Markets

TCPL Packaging Limited Reports Significant Growth in Sustainability Initiatives and Operations for FY 2025-26 TCPL Packaging Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, highlighting a period of significant operational expansion and a deepening commitment to environmental, social, and governance (ESG) standards. The report provides a comprehensive overview of the company's manufacturing footprint, employee welfare programs, and proactive measures taken toward decarbonization and water stewardship.Operational Overview and Market Presence TCPL Packaging Limited continues to maintain a strong domestic and international presence as one of India’s largest standalone...

Poona Dal & Oil Industries Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Poona Dal & Oil Industries Limited has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ended June 30, 2026. The meeting is set to take place on July 24, 2026, at the company's corporate office located in Hadapsar, Pune.The board will consider the performance metrics and financial standing of the company during this period. As part of the standard procedure regarding the announcement of these results, the trading window for dealing in the securities of the company will remain closed for specified persons until 48 hours after the conclusion of the meeting.Key details...

Netflix Shares Plunge 9% in After-Hours Trading as Weak Q3 Revenue Guidance Sinks Investor Sentiment Netflix Inc. shares experienced a sharp selloff in after-hours trading on Thursday following the streaming giant's announcement of third-quarter revenue guidance that fell short of Wall Street expectations. The stock, which closed the regular session at $74.35, tumbled to approximately $67.78 during extended trading.The 9% decline underscores a challenging period for the company as it grapples with cooling growth projections. While the second-quarter results were largely in line with bottom-line expectations, the discrepancy between internal forecasts and analyst targets triggered immediate investor concern.Mixed Second Quarter...

Zepto IPO Sees Massive Interest from Norges and Motilal Oswal as Valuation Adjusts to $5.1 Billion Quick commerce pioneer Zepto is preparing for its highly anticipated initial public offering (IPO) with significant backing from institutional heavyweights. Sources familiar with the development report that the Norwegian sovereign wealth fund, Norges, and Motilal Oswal have submitted bids to participate in the fundraising round.The two major investors are expected to be pivotal players in the debut, with sources indicating they could potentially cover between 40 percent and 45 percent of Zepto’s anchor book. While the IPO process remains active, several other top mutual funds have reportedly expressed interest in participating in the...

JSW Steel Net Profit Doubles to ₹4,696 Crore as Revenue Growth Fuels Massive Q1 Breakout JSW Steel has reported a significant financial turnaround for the quarter ended June 30, with its consolidated net profit more than doubling compared to the previous year. The steel major clocked a net profit of Rs 4,696 crore in the first quarter of FY27, showcasing a robust operational recovery.The company's performance marks a sharp contrast to the first quarter of the preceding 2025-26 financial year, where it recorded a net profit of Rs 2,209 crore. This surge highlights a substantial improvement in the bottom line for one of India's leading six steel making players.Revenue Expansion and Expenditure Dynamics The jump in profitability was...

Kalyani Steels Resumes Manufacturing Operations Following Regulatory Clearance Kalyani Steels has resumed manufacturing operations at its industrial plant located in Karnataka following the conditional revocation of closure orders issued by the Central Pollution Control Board (CPCB).The resumption of activities comes after the company addressed specific compliance requirements initiated by the regulatory body. The CPCB issued a letter on July 16, 2026, stating that the previous directions to shut down operations were conditionally revoked, permitting the company to restart production.The manufacturing facility is situated at Hospet Road, Village Ginigera, Talula, and District Koppal, Karnataka. Management confirmed that the plant...

Kore Digital Limited Secures Order from Indian Oil Corporation Limited Kore Digital Limited has secured a new business order from Indian Oil Corporation Limited. The contract, which was awarded on July 16, 2026, involves the supply of specialized services and components utilizing advanced manufacturing technologies.The scope of work for this domestic contract includes 3D Modelling, Development of Drawings, Fabrication, and the Supply of Spares. Notably, these services will utilize full density metal 3D Printing Technology.The project is scheduled to be executed over a period of 4 months. The broad consideration for the order is valued at Rs.82 Lakhs.The details of the contract are outlined in the table below:ParticularsDetails...

Manav Infra Projects Limited Secures Work Order for Micro Piling Project in Mumbai Manav Infra Projects Limited has secured a work order to undertake micro piling activities at St. Elizabeth's Hospital, located on Jamanadas Mehta Road, Teen Batti, Malabar Hill, Mumbai. The project has been awarded by JSW Foundation.The scope of the contract involves carrying out specific micro piling works at the hospital site. The total value of the project is approximately Rs. 48,76,395 (Rupees Forty Eight Lakhs Seventy Six Thousand Three Hundred and Ninety-Five Only). This project amount is inclusive of GST at 18%.The details of the newly secured work order are outlined in the table below:Project DescriptionClientLocationOrder Value...

Parsvnath Developers Limited Announces Resignation of Three Independent Directors Parsvnath Developers Limited has announced the resignation of three Independent Directors, effective July 14, 2026. The resignations were submitted due to personal commitments, health concerns, and personal circumstances.The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) as per an order dated April 30, 2026, from the Hon'ble National Company Law Tribunal, New Delhi Bench. Mr. Manoj Kumar Anand serves as the Interim Resolution Professional managing the affairs of the Corporate Debtor as a going concern.Details of Resignations The following directors have stepped down from their positions:Director NameDINReason for...

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...