Markets

Oil Price Plummets as Geopolitical Tensions Mount: Market Weighs Ceasefire Hopes Against Naval Blockade Threat Crude oil prices saw a decline on Tuesday as global markets grappled with a highly complex risk assessment. Traders were attempting to balance encouraging reports of renewed diplomatic initiatives between the U.S. and Iran against severe military developments, notably the threat of a naval blockade from Yemen's Houthis.Brent crude futures slipped 35 cents, or 0.4%, settling at $88.87 a barrel. Meanwhile, U.S. West Texas Intermediate crude for September delivery held steady at $82.47 a barrel. Both benchmarks remained below the high levels reached in the preceding trading session.Escalating Military Tensions and Diplomatic...

Tax Implications of Cash Allowances: What Employees Must Know Before Filing ITR Many employees often receive cash allowances from their employers intended to cover various work-related expenses. A common misconception holds that these payments are entirely tax-free. However, understanding the precise tax treatment and disclosure requirements for these benefits is crucial when preparing one's Income Tax Return (ITR).Understanding the Tax Treatment of Cash Allowances As per established income laws, allowances provided to an employee specifically for expenses incurred in the course of their duties are fully exempt from taxation. This general rule applies to payments made by the employer toward legitimate work requirements.Crucially...

Central Mine Planning Institute Reports Drilling, Seismic Progress and Approves International Collaboration Central Mine Planning & Design Institute Limited has provided an update on its operational progress and announced several key corporate governance decisions following its board meeting held on July 20, 2026. The company reported significant achievements in drilling targets and approved a draft Memorandum of Understanding (MoU) for international collaboration in critical minerals.Operational Progress Review The institute detailed the progress of drilling activities up to June 2026 for the financial year 2026-27, reporting substantial achievement against set targets. The company had initially planned a total drilling target of...

Innovision Secures 1-Year Toll Collection Contract for Turup Fee Plaza in Jharkhand Innovision Limited has been awarded a one-year contract by the National Highways Authority of India (NHAI) to serve as the user fee collection agency at the Turup fee plaza, located on the Ranchi Bypass in Jharkhand. This engagement falls under NHDP Phase-III (EPC Package-1).The order was granted on July 17, 2026, following a competitive bidding process conducted via e-tender. The contract encompasses toll collection operations at the designated plaza, along with the upkeep and maintenance of adjacent toilet blocks, including handling consumable items for these facilities.Contract Details and Value The total commercial consideration for this...

NCLT Directs Meetings for Orient Cement and Ambuja Cements in Scheme of Amalgamation The National Company Law Tribunal (NCLT), Ahmedabad Bench, has issued specific directions regarding the amalgamation scheme between Orient Cement Limited (the Transferor Company) and Ambuja Cements Limited (the Transferee Company). The companies are set to convene shareholder meetings to consider and approve the proposed Scheme.The NCLT order, delivered on July 20, 2026, details the necessary steps for executing the scheme, which involves the amalgamation of Orient Cement Ltd. with Ambuja Cements Limited as a going concern. The proposal entails the consequent dissolution of the Transferor Company and the issuance of New Equity Shares to its...

Mahindra Logistics Approves Re-Appointment of Mr. Ameet Hariani as Independent Director At its 19th Annual General Meeting held on Monday, 20 July 2026, members of Mahindra Logistics Limited approved the re-appointment of Mr. Ameet Pratapsinh Hariani as an Independent Director. The decision extends his tenure for a second term of five consecutive years.The re-appointment is set to commence from 1 May 2027 and conclude on 30 April 2032 (both days inclusive).Mr. Hariani, who holds the DIN 00087866, brings extensive experience in corporate and commercial law to the role. The approval was made by members of the company at the Annual General Meeting today.Background and Profile of Mr. Ameet Hariani Mr. Ameet Hariani possesses a deep...

Indiabulls Ltd to Hold Board Meeting to Consider Q1 FY27 Unaudited Financial Results Indiabulls Ltd, formerly Yaari Digital Integrated Services Limited, has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ending June 30, 2026.The Board of Directors meeting is set to take place on Thursday, July 23, 2026. The agenda includes the consideration and approval of the company's performance metrics for the specified quarter.In addition to the board meeting, the company has provided an update regarding its insider trading policy. In line with regulations, the trading window for securities of Indiabulls Ltd will remain closed until July 25, 2026.IBULLSLTD Stock Price...

Global Pharma Lupin Spins Out Two Oncology Programs into Kaveri Therapeutics Global pharmaceutical leader Lupin Limited announced the strategic spin-out of two key oncology programs, LNP7457 (PRMT5) and LNP8701 (SOS1), through its U.S.-based subsidiary, Lupin Inc., into a newly formed entity, Kaveri Therapeutics Inc.Kaveri is being established as an independent clinical-stage oncology company to advance these programs through global clinical trials. Under the terms of the agreement executed on July 20, 2026, Lupin Inc. provided seed funding and granted Kaveri an exclusive perpetual license for both programs.In exchange for the licensing rights, Lupin Inc. received a substantial equity stake in Kaveri. The transaction valued the two...

One 97 Communications Reports Strong Profitability in Q1 FY 2027, Driven by Accelerated Monetization and AI Leverage One 97 Communications Limited reported substantial growth and record profitability for the first quarter of Fiscal Year 2027 (Q1 FY 2027), marked by a significant surge in EBITDA. The company stated that its performance was driven by accelerated growth across Payments and Financial Services for both Merchant and Consumer businesses, underpinned by the expansion of its ecosystem and AI-led operational efficiency.The Earnings Release highlighted that revenue stood at ₹2,448 Cr, achieving 28% year-on-year (YoY) growth and 8% quarter-on-quarter (QoQ) growth. The most striking financial metric was EBITDA, which reached ₹203...

Ganges Securities Limited Holds 12th Annual General Meeting for FY 2025-26 Ganges Securities Limited has scheduled its 12th Annual General Meeting (AGM) for the financial year 2025-26. The meeting is set to take place on Tuesday, August 11, 2026, and will be conducted through Video Conferencing facility or other Audio Visual means.The company has issued notices regarding the AGM, along with the Annual Report for 2025-26. Shareholders who do not have registered email addresses with the company are being provided instructions to access the Annual Report via the company's website.A series of key dates and timelines related to the general meeting and shareholder voting processes have been announced by Ganges Securities Limited...

One 97 Communications Announces Quarterly Results, Appoints New Director, and Plans Investment in Paytm Money Limited One 97 Communications Limited has disclosed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors approved several key corporate actions, including the appointment of a new director, plans for an additional investment in its subsidiary Paytm Money Limited (PML), and proposals regarding the utilization of IPO proceeds.The Board meeting, held on July 20, 2026, reviewed the financial results and considered strategic initiatives aimed at long-term shareholder value creation.Financial Performance Highlights The consolidated financial results for...

Central Mine Planning & Design Institute Announces Q1 Results and Declares 1st Interim Dividend Central Mine Planning & Design Institute Limited, a subsidiary of Coal India Limited, has announced its un-audited financial results for the first quarter ending June 30, 2026. The company also declared its 1st Interim Dividend for the Financial Year 2026-27.The Board of Directors, at a meeting held on July 20, 2026, approved the financial results and decided on the dividend payout. CMPDI fixed Friday, July 24, 2026, as the record date for determining shareholder eligibility for the interim dividend. The payment of the dividend is scheduled to be made on or before August 19, 2026.The company's results and details were reviewed by the...

CDSL Penalized Over Cyber Lapses as L&T Secures Mega Orders and Pharma Nears Breakthrough Markets experienced subdued trading on Monday, closing lower amidst renewed geopolitical concerns and disappointing results from several major private banking institutions. The market remains in a delicate balancing act, with analysts noting that Nifty once again failed to breach the 24,400 level, cementing the ongoing range-bound trend. Immediate technical support for the index has been identified within the 23,800–24,000 zone, while crossing above 24,400 could trigger a significant recovery move.Corporate Milestones and Innovation Boost Stock Performers Larsen & Toubro (L&T) showcased its strong position in heavy engineering as it announced...

Sobha Jumps Near 4X as IndiGo Seals Record Deal; Key Results and Mega Bulk Trades Drive Stock Movement The stock market is buzzing with activity today, driven by stellar corporate performance and major strategic deals across various sectors. Companies ranging from real estate to specialized manufacturing are reporting significant financial milestones or are attracting attention due to key operational developments. This trading day sees strong earnings results alongside high-stakes bulk transactions.Major Quarterly Earnings Stand Out Across Sectors The focus remains heavily on quarterly reports, with several companies releasing their performance metrics. Sobha reported a remarkable surge in its financials, revealing that profit has...

Dollar Nears One-Week High as Gulf Tensions and Oil Price Swings Grip Global Markets The U.S. dollar hovered near a one-week high on Tuesday, with global financial markets grappling with conflicting signals from the volatile Middle East. Renewed fears over energy supplies stoked instability across commodity prices. Meanwhile, tentative hopes for de-escalation offered brief moments of relief to nervous traders.Currency Markets React to Geopolitical Volatility The dollar index remained steady at 100.96, nearing its highest level since July 15, reflecting the ongoing tension in the Gulf region. Against the yen, the dollar was largely flat at 162.50 yen. The euro maintained stability at $1.1415, while the British pound held firm at...

Global Markets Shakeup: London Stock Exchange Plans Revolutionary Round-the-Clock Trading by 2027 The London Stock Exchange (LSE) is preparing a significant shakeup of traditional market operating hours. The exchange plans to launch a dedicated night-time trading site in the first half of 2027, as reported by the Financial Times. This new venue will operate distinctively from the LSE's main market, providing traders with expanded access to global assets.Expanding Trading Hours Beyond Traditional Markets The move reflects a broader industry trend as exchanges face pressure from digital asset markets. Cryptocurrencies and various non-traditional assets do not adhere to fixed opening times, fueling retail investors' expectations of...

Massive Fee Compression Hits SBI Funds IPO: Why Banks Are Getting Pennies on Billion-Dollar Debut India's inaugural billion-dollar public offering of the year, involving SBI Funds Management Ltd., has set a striking precedent regarding banker compensation. The nine investment banks managing this marquee debut will receive remarkably low fees for the transaction. This development signals an unusual compression in market economics within a major state-owned enterprise IPO.Razor-Thin Payouts Challenge Market Norms The IPO prospectus reveals that the managing banks will share a fee totaling ₹46.25 million ($479,000). This translates to just 0.05% of the deal value. Such a payout is drastically lower compared to similar large-scale debuts...

Oil Plummets Amid Diplomatic Hope as Iran Ceasefire Talk Counters Volatile Geopolitical Risks Oil prices softened on Tuesday, reacting to a complex mix of escalating geopolitical tensions and reports of ongoing diplomatic mediation efforts between the U.S. and Iran. Brent crude futures eased 35 cents, or 0.4%, settling at $88.87 per barrel by 0052 GMT. U.S. West Texas Intermediate (WTI) crude for September delivery remained steady at $82.47 a barrel.Market Softening Amid High Risk Profile The global oil market is currently operating under extreme volatility, balancing the immediate threat of conflict against underlying diplomatic momentum. Both WTI and Brent contracts were trading below their highest levels in more than a month. This...

Ather Energy Completes Qualified Institutions Placement, Allocates Over 108 Million Shares at INR 1,202 Each Ather Energy Limited has finalized the allocation of equity shares following the conclusion of its Fund Raise Committee meeting. The company confirmed the closure of the placement and determined the terms for the issuance to qualified institutional buyers (QIBs).The Board of Directors approved the outcomes of the Issue during a meeting held on July 20, 2026. Key decisions included declaring the closure of the offering following the receipt of applications and funds in the escrow account from eligible QIBs.The company determined and approved the allocation of 1,08,15,307 Equity Shares of face value INR 1 each to qualified...

Last Chance Alert: Triveni Engineering Share Surge Drives Investor Race Ahead of Critical Power Transmission Demerger Investors looking to benefit from the corporate restructuring are being urged to act quickly on Triveni Engineering shares. The company has set July 22 (Wednesday) as the record date for the demerger of its power transmission business. This makes today the critical last day for shareholders to purchase shares and ensure eligibility for the transfer of Triveni Power Transmission stocks.Deadline Looms: Why Today is Crucial for Demerger Eligibility Due to SEBI’s T+1 settlement cycle, purchasing the stock must be completed at least one trading day before the record date. This timing mechanism dictates that interested...