Markets

SES ESG Issues Environmental, Social, and Governance Rating for Home First Finance Company India Limited SES ESG Research Private Limited (SES ESG), a Category II Sebi-registered ESG Rating Provider, has independently assessed the Environmental, Social, and Governance performance of Home First Finance Company India Limited.The rating, which covers the Environmental, Social, and Governance aspects of the company's operations, was issued by SES ESG. The information regarding this rating is available on the respective website for interested stakeholders.HOMEFIRST Stock Price Movement On Wednesday, shares of Home First Finance Company India Limited rallied to close at ₹1247.1 after gaining 1.53%. The equity traded within a day range of...

DCW Ltd Announces Retirement of Chief Executive Officer Amitabh Gupta After 55 Years DCW Ltd has announced that Mr. Amitabh Gupta, who serves as a Key Managerial Personnel, will be retiring from the services of the company. His retirement takes effect from the close of business hours on July 15, 2026, upon attaining the age of superannuation.The announcement details a long and distinguished association with DCW Ltd for Mr. Gupta, who is set to retire as Chief Executive Officer. The Board of Directors and the Management have registered their deep appreciation for his exemplary leadership and commitment during his tenure with the company, noting his invaluable contributions to the firm's growth and success over the years.Mr. Gupta’s...

Zero-Duty Access Unlocks Massive Potential: India Launches Trade Offensive as UK CETA Enters Force The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom, along with the vital Agreement on Social Security, has formally entered into force. This historic milestone represents a significant leap in strengthening the economic partnership of both complementary economies. The agreements provide zero-duty market access for nearly 99 per cent of India's exports, covering almost 100 per cent of the total trade value.Trade and Services Gains from the Comprehensive Economic Agreement The CETA provides unprecedented opportunities across various sectors crucial to the Indian economy. These include textiles...

CRISIL Reaffirms and Enhances Credit Rating of Rajesh Power Services Ltd Rajesh Power Services Ltd has received a credit rating update from CRISIL Ratings Limited concerning its bank facilities. The rating action was disseminated in July 2026, reflecting the company's financial standing as assessed by the ratings agency.CRISIL affirmed both the Long Term and Short Term ratings for Rajesh Power Services Ltd's debt instruments and banking facilities. Key details regarding the current ratings and the total amount of bank loan facilities rated are summarized below:Rating MetricCRISIL RatingOutlook StatusLong Term RatingCrisil A-/PositiveRating Reaffirmed (Outlook revised from 'Stable')Short Term RatingCrisil A2+Reaffirmed...

Network18 Media Reports Q1 FY27 Earnings Amid Ad Revenue Boost and Digital Market Dominance Network18 Media & Investments Limited announced its results for the quarter ended June 30, 2026. The consolidated operating revenue grew by 10.3% year-on-year (YoY) to Rs 516 crores. While the company maintained significant market leadership in digital media and advertising consumption during state elections, operational costs resulted in a sequential decline in Consolidated Operating EBITDA.The earnings release highlights Network18's strong performance in capturing advertising spends during simultaneous multi-state elections, such as those held in West Bengal and Tamil Nadu. The network saw its ad inventory consumption increase by 10% YoY...

Mehta Family Trust Indirectly Acquires 24.04% Stake in Saurashtra Cement Limited Amid Succession Planning Saurashtra Cement Limited (SCL) saw a significant change in its ownership structure following an indirect acquisition of voting rights by the Mehta Family Trust. The transaction, designed as an internal family reorganization and succession planning initiative, resulted in the Acquirer Trust holding 24.04% of SCL's voting rights.The acquisition involves the transfer of interests held by members of the promoter group, including Jay Mahendra Mehta and Juhi Chawla Mehta. The restructuring aims to consolidate control within the Mehta Family structure and achieve long-term succession planning objectives for the company.Key components...

RBI Approves Appointment of Mr. Rajiv Kumar as Part-time Chairman of HDFC Bank Limited HDFC Bank Limited announced significant changes regarding its senior leadership structure, confirming the appointment of Mr. Rajiv Kumar as a Part-time Chairman following approval by the Reserve Bank of India (RBI).The RBI communicated that it has approved the appointment of Mr. Rajiv Kumar, holding DIN 08049696, as the Part-time Chairman of HDFC Bank Limited. This appointment is made under Section 10B(1A)(i) of the Banking Regulation Act, 1949, and is effective from July 15, 2026, for a period of three years.The bank also acknowledged Mr. Keki Mistry, expressing sincere gratitude for his valuable guidance and contributions during his tenure as...

Industrial Safety Order Issued Following Fire at Jain Resource Recycling Unit-II Jain Resource Recycling Ltd., formerly known as Jain Resource Recycling Private Limited, has received a directive from industrial safety authorities concerning its manufacturing facility after an incident involving a furnace accident. The order mandates several corrective and preventive measures before operations can recommence at the affected unit.The directive was issued by the Office of the Joint Director of Industrial Safety and Health-I in Chennai on July 14, 2026. This action followed an inspection conducted after a fire accident occurred at the company’s Unit-II facility in Pappankuppam, which is located within the SIPCOT Industrial Complex.The...

E To E Transportation Secures Major Contract from Southern Railway for Track Doubling Project E To E Transportation Infrastructure Limited has secured a significant contract from the Southern Railway (SR), Thiruvananthapuram Division, involving infrastructure work related to track doubling between Thiruvananthapuram Central and Kanniyakumari stations. The contract, awarded through competitive bidding, involves providing crucial signaling and telecommunication arrangements for the railway division.The order totals ₹ 31,32,55,789.08 (Rupees Thirty-One Crore Thirty-Two Lakh Fifty-Five Thousand Seven Hundred And Eighty-Nine Rupees And Eight Paise Only). E To E Transportation will execute the contract within a six-month period following...

Angel One Announces Interim Dividend, Reports Q2 Financials; Intends Deloitte Appointment Angel One Limited has announced the declaration of its first interim dividend for the financial year 2026-27. The company also released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside key updates regarding auditor appointments and debt security status.The Board of Directors approved the interim dividend at a rate of Re. 1 per equity share (face value Re. 1). The company set Tuesday, July 21, 2026, as the record date for shareholders to be eligible for the payment. The dividend is slated to be paid on or before Friday, August 14, 2026.Financial Performance Highlights (Standalone) The...

SEBI Issues Corrigendum on Illiquid Stock Options Adjudication Order, Correcting Key Name Detail MUMBAI: The Securities and Exchange Board of India (SEBI) has issued a formal Corrigendum to an existing Adjudication Order regarding dealings in Illiquid Stock Options (ISO). This regulatory update addresses an inadvertent error found within the previously passed order.The CORRIGENDUM, dated July 15, 2026, concerns Adjudication Order Ref. No. Order/MS/KS/2026-27/32482, which was initially passed on July 14, 2026. This order relates to the matter of dealings in ISO at BSE concerning Late Ms. Anju Rani.Correction of Name in Adjudication Proceedings The primary purpose of this Corrigendum is to rectify a specific naming error present in...

Sai Silks Fixes Record Date for Final Dividend Payment of Rs 1.50 Per Share Sai Silks (Kalamandir) Ltd has announced that it has fixed a record date for the payment of its final dividend for the financial year ended 2025-26. The Board of Directors determined Monday, August 03, 2026, as the relevant record date.The decision was made during a board meeting held on July 15, 2026. This move follows a recommendation made by the Board in its previous meeting on May 12, 2026, and is subject to shareholder approval. The company has resolved to pay a final dividend of Rs. 1.50 per equity share, against the nominal value of Rs. 2/- each.The record date was set specifically for the purpose of distributing this payment.Key details regarding...

Taming the Data Deluge: RBI Rolls Out Draft Guidance on Regulatory Expectations to Combat Financial Risks The Reserve Bank of India (RBI) has today released a critical draft titled 'Guidance on Regulatory Expectations for Data Governance.' This move signals a major shift in regulatory focus, addressing the exponential growth and management complexity associated with data across the financial sector. The draft is now open for public comments from stakeholders.This initiative underscores the RBI's commitment to enhancing operational resilience within regulated entities (REs). The Guidance aims to support institutions by strengthening their overall data governance frameworks and promoting sound practices throughout the entire data...

Maruti Suzuki India Schedules Board Meeting to Approve Unaudiited Financial Results for June Quarter Maruti Suzuki India Ltd has scheduled a board meeting to review and ratify the unaudited financial outcomes for the quarter ending June 30, 2026.The company's directors are set to convene on Friday, July 31, 2026. The primary agenda item for the meeting includes considering and approving the performance and results of the company for the specified period.MARUTI Stock Price Movement Maruti Suzuki India Limited closed today having edged higher by 0.59% to settle at ₹13583.The stock traded within a range of ₹13435 and ₹13606, with 456,369 shares transacted in the session.

Near-Zeroing Out: RBI Cancels Registration Certificates of 18 NBFCs Amid Business Exit and Corporate Restructuring Shifts The Reserve Bank of India (RBI) has officially cancelled the Certificate of Registration (CoR) for eighteen Non-Banking Financial Companies (NBFCs). This regulatory action, executed under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, reflects significant structural shifts and operational changes within the NBFI sector.Understanding the Regulatory Action The cancellation signifies that these companies are either ceasing their operations as a Non-Banking Financial Institution or have transitioned into regulatory categories that do not require full NBFC registration. The RBI’s action is...

PDS Limited Dissolves Design Arc LLC as Part of Corporate Streamlining Efforts PDS Limited has confirmed the dissolution of Design Arc LLC, a step-down subsidiary located in Delaware, USA, concluding its operational existence effective July 13, 2026. The company informed stakeholders on July 15, 2026, regarding this structural change following an ongoing initiative to streamline the corporate structure across the PDS Group.As a result of the dissolution, Design Arc, USA has ceased functioning as a step-down subsidiary of the listed entity. The move aligns with efforts by PDS Limited to eliminate non-operational and redundant entities within the group structure.The transaction involving Design Arc LLC did not have any material impact...

Banks Unleash Credit Surge, Amid Steady Deposit Inflow as RBI Statement Reveals Financial Strength The Reserve Bank of India’s (RBI) statement on the position of scheduled banks provides a comprehensive look into the stability and operational capacity of the Indian banking system. As of June 30, 2026, the data underscores sustained growth in bank credit while maintaining robust deposit inflows from the public.Commercial Banks Drive Up Lending Activities Scheduled commercial banks demonstrated a marked acceleration in their lending activities across various instruments. Loans, cash credits and overdrafts increased significantly, rising to ₹21,482,219.52 crore. This upward trend reflects an active deployment of capital by financial...

Procter & Gamble Health Updates Key Dates for 59th Annual General Meeting and Final Dividend Eligibility Procter & Gamble Health Limited has provided an updated schedule regarding its upcoming 59th Annual General Meeting (AGM) for the Financial Year 2025-26, along with the corresponding record date necessary for shareholder participation and final dividend distribution.The company confirmed the revised timing for the important shareholder meeting, which is scheduled to take place in September 2026. The updated schedule provides specific dates for both the AGM and the cutoff point for shareholders interested in receiving the final dividend, should it be approved during the meeting.Key operational details concerning the 59th Annual...

Usha Martin Limited Fixes Record Date Ahead of 40th Annual General MeetingUsha Martin Limited has announced the details for its upcoming 40th Annual General Meeting (AGM). The company is scheduled to hold the AGM on Thursday, August 20, 2026.The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).A key operational detail has been established for members, as the Record Date for determining eligibility for dividend payments pertaining to the financial year ended March 31, 2026, has been set as Thursday, August 13, 2026.The company confirmed that the Notice of the 40th AGM and the Annual Report for the financial year ended March 31, 2026, will be submitted in due course.USHAMART Stock Price...

CSM Technologies’ Subsidiary Wins INR 32.08 Million Contract to Design Digital Auction Platform for Malawi CSM Technologies Limited, a GovTech company specializing in Digital Public Infrastructure (DPI) solutions, has secured a significant international contract worth INR 32.08 million. The assignment is with the Public Private Partnership Commission (PPPC) of Malawi and involves designing and commissioning an Electronic Auction Platform (EAP) for the Digital Malawi Acceleration Project (DMAP).The project, which falls under the World Bank’s Inclusive Digitalization in Eastern and Southern Africa (IDEA) programme through the International Development Association (IDA), is awarded to CSM Tech Limited, a wholly owned subsidiary of CSM...