Markets

Rupee Drops as West Asian Tensions Escalate; Brent Oil Surges amid Geopolitical Risks The Indian rupee declined by 16 paise on Wednesday, closing at 96.32 against the US dollar. This depreciation was primarily attributed to mounting geopolitical tensions in West Asia and a simultaneous surge in global crude oil prices.Despite the external pressures, domestic equity markets offered some buffer. Foreign exchange traders noted that positive sentiment within local stock exchanges and a weaker performance of the greenback prevented a steeper slide in the Indian currency unit during the trading session.Forex Market Trends and Geopolitical Risks The rupee opened at 96.12 at the interbank foreign exchange market, managing to trade within...

Sellwin Traders Shifts Registered Office Amid Temporary Trading Suspension Sellwin Traders Limited has confirmed its move of registered office following temporary difficulties concerning its previous premises, a development that directly relates to the ongoing suspension of trading in its equity shares on the BSE platform.The company reported that the non-accessibility of its earlier registered office, located at 126/B, Old China Bazar Street, Kolkata - 700001, was temporary and resulted from circumstances outside the company's control. To maintain business continuity and regulatory compliance, Sellwin Traders has shifted its Registered Office to 214, Jodhpur Gardens, P.S. Lake, Kolkata - 700045, West Bengal, India.The management...

Gold Holds Steady at ₹1.46 Lakh as Silver Plunges Amid Weak Domestic Demand Precious Metals Prices: A Closer Look at Gold and Silver Movement Gold prices remained largely stable in the domestic market on Wednesday, trading flat at ₹1,46,300 per 10 grams (inclusive of all taxes). The All India Sarafa Association reported that the price of 99.9 percent purity gold showed no change from Tuesday's closing rate.In contrast to gold's steady performance, silver experienced a decline in the domestic market. Silver slipped by ₹100 to settle at ₹2,26,000 per kilogram (inclusive of all taxes). This marks the third consecutive session where the metal has seen a decrease in price.Factors Driving Domestic Bullion Price Trends The movement...

India Pesticides Limited Receives EU Technical Equivalence Approval for Fungicide Product India Pesticides Limited (IPL) has achieved a significant milestone in its global expansion strategy after receiving Technical Equivalence (TEQ) approval in the European Union (EU) for one of its fungicide products. This achievement is expected to strengthen the company's export business and enhance access to the European market.The successful reception of this regulatory clearance is anticipated to contribute positively towards the company's export revenues and augment foreign exchange earnings for the country.Key details regarding the approved product, which caters to the international market, are detailed below:ParticularsDescription...

Global Tender Launched: MHI Aims to Secure Energy Future as Giants Bid for 10 GWh Advanced Chemistry Cell Manufacturing The Ministry of Heavy Industries (MHI) has initiated a major global tender, inviting bids from international and domestic players. The purpose is to select beneficiaries capable of establishing giga-scale Advanced Chemistry Cell (ACC) manufacturing facilities in India. This initiative targets the production of 10 GWh under the framework of the Production Linked Incentive (PLI) Scheme for ACC Battery Storage.This move signals a determined national push toward strengthening domestic capabilities in high-capacity battery technology. The specific capacity earmarked is dedicated to Grid Scale Stationary Storage (GSSS)...

HDB Financial Surges on Q1 Results as Net Profit Jumps 38% Amid Improving Asset Quality HDB Financial Services reported a robust quarter, noting a sharp rise in net profit for the period ending June 30, 2026. The NBFC saw its net profit grow by 38%, achieving ₹785 crore from the ₹568 crore recorded in the year-ago period.The results underscore the firm's successful navigation of lending cycles and improving credit quality. The company credits the growth primarily to healthy loan demand coupled with a more cautious approach taken across key asset segments.Core Financial Performance Drives Growth Net interest income (NII) rose by 20% in Q1FY27, reaching ₹2,509 crore from ₹2,092 crore reported in the prior year's corresponding quarter...

KEC International Limited Announces Superannuation of Executive Director - Business Operations KEC International Limited has announced that Mr. Anand Kulkarni, who holds the position of Executive Director - Business Operations, will be superannuating. This decision marks his cessation as a Senior Management Personnel of the company.The change takes effect from the close of business hours on July 15, 2026.The details regarding the personnel transition are outlined below:ParticularsDetailsReason for ChangeMr. Anand Kulkarni is superannuating and will cease to be Senior Management Personnel of the Company.Cessation DateClose of business hours on July 15, 2026KEC Stock Price Movement KEC International Limited rallied today...

Jana Small Finance Bank Reports Strong Q1 FY27 Results: PAT Reaches ₹155 Crore amid Asset Growth and GNPA Improvement Bengaluru, July 15, 2026: The Board of Directors of Jana Small Finance Bank Limited approved the audited financial results for the quarter ended June 30, 2026. The bank reported a Profit After Tax (PAT) of ₹155 crores for Q1 FY27.The results highlight robust growth across key metrics. Net Interest Income stood at ₹782 crore for Q1 FY27. Assets grew by 26% year-over-year (y-o-y), reaching a total Asset Gross Loan Portfolio (GLP) of ₹37,612 crores. Deposits also showed steady growth, totaling ₹35,756 crores, marking a 22% increase y-o-y.The bank's asset portfolio remains well-structured. Secured assets saw a 29% rise...

Unimech Aerospace Allots 45,114 Shares Under Employee Stock Option PlanUnimech Aerospace and Manufacturing Ltd has completed the allotment of equity shares under its Unimech Employees Stock Option Plan 2024 ('UNIMECH ESOP 2024'). The company's Board of Directors approved and allotted 45,114 fully paid-up equity shares, each valued at Rs. 5/- to eligible employees who exercised their options.The allotment resulted in a change in the company's paid-up share capital. Prior to this transaction, the paid-up share capital stood at Rs. 25,42,84,415/, comprising 5,08,56,883 equity shares with a face value of Rs. 5/- each.Following the allotment, the total paid-up share capital increased to Rs. 25,45,09,985/. The company now has a total of...

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...