Markets

Nokia Profit Jumps 18% as AI & Cloud Demand Doubles | Telecom Giant Boosted by Tech Shift Nokia, the Finnish telecom gear maker, reported a significant rise in its quarterly operating profit, driven primarily by strong performance from artificial intelligence and cloud customers. The results came in better than anticipated, demonstrating the company's successful pivot toward high-growth tech sectors despite industry headwinds.Q2 Financial Performance Exceeds Estimates The company saw its comparable operating profit jump 18% in the second quarter of 2026. This profit reached 434 million euros ($496.11 million), comfortably surpassing the average estimate of 382 million euros provided by analysts polled by LSEG.Comparable net sales...

PTC Industries Secures Design Order from DRDO for Critical Titanium Cradle for Light Tank PTC Industries Limited, an advanced manufacturing company specializing in critical aerospace and defence applications, has received a significant design and development order from the Armament Research & Development Establishment (ARDE) of the Defence Research and Development Organisation (DRDO). The contract involves the design and manufacturing of a specialized Titanium Cradle intended for the 105mm Indian Light Weight Tank.This assignment marks a major evolutionary step for PTC, moving beyond traditional build-to-print roles. Unlike previous contracts where customers provided defined designs for execution, this order requires PTC to actively...

Dassault Systèmes Surges Amid Strong Demand as It Announces Strategic Acquisition of Life Sciences Software Firm French Software Giant Posts Robust Q2 Results Driven by 3DEXPERIENCE Momentum French software leader Dassault Systèmes has reported a solid second-quarter performance, with total revenue reaching €1.56 billion ($1.78 billion). This increase was driven primarily by sustained demand for its comprehensive 3DEXPERIENCE software suite. The company's offerings span design, simulation, and product lifecycle management solutions utilized by various sectors globally.Total revenue saw a respectable 4% rise on a constant-currency basis during the quarter. While some segments experienced softening, the strength of its core B2B...

Sedemac Mechatronics Announces Board Meeting to Approve Q1 Unaudited Financial Results; Trading Window Closed Sedemac Mechatronics Ltd has announced that its Board of Directors will meet on Tuesday, July 28, 2026, to consider and approve the Company's Unaudited Financial Results for the quarter ended June 30, 2026.The meeting is scheduled to address the results of the quarter. The company, formerly known as SEDEMAC Mechatronics Private Limited, will hold the Board meeting to finalize the financial performance details.In addition to the board meeting announcement, Sedemac Mechatronics confirmed the closure and reopening schedule for its trading window. Referring to an earlier intimation dated June 29, 2026, the trading window is...

BKV Industries Ltd To Conduct Board Meeting to Review Unaudited Financial Results for Quarter Ended June 30, 2026The Board of Directors of BKV Industries Ltd has scheduled a meeting to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026. The company confirmed that this event is part of Meeting No. 2/2026-27.The meeting, set to take place on Thursday, August 13, 2026, will be held at 03:30 P.M. at the Company’s registered office located in Guntur. The primary purpose of the Board Meeting is to review and formally record the Unaudited Financial Results pertaining to the financial period ended June 30, 2026.Prior to the scheduled meeting, the company had published details of the unaudited results...

Chip Rally Boosts Nikkei as Rate Hike Jitters Challenge Japanese Equity Gains Japan’s stock market saw mixed movement on Thursday, with chip-related shares driving equity gains despite lingering concerns over a potential early interest rate hike by the Bank of Japan (BOJ). The benchmark Nikkei share average climbed 0.47% to reach 66,424.44 at the midday break, while the broader Topix edged up 0.39% to 4,048.79.Semiconductor Stocks Lead Mid-Day Gains The rally was significantly bolstered by positive movement in chip stocks. This rise mirrored their U.S. counterparts, as the Philadelphia SE Semiconductor index closed up 0.4% overnight. Sentiment improved for tech investments after Alphabet revised its outlook, projecting capital...

Classic Filaments Ltd to Hold Board Meeting to Approve Q1 2026 Financial Results Classic Filaments 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 provided an update regarding the status of its trading window for key internal personnel.The Board meeting is set to take place on Tuesday, July 28, 2026, at Sco 64/65, Huda Market, Sector 12, Faridabad, Haryana 121007.Among the primary matters scheduled for consideration and approval by the Board are the Unaudited Financial Results (both Standalone and Consolidated) along with the corresponding Limited Review Report for the quarter ended June 30, 2026. The Directors will...

Lakshmi Electrical Control Systems Schedules Board Meeting to Discuss Q1 Unaudited Financial Results Lakshmi Electrical Control Systems Ltd. has announced that its Board of Directors will convene a meeting on Monday, August 1, 2026. The primary agenda item for this gathering is to consider and officially record the Unaudited Financial Results for the company for the quarter ending June 30, 2026.The notice specified that following the declaration of these Unaudited Financial Results for the quarter ended June 30, 2026, the trading window for the Designated Persons of the Company is set to open on August 13, 2026.Stock Price Movement As of 10:53, shares of Lakshmi Electrical Control Systems Ltd are slipping, currently trading at...

Leading UAE Bank Partners with Intellect to Modernize Corporate Banking with Composable eMACH.ai Architecture Intellect Design Arena Limited has announced a strategic partnership with a leading Sharjah-based financial institution in the UAE, aiming to fundamentally modernize its corporate banking offerings. The collaboration involves deploying Intellect's comprehensive front-to-back transactional banking framework to replace product-centric legacy systems with a unified, digital-first experience designed for scaling corporate operations across the region.The implementation provided by Intellect is built on a composable, microservices-based eMACH.ai architecture and covers several critical areas of transaction banking. These services...

Shipping Corporation of India Announces Change in Senior Management The Shipping Corporation of India Limited has reported a change in its senior management team. The company confirmed that Mr. Panduranga Vittal Pamidimokkala, who holds the designation of Chief Manager (Law) and Head-Legal, has ceased his role.Mr. Pamidimokkala's departure is noted as a deputation from SCI to the post of Executive Director in NFRA on a short term contract basis. This change involves the cessation of his duties within The Shipping Corporation of India Limited.The key details regarding this organizational change are presented below:DesignationName of Senior Management PersonnelReason for ChangeAppointment/CessationDate and Time of Occurrence...

Hisar Metal Industries Ltd. to Hold Board Meeting for Q1 Financial Results Review Hisar Metal Industries Limited has scheduled a meeting of its Board of Directors to consider and approve the unaudited financial results for the quarter ended on June 30, 2026. The board meeting is set to take place on Saturday, August 08, 2026.The company also provided an update regarding insider trading regulations. In compliance with its Code of Conduct and relevant provisions, the trading window for Directors, Designated Persons/Employees, and their dependents has been closed. This closure was effective from July 1, 2026, and remains in effect until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026...

DOMS Industries’ Tax Penalty Set Aside as Appellate Authority Orders Refund of ₹17.75 Lakhs DOMS Industries Limited has successfully appealed an earlier tax determination, with the Appellate Authority setting aside allegations and the resulting penalty levied against the company. The Order-in-Appeal directs that the Proper Officer process a refund of the entire penalty amount paid by DOMS Industries, along with applicable interest.The resolution follows a dispute concerning the transportation of taxable goods without the requisite specified documents. Initially, DOMS Industries faced an adverse order from the State Tax Department regarding this alleged contravention. The company proceeded through appellate proceedings to contest the...

Indo SMC Reports Strong Q1 FY27 Performance Driven by Capacity Expansion and New Export Milestones Indo SMC Limited, an integrated manufacturer of advanced electrical enclosures, transformers, switchgear, and FRP-based products, has reported a robust performance for the quarter ended June 30, 2026. The company serves the power distribution, industrial, and infrastructure sectors through its dedicated divisions across Gujarat, Maharashtra, and Rajasthan.The financial results indicate significant growth, with revenue reaching ₹ 88.12 Cr in Q1 FY27. This performance marks a substantial year-on-year increase of 135.96%.Financial Performance Snapshot (Q1 FY27) The company's operations are spread across its various manufacturing...

Suzlon Secures 201.6 MW DevCo Wind Order from Waaree Group for Andhra Pradesh Project Suzlon Energy Limited has secured a significant renewable energy contract, awarded by Waaree Forever Energies Private Limited (WFEPL), the Independent Power Producer (IPP) arm of Waaree Group. The order is for a 201.6 MW wind project in Andhra Pradesh and marks a milestone under the Suzlon DevCo model, signaling the growing industry shift toward developing integrated energy solutions.The contract involves Suzlon providing comprehensive EPC services for the renewable venture. Under the agreement, Suzlon will install 64 units of its flagship S144 wind turbine generators (WTGs), each rated at 3.15 MW. The scope of work delivered by Suzlon is end-to-end...

Mrs. Bectors Food Specialities Ltd Clarifies Price Movement, Attributes Changes to Market ForcesMrs. Bectors Food Specialities Ltd has issued a clarification regarding recent price movements of its securities across exchanges. The company addressed inquiries related to the stock's performance and market behavior.The company confirmed that there is no undisclosed or price sensitive information at this time. Furthermore, Mrs. Bectors stated that it does not have any impending corporate action or announcement that requires communication to the exchanges.According to the clarification, the volatility in the scrip’s price and volume behavior is solely attributed to market forces at play.Mrs. Bectors Food Specialities Limited assured...

Xtranet Technologies IPO Gains Momentum as Issue Crosses 10% Subscription Mark on Day One Xtranet Technologies Limited has made a strong start with its Initial Public Offering (IPO), achieving a subscription rate of over 10 percent by 10:20 am on July 23. The IT solutions provider, which aims to raise Rs 166.80 crore through this maiden stake sale, is offering shares in the price band of Rs 120 to Rs 127 apiece.The public issue encompasses a total of 91,93,800 shares, and investors can apply for a minimum of 110 equity shares. Retail individual investors (RIIs) have led the demand significantly, recording a 20 percent subscription rate. In contrast, non-institutional investors recorded a 5 percent subscription so far on Day 1...

BlueStone Jewellery Shares Surge 7% on Massive Q1 Profitability; Can the Momentum Outlast Custom Duty Rise? Shares of BlueStone Jewellery continued their strong rally, closing at ₹832 on the BSE after climbing another 7%. This movement extended the stock's winning streak to a third consecutive session and has driven gains totaling 36% over the past three days. The sharp buying momentum is directly linked to the company’s robust Q1 performance, marking a significant turnaround in its financial trajectory.Stellar Q1 Results Drive Profitability Surge for BlueStone Jewellery The jewellery retailer reported a net profit of ₹14 crore in the first quarter of FY27. This represents a drastic improvement compared to the corresponding period...

Insecticides (India) Ltd Announces Earnings Conference Call for Q1 FY27 Results Insecticides (India) Limited has scheduled an earnings conference call to discuss its Standalone and Consolidated Unaudited Financial results for the first quarter of Fiscal Year 2027. The company announced that the financial results, pertaining to the quarter ended June 30, 2026, will be released on August 11, 2026.The conference call is set for Tuesday, August 11, 2026, commencing at 05:00 PM IST.During the conference, Insecticides (India) Limited will be represented by its senior management team. Participants include Mr. Rajesh Kumar Aggarwal, Managing Director; Mr. Sandeep Kumar Aggarwal, Chief Financial Officer; Mr. Devendra Kumar Ray, Chief...

Sanofi India Announces CFO Stepping Down, Director Role Ceasing on September 30, 2026 Sanofi India Limited has announced that Mr. Rachid Ayari will be stepping down from his leadership roles within the company, effective September 30, 2026. The departure follows his transition to another role within the wider Sanofi group.Mr. Ayari is set to cease serving as the Whole Time Director and Chief Financial Officer (CFO) of Sanofi India Limited. Additionally, he will step down from roles including Key Managerial Personnel, Senior Management Personnel, and member of the Risk Management Committee. The changes are scheduled to take effect from the close of business hours on September 30, 2026.The Company stated that Mr. Ayari’s decision to...

Rachid Ayari Steps Down from Sanofi India as Whole Time Director and CFO Ahead of Transition Sanofi India Ltd has announced that Mr. Rachid Ayari, currently serving as a Whole Time Director and Chief Financial Officer (CFO), will be stepping down from his roles in the company. This change is effective from the close of business hours on September 30, 2026.Mr. Ayari’s cessation includes his positions as the Key Managerial Personnel, Senior Management Personnel, and a member of the Risk Management Committee. The decision comes as part of his transition to another role within the Sanofi group.The company expressed sincere appreciation for Mr. Ayari’s dedicated assistance and valuable contributions during his tenure with Sanofi India...