Markets

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...

Jubilant Pharmova Ltd Secures Deletion of Rs 22.10 Crore Tax Demand for Assessment Year 2020-21 Jubilant Pharmova Ltd has received a rectification order from the Income Tax Department regarding tax demands associated with Assessment Year 2020-21. The order, received on July 15, 2026, confirms that a tax demand of Rs. 22.10 crores stands deleted in its entirety.Rectification Process and Legal Status The company initiated a rectification application against certain tax demands raised by the Income Tax Department for Assessment Year 2020-21. The application was filed with the Assessing Officer to address mistakes apparent from the record in the assessment order. Following this process, the relevant Assessing Officer granted relief...

JBM Auto Subsidiary Incorporates Greenpath Mobility Ventures Private Limited JBM Auto Limited has announced the incorporation of a new subsidiary named Greenpath Mobility Ventures Private Limited (GMVPL). The entity was established on July 15, 2026, as a wholly owned subsidiary of JBM Ecolife Mobility Private Limited (JBM Eco), which itself operates as a subsidiary and joint venture of JBM Auto Limited.The newly formed company is registered in India with the Registrar of Companies for NCT of Delhi and Haryana. While the registration process is complete, Greenpath Mobility Ventures Private Limited is currently prepared to commence its business operations.Greenpath Mobility Ventures Private Limited was established with specific...

SPEL Semiconductor Schedules Board Meeting to Consider Rights Issue and QIP for Fund Raising SPEL Semiconductor Limited, an IC Assembly and Test Company, has scheduled a meeting of its Board of Directors on July 20, 2026, at 10:15 AM. The primary agenda for this session is to consider and approve the raising of funds for the company through one or more Rights Issues, Qualified Institutional Placements (QIPs), or a combination of both instruments.The proposed fund raising measures are intended to provide the company with necessary capital as it continues its operations in the semiconductor assembly and testing sector. The board will review the specific terms and structures associated with these potential offerings.In relation to this...

Sai Silks (Kalamandir) Ltd Reports Status of IPO Proceeds Utilization for June 2026 Quarter Sai Silks (Kalamandir) Limited has released a report from its monitoring agency, CARE Ratings Limited, regarding the utilization of proceeds from its Public Fresh Issue. The reporting period covers the quarter ended June 30, 2026.The company raised Rs. 600 crore through a public fresh issue of equity shares during September 2023. Out of the total proceeds received, Rs. 33.76 crore were incurred as expenses related to the issue, leaving a net amount of Rs. 566.24 crore available for utilization.As of June 30, 2026, the company has utilized Rs. 539.47 crore of the available funds. The remaining unutilized amount stands at Rs. 26.77 crore...

Mukesh Babu Financial Services Limited Schedules 41st Annual General Meeting Mukesh Babu Financial Services Limited has announced that its 41st Annual General Meeting (AGM) is scheduled to take place on Wednesday, August 12, 2026. The meeting will commence at 4:00 p.m. and will be conducted via Video Conference (VC) and other Audio Visual Means (OAVM).The company has provided a specific timeline for remote e-voting procedures associated with the annual meeting. Shareholders are expected to note the cut-off date and the window provided for electronic voting participation.Event DetailDate and TimeAnnual General Meeting (AGM)Wednesday, August 12, 2026 at 4:00 p.m.Mode of MeetingVideo Conference (VC) / Other Audio Visual Means...

Dabur Halves Top Executive Incentives Following Challenging FY26 Performance Dabur India has significantly reduced performance-linked incentives for its top leadership following a demanding fiscal year. The FMCG giant's annual report reveals that the company halved the incentive payouts for both its Global CEO and Whole-time Director.The reduction comes as the company navigates a complex operational landscape. These adjustments reflect the scrutiny of an internal appraisal process conducted by the Nomination and Remuneration Committee.Executive Compensation Adjustments for FY26 Mohit Malhotra, who was elevated to the position of Global CEO in February 2026, saw his performance-linked bonus reduced by 50 percent. His incentive payout...

Deepak Spinners Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Deepak Spinners Limited has announced that its Board of Directors will convene on August 6, 2026, to consider and approve the company's unaudited financial results for the quarter ended June 30, 2026.The board meeting is scheduled to evaluate the financial performance of the company during the specified period. This review provides an overview of the organizational standing for the quarter ending in June.Event DetailsSchedule and PeriodBoard Meeting DateAugust 6, 2026Financial Reporting PeriodQuarter ended June 30, 2026Status of ResultsUnauditedIn relation to the announcement of these financial results, the trading window for dealing...

ITC Hotels Shares Plunge 5% Following Sharp Sequential Drop in Q1 Net Profit Shares of ITC Hotels witnessed a significant sell-off on Thursday as investors reacted to underwhelming financial results for the June quarter. The stock traded at ₹173.50 per share on the NSE, marking a sharp decline of 5.44 percent by late afternoon trading.Weak Quarterly Performance Triggers Sell-Off The primary catalyst for the price depreciation was the company's reported consolidated profit and revenue figures. Investors responded to a sharp sequential decline in these key metrics compared to the previous period.Market data reveals that the net profit for the first quarter saw a substantial 43 percent sequential decrease. This sudden drop in...

SpaceX Set for Critical Starship Launch as Investors Eye Success After Blockbuster IPO SpaceX is scheduled to conduct a pivotal test flight of its massive Starship rocket this Thursday at 5:45 p.m. local time from the Starbase facility in South Texas. This mission represents a significant milestone for the vehicle, which serves as a cornerstone for Elon Musk's ambitions regarding space exploration, satellite infrastructure, and artificial intelligence.The upcoming launch marks the second flight of the upgraded Version 3 (V3) rocket. During this test, the spacecraft will carry upgraded Starlink satellites designed to burn up in the atmosphere following their deployment.This flight is particularly noteworthy as it is the first since...

Gujarat Containers Ltd Approves Appointment of New Secretarial Auditor and Reschedules Annual General Meeting Gujarat Containers Ltd held an adjourned board meeting on July 16, 2026, at its corporate office in Vadodara to deliberate on several key operational matters. The proceedings were conducted via video conferencing and other audio-visual means. During the meeting, the Board approved updates regarding audit appointments, the approval of the company's report, and a rescheduling of shareholder meetings.Appointment of New Secretarial AuditorThe company accepted the resignation of Mr. Jayesh Vyas of M/s. Jayesh Vyas & Associates as the Secretarial Auditor due to personal reasons. To fill this casual vacancy, the Board approved the...

Newgen Software Shares Slump as Q1 Net Profit Plummets 41% Sequentially Newgen Software Technologies Ltd. shares witnessed a decline of approximately 3% following the announcement of its financial results for the June quarter. The stock was trading at roughly ₹541.95 apiece as of 3:20 pm on July 16, reflecting investor reaction to a significant sequential drop in profitability.The company reported a consolidated net profit of ₹63 crore for the June period, which represents a sharp 41% decrease compared to the ₹106 crore earned in the preceding quarter. This contraction was primarily driven by a sequential decline in revenue from operations, which fell over 21% to reach ₹357 crore.Annual Growth Performance and Other Income Surges...