Markets

Chip Stocks Surge: U.S. Indexes Rally Despite Tariffs, As Investors Pivot to Major Tech Earnings Ahead of AI Battle Wall Street indexes concluded higher on Tuesday, fueled by a sharp rebound in semiconductor stocks. This rally provided strong support for the major U.S. stock indices as investors increasingly shifted focus toward crucial technology earnings reports concerning the future of the Artificial Intelligence (AI) trade. The turnaround in chip shares offered relief to the market, allowing investors to look beyond Middle East tensions and ongoing tariff disputes.Semiconductor Recovery Drives Broad Market Gains The Philadelphia SE Semiconductor Index saw a significant rally, marking its second consecutive advance. This surge came...

FIIs Surge Back as Net Buyers After Consecutive Sell-offs; Sensex, Nifty Trade in Tight Range Foreign Institutional Investors (FIIs) decisively returned as net buyers on July 21, injecting significant capital into Indian equities. The sector witnessed a marked shift from prior selling streaks, while Domestic Institutional Investors (DIIs) turned sellers for the day, marking a period of instability across institutional flows.The market traded within a narrow range for the second consecutive session, reflecting an ongoing lack of directional conviction regarding major index movements. Nifty closed at 24,188, and Sensex ended at 77,470.Foreign and Domestic Investor Trends Reversal FIIs managed a net inflow of Rs 1,650.16 crore on...

Adani Energy Solutions Surges 124% as Markets Digest Mixed Banking Results and Major Corporate Announcements Market Holds Above Crucial Support Amid Earnings Buzz The Indian markets witnessed a volatile session on Tuesday, eventually ending marginally higher. Investors navigated a mixed global backdrop while processing encouraging financial results from several major companies across different sectors. The Nifty index continues to consolidate within its prevailing range, maintaining a firm stand above the critical 24,000 support zone. Analysts suggest this range-bound trend is likely to persist given the varied performance seen in key heavyweight sectors like banking and IT services.Banking Sector Performance Highlights and Future...

FIIs Stage Strong Rebound as Geopolitical Calm Ignites Market; Consumer Services Lead Sectoral Inflows Foreign portfolio investors (FPIs) registered a robust net buying performance across sectors in the first half of July, marking a strong comeback for overseas capital. NSDL data indicates that this inflow marks a second consecutive fortnight of sustained purchases and represents the strongest such purchase since early February.The trend is fueled partly by eased geopolitical concerns following the Middle East ceasefire, which contributed to a decline in energy prices. Pankaj Pandey, head of fundamental research at ICICI Direct, noted that foreign investors have turned buyers directly after these calming market developments.Consumer...

Chipmakers Drive Global Tech Rally as Asia Stocks Climb Amid Rising Oil and US-Iran Tension Stocks across Asia continued their upward trend for a second consecutive day, driven by the resilience shown in chip manufacturers central to the artificial intelligence boom. This rally provided crucial support despite rising oil prices stemming from renewed escalation concerns surrounding the US-Iran conflict.The MSCI Asia Pacific Index advanced 0.8%, marking its strongest one-day gain in a month. The Kospi Index, recognized as a bellwether for AI investments, saw a jump exceeding 5%. These regional gains followed a stellar performance by the Nasdaq 100, which reported its best session in three weeks after a key semiconductor gauge surged...

Ganga Forging Limited Finalizes Rights Issue Allotment; Paid-up Equity Capital Increases Ganga Forging Limited (GFL) announced the successful completion of the allotment for its rights issue shares, marking a significant increase in the company’s paid-up equity capital. The board of directors approved the allotment on July 21, 2026, based on applications received under the pre-approved Rights Issue structure.The Company allotted 20,22,03,345 fully paid-up Equity Shares to eligible shareholders at an issue price of Rs 1.63 per Rights Equity Share. The allotment was executed against a total reception of valid applications for 24,20,39,870 equity shares.The rights issue offered up to 20,22,03,345 shares at an issue price of Rs 1.63 per...

Adani Energy Solutions Reports Robust Q1FY27: Operational Revenue Jumps 54%, PAT Increases by 130% YoY Adani Energy Solutions Limited (AESL) reported strong financial performance for the first quarter of the financial year 2027 (Q1FY27), with operational revenue rising 54%. The company registered a record high in EBITDA and a significant rise in profit after tax (PAT).Consolidated financial results showed AESL achieving an operational revenue of Rs 7,116 crore in Q1FY27, compared to Rs 4,618 crore in Q1FY26. Total Operating EBITDA reached Rs 3,178 crore for the quarter, marking a sharp year-on-year increase of 58%. The company also reported PAT of Rs 1,237 crore, representing a 130% YoY growth driven by double-digit EBITDA expansion...

Gabriel India Expands Mobility Portfolio with Strategic Acquisitions in Steering Systems and ADAS Gabriel India Limited is undertaking significant inorganic growth initiatives to transition into an integrated mobility technology enterprise. The company has announced two major strategic moves: the acquisition of a stake in HL Mando Anand, a leading manufacturer of steering systems, and a joint venture (JV) with HL Klemove India, focusing on Advanced Driver Assistance Systems (ADAS) and automotive electronics.These expansions are designed to consolidate Gabriel's position across the entire automotive value chain, enabling it to serve as the primary mobility solutions platform for the Anand Group. Mrs. Anjali Singh, Executive...

Anupam Rasayan India Limited and PAC launch Open Offer for Bliss GVS Pharma Limited Shares at ₹299 per Equity Share Anupam Rasayan India Limited (ARIL), along with its wholly owned subsidiary Mates Visa Consultancy Private Limited (PAC), has launched a mandatory open offer to acquire shares of Bliss GVS Pharma Limited (BGP). The open offer seeks to acquire up to 2,77,26,848 Equity Shares representing 26.00% of the Expanded Voting Share Capital of BGP.The acquisition is being carried out through ARIL and PAC. The maximum consideration for the entire Offer Size stands at ₹ 829,03,27,552.00 (Indian Rupees Eight Hundred Twenty-Nine Crore Three Lakh Twenty-Seven Thousand Five Hundred Fifty-Two only).Open Offer Details The offer price set...

Delhivery Limited Receives GST Order from West Bengal Authority, Confirms Tax and Penalty Demands Delhivery Limited has received an appellate order from the Office of the Joint Commissioner State Tax - West Bengal regarding tax demands pertaining to the financial year 2019-20.The order was dated July 21, 2026, related to Section 73 of the CGST/ West Bengal GST Act, 2017. The demand has been raised consequent to the disallowance of input tax credit against Delhivery Limited.The findings of the Appellate Order confirm specific financial liabilities related to this matter. These include a significant tax demand, an interest demand, and a penalty amount.Financial breakdown of the GST order is as follows:Demand TypeAmount (₹)Tax...

Crisil Limited Announces Q1 and H1 Financial Results, Declares Interim Dividend; Updates Board Composition Crisil Limited announced the Unaudited Standalone and Consolidated Financial Results for the first quarter and half year ended June 30, 2026. The company’s Board of Directors approved these results alongside declaring a second interim dividend for its shareholders. Additionally, the board reviewed significant changes to its composition, noting a resignation and a new appointment.The Board meeting, held on July 21, 2026, confirmed the approval of the financial outcomes for the company. A key decision was the payment of the second interim dividend amounting to Rs. 10/- per equity share, referencing the face value of Re 1 each. This...

Shivalic Power Control Appoints New CFO, Recommends M/s TASH & Associates as Statutory Auditor Shivalic Power Control Limited has announced key management changes following its Board meeting held on July 21, 2026. The company approved the promotion of Mr. Rohit Kapoor to Chief Financial Officer (CFO) and recommended M/s TASH & Associates, Chartered Accountants, for the role of statutory auditor.The Board decision regarding the CFO appointment reflects a move in corporate structure within Shivalic Power Control Limited. Mr. Rohit Kapoor was appointed as the new Chief Financial Officer, effective July 21, 2026. This elevation followed his service as the Company Secretary & Compliance Officer. In adherence to provisions of the Companies...

NCLT Sanctions Amalgamation of Vintage Coffee and Beverages Ltd., Consolidating Operations of Two Wholly-Owned Subsidiaries The merger process involving Vintage Coffee and Beverages Limited has received final sanction from the National Company Law Tribunal (NCLT), Hyderabad. The Tribunal confirmed the Scheme of Amalgamation, allowing the consolidation of businesses from two wholly-owned subsidiary companies into the main Transferee Company.The amalgamation was sanctioned by the Hon'ble NCLT on July 21, 2026, in connection with CP (CAA) No. 07/230/HDB/2026. The scheme involves Vintage Coffee and Beverages Limited (the Transferee Company) taking over its two subsidiaries: M/s Vintage Coffee Private Limited (Transferor Company-1) and M/s...

InfoBeans Technologies Reports Q1 Results; Approves Capital Increase Following Board Meeting InfoBeans Technologies Limited, formerly known as InfoBeans Systems India Private Limited, announced its unaudited standalone and consolidated financial results for the first quarter ended on June 30, 2026. The results were approved by the company’s Board of Directors during a meeting held on July 21, 2026.The board also reviewed and approved consequential amendments related to the Scheme of Amalgamation involving InfoBeans Technologies Limited (Transferee Company) and InfoBeans Cloudtech Limited (Transferor Company). These amendments are required due to an increase in the Authorized Share Capital of the company, which was previously approved...

Servotech Renewable Power System Delivers Strong Q1 FY27 Results; Standalone Revenue Grows 66% and EBITDA Surges 63% Servotech Renewable Power System Ltd., a manufacturer of solar solutions, BESS (Battery Energy Storage Systems), and EV chargers in India, has announced its un-audited financial results for the first quarter (Q1) ended June 30, 2026. The results reflect strong growth across various metrics both in the standalone and consolidated segments.The company's Q1 FY27 performance demonstrates significant improvements in revenue generation and profitability compared to the previous year.Financial Performance Highlights The Q1 FY27 financial data showed robust growth across all key operational indicators, as detailed below...

Crisil Limited Amalgamates Two Subsidiaries to Consolidate Global Entity Structure Crisil Limited has approved the amalgamation of two wholly owned step-down subsidiaries, Crisil Canada Inc. and Crisil PriceMetrix Inc., forming a single unified entity under the name 'Crisil PriceMetrix Inc.' This strategic move is intended to consolidate the company's global entity structure.The merger involves both specialized subsidiaries, which will cease to exist as separate entities upon completion of the amalgamation. The transaction remains subject to necessary statutory and regulatory approvals under the Ontario Business Corporation Act (OBCA).As part of the transition, the share capital of Crisil Canada Inc., amounting to $38 million, will...

Rex Pipes And Cables Announces 24th Annual General Meeting and E-Voting ScheduleRex Pipes And Cables Industries Limited has set the date for its 24th Annual General Meeting (AGM) shareholders, providing key details regarding the meeting schedule and remote e-voting procedures.The AGM of Rex Pipes And Cables is scheduled to be held on Tuesday, September 15, 2026, at the Company's registered office.Details concerning the voting process for the event were also released. The cut-off date designated for remote e-voting is Friday, September 4, 2026.The period during which remote e-voting will be conducted runs from Saturday, September 12, 2026, starting at 10:00 A.M. (IST) until Monday, September 14, 2026, concluding at 5:00 P.M...

Crisil Reports Strong Growth in Q2FY26; Consolidated Income Rises 27.6% for Quarter Crisil Limited announced unaudited financial results for the second quarter and half year ended June 30, 2026, highlighting robust growth across its operations. The company reported significant increases in income from operations and profit before tax (PBT) during the period, leading the Board of Directors to approve the results and declare an interim dividend.The performance reflects continued momentum and disciplined execution despite a volatile macroeconomic environment, stated Amish Mehta, Managing Director & CEO of Crisil Limited.Key Financial Highlights For the quarter ended June 30, 2026 (Q2FY26), Crisil's consolidated income from operations...

GPCB Directs Closure of Indo Amines Manufacturing Plant Due to Non-Compliance Indo Amines Limited has received a closure direction from the Gujarat Pollution Control Board (GPCB) concerning its manufacturing operations at a plant located in Vadodara, Gujarat. The directive mandates the temporary cessation of activities due to observed non-compliances relating to environmental laws.The GPCB issued the Closure Directions under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974, and Section 31A of the Air (Prevention and Control of Pollution) Act, 1981. These directives mandate the closure of operations at the company's plant situated at Plot No. 1723, 1724, and 1746 in Village Tundav, Tal. Salvi, Dist. Vadodara -...

India Ratings Upgrades JSW Renewable Energy Credit Rating to IND AA-/Stable JSW Energy Limited has announced that its subsidiary, JSW Renewable Energy (Vijayanagar) Limited, has received an upgrade in its credit rating from India Ratings and Research (Ind-Ra). The upgraded rating pertains specifically to the bank loan facilities of the renewable energy firm.India Ratings and Research, in a release dated July 21, 2026, revised the creditworthiness of JSW Renewable Energy (Vijayanagar) Limited. The rating enhancement signals improved financial standing for the company's lending facilities.The details of the credit rating upgrade for the subsidiary are summarized below:IndicatorPrevious RatingUpgraded RatingEntityJSW Renewable...