Markets

TANFAC Industries Completes QIP, Approves Preferential Issue in Multi-Crore Funding Drive for Growth TANFAC Industries Limited, a key player in India's fluorine chemicals sector, has successfully completed the first tranche of its funding drive and secured approval for a preferential issue. The Company is utilizing these capital infusions to bolster strategic growth initiatives, including expansion into the R-32 refrigerant gas segment and expanding its portfolio of value-added fluorochemical products.The company completed a Qualified Institutional Placement (QIP) on June 25, 2026, in which it allotted 1,258,918 equity shares, raising approximately ₹ 250 crore from marquee institutional investors.Further bolstering its financial...

Open Offer for Sharp India Shareholders by Smart Services Private Limited; Acquirer seeks 25% stake Smart Services Private Limited has launched an open offer to acquire equity shares of Sharp India Limited (the Target Company). The acquisition aims to secure a 25.00% stake in the company's fully paid-up and voting share capital.The Post Offer Advertisement, issued by Navigant Corporate Advisors Limited on behalf of Smart Services Private Limited, outlined the details of the open offer regarding Sharp India Limited. This initiative involves acquiring up to 64,86,000 equity shares of Sharp India Limited at a price of Rs. 10.00 per fully paid-up Equity Share.Key entities involved in the acquisition include:ParticularDetails...

SG Finserve Limited Board Meeting Scheduled to Approve Q1 Unaudited Financial Results SG Finserve Ltd has announced the scheduling of its Board of Directors meeting to review and approve the unaudited financial results for the quarter ended June 30, 2026.The company's Board of Directors is set to convene on Tuesday, July 14, 2026. The primary agenda item for the meeting will be considering and approving the unaudited financial results pertaining to the quarter that concluded on June 30, 2026.In parallel operational updates, SG Finserve Ltd provided information regarding its trading window status. The company confirmed that the trading window for dealing in its equity shares has been closed as of July 01, 2026. The trading window is...

ICRA ESG Ratings Limited Revises Dodla Dairy Ltd's ESG Impact Rating to 71 (Good) ICRA ESG Ratings Limited has revised the Environmental, Social, and Governance (ESG) Impact Rating for Dodla Dairy Limited. The rating was updated from a previous score of 70 (Good) to a new score of 71 (Good).The revision follows an annual surveillance carried out by ICRA ESG Ratings Limited based on their established review process.According to the detailed outcome provided in Annexure I, the company's overall impact rating increased marginally. The ESG Impact Rating structure is broken down into three key pillars: Environment, Social, and Governance.ESG MetricPrevious ScoreSymbolRevised ScoreNew StatusESG Impact Rating70Good71Good...

Adani Enterprises' Kutch Copper Achieves LME Brand Registration for Grade-A CathodesKutch Copper Limited (KCL), a subsidiary of Adani Enterprises Ltd (AEL), has secured London Metal Exchange (LME) certification for its 'Adani Copper' brand. The achievement positions Adani Copper as a globally competitive producer of refined copper, enabling the cathodes to be delivered against LME Copper futures contracts from July 10, 2026.The approval from the world center for the trading of industrial metals validates KCL's manufacturing excellence and responsible sourcing practices against stringent global benchmarks. This certification grants Adani Copper the status of a Good Delivery brand for 'Copper Grade A' contracts, placing it alongside...

Gold Rally Status Check: DSP Warns Investors to Resist Overbuying Despite Strong Performance Gold's sustained rally continues to impress investors globally, demonstrating remarkable resilience in asset classes. However, the latest report from DSP Mutual Fund cautions against aggressively increasing gold allocations at current price levels. The fund advises that while precious metals have significantly outperformed many competing assets this cycle, the risk-reward margin is currently balanced and attractive buying opportunities may yet to emerge.Current Valuation and Investment Stance DSP notes that the current pricing of gold does not yet offer sufficient incentive for overweighting the metal. According to the report, the market is in...

Larsen & Toubro Secures Moody's Baa1 Rating, Positioning Firm Two Notches Above India’s Sovereign Grade Larsen & Toubro Limited (L&T) has achieved a significant milestone in its credit profile, securing a 'Baa1' long term issuer rating with a 'Stable' outlook from Moody's Ratings. The assessment reinforces the Group's robust financial resilience and ability to meet its commitments.The 'Baa1' designation places L&T within the quality investment-grade category, signifying a strong capacity to manage its financial obligations while maintaining a low level of credit risk. This rating is viewed as an indicator of L&T’s prudent financial management and consistent operational performance across various business segments.The Stable outlook...

TCS Q1 Preview: AI Bets and Workforce Shift Define Fate as IT Sector Faces Spending Squeeze The country's largest IT services firm, Tata Consultancy Services (TCS), is set to lead the FY27 earnings scrutiny on July 9th. The company faces a pivotal moment, needing to demonstrate a clear path forward as global demand softens and its business model navigates the disruptive impact of Artificial Intelligence (AI).Investors are not merely focused on quarterly results; they seek reassurance regarding how TCS will navigate significant headwinds, including cautious discretionary spending, geopolitical tensions in the Middle East, and strategic shifts in hiring.Navigating Margin Pressure Amid Macro Headwinds Brokerages anticipate subdued...

BGR Energy Systems Ltd Reports Financial Indebtedness and Revolving Facility Status as of June 30, 2026 BGR Energy Systems Ltd has provided an update on its financial debt status and revolving facilities, detailing the amounts outstanding across various categories as of June 30, 2026.The company’s latest financial details show specific figures regarding loans, revolving facilities, unlisted debt securities, and overall financial indebtedness. Total financial indebtedness for the listed entity, encompassing both short-term and long-term debt, stands at Rs.4524.27 crores.Details concerning the outstanding amount of loans and revolving facilities are as follows:ParticularsAmount (INR Crores)Total Loans / Revolving Facilities...

K S Oils Limited Clarifies Media Reports Regarding Alleged 75 Crore Trade Finance Fraud K S Oils Limited has issued a clarification concerning media reports alleging involvement in a major trade finance fraud spanning the period from 2010 to 2014. The company addressed these claims, noting that its current operations and business continuity remain unaffected by the past allegations.The reported matter involves alleged trade finance fraud amounting to 75 crore, involving K S Oils and six former officials, according to reports seen in print, electronic, and social media.K S Oils Limited confirmed that as of the date of clarification, the company has not received any notice, summons, or official correspondence from the Central Bureau...

The Anup Engineering Limited Recommends Final Dividend of Rs 12 Per Share; Outlines TDS Structure for Shareholders The Anup Engineering Limited announced that its Board of Directors recommended the payment of a final dividend, detailing the Tax Deduction at Source (TDS) framework applicable across various shareholder categories.The company’s Board meeting, held on May 28, 2026, recommended the distribution of a final dividend amounting to Rs 12/- per equity share for the Financial Year ended March 31, 2026. The payment remains subject to approval by shareholders at the ensuing Annual General Meeting (AGM).In accordance with tax requirements under the Income-tax Act, 2025, the Company is required to withhold taxes on dividends paid...

Gold Jewellery Demand Surges as Precious Metal Prices Cool Amid Market Reset Demand for gold jewellery has seen a significant resurgence in June, coinciding with a correction in prices and the easing of geopolitical tensions across West Asia. After facing a period of dormancy due to sharp price increases and associated customs duties, sales are beginning to rebound strongly.At Dariba Kalan, one of Delhi’s premier jewellery hubs, foot traffic has increased substantially. Owners report that demand is robust as customers anticipate upcoming festival and wedding seasons.Market Rebound and Expert ViewpointsThe precious metal markets experienced a necessary correction from recent all-time highs. This fall in prices has been instrumental...

IHCL Reports 20 Hotel Signings and 11 Openings in Q1 FY2027; Portfolio Reaches 645 Hotels Indian Hotels Company Limited (IHCL), India’s largest hospitality company, has demonstrated significant growth momentum in the first quarter of fiscal year 2027. The company signed 20 new hotels and opened 11 new properties, bringing its total hotel portfolio to 645, with a pipeline comprising 263 hotels.Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development at IHCL, noted that seventeen of the twenty signings in the quarter were concentrated across Gateway, Ginger, and Tree of Life. These developments spanned emerging markets such as Bharatpur, Trichy, Sindhudurg, Jawai, and Wayanad, while others deepened penetration in...

National Fertilizers Ltd Reports Zero Commercial Paper Issuance for Quarter Ended June 30, 2026 National Fertilizers Limited (NFL) has reported details concerning its Commercial Papers (CP) for the quarter ending June 30, 2026, noting that there was no CP issuance during that period. The company provided key certifications regarding its financial status and the usage of funds related to CPs.The review of commercial paper issued by NFL shows zero issuance for the specified quarter.A summary of Commercial Papers (CP) issued in the quarter ended June 30, 2026:S.No.Maturity Value of CP (Rs in Crore)UnitsTOTALNILN.A.In addition to the quarterly report, NFL confirmed that the total issuance of CPs during the calendar year up to...

Asahi Songwon Colors Appoints Maulik P. Shah as Chief Financial Officer and Key Managerial Personnel Asahi Songwon Colors Limited has appointed Mr. Maulik P. Shah as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of the company, effective from July 07, 2026. The appointment was approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.The company also authorized several personnel for determining the materiality of an event or information and for making disclosures to Stock Exchanges. Mr. Maulik P. Shah has been designated as both Managing Director and Chief Financial Officer, while Mr. Joseph Saji Varghese, Company Secretary & Compliance...

Srivasavi Adhesive Tapes Secures Significant Export Order from US Customer Srivasavi Adhesive Tapes Limited has secured a major export order for its technical adhesive tapes from a customer in the United States, boosting international business prospects.The order details reveal that the contract involves supplying technical adhesive tape to an International Entity. The total value of this significant order is reported at 77,880.60 USD (equivalent to approximately Rs. 74,27,590 excluding applicable tax).This transaction represents a key international win for the company in the adhesives sector. No interest exists from the promoter or promoter group companies in the awarding entity, and the order is not classified as a related party...

JD Cables Ltd Commences Production at New Manufacturing Unit for Conductor Division JD Cables Ltd has successfully begun production for its Conductor Division at a new manufacturing unit located in West Bengal. The commencement of operations was completed on July 06, 2026.The new facility is situated at Chakundi, Star Battery Gate, Dankuni, Hooghly-712310 West Bengal.The company has established an installed capacity of 28000 kms at this manufacturing unit.Stock Price Movement As of 12:14, JD Cables Ltd shares are ticking down at ₹240.50, having dropped by 1.13%. The stock moved within its intraday range, trading between a low of ₹235.05 and a high of ₹241.55.

AMPL Capital Limited Affirms Share Price Movements Are Driven Purely By Market ConditionsAMPL Capital Limited, formerly known as Credent Global Finance Limited, stated that the movement in its share price is driven entirely by market conditions and does not relate to any undisclosed information or internal corporate actions.The company clarified that management has no control over the movements of the shares and holds no specific knowledge regarding the reasons behind the pricing fluctuations. AMPL Capital affirmed that there is no impending announcement or price sensitive information that has not been made public concerning the operation or performance of the company.AMPL Capital reiterated its commitment to promptly informing...

Tata Chemicals Re-designates Senior Management Personnel Mr. Rino Raj Tata Chemicals Limited has updated the role of its senior management personnel, re-designating Mr. Rino Raj to oversee all manufacturing plants across India.Mr. Rino Raj, who currently serves as Vice President & Site Head - Mithapur and is identified as a Senior Management Personnel of Tata Chemicals Limited, has been given additional responsibilities concerning the Company's operations throughout India. In light of this expanded scope, his designation has been formally changed to Vice President Manufacturing (India).This professional transition marks an enhancement in Mr. Raj’s role within the organization, granting him comprehensive responsibility for all plants...

Bajaj Housing Finance Ltd Allots Rs 1,501 Crore in Secured NCDs via Private Placement Bajaj Housing Finance Ltd has announced the allotment of 1,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The total size of the issuance is reported at Rs 1,501.0655 crore, which includes premium and was allotted on July 7, 2026.The company confirmed that these NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.Key Terms and Repayment Structure The instruments have a tenure of 1,179 days. The debentures were issued with an annual coupon rate set at 7.53%. The maturity date for the NCDs has been fixed as September 28, 2029.A complete repayment schedule details four payments...