Markets

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...

NCLT Allows First Motion Application for Amalgamation of ADI BPO Services Limited with MPS Limited The National Company Law Tribunal (NCLT), Chennai Bench, has passed an order allowing the First Motion Application regarding the Scheme of Amalgamation between ADI BPO Services Limited (the Transferor Company) and MPS Limited (the Transferee Company). The order, issued on July 2, 2026, pertains to applications CA(CAA)/45(CHE)2026 and CA(CAA)/49(CHE)2026.The scheme involves the amalgamation of ADI BPO Services Limited into MPS Limited as a going concern. Under the proposed arrangement, the Transferee Company will issue and allot 1,16,90,615 equity shares of MPS Limited, each with a face value of INR 10, to the equity shareholders of ADI...

Zepto IPO Sees Massive Interest as Norges and Motilal Oswal Lead Anchor Book Bids Quick commerce giant Zepto is witnessing a significant surge in investor interest as its initial public offering (IPO) gains traction from prominent global and domestic players.Sources familiar with the developments have confirmed that the Norwegian sovereign wealth fund, Norges, and Motilal Oswal have submitted bids to participate in the funding round.These two heavyweights are expected to secure a significant portion of the debut offering, potentially covering between 40 percent and 45 percent of Zepto’s anchor book.While the IPO process remains ongoing, several other top mutual funds have expressed keen interest in placing bets on the quick...

Parsvnath Developers Limited Announces Resignation of Three Independent Directors Parsvnath Developers Limited has announced the resignation of three Independent Directors from its Board of Directors, effective July 14, 2026. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) as per an order dated April 30, 2026, issued by the National Company Law Tribunal, New Delhi Bench.The resignation of the directors follows the appointment of Mr. Manoj Kumar Anand as the Interim Resolution Professional (IRP) to manage the affairs of the Corporate Debtor as a going concern. The IRP remains in office as the Resolution Professional following a meeting held on June 10, 2026.Details of Resignations The three...

IFCI Ltd to Review Financial Results for Quarter Ended June 30, 2026 IFCI Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 11, 2026, to deliberate on and approve the company's financial performance. The primary agenda for this board meeting includes the review and approval of both the Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.In connection with the upcoming announcement of these financial results, the company has implemented a closure of the trading window. This measure will remain in effect until Thursday, August 13, 2026.The timeline for the corporate action is outlined below:EventScheduled DateBoard Meeting for Financial Results ReviewAugust 11, 2026...

Gandhi Special Tubes Limited Provides Web Link for Annual Report and AGM Notice Gandhi Special Tubes Limited has initiated a communication process to provide shareholders with access to the Annual Report for the financial year 2025-2026 and the notice of the 4th Annual General Meeting. This measure is specifically intended for members who have not registered their email addresses with the Company, the Registrar and Share Transfer Agent, or the Depositories.The company has issued a letter containing a specific web link to ensure all shareholders can access the necessary documentation. The details regarding the annual report are hosted on the official company website.Accessing Annual Report Details Shareholders can access the...

Jagsonpal Pharmaceuticals Completes Acquisition of 85% Stake in Aequitas Healthcare Private Limited Jagsonpal Pharmaceuticals Limited has successfully completed the acquisition of an 85% equity stake in Aequitas Healthcare Private Limited. This transaction follows a series of updates provided by the company regarding the proposed investment, which were initially announced on June 29, 2026, with subsequent progress reports shared on July 7, 2026, and July 8, 2026.The acquisition marks a significant milestone in the company's portfolio expansion as it secures the majority ownership in Aequitas Healthcare Private Limited. The completion of this transaction follows the formal proposal to acquire the specified equity stake, bringing the...

SKP Securities Ltd to Review First Quarter Financial Results in Upcoming Board Meeting SKP Securities Limited has scheduled a meeting of its Board of Directors to review and approve the company's un-audited financial results for the first quarter ending June 30, 2026.The board meeting is set to take place on Saturday, July 25, 2026, at 10:00 A.M. The proceedings will be held at BioWonder, Level 17, 789 Anandapur, EM Bypass, Kolkata.As part of the standard procedure surrounding the release of quarterly results, the trading window for dealing in the equity shares of SKP Securities Limited remains closed. This window is scheduled to reopen 48 hours after the financial results are made public.Stock Price Movement SKP Securities Ltd...

Shera Energy Limited Appoints Anil Rander as Additional Non-Executive Director Shera Energy Limited has announced the appointment of Mr. Anil Rander as an Additional Non-Executive Director of the company, effective July 17, 2026. The decision was finalized by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Mr. Rander joins the board with a mandate to provide strategic oversight in corporate finance, mergers and acquisitions, and corporate governance. He is appointed as an Additional Non-Executive Director liable to retire by rotation.Professional Background and Expertise Mr. Anil Rander is a Chartered Accountant who brings over 30 years of experience in diverse financial sectors...

Jindal Mobilitric to Begin Commercial Operations with R40 Electric Scooter Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited (JWL), is set to launch commercial operations for its first electric scooter, the R40. The move marks a strategic expansion into India’s growing electric vehicle sector as part of the company's diversification efforts into sustainable transportation.The R40 model was developed through internal research and development at Jindal Mobilitric. The scooter is designed to offer high performance, safety, and affordability, with a claimed range of 165 kilometres on a single charge. The vehicle is currently in the final stages of homologation, and the company anticipates starting commercial...

Om Infra Limited Emerges as Lowest Bidder for Rs. 482.27 Crores Water Resource Project in Rajasthan Om Infra Limited has secured the position of the Lowest Bidder (L1) for a significant water resource project in Rajasthan. The project, initiated by the Water Resource Department (WRD), Rajasthan, involves a major EPC Turnkey contract for the construction of a dam and the development of a pressurized irrigation network under the Andheri Medium Irrigation Project in the Baran District.The scope of the work includes the survey, design, construction, operation, and maintenance of the dam and the piped network canal system. The project is designed to irrigate the command area of the Andheri Medium Irrigation Project located in Tehsil...

WeWork India Management Limited Releases Q1 FY27 Earnings Call Recording WeWork India Management Limited has released the audio and video recordings of its earnings call for the first quarter of the fiscal year 2027. The call took place on July 17, 2026.The company has made these recordings available to the public through its official website. Interested parties can access the content via the investors relations section of the company's web portal. This release provides a record of the discussions and information shared during the quarterly earnings proceedings.WEWORK Stock Price Movement WeWork India Management Limited shares tumbled by 6.68% to settle at ₹677.95 today. The stock saw heavy activity with a turnover of 2.80 million...