Markets

Delta Corp Files Supreme Court Petition Against High Court Ruling on Gambling License Delta Corp Limited has filed a Special Leave Petition (SLP) before the Hon'ble Supreme Court of India following an adverse ruling by the Bombay High Court concerning the licensing of its Deltin Hotel.The filing comes after the company had previously informed stakeholders regarding the status of the license required for installing electronic amusement and slot machines at the Deltin Hotel. The matter originated from Writ Petition No. 317 of 2019, which was dismissed by the Bombay High Court via an order dated April 29, 2026.The dismissal relates to a petition that sought a direction to grant a license under Section 13A of the Goa, Daman and Diu...

TVS Motor Launches Premium Commuter Raider in Egypt to Target Young Urban Riders TVS Motor Company has launched its premium commuter motorcycle, the TVS Raider, in Egypt, marking a strategic step to strengthen its presence in North Africa and expand its portfolio in the Egyptian market. The launch event took place at Hilton Pyramids Golf in Cairo on July 22, 2026.The introduction of the TVS Raider is designed to redefine the premium commuter segment for young and urban riders, combining advanced technology with sporty design and rider-friendly features.Key Features and Specifications Powering the TVS Raider is an advanced air & oil cooled 3V engine. The motorcycle delivers a confident blend of performance and agile handling, backed...

Tanla Platforms Reports Strong Q1 FY27 Results; Revenue Grows 17.8% Year-on-Year Tanla Platforms Limited, an AI-native platform company, announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported significant growth across key metrics during the quarter.The Q1 FY27 performance reflected a strong start to the fiscal year. Revenue reached ₹ 1,226 Cr, marking a 4.1% increase Quarter-on-Quarter (QoQ) and a 17.8% rise Year-on-Year (YoY). Gross profit stood at ₹ 326 Cr, growing by 2.6% QoQ and 25.1% YoY.EBITDA for the period was ₹ 201 Cr, showing a 4.9% growth QoQ and 22.7% YoY. The Profit after tax was reported at ₹ 142 Cr, which saw growth of 5.8% QoQ and 20.1%...

Mahindra Lifespace and Sumitomo Corporation Expand Origins by Mahindra in Chennai with Phase 2B Development Mahindra Lifespaces Developers Limited, through its joint venture Mahindra Industrial Park Chennai Limited (MIPCL), has executed a Second Supplemental Agreement with Sumitomo Corporation, Japan. This strategic move marks the expansion of Origins by Mahindra in Chennai through the development of Phase 2B.The agreement strengthens the partnership that began in 2015 when Mahindra and Sumitomo Corporation first initiated Phase 1 of Origins by Mahindra in Chennai. The industrial ecosystem has since grown with expansions into Phase 2A in 2024, leading to this current agreement for Phase 2B in July 2026.The Second Supplemental...

Innovision Limited Secures Major Contract from NHAI for Fee Plaza Management and Maintenance Innovision Limited has secured a significant contract award from the National Highways Authority of India (NHAI) to manage and maintain a fee plaza along the National Highway 112 in Rajasthan. The engagement involves user fee collection, facility upkeep, and general maintenance duties for the designated infrastructure project.The order was granted on July 21, 2026. NHAI awarded the contract to Innovision Limited following a competitive bidding process conducted via E-Tender.Under the agreement, Innovision Limited will operate as the user fee collection agency for the Biratiya Kalan Fee Plaza. The plaza is situated at Bar-Bilara-Jodhpur...

Cemindia Projects Clarifies Trading Window Status Pending Release of Quarterly Unaudited Financials Cemindia Projects Limited, formerly known as ITD Cementation India Limited, has issued a clarification regarding the trading window for its securities. The company confirmed that the trading window will remain closed and will only reopen after specific financial results are made public.The update pertains to the status of the trading window, which had been previously closed since July 1, 2026.Cemindia Projects stated that the trading window will continue to be closed until the expiry of 48 hours following the submission of the Unaudited Financial Results for the quarter ended June 30, 2026. These results must be submitted to Stock...

Trident Limited Reports Q1FY27 Results: Income Jumps 9% QoQ Amid Strong Operational Efficiency Ludhiana, India, July 22, 2026 – Trident Limited has announced its unaudited financial results for the First quarter of Fiscal Year 2027 (Q1FY27), demonstrating robust operational performance across its diversified business segments. The company reported a consolidated total income of INR 1803 Crore, registering a 9% growth sequentially (QoQ).Consolidated EBITDA grew by 27% QoQ and 1% YoY, reaching INR 316 Crore. Net Profit for the quarter stood at INR 158 Crore, marking a significant increase of 55% QoQ and 13% YoY. The company’s balance sheet remained strong, with Net Debt/EBITDA standing at 0.83 times and Net Debt/EQUITY at 0.22 times...

Oracle Financial Services Software Reports Strong Q1 FY27 Results; Revenue Jumps 69% YoY, Net Income Increases 121% Mumbai: Oracle Financial Services Software Limited (OFSS), a majority-owned subsidiary of Oracle Corporation, announced robust financial results for the quarter ended June 30, 2026. The company reported significant growth across all metrics in its first quarter of Fiscal Year 2027.Consolidated revenue stood at Rs. 3,125 Crore for the quarter, marking a 69% increase year-over-year (YoY). Net income reached Rs. 1,416 Crore, representing a 121% jump compared to the same period in Fiscal Year 2025. Operating income also showed substantial growth, rising by 123% to reach Rs. 1,861 Crore.For the quarter, the products...

InfoBeans Technologies Reports Strong Q1 FY27 Results, Reporting Significant Gains in Revenue and Profitability InfoBeans Technologies Limited, a global AI-driven digital transformation firm (NSE: INFOBEAN, BSE: 543644), announced robust financial performance for the first quarter of the fiscal year 2026-27, demonstrating significant operational strength and growing market demand. The results highlight substantial gains in revenue and profitability across key markets.The company achieved a 33% increase in revenue year-on-year (YoY), while Profit After Tax (PAT) grew by 28% compared to the same quarter last year. Furthermore, EBITDA increased by 21% YoY, which was attributed to improved operational efficiency across the business.As...

Crest Ventures Limited Receives 'No Adverse Observations' from BSE and NSE regarding Scheme of Arrangement Crest Ventures Limited (CVL) has received positive observations from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) concerning its ongoing Scheme of Arrangement with Crest Capital and Investment Limited (CCIL). The approvals mark a significant step toward advancing the corporate restructuring plan.The company confirmed that it received the 'No adverse observations' letter from BSE and the 'No objection' letter from NSE on July 20, 2026. These regulatory clearances are set to facilitate the next stage of the scheme.The Scheme of Arrangement involves Crest Ventures Limited (CVL), designated as...

United Spirits Reports Q1 FY27 Results; Net Sales Rise 6.0% Amid Segment Divergence Bengaluru, India - July 22, 2026: United Spirits Ltd., a prominent beverage alcohol company in India, announced its unaudited standalone results for the first quarter of fiscal year 2027 (Q1FY27), noting double-digit growth in its Prestige & Above segment.The company reported Net Sales at INR2,703 Crores, marking a 6.0% increase year-on-year. The Prestige & Above (P&A) segment saw a strong performance, achieving an NSV of INR2,478 Cr., up 10.1%. Meanwhile, the Popular segment’s Net Sales were INR206 Cr., representing a decline of 17.5%. EBITDA stood at INR432 Cr., which was a 4.1% rise, resulting in an EBITDA margin of 16.0%. Profit After Tax (PAT)...

Waaree Renewable Technologies Reports Strong Q1 FY27 Results; Revenue Jumps 53.23% YoY Waaree Renewable Technologies Limited (WRTL), a leading player in the EPC and Transmission and Distribution (T&D) space within the clean energy sector, reported unaudited financial results for the quarter ended June 30, 2026. The company demonstrated consistent growth, driven by strong execution across its portfolio, with revenue from operations reaching Rs. 924.25 crores in Q1 FY27.WRTL is an integral part of the Waaree Group and focuses on spearheading the Solar EPC business. In addition to its core renewable energy EPC services, the company is expanding its presence into adjacent segments, including T&D and Battery Energy Storage Systems (BESS)...

MPS to Hold Creditors Meeting as ADI BPO Services is proposed for Amalgamation into MPS MPS Limited has announced the schedule for convening a meeting of its Unsecured Creditors regarding the proposed Scheme of Amalgamation between ADI BPO Services Limited and MPS Limited. The meeting is set for Saturday, August 22, 2026, to consider and, if deemed fit, approve the Scheme.The amalgamation involves consolidating the businesses of ADI BPO and MPS into a single entity. The scheme aims to simplify the management structure and rationalize the shareholding pattern within the corporate group, thereby enabling future growth and operational efficiencies for the merged company.Key Details of the Amalgamation ADI BPO Services Limited (the...

Sensex and Nifty Suffer Sharp Plunge as Global Markets Grapple with West Asia Conflict and Soaring Crude Prices Benchmark Indices Fall Amid Geopolitical Tensions and Rising Oil Costs India's stock markets registered a clear downturn on Wednesday, driven by the escalating conflict in West Asia and sharp increases in crude oil prices. This combination triggered fresh selling activity across major indices.The BSE Sensex finished down 715.06 points, marking a decline of 0.92%. It closed at 76,755.05. The NSE Nifty 50 also slipped, declining by 191.45 points or 0.79%, settling at 23,996.25. This drop meant the benchmark index fell below the significant 24,000 psychological level.Midcap and Sector Indices See Losses The downturn was...

IndusInd Bank Surges on Profit Boom as Stocks Navigate Volatility Amid Sector Results Market Under Pressure as Nifty Sits Below Key Support Levels Indian markets ended on a subdued note, continuing to experience pressure despite specific positive developments across various sectors. The broader benchmark index experienced weakness following weak global cues and persistent geopolitical concerns.Technically, the Nifty has slipped below the immediate support level of 24,000. Analysts suggest that in the near term, investors should anticipate a retest within the 23,650–23,800 zone. On the other hand, the region between 24,150 and 24,300 is widely expected to act as stiff resistance for any sustained rebound.Despite the caution in the...

Market Plummets as FIIs Offload Shares Worth ₹819 Crore Amid Geopolitical Tensions and Oil Price Surge The Indian equity markets faced a challenging session, extending their fall for the third consecutive day. The downturn was heavily influenced by rising global oil prices and persistent geopolitical tensions in the Middle East. While foreign institutional investors (FIIs) recorded a net outflow of ₹819.20 crore on Wednesday, domestic institutions provided some counterbalancing support to the broader market.The Nifty 50 index closed at 23,996, marking a decline of 191 points or 0.79 percent. Similarly, the BSE Sensex ended at 76,755, shedding 715 points (0.92 percent). Broader indices were also under pressure, with the Nifty Midcap...

Generic Drug Tariff Scare Sinks Pharma Stocks: Nifty Index Falls Amid Trump's 100% Import Tariff Threat Pharmaceutical Sector Reels as Trump’s Proposed Tariffs Send Shockwaves Shares across the Indian pharmaceutical sector experienced a downturn on Wednesday following statements made by US President Donald Trump. The concerns stemmed from his proposal that generic drugs imported into the United States would face steep tariffs, starting at 100% in August 2028 and doubling in subsequent years. This announcement immediately spooked investors who heavily rely on international trade streams.The Nifty Pharma index registered a decline of 1.3% by market close. Simultaneously, the broader benchmark Nifty 50 also dipped, falling by 0.8%...

Indo-MIM IPO Set for July 23 Open: Global Investors Commit ₹1,141 Crore in Anchor Book Amid High Growth Trajectory Indo-MIM, a leader in precision engineering components manufacturing, is preparing to launch its significant initial public offering (IPO) on July 23. The company has successfully raised Rs 1,141 crore through the anchor book process, ahead of the IPO which will run from July 23 to July 27.The total offer size stands at Rs 3,812 crore. The IPO pricing mechanism is set within a band of Rs 461 to Rs 485 per share, positioning the company valuation at nearly Rs 24,000 crore.Anchor Book Success Signals Global Confidence in Indo-MIM The anchor book saw strong interest from market participants, with 92 anchor investors...

MPS Limited Shareholders Convened for Meeting Regarding Amalgamation of ADI BPO Services Limited MPS Limited is scheduled to convene a meeting of its equity shareholders to consider the proposed amalgamation of ADI BPO Services Limited with the company. The meeting is being held in compliance with the directions issued by the National Company Law Tribunal (NCLT), Chennai Bench, following an order dated 02 July 2026.The purpose of the shareholder meeting is to consider and, if thought fit, approve the proposed Amalgamation Scheme. This proposal involves the amalgamation of ADI BPO Services Limited with MPS Limited, as stipulated under Sections 230 to 232 of the Companies Act, 2013.The meeting, which will take place through Video...

Indo-MIM Set to Conquer Global Market with Specialized Components, But Investors Must Assess Raw Material Risks Indo-MIM, a leading precision engineering components manufacturer, is set to debut via an Initial Public Offering (IPO) designed to fund expansion and repay debt. The company plans to raise ₹500 crore through a fresh issue, supplemented by an offer for sale raising ₹3,312 crore. This move comes as the firm seeks to solidify its position in highly specialized global markets.The IPO will see the promoter group's stake reduce from 92.9% to 77.7%. The company provides comprehensive end-to-end solutions across its client base, which includes automotive, defence, medical, consumer, and aerospace sectors.Mastering Precision...