Markets

Sneijeev Ventures Pvt. Ltd. Acquires Shares in Amerise Biosciences Ltd. Amerise Biosciences Ltd. has reported a transaction involving the acquisition of shares by Sneijeev Ventures Pvt. Ltd., acting alongside several Persons Acting in Concert (PAC). The acquisition was executed through open market transactions, resulting in a shift in the shareholding structure of the company.The acquirer, Sneijeev Ventures Pvt. Ltd., is not part of the promoter or promoter group of Amerise Biosciences Ltd. The transaction involves participants including Rushank S. Lunkad, Sneha Lunkad, Riddhi Lunkad, and Sanjeev Lunkad as Persons Acting in Concert (PAC).Before this transaction, the acquirer held 6,153,446 shares, representing a 9.31% stake in the...

Belding India Ltd to Seek Direct Listing of Equity Shares on NSE Main Board Belding India Ltd has approved a proposal to apply for the direct listing of its existing equity shares on the Main Board of the National Stock Exchange of India Limited (NSE).The company confirmed that the Board of Directors passed a Circular Resolution on July 17, 2026, to authorize the application process. This move aims to establish the company's presence on the NSE Main Board for its current equity shares.The listing of these shares remains subject to the procurement of all necessary permissions and approvals from the National Stock Exchange of India Limited and other relevant regulatory authorities. The company intends to begin the formal application...

HDFC Asset Management Launches New FTSE India ETF to Offer Seamless Market Exposure HDFC Asset Management Company Limited has officially announced the launch of the HDFC FTSE India ETF, a new open-ended scheme designed to replicate and track the performance of the FTSE India Index (TRI). This strategic move provides investors with a streamlined vehicle to gain exposure to large and mid-cap Indian companies within the popular Exchange Traded Fund (ETF) format.The fund is structured to offer returns that are commensurate with the performance of the underlying index, subject to tracking error. By mirroring the FTSE India Index, the scheme provides a transparent and diversified investment avenue for those seeking long-term growth in the...

CBDT Notifies New Cost Inflation Index for FY 2026-27 to Reduce Long-Term Capital Gains Tax Liability The Central Board of Direct Taxes (CBDT) has officially notified the Cost Inflation Index (CII) for the financial year 2026-27, providing a critical update for taxpayers planning to sell long-term capital assets.Under Notification No. 85/2026, the Income Tax Department has set the CII for the tax year 2026-27 at 384. This new index figure is scheduled to take effect on April 1, 2026.The announcement follows a steady climb in inflation adjustments, with the CII for financial year 2025-26 standing at 376. Tax experts note that this update remains a cornerstone for calculating the purchase price of assets adjusted for inflation over...

Rupee Gains 14 Paise as Sensex Jumps Amid Escalating West Asian Tensions The Indian rupee witnessed a modest recovery in early trade on Friday, gaining 14 paise to settle at 96.28 against the US dollar. This appreciation follows a four-day depreciation streak where the currency shed 17 paise to reach 96.42 on Thursday.Market participants noted that while domestic equity markets provided a positive tailwind for the local unit, several global headwinds capped the upside potential. Heavy foreign institutional investor (FII) outflows and elevated crude oil prices continue to exert pressure on the rupee's trajectory.Geopolitical Friction and Safe-Haven Demand in West Asia The currency remained under pressure as US airstrikes expanded...

RBI Announces Second 3-day Variable Rate Repo Auction to Manage Liquidity Levels The Reserve Bank of India has officially announced that it will conduct a second Variable Rate Repo (VRR) auction on Friday, July 17, 2026. This move comes following a comprehensive review of current and evolving liquidity conditions within the financial system.The auction serves as a critical tool for the central bank to regulate market liquidity by absorbing excess funds. By conducting this operation under the Liquidity Adjustment Facility (LAF), the RBI aims to maintain a stable monetary environment.Specifics of the July 17 Variable Rate Repo Auction The Reserve Bank has notified a specific amount of ₹50,000 crore for the upcoming auction. The...

RBI Announces Results for 3-day Variable Rate Repo Auction as Bids Surpass Notified Amount The Reserve Bank of India (RBI) has officially released the results of the 3-day Variable Rate Repo (VRR) auction conducted on July 17, 2026. The auction saw significant participation from market participants, with total bids received substantially exceeding the initial notified amount.The central bank announced that the total amount of bids received stood at ₹1,09,823 crore against a notified amount of ₹75,000 crore for the 3-day tenor. This high demand highlights active liquidity management within the interbank market during this period.Auction Allocation and Interest Rate Dynamics The RBI successfully allotted a total of ₹75,003 crore to...

BikeWo Partners with Yubhas Renewables to Launch Solar-Assisted EV Pilot for Rural Mobility BikeWo Green Tech Limited has entered into a strategic partnership with Yubhas Renewables Private Limited to initiate the operational validation of solar-assisted electric three-wheelers. The collaboration focuses on vehicles specifically designed for rural and semi-urban mobility applications, aiming to enhance last-mile connectivity through sustainable transportation.The initiative will utilize BikeWo's established rider network and operational expertise to test the vehicle under real-world commercial conditions. This pilot program is designed to evaluate critical performance metrics to ensure the vehicle is prepared for full market...

Ratnaveer Precision Engineering Limited Receives In-Principle Approval for Proposed Rights Issue Ratnaveer Precision Engineering Limited has received in-principle approval to proceed with a proposed rights issue of equity shares. The company intends to issue up to Rs. 330 Crores worth of fully paid-up equity shares on a rights basis to its eligible equity shareholders.The issuance will involve equity shares with a face value of Rs. 10 each. The details regarding the specific number of shares, the issue price, and the entitlement ratio are to be finalized by the company.Approval Framework The approval was granted by both the National Stock Exchange of India Limited (NSE) and BSE Limited. These permissions are subject to the company...

State Bank of India Announces Prospectus Filing for SBI Funds Management Limited IPO State Bank of India has received confirmation from its subsidiary, SBI Funds Management Limited (SBIFM), regarding the filing of the Prospectus dated July 16, 2026. This filing was submitted with the Registrar of Companies, Mumbai - I, in connection with the initial public offering (IPO) of SBIFM.The IPO follows a series of previous updates, including the filing of the Red Herring Prospectus on July 8, 2026, an addendum filed on July 10, 2026, and the finalization of the offer price in mid-July 2026.Offer Structure and Share Allocation The IPO was conducted through a book-building process and involves an offer for sale (OFS) of equity shares. The...

LTM Partners with Glean to Accelerate Enterprise AI Adoption LTM has announced a strategic partnership with Glean, an enterprise AI platform designed to connect and understand organizational knowledge across various applications, systems, and workflows. The collaboration aims to help large enterprises unlock greater value from their AI investments by providing a trusted context foundation for accurate, governed, and outcome-driven results.The partnership addresses the challenge of fragmented knowledge distributed across multiple business applications and data sources. By integrating Glean’s AI platform, which features an enterprise knowledge graph, AI-powered search, assistants, and agents, organizations can provide employees with...

Alpine Texworld IPO Allotment Finalised Today as Grey Market Premium Signals Flat Listing Investors awaiting the allotment status of the Alpine Texworld Limited initial public offering (IPO) can now see the results today, July 17. The Rs 126.25 crore issue saw a subscription period from July 14 to July 16, ending with the offer being booked 1.4 times.Data from the National Stock Exchange confirms that bids were received for 1,68,62,642 shares against the total 1,20,24,000 shares on offer. The demand was spearheaded by Retail Individual Investors (RIIs), who subscribed to their reserved portion 1.53 times.The Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) categories each saw a subscription of 1.09 times...

Jio Set to Launch India's First Homegrown Satellite Constellation After Technical Nod for 1,600 LEO Satellites Reliance Jio has received a critical technical green light for its ambitious plan to deploy approximately 1,600 low Earth orbit (LEO) satellites. Authorities have validated the proposal as technically sound and comparable to global benchmarks like SpaceX's Starlink.The evaluation was conducted by a high-level panel including the Indian National Space Promotion and Authorisation Centre (IN-SPACe), the Indian Space Research Organisation (ISRO), and the Wireless Planning and Coordination wing of the Department of Telecommunications (DoT).This technical clearance is expected to facilitate government support for the Mukesh...

SBI Funds Management IPO Allotment Status Set to Trigger Today After Massive 41-Times Subscription The investor community is bracing for a major update today, July 17, as the allotment status for the Rs 9,813-crore SBI Funds Management initial public offering (IPO) is finalized. The issue witnessed an overwhelming response on its final bidding day, where it was booked over 41.66 times.This public offer, which remained open from July 14 to July 16, garnered total bids worth nearly Rs 2.98 lakh crore. This massive demand positions the offering as India's fifth-largest IPO by total bid value. It currently ranks behind notable issues like Reliance Power, LG Electronics India, Bajaj Housing Finance, and ICICI Prudential AMC.Explosive...

WeWork India Shares Slide 5% Despite Significant Revenue Surge and Narrowing Q1 Losses WeWork India Management shares faced significant selling pressure during Friday's trading session, dropping 5.32% to close at Rs 689.35. This decline occurred despite the company reporting a substantial narrowing of net losses and robust revenue growth for the June 2026 quarter (Q1FY27).The stock remains under scrutiny as investors weigh immediate price action against the underlying operational expansion reported in the company's latest regulatory filing. While the near-term sentiment appears cautious, the fundamental data highlights a shift toward improved financial performance and a strengthened market footprint.Robust Revenue Growth and...

China Pivots to Rapid Infrastructure Execution as Beijing Battles Local Investment Slump China is accelerating the rollout of pre-approved national infrastructure projects to stabilize economic growth amid a sharp decline in local government investment. This strategic move aims to cushion the impact of tighter provincial budgets while ensuring the central government maintains strict oversight over spending.Policy experts suggest this approach seeks to mitigate long-standing issues such as industrial overcapacity and persistent deflationary pressures. By focusing on existing projects rather than broad-based fiscal stimulus, Beijing intends to support growth without fueling further inefficiencies in infrastructure development...

Rajesh Power Services Ltd Secures Orders Worth Rs. 34.37 Crores from PGVCL and RVPNL Rajesh Power Services Ltd has secured new business orders totaling Rs. 34.37 crores (including taxes) from two major power utilities: Paschim Gujarat Vij Company Limited (PGVCL) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL). These contracts were obtained in the normal course of business.The company will execute work for PGVCL involving SCADA Readiness and the Rectification of Ring Main Units (RMUs), which includes a Complete Cover Warranty Maintenance Contract (CMC). This project covers the jurisdictions of the Bhavnagar Circle, Jamnagar Circle, and Rajkot Circle of PGVCL.Additionally, Rajesh Power Services Ltd has received an order from...

Reliance Industries and Banking Giants Take Center Stage as 33 Companies Unveil Q1 Earnings The Indian equity markets are braced for a high-intensity earnings season as 33 companies, including heavyweights like Reliance Industries (RIL), prepare to release their results for the April-June quarter. Investors are closely monitoring the Mukesh Ambani-led conglomerate as it remains the primary focus of Friday's reporting cycle.Other significant players scheduled to report on Friday include JSW Steel, Federal Bank, Havells India, Oberoi Realty, RBL Bank, Poonawalla Fincorp, Tata Technologies, and Central Bank. This heavy concentration of data points is expected to drive significant volatility and liquidity across the indices.Mixed...

Sanjeev Lunkad Crosses 5% Threshold in Purple Agrotech Industries Ltd Shares Sanjeev Lunkad, along with Persons Acting in Concert (PAC), has acquired a significant stake in Purple Agrotech Industries Ltd, bringing their total shareholding to over 5% of the company's total capital. The acquisition was completed through open market transactions.The transaction involved the acquisition of 7,500 equity shares, which elevated the holding from 4.92% to 5.01%. The purchase was finalized on July 15, 2026, marking the date on which the holding crossed the 5% threshold.Sanjeev Lunkad is the primary acquirer, with Rushank S. Lunkad, Sneha Lunkad, Riddhi Lunkad, and Snehjeev Ventures Pvt. Ltd. identified as Persons Acting in Concert (PAC). The...

US Homebuilder Sentiment Plummets as High Mortgage Rates and Geopolitical Tensions Strain Housing Market US homebuilder sentiment unexpectedly weakened in July as elevated mortgage rates and growing economic uncertainty continued to weigh on housing demand, according to a survey released on Thursday.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index fell two points to 34 in July from an upwardly revised reading of 36 in June. This marks the 15th consecutive month that the index has remained below 40, missing the steady reading of 35 expected by economists polled by Reuters.Builders continue to face weak buyer demand as many prospective homeowners delay purchases while waiting for mortgage rates to...