Markets

Titan Shifts Gold Hedging to MCX as Strategic Pivot Boosts Domestic Liquidity Titan Industries Ltd., India's largest branded jewellery maker, has initiated a significant shift in its gold hedging strategy by moving a substantial portion of its activities from GIFT City to the Multi Commodity Exchange (MCX).The move represents a strategic transition from dollar-denominated contracts traded at GIFT City to rupee-denominated futures on the MCX platform. According to sources familiar with the matter, the primary driver for this change was the intent to reduce reliance on dollar-based hedging and better align the company's hedge with its domestic gold purchases.Impact on MCX Trading Volume and Market Liquidity The shift in strategy is...

The Grob Tea Company Limited Announces Annual General Meeting for Financial Year 2025-26 The Grob Tea Company Limited has scheduled its Annual General Meeting (AGM) to be held on Tuesday, August 11, 2026, at 2:00 P.M. (IST). The meeting will be conducted via Video Conferencing (VC) facilities and other Audio Visual Means (OAVM).The company has initiated a communication process to ensure all shareholders can access essential corporate documents. Specifically, the company dispatched letters to members who do not have registered email addresses with the company, its Registrar and Share Transfer Agent (RTA), or any depositories. These communications provide a direct web-link to the Annual Report for the financial year 2025-26 and the...

Caliber Mining & Logistics IPO Sees Strong Day 1 Momentum with 61% Subscription and 25% Expected Listing Gain The Caliber Mining & Logistics initial public offering (IPO) witnessed a robust opening on its first day of subscription, signaling significant market interest in the integrated mining services player. As of 12:05 pm on Friday, the issue was subscribed to 61%, reflecting a healthy appetite from both retail and non-institutional investors.The company aims to raise Rs 450 crore through this public offering. This includes a fresh issue of 0.94 crore equity shares valued at Rs 400 crore and an Offer for Sale (OFS) of 0.12 crore equity shares totaling Rs 50 crore.Robust Subscription Breakdown Across Investor Categories The...

Goenka Business & Finance Ltd Appoints Ms. Priya Jain as Company Secretary and Compliance Officer Goenka Business & Finance Ltd has announced the appointment of Ms. Priya Jain as the Company Secretary and Compliance Officer. The appointment was confirmed by the Board of Directors during a meeting held on July 17, 2026.Ms. Jain officially assumed her duties effective July 17, 2026. She brings significant experience to the role, having worked with both listed and unlisted companies within the secretarial department. According to the company, she possesses more than eight years of combined pre-qualification and post-qualification experience.Ms. Jain is a member of the Institute of Company Secretaries of India. The company further...

CG Power and Industrial Solutions Ltd to Host Q1FY27 Earnings Conference Call CG Power and Industrial Solutions Limited has announced that it will conduct an earnings conference call to discuss the financial results for the quarter ended June 30, 2026. The call is scheduled to take place on Friday, July 24, 2026, at 4:15 pm IST.The session will feature a discussion on the company's earnings performance followed by an interactive Question and Answer segment. This conference call will be held via digital access and conference call platforms following the declaration of the financial results for the first quarter of the fiscal year 2027.Management Participation and Schedule The call will include key members of the leadership team to...

Jindal Stainless Supplies Steel for India's First Hydrogen-Powered Train Jindal Stainless, a leading stainless steel manufacturer in India, has contributed significantly to the development of India's first hydrogen-powered train. The company supplied approximately 40% of the total stainless steel requirement for the construction of the coach bodies.The project utilizes premium austenitic stainless steel grade X5CrNi1810, which was exclusively supplied by Jindal Stainless from its Jajpur and Hisar plants. This hydrogen-powered train, featuring a specialized propulsion system, marks a major milestone in the Indian Railways' pursuit of green mobility solutions and sustainable transportation infrastructure.Material Advantages for Green...

Polycab Shares Plunge 4% Despite Q1 Earnings Beat as NSE Midcap 50 Sees Heavy Selling Polycab India Ltd shares witnessed a significant sell-off on Friday, sliding nearly 4 percent to Rs 8,850 in afternoon trade. This decline marks the third consecutive session of losses for the wires and cables major, making it the top loser on the NSE Midcap 50 index.Despite the immediate price action, the stock remains positioned strongly in the broader timeframe. Polycab shares are up 15.5 percent so far in 2026, outperforming the Nifty 50 which has seen a 7.1 percent decline during the same period.Resilience Amidst Market Correction The company, which commands a market capitalization of more than Rs 1.33 lakh crore, faced a 3.96 percent intraday...

Jyoti Structures Ltd Announces Demise of Chairman and Independent Director Dr. Rajendra Prasad Singh Jyoti Structures Limited has reported the passing of Dr. Rajendra Prasad Singh, who served as the Chairman and Independent Director of the Board. The company confirmed that Dr. Singh passed away on July 17, 2026.The company acknowledged his significant contributions to its growth and development, noting his visionary leadership and guidance over the years. The management and employees of Jyoti Structures Limited expressed their condolences to his family and remembered his role in the organization's progress.The following table provides the specific details regarding the cessation of his directorship:ParticularDetailsNameDr...

Indegene Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Indegene Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, which serves as an integral part of the company’s Annual Report, highlights the organization's commitment to integrating Environmental, Social, and Governance (ESG) considerations into its strategic priorities and operational processes.The report is structured in accordance with the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). It provides a comprehensive overview of Indegene's performance across governance, environmental stewardship, and social responsibility, reflecting...

Virtual Galaxy Infotech Limited Secures Cyber Security Operations Centre Work Order from Buldana District Central Co-operative Bank Ltd Virtual Galaxy Infotech Limited has secured a significant work order from The Buldana District Central Co-operative Bank Ltd. (BDCC) for the implementation and management of its Cyber Security Operations Centre as a Service (C-SoC SaaS).The partnership strengthens a long standing business relationship between Virtual Galaxy Infotech Limited and BDCC, which dates back to 2014. Since that time, the company has provided Core Banking Software (CBS) solutions, data centre and disaster recovery site infrastructure, hosting, and related products and services to the bank.Under the terms of the new...

Moschip Technologies Ltd to Review Financial Results for Quarter Ended June 30, 2026 Moschip Technologies Limited has scheduled a Board of Directors meeting to review and approve the company's unaudited financial results for the quarter ended June 30, 2026. The meeting is set to take place on July 24, 2026.The board will deliberate on both standalone and consolidated financial statements. The upcoming proceedings are expected to provide a comprehensive overview of the company's operational performance and financial standing for the specified period.In connection with these proceedings, the trading window remains closed for designated persons and their immediate relatives. This restriction continues until 48 hours after the...

Kalind Ltd to Hold Board Meeting on July 22 to Discuss Fund Raising Kalind Ltd has announced that its Board of Directors will convene on Wednesday, July 22, 2026, at the company's registered office to deliberate on key corporate actions, primarily focusing on fundraising initiatives.The board meeting is scheduled to discuss the raising of funds through various methods, which may include the issuance of equity shares for cash or other than cash considerations, including share swaps. The company is exploring a range of instruments and eligible securities to facilitate this capital infusion, such as convertible securities linked to equity shares.The potential funding methods under consideration include:CategorySpecific Methods...

China Stocks Plunge Amidst Liquidity Crunch Fears as Massive CXMT IPO Triggers Tech Sell-Off Chinese equities experienced a severe downward trajectory on Friday, pushing the country's benchmark indices toward their steepest weekly decline in two-and-a-half years. The sell-off was primarily driven by growing investor anxiety that the massive initial public offering (IPO) of memory chipmaker CXMT could absorb significant market liquidity.Market participants are also wary of a pipeline of additional large domestic IPOs, which have weighed heavily on sentiment particularly within the technology sector. This pressure extended to Hong Kong shares where technology stocks led a significant decline amid renewed tensions linked to the Iran...

Bank of Baroda to Consider Raising Foreign Currency Fund Through Bonds and Loans Bank of Baroda has scheduled a meeting of its Board of Directors on July 24, 2026, to deliberate on and approve plans for raising foreign currency funds. The proposed fundraising strategy includes the issuance of various bonds and additional borrowing through diverse loan facilities.The bank intends to explore several avenues for capital infusion, specifically highlighting the potential issuance of Green Bonds and ESG (Environmental, Social, and Governance) Bonds. These instruments are part of a broader framework to secure international funding for the institution. In addition to these specific bond types, the bank will evaluate other borrowing options...

Bank of Baroda to Consider Raising Foreign Currency Funds via Bonds and Loan Facilities Bank of Baroda has scheduled a meeting of its Board of Directors on July 24, 2026, to deliberate on a significant fund raising initiative. The primary objective of the meeting is to consider and approve the acquisition of foreign currency funds through the issuance of various instruments and external borrowing arrangements.The bank intends to explore multiple avenues for capital procurement, specifically focusing on the issuance of bonds. This includes a strategic focus on Green Bonds and ESG (Environmental, Social, and Governance) Bonds, alongside Certificate of Deposits.In addition to issuing securities, the bank is evaluating other borrowing...

Alkyl Amines Chemicals Limited to Review Quarter Ended June 30, 2026 Results Alkyl Amines Chemicals Limited has scheduled a meeting of its Board of Directors on Tuesday, August 4, 2026. The primary agenda for this meeting includes the consideration and approval of the company's unaudited financial results for the quarter that concluded on June 30, 2026.The board will review the performance metrics associated with the second quarter to provide an update on the operational and financial standing of the company for the period ending in June.ALKYLAMINE Stock Price Movement As of 12:25 PM, shares of Alkyl Amines Chemicals Limited are sliding by 4.11% in live trading, currently at ₹1811.4. The stock is experiencing heavy activity with a...

Shakti Pumps India Ltd to Host Q1 FY27 Earnings Conference Call on July 27 Shakti Pumps (India) Limited has announced that it will conduct an earnings conference call to discuss the company's un-audited financial results for the quarter ended June 30, 2026. The call is scheduled to take place on Monday, July 27, 2026, at 14:00 P.M. IST.The conference will feature participation from key management representatives to provide insights into the company's performance and operational updates for the first quarter of the fiscal year 2027.Management Participants The following members of the leadership team will be available during the call:NameDesignationMr. Dinesh PatidarChairmanMr. Ramesh PatidarManaging DirectorMr...

PTC Industries Secures Landmark Strategic Missile Sub-System Order from BrahMos Aerospace PTC Industries Limited has announced a significant milestone in its expansion into the high-value systems and sub-systems integration segment of the aerospace and defence sector. The company secured a landmark order from Brahmos Aerospace Private Limited for the development, integration, and supply of a strategic missile sub-system for the Brahmos programme.This contract marks a pivotal shift for PTC Industries as it moves downstream from providing critical materials and precision components to handling complex systems-level integration for advanced defence platforms. The project involves a mission-critical structural assembly designed to operate...

Rupee Plummets Toward Record Low as Oil Spike and Weak Inflows Trigger Sharp Depreciation The Indian rupee has slipped dangerously close to its record lows against the US dollar, facing intense pressure from a combination of surging crude oil prices, sluggish foreign capital inflows, and escalating dollar demand.On Friday, the currency was trading around 96.30 per US dollar, placing it just 0.55 percent away from its all-time low of 96.83 recorded on May 20. This recent slide has effectively wiped out all gains made following the Reserve Bank of India's June 5 measures designed to attract foreign capital.The depreciation came swiftly after US President Donald Trump announced the end of the Middle East ceasefire, causing the rupee to...

Motilal Oswal Initiates Coverage on Unimech Aerospace with Buy Rating as Stock Surges 40% YTD Motilal Oswal has initiated coverage on Unimech Aerospace, assigning a "Buy" rating to the company. The brokerage firm has set a target price of Rs 1,530, which implies a significant upside of 27% from current market levels.This positive outlook comes as the stock has already witnessed a substantial rally, gaining 40% on a year-to-date basis. Unimech serves as a critical supplier of specialized aero engine tools for major players including LEAP, Pratt & Whitney, and Rolls Royce, alongside airframe tools for Airbus and Boeing.Strategic Positioning and Market Tailwinds The bullish stance from Motilal Oswal is anchored in the company's ability...