Markets

SEBI Overhauls Mutual Fund Transmission Process to Simplify Claims for Families of Deceased Investors The Securities and Exchange Board of India (SEBI) has announced a significant regulatory shift aimed at simplifying the process for claiming mutual fund units and proceeds following the death of a unit holder.This initiative serves as an investor-friendly measure to mitigate operational challenges that families often face during the transmission process. SEBI has directed the Association of Mutual Funds in India (AMFI) to streamline standards specifically to protect and safeguard investor interests.The updated guidelines ensure that the transition of assets is handled with greater ease while maintaining regulatory integrity. These...

Dr. Lal PathLabs Receives Favorable Appellate Order Regarding ESOP Expenses Dr. Lal PathLabs Limited has received a favorable appellate order from the Income Tax Department regarding an assessment order issued on March 31, 2024. The decision follows an appeal filed by the company against the original assessment.On July 17, 2026, the company received the appellate order dated July 16, 2026, from the Commissioner of Income Tax (Appeals). The authority has allowed the company's appeal and decided the matter in its favor.The favorable ruling pertains to the deduction claimed on account of Employee Stock Option Plan (ESOP) expenses. The appellate order confirms that a deduction of INR 32,66,18,927 is allowed for the company.The details...

DCM Shriram Limited Enters Agreement with Serentica Renewables for 58 MW 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 initiative is primarily aimed at supporting the company's energy-intensive operations in Bharuch, Gujarat.Upon the completion of this project, DCM Shriram’s total renewable energy capacity will reach 176 MW (peak) across its facilities in Bharuch and Kota. The project is scheduled for commissioning by June 30, 2027.Investment and Ownership Structure The company will invest up to Rs. 105 crore in one or more tranches to acquire a minimum 26% equity stake in Serentica...

Hindustan Oil Exploration Company Limited Receives Tax Penalties for IGST Non-Payment Hindustan Oil Exploration Company Limited has received two separate orders from the State Tax Officer, (Legal & Adjudication), Chengalpattu Intelligence Division, Chengalpattu, involving penalties related to the non-payment of Integrated Goods and Services Tax (IGST) under the Reverse Charge Mechanism.The issues pertain to legal services received by the company from outside India during specific financial periods. The company has stated that the financial implications of these orders are not material and do not impact its financial position or ongoing operations.Penalty Details and Order Timelines The company received two distinct orders involving...

Absolute Projects Secures SEBI Nod for IPO as EPC Firm Eyes Massive Expansion Absolute Projects (India) has officially received the green light from the Securities and Exchange Board of India (SEBI) to launch its initial public offering. The engineering, procurement, and construction (EPC) specialist is now cleared to move forward with its debut listing on Indian capital markets.The approval follows a meticulous review process that began after the company filed its draft red herring prospectus (DRHP) in March 2026. With SEBI's observations finalized on July 17, the Noida-based firm is now positioned to file the formal red herring prospectus (RHP) with the Registrar of Companies.IPO Structure and Listing Strategy The upcoming public...

Jio Platforms Profit Surges 9% to Rs 7,764 Crore as ARPU Hits Rs 215.6 Ahead of Massive IPO Jio Platforms, the telecom and digital services powerhouse under Reliance Industries (RIL), reported a significant financial turnaround for the April-June quarter of FY27. The company saw its net profit climb 9% year-on-year to reach Rs 7,764 crore, up from Rs 7,110 crore during the same period last year.This growth comes at a pivotal moment as the telecom giant prepares for one of India's largest-ever initial public offerings (IPOs). The company demonstrated robust operational strength with revenue from operations jumping nearly 12% year-on-year to Rs 39,173 crore.Robust EBITDA Expansion and Margin Gains The company’s EBITDA witnessed a...

Wall Street Plummets as Chip Selloff Triggers Broad Risk-Off Sentiment Wall Street extended its decline on Friday as a pullback on stocks associated with the AI boom morphed into a broader risk-off sentiment. Semiconductor shares initially spearheaded the selloff before the downward pressure spread across the wider market.All three major U.S. stock indexes closed lower for the day and posted weekly losses. The Philadelphia SE Semiconductor Index endured its steepest weekly loss in over a year, having tumbled nearly 18% so far in July.Despite this recent volatility, the index remains up approximately 65% year-to-date. This significantly outpaces the S&P 500, which has seen a nearly 9% gain over the same period.Chip Fatigue and AI...

NLC India Renewables Sets Stage for IPO as SBI Capital, HDFC Bank Join Book Runner Lineup NLC India Renewables Ltd (NIRL), a subsidiary of the state-owned powerhouse NLC India, has officially appointed four prominent investment banks to lead its upcoming initial public offering.The appointment includes heavyweights SBI Capital Markets and HDFC Bank as book running lead managers for the high-profile listing.To complete the quartet, NIRL selected IIFL Capital Services and IDBI Capital Markets & Securities following a board-approved, structured, and competitive selection process.Strategic Growth and India's Clean Energy Mandate The proposed IPO is designed to fortify the capital base of NIRL while fueling its long-term growth...

DIIs Propel Markets as Net Inflows Hit ₹1,018 Crore Amid Cooling FII Selling Spree Domestic institutional investors (DIIs) acted as a critical pillar of support for Indian equities on July 17, injecting significant liquidity into the domestic markets. According to provisional exchange data, DIIs purchased shares worth ₹1,017.89 crore during the session.This steady domestic buying came at a time when foreign institutional investors (FIIs) continued their streak as net sellers. FIIs offloaded equities worth ₹376.41 crore during the trading period, maintaining a cautious stance on Indian indices.Analysis of Institutional Trading Dynamics and Flow Trends The sheer scale of domestic participation was evident in the underlying transaction...

NLC India Renewables IPO Gains Momentum as SBI Capital and HDFC Bank Join Book Running Lineup State-owned enterprise NLC India has officially appointed a powerhouse quartet of investment banks to lead the book running process for its subsidiary, NLC India Renewables Ltd (NIRL), as it prepares for an initial public offering.The high-profile appointments include SBI Capital Markets and HDFC Bank, alongside IIFL Capital Services and IDBI Capital Markets & Securities. These firms were selected following a structured and competitive board-approved process to manage the upcoming listing of NIRL's equity shares on recognized Indian stock exchanges.Strategic Strengthening of Capital Base for Renewable Growth The proposed IPO is designed to...

Damodar Industries Limited to Hold 38th Annual General Meeting on August 8, 2026 Damodar Industries Limited has announced that its 38th Annual General Meeting (AGM) is scheduled to take place on Saturday, August 08, 2026. The meeting will commence at 11:30 A.M. (IST) and will be conducted through Video Conferencing (VC) facilities and other Audio Visual Means (OAVM).The company has initiated a communication process to reach shareholders who do not have registered email addresses with the Company, Registrar & Transfer Agent (RTA), or Depository Participants. This initiative ensures that all members can access essential corporate information, specifically the Annual Report for the Financial Year 2025-26.The Annual Report and related...

Asian Hotels (East) Limited Subsidiary to Acquire Hyatt Regency Mumbai Hotel Asian Hotels (East) Limited has announced that its wholly owned subsidiary, Novak Hotels Pvt Ltd, based in Mumbai, has exercised a buy option to acquire the Hyatt Regency Mumbai hotel.The transaction was executed under the Framework Agreement dated August 11, 2023, which was subsequently amended. The acquisition involves the purchase of the property from Asian Hotels (West) Ltd, headquartered in New Delhi.This strategic move marks a significant operational update for the group as it expands its footprint through the Novak Hotels Pvt Ltd entity.AHLEAST Stock Price Movement Asian Hotels (East) Limited shares rallied on Friday to settle at ₹148.88, surging...

HCLTech Launches Global Technology Center in GIFT City to Drive AI Solutions HCLTech has announced the launch of its new Global Technology Center located in GIFT City, Gujarat. The facility is designed to deliver AI-led solutions to HCLTech’s global clientele within the financial services industry. Beyond client services, the center will function as a strategic hub for developing next-generation technology solutions and fostering talent development.The inauguration of the facility was attended by Shri Harsh Sanghavi, Hon'ble Deputy Chief Minister of Gujarat, C Vijayakumar, CEO & Managing Director of HCLTech, and Shri Sanjay Kaul (IAS), Managing Director & Group CEO of GIFT City.Strengthening Industry-Academia Collaboration To...

TD Power Systems Ltd Announces Record Date for Final Dividend and Annual General Meeting TD Power Systems Limited has announced the record date to determine the members eligible to receive the final dividend for the financial year ended March 31, 2026. This entitlement is subject to the approval of the final dividend recommended by the Board of Directors at the upcoming Annual General Meeting.The company has established Wednesday, August 05, 2026, as the cutoff date for determining shareholder eligibility. The proceedings will be conducted in conjunction with the 27th Annual General Meeting of the company.The details regarding the record date and the specific security involved are outlined in the table below:BSE Scrip CodeNSE...

SEBI Announces Landmark Expansion of SWP and STP Facilities for Demat Mutual Fund Units The Securities and Exchange Board of India (SEBI) has issued a significant circular to streamline the investment experience for retail and institutional investors alike. The regulator has officially announced the extension of standing instruction facilities for Systematic Withdrawal Plans (SWP) and Systematic Transfer Plans (STP) specifically for Mutual Fund units held in demat form.This move addresses a notable gap in the current regulatory framework where such automated instructions were not previously available for demat holdings. By enabling these features, SEBI aims to enhance ease of doing business while providing investors with greater...

Indian Emulsifiers Limited Secures Significant Export Orders Worth 700,621 USD Indian Emulsifiers Limited has secured two significant export orders from a leading American customer, showcasing the company's position as a trusted global supplier of specialty chemicals. The orders are for specialty chemical products and reflect the technical expertise and product quality maintained by the company in the international market.The transaction involves an international entity based in the USA. The company has stated that these contracts are for immediate execution. The order size is valued at 700,621 USD (approximately Rs. 6,74,56,130 excluding applicable taxes).The company confirmed that neither the promoter group nor any associated...

Jindal Hotels Ltd to Review First Quarter Financial Results in Upcoming Board Meeting Jindal Hotels Ltd has scheduled a meeting of its Board of Directors to be held on July 24, 2026. The primary agenda for this meeting includes the consideration and approval of the company's unaudited financial results for the first quarter of the financial year 2026-27, which ended on June 30, 2026.In connection with the review of these financial results, the company has maintained a closed trading window for designated persons and their immediate relatives. This restriction applies from July 1, 2026, and will remain in effect until 48 hours after the financial results are made public. During this period, any purchase, sale, or other dealing in the...

Bloom Dekor Ltd Sets Record Date for Share Capital Reduction Under Approved Resolution Plan Bloom Dekor Limited has announced the determination of a record date to facilitate the cancellation and reduction of its existing share capital. This action follows a resolution plan approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench, on June 18, 2026.The company's Board of Directors has designated Friday, July 31, 2026, as the official record date. This date will be used to identify shareholders whose equity shares are subject to reduction or extinguishment in alignment with the approved resolution plan.The implementation of this capital reduction will proceed according to the specific terms outlined in the NCLT approved...

Safari Industries (India) Limited Appoints Aditya Bhargava as Vice President Finance and Accounts Safari Industries (India) Limited has announced the appointment of Mr. Aditya Bhargava as Vice President Finance and Accounts. The appointment is effective from July 17, 2026, and he joins the leadership team as part of the company's senior management.Mr. Bhargava brings extensive professional experience to the role, with over 22 years of expertise spanning Finance, Accounts, Commercial, and Procurement functions across various industries. He is a qualified Chartered Accountant and holds a B.Com Honors degree from Delhi University.Professional Background and ExperiencePrior to joining Safari Industries (India) Limited, Mr. Bhargava...

NCLT Sanctions Demerger Scheme for India Glycols Limited The National Company Law Tribunal (NCLT), Allahabad Bench at Prayagraj, has officially sanctioned the Scheme of Arrangement involving India Glycols Limited, Ennature Bio Pharma Limited, and IGL Spirits Limited. The order was pronounced on July 17, 2026.The approved scheme involves the demerger of specific business undertakings from India Glycols Limited into two separate entities. Under the terms of the arrangement, the Bio Pharma Undertaking is being transferred to Ennature Bio Pharma Limited (Resulting Company 1), while the Spirits and Biofuel Undertaking will be transferred to IGL Spirits Limited (Resulting Company 2).The restructuring was executed in accordance with the...