Markets

United Heat Transfer Limited Receives Show Cause Notice from Maharashtra GST Department United Heat Transfer Limited has received a Show Cause Notice (SCN) from the State Tax Officer, Department of Goods and Services Tax, Government of Maharashtra. The notice, dated July 13, 2026, was received by the company via email on July 17, 2026, at approximately 9:50 a.m.The notice proposes the blocking of Input Tax Credit (ITC) under Rule 86A of the CGST/MGST Rules, 2017. This action pertains to ITC related to the financial year 2024-25, which the GST Authority has deemed inadmissible.Details of Alleged Violations The authority issued the notice on the grounds that the company allegedly availed inadmissible Input Tax Credit totaling Rs...

Sirca Paints India Limited Announces Final Dividend for Financial Year Ended March 31, 2026 Sirca Paints India Limited has announced a final dividend for the financial year ended March 31, 2026. The Board of Directors has recommended a dividend of ₹ 2/- per equity share, representing a 20% yield on the par value of ₹ 10/- per share.The dividend is intended for members who are on the record as of July 31, 2026. This declaration is subject to approval by the members during the Annual General Meeting scheduled for August 11, 2026. The company has stated that the dividend will be distributed within 30 days from the date of the Annual General Meeting.The details regarding the dividend and the upcoming meeting are as follows...

EID Parry India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 E.I.D. Parry (India) Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report is a core component of the Company's Annual Report for the fiscal year 2025-26 and outlines the entity's operational footprint, employee statistics, and environmental stewardship initiatives.Operational Overview and Business Activities The Company operates across a diverse portfolio of business segments, with sugar and distillery products forming the primary revenue drivers. The breakdown of turnover by activity is as follows:Description of Main ActivityDescription of Business...

Power Grid Corporation of India Limited Wins Bid for Synchronous Condenser Project Power Grid Corporation of India Limited has been declared the successful bidder under the Tariff Based Competitive Bidding process to establish an Inter-State Transmission System. The project involves the installation of 2 Synchronous Condensers (SynCon) units at the 765/400/220kV Fatehgarh-II PS.The project will be executed on a Build, Own, Operate and Transfer (BOOT) basis. This initiative includes the installation and commissioning of the two SynCon units alongside associated bays at the Fatehgarh-II PS location.Power Grid Corporation of India Limited received the Letter of Intent for this project on July 17, 2026.POWERGRID Stock Price Movement...

Authum Investment & Infrastructure Limited Secures NCLT Approval for Creatoz Builders Acquisition Authum Investment & Infrastructure Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for a Resolution Plan to acquire Creatoz Builders Private Limited. The acquisition pertains to the entity that was undergoing a Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016.The NCLT order was uploaded to the Insolvency and Bankruptcy Board of India (IBBI) website on July 16, 2026. This approval follows an earlier announcement made by the company on October 10, 2024.Creatoz Builders Private Limited is a private limited company incorporated under the...

Sirca Paints India Limited to Convene 21st Annual General Meeting on August 11, 2026 Sirca Paints India Limited has announced the details for its upcoming 21st Annual General Meeting (AGM). The Board of Directors of the company met on July 17, 2026, to deliberate and approve several key corporate matters, including the adoption of the annual report and the scheduling of the shareholder meeting.The Board reviewed and approved the Annual Report for the financial year ended March 31, 2026. Following this review, the company authorized its Company Secretary and Compliance Officer to organize the official proceedings for the upcoming AGM.The 21st Annual General Meeting is scheduled to take place on Tuesday, August 11, 2026, at 12:30 P.M...

Bajel Projects Limited Reports Turnover of Rs 2,79,157.52 Lakhs for FY 2025-26 Bajel Projects Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report highlights a total turnover of Rs 2,79,157.52 lakhs, reflecting the company’s position as a significant player in the power infrastructure and Engineering, Procurement, and Construction (EPC) sectors.Operational Overview and Market Presence Bajel Projects Limited operates across four primary business verticals: Power Transmission, Power Distribution, Monopoles, and International EPC. The company provides turnkey EPC solutions for Extra High Voltage (EHV) transmission lines and substations, with a...

NDTV Extends Timeline for GoodTimes Channel Acquisition New Delhi Television Limited has provided an update regarding its proposed acquisition of the business undertaking involving the 'GoodTimes' Channel from Lifestyle & Media Broadcasting Limited.The transaction is currently undergoing discussions concerning specific transaction-related matters. Following these ongoing negotiations, the company now expects to complete the acquisition within a further period of approximately 3 months.The completion of this transaction remains subject to the receipt of necessary statutory and regulatory approvals, alongside the fulfillment of customary conditions precedent.NDTV Stock Price Movement New Delhi Television Limited shares on Friday...

Bharti Hexacom Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Bharti Hexacom Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, which forms an integral part of the company's Annual Report for the same period, provides a comprehensive overview of the entity's environmental, social, and governance (ESG) performance, operational footprint, and workforce dynamics.The report highlights the company's activities in the information and communication sector, specifically focusing on wireless telecommunication activities which account for 95.93% of its turnover. The corporate reporting remains on a standalone basis for Bharti Hexacom...

Markolines Pavement Technologies Limited Receives Listing and Trading Approval on NSE and BSE Markolines Pavement Technologies Limited has received official listing and trading approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited. The company is authorized to list and trade 1,62,800 Equity Shares with a face value of Rs. 10 each on the Main Board of both exchanges.The listing and trading of these shares will commence on Monday, July 20, 2026. The company stated that this development serves as a significant milestone intended to enhance its market presence, strengthen investor outreach, and support long-term value creation.Listing Details and Share Allotment The approved listing includes equity shares...

The Bombay Burmah Trading Corporation Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 The Bombay Burmah Trading Corporation Limited (BBTCL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report provides a comprehensive overview of the corporation's environmental, social, and governance (ESG) initiatives, operational metrics, and sustainability commitments across its three primary manufacturing divisions: Plantation-Tea, Auto Electric Components Business (Electromags), and Health Care Division (Dental Products of India).Operational Overview and Workforce The Corporation operates across 19 locations, including 9 plants and 10 offices...

MITCON Consultancy & Engineering Services Limited Announces Incorporation of New Step-Down Subsidiary for Power Trading MITCON Consultancy & Engineering Services Limited has announced the incorporation of a new wholly owned subsidiary, MITCON Power Trading Limited. The entity is being established to facilitate business expansion within the power trading sector.The new entity is a step-down subsidiary of MITCON Consultancy & Engineering Services Limited. It was incorporated by MITCON Sun Power Limited, which is a wholly owned subsidiary of the ultimate holding company. This strategic move is intended to drive growth for the parent group by expanding its operational footprint in power trading.MITCON Power Trading Limited was...

Torrent Pharmaceuticals Limited Announces Dissolution of Philippines Subsidiary Torrent Pharmaceuticals Limited has announced the voluntary dissolution of its wholly owned subsidiary, Curatio Inc., which is domiciled in the Philippines. The dissolution became effective as of July 10, 2026.The company received formal communication regarding the dissolution on July 17, 2026. The entity was dissolved through a shortening of the term of existence via an amendment in the Articles of Incorporation.Financial Contribution and Scale During the financial year ending March 31, 2026, Curatio Inc. contributed a negligible amount to the consolidated figures of the company. The subsidiary reported zero turnover for the period. Regarding net worth...

United Heat Transfer Limited Receives Show Cause Notice from GST Department United Heat Transfer Limited has received a Show Cause Notice (SCN) from the State Tax Officer of the Department of Goods and Services Tax, Government of Maharashtra. The notice pertains to the fiscal year 2025-26 and was received by the company on July 17, 2026, via email at approximately 9:50 a.m.The communication from the GST Authority involves a proposal to block Input Tax Credit (ITC) under Rule 86A of the CGST/MGST Rules, 2017. The notice specifically addresses ITC amounting to Rs. 2,75,412/- for the fiscal year 2025-26, which the authority has deemed inadmissible.According to the details provided in the notice, the issuance is based on allegations...

Dr. Lal PathLabs Limited Secures Favorable Appellate Order from Income Tax Department Dr. Lal PathLabs Limited has received a favorable appellate order from the Income Tax Department regarding an assessment order dated March 31, 2024. The company received the formal communication on July 17, 2026, following the filing of an appeal against the initial assessment.The Commissioner of Income Tax (Appeals) issued the appellate order under section 250 of the Income Tax Act, 1961. The ruling is in favor of the company, successfully upholding the company's position on specific tax deductions.Key Details of the Appellate Order The successful appeal pertains to the deduction claimed by the company regarding Employee Stock Option Plan (ESOP)...

Anupam Rasayan India Limited Acquires 100% Stake in Mates Visa Consultancy Private Limited Anupam Rasayan India Limited has completed the acquisition of 1,000 equity shares in Mates Visa Consultancy Private Limited, making the entity a wholly-owned subsidiary of the company. The transaction, finalized on July 17, 2026, involved the purchase of 100% of the paid-up equity share capital of the target company.The acquisition was executed through Form SH-4 with the sellers and is part of a broader group restructuring exercise aimed at structurally rationalizing the company's investments. Notably, the acquired entity will serve as a person acting in concert (PAC) with Anupam Rasayan India Limited for the proposed acquisition of equity...

Torrent Pharmaceuticals Receives ESG Ratings from Crisil ESG Ratings and Analytics Torrent Pharmaceuticals Limited has received independent environmental, social, and governance (ESG) ratings from Crisil ESG Ratings and Analytics Limited.The ratings were assigned to evaluate the company's ESG performance. Under the assessment, the company secured a rating of 'Crisil ESG 66' and a Core ESG rating of 'Crisil Core ESG 74'.The evaluation was conducted independently by Crisil ESG Ratings, which is a SEBI registered ESG Rating Provider.TORNTPHARM Stock Price Movement Torrent Pharmaceuticals Limited shares tumbled 4.82% on Friday to settle at ₹4,763.00. The stock saw a significant sell-off during the session, with 1.40 million shares...

Dr. Lal PathLabs Receives Favorable Appellate Order from Income Tax Department Dr. Lal PathLabs Limited has received a favorable appellate order from the Income Tax Department regarding an assessment order dated March 31, 2024. The company received the appellate order on July 17, 2026, which was issued by the Commissioner of Income Tax (Appeals).The appellate order, dated July 16, 2026, follows an appeal filed by the company against the initial assessment. The authority ruled in favor of the company, allowing a deduction claimed on account of ESOP Expenses.Key Details of the Appellate OrderParticularsDetailsName of the authorityCommissioner of Income Tax (Appeals), Income Tax DepartmentNature and details of the action(s)...

DCM Shriram Limited Signs Agreement with Serentica Renewables for 58 MW Renewable Power Project DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 Private Limited to develop a 58 MW peak hybrid renewable energy power project. The project is primarily intended to support the company's energy-intensive operations at its Bharuch facility in Gujarat.Upon completion, this initiative will increase DCM Shriram’s total renewable energy capacity to 176 MW (peak) across its two sites in Bharuch and Kota. The project is expected to be commissioned by June 2027.Under the terms of the agreement, DCM Shriram Limited will invest up to Rs. 105 crores in one or more tranches to acquire a minimum 26% equity...

Oberoi Realty Announces Strong Growth in Q1FY27 Financial Results Oberoi Realty Limited has announced its financial results for the first quarter of FY27, showcasing significant growth across its consolidated revenue and profit metrics compared to the same period in the previous fiscal year.The company reported a Consolidated Revenue of Rs. 1,361.69 crore for Q1FY27, showing an increase over the Rs. 1,073.98 crore recorded in Q1FY26. The growth is reflected in the company's Profit Before Tax (PBT) and Profit After Tax (PAT) figures as well.Financial Performance Overview The following table outlines the consolidated financial performance of Oberoi Realty Limited for the first quarter:MetricQ1FY27Q1FY26RevenueRs. 1,361.69...