Markets

Asian Tea & Exports Ltd Receives Closure of Investigation Report from West Bengal Authorities Asian Tea & Exports Limited has received a report from the Deputy Commissioner of State Tax, Bureau of Investigation (South Bengal), H.Q., Government of West Bengal, confirming the closure of the investigation process following an inspection initiated under the West Bengal Goods and Service Tax Act, 2017.The inspection was originally initiated on November 21, 2025, at the registered office and place of business of the company under section 67(1) of the West Bengal Goods and Service Tax Act, 2017, read with rule 139(1) of the West Bengal Goods and Service Tax Rules, 2017. The company received the formal closure report on July 17, 2026...

Niva Bupa Health Insurance Reports Business Responsibility and Sustainability Performance for FY 2025-26 Niva Bupa Health Insurance Company Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report details the company's commitments to responsible business conduct, emphasizing a strategy built on sound governance, customer-centricity, people-focused practices, and environmentally responsible operations.Operational Overview and Scale Niva Bupa operates exclusively in the non-life insurance sector, specifically providing health, personal accident, travel, and corporate insurance services. The company maintains a significant national presence with 210 offices...

Tata Technologies Profit Surges to ₹180 Crore as Strategic Partnerships and AI Initiatives Fuel Growth Global product engineering and digital services leader Tata Technologies Ltd has reported a steady growth trajectory for the June quarter. The company announced a 6.2 per cent rise in consolidated profit after tax, reaching Rs 180.75 crore during the period.This performance marks a notable increase from the Rs 170.28 crore reported in the corresponding quarter of the previous fiscal year. The growth highlights the company's ability to navigate operational complexities while maintaining profitability.Robust Revenue Expansion and Expense Dynamics The financial results underscore a significant jump in scale for the firm. Consolidated...

MakeMyTrip Set to Launch Massive Billion-Dollar India IPO via Confidential Filing Route MakeMyTrip Limited has officially confirmed its intention to list its Indian subsidiary on the domestic stock exchanges. The travel tech giant filed a pre-filed draft red herring prospectus with SEBI, BSE, and NSE on July 17 through a confidential filing route.The listing will occur on the main board of the stock exchanges for MakeMyTrip (India) Limited. While the company has not yet disclosed the specific size of the issue, market reports suggest the mega offering is expected to exceed $1 billion.Strategic Partnership and Advisory Framework Internal reports indicate that the proposed initial public offering is likely to consist of an offer for...

Xtranet Technologies Set to Launch Rs 170-Crore Mainboard IPO Next Week Madhya Pradesh-based IT solutions provider Xtranet Technologies is preparing to debut on the public markets with its upcoming initial public offering (IPO). The company will launch its mainboard listing next week, marking a significant milestone for the technology services firm.The total issue size is slated at Rs 170 crore and consists entirely of a fresh issue. Notably, there is no offer-for-sale (OFS) component included in this offering, indicating that all proceeds will go directly into the company's capital base.IPO Timeline and Subscription Details The public subscription window is scheduled to open on July 23 and will remain open until July 27...

RBI Slaps Dhani Loans and Services Limited with Monetary Penalty Over NPA Classification Lapses The Reserve Bank of India (RBI) has officially imposed a monetary penalty on Dhani Loans and Services Limited following a regulatory audit. The enforcement action stems from the company's failure to adhere to specific mandates regarding asset classification protocols.The RBI issued the penalty notice on July 15, 2026, after identifying significant discrepancies in how the firm managed its loan portfolio. This move highlights the central bank’s ongoing commitment to maintaining stringent oversight over non-banking financial entities.Regulatory Breach in Asset Classification The statutory inspection was initiated by the RBI to evaluate the...

Jaykay Enterprises Ltd Defers Rights Issue Decisions Pending Stock Exchange Approvals Jaykay Enterprises Limited has announced that its Rights Issue Committee has deferred the consideration of key parameters regarding the proposed issuance of Partly Paid-up Equity Shares. The decision follows a scheduled meeting on July 17, 2026, which was intended to finalize several core components of the rights issue.The committee was originally slated to determine the specific Issue Price, the Entitlement Ratio, and other operational modalities for the rights issue. These matters were to be addressed following the Board of Directors' approval granted during their meeting on July 13, 2026.However, the company has stated that it has not yet...

RailTel Corporation of India Ltd Reports New Arbitration Litigation with 3i Infotech Limited RailTel Corporation of India Limited has reported a new legal dispute involving an arbitration tribunal regarding a Wi-Fi Monetization Project. The litigation involves M/s 3i Infotech Limited as the claimant and RailTel Corporation of India Limited as the respondent.The dispute pertains to the competitive bidding process of RailTel's Wi-Fi Monetisation Project. According to the company, RailTel terminated the contract in accordance with the terms and conditions specified in the tender. Following this termination, M/s 3i Infotech Limited initiated arbitration proceedings against the company.The financial details regarding the claims and...

STL Launches Advanced FTTH Solution CONCAT to Expand Optical Connectivity Portfolio in the US STL Optical Connectivity NA, LLC (STLOC), a US subsidiary of Sterlite Technologies Ltd (STL), has launched its new advanced Fiber-to-the-Home (FTTH) solution, CONCAT. The product launch follows successful field trials conducted on the networks of one of the largest telecom service providers in the United States.The CONCAT solution is designed for digital infrastructure providers who require faster fiber rollouts with reduced deployment complexity and labor requirements. According to the company, the solution enables up to 71% in labor cost savings by eliminating the majority of field splicing. This is achieved through factory-assembled...

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...