Markets

Ather Energy QIP Sees Massive 8x Demand as Institutional Bids Surpass Rs 10,000 Crore Ather Energy Ltd has witnessed an overwhelming surge in investor interest following the launch of its Qualified Institutional Placement (QIP). The company reported that bids worth over Rs 10,000 crore were received for the Rs 1,300-crore issue, representing more than eight times the total size of the offering.Sources from a leading brokerage indicate that this massive influx of capital stems from some of the largest domestic and foreign institutional investors in the country. This heavy bidding activity underscores a profound appetite among high-profile investors for Ather’s position within the evolving electric vehicle landscape.Institutional...

Dolphin Offshore Enterprises (India) Limited to Review Quarterly Financial Results Dolphin Offshore Enterprises (India) Limited has scheduled a meeting of its Board of Directors on July 24, 2026, to deliberate on the company's financial performance for the quarter ending June 30, 2026.The primary agenda for the board meeting includes the consideration and approval of the un-audited financial results for both Standalone and Consolidated positions. The Board will also review the Limited Review Report provided by the statutory auditors for the same period. Additionally, the meeting will provide a platform to transact any other business with the permission of the Chairperson.The company has maintained its trading window restrictions in...

Poonawalla Fincorp Ltd Allots Equity Shares Under Employee Stock Option Scheme Poonawalla Fincorp Ltd has announced the allotment of 13,506 equity shares as part of the company's Employee Stock Option Schemes. The decision was approved by the Nomination and Remuneration Committee of the Board of Directors on July 16, 2026.The newly allotted equity shares carry a face value of Rs. 2/- each. These shares will rank pari-passu with the existing equity shares of the company in all respects from the date of allotment.Following this issuance, the total issued, subscribed, and paid-up equity share capital of Poonawalla Fincorp Ltd will increase to Rs. 1,761,024,388.00. This represents a total of 880,512,194 equity shares with a face value...

Wipro Announces Quarterly Results for Period Ended June 30, 2026 Wipro Limited has announced its financial results for the quarter ended June 30, 2026, under International Financial Reporting Standards (IFRS). The company reported a steady performance with growth in several key metrics compared to the same period last year.Financial Highlights For the quarter ended June 30, 2026, Wipro reported gross revenue of ₹ 244.8 billion ($2,585.9 million), representing a 10.6% year-on-year increase and a 1.0% increase on a quarter-on-quarter basis. The IT services segment specifically saw revenues of $2,614.5 million, an increase of 1.0% year-on-year.Net income for the period stood at ₹ 33.6 billion ($354.6 million), which is a 0.6% increase...

Hero MotoCorp Expands Global Footprint into Germany With New Distribution Partnership Hero MotoCorp has officially entered the German market, marking its fifth European country and 53rd country globally. The company established a distribution partnership with KSR Group to introduce its Euro 5+ compliant product portfolio, headlined by the XPulse 200 4V series.The expansion marks a significant milestone in the company's global growth strategy. By entering Europe’s largest economy, Hero MotoCorp builds upon its existing presence in Italy, Spain, France, and the UK. The brand aims to provide German riders with precision engineering and high-performance products that offer an accessible ownership experience.To facilitate the rollout...

Polycab India Limited Reports Unaudited Interim Condensed Standalone Financial Results for Quarter Ended June 30, 2026 Polycab India Limited has released its unaudited interim condensed standalone financial statements for the three-month period ended June 30, 2026. The company, a prominent manufacturer of wires and cables and a player in the Fast Moving Electrical Goods (FMEG) space, reported a significant increase in net profit compared to the same period in the previous year.Financial Performance Overview For the quarter ended June 30, 2026, the Company recorded a profit for the period of ₹ 7,662.75 million. This represents a substantial growth from the audited profit of ₹ 5,649.99 million reported for the three-month period ended...

BHEL Reports Massive Turnaround with Rs 376.71 Crore Profit in June Quarter State-owned engineering giant Bharat Heavy Electricals Limited (BHEL) reported a significant financial turnaround for the June quarter, posting a consolidated net profit of Rs 376.71 crore.This performance marks a dramatic recovery compared to the first quarter of the preceding 2025-26 fiscal year, where the company suffered a loss of Rs 455.50 crore.The official exchange filing highlights a major shift in the company's financial trajectory as it navigates a demanding operational landscape.Significant Revenue Growth Fueled by Power Segment Dominance BHEL saw its total income surge to Rs 7,911.86 crore during the April-June period, up significantly from the...

Karamtara Engineering Preps Massive Rs 1,750 Crore IPO Launch as Clean Energy Expansion Accelerates Karamtara Engineering Ltd. is poised to enter the public markets with a significant initial public offering (IPO) scheduled for as early as August. The company, a prominent backward-integrated manufacturer catering to the renewable energy and transmission line sectors, aims to raise up to Rs 1,750 crore.The move comes after the firm successfully secured regulatory approval from the Securities and Exchange Board of India (SEBI) in June 2025. Sources familiar with the matter indicate that the company is currently in the final stages of preparing the public issue for launch.Strategic Breakdown of the Proposed Public Issue The structured...

Elgi Equipments Subsidiary Receives US$ 2.68 Million Tariff Refund Elgi Equipments Ltd has reported that its wholly owned subsidiary, Elgi Compressors USA INC, has secured a tariff refund from U.S. Customs and Border Protection (CBP). The refund amount is US$ 2.68 million, which is approximately equivalent to ₹ 25.6 crores.The refund follows specific directives issued by the US Supreme Court to the US Government. These instructions mandated the refund of excess tariffs that were collected from importers.Entity InvolvedRefund Amount (USD)Refund Amount (INR)Elgi Compressors USA INCUS$ 2.68 million₹ 25.6 croresELGIEQUIP Stock Price Movement Elgi Equipments Limited shares rallied 1.59% today to settle at ₹580.1. The stock saw a...

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...