeen, packaged sweets, papad, and western snacks. Bikaji Foods services markets nationally across 34 states...

Capillary Technologies Allots 1,16,748 Shares Under Employee Stock Option Scheme Bengaluru based Capillary Technologies India Limited has completed the allotment of equity shares under its Employee Stock Option Scheme 2021 ESOP plan. The Board of Directors' Nomination and Remuneration Committee approved this transaction on July 23, 2026.The Company allotted a total of 1,16,748 equity shares, fully paid up, upon the exercise of vested options granted under the Capillary Employees stock option scheme 2021. The issue details confirm that these new shares are identical in all respects to existing equity shares of the Company and rank pari passu.Key financial details of the share allotment include:Date of Issue: July 23, 2026 Number of...

Alphalogic Techsys Ltd approves preferential allotment of up to 18 lakh Convertible Warrants Alphalogic Techsys Ltd has approved the issue of up to 18,00,000 Convertible Warrants on a preferential basis to Vivaro Enterprises Limited. The issuance aggregates up to Rs. 5,40,00,000/- (Rupees Five Crores Forty Lakhs only) at an issue price of Rs. 30/- per warrant.The Company's Board of Directors considered and approved the preferential allotment, which is intended for a non-promoter entity. The warrants are convertible into fully paid up equity shares of face value Rs. 5 (Rupees Five Only) each. This transaction was taken on record by the Board during its meeting held on July 23, 2026.Vivaro Enterprises Limited has been identified as...

HDB Financial Services Allots Rs 400 Crore in Secured NCDs via Private Placement HDB Financial Services Limited has announced the allotment of a tranche of Secured Redeemable NonConvertible Debentures (NCDs) through a private placement. The debenture allotment, finalized on July 23, 2026, includes 40,000 NCDs, aggregating to Rs 4,00,00,00,000/- with a face value of Rs 1,00,000/- per debenture.The issuance carries the full intention to list the instruments in the future. The company has secured these bonds by creating a specific charge over its assets.Details regarding the allotment and the structure of the NCDs are provided below:FeatureDetailsTotal Issue Size40,000 NCDs aggregating to Rs 4,00,00,00,000/-Listing...

Cipla Reports Q1 FY27 Results: Global Revenue Reaches INR 7,119 Cr Mumbai, July 23, 2026: Cipla Limited today announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported global revenues of INR 7,119 Cr, with strong performance noted across various markets.The One-India business recorded the highest quarterly sales, achieving a solid 12% year-on-year (YoY) growth. Globally, Cipla generated total income from operations of INR 7,119 Cr and reported an EBITDA of INR 1,192 Cr. The company maintained a net cash position of INR 9,494 Cr.Business Segment Performance Highlights The performance across Cipla's key operating segments varied:One India:Branded Prescription segment delivered...