Markets

Zenlabs Ethica Appoints Sanjay Dhir as Chief Financial Officer The Board of Directors of Zenlabs Ethica Limited has appointed Mr. Sanjay Dhir as its new Chief Financial Officer (CFO). This appointment follows a decision made by the company's Board at a meeting held on July 21, 2026.Mr. Sanjay Dhir, who holds DIN 02452461, was appointed to oversee the financial operations of Zenlabs Ethica Limited. The appointment aligns with the requirements concerning managerial personnel in the company.The role and professional profile of Mr. Dhir were detailed in the supporting annexure documentation. He brings extensive experience in accounting, finance, and compliance to the position. His capabilities include managing complex financial...

VJTF Eduservices Ltd Addresses Market Volatility in Share Prices VJTF Eduservices Ltd provided insights into its equity share price movement across a recent trading period, stating that fluctuations appear to be purely market-driven and lack company commentary on speculation.The company shared the trading details of its stock during the specific dates in question. The data highlights the opening, high, low, and closing prices for VJTF Eduservices Limited as follows:DateOpenHighLowClose06-07-202678.7078.7068.2070.0007-07-202670.2072.3170.2071.9508-07-202671.9571.9571.6071.60Regarding the market's reaction to its shares, VJTF Eduservices Ltd stated that the movement in the market price of the company's equity shares is...

Purple Finance Eyes Rural Boom: Plans Acquisition of Saksham Gram Credit with Rs 108 Crore Funding Backing Expanding Reach: Why This Acquisition Matters for Financial Growth Non-banking financial company (NBFC) Purple Finance has formally announced plans to acquire Saksham Gram Credit Private Ltd. This strategic move is set to propel Purple Finance into the crucial rural and semi-rural lending markets. The acquisition, which will be executed through a share swap mechanism, underscores the company's intent to significantly expand its operational footprint beyond traditional branch expansion.The board of directors at Purple Finance has given in-principle approval for this acquisition. This decision is subject to necessary due diligence...

Indian Govt Bonds Suffer as Global Tension Spikes Crude Prices Amid Middle East Instability Indian government bonds weakened in early trading on Wednesday, driven by escalating tensions in the Middle East and subsequent spikes in oil prices. While volatility increased, bargain hunting activities provided a limited cushion against significant losses in the domestic bond market. Benchmark Brent crude surged 1.3%, reaching a six-week peak of $92.2 in Asian trade, as fears over supply disruptions intensified.Geopolitical Risks Drive Oil Rally and Bond Stress The sharp rise in global oil prices is directly linked to ongoing geopolitical turmoil following U.S. forces striking Iranian military targets for the eleventh consecutive night. This...

Varroc Engineering Ltd Issues Rs 50 Crores in Commercial Paper; Details Provided Varroc Engineering Limited has issued and allotted Commercial Paper (CP) aggregating to Rs 50 crores. The financing instrument is linked to Kotak Mahindra Bank Limited, and the company confirmed key operational details regarding the CP issue on July 22, 2026.The commercial paper was issued for a tenure of 30 days. It carries an interest rate of 7.20% per annum. The principal amount will be paid upon maturity.The financing structure is as follows:FeatureDetailIssue SizeRs 50 CroresCoupon Rate7.20%Tenure30 daysDate of AllotmentJuly 22, 2026Date of MaturityAugust 21, 2026Security StatusUnsecuredIssuerKotak Mahindra Bank Limited...

United Breweries Schedules Q1 FY2026-27 Earnings Call for June Quarter Results United Breweries Ltd. has scheduled an investor and analyst conference call to discuss the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2026-27). The event is set for Wednesday, August 05, 2026, at 03.00 p.m. Indian Standard Time.The company issued a revised invitation regarding the earnings call, clarifying that the previously provided conference link had been erroneously linked to the Q4 FY2025-26 results rather than the current Q1 FY2026-27 results. The date and time of the scheduled earnings discussion remain unchanged.The Q&A session is expected to be hosted by Vivek Gupta, Managing Director & Chief Executive Officer...

Latent View Analytics Ltd Approves Reconstitution of Audit Committee Board Latent View Analytics Limited has completed the reconstitution of its Audit Committee of the Board. The changes, effective from July 22, 2026, establish the new composition for the committee responsible for corporate governance oversight.The Board of Directors approved the reorganization through a resolution passed on July 22, 2026. This move ensures the Audit Committee is structured to meet current governance requirements.The newly constituted Audit Committee comprises three members with specific roles and categorizations as detailed below:S. No.Name of MemberPositionCategory1.Dr. R. Raghuttama RaoChairpersonIndependent2.Ms. Sudha...

Smartworks Reports Q1 Results: Net Profit Rises as Group Revenue Exceeds 5,400 Million in Rs. Millions Smartworks Coworking Spaces Limited, formerly known as Smartworks Coworking Spaces Private Limited, announced its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors reviewed and approved both the standalone and consolidated financial results, which show strong revenue performance across its operations.The Group reported total income of 5,596.66 million in Rs., driven by a substantial increase in revenue from operations to 5,462.48 million. The consolidated results for the quarter include subsidiary entities such as Smartworks Tech Solutions Private Limited, Smartworks Office Services...

MegaCap Tech Face $1.65T AI Debt: Why Wall Street Equity Markets Are Still Buying the Boom The colossal scale of infrastructure spending required for artificial intelligence is now colliding with financial reality. A recent investigation by Nikkei Asia revealed that Big Tech giants—including Microsoft, Meta, Amazon, and Alphabet—may be carrying up to $1.65 trillion in off-balance-sheet AI commitments. Despite this massive uncounted liability, Wall Street’s enthusiasm for the hyperscaler sector remains largely unfazed as these companies enter a critical earnings season.While global brokerages continue to issue strong "buy" ratings on the major cloud providers, arguing that surging demand and successful monetization of AI will absorb...

BDH Industries Announces 36th Annual General Meeting and Proposed Dividend Details BDH Industries Ltd has announced the details for its 36th Annual General Meeting (AGM) and set the record date crucial for determining dividend entitlement for shareholders. The company confirmed that the AGM will be held via Video Conferencing or other Audio Visual Means.The AGM of BDH Industries is scheduled for Friday, August 14, 2026, at 3:00 p.m. Shareholders whose names appear in the Register of Members on the record date are eligible to receive the dividend, if it is sanctioned during the meeting.The company has fixed Friday, August 7, 2026, as the record date for the purpose of determining entitlement of the dividend. The Board of Directors...

Ashika Credit Capital Ltd Renames Company as Ashika Global Securities Limited Ashika Credit Capital Ltd has successfully changed its name, which has been approved by the Ministry of Corporate Affairs and reflected across stock exchanges. The company will now trade under its new identity as Ashika Global Securities Limited.The change was finalized effective from June 23, 2026. Following approvals received from both BSE and National Stock Exchange of India Limited (NSE), the equity shares of the company is set to be traded on both exchanges under its new name starting July 27, 2026.This transition involves a change in the company's symbol as well. The core details regarding the rebranding are as follows:FieldOld Name and SymbolNew...

Aye Finance Reports 144% Profit Surge in Q1 FY27 Driven by Lower Credit Costs and Operational Leverage Aye Finance Ltd, a leading technology-driven NBFC specializing in micro-enterprise lending, announced its unaudited financial results for the first quarter of fiscal year 2026-27. The company reported robust year-on-year growth across key performance indicators, highlighted by a significant surge in profit after tax (PAT).The Q1 FY27 results reflect tighter risk discipline and compounding benefits of scale, resulting in a substantial increase in profitability for the NBFC. Aye Finance Ltd maintained prudent financial management while expanding its lending operations across micro-scale MSMEs.Financial Performance Snapshot The...

Bharat Forge and Flying Whales Sign Strategic MoU to Manufacture Heavy-Lift Airships for India's Defence Needs Bharat Forge Limited, through its Aerospace Division, has entered into a Memorandum of Understanding (MoU) with FLYING WHALES, a French-Canadian pioneer in heavy-lift airship technology. The partnership is set to jointly develop, manufacture, and field advanced airships designed to meet the strategic and defence requirements of India.The MoU was formalized at the Farnborough International Airshow 2026 by Guru BISWAL, CEO Aerospace of Bharat Forge Limited, and Sébastien BOUGON, President of FLYING WHALES. This collaboration is a significant step towards establishing an indigenous airship ecosystem in India, aligning with the...

Sensex Bounces Back from Losses as Value Buying and Auto Stocks Drive Rebound Equity Markets Paring Losses Amid Sectoral Volatility Indian equity markets managed a partial recovery on July 22 after paring the losses experienced during intraday trading. The benchmark indices, Sensex and Nifty, saw movements driven by varied factors, including focused value buying and significant sector-specific activity.At 11:37 am, the Sensex stood at 76,909.17, recording a decline of 560.94 points or 0.72%. Concurrently, Nifty was trading at 24,040.30, registering a loss of 147.40 points or 0.61%.The market saw approximately 1,301 shares advance, while 2,290 shares declined, with 163 stocks remaining unchanged during the trading session.Pharma...

Vedanta Limited Receives Updated ESG Ratings from ESGRisk.aiVedanta Limited has received an update to its ESG ratings from ESGRisk.ai, a SEBI registered ESG Rating Provider. The company's updated overall rating stands at 57, maintaining an Adequate category status, following the provider’s independent evaluation.The ESG Risk Assessments and Insights Limited (ESGRisk.ai) reviewed Vedanta Limited across key environmental, social, and governance metrics, resulting in specific scores for each domain.According to the assessment details, the company's ratings breakdown are as follows:ESG CategoryScoreEnvironment47.04Social46.12Governance82.38The updates from ESGRisk.ai provide a bifurcation of scores across these three...

Epigral Limited Announces Board Meeting to Discuss First Quarter Financial Results Epigral Limited has scheduled its Board of Directors meeting to review and take on record the company’s Un-audited Financial Results for the first quarter of the financial year. The meeting is set to take place on Monday, July 27, 2026, at the Registered Office of the Company.The primary focus of the board meeting will be the consideration of the Un-audited Financial Results, which encompass both Standalone and Consolidated figures for the First Quarter ending June 30, 2026. Additionally, directors are expected to review and approve the Limited Review Report prepared by the Statutory Auditors regarding these financial results.In addition to discussing...

Anand Projects Ltd. to Hold Board Meeting for Q1 FY2026-27 Results Approval and Designated Trading Window Closure Anand Projects Ltd. has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the quarter ending June 30, 2026 (F.Y. 2026-27). The board meeting is set for Tuesday, July 28, 2026, and will address the company's performance along with any other business requiring approval by the Chairperson of the Board Meeting.In addition to reviewing these quarterly results, the company has announced specific restrictions regarding trading activity for its Designated Persons.The trading window for Securities of Anand Projects Ltd. is slated to remain closed for all Designated Persons...

Aye Finance Limited Announces Q1 2027 Unaudited Financial Results and Operational Metrics Aye Finance Limited today disclosed its unaudited financial results and key operational metrics for the quarter ended June 30, 2026. The Board of Directors considered and approved these results, along with the report from the Statutory Auditors, noting the company's performance across various financial indicators.The quarterly earnings summary shows a Total Income of 489.66 units, down from 515.08 in the previous audited quarter (March 31, 2026). The Company posted Profit before tax at 97.15 units and recorded an income tax expense of 22.65 units. This resulted in a profit for the period of 74.50 units. Total comprehensive income stood at 68.98...

Kospi Jumps Over 6% as AI Chipmakers Drive Massive Rebound in South Korean Stocks South Korean equities experienced a sharp rally on Wednesday, with the benchmark KOSPI surging over 6% in early trading. The broad-based recovery was spearheaded by heavyweight semiconductor stocks, signaling a renewed appetite among investors for artificial intelligence related shares after last week's decline.The KOSPI climbed 406.60 points, registering a gain of 6.03%, reaching 7,154.55 in early trading. Mirroring the tech rally, the technology focused Kosdaq index also advanced nearly 5%. The intensity of the market movements prompted the activation of the KOSPI's sidecar mechanism, resulting in a temporary five minute suspension of program trading...

Universal Cables Ltd Announces Board Meeting to Approve Q1 Financial Results for Quarter Ended June 30, 2026 Universal Cables Ltd has scheduled a board meeting to consider and approve its Unaudited Standalone and Consolidated Financial Results for the quarter ended on June 30, 2026.The company's next Board Meeting is set for Friday, August 7, 2026, where the financial results will be deliberated upon. The said Financial Results are planned to be submitted for a 'Limited Review' by the Statutory Auditors of the Company.In related operational announcements, Universal Cables Ltd confirmed that the 'Trading Window' for dealing in Securities or Equity Shares of the Company shall remain closed for Designated Persons and their immediate...