Markets

Hindustan Petroleum Corporation Limited Posts Q1 Results; Revenue Reaches 1,45,126 Crore Hindustan Petroleum Corporation Limited (HPCL) reported its unaudited financial results for the quarter ending June 30, 2026. The company's revenue from operations stood at 1,45,126 Rs. Crore, while the operating performance saw several notable figures across refineries and marketing segments.Key financial metrics for Hindustan Petroleum Corporation Limited during the Q1 2026-27 quarter are summarized below:MetricValue (Rs. Crore)Revenue from Operations1,45,126EBITDA(14,860)PBT(17,446)PAT(11,526)Debt Level72,597GRM - Before Export Cess (US$/bbl)23.80The company recorded an Exchange Fluctuation Gain/(Loss) of (15) Rs...

BikeWo Green Tech Unveils Ambitious Long-Term Plan to Build Full-Stack Mobility and Logistics Platform BikeWo Green Tech Limited has announced a comprehensive long-term strategy aimed at developing a full-stack mobility and logistics platform. The company plans to integrate electric mobility, fleet operations, logistics infrastructure, technology, and renewable energy into a unified operating model designed for the rapidly evolving Indian market.The strategic roadmap was outlined during the Company's Extraordinary General Meeting (EGM), which saw shareholders approve the proposed warrant issue. BikeWo aims to position itself as an integrated platform within India’s growing mobility and logistics ecosystem, recognizing that the...

Shoppers Stop Reports Q1 FY2026 Unaudited Financial Results; Net Loss Recorded Shoppers Stop Limited has released its un-audited financial results for the quarter ending June 30, 2026. The company reported a net loss in both its standalone and consolidated statements.The full financial results have been reviewed by the statutory auditors.Quarterly Performance Snapshot (Q1 FY2026) For the quarter ended June 30, 2026, Shoppers Stop Limited registered revenue from operations of 1,185.38 Crores in its standalone segment. Total income stood at 1,190.50 Crores against total expenses of 1,212.75 Crores. The company recorded a net profit loss of (16.71) Crores for the period.The consolidated results showed revenue from operations reaching...

Sensex Plummets as Oil Prices Surge Past $96 Amid Heightened Iran-US Tensions The Indian stock market extended its downward trend for the fourth consecutive session, with major indices sinking amid heightened geopolitical tensions between the US and Iran. The decline was heavily influenced by soaring crude oil prices following a reported escalation of military strikes.Sensex closed at 76,515, declining approximately 240 points. Nifty 50 fell more than 91 points to settle at 23,905. Broader market indices also saw losses, with Nifty Midcap 100 and Nifty Smallcap 100 indices falling up to 0.3%.Stock Markets Rally Down Amid Escalating Geopolitical Crisis The day's bearish sentiment was pervasive across the board. Out of all sectoral...

Demuric Holdings Acquires Stake in UPL Following Internal Amalgamation Demuric Holdings Private Limited has increased its stake in UPL Limited through a transaction that involved the acquisition of shares held by one of its subsidiaries, Nerka Chemicals Private Limited. The move resulted in a consolidation of the shareholding within the promoter group, transforming an indirect holding into a direct holding.The acquisition saw Demuric Holdings acquire 18,07,64,622 equity shares of UPL Limited. This transaction brought Demuric’s total stake in UPL to approximately 22.03% of its paid-up equity share capital.The acquisition was effected pursuant to a Scheme of Amalgamation filed under the Companies Act, 2013. As part of this...

ALUWIND INFRA-TECH LIMITED Authorizes Key Management Personnel (KMP) ALUWIND INFRA-TECH LIMITED, formerly Aluwind Architectural Limited, has formalized the designation of several key managerial personnel following a decision by its Board of Directors. These KMPs have been authorized to determine the materiality of company events and information, as well as for disclosure purposes.The authorizations are effective from July 22, 2026.ALUWIND INFRA-TECH LIMITED has appointed various senior management professionals who play critical roles in corporate governance and financial reporting. The authorized KMPs include:Name of KMPDesignationMr. Murli Manohar KabraManaging DirectorMr. Rajesh KabraWhole Time DirectorMr. Jagmohan...

Geojit Financial Services Announces Key Management Changes and Approves Promoter Group Reclassification Geojit Financial Services Limited finalized several significant corporate updates during a recent Board meeting, announcing key leadership transitions, confirming board appointments, and approving the reclassification of certain members from the Promoter Group category to the Public category.Leadership Transitions and AppointmentsThe company confirmed changes in its senior management structure set to take effect on October 1, 2026. Mr. C J George, who currently holds the position of Chairman and Managing Director, will cease his role as Managing Director but will continue serving as Executive Chairman following a succession plan...

Sumeet Industries Limited Approves Allotment of Equity Shares Following Rights Issue Sumeet Industries Limited announced the approval of a significant allotment following its recent Rights Issue. The company’s Board of Directors, at a meeting held on July 22, 2026, approved the allocation of new equity shares as part of the rights offering to the public.The Board decision covered the allotment of 168,42,421 Rights Equity Shares. These shares were issued for cash at a price of Rs. 11.86 per Equity Share and carried a Face Value of Rs. 2/- each. The company’s rights issue followed the terms set out in the Letter of Offer dated June 08, 2026.The successful allotment has resulted in an increase in the paid-up equity share capital of...

Adani Power Reports Strong Q1 FY27 Results, Driven by Rising Demand and Operational Excellence Adani Power Limited (APL) has reported a significant performance turnaround in its first quarter of financial year 2027 (Q1 FY27), demonstrating robust profitability and operational stability. The company reported strong growth in revenue and earnings, attributing the improvement to higher dispatch volumes and favorable market realizations amid a revival in power demand across key states.The results highlight APL's consistent commitment to operational excellence and controlled financial management, leading to substantial gains in EBITDA and Profit After Tax (PAT).Operational Strength and Market Position APL is recognized as one of India's...

Sanathan Textiles Set to Double Technical Yarn Capacity in Silvassa Facility Sanathan Textiles Limited is progressing toward a major expansion of its specialized yarn manufacturing capabilities, with plans in place to double the capacity of its Technical Textiles unit at the Silvassa facility. The expansion, which involves increasing capacity from 9,000 MTPA to 18,000 MTPA, is currently in its final execution phase and aims for commercial commissioning in August 2026.Civil construction work has been completed at the facility, and the required plant and machinery for the expanded segment have been installed. The increase in capacity is positioned to support the company's integrated manufacturing platform and enhance its ability to meet...

Enterprise Tech Spending Set for Resurgence as IBM Cites Unwavering Long-Term Demand for AI Enterprise technology spending across the Asia-Pacific (APAC) region is expected to experience volatility in the near term, even as demand for Artificial Intelligence (AI) shows no sign of diminishing. This outlook was shared by IBM Asia Pacific general manager Hans Dekkers, who noted that businesses are currently recalibrating their investment priorities following recent shifts in the tech landscape.Dekkers stated that infrastructure and technology spending remain "very volatile," destined to go up and down. However, he reaffirmed a critical trend: there will be continuity in technology consumption. Where the world is moving with AI, increased...

Vijaya Diagnostic Centre Limited Allots 100,987 Equity Shares Under ESOP PlanVijaya Diagnostic Centre Limited has announced a significant increase in its issued share capital following the allotment of equity shares to employees who exercised options under the VDCL Employee Stock Option Plan 2018. The allotment was approved by the Nomination and Remuneration Committee of the company's Board of Directors.The issuance of 100,987 equity shares, each having a face value of ₹1/-, led to an increase in the issued, subscribed, and paid-up equity share capital of the Company. Prior to this allotment, the capital stood at ₹10,28,96,728/-. Following the successful allotment, the total paid-up capital increased to ₹10,29,97,715/-.The shares...

Dr Reddy's Laboratories Releases Audio Recording of Earnings Call for Quarter Ended June 30, 2026 Dr Reddy's Laboratories Ltd has made available the audio recording of its recent earnings call, pertaining to the quarter ended June 30, 2026. The earnings call was conducted on July 22, 2026.The company provided stakeholders with access to the complete audio recording, enabling them to review discussions from the event. This release provides a dedicated link for accessing the material.DRREDDY Stock Price Movement On Wednesday, shares of Dr. Reddy's Laboratories Limited shed value, slipping 2.16% to close at ₹1182.8 after trading a loss of ₹26.10 from previous levels. The stock finished with substantial movement, seeing a volume of...

Deepak Builders Completes Redevelopment of Jalandhar Cantt. Railway StationDeepak Builders & Engineers India Limited has successfully completed the redevelopment and construction of Jalandhar Cantt. Railway Station, a project executed for Indian Railways. This successful completion marks a significant milestone in the company's infrastructure portfolio.The redeveloped station now operates as a modern transportation hub. The project incorporated various upgrades, including improved circulation facilities, upgraded platforms, enhanced accessibility features, contemporary architectural elements, and advanced public utility infrastructure. These enhancements were designed to ensure high standards of engineering excellence, safety...

Patel Retail Limited Commissions New Production Line for Curry Powder, Boosting Capacity Patel Retail Limited has enhanced its manufacturing capabilities with the commissioning of a new Curry Powder Production Line at its facility. The line is designed to meet growing domestic and international demand, bolstering the company's operational efficiencies and product availability.The new production line boasts a capacity of 8 Ton per shift and commenced commercial production on Thursday, July 23, 2026. This expansion aims to improve operational efficiency, broaden the product portfolio, and support future business growth by catering to increasing customer demand in both domestic and export markets.The company invested approximately Rs...

ALUWIND INFRA-TECH LIMITED Approves Key Management Changes, Outlines Capacity Expansion into Solar Facade Industry ALUWIND INFRA-TECH LIMITED, formerly Aluwind Architectural Limited, announced several strategic decisions following a Board of Directors meeting held on Wednesday, July 22, 2026. The board approved the appointment of new management personnel, noted significant transitions in key roles, and detailed plans for a major expansion into the facade and solar industry.Among the operational approvals were the appointment of M/s Inani & Associates as Internal Auditors for financial years spanning 2026-28. Furthermore, Ms Yashi Gupta was appointed as Company Secretary and Compliance Officer designated as Key Managerial Personnel...

HPCL Releases Quarterly Results: Net Loss Stands Firm As Operating Margins Face Pressure Hindustan Petroleum Corporation Limited (HPCL) has released its unaudited financial results for the quarter ended June 30, 2026. The results show a net loss across both standalone and consolidated operations. The company also provided detailed data on operational performance, key ratios, and related disclosures.The Board of Directors reviewed and approved these results in a meeting held on July 22, 2026.Quarterly Financial Performance Snapshot (Q Ended June 30, 2026) The financial performance across the quarter saw HPCL report a net loss in both standalone and consolidated figures.MetricStandalone (in Crore)Consolidated (in Crore)Total...

Nippon Life India Asset Management Reports Strong Q1 FY27 Results with Profit After Tax Rising 27% Nippon Life India Asset Management Limited has reported robust financial results for the quarter ended June 30, 2026. The company reported significant growth across its key metrics, highlighted by a rise in Profit after Tax (PAT).In line with the latest business highlights released, Nippon Life India Asset Management achieved total income of INR 9.37 billion and reported an operating profit of INR 4.94 billion for Q1 FY27. The company's Profit after Tax stood at INR 5.04 billion, marking a 27% increase year-on-year.Financial Performance Snapshot (Consolidated Results)The consolidated financial results reflected continued growth in...

Schaeffler India Announces Financial Results for Half-Year; Appoints Amit Dinesh Bhalerao as Chief Operating Officer Schaeffler India Limited has announced its unaudited financial results for the quarter and half year ended June 30, 2026. The company also confirmed the appointment of Mr. Amit Dinesh Bhalerao to a senior executive position following the board meeting held on July 22, 2026.The Board of Directors approved the unaudited financial results for both the standalone and consolidated entities for the half year ending June 30, 2026.Key Personnel Appointment Mr. Amit Dinesh Bhalerao has been appointed as Chief Operating Officer and Senior Management Personnel (member of the Executive Leadership Team) of Schaeffler India...

Foreign Capital Surge Fuels Revival of Indian Economic Confidence Amid Global Instability The Reserve Bank Bulletin reported on Wednesday that India continues to navigate external uncertainties exceptionally well, with the recovery in foreign investments signaling a significant revival of confidence within the domestic economy. Despite prevailing global headwinds stemming from fragile geopolitics and supply chain pressures, the central bank noted that India remains among the fastest-growing major economies globally.Foreign Portfolio Inflows Signal Confidence Boost The article highlighted that external vulnerability indicators remain sound, underscoring the growing investor trust in the nation’s stability. Net inflows of foreign...