Markets

Atishay Ltd Secures Order for Micro ATM Deployment at Nagaur Central Co-operative Bank Atishay Ltd has secured a significant work order from The Nagaur Central Co-operative Bank, Nagaur. The contract involves the supply, installation, commissioning, and maintenance of Micro ATM devices for Primary Agricultural Credit Societies (PACS) under the Co-operative Department Rajasthan.The project is intended to bolster the rural and agricultural banking ecosystem by providing technology driven financial inclusion solutions within the cooperative banking sector. This agreement highlights the continuing confidence of the bank in the technological capabilities and execution strength of Atishay Ltd.The total value of the work order is ₹ 49.35...

Ontic Finserve Ltd Postpones Scheduled Board Meeting Ontic Finserve Limited has announced the cancellation of its Board of Directors meeting, which was originally scheduled to take place on July 16, 2026. The company stated that the meeting could not be convened due to unavoidable circumstances.As a result of the cancellation, no business items listed in the original notice were transacted during the scheduled period. The company intends to convene the Board of Directors meeting on a revised date. The specific details regarding the new date will be shared at a later time.Regarding internal trading restrictions, the Trading Window for dealing in the securities of Ontic Finserve Limited remains closed for Designated Persons and their...

Sterlite Technologies Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Sterlite Technologies Limited has scheduled a meeting of its Board of Directors to review the company's financial performance for the quarter ending June 30, 2026. The board will deliberate on both the standalone and consolidated unaudited financial results during the proceedings held on July 24, 2026.The upcoming review is a key step in the company's reporting cycle for the first half of the fiscal year. While specific figures regarding revenue or profit are not detailed in the current announcement, the meeting serves as the primary forum for evaluating the operational results and financial standing of the organization for the June quarter.In...

Neptune Logitek Ltd to Acquire 100% Stake in New Logistics Entity Neptune Logitek Ltd has announced its decision to acquire a 100% stake in a proposed company, Neptune Maritime Private Limited (or another name approved by the Registrar of Companies), as part of its strategic expansion into the logistics sector. The acquisition was approved during a board meeting held on July 16, 2026.The transaction involves the purchase of 1,00,000 equity shares with a face value of Rs. 10 each. This acquisition will grant Neptune Logitek Ltd full ownership of the entity's paid-up equity share capital. The newly formed company is expected to operate in the logistics industry, specifically providing freight forwarding services via sea, rail, and road...

Continental Chemicals Limited Wins Legal Battle Before State Tax Authorities Continental Chemicals Limited has announced a favorable resolution regarding a legal dispute involving the company before the Deputy Commissioner of State Tax, Sector-1, Noida. The company confirmed that its legal counsel reported the successful conclusion of the case on July 16, 2026.The outcome of the proceedings resulted in a favorable order being passed in favor of the company. According to the official details provided by the company, there were no penalties or compensation levied against the entity as a result of the settlement. Furthermore, the company stated that the resolution of this litigation has had no impact on its financial position.The...

Centrum Capital Ltd Appoints Sandip Ghose and Manmohan Shetty to Board Centrum Capital Limited has announced the appointment of two new directors to its Board of Directors. The appointments were approved by the Board via a circular resolution passed on July 16, 2026.The company has appointed Mr. Sandip Ghose as an Additional Director in the capacity of Non-Executive Independent Director. His tenure is set for a term of five consecutive years, starting from July 16, 2026, subject to shareholder approval.Mr. Ghose brings extensive experience in the financial sector and central banking. He previously served as the Head of Human Resources at the Reserve Bank of India (RBI) and acted as Chief of Staff and Advisor to three successive RBI...

Suraj Industries Ltd Signs Franchise Agreement with Vintage Distillers Limited for Country Liquor Bottling Suraj Industries Ltd has entered into a Franchise Tie-up Agreement with Vintage Distillers Limited for the manufacturing of Country Liquor and Rajasthan Made Liquor (RML) products. The agreement, executed on July 16, 2026, establishes a partnership for the bottling and packaging of RML products in aseptic packs.The operational scope of the agreement involves the Company undertaking the bottling and packaging of the Licensor's brands on a job work basis. These operations will be conducted at the Company’s manufacturing unit located at Rajasthan State Ganganagar Sugar Mills Limited, Taragarh Road, Ajmer, Rajasthan. The partnership...

Kanungo Financiers Limited to Convene Board Meeting for Significant Corporate Actions Kanungo Financiers Limited has scheduled a meeting of its Board of Directors to be held on Wednesday, July 22, 2026. The meeting will take place at the company's registered office located at B-7, Ajanta Complex, 5th Floor, Income Tax, Ahmedabad, Gujarat.The board is expected to deliberate on several key strategic initiatives, including an increase in the company’s authorized capital and significant corporate acquisitions.Strategic Acquisitions and Share Swaps A primary agenda item for the meeting involves the final decision on the acquisition of equity shares from M/s. Startech Infralogistics Private Limited (SIPL) and M/s. Peepal Mining and...

Suraj Industries Ltd Signs Franchise Agreement with Vintage Distillers Limited for Liquor Bottling Suraj Industries Ltd has entered into a Franchise Tie-up Agreement with Vintage Distillers Limited to facilitate the bottling and packaging of Country Liquor and Rajasthan Made Liquor (RML) products. The agreement, executed on July 16, 2026, establishes a job work basis arrangement for producing liquor in aseptic packs.The operations will be conducted at the company's manufacturing unit located at Rajasthan State Ganganagar Sugar Mills Limited, Taragarh Road, Ajmer, Rajasthan. This domestic business agreement is designed to enhance the capacity utilization of the company’s existing manufacturing and bottling facilities while generating...

TCC Concept Ltd to Consider Equity Share Split in Upcoming Board Meeting TCC Concept Ltd has scheduled a meeting of its Board of Directors on July 21, 2026, to deliberate on a significant structural change regarding its share capital. The primary agenda for the meeting involves the proposed alteration of the company's capital through a sub-division or split of existing equity shares.The proposal entails splitting the current equity shares, which currently carry a face value of Rs. 10 each and are fully paid up. The specific manner of this split is to be determined by the Board of Directors. Any such action remains subject to approval from the company's shareholders and other necessary requirements.While the board will oversee the...

AU Small Finance Bank Appoints Amol Padhye as Chief Risk Officer AU Small Finance Bank has approved the appointment of Mr. Amol Padhye as the bank's Chief Risk Officer (CRO). Mr. Padhye will join the leadership team as Senior Management Personnel (SMP) and is scheduled to take over the role on September 1, 2026.His appointment follows the completion of the tenure of the incumbent CRO, Mr. Deepak Jain, who will conclude his term on August 31, 2026. The appointment was approved by the Board of Directors following recommendations from both the Risk Management Committee and the Nomination and Remuneration Committee.Professional Background and Expertise Mr. Padhye is a Chartered Accountant who holds a bachelor's degree in commerce from...

Oswal Overseas Ltd Settlement with LH Sugar Factories Limited Finalized Following NCLAT Order Oswal Overseas Limited has reached an amicable settlement with the financial creditor, LH Sugar Factories Limited, leading to the withdrawal of a legal appeal before the National Company Law Appellate Tribunal (NCLAT). The tribunal issued its order on July 9, 2026, acknowledging the resolution between the parties.The settlement was finalized after both the appellant and Respondent No. 1 jointly informed the NCLAT that their disputes had been resolved through a signed Settlement Agreement. Consequently, the Tribunal dismissed the appeal as withdrawn.Procedural Directives for ResolutionThe tribunal provided specific directions regarding the...

WeWork India Management Limited Reports Q1 FY27 Results; Records Highest Monthly Sales of 7.5k Desks WeWork India Management Limited has announced its financial results for the quarter ended June 30, 2026. The company reported significant growth in its operational footprint and member base, highlighting a period of accelerated supply expansion and expanding margins.Operational Growth and Market Dynamics The company reported that its Assets Under Management (AUM) grew by 30% year-on-year to reach 12 MSF. The operational area expanded by 18.5% over the year to 9.1 MSF, providing a desk capacity of 133.6k desks. During the first quarter alone, the company added 6.7k desks, including 3.3k managed office desks.Membership grew by 29.9%...

Chipmaker Stocks Plunge as AI Spending Concerns and Geopolitical Risks Trigger Market Volatility A significant selloff in the semiconductor sector dragged down broader market sentiment as investors questioned if massive artificial intelligence investments can justify current lofty valuations. The tech-heavy landscape faced a wave of volatility that saw a gauge tracking industry leaders like Nvidia Corp. and Broadcom Inc. slide by 3.5%.While many S&P 500 shares managed to gain, the index overall retreated as the Nasdaq 100 fell 1%. This pullback highlights a growing tension in the market where even positive reports are failing to ignite sustained buying interest.Valuation Anxiety Clouds AI and Chip Sector Growth The market is...

WeWork India Reports Strong Q1 FY27 Growth with 533% Surge in Profit After Tax WeWork India Management Limited has announced its financial results for the first quarter of FY27 ended June 30, 2026, highlighting a period of significant growth and the commencement of a new capacity expansion cycle. The company reported a substantial increase in profitability and revenue while expanding its operational footprint across India.During the quarter, WeWork India saw its revenue rise to ₹ 698.0 Cr, representing a 28.5% year-on-year (YoY) increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 69.3% YoY to reach ₹ 138.3 Cr. Notably, the company reported a 533.3% surge in Profit After Tax (PAT), which stood at...

SBI Funds Management IPO Shatters Records to Become India’s Fifth-Largest by Bid Value SBI Funds Management has etched its name into the history of Indian capital markets after its Rs 9,813-crore initial public offering (IPO) drew a staggering Rs 2.98 lakh crore in bids. The issue saw an overwhelming response, closing with a subscription level of 41.66 times on the final day of bidding.This massive influx of capital positions the debut as the fifth-largest IPO in India by total bid value. It currently ranks behind landmark offerings from Reliance Power, LG Electronics India, Bajaj Housing Finance, and ICICI Prudential AMC.Institutional Appetite Drives Record Subscription Numbers The institutional interest in the offering was...

Motilal Oswal Financial Services to Review Quarter Ended June 30, 2026, Results Motilal Oswal Financial Services Limited has scheduled a meeting of its Board of Directors on Thursday, July 23, 2026. The primary objective of the board meeting is to consider and approve the unaudited financial results for both standalone and consolidated positions for the quarter ended June 30, 2026.The company has confirmed that the trading window for dealing in its securities remains closed during this period. This restriction will continue until 48 hours after the declaration of the financial results for the specified quarter.The details regarding the meeting and the subsequent financial updates are scheduled as follows:EventDateBoard...

Muthoot Capital Services Ltd Reports Profit for Quarter Ended June 30, 2026 Muthoot Capital Services Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a profit of Rs 812.21 lakhs for the period, reflecting a turnaround from a loss of Rs 466.99 lakhs recorded in the same quarter of the previous year (June 30, 2025).The financial performance highlights a steady rise in revenue from operations and controlled expenditure management during the reporting period. The company's total income for the quarter stood at Rs 16,063.74 lakhs, compared to Rs 14,738.26 lakhs in the quarter ended June 30, 2025.Financial Performance Overview The following table summarizes the key financial...

Caliber Mining and Logistics Secures Rs 135 Crore Anchor Investment Ahead of Rs 450-Crore IPO Maharashtra-based coal mining services provider Caliber Mining and Logistics has successfully raised Rs 135 crore from seven anchor investors ahead of its primary market debut.The company, backed by notable investors including Sunil Singhania and Anchorage Capital Fund, is set to launch a Rs 450-crore initial public offering (IPO).The IPO structure includes a fresh issue of shares valued at Rs 400 crore alongside an offer for sale (OFS) of Rs 50 crore by the promoters.The subscription window for the public issue will remain open from July 17 to July 21, with a fixed price band of Rs 402 to Rs 424 per share.Dominant Institutional...

FIIs Unleash Massive Outflow as DIIs Step In to Cushion Markets Amid Sharp Selling Pressure Domestic institutional investors (DIIs) acted as a critical stabilizer for the Indian equity markets on July 16, purchasing shares worth Rs 2,986.41 crore. This domestic support came at a pivotal time as foreign institutional investors (FIIs/FPIs) turned aggressive sellers, offloading equities worth Rs 4,205.56 crore during the session.The provisional exchange data highlights a stark contrast in investor sentiment between domestic and international entities. While DIIs purchased shares worth Rs 19,236.80 crore against sales of Rs 16,250.39 crore, FIIs sold equities totaling Rs 17,781.64 crore despite purchasing Rs 13,576.08 crore.Record...