Markets

AAVAS Financiers Approves Up To ₹200 Crore Senior Secured Non-Convertible Debt Issue AAVAS Financiers Ltd has approved the issuance of up to 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) totaling up to ₹200 crore. The decision was taken by the Executive Committee of the Board of Directors during a meeting held on July 21, 2026.The debentures have a face value of ₹1 lakh each and are being issued through a private placement mechanism.AAVAS Financiers plans to list these NCDs on the Wholesale Debt Market (WDM) segment of BSE Limited. The financial instrument has a tenor of three years.Key details regarding the approved Non-Convertible Debentures include:ParameterDetailType...

IHCL Reports Q1 FY2027 Results: Consolidated Revenue Jumps 15% to INR 2,419 Crores; Portfolio Reaches 645 Hotels The Indian Hotels Company Limited (IHCL), a leading hospitality company in India, has announced its consolidated financial results for the first quarter of Fiscal Year 2027 ending June 30, 2026. The company reported strong growth in revenue and profitability despite macro headwinds.Consolidated revenue reached INR 2,419 crores, marking a 15% increase compared to the previous year. For the quarter, EBITDA stood at INR 753 crores, translating to an EBITDA margin of 31.1%, which is an expansion of 80 basis points. Management noted that this consistent performance is driven by IHCL’s diversified brands and businesses.Key...

PropShare Titania Issues Corrigendum on Corporate Governance Report for March 2026 Propshare Titania, second scheme of Property Share Investment Trust, has issued a corrigendum to its Compliance Report on Corporate Governance covering the quarter and year ended March 31, 2026. The correction addresses an inadvertent detail in Part A of the previous report regarding the relationship between the Chairperson and the Chief Executive Officer (CEO).The company confirmed that the response provided for the disclosure "Whether Chairperson is related to Managing Director or CEO" had been erroneously stated as "Not Applicable." The corrigendum clarifies that this statement was incorrect, confirming that the Chairperson in question also holds the...

Chambal Fertilizers Sets Record Date for Final Dividend Eligibility Chambal Fertilizers & Chemicals Limited has set Tuesday, August 11, 2026, as the record date for determining the eligibility of equity shareholders for a forthcoming dividend payment. The company confirmed that all details regarding the dividend and related corporate actions have been finalized in anticipation of its Annual General Meeting (AGM).The record date is specified for the purpose of distributing a final dividend, contingent on the declaration at the AGM. The meeting is scheduled to take place on Tuesday, September 1, 2026, at 10.30 A.M. Indian Standard Time.The company provided detailed financial parameters concerning this event in connection with its...

IndusInd Bank Grants 22,500 Stock Options Under Employee Scheme On July 21, 2026, IndusInd Bank Limited approved the grant of stock options to four eligible employees under its Employee Stock Option Scheme (ESOP). The decision was made by the Compensation and Nomination & Remuneration Committee.The committee sanctioned a total of 22,500 Stock Options, which are convertible into an equal number of equity shares of the Bank upon exercise. The grant price for these options was set at Rs. 1032.85 per share, based on the closing price of the bank's stock on the National Stock Exchange (NSE) on July 20, 2026.The terms and conditions governing the ESOP grant were defined as follows:Grant Price: Rs. 1032.85 per share Options Granted...

Ingersoll Rand (India) Limited Appoints New Chairman as Director Retires Ingersoll Rand (India) Limited announced significant changes to its Board of Directors, including the retirement of a long-serving Independent Director and the appointment of Mr. Sunil Khanduja as the new Chairman of the Board.Mr. Sekhar Natarajan is set to retire from his role as an Independent Director and Chairman of the Board, effective end of day on July 26, 2026. Mr. Natarajan was originally appointed as an Independent Director on July 27, 2016, and was reappointed for a second term. Having served on the Board for a continuous period of 10 years, he is retiring in accordance with the Companies Act, 2013.During his tenure, Mr. Sekhar Natarajan held several...

Berger Paints Reports on Business Responsibility and Sustainability for FY 2025-26 Berger Paints India Limited has released its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, highlighting performance across environmental stewardship, social commitments, and governance practices. The report details the company's operations, labor welfare measures, and efforts toward reducing environmental impact in line with sustainable manufacturing goals.The Paints giant operates from 15 plants and maintains 207 depots across the nation, serving diverse markets including Household, Industries, Government, and OEMs. With a paid-up capital of 116.60 Crore, Berger recorded a turnover of 10,420.10 Crore and...

Anant Raj Limited Approves Composite Scheme: Merging Subsidiary and Demerging Data Centre Business into Ashok Cloud Anant Raj Limited has approved a Composite Scheme of Arrangement involving itself, Anant Raj Cloud Private Limited (ARCPL), and Ashok Cloud Private Limited (ACPL). The scheme encompasses both the merger of ARCPL into ARL and the subsequent demerger of the Data Centre Business from ARL into ACPL. This move aims to consolidate the company's data centre business and allow for two distinct market-focused entities.The Composite Scheme dictates that Anant Raj Cloud Private Limited (ARCPL), which is a wholly owned subsidiary of Anant Raj Limited, will merge into Anant Raj Limited ("ARL"). Following this amalgamation, the Data...

Capri Loans Appoints Nayanthara as Brand Ambassador to Boost South India Presence Mumbai, July 21, 2026: Capri Global Capital Ltd. (CGCL), a leading diversified non-banking financial company operating under the brand name 'Capri Loans,' has announced acclaimed actor and entrepreneur Ms. Nayanthara as its new Brand Ambassador. The partnership is specifically designed to strengthen the NBFC’s expansion into the South Indian market.Nayanthara joins established associate, acclaimed actor Mr. Pankaj Tripathi, in this move. This collaboration reinforces Capri Loans' commitment to building a relatable connection with audiences across India and aligns with the company's vision of creating deeper resonance with diverse customer segments...

Sunteck Realty Approves Quarterly Results; Sets Fund Raising Limit at 2,250 Crores Sunteck Realty Limited announced that its Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2026. The Board meeting also approved an enabling resolution to raise funds across various modes up to an overall limit of Rs. 2,250 Crores.The company's financial performance was reviewed by independent auditors. In addition to reviewing operations, management provided details on key non-current assets and investments during the quarter.Financial Performance Review The consolidated results for the quarter ending June 30, 2026, reflected total income of Rs. 20,202.95 lakhs. The company...

Kridhan Infra Limited Announces Major Management Changes, Appoints New Directors and Key Personnel Kridhan Infra Limited announced several key changes in its management structure following a Board meeting held on July 21, 2026. The company appointed three new directors and the Company Secretary and Compliance Officer, while acknowledging the resignation of Mr. Gautam Suri as Managing Director.The board actions included the appointment of Mr. Badatala Sreenivasa Rao, Mr. Krishnaprasad Sunder Rao, and Mr. Mithlesh Jaiswal to various directorial roles. Concurrently, Ms. Ekta Rathod was appointed as the Company Secretary and Compliance Officer and Key Managerial Personnel.New Director Appointments The appointments of the new directors...

Sagility Limited Re-appoints PricewaterhouseCoopers Services LLP as Internal Auditor Sagility Limited has confirmed that its Board of Directors has approved the re-appointment of PricewaterhouseCoopers Services LLP to serve as the company's Internal Auditor. This decision follows the recommendation of the Audit Committee.The engagement with PricewaterhouseCoopers Services LLP is scheduled to begin on October 01, 2026, and will span a term concluding on March 31, 2028.PricewaterhouseCoopers Services LLP possesses extensive expertise in the consulting domain, particularly concerning Internal Audit and controls testing. The firm utilizes skilled professionals who have experience within the sector and integrates advanced tools and...

Mega Flex Plastics Limited Reappoints Mr. Mohan Lal Parakh as Whole Time Director Mega Flex Plastics Limited has confirmed the re-appointment of Mr. Mohan Lal Parakh as a Whole Time Director, following approval by its Board of Directors on July 21, 2026. The appointment is set for a term of five consecutive years.The decision follows recommendations from the Nomination and Remuneration Committee and the Audit Committee of the company. Mr. Parakh’s tenure will run from June 29, 2027, to June 28, 2032. The re-appointment is subject to the subsequent approval of shareholders at the Annual General Meeting.Mr. Parakh has affirmed that he is not debarred from holding office under the Companies Act, 2013, or any order issued by relevant...

Orkla India Receives Show Cause Notice Regarding GST, Faces Demand of Rs 8,40,82,951 Orkla India Limited has received a Show Cause Notice (SCN) from the Commercial Taxes Department concerning issues related to the TNGST and CGST Acts. The notice proposes a total demand amounting to Rs 8,40,82,951/- for the Financial Year 2023-24.The SCN, received by the company on July 20, 2026, was issued by the Office of the Assistant Commissioner (ST) in Chennai. The demand encompasses a tax liability of Rs 5,23,57,426/-, along with proposed interest amounting to Rs 2,64,39,783/- and a penalty of Rs 52,85,742/-.The allegations raised by the Commercial Taxes Department relate primarily to Input Tax Credit (ITC) matters, the reversal of common ITC...

SML Mahindra Reports Strong Growth in CV Sector; Focuses on ILCV Market Leadership and HCV Expansion SML Mahindra Limited reported a strong performance in its Truck and Bus division during the presentation delivered by the Chairman at the 42nd Annual General Meeting held on July 21, 2026. The company reaffirmed its strategy to grow into the top three players in India's ILCV Trucks & Buses market, while simultaneously strengthening its focus on High-Value Commercial Vehicles (HCV).The data presented highlighted robust growth across both cargo and passenger vehicle segments within the Mahindra’s Truck & Bus business. For the division, volume grew by 10%, with revenue showing a rise of 13%. The company recorded a Profit After Tax (PAT)...

Revolutionizing Trading Hours: London Stock Exchange Targets Nighttime and Round-the-Clock Markets The future of financial markets is poised for a radical shift as the London Stock Exchange (LSE) unveils plans for LSE 24, a dedicated night-time trading platform. This initiative represents a significant move toward breaking traditional market operating hours, potentially paving the way for full round-the-clock equity trading in the coming years.The new exchange will operate separately from the LSE's main market. Initially, LSE 24 will offer access to exchange-traded products (ETPs), specifically funds tracking UK or U.S. stock markets. CEO Julia Hoggett stated that while this is the initial focus, other securities such as equities...

Chip Stocks Power Rally as Wall Street Indexes Surge Ahead of Tech Earnings Frenzy Wall Street's major indices opened higher on Tuesday, buoyed by a robust performance from the semiconductor sector. As investors prepare for crucial tech earnings reports that will define the trajectory of the AI trade, technology-focused shares extended their recovery trend following previous selloffs.The Nasdaq Composite led the market rally, showing strong momentum. It climbed 264.5 points, or 1.04%, reaching 25,772.549 at the opening bell. This significant rise reflects sustained investor confidence in technology and innovation stocks.Semiconductor Strength Drives Market Gains The renewed focus on chip stocks provided a powerful lift to the...

Sagility Reports Strong Q1 FY27 Results; Revenue Grows 27.6% YoY as Adjusted EBITDA Reaches 24.0% Bengaluru, India | July 21, 2026 – Sagility Limited (NSE: SAGILITY, BSE: 544282), a global healthcare operations partner, announced its consolidated financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, with revenue from operations reaching INR 19,634.83 million, representing a 27.6% increase year-over-year (YoY).The company showcased significant operational and strategic achievements during the quarter, including expanding its client base and strengthening its capabilities through an acquisition in the healthcare quality sector.Financial Performance Highlights Sagility's...

Jainik Power Cables Approved Issuance of Convertible Warrants and Increase in Authorized Capital Jainik Power Cables Limited, formerly known as Jainik Power And Cables Limited, announced that its Board of Directors approved two significant corporate actions: a fund raising initiative through convertible warrants and an increase in the company's authorized capital. These decisions are subject to shareholder approval.The board meeting, held on July 21, 2026, considered and approved the proposal for issuing up to 3,00,000 Convertible Warrants. The warrants were set at a price of Rs. 151.50 per warrant. Upon conversion, these warrants carry the right to acquire one Equity Share of the company, which has a face value of Rs. 10, and carries...

Bombay Burmah Trading Corporation Completes Land Handover as Supreme Court Lease Rent Dispute Continues The Bombay Burmah Trading Corporation Limited (BBTC) has completed the handover of remaining plantation land and associated structures to the State Forest Department, marking a significant operational milestone in the long-running legal dispute regarding its tea estate in Singampatti, Tamil Nadu. The corporation recently filed an Interlocutory Application before the Supreme Court seeking to expunge specific lease rent observations from the court’s order dated May 29, 2026.The Corporation had operated a tea estate on the land under a 99-year lease agreement dating back to February 12, 1929. In December 2023, BBTC determined that...