Markets

Karnataka Bank Appoints Mrs. Biji Sreekrishnavilas Sankaranarayanan as New Executive Director Leading private sector lender, Karnataka Bank, has announced the appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan as its new Executive Director. The role comes into effect from July 15, 2026.Mrs. Biji Sreenivas is a Strategic Banking Leader who brings thirty-one years of experience across South Indian banks. Her extensive background encompasses corporate banking, retail and branch banking operations, liabilities management, secured assets, transformation initiatives, and digital modernization.The appointment comes after Mrs. S demonstrated a proven track record in managing nationwide banking networks as independent profit centers...

Aster DM Healthcare Allots Equity Shares Following Amalgamation; Promoter Holding Diluted to 24.01% Aster DM Healthcare Ltd, through its operational name Aster DM Quality Care Limited, completed the allotment of equity shares to eligible shareholders following a Scheme of Amalgamation with Quality Care India Limited (QCIL). The transaction resulted in the aggregate shareholding of Aster Promoters changing from 40.39% to 24.01%.The Scheme was sanctioned by the National Company Law Tribunal, Hyderabad Bench, on June 19, 2026. Pursuant to this scheme, which involved the transferor company QCIL and the transferee company Aster DM, equity shares were allotted to eligible shareholders of QCIL on July 13, 2026. The allotment was done at a...

Unemployment Rate Holds Steady as Female Labour Force Participation Falls to Lowest Level in a Year India's unemployment rate remained unchanged at 5.5 percent in June, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistics Office (NSO). This stability comes despite a significant moderation in female labour force participation, which declined marginally to reach its lowest level since June 2025.The overall labour force participation rate (LFPR) for individuals aged 15 years and above stood at 54.4 percent in June. This reflects a marginal improvement compared to the 54.2 percent recorded one year ago, though it signals continued pressure on labor market dynamics across regions. The worker...

Sobha Ltd Announces Conference Call for Q1FY27 Operational and Financial Performance Sobha Ltd has scheduled a conference call to brief Analysts and Institutional Investors regarding the company's operational and financial performance for the quarter ending June 30, 2026. The event is set for Tuesday, July 21, 2026, at 5:00 P.M. IST.The conference call will provide insights into Sobha Ltd’s business activities during the first quarter of the financial year 2027 (Q1FY27).Sobha Limited is represented by key members for the investor briefing. The event will feature Mr. Jagadish Nangineni, Managing Director, and Mr. Yogesh Bansal, Chief Financial Officer, to discuss the company's performance.The details of the conference call are...

Sanathnagar Enterprises Applies to BSE for Promoter Re-classification Sanathnagar Enterprises Ltd. has submitted an application to the Bombay Stock Exchange (BSE) seeking the re-classification of certain promoters from the 'Promoter and Promoter group' category to the 'Public' category shareholder.The application was made on July 15, 2026, addressed to BSE Limited. This initiative concerns the change in classification for specific individuals within the promoter group held by the company.SEL Stock Price Movement Shares of Sungarner Energies Limited slipped today, settling at ₹234.05 after closing down 2.62%. The stock saw a total traded volume of 5,000 shares during the session.

Metal Coatings India Ltd to Hold 32nd AGM on August 20; Announces Final Dividend and Book Closure Dates Metal Coatings India Ltd has announced key dates relating to its upcoming Annual General Meeting (AGM) and the declaration of a final dividend for the financial year 2025-26. The company confirmed that the 32nd AGM is scheduled to be held on Thursday, August 20, 2026.The Board of Directors had previously recommended a final dividend of Rs. 1/- per equity share. This recommendation pertains to equity shares valued at Rs. 10/- each and will be put up for shareholder approval during the AGM.To determine the eligibility of shareholders for the Final Dividend and the subsequent e-voting process, Metal Coatings India Ltd fixed Thursday...

Margo Finance Ltd to Hold 35th Annual General Meeting via VC/OAVM on August 7, 2026 Margo Finance Limited announced that its Thirty-fifth (35th) Annual General Meeting (AGM) will be held virtually. The AGM is scheduled for Friday, August 7, 2026, at 12:30 p.m. IST, conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).The meeting agenda includes the adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with related reports from the Board of Directors and Auditors. A key item of business is the re-appointment of Mr. Sushilkumar Agrawal (DIN: 00400892), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and seeks reappointment.The...

Divine Power Energy Limited Secures Fresh Orders, Boosting Order Book for DPEL and Subsidiary VIPL Divine Power Energy Limited (DPEL) and its wholly owned subsidiary, Vimlesh Industries Private Limited (VIPL), have secured new orders from existing customers. These contracts reflect the continued trust in the Group’s product quality and reliable service delivery across both manufacturing units.The newly secured orders are aimed at strengthening the Group's operational capabilities as manufacturers of Winding Wires and Strips (Fiberglass/DPC/DCC/SE). The companies noted that these recurring business relationships underscore a commitment to customer satisfaction and building long-term partnerships.Order Book Expansion for DPEL Divine...

Bharat Tex and Première Vision Forge Strategic Alliance to Boost India's Textile Dominance in EU Market The Bharat Tex Trade Federation (BTTF) and Première Vision SA have signed a Letter of Intent (LoI), forging a strategic partnership aimed at deepening the textile and apparel collaboration between India and the European Union. This collaboration is set to create crucial new opportunities for Indian manufacturers, exporters, and designers looking to expand their global footprint.The initiative will enable international buyers and major fashion houses to engage more deeply with India's competitive and diverse textile ecosystem. The partnership commitment extends beyond trade, actively promoting innovation, sustainable practices...

India-UK Trade Agreement Goes Live: Zero-Duty Access Boosts Exports and Unlocks Billions in New Market Opportunities The implementation of the Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom marks a landmark moment in their economic partnership. This modern agreement aims to deepen bilateral trade and investment by improving market access, streamlining procedures, and enhancing services commitments across numerous sectors. CETA promises to significantly boost export competitiveness for Indian businesses while providing strategic safeguards for domestic industries.What the CETA Means for Bilateral Trade The CETA is designed not just as a commercial deal but as an inclusive, future-oriented...

Hittco Tools Ltd Boosts Authorized Share Capital Amid Corporate Restructuring Hittco Tools Limited announced several significant resolutions following its Board of Directors meeting held on July 15, 2026. The board considered and approved major changes related to the company's capital structure and initiated procedures for shareholder approval through a postal ballot and remote e-voting process.A primary resolution approved was the increase in the Authorized Share Capital of the company. The existing Authorized Share Capital stood at 15,00,00,000 Equity Shares of ~10/each (Rupees Fifteen Crore), which is being increased to 35,00,00,000 Equity Shares of ~10/each (Rupees Thirty-Five Crore). This increase involves the creation of...

Jana Small Finance Bank Confirms Proceeds Utilization from Non-Convertible Securities Jana Small Finance Bank Limited has certified that the proceeds generated from non-convertible securities have been fully utilized for their intended purpose, confirming there were no material deviations in the use of these funds as outlined in the offer document.The bank affirmed that all proceeds derived from the issue of non-convertible debt securities align with the objectives stated when those securities were raised. This certificate addresses the utilization status of these non-convertible securities for stakeholders and regulatory records.JSFB Stock Price Movement Shares of Jana Small Finance Bank Limited gained 0.55% today, concluding...

Groww Bets Big on Wealth Management, vowing Transformation into Full-Fledged Financial powerhouse Groww is set to embark on a massive strategic shift, evolving from a retail stock trading platform into a comprehensive wealth management company over the next decade. This ambitious transformation was outlined by co-founder and CEO Lalit Keshre following the release of the company's June-quarter earnings. The focus is moving beyond merely being an execution platform to serving clients through their entire financial lives.The Decade-Long Vision: Beyond Stock TradingCEO Lalit Keshre stated that Groww’s initial decade was dedicated to democratising investing for retail investors. However, the subsequent phase will be defined by offering a...

Greenpanel Industries Ltd Reports on Sustainability, ESG Performance for FY 2025-26 Greenpanel Industries Limited has released its Business Responsibility and Sustainability Report covering the financial year 2025-26. The comprehensive report details operational statistics, corporate governance structures, and the company's commitments to environmental and social responsibility (ESG).The company manufactures plywood, MDF, and allied products, with its operations spanning both national and international markets. Greenpanel operates in two states and union territories across India and has a presence in nine countries internationally. The contribution of exports towards total turnover stood at 9.63%.Operational Snapshot and Workforce...

Promoter Group Releases Pledge Over 1 Crore Equity Shares of Embassy Developments LimitedEmbassy Developments Limited, formerly Equinox India Developments Limited, reported that its Promoter Group has released a pledge over an aggregate of 1,00,00,000 equity shares of the company. The release pertains to shares held by Embassy Property Developments Private Limited (EPDPL), which constitutes the promoter group of the company.This update follows earlier news regarding the pledging activities of the promoter group. EPDPL had previously released a pledge over 2,00,00,000 equity shares of the company, a development that was initially disclosed on June 9, 2026.The release of the current pledge covers one crore equity shares, adding to...

HDFC Life Insurance Announces Completion of Tenure for Independent Director Mr Sumit BoseHDFC Life Insurance Company Ltd has announced that Mr Sumit Bose will cease serving as an Independent Director upon the completion of his tenure at the company. The change in governance is scheduled following his fulfillment of two consecutive five-year terms.The Board of Directors, during its meeting on July 15, 2026, recorded its appreciation for Mr Bose’s contributions to the organization throughout his service. The Board expressed sincere gratitude for his invaluable guidance and support provided to HDFC Life Insurance Company Ltd.Mr Bose's departure marks the conclusion of a significant tenure in his capacity as an Independent Director...

Indo Cotspin Announces Book Closure and E-Voting Dates for 32nd Annual General Meeting Indo Cotspin Ltd. has announced the dates for the book closure related to its upcoming 32nd Annual General Meeting (AGM). The company confirmed the timeline for shareholders who wish to participate in the meeting, including e-voting facilities.The register of members and share transfer books of Indo Cotspin Ltd. are scheduled to remain closed from August 03, 2026, to August 10, 2026 (both days inclusive) for the purpose of conducting the 32nd Annual General Meeting.Shareholders can exercise their voting rights through remote e-voting. The remote e-voting period is scheduled to commence on Friday, August 07, 2026, at 09:00 A.M., and will conclude...

Moschip Technologies Ltd Allots Over 242,000 Equity Shares Through ESOP ExerciseMoschip Technologies Ltd has approved the allotment of a substantial number of equity shares following the exercise of Stock Option Plans by eligible employees. The move comes as part of the company's various Employee Stock Option Schemes.The allotment was sanctioned by the Nomination and Remuneration Committee of the Board of Directors on July 15, 2026. This decision allows for the issuance of 2,42,636 equity shares to employees who exercised their options vested under the MosChip Stock Option Schemes. The face value of each allotted share is Rs 02/-.The newly issued shares will rank pari-passu with all existing equity shares of the Company...

Trade Talks Continue Undeterred: Officials Confirm Proposed US Tariffs on Russian Oil Are Not a Hurdle in India-US Negotiations Stability Assured as Tariff Dispute Fails to Derail India-US Trade Dealings A government source has assured that the proposed United States legislation seeking to levy 100 percent tariffs on nations purchasing Russian oil will not complicate ongoing trade negotiations between India and the U.S. The official stated that this specific issue has not emerged as a point of friction during discussions between the two countries.The statement emphasizes that the potential tariff threat remains extraneous to the current state of bilateral commerce talks. The source confirmed that both nations maintain their commitment...

Indo Us Bio Tech Limited Changes Statutory Auditor Following Resignation of Previous Firm Indo Us Bio Tech Limited has announced a change in its Statutory Auditor. The company confirmed the resignation of M/s. Gautam N Associates, Chartered Accountants, and subsequently approved the appointment of M/s. Bhagat & Associates, Chartered Accountants, as the new auditor.M/s. Gautam N Associates tendered their resignation from the position of Statutory Auditor, effective June 15, 2026. The company stated that the reason for the change was administrative and operational restructuring of the company's audit assignments. Prior to the resignation, M/s. Gautam N Associates submitted an Independent Auditors' Report for the year ended on March 31...