Markets

MTR Launches Protein Breakfast Range to Strengthen Market Leadership MTR, a prominent Indian food brand with a heritage exceeding 100 years, has launched its new Protein Breakfast Range. The initiative aims to reinforce the brand's leadership in the breakfast category by integrating plant-based protein into traditional Indian breakfast favorites, catering to the growing consumer demand for high-protein, convenient, and mindful food options.The new product line is designed for conscious eaters who prioritize ingredient transparency and nutritional value without compromising on taste. The range features a clean-label proposition, including no added preservatives, no maida, no palm oil, and low-sodium salt.Product Portfolio and...

Baroda BNP Paribas Announces New Balanced Hybrid Fund Launch Following SEBI Clearances Baroda BNP Paribas Asset Management India Private Limited has officially announced the launch of its new Barodabnppbhf (Balanced Hybrid Fund) under the purview of the Securities and Exchange Board of India (SEBI). The scheme is designed as an open-ended balanced fund, offering investors a strategic blend of equity and debt instruments to navigate diverse market conditions.The newly launched fund will strictly invest in equity and equity-related securities alongside debt and money market instruments. In line with regulatory standards, the AMC has confirmed that no arbitrage transactions are permitted within this specific scheme. The fund aims to...

Asian Bonds See Massive Foreign Inflow Surge to Seven-Month High as Crude Prices Cool Asian bond markets witnessed a significant resurgence in foreign investment during June, marking the largest monthly net purchase since November 2025. Investors pivoted toward regional fixed-income assets as a strategic move to mitigate concerns surrounding global equity markets.This capital flight into safer haven assets was underpinned by two primary drivers: a notable cooling in oil prices and a robust demand for technology-related goods. The confluence of these factors significantly improved the economic outlook for major Asian economies.Crude Oil Price Drop Eases Inflationary Pressures A sharp decline in Brent crude prices served as a critical...

Large-Caps Poised for Tactical Mean Reversion as Jefferies Flags Excessive Mid-Cap Valuations Jefferies global equity strategist Christopher Wood has issued a strategic alert, signaling that Indian large-cap stocks are primed for a tactical comeback against the mid- and small-cap segments. Wood highlights a widening valuation gap that appears increasingly disconnected from the underlying trajectory of earnings growth.The analysis draws on insights from Jefferies’ head of India research, Mahesh Nandurkar, who argues that the recent surge in mid- and small-cap stocks has become excessive relative to fundamental data. The numbers provide a stark contrast between current performance and expected future growth.Diverging Growth...

Zepto Valuation Plummets Toward $4.5 Billion Mark as Profitability Concerns Shadow IPO Plans Zepto Ltd. is reportedly navigating a significantly lower valuation for its upcoming initial public offering (IPO) compared to its previous highs. The rapid delivery giant faces a cooling investor sentiment as the quick-commerce industry shifts its focus from sheer growth to sustainable profitability.The company is currently seeking a valuation that falls sharply below its $7 billion peak achieved during a funding round last October. Reports indicate that foreign investors have expressed interest at a pre-money valuation of approximately $4.5 billion.Market dynamics are further complicated by domestic institutional investors, who are...

Bondada Engineering Ltd Secures Order for BSNL Telecom Towers Worth Rs. 10.44 Crore Bondada Engineering Limited has secured a purchase order from Veremax Technologie Services Limited for the supply of BSNL 40-Meter Telecom Towers, including Foundation Bolts and Templates. The order is designated for various locations across South India.The contract will be executed through Bondada Green Engineering Private Limited, the manufacturing subsidiary of Bondada Engineering Limited. This subsidiary utilizes state-of-the-art tower manufacturing facilities to support the group's presence in the telecom infrastructure segment.The transaction represents a domestic order and highlights ongoing demand for high-quality telecom infrastructure...

Shakti Pumps India Ltd Invests Rs. 5 Crores in Wholly Owned Subsidiary for EV Expansion Shakti Pumps (India) Limited has announced a strategic investment of Rs. 5,00,00,000 (Rupees Five Crores Only) in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment was executed through the subscription of 50,00,000 equity shares with a face value of Rs. 10 each.Following this transaction, the consolidated investment in the subsidiary stands at Rs. 70,00,00,000 (Rupees Seventy Crores Only). The capital infusion is intended to initiate and expand the business operations of the wholly owned subsidiary.Subsidiary Profile and Operations Shakti EV Mobility Private Limited was incorporated on December 16, 2021. The entity...

Globus Spirits Ltd Reports Quarterly Financial Results for Quarter Ended June 30, 2026 Globus Spirits Limited has announced its standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a steady growth in revenue and profit compared to the preceding quarter and the same period in the previous fiscal year.Consolidated Financial Performance On a consolidated basis, the company recorded an income from operations of 1,15,187.94 lakh for the quarter ended June 30, 2026, compared to 85,108.14 lakh in the quarter ended March 31, 2026. The total income for the period stood at 1,15,361.95 lakh.The company's total expenses were reported at 1,11,643.65 lakh for the current quarter...

Havells India Limited Reports Q1 FY2026-27 Financial Results Havells India Limited has released its standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a profit for the period of Rs. 298.43 crores on a standalone basis, while the consolidated profit stood at Rs. 289.71 crores.Standalone Financial Performance For the quarter ended June 30, 2026, Havells India Limited recorded a revenue from operations of Rs. 6,509.97 crores. The total income for the period reached Rs. 6,564.10 crores, which includes other income of Rs. 54.13 crores.The company's expenses for the quarter totaled Rs. 6,163.09 crores. This included:Cost of raw materials and components consumed: Rs. 4,023.54...

Jupiter Life Line Hospitals Limited Announces Record Date for Equity Share Split Jupiter Life Line Hospitals Limited has announced the record date for the sub-division and split of its existing equity shares. The company has scheduled Friday, July 24, 2026, as the cut-off date to determine the eligibility of shareholders entitled to participate in the stock split.The decision follows the approval received from equity shareholders during the Annual General Meeting conducted on July 17, 2026. The company confirmed that the share split will involve a conversion of face values to ensure a broader distribution of shares among the shareholder base.FeaturePre-Split DetailsPost-Split DetailsNumber of Shares1 Share5 SharesFace Value...

Consecutive Commodities Ltd Extends Rights Issue Closing Date to July 31, 2026 Consecutive Commodities Limited has announced an extension of its ongoing Rights Issue closing date. The decision follows a meeting held by the Rights Issue Committee on July 17, 2026, where it was determined that the additional time would allow eligible equity shareholders more opportunity to exercise their rights under the issuance.The Rights Issue originally commenced on July 2, 2026, with an initial closing date set for July 24, 2026. Following the committee's decision, the final date to submit the completed Composite Application Form (CAF) along with the required application money has been moved to July 31, 2026.In tandem with the extended issuance...

Sensex, Nifty Pare Gains as Profit Booking and Rising Volatility Trigger Market Correction The Indian equity markets witnessed a period of cooling off on July 17 as benchmarks traded in a narrow range after initial gains were eroded by profit booking activity. While the indices remained in positive territory, the momentum slowed significantly during the afternoon session.As of 1:50 pm, the Sensex stood at 77,832.32, representing an increase of 645.45 points or 0.84%. The Nifty continued its steady climb to 24,227.15, marking a gain of 154.40 points or 0.64%.Market breadth remained mixed during the session with 1,301 shares advancing and 2,461 shares declining. A total of 151 shares remained unchanged as traders weighed competing...

Reliance Industries Shares Surge 2% as Promoters Hike Stake Ahead of Critical Q1 Earnings Reliance Industries Ltd (RIL) shares witnessed a significant bullish move on Friday, gaining 2 percent in afternoon trade following the disclosure of updated shareholding patterns. The stock became one of the top performers on the Nifty 50 as investors reacted to the promoter group's increased stake during the April-June quarter.The conglomerate reported that the promoter group holding rose by 48 basis points during the period, reaching a total of 50.48 percent. This move comes at a pivotal moment as the company prepares to release its fiscal first-quarter earnings later today.Market Reaction and Valuation Metrics Shares of Reliance Industries...

European Stocks Slump as Tech Selloff and Middle East Tensions Trigger Market Volatility European equity markets opened with a bearish tone on Friday as investors navigated a treacherous landscape defined by escalating geopolitical tensions and a broad-based retreat from high-valuation technology stocks. The pan-European STOXX 600 index was down 0.6% at 639.94 points by 0707 GMT, reflecting widespread weakness across major industrial sectors.The benchmark index is currently positioned for a modest weekly decline as the prevailing market sentiment remains cautious. Analysts observe that investors are actively rotating out of semiconductor holdings due to growing concerns over stretched valuations following a significant rally earlier...

Rail Vikas Nigam Limited Signs MoU with Government of Goa for Infrastructure Development Rail Vikas Nigam Limited (RVNL) has entered into a Memorandum of Understanding (MoU) with the Government of Goa to collaborate on the development and implementation of infrastructure projects within the State of Goa.The agreement establishes a framework for cooperation between the two entities, focusing on project identification and execution. Under the terms of this partnership, RVNL will serve as the Project Executing Agency for the identified infrastructure works.The collaboration will be conducted based on mutually agreed terms and conditions to ensure the successful delivery of projects intended for the state. This association marks a...

Padmanabh Industries Ltd to Hold Board Meeting on July 22, 2026 Padmanabh Industries Ltd has scheduled a meeting of its Board of Directors to be held on Wednesday, July 22, 2026. The meeting will take place at the registered office of the company.The primary agenda for the board meeting involves the consideration and approval of the unaudited financial results of the company for the quarter ended June 30, 2026. The board will also review the Limited Review Report associated with these period results.The meeting will include provisions to transact any other business items with the permission of the Chair and a majority of the directors.Stock Price Movement As of 13:45 today, Padmanabh Industries Ltd shares are sliding to ₹8.58...

SBI Cards and Payment Services Ltd to Review Quarter Ending June 30, 2026, Results SBI Cards and Payment Services Ltd has scheduled a meeting of its Board of Directors on July 24, 2026. The primary agenda for this board meeting includes the consideration and approval of the company's unaudited financial results for the quarter ended June 30, 2026.The announcement confirms that the company is preparing to release its performance metrics for the second quarter of the fiscal year. While the specific figures for the period are not yet available, the board meeting serves as the formal mechanism for approving the financial statements before they are presented to stakeholders.In line with internal protocols for maintaining fair disclosure...

Lake Shore Realty Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Lake Shore Realty Limited (formerly known as Mahaan Foods Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the financial statements and took on record the Limited Review Report issued by M/s PGS & Associates during a board meeting held on July 17, 2026.The financial data highlights a significant shift in profit generation compared to the preceding quarter, primarily driven by other income sources despite a lack of revenue from operations during the period. The company reported a net profit for the period of Rs. 18.80 Lacs for the June 2026 quarter, rebounding...

Equitas Small Finance Bank to Host Earnings Call on July 29, 2026 Equitas Small Finance Bank Limited has scheduled a meeting of its Board of Directors on Tuesday, July 28, 2026. The primary agenda for this board meeting is the consideration and approval of the Unaudited Financial Results for the quarter ended June 30, 2026.The bank will subsequently host an earnings call with investors and analysts to discuss its financial performance for the first quarter of the fiscal year 2027 (Q1FY27). The conference call is scheduled to take place on Wednesday, July 29, 2026, at 11:00 A.M.Participants in the earnings call will include P N Vasudevan, the Managing Director and CEO of Equitas Small Finance Bank Limited, along with members of the...

Federal Bank Reports 36.57% Profit Surge in Q1 FY27; Net NPA Hits Decadal Low Federal Bank has reported a significant jump in its net profit for the quarter ended June 30, 2026 (Q1 FY27), driven by the strength of its core franchise and expanding margins. The bank recorded a net profit of ₹1,176.93 crore, representing a 36.57% increase compared to the corresponding quarter of the previous year.The growth was underpinned by robust performance in core operations, where Net Interest Income (NII) grew by 26.06% and fee income rose by 21.71%. This performance occurred despite a volatile market period that kept treasury income subdued.Key Financial Highlights The bank's financial results for Q1 FY27 show significant growth across key...