Markets

Cool Caps Industries Limited to Migrate to NSE Main Board and List on BSE Cool Caps Industries Limited has announced a significant structural shift in its listing status. During a board meeting held on July 18, 2026, the company approved the migration of its listing from the EMERGE Platform of the National Stock Exchange of India Limited (NSE) to the NSE Main Board.In tandem with this migration, the company also approved the direct listing of its equity shares on the Main Board of the Bombay Stock Exchange (BSE). This dual move marks a transition for the company as it seeks a broader presence on the primary exchanges.The board has authorized the issuance of a notice of postal ballot to seek member approval for both the migration to...

Axis Bank Profits Surge 23% to ₹7,114 Crore as Asset Quality Improves Axis Bank has reported a robust financial performance for the April-June quarter of FY27, showcasing a significant 23 percent year-on-year rise in standalone net profit. The private sector lender posted a profit of ₹7,114 crore, marking a substantial leap from the ₹5,806 crore recorded during the same period last year.This growth was primarily propelled by steady operating performance and an improving asset quality profile. The bank demonstrated its operational strength with core operating profits rising 10 percent year-on-year to reach ₹11,122 crore.Robust Growth in Net Interest Income and Fee Revenue The bank's bottom line was supported by a rise in net interest...

Vedanta Resources Limited Group Announces Significant Share Encumbrances for Vedanta Iron And Steel Limited GLAS Agency (Hong Kong) Limited, acting as the agent under a comprehensive facility agreement, has disclosed the creation of encumbrances over equity shares of Vedanta Iron and Steel Aluminium Limited (VISL). The transaction is linked to a substantial financial commitment aggregating US$ 1,000,000,000.The arrangement involves Vedanta Resources Limited (VRL) and its direct and indirect subsidiaries, including Twin Star Holdings Ltd (TSHL), Welter Trading Limited (Welter), Vedanta Holdings Mauritius Limited (VHML), Vedanta Holdings Mauritius II Limited (VHMLII), and Vedanta Netherlands Investments B.V (VNIBV). The facility...

Vedanta Power Limited Announces Creation of Encumbrances Under US$ 1 Billion Facility Agreement Vedanta Power Limited, formerly known as Talwandi Sabo Power Limited (VPL), has disclosed the creation of encumbrances over its equity shares following a significant financial facility agreement. The transaction involves an agreement dated July 15, 2026, for a total commitment aggregating US$ 1,000,000,000.The arrangement was executed between Twin Star Holdings Ltd (TSHL) as the borrower, and Vedanta Resources Limited (VRL), Vedanta Holdings Mauritius II Limited (VHMLII), and Welter Trading Limited as guarantors. Citigroup Global Markets Asia Limited and Standard Chartered Bank acted as arrangers, while Citibank, N.A., Hong Kong and...

Vedanta Aluminium Metal Limited Announces Creation of Encumbrances Under Facility Agreement Vedanta Aluminium Metal Limited (VAML) has reported a significant development regarding the creation of encumbrances over its equity shares. This action follows a facility agreement dated July 15, 2026, involving a total commitment of US$ 1,000,000,000.The transaction was executed among several parties, including Twin Star Holdings Ltd (TSHL) as the borrower, and Vedanta Resources Limited (VRL), Vedanta Holdings Mauritius II Limited (VHMLII), and Welter Trading Limited as guarantors. Citigroup Global Markets Asia Limited and Standard Chartered Bank served as arrangers, while Citibank, N.A., Hong Kong and Standard Chartered Bank acted as the...

Vedanta Oil and Gas Limited Announces Creation of Encumbrance Under Facility Agreement Vedanta Oil and Gas Limited (VOGL), formerly known as Malco Energy Limited, has announced the creation of an encumbrance over its equity shares. The action stems from a facility agreement dated 15 July 2026, involving a total commitment aggregating US$ 1,000,000,000.The arrangement was executed among Twin Star Holdings Ltd. as the borrower, and Vedanta Resources Limited (VRL), VHMLII, and Welter as guarantors. Citigroup Global Markets Asia Limited and Standard Chartered Bank acted as the arrangers, while Citibank, N.A., Hong Kong and Standard Chartered Bank served as the original lenders. GLAS Agency (Hong Kong) Limited acts as the agent and...

Shree Karthik Papers Limited Confirms Zero Share Encumbrances as of June 2026 Shree Karthik Papers Limited has confirmed that its promoters held no encumbered or pledged shares during the quarter ended June 30, 2026. The company reported that there were no direct or indirect encumbrances made on the equity shares held by the promoters during this period.The reporting pertains to the promoter holding of 1,42,41,700 equity shares, which represents a 74.52% stake in the company. The data confirms that as of June 30, 2026, the number of encumbered or pledged shares remains at zero.The details of the promoter holdings are outlined in the table below:DescriptionDetailsTotal Equity Shares Held by Promoters1,42,41,700Promoter...

Shree Karthik Papers Limited Reports No Non-Convertible Debt Securities Issued for Quarter Ended June 30, 2026 Shree Karthik Papers Limited has confirmed that the company has not issued any non-convertible debt securities as of the period ending June 30, 2026. Consequently, the company stated that there is no requirement for the appointment of a Company Secretary, Compliance Officer, or Share Transfer Agent specifically for debt securities for the quarter ended on that date.The company clarified its standing regarding the issuance of debt instruments to maintain clarity on its current financial structure and regulatory obligations. Because no non-convertible debt securities have been issued to date, the administrative positions...

Chemplast Sanmar Reports Fire Incident at Karaikal Facility Chemplast Sanmar Ltd has reported a minor fire incident that occurred at its Ethylene-Di-Chloride (EDC) manufacturing plant located in Karaikal, Puducherry. The incident took place on the morning of July 17, 2026, at approximately 10:30 AM.The company confirmed that there were no injuries or casualties resulting from the fire. Operations at the EDC plant have been disrupted as a result of the event. The company is currently in the process of assessing the impact on equipment, instruments, and electrical installations within the facility.Management stated that measures are being taken to restore operations at the plant as quickly as possible. Further updates will be provided...

Gujarat Narmada Valley Fertilizers & Chemicals Ltd to Review First Quarter Financial Results Gujarat Narmada Valley Fertilizers & Chemicals Limited has scheduled a Board of Directors meeting on Wednesday, August 05, 2026. The primary agenda for the meeting is the consideration and approval of the Unaudited Financial Results for the first quarter ended on June 30, 2026.The company has established a timeline for the disclosure of these financial results, which will provide insight into its operational performance during the initial quarter of the fiscal period.Trading Window Status In connection with the upcoming announcement of the quarterly results, the company has maintained a closed trading window for all Designated Persons as...

SIS Limited Acquires Additional Stake in Updater Services Limited SIS Limited has announced the acquisition of an additional 6,53,960 equity shares of Updater Services Limited (UDS). This transaction marks a further expansion of the company's investment portfolio in line with its established investment policy.The acquisition was completed on July 17, 2026, for a total cash consideration of INR 12.67 crore. Following this latest purchase, SIS Limited now holds an aggregate position of 44,55,390 equity shares in UDS, which represents a 6.65% stake in the paid-up equity share capital of the target entity.Updater Services Limited is an integrated business services platform that operates within the Integrated Facilities Management (IFM)...

Primary Market Heatwave: 5 IPOs Set to Open as SBI Funds Management Aims for Blockbuster Listing The Indian primary market is bracing for a high-octane week as five new IPOs open for subscription. Investors will be navigating a diverse landscape featuring heavyweights in the mainboard segment alongside several SME issues.The activity follows a period of intense demand in the public issue space, highlighted by the massive interest in the SBI Funds Management IPO. Market participants are now shifting their focus to upcoming debutants and the listing performance of recent offerings.Mainboard Heavyweights: Xtranet Technologies and Cube Highways Trust InvIT Xtranet Technologies is scheduled to open its Rs 166.8 crore mainboard IPO for...

Oil Prices Surge to Monthly Highs as US-Iran Conflict Escalates and Red Sea Closure Looms Oil prices soared more than 4% on Friday to reach their highest levels in over a month, driven by intensifying hostilities between the United States and Iran. The market responded sharply to a series of retaliatory strikes across the Gulf and escalating threats to global shipping lanes.Brent crude futures settled $3.87, or 4.59%, higher at $88.10 a barrel. Simultaneously, U.S. West Texas Intermediate (WTI) futures climbed $3.54, or 4.48%, to reach $82.49. Both benchmarks hit their highest points since mid-June.For the weekly period, both benchmarks recorded significant gains of about 16%. Brent is currently on track for its third consecutive...

Gold Faces Massive Weekly Slide as Iran Tensions Fuel Inflation Fears and Rate Hike Worries Gold prices struggled to maintain momentum on Friday as the precious metal remained on track for its most significant weekly decline since early June. While spot gold managed a 1% gain to reach $4,011.29 per ounce by 2:20 p.m. EDT (1820 GMT), it hit its lowest levels since June 30 during the session.The weekly performance remains pressured with prices down approximately 2.6% so far for the week. U.S. gold futures for August delivery showed some resilience, settling 0.7% higher at $4,018.80 amid a volatile trading environment.Geopolitical Tensions and Rising Energy Costs Pressure Bullion Escalating tensions between the United States and Iran...

Xtranet Technologies Set to Debut on Mainboard with ₹166.8 Crore IPO Next Week Xtranet Technologies has officially announced its initial public offering (IPO) dates, marking a significant addition to the current mainboard issuance calendar. The company is set to debut next week as it seeks to tap into public markets for its technology and services portfolio.The subscription window for the Xtranet Technologies IPO will open on July 23 and remain open until July 27. The company has established a price band of ₹120-127 per share for its offering.Following the subscription period, the allotment process is expected to be finalized on July 28. Investors can anticipate refunds or the credit of shares on July 29, with a tentative listing...

Shoppers Stop Receives Medium ESG Rating for Financial Year 2025-26 Shoppers Stop Limited has received an Environmental, Social, and Governance (ESG) rating from SES ESG Research Private Limited (SES ESG) for the Financial Year 2025-26. The assessment was finalized in a report received by the company on July 17, 2026.Under the evaluation conducted by SES ESG, Shoppers Stop was assigned an ESG score of 67.2. This score places the company within the "Medium" category of the ESG rating framework.The assessment was performed independently by SES ESG based on publicly available information regarding the company's operations and performance for the Financial Year 2025-26. The company did not engage SES ESG to perform these specific...

Univastu India Limited Allots 18,19,800 Equity Shares Following Warrant Conversion Univastu India Limited has approved the allotment of 18,19,800 fully paid-up equity shares of face value Rs. 10 each to eligible warrant holders. The decision follows a board meeting held on July 17, 2026, where the company finalized the conversion of convertible warrants issued on a preferential basis.The allotment pertains to 6,83,000 convertible warrants originally issued on January 17, 2025, at an issue price of Rs. 216 per warrant. Each warrant was convertible into one fully paid-up equity share upon the payment of the remaining 75% of the issue price within a specified period.The company previously underwent a bonus issue in a ratio of 2:1 on...

Gold Rates Steady as Buyers Track Latest 22K and 24K Prices Across Major Retailers Gold prices remained a primary focus for investors and consumers today, Saturday, July 18, 2026. Market participants are closely monitoring the latest pricing for 22-carat and 24-carat gold across prominent jewellery brands to gauge current purchasing opportunities.The prevailing rates provide a snapshot of the metal's performance in key metropolitan hubs including New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore, and Bengaluru. These figures reflect the most recent updates as of 9:30 am today.Tanishq Maintains Consistent Pricing for 22K Gold Tanishq has maintained its pricing for 22k gold jewellery at Rs 13,110 per gram. This...

Cipla Limited Reports USFDA Inspection at InvaGen Manufacturing Facility Cipla Limited has confirmed that the United States Food and Drug Administration (USFDA) conducted a routine current Good Manufacturing Practices (cGMP) inspection at an InvaGen Pharmaceuticals Inc. manufacturing facility. The facility is located in Central Islip, Long Island, New York, USA.The inspection took place over a five day period from July 13, 2026, to July 17, 2026 (EDT). InvaGen Pharmaceuticals Inc. is a wholly owned subsidiary of Cipla Limited.Following the conclusion of the inspection, the company received one inspectional observation issued in Form 483. The company stated that it intends to work closely with the USFDA to address this observation...

Indian Pharma Sector Poised for Double-Digit Growth in Q1FY27 Driven by Domestic Demand Surge The Indian pharmaceutical industry is preparing for a robust performance in the upcoming fiscal cycle, anchored by resilient domestic demand and a resurgence in the Contract Development and Manufacturing Organization (CDMO) segment.A recent report by 360 ONE Capital highlights a projected 10 per cent year-on-year revenue growth for 1QFY27. This growth is expected to be spearheaded by strong domestic performance and expanding opportunities in specialized therapies like GLP-1.Domestic Market and CDMO Segment Growth Engines The brokerage expects the domestic market to witness a healthy 12.7 per cent year-on-year growth, reaching Rs 272 bn...