Markets

Citius TransNet Investment Trust Confirms Resignation of Compliance Officer Pravin Karambelkar Citius TransNet Investment Trust has confirmed the acceptance of resignation for Mr. Pravin Karambelkar, who served as a Compliance Officer for the trust and held the position of Company Secretary for EAAA TransInfra Managers Limited.The company stated that Mr. Karambelkar submitted his notice of resignation seeking new career opportunities outside the organization. The prior intimation regarding this matter had been provided on June 26, 2026.Citius TransNet Investment Trust confirmed that his resignation has been accepted. Mr. Pravin Karambelkar will be officially relieved from his duties with effect from the close of business hours on...

Virtual Galaxy Infotech Secures Cyber Security Operations Centre Contract from BDCC Bank Virtual Galaxy Infotech Limited, a technology solutions provider for the Banking and Financial Services & Insurance (BFSI) sector, has secured an order from The Buldana District Central Co-operative Bank Ltd. (BDCC Bank). The contract involves the deployment and managed operations of Virtual Galaxy’s Cyber Security Operations Centre (C-SOC) Platform-as-a-Service (SaaS).The comprehensive engagement covers several advanced security domains, including Security Information and Event Management (SIEM), Security Orchestration, Automation and Response (SOAR), User and Entity Behaviour Analytics (UEBA), Threat Intelligence, IT Service Management (ITSM)...

CreditAccess Grameen Ltd Set to Consider Plans for Fundraising through Non-Convertible Debt Instruments CreditAccess Grameen Limited has scheduled a Board Meeting on Friday, July 24, 2026, during which it plans to discuss several financing initiatives alongside the consideration of its Unaudited Financial Results for the quarter ending June 30, 2026.The company intends to evaluate multiple proposals aimed at raising funds through debt instruments in domestic and international markets.Key items scheduled for deliberation at the Board Meeting include:Private Placement Funding: A proposal regarding the issuance of non-convertible securities, encompassing debentures and/or foreign currency bonds. These instruments could be issued...

Takyon Networks Secures Rs 26,186,000 Work Order from IIIT Allahabad Takyon Networks Ltd, formerly known as Takyon Networks Private Limited, has secured a significant work order worth Rs 26,186,000. The contract is with the Indian Institute of Information Technology (IIIT), Allahabad, and pertains to modernizing classrooms at the institution.The deal involves the SITC (Supervision, Installation, Testing, and Commissioning) of ICT-Enabled Audio-Visual Modernization in classrooms at IIIT-Allahabad. This project is categorized as a domestic order.Details of the contract, including its scope, value, and duration, have been confirmed by the company. The work order mandates that the entire assignment be completed within 16 weeks from the...

Sensex and Nifty Settle Lower Amid Oil Jitters, As Late Buying Cushions Market Losses Indian equity markets finished in the red for the second consecutive day on Tuesday, as volatility persisted amid mounting global concerns. While corporate earnings provided a backdrop of resilience, weakness in heavyweight private banks and persistent pressure from elevated crude oil prices weighed heavily on the benchmarks.Benchmark Indices Show Resilience Amid Profit Pressure The Sensex closed at 77,470.11, marking a decline of 238.41 points or 0.31 percent. The Nifty finished slightly lower at 24,187.70, down 50.80 points, reflecting a day marked by caution among investors.The market faced significant pressure during the late morning session...

Mayasheel Ventures Board Approves Key Appointments, Reallocates IPO Funds and Fixes AGM Details Mayasheel Ventures Limited (formerly known as Mayasheel Construction) held a meeting of its Board of Directors on Tuesday, July 21, 2026. The board considered and approved several significant matters concerning the company's operations, future financial planning, and upcoming general meetings.Among the key decisions made by the board was the recommendation for the appointment of M/s Rakesh Chhoker & Associates, Practising Company Secretaries, as Secretarial Auditors for a term spanning five consecutive years, commencing from April 1, 2026, through March 31, 2031. This appointment is subject to approval by the Members of the company.The...

Infosys BPM Limited Approves Incorporation of Wholly-Owned Subsidiary in Colombia Infosys Limited has confirmed a strategic corporate expansion, as the Board of Directors of its subsidiary, Infosys BPM Limited, approved the incorporation of a wholly-owned subsidiary in Colombia.The new entity will operate under the name Infosys BPM Colombia S.A.S., with provision made for alternative names subject to approval by relevant commercial authorities in Colombia.This move signifies a commitment to deepening operational presence within Latin America through direct investment and establishment of a local subsidiary.While the incorporation has been approved, additional details regarding this new venture will be disclosed as they become...

Tirupati Foam Ltd to Sell Surplus Land and Building for Over Rs 30 Crore Tirupati Foam Limited has approved the sale of its surplus land and building parcel, with the transaction valued at not less than Rs 30 crore. The move, which was sanctioned during a board meeting on July 20, 2026, pertains to assets located in Greater Noida, Uttar Pradesh.The company plans to sell the property to Neumann Components Pvt Ltd, an independent entity that is not related to the company's promoter group.The land parcel measures approximately 9325 square meters and is situated at Plot No. 5, Echotech I, Extension Greater Noida Industrial Area in Uttar Pradesh. The purpose of the agreement is the outright sale of this surplus land along with the...

ITR Filing Alert: Foreign Asset Holders Must Use SBI's Prescribed TTBR Rate to Convert Currencies For Indian taxpayers holding foreign assets, declaring these holdings is mandatory when filing the Income Tax Return (ITR). This requirement holds true even if no income is generated from those overseas investments. The crucial element in reporting foreign-denominated assets is determining the correct exchange rate for conversion into Indian Rupees (INR).The Income Tax Rules specifically mandate the use of the Telegraphic Transfer Buying Rate (TTBR) set by the State Bank of India (SBI). This prescribed rate ensures consistency and accuracy across all filings. Relying on variable online commercial rates can lead to errors in ITR reporting...

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...