Markets

South Indian Bank Reports Robust Net Profit of Rs. 377.63 Cr for Q1 FY 2026-27 South Indian Bank has announced a net profit of Rs. 377.63 Cr for the first quarter of FY 2026-27. This represents a significant growth of 17.29% compared to the Rs. 321.95 Cr reported in Q1 FY 2025-26.The bank's performance during the quarter was characterized by substantial improvements in asset quality and a record-breaking Net Interest Income. The Gross Non Performing Assets (GNPA) saw a significant reduction of 177 bps, falling from 3.15% to 1.38% on a year-on-year basis. Similarly, the Net Non Performing Assets (NNPA) dropped by 42 bps, moving from 0.68% to 0.26%.The bank also reported its highest-ever Net Interest Income of Rs. 1,025 Cr, marking a...

Hexaware Technologies Partners with Factory to Deploy Agent-Native Development for Global Enterprises Hexaware Technologies has announced a strategic partnership with Factory to bring agent-native software development to enterprise clients. The collaboration aims to support modernization, refactoring, and migration efforts across various sectors, including professional services and banking and financial services.Through this partnership, Hexaware will integrate Factory's Droid platform into its global delivery ecosystem. This allows engineering teams to build, test, modernize, and manage software within existing workflows. Hexaware has already utilized the platform internally as "Customer Zero," applying it to its own engineering...

ITC Hotels Reports Strong Growth in Q1 FY27 with Robust Revenue and Profit Gains ITC Hotels Limited has reported a period of sustained growth and accelerated expansion for the quarter ended June 30, 2026. Despite a volatile operating environment influenced by geopolitical tensions in West Asia and inflationary pressures, the company demonstrated significant resilience, characterized by double-digit growth in both revenue and profit.Financial Performance Overview The company achieved a robust performance in Q1 FY27, with consolidated revenue from operations reaching ₹ 936 cr., representing a 15% year-on-year increase. Profit After Tax (PAT) saw a significant jump of 36% to reach ₹ 182 cr. The EBITDA grew by 19% to ₹ 292 cr. during the...

Dodla Dairy Limited to Host Earnings Call for Q1 FY27 Results Dodla Dairy Limited has scheduled an earnings call to discuss the company's operational and financial performance for the quarter ended June 30, 2026. The session is set to provide insights into the results for the first quarter of the fiscal year 2027.The conference call is scheduled to take place on Monday, July 27, 2026, at 9:00 AM IST. The meeting will feature key members of the leadership team to address performance metrics and business updates.Event DetailsEvent TypeEarnings CallDateMonday, July 27, 2026Time9:00 AM ISTQuarterQ1 FY27Leadership Participation The following key executives from Dodla Dairy Limited will participate in the discussion:Mr...

Blue Water Logistics Limited Announces New Branch Office in Andhra Pradesh Blue Water Logistics Limited has announced the establishment of a new branch office located in Andhra Pradesh as part of its ongoing expansion strategy. The new facility is situated at Plot No. 504, 5th Floor, SRK Towers, Plot No. 60, Madhucon Layout, Kondur Village, Tada Mandal.The opening of this office is intended to strengthen the company's presence within the state of Andhra Pradesh. According to the company, the new branch will serve to enhance operational capabilities and improve customer engagement while supporting growing business activities in the region.BLUEWATER Stock Price Movement Blue Water Logistics Limited shares rallied today to settle at...

Rajgor Castor Derivatives Limited Announces Rights Issue of Equity Shares Rajgor Castor Derivatives Limited has approved the issuance of fully paid-up equity shares through a Rights Issue to its existing shareholders. The company's Board of Directors authorized the issuance for an aggregate amount not exceeding ₹ 23,91,58,520.The proposed rights issue involves equity shares with a face value of ₹ 10.00 each. The board has established a framework where specific terms, including the final issue price, right entitlement ratio, record date, and payment terms, will be determined by the Board of Directors. These details will be communicated to eligible shareholders holding equity shares as of the designated record date.To facilitate this...

GNA Axles Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 GNA Axles Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors of the company approved the standalone and consolidated financial results during a meeting held on July 16, 2026.The financial statements were reviewed by the Audit Committee before receiving board approval. For the quarter ended June 30, 2026, the company reported a total income of Rs. 47,175.52 lacs. The total expenses for the period amounted to Rs. 41,996.34 lacs on a consolidated basis.The company’s operations are primarily concentrated in the Auto Components segment. According to the financial statements, the...

Poonawalla Fincorp Ltd Announces Allotment of Secured Non-Convertible Debentures Poonawalla Fincorp Limited has approved the allotment of 25,000 secured, redeemable, rated, and listed non-convertible debentures through a private placement. The Finance Committee of the company granted approval for this transaction on July 16, 2026, following authorization from the Board of Directors.The issuance, identified as PFL NCD SERIES D2 FY 2026-27, carries a face value of ₹ 1,00,000 each, bringing the total issue size to ₹ 250,00,00,000 (Rupees Two Hundred and Fifty Crore only). The debentures are scheduled to be listed in the Debt Market Segment of BSE Limited.The instruments carry a coupon rate of 8.1390% p.a. with a tenure of 1,168 days...

Hero MotoCorp Enters German Market with Strategic Partnership and Euro 5+ Compliant Portfolio Hero MotoCorp has officially entered the German market, marking its fifth European country and 53rd country globally. The world's largest manufacturer of motorcycles and scooters established this presence through a distribution partnership with KSR Group to introduce a Euro 5+ compliant product portfolio.The company launched its entry with an event at Motorworld Metzingen, showcasing the performance and technology of its new lineup. This expansion builds on the existing presence of Hero MotoCorp in Italy, Spain, France, and the UK.Distribution and After-Sales Support To facilitate the rollout in Germany, KSR Group will initially utilize a...

Bharat J Dattani Resigns as Non-Executive Director of Rubfila International Ltd Rubfila International Ltd has announced the resignation of Mr. Bharat J Dattani from the company's Board of Directors. Mr. Dattani, who served as a Non-Executive Director (DIN 00608198), tendered his resignation via a letter dated July 15, 2026.The resignation was officially accepted by the Non-Executive Chairman of the company on July 16, 2026. The formal cessation of his directorship took effect on that same date.Details regarding the transition are summarized in the table below:Event DetailsInformationReason for ChangeResigned from Board of the Company as mentioned in the resignation letterDate of CessationJuly 16, 2026Terms of...

JNK India Limited Announces Cancellation of Incinerator Package Order JNK India Limited has confirmed the cancellation of an order for an incinerator package related to the TA'ZIZ Salt Project, located in Abu Dhabi, UAE. The contract was originally associated with CC7 Emirates Engineering Solutions L.L.C., UAE.The company received formal communication from CC7 Emirates Engineering Solutions L.L.C. on July 16, 2026, stating that the order stands cancelled. The termination is attributed to the lack of approval from the project licensor, which was a mandatory requirement for the performance and acceptance of the goods under the contract.The company has stated that the cancellation of this specific order will have no impact on declared...

KRONOX Lab Sciences Limited Clarifies Share Volume Movement KRONOX Lab Sciences Limited has addressed the recent significant increase in the trading volume of its shares across various stock exchanges. The company issued a statement clarifying that the management of the organization is not connected to the rise in trading activity observed in the recent past.The company maintains that it remains committed to adhering to all applicable requirements and ensuring transparency in its operations. While acknowledging the increased volume, the company stated that the current movement does not involve any direct involvement or influence from the management team.BASF Stock Price Movement BASF India Limited shares rallied today to settle at...

Panacea Biotec Limited Files Final Appeal Against Industrial Tribunal Awards Panacea Biotec Limited has officially filed an appeal before the Hon'ble High Court of Punjab and Haryana, Chandigarh, regarding a fourth award issued by the Industrial Tribunal in S.A.S Nagar, Mohali. This legal action follows previous appeals filed by the company against three other awards received from the same tribunal.The judicial proceedings stem from four awards originally received on April 9, 2026. In these awards, the Presiding Officer of the Industrial Tribunal issued several directives affecting the company's workforce and financial obligations dating back to 2014. These include:Setting aside the transfer of 23 workmen and granting full back...

7NR Retail Limited Announces Resignation of Managing Director cum Chairperson 7NR Retail Limited has announced the resignation of Mr. Chetan Kumar Ojha from his position as Managing Director cum Chairperson of the company. The resignation is effective as of July 16, 2026.The leadership transition follows a formal resignation letter submitted by Mr. Ojha, who cited personal reasons for stepping down from his dual role. The company has confirmed that there are no other material reasons for his departure beyond those explicitly stated in the resignation documentation.ParticularsDetailsNameMr. Chetan Kumar OjhaDesignationManaging Director cum ChairpersonReason for ChangePersonal ReasonsDate of CessationJuly 16, 2026The...

Poonawalla Fincorp Ltd Grants 1,75,000 Stock Options Under Employee Stock Option Plan Poonawalla Fincorp Ltd has approved the grant of 1,75,000 stock options to eligible employees under Tranche 44 of its Employee Stock Option Plan-2024-Scheme-II (ESOP-2024-Scheme-II). The approval was granted by the Nomination and Remuneration Committee of the Board of Directors on July 16, 2026.The stock options have been issued at an exercise price of Rs. 473.25 per share. These options are subject to a vesting schedule as defined within the specific terms of the ESOP-2024-Scheme-II.The company confirmed that the grant of these stock options aligns with the applicable provisions of the Share Based Employee Benefits and Sweat Equity Regulations...

Borosil Renewables Limited Announces Financial Results for Quarter Ended June 30, 2026 Borosil Renewables Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were approved by the Board of Directors during a meeting held on July 16, 2026.The company operates primarily in the manufacturing of Flat Glass. For the quarter ended June 30, 2026, the company reported a total income of Rs. 41,967.96 Lakhs against total expenses of Rs. 30,133.23 Lakhs. This resulted in a profit before exceptional items and tax of Rs. 11,834.73 Lakhs.On a consolidated basis, the group reported a total income of Rs. 41,967.93 Lakhs for the same period. The total expenses for the...

Piramal Finance Reports 67% YoY Growth in Profit for Q1 FY27; Board Approves ₹4,000 Crore Fund Raise Piramal Finance Limited has reported a significant surge in profitability for the first quarter of the fiscal year 2027. The Non-Banking Financial Company (NBFC) recorded a Profit After Tax (PAT) of ₹461 crore for the quarter ended June 30, 2026, marking a 67% increase compared to the same period last year.The company's Assets Under Management (AUM) grew 25% Year-on-Year (YoY) to reach ₹1,06,940 crore. This growth was primarily driven by a 32% YoY rise in Growth AUM, which excludes the discontinued legacy business. Retail disbursements saw a substantial jump of 44% YoY to ₹12,527 crore, reflecting strong demand and sustained business...

Mafatlal Industries Ltd to Review Un-audited Financial Results for June Quarter Mafatlal Industries Limited has scheduled a Board of Directors meeting on August 7, 2026, to deliberate on and approve the company's un-audited financial results for the quarter ending June 30, 2026.The upcoming board meeting serves as the primary forum for reviewing the company's performance during the June quarter. The results will provide a comprehensive overview of the operational and financial standing of the organization for that specific period.Trading Window TimelineIn connection with the announcement of these results, the company continues to observe a trading window closure for its equity shares. The restricted period began on July 1, 2026...

CRISIL Upgrades Long-Term Rating of Vedanta Oil and Gas Limited CRISIL Ratings Limited has upgraded the long-term rating of Vedanta Oil and Gas Limited (VOGL). The agency announced the update on July 16, 2026, indicating a positive shift in the company's credit profile.The agency upgraded the long-term rating to 'Crisil AA+/Stable' and subsequently removed the company from the watch developing category. Additionally, the short-term rating for the entity has been withdrawn.The specific rating adjustments are detailed in the table below:Name of the CompanyRatingVedanta Oil and Gas LimitedCrisil AA+ (Stable) (Previously Crisil A+/Watch Developing/Crisil A1+)This rating action reflects a significant revision from the previous...

Tata Motors Enters into Memorandum of Understanding with UCO Bank for Commercial Vehicle Financing Tata Motors Limited has confirmed the execution of a Memorandum of Understanding (MoU) with UCO Bank to facilitate commercial vehicle financing. The company stated that this agreement was entered into in the ordinary course of business and does not include any binding commercial terms.The partnership is intended to streamline financing options for customers purchasing commercial vehicles, representing a routine operational expansion for the automotive manufacturer. According to the company, the arrangement serves as a foundational framework for financing activity rather than a definitive commercial contract with immediate financial...