Markets

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...

CareEdge Ratings Withdraws Credit Ratings for Primo Chemicals' Bank Facilities Primo Chemicals Limited has announced that CareEdge Ratings Limited has withdrawn all outstanding credit ratings previously assigned to the company's bank facilities. The decision by the rating agency was made in adherence to the CARE Rating's internal withdrawal policy, as communicated in a letter dated 21.07.2026.The action taken by CareEdge Ratings followed a request initiated by Primo Chemicals Limited. The withdrawal process occurred after the company successfully secured the necessary No Objection Certificates (NOCs) from the banks whose facilities were originally rated by CareEdge Ratings Limited.This rating status pertains specifically to the bank...

Godrej Industries Limited Announces 38th Annual General Meeting and Releases FY2025-26 Annual Report Godrej Industries Limited has announced the details of its upcoming 38th Annual General Meeting (AGM) and provided access to the Annual Report for Financial Year 2025-2026. The company issued communication regarding the AGM schedule and ensured that shareholders who have not registered their contact details can access the necessary documents.The 38th AGM of Godrej Industries Limited is scheduled to be held on Thursday, August 13, 2026. The meeting will take place at 3:00 p.m. (IST) and will be conducted through a Video Conference facility or other Audio-Visual Means (VC/OAVM).The Notice convening the AGM, along with the Annual Report...

Emkay Global Financial Services’ Promoter Receives Trading Approval for Warrants-Converted Shares Stock exchanges National Stock Exchange of India Limited (NSE) and BSE Limited granted trading approval for 100,000 equity shares allotted to Mr. Prakash Kacholia, a promoter of the company. These shares were received by Emkay Global Financial Services Ltd upon the conversion of warrants that had been issued on a preferential basis.The successful clearance from both exchanges means the allotment is ready for market trading. The stock exchanges confirmed that the equity shares are admitted to dealings effective from July 22, 2026.The allotted securities pertain to an issue where the face value was Rs. 10/- per share, and they were issued...

E2E Networks Surges 5% on Record Q1 Profit; AI Hyperscaler Swings to Black After Massive Revenue Spike Shares of AI-focused cloud hyperscaler E2E Networks surged 5% to hit the upper circuit at Rs 469 on Wednesday, signaling a major turnaround for the company. This powerful rally followed the announcement of a net profit in Q1FY27, after the firm reported a significant net loss in the corresponding quarter last year.The results underscore E2E’s rapid expansion and operational efficiency gains within the burgeoning AI infrastructure sector. The stock's performance is part of an impressive run; E2E Networks shares have seen a 125% rise in the past six months, while the one-year gain stands at 88%.Financial Turnaround Highlights Massive...

Oracle Financial Services Software Ltd Allots 3,371 Equity Shares to Employees via ESOP Plan Oracle Financial Services Software Ltd has announced the allotment of equity shares following the exercise of stock options under its OFSS Stock Plan 2014. The decision was made by the company’s ESOP Allotment Committee of the Board of Directors on July 22, 2026.The company approved the allotment of 3,371 equity shares to eligible employees who exercised their stock options. Each share has a face value of Rs. 5/-. As part of this allotment, Oracle Financial Services Software Ltd confirmed that no shares were allotted to the Directors of the Company. The newly issued shares rank pari passu with all existing equity shares.The ESOP allotment...

DSM Fresh Foods Reports Robust Q1 FY27; Revenue Jumps 58% YoY, Proforma Revenue Reaches ₹85 Crore Mumbai: DSM Fresh Foods Limited, an integrated omnichannel fresh protein company, announced its provisional and unaudited business performance update for the quarter ended June 30, 2026. The company recorded a significant start to FY27, with Revenue from Operations growing by 58% year-on-year (YoY) to approximately ₹74 crore.The results reflect successful operational expansion and strategic acquisitions. Following the completion of the Meevaa Foods acquisition in the first week of July 2026, the combined consumer business is operating at an approximate pro-forma quarterly revenue run rate of ₹85 crore, reflecting enhanced scale.Retail...

Bansal Roofing Products Ltd. to Hold Board Meeting to Discuss Q1 Results and Dividend Recommendation Bansal Roofing Products Limited announced that its Board of Directors will convene a meeting on Monday, August 10, 2026. The meeting is scheduled to be conducted via video conference and includes critical agenda items related to the company's recent performance and future financial decisions.The primary focus of the board meeting will be reviewing the Unaudited Standalone Financial Results for the Quarter ending June 30, 2026. Attendees are also required to consider and approve the Limited Review Report issued by the Auditor regarding these results.A second key item on the agenda is the consideration of a recommendation for a final...

Tata Power to Consider Issuance of NCDs and Debt Securities via Private Placement The Board of Directors of The Tata Power Company Limited is scheduled to consider the issuance of Non-Convertible Debentures (NCDs), Bonds, and other Debt Securities on a private placement basis.This decision will be taken during a Board meeting scheduled for Monday, July 27, 2026. The proposed action relates to the company's plan to raise capital through debt instruments in the private market.TATAPOWER Stock Price Movement As of 11:24 AM, shares of Tata Power Company Limited are shedding value in live trading, currently priced at ₹379.45 after slipping 0.52%. The stock has seen heavy activity today, with over 954,661 shares traded so far.

Meesho Allots 271,303 Equity Shares Against Employee Stock Option Exercise Meesho Ltd has approved the allotment of equity shares to eligible employees following the exercise of options under its Employee Stock Option Plan, 2024 (ESO P 2024 Plan). The allotment was sanctioned by the Nomination and Remuneration Committee of the Board of Directors on July 22, 2026.The company allocated a total of 271,303 equity shares, each with a face value of Re. 1/- to employees who exercised vested options under the ESO P 2024 Plan. The newly allotted equity shares are stated to rank pari-passu with all existing equity shares of Meesho Ltd in every respect.This allotment results in an increase in the issued, subscribed, and paid-up equity share...

Galaxy Surfactants Ltd Grants Stock Options Under Performance Stock Option Plan 2025 Galaxy Surfactants Limited has approved the grant of stock options to eligible employees under the GALAXY SURFACTANTS LIMITED - PERFORMANCE STOCK OPTION PLAN 2025 (PSOP 2025). The decision was made by the Nomination and Remuneration Committee of the company.The plan introduces a performance-based incentive structure for employees, subject to specific vesting conditions outlined in the PSOP 2025 Scheme and grant letters.According to the details provided regarding the options granted:ParticularsDetailsOptions Granted8400 optionsShare Face ValueRs. 10/- eachExercise PriceRs. 10/- per optionVesting ScheduleAfter the Annual General...

Indo-MIM IPO set for Surge as Grey Market Premium Hits 40% Ahead of Massive Listing Day Indo-MIM, a renowned precision engineering manufacturer based in Bengaluru, is poised to launch its Rs 3,811.21-crore Initial Public Offering (IPO) tomorrow, July 23. The company's shares are currently commanding significant market anticipation, with the grey market premium (GMP) standing at a strong 40 percent ahead of the issue opening.The preliminary buzz surrounding the IPO is exceptionally high. As reported by Investorgain data as of July 22 morning, the GMP for Indo-MIM shares was pegged at Rs 194 per share. This level translates to a 40 percent premium over the upper end of the fixed price band. Another valuation suggests an estimated...