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Vivek Nishant Nath Appointed Director (Commercial) on Board of NMDC Steel Ltd. Shri Vivek Nishant Nath has been appointed as the Director (Commercial) on the Board of NMDC Steel Limited by the Ministry of Steel, Government of India. The appointment was communicated via an order dated 14.07.2026.The appointment comes from his role as Chief General Manager at Odisha Mining Corporation Limited. According to the communication, the position is set for a period of five years from the date he assumes charge or until further orders are issued, whichever occurs earlier.The Ministry of Steel (MoS) had previously directed that the CMD and Functional Directors, along with Government Directors of NMDC Limited, would also serve in corresponding...

McLeod Russel India Wins NCLT Relief as Debt Resolution Application is Dismissed by Kolkata Bench McLeod Russel India Limited has received confirmation regarding the status of its insolvency application before the National Company Law Tribunal (NCLT), following a decision by the Hon'ble NCLT, Kolkata bench. The NCLT dismissed the application filed against the company by a financial creditor, allowing for ongoing debt restructuring negotiations.The insolvency application had been initiated by Financial Creditor, National Asset Reconstruction Company Limited (NARCL), acting through India Debt Resolution Company Limited. NARCL is the assignee of debt originally held by HDFC Bank Limited. The application related to an alleged default...

Asutosh Enterprise Ltd to Hold Board Meeting to Approve Q1 Financial Results Asutosh Enterprise Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Financial Results for the quarter ended 30th June, 2026.The company's board meeting is set to take place on Tuesday, July 21, 2026. The meeting will be held at the Registered Office of the Company, with the primary agenda item being the review and approval of the Unaudited Financial Results corresponding to the quarter that concluded on June 30, 2026.Stock Price Movement No market data is available for Asutosh Enterprise Ltd at this time to provide a complete flash update.

ICRA Revises Credit Ratings for Mirza International Ltd's Debt Instruments ICRA Limited has conducted a rating action review concerning various debt instruments and facilities of Mirza International Ltd, updating their ratings for long-term and short-term obligations. The assessment covers multiple categories of bank limits, which collectively total Rs. 205.00 crore across the reviewed instruments.The comprehensive rating actions executed by ICRA detail the standing of these facilities under various terms as communicated by Mirza International Limited.Overview of Rated Instruments The rated amount and associated ratings are summarized below:InstrumentRated Amount (Rs. crore)Rating ActionLong Term Fund...

RBI Slams Shutdown on 192 NBFC Registrations: What This Massive Regulatory Move Means for Financial Stability The Reserve Bank of India (RBI) has executed a significant regulatory action, cancelling the Certificates of Registration (CoR) for 192 Non-Banking Financial Companies (NBFCs). This move signifies a decisive exercise of regulatory power by the central bank over the corporate financial sector. The cancellation impacts various companies across multiple cities and industries, covering registrations that span decades.RBI Exercises Power to Cancel NBFC Certificates The decision to cancel these certificates was made by the RBI utilizing powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The cancellation...

Muthoot Microfin Limited Reports on Interest Rate Sensitivity in Statement for June 2026 Muthoot Microfin Limited has released its Statement of Interest Rate Sensitivity (IRS) for the month ended June 30, 2026. The statement provides a detailed overview of off-balance sheet items and their corresponding financial exposures across various time horizons. All monetary items presented in the report are denominated in ₹ Lakhs.The IRS details expected outflows (OO), expected inflows (OI), and the resultant mismatch (OI-OO) related to contingent items and derivatives, as reported by the company. The analysis covers exposure levels spanning maturities from 0 days up to 5 years, categorized into defined periods.Key data points regarding the...

Embassy Developments Ltd Promoter Releases Pledge Over One Crore Equity Shares Embassy Developments Ltd, which was formerly known as Equinox India Developments Limited, has announced the further release of pledged equity shares held by its promoter group. The company confirmed that Embassy Property Developments Private Limited (EPDPL), part of the promoter group, released a pledge covering 1,00,00,000 (One Crore) equity shares of the company.This action follows an earlier disclosure regarding the release of pledges made by the promoter group. Earlier, Embassy Developments Ltd had disclosed the release of pledges over an aggregate of 2,00,00,000 (Two Crore) equity shares on June 9, 2026.The continued commitment to transparency and...

Home Credit India Acquires 100% Stake in Varthana Finance for Education Finance Expansion Home Credit India Finance Private Limited, a subsidiary of TVS Holdings Ltd, has agreed to acquire a 100 per cent stake in Varthana Finance Private Limited. The transaction marks a strategic move for the Group to expand its presence into secured and longer tenure lending, specifically within the specialized education finance segment.The acquisition was finalized on July 15, 2026, involving cash consideration. Home Credit India will gain full control over Varthana Finance, which has been engaged in providing credit facilities and financial support across educational institutions, covering schools, colleges, tutorials, and training centers.The...

Smartworks Coworking Spaces Schedules Q1 FY27 Earnings Conference Call for Business Updates Smartworks Coworking Spaces Ltd has scheduled an Earnings Conference call with investors and analysts to review its performance and provide business updates for the first quarter of Fiscal Year 2026-27 (Q1 FY27). The conference call is set for Wednesday, July 22, 2026, at 4:00 P.M. (IST).The event is designed to provide stakeholders with insights into the company's operations and performance during Q1 FY27. Ambit Capital has been invited to moderate this investor gathering.Representatives from Smartworks Coworking Spaces Limited will attend the call. The leadership team includes Mr. Neetish Sarda, Managing Director; Mr. Harsh Binani...

Jana Small Finance Bank reports robust Q1 FY27 performance with 52% YoY rise in Profit After Tax Jana Small Finance Bank Ltd has reported strong operational and financial momentum for the quarter ending June 30, 2026. The Bank saw a significant increase in profitability alongside improving asset quality metrics across its consumer lending portfolio.The results reveal substantial growth in key areas, including deposits and advances, while the bank maintained a focus on cost rationalization and credit prudency.Financial Highlights and Profitability The institution recorded a 52% year-on-year (YoY) increase in Q1 Profit After Tax (PAT), amounting to Rs 155 crores. The Bank also noted considerable improvements in its operational...

Virtual Galaxy Infotech Clarifies Q1 Revenue Structure, Highlighting SaaS Segment Contribution Virtual Galaxy Infotech Limited has issued a clarification regarding the revenue presentation detailed in its Operational Highlights for Q1 FY 2026-27, addressing stakeholder understanding of its operating income streams.The company provided details on its financial performance, stating that Revenue from Operations for the relevant period stood at ₹40.4 Crores. Of this total, ₹39.4 Crores was generated specifically from the sale of products and services.A key focus of the clarification concerned the presentation of SaaS Services Revenue. The company noted that the SaaS Services Revenue of ₹17.9 Crores forms a segment within the larger...

Rajoo Engineers Ltd. Schedules Board Meeting to Approve Q1 Financial ResultsRajoo Engineers Ltd. has scheduled a Board of Directors meeting for Monday, July 20, 2026. The primary business item slated for consideration at the meeting is the approval of the company's Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The board members are set to consider these financial results along with the Limited Review Reports prepared for the period. In addition to this key business transaction, the meeting will address any other matters requiring the permission of the Chair.In operational updates related to market conduct, the company has noted that the trading window for designated persons and their...

Gulf Lloyds IPO Opens Next Week to Raise Rs 18 Crore; Check Fixed-Price Offering Details Ahmedabad-based Gulf Lloyds (India) is set to tap the capital markets next week with the launch of its maiden public issue. The fixed-price Initial Public Offering (IPO) aims to raise up to Rs 18.19 crore, providing a clear investment opportunity for retail and institutional investors alike.The IPO details were finalized in the red herring prospectus filed on July 13. It is scheduled to open for subscription on July 20 and close on July 22. This fresh issue comprises a total of 18.19 lakh equity shares, each offered at a fixed price of Rs 100 per share.IPO Allocation and Offering Structure The company has structured the allocation to cater...

Sharp Investments Ltd Announces Closure of Registers Ahead of 49th Annual General Meeting Sharp Investments Ltd has announced that its Register of Members and Share Transfer Books will be closed for a period leading up to the company's 49th Annual General Meeting (AGM).The books of the company will remain closed from Saturday, August 1, 2026, through Friday, August 7, 2026. This closure is scheduled specifically for the purpose of conducting the forthcoming AGM.The 49th Annual General Meeting is set to be held on Friday, August 7, 2026, at 10:00 A.M. The meeting will take place at FORTUNA TOWER, located at 23A, N.S.ROAD, in Kolkata.Stock Price Movement At the close of trade today, Sharp Investments Ltd shares held steady at ₹0.36...

HDFC AMC Posts 12% Profit Rise in Q1 FY27; Market Share Reaches 11.2% for Quarter Ended June 30, 2026 Mumbai, July 15, 2026: HDFC Asset Management Company Limited (HDFC AMC) today announced its financial results for the quarter ended June 30, 2026. The company reported a Profit after tax of ₹8,383 million, marking a 12% increase compared to Q1 FY25.The firm maintained strong operational momentum, reporting Revenue from Operations at ₹10,985 million and an Operating Profit of ₹8,276 million for the quarter, which is a 10% increase over Q1 FY25 results.Financial Performance Overview HDFC AMC’s financial health improved across key metrics in Q1 FY27 compared to Q1 FY26. The company recorded a Profit before tax of ₹10,902 million...

HDFC Life Insurance Announces Board Approval for Q1 Results, Showing Healthy Fund Position HDFC Life Insurance Company Limited has announced the approval of its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors held a meeting on July 15, 2026, which reviewed these results, alongside the Limited Review Reports prepared by independent Chartered Accountants.The company's Q1 performance was detailed across multiple reports, offering insight into key financial metrics and segment profitability for both the parent company and its subsidiaries.Financial Highlights and Operational Performance (Standalone) Based on the standalone unaudited results for the quarter ended June...

Amara Raja Launches Customer Qualification Plant in Telangana, Accelerating Li-Ion Battery Manufacturing Amara Raja Advanced Cell Technologies has commissioned its new Customer Qualification Plant (CQP) at its Giga Corridor facility in Telangana. The commissioning marks a significant step in the company's strategy to move towards commercial-scale lithium-ion cell manufacturing and reinforce India's battery ecosystem.The CQP, which was inaugurated by Shri A. Revanth Reddy, Chief Minister of Telangana, is dedicated to bridging the gap between laboratory R&D and large scale industrial production. The facility is strategically located within Amara Raja's Giga Corridor and is backed by a broader program involving an investment of ₹9,500...

Presumptive Tax Shakeup: New Income Tax Act 2025 Barring Losses Could Skyrocket Tax Burden for Small Businesses The newly introduced provisions within the Income Tax Act, 2025 are set to fundamentally alter how small businesses and professionals calculate their tax liability. While the basic structure of presumptive taxation remains, a critical change bars taxpayers from utilizing various losses, allowances, and deductions against income calculated under this scheme.This consolidation, intended to streamline compliance, has significant implications for those who rely on presumptive income to mitigate risk and reduce taxable earnings. Experts warn that this tight restriction could translate directly into a higher tax burden across the...

Mukand Limited Executes Term Sheet for Sale of Land Parcels in Kalwa Mukand Limited has executed a Term Sheet with AGP DC Infra Private Limited for the sale of various land parcels located in Village Kalwa, Thane district. The transaction was formalized on July 15, 2026.The sale includes several land parcels comprising approximately 35,548.93 square metres (around 8.78 Acres), which are identified by multiple CTS numbers in Village Kalwa. Additionally, the company is selling a portion of land measuring approximately 1,691.64 sq. mtrs (about 0.42 Acres) and related areas pertaining to a Northern Access Road, totaling around 6,818.33 sq. mtrs (approximately 1.68 Acres).The composite consideration for the land parcels and associated...

Mega Infrastructure Push: Cabinet Approves Rs 14,447 Cr Elevated Corridor to Revolutionize Varanasi Mobility and Decongest NH-19 Cabinet Greenlights Massive Ganga Elevated Corridor for Varanasi The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given approval for a transformative infrastructure project aimed at decongesting Varanasi city. This initiative involves developing a Link/Connector Corridor between National Highway-19 (NH-19) and the Varanasi Ring Road, along with riverbank connectivity adjacent to the River Ganga.The high-impact project spans 46.039 km and will be implemented under the Hybrid Annuity Model (HAM). The total capital cost for the corridor has been set at...