Markets

Gangotri Textiles Ltd Announces Board Meeting to Approve Quarter End Financial Results Gangotri Textiles Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the quarter that ended on June 30, 2026. The company issued a notice convening the meeting which is set to take place next month.The board meeting is scheduled for Friday, July 24, 2026, at 10:00 a.m. The gathering will be held at the company's registered office and conducted via Video Conferencing.During the meeting, among other items on the agenda, directors will consider and approve the un-audited financial results of Gangotri Textiles Ltd for the quarter ending June 30, 2026. The Managing Director of the company is...

IPO Setback: K Raheja Corp Delays $700 Million Listing Amid Volatile Markets K Raheja Corp Pvt., one of India’s major real estate developers, has decided to postpone plans for a substantial initial public offering (IPO). This decision comes following consultations and feedback received from investment bankers, according to sources familiar with the matter. The Mumbai-based corporation, which had been exploring a potential $700 million listing back in January, chose to delay the sale by at least one year.Reasons Behind K Raheja Corp's IPO DelayThe postponement follows internal discussions regarding the optimal timing and valuation for the potential share offering. Sources informed that the company intends to revisit the IPO strategy...

BTC Holds Above $63,000 as Bitcoin Recovers Despite Major Institutional Selling Spree Bitcoin (BTC) demonstrated resilience in early trading after a sharp volatility spike triggered by Strategy’s sale of 3,588 BTC. The cryptocurrency briefly dipped toward $61,000 following the announcement but buyers quickly stepped in to support the price. At 10:13 IST, Bitcoin was trading at $63,143.10, showing a marginal decline of 0.05 percent over the past 24 hours, yet it remains significantly up 6.17 percent over one week.Bitcoin's Resilience Amid Institutional Selling Pressure The market volatility led to nearly $500 million in liquidations across leveraged positions within the last day, according to Akshat Siddhant, Lead quant analyst at...

Geopolitical Surge: Indonesia Vows Massive Security Boost as Delhi Deals Advanced Missiles and Strategic Ports Indonesia is making a significant pivot in its defense strategy, choosing to bolster its security reliance on New Delhi. Key agreements are reportedly set to be finalized during Prime Minister Modi's two-day visit to the nation. These deals encompass advanced military hardware, strategic port development, and crucial industrial investments.The focus of the potential breakthroughs includes securing India’s high-performance Astra air-to-air missiles. Sources indicate that Indonesia has chosen this path following the demonstrable success of India’s missile capabilities during Operation Sindoor. This move allows integrated...

Vedanta Stumbles: Three Key Group Stocks Plunge Amid Sharp Decline in Oil Gas and Raw Material Output Three recently-listed stocks within the Vedanta Group witnessed a continuous period of profit booking on July 7, declining by up to 5%. The share prices of several subsidiaries are currently facing headwinds following updates regarding their production levels across core sectors.On the day, Vedanta Oil and Gas declined 5.2% to Rs 36.91 apiece. Shares of Vedanta Iron and Steel and Vedanta Power also fell significantly, registering declines of 5% and 2.7%, respectively. Meanwhile, Vedanta Aluminium was trading lower, witnessing a 4% dip in the market.Vedanta Oil & Gas Production Declines Significantly Vedanta Oil and Gas reported...

Rajshree Polypack Secures Order Worth ₹ 2.07 Crore from Large Packaging Manufacturer Rajshree Polypack Limited has secured a new contract involving the supply of Plastic Rigid Sheets, marking a significant order fulfillment for the manufacturer of plastic rigid sheets and thermoformed packaging products.The transaction details indicate that the order is a repeat business opportunity originating from a domestic entity—a large packaging manufacturer listed on an Indian Stock Exchange, which is reportedly majorly owned by a Finnish-based packaging giant.Key details regarding the contract include:Nature of Transaction: Supply of Plastic Rigid Sheets. Customer Type: Domestic Entity (A large listed packaging manufacturer). Order Value...

Shantaben Sureshbhai Patel Sells Shares in RR MetalMakers India Ltd Shantaben Sureshbhai Patel has sold shares of RR MetalMakers India Ltd, representing a portion of his holding in the company, according to transaction details released concerning the target entity.The sale involved 12,455 shares carrying voting rights in RR MetalMakers India Ltd. This transaction accounted for 0.13 percent of the total share or voting capital of the company.The acquisition details provided illustrate the changes in the company’s shareholding structure following the sale by Shantaben Sureshbhai Patel. The company, RR MetalMakers India Ltd, had an equity share capital/total voting capital of 90,08,824 shares of Re. 10/- each before this transaction...

RITES Surges on $35 Million Global Loco Order as Infrastructure Demand Skyrockets RITES shares witnessed a significant rally in the market after securing a major international order for railway rolling stock. The company’s stock rose sharply following the acceptance of an offer from Volantis Asset Finance (Pty) in South Africa. This contract involves the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives.RITES Secures Multi-Million Dollar Locomotive Contract The international order for the locomotive supply is valued at $35.82 million, which translates to approximately Rs 300 crore. RITES will execute this contract over a period of 20 months. This substantial order highlights the company's growing capability...

Major Overhaul: SEBI Slams Down 15% Cap on Open Market Buybacks; Companies Must Meet Strict MPS Requirements The Securities and Exchange Board of India (SEBI) has released comprehensive amendments to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. These stringent new regulations are set to dramatically reshape corporate buyback activities across Indian markets, with the rules coming into effect from August 1, 2026.The amendments introduce several critical limitations designed to ensure market stability and enhance shareholder protection in the context of share repurchase initiatives. The changes affect every aspect of the buy-back process, from setting transaction limits to mandating strict...

EaseMyTrip Announces 'Monsoon Travel Sale' Offering Discounts Across Flights, Hotels, and Holiday Packages EasyTrip Planners Ltd has launched its 'Monsoon Travel Sale', a travel campaign set to run from July 7 to July 10, 2026. The initiative aims to encourage travelers by providing attractive offers across various travel categories during the monsoon season.The 'Monsoon Travel Sale' focuses on driving bookings for both domestic and international getaways. Customers can avail the special benefits by using the promo code 'MONSOON' when booking through the EaseMyTrip website or mobile application.Key Offers in the Monsoon Travel Sale The sale features significant discounts across flights, hotels, buses, cabs, and holiday packages. The...

Jewellery Sector Registers Stunning Resilience in Q1 FY27, Outperforming Despite Record Gold Prices The Indian jewellery market has demonstrated remarkable resilience during the first quarter of Fiscal Year 2027. Despite operating within an environment defined by soaring gold prices, the sector is shining brighter than anticipated. This robust performance indicates a strong underlying consumer buoyancy and sustained demand for high-value assets.The industry's ability to thrive amid extreme commodity costs highlights shifts in market dynamics. Traditional cost concerns appear to be secondary to fundamental consumption trends. This success story speaks directly to the enduring cultural significance of jewellery purchases in India...

RBI Sets 1-Day Rate at 5.26%: High Demand Ignites Vigorous Participation in VRR Auction The Reserve Bank of India (RBI) successfully concluded its Overnight Variable Rate Repo (VRR) auction for the 1-day tenor on July 07, 2026. The auction results indicate extremely high demand from financial institutions, as total bids received significantly surpassed the amount notified by the central bank.The auction serves as a critical barometer for short-term money market rates in India. A successful and highly contested VRR auction underlines the robust liquidity conditions within the banking system.VRR Auction Results Show Robust Market Participation On July 07, 2026, the RBI conducted the VRR auction targeting the one-day instrument. The...

Edelweiss Launches BSE Top 10 Bank ETF: Passive Strategy Aims to Capture Core Banking Sector Gains The financial sector witnessed a significant launch with the introduction of the Edelweiss BSE Top 10 Bank ETF. This new Exchange Traded Fund (ETF) is designed to track the performance of the BSE Top 10 Bank Total Return Index, providing investors a focused route into India's leading banking segment. The fund positions itself as a passively managed investment vehicle, adhering strictly to the index composition and ensuring parity with its benchmark.Understanding the Scheme Objective and Structure The Edelweiss BSE Top 10 Bank ETF is an open-ended exchange traded scheme. Its primary investment objective is to generate returns that are in...

Ministers Converge in Kochi as India Drives BRICS Vision for Gender Equality and Sustainable Resilience Ministerial leaders from BRICS member countries are set to gather in Kochi, Kerala, on 8-9 July 2026. This crucial gathering aims to strengthen international cooperation by advancing women's empowerment across the bloc. The meeting takes place under the stewardship of India’s BRICS Chairship 2026.The event represents a high-level commitment to fostering inclusive and sustainable development across all member nations. By bringing together ministerial delegates, the agenda focuses on practical strategies for acceleration toward gender equality within BRICS nations.Advancing Empowerment Under Four Core Pillars India's BRICS Chairship...

Leapfrog Engineering Services Ltd to Hold Board Meeting to Approve Financial Results Leapfrog Engineering Services Limited has scheduled a meeting of its Board of Directors. The meeting is set for Monday, July 13, 2026.The primary agenda item for the Board meeting is to consider and approve the Standalone Audited Financial Results of the Company. These results cover both the half year period and the full financial year ended March 31, 2026.In addition to reviewing the company’s audited financial performance for the specified periods, the Board will also transact any other matters that may be decided by the Directors during the meeting.Stock Price Movement As of 10:21 AM, shares of Leapfrog Engineering Services Ltd are dipping...

Sensex and Nifty Extend Four-Session Rally as FII Buying Drives Market Gains Benchmark equity indices Sensex and Nifty saw a continued upswing on Tuesday, maintaining their rally across four consecutive sessions. The market gained momentum as foreign institutional investors (FIIs) turned back into buyers for the second straight session, supporting the bullish trend in Indian equities.Morning Index Performance Update Trading activity showed healthy gains across key indices during the morning session. At 10:15 a.m., the Sensex stood at 78,497.02, registering a gain of 211.95 points or 0.27 percent. The broader Nifty index advanced to 24,494.50, reflecting gains of 64.15 points or 0.26 percent.Factors Fueling the Market Surge Foreign...

From ₹174 Crore Bet to ₹4,400 Crore Windfall: How Global Asset Manager Amundi Maximizes Return in SBI Funds Management IPO French asset management giant Amundi is poised to realize a massive financial gain as it prepares to sell a significant stake in SBI Funds Management. The sale represents a remarkable long-term strategic investment, growing exponentially over 15 years. This move underscores the rapid growth and increasing scale of India's mutual fund industry.The proposed Initial Public Offering (IPO) will allow Amundi India Holding to divest 75.37 million shares, constituting 3.7% of SBI Funds Management. Based on the reported valuation of approximately ₹1.17 lakh crore ($12.3 billion), this stake sale is projected to fetch...

Global Capital Markets Ltd Confirms No Non-Convertible Securities Issued for Quarter Ending June 30, 2026 Global Capital Markets Ltd has confirmed that it did not issue any Non-Convertible securities during the quarter ending June 30, 2026. Consequently, the obligation to make payments of interest or principal on NCDs (Non-Convertible Debentures) and Bonds was not applicable for the period.The company submitted a NIL report confirming this status, as no such obligations arose concerning Non-Convertible securities during the specified quarter. This confirmation relates to both the certificate regarding payment obligations and details of any unpaid interest or principal obligations at the end of the quarter.The details confirming the...

Meta Faces $1.4 Trillion Penalty Risk as Four States Target Addiction Claims Meta Platforms is facing mounting legal pressure globally, with a recent filing revealing that four U.S. states have sought extraordinary penalties totaling $1.4 trillion against the social media giant. The lawsuits center on accusations that Meta knowingly designed its Facebook and Instagram platforms to addict young users while misleading the public about their safety features.The staggering figure was put forward by Meta in response to the attorneys general's filings, calculating potential damages should the states prevail at trial. This potential penalty amount is noted as being close to Meta’s current market capitalization of approximately $1.5 trillion...

Belong Revolutionizes Global Access: NRIs Can Now Trade GIFT Nifty Derivatives 24/7 with Zero Tax Liability Belong, an investment platform dedicated to non-resident Indians (NRIs), has made a significant move into international financial derivatives. The company has successfully launched GIFT Nifty Futures trading through the NSE International Exchange (NSE IX). This offering allows NRIs and Overseas Citizens of India (OCIs) access to dollar-denominated Nifty 50 futures via GIFT City, marking a major advancement in cross-border investment accessibility.The introduction of this specialized product is designed to bridge the gap between global Indian communities and sophisticated financial markets. Investors can now trade for nearly 21...