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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...

Enser Communications Unveils Enterprise AI Noise Cancellation Platform Set to Transform BPM CommunicationGurugram: Enser Communications Limited, a prominent provider of Business Process Management (BPM) solutions, has announced the development of its proprietary enterprise-grade noise cancellation software platform. The scalable technology, engineered by the company’s core technical team, is designed to eliminate background noise in real-time during large-scale client interactions, establishing a new standard for voice communication within the BPM industry.The platform addresses a long-standing challenge in high-density call center operations: maintaining crystal clear and distraction-free voice environments. Initially developed to...

Signatureglobal Homes Acquires Saleable Area in Gurugram Project Signatureglobal Homes Limited (SGHL), a wholly owned subsidiary of Signatureglobal (India) Limited, successfully acquired 0.38 million square feet of saleable area on July 22, 2026. The acquisition pertains to the project Signature Global Sarvam located at DXP Estate in Sector-37D, Dwarka Expressway, Gurugram, Haryana.The transaction involved a one time lump sum consideration for the acquired land within the major development. This specific parcel of land was previously held under a collaboration arrangement before being secured by SGHL.The acquired area forms part of a larger land parcel measuring 13.56 acres. The entire project is already operational, having been...

NTPC Green Energy Limited Announces Q1 FY27 Results and Strategic Investment in Renewable Energy Projects NTPC Green Energy Limited, a subsidiary of NTPC Limited, has reported its unaudited financial results for the quarter ended June 30, 2026. The company also announced strategic corporate developments regarding renewable energy project development and investment into AP NGEL Harit Amrit Limited (APNHAL).The Board of Directors reviewed and approved the consolidated and standalone financial results following a meeting held on July 22, 2026. Key operational updates include the incorporation of a wholly owned subsidiary or Special Purpose Vehicle (SPV) intended for developing renewable energy (RE) projects. This move is aimed at...

Geojit Financial Services Reports Q1 FY27 Results; Announces Management Changes Kochi, 22 July 2026: Geojit Financial Services Ltd., an investment services company operating on a differentiated phygital wealth distribution model, today announced its financial results for the quarter ending June 30, 2026 (Q1 FY27). The Company also announced key changes to its senior management structure.The results reflect continued investment in technology and distribution capabilities across its diverse product range, which includes broking, mutual funds, insurance, PMS, lending, and financial planning.Q1 FY27 Financial Performance Highlights Geojit reported a strong revenue performance for the quarter, although Profit After Tax (PAT) saw...

UCO Bank posts strong Q1 results, showing double-digit growth in business and profitability for FY2026-27 UCO Bank reported robust performance for the quarter ending June 30, 2026, highlighting significant growth across its overall business, asset quality, and key operational metrics. The bank saw a substantial increase in total business, while simultaneously improving profit margins and maintaining strong balance sheet health.As of June 30, 2026, the Bank's Total Business stood at Rs 6,05,083 Crore, marking a growth of 15.53% year-on-year (Y-o-Y). Gross Advances grew by 21.18% to reach Rs 2,72,768 Crore, while Total Deposits saw an increase of 11.28%, reaching Rs 3,32,315 Crore.Capital and Deposit Growth The bank demonstrated...

Avanti Feeds Limited to Hold 33rd Annual General Meeting on August 14, 2026 Avanti Feeds Limited has announced the details of its 33rd Annual General Meeting (AGM), which is scheduled to be held on Friday, August 14, 2026. The meeting will take place at 11:00 A.M. IST and will utilize video conferencing or other audio-visual means.The company has prepared the annual report for the financial year 2025-26, which includes the Notice of the AGM, along with standalone and consolidated financial statements, the Board's Report, Auditors' Report, and necessary accompanying documents. Members are being provided electronic voting (e-voting) access to cast their votes on all resolutions set forth in the notice.The meeting requires shareholders...

Lumax Auto Technologies Names Sunil Shantaram Koparkar as CEO for Intelligent Ambient Comfort Division Lumax Auto Technologies Limited has announced the appointment of Mr. Sunil Shantaram Koparkar as the Chief Executive Officer for the Intelligent Ambient Comfort (IAC) Division. The designation was approved by the Board of Directors and is effective from July 22, 2026, marking the start of full-time employment in this senior role.The appointment follows a recommendation from the Nomination and Remuneration Committee, solidifying Mr. Koparkar's role within the company structure.Mr. Koparkar brings extensive international experience to the position. With over four decades in automotive and plastics across North America, Europe, and...

Gandhar Oil Refinery Declares Interim Dividend; Announces Key Governance Changes and Releases Qended June Results Gandhar Oil Refinery (India) Limited, during its Board meeting held on July 22, 2026, announced the declaration of an interim dividend while releasing the unaudited financial results for the quarter ended June 30, 2026. The company also made several updates regarding corporate governance, including the appointment of a new independent director and the reconstitution of its Risk Management Committee.The Board meeting reviewed and approved matters related to the company's operational performance, strategic appointments, and structural alterations.Interim Dividend Declaration Announcing a significant payout, the Board...

Schaeffler India reports strong growth momentum across Automotive Technologies and Vehicle Lifetime SolutionsPune, India | July 22, 2026 — Schaeffler India Limited, the motion technology company, announced the results for its second quarter (Q2) and first half (H1) ending June 30, 2026. The company reported double-digit growth across key segments, including Automotive Technologies, Vehicle Lifetime Solutions, and Intercompany Exports, while managing earnings quality amid macroeconomic volatility.The Board of Directors approved the results, highlighting the continued trajectory of the company's operations in a dynamic market environment.Financial Performance Summary For the second quarter (April–June 2026), revenue from operations...

GAIL Announces Dates for 42nd AGM and Final Dividend Record Date for FY 2025-26 GAIL (India) Limited has announced key dates pertaining to its Annual General Meeting (AGM) and the determination of entitlement for the final dividend for the financial year 2025-26.The company’s 42nd AGM is scheduled to be held on Thursday, August 27, 2026. The meeting will commence at 11:30 a.m. and will be conducted through Video Conferencing (VC) or Other AudioVisual Means (OAVM).Furthermore, GAIL has fixed Wednesday, September 2, 2026, as the designated Record Date for Members. This date is intended to determine entitlement regarding the Final Dividend for FY 2025-26, provided it is approved during the AGM.GAIL Stock Price Movement GAIL (India)...

Vedanta Oil and Gas Faces Legal Challenge After High Court Dismisses PSC Extension PetitionVedanta Oil and Gas Limited, formerly Malco Energy Limited, is currently pursuing an appeal following a ruling by the Hon'ble Delhi High Court regarding its application for the extension of a Production Sharing Contract (PSC). The judgment concerns the government’s non-acceptance of the company’s request to extend the PSC for CB/OS-2 Block.The litigation details indicate that the Hon'ble Delhi High Court, in a judgment dated July 22, 2026, dismissed the writ petition filed by Vedanta Limited. The petitioner had challenged the decision made by the Union of India (MoPNG) and the Directorate General of Hydrocarbons (DGH).In response to the...