Markets

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...

Mobilise App Lab Limited Appoints Lokesh Sharma as Additional Director Mobilise App Lab Limited has announced the appointment of Mr. Lokesh Sharma as an Additional Director in the category of Non-Executive Independent Director. The board approved the move during its meeting held on July 22, 2026.The appointment is effective from July 22, 2026. Mr. Sharma will serve as an Additional Director for a term of five years, extending until July 21, 2031, subject to the approval of the company's shareholders.Mr. Lokesh Sharma brings extensive experience to the role. He holds a Bachelor's Degree in Electronics & Communication Engineering from Lingaya's Institute of Management & Technology, affiliated with Maharshi Dayanand University, Rohtak...

IIFL Finance Limited Re-purchases Senior Secured Fixed Rate Notes IIFL Finance Limited announced the re-purchase and settlement of a portion of its senior secured fixed rate notes issued under the Global Medium Term Note Programme. The company settled USD 1,369,526.04 for these notes, which included accrued interest.The transaction covered Senior Secured Fixed Rate Notes that were due in 2028 and had an original outstanding principal amount of USD 413,325,000. These particular Notes were issued under Regulation S and Rule 144A of the U.S. Securities Act 1933.The re-purchase action was completed by IIFL Finance Limited. The terms relating to this acquisition were consistent with applicable laws, including regulations set forth by the...

Wipro Limited Achieves 'Leadership' ESG Rating from CRISIL Wipro Limited has been assigned an ESG rating by CRISIL ESG Ratings & Analytics Limited, placing the company in the highest classification category of "Leadership."The rating assignment details reflect a strong performance regarding Environmental, Social, and Governance factors as assessed by the ratings agency.According to the designation, Wipro Limited was independently evaluated based on data available in the public domain, with CRISIL ESG Ratings & Analytics Limited voluntarily assigning the rating.Key details of the ESG assessment are as follows:MetricDetailsRating ProviderCRISIL ESG Ratings & Analytics LimitedAssigned ESG RatingCrisil ESG 78...

IDC Recommends Open Offer in Bliss GVS Pharma Limited at INR 299 Per Share The Committee of Independent Directors (IDC) of Bliss GVS Pharma Limited has recommended that public shareholders consider an open offer made by Anupam Rasayan India Limited and Mates Visa Consultancy Private Limited. The recommendation focuses on the fairness and reasonableness of the offer price set against recent market performance.The open offer pertains to the acquisition of a significant stake in Bliss GVS Pharma Limited, with the IDC noting that the proposal was triggered following the proposed acquisition of 4,58,03,024 Equity Shares, representing 26.00% of the Expanded Voting Share Capital (Offer Size).The offer details are as follows...

Service Care Limited Board Considers Acquisition of Intellectual Property Assets for Strategic Growth Service Care Limited, formerly known as Service Care Private Limited, has undertaken a board meeting to review a proposal concerning the acquisition of intellectual property (IP) assets. The decision aligns directly with the company's long-term growth trajectory and established strategic business objectives.The Board of Directors met to consider the proposed acquisition, identifying it as a move crucial for bolstering the company’s future direction in the market. The meeting covered the details surrounding the potential purchase of these intellectual property assets.This move by Service Care Limited underscores its commitment to...

Jagran Prakashan Appeals NCLAT Ruling Regarding Implementation of EGM Resolution Jagran Media Network Investment Private Limited has filed an appeal in the Supreme Court challenging a recent order passed by the National Company Law Appellate Tribunal (NCLAT). The decision concerns the implementation of a specific resolution that was previously approved.The challenge centers on the NCLAT order dated May 26, 2026. This ruling directed that the implementation of an Extraordinary General Meeting (EGM) resolution, which was passed on May 29, 2026, must be kept in abeyance. This directive is pending the outcome of Company Petition No. 64 of 2023.The appeal has been formally listed before the Supreme Court and is scheduled for July 24...

CIE Automotive India Limited Reports Consolidated Profit of 2,356.15 Million for Q/HY Ended June 30, 2026 CIE Automotive India Limited has released its unaudited consolidated financial results and statement of consolidated cash flows for the quarter and half-year ended June 30, 2026. The company reported a total income of 26,491.95 Million during the period.The Consolidated Statement of Financial Results showed that Operating Revenue from operations stood at 26,205.51 million for the quarter ending June 30, 2026. Total income reached 26,491.95 million. The total expenses amounted to 23,380.00 million, leading to a profit before tax from continuing operations of 3,110.56 million.The company recorded a net profit for the period (Q/HY)...

Anthem Biosciences Holds 20th Annual General Meeting, Approves FY2025-26 Financials and Key Director Appointments Anthem Biosciences Limited held its 20th Annual General Meeting (AGM) on Wednesday, July 22, 2026. The meeting was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), with the company reviewing its operational and financial performance for the fiscal year ended March 31, 2026.The AGM saw the Chairperson address members regarding the company's reflections on FY 2025-26, highlighting key strategic initiatives, the successful listing of the Company, business outlook, and long-term growth plans. Chief Financial Officer Mohammed Gawir Baig provided shareholders with a comprehensive overview of the...

SEBI Seizes Bank and Demat Accounts: ₹6.37 Lakh Fine Imposed in DU Digital Scrip Case Regulatory Action Targets Trading Misconduct Securities and Exchange Board of India (SEBI) has issued comprehensive notices of attachment against Madhu Kumari Bairwa concerning trading activities related to DU Digital Technologies Limited, now known as DU Digital Global Limited. The action comes after a Recovery Certificate was drawn up in the matter.The proceedings, conducted under RC No. 9178 of 2026 and A.P. No. 15576 of 2026, detail the seizure of various financial instruments held by the individual defaulter. SEBI utilized its powers conferred under section 28A (1) read with section 226 of the SEBI Act, 1992.Financial Liability Details The...

SEBI Executes Asset Attachment as Trading Misconduct in DU Digital Global Technologies Reaches Critical Stage Securities and Exchange Board of India (SEBI) has moved decisively into asset attachment proceedings against Rathod Mahendrkumar, a matter stemming from trading activities related to DU Digital Technologies Limited, now known as DU Digital Global Limited. The actions involve the freezing of bank accounts, post office holdings, and critical Demat and Mutual Fund folios nationwide. This move signifies SEBI’s determination to recover outstanding dues owed by the defaulter following alleged market irregularities concerning the specified scrip.Comprehensive Asset Attachment Ordered Against Defaulter The Recovery Officer of SEBI...

SEBI Imposes Fine on Eastern Financiers as Adjudication Reveals Massive Lapse in AP Supervision and Trade Confirmation Records The Securities and Exchange Board of India (SEBI) has imposed a penalty on Eastern Financiers Limited, finding it guilty of multiple serious compliance breaches concerning its Authorized Persons (APs). The Adjudicating Officer concluded that the stock broker failed to maintain adequate supervision over its Associated Persons (APs) and violated several regulations related to trade confirmation and operational integrity.The penalty was levied under Section 15HB of the SEBI Act, with the Order emphasizing the seriousness of the procedural failures identified during a joint inspection by regulators and BSE Ltd...