Markets

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...

Indrayani Biotech Ltd Receives Order for Revocation of GST Registration Cancellation Indrayani Biotech Limited has received an official order from the Goods and Services Tax (GST) Department regarding the revocation of its canceled registration. The order, issued on July 15, 2026, pertains to the company's registration located at Module No: 33, 3rd Floor, Block-1, SIDCO Electronics Complex, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai.The cancellation of the registration was originally ordered on June 9, 2026, with an effective date of April 28, 2026. The department initiated the cancellation due to the non-filing of returns. The recent order (No. ZA3307261179947) confirms that this cancellation has been revoked. The restoration is...

Bharat Heavy Electricals Limited Reports Financial Results for Quarter Ended June 30, 2026 Bharat Heavy Electricals Limited (BHEL) has announced its financial results for the quarter ended June 30, 2026. The company's performance reflects a shift in profitability compared to the same period during the previous fiscal year.Standalone Financial Performance For the three-month period ending June 30, 2026, Bharat Heavy Electricals Limited reported revenue from operations of Rs. 7,697.72 Cr. The company achieved a total income of Rs. 7,928.52 Cr, which includes other income amounting to Rs. 230.80 Cr.The total expenses for the period were recorded at Rs. 7,415.62 Cr. Based on these figures, the company reported a profit before tax of Rs...

ITC Hotels Limited Acquires 130-Key Hotel in Ahmedabad for Rs. 155 Crores ITC Hotels Limited has announced the signing of a definitive agreement for the strategic acquisition of a 100% stake in GHK Hospitality and Infrastructures Ltd (GHK). The transaction involves Welcomhotel Ahmedabad, an Upper Upscale business hotel situated within a prominent commercial hub in Ahmedabad.The acquisition is structured at an Enterprise Value of Rs. 155 crores on a debt-free and cash-free basis, subject to customary adjustments under the definitive agreement. The company expects to complete the transaction within the current quarter. This move is anticipated to be EPS accretive for the company during the first full year of operations following the...

HCLTech Announces Seven-Year Strategic Partnership with Guardian and Acquisition of Guardian India HCL Technologies has announced a new seven-year agreement with The Guardian Life Insurance Company of America (Guardian) to drive AI-powered modernization across technology and operations. The collaboration is designed to support long-term business growth for Guardian by enhancing efficiency and value through differentiated experiences and reduced friction.Through this expanded partnership, HCLTech will focus on creating AI-led solutions and intellectual property for the insurance industry. The scope of work includes accelerating technology and talent transformation across data, applications, and engineering. Additionally, HCLTech will...

Manappuram Finance Limited Appoints Interim Chief Risk Officer Following Tenure Completion Manappuram Finance Limited has announced that the tenure of Mr. Madhu Mohan A.M. as the Chief Risk Officer (CRO) will conclude on July 17, 2026.To manage a transitional period until a regular Chief Risk Officer is appointed and assumes charge, the Company has assigned additional responsibilities to Mr. Jinu Chandrasekhar. Currently serving as Vice President and Deputy Chief Risk Officer, Mr. Chandrasekhar will take over as Interim Chief Risk Officer effective July 18, 2026.The Company clarified that Mr. Jinu Chandrasekhar will continue to be classified as Non-Senior Management Personnel during this interim period.The leadership transition...

Billionbrains Garage Ventures Limited to Strengthen Internal Processes Following Reporting Delay Billionbrains Garage Ventures Limited has addressed a delay in reporting related party transactions. The company’s Board of Directors reviewed the matter during a meeting held on July 15, 2026.The Board acknowledged the administrative delay and advised that the company should strengthen internal processes to ensure timely reporting in the future. This measure is intended to improve operational oversight and ensures that transaction records are handled efficiently moving forward.GROWW Stock Price Movement Billionbrains Garage Ventures Limited shares tumbled 5.15% today to settle at ₹205.64. The stock saw significant activity with a...

Meesho Ltd Schedules Board Meeting to Review Quarterly Financial Results Meesho Limited has scheduled a meeting of its Board of Directors for July 23, 2026. The primary objective of this session is to consider and approve the company's unaudited financial results for the quarter ending June 30, 2026.The review will encompass both standalone and consolidated financial statements. This scheduled board meeting serves as a key milestone for reporting the company's performance during the specified quarterly period.Key Event DetailsInformationBoard Meeting DateJuly 23, 2026Reporting PeriodQuarter ended June 30, 2026Scope of ReviewStandalone and Consolidated ResultsIn connection with the upcoming financial updates, the...

ITC Hotels Limited to Acquire 100 Percent Stake in GHK Hospitality & Infrastructures Limited for ₹ 155 Crores ITC Hotels Limited has entered into a Share Purchase and Share Subscription Agreement to acquire 100 percent of the share capital of GHK Hospitality & Infrastructures Limited. The transaction received Board approval on July 16, 2026, and is intended to expand the company's owned asset portfolio in Ahmedabad across all market segments.The acquisition is valued at an enterprise value of ₹ 155 crores on a cash-free, debt-free basis. This investment will be executed through a combination of primary subscription and secondary purchase of equity shares for cash consideration. ITC Hotels Limited expects to complete the transaction...

Polycab India Reports Consolidated Net Profit of ₹7,966.54 Million for Quarter Ended June 30, 2026 Polycab India Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved the results following a meeting held on July 16, 2026.The company reported steady performance across its business segments, with total consolidated income reaching ₹83,146.47 million during the period. This was driven by operations in Wires and Cables, FMEG, and EPC.Consolidated Financial Performance For the quarter ended June 30, 2026, the company recorded a profit for the period of ₹7,966.54 million on a consolidated basis. The total comprehensive income for...

Virgo Global Limited Announces Resignation of Independent Directors Virgo Global Limited has announced that Ms. Payal Jain and Mr. Prabhaker Reddy Aedla will resign from their positions as Independent Directors, effective at the close of business on July 16, 2026.The resignation comes following a period of service by both directors on the company board. Ms. Payal Jain stated that she is unable to continue in her role due to pre-occupation and other personal commitments. Similarly, Mr. Prabhaker Reddy Aedla cited pre-occupation as the reason for his departure from the board.Both individuals confirmed that there are no other material reasons for their resignations beyond those specified in their respective resignation letters. The...

Panacea Biotec Files Appeal Against Industrial Tribunal Award as High Court Issues Interim Order Panacea Biotec Limited has filed an appeal before the Hon'ble High Court of Punjab and Haryana, Chandigarh, regarding a fourth award issued by the Presiding Officer (in the rank of Additional District Judge) of the Industrial Tribunal, S.A.S Nagar, Moholi. The action was taken on July 16, 2026, to challenge the remaining award among four received from the tribunal authority.The High Court has heard the initial three appeals and issued an interim order stating that no coercive steps be taken against Panacea Biotec Limited at this stage. This development follows previous legal actions initiated by the company to contest the orders passed by...