Markets

Regulatory Breakthrough: CDSCO Greenlights Leiutis Pharma’s Synthetic CBD Solution for Anxiety Treatment The Central Drugs Standard Control Organisation (CDSCO) has officially granted approval to Zenara Pharma for the manufacture of a synthetic cannabidiol oral solution. This new treatment is specifically designed to manage mild to moderate anxiety disorders.This regulatory milestone marks a significant development in the pharmaceutical landscape, providing a new therapeutic pathway for patients. The medication is intended to be administered alongside cognitive behavioural therapy to ensure comprehensive patient care.Clinical Validation and Prescription Guidelines The approved 150 mg/mL prescription medicine is restricted for use...

Ahasolar Technologies Limited Secures Major Consultancy Order for Renewable Energy Portal Development Ahasolar Technologies Limited has secured a significant work order to provide consultancy services for PDCOR Limited. The company will provide professional assistance on an end-to-end basis specifically for the development of a Unified Single Window Renewable Energy Portal for PDCOR Limited.The domestic consultancy contract is valued at more than ₹ 7 Crores. This engagement highlights Ahasolar Technologies' role in providing technical and professional expertise to facilitate the creation of a unified platform within the renewable energy sector.The project is scheduled to be executed over a period of 48 months. The scope of work...

RBI Reports Significant Participation in Overnight Variable Rate Repo Auction With 5.26% Cut-Off Rate The Reserve Bank of India (RBI) has released the final results for the Overnight Variable Rate Repo (VRR) auction conducted on July 16, 2026. This action highlights the central bank's ongoing management of liquidity and interest rate conditions within the domestic financial system.The official data confirms that the RBI notified an amount of ₹75,000 crore for this specific bidding cycle. However, the actual volume of bids received from market participants was significantly lower than the total notified limit.Analysis of Participation and Allotment Volume During the July 16 session, a total of ₹18,425 crore in bids were received by...

Smarten Power Systems Appoints Industry Veteran Ranjit Singh as Chief Operating Officer Smarten Power Systems, an Indian power backup and solar energy solutions provider catering to residential and commercial users, has announced the appointment of Mr. Ranjit Singh as its Chief Operating Officer (COO). The appointment is effective from August 1, 2026, following approval by the company's Board of Directors on July 14, 2026.In his role as COO, Mr. Singh will lead end-to-end operations, manufacturing excellence, supply chain management, quality systems, and strategic execution. His primary mandate includes driving operational efficiencies to support the expansion of Smarten’s presence in both domestic and international markets...

Continental Securities Ltd Approves Conversion of 4,00,000 Warrants into Equity Shares Continental Securities Ltd has approved the conversion of 4,00,000 convertible warrants held by Vachi Commercial LLP into equity shares. The warrants were originally allotted on a preferential basis to the promoter group allottee on January 31, 2025.The Board of Directors approved the conversion following the receipt of the remaining 75% of the issue price from Vachi Commercial LLP on July 13, 2026. The company had previously received 25% of the total consideration as application and subscription money in January 2025.The transaction involves the conversion of 4,00,000 fully paid-up equity shares with a face value of ₹2 each. This conversion is...

Mutual Fund Houses Launch 19 New Schemes as Sensex Rebound Sparks NFO Surge The mutual fund industry is witnessing a significant resurgence in activity as asset managers capitalize on improving market sentiment. Over the past month, 19 new fund offers (NFOs) hit the market, marking a sharp reversal from June, which saw only seven NFOs, the lowest monthly tally this year.This comeback follows a period of cooling activity where March recorded 24 launches, followed by 11 in April and 13 in May. The recent surge reflects a renewed investor appetite as the market stabilizes after a volatile period.Market Dynamics and Regulatory Tailwinds Driving Growth The rebound in new fund launches is closely tied to a steady improvement in market...

Swiggy Instamart Partners with HPCL for LPG Cylinder Delivery Pilot in Bengaluru Swiggy has entered into a collaboration with Hindustan Petroleum Corporation Limited (HPCL) to facilitate the sale and delivery of select HPCL LPG cylinders and related accessories via its Instamart platform. This initiative integrates on-demand fuel delivery services into the quick commerce segment.The partnership was formalized through a Memorandum of Understanding signed on July 15, 2026. Under this agreement, customers can access specific HPCL products and associated accessories using the Instamart application.The collaboration will initially launch as a pilot program in Bengaluru. The company intends to evaluate any wider rollout based on the...

Hyundai Seizes Full Control of Boston Dynamics as Atlas Robots Prepare for US Factory Rollout Hyundai Motor Group announced on Thursday that it will acquire SoftBank Group's remaining stake of approximately 10% in the US robotics firm Boston Dynamics. This strategic move will establish Boston Dynamics as a wholly owned subsidiary of the Hyundai empire.The acquisition aims to streamline the deployment of advanced robotics across Hyundai's global operations. The company already holds an 80% stake in the robot manufacturer, which it first acquired in 2021.Strategic Acquisition for Robotics Integration Hyundai’s move to consolidate ownership reflects a deep commitment to integrating high-end robotics into its industrial framework. By...

SBI Funds Management IPO Surges to 3.3x Subscription on Final Day as Grey Market Premium Signals Strong Listing The initial public offering (IPO) of SBI Funds Management continues its strong momentum as it enters the final day of bidding. According to data from the National Stock Exchange (NSE), the Rs 9,813-crore public issue was subscribed 3.3 times as of 10:15 am on July 16.Investors have shown significant interest in the offering, with bids received for 44.67 crore shares against the 12.46 crore shares available on offer. The Non-Institutional Investors (NIIs) category has led the demand with a subscription of approximately 8.7 times. In comparison, the Retail Individual Investors (RIIs) portion was subscribed 1.8 times.Grey...

Shyam Metalics Commissions Aluminium Foil Facility in Odisha, Targets September Launch for FRP Plant SMEL Steel Structural Pvt. Ltd., a step-down subsidiary of Shyam Metalics and Energy Limited, has commenced commercial production at its Aluminium Foil facility located in Sambalpur, Odisha. The facility is designed with an installed operational capacity of 18,000 tonnes per annum (TPA) to manufacture premium-grade foils within a thickness range of 6 to 40 microns.The company further confirmed that its Aluminium Flat Rolled Products (FRP) facility is currently in the final readiness phase. This plant is on track for a commercial launch by September 2026 and will feature an installed capacity of 60,000 TPA with a thickness range...

Advik Capital Promoter Taken into Custody by Directorate of Enforcement Advik Capital Limited has announced that one of its promoters, Mr. Vikas Garg, was taken into custody by the Directorate of Enforcement on July 14, 2026. The action was initiated under the provisions of the Prevention of Money Laundering Act, 2002.The investigation pertains to proceedings involving the examination of transactions associated with certain foreign entities and SEBI-registered Foreign Portfolio Investors (FPIs). These matters involve investments in various listed companies and related concerns.The company is currently evaluating the development in coordination with legal advisors to determine appropriate steps under applicable law. Advik Capital has...

Blackstone Strengthens APAC Infrastructure Foothold with Strategic India Leadership Appointment Global private equity powerhouse Blackstone has announced a significant expansion of its regional capabilities with the launch of a dedicated infrastructure platform in the Asia-Pacific region.The firm confirmed on July 16 that Ami Momaya has joined the company as Managing Director and Head of Infrastructure for India. This appointment serves as a cornerstone for the firm's commitment to scaling its presence across high-growth Asian markets.This move represents the first dedicated infrastructure hire for Blackstone in the APAC region. It builds upon more than two decades of investment experience and a proven track record within various...

Flexi-Cap Funds Surge as Investors Pour Rs 5,231 Crore into Versatile Portfolios in June The flexi-cap category continues to stand out as a preferred vehicle for investors seeking professional versatility. Unlike many other equity categories, these funds grant fund managers the autonomy to pivot across large, mid, and small-cap stocks based on prevailing market opportunities.This structural freedom remained a primary driver of interest throughout June. According to data from the Association of Mutual Funds in India (AMFI), flexi-cap funds attracted Rs 5,231 crore during the month, maintaining steady momentum from May levels.The category accounted for approximately 18 percent of the total Rs 28,973 crore that flowed into equity...

Bajaj Mobility AG Reports Significant Growth in Q2 2026 Revenue and Sales Volumes Bajaj Mobility AG, a subsidiary of Bajaj Auto Limited, has released preliminary financial figures for the second quarter and first half of 2026. The data highlights substantial growth in revenue and sales volumes across its international motorcycle brands, including KTM, Husqvarna Motorcycles, and GASGAS.The company reported a significant rise in motorcycle segment revenue, which reached EUR 370 million in the second quarter of 2026 compared to EUR 205 million in the same period in 2025. Overall revenue for Bajaj Mobility AG in Q2 2026 stood at EUR 370 million, up from EUR 231 million in Q2 2025.Financial and Sales Performance Overview...

India’s Semicon 2.0 Initiative Targets Global Chipmaker ‘Fear Factor’ with Massive ₹1.28 Lakh Crore Expansion The Indian government has officially approved a significant expansion of its semiconductor strategy through the second phase of the India Semiconductor Mission (ISM 2.0). This initiative is designed to build a comprehensive domestic supply chain to ensure global chipmakers can invest at scale without logistical hurdles.Amitesh Kumar Sinha, CEO of the India Semiconductor Mission, stated that the primary goal is to eliminate the "fear factor" that currently prevents international firms from committing to large-scale manufacturing in India. By ensuring that critical suppliers and materials are available locally, the government...

Stylam Industries Ltd Schedules Board Meeting to Review Q1 Financial Results Stylam Industries Limited has announced that its Board of Directors will convene on Wednesday, July 22, 2026, to review and approve the company's financial performance for the first quarter. The meeting is scheduled to take place via video conferencing and will focus on the un-audited financial results for both standalone and consolidated positions for the period ending June 30, 2026.The board will deliberate on these figures to provide a comprehensive overview of the company's operational status during the initial quarter of the fiscal year. This review follows the conclusion of the reporting period ended in June.Concurrent with the upcoming financial...

Rajesh Power Services Limited Announces Q1 FY26-27 Business Updates and Major Project Wins Rajesh Power Services Limited (RPSL), a prominent specialized Engineering, Procurement, and Construction (EPC) contractor in the power transmission and distribution sector, has reported its business updates for the first quarter of fiscal year 2026-27. The company’s performance for the period ending June 30, 2026, highlights significant operational activity and expansion into new regions.The company reported the following revenue figures for the quarter:ParticularsQ1 FY26-27 (unaudited)Revenue from OperationsRs 436.62 croresAs of June 30, 2026, the unexecuted order book for RPSL stands at Rs 3,741.79 Crores (including L1).RPSL...

NSE Secures SEBI Nod to Launch Derivatives on Nifty India FPI 150 Index by August 2026 The National Stock Exchange of India (NSE) has received official approval from the Securities and Exchange Board of India (SEBI) to introduce derivatives on the Nifty India FPI 150 Index (NIFTYFPI). These new contracts are scheduled to enter the Equity Derivatives segment starting August 12, 2026.This move marks a significant expansion for the exchange as it seeks to provide investors with broader tools for navigating the Indian equity markets. The inclusion of these derivatives will offer traders a new mechanism to engage with one of the specific indices designed for foreign investment accessibility.Structure and Trading Mechanics of NIFTYFPI...

Delhi High Court Orders New Tender Process for CPV Services at Indian Mission in Kuwait The Hon'ble High Court of Delhi has issued a judgment regarding a civil writ petition involving Dudigital Global Limited as a respondent. The litigation centered on the procurement process for outsourcing Consular, Passport, and Visa (CPV) services at the Indian Mission in Kuwait.Petitioners E Trav Tech Limited and M/s Verasys Limited challenged the original tender process, alleging that it was not conducted in a fair or transparent manner. Following a hearing of the matter, the High Court directed the respondents to issue a fresh Request for Proposal (RFP) for CPV services across four missions within one month from the date of the judgment.To...

Happy Steels Lists with Modest 3% Premium on NSE SME Amidst Massive 78-Times IPO Subscription Happy Steels Ltd, a prominent manufacturer of automotive components, made its debut on the National Stock Exchange (NSE) SME platform today. The stock listed at a premium of 3.03 percent over its issue price, marking a subdued start despite an overwhelming response during the subscription window.The shares opened at ₹68 per share, compared to the initial issue price of ₹66. This listing performance came in significantly lower than the grey market premium, which was expected to be around 15 percent prior to the debut.Listing Performance Underperforms Against Grey Market Expectations Data from Investorgain and IPO Watch indicate that the grey...