Markets

Elon Musk Fuels Merger Talk: Tesla-SpaceX Integration Speculation Surges After CEO Leaves Door Open Speculation over a potential merger between Tesla and SpaceX received a significant boost following comments from Tesla CEO Elon Musk during the electric vehicle maker's earnings call. Musk declined to outright rule out combining the two companies, instead confirming that collaboration across multiple areas between the firms continues to deepen substantially.While stressing that discussions about merging businesses cannot occur on an earnings call and must follow appropriate corporate processes, his remarks have reignited a long-running investor debate over unifying his electric vehicle and space exploration enterprises into a single...

Hindustan Zinc Limited receives "Strong" rating from Crisil ESG Ratings Hindustan Zinc Limited has been assessed by Crisil ESG Ratings & Analytics Ltd, resulting in an Environmental, Social & Governance rating designated as 'Crisil ESG 62'. The ranking places the company within the "Strong" category based on the evaluation provided by the agency.The assessment was conducted by Crisil ESG Ratings, a SEBI registered ESG Rating Provider. Hindustan Zinc Limited has confirmed that it did not engage Crisil ESG Ratings for this rating; the report was prepared independently by the rating provider utilizing publicly available information and disclosures regarding the company's operations.The independent assignment of the ESG rating...

HEG Limited Approves Quarterly Results, Initiates Name Change to Reflect Advanced Materials Focus HEG Limited has announced its unaudited financial results for the quarter ending June 30, 2026. The results were approved by the Board of Directors, alongside an update regarding the company's strategic shift and a pending name change application that aims to accurately reflect its focus on advanced manufacturing and specialized materials.The board meeting held on July 22, 2026, approved the financial performance for both the standalone entity and the consolidated group. Meanwhile, management has moved to redefine the corporate identity, proposing a shift in focus from general "Greentech" initiatives toward advanced capabilities in...

Trust Fintech Limited Announces CFO Transition: Mr. Anand Shankar Kane Resigns as Mrs. Sandhya Gulhane is Appointed Trust Fintech Limited has announced a change in its senior leadership, confirming the resignation of its Chief Financial Officer (CFO) and appointing Mrs. Sandhya Gulhane as the new CFO. These transitions were approved during the company's Board meeting held on July 22, 2026.Mr. Anand Shankar Kane resigned from the post of CFO, effective from the close of business hours on Wednesday, July 22, 2026. Mr. Kane had previously served as a Director and CFO at the company. His resignation was tendered following his Resignation Letter dated July 15, 2026. The reason cited for the change is to enable him to focus on Business...

Antarctica Limited Appoints Mitkumar Dashrathbhai Chandel as Additional Director Antarctica Limited has appointed Mr. Mitkumar Dashrathbhai Chandel as an Additional Director of the company, subject to shareholder approval. The appointment was made on May 25, 2026, based on the recommendation of the Nomination and Remuneration Committee.Mr. Chandel, who is not related to any existing directors in the company and holds no shareholding in Antarctica Limited, possesses practical knowledge encompassing corporate documentation, operational planning, resource management, and regulatory coordination.In addition to his directorship role, Mr. Chandel has professional experience in Agriculture Operations & Farm Management spanning 1.5 years...

Shyam Metalics and Energy Limited clarifies Book Closure purpose and Final Dividend Record Date Shyam Metalics and Energy Limited has provided clarification regarding its recently submitted Board Meeting outcome, specifying the sole purpose of the upcoming book closure and setting the record date for the final dividend payment.The company announced that the closure of the Register of Members and Share Transfer Books will take place from Wednesday, August 19, 2026, to Tuesday, August 25, 2026. This book closure is designated exclusively for the purpose of conducting the Company's 24th Annual General Meeting (AGM).In addition to the AGM requirements, Shyam Metalics and Energy Limited has set a specific record date for determining...

Sumeet Industries Limited Board Approves Allotment of Rights Equity Shares, Boosts Capital Sumeet Industries Limited announced that its Board of Directors has approved the allotment of Rights Equity Shares following a rights issue, resulting in a significant increase in the company's paid-up Equity Share Capital.The approval was formalized by the Board meeting held on June 22, 2026. In line with the pre-defined Letter of Offer dated June 08, 2026, and finalized basis of allotment, Sumeet Industries Limited approved the issue of 16,84,24,217 Rights Equity Shares.The shares were allotted for cash at an issue price of Rs. 11.86/- per share, carrying a face value of Rs. 2/- each. The allotment process was managed by Bigshare Services...

Music Broadcast Limited Announces Q1 FY27 Results; Total Income Reaches 5,274.41 Lakhs Music Broadcast Limited has reported its Unaudited Financial Results for the quarter ended June 30, 2026. The results reflect performance metrics across the first quarter (Q1) and provide a detailed view of operations against previous quarters and the full financial year ending March 31, 2026.The company reported Total Income of 5,274.41 lakh in the quarter ended June 30, 2026, while Revenue from operations stood at 4,454.32 lakh and Other income amounted to 820.09 lakh. For this quarter, the company reported a profit for the period of 922.25 lakh, with Earnings per share (Basic and Diluted) standing at 0.27.A comparative look at the performance...

ICRA Assigns Ratings for Credit Facilities of Swan Defence and Heavy Industries Limited Swan Defence and Heavy Industries Limited, formerly known as Reliance Naval and Engineering Limited, has received credit ratings from ICRA Limited for its various debt instruments. The rating announcement pertains to the company’s long-term facilities and unallocated limits.The financial parameters were reviewed by ICRA Limited, resulting in ratings assigned on July 21, 2026. These assignments cover a total of ₹2,650.00 crore across two key areas: term loans and unallocated limits.Details of the facilities and their corresponding ratings are provided below:InstrumentRated Amount (in Rs. Crore)Rating ActionLong term Fund based Term...

Kospi Bounces Back: Chipmakers Surge as Global Tech Spending Signals Rally Despite Market Turmoil South Korea’s stock market experienced a significant recovery on Thursday, with the benchmark Kospi jumping 4%. This marks the third consecutive rally for the index. The rebound was largely driven by robust performance in chip stocks and optimistic outlook from US technology giants.However, despite the positive momentum, the stock market remains highly volatile. Kospi, which is noted as a world-leading equity benchmark, is currently still operating within a bear market structure. The index stands significantly down, over 24% from its high of 9,386 reached in June.Chip Boom Drives Recovery and Boosts Key Blue Chips The immediate rally...

Lohia Corp IPO Smashes Expectations: Grey Market Premium Suggests Massive Listing Surge as Technical Textile Giant Seeks Capital Infusion Lohia Corp, a key player in the global machinery market for technical textiles, is set to open its Initial Public Offering (IPO) on July 23. The issue is valued at Rs 1,101.28 crore and has attracted notable interest in the grey market, suggesting strong enthusiasm from prospective investors.The IPO structure is entirely an Offer for Sale (OFS), comprising over 2.59 crore equity shares. This means that the proceeds generated from the listing will be distributed to existing shareholders rather than providing capital injection directly into the company. The public subscription window is open from July...

Investor Alert: Secure High Payouts! Forty-Three Stocks Turn Ex-Record on Friday; Bharti Airtel and Hero MotoCorp Set Up Dividend Frenzy As investors race towards the end of the trading week, a significant corporate action looms for forty-three companies. These firms are scheduled to turn ex-record dates for dividend payouts this Friday (July 24). This critical deadline means today is the final opportunity for investors seeking eligibility before these shares become non-dividend paying stock.Cumulatively, the dividends across these stocks offer potential payments amounting to nearly Rs 1,127 per share across various companies. Due to Sebi's T+1 settlement cycle, purchasing the stock one trading day prior to the record date is...

Gradiente Infotainment Commences Production of "100 Vertical Series" and "100 Music Videos" Gradiente Infotainment Limited has begun a large-scale content creation initiative, commencing the production and phased release plan for its new digital properties: the "100 Vertical Series" and "100 Music Videos." This strategic move is part of the company's expansion into the media and entertainment sector.The initiative involves developing original digital entertainment content across two major product lines. While production activities have begun for certain music tracks, development and production efforts are currently underway for both planned series and videos.The company has outlined the financial scope and expected market potential...

Canara Bank Issues US$200 Million in Senior Unsecured Notes under Medium Term Note ProgrammeCanara Bank has raised funds by issuing senior unsecured notes through a tap issuance, consolidating the new tranche with existing issues as part of its broader medium term note programme.The bank issued US$200 million worth of 4.896% senior unsecured notes due in 2029. This new issue was designed to be consolidated and form a single series alongside previously issued senior unsecured notes, all falling under the scope of the US$3 billion medium term note programme.The details pertaining to the newly issued notes are as follows:ParticularsDetailsIssue SizeUS$200,000,000Coupon Rate4.896% (Fixed, semi-annual)Maturity Date11...

Waterways Leisure Tourism Announces Unaudited Q1 Financial Results and Share Split Approval Waterways Leisure Tourism Limited, formerly known as Waterways Leisure Tourism Private Limited, announced the approval of its un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results in a meeting held on July 22, 2026.The company provided details on both sets of performance metrics: Unaudited Standalone Financial Results and Unaudited Consolidated Financial Results for the period. Both results have been reviewed by M/s S N Dhawan & CO LLP, Chartered Accountants.Operational Updates and Corporate Actions In addition to the financial reporting, the Board of...

Indian Railway Finance Corporation details dispute over substantial fine levied by stock exchanges Indian Railway Finance Corporation Limited (IRFC) has addressed fines imposed by both the National Stock Exchange of India (NSE) and BSE relating to non-compliance issues regarding its Board composition and committee structures for the quarter ended March 31, 2026. The company stated that it requested the Exchanges to waive the fine, noting that the appointment of Directors is beyond IRFC's control as a Government entity.The fines were levied by the exchanges in reference to non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Total penalties amounting to Rs. 955,800 were imposed based on multiple...

ALUWIND INFRA-TECH APPOINTS AARTI AHUJA AS CHIEF FINANCIAL OFFICER ALUWIND INFRA-TECH LIMITED has appointed Ms. Aarti Ahuja as Chief Financial Officer (CFO), following the recommendation and approval of its Board of Directors. The appointment is effective from August 01, 2026, and designates Ms. Ahuja as Key Managerial Personnel of the company.The appointment was made subsequent to a Board meeting held on Wednesday, July 22, 2026. Ms. Aarti Ahuja assumes the role of CFO with full-time employment status, in line with the Company's policy.Ms. Ahuja is a qualified Cost Accountant and possesses over 29 years of experience spanning the hospitality, manufacturing, infrastructure, and service sectors. Her expertise includes financial...

Sotefin Bharat Shares Hit SME Listing; Strong Profits Mask Flat Grey Market Expectations Sotefin Bharat Ltd. is set to make its stock market debut on the BSE SME platform today, July 23. Despite robust financial growth and steady investor demand during the IPO subscription period, grey market indicators suggest a largely flat listing for the company. The SME IPO, which raised Rs 89.76 crore, saw shares trading at a marginal premium of about 1% above the issue price of Rs 187.The debut brings significant attention to the specialized parking solutions firm. While investor confidence was demonstrated through the subscription numbers, all eyes are now focused on the listing performance as it sets the stage for future growth in the...

Premier Polyfilm Reports Financial Results for Quarter Ended June 30, 2026 Premier Polyfilm Limited has announced the unaudited financial results for the quarter ended June 30, 2026, following a Board meeting held on July 18, 2026. The company's performance metrics are detailed in the financial report, which includes comparisons against the previous year and audited figures from the prior fiscal year.The Key Financial Indicators (KPIs) for Premier Polyfilm Limited are presented below:ParticularsCurrent Year Quarter Ended 30/06/2026 (Unaudited)Previous Year Quarter Ended 30/06/2025 (Audited)Total Income from Operations10,065 Lakhs7,497 LakhsProfit Before Tax1,214 Lakhs1,280 LakhsNet Profit After Tax3,188 Lakhs4,280 Lakhs...

Mahindra & Mahindra Employees' Stock Option Trust Transfers Equity Shares to Grantees On July 22, 2026, the Mahindra & Mahindra Employees' Stock Option Trust completed a significant equity transfer as part of its commitment to employees under the company’s Stock Option Scheme. The shares were transferred from the Trust to the designated Stock Option Grantees upon the exercise of their granted stock options.The transaction covered multiple employees who executed their stock options, resulting in the transfer of various amounts of equity shares to the respective grantees.A detailed breakdown of the Stock Option Grantees and the number of equity shares that were transferred from the Mahindra & Mahindra Employees' Stock Option Trust is...