Markets

Vedanta Group Stocks Face Profit Booking as Key Companies See Production Shifts Shares of three major Vedanta Group entities witnessed profit booking for the second consecutive day on July 6, seeing notable declines in trading. The stocks declined, reflecting ongoing operational reviews and Q1 production data across the conglomerate's divisions.Vedanta Oil and Gas saw a decline of 8%, trading at Rs 39.26 apiece. Meanwhile, Vedanta Iron and Steel and Vedanta Power dropped 5% and 5.5%, respectively. These movements underscore investor caution following internal operational updates provided by the group.Vedanta Oil and Gas Reports Production Downturn Despite Financial Resilience Vedanta Oil and Gas (VOG) released production data for...

Auto Stocks Surge as Kotak Backs Bajaj, TVS: Q1 Earnings Preview Points to Strong Performance for 2W Players Shares across the automobile sector traded higher on Monday after Kotak Institutional Equities released a detailed preview of the upcoming earnings season. The report highlighted significant opportunities within two-wheeler manufacturers and diversified auto ancillary companies.Bajaj Auto saw shares climb 2.07% to Rs 9,988 on the NSE. TVS Motor gained 2.06%, reaching Rs 3,702.10. Apollo Tyres advanced 2.01% to Rs 457.50, while Ashok Leyland rose 1.70% to Rs 167.14.The bullish trend was also seen in CEAT, which added 0.97% to Rs 3,836.20, and Maruti Suzuki, which rose 0.27% at Rs 14,405. These movements reflect the market's...

Aegis Logistics Announces Key Dates for 69th AGM and E-voting Schedule Aegis Logistics Limited has announced critical dates pertaining to its forthcoming 69th Annual General Meeting (AGM), along with details regarding the dividend eligibility criteria and electronic voting facility.The company's 69th AGM is scheduled to be held on Friday, August 07, 2026, at 3:00 p.m. IST. The meeting will be conducted via Video Conference (VC) or Other Audio Visual Means (OAVM).Key Timelines and Dividend Details Aegis Logistics has fixed July 10, 2026, as the Record Date. This date is designated for determining which members are eligible to receive the Final Dividend for the financial year 2025-26. The payment of this Final Dividend, should it be...

Shetron Ltd Announces Record Date for Dividend Entitlement Determination Shetron Limited has announced key dates related to shareholder entitlements concerning the Financial Year 2025-26 dividend, setting a specific record date for shareholders.The company confirmed that the record date, which determines the entitlement of Shareholders to receive the Dividend for the Financial Year 2025-26—provided it is declared at the ensuing Annual General Meeting—will be Friday, July 24, 2026.For the purposes of determining shareholder status and dividend entitlement, Shetron Limited has specified a period during which its registers will be closed. The Register of Members and Share Transfer Books will remain closed from Saturday, July 25, 2026...

Innomet Advanced Materials Approves Preferential Allotment of Equity Shares and Warrants Innomet Advanced Materials Limited, formerly INNOMET ADVANCED MATERIALS PRIVATE LIMITED, announced that its Board of Directors approved two significant preferential allotment schemes for equity shares and equity share warrants. The resolutions were passed during a meeting held on July 6, 2026.The company has plans to create and issue up to 4,50,000 equity shares of Rs. 10/- each to the non-promoter category. These shares are being offered at a price of Rs. 131.00/- per share.In the same resolution, Innomet Advanced Materials approved the offer of up to 5,00,000 fully convertible equity share warrants to the promoter category members. These...

Dev Information Technology Secures Order from HARTRON to Develop Haryana State Legal Knowledge System Dev Information Technology Limited has been awarded a work order by Haryana State Electronics Development Corporation Limited (HARTRON), a State Government Undertaking. The contract involves the Design, Development, Implementation and Maintenance of the Haryana State Legal Knowledge System for the Chief Secretary Office, Government of Haryana.The total value of the order stands at approximately INR 73 Lakhs. This engagement falls under the category of fixed cost and represents a domestic transaction.Dev Information Technology Limited will be responsible for delivering the legal knowledge system to HARTRON. The scope of work includes...

LTM Launches BlueVerse TM RightLogic Framework to Address Cyber Risk in AI Era Mumbai, India – LTM, a Business Creativity partner to large enterprises, has launched BlueVerse TM RightLogic, a specialized cybersecurity assessment and risk assurance framework. The tool is designed to help organizations identify, assess, and remediate cyber exposure as they accelerate their adoption of Artificial Intelligence (AI).The rise of autonomous AI capabilities has elevated cyber risk from a technology concern to a critical board-level priority. With infrastructure, applications, and supply chain exposures constantly expanding, enterprises face significant challenges maintaining visibility and responding effectively to emerging threats...

Apollo Tyres Unveils Sustainability Performance for FY2025-26; Reports Significant Progress in GHG Reduction and Resource Efficiency Apollo Tyres Ltd. has released its Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26, detailing extensive operational data across environmental stewardship, social impact, and economic performance. The company reported improved efficiency metrics across resource consumption while setting ambitious targets toward net zero emissions by FY50.The sustainability report highlights that Apollo Tyres is committed to managing risks related to climate change and resource scarcity through its integrated governance framework. A key focus area for the organization includes...

MethodHub Partners with Datafoundry to Modernize AI-Driven Pharmacovigilance and Pharma-Tech Offerings Methodhub Software Limited, a global AI-centric technology services company, has announced a strategic partnership with Datafoundry, a leading provider of purpose-built AI/ML SaaS solutions for pharmacovigilance (PV) and life sciences. This collaboration aims to deliver end-to-end, technology-led PV and pharma-tech solutions to pharmaceutical, biotech, and life sciences enterprises worldwide.The industry is undergoing rapid transformation driven by evolving regulatory intensity and digital advancements. For highly regulated sectors like pharmaceuticals, maintaining compliance requires embracing Industry 4.0 principles, which mandate...

Ador Welding Ltd Sets Record Date for Final Dividend Following Board Recommendation Ador Welding Ltd has announced the record date for determining the eligibility of members entitled to receive a significant dividend. The company set Thursday, July 16, 2026, as the date against which shareholders must be recorded to avail the benefit.The decision follows a recommendation made by the Board of Directors on April 29, 2026. The Board recommended a Final Dividend equivalent to 230% of the face value for the financial year 2025-26.Under this declaration, Ador Welding Ltd offered a dividend of Rs. 23 per Equity Share. The stock has a face value of Rs. 10 each.The company confirmed that all eligible members must be in the records on July...

Webasto Targets $2 Billion Valuation in IPO as Sunroof Maker Eyes Massive India Listing German automotive components giant Webasto is planning a major initial public offering (IPO) of its Indian unit, potentially valuing the company at approximately $2 billion. This proposed listing targets an issue size between $400 million and $500 million by 2027, according to those familiar with the matter. Axis Capital and JM Financial have been appointed as the investment banks managing this significant corporate action.The planned IPO comes amidst a period of aggressive expansion for Webasto Roofsystems India in the rapidly growing Indian market. The company supplies critical roof systems to major automakers including Tata Motors, Hyundai Motor...

Escorts Kubota CFO Bharat Madan Participates in Live Interview with NDTV Profit Escorts Kubota Limited announced that Mr. Bharat Madan, a key executive within the organization, participated in a live interview with NDTV Profit on July 6, 2026.The interaction featured Mr. Madan, who holds the position of Whole-time Director and Chief Financial Officer at Escorts Kubota Limited. The event was conducted with the English Business News channel, NDTV Profit.ESCORTS Stock Price Movement Shares of Escorts Kubota Limited are edging higher as of 12:33 PM today, trading at ₹2994.5 after a gain of 1.00%. Traded volume stands at 128,112 shares so far in the market.

Raymond Stock Surges as Company Taps Ex-BEL CEO to Spearhead Defence Vertical Expansion Strategic Appointment Drives Market Rally Raymond Ltd witnessed a significant rally on Monday, following the announcement of its expansion into the critical defence and aerospace sector. The company appointed Bhanu Prakash Srivastava, former chief of Bharat Electronics Ltd (BEL), to lead its burgeoning defence business. This strategic move was met positively by the market, driving shares up nearly 4 percent.The stock saw a high of Rs 632 per share on the NSE. While it later pared some gains, trading at Rs 623.45 at 12:25 pm, Raymond still showed strong momentum, reflecting an increase of 2.56 percent.Enhancing Defence Capabilities with...

Faalcon Concepts Ltd Secures Rs 101,92,58,750 Order for Glazing Facade Work Faalcon Concepts Limited has received a significant new work order from Splendor Information Technology Private Limited for the design, fabrication, construction, and installation of aluminium glazing façade work. The contract is valued at Rs 101,92,58,750.The project involves work at the commercial building, Splendor ONYX, located in Sector - 142, Noida 201305, Uttar Pradesh, India. Faalcon Concepts Ltd will be responsible for the complete scope of design and installation related to the glazing façade on the commercial structure.The contract has a duration spanning three years. Terms include monthly billing tied to material delivery and performance...

Kalind Ltd Announces Record Dates for Share Sub-Division and Bonus Issue Kalind Ltd has announced the record date for two significant corporate actions: the sub-division of its equity shares and the issuance of bonus shares. These capital restructuring events are set for Friday, July 24, 2026.The company’s decisions regarding share structure include a sub-division of the face value of existing equity shares and the distribution of bonus equity shares. The specifics of these corporate actions, along with their respective record dates, are provided below:Record DatePurposeDescriptionFriday, July 24, 2026Sub-Division of Face Value of Equity SharesDivision of one equity share of face value ₹ 10 each (fully paid-up) into five equity...

LTM Limited Announces Q1 FY27 Earnings Conference Call Details LTM Limited has set the schedule for its Q1 FY27 Earnings Conference Call, providing stakeholders an opportunity to review the company’s performance and engage with management. The event is scheduled for Saturday, July 11, 2026, at 20:00 hours IST.The conference call will feature a briefing on the Q1 FY27 performance by the management team. Following the discussion, attendees will be able to participate in an interactive Question and Answer session.Participants are requested to register using the specified link to join the event. Furthermore, LTM Limited confirmed that a recording and transcript of the conference call will be made available on its investor relations...

MCLR Revision Announced: Tamilnad Mercantile Bank Details Changes Effective July 7 Tamilnad Mercantile Bank Limited has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR). The revised rates will be applicable starting from July 7, 2026.The bank provided details regarding the adjustments across various lending tenors. The MCLR revisions reflect changes in the existing rate structure for consumers.Key updates to the MCLR are presented below:TenorExisting RateRevised RateOvernight7.60%7.70%One Month MCLR7.60%7.70%Three Month MCLR8.30%8.40%Six Month MCLR8.85%8.95%One Year MCLR9.25%9.35%PSB Stock Price Movement As of 12:28 PM, shares of Punjab & Sind Bank are slipping by 0.04%, currently...

Ceinsys Tech Ltd Approves Joint Venture for Sovereign AI Infrastructure and Appoints New Deputy CFO Ceinsys Tech Ltd has announced two significant developments stemming from its Board of Directors meeting held on July 6, 2026. The company approved the formation of a joint venture (JV) with AI Fabrik, Inc., USA, aimed at establishing sovereign AI infrastructure in India. Additionally, Ceinsys appointed CA Richa Jain as Deputy Chief Financial Officer (Dy. CFO).The Board approved the creation of the JV Company, which is slated to focus on projects related to creating a sovereign AI infrastructure and services platform within India. This platform is designed to serve Indian government bodies, citizen services, corporate clients...

Tamilnad Mercantile Bank Revises Marginal Cost of Funds Based Lending Rate (MCLR) Tamilnad Mercantile Bank Limited has announced a revision to its Marginal Cost of Funds Based Lending Rate (MCLR), effective from July 7, 2026. The changes pertain to various lending tenors and have been made public by the bank.The MCLR revisions cover rates ranging from Overnight to One Year tenures. Customers and stakeholders are informed of the new rate structure across different periods as detailed below:TenorExisting RateRevised RateOvernight7.60%7.70%One Month MCLR7.60%7.70%Three Month MCLR8.30%8.40%Six Month MCLR8.85%8.95%One Year MCLR9.25%9.35%TMB Stock Price Movement As of 12:24 PM, shares of Tamilnad Mercantile Bank...

Life Insurance Corporation of India Reports Strong Growth and Operational Efficiency in Latest Performance ReviewThe Life Insurance Corporation of India (LIC) has demonstrated sustained leadership and operational efficiency across key financial indicators, as reflected in its recent performance review, showcasing robust growth alongside a massive commitment to digital transformation and ESG initiatives.A detailed look at the corporation's financial parameters reveals consistent improvement across metrics such as Net Worth, Assets Under Management (AUM), and profitability margins.Financial Performance Snapshot The following table outlines LIC’s key business parameters in USD million (mn) across several fiscal years...