Markets

Bank Profits Soar as Tech Jumps Over 189%; Energy Sector Reels Amid Massive Volatility The financial markets witnessed a highly divergent day as corporate earnings revealed extremes across sectors. While fintech and software giants reported spectacular surges in profits, leading to massive investor enthusiasm, segments like energy commodities faced intense pressure due to volatile market conditions. Investors are keeping a close watch on key stocks that showed dramatic performance swings today.Banking and Financial Services Earnings Take Flight The banking sector provided powerful positive momentum as several financial institutions announced robust quarterly results. IndusInd Bank reported a strong 46.5% surge in profit, reaching...

Goldman Sachs Recommends Catch-Up Rally in India as Markets Eye Diversification Away from Tech Concentration Global asset allocators are increasingly focusing on India amidst ongoing portfolio diversification trends, according to Sunil Koul of Goldman Sachs. While international markets grapple with volatility across technology and AI sectors, there is a growing narrative arguing for the recovery of laggard markets, positioning India as a key beneficiary.Koul noted that firms are receiving more requests regarding calls and meetings on India in recent weeks compared to the previous three to six months. This interest stems from the resilience shown by both the Indian economy and corporate earnings growth. Recent RBI measures have...

S&P 500, Nasdaq Close Mixed as Tech Investors Await Earnings Amid Geopolitical Oil Surge The S&P 500 and Nasdaq closed lower on Wednesday as investors navigated a complex market environment dominated by anticipation for major technology earnings. The indexes saw uneven trading following months of gains that had lifted them from their March lows.Market Performance and Sectoral Trends Preliminary data showed the S&P 500 closing down 10.72 points, or 0.14%, at 7,498.48 points. The Nasdaq Composite also declined, losing 145.48 points, or 0.56%, to settling at 25,691.72. In contrast, the Dow Jones Industrial Average managed to climb by 1.52 points to 52,226.16.The performance revealed a divergence within technology sectors. While...

Asian Chipmakers Surge on AI Buildout Bets as Global Tensions Drive Oil Rally Asian equities saw a strong performance today, driven by optimism surrounding the massive investment pouring into artificial intelligence infrastructure. Regional chipmakers advanced significantly, positioning themselves as key beneficiaries of the global AI buildout. MSCI’s Asia Pacific equities gauge climbed 0.8%, while South Korea’s Kospi — viewed as a barometer for AI investments — saw gains exceeding 3%.Megacap Earnings Pressure and the AI Investment Race The focus is heavily shifting onto how effectively companies are translating billions invested into tangible returns. Alphabet Inc., the first US megacap tech company to report earnings, slid more than...

Brink's Company Acquires NCR Atleos Corporation in Strategic Move to Dominate Indian Cash Management Market The Brink's Company has officially approved the acquisition of NCR Atleos Corporation through a combination filing under Section 311. This strategic move marks a significant consolidation within the global cash and valuables management and financial technology sector. The proposed transaction involves the Acquirer absorbing 100% of the equity share capital of the Target.Understanding the Proposed Transaction Structure The Acquirer, The Brink's Company, is a major global player operating in over 100 countries. Their core business includes providing cash and valuables management, digital retail solutions, and ATM managed services...

Global Cash Management Leader The Brink's Acquires NCR Atleos for 100% Control in Strategic Technology Grab New Delhi: The Commission has officially approved a significant strategic move in the financial technology space as The Brink's Company agrees to acquire 100% of the equity share capital of NCR Atleos Corporation. This landmark combination signifies a major consolidation, ensuring that the targeted entity will be wholly owned and controlled by The Brink's Company upon completion.The acquisition combines global cash management expertise with specialized fintech capabilities. As a result, this deal strengthens the market position of both entities in digital retail solutions and ATM managed services globally.Strategic...

Indian Economy Sustains Resilience as RBI Bulletin Highlights Surge in Sectoral Strength Amid Global Instability The Reserve Bank of India (RBI) has released its July 2026 edition of the monthly Bulletin, providing a comprehensive assessment of the nation's economic trajectory. The specialized article, titled "State of the Economy," details how domestic resilience is counteracting mounting external pressures. This publication highlights significant stability in core sectors despite ongoing global uncertainty.Navigating Global Headwinds with Domestic Strength The global economy continues to grapple with heightened uncertainties stemming from fragile geopolitical tensions and persistent supply chain pressures. Against this volatile...

Mahindra Holidays & Resorts Reports Q1 FY27 Results: Consolidated Revenue Climbs 5% as Premiumization Drives Sales Growth Mahindra Holidays & Resorts India Ltd. reported its unaudited standalone and consolidated financial results for the first quarter of fiscal year 2027, ending June 30, 2026. The company, a leading leisure hospitality provider in India, announced that sales value saw a substantial increase, driven primarily by premiumization initiatives and membership upgrades across its network.The Q1 FY27 results highlight strong performance in the resort business, which registered double-digit revenue growth alongside maintaining healthy occupancy levels.Operational and Financial Highlights Key operational metrics from the...

Kalind Ltd. Board Approves Strategy to Raise Up To USD 65 Million Through Various Securities Kalind Ltd has approved a strategy allowing it to raise funds through various permitted instruments and investment avenues. The decision was made following the company's board meeting, granting flexibility in how the capital infusion will be managed.The Board of Directors sanctioned raising funds for an amount not exceeding USD 65 Million (US Dollar 650,00,000). This fundraising initiative allows the company to structure the investment using multiple instruments and methods across one or more tranches.The approved instruments are comprehensive, covering various forms of capital generation. These include equity shares issuance, convertible...

Kopran Ltd Schedules Board Meeting to Approve Q1 Financial Results Kopran Ltd has announced that its Board of Directors will convene on Friday, August 07, 2026. The primary agenda for the meeting is to review and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the First Quarter ended June 30, 2026.The board meeting has been scheduled at the registered office of the company.In related operational updates, Kopran Ltd also provided details concerning the company's trading window. The trading window for dealing in the securities of Kopran will be re-opened following the declaration of the financial results. This follows a previous period during which the trading window was closed starting from July...

Alpa Laboratories Limited announces cessation of Independent Director upon tenure completionAlpa Laboratories Limited has announced that Ms. Jyoti Jain has ceased to be an Independent Director of the company following the completion of her tenure. The change took effect as of the close of business hours on July 21, 2026.The cessation relates to the fulfillment of her allotted term as an independent director within the organization structure.Details regarding this transition are summarized below:ParticularsDetailsReason for changeCessation of Ms. Jyoti Jain as an Independent Director upon completion of her tenure.Date of cessationClose of business hours on July 21, 2026.Ms. Jain's departure marks the conclusion of her...

SRF Ltd Approves Rs 250 Crore Capex for New BOPET Thick Film Line SRF Ltd has approved a significant capital expenditure proposal for the establishment of a new BOPET Thick Film Line, focusing on enhancing specialized product capacity and mitigating market volatility. The Board of Directors sanctioned the project in its meeting held on July 22, 2026.The investment is projected at Rs. 250 Crores. This expansion initiative involves setting up a dedicated line for BOPET Thick Film, which serves industrial and electronic end-use segments.SRF Ltd intends to add 25,000 MTPA of capacity through this project. The timeline allocated for completing the proposed capacity addition is within 24 months from the date of Board approval.The...

Euro India Fresh Foods Limited Revises Shareholding Details of Proposed Allottees After Market Acquisitions Euro India Fresh Foods Limited has disclosed a revision to the pre-issue and post-issue equity shareholding details concerning certain proposed allottees in its ongoing preferential issue. This revision follows observations received regarding acquisitions made by these non-promoter category individuals from the secondary market between June 19, 2026, and July 17, 2026.The update pertains to details originally disclosed in the Explanatory Statement of the Extraordinary General Meeting (EGM) Notice dated June 19, 2026, read with the Corrigendum dated July 9, 2026. The revision reflects the actual equity holdings and subsequent...

Jiya Eco-Products Ltd Announces Audited Financial Results for FY2026; Highlights Restructuring and Impairment Charges Jiya Eco-Products Limited has announced its audited consolidated financial results and statements for the financial year ended March 31, 2026. The Board of Directors approved these results, alongside a review of the company's operational status and significant financial adjustments resulting from the implementation of an approved resolution plan.The audit of the Consolidated Annual Financial Results was conducted by M/s D R B S V & Associates, Chartered Accountants, who issued an unmodified opinion on the financial performance for the year ended March 31, 2026. The company operates one reportable segment: the Trading...

Coal India Limited Announces 52nd AGM Details and Recommends Final Dividend for FY 2025-26 Coal India Limited has announced the details regarding its upcoming 52nd Annual General Meeting (AGM) and confirmed the recommendation of a Final Dividend for the Financial Year (FY) 2025-26. The AGM is scheduled to be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).The meeting is set for Monday, August 31, 2026, at 11:00 A.M. Shareholders are able to attend the AGM virtually via VC at www.evoting.nsdl.com. The company confirmed that shareholders participating through VC will be counted towards quorum under Section 103 of the Companies Act, 2013.The Notice of the AGM and the Integrated Annual Report for FY 2025-26...

Rachit Prints Ltd Reports Resignation of Secretarial Auditor Rachit Prints Ltd has announced that Mr. Arjunn Kumar Tyagi, a Practicing Company Secretary, has tendered his resignation as the company's Secretarial Auditor. The change is attributed to other professional commitments held by Mr. Tyagi.The details regarding the cessation of the auditor have been confirmed by the company. Mr. Arjunn Kumar Tyagi, identified as a Practicing Company Secretary, resigned from the position due to his prior professional commitments. He also confirmed that there are no material reasons for his resignation.Key details pertaining to this change are as follows:ParticularsDetailsAuditor NameMr. Arjunn Kumar Tyagi, Practicing Company Secretary...

EbixCash World Money Receives RBI Approval to Undertake Trade Remittances, Expanding AD-II License Scope Ebix Cash World Money has achieved a significant milestone by receiving approval from the Reserve Bank of India (RBI) to conduct trade remittances. This approval establishes it as the first non-bank institution in India granted this clearance, expanding the scope of its perpetual Authorised Dealer Category-II (AD-II) license.The official announcement highlights that this regulatory approval allows EbixCash World Money to undertake trade remittances in line with the applicable regulatory framework prescribed under the Foreign Exchange Management Act (FEMA) and directions issued by the RBI. This expansion broadens the company's...

Oriental Rail Infrastructure Secures Contract Worth Rs 3,36,30,000 from Modern Coach Factory Oriental Rail Infrastructure Limited has secured a contract valued at Rs 3,36,30,000.00 from Modern Coach Factory (MCF), Raebareli, Indian Railways. This domestic works contract involves the in-house manufacturing of seat and berth sets for LWS(DDG) coaches.The order signifies a business agreement where Oriental Rail Infrastructure will execute specified railway works at rates defined in the contract schedule. The contract dictates that payment will be made by the Railway based on satisfactory execution and certification of the work, with final settlement occurring upon completion.Key details regarding the contract are as follows...

Thejo Engineering Limited Mourns Demise of Founder Promoter and Chairman Emeritus Mr. K.J. Joseph Thejo Engineering Limited announced with profound grief the passing of Mr. K.J. Joseph, who served as a Founder Promoter and Chairman Emeritus of the company. Mr. Joseph passed away on July 22, 2026.The company expressed deep condolences following the loss of Mr. K.J. Joseph. The Directors and Management acknowledged his enduring association with Thejo Engineering Limited and noted the significant contributions he made to the organization since its inception.Mr. K.J. Joseph had served as the Chairman of the Company before being designated as Chairman Emeritus, effective from June 22, 2021.The message from Thejo Engineering Limited...

TeleCanor Global addresses pending listing applications, citing investor uncertainty and sought fee refund TeleCanor Global Ltd reported that the prolonged pendency of its application for in-principle approval for the issue of fresh shares and subsequent listing approvals has created significant uncertainty among its investors and stakeholders. The company stated it has been following up with the Stock Exchange regarding these pending applications for several months.The delay has reportedly affected the company's ability to secure a prospective investment commitment amounting to approximately Rs. 21.78 crore, which was previously discussed in an Extraordinary General Meeting held on March 6, 2026. TeleCanor Global noted that the lack...