Markets

Chiraharit Ltd Wins Contract from Tata Power Renewable Energy Limited for Borewell Supply and Services Chiraharit Ltd, formerly known as Chiraharit Private Limited, has secured a substantial contract with Tata Power Renewable Energy Limited (TPREL). The agreement involves the supply of pipes and fittings and associated services for borewell projects.The domestic order, valued at Rs. 55,99,500/- excluding GST, covers the Supply and Services for Borewell. This engagement places Chiraharit Ltd in a key position to support TPREL's renewable energy infrastructure requirements.According to the details of the purchase order, the scope involves supplying Pipes & Fittings as per Bill of Quantities (BOQ). The location of supply is designated...

Amara Raja Commissions Customer Qualification Plant in Telangana, Boosting Lithium-Ion Battery Capacity Amara Raja Advanced Cell Technologies has announced the commissioning of its Customer Qualification Plant (CQP) at its Giga Corridor facility in Telangana. This development marks a critical step toward scaling up lithium-ion cell manufacturing capabilities in India.The CQP is designed to bridge the gap between laboratory research and commercial production, providing customers with validated cells before they enter high-volume manufacturing. The plant is set to manufacture lithium-ion cells in both cylindrical and prismatic formats across multiple chemistries. This functionality allows various customer programs and manufacturing...

Virtual Global Education Ltd Reports Qualified Opinion Due to Financial Irregularities and Documentation Shortfalls Virtual Global Education Ltd has released a statement detailing the impact of audit qualifications on its un-audited financial results for the quarter ended June 30, 2026. The company faces significant accounting adjustments related to fraudulent activities by its former Chief Financial Officer (CFO) and Director, alongside several outstanding documentary issues concerning major corporate transactions.The audited qualification is rated as "Qualified Opinion," reflecting material concerns regarding the reliability of the financial reporting due to these findings. Management has acknowledged the irregularities while...

Hemo Organic Ltd Approves Unaudited Quarterly Financial Results for Q1 2026 Hemo Organic Limited has approved the unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed these results at a meeting held on July 15, 2026.The company's results were subjected to a limited review by an Independent Auditor in compliance with applicable standards for interim financial reporting. These unaudited statements reflect the performance and comprehensive income generated during the quarter, alongside the status of other ongoing business transactions.The statement of standalone unaudited results for the quarter ended June 30, 2026, reflects a loss from continuing operations for the period.Key financial...

Caliber Mining IPO Nears 20% Premium as Grey Market Sells Ahead of Rs 450-Crore Launch Caliber Mining and Logistics is poised for a strong debut after its shares are trading at a significant premium in the unofficial grey market. The company is set to launch an initial public offering (IPO) totaling ₹ 450 crore, signaling robust investor confidence ahead of the market offering date.The IPO is scheduled to open on July 17 and close on July 21. With a fixed price band spanning from Rs 402 to Rs 424 per share, investors can anticipate strong potential gains based on current market sentiment.Grey Market Analysis and Listing Expectations The unofficial grey market has assigned a considerable premium to Caliber Mining shares. As of July...

Recode Studios Approves ESOP and Schedules Extraordinary General Meeting Recode Studios Limited announced significant corporate decisions following its Board meeting held on July 15, 2026. The Board approved the notice for an Extraordinary General Meeting (EGM) and formulated the 'Recode Studios Limited Employee Stock Option Plan, 2026' (RSL ESOP, 2026), which is subject to member ratification at the upcoming EGM.The company has set the date for the EGM as Tuesday, August 11, 2026, with the meeting scheduled for 3:00 P.M. The general meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).Voting and Scrutiny Details To ensure fair voting procedures, the Board fixed August 4, 2026, as the cut-off...

CXMT IPO Prepares for Valuation Surge as Chinese Chip giant Eyes 10x Growth Fueled by AI Boom Chinese investors are preparing fervent bids for the ChangXin Memory Technologies (CXMT) $8.6 billion IPO, betting that the company's valuation could soar significantly after its Shanghai debut. The market anticipates a massive appreciation of up to 10-fold, driven by the global demand surge in AI and Beijing’s strategic push towards technological self-sufficiency.The share offering, set to be Asia’s largest share sale this year, arrives amidst escalating international tech rivalry with the United States. CXMT is positioned as a key element of China's semiconductor ambitions, aiming to challenge established global players in memory...

Escorts Kubota Ltd Board Meeting Scheduled for Q1 Results Approval; Insider Trading Window Remains Closed Escorts Kubota Ltd announced that its Board of Directors meeting is scheduled to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2026.The company's Board of Directors meeting is set to take place on Monday, August 03, 2026. The meeting will be held to review and approve the financial results for the period. These results are slated to undergo a limited review by the Statutory Auditors of the Company.In addition to the financial update, Escorts Kubota Ltd provided an update regarding the trading window closure for its Designated Persons and their Immediate...

PNB, DIBD Forge Alliance to Unleash AI-Powered Multilingual Banking for Financial Inclusion A landmark Memorandum of Understanding (MoU) has been signed between Punjab National Bank (PNB) and the Digital India BHASHINI Division (DIBD), under the Ministry of Electronics and Information Technology (MeitY). This strategic partnership aims to dramatically advance multilingual Artificial Intelligence (AI) solutions within the banking sector, driving citizen-centric financial services across the nation.The collaboration involves both organizations integrating cutting-edge language technologies into PNB’s extensive digital banking ecosystem. By leveraging BHASHINI's indigenous AI framework, customers will soon be able to access essential...

Bengal Steel Industries Ltd to Hold Board Meeting to Approve Q1 Financial Results Bengal Steel Industries Ltd has scheduled a meeting of its Board of Directors to review and approve the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026.The company announced that the Board meeting will be held on Tuesday, July 21, 2026, at the Registered Office of the Company. The primary agenda item is the consideration and approval of the aforementioned financial results.Stock Price Movement Bengal Steel Industries Ltd settled at ₹0.05 on Friday, ticking up 25.00% from the previous close. The stock traded completely flat throughout the session, with its high and low remaining locked at ₹0.05.

Yash Innoventures Secures Loan Facility of Up To Rs 1.53 Crore from Cholamandalam Investment Yash Innoventures Limited (formerly known as Redex Protech Limited) has secured approval for a significant loan facility from Cholamandalam Investment and Finance Company Limited (CIFCL). The Board of Directors of the company approved the terms, which involve availing a secured loan facility up to Rs 1,53,00,000/- (Rupees One Crore Fifty-Three Lakhs Only) in tranches.The financing agreement allows Yash Innoventures to borrow from CIFCL at an interest rate not exceeding 10.50% per annum for a tenure that does not exceed 168 months. The facility is subject to the provisions of the Companies Act, 2013 and the borrowing limits approved by...

Shera Energy Approves Preferential Allotment of 45 Lakh Fully Convertible Warrants Shera Energy Limited has approved the preferential allotment of Forty-Five Lakh Fully Convertible Warrants (FCW), at an issue price of ₹118/- per warrant. The decision was made by the Board of Directors following a meeting held on July 14, 2026.The FCWs were allotted to various investors, including promoter entities and venture capital funds. Each warrant allows conversion into one Equity Share of face value ₹10/-, within a period of 18 months from the date of allotment, contingent upon payment of the remaining balance consideration.Key Details of the Preferential Allotment The total allocation involved 45,00,000 Warrants at an issue price of ₹118/-...

Cement Stocks Soar! UltraTech, Shree Rally as Nuvoco Vistas Unlocks Strong Outlook for Industry Cement stocks experienced a significant rally on Wednesday, with companies across the sector surging up to 3 percent. The broad-based movement was triggered after peer company Nuvoco Vistas Corp announced strong results for its June quarter. This performance has boosted investor sentiment and reinforced expectations of improved demand and pricing stability in the cement industry.Cement Stocks Rally Following Peer's Strong Results Shares of UltraTech Cement saw a 3 percent rise, while Shree Cement gained 2.5 percent. Ambuja Cements advanced by 1.4 percent, contributing to the widespread sectoral rally. Other stocks like JK Cement and ACC...

BlackRock Surges Past $15 Trillion Assets Amid Massive Inflows and Strategic Shift into Private Markets BlackRock has solidified its position as a global financial behemoth, crossing the $15 trillion asset mark for the first time. The asset manager reported attracting substantial investor inflows in the second quarter, driven largely by soaring demand for its Exchange-Traded Funds (ETFs). This monumental milestone underscores BlackRock’s growing dominance across various investment segments.Financial Performance and Profitability Leap The firm registered strong financial health during the reporting period. Net client cash inflows totaled $192 billion in the second quarter alone, which speaks volumes about investor confidence...

Strategic Maritime Projects Get Go-Ahead as Ministry Sanctions Multi-Billion Rupee Shipbuilding Drive in Gujarat The Shipping ministry has provided crucial in-principle approval for two transformative maritime infrastructure projects in Gujarat. These strategic initiatives are set to significantly boost India's domestic shipbuilding and repair capacities. The ministerial announcement confirms the commitment towards developing key industrial hubs along the Gulf of Kutch, solidifying Gujarat's role as a major naval and commercial manufacturing center.Massive Shipbuilding Cluster Planned for Porbandar District One cornerstone project is the greenfield shipbuilding cluster slated for development in the Porbandar district. This ambitious...

L.T. Elevator Commences Construction of Integrated Manufacturing Facility, Aims for Q4 FY27 Commissioning L.T. Elevator Limited, a provider of elevator solutions and automated parking systems, has officially commenced the construction of its Integrated Manufacturing Facility in West Bengal. The company held the Bhoomi Pujan (Groundbreaking Ceremony) on July 13, 2026, marking the start of site development at its recently acquired land parcel. The new facility is strategically designed to support the company’s expansion and is expected to be commissioned by Q4 FY27.The construction of the integrated facility represents a significant step in L.T. Elevator's strategic growth plans. Upon commissioning, the plant is projected to increase...

India’s Social Safety Net Surges to 1 Billion Individuals as ILO Highlights Global Cooperation Model Gilbert Hungbo, Director General at the International Labour Organization (ILO), announced a significant milestone regarding India's social protection framework on July 15. The report stated that India's social security system now covers one billion individuals, a feat offering valuable lessons for South-South cooperation. This declaration was made during the 12th BRICS Labour & Employment Minister's Meeting in Hyderabad.The discussions at the Ministerial gathering are centered around four critical areas of national importance. These include advancing the formalization and social security aspects of labour markets. Other focus areas...

Mrs. Biji Sreekrishnavilas Sankaranarayanan Appointed as Executive Director of Karnataka BankKarnataka Bank Ltd has appointed Mrs. Biji Sreekrishnavilas Sankaranarayanan as an Executive Director, marking a significant addition to the bank's leadership structure. The appointment follows her earlier designation as an Additional Director and Whole Time Director, with her assuming charge in this executive capacity effective from July 15, 2026.The Bank confirmed that Mrs. Biji Sreekrishnavilas Sankaranarayanan is a Key Managerial Personnel (KMP) effective as of today, July 15, 2026.Mrs. Biji Sreekrishnavilas Sankaranarayanan was appointed on May 19, 2026, and the tenure for this role is set for three years starting from July 15, 2026...

Regency Fincorp Board Approves Issuance of ₹40 Crore Secured NCDs to Strengthen Capital Base Regency Fincorp Ltd, a leading Non-Banking Financial Company (NBFC), announced that its Board of Directors approved the issuance of Secured, Rated, Listed, Redeemable, NonConvertible Debentures (NCDs) aggregating up to ₹40 crore. The approval was granted during a board meeting held on July 14, 2026.The proposed issuance is planned as a private placement and aims to bolster the Company's capital structure while supporting its operations in secured lending and portfolio growth. The total proposal includes a base issue of ₹20 crore and a green shoe option amounting to an additional ₹20 crore.Mr. Gaurav Kumar, Managing Director of Regency...

Neil Industries Ltd approves Un-Audited Financial Results for Quarter Ended June 30, 2026 Neil Industries Limited announced the approval of its un-audited financial results and a limited review report for the quarter ending June 30, 2026. The Board of Directors reviewed and took on record these outcomes during a meeting held on July 15, 2026.The company's board also noted the Limited Review Report for the period, which was issued by M/s R P Khandelwal & Associates, Jaipur.Financial Performance Highlights The un-audited financial results detail various income streams and expenses across the quarter ended June 30, 2026, as well as comparisons to the preceding and corresponding periods. The amounts are reported in Rs. Lakhs.The...