Markets

JK Lakshmi Cement Responds to IiAS Report, Vigorously Defending Remuneration for Smt. Vinita Singhania JK Lakshmi Cement Ltd. has submitted a detailed clarification to Institutional Investor Advisory Services (IiAS) regarding its Proxy Advisory Report concerning the upcoming Annual General Meeting (AGM) scheduled for July 30, 2026. The company addressed IiAS' negative voting recommendation pertaining to the re-appointment and remuneration of Smt. Vinita Singhania as Chairperson and Managing Director.IiAS recommended AGAINST the resolution regarding Smt. Vinita Singhania’s appointment and pay structure for five years, starting August 1, 2026, citing Governance Concern and Weak Transparency as rationale.In its response dated July 19...

Anupam Rasayan India Limited Expands Open Offer Scope by Adding Mates Visa Consultancy Private Limited Bliss GVS Pharma Limited is currently undergoing an open offer initiated by Anupam Rasayan India Limited, which has been expanded with the addition of Mates Visa Consultancy Private Limited. The modification relates to the ongoing acquisition process as detailed in a recently released addendum to the Public Announcement and Detailed Public Statement.The Open Offer involves the acquisition of up to 2,77,26,848 fully paid-up equity shares of Bliss GVS Pharma Limited from eligible public shareholders. This transaction represents 26.00% of the Expanded Voting Share Capital of the Target Company.Mates Visa Consultancy Private Limited is...

Seven High-Profile IPOs Hit Dalal Street as Market Gears Up for Next Week's Listings The coming week, starting July 20, is poised to be highly active in the primary market. A total of seven Initial Public Offerings (IPOs) are set to hit exchanges, signaling a robust period of capital raising on Dalal Street. Furthermore, five companies are scheduled to make their public debut next week across various segments.Key IPOs Set for Market Launch The upcoming listings include major players across infrastructure and manufacturing. The Cube Highways Trust InvIT is among the principal offerings. This Infrastructure Investment Trust (InvIT) will open on July 22, offering at a fixed price of Rs 151-152 per unit.This particular InvIT operates a...

Subsidiary of TVS Srichakra Limited Acquires 51% Stake in EV Tech Firm Weber DrivetrainTVS Sensing Solutions Private Limited, a wholly owned subsidiary of TVS Srichakra Limited, has entered into a Share Purchase Agreement to acquire a significant stake in Weber Drivetrain Private Limited. The acquisition was formalized on July 19, 2026.Through this transaction, the subsidiary secured 5,100 equity shares, constituting 51% of the paid-up equity share capital of Weber Drivetrain Private Limited. The complete purchase price for the stake is Rs. 1,43,00,000, which was settled via cash consideration.The transaction details indicate that the acquisition is intended to build electronics capability within the organization and relates to...

Subsidiary Faces Drug License Suspension Overstore in Karnataka Medplus Health Services Limited's subsidiary, Optival Health Solutions Private Limited, has received a suspension order concerning a Drug License for one of its stores located in the state of Karnataka. The action relates to a regulatory directive from drug control authorities and carries an estimated financial impact on the entity.The suspension was issued by the Assistant Director of Drugs Control Administration, Vijayapura Circle, regarding the store situated at Indi Sindagi Road Bijapur, Karnataka. Optival Health Solutions Private Limited received the order on July 18, 2026.The action was taken in relation to a violation committed under Rule 65 of the Drugs and...

India Inc Logs Fastest Revenue Growth in 14 Quarters; Costs Intensify Margin Pressure The early reportings from India Inc reveal a dichotomy across key sectors: while companies are achieving robust revenue momentum and overall business growth remains healthy, rising input and operational costs are significantly compressing profit margins. The earnings results paint a mixed picture of sustained market challenges against a backdrop of strong underlying commercial performance.Revenue Growth Surges Amid Rising Costs The 115 non-BFSI and non-oil/gas companies that have reported so far recorded an aggregate revenue growth of 15.6 percent year-on-year, marking the second consecutive quarter of double-digit expansion. Net profit increased by...

Orient Electric Limited Receives Improved ESG Rating from SESOrient Electric Limited has received an updated Environmental, Social, and Governance (ESG) rating, reflecting an improvement in the company's sustainability profile. The rating was assigned by SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider.The independent assessment gave Orient Electric Limited an ESG Rating of 74 for the fiscal year 2025-26. This score marks an increase from its previous rating of 72.3 recorded in FY 2024-25.The rating was assigned based on information available within the public domain. The performance update highlights a positive shift in the company's ESG standing as assessed by SES.ORIENTELEC Stock Price Movement Orient...

Nilachal Refractories Ltd Board Meeting Scheduled to Review Major Asset Monetization and Divestment Proposals Nilachal Refractories Limited has scheduled a Board of Directors meeting focused on the evaluation and approval of comprehensive proposals concerning the monetization, transfer, or disposal of key company assets. The meeting is set to take place on Wednesday, July 22, 2026, at 11:30 A.M. in Kolkata.The board is tasked with considering various strategies for realizing these corporate resources, which include plant and machinery, equipment, capital work-in-progress, inventories, stores, scrap, utilities, movable assets, or any business undertakings of the Company. These proposals will be reviewed across several transaction...

Deccan Transcon Leasing Acquires Equity Stake in Malaysian Logistics Firm, boosting Ownership to 70.48% Deccan Transcon Leasing Limited has approved an acquisition of an equity stake in its overseas subsidiary, Deccan Shipping & Logistics Sdn. Bhd. (DSL Malaysia). The purchase strengthens the company's strategic investment in the freight forwarding and logistics sector.The transaction involves acquiring 232,870 equity shares of DSL Malaysia from Mr. Bejoy Varghese Vallikkunnel. This acquisition elevates Deccan Transcon Leasing's shareholding from 55.14% to 70.48% of the paid-up equity share capital of DSL Malaysia.DSL Malaysia operates in freight forwarding, logistics and shipping services and is based in Malaysia. The company has...

Rossari Biotech Posts Highest-Ever Q1 FY27 Results; Revenue Jumps 28% YoY Mumbai: Rossari Biotech Limited, a manufacturer of specialty chemicals providing sustainable solutions across various industries, announced its financial performance for the quarter ended June 30, 2026. The company achieved a highest-ever quarterly revenue of Rs. 697.2 crore and an EBITDA of Rs. 80.6 crore in consolidated terms.The results reflect robust growth across Rossari’s business segments, driven by momentum in the domestic market and expanding international presence, according to a joint statement from Promoter & Executive Chairman Mr. Edward Menezes and Promoter & Managing Director Mr. Sunil Chari.Consolidated Q1 FY27 Performance Overview Rossari...

Sensex, Nifty Surge Above 1% as Domestic Buying Outperforms Global Sell-off in Mixed Markets The Indian stock market finished a positive week on Friday, with the Sensex and Nifty 50 recording sharp gains despite persistent global volatility. The resilience of domestic stocks was attributed to strong Q1 earnings and robust sentiment surrounding IT and banking sectors. The Sensex surged over 964 points to close at 78,151, while the Nifty 50 rallied by approximately 262 points to end the session at 24,334.Domestic Rally Driven by Large-Cap Focus The rally was concentrated heavily in large-cap stocks, signaling a distinct shift in market momentum away from mid and small caps. Vinod Nair, Head of Research at Geojit Investments, noted that...

Deccan Transcon Leasing Limited Revokes Approvals for Promoter Reclassification under Board Decision Deccan Transcon Leasing Limited announced that its Board of Directors has revoked certain previous approvals related to the reclassification of specific persons, following a review of queries raised by the National Stock Exchange of India Limited (NSE). The decision was made during a Board meeting held on July 19, 2026.The company confirmed that, after reconsideration of the NSE's queries concerning promoter reclassification matters, the approval granted on March 06, 2026, regarding the status of several individuals has been formally revoked.The persons whose earlier approvals have been revoked by Deccan Transcon Leasing Limited...

CXMT’s $8.6 Billion Chip IPO Hits 570X Oversubscription, Yet Global Tech Selloff Dims Investor Fervour China's premier memory chipmaker, CXMT Corp., has seen a massive institutional appetite for its upcoming initial public offering (IPO), yet the scale of demand suggests caution amid a broader cooling in global chip stocks. The $8.6 billion IPO was oversubscribed by institutional investors to an astonishing 570 times, according to filing details released on Sunday.This data paints a picture of robust underlying interest in the tech giant, but also highlights that the enthusiasm is notably muted compared to recent, ultra-fervent technology listings within China’s booming market. The IPO serves as a crucial barometer for the domestic...

Chennai Petroleum Fixes Record Date for Rs 54 Per Share Final Dividend Chennai Petroleum Corporation Limited has announced the record date for its final equity dividend for the financial year 2025-26. The company designated Friday, August 07, 2026, as the record date to determine member eligibility for the dividend.The final equity dividend of Rs 54 per share was recommended by the Board of Directors following a recent Board Meeting. This amount represents 540% on the paid up equity share capital. The dividend is applicable to shares with a face value of Rs 10 each.If the final dividend is approved during the upcoming Annual General Meeting (AGM), the payment to eligible members will be made within a stipulated period of 30 days...

Interiors & More Limited Announces Resignation of Vice President Sales & Marketing Interiors & More Limited has announced the resignation of Mr. Akash Sharma from his position as Vice President - Sales & Marketing. The company confirmed that it accepted the resignation, which was effective from July 18, 2026, and he has been relieved from his duties.Mr. Sharma tendered his resignation in order to pursue better career opportunities. The company stated that there is no other material reason for the change in personnel.The details regarding the transition of the Senior Management Personnel (SMP) are as follows:ParticularsDetailsName and RoleMr. Akash Sharma, Vice President - Sales & MarketingDate of CessationJuly 18, 2026...

Investors Await Financial Windfall: Bharti Airtel, Abbott Lead Mega Dividend Payout as 88 Stocks Go Ex-Date As investors track corporate actions this week, the focus remains on dividend declarations, stock splits, and bonus issues. Nearly 88 companies have set their record dates for these financial events, making diligent monitoring crucial for shareholders. Eligibility hinges entirely on holding shares in the respective demat accounts on the announced record date. The list of actions is dynamic, with more corporate announcements expected throughout the week.Key Corporate Actions Scheduled This Week The daily schedule features a mix of dividend rewards and structural share adjustments across various sectors. Monday sees 12 stocks...

NCLT Orders Scheme of Amalgamation: ADI BPO Services to Merge into MPS Ltd, Stakeholder Meetings Directed The National Company Law Tribunal (NCLT) has issued directions concerning the proposed scheme of amalgamation between ADI BPO Services Limited (Transferor Company) and MPS Limited (Transferee Company). The NCLT order, pronounced on July 2, 2026, allows certain aspects of the First Motion Application, while directing specific meetings for key stakeholders in the Transferee Company.The application sought to amalgamate ADI BPO Services Limited with MPS Ltd under Sections 230 to 232 of the Companies Act, 2013. The Tribunal's order specified that certain stakeholder meetings could be dispensed with while other meetings were ordered for...

Bajel Projects Incorporates Wholly Owned Subsidiary in UAE for Middle East Expansion Bajel Projects Limited has expanded its international footprint by incorporating a wholly owned subsidiary company in Abu Dhabi, United Arab Emirates. The new entity is being established to support the parent company's growth and engagement in the construction and infrastructure sector across the Middle East.The subsidiary, named BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C, was incorporated on July 18, 2026, in Abu Dhabi. This strategic move is intended to strengthen Bajel Projects Limited’s presence in the Middle East by enabling it to undertake specialized Engineering, Procurement and Construction (EPC) projects within the region.The...

Spunweb Nonwoven Reports Strong Growth Amid Hygiene and Industrial Demand Surge Spunweb Nonwoven Limited, a leading manufacturer of high-quality polypropylene spunbond nonwoven fabrics, has reported significant growth, driven by diversified revenue streams across hygiene, medical, packaging, and industrial end-markets. The company serves over 500 clients in more than 15 countries, positioning itself as one of the largest PP spunbond fabric producers in India.Spunweb specializes in engineering nonwoven fabrics for various sustainable and hygienic applications. Their product portfolio spans six premium fabric grades and utilizes a single-step process to create lightweight, breathable, and durable materials. Applications range from...

Sathlokhar Synergys Reports Strong Revenue Growth in Q1 FY27; Order Book Reaches ₹1,015.18 Crores Sathlokhar Synergys E&C Global Limited, an EPC and Infra Turnkey Contractor, reported robust performance for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company recorded a significant increase in turnover and maintained a healthy order book, signaling strong operational execution capabilities and a growing business pipeline.The firm announced that it achieved an approximate 65+% increase in turnover for Q1 FY27 compared to the corresponding period of Q1 FY26. This performance uplift was attributed to successful project execution across ongoing contracts, highlighting the company's core operational strength...