Markets

Devson Catalyst Limited Authorizes Key Personnel for Materiality and Disclosure Management Devson Catalyst Limited has established a framework for the determination of materiality regarding corporate events and information. The Board of Directors authorized specific key managerial personnel during their meeting on July 14, 2026, to oversee these responsibilities.The designated individuals are responsible for determining the significance of various events and managing the reporting of material developments. This organizational structure ensures that critical company information is categorized and handled by authorized members of the leadership team.NameDesignationAuthorityPrahladbhai Devjibhai ShiyaniyaChairman and Whole-time...

Malu Paper Mills Ltd to Hold Board Meeting for Quarter Ended June 30, 2026 Malu Paper Mills Limited has scheduled a meeting of its Board of Directors to be held on July 23, 2026, at 3:00 PM. The proceedings will take place at the company's registered office located at Heera Plaza, Nagpur.The primary objective of the board meeting is to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The directors will also review the Limited Review report associated with the same period. Additional business may be addressed during the meeting with the permission of the Chairman.Meeting InformationDetailsDateJuly 23, 2026Time3:00 PMVenueHeera Plaza, NagpurPrimary AgendaUnaudited Financial...

Prism Johnson Limited Reports Financial and Sustainability Metrics for FY 2025-26 Prism Johnson Limited has released its business responsibility and sustainability report for the financial year 2025-26, detailing the company's operational performance, environmental footprint, and social initiatives. The report highlights a turnover of ₹ 7,307.36 Crores and a net worth of ₹ 1,669.15 Crores for the period ending March 31, 2026.The company maintains a paid-up capital of ₹ 503.36 Crores. Its primary business activities include the manufacturing of Portland cement, clinker, tiles, and ready-mixed concrete, which collectively account for 92.09% of the entity's turnover.Product Portfolio and Market Reach The company maintains a diversified...

Rupee Slumps Against US Dollar as West Asia Conflict and Oil Volatility Trigger Fourth Consecutive Decline Rupee Continues Downward Slide Amid Global Friction The Indian Rupee fell for the fourth consecutive day, shedding 8 paise to settle at 96.33 (provisional) against the US dollar. This depreciation is being driven by a strengthening greenback and heightened volatility in global crude oil prices as the West Asia crisis intensifies.Trading activity saw the rupee open at 96.28, fluctuating within a range of 96.22 to 96.37 during the session. The local currency had previously closed at 96.25 on Wednesday before reaching its current level.Geopolitical Tensions and Crude Oil Volatility Impact Currency The volatile international market...

Ameenji Rubber Limited Enters Exclusive Technology License Agreement with Macroad Co., Ltd. Ameenji Rubber Limited has entered into a technology license agreement with Macroad Co., Ltd., based in the Republic of Korea, for the manufacturing, marketing, and sale of specified licensed products. The agreement was executed on July 16, 2026, and grants the company an exclusive license to utilize the licensed technology within India.The agreement establishes a framework for the commercialization of specific products through a five-year term, which is extendable based on the terms defined in the contract. This collaboration is intended to enhance the technology base of Ameenji Rubber Limited and enable the production of licensed products...

Sensex, Nifty Snap to Flat Finish as Profit Booking Squelches Early Market Gains Indian equity benchmarks experienced a volatile trading session on July 16, ultimately ending flat as profit booking in the second half erased early gains. The market started on a bullish note, with momentum initially driven by buying activity in IT stocks and select heavyweight names.However, the sentiment shifted significantly during the latter half of the day. Selling pressure intensified due to weak global cues, dragging the benchmarks toward their intraday lows. By the closing bell, the Sensex stood at 77,186.87, up a marginal 1.44 points, while the Nifty settled at 24,072.75, down 0.02 percent.Broader Market and Currency Dynamics The broader...

Leading Leasing Finance and Investment Company Limited Withdraws Equity Share Issue Applications Leading Leasing Finance and Investment Company Limited has announced that its Board of Directors approved the withdrawal of In-Principle Approval applications regarding an equity share issuance intended for the Non-Promoter Category. The decision was finalized during a board meeting held on July 16, 2026.The original proposal sought approval for significant quantities of shares to be issued to non-promoters. These plans included both a conversion of debt into equity and a preferential allotment. Specifically, the application involved 40,00,00,000 Equity Shares for the conversion of Outstanding Unsecured Loan and an additional 5,00,00,000...

ICICI Prudential Life Shares Slump 3% as Post-Earnings Rally Fails to Sustain Momentum Despite Margin Outperformance Shares of ICICI Prudential Life Insurance Company Ltd fell more than 3 percent on Thursday, reversing the gains seen in the previous session. The stock closed at Rs 509 after having gained 3.78 percent on Wednesday following the company's April-June quarter earnings announcement.The insurer's market capitalization currently stands at approximately Rs 73,850 crore. However, the stock has experienced a significant decline of 24.5 percent so far in 2026, significantly underperforming the Nifty 50 index, which fell by 7.9 percent over the same period.Strong Q1 Profitability and Growth Metrics The company reported a 27.8...

Mukesh Babu Financial Services Sets August 05 Record Date for FY 2025-26 Dividend Mukesh Babu Financial Services Limited has announced that it has established a record date to determine which members are eligible to receive dividends for the financial year 2025-26. The company confirmed that Wednesday, August 05, 2026, will serve as the official record date.The dividend payments are expected to be distributed following the conclusion of the 41st Annual General Meeting (AGM), which is scheduled for August 12, 2026. The company stated that the payment would be processed within 30 days from the date of the AGM's conclusion, provided that the dividend is declared during the meeting.The key dates and timelines are outlined in the table...

Bajaj Auto Limited Completes Buyback of 4,69,400 Equity Shares via Tender Offer Route Bajaj Auto Limited has announced the completion of its share buyback program involving up to 4,69,400 fully paid-up equity shares. The company executed the buyback through a tender offer route at a price of INR 12,000 per equity share.The total amount utilized for the buyback was INR 5,632,80,000, excluding transaction costs such as brokerage fees, taxes, and other incidental expenses. The buyback size represents 16.93% of the company's aggregate fully paid-up equity share capital and 15.59% of the free reserves as of March 31, 2026.The tendering period for the buyback remained open from July 1, 2026, to July 7, 2026. During this period, the...

GG Automotive Gears Ltd Receives ₹13 Crore Interim Insurance Claim Following Fire Incident GG Automotive Gears Limited has announced that it has received interim insurance claim proceeds totaling ₹ 13.00 Crores in connection with a fire incident that occurred at the company's manufacturing facility on February 4, 2026.The company received these payments in two separate tranches as part of the initial reimbursement process following the fire event:Payment TrancheAmount ReceivedFirst Interim Payment₹ 8.00 CroresSecond Interim Payment₹ 5.00 CroresTotal Interim Proceeds₹ 13.00 CroresThe company has clarified that these receipts represent interim disbursements released by the insurer and do not constitute the final...

Wipro Records ₹3,352 Crore Q1 Profit as Company Navigates Margin Volatility and AI Transition Wipro Ltd has announced a consolidated net profit of Rs 3,352 crore for the April-June quarter. This represents a 0.6 percent increase compared to the Rs 3,330 crore reported during the same period last year.The IT services giant reported a year-on-year revenue growth of 10.6 percent, reaching Rs 24,479 crore. However, this figure remained below the analyst average estimate of Rs 24,776 crore.The company's board has also declared an interim dividend of Rs 2 per equity share. Shares of Wipro rose 1.75 percent today prior to the announcement, closing at Rs 177.7 on the NSE.Revenue Performance and Segmental Growth Analysis The company saw a...

Aurum PropTech Acquires Housing.com to Build AI-Native Real Estate Operating System Aurum PropTech Limited has announced a strategic transaction to acquire 100% of Housing.com, marking a significant consolidation in the Indian PropTech sector. The acquisition integrates India's leading real estate marketplace with the technology-enabled ecosystem of Aurum to create an integrated platform spanning property discovery, transactions, financing, rentals, and management.The transaction is structured as an all-equity deal through the issuance of 1,97,93,309 equity shares by Aurum PropTech. These shares represent approximately 20.5% of the enlarged share capital. Following the completion of this transaction, REA India's total shareholding in...

Key Corporation Limited Announces First Quarter Financial Results for FY 2026-27 Key Corporation Limited has announced its financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on July 15, 2026, which commenced at 1:30 PM and concluded at 2:30 PM.The company reported its performance for the three-month period ending June 30, 2026. The financial data includes metrics for profit before tax and net profit figures, reflecting the company's standing during this fiscal period.Financial MetricCurrent Period FiguresComparative/Other FiguresProfit Before Tax945.84(961.6)Net Profit246.95(953.96)The reported figures for the quarter provide a summary of the...

Saksoft Limited Details FY 2025-26 Operational Performance and Sustainability Initiatives Saksoft Limited, a provider of digital transformation solutions, has reported its operational and sustainability performance for the financial year ending March 31, 2026. The company operates as a specialized technology partner offering an integrated portfolio including business transformation, application development, and comprehensive testing solutions.Operational Overview and Global ReachThe company identifies its core business activity as Information and Communication, specifically in computer programming and consultancy services. These activities account for 100% of the entity's turnover. Saksoft Limited maintains a significant...

Japan Set to Acquire 27,500 Nvidia Rubin Chips to Build Sovereign Robotics AI Powerhouse Japan has initiated a massive technological undertaking to procure 27,500 next-generation Rubin chips from Nvidia Corp. The move is designed to build a homegrown foundational AI model specifically tailored for robotics applications.The project will be spearheaded by the newly established Noetra Corp. This entity has been allocated ¥387.3 billion ($2.4 billion) in government funding available through March of next year.Noetra Corp. will oversee the development and operation of a massive 140 megawatt data center. The facility is currently scheduled to go online in June 2028.A Consortium of Industrial Giants to Drive AI Integration A powerful...

Newgen Software Reports 11% Revenue Growth and Significant Profit Rise in Q1 FY'27 Newgen Software Technologies Ltd. has announced its financial results for the first quarter ended June 30, 2026, highlighting a period of growth driven by global demand for AI-enabled solutions and enterprise automation. The company reported revenue from operations of Rs 357 crores, reflecting an 11.2% year-on-year increase compared to Rs 321 crores in Q1 FY'26.The company’s financial performance was underpinned by strong growth in its annuity revenue streams and a significant rise in profitability. The results reflect the growing adoption of unified platforms by enterprises seeking to integrate AI, automation, and intelligent workflows into their...

Lloyds Luxuries Limited Receives Show Cause Notice From SEBI Regarding Accounting Treatment Lloyds Luxuries Limited has received a Show Cause Notice from the Securities and Exchange Board of India (SEBI) regarding adjudication proceedings initiated under Section 15-I of the Securities and Exchange Board of India Act, 1992. The notice, dated July 15, 2026, relates to the accounting treatment adopted by the company for specific branding, marketing, and pre-operative expenses, as well as the presentation of financial statements for the fiscal years 2022-23 to 2024-25.The notice highlights alleged non-compliances with existing regulations and references the applicability of Section 27(1) of the Securities and Exchange Board of India Act...

Panorama Studios International Partners with Cinépolis India for Strategic Distribution in Delhi and UP Circuit Panorama Studios International Limited has entered into a strategic distribution partnership with Cinépolis India, a leading cinema exhibitor with a significant presence across the country. The collaboration is designed to strengthen the theatrical ecosystem by combining the market reach, audience insights, and distribution capabilities of Cinépolis India with the proven distribution expertise of Panorama Studios.The partnership specifically targets the Delhi and UP (Uttar Pradesh) circuit. Under this agreement, films exclusively acquired or distributed by either Cinépolis India or Panorama Studios will be jointly...

Sterling and Wilson Renewable Energy Reports Record Unexecuted Order Value for Q1 FY27 Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the first quarter of FY27, highlighting a significant milestone in its operational growth. The company reported that its Unexecuted Order Value (UOV) reached approximately INR 13,000 crore, representing the highest level recorded since the Covid period.The company secured a marquee international order valued at approximately USD 560 million for the West Minya Solar Power Project in the Minya Governorate of Egypt. Executed through a joint venture where SWREL holds a 50 percent stake with a leading regional contractor, the project features a 1,000 megawatt-AC...