Markets

Veejay Lakshmi Engineering Works to Hold Board Meeting on August 13, 2026 Veejay Lakshmi Engineering Works Ltd. has scheduled its 23rd meeting of the Board of Directors to be held in Coimbatore. The meeting is set for Thursday, August 13, 2026.The primary focus of the board session will be the consideration and approval of the unaudited Financial Results of the company for the quarter ending June 30, 2026.In addition to reviewing the financial performance for the specified quarter, the meeting agenda includes discussion of any other regular corporate subjects that require review by the Board members.Stock Price Movement At 10:23, shares of Veejay Lakshmi Engineering Works Ltd. are climbing, trading at ₹38.99, which is up 3.83%...

Sensex Climbs Past 76,000 as Value Buying Triggers Reversal from Early Plunge Indices Trim Losses Amid Value Flow and Asian Rally Support The benchmark equity indices managed to trim significant early losses on Thursday following a move towards value buying at lower price levels. This recovery was supported by firm performing markets across Asia and a slight strengthening of the rupee.Earlier in the session, the Sensex had seen substantial downside pressure, sinking 410.83 points or 0.53 percent to trade at 76,344.67. Similarly, the broader Nifty declined by 120.05 points or 0.5 percent, reaching 23,876.20 before the recovery phase.By around 10:15 am, however, buying at discounted levels helped boost both indices. The Sensex had...

E2E Networks Rockets as Q1FY27 Earnings Validate India's AI Infrastructure Dominance The technology landscape in India is undergoing a massive structural shift, driven by the explosive demand for advanced computing and Artificial Intelligence (AI) infrastructure. E2E Networks has emerged as a critical beneficiary of this national digital transition, posting strong results that underscore its pivotal role in building the backbone of India's AI ecosystem. The company’s performance confirms that domestic players are strongly positioned to capture value in the burgeoning B2B tech services sector.Navigating the Rise of AI-Driven Digital Infrastructure E2E Networks' Q1FY27 results reflect robust demand cycles fueled by global and domestic...

Schaeffler India Posts Q2 FY27 Results; Revenue Reaches 26,814 mn INR and Profit Rises Schaeffler India Limited announced its performance for the second quarter of fiscal year 2026, reporting a revenue of 26,814 million INR. The company maintained strong double-digit growth momentum across key segments while noting that earnings quality was marginally impacted by increased costs linked to geopolitical developments.The results highlight sustained momentum in Automotive Technologies and Vehicle Lifetime Solutions. Revenue from operations showed robust performance across the business units. Automotive Technologies grew at 3.6% quarter over quarter (QoQ) and 33.3% year on year (YoY). Meanwhile, Vehicle Lifetime Solutions increased by...

Giants Plunge to 52-Week Lows! Monitor Key Stock Moves Amid Mixed Market Signals Market sentiment remains cautious as several stocks experience sharp price swings, while other specific sectors show strong technical momentum. On July 23, the market presented a mixed picture, with some names surging well above key moving averages and others slipping towards new one-year lows. This dichotomy highlights persistent selling pressure in certain segments despite pockets of resilience across the broader equity space.Momentum Stocks Rally Above Key Moving Averages Several select stocks demonstrated strong upward momentum, trading solidly above their short to medium term moving averages and confirming a positive near term trend. Prajay Engineers...

Dr Reddy's Slumps as Semaglutide Supply Disruptions and Margins Slash Analyst Estimates Shares of Dr Reddy's Laboratories declined significantly on July 22 after brokerages slashed their earnings forecasts amid weaker-than-expected quarterly results and critical supply chain disruptions involving semaglutide. The stock saw a sharp fall, trading up to 4.4% lower in early trading sessions.The company's Q1 performance reignited concerns regarding its core profitability despite growth in the branded business. Analysts are now pointing towards the timely restart of semaglutide supplies and the regulatory approval of biosimilar abatacept as crucial determinants for future recovery.Financial Performance Hits Estimates Amid Margin Pressure...

Zydus Lifesciences Receives Approval to Launch Phase III Trial of Desidustat for Sickle Cell Disease Zydus Lifesciences Limited has received permission to initiate a Phase III clinical trial of its drug, Desidustat, aimed at treating patients with sickle cell disease (SCD). The 203-day study will be conducted in collaboration with the Indian Council of Medical Research (ICMR) and is set to enroll 164 patients diagnosed with the condition.The Phase III trial is designed as a double blind, randomized, placebo controlled, parallel, multicentre study to assess the efficacy and safety of Desidustat oral tablets for treating anemia in SCD patients. This drug represents a potential first-in-class therapeutic option for managing sickle cell...

Individuals Acquire Shares in Lippi Systems Ltd through Open Market Transaction Guttikonda Rajasekha and Guttikonda Vara Lakshm have increased their stake in Lippi Systems Ltd through an open market acquisition of equity shares. The transactions pertain to the company listed on the BSE Limited exchange.The acquisition, which took place with an intimation date of July 20, 2026, involved both individuals acquiring a total of 1,63,135 shares, representing 2.33% of the total voting capital. During this period, Guttikonda Rajasekhar acquired 85,661 shares (1.22%), while Guttikonda Vara Lakshmi acquired 77,474 shares (1.11%).The individuals involved in the acquisition are non-promoters and Persons Acting in Concert.Acquisition Details...

Infollion Research Services Limited Appoints New Company Secretary and Compliance OfficerInfollion Research Services Limited has appointed Ms. Aastha Talwar as its new Company Secretary and Compliance Officer, effective July 23, 2026, following the resignation of Ms. Megha Rastogi from the post.The Board of Directors of Infollion conducted a meeting on July 23, 2026, during which it accepted and noted the resignation of Ms. Megha Rastogi from her role as Company Secretary and Compliance Officer.As part of the board decisions, the company appointed Ms. Aastha Talwar to fill the vacancy created by the departure. Ms. Talwar is an associate member of the Institute of Company Secretaries of India, holding Membership No. A79724. She has...

Umiya Holding Increases Stake in Umiya Buildcon Through Open Market PurchaseUMIYA HOLDING PRIVATE LIMITED has acquired additional shares in Umiya Buildcon Limited, which operates as a subsidiary of the promoter group. The acquisition was carried out through the open market on July 21, 2026.The acquisition details show that UMIYA HOLDING PRIVATE LIMITED, acting as the acquirer and Person Acting in Concert (PAC), holds a stake in Umiya Buildcon Limited (formerly MRO-TEK Realty Limited). The company is noted as being part of the Promoter group.According to the transaction records, before this acquisition, the holding of UMIYA HOLDING PRIVATE LIMITED in Umiya Buildcon Limited stood at 72,12,466 shares, representing 38.61% of the total...

Encumbrance Created on Vedanta Oil and Gas Shares as Part of $2.25 Billion Facility Agreement Vedanta Oil and Gas Limited (VOGL) has created an encumbrance over its equity shares through a facility agreement dated 20 July 2026. This arrangement is secured by GLAS Agency (Hong Kong) Limited acting as the agent for the original lenders, underpinning a total maximum commitment of US$ 2,250,000,000.The encumbrance pertains to the shares of VOGL held by Vedanta Resources Limited (VRL) and its subsidiaries, including Twin Star Holdings Ltd., Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V.GLAS Agency (Hong Kong) Limited is acting in its capacity as...

GLAS Creates Encumbrance Over Shares of Vedanta Iron and Steel Ltd as Part of US$ 2.25 Billion Facility Agreement GLAS Agency (Hong Kong) Limited has created an encumbrance over a significant stake in Vedanta Iron And Steel Limited (VISL) as part of a comprehensive facility agreement. The commitment from the original lenders totals US$ 1,545,000,000, with an additional increase commitment available up to US$ 705,000,000, bringing the maximum commitment under the agreement to US$ 2,250,000,000.The facility was executed on July 20, 2026, involving GLAS Agency (Hong Kong) Limited acting as the agent and security agent for the lenders. The Obligors under this arrangement include TSHL, VRL, VHMLII, and Welter, while arrangers listed...

GLAS Agency Creates Encumbrance Over Vedanta Ltd Shares Under US$ 2.25 Billion Facility Agreement A facility agreement has been executed, leading GLAS Agency (Hong Kong) Limited to create an encumbrance over a significant portion of Vedanta Limited's shares. The arrangement involves Vedanta Resources Limited and its subsidiaries securing financing from a consortium of international banks.The total maximum commitment under the Facility Agreement amounts to US$ 2,250,000,000. Of this amount, the original lender commitment is US$ 1,545,000,000, with an additional increase commitment available up to US$ 705,000,000 from potential participating lenders.The facility agreement was executed on July 20, 2026, involving TSHL (as the...

ONGC Secures Nation's Future: Strategic Gas Reserve Planned as Global Energy Tensions Rise State-run Oil and Natural Gas Corporation (ONGC) is set to spearhead India’s first strategic natural gas reserve. The move comes after intense consideration of global energy security amidst rising geopolitical tensions in West Asia, which have significantly disrupted worldwide supply chains. This initiative aims to bolster the country's long-term resource stability against external shocks.Addressing Energy Security Gaps The focus on creating a dedicated gas reserve is crucial given India’s dependence on imports. The nation currently sources about 55 percent of its natural gas requirements, representing annual imports valued at nearly $15...

Vedanta Power Shares Encumbered Amid US$ 2.25 Billion Facility Agreement A facility agreement involving a maximum commitment of US$ 2,250,000,000 has resulted in the encumbrance of equity shares of Vedanta Power Ltd (VPL), as detailed under terms set forth by GLAS Agency (Hong Kong) Limited on behalf of its clients. The transaction concerns debt financing structured through a Facility Agreement dated 20 July 2026.The facility agreement involves several parties, including Twin Star Holdings Ltd (TSHL), Vedanta Resources Limited (VRL), VHMLII, and Welter as guarantors and obligors. The arrangement includes various international financial institutions as arrangers and original lenders.As of the date of this disclosure, the commitment...

GLAS Agency Creates Encumbrance over Vedanta Aluminium Metal Shares as part of US$ 2.25 Billion Facility Agreement GLAS Agency (Hong Kong) Limited has created an encumbrance over the equity shares of Vedanta Aluminium Metal Limited (VAML). This action is linked to a Facility Agreement executed in relation to substantial financing arrangements involving VAML’s controlling group, Vedanta Resources Limited (VRL).The encumbrance was established on 20 July 2026 in connection with a facility agreement. The agreement involves several parties, including GLAS Agency acting as the agent and security agent, among original lenders such as Barclays Bank PLC and Citigroup Global Markets Asia Limited, arrangers, and guarantors from the Vedanta...

Raj Rayon Industries Announces Investor and Analyst Group Meeting in Mumbai Raj Rayon Industries Limited has scheduled a meeting for investors and analysts. The company officials are set to interact with market participants based on publicly available information.The planned interaction is a group meeting, designed to discuss matters related to the company in a transparent setting. Discussions will be strictly based on publicly available information, and the company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during these sessions.Meeting Details Details regarding the Investor/Analyst gathering are as follows:Date & TimeType of InteractionLocation28th July 2026, 03:00 pm...

Radhika Jeweltech Limited Appoints Two New Independent Directors; Updates Board Composition Radhika Jeweltech Limited announced significant changes to its board structure following a meeting of its Board of Directors held on July 22, 2026. The company approved appointments and cessations related to its Independent Directors, which were made based on the recommendation of the Nomination and Remuneration Committee.Two individuals were appointed as Additional Non-Executive Independent Directors. Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia were appointed with effect from July 22, 2026, subject to subsequent approval by shareholders. Both appointments carry a tenure of five years from the date of appointment.Dholakia...

Infollion Research Services Limited Appoints New Company Secretary Amid C-Suite Changes Infollion Research Services Limited has announced a change in its key managerial personnel (KMP) roles following a Board meeting held on July 23, 2026. The company accepted the resignation of Ms. Megha Rastogi from her position as Company Secretary and Compliance Officer. Concurrently, the Board appointed Ms. Aastha Talwar to assume the duties of Company Secretary & Compliance Officer, effective immediately.The decision regarding staffing changes was made by the Board of Directors following a meeting that commenced at 09:00 A.M. (IST) and concluded at 09:15 A.M. (IST).Details of Personnel Changes Ms. Megha Rastogi’s resignation from the role of...

Bharat Forge Subsidiary Divests 50% Stake in REFU Drive GmbH Bharat Forge Limited's wholly owned subsidiary, Kalyani Powertrain Limited (KPTL), has agreed to sell its entire equity stake in REFU Drive GmbH. The sale was finalized through a Definitive Agreement dated July 22, 2026.The transaction involves KPTL transferring its 50% equity share held in REFU Drive GmbH to REFU Elektronik GmbH.Upon the completion of this divestment, REFU will no longer operate as a joint venture involving KPTL. The consideration for this sale has been set at EUR 12,500.00 and is expected to be received upon closing. The transaction is slated for completion within six weeks from the date of the agreement.The buyer in this deal is REFU Elektronik GmbH...