Markets

Nasdaq Futures Plunge 2% as Chip Stock Selloff Triggers Global Market Turbulence Nasdaq 100 futures tumbled as much as 2 percent on Friday as a synchronized global selloff in chip stocks accelerated. Investors are actively cutting exposure to the high-performing companies that spearheaded this year's rally, citing growing concerns over stretched valuations.S&P 500 futures were down 0.84 percent, while Dow Jones Industrial Average futures declined 0.56 percent. These figures point toward a significantly weak opening for Wall Street as the tech sector faces intense pressure.The bearish sentiment was clearly mirrored across Asian markets today. Japan's Nikkei 225, China's SSE Composite, and Hong Kong's Hang Seng index all ended their...

RBI Slaps Penalty on Muthoot Vehicle and Asset Finance Limited Over KYC Compliance Lapses The Reserve Bank of India (RBI) has officially imposed a monetary penalty on Muthoot Vehicle and Asset Finance Limited due to significant regulatory non-compliance. The action follows a rigorous supervisory review of the company's adherence to mandated guidelines.The regulator issued the order on July 13, 2026, following an investigation into the firm's operational procedures. The penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) was levied under specific sections of the Reserve Bank of India Act, 1934.Statutory Inspection and Regulatory Oversight The enforcement action stems from a statutory inspection conducted by the RBI...

Panth Infinity Limited to Change Corporate Name to Panth Infra Limited Panth Infinity Limited has initiated a formal process to undergo a corporate name change. The Board of Directors approved the proposal to transition the company name from Panth Infinity Limited to Panth Infra Limited.The new identity remains subject to the availability of the name and final approval from the Central Registration Centre (CRC) under the Ministry of Corporate Affairs. The transition will require official clearance from the members of the company, the Registrar of Companies, and other relevant statutory and regulatory authorities.The decision was finalized during a Board of Directors meeting held on July 17, 2026. Following the approval, the company...

NTPC to Review Quarterly Results and Proposed Fund Raising in Upcoming Board Meeting NTPC Ltd has scheduled a meeting of its Board of Directors on July 24, 2026, to deliberate on the company's financial performance for the quarter ended June 30, 2026, and to discuss a significant proposal for raising funds.The board will review the un-audited financial results for the quarter ending June 30, 2026, following an evaluation by the Audit Committee of the Board. This review serves as a primary agenda item to assess the company's operational and financial standing during the period.In addition to reviewing quarterly performance, the board will consider the issuance of non-convertible debentures (NCDs) to raise capital. The proposed...

ATVO Enterprises Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 ATVO Enterprises Limited (formerly known as Vandana Knitwear Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The company’s Board of Directors reviewed and approved the financial statements during a meeting held on July 17, 2026.The financial results indicate that the company maintained a steady profit margin despite fluctuating operational costs. For the quarter ending June 30, 2026, the company reported a net profit after tax of 4.54 lakh. This follows a profit of 5.09 lakh for the period ending March 31, 2026.The company’s total income from operations stood at 86.94 lakh for the June quarter...

Ahasolar Technologies Limited Secures Consultancy Order from Coal India Limited Ahasolar Technologies Limited has announced the receipt of a significant work order from Coal India Limited for providing consultancy services related to a Battery Energy Storage System (BESS) project. The contract involves providing Owner's Engineer-cum-Engineering Consultancy services for pre-award and post-award engineering for an EPC project located at the 400/220 kV Sub-Station in Choutuppal, Telangana.The scope of the project encompasses a 187.5 MW / 750 MWh Battery Energy Storage System. The consultancy services are expected to be executed over a period of 15 months.The total consideration for the consultancy contract is valued at more than Rs. 35...

Purity Flexpack Ltd to Convene Board Meeting on July 25, 2026 Purity Flexpack Ltd has scheduled a meeting of its Board of Directors to be held on Saturday, July 25, 2026. The meeting is set to take place at 11:00 a.m. at the company's location in Vanseti, Nr. Baska, Halol, Gujarat.The board will deliberate on several key operational and corporate matters, including the scheduling of the 38th Annual General Meeting (AGM) for the Financial Year 2025-26. The meeting will also address the closure dates for the register of members and transfer books specifically for the purpose of the upcoming AGM.Key agenda items scheduled for discussion include:Agenda ItemDescriptionAnnual General MeetingFixing the day, time, and date of the...

Indong Tea Company Limited Receives Closure of Investigation Report from West Bengal Tax Authorities Indong Tea Company Limited has received a formal report confirming the closure of an investigation process initiated by the Government of West Bengal. The report was issued following an inspection conducted under the West Bengal Goods and Service Tax Act, 2017.The investigation was initiated on November 21, 2025, at the registered office and place of business of the company. The Deputy Commissioner of State Tax, Bureau of Investigation (South Bengal), H.Q., Government of West Bengal, conducted the inspection process which concluded with the issuance of the closure report received by the company on July 17, 2026.Investigation Findings...

Nilkamal Limited Reports Significant Growth in Non-Plastic Furniture Segment for FY 2025-26 Nilkamal Limited has reported a successful financial year 2025-26, highlighted by a strategic shift in its product portfolio and steady growth across both B2B and B2C business segments. During the Annual General Meeting held on July 17, 2026, Chairman Sharad V. Parekh detailed the company's operational performance, highlighting how the firm navigated global supply chain uncertainties and rising raw material costs through strategic pricing and operational measures.A significant milestone for the company was the successful diversification into non-plastic furniture, mattresses, and foam products. For the first time, sales from these categories...

Continental Securities Ltd to Consider Allotment of 4,00,000 Equity Shares via Warrant Conversion Continental Securities Ltd has scheduled a Board of Directors meeting on July 21, 2026, to deliberate on a significant issuance of equity shares. The meeting is set to take place at 10:00 A.M. at the company's registered office located in Jaipur, Rajasthan.The primary agenda for the meeting involves the proposed allotment of 4,00,000 equity shares. These shares are to be issued through the conversion of 4,00,000 warrants into equity shares on a preferential basis. The proposal targets an allottee belonging to the promoter category and is contingent upon the receipt of the remaining consideration for the warrants.The details of the...

Duke Offshore Ltd Reports Net Loss for Quarter Ended June 30, 2026 Duke Offshore Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss for the period, reflecting a challenging operational environment despite a reduction in certain expenditure heads compared to the same period last year.The company's total income for the quarter stood at Rs. 5.96 Lakhs, representing a decline from the Rs. 6.50 Lakhs reported in the quarter ended June 30, 2025. Total expenses for the current period were recorded at Rs. 34.02 Lakhs, down from Rs. 46.06 Lakhs in the previous year's corresponding quarter.The financial performance of Duke Offshore Limited is detailed in the table below...

India's Forex Reserves Surge as RBI Reports $675.15 Billion Valuation India's foreign exchange reserves witnessed a significant boost during the week ended July 10, according to the latest data released by the Reserve Bank of India (RBI) on Friday.The central bank reported that the nation's forex kitty jumped by $964 million, reaching a total of $675.15 billion. This growth follows a period of substantial volatility in the country's external assets.Recent Growth Trajectory in Foreign Currency Assets This latest uptick follows a notable spike earlier in the month where reserves surged by $7.26 billion to reach $674.193 billion during the week ended July 3.A critical driver of this growth remains foreign currency assets, which saw...

Cochin Shipyard Appoints New Part-time Official Nominee Directors Cochin Shipyard Limited has announced the appointment of two new Part-time Official (Nominee) Directors to its Board of Directors, effective July 17, 2026. The appointments were made by the Ministry of Ports, Shipping and Waterways (MoPSW), Government of India.The newly appointed directors are Shri Mukesh Mangal ITS, who serves as Additional Secretary in the MoPSW, and Smt. Anupama T. V. IAS, who serves as Secretary of the Transport Department, Government of Kerala. They replace Shri Venkatesapathy S IAS, Joint Secretary, MoPSW, and Shri P.B Nooh IAS, former Special Secretary, Transport Department, Government of Kerala.The changes to the board took effect on July 17...

Jammu & Kashmir Bank Ltd Signs Share Purchase Agreement with MetLife International Holdings, LLC Jammu and Kashmir Bank Limited has entered into a Share Purchase Agreement (SPA) with MetLife International Holdings, LLC for the sale of shares. The agreement was executed on July 17, 2026.Under the terms of the agreement, the bank will sell 1,02,47,348 equity shares to MetLife International Holdings, LLC. These shares represent 0.50% of the paid-up share capital of PNB MetLife. The transaction is being conducted at a price of ₹117.20 per equity share, bringing the total aggregate value of the sale to ₹120,09,89,186.The shares involved in this transaction are fully paid-up equity shares, each carrying a face value of INR 10 and one vote...

Tata Technologies Reports Strong Growth and Resilient Margins for Q1 FY27 Tata Technologies Limited has announced its financial results for the quarter ended June 30, 2026, highlighting significant year-on-year growth in operating revenues and a robust performance in its services segment. The company entered the fiscal year 2027 with an operating revenue increase of 33.8% compared to the previous year.The results reflect a constructive demand environment and strong execution across the company's strategic growth areas. Tata Technologies reported steady EBITDA margins despite the evolving macroeconomic backdrop, supported by disciplined operational efficiency and a diversified business portfolio.Financial Performance Highlights The...

Nucleus Software Exports Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Nucleus Software Exports Ltd has scheduled a meeting of its Board of Directors on July 30, 2026, to deliberate on and approve the company's financial performance for the quarter ending June 30, 2026.The primary agenda for the board meeting includes the review and adoption of both standalone and consolidated financial results. The official declaration of these financial results will occur following the conclusion of the proceedings on July 30, 2026.Item to be ReviewedReporting PeriodAudited Standalone Financial ResultsQuarter ending June 30, 2026Audited Consolidated Financial ResultsQuarter ending June 30, 2026NUCLEUS Stock Price...

Parsvnath Developers Limited Announces Resignations of Three Independent Directors Parsvnath Developers Limited has announced the resignation of three independent directors, effective July 14, 2026. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal, New Delhi Bench, dated April 30, 2026.The company manages its ongoing affairs as a going concern under the leadership of Manoj Kumar Anand, who serves as the Interim Resolution Professional and Resolution Professional. The corporate actions are being managed in accordance with the Insolvency and Bankruptcy Code, 2016.Details of Resignations The following independent directors have resigned from...

Shree Balaji Mala IPO Sees 27% Grey Market Premium Surge Ahead of July 22 Debut The grey market premium (GMP) for the upcoming SME IPO of Shree Balaji (Mala) Textiles Ltd. has witnessed a significant breakout, currently trading at a robust 27 percent over the upper price band. This surge in demand comes as investors position themselves ahead of the public issue opening scheduled for July 22.Data sourced from Investorgain and IPO Watch indicates that unlisted shares are commanding a healthy premium of Rs 19 in the grey market. As of July 17, this translates to an expected listing gain of 27 percent, reflecting a strong positive sentiment toward the Kolkata-based textile player's debut on the BSE SME platform.IPO Structure and...

RBL Bank Reports 27% Year-on-Year Growth in Net Profit for Q1 FY27 RBL Bank Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a significant increase in profitability and operational efficiency during the period, supported by a substantial capital infusion from Emirates NBD Bank (P.J.S.C).The Board of Directors approved the results during a meeting held on July 17, 2026. The performance highlights a robust growth trajectory in net profit and operating profit, alongside improvements in cost to income ratios and asset quality metrics.Financial Performance Highlights For the first quarter of FY27, RBL Bank recorded a net profit of 254 crore, representing a 27% year-on-year...

Tata Technologies Announces Financial Results for the Quarter Ended June 30, 2026 Tata Technologies Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved the results, which include a limited review report by statutory auditors, during a meeting held on July 17, 2026.The company reported a steady performance across its business segments, primarily driven by its Services and Technology Solutions divisions. For the quarter ended June 30, 2026, the Group recorded revenue from operations of ₹1,664.63 crore, compared to ₹1,572.22 crore for the quarter ended March 31, 2026.Consolidated Financial Performance On a consolidated basis, Tata...