Markets

SBI Funds Management Limited Designates Key Managerial Personnel for Event Materiality Determination SBI Funds Management Limited, a joint venture between SBI and AMUNDI, has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events or information and make appropriate disclosures in a timely manner. The designation is part of the company's policy concerning the determination of materiality.The authorization empowers the designated KMPs to assess corporate events against the defined standard of materiality before required public disclosure.The personnel authorized by the Board of Directors of SBI Funds Management Limited are detailed as follows:NameDesignationMr. Debasish MishraManaging Director and...

Alkem Laboratories Announces Board Meeting to Approve Unaudited Financial Results for Quarter Ending June 30, 2026 Alkem Laboratories Ltd has scheduled a meeting of its Board of Directors to review and approve the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026.The company announced that the Board meeting is slated to take place on Friday, August 14, 2026. The primary agenda item for the meeting includes considering and formally approving the unaudited financial performance of the organization for the specified period.ALKEM Stock Price Movement Alkem Laboratories Limited shares closed higher today, edging up 0.63% to settle at ₹5,689 after trading saw a volume of 27,882 shares during the...

RBI Greenlights Overhaul of NDI Rules: Simplifying Foreign Investment Landscape Ahead of New Budget Focus The Reserve Bank of India (RBI) has officially released the draft Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 for public comments. This release marks a significant step toward modernizing the regulatory framework governing foreign investment in India. The overhaul is directly responding to mandates set by the Union Budget 2026-27.The NDI Rules currently govern how non-debt instruments are handled by foreign investors. To create a more contemporary and user-friendly environment, the Central Government commissioned a committee to review these existing regulations. Based on that committee's advice, the RBI has...

Dushyant Bapna Sells Equity in Quantum Digital Vision Ltd Reducing Stake After Open Market Transaction DUSHYANT BAPNA has completed a sale of equity shares in QUANTUM DIGITAL VISION (INDIA) LIMITED, reducing his stake in the company. The transaction was conducted through the open market on July 17, 2026.The acquisition details show that Dushyant Bapna previously held 2,50,000 shares in QUANTUM DIGITAL VISION (INDIA) LIMITED. These holdings accounted for 8.24% of the total voting capital before the sale.During the open market transaction, 25,000 shares were sold by Dushyant Bapna. This disposal represented 0.82% of the total diluted share/voting capital of QUANTUM DIGITAL VISION (INDIA) LIMITED.Following the sales activity, his...

Industrial & Prudential Investment Company Ltd Announces 110th Annual General Meeting and Dividend Details for FY2025-26 Industrial & Prudential Investment Company Limited has scheduled its 110th Annual General Meeting (AGM) and released the Annual Report for the Financial Year 2025-26. The AGM is set to be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company provided the Annual Report and the notice of the AGM to shareholders registered with the Company/Depository Participant as of July 17, 2026. For those whose email addresses were not recorded, the Annual Report is accessible via the company's website: https://industrialprudential.com/pdf/Annual Report 2025-2026.pdf.Key details regarding the AGM and the...

IVG Trust Acquired Promoter Stake in Vadilal Industries Limited Through Multiple Entities IVG Trust has indirectly acquired equity shares of Vadilal Industries Limited (VIL) through the purchase of stakes held by promoter group entities, according to details released on July 18, 2026. The acquisition involved transactions executed against three associated companies: Vadilal International Private Limited (VIPL), Vadilal Finance Company Private Limited (VFCPL'), and Veronica Constructions Private Limited.The acquisitions were conducted as IVG Trust acquired specific shares from Mr. Virendrabhai Ramchandra Gandhi in these promoter group entities.Details of the acquisition across the involved companies are provided below:EntityStake...

Phoenix Overseas Appoints New Managing Director; Seals Partnership with L.B. Jha & Co. LLP as Statutory Auditor Phoenix Overseas Limited has made significant appointments following a recent Board meeting held on July 21, 2026. The company approved the appointment of Mr. Aparesh Nandi as its new Managing Director and appointed M/s. L.B. Jha & Co. LLP to serve as the Statutory Auditors for the financial year 2026-27.The Board meeting commenced at 02:00 Hrs and concluded by 03:00 Hrs, finalizing these key corporate changes.Aparesh Nandi Appointed Managing Director Mr. Aparesh Nandi has been appointed as the company's Managing Director for a term of five years, effective from July 21, 2026, until July 20, 2031. The appointment follows...

Strides Pharma Science Publishes BRSR 2025-26 Highlighting Global Reach and Commitment to ESG Strides Pharma Science Limited has released its Business Responsibility & Sustainability Report (BRSR) for the Financial Year (FY) 2025-26. The report outlines the company’s extensive global operations, operational efficiency metrics across environmental parameters, and commitment to ethical governance as a leading pharmaceutical manufacturer.The listed entity maintains significant international presence, serving markets in 106 countries. Its business activities focus entirely on chemical and chemical products manufacturing, generating 100% of its turnover through this primary activity. Strides reports that exports constitute 90.66% of the...

Glenmark Pharmaceuticals Schedules Q1 FY2027 Earnings Call for Unaudited Results Glenmark Pharmaceuticals Ltd has scheduled an Earnings Call regarding the company's Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY2027). The call is set to take place on Monday, August 03, 2026.The event details allow stakeholders to access information concerning the first quarter of the financial year 2027.Key Details of the Earnings Call The earnings call will be held virtually as specified below:MetricDetailCompanyGlenmark Pharmaceuticals LtdPeriod CoveredQuarter ended June 30, 2026 (Q1 FY2027)Date of EventAugust 03, 2026Time8:30 am - 9:30 am ISTGlenmark Pharmaceuticals provided multiple international and...

Thangamayil Jewellery Ltd to Hold Board Meeting to Approve Un-audited Financial Results for June Quarter Thangamayil Jewellery Limited has scheduled its Board of Directors meeting to review and approve the un-audited financial results for the quarter ending June 30, 2026.The meeting is set to take place on Wednesday, July 29, 2026. The purpose of the meeting is to officially take on record the company's performance and financial outcomes for the specified quarter.THANGAMAYL Stock Price Movement Today, Thangamayil Jewellery Limited edged higher following the market close, settling at approximately ₹6458.50 after a gain of 1.17%. The stock saw robust trading activity during the session, with 117,804 shares traded as the equity ranged...

Huhtamaki India Reports Strong Q2 and H1 2026 Results, Driven by Sales Growth and EBIT Improvement Huhtamaki India Limited has announced its unaudited financial results for the second quarter (Q2) and the first half (H1) of fiscal year 2026, showing robust performance across sales and profitability metrics. The company reported a significant increase in EBIT during both periods, attributing the success to volume leverage, operational efficiency, and improved product mix.The Board of Directors approved the unaudited financial results, along with a Limited Review Report from the Auditors, following a meeting held on July 21, 2026.Key Financial Highlights (Rs in Millions) Huhtamaki India reported substantial growth in sales and...

Velox Shipping Acquires 98% Stake in International Logistics Associates to Expand Global Reach Velox Shipping and Logistics Ltd, formerly known as Velox Industries Limited, has completed the acquisition of a significant stake in International Logistics Associates LLC (ILA). The move aims to facilitate the expansion and establishment of the company's operations within international markets.The transaction was finalized on July 20, 2026, with the company discharging its entire consideration for the acquisition. Velox Shipping and Logistics now controls 98% of the equity value of ILA. The purchase involved a cash transaction, amounting to USD 4,47,860 for the 98% shareholding in the target entity.The acquired company, International...

Steel Exchange India Ltd Reports Stellar Q1 FY27 Performance; Net Profit Jumps 46.89% as Deleveraging Strengthens Balance Sheet Steel Exchange India Limited (SEIL), a major integrated steel manufacturer in South India, announced the standalone and consolidated un-audited financial results for the first quarter of fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported an incredibly strong performance trajectory, highlighted by significant growth in net profit and a successful capital optimization strategy that enhanced its balance sheet strength.SEIL recorded Total Income of ₹ 27,070.92 Lakhs during the quarter. By implementing rigid cost controls and benefiting from deep backward integration at its Vizianagaram...

Export Push Accelerates: Government Expands Global FTAs, Launches ₹25K Crore Mission to Diversify Trade The government has rolled out a multi-pronged strategy aimed at strengthening India's export markets and diversifying its global trade footprint. These initiatives encompass the expansion of Free Trade Agreements (FTAs), major regulatory reforms, and dedicated promotion activities across various sectors. The comprehensive measures are designed to enhance market access and address non-tariff barriers in evolving geopolitical landscapes.The policy focus is on facilitating bilateral growth through mutually beneficial trade. FTAs signed by India provide preferential market access for labor intensive products such as textiles, apparel...

India Manufacturing Breakthrough: PLI Schemes Mobilize Over ₹2.4 Lakh Crore Investment, Fueling Global Exports and Job Surge As of March 31, 2026, the Production Linked Incentive (PLI) Schemes stand as a monumental pillar supporting India's manufacturing ambitions. These schemes, rolled out across 14 key sectors with an approved outlay of ₹1.91 lakh crore, have generated staggering outcomes in industry growth and employment. The direct and indirect employment generation has exceeded 14.15 lakh jobs, while total realized investment under the PLI Schemes surpassed ₹2.40 lakh crore.The Department for Promotion of Industry and Internal Trade (DPIIT) serves as the nodal agency, coordinating the schemes alongside relevant Administrative...

IndiaMART Intermesh Approves Financial Results and Incorporation of Wholly Owned Subsidiary IndiaMART Intermesh Limited announced the approval of its Audited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The company also greenlit the incorporation of a new Wholly Owned Subsidiary, designed to assist users with short-term financial requirements.The board meeting, held on July 21, 2026, reviewed the results and ratified the proposal for the subsidiary.Quarterly Financial Performance The Audited Consolidated Financial Results for the quarter ended June 30, 2026, showed total income of 5,211 million INR, while Net Profit for the period stood at 1,722 million INR.In the standalone segment, Revenue...

Pankaj Polymers Ltd Board Meeting Scheduled to Approve Preferential Issue of Equity Shares and Warrants Pankaj Polymers Limited has scheduled a meeting of its Board of Directors on July 24, 2026. The meeting is set to consider and approve a proposal concerning the Issuance of Equity Shares and Fully Convertible Warrants on a Preferential Basis.The Board review will encompass this capital raising initiative as part of the decisions designated for the meeting. Additionally, the company has maintained that the Trading Window for dealing in its securities remains closed for designated persons and their immediate relatives, adhering to the Company's Code of Conduct for Prevention of Insider Trading.Stock Price Movement As of 15:29...

Hindustan Hardy Ltd Board Meeting Scheduled to Approve Unaudited Financial Results for Quarter Ending June 30, 2026 Hindustan Hardy Ltd, formerly known as Hindustan Hardy Spicer Limited, has scheduled a meeting of its Board of Directors. The purpose of the meeting is to consider and approve the Unaudited Financial Results for the Quarter ended June 30, 2026.The Board Meeting is slated for Wednesday, August 05, 2026.In addition to the board proceedings, the company has set a specific trading window period as per its internal procedures regarding insider trading. The Trading Window for dealing in the company's securities will be closed starting July 1, 2026. This closure is scheduled until the end of business hours on Friday, August...

Coforge Recognized as 'Exceptional Performer' in UK & Ireland IT Sourcing Study by Whitelane Research Coforge Limited has been designated an 'Exceptional Performer' in Application Services and Cloud & Infrastructure Services in the 2026 UK & Ireland IT Sourcing Study, conducted by Whitelane Research. The recognition marks the fourth consecutive year that the company has been acknowledged in the study for its performance within the industry.The comprehensive study involved feedback from nearly 400 participants across more than 1,000 IT sourcing relationships and evaluates 37 service providers operating in the region. Coforge was recognized as an Exceptional Performer across Application Services, Cloud & Infrastructure Services, and...

Capital NxT LLP Reaches 5% Stake in Shares of 3i Infotech LimitedThe aggregate shareholding of Capital NxT LLP, along with associated Persons Acting in Concert (PACs), has reached a material threshold in the shares of 3i Infotech Limited. This acquisition details the increase in stake held by the acquirer group in the target company.Capital NxT LLP, which acts as the primary Acquirer, holds the shares alongside several PAC members: Lakshmi Kaushik, Aishwarya Arvind, Mythili Srinivasan, and Venkatraman Srinivasan. The ownership structure shows that the acquiring entity does not belong to the Promoter or Promoter group of 3i Infotech Limited.The acquisition was executed through Open Market purchases.Details regarding the...