Markets

Biocon Receives EMA Approval for New Insulin Drug Product Fill Finish Unit in Malaysia Biocon Ltd has received approval from the European Medicines Agency (EMA) to establish a new drug product fill finish line for Semglee® (insulin glargine). The manufacturing unit is situated at the company's insulin production facility located in Malaysia.This development enhances the company's manufacturing capabilities for its insulin products. Biocon expects that commercial supplies to Europe from this dedicated production line will begin during the second quarter of fiscal year 2027 (Q2FY27).DetailInformationProduct InvolvedSemglee® (insulin glargine)Regulatory AuthorityEuropean Medicines Agency (EMA)Manufacturing LocationMalaysia...

Catalyst Trusteeship Limited Releases Pledge on Embassy Developments Ltd Shares Catalyst Trusteeship Limited, acting as the Debenture Trustee on behalf of debenture holders, has released 30,00,000 pledged equity shares of Embassy Developments Ltd. This transaction reduces the encumbrance on the company's equity shares.The release was executed in two distinct tranches. A total of 2,00,00,000 shares were released on June 4, 2026, followed by a further 1,00,00,000 shares released on July 14, 2026.The following table provides the details regarding the change in share encumbrance:CategoryPre-Release Holding (Encumbrance)Released AmountPost-Release Holding (Encumbered)Number of Shares14,66,35,24030,00,00011,66,35,240% of Paid-Up...

Kizi Apparels Limited Promoter Acquires Additional Equity Shares Through Warrant Conversion Abhishek Nathani, the Promoter and Managing Director of Kizi Apparels Limited, has acquired an additional 5,01,000 equity shares in the company. The transaction took place on July 14, 2026, following the conversion of warrants into equity shares through a preferential allotment process.The acquisition marks a significant update to the promoter's holding within the company. Prior to this transaction, Mr. Nathani held 44,82,300 shares, which represented a 57.32% stake. Following the acquisition of the additional 5,01,000 shares, his total holdings now stand at 49,83,300 shares, representing a 49.23% holding in the company.Shareholding...

Sensex, Nifty Poised for Positive Opening as GIFT Nifty Gains Despite Asian Market Slump Indian benchmark indices are expected to open with a marginal uptick on Thursday, as the GIFT Nifty indicates a positive start despite widespread weakness across Asian markets. Investors are currently navigating a complex landscape of supportive Wall Street cues set against rising crude oil prices and escalating geopolitical tensions in the Middle East.The GIFT Nifty was trading at 24,090 around 8:00 am, representing an increase of 48 points or 0.2 percent. This suggests that the Nifty 50 could open slightly above Wednesday's closing level of 24,078.50.This positive signal follows a muted session on Wednesday where Indian markets gave up most of...

ACME Solar Secures INR 2,646.64 Crore Project Funding from REC Ltd for FDRE Initiative ACME Solar Holdings Limited has secured Rs 2,646.64 crore in long-term project funding from REC Ltd for the development and construction of its ACME Greentech Seventh 450MW/1800MWh Assured Peak Power Project.REC Ltd will serve as the sole financer for the project over a 20 year period. The company intends to deploy these funds toward the infrastructure and development phases of the project.The ACME Greentech Seventh Assured Peak Power Project incorporates multiple renewable energy technologies, including Solar and Battery Energy Storage System (BESS). This combination is designed to meet supply obligations while ensuring higher predictability and...

Modi Govt Signals Aggressive Push to Replace 100+ Imports as Geopolitics Strain Rupee The Indian government is launching a comprehensive initiative to reduce import dependence and shield the economy from escalating geopolitical risks. Prime Minister Narendra Modi has directed key ministries to identify categories of goods where high reliance on foreign imports can be replaced by local manufacturing.This strategic pivot aims to protect critical supply chains and ease pressure on the national currency, which has faced significant volatility recently. The move comes as India seeks to stabilize its economy against external shocks and volatile global trade dynamics.Government Targets 100 Plus Product Categories for Domestic Production...

Oil Prices Surge as Middle East Tensions Ignite Global Supply Fears While Gold Holds Steady Geopolitical Risks Drive Crude Oil Rally Crude oil prices extended their gains for a fourth consecutive session on July 16 as escalating tensions in the Middle East pressured global markets. The rally comes as fresh U.S. strikes on Iranian military sites heighten geopolitical risks and concerns over supply disruptions through the Strait of Hormuz.Brent crude climbed 0.4% to reach $85.28 per barrel during the session. Meanwhile, WTI crude saw an even sharper increase, gaining 0.5% to trade at $80.02 per barrel.Market participants are closely monitoring the situation in the Middle East as it continues to influence energy supply dynamics. The...

Mobavenue AI Tech Establishes Singapore Hub to Scale AI-Native AdTech in Southeast Asia Mobavenue AI Tech Limited has launched operations in Singapore, establishing the city-state as its regional hub for Southeast Asia. This expansion is a key component of the company's international growth strategy aimed at strengthening its presence in one of the world's fastest-growing digital economies.The operations will be managed through MAITL ASIA PTE. LTD., a wholly owned subsidiary of Mobavenue Global Holdings Ltd. From the Singapore hub, Mobavenue intends to scale its AI-powered capabilities across programmatic media, audience intelligence, omnichannel customer engagement, and consumer growth for brands and agencies throughout the ASEAN...

GMR Airports Reports June 2026 Traffic Data; Highlights Delhi's Record-Breaking Performance and Operational Expansion GMR Airports Ltd., formerly GMR Airports Infrastructure Limited, has released its Monthly Traffic Data for June 2026 and Q1 FY2027, showcasing the operational resilience across its portfolio. The data details passenger traffic trends, aircraft movements, and key milestones achieved at various international airports globally.The company reports that it served approximately 10 million passengers in June 2026 across all portfolio airports, recording a marginal decline of 0.3% year-over-year (YoY). Long-term growth vectors for Q1 FY27 are estimated at a 5-year Total Pax CAGR of approximately 8.3%, with international...

Prithvi Exchange Expands Retail Footprint With New Branches in Thane and Ghatkopar Prithvi Exchange (India) Ltd has announced a significant expansion of its retail presence, inaugurating two new branches in Mumbai. This move strengthens the company's network, increasing its total national branch count to 38 locations.The addition of the Thane and Ghatkopar branches reflects Prithvi Exchange’s commitment to enhancing customer accessibility across key markets. These expansions are designed to provide clients with seamless forex services within a contemporary and technology-enabled environment. The strategic growth is aimed at bolstering the company's national presence and reinforcing its position in the foreign exchange services...

ACME Solar Commissioned BESS Project in Rajasthan, Reaching 285 MW Capacity ACME Solar Holdings Ltd., through its subsidiary ACME Suryodaya Private Limited, has successfully commissioned a Battery Energy Storage System (BESS) project in Rajasthan. The commissioning event took place on July 15, 2026.The BESS project, located at Village Sanwara and Mehar Nagar in Tehsil Pokhran, District Jaisalmer, has a capacity of 110.336 MWh. The Commercial Operation Date (COD) for this specific system is set for July 17, 2026.The successful commissioning marks a significant milestone for ACME Suryodaya Private Limited. With the addition of this project, the subsidiary has achieved a total commissioned capacity of 285 MW / 952.960 MWh.Key...

INDO SMC Holds Analyst Investor Meet Highlighting Participation of Envision Capital IDO SMC Ltd held an analyst and institutional investor meeting on July 15, 2026. The company officials participated in the virtual session which ran from 12:00 P.M. to 12:45 P.M. via Zoom.The purpose of the event was to convene with analysts and institutions regarding the company’s operations.A summary of the attendees during the meeting is provided below:Sr. No.TimeCompany/ Institution/ Analysts/ OrganizationMode1.12.00 P.M. to 12:45 P.M.Envision CapitalZoomThe meeting was conducted as a one-on-one interaction with investors and analysts.Stock Price Movement INDO SMC Ltd settled in post-market trading on Wednesday after dipping 5.00%...

Ather Energy Approves Equity Issue Launch Sets Floor Price at ₹ 1,169.70 Per Share Ather Energy Ltd has authorized the commencement of its equity issue, having approved the preliminary placement document and setting a floor price of ₹ 1,169.70 per Equity Share. The decision was ratified by the Board during a meeting held on July 15, 2026.The Board's approval paves the way for inviting bids for the subscription of Equity Shares. Key decisions made during the meeting included adopting the preliminary placement document and corresponding application form dated July 15, 2026, enabling the company to invite qualified institutional buyers (QIBs) for the issue. The launch of the Issue was also authorized on the same day.The Board...

Gaudium IVF and Women Health Ltd Commences Operations of New Centre in South Delhi Gaudium IVF and Women Health Ltd has announced that it will commence operations at its new facility in South Extension, New Delhi. The company intends to use the newly established center to expand its offerings in fertility and reproductive healthcare services.The new centre is designed to provide comprehensive care, supported by advanced embryology laboratories, modern medical infrastructure, and a dedicated team of experienced fertility specialists.Key details regarding the commencement of operations for the Gaudium IVF - South Extension Centre are provided below:ParticularsDetailsName of the New Centre/HubGaudium IVF - South Extension Centre...

ArisInfra Solutions Secures ₹79.05 Crore Work Order from J. Kumar - NCC (GMLR) JV ArisInfra Solutions Ltd has secured a significant work order valued at ₹ 79.05 crores. The contract involves the loading, transportation, and disposal of excavated material from a tunnel at the approved dumping yard land assigned by J. Kumar - NCC (GMLR) JV for the GMLR Project.The work order was awarded by the domestic entity, J. KUMAR - NCC (GMLR) JV. This project pertains to the Goregaon-Mulund Link Road (GMLR) twin tunnel in Mumbai, where the joint venture serves as a lead contractor.Details of the contract confirm that the work order is effective from its date of issue and remains valid until the completion of the excavated material disposal...

Spice Lounge Food Works Launches Ondesi.ca, A Premier Online Marketplace for Desi Canadians Spice Lounge Food Works Ltd., through its technology subsidiary TEKSOFT SYSTEMS, Inc., has successfully launched Ondesi.ca. The dedicated online platform serves as a classifieds and community marketplace specifically designed for the South Asian community in Ontario, Canada.Ondesi.ca is positioned as one of the largest online platforms targeting the South Asian diaspora across Ontario. It brings together Canadians of Indian, Pakistani, Bangladeshi, and Sri Lankan heritage onto a single digital marketplace, aiming to streamline essential daily activities and bolster community connections.The platform was developed with the core focus on user...

Knack Packaging Ltd Approves Sub-Lease of Land and Plant Lease to Boost Manufacturing CapacityKnack Packaging Ltd., a manufacturer and exporter of PE/PP Woven Fabrics and Printed and Laminated Woven PP Bags, has approved a transaction aimed at significantly enhancing its manufacturing capacity. The Board of Directors sanctioned the sub-lease of factory land and building, along with the lease of plant and machineries, from Dayana Polyplast Limited.The company's decision to secure these assets was designed to meet increasing customer demand, optimize production timelines, and strengthen market presence without incurring substantial capital expenditure for acquisition.Following the Board meeting held on July 15, 2026, the management...

UPL Ltd. Releases Business Responsibility and Sustainability Report for FY 2025-26; Highlights Commitment to Circular Economy UPL Limited has released its comprehensive Business Responsibility and Sustainability Report (BRSR) for the financial year spanning April 1, 2025, to March 31, 2026. The report details the company's performance across environmental stewardship, social responsibility, governance structure, and commitment to ethical business practices, with independent reasonable assurance provided by TÜV SÜD South Asia Pvt. Ltd. on the BRSR Core indicators.Corporate Profile and Business Operations The company, incorporated in 1985, has a paid-up capital of R 169 Crores. Its business activities are diversified between...

Promoter Vikas Garg Taken Into Custody by Directorate of Enforcement; Vikas Lifecare Reports No Material Impact on Business Operations Vikas Lifecare Ltd has announced that one of its Promoters, Mr. Vikas Garg, was taken into custody by the Directorate of Enforcement. The company confirmed that this event holds no material impact on its ongoing business operations, which continue in the ordinary course.The development relates to proceedings initiated by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002. These investigations involve the examination of transactions linked to various listed companies and foreign entities or SEBI-registered Foreign Portfolio Investors (FPIs).Vikas Lifecare Ltd stated that...

Continental Controls Ltd Board Approves Rights Issue, Closes Software Deal with Onelife Capital Advisors Limited Continental Controls Ltd held a Board of Directors meeting on July 15, 2026, during which it approved several significant strategic initiatives, including the potential issuance of equity shares and securing commercial rights to specialized software applications. The board also reviewed the company's recent financial performance and made key appointments regarding corporate governance.The management disclosed that the Board had considered and approved measures related to capital structure, operational agreements, and internal oversight for the coming fiscal year.Capital Raising and Financial Reporting The company has...