Markets

South West Pinnacle Exploration Reports 53% Revenue Growth in Q1 FY27 as Profit After Tax Jumps 287%Haryana: South West Pinnacle Exploration Limited (SWPEL), an integrated service provider specializing in drilling and exploration of natural resources, has announced its financial results for the first quarter of Fiscal Year 2026-27. The company reported a consolidated revenue increase of 53% year on year (YoY) and saw Profit After Tax (PAT) surge by 287% YoY.The robust performance reflects the company's ability to expand its operational footprint and strengthen client relationships despite a challenging business environment marked by substantial increases in input costs, according to management.A detailed look at SWPEL’s financial...

GIFT Nifty Plunges Signals Weak Day for Indian Stocks Amid Middle East Tensions and FII Selling Indian benchmark indices, Sensex and Nifty, are set for a cautious start on Tuesday, with the pre-market indicator, GIFT Nifty, suggesting a potential gap-down session. The primary driver behind investor apprehension remains escalating geopolitical tensions in the Middle East, compounded by sustained foreign institutional selling (FIIs) and persistent concerns over energy price volatility.GIFT Nifty was trading at 24,165 around 8:00 am, marking a decline of 118 points or 0.5 percent. This indicates that the Nifty 50 could open significantly below Monday's close of 24,238.50. Indian equities concluded Monday in the red after heavy selling...

State Intervention Ignites China Tech Market as Record Inflows Flood Chip ETFs Amid Selloff China is rapidly escalating its efforts to stabilize its volatile stock market, directing significant capital through state-linked institutions to counter a tech-driven selloff. This coordinated push signals authorities’ concern over potential broader market confidence issues amidst economic uncertainty. The targeted support for high-growth sectors suggests policymakers are actively deploying an arsenal of state resources to prevent a crisis in AI and semiconductor stocks.Surge in ETF Inflows Signals Targeted State Support The most immediate sign of this intervention came on Monday when the ChinaAMC STAR 50 ETF witnessed record inflows. The...

Deeptech Funding Surge Confirmed in India as VCs Accelerate Bets on Space and AI Tech The trajectory of India's deeptech ecosystem is rapidly defining a critical segment of its burgeoning startup economy. With milestones like Skyroot Aerospace placing India's first privately built rocket into orbit, specialized venture capital firms and generalist investors are increasingly championing frontier technologies. This growth is supported by dedicated deeptech funds and targeted government initiatives, signaling a shift beyond consumer internet success.Early-Stage Activity Fuels Deeptech Momentum Despite overall funding figures showing declines in some categories, the depth of dealmaking in India's deeptech sector remains robust. Venture...

Bank of Baroda Surges with Highest NRO FD Rate Reaching 6.75% as NRIs Seek Max Returns Maximizing Yield: A Comprehensive Look at NRO Fixed Deposit Rates for Non-Residents For Non-Resident Indians (NRIs) earning income within India, the Non-Resident Ordinary (NRO) fixed deposit (FD) presents a vital instrument for parking funds. These deposits are suitable for housing earnings such as dividends, rent from property, or pension payouts. However, while NRO FDs offer competitive interest rates, it is crucial for NRIs to fully understand the associated tax implications in India.Interest accrued on NRO FDs is taxable in India and is subject to Tax Deducted at Source (TDS). To mitigate the overall tax burden, banks encourage NRIs to leverage...

Dollar Soars Amid Gulf Tensions; Markets Battle Volatile Oil Rally and Global Rate Hike Bets The U.S. dollar hovered near a one-week high on Tuesday as global markets wrestled with conflicting reports emanating from the volatile Middle East. Renewed fears concerning energy supply were stoked by escalating hostilities, while hopeful murmurs of a ceasefire offered temporary relief to risk-averse investors. The U.S. Dollar Index remained steady at 100.96, nearing its highest level since July 15.Currency Markets Brace for Geopolitical Headwinds Currency trading saw caution as geopolitical risks weighed heavily on global sentiment. The dollar was largely flat against the Japanese yen, trading at 162.50 yen. The British pound held firm at...

Gold Surges Amid Diplomacy Hopes as Oil Volatility Skyrockets Over Blockade Threat Spot gold climbed on Tuesday, driven by a complex tug-of-war between rising diplomatic hopes in the Middle East and persistent threats of supply disruption. The movement was observed as fundamental investors weighed cooling oil prices against the possibility of a severe crude market spike stemming from escalating regional tensions.Gold Performance and Precious Metals Rally Spot gold registered a gain of 0.5%, reaching $4,023.56 per ounce as of 0146 GMT. In related news, U.S. gold futures for August delivery added 0.3% at $4,028.The uncertainty surrounding the Bab el-Mandeb Strait was a major factor in commodity movements. The Houthis made...

Oil Prices Drop as Middle East Tensions Mount; Investors Brace for Supply Shocks Amid Mediation Efforts Commodity markets witnessed a mixed trading session on July 21, as global investors closely monitored escalating developments in the Middle East. The volatility was driven by competing narratives: optimism surrounding ongoing mediation efforts contrasted sharply with fresh reports of regional hostility and threats to crucial shipping lanes.Crude Oil Prices Soften Amid Geopolitical Balancing Act Oil futures experienced a downturn after mediating talks between the U.S. and Iran raised cautious hopes for de-escalating regional tensions. Despite this positive sentiment, renewed attacks within the region, along with declarations by...

SBI Funds Management to Surge on Listing Day After Investor Frenzy; GMP Points to Strong Market Debut SBI Funds Management, the investment arm of State Bank of India, is set to debut on the stock markets this Tuesday, July 21. The listing follows an overwhelmingly successful IPO, during which shares commanded a Grey Market Premium (GMP) suggesting robust market sentiment. The company's strong offering and massive scale position it as one of India's key financial players.GMP Signals Strong Debut for SBI Funds Management The newly listed stock is commanding a significant GMP before its listing on the BSE and NSE. With the IPO priced up to Rs 574, the GMP indicates an estimated debut price nearing Rs 671, implying a potential 17% listing...

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...