Markets

Power Equipment Stocks Surge Amid Broke Competition fears After China Exemption is Granted for Government Tenders Shares of power equipment companies experienced a significant rally on July 6 after hitting one-month lows, rising up to 4%. Key players such as Hitachi Energy India, GE Vernova T&D India, CG Power and Industrial Solutions, and Siemens Energy saw their stocks climb. These movements came despite the recent announcement that four Chinese power equipment manufacturers have been allowed to participate in government tenders for critical power projects.Increased Competition Following China Exemption The recent policy shift grants an exemption allowing four specified Chinese firms to compete with domestic players. The companies...

Unichem Laboratories Announces 63rd Annual General Meeting and Releases FY2025-26 Annual Report Unichem Laboratories Limited has announced the details of its 63rd Annual General Meeting (AGM) and made available the complete Annual Report for the Financial Year 2025-26. The meeting is scheduled to take place on Tuesday, August 11, 2026.The company informed shareholders that the AGM will be conducted at 3:30 p.m. (IST) and will be accessible via Video Conferencing (VC) or Other Audio Visual Means (OAVM).For those members who require the Annual Report for the Financial Year 2025-26, details are available through the company's official website. The complete information is accessible via the web link provided on the company site.The...

Cella Space Ltd Announces Board Meeting to Review Q1 Financial Results for FY2026-27 Cella Space Limited has scheduled a meeting of its Board of Directors on Monday, July 13, 2026. The primary agenda item for the gathering is the review and approval of the company’s Unaudited Standalone Financial Results for the quarter ended June 30, 2026.The Board Meeting, set for July 13, 2026, will encompass all crucial operational reviews for Cella Space Ltd. The agenda states that besides reviewing the financial outcomes of the quarter ending June 30, 2026, the Directors will consider any other matters brought before them with the permission of the Chairperson.The company confirmed this schedule in its public notice released on July 06, 2026...

Deepak Nitrite Limited Announces Details for 55th Annual General Meeting (AGM) Deepak Nitrite Limited has set key dates and details for its 55th Annual General Meeting (AGM). The company announced that Monday, July 27, 2026, has been fixed as the Record Date. This date is designated for determining the members of the Company eligible to receive a dividend if it is declared by the shareholders at the AGM.The 55th Annual General Meeting is scheduled to be held on Wednesday, August 5, 2026. The meeting will commence at 11:30 AM IST and will be conducted via Video Conferencing or through other Audio Visual Means.The company has established these details for all shareholders and stakeholders, ensuring that eligible members can...

Board Approves 1:2 Bonus Issue of Equity Shares at ₹10 Face Value Organic Recycling Systems Ltd has approved a bonus issue plan, recommending the issuance of new fully paid-up equity shares through the capitalization of eligible reserves. The move is set to significantly increase the company's paid up capital structure.The Board of Directors of Organic Recycling Systems Limited confirmed the recommendation for issuing bonus shares at a ratio of 1:2. This means that one new equity share, each with a face value of ₹10, will be issued for every two existing fully paid-up equity shares held by eligible shareholders as of the record date.The issuance is planned out of the share premium account (eligible for capitalization, net of...

Panama Petrochem Ltd Commences Commercial Operations at New Facility in Thane Panama Petrochem Ltd has officially initiated commercial operations at its new units located in Maharashtra. The company commenced these activities on July 06, 2026, at its facility situated in Thane District.The commencement of commercial operations marks a key milestone for the company's expansion and production capacity. These new units are located at Lodha Industrial and Logistic Park II (LILP II).Key details regarding the operational commencement are summarized below:DetailInformationUnit/DivisionUnits located at Lodha Industrial & Logistic Park II (LILP II)LocationVillage Narhen, Taluka Ambernath, District ThaneDate of CommencementJuly...

Shanthi Gears Ltd releases Business Responsibility Report, details operational scope and ESG commitments Shanthi Gears Limited (SGL) has published its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report details the company's operational footprint, financial structure, and comprehensive commitment across environmental, social, and governance (ESG) parameters, setting ambitious sustainability goals for the next decade.The listed entity, which was incorporated in 1972, maintains a paid-up capital of ₹ 7.67 Crores. SGL operates across 3 plants and 1 office, serving customers both nationally across 28 States and 8 Union Territories, as well as internationally in 27 countries.Operational...

Aegis Vopak Terminals Schedules 13th Annual General Meeting and Sets Key Dividend DatesAegis Vopak Terminals Limited has announced details regarding its upcoming 13th Annual General Meeting (AGM), along with key dates related to dividend entitlement and shareholder voting processes for the financial year 2025-26.The AGM is scheduled to be held on Friday, August 07, 2026, at 11:00 a.m. (IST). The meeting will be conducted through Video Conference (VC) or Other Audio Visual Means (OAVM).In relation to shareholder entitlements for the final dividend of FY 2025-26, the company has fixed Friday, July 10, 2026, as the Record Date. Shareholders eligible to receive this final dividend will be paid on or before Friday, September 04, 2026...

Manali Petrochemicals Resumes Plant 1 Operations Following Maintenance Activities Manali Petrochemicals Limited has announced the resumption of operations at its Plant 1 facility. The company confirmed that the plant resumed operations effective July 05, 2026, following the completion of necessary maintenance activities.The operational update indicates that the temporary shutdown was carried out to execute scheduled maintenance procedures at the facility.Manali Petrochemicals Limited also stated that this brief period of inactivity had no material adverse impact on the company's overall operations. The resumption of Plant 1 ensures continuity in the company’s manufacturing process.MANALIPETC Stock Price Movement Shares of Manali...

Shyam Metalics Reports Sales Performance for June 2026 and Q1 FY27 Across Multiple Segments Shyam Metalics and Energy Limited (SMEL), an integrated metal producing company, has released its consolidated sales figures for June 2026 and the first quarter of Fiscal Year 2027. The results cover various key business segments, including Stainless Steel, Aluminium Foil, Pellet, Speciality Alloys, Carbon Steel, CR Coils/Sheets, HR Tubes/Pipes, Sponge Iron, and Pig Iron.SMEL operates across both intermediates and final products within the steel value chain and maintains a diversified product mix. The company is noted as one of the largest producers of Ferro Alloys and ranks among the top players in terms of pellet capacity and the...

Enviro Infra Engineers Secures ₹256.92 Crore EPC Orders for Energy-Efficient Sewage Treatment Infrastructure in Varanasi and Uttar Pradesh Enviro Infra Engineers Limited (EIEL), a prominent EPC player specializing in water and wastewater treatment, has secured two major Hybrid Annuity Model (HAM) projects from Uttar Pradesh Jal Nigam (Rural) under the Government of India’s Namami Gange Programme. The combined order value for these prestigious projects stands at ₹256.92 crore.With these recent acquisitions, EIEL has expanded its HAM portfolio to five projects, reinforcing its status as a key developer and executor of long-term water and wastewater infrastructure within the industry.The two new contracts involve developing Sewage...

Surge Alert: ITI Launches Hybrid Multi-Asset Fund Blending Equity, Fixed Income, and Commodity Hedges ITI Asset Management Limited has unveiled a powerful new investment vehicle with the launch of the ITI Multi Asset Allocation Fund. This open-ended scheme is designed for investors seeking long-term capital appreciation through a dynamic combination of diverse asset classes. The fund offers sophisticated exposure to equity, debt instruments, and commodities via Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs).The fund provides a comprehensive solution by allocating assets across multiple risk profiles simultaneously. Investors can look forward to a structured portfolio that includes domestic equities, fixed income...

Kirloskar Oil Engines Shares Surge Over 8% as Jefferies Sees Potential for 26% Upside Following Data Centre Foray Kirloskar Oil Engines shares witnessed a significant rally in intra-day trading on Monday, climbing by over 8 percent. The stock soared to an intra-day high of Rs 2,410 per share on the NSE, following positive coverage from global brokerage Jefferies. This move comes as analysts highlight the company's strong market positioning and expansion into crucial high-growth sectors.The initial surge saw the stock open 2.83 percent higher. However, profit booking activity slightly moderated the upward momentum by around noon, with the stock trading at Rs 2,333.20 per share, marking a gain of 4.59 percent at that time.Jefferies...

Ather Energy Plans Up To $200 Million Share Sale Amid Exploding Demand and EV Market Battle Ather Energy Ltd., a leading electric two-wheeler maker, is reportedly planning a significant share sale to institutional investors to raise up to $200 million. This move comes as the company aggressively seeks capital to fuel rapid expansion amidst intensifying competition in India's booming electric vehicle market.The company has appointed major financial institutions, including HSBC Holdings Plc, Axis Capital Ltd., and Nomura Holdings Inc., to manage this qualified institutional placement (QIP). The fundraising effort is targeted at institutional investors and is planned to take place as early as next week.Accelerating Valuation Fueled by...

104 Crore Health Records Linked to 93 Crore ABHA Accounts: India's Digital Health Revolution Reaches Major Milestone The Ayushman Bharat Digital Mission (ABDM) is rapidly establishing itself as one of the world's largest and most effective digital public infrastructure ecosystems. By seamlessly integrating patients, insurers, hospitals, and doctors onto a single unified network, ABDM is fundamentally reshaping healthcare delivery across India. This monumental achievement signals a decisive step toward realizing Universal Health Coverage for all citizens.The initiative has successfully linked over 104 crore health records to more than 93 crore ABHA accounts. By digitizing patient histories, the system drastically reduces dependence on...

Bank of India Joins PSB Xchange to Expand Digital Supply Chain Financing Ecosystem PSB Alliance Pvt. Ltd and Bank of India have entered into an agreement, positioning the bank as a lending partner on the PSB Xchange platform, which is described as India's unified digital working capital finance ecosystem. This collaboration aims to significantly strengthen the availability of institutional credit and supply chain financing for Micro, Small, and Medium Enterprises (MSMEs) associated with anchor corporates.The partnership facilitates the delivery of supply chain finance through a streamlined digital process. Bank of India will provide this specialized finance to eligible borrowers linked to participating anchor corporates utilizing PSB...

Raymond Limited Appoints Former BEL CMD Bhanu Prakash Srivastava as CEO - Defence to Spearhead Strategic GrowthMumbai, July 6, 2026 — Raymond Limited has announced the appointment of Bhanu Prakash Srivastava as Chief Executive Officer - Defence. This move marks a significant strategic expansion for the company into India's rapidly evolving defence and aerospace sector.Bhanu Prakash Srivastava brings nearly four decades of distinguished leadership experience from his tenure at Bharat Electronics Limited (BEL), offering deep expertise in defense technologies, large-scale program execution, and institution building. In his new capacity, Mr. Srivastava will be responsible for leading Raymond's defense business, setting its strategic...

Sahasra Electronic Solutions Limited Announces AGM Date and Key Dates for Dividend Eligibility Sahasra Electronic Solutions Limited has announced key dates related to its upcoming Annual General Meeting (AGM) and the eligibility requirements for members concerning the final dividend of the financial year 2025-26.The company's fourth Annual General Meeting is scheduled to be held on Monday, August 3, 2026, at 10:30 A.M. (IST). Members will be able to attend through Video Conferencing (VC) or other Audio Visual Means (OAVM).To determine which members are eligible to receive the dividend for the financial year 2025-26, Sahasra Electronic Solutions Limited has set Wednesday, July 15, 2026, as the designated Record Date. Furthermore...

Raymond Appoints Bhanu Prakash Srivastava as CEO-Defense Business, Designating Him Senior Management Personnel Raymond Limited has appointed Mr. Bhanu Prakash Srivastava as CEO-Defense Business. He has been classified as a Senior Management Personnel (SMP) of the Company, effective from July 6, 2026.Mr. Srivastava brings extensive experience in defense and technology sectors to the role. His professional background includes over four decades with Bharat Electronics Limited (BEL), where he held various senior leadership positions and contributed significantly to business growth and profitability across multiple areas. These areas include Radio and Data equipment, Military and Telecom Switching Equipment, C4I Systems for Civil and...

Defence Contract Hype: Apollo Micro Systems Shares Surge as DAC Approves Massive Arms Procurement Package Shares of the smallcap defence electronics firm, Apollo Micro Systems (AMSL), extended their gains for the third consecutive session on Monday. The stock saw an upward movement after the Defence Acquisition Council (DAC) approved crucial acquisition proposals for the armed forces. This approval has driven strong buying interest in AMSL's shares, which have gained nearly 6 percent over the past three trading sessions.The sharp rally comes following the DAC decision made on Friday. The council accorded Acceptance of Necessity (AoN) for various high-tech defence equipment acquisitions intended for the Defence Forces. These proposals...