Markets

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...

Zydus Wellness Schedules Board Meeting for Unaudited Quarter Results Zydus Wellness Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 4, 2026. The primary agenda for this session is the consideration and approval of unaudited financial results for the quarter ended June 30, 2026.The board will deliberate on these financial outcomes in addition to other scheduled items during the meeting. Regarding operational activity, a trading window remains closed until Thursday, August 6, 2026. For directors and designated persons of the company, the trading period is set to reopen on Friday, August 7, 2026.Event DetailsDate/TimelineBoard Meeting DateAugust 4, 2026Quarter End DateJune 30, 2026Trading Closure...

Prabhudas Lilladher Revises MRPL Target to ₹150 Amid Rising Crude Costs and SAED Pressures Prabhudas Lilladher has maintained a 'Hold' rating on Mangalore Refinery and Petrochemicals (MRPL) while upwardly revising the stock's target price to ₹150. This revision comes as the company navigates complex operational headwinds including fluctuating crude prices and excise duties.Mixed Q1FY27 Performance Amidst Geopolitical Volatility The refinery reported an EBITDA of ₹13.2bn for Q1FY27, missing both the Professional Estimate (PLe) of ₹10.9bn and the Brokerage Beat Group estimate (BBGe) of ₹15.2bn. The miss was primarily driven by a higher cost of sales resulting from elevated crude prices following the West Asia conflict.In comparison to...

Central Mine Planning & Design Institute Limited Provides Director Identification Number for Appointed Independent Director Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited, has provided the official Director Identification Number (DIN) for Shri Rajesh Davera, who serves as a Non-Official Independent Director on the company's Board.The update confirms that Shri Davera holds DIN 11828075. This information clarifies previous communications where the identification number was listed as being under process at the time of initial reporting. All other details regarding his appointment remain unchanged.Shri Davera was appointed to the Board effective July 15, 2026. His tenure is set for a period...

Bullion Prices Dip Amid Renewed US-Iran Tensions as Global Markets Watch Fed Policy Bullion prices witnessed a marginal decline during early trade on July 16. This downward pressure is attributed to renewed tensions between the US and Iran, which have kept both the US dollar and crude oil prices elevated.Market participants are closely monitoring these geopolitical developments as they influence global metal valuations. The interplay between energy costs and currency strength continues to define the current trading environment for precious metals.Bullion Prices Retreat Amid Geopolitical Friction On the international front, gold spot prices traded with a 0.29 percent decline to $4,040.20 per ounce during morning trade on Comex. This...

SEBI, NISM Launch Combined Certification to Break Mutual Fund and SIF Distribution Bottlenecks Streamlined Access for Specialized Investment Funds The Securities and Exchange Board of India (SEBI) and the National Institute of Securities Markets (NISM) have formalised a new certification examination for distributors of mutual funds and specialized investment funds (SIFs). This initiative directly addresses a significant bottleneck that had emerged while attempting to expand the distribution network for new investment products.The regulatory move focuses on the complexity of SIF strategies, which posed challenges for the expansion of the distributor base. To ensure market integrity, NISM has specified the NISM-Series-V-D: Mutual Fund &...

Devson Catalyst Rockets to 66% Premium on Debut as Oversubscribed IPO Ignites BSE SME Heat Devson Catalyst Limited delivered a powerhouse performance on the BSE SME platform this Thursday, marking a significant milestone for the specialty chemicals manufacturer. The stock debuted at ₹196 per share, representing a substantial premium of approximately 66 percent over its issue price of ₹118.This explosive listing comes on the heels of an overwhelming investor response during the bidding period from July 9 to July 11. Investors showed immense confidence in the company, resulting in the initial public offering being subscribed 220.35 times.Robust Investor Sentiment and Market Dynamics The Rs 42.34 crore SME IPO saw heavy participation...

ICICI Lombard Shares Plunge 13% as Brokerages Flag Significant Fall in Q1 PAT ICICI Lombard General Insurance shares experienced a sharp sell-off on July 16, with the stock trading at Rs 1,593.3 apiece by 9:50 am. The shares crashed roughly 13% following the release of disappointing first-quarter results for the current fiscal year.The private sector insurer reported a staggering 46% decline in profit, totaling Rs 403 crore for the April-June period of FY26. This marks a significant drop from the Rs 747 crore profit recorded during the same period last year.Profit Slump Driven by Fire Segment Losses and Legal Judgments The company attributed the sharp decline in profitability to two major losses within its fire segment...

Kalyan Jewellers Snaps Six-Day Winning Streak After RS 20,000 Crore Market Cap Surge Kalyan Jewellers shares faced a cooling period during early trade on Thursday, declining approximately 2 percent to reach ₹537. This movement effectively snapped a notable six-session winning streak for the jewellery retailer.Despite this intraday pullback, the stock maintains a robust trajectory in the current calendar year. It remains up about 11.4 percent so far in 2026, significantly outperforming the Nifty 50 which has seen a decline of 7.8 percent over the same period.Market Capitalization and Recent Rally Dynamics The recent six-session rally was exceptionally potent, propelling the stock by 54.5 percent in a short window. This surge added...

KCP Limited Announces Record Date for Interim Dividend Payment KCP Limited has announced the record date for its interim dividend payment. The company has established Wednesday, August 12, 2026, as the official record date to determine shareholder eligibility for the upcoming distribution.The interim dividend is scheduled to be paid on or after Tuesday, August 25, 2026. This update follows a previous announcement regarding the Board of Directors meeting held to consider financial results for the quarter ended June 30, 2026, and the potential declaration of an interim dividend.The key dates associated with the dividend payment are outlined in the table below:EventScheduled DateRecord DateAugust 12, 2026Payment DateOn or...

Laser Power & Infra Shares Surge to Listing Premium as High Subscription Drives Market Debut Laser Power & Infra Ltd made a significant entry into the equity markets on Thursday with a robust listing performance. The integrated power cables and transmission products manufacturer saw its shares debut at a notable premium over the initial offering price.The company successfully secured a massive 38.94 times subscription for its initial public offering (IPO) between July 9 and July 13. This high demand from investors laid the groundwork for the successful listing on both major Indian exchanges.Laser Power & Infra Lists with Notable Premiums on NSE and BSE On the National Stock Exchange (NSE), shares of Laser Power & Infra were listed...

India’s Energy Security Alert: Can UAE Ports Shield Crucial Oil and Gas Flows From a Strait of Hormuz Shutdown? India is navigating a complex geopolitical landscape as tensions in the Middle East threaten its primary energy corridors. The country relies heavily on the Strait of Hormuz for its vital fuel supplies, making any disruption to this waterway a significant threat to domestic stability.Before recent escalations, India sourced approximately 60% of its crude oil imports, 54% of its LNG imports, and 90% of its LPG imports through the Hormuz route. This heavy concentration makes the country particularly vulnerable to maritime friction.Even when physical supplies remain available, increased military escorts and operational...