Markets

Waaree Energies Subsidiary Secures Order for 125 MW High-Efficiency Solar Modules Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Limited, has secured an order for the supply of high-efficiency solar modules. The contract was awarded following an order received on July 21, 2026, from a renowned customer that owns and manages utility-scale renewable power projects.The agreement mandates Waaree Solar Americas to supply its Heterojunction Technology (HJT) solar modules to the international customer. This represents a one-time contract for the supply of these high-efficiency HJT solar modules, amounting to 125 MW.The order is scheduled for execution during the Financial Year 2026-27. Key details regarding the...

Rajputana Biodiesel Receives LOI from IOCL for Biodiversity Supply of biodiesel Rajputana Biodiesel Limited has secured a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) concerning the supply of biodiesel. The order covers a period spanning June 2026 to August 2026, with the initial reported volume and value detailed in the LOI received on July 22, 2026.The tender was issued by IOCL via EOI no OMC/EOI/BD/JUN26 (CYCLE1) Tender ID 2026_MKTHO_190226_1, dated June 15, 2026, for the supply of Biodiesel to OMCs including HPCL and BPCL.Rajputana Biodiesel Limited received this specific LOI from IOCL for a total aggregate of 900 KL at its Panipat, Haryana facility. The estimated order value associated with this contract is...

Tribunal Sanctions Scheme for Siyaram Silk Mills; Equity Shareholders to Receive Preference Bonus Siyaram Silk Mills Limited has received sanction from the National Company Law Tribunal, Mumbai Bench, regarding its Scheme of Arrangement with shareholders. The order was passed on July 21, 2026, approving the scheme which involves the issuance of Preference Shares by way of bonus to the company's equity holders.The Scheme utilizes the general reserves of Siyaram Silk Mills Limited and includes various other consequential matters. The company is engaged in the business of manufacturing, branding, and marketing fabrics, readymade garments, and indigo dyed yarn.Details of Preference Share Issuance The proposed scheme dictates that...

Jindal Poly Films Applies for Striking Off of Subsidiary JPF API Laminates UK Limited Jindal Poly Films Limited (JPFL) is undertaking corporate restructuring concerning one of its subsidiaries. The company has received notification that an application has been submitted for the striking off of JPF API Laminates UK Limited, a step-down subsidiary within the JPFL group structure.The corporate arrangement involves multiple layers of ownership. Jindal Poly Films Limited (JPFL) is the parent entity, and JPF Netherlands Investment B.V. operates as its Wholly Owned Subsidiary. Further, JPF API Laminates UK Limited is a Wholly Owned Subsidiary of JPF Netherlands Investment B.V., making it a step-down subsidiary of JPFL.The striking-off...

NRB Industrial Bearings Announces Book Closure for 15th Annual General Meeting NRB Industrial Bearings Limited has scheduled its 15th Annual General Meeting (AGM) and announced the corresponding book closure period for its equity shares. The AGM is slated to be held on Friday, August 14, 2026.The company confirmed that the 15th Annual General Meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).To facilitate the meeting and related procedures, the Register of Members and Share Transfer Books of NRB Industrial Bearings Limited will remain closed for equity shares. The book closure period spans from Saturday, August 08, 2026, to Friday, August 14, 2026, inclusive.Key dates and details related...

Department of Telecommunications Imposes Penalty on Bharti Airtel Over Subscriber Verification Norms Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), which resulted in a penalty being imposed for alleged violations related to subscriber verification norms. The DoT levied a penalty of Rs. 1,03,000 against the company following an audit conducted on its customer applications.The action was initiated after the Department of Telecommunications, specifically the Maharashtra LSA, found discrepancies concerning compliance with the License Agreement requirements for enrolling subscribers. The notice, received by the company on July 21, 2026 at IST 1718 Hrs, detailed that the Company must ensure...

United Spirits Limited posts Q2026 results amid corporate restructuring and operational shifts United Spirits Limited released its unaudited financial results for the quarter ended June 30, 2026, showcasing performance across both standalone and consolidated entities. The company's operations span beverage alcohol manufacture, spirits, and sports franchise rights through multiple domestic and overseas subsidiaries.The Board of Directors approved these unaudited results following a meeting held on July 22, 2026, along with the Limited Review Report received from Statutory Auditors.Standalone Financial Performance For the quarter ended June 30, 2026, United Spirits Limited reported Total income of 6,335. The company recorded Total...

Bansal Wire Reports Q1 FY27 Results; Secures Trial Order for Steel Tyre Cord Bansal Wire Industries Limited, a leading player in steel wire manufacturing, has announced its un-audited financial results for the first quarter of fiscal year 2027 (Q1 FY27), which ended on June 30, 2026. The company, recognized as one of the country's largest stainless steel wire manufacturers and the second-largest steel wire manufacturer by volume, reported a net profit of Rs. 204.6 Mn for the quarter.The Q1 FY27 results show the company’s revenue standing at Rs. 11,678.9 Mn. The operational performance metrics provide insight into the recent business environment. Consolidated Q1 FY27 financial highlights are detailed below:PARTICULARSQ1 FY27Q1...

Tanla Platforms Board Considers Acquisition of Valuefirst Overseas, Decides to Defer Decision Tanla Platforms Limited held a Board meeting on Wednesday, July 22, 2026, concerning the potential acquisition of the Valuefirst Overseas entity. After deliberation, the company's Board decided not to finalize its position and chose instead to defer the decision regarding the acquisition to a subsequent Board Meeting.The Board of Directors' meeting commenced at 3:00 PM (IST) and concluded at 06:45 PM (IST). The review of the proposal for the Valuefirst Overseas acquisition was conducted during this session.TANLA Stock Price Movement Shares of Tanla Platforms Limited slipped on Wednesday, closing at ₹561.6 after shedding 0.1% or ₹0.55 from...

Sahyadri Industries Announces Final Dividend of INR 1.5 Per Share for FY 2025-26 Sahyadri Industries Limited has declared a final dividend of INR 1.5 per equity share for the Financial Year 2025-26, subject to approval by members at the company's forthcoming 32nd Annual General Meeting.The decision was made by the Board of Directors during its meeting held on May 09, 2026. The dividend payment is associated with the Company’s 32nd Annual General Meeting and relates to the performance of Financial Year 2025-26.Sahyadri Industries Limited provided key details regarding the corporate action, which includes the record date and the scheduled payment date for the final dividend.Key details concerning the dividend are presented below...

Encompass Design India Board Approves Preferential Issue of Up To 38 Lakh Shares Worth Rs 95 Crore Encompass Design India Limited announced that its Board of Directors has approved a significant fund-raising initiative through a preferential issue of equity shares. The decision was made during a Board meeting held on July 22, 2026.The company approved the issuance of up to 38,10,000 Equity Shares of face value Rs 10 each at an issue price of Rs 250 per share. This preferential issue is designated for consideration in cash and targets both Promoter and Non-Promoter categories. The total aggregate value of the securities proposed for issuance amounts to Rs 95,25,00,000 (Ninety-Five Crores Twenty-Five Lakh Only).In addition to...

United Spirits Limited Invests in Nuvola Spirits Private Limited Acquiring 10.08% Stake United Spirits Limited has made an investment in Nuvola Spirits Private Limited (NSPL), acquiring a 10.08% stake through the subscription of compulsory convertible preference shares and equity shares. The acquisition, valued at INR 2.69 crore, aligns with United Spirits' strategy to back innovative founders and capitalize on emerging consumer trends within the premium craft beverage segment.The investment involves subscribing to 17,350 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of NSPL. The transaction is structured as a cash consideration deal.Investment Details and Target Company Profile Nuvola Spirits Private Limited...

District Collector Issues Demand Notice to The India Cements Over Alleged Environmental Clearance Violation The India Cements Limited has received a demand notice from the District Collector of Tirunelveli in connection with alleged violations related to limestone mining leases.The notices, dated July 15, 2026, seek recovery of compensation amounting to ₹18.95 crore. This demand pertains to eight limestone mining leases held by The India Cements Limited.The violation relates to the alleged extraction of limestone without prior environmental clearance during a specified period within the subject mining leases. The notices were issued based on the judgment of the Hon'ble Supreme Court in Common Cause vs. Union of India & Ors. (W.P...

Tamil Nadu Tax Tribunal Dismisses Speciality Restaurants Limited's Rectification Petitions Tamil Nadu Sales Tax Appellate Tribunal (Additional Bench), Chennai, has issued an order dismissing six miscellaneous petitions filed by Speciality Restaurants Limited concerning the levy of Value Added Tax on the supply of food and non-alcoholic beverages. The ruling affirms the company's earlier tax orders from 2015 and 2017.The proceedings, which involved miscellaneous petitions TMP Nos. 51 to 56 of 2018, relate to the assessment years 2006-07, 2007-08, and 2008-09 under the Tamil Nadu Value Added Tax Act, 2006. Speciality Restaurants Limited had sought rectification of previous orders issued by the State Tribunal Appeal Nos. 90, 91, and 236...

Record Date Set for Scheme of Arrangement Between Inox Green Energy Services Limited and Inox Renewable Solutions LimitedInox Green Energy Services Limited announced that Saturday, 1 August 2026, has been fixed as the Record Date for determining eligible equity shareholders in connection with the ongoing Scheme of Arrangement involving the company and Inox Renewable Solutions Limited (IRSL).The decision follows the completion of the Scheme of Arrangement between Inox Green Energy Services Limited (the Demerged Company) and Inox Renewable Solutions Limited (the Resulting Company), impacting their respective shareholders. The Record Date is designated for the purpose of establishing eligibility to receive equity shares of IRSL based...

Waaree Renewable Technologies Releases Q1 FY2026 Results; Shows Strong Consolidated Profitability Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has announced its unaudited financial results for the three months ended June 30, 2026. The company reported consolidated and standalone performance metrics, including revenue and profitability data across its key segments.The consolidated figures reflect the integration of Associated Power Structures Private Limited (APSPL), which was acquired on June 18, 2026.Financial Highlights (Consolidated) For the quarter ending June 30, 2026, the company recorded a Total Operating Income of 92,425.06 Lakhs. The profit before tax from continuing operations stood at...

Alphabet Shares Tumble as Massive Capex Plan Overshadows Record Google Cloud Surge Amid AI Delays Google parent company Alphabet reported another strong quarter, highlighted by explosive growth in its cloud computing division. However, investor scrutiny mounted following announcements regarding a substantial increase in capital expenditure plans and lingering uncertainties over flagship AI model timelines.Shares of the search giant saw volatility after the earnings call, eventually dipping as the finance chief revealed the increased capex commitment. This development added pressure to an already complex quarter for Alphabet, despite its strong revenue performances across multiple segments.Google Cloud Drives Stellar Growth Despite...

CEO of CIE Automotive India Limited Resigns from Iron Casting Division CIE Automotive India Limited has announced that Mr. Rajendra Vadlapudi, previously the CEO of its Iron Casting Division, has tendered his resignation. The change in Key Managerial Personnel is effective as of the close of business hours on July 22, 2026.Mr. Vadlapudi resigned from his position after being presented with a new opportunity. He expressed deep gratitude for the opportunities provided during his tenure at the company, noting that he greatly valued the professional and personal growth afforded to him over more than 16 years.In his resignation letter, Mr. Vadlapudi indicated his willingness to assist in ensuring a smooth transition of responsibilities...

Saatvik Solar Subsidiary Secures INR 138 Crore Order for Supply of Solar PV Modules Saatvik Green Energy Limited, through its material subsidiary, has secured a significant commercial order for the supply of Solar PV Modules. The contract was awarded by a renowned Independent Power producer and EPC Player, amounting to INR 138 Crores.The order is designated for the supply of solar photovoltaic modules and represents a substantial business win for Saatvik Solar Industries Private Limited. This domestic commercial transaction is scheduled for execution by December 2026.Details regarding the contract have been made public, confirming that no interest exists from the promoter group in the entity awarding the order, and the contract...

TCS Study Reveals Physical AI is Becoming Mainstream as Manufacturers Scale Implementation Tata Consultancy Services Limited (TCS), a global leader in IT services and consulting, has released the findings of the Future-Ready Manufacturing: TCS Physical AI Readiness Report 2026. The report underscores that manufacturers are shifting their focus from isolated automation projects to building comprehensive physical AI ecosystems, viewing these technologies as a people-first transformation rather than simply workforce replacement.The study highlights that companies are strategically preparing to scale physical AI across various industrial environments, including factories, warehouses, logistics networks, maintenance operations, and quality...