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Dr. Reddy's Reports Q1 FY27 Consolidated Results and Announces Global Biologics Head Appointment Dr. Reddy's Laboratories Ltd. announced its consolidated financial results for the quarter ended June 30, 2026, reporting revenues of 80,705 million INR. The company also confirmed the appointment of Dr. Sridevi Khambhampaty as Global Head of Biologics and detailed the appointment of M/s Deloitte Haskins & Sells, LLP as the Independent Registered Public Accounting Firm.The results for the quarter reflected a decline in consolidated revenues year-over-year but noted underlying double-digit growth in the base business across various geographies. The company also reported specific operational impacts related to production and market...

Bhageria Industries Announces Un-audited Quarterly Results for Q1 FY2026; Details and Performance Metrics Released Bhageria Industries Limited has announced the un-audited financial results, both standalone and consolidated, for the quarter ending June 30, 2026. The Board of Directors approved these results during a meeting held on July 22, 2026. These results provide stakeholders with insights into the company's operational performance across its various segments.The un-audited standalone financial results for the quarter reflected total income of ₹30,077.60 lakhs. For the three months ended June 30, 2026, revenue from operations stood at ₹28,401.90 lakhs, while expenses were reported at ₹16,222.16 lakhs. This resulted in a profit...

Indo-MIM IPO Opens: Grey Market Premium Surges as Global MIM Leader Aims for Stellar Listing Indo-MIM Ltd.'s Rs 3,811.21 crore initial public offering (IPO) opened today amid significant pre-market buzz and strong grey market sentiment. The book-built issue, which includes a fresh equity issue of 1.03 crore shares and an Offer for Sale (OFS) component valued at Rs 3,311.21 crore by existing shareholders, is set to run from July 23 to July 27, 2026.Grey Market Sentiment and Listing Price Projection The IPO is being tracked by a high Grey Market Premium (GMP) of Rs 185, which indicates a potential listing premium of nearly 38% over the upper end of the price band. Based on this unofficial trading sentiment, the company's shares are...

Independent Director Mukesh Butani Completes Term at Latent View Analytics Limited Latent View Analytics Limited has confirmed that Mr. Mukesh Butani is completing his tenure as an Independent Director of the company, effective July 22, 2026. The cessation follows the completion of five consecutive years in the role.The company stated that the Board and Management sincerely thank Mr. Mukesh Butani for his invaluable guidance and significant contributions during his time serving as an Independent Director.The details regarding the change include:ParticularsDetailsName of the DirectorMr. Mukesh Butani (DIN: 01452839)Reason for ChangeCompletion of term as an Independent DirectorDate of CessationJuly 22, 2026 (close of...

IndusInd Bank Reports Q1 Results; Board Approves Rs 30,000 Crore Funding Plans IndusInd Bank Limited has announced its Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The results cover performance across all business segments, alongside strategic approvals from the Board of Directors concerning future capital raising and debt issuance.The bank's management reviewed the financial outcomes during a board meeting held on July 22, 2026. Key operational and financial ratios for the quarter demonstrate continued strength in asset quality and capitalization levels.Financial Highlights For the quarter ended June 30, 2026, IndusInd Bank reported robust figures across profitability and capital...

Subsidiary Name Change: FEMTO GREEN HYDROGEN LIMITED becomes FEMTO TECH ENERGY SYSTEMS LIMITED Indo Thai Securities Limited has announced a significant name change concerning one of its subsidiary companies. The entity, previously known as FEMTO GREEN HYDROGEN LIMITED, has been officially renamed to FEMTO TECH ENERGY SYSTEMS LIMITED.The update reflects the corporate transition of the company's name from the original designation to the new identity. This information concerns the operational and structural updates within the organization regarding the subsidiary unit.INDOTHAI Stock Price Movement Shares of Indo Thai Securities Limited slipped by 0.74% on Wednesday, finishing the trading day at ₹216.24 following a movement from the...

R.S. Software Reports Financial Results for Quarter Ending June 30, 2026; Approves Audit and Changes Internal Auditor R. S. Software (India) Limited has announced the approval of its Audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company's Board of Directors held a meeting on July 22, 2026, during which they approved the financial results and made decisions regarding the internal audit function.The Board Meeting approved the Audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. Furthermore, the company approved the appointment of M/s. Deoki Bijay & Co., who will serve as the new Internal Auditor effective from August 1, 2026, following the...

Crude Oil Surges Past $95 Amid Escalating Geopolitical Tensions and US Strikes on Iran Brent crude futures climbed significantly on Thursday, reaching $96 a barrel after the United States carried out its 12th consecutive night of attacks against targets in Iran. This surge follows renewed military actions between Washington and Tehran, intensified by reports of Iranian Revolutionary Guards targeting oil tankers. The latest movements underscore the escalating tensions surrounding global oil transit routes, putting pressure on energy markets.Oil Prices Climb to Six-Week High Amid Conflict Escalation Brent crude futures saw a sharp rise of $1.93, or 2%, closing at $96 a barrel. This figure marks the highest level for the benchmark in...

Godrej Consumer Products Invests ₹200 Crore in Godrej Pet Care through Rights Issue Godrej Consumer Products Limited has made a strategic capital infusion into its subsidiary, Godrej Pet Care Limited, investing an aggregate of ₹200 Crore. The investment was executed on July 22, 2026, by subscribing to Equity Shares offered during a rights issue conducted by the pet food product company.The transaction allows Godrej Consumer Products Limited (GCPL) to fund the business operations, growth plans, and capital requirements of Godrej Pet Care. Following this investment, GCPL continues to hold 100% of the total voting capital in Godrej Pet Care, affirming its commitment to strengthening its presence in the rapidly growing pet care category...

Centum Electronics Achieves Recognition for Sustainability and Energy Management in FY 2025-26 Centum Electronics Limited, a key player in electronic system design and manufacturing, has reported on its business responsibility and sustainability performance for Financial Year (FY) 2025-26. The company demonstrated significant achievements in resource efficiency and operations, receiving industry recognition for its environmental stewardship.The company's core business activity is the Design and Manufacturing of Systems and Subsystems, alongside Contract Manufacturing, with each segment contributing 100% to turnover. Centum Electronics operates across two national plants and two offices, serving a wide market that spans 14 states...

Waaree Renewable Technologies Surges on Robust Q1 Earnings as Profit and Revenue Show Strong Growth Shares of Waaree Renewable Technologies are set to remain in strong focus following the report of a healthy set of earnings for the June quarter. The company demonstrated significant operational growth across key metrics, signaling resilience and robust performance in the renewable energy sector.Financial Performance Overview Waaree Renewable reported impressive financial results, noting substantial year-on-year increases in both net profit and revenue. Net profit saw a strong rise of 34% over the previous year, climbing to ₹116 crore from ₹86 crore.Furthermore, company revenue experienced an even steeper surge, growing by 53%...

Bullion Correction: Gold and Silver Prices Dip Amid Global Tensions Ahead of Fed Decision Gold and silver prices experienced a marginal correction in early trading on July 23, primarily due to increased crude oil costs and an elevated US dollar. While international spot metals faced downward pressure, domestic futures saw some rebound driven by sustained geopolitical anxieties. Market participants are intently focused on the Federal Reserve's upcoming policy statement later this month.Global Spot Market Trends for Gold and Silver International markets showed clear signs of early selling pressure. The Comex witnessed international spot gold decline 0.83 percent, settling at $4,117 per ounce. Similarly, silver prices dipped by 0.71...

Global Markets Reel As Oil Jumps to Six-Week High Amid Middle East Escalation; Domestic Equities Face Pressure Indian stock benchmarks are poised for a challenging start on Thursday as geopolitical tensions escalate and crude oil prices surge. GIFT Nifty is trading lower, signaling further weakness for domestic equities despite buoyant activity across various Asian markets driven by AI optimism. The rising cost of energy remains the dominant concern for investors, threatening inflation targets and corporate margins within India.GIFT Nifty Signals Weak Start Amid Consecutive Losses The Indian equity market faced a challenging close on Wednesday. Both the Sensex and Nifty registered losses as domestic sentiment was weighed down by sharp...

Xtranet Technologies IPO Surges into Market Amid Strong Growth Trajectory and Premium Grey Market Signals The initial public offering (IPO) of Xtranet Technologies is scheduled to commence on Thursday, July 23, marking the beginning of a three-day bidding window. The company aims to raise Rs 166.8 crore through a fresh issue of 1.31 crore equity shares. Currently, the stock commands a 10% premium in the grey market, signaling constructive investor sentiment ahead of the listing.The IPO price band has been set at Rs 120-127 per share. Shares will be listed on both the BSE and NSE with a tentative listing date planned for July 30. Share India Capital Services is serving as the book-running lead manager, while KFin Technologies acts as...

Dr. Reddy's Labs Appoints Global Head of Biologics and Deloitte Haskins & Sells as Independent Auditor Dr. Reddy's Laboratories Limited has announced significant executive appointments and confirmed the selection of its Independent Registered Public Accounting Firm. The Board approved the appointment of Dr. Sridevi Khambhampaty as Global Head of Biologics, effective July 22, 2026. Additionally, M/s Deloitte Haskins & Sells, LLP was appointed to serve as the company's Independent Registered Public Accounting Firm for a term spanning five consecutive years.In addition to Dr. Khambhampaty’s appointment, the Board of Directors confirmed key leadership roles and updated the list of Senior Management Personnel (SMP).Key Appointments...

Lodha Developers Allots Equity Shares Under Employee Stock Option Scheme 2021-II Lodha Developers Limited, which was previously known as Macrotech Developers Limited, has announced the allotment of equity shares pursuant to its 'Lodha Developers Limited - Employee Stock Option Scheme 2021 - II'.The company allotted a total of 11,910 equity shares on July 22, 2026. These shares were issued at a face value of ₹ 10/- each. The allotment is part of the designated employee stock option scheme.LODHA Stock Price Movement Shares of Lodha Developers Limited shed 3.17% on Wednesday, settling at ₹1161 after trading through the day. The stock saw a volume of approximately 2.43 million shares in its decline.

NCLT Sanctions Electrotherm's Preference Share Issuance and Allotment Electrotherm (India) Limited has successfully received approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding the issuance and allotment of Non-Cumulative Redeemable Preference Shares (NCRPS). The order, dated July 21, 2026, dictates the terms for issuing shares to existing preference shareholders and mandates a specific redemption action.The NCLT granted permission to Electrotherm under Section 55(3) of the Companies Act, 2013, allowing the company to proceed with the issuance and allotment of NCRPS of Rs. 10 each. This action relates to an initiative originally intended to raise funds equivalent to unredeemed preference shares totaling...

HCLTech Partners with TIM Brasil to Deliver South America's First Cross-Platform eSIM Transfer Capability HCLTech, a global technology leader, has partnered with TIM Brasil, the leading 5G provider in Brazil, to enable the first cross-platform eSIM transfer capability in South America. This digital innovation is set to significantly improve the mobile telephony experience for millions of users across Brazil by offering greater flexibility in device usage and accelerating the adoption of next-generation mobile services throughout the region.The partnership leverages HCLTech's Device Entitlement Gateway (DEG). With this technology, TIM Brasil customers can securely and seamlessly transfer their eSIM profiles across various devices and...

UCO Bank Announces Reviewed Quarterly Financial Results for June 2026, Details on Profitability and Asset Quality UCO Bank has released its unaudited financial results for the quarter ending June 30, 2026. The results, which were reviewed and approved by the Board of Directors, show specific performance metrics across various banking segments and maintain key ratios concerning asset quality.The bank reported a total income of ₹4,64,224 lakh for the quarter. Operational figures included an Operating Profit before tax of ₹2,57,493 lakh, leading to a Net Profit after tax of ₹65,632 lakh in the period.Segmental Performance and Revenue Breakdown The performance review covered multiple business segments, including Treasury Operations...

Samvardhana Motherson Subsidiary Fined by IRS for Delayed FilingSamvardhana Motherson International Limited has disclosed that its indirect wholly owned subsidiary, SMP Automotive Systems Alabama Inc., was penalized by the Internal Revenue Service (IRS) of the United States. The penalty relates to a delay in filing required documentation for the previous fiscal year.The IRS imposed a fine totaling USD 43,200, which is equivalent to INR 4.17 million. This action arose after SMP Alabama failed to file Form 8955-SSA, which pertains to the annual registration of separated participants with deferred vested benefits for the year ended December 31, 2024.The penalty order was dated July 13, 2026, and was received by SMP Alabama on July...