Markets

Siyaram Recycling Industries Ltd Secures Order Worth Rs. 2,89,76,080 from Saanvi Metal Craft Siyaram Recycling Industries Ltd has secured a noteworthy business order from Saanvi Metal Craft for Brass Scrap Honey. The total value of the contract is valued at Rs. 2,89,76,080.The agreement is categorized as a domestic transaction with a fixed cost nature. Siyaram Recycling Industries Ltd is expected to complete the execution of this order within a period of 07 days.Key details regarding the contractual terms are summarized in the table below:CategoryDetailsOrdering EntitySaanvi Metal CraftItem DescriptionBrass Scrap HoneyContract ValueRs. 2,89,76,080Order NatureFixed costExecution TimelineWithin 07 DaysThe...

Equippp Social Impact Technologies Limited Signs MoU with Telangana State Legislature Secretariat for Constituency Development Initiative Equippp Social Impact Technologies Limited has entered into a Memorandum of Understanding (MoU) with the Telangana State Legislature Secretariat to establish, operate, and transfer 119 Constituency Development and Sustainability Bridge Foundations. These entities will be established as independent non-profit section 8 companies, with one dedicated to each Assembly Constituency in Telangana.The initiative is designed to foster cross sector collaboration by serving as a bridge between Members of the Legislative Assembly (MLAs), government departments, technology partners, social impact investors...

Acme Solar Secures Massive Rs 2,646-Crore Funding From REC For High-Capacity FDRE Project ACME Solar Secures Major Financing for Firm and Dispatchable Renewable Energy Project ACME Solar announced on Thursday that it has successfully secured long-term project funding totaling Rs 2,646 crore from state-owned REC Ltd. The company confirmed the funding in an official exchange filing to support its latest renewable energy initiatives.The capital will be deployed for the development and construction of a 450MW/1800MWh Firm and Dispatchable Renewable Energy (FDRE) project. This specific project, known as the ACME Greentech Seventh Assured Peak Power Project, is designed to provide reliable power dispatch during periods of peak demand.The...

India's Rural Credit Landscape Surges as Institutional Reforms and Digital Innovation Drive Inclusive Growth India’s rural credit ecosystem is undergoing a profound transformation, evolving from a fragmented informal lending model into a diversified, institutionalized framework. This systemic shift serves as the backbone for agricultural growth, allied activities, and rural household consumption.The infrastructure now supports short-term, medium-term, and long-term credit requirements for both production and domestic needs. By fostering income generation and asset creation, this system has become a primary driver of rural development and household resilience across the country.Recent data from NABARD's Rural Economic Conditions and...

RateGain Travel Technologies Partners with Citrus Leisure to Power Direct Booking Journey in Sri Lanka RateGain Travel Technologies Limited has announced a strategic partnership with Citrus Leisure PLC, one of the leading publicly listed hospitality groups in Sri Lanka. The collaboration aims to strengthen direct bookings across the hotel portfolio of Citrus Leisure using the UNO Direct Stack technology.Through the UNO Direct Stack, Citrus Leisure will integrate guest acquisition, digital marketing, website management, booking conversion, distribution, and pricing intelligence into a single growth platform. This comprehensive approach is designed to help the group grow direct revenue, improve conversion rates, and reduce its...

Groww Shares Snap Two-Day Rally as Q1 Profits Soar 94% Amid Bullish Brokerage Upgrades Shares of Billionbrains Garage Ventures, the parent company of Groww, experienced a pullback on Thursday after an initial period of significant appreciation. The stock fell nearly 2% to reach Rs 212 at 10:55 am, marking a decline of Rs 4.33 from previous levels.This correction follows a two-day winning streak where the stock had gained approximately 9%. Despite this recent dip, market sentiment remains largely positive following the company's latest financial disclosures.Robust Q1 FY27 Financial Performance Groww reported a massive surge in its consolidated net profit for the first quarter of FY27. The company posted a net profit of Rs 735 crore...

HSBC Upgrades Indian Equities to Neutral as Easing Oil Prices and Foreign Flows Ignite Bullish Outlook HSBC has officially upgraded its outlook on Indian equities from "Underweight" to "Neutral," citing a significant cooling in crude oil prices and a resurgence in foreign investment flows.The brokerage noted that the recent easing of the oil shock has reduced pressure on corporate margins, thereby lowering the risk of significant earnings downgrades for companies.This shift comes as India, the world's third-largest crude importer, finds relief from volatile energy costs following an interim U.S.-Iran agreement to end Middle East tensions. Brent crude futures have plummeted 33% from their April peak of $126.41 in response to this...

DCB Bank Scheduled to Review Unaudited Financial Results for Quarter Ending June 30, 2026 DCB Bank Limited has scheduled a Board of Directors meeting to take place on July 24, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results of the bank for the quarter ended June 30, 2026.The board meeting will serve as the formal forum for reviewing the bank's financial performance during the recent period. The proceedings are set to focus on the results pertaining to the quarter ending June 30, 2026.Event DetailsInformationEntity NameDCB Bank LimitedScheduled Meeting DateJuly 24, 2026Primary AgendaUnaudited Financial Results for the quarter ended June 30, 2026DCBBANK Stock Price...

Mandrake Bio Secures ₹16 Crore Pre-Seed Funding to Revolutionize AI-Driven Gene Editing Bengaluru-based biotech startup Mandrake Bio has successfully raised ₹16 crore in a pre-seed funding round. The investment was co-led by Activate and Antler as the firm seeks to develop a new generation of AI-designed gene-editing enzymes for both agriculture and therapeutics.The funding round saw significant participation from Spectrum Impact and DeVC. Notable angel investors including Vijay Chandru, Paras Chopra, Sanjiv Rangrass, and Vatsal Dusad also participated in the round to support the startup's technological ambitions.Technological Breakthrough in Synthetic Protein Design Founded by Tanay Lohia and Dr Kutubuddin Molla, Mandrake Bio is...

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...