Markets

Sensex, Nifty Pare Gains as Profit Booking and Weak Global Cues Dampen Market Momentum The Indian equity markets exhibited a cooling trend on July 16 as benchmark indices saw their gains shrink from intraday highs. By 1:15 pm, the Sensex was trading at 77,344.86, representing a modest rise of 159.43 points or 0.21%.The Nifty also mirrored this cautious stance, standing at 24,112.45, which reflects an uptick of 33.95 points or 0.14%. In terms of market breadth, the session saw 1,879 shares advancing while 1,861 shares declined and 180 remained unchanged.Profit Booking Pressures Indices at Higher Levels The primary driver behind the cooling indices was significant profit booking observed at higher levels. The Sensex notably retraced...

Onward Technologies Limited Announces Financial Results for Quarter Ended June 30, 2026 Onward Technologies Limited has announced its unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on July 16, 2026.The company reported a Total Income of 15,116.05 lakhs for the consolidated period ending June 30, 2026. This was driven by Revenue from operations totaling 14,942.97 lakhs and Other income amounting to 173.08 lakhs. Total Expenses for the quarter were recorded at 13,638.19 lakhs.The consolidated financial performance for the period is summarized in the table below:ParticularsQuarter ended June 30, 2026 (Unaudited)Quarter...

Parliament Proposes Game-Changing Corporate Law Overhaul to Streamline Buybacks, Mergers, and Compliance The Indian government has introduced a comprehensive 98-page Corporate Laws (Amendment) Bill, 2026, aimed at fundamentally reshaping the corporate landscape. The bill seeks to amend the Companies Act, 2013, and the Limited Liability Partnership Act, 2008, to simplify business processes.Currently under review by a Joint Parliamentary Committee, the proposal aims to reduce unnecessary compliance burdens for businesses. However, it is important to note that these changes remain proposals and will only become law after clearing Parliament and receiving presidential assent.The proposed amendments include significant shifts in how...

Siyaram Recycling Industries Ltd Secures International Order for Brass Billets Worth Rs. 4.13 Crore Siyaram Recycling Industries Ltd has secured a notable international order from Green Metals FZCO for the supply of Brass Billets. The contract is valued at Rs. 4,13,70,317.23.The company is expected to complete the execution of this order within a period of seven days. The transaction is categorized as a fixed cost agreement and does not involve any related party transactions or interests from promoter groups.Key details regarding the contract are outlined below:ParameterDetailsAwarding EntityGreen Metals FZCOOrder ValueRs. 4,13,70,317.23Product TypeBrass BilletsNature of OrderFixed CostExecution TimelineWithin 07...

EQUIPPP Signs MoU with Telangana State Legislature to Establish 119 Constituency Development Foundations EQUIPPP Social Impact Technologies Limited has signed a Memorandum of Understanding (MoU) with the Telangana State Legislature Secretariat to build, operate, and transfer 119 Constituency Development and Sustainability Bridge Foundations. One foundation will be established for each Assembly Constituency in Telangana.The foundations will function as independent non-profit section 8 organizations under the Companies Act. They are designed to serve as a bridge between Members of the Legislative Assembly (MLAs), government departments, technology partners, social impact investors, corporates, CSR foundations, philanthropies...

Mobavenue AI Tech Launches Singapore Hub to Scale AI-Native AdTech Across Southeast Asia Mobavenue AI Tech Limited has commenced operations in Singapore, establishing the city-state as its regional hub for Southeast Asia. This strategic move marks a significant phase in the international growth strategy of the AI-native technology company, which operates across the advertising, marketing, and consumer growth sectors.The expansion is designed to deepen the company's presence in one of the world's fastest-growing digital economies. Operations will be managed through MAITL ASIA PTE. LTD., a wholly owned subsidiary of Mobavenue Global Holdings Ltd. From its Singapore base, the company will scale its AI-powered capabilities across...

Basant Agro Tech Announces Board Meeting to Review Financial Results and Statutory Auditor Appointments Basant Agro Tech (India) Ltd has scheduled a meeting of its Board of Directors to be held on July 30, 2026, at 4:00 p.m. The meeting will take place at the corporate office of the company to deliberate on several key operational and financial matters.Agenda for the Board Meeting The Board of Directors will review and consider the following items during the scheduled session:ItemDescriptionRelevant PeriodFinancial ResultsUnaudited Financial ResultsQuarter ended June 30, 2026Annual ReportsDirector's Report and Secretarial Audit ReportYear ended March 31, 2026AGM PlanningDraft notice of the 36th Annual General Meeting...

D.B. Corp Limited Reports Significant Growth in Revenue and Profitability for Q1 FY27 D.B. Corp Limited has announced its financial results for the quarter ended June 30, 2026, highlighting a period of robust growth across its core business segments. The company reported an increase in both revenue and profitability compared to the same period in the previous fiscal year.The group reported a total revenue of Rs. 6,320 million for Q1 FY27, up from Rs. 5,872 million in Q1 FY26, representing an 8% year-on-year growth. Profitability also saw a marked improvement, with EBITDA rising to Rs. 1,647 million from Rs. 1,384 million in the previous year. This represents a 19% increase in EBITDA, while the EBITDA margin improved by 250 basis...

JSW MG Motor India Projects 80% NEV Sales Share as West Asia Conflict Fuels Electric Vehicle Pivot JSW MG Motor India is strategically positioning itself to capitalize on a significant shift in consumer behavior driven by geopolitical instability. Managing Director Anurag Mehrotra confirmed that the West Asia crisis has acted as a catalyst, accelerating demand for new energy vehicles (NEVs). The company expects NEVs to contribute up to 80% of its total sales volume by the end of this year.This shift comes as consumers seek alternatives amidst rising fuel prices following the outbreak of conflict in West Asia. Data highlights a sharp rise in electric vehicle adoption, with passenger vehicle EV penetration jumping from 3.8% in January...

Mahendra Realtors & Infrastructure Limited Appoints Finportal Investments Private Limited for Investor Relations Services Mahendra Realtors & Infrastructure Limited has appointed Finportal Investments Private Limited as its dedicated Investor Relations (IR) agency. The appointment, which became effective on July 15, 2026, is designed to provide the company with professional IR advisory services.As part of this initiative, the company has established a specific communication channel for all investor-related queries, concerns, and requests. All future correspondence regarding stakeholders and investors will be directed to the designated email address: IR@indofarm.in.The operational details of the appointment are summarized below...

IT Stocks Break Out as Nifty IT Index Rebounds Amid Earnings Anticipation and Softer US Inflation Indian IT Sector Snaps Two-Day Losing Streak With Strong 1.8 Percent Gain The IT sector witnessed a significant turnaround during Thursday's trading session, successfully snapping a two-session losing streak. The Nifty IT index climbed as much as 1.8 percent, marking a sharp recovery after declining 1.7 percent over the previous two sessions.This rebound occurred despite weak broader market sentiment triggered by concerns over the crisis in West Asia. All 10 constituents of the Nifty IT index traded in the green, providing a stabilizing force for the equity markets.HCL Technologies and TCS Lead Market Rally HCL Technologies emerged as a...

Kirloskar Electric Company Ltd Approves Re-appointment of Executive Chairman and Preferential Issue of Equity Shares The Board of Directors of Kirloskar Electric Company Ltd has approved a series of corporate developments, including the reappointment of its Executive Chairman, a preferential issue of equity shares to a promoter group company, and the appointment of internal auditors. These decisions were finalized during a board meeting held on July 16, 2026.Leadership Re-appointment The Board has approved the reappointment of Mr. Vijay R Kirloskar as Whole-time Director (Executive Chairman) for a three-year term starting August 12, 2026. Mr. Kirloskar holds a Master's degree in Management Science and Engineering from Worcester...

Kay Power and Paper Ltd Incorporates Wholly Owned Subsidiary for Paper Manufacturing Operations Kay Power and Paper Ltd has announced the incorporation of a new wholly owned subsidiary, Kay Pulp and Paper Mills Private Limited. The company was officially incorporated on July 15, 2026.The new entity will operate within the manufacturing of packing paper and related products. Its core business activities include the production, processing, sale, import, export, distribution, and trading of various types of paper including pulp, waste paper, recycled paper, kraft paper, tissue paper, specialty paper, corrugated paper, and packaging paper. The subsidiary is also intended to handle stationery products, packaging materials, and other...

E2E Networks Scheduled to Review First Quarter Financial Results E2E Networks Limited has announced that its Board of Directors will convene on July 21, 2026, to review the financial performance of the company for the first quarter ending June 30, 2026. The meeting is set to oversee and approve the un-audited standalone and consolidated financial results, which include a limited review report.The upcoming board session serves as the primary platform for evaluating the operational and financial metrics achieved during the initial three months of the fiscal period. This process ensures that the company's performance is formally reviewed by the governing body prior to the release of results.Meeting Details and Reporting Period...

Telge Projects Ltd Announces Q1 FY27 Financial Results and Key Leadership Appointment Telge Projects Limited has announced its financial results for the quarter ended June 30, 2026. The company reported a net profit of 118.33 Lakhs on a standalone basis during this period. In addition to the financial updates, the company confirmed the appointment of Ms. Namrata Bang as the Company Secretary and Compliance Officer, effective July 16, 2026.The growth in revenue for the quarter was primarily driven by increased project execution, expansion of business operations, and a strengthening of delivery capabilities. The company operates in the structural engineering services segment.Standalone Financial Performance For the quarter ended June...

Shivalik Bimetal Controls Limited Secures Consent to Operate for Pune Facility Shivalik Bimetal Controls Limited has received official consent from the Maharashtra Pollution Control Board (MPCB) regarding its Phase-I facility in Pune. The authorization follows a previous announcement made by the company on May 18, 2026.The permissions granted include specific authorizations under various acts for environmental protection and waste management. These provisions ensure that the manufacturing operations at the Pune site align with statutory requirements for water and air pollution control.Regulatory BasisSpecific Act or RuleWater (Prevention and Control of Pollution) Act, 1974Section 26Air (Prevention and Control of Pollution)...

Bhageria Industries Ltd Schedules Board Meeting to Review Q1 Financial Results Bhageria Industries Limited has scheduled a meeting of its Board of Directors for July 22, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026. The board will evaluate both standalone and consolidated financial statements during this session.The company has also confirmed that the trading window for dealing in its securities was closed as of July 1, 2026. This closure is scheduled to remain in effect until 48 hours after the official declaration of the financial results.ParameterDetailsCompany NameBhageria Industries LimitedScheduled Meeting DateJuly 22, 2026Reporting PeriodQuarter ended June 30, 2026...

Ashoka Buildcon Limited Incorporates Special Purpose Vehicle for Chhattisgarh Infrastructure Project Ashoka Buildcon Limited has announced the incorporation of a new entity, ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED, as a Special Purpose Vehicle (SPV). The company was incorporated on July 15, 2026, in collaboration with RDB Real Estate Constructions Limited.The newly formed entity will operate within the real estate industry. Ashoka Buildcon Limited holds a majority stake of 51% in the SPV, representing 5,100 equity shares. The investment was made through cash consideration at a subscription price of Rs. 10 per share, totaling an aggregate value of Rs. 51,000.The primary objective of this Special Purpose Vehicle is...

ITI Limited Secures Rs 856.39 Crore Order from BSNL for 4G Network Expansion ITI Limited has secured a significant work order from Bharat Sanchar Nigam Limited (BSNL) to expand the 4G Mobile Network across West India. The project, valued at Rs 856.39 Crores, involves the planning, engineering, supply, installation, testing, and commissioning of the network on a turnkey basis for 7,613 sites in the West Zone.The expansion is part of India's Atmanirbhar telecom initiative, which focuses on utilizing indigenous 4G telecom equipment to achieve self-reliance within the domestic market.The company has established a strong track record with BSNL by successfully executing a prior turnkey project worth Rs 2,640 Crores for the provisioning of...

Shree Karthik Papers Limited Schedules Board Meeting to Review Quarterly Financial Results Shree Karthik Papers Limited has announced that its Board of Directors will convene a meeting on August 13, 2026. The primary purpose of this board meeting is to consider and take on record the un-audited financial results for the quarter ended June 30, 2026.The company has also specified the timeline for its trading window in connection with the upcoming announcement of these financial results. The trading window for shares of the company is closed from July 1, 2026, to August 16, 2026, inclusive. Trading activities are scheduled to resume on August 17, 2026.The key dates and details regarding the board meeting and trading window are...