Markets

TeleCanor Global Ltd Confirms No Internal Link to Share Price Fluctuations TeleCanor Global Limited has addressed market speculation regarding the movement in its equity shares, stating that the price fluctuation is purely market driven and does not stem from any internal company information.The company confirmed that management is unaware of any specific development or information that could be linked to the significant volatility observed in the share price.In issuing the clarification, TeleCanor Global Limited emphasized that the fluctuation in the stock's value appears to have no connection, direct or indirect, with the company's operations or its management. The company maintains a commitment to adhering to all applicable...

India Ratings Affirms Credit Rating for Ipca Laboratories' Commercial Paper and Bank Facilities India Ratings & Research (A Fitch Group Company) has affirmed the credit ratings for several key financial instruments issued by Ipca Laboratories Ltd., including commercial paper and bank loan facilities.The rating affirmation covers Ipca’s working capital limit, long-term loans, and commercial paper issuances. The review determined that the company maintained its standing across these debt instruments.For Commercial Paper, rated by India Ratings,the instrument has a maturity date of up to 365 days and was issued in a size of INR 500 million, receiving an IND A1+ rating with an Affirmed status.In addition, the ratings for Bank Loan...

Golden Legand Leasing Incorporates Subsidiary to Bolster Digital Financial Ecosystem Golden Legand Leasing and Finance Limited has successfully incorporated a wholly owned subsidiary, Gullakkart Private Limited, as part of its strategy to strengthen its digital financial services ecosystem and expand technology-enabled lending operations.The incorporation of the new entity marks a significant step in Golden Legand's commitment to expanding its technological footprint within the lending industry. The purpose of the subsidiary is specifically tied to supporting the Company’s growing digital lending ecosystem.Gullakkart Private Limited intends to undertake activities related to digital payment solutions. The company plans to apply for...

Hexagon Nutrition Ltd Sees Departure of Two Directors Following Share Divestment Hexagon Nutrition Ltd has announced that two board members, Mr. Subhash Purushottam Kelkar and Mr. Aditya Kelkar, have resigned from their positions in the company, effective July 6, 2026. The resignations followed the directors' complete divestment of their shareholding in Hexagon Nutrition Ltd.The departures include Executive Director Mr. Subhash Purushottam Kelkar and Non-Executive Director Mr. Aditya Kelkar. Both individuals stepped down from the board after fully exiting the company following a recently concluded IPO.Mr. Subhash Purushottam Kelkar, who was an Executive Director, resigned as a selling shareholder. Similarly, Mr. Aditya Kelkar, a...

Goodluck India Ltd to Hold Board Meeting on July 11, Discussing Bonus Issue and Corporate Restructuring Goodluck India Limited announced that its Board of Directors will convene a meeting on Saturday, July 11, 2026, at the Company’s corporate office. The board agenda includes consideration and approval of several key strategic matters for the company.Among the topics set for discussion is the potential issue of Bonus Equity Shares. The issuance, the notice indicates, remains subject to all requisite statutory, regulatory requirements, and shareholder approvals.Additionally, the proposed Corporate Restructuring of the Company will be evaluated during the meeting. This includes assessing various restructuring options within the...

HDFC Asset Management Company Receives ESG Rating of '62' from ESG Risk Assessments and Insights Limited HDFC Asset Management Company Limited has received an ESG rating following a report issued by ESG Risk Assessments and Insights Limited.The assessment, which was conducted based on publicly available information, assigned an ESG rating of '62' to the company. The report was provided by ESG Risk Assessments and Insights Limited via email dated July 6, 2026.The company confirmed that it had not engaged ESG Risk Assessments and Insights Limited for any specific ranking or report; the assessment was independently prepared by the firm based on information available in the public domain.HDFCAMC Stock Price Movement Shares of HDFC...

BF Investment Limited Releases Business Responsibility and Sustainability Report for Financial Year 2025-26 BF Investment Limited (BFIL), a company engaged in investment and financing, has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report provides comprehensive details on corporate governance, operational metrics, stakeholder engagement, and adherence to responsible business conduct principles.Corporate Profile and Business Activities Established on May 26, 2009, BF Investment Limited operates as a core investment company, with investment and financing constituting 100.00% of its business activities and turnover. The entity is reporting on a standalone basis. As of the...

PCBL Chemical Ltd's Debt Rated by CARE Ratings: Key Banking Facilities Reaffirmed PCBL Chemical Ltd has received credit ratings from CARE Ratings Limited regarding its banking facilities. Following a thorough review, CARE Ratings assigned specific ratings to various instruments extended under the company’s long and short-term bank facilities.The ratings were determined after CARE Ratings conducted due consideration of PCBL Chemical Ltd's financial position. The ratings relate to three distinct categories of bank facilities: Long term Bank Facilities, Long term / Short term Bank Facilities, and Short term Bank Facilities. All rated instruments had their ratings reaffirmed by the agency.Details concerning the rated banking facilities...

HMT Limited Takes Possession of Granted Land Following Forest Department Order Hindustan Machine Tools Limited (HMT) has assumed possession of land granted by the Government of Karnataka, following an order issued by the Deputy Conservator of Forests in Bengaluru. The parcel of land is valued at 430 acres or 21.853 guntas and was conveyed and gifted to the company by the then Government of Karnataka through various documents.The company confirmed that it has fulfilled all transactional requirements related to the acquisition, enabling it to take possession of the property.While noting the completion of transactions, the report indicated that the Karnataka Forest Department suggested an appeal be filed before the Conservator of...

BSE, MCX Shares Plunge as Jefferies Hails NSE's Diversification Ahead of IPO Shares of the Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX) experienced significant declines, falling up to 4% on July 7. This drop followed comments from brokerage firm Jefferies, which highlighted the superior diversification profile of the National Stock Exchange (NSE) as it prepares for its Initial Public Offering (IPO).Jefferies stated that NSE, which has filed draft papers with SEBI for its Rs 30,000-crore IPO, possesses a more diversified product mix compared to BSE and MCX. The firm noted that NSE boasts over 90% market share across most trading segments.Jefferies Report Highlights NSE's Dominance in Market Segments The analysis by...

Onpoint Secures $600K in Pre-Seed Round to Supercharge Loyalty Rewards Democratization Consumer rewards platform Onpoint has successfully raised a pre-seed funding round of $600,000. This crucial investment comes from First Cheque (an entity under IndiaQuotient) and Whiteboard Capital, with participation also noted from various angel investors. The funding round is set to accelerate product development and significantly expand the company's merchant network across India.Democratizing Loyalty: How Onpoint Changes Rewards Earning Founded in 2025 by former Meta colleagues Nakul Khanna and Anurag Gupta, Onpoint addresses a key gap in the digital economy. It operates a payment-agnostic rewards platform designed to benefit consumers...

Texmaco Rail Secures Rs 70.72 Crore Order for Manufacturing BLSS Rakes from Central Warehousing Corporation Texmaco Rail & Engineering Ltd has been awarded a contract by the Central Warehousing Corporation (CWC) involving the manufacture and supply of specialized railway rolling stock. The order, valued at Rs 70.72 crores (including taxes), highlights the company's capacity in rail infrastructure manufacturing.The Letter of Award specifies the scope of work as the Manufacture and Supply of BLSS rakes along with Brake Vans to CWC. The transaction is classified as a domestic contract awarded by a domestic entity.According to the details provided, Texmaco Rail & Engineering Ltd has been granted an execution timeline of within 180 days...

Nurture Well Industries Clarifies Market Movement of Stock Securities Nurture Well Industries Ltd., formerly known as Integrated Industries Limited, has addressed recent volatility in the price and volume of its equity shares. The company issued a statement clarifying the nature of the movement following an inquiry regarding significant stock activity across exchanges.The company stated that as of the date of the clarification, there is no undisclosed material event, pending decision, or any other price sensitive information that could potentially bear on the price and/or volume behaviour of its securities, requiring disclosure to regulatory bodies.Nurture Well Industries affirmed that the movement in the price and volume of its...

Allcargo Global IPO Marks Strategic Shift as CFO Warns of 'Normal' Geopolitical Supply Chain Risks The listing of Allcargo Global signifies the culmination of a four-year strategic restructuring within the parent group, providing a dedicated platform for its international supply chain business. The demerger is set to enhance shareholder value and give the global logistics segment greater operational flexibility in an era defined by volatile global trade routes.Ravi Jakhar, Group CFO and Director - Strategy at Allcargo Group, explained that separating the international logistics division was necessary because its growth drivers and capital allocation needs fundamentally differ from the domestic business model. This restructuring allows...

Bharat Wire Ropes Rated by CARE Ratings; Long-term and Short-term Bank Facilities Reaffirmed Bharat Wire Ropes Limited (BWRL) has received a rating reaffirmation for its bank credit facilities from CARE Ratings Limited, reflecting adequate operational and financial performance despite headwinds in the market. The rating agency reaffirmed the status of the company’s long-term and short-term banking arrangements in July 2026.The details of the reaffirmed facilities are as follows:FacilitiesAmount (in crore)RatingRating ActionLong term Bank Facilities98.00 (Reduced from 125.11)CARE BBB+; StableReaffirmedShort term Bank Facilities25.00CARE A3+ReaffirmedThe rating reaffirms the company's commitment, noting that BWRL’s...

Filatex Fashions Ltd Approves Appointment of Two New Additional Directors The Board of Directors of Filatex Fashions Limited has approved the appointment of two new individuals as Additional Directors, effective July 07, 2026. The appointments were made following the recommendation of the Nomination and Remuneration Committee.Mr. Pratik Bharatbhai Panchal and Mr. Rutvikbhai Mukeshbhai Beladiya have been appointed to the company's board. Both directors will serve as Additional Directors for a term of five years, subject to shareholder approval.Mr. Pratik Bharatbhai Panchal (DIN: 10721812) has been approved as an Additional Director with Non-Executive and Independent Director status. Mr. Rutvikbhai Mukeshbhai Beladiya (DIN: 10726964)...

Globus Spirits Ltd Ratings Reaffirmed by CARE as A+ (Stable) and A1+, Driven by Operational Improvements in FY26 Globus Spirits Limited has received a rating reaffirmation from CARE Ratings, with its long-term bank facilities assigned a rating of CARE A+; Stable, and short-term bank facilities at CARE A1+. These ratings reflect the company's improved financial performance and strengthening capital structure during fiscal year 2026.The ratings review considered GSL's significant presence in the bulk alcohol and Regular and Others (R&O) segment, as well as its experienced promoter and management team.Financial Overview and Rating Details CARE Ratings assessed the company’s facilities, noting improved financial performance in FY26...

Info Edge Stock Surges as Q1 Business Update Highlights Strong Growth Amid Strategic Acquisition Plans Shares of Info Edge, the parent company behind Naukri.com, experienced a significant rally on July 7 after releasing a robust first-quarter business update. The stock surged, with shares trading 10.5% higher at Rs 1,134.85 apiece by midday. This sharp movement reflected investor confidence in the company’s growing digital business segments.Info Edge Posts Robust Q1 Growth Across Key Business Segments The financial filing revealed a substantial increase in Info Edge's standalone billings for the quarter ended June 2026. Billings grew by 14.4% year-on-year (YoY), reaching Rs 737 crore, up from the Rs 644.20 crore reported in Q1FY25...

Hexagon Nutrition Limited Board Sees Two Directors Resign Following Share Divestment Hexagon Nutrition Limited announced that two of its directors had resigned from the company's board, effective July 6, 2026. The resignations followed the completion of share divestment by both individuals in relation to a recent IPO.The departing members are Mr. Subhash Purushottam Kelkar, Executive Director, and Mr. Aditya Kelkar, Non-Executive Director. Both stated that their departure was deemed appropriate as they no longer held any shares in the company after fully exiting through the divestment process.Hexagon Nutrition Limited expressed sincere appreciation for the contributions of both directors during their tenure with the organization...

Landmark Property Development Company Reaches Amicable Settlement with Saya Buildcon Consortium Landmark Property Development Company Limited has completed the execution of several settlement documents with Saya Buildcon Consortium Private Limited regarding past financial commitments and property allocations. The agreements formalize an amicable resolution between both parties concerning matters dating back to 2017 related to loan and deposit agreements, as well as the cancellation of commercial unit allotments.The settlements include a Settlement Agreement relating to the Loan Agreement dated May 30, 2017, and another Settlement Agreement pertaining to the Inter Corporate Deposit Agreement dated December 14, 2017. Furthermore, a...