Markets

RIR Power Electronics and Silicon University Secure Two Research Papers at IEEE MWSCAS 2026, Advancing SiC Technology RIR Power Electronics Ltd., in partnership with Silicon University, Odisha, has achieved a significant research milestone after two joint papers were accepted for presentation at the prestigious IEEE Midwest Symposium on Circuits and Systems (MWSCAS) 2026. The symposium is scheduled to be held in Cincinnati, Ohio, USA. This achievement highlights the advancement of India's silicon carbide (SiC) semiconductor research through industry-academia collaboration.The two accepted papers address critical aspects of High-voltage Power Electronics, including thermal management, switching efficiency, and compact system design...

Smt. Srividya Venkataraman Appointed Chief Financial Officer at Hindustan Petroleum Corporation Ltd Hindustan Petroleum Corporation Limited (HPCL) announced the appointment of Smt. Srividya Venkataraman as Key Managerial Personnel and Chief Financial Officer (CFO), effective July 07, 2026. She assumes this role after Shri K Vinod, Executive Director - Corporate Finance & Additional Charge of Treasury.Smt. Srividya Venkataraman has been appointed to lead the finance function at HPCL. The Board made the appointment during a meeting held on July 07, 2026. She is noted as being not related to any of the company’s Directors.Experienced Finance Professional Joins HPCL Ms Srividya Venkataraman brings over three decades of experience in the...

Sattrix Secures Significant Contract for Managed Security Services from Leading Public Sector BankSattrix Information Security Ltd has secured a substantial contract providing managed security services for a leading public sector banking institution in India. The agreement outlines the scope and terms of service for cyber security defence center operations.The newly awarded contract, which is domestically based, covers the provision of Managed Security Services for the bank's cyber security defence center. Sattrix Information Security Ltd has been entrusted with this role by one of India's premier public sector banking institutions.The financial details of the order indicate a total contract size valued at 9,30,00,000.00. The...

EUROBOND Achieves Expanded NABL Accreditation, Becoming India's Sole ACP Brand Accredited for 51 Testing ParametersMUMBAI: Euro Panel Products Limited’s flagship brand, EUROBOND, has secured a significant milestone by broadening its in-house testing laboratory accreditation scope. The company now possesses NABL (National Accreditation Board for Testing and Calibration Laboratories) accreditation covering 51 comprehensive mechanical and chemical testing parameters. This expansion marks the firm as the only Indian ACP brand to achieve such extensive NABL certification specifically for Aluminium Honeycomb Panels.The expanded certification demonstrates EUROBOND’s competence in accurately testing the coating and mechanical aspects of...

The Great Eastern Shipping Contracts Sale of Tanker, Plans Acquisition in Q2 FY27 The Great Eastern Shipping Company Limited (GE Shipping) has announced that it has contracted to sell its 2009 built Long Range 2 Tanker, 'Jag Lokesh', to an unaffiliated third party. The vessel is slated for delivery to the new buyer in the second quarter of Fiscal Year 27 (Q2 FY27).In addition to the sale, the company has secured a contract to purchase one secondhand Long Range 2 Product Tanker. This acquisition transaction is currently expected to be finalized during Q2 FY27.The sale and planned purchase come amidst an active fleet operation. GE Shipping's current owned fleet stands at 40 vessels in total. The company maintains close to 100%...

Majestic Auto Ltd. Schedules 53rd Annual General Meeting and Releases FY 2025-26 Report Majestic Auto Ltd. has announced the details for its 53rd Annual General Meeting (AGM) while making the Annual Report for the Financial Year 2025-26 available to shareholders.The company's 53rd AGM is scheduled to be held on Monday, August 17, 2026. The meeting will commence at 11:00 A.M. (IST) and will be conducted via Video Conference (VC) or Other Audio-Visual Means (OAVM).The Notice of the 53rd AGM, along with the Annual Report for the Financial Year 2025-26, is being made available electronically. For shareholders whose email addresses were not registered with the company's records, the report can be accessed through a dedicated web link...

Mishtann Foods Ltd Appoints New Company Secretary and Changes Registered Office Address Mishtann Foods Ltd announced on July 07, 2026, that its Board of Directors approved several key corporate changes, including the appointment of a new Company Secretary and Compliance Officer, alongside updating the company's registered office address.The Board meeting held on Tuesday, July 07, 2026, confirmed the appointment of Namrata Girish Vyas as the Company Secretary and Compliance Officer. This appointment is effective from July 07, 2026.Namrata Girish Vyas is a qualified Company Secretary who brings over nine years of experience across corporate compliance, secretarial practices, accounting, auditing, and ROC-related matters. Her...

Acquirers Launch Open Offer for TMT India Ltd Shares at Rs 10 Per Equity Share A combined offer by three companies has been launched for the acquisition of shares in TMT India Limited (TIL). The open offer is being conducted by Navigant Corporate Advisors Limited on behalf of the Acquirers: Yoga Builders Private Limited, Scaffold Properties Private Limited, and MDK Properties and Estates Private Limited.The transaction targets up to 1,287,988 equity shares of TMT India Ltd., representing 26.00% of the fully paid-up and voting share capital of the company. The offer details state that the Offer Price for the shares is Rs 10/- (Rupees Ten Only) per fully paid-up equity share, payable in cash.The Committee of Independent Directors...

Suryoday SFB Targets Forex Expansion, Planning AD-1 License Application Amid Microfinance "Clean-up" Suryoday Small Finance Bank is making significant strategic moves, with the bank planning to apply for the Authorised Dealer Category-1 (AD-1) license in Fiscal Year 2027. This move signals an intent to penetrate the foreign exchange market and offer specialized products such as Foreign Currency Non-Resident Bank (FCNR-B) deposits.Managing Director & CEO R Baskar Babu stated that obtaining this license is a necessary step for the bank's growth trajectory. AD-1 certification allows small finance banks to conduct various permissible capital and current account transactions. Suryoday SFB aims to join a select group of institutions, which...

InterGlobe Aviation Limited Allots Shares Under Employee Stock Option Scheme 2023 InterGlobe Aviation Limited has finalized the allotment of shares arising from the exercise of vested stock options under its Employee Stock Option Scheme 2023. The decision was approved by the company's ESOP Allotment Committee during a meeting held on July 7, 2026.The allotment pertains to Equity Shares issued under the InterGlobe Aviation Limited Employee Stock Option Scheme 2023.Key details regarding this share issuance are as follows:ParticularsDetailsScheme TitleInterGlobe Aviation Limited Employee Stock Option Scheme 2023Type of SecurityEquity SharesPar Value per ShareRs. 10/-Date of Allotment/IssueJuly 7, 2026Shares Issued in...

SBEC Sugar Ltd Secures Inter-Corporate Loan of Rs 5 Crores from Priyadarshini Polysacks Limited SBEC Sugar Ltd has entered into an inter corporate loan agreement with Priyadarshini Polysacks Limited to avail financial assistance. The agreement was executed on July 7, 2026.The transaction involves SBEC Sugar Ltd receiving unsecured financial assistance from Priyadarshini Polysacks Limited. Under the terms of the agreement, the total amount of financial assistance is Rs 5 Crores (Five Crores Rupees Only). The loan period is defined by the closing date as per the repayment schedule.Key details regarding this loan transaction are summarized below:AspectDetailLenderPriyadarshini Polysacks LimitedPurpose of LoanTo avail...

Apollo Micro Systems Stock Plummets as Profit Booking Hits Defense Ancillary Firm After Rs 3,322 Cr Fundraise Approval Apollo Micro Systems saw a significant downturn in its share price on Tuesday, declining by over 5 percent. The fall follows the company's announcement of a major fund-raising plan, which reportedly led investors to book profits after the stock had recently rallied. The defence electronics firm is one of the stocks seeing considerable volatility as it manages this capital expansion.The decline placed Apollo Micro Systems among the top losers on the BSE Smallcap index. Investors reacted negatively following the news of the board approving the fund-raising proposal. Despite the recent drop, the stock remains strong year...

NCLT Sanctions Amalgamation Scheme: India Radiators Ltd and Mercantile Ventures Limited Merge Operations The National Company Law Tribunal (NCLT) has sanctioned the Scheme of Amalgamation between India Radiators Limited (Transferor Company) and Mercantile Ventures Limited (Transferee Company). The approval was pronounced by the NCLT, Division Bench (Court-I), Chennai, on 02 July 2026.The Scheme involves the consolidation of both Petitioner Companies. The rationale provided for the amalgamation includes significant cost reductions, improved operational efficiency, and achieving economies of scale within a centralized structure. Benefits are expected to come from eliminating duplicate work, reducing overheads, enhancing resource...

Philippine Airlines Partners with RateGain to Boost Competitive Pricing Intelligence RateGain Travel Technologies Limited has announced a partnership with Philippine Airlines (PAL), the Philippines' flag carrier, to implement AirGain, RateGain's next-generation AI-powered pricing intelligence platform. The collaboration aims to modernize PAL's pricing capabilities across its global network by utilizing real-time competitive data analysis.Through this strategic alliance, Philippine Airlines will use AirGain to track competitive fares across both direct and indirect channels, enabling faster, more data driven pricing decisions throughout the airline’s operations.A key component of the collaboration is the implementation of AirGain's...

Deep Industries Secures Letter of Award from Oil and Natural Gas Corporation for Charter Hiring Services Deep Industries Limited has secured a significant business opportunity, receiving a Letter of Award from Oil and Natural Gas Corporation Limited. The contract involves providing charter hiring services for Natural Gas Compression at the GGS Paliyad asset in Ahmedabad.The agreement spans a period of five years, with an estimated total value amounting to INR 49.10 crores. This award solidifies Deep Industries' position in specialized industrial service provision within the domestic market.Key details of the contract awarded by Oil and Natural Gas Corporation Limited are summarized below:DetailInformationAwarding EntityOil...

CRISIL Affirms "A1+" Rating on Godrej Agrovet's Rs. 1,500 Crore Commercial Paper Programme Godrej Agrovet Limited has received a rating affirmation from CRISIL regarding its commercial paper programme. The rating was issued based on the company’s financial strength and is described as indicating very strong safety concerning timely payment of financial obligations.CRISIL confirmed the "A1+" rating for Godrej Agrovet's Commercial Paper program, which is valued at Rs. 1,500 Crore. This designation signifies that securities carrying this rating are considered to possess a low credit risk and offer a very strong degree of safety regarding the timely fulfillment of financial obligations.The key details of the rating are as follows...

NCLT Sanctions Scheme of Amalgamation between India Radiators Limited and Mercantile Ventures Ltd The National Company Law Tribunal (NCLT), Division Bench at Chennai, has sanctioned the Scheme of Amalgamation involving India Radiators Limited (the Transferor Company) and Mercantile Ventures Limited (the Transferee Company). The order was pronounced by the Hon'ble NCLT on July 2, 2026.The scheme consolidates both companies under the jurisdiction of the Tribunal, providing a structure intended to streamline operations and enhance market presence for the merged entity.Scheme Details and Rationale The amalgamation is proposed under Sections 230 to 232 of the Companies Act, 2013. The Appointed Date specified in the scheme is January 1...

Kospi Plummets Over 8% Amid AI Stock Frenzy, Tech Giants Face Heavy Selling Pressure The South Korean stock market experienced a significant downturn on Tuesday, with the benchmark Kospi index falling sharply. The market witnessed renewed selling across technology stocks, fueling investor concerns that rapid gains in artificial intelligence (AI) may be outpacing fundamental growth.Tech Stocks Under Siege as AI Valuation Concerns Rise The Kospi dipped by 8.18 percent, settling at 7,392.04 in Seoul. This steep decline was heavily influenced by sharp losses among heavyweight chipmakers, namely Samsung Electronics and SK Hynix. Investors are increasingly questioning whether massive investments into AI chips and data centers will translate...

Ceigall Secures Key Highway Project in Madhya Pradesh with Appointed Date Declared Ceigall India Ltd has confirmed that its subsidiary, Ceigall Indore Ujjain Greenfield Highway Limited, has been informed of the official appointed date for a major highway construction project in Madhya Pradesh. The project is set to commence under Hybrid Annuity Mode (HAM).The declaration comes following notification from the Madhya Pradesh Road Development Corporation Ltd., confirming that July 6, 2026, serves as the Appointed Date for the undertaking.The project involves the construction of a crucial infrastructure link within the state. The details of the highway project are as follows:FeatureDetailsProject NameConstruction of Indore Ujjain...

TARC Limited Reports Robust Q1 FY27 Results, Driven by Strong Presales and Collections Growth New Delhi, July 7th, 2026: TARC Limited, a leading Luxury Residential Real Estate Developer based in New Delhi, has announced operational updates for the quarter ended June 30, 2026. The company reported significant growth in both presales and collections across its luxury residential portfolio, reflecting strong demand and disciplined execution momentum.TARC noted that sustained traction across its developments is being driven by differentiated product offerings and committed execution standards.The operational highlights for the first quarter of FY27 include:Presales: Quarterly presales reached ₹602 crore, marking a 3x increase...