Markets

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...

Jammu & Kashmir Bank Board Meeting Set for Q1 Unaudited Financial Results Review Jammu and Kashmir Bank Limited announced that its Board of Directors will meet on Wednesday, July 29, 2026. The primary agenda item for the meeting is the consideration and approval of the Unaudited Financial Results (Consolidated and Standalone) for the bank, covering the quarter ended June 30, 2026.The board review is scheduled to formally address the financial performance metrics of the bank for the specified three-month period.In connection with the release of these results, the trading window for dealing in the Bank's securities has been restricted. Trading was closed starting from Wednesday, July 1, 2026, and this restriction remains active...

Ador Welding Ltd. Announces Unaudited Financial Results for Q1 FY26; Details Performance and Operational Costs Ador Welding Limited (AWL) has released its Unaudited Financial Results for the first quarter ended June 30, 2026. The results, which include both standalone and consolidated figures, have been approved by the Board of Directors.The company's performance across the three quarters ending in 2025 and the current financial year shows various income and expense trends. The financial statements were subject to a limited review by statutory auditors.Standalone Financial Performance (Ador Welding Ltd.) The standalone results for the quarter ended June 30, 2026, reflect Total Income of 31,565 lakhs. Total expenses stood at 27,909...

Transport Corporation of India Limited Tax Demand Extinguished Following Rectification Order Transport Corporation of India Limited has confirmed that the previously outstanding tax demand of ₹81.96 crore pertaining to Assessment Year 2024-25 has been fully extinguished after a rectification order was passed by the Jurisdictional Assessing Officer under Section 154 of the Income Tax Act, 1961.The company had earlier informed Stock Exchanges regarding an assessment order issued under Section 143(3) of the Income Tax Act, 1961, which resulted in a demand of ₹81.96 crore for Assessment Year 2024-25. In response to this matter, Transport Corporation of India Limited filed a rectification application.The Jurisdictional Assessing Officer...

Sumeet Industries Ltd to Hold Board Meeting to Approve Un-Audited Financial ResultsSumeet Industries Limited has scheduled a meeting of its Board of Directors to review and approve the company's financial performance for the quarter ended on June 30, 2026. The meeting is set for Wednesday, August 5, 2026.The Board Meeting will be held at 4:00 P.M. at the registered office of Sumeet Industries Limited in Surat. The deliberation can take place either through a physical mode or via Audio/Video Visual Mode.A key agenda item for the meeting is to consider, approve, and adopt both the Standalone and Consolidated Un-Audited Financial Results of the company for the quarter ending June 30, 2026. Attendees will also have an opportunity to...

Saven Technologies Ltd to Hold Board Meeting for Q1 FY26 Un-Audited Financial Results Saven Technologies Ltd has scheduled a meeting of its Board of Directors to consider and approve the Un-Audited Financial Results for the quarter that ended on June 30, 2026. The board meeting is set to take place on Thursday, July 30, 2026.The primary item on the agenda for the Board includes considering and taking on record these un-audited financial results pertaining to the recently concluded quarter.In related market information, the company had previously communicated the closure of its trading window concerning these financial outcomes. The restricted trading period ran from July 1, 2026, spanning until August 1, 2026.Stock Price Movement...

Maruti Suzuki India Ltd Announces Price Increase for Vehicle Portfolio Due to Rising Input Costs Maruti Suzuki India Ltd has decided to increase the prices of its models across its entire portfolio in response to sustained increases in input costs and the prevailing adverse cost environment. The price revision will come into effect starting August 2026.The company stated that the decision follows continuous efforts made over the past few months to mitigate the cost impact through various cost reduction measures. However, due to elevated inflationary burdens and the continuation of the difficult cost environment, Maruti Suzuki is constrained to pass on a portion of these increased costs to the market.While ensuring that the impact on...

Khaitan Chemicals & Fertilizers Approves Board Changes and Increases Borrowing Limits Khaitan Chemicals & Fertilizers Limited announced significant corporate actions following a meeting held on July 21, 2026. The members of the company approved changes related to its financial mandates and restructured key personnel roles, including the re-appointment of Utsav Khaitan as Joint Managing Director.The approved matters included an increase in the company's borrowing limits under Section 180(1)(c) of the relevant Act, and the creation of necessary charges or pledges under Section 180(1)(a) of the Act.Board Reconstitution and Personnel Appointments Effective from July 21, 2026, the company's board has been reconstituted with changes to...

Rajshree Polypack Secured New Domestic Order Worth ₹3.09 Crs for Plastic Rigid Sheets Rajshree Polypack Limited has secured a new domestic order for the supply of plastic rigid sheets, valued at approximately ₹ 3.09 Crores. The contract is noted as a repeat order from an existing customer who operates within the confectionery industry.The entity awarding the contract is a wholly owned subsidiary of a global confectionery company recognized for having over 35 iconic chocolate brands sold in more than 170 countries. Rajshree Polypack Limited will be supplying Plastic Rigid Sheets to this domestic entity.The transaction was confirmed to fall within the domestic market and is explicitly stated not to be a related party transaction, nor...

NLC India Limited Issues ₹150 Crore in Commercial Papers NLC India Limited, a Government of India Enterprise, has successfully completed the issuance and allotment of Commercial Paper (CP). The transaction was finalized on July 20, 2026.The company issued a total of 3,000 units of Commercial Paper. Each unit carried a face value of ₹500,000/-, amounting to an aggregated issuance of ₹150 Crore. This financing move underscores NLC India Limited's ongoing financial activities.Key details regarding the commercial paper issuance are presented below:Financial InstrumentNumber IssuedFace Value per UnitTotal AggregationCommercial Paper3,000 Nos.₹500,000/-₹150 CroreThe allotment of the Commercial Paper was completed on July 20...

Fabtech Technologies Ltd. Schedules Board Meeting to Approve Q1 Financial Results Fabtech Technologies Ltd has announced a meeting of its Board of Directors, scheduled for Friday, July 24, 2026. The primary agenda item for the board is to consider and approve the un-audited Standalone and Consolidated Financial Result of the company.The financial results pertain to the first quarter ended on June 30, 2026.In addition to the Board meeting announcement, the company previously provided information regarding the closure of its trading window for dealing in the shares, which had been communicated to the Stock Exchanges on June 24, 2026.FABTECH Stock Price Movement Fabtech Technologies Limited is shedding ground as of 3:19 PM, with the...

Antony Waste Handling Cell Reports Operational Growth and Loan Refinancing Amid Plant Calamity Antony Waste Handling Cell Limited reported steady operational growth for the quarter ended June 30, 2026, achieving a core revenue increase of approximately 7%. The company also announced the successful refinancing of its subsidiary's term loan while coping with a natural calamity that affected the Pimpri Chinchwad Waste-to-Energy (WtE) facility.The operational updates show continued ramp-up in contracts and improved throughput across project locations, driving growth in processed materials. Collection and Transportation (C&T) volumes grew by 5.1% year-on-year (YoY) to approximately 0.55 million tonnes. Processing activity saw a rise of...