Markets

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...

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...