Markets

NCLT Allows Scheme of Arrangement Between Eyantra Ventures and Prismberry Technologies The National Company Law Tribunal (NCLT) has passed a First Motion Order, allowing the Scheme of Arrangement involving Prismberry Technologies Private Limited and Eyantra Ventures Limited. The decision was issued on July 15, 2026, concerning the proposed amalgamation between the two entities under Section 230 to 232 of the Companies Act, 2013.The Tribunal's order stipulated that the requirement for convening meetings of the Equity shareholders and creditors (both secured and unsecured) of both the Transferor Company (Prismberry Technologies Private Limited) and the Transferee Company (Eyantra Ventures Limited) could be dispensed with.Details of...

Continental Controls Ltd Approves Rights Issue and Reviews Quarterly Financials; Appoints New Directors and CS Continental Controls Limited announced several significant strategic approvals following its Board of Directors meeting held on July 15, 2026. The resolutions covered fundraising through a rights issue, operational acquisitions, the appointment of new key management personnel, and the acknowledgment of various resignations.The Board approved raising funds by issuing equity shares via a rights issue to eligible shareholders. The proposed issue involves fully paid-up Equity Shares with a face value of ₹10 each. The total amount for this issuance has been set not exceeding Rs 50 Crores. A dedicated Rights Issue Committee was...

One 97 Communications to hold Board Meeting and Earnings Call as it Considers Bonus Issue and Q2 Results One 97 Communications Ltd has scheduled a meeting of its Board of Directors and an earnings conference call following the announcement of key operational updates, including a proposal for issuing bonus shares and the review of its financial results for the quarter ended June 30, 2026.The Board meeting is set to take place on Monday, July 20, 2026. The agenda items include considering and approving the Unaudited standalone and consolidated financial results of the Company. A significant item to be discussed at the meeting is a proposal for the Issuance of Bonus Shares to Shareholders, subject to necessary approvals.Furthering...

Reliable Ventures India Ltd Appoints New Directors and Notes Multiple Resignations on Board Reliable Ventures India Ltd has announced significant changes in its board structure following a meeting held on July 15, 2026. The company appointed several new directors, including Mr. Sivanag Vasireddy as Managing Director, while simultaneously noting the resignations of four existing board members.The Board reviewed and approved the appointment of new professionals across various director categories, all based on recommendations from the Nomination and Remuneration Committee. These appointments were effective as of July 15, 2026.New Appointments to the Board Mr. Sivanag Vasireddy was appointed by the company as an Additional Director and...

AI Rally Crumbles: Kospi Plummets Over 7% as Chip Giants Face Valuation Fears Amid Geopolitical Turmoil The momentum of the global artificial intelligence rally has met a sharp correction. Semiconductor stocks tumbled across Asian markets, dragging regional equities lower as investors expressed skepticism regarding the sustainability of lofty valuations in the high-stakes chip sector. South Korea’s Kospi index suffered a significant decline, driven heavily by losses in SK Hynix and Samsung Electronics Co., ahead of a holiday period.Why Korean Chip Stocks Are Tanking The selloff is fueled by multiple layers of concern regarding the semiconductor market's frothiness. Investors are closely scrutinizing whether fundamental earnings can...

Majestic Auto Ltd Executes Consent Agreement with ARC for Sharan Hospitality Resolution Plan Majestic Auto Ltd has reached a settlement agreement with Assets Care & Reconstruction Enterprise Limited (ARC) regarding the implementation of the Resolution Plan for Sharan Hospitality Private Limited (SHPL). The agreement, finalized on July 15, 2026, allows the company to move forward with the resolution process after settling disputes with ARC, which holds the financial assets relating to SHPL.The settlement follows a period where Axis Bank Limited, the financial creditor of SHPL, initiated liquidation proceedings against the company. These proceedings were subsequently set aside by the National Company Law Tribunal (NCLT), permitting the...

TSMC Surges Amid AI Chip Boom: Profit Set to Jump 59%, Nearing Record Highs as Demand Soars TSMC, the leader in advanced chip manufacturing, is poised for another milestone quarter as global demand for artificial intelligence (AI) infrastructure continues its rapid ascent. The company is expected to log a fifth consecutive quarter of record earnings, driven by blistering growth in its core business segments.Analysts project a significant 59% surge in net profit for TSMC during the April-June period. This massive jump underscores the pivotal role TSMC plays as a critical supplier to major tech giants like Nvidia and Apple.Global AI Demand Drives Profit Surge The resilience of TSMC's advanced chip technologies is a key driver behind...

Powerica Ltd Secures 100MW Wind Project Bid from SECI's Competitive Auction Powerica Limited has emerged as the successful bidder in an e-Reverse auction conducted by Solar Energy Corporation Limited (SECI). The company secured the bid for a 100 MW wind power project, which was part of a competitive process involving grid-connected projects.The electronic reverse auction concluded on July 15, 2026. During this process, Powerica submitted its competitive bid, and the discovered tariff for the project was recorded at ₹3.85 per unit. The company expects to receive the Letter of Award (LOA) within the timelines specified in the tender document.Upon receiving the LOA, Powerica Limited will enter into a Power Purchase Agreement (PPA) with...

NACL Industries Ltd to Hold Board Meeting to Approve Quarter Ended June 30 Financial Results NACL Industries Limited has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026. The board meeting is set to take place on Wednesday, July 22, 2026.During this meeting, the company will review and ratify both the Standalone and Consolidated financial results corresponding to the specified quarter.The company also announced timelines regarding its trading window in relation to these results. The trading window for dealing in NACL Industries Limited securities was closed from the start of business hours on July 1, 2026. This restriction remains in place...

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...