Markets

Rahul Kapasiya Resigns as Company Secretary and Compliance Officer of A B Cotspin India Limited A B Cotspin India Limited has announced the resignation of Mr. Rahul Kapasiya from his position as Company Secretary and Compliance Officer, a role designated as Key Managerial Personnel (KMP) within the organization.The resignation was formally tendered by Mr. Kapasiya via a letter dated July 17, 2026. He cited the pursuit of an alternate career opportunity outside of the company as the reason for his departure.The Board of Directors of A B Cotspin India Limited met on July 17, 2026, and officially noted the resignation. The transition is effective from the close of business hours on July 17, 2026.The following table outlines the...

Global Chip Rout Deepens as AI-Linked Stocks Plum Amid Valuation Concerns Indian companies with exposure to artificial intelligence technology faced a sharp correction on July 17, with stocks falling up to 5% amid a broader selloff in Asia's chip sector.The decline comes as the global semiconductor landscape faces intensifying scrutiny. Traders are increasingly wary of valuations that have surged during this year's rally, leading to a rapid exit from positions in high-growth tech names.Nasdaq Futures and S&P 500 Hit by Semiconductor Selloff Nasdaq 100 futures tumbled 2% as the global selloff in chipmakers gathered pace. This downward pressure extended to the rest of the market, with contracts for the S&P 500 falling 1%.A closely...

Brigade Enterprises Ltd Cancels Preferential Issue of Convertible Warrants Brigade Enterprises Ltd has announced the cancellation of a proposed preferential issue of convertible warrants to a promoter group entity. The Board of Directors approved the withdrawal of the issuance following a decision by the intended subscriber.The company had previously considered issuing up to 34,23,000 convertible warrants. These warrants were intended to be convertible into 34,23,000 equity shares with a face value of Rs. 10 per share. The issuance was proposed at a price of Rs. 526 per share, representing a premium of Rs. 516 per share.The total aggregate value of the proposed issue was set at Rs. 180,04,98,000. The warrants were slated to be...

Bihar Sponge Iron Limited Notified of Petition Filed by Agarwal Coal Corporation Private Limited Bihar Sponge Iron Limited has been notified regarding an application and petition filed by M/s. Agarwal Coal Corporation Private Limited before the National Company Law Tribunal (NCLT) Bench at Kolkata.The proceedings involve a case titled AGARWAL COAL CORPORATION ... Vs BIHAR SPONGE IRON LIMITED. The matter was assigned the case number KB C.P. (IB) 146 2026 and was scheduled for a hearing on July 16, 2026, before Bench Court No. 2.As of the current date, the company confirms that no formal notice has been issued by the Hon'ble NCLT to Bihar Sponge Iron Limited regarding this specific matter.Stock Price Movement As of 14:59, Bihar...

Navkar Corporation Limited Reports Financial Results for Quarter Ended June 30, 2026 Navkar Corporation Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements and the accompanying limited review report issued by the statutory auditors during a meeting held on July 17, 2026.The company, which operates in Container Freight Station (CFS) and Inland Container Depot (ICD) operations, reported a steady performance for the quarter. The results indicate that the company's business activity falls within a single operating segment.Financial Performance Overview For the quarter ended June 30, 2026, the company recorded a total income of 19,229.82...

JSW Steel Ltd to Participate as Promoter Selling Shareholder in JSW One Platforms Limited IPO JSW Steel Limited has approved its participation in the proposed initial public offering (IPO) of JSW One Platforms Limited (JOPL). The company will participate as a Promoter Selling Shareholder by offering for sale equity shares held by the company.The Board of Directors of JSW Steel Limited authorized the sale of equity shares of JOPL, each having a face value of Rs. 10. These sale shares aggregate to a value of up to Rs. 811 Crores. The execution of this transaction remains subject to applicable laws, prevailing market conditions, and the receipt of necessary regulatory clearances and approvals.The specific pricing and other...

Tata Steel to Review Financial Results for Quarter Ended June 30, 2026 Tata Steel Limited has scheduled a meeting of its Board of Directors on Thursday, July 30, 2026. The primary agenda for this meeting is to consider and record the financial performance of the company for the quarter ending June 30, 2026.The board will review both the audited Standalone financial results and the unaudited Consolidated financial results during the proceedings.In connection with the upcoming announcement of these financial results, the company has implemented measures regarding its trading window. The Trading Window for dealing in Tata Steel securities was closed on Wednesday, June 24, 2026. This window is scheduled to reopen 48 hours after the...

HMA Agro Industries Ltd Announces Withdrawal of Credit Rating by CRISIL Ratings Limited HMA Agro Industries Limited has announced the withdrawal of its credit rating by CRISIL Ratings Limited. The decision follows a formal request made by the company to the rating agency in March 2026.The withdrawal was officially confirmed by CRISIL Ratings Limited in a letter dated July 16, 2026. Consequently, the credit ratings previously assigned to the company's bank loan facilities are no longer outstanding as of that date.The withdrawn ratings were associated with total bank loan facilities amounting to Rs. 1250 Crore. The specific rating categories affected include:Facility TypeOriginal RatingStatusLong Term RatingCrisil...

Mantra Capital Ltd Announces Quarterly Results and Board Approvals for Key Corporate Actions Mantra Capital Limited (formerly known as Savani Financials Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The company also reported several significant corporate actions, including a proposed alteration to its Memorandum of Association and the allotment of sweat equity shares.Financial Performance Overview The company reported a net loss of Rs. 395.70 lakhs for the quarter ended June 30, 2026. This follows a loss of Rs. 483.02 lakhs in the preceding quarter ended March 31, 2026. Total revenue from operations stood at Rs. 583.85 lakhs for the June quarter, compared to Rs. 559.47 lakhs in the March...

United Breweries Limited Commissions New Canning Line at Nizam Brewery to Boost Premium Portfolio United Breweries Limited (UBL), India's leading brewer and a part of the HEINEKEN Company, has successfully commissioned a new canning line at its existing Nizam Brewery located in Telangana. The facility is now operational following the successful completion of its first product trial, marking a significant expansion of the company's manufacturing capabilities.The new canning line was established as part of a ₹ 90 crore investment announced in 2025. This project was completed in record time from groundbreaking to the first product trial, and it was executed without disrupting existing bottle production. The expansion utilized value...

JSW Steel Limited Announces Appointment of Deloitte Haskins and Sells as Statutory Auditor JSW Steel Limited has announced the appointment of M/s. Deloitte Haskins and Sells Chartered Accountants LLP as the Statutory Auditor of the company. The Board of Directors approved the appointment following a recommendation from the Audit Committee during its meeting held on July 17, 2026.The appointment is for a term of 5 years, beginning from the conclusion of the 33rd Annual General Meeting, scheduled to be held in 2027, until the conclusion of the 38th Annual General Meeting in 2032. This appointment remains subject to the approval of the company members.The current Statutory Auditor, M/s. S R B C & CO. LLP, will continue to serve for the...

Warren Tea Ltd Reschedules Annual General Meeting for Fiscal Year 2026 Warren Tea Ltd has announced the rescheduling of its 49th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The decision was finalized by the Board of Directors during a meeting held on July 17, 2026.The meeting was originally slated to take place on Wednesday, September 16, 2026, at 12:30 PM (IST). Following the board's decision, the AGM has been rescheduled to Monday, September 14, 2026, at 12:30 PM (IST). The proceedings will be conducted through video conferencing or other audio-visual means (VC/OAVM).In conjunction with the revised meeting date, the company has also adjusted the cut-off date for determining members eligible for...

Mantra Capital Ltd Announces Q1 FY2026-27 Financial Results and Corporate Actions Mantra Capital Limited (formerly known as Savani Financials Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during their meeting held on July 17, 2026.The company reported a net loss of Rs. 395.70 lakhs for the quarter ended June 30, 2026. Total revenue from operations stood at Rs. 583.85 lakhs, while total expenses amounted to Rs. 976.53 lakhs. The earnings per equity share (basic) were reported at a loss of Rs. 1.20.Strategic Corporate Actions and Share Allotments The Board has approved several significant corporate actions, which are subject to shareholder...

Federal Bank Shares Surge 5% as Net Profit Rockets 37% Amid Robust Asset Quality Improvement Federal Bank Ltd. shares witnessed a significant breakout on Friday, gaining nearly 5 percent following the release of its financial results for the quarter ended June 2026. The private lender reported a robust growth trajectory powered by a substantial rise in net interest income and a strategic reduction in provisioning requirements.The stock traded at approximately Rs 341.5 on the NSE, marking a sharp climb from its previous close of Rs 326.6. This upward momentum reflects investor confidence in the bank's fundamental operational strength despite profit figures landing marginally below consensus expectations.Strong Profit Growth and Net...

Sensex, Nifty Ease Gains as Profit Booking and Volatility Spike Dampen Market Momentum The Indian benchmark indices faced a cooling period on July 17 as markets witnessed a notable paring of gains. While the primary trend remained positive, the Sensex retreated over 200 points from its intraday high as investors chose to secure profits at elevated levels.At 2:30 pm, the Sensex stood at 78,027.20, up 840.33 points or 1.09%. The Nifty remained steady at 24,292.55, marking a gain of 219.80 points or 0.91%.The broader market activity showed a leaning toward selling pressure, with 2,363 shares declining against 1,430 advances. A total of 159 shares remained unchanged during the trading session.Profit Booking and Technical Resistance...

Visaka Industries Limited Initiates KYC Update Process for Physical Share Holders Visaka Industries Limited has commenced a formal process to update the Know Your Customer (KYC) details of its shareholders who hold securities in physical mode. The company initiated this communication on July 17, 2026, through its Registrar and Transfer Agent (RTA), Kfin Technologies Limited.The initiative is driven by mandatory requirements set forth in SEBI Circulars dated June 10, 2024, and February 06, 2026. The company has dispatched communication letters to all eligible members holding physical shares to ensure their records are current and compliant with regulatory standards.Mandatory KYC Requirements To maintain active folios and ensure...

Havells India Reports Q1 FY27 Results with Significant Revenue Growth Amidst Elevated Marketing Spend Havells India Limited has reported its unaudited financial results for the first quarter ended June 30, 2026. The company recorded a significant rise in net revenue, driven by resilient demand despite inflationary pressures and geopolitical uncertainties in the West Asia region.During the quarter, Havells implemented calibrated and staggered price hikes across various categories to mitigate the impact of raw material inflation. However, the company also saw a doubling of Advertising and Sales Promotion (A&P) expenses as it frontloaded brand-building efforts, particularly through media investments. This strategic push led to a...

SBI Cards to Host Q1 FY27 Earnings Call on July 24 SBI Cards and Payment Services Ltd has announced that it will host an earnings conference call for analysts and investors to discuss the company's performance for the first quarter of the fiscal year 2027.The scheduled call is set to take place on Friday, July 24, 2026, at 05:00 PM IST. The session will provide an opportunity for stakeholders to gain insights into the company's financial results and operational updates for the period.Participants can join the conference call through various universal access numbers and international toll-free or toll lines provided by the company. To ensure a seamless connection, participants are encouraged to dial in 10 minutes prior to the...

Waaree Energies Limited Secures Additional 212 MW Solar Module Order Waaree Energies Limited has announced the receipt of a new order for the supply of 212 MW solar modules from an international entity. The customer is a renowned organization that owns and manages utility-scale renewable power projects.This latest contract is incremental to a pre-existing order of 350 MW received from the same customer. With this additional award, the total order capacity from this specific client has increased to 562 MW.The order pertains to the supply of solar modules scheduled for the Financial Year 2026-27. The transaction is classified as a one-time order. Waaree Energies Limited confirmed that there is no promoter group interest in the...

SEBI Issues Final Order Restraining Mauria Udyog Ltd Directors from Securities Market Mauria Udyog Limited has received a final order from the Securities and Exchange Board of India (SEBI) regarding allegations of market manipulation. The regulatory authority has imposed significant restrictions on the company and its key promoters, specifically Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka.The order, dated June 30, 2026, restricts the named individuals from accessing the securities market for a period of 05 years. This prohibition includes any involvement in buying, selling, or otherwise dealing in securities, whether directly or indirectly. The restriction also prohibits them from being associated with the securities market in any...