Markets

Poonawalla Fincorp Reports 20.8% QoQ Growth in Profit for Quarter Ended June 30, 2026 Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC specializing in consumer and MSME finance, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant rise in profitability, with Profit After Tax (PAT) climbing to ₹ 308 crore in Q1FY27, representing a 20.8% growth compared to the ₹ 255 crore recorded in Q4FY26.The company maintained an Assets Under Management (AUM) position of ₹ 67,054 crore. Net Interest Income (NII), which includes fees and other income, grew by 10.9% QoQ to reach ₹ 1,415 crore. During the same period, the Return on Assets (RoA) strengthened to...

Manipal Hospitals Slashes IPO Valuation to $8.3 Billion Amid Global Market Turbulence Manipal Health Enterprises Ltd., the prominent operator of the Manipal Hospitals chain, is reportedly revising its valuation downward for its upcoming initial public offering.The company is now seeking a valuation of approximately Rs 80,000 crore ($8.3 billion) for the listing. This move marks a significant pivot from the $10 billion to $12 billion range originally floated in April.Market sources indicate that the revision reflects a more cautious investor sentiment currently pervading large public offerings. This shift comes as heightened tensions in the Middle East continue to spark turbulence across global financial markets.Strategic Valuation...

Jindal Mobilitric to Commence Commercial Operations of R40 Electric Scooter in July 2026 Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited (JWL), is set to begin commercial operations with its inaugural electric scooter, the R40. This move marks a strategic expansion into India's rapidly growing electric vehicle (EV) sector.The R40 has been developed through internal research and development at Jindal Mobilitric. The scooter features a claimed range of 165 kilometres on a single charge and is designed to balance performance, safety, and affordability for Indian consumers.The vehicle is currently in the final stages of homologation. The company expects to begin commercial dispatches starting in July 2026...

Bata India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Bata India Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. The report provides a comprehensive overview of the company's operational impact on the economy, environment, and society, highlighting its commitment to sustainable development.Operational Overview and Market Presence Bata India Limited operates as a major retailer in the footwear industry. The company’s business activities are divided between retail trading (78.1% of turnover) and wholesale trading (21.9% of turnover). Footwear products account for 93% of the entity's total turnover.The company...

Transteel Seating Technologies Limited Secures Modular Furniture Order from CBRE South Asia Transteel Seating Technologies Limited has secured a domestic order for the supply of modular furniture from CBRE South Asia Pvt Ltd. The contract involves the provision of furniture solutions and is scheduled for completion within a 40 day timeframe.The company received the order for an amount of Rs. 39,54,522 excluding taxes. According to the terms of the agreement, neither the promoters nor any group companies hold any interest in the entity that awarded the contract. Additionally, the transaction does not fall under the category of a related party transaction.The key details of the contract are outlined in the table below...

Transteel Seating Technologies Limited Secures Modular Furniture Order from CBRE South Asia Transteel Seating Technologies Limited has secured a new business order for the supply of modular furniture. The contract was awarded by domestic entity CBRE South Asia Pvt Ltd.The transaction involves an order value of Rs. 39,54,522 (excluding taxes). The company is expected to complete the execution of this contract within a timeframe of 40 days as per the agreed contractual timeline.The following table provides a summary of the contract details:CategoryDetailsClient EntityCBRE South Asia Pvt LtdNature of OrderModular FurnitureContract TypeDomesticTotal ConsiderationRs. 39,54,522 (Excluding taxes)Completion Timeline40...

B2B Software Technologies Limited Announces Quarterly Financial Results and Key Leadership Changes B2B Software Technologies Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a profit for the period, reflecting steady performance across its Information Technology and related services segments.Financial Performance Overview For the quarter ended June 30, 2026, the company reported a standalone revenue from operations of 364.98 lakh. The net profit for the period stood at 63.10 lakh compared to 9.97 lakh in the quarter ended March 31, 2026.On a consolidated basis, the company reported revenue from operations of 738.99 lakh. The consolidated profit for the period was 91.61...

B2B Software Technologies Ltd Announces Quarterly Financial Results and Leadership Changes B2B Software Technologies Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a net profit of Rs. 63.10 Lakhs on a standalone basis for the three-month period ending June 30, 2026.On a consolidated basis, the company recorded a profit of Rs. 91.61 Lakhs for the same period. The financial results were reviewed by the statutory auditors and approved by the Board of Directors during their meeting held on July 17, 2026.Financial Performance Overview The following table summarizes the standalone financial performance of B2B Software Technologies Limited for the quarter ended June 30...

Everest Industries Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Everest Industries Ltd has scheduled a meeting of its Board of Directors to be held on July 27, 2026. The primary agenda for the session includes the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The company remains in a period of restricted trading activity following the closure of its trading window. The Trading Window for dealing in the shares of Everest Industries Ltd remains closed from July 1, 2026, to July 29, 2026, including both dates.EVERESTIND Stock Price Movement Everest Industries Limited shares today slipped by 0.66% to settle at ₹487.55 in post-market...

Eveready Industries India Ltd Releases Business Responsibility and Sustainability Report for FY 2025-26 Eveready Industries India Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report provides a comprehensive overview of the company’s operations, including its commitment to environmental stewardship, social responsibility, and ethical governance.The data highlights a diverse product portfolio primarily focused on consumer goods, with dry cell batteries accounting for 65% of total turnover. The company maintains a significant domestic presence in India while also expanding its global footprint across nine international countries.Operational and Market Reach During...

Shapoorji Pallonji Group Secures Massive ₹215 Billion Funding Boost to Refinance Debt India's prominent industrial conglomerate, Shapoorji Pallonji Group (SP Group), has successfully finalized a long-delayed fundraising exercise to stabilize its financial position.Sources confirmed on Friday that the group accepted bids totaling ₹215 billion ($2.25 billion) for a three-year rupee bond issue. This significant liquidity injection is primarily intended to refinance the group's existing debt obligations.Strategic Structure of the Rupee Bond Issue The funding was orchestrated through an internal investment mechanism where one SP Group entity invested in another to facilitate the transaction. The group successfully closed the subscription...

Nifty Seesaw as Markets Remain Indecisive Despite Early Gains The Indian equity markets faced a period of extreme volatility and uncertainty for the third consecutive session on Thursday. While the Nifty opened with strong bullish momentum, it struggled to sustain its trajectory throughout the day.Indices ultimately erased their morning gains to conclude the session flat. The market showcased a sideways trajectory during the late afternoon hours, resulting in a negligible decline of 5.75 points or -0.02%.Nifty Experiences Volatile Morning Highs Before Retreating The Nifty index started the day on a positive note, quickly trending higher to establish its high point during the morning session. However, this upward momentum proved...

Omega Interactive Technologies Ltd to Consider Raising Up to 3,200 Crore via Equity Issuance Omega Interactive Technologies Limited has scheduled a Board of Directors meeting on July 31, 2026, to deliberate on a significant proposal to raise up to 3,200 Crore. The company intends to secure these funds through the issuance of equity shares and other eligible securities across one or more tranches.The proposed fundraising may be executed through various permissible modes, including but not limited to Preferential Issue, Qualified Institutions Placement (QIP), Rights Issue, Private Placement, Convertible Warrants, and Convertible Securities. The transaction remains subject to shareholder approval and the receipt of necessary statutory...

Lakhotia Polyesters (India) Ltd Announces Board Changes with Appointment of New Independent Director Lakhotia Polyesters (India) Limited has announced a significant change in its board composition following a meeting held on July 17, 2026. The company confirmed the appointment of Ms. Kajal Dubey as an Additional Director and the resignation of Mr. Nikunj Shrawan Bihani from his position as Non-Executive Independent Director.The appointment of Ms. Kajal Dubey was made based on the recommendation of the Nomination and Remuneration Committee. She joins the board in the capacity of Non-Executive Independent Director for a tenure of five consecutive years. The appointment is subject to the approval of the members of the company and she is...

Radhe Developers (India) Limited Approves Financial Results for Quarter Ended June 30, 2026 Radhe Developers (India) Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and authorized the statements during a meeting held on July 17, 2026.The company confirmed that these financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. The management also noted that the group's operations fall under the construction business, which is considered the sole reportable segment for the company.In addition to the financial approval, the Board approved the Notice of the...

Radhe Developers (India) Limited Approves Unaudited Financial Results for June 2026 Quarter Radhe Developers (India) Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and authorized the results during a meeting held on July 17, 2026.The company confirmed that the financial statements were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. Management identified the construction business as the sole reportable segment for the group's operations.The board also approved the notice for the 32nd Annual General Meeting of the company. The meeting proceedings commenced at 2:30...

Lakhotia Polyesters (India) Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Lakhotia Polyesters (India) Limited has reported its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements and the accompanying Limited Review Report from the Statutory Auditors during a meeting held on July 17, 2026.The company operates in the manufacturing and trading of Metallic Yarn and Textile Fabrics. The financial results for the current period reflect the operational performance of this single primary business segment.Financial Performance Overview For the quarter ended June 30, 2026, the company reported a total income of Rs. 416.96 lakhs...

Hindustan Aeronautics Ltd Announces Final Dividend of Rs.10 per Equity Share for FY 2025-26 Hindustan Aeronautics Ltd has recommended a final dividend of Rs.10 per equity share for the Financial Year 2025-26. The recommendation was made by the Board of Directors on June 29, 2026, and remains subject to approval by members at the upcoming Annual General Meeting.The proposed dividend applies to equity shares of Rs.5 each fully paid up (200%).Tax Implications and Documentation Requirements In accordance with the Income-tax Act, 2025, dividends distributed by a company are taxable in the hands of the shareholders. Consequently, the company is required to deduct tax at source at the time of dividend payment.To avail of tax exemptions...

Power Finance Corporation Ltd to Consider Borrowing Limit Enhancement Power Finance Corporation Ltd has announced that its Board of Directors will meet on July 23, 2026, to deliberate on a proposal regarding the enhancement of borrowing limits from both domestic and international markets.The meeting is scheduled to address the company's requirements for increased borrowing capacity. The board will consider seeking shareholder approval for this expansion of borrowing limits under the relevant provisions of the Companies Act, 2013.The proposed expansion includes:Enhancement of borrowing limits from domestic markets Enhancement of borrowing limits from international marketsPFC Stock Price Movement Power Finance Corporation Limited...

Radhe Developers India Ltd Approves Unaudited Financial Results for June 30, 2026 Quarter Radhe Developers India Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on Friday, July 17, 2026, accompanied by a Limited Review Report from the Statutory Auditor.The company also approved the Notice of its 32nd Annual General Meeting during the same board proceedings, which commenced at 2:30 p.m. and concluded at 3:40 p.m.Financial Overview and Operations The financial statements were prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act...