Markets

Beta Drugs Reports Strong Q1FY27 Results Driven by Oncology Growth and Efficient Operations Beta Drugs Limited has reported robust consolidated financial results for the first quarter of fiscal year 2027 (Q1FY27), demonstrating significant growth across its key business segments. The company recorded total sales of Rs 125.55 crores, marking a substantial 25.3% increase from the Rs 100.2 crores reported in the previous fiscal year. Total revenues reached Rs 127.13 crores.The quarterly performance was underpinned by stellar growth in branded oncology and CMO (Contract Manufacturing Organization) services. The branded oncology business delivered a 47% year-on-year growth, contributing sales of INR 33.0 Crores. The CMO segment also showed...

Divi's Laboratories Ltd to Hold Board Meeting to Review Q1 Financial Results for 2026 Divi's Laboratories Limited announced that its Board of Directors will convene a meeting on Saturday, August 01, 2026. The meeting is scheduled to review and approve the unaudited standalone and consolidated financial results of the company for the quarter that ended June 30, 2026.The upcoming board meeting is set to consider the performance metrics and financial outcomes of Divi's Laboratories for the recently concluded quarter.In terms of market activity, the trading window for the securities of Divi's Laboratories has been closed since July 01, 2026. The restricted period will remain closed until August 03, 2026, following the declaration of the...

Mini Diamonds Introduces Make to Order Service for Retail Customers through Namra JewelsMini Diamonds (India) Limited, operating through its subsidiary Namra Jewels Private Limited, has launched a Make to Order (MTO) service targeted at retail customers across its online and offline platforms. This initiative allows clients to have their jewellery crafted according to individual preferences, covering aspects such as design, metal choice, diamond specifications, and size. The company states that every piece will be manufactured against confirmed customer orders, aiming to offer a personalized buying experience while maintaining the established quality and craftsmanship standards of Mini Diamonds.The adoption of the Make to Order...

Elitecon International Outlines Business Recovery Roadmap as Banking Operations Restoration Progresses Elitecon International Limited (EIL), which trades on the BSE and NSE, has provided an operational update detailing progress toward stabilizing its banking functions and outlining a comprehensive business recovery roadmap. The company highlighted that recent developments relating to regulatory oversight represent an important step in enabling it to meet legitimate business obligations while ongoing proceedings continue.The update addressed the challenges faced by EIL due to restrictions placed on its banking operations. A timeline of key events includes:DateEvent SummaryMarch 30, 2026SEBI passed an interim order that...

Oil Surges Past $90 Amid Geopolitical Tensions; Metals Slip as Dollar Strengthens Commodity markets experienced significant volatility on July 20, with crude oil rallying robustly in response to geopolitical risks. Meanwhile, precious metals faced downward pressure, while the US dollar strengthened against a basket of global currencies.Crude Oil Hits Key Milestone Driven by Escalation Fears Brent crude saw a dramatic rally, surging 3.05% to reach $90.79 per barrel. This price milestone is particularly noteworthy as it represents the first time crude has crossed the $90 mark since June 11.The surge was fueled by escalating tensions involving the United States and Iran, which heightened concerns regarding global energy supply...

SG Finserve partners with BharatPe Money and Succesship Technologies to scale digital credit access for merchants SG Finserve Limited has launched a new digital lending solution aimed at expanding formal credit access for merchants by partnering with BharatPe Money and Succesship Technologies. This collaboration brings together industry expertise, technology, and distribution channels to provide eligible businesses with a seamless, fully digital, and paperless borrowing experience.The initiative involves SG Finserve (a Non-Banking Financial Company or NBFC), BharatPe Money (Resilient Digi Services Private Limited) as the Lending Service Provider (LSP), and Succesship Technologies Private Limited as the technology partner powering the...

Mobavenue AI Tech Launches Neural Engine Platform Amid Brand Transformation Mobavenue AI Tech Ltd., formerly known as Lucent Industries Limited, has approved two significant initiatives following a Board resolution passed on July 20, 2026. The company announced the launch of its proprietary artificial intelligence (AI) powered platform, Mobavenue Neural Engine, and detailed the adoption and phased implementation of its new corporate identity.The key outcomes approved by the Board include:AI Platform Launch: The debut of Mobavenue Neural Engine, which is described as an AI intelligence layer integrated within the company's existing advertising technology platform. Brand Transformation: The adoption and subsequent phased...

Smartworks Expands Engagement with L&T Technology Services, Adding 1,100 Seats in Pune Smartworks Coworking Spaces Limited has announced a significant expansion of its managed office engagement with L&T Technology Services (LTTS), adding over 1,100 seats in Pune. This move marks continued growth in the long-standing multi-city partnership, strengthening Smartworks' position within the enterprise segment.The addition means that LTTS’s entire portfolio of managed offices through Smartworks now exceeds 2,750 seats across various cities. The combined expected rental revenue from these locations is estimated at approximately INR 115 Cr. This includes the Pune expansion specifically, which accounts for around INR 55 Cr. over a tenure of 60...

GIFT Nifty Signals Cautious Start for Sensex, Nifty Amid $90 Oil Spike and Middle East Tensions Indian equities face a subdued opening as geopolitical instability drives crude oil prices above $90 per barrel. Global markets remain nervous despite strong buying seen by domestic indices on Friday. The ongoing international tensions are overshadowing the market sentiment, pushing investors to await company-specific performance during the June-quarter earnings season.GIFT Nifty Forecasts Muted Open for Indian Indices The outlook remains measured as GIFT Nifty traded at 24,305 around 8:00 am, showing a slight dip of 44 points or 0.18 percent. This suggests that the Nifty 50 may open marginally below Friday's closing level of 24,334.30...

Indo-MIM Sets Market Price Band at Rs 461–485 Amid Strong Growth Outlook as Mega IPO Nears Launch Indo-MIM Ltd., a leader in precision engineering using Metal Injection Molding (MIM) technology, has fixed the price band for its massive initial public offering (IPO). The Bengaluru-based manufacturer set the pricing at Rs 461 to Rs 485 per share for its subscription issue.The IPO is scheduled to open on July 23. Anchor investor bidding will commence on July 22, with the public subscription period running until July 27. Following allotment finalization on July 28, refunds and share credits are set for July 29, paving the way for listing on stock exchanges on July 30.IPO Structure and Listing Valuation The offering comprises a fresh...

Lohia Corp Targets ₹4,490 Crore Valuation as Technical Textiles IPO Opens Kanpur-based manufacturer Lohia Corp Ltd announced its Initial Public Offering (IPO), setting a price band of Rs 404-425 per share. The company is gearing up for the market debut with the issue opening on July 23. This pure Offer For Sale aims to raise up to Rs 1,102 crore, offering investors an opportunity to participate in a fast-growing industrial sector.The IPO schedule dictates that anchor investor bidding will commence on July 22. The subscription period runs until July 27, with the allotment basis being finalized on July 28. Shares are slated to be credited and listed on stock exchanges starting July 30.Global Dominance in Technical Textiles Machinery...

Pondy Oxides Shares Set for Stock Split: Crucial Deadline Looms for Retail Investors Pondy Oxides & Chemicals, a key player in lead alloys and plastic additives, has set a definitive date for its impending stock split. The company announced that July 21 (Tuesday) will serve as the record date for the corporate action. This means Monday is the last opportunity for interested investors to purchase the shares and be eligible for the two-for-five stock split.Under SEBI's T+1 settlement cycle, investors must acquire the shares at least one trading day before the record date. By purchasing the stock today, shareholders can ensure their holdings are credited to their demat accounts in time, making them eligible for this significant corporate...

Crude Oil Surges Above $90 on US-Iran Military Escalation: Geopolitical Tensions Ignite Global Market The global energy market witnessed a sharp rally as crude oil prices surged over 3%, breaching the critical $90-a-barrel level. This dramatic movement is directly attributed to escalating military attacks between the United States and Iran in the Middle East, which have significantly disrupted essential energy shipments through the Strait of Hormuz.Crude Oil Rallies on Regional Instability Brent crude futures gained $2.69, registering a 3.05% increase to reach $90.79 per barrel. This level represents the highest point for the commodity since June 11. The benchmark extended its momentum from last week's rally, where it saw a 15.9%...

Brent Surges Past $90 as US-Iran Conflict Intensifies, Global Markets Seek Safe Haven Amid Escalating Tensions The U.S. dollar showed moderate strengthening against global peers at the start of Asian trading on Monday. This advance comes as geopolitical tensions escalate in the Middle East following a breakdown in diplomacy between Washington and Tehran. Oil prices surged significantly, driven by mounting uncertainty and heightened risk aversion across financial markets.Crude Oil Prices React to Geopolitical Tensions Brent crude futures jumped 3.3%, reaching $90.97 a barrel at Asian trading. This sharp move follows reports that the U.S. had commenced a ninth consecutive night of attacks against Iran. Earlier, the United States...

Gold Slips as Oil Prices Surge Above $90 Amid Middle East Escalation and Rising Fed Rate Fears Spot gold prices dipped on Monday, driven by a surge in oil costs following an escalation of tensions in the Middle East. Brent crude surpassed the $90 per barrel mark, fueling inflation concerns and prompting calls from several U.S. Federal Reserve policymakers for interest rate hikes.Fundamental factors are now weighing heavily against the precious metal. Gold futures eased slightly on Monday, trading at $4,005.9, while spot gold was reported down 0.4% at $4,000.55 per ounce, continuing a trend that saw it post a 2.5% weekly loss after hitting a two-week low last Friday.Middle East Escalation and Oil Market Surge The surge in oil prices...

Brent Oil Surges Past $90 as US-Iran Escalation Intensifies Middle East Attacks Global Energy Markets React to Mounting Geopolitical Tensions Oil prices experienced a significant jump on Monday as geopolitical tensions in the Middle East intensified. The Brent crude future price rose sharply, surpassing the $90 mark per barrel. This surge was directly linked to expanded military actions by both the United States and Iran.Brent crude futures climbed $2.69, marking a 3.05% increase to reach $90.79 by 23:43 GMT. This level represents the highest trading has reached since June 11. The price movement continues an impressive streak, following a massive gain of 15.9% recorded in the previous week.Crude Futures and Market Movements West...

Brent Jumps Past $90 Amid Gulf Conflict Fears as AI Giants Face Profitability Test Asian markets traded cautiously on Monday, grappling with escalating geopolitical tensions in the Middle East. Oil prices surged sharply after continued military activity between the U.S. and Iran drove crude past the critical $90 per barrel mark for the first time in over a month. This volatile rally has reignited inflation concerns across global financial markets, setting the stage for a crucial earnings season that will test the sustainability of high-flying tech valuations.Oil Spike Fuels Inflation Fears Amid Geopolitical Tensions The sustained conflict in the Gulf region remains a primary driver of commodity volatility. Brent crude climbed 3% after...

NSE Valuation Smashed: Early Investors Chronicle Massive Gains and Hidden Risks Ahead of Billion-Crore IPO India’s unlisted shares market is experiencing a profound moment, shifting from a domain reserved for select investors to a subject commanding intense public scrutiny. The National Stock Exchange (NSE) has filed its Initial Public Offering (IPO), followed by Jio Platforms' draft papers. These two anticipated issues are collectively set to raise between Rs.60,000 and Rs.65,000 crore, intensifying the focus on this rapidly evolving sector.The frenzy is evident in the soaring valuations of unlisted shares. NSE’s unlisted price has more than tripled, climbing from approximately Rs.670 in July 2023 to around Rs.2,085 currently. The...

WABAG Secures Major 'Large' Order from BWSSB for Two Energy-Efficient Wastewater Treatment Facilities in Bengaluru VA Tech Wabag Limited (WABAG) has secured a significant contract from the Bangalore Water Supply and Sewerage Board (BWSSB) for the design, build, and operate (DBO) of two major energy-efficient wastewater treatment facilities in Bengaluru. This win reinforces WABAG's standing as a leading pure-play multinational water technology group in India.The project encompasses three key facilities: a 100 MLD Sewage Treatment Plant (STP) and a 25 MLD Tertiary Treatment Plant (TTP) at Byramangala, and a 60 MLD STP at Bellandur. The scope of work involves the complete EPC (Engineering, Procurement, Construction, and Commissioning) of...

Global Oil Shock: Market Jumps as US-Iran Escalation Grips Strait of Hormuz, Brent Breaks Key Resistance Oil prices accelerated sharply on Monday after heightened tensions between the United States and Iran led to increased military activity in the Middle East. The instability has severely curtailed energy shipments through the critical Strait of Hormuz, prompting a significant rally across global crude markets.Crude Markets Surge Amid Geopolitical Turmoil Brent crude futures saw a robust climb, rising $2.69 or 3.05% to reach $90.79 by 2343 GMT. This move extended strong momentum after Brent had gained 15.9% in the prior week, marking its largest weekly ascent since April.U.S. West Texas Intermediate crude followed suit, climbing up...