Markets

The Federal Bank Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 The Federal Bank Limited has announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on July 17, 2026, following recommendations from the Audit Committee.The financial statements were prepared in accordance with the Banking Regulation Act, 1949, and Generally Accepted Accounting Principles in India. The bank’s performance reflects its domestic operations across various segments including Treasury, Corporate/Wholesale Banking, and Retail Banking.Standalone Financial Performance For the quarter ended June 30, 2026, the Bank...

AI-Driven Rotation Erases Five Years of India Equity Outperformance as Capital Flees to South Korea and Taiwan India-focused equity funds have seen their dominant position over global emerging markets (GEM) evaporate as a massive shift in investor sentiment toward AI-driven markets takes hold. According to Elara Securities, this rotation has effectively unwound nearly five years of relative outperformance for India-dedicated long-only funds since 2021.The brokerage reports that the relative performance of these funds has plummeted back to April 2021 levels. This sharp reversal follows a powerful AI-led rally that redirected global capital toward South Korea, Taiwan, and commodity-linked markets.Structural Shifts in Global Capital...

Laser Power & Infra Limited Secures First Commercial Order for Next-Generation AECC Conductors Laser Power & Infra Limited has received a Letter of Intent (LoI) from Himachal Pradesh State Electricity Board Limited (HPSEBL) for a turnkey reconductoring project in the Nalagarh Electrical Division, Himachal Pradesh. The order is valued at approximately ₹4.15 crore.The project involves the supply and installation of High Temperature Low Sag (HTLS) conductors. This initiative aims to improve power supply reliability by replacing conventional conductors with advanced technology that enhances transmission capacity while utilizing existing tower infrastructure.This marks the first commercial deployment for Laser Power & Infra Limited under...

PC Jeweller Set to Raise Rs 1,000 Crore via QIP as Debt Reduction Hits Milestone PC Jeweller has officially moved to bolster its capital position by approving a proposal to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP).The fundraise is expected to be executed in one or more tranches. The move remains subject to the necessary shareholder and regulatory approvals before proceeding.To facilitate this capital infusion, the board has approved an increase in the company's authorised share capital from Rs 1,310 crore to Rs 1,460 crore. This will involve creating an additional 150 crore equity shares with a face value of Re 1 each.This expansion requires a formal amendment to the Capital Clause of the...

Laser Power & Infra Limited Secures First Commercial Order for Next-Generation AECC Conductors Laser Power & Infra Limited has received a Letter of Intent (LoI) from Himachal Pradesh State Electricity Board Limited (HPSEBL) for a turnkey reconductoring project in the Nalagarh Electrical Division, Himachal Pradesh. The order is valued at approximately ₹4.15 crore and involves the supply and installation of High Temperature Low Sag (HTLS) conductors.The project is designed to improve power supply reliability by replacing conventional conductors with advanced HTLS technology. This method allows utilities to increase transmission capacity while utilizing existing tower infrastructure, providing a cost-effective and sustainable way to...

EBIX Ltd Reports Zero Unresolved Investor Complaints for Quarter Ended June 30, 2026 EBIX Limited, formerly known as Eraaya Lifespaces Limited, has released the status of investor complaints for the quarter concluding on June 30, 2026. The data indicates that the company maintained an efficient resolution process during this period.The report shows that the company started the quarter with no pending investor complaints. During the three-month period ending June 30, 2026, a total of 2 investor complaints were received.EBIX Limited successfully addressed all inquiries received during the timeframe, with both complaints being disposed of within the quarter. Consequently, there are no remaining unresolved investor complaints as of the...

Dr. Lal PathLabs to Host Q1 FY27 Earnings Conference Call Dr. Lal PathLabs Limited (DLPL) has announced that it will host a conference call on Friday, July 24, 2026, to discuss its financial and operating performance for the first quarter of fiscal year 2027. The call is scheduled to begin at 5:30 P.M. (IST).The management team representing the company during the call will include (Hony) Brig. Dr. Arvind Lal, Executive Chairman; Mr. Shankha Banerjee, Chief Executive Officer; and Mr. Ved Prakash Goel, Group Chief Financial Officer and CEO of International Business.During the session, the management will provide a brief discussion on the financial results and operational performance for Q1 FY27, which are set to be announced on the...

NR Agarwal Industries Ltd Receives Reaffirmed Ratings with Enhanced Credit Facilities NR Agarwal Industries Limited (NRAIL) has seen a reaffirmation of its credit ratings by ICRA Limited, accompanied by an increase in the total rated amount from Rs. 955.64 crore to Rs. 1,137.57 crore. The rating agency maintains a long-term rating of [ICRA]A- (Stable) and a short-term rating of [ICRA]A2+.The reaffirmation reflects the company's established track record in the paper industry, spanning over 30 years, alongside its large-scale operations and significant presence in western India. According to ICRA, NRAIL demonstrated healthy improvement in operating performance during FY2026, featuring a 29% revenue growth. This growth was supported by...

Kuantum Papers Ltd Fixed Deposit Programme Receives Downgrade from CARE Ratings Kuantum Papers Ltd has received a revised credit rating for its Fixed Deposit (FD) programme from CARE Ratings Limited. The rating agency issued the update following a review of the company's operational and financial performance during the fiscal year 2026.The rated instruments involve an amount of Rs. 33.22 crores, which remained outstanding as of September 30, 2024. The FD programme is structured for a tenure ranging from less than 3 months to 36 months.Rating Action and Details The credit rating for the Fixed Deposit has been downgraded from CARE A; Stable to CARE A-; Stable. The instrument remains on notice of withdrawal for one year.Sr...

Starlit Power Systems Ltd Appoints Nisha Yadav as Company Secretary and Compliance Officer Starlit Power Systems Limited has announced the appointment of Mrs. Nisha Yadav as the Company Secretary and Compliance Officer of the organization. The appointment became effective as of July 17, 2026.The decision was finalized during a Board of Directors meeting held on July 17, 2026, at the company's registered office in New Delhi. In addition to the appointment, the Board approved a change in the Key Managerial Personnel (KMP) structure specifically for determining the materiality of events and information requiring disclosure.Professional Profile of AppointeeMrs. Nisha Yadav is an Associate Member of the Institute of Company Secretaries...

Dr. Lal PathLabs to Consider Interim Dividend for Financial Year 2026-27 Dr. Lal PathLabs Limited has announced that its Board of Directors will meet on July 24, 2026, to deliberate on the company's financial performance and shareholder payouts. The meeting is scheduled to address key operational results and dividend considerations for the upcoming period.During this session, the Board will review the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows an earlier notice regarding the company's scheduled board proceedings during the month of July.In addition to reviewing quarterly performance, the Board of Directors will consider the declaration of an interim dividend on the...

Dr. Lal PathLabs to Consider Interim Dividend for FY 2026-27 at Upcoming Board Meeting Dr. Lal PathLabs has announced that its Board of Directors will meet on July 24, 2026, to deliberate on key financial matters including the company's performance and dividend distributions.During the scheduled meeting, the board is expected to review and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. In addition to the quarterly financial review, the board will consider a potential interim dividend on the equity shares of the company for the Financial Year 2026-27.The discussion regarding the interim dividend follows an earlier communication from the company concerning the agenda for the...

Alife Relaunches Bathing Soap Portfolio with New Variants for Beauty and Care Alife, a personal care brand under AWL Agri Business Ltd (formerly known as Adani Wilmar Limited), has officially relaunched its bathing soap portfolio. The new range features four distinct variants characterized by upgraded formulations, skincare-inspired ingredients, and contemporary packaging designs.The relaunch was launched on July 15, 2026, at the company’s manufacturing facility in Mundra. The event saw the participation of 50 top distributors from across the country, highlighting a strategic move to strengthen trade partnerships while marking a significant milestone in the brand's growth trajectory.New Product Variants and Brand Positioning The...

Alife Relaunches Bathing Soap Portfolio with New Variants for Everyday Beauty and Care Alife, the personal care brand from AWL Agri Business Ltd. (formerly Adani Wilmar Limited), has launched a refreshed bathing soap portfolio featuring four new variants. The relaunch introduces upgraded formulations, curated ingredients, and contemporary packaging under a new brand promise titled "Khubsurati Kuchh Khaas."The new range was officially unveiled on July 15, 2026, at the company's manufacturing facility in Mundra. The launch event saw the participation of 50 top distributors from across the country, highlighting a significant milestone in the brand's growth and its trade partnerships.Product Range and Brand Evolution The relaunched...

Fredun Pharmaceuticals Limited Announces Allotment of Bonus Equity Shares Fredun Pharmaceuticals Limited has announced the allotment of 11,025,380 fully paid-up bonus equity shares. The Board of Directors approved the issuance during a meeting held on July 17, 2026.The bonus issue was distributed in a 2:1 ratio, providing shareholders with 2 new bonus equity shares for every 1 existing equity share held as of the record date on July 16, 2026. Each of these new shares carries a face value of ₹ 10.Impact on Share Capital The issuance has resulted in a significant increase in the company's paid-up share capital. The updated figures are detailed in the table below:ParticularsNo. of SharesFace Value (Rs.)Amount in Rs.Paid-up share...

Raj Oil Mills Ltd Clarifies Share Allotment Percentage in Postal Ballot Notice Raj Oil Mills Ltd has issued a clarification regarding an inadvertent error found in the Explanatory Statement of its Postal Ballot Notice dated May 12, 2026. The correction pertains specifically to Item No. 1(e) and Item No. 2(e) of the notice circulated to shareholders.The company clarified that the proposed allotment of shares constitutes less than 5% of the post-issue fully diluted share capital of the company. The reference in the original Postal Ballot Notice stating the allotment was more than 5% was an oversight and should be read as less than 5%.Item ReferenceOriginal StatementCorrected StatementItem No. 1(e) & 2(e)More than 5%Less than 5%...

RITES Limited Announces Leadership Changes in Senior Management RITES Limited has announced a restructuring within its senior management team effective July 17, 2026. The changes involve the appointment of a new Regional Head for the Eastern Region Project Office and the transfer of an existing Group General Manager.New Leadership Appointment Shri Vinod Kumar Paswan, SAG/IRSE, has joined RITES on a deputation basis as Group General Manager (Civil) and Regional Head of the Eastern Region Project Office in Kolkata. His appointment to the senior management team is effective from July 17, 2026.Shri Paswan is an Indian Railway Service of Engineers (IRSE) officer from the 1998 batch, bringing over 25 years of experience in railway...

CG Power and Industrial Solutions Allots 34,660 Equity Shares Under ESOP 2021 CG Power and Industrial Solutions Limited has completed the allotment of 34,660 equity shares to an eligible employee under the company's Employee Stock Option Plan 2021 (ESOP 2021). The allotment took place on July 17, 2026.The equity shares, which carry a face value of Rs. 2/- each, were issued at an exercise price of Rs. 400.45 per share. These newly allotted shares rank pari-passu with the existing equity shares of the company in all respects.Following this allotment, the paid-up equity share capital of CG Power and Industrial Solutions Limited has seen an increase. The total capital now stands at Rs. 3,15,00,27,818, representing a total of...

Aditya Birla Capital Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Aditya Birla Capital Limited (ABCL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report highlights the company's efforts in enhancing corporate governance, employee well-being, environmental stewardship, and inclusive growth.The reporting for FY 2025-26 was conducted on a standalone basis, covering ABCL’s operations as a unified entity following its strategic merger with its wholly owned subsidiary, Aditya Birla Finance Limited (ABFL). The report received reasonable assurance from DNV Business Assurance India Pvt. Ltd. regarding core non-financial...

WeWork India Shares Plunge 6% as Firm Slides into Net Loss Following Recent Profit Turnaround WeWork India shares witnessed a sharp sell-off on Friday, tumbling nearly 6 percent as the company reported a swing into negative territory for the June quarter.The stock fell 5.64 percent to reach Rs 687 per share on the NSE. This reaction comes after the co-working giant reported a consolidated net loss of Rs 4.30 crore for the first quarter of the current financial year.The poor performance marks a significant reversal for the firm, which had successfully returned to profitability in the preceding March quarter. During that period, the company posted a net profit of Rs 66 crore compared to a net loss of Rs 14.10 crore in the...