Markets

Cube Highways Trust InvIT and Indo MIM IPOs Lead High-Profile Public Issues Opening This Week The upcoming week promises to be highly active in capital markets, headlined by the debut of a significant infrastructure investment trust and multiple technology firm IPOs. Four major public issues are set to open for subscription, ranging from real estate infrastructure investment trusts (InvIT) to specialized technology manufacturing and IT solutions providers.Cube Highways Trust InvIT Details and Transition Cube Highways Trust is slated to launch its Rs 5,000-crore InvIT public issue on July 22 and close the subscription process on July 24. The price band for this crucial listing has been fixed at Rs 151-152 per unit. Anchor investor...

KRW Unlocks Global Potential: South Korea Pushes Won as International Finance Adopts Local Currency Strengthening the Korean Won: New Financial Measures Announced South Korea is taking significant steps to elevate the Korean won (KRW) from a restricted local currency into a globally recognized international currency. The government, through its finance ministry, announced new measures intended to boost the adoption and usage of the won among foreign financial institutions. These strategic incentives aim to broaden the scope and confidence in the KRW across international markets.Boosting Foreign Access with Won-Denominated Instruments A key development involves allowing foreign financial institutions greater access to won instruments...

Sensex and Nifty Breakout on Strong Friday as Q1 Earnings Momentum Counters Global Tech Tumble Dalal Street concluded a volatile but bullish week, with benchmark indices rallying over 1% on Friday. This resilience in the domestic market is set against global tech downturns and geopolitical escalation in West Asia. Analysts indicate that the next few days will be pivotal, driven by both domestic earnings updates and international crude oil movements.Key Drivers Shaping Market Sentiment This Week The coming week promises to be highly dynamic for investors. A significant number of companies are due to announce their Q1 results, alongside intensifying conflicts in the Middle East which are sharply impacting commodity markets.The June...

TCS Drives Massive M-Cap Surge: Five Mega Firms Gain Rs 1.54 Lakh Crore as Indian Equities Extend Recovery Indian equity markets concluded the week on a stable note, with the market capitalisation (mcap) of five of the top ten most valued firms collectively jumping by Rs 1.54 lakh crore.This strong performance was significantly driven by TCS, which emerged as the biggest winner among these giants. The rally comes despite lingering global uncertainties regarding interest rates and elevated crude oil prices.Market Indices Rally Despite Global HeadwindsThe BSE benchmark Sensex gained 582.06 points, equating to a rise of 0.75 per cent.Meanwhile, the NSE Nifty recorded an increase of 127.4 points, or 0.52 per cent.These gains demonstrate...

Kospi Surges into Global AI Barometer Status as Chip Giants Drive Worldwide Risk Appetite For seasoned fund managers across London, New York, and Tokyo, monitoring South Korea's equity market has become a critical daily ritual. Once viewed as a peripheral market by many global investors, the $4 trillion Korean equity market is now offering crucial early insights into risk appetite for AI-driven swings. This dramatic shift in focus is being largely driven by major players like Samsung Electronics and SK Hynix, whose stock movements ripple across international chip stocks.The Tightening Link Between Seoul and Global Tech The correlation between Asian sentiment and US tech performance has intensified dramatically. Data compiled by...

Sigma Advanced Systems Completes Preferential Allotment of Equity Shares, Boosts Paid-Up Capital Sigma Advanced Systems Limited has completed the allotment of equity shares on a preferential basis for consideration in cash. The allotment followed a resolution passed by the Board of Directors on July 18, 2026.The company approved the allotment of a total of 13,256,470 equity shares to the allottees, as approved during the Extra Ordinary General Meeting held on June 28, 2026. The details of this transaction are as follows:MetricDetailsTotal Equity Shares Allotted13,256,470Face Value per Share₹10/-Issue Price per Share₹347/-Premium per Share₹337/-Aggregate Transaction Value₹459,99,95,090The allotment was executed...

Global Markets Navigate Extreme Risk as Gulf Escalation Drives Surge in Oil Prices The global commodities landscape faces immense complexity, balancing geopolitical turmoil against signals of macroeconomic relief. A week marked by relentless military exchanges and the suspension of a peace framework has thrust commodity markets into their most volatile state since the conflict's onset. This instability is sharply juxtaposed with moderating US inflation data and a surprisingly bullish performance in oil futures.Geopolitical Tensions Drive Crude Oil Rally and Commodity Uncertainty Crude oil posted its strongest weekly gain since April, soaring nearly 15 percent to five-week highs of $88.3 for Brent and $82.7 for WTI barrels. This...

CBI Conducts Search and Seizure at Reliance Infrastructure Limited Office Central Bureau of Investigation (CBI) has concluded a search and seizure operation conducted at the registered office premises of Reliance Infrastructure Limited. The operation focused on transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited.The CBI completed the search and seizure operation following the investigation into alleged contraventions. According to company statements, Reliance Infrastructure Limited and its officials have fully cooperated with the investigating authority and committed to continued cooperation throughout the process.A summary of the situation regarding the investigation is provided below...

Shah Foods Announces Major Management Appointments, Name Change to Tandhan Energies and Office Shift to West Bengal Shah Foods Limited has proposed a series of significant corporate resolutions, including the appointment of multiple key directors, a change in company name, and the shifting of its registered office from Gujarat to West Bengal. These strategic moves reflect the company's transition toward a new business focus, supported by recent investments into a subsidiary.The company is seeking members’ approval through a remote e-voting process for resolutions related to governance, corporate restructuring, and major transactions. The voting period is scheduled to run from July 19, 2026, until August 17, 2026.New Leadership and...

Dr. Som Nath Sachdeva Appointed as Additional Independent Director on NTPC Limited Board NTPC Limited has approved the appointment of Dr. Som Nath Sachdeva as an Additional Director (Independent Director) on its Board. The appointment was made through a resolution passed by circulation and is effective from July 18, 2026.The Board’s decision follows the Order No. 8/4/2020-Th.-1(Part-III)(276348) dated July 17, 2026, issued by the Ministry of Power, Government of India. Dr. Sachdeva holds a Ph.D. in Civil Engineering with specialization in Transportation Engineering and brings over three decades of experience in academia, research, and consultancy to the role.Dr. Som Nath Sachdeva will serve as an Additional Director for a period of...

Vivek Nishant Nath Appointed Director (Commercial) on NMDC Steel Limited Board NMDC Steel Limited has appointed Shri Vivek Nishant Nath as Director (Commercial), effective from July 15, 2026, following an order issued by the Ministry of Steel, Government of India. The appointment is for a term of five years or until further orders, whichever occurs earlier.Shri Nath joins the NMDC Steel Limited board, bringing over three decades of experience in the mining and metals industry. His expertise spans international commercial operations, procurement, logistics, sales, marketing, and supply chain management. Shri Nath began his professional journey with NMDC in 1992, spending nearly fifteen years serving the company in various commercial...

Aarti Drugs Limited Receives Closure Directive for Amines Manufacturing Unit from GPCB Aarti Drugs Limited has received a closure direction from the Gujarat Pollution Control Board (GPCB) regarding its manufacturing operations of Amines at a plant located in Bharuch, Gujarat. The directive mandates the closure of these specific operations due to non-compliances identified during an inspection by the GPCB.The company received the Closure Directions letter on July 18, 2026. This directive, issued under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974, mandates the closure of the Amines manufacturing operations at the plant situated in Plot No. DP-94 to DP-96, Saykha Industrial Estate, Dist. Bharuch, Gujarat. The...

Reliance Power Targeted in CBI Search Operation Over Financial Transactions Reliance Power Limited has been subject to a search and seizure operation conducted by the Central Bureau of Investigation (CBI) at its registered office premises. The investigation, which is now concluded, pertains to transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited.The company affirmed that it has fully cooperated with the investigating CBI authority and stated that it will continue doing so.According to details released regarding the matter, the search operation was conducted by the Central Bureau of Investigation (CBI). The action focused on alleged violations or contraventions related to transactions involving...

Lohia Corp IPO Opens: See How This Technical Textiles Giant Plans to Seize 40% Market Share Kanpur-based machinery manufacturer Lohia Corp is set to launch its maiden public issue, aiming to attract institutional interest on July 23. The company, a leader in the technical textiles industry, will be offering shares through an Offer for Sale (OFS) component. This IPO marks the third mainboard listing scheduled for that date, alongside Indo-MIM and Xtranet Technologies.The subscription window is set to run from July 23 to July 27. The company has confirmed that this issue will be solely a selling event; there is no provision for fresh shares. All funds generated by the sale of equity shares will go directly to the selling shareholders...

Federal Bank Allots Equity Shares Following Exercise of Stock Options Under Employee Schemes The Federal Bank Limited has completed the allotment of equity shares to Option Grantees following the exercise of stock options under various Employee Stock Option Schemes (ESOS and ESIS). The allotments, which were approved by the Nomination, Remuneration, Ethics and Compensation Committee, concern four distinct schemes.All the specified allotments were executed on July 18, 2026, after the payment of money by the respective allottees. All the allotted equity shares carried a face value of Rs. 2/- each.The details regarding the allotment under the different employee stock option schemes are presented below:Stock Option SchemeDate of...

Univastu India Limited Allots 17,43,399 Equity Shares Pursuant to Warrant Conversion; Capital Increases Univastu India Limited has approved the allotment of 17,43,399 fully paid-up equity shares to eligible warrant holders. This decision was made following a Board meeting held on July 17, 2026, and completes the process initiated from the initial issuance of convertible warrants.The allotment concerns the conversion of warrants that were originally issued on January 17, 2025, at an issue price of ₹216 per warrant. Each warrant is convertible into one fully paidup equity share with a face value of ₹10, contingent upon the holder paying the balance of 75% of the issue price within the specified timeframe.The allotment was carried out...

Shah Foods Ltd Seeks Members' Approval for Name Change, Key Appointments and Strategic Office Shift Shah Foods Ltd has commenced a significant restructuring process, seeking approval from its members through a Postal Ballot concerning major corporate changes, executive appointments, and strategic shifts. The company, which is undergoing a transformation into a new line of business, introduced the resolutions on July 18, 2026, with the remote e-voting period scheduled to run from Sunday, July 19, 2026, until Monday, August 17, 2026.The proposed agenda items before the members cover the appointment of several directors and senior management personnel, as well as approvals for strategic corporate actions including a name change and...

Kotak Mahindra Bank Resumes Unsecured Lending Growth: Prioritizes Asset Quality Over Rapid Expansion Business Segments Return to Growth in June Quarter Kotak Mahindra Bank announced a strong return of growth across several key lending businesses during the June quarter. This includes credit cards, personal loans, unsecured business loans, and microfinance. All these segments have shown improved performance on both sequential and year-on-year metrics.Group Chief Financial Officer Devang Gheewalla emphasized that while growth is returning, the bank has no intention to rush its expansion. He stated that unsecured business lending requires careful balance. The strategy must ensure good growth while maintaining proper credit costs and...

Monarch Surveyors Secures Contract to Prepare Detailed Project Reports for State Highways in Madhya Pradesh Monarch Surveyors and Engineering Consultants Limited has secured a significant contract involving consultancy services for infrastructure development in Madhya Pradesh. The company received a Letter of Acceptance (LOA) from the Madhya Pradesh Road Development Corporation Limited.The project entails providing Consultancy Services for Preparation of Detailed Project Reports (DPRs). These DPRs are designated for various road and bridge projects, including ROBs (Road Over Bridges), Bridges, Flyovers, Bypasses, and Selected Stretches of State Highways within the state of Madhya Pradesh.The total value of this project contract is...

NMDC Ltd Appoints Shri Vivek Nishant Nath as Director (Commercial) NMDC Limited has appointed Shri Vivek Nishant Nath as Director (Commercial), effective July 15, 2026. The appointment is for a period of five years from his assumption of charge or until earlier orders are issued.Shri Nath joins NMDC with significant experience in the mining and metals industry, holding over three decades of expertise across sales, marketing, international commercial operations, procurement, logistics, and supply chain management. There were no disclosures regarding relationships between Shri Nath and other existing Directors on the Board.Experience and Professional Credentials Shri Nath's professional journey includes nearly fifteen years at NMDC...