Markets

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...

Advit Jewels Stock Surges, Reaching New High After Exiting Trade-to-Trade Segment Advit Jewels witnessed a significant rally on Wednesday after the stock was moved out of the restricted trade-to-trade (T2T) segment. The company's shares saw strong trading activity as it transitioned to normal intraday market operations.The stock climbed dramatically, hitting an intra-day high of Rs 222 per share on the NSE. While some profit booking occurred at higher levels, resulting in the closing price settling at Rs 208.70, the day still saw a substantial gain of 6 percent for investors.Impact of T2T Segment Exit on Stock Liquidity The rally was catalyzed by an NSE circular announcing that the post-listing stock had been moved out of the T2T...

Jana Small Finance Bank Reports Quarter-End Results: Net Profit Rises as Key Ratios Stand Firm Jana Small Finance Bank Ltd has announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a net profit after tax of ₹ 155.23 crores and a net worth of ₹ 4,463.49 crores.The unaudited financial results indicate strong operational performance across various key metrics as of the end of Q1 FY27. Earnings per share stood at Basic ₹ 14.74 and Diluted ₹ 14.69. The bank maintained a Debt-Equity Ratio of 0.99, while its Operating Margin was recorded at 19.13% and Net Profit Margin at 8.91%.The bank's asset quality metrics showed stable performance. The Gross NPA ratio was 2.39%, and the Net NPA ratio stood at...

India's Chip Ambition Surges: How Semiconductor Mission 2.0 is Securing Global Trust and Unlocking $200 Billion Market by 2035 Semiconductors are the silent backbone of modern civilization, driving everything from UPI payments and autonomous vehicles to advanced medical technology and national digital infrastructure. As global demand accelerates due to the rise of AI, 5G, and IoT, India is strategically positioning itself not merely as a participant, but as a trusted global hub in electronics and semiconductor manufacturing.The nation's commitment extends far beyond basic chip fabrication. Through the robust Semicon India Programme 2.0, the Government is comprehensively strengthening the entire value chain—from design and advanced...

Varanasi Decongestion Plan Approved: Cabinet Greenlights Rs 10,998 Crore Elevated Corridor for Major Economic Boost in Uttar Pradesh Massive Infrastructure Push Transforms Varanasi Connectivity The Cabinet Committee on Economic Affairs has approved a pivotal infrastructure project aimed at significantly decongesting and modernizing the urban transport network of Varanasi. The approval concerns the development of a 43.218 km Link/Connector Corridor along the Varuna River for the residents and businesses of Uttar Pradesh. This strategic move, implemented by the National Highways Authority of India (NHAI), promises to reshape regional connectivity within Eastern Uttar Pradesh.The corridor project is designed as a predominantly elevated...

Railway Network Surges! Cabinet Approves Dual Multitracking Projects in Odisha-Jharkhand to Boost Economic Mobility The Indian Railways are set for a major capacity augmentation following the approval of two significant multi-tracking projects by the Cabinet Committee on Economic Affairs. These projects, covering four districts across Odisha and Jharkhand, aim to drastically improve operational efficiency and streamline logistics across the regions.The proposed initiatives carry a total estimated cost of Rs 3,907 crore (approximately). The completion timeline for these vital upgrades has been set up until 2030-31.Strategic Importance of Rail Capacity Expansion The approval marks a critical step toward realizing the Prime Minister's...

India's Electronics Explosion: How Made-in-India Mobiles Surged to Become Global Powerhouse & Fuel Massive Job Creation The transformation taking place within India's electronics manufacturing facilities has solidified the nation's status as a burgeoning global manufacturing powerhouse. Driven by strategic government support and domestic innovation, India is rapidly scaling up its technology ecosystem. Mobile phones, in particular, have become more than a product; they represent a massive economic engine powering exports and creating high-value employment opportunities across the country.Mobile Manufacturing Propels India to Global Leadership Status India has undergone a dramatic shift, moving from a net importer of mobile phones to...

Abril Paper Tech Ltd To Hold 3rd Annual General Meeting on August 11, 2026Abril Paper Tech Ltd has scheduled its 3rd Annual General Meeting (AGM). The meeting is set to take place on Tuesday, August 11, 2026. Members of the company are invited to attend via Video Conferencing (VC) or Other Audio Visual Means (OAVM), starting at 3:00 p.m. IST.The AGM pertains to the Annual Report for the financial year 2025-26. The necessary documentation, including the Notice convening the meeting, has been made available through electronic means and is also uploaded on the company website.This event marks a key operational update for the partnership firm that transitioned into Abril Paper Tech Ltd, providing members with details regarding the...

Trust Fintech Limited Announces Resignation of CFO Anand Shankar Kane Trust Fintech Limited has announced that Mr. Anand Shankar Kane, who currently holds the dual roles of Director and Chief Financial Officer (CFO), is relinquishing his post as CFO. The resignation is effective from the close of business hours on Wednesday, July 22, 2026.Mr. Kane tendered his resignation to enable him to focus fully on Business Development and Sales for the company. Following this transition, he will also cease to be Key Managerial Personnel (KMP) of Trust Fintech Limited as of the same date.The company confirmed that Mr. Anand Shankar Kane has stated there are no material reasons for his resignation other than enabling a greater concentration on...

ICRA Assigns Triple-A Ratings to Cube Highways Trust Bank Facilities and NCDs Cube Highways Trust has received favorable credit ratings from ICRA Limited for its various instruments, including long-term bank facilities and a tranche of non-convertible debentures (NCDs). These ratings have been assigned in affirmation of the trust's financial strength.ICRA’s Rating Committee provided comprehensive assessments across multiple debt categories. The Trust received a rating reaffirmation on all assessed instruments related to its banking partnerships and NCD issuances.Bank Facilities Ratings The creditworthiness of Cube Highways Trust’s bank facilities was rated by ICRA Limited with the highest assurance. The total amount covering...

Rail Network Set for Massive Leap: Cabinet Greenlights Multi-Tracking Projects in Odisha and Jharkhand Worth Rs 3,907 Crore The Indian Railways is set to significantly upgrade its network infrastructure with the approval of two major multi-tracking projects. The Cabinet Committee on Economic Affairs has sanctioned these crucial developments, injecting substantial capital into the infrastructure of Odisha and Jharkhand states. These projects are designed to streamline operations and substantially alleviate existing railway congestion across the targeted regions.Key Approved Projects and Financial Scale The total estimated cost allocated for the two pivotal projects stands at approximately Rs 3,907 crore. The approved schemes include...

Key Corporation Ltd appoints Yogesh Chadha and Devesh Srivastava as Additional Directors Key Corporation Ltd has appointed Mr. Yogesh Yashpaul Chadha and Mr. Devesh Srivastava as Additional Directors of the company. The appointments were approved by the Board of Directors during a meeting held on Wednesday, July 15, 2026. Both directors will serve a term of five consecutive years, commencing from July 15, 2026, and concluding on July 14, 2031. The appointments are subject to the approval of Members through Postal Ballot.The Board meeting, which commenced at 1:30 PM and concluded at 2:30 PM, made the decision following the recommendation of its Nomination & Remuneration Committee.Profiles of Newly Appointed Directors Mr. Yogesh...