Markets

Nippon India Launches Hybrid Fund of Funds to Generate Income, Balancing Debt Stability with Arbitrage Opportunities Nippon India Mutual Fund (NIMF) has introduced a new hybrid product designed for income generation: the Nippon India Income Plus Arbitrage Omni Fund of Fund. This open-ended scheme is structured as a cutting-edge fund of funds (FoF), aiming to harness the stability of debt markets while capturing arbitrage opportunities in the market. The launch positions NIMF at the forefront of offering sophisticated, diversified income strategies to retail and institutional investors.Defining the Investment Objective and Allocation Strategy The primary objective of this scheme is to generate regular income by investing strategically...

Ampl Capital Limited: Acquirers Update Open Offer Details with Revised Shareholding Percentages AMPL Capital Limited (formerly known as Credent Global Finance Limited) has released a corrigendum detailing modifications to its ongoing Open Offer, which was initially announced on June 30, 2026, and subsequently updated in July. The Corrigendum updates the shareholding details of Acquirer-1, Acquirer-2, and the Person Acting in Concert (PAC).The public shareholders are advised of significant changes regarding the acquisition process initiated by DP Global Wealth Management LLP (Acquirer-1), Mr. Vikas Kataria (Acquirer-2), and Ms. Supriya Kataria (Person Acting in Concert, PAC).Key details of the Acquirers and their proposed...

DMart Launches Aggressive Pharmacy Push: 20% Medicine Discount Tests Grocery Giant's Expansion Limits DMart, the supermarket behemoth led by Radhakishan Damani, is quietly launching a high-stakes foray into healthcare retail. The company has introduced pharmacy counters within select stores in the Mumbai Metropolitan Region (MMR), signaling its attempt to replicate its successful everyday-low-pricing model across the pharmaceutical sector.This strategic pivot aims to diversify DMart's business footprint beyond groceries and general merchandise. The initiative is managed by Reflect Healthcare and Retail Private Limited (RHRPL), a wholly owned subsidiary of Avenue Supermarts, with veteran Hitesh Shah spearheading the venture.Adopting...

ESG Rating for Tata Motors Passenger Vehicles Limited Revised Down Based on Ongoing LitigationsTata Motors Passenger Vehicles Limited has seen its overall Environmental, Social and Governance (ESG) rating adjusted by ESG Risk Assessments & Insights Limited ('ESG Risk.ai'). The rating agency assigned the company an overall ESG Rating of 59.04, placing it in the 'Adequate' category, based on disclosures for the fiscal year 2025-26.The assessment reveals a marginal downward revision from the previous rating of 59.66, which was assigned based on the disclosures provided during FY 2024-25.ESG Risk.ai attributed this decline primarily to ongoing litigations and cyber incidents that occurred at an overseas Subsidiary of Tata Motors...

GTN Textiles Ltd Board Meeting Scheduled to Approve Un-Audited Financial Results GTN Textiles Ltd has announced that a meeting of its Board of Directors will be held on Monday, August 10, 2026. The primary purpose of this board meeting is to consider and approve the Statement of Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.The results pertain to the operational performance during the quarter that concluded on June 30, 2026.In relation to these financial outcomes, GTN Textiles Ltd has implemented trading restrictions. The trading window for all Designated Persons and their Immediate Relatives in the company's securities was closed starting July 01, 2026. This restriction will remain...

Magnus Steel and Infra Approves Rights Issue for Up To Rs 40 Crores Magnus Steel and Infra Ltd, formerly known as Magnus Retail Limited, has announced that its Board of Directors approved the issuance and allotment of equity shares through a rights issue to raise funds. The decision was made following the company’s board meeting held on July 15, 2026.The approval grants the company the authority to raise up to Rs 40 crore (Rupees Forty Crores only) by issuing equity shares to eligible equity shareholders. These Equity Shares have a face value of Rs 10.00/- each and will be offered on a rights issue basis. The offering is subject to receiving all applicable statutory and regulatory approvals, and terms and conditions are yet to be...

Sambhv Steel Tubes Limited Approves Issuance of Convertible Warrants Worth Up To ₹ 999 Million Sambhv Steel Tubes Limited, formerly known as Sambhv Steel Tubes Ltd & Sambhv Sponge Power, announced that its Board of Directors approved plans to raise funds through the offer and allotment of up to 8,695,400 Fully Convertible Equity Warrants. This decision was taken at a board meeting held on July 15, 2026.The preferential issuance involves warrants with a face value of ₹ 10 each, offered at an issue price of ₹ 115 per Warrant. The transaction is aimed at aggregating up to ₹ 999,971,000 from the proposed allottees. The Warrants will be allotted within one or more tranches and are convertible into equity shares of the Company.The...

Baba Arts Ltd Announces Board Meeting to Approve Quarter Ended June 30, 2026 ResultsBaba Arts Ltd announced that its Board of Directors meeting is scheduled for Tuesday, July 28, 2026, at 3.30 p.m. The meeting will be held at the company's Registered Office in Andheri (East), Mumbai.The primary agenda item for the board meeting includes considering and approving the Unaudited Financial Results of the Company for the quarter that ended on June 30, 2026.In addition to the board meeting announcement, the company provided an update regarding its trading policy. The Trading Window for dealing in Equity Shares of Baba Arts Ltd has been closed since Wednesday, July 1, 2026. This restricted period will remain in effect until Thursday...

One Point One Solutions Ltd Approves Grant of 1,99,645 Employee Stock Options One Point One Solutions Ltd has granted 1,99,645 employee stock options (ESOP) to its eligible employees. The approval was given by the Nomination and Remuneration Committee at its meeting held on July 15, 2026.The grant of ESOPs falls under the existing One Point One Employee Stock Option Plan 2022. This plan had previously been approved by shareholders via a Postal Ballot on July 13, 2022.Details of the ESOP Grant The options granted cover a total of 199,645 Equity Shares, with each stock option convertible into one equity share of the company, which has a face value of Rs. 2/- per share.A key term of the grant is the exercise price, which was...

Offshore Funds Forced to Amend Appeal as SEBI Challenges Scope of Challenge in Adani-linked SAT Dispute The Securities Appellate Tribunal (SAT) has ordered the offshore funds involved in a high-stakes regulatory dispute to amend their appeals. This directive follows a procedural objection raised by the market regulator, the Securities and Exchange Board of India (SEBI), regarding the scope of the challenge being mounted by the appellants.The hearing was adjourned until August 3rd. The offshore entities, which include LTS Investment Fund Ltd, Cresta Fund Ltd, Asia Investment Corporation Mauritius Ltd, APMS Investment Fund Ltd, and Albula Investment Fund Ltd, must now address the substantive nature of the opinion furnished by SEBI...

Goa Carbon Ltd.'s Q1 FY2026-27 Results Show Net Loss, Reflecting Operational Downtime Goa Carbon Limited released its Unaudited Financial Results for the quarterly period ending June 30, 2026. The results, which were reviewed and approved by the Board of Directors on July 15, 2026, show a net loss, despite other comprehensive income.The company reported Total Income of 7,004.84 units for the quarter. However, total expenses stood at 7,663.20 units, resulting in a (Loss) / Profit before tax of (658.36) units for the three-month period ended June 30, 2026.Total net loss after tax for the quarter was reported as (658.36), while total comprehensive (Loss) / Profit stood at (547.02).The unaudited results reflect various financial...

Castrol India Ltd to Hold Board Meeting to Discuss Half-Year Results and Potential Dividend Castrol India Limited announced that its Board of Directors will convene on Tuesday, 4 August 2026. The meeting is scheduled to consider and approve key business items related to the company's performance and dividend policy.The agenda for the board meeting includes reviewing the unaudited financial results of the Company for the quarter and half year ending 30 June 2026. Additionally, the board will address the declaration of an interim dividend for Fiscal Year 2026, if any.In relation to these financial disclosures, Castrol India Limited provided details regarding the trading window. The company confirmed that the trading window pertaining...

Patspin India Ltd Announces Board Meeting for Un-Audited Financial Results; Trading Window Closed Patspin India Ltd has scheduled a board meeting to consider the Statement of Un-Audited Financial Results (Standalone) for the quarter ending June 30, 2026. The meeting is set for Monday, August 10, 2026.The Board of Directors will meet on this date to review and approve the financial performance for the quarter ended June 30, 2026.In adherence to company protocols regarding insider trading, the trading window for all Designated Persons and their Immediate Relatives has been closed effective July 01, 2026. This restricted period will remain active until 48 hours following the declaration of the Un-Audited Financial Results for the...

Ministry of Steel Orders Appointment of OMC Chief General Manager as Director at NMDC LimitedNMDC Limited has received an order from the Ministry of Steel, Government of India, regarding the appointment of Shri Vivek Nishant Nath to its Board. The appointment names him as a Director (Commercial) for NMDC Limited.The order, dated 14.07.2026, concerns the nomination of Shri Vivek Nishant Nath. Mr. Nath currently serves as Chief General Manager at Odisha Mining Corporation Limited (OMC Ltd.).As per the communication from the Ministry of Steel, Shri Nath will assume the position of Director (Commercial) on the Board of NMDC Limited. The appointment is designated for a period of five years from the date he assumes charge or until...

Bliss GVS Pharma Limited Designates Key Managerial Personnel for Material Event Reporting Bliss GVS Pharma Limited has designated specific Key Managerial Personnel (KMPs) responsible for determining the materiality of events and information, as well as for making disclosures regarding material events to stock exchanges.The company authorized several senior executives to determine the significance of any event or piece of information related to the company. The individuals appointed include Narsimha Shibroor Kamath, Managing Director; Rahul Adakmol, Chief Executive Officer; and Deepak Sawant, Chief Financial Officer. These KMPs are responsible for determining the materiality of events or information impacting Bliss GVS Pharma Limited...

GRP Limited Announces 52nd Annual General Meeting Details and Key Record Dates GRP Limited has released essential operational dates concerning its upcoming 52nd Annual General Meeting, alongside setting critical timelines for book closure and electronic voting periods.The company announced that its 52nd Annual General Meeting is scheduled to take place on Thursday, July 23, 2026. The period designated for book closure related to this AGM spans from Friday, July 17, 2026, through the meeting date of July 23, 2026.For investors and shareholders, GRP Limited has also specified the deadlines pertaining to dividend-related matters and e-voting procedures. The E-Voting cut-off date, which serves as the Record Date for Dividend purposes...

ICICI Prudential Life Insurance Announces Board Meeting and Updates Trading Window Status ICICI Prudential Life Insurance Company Ltd has announced a meeting of its Board of Directors scheduled for August 4, 2026. The meeting is slated to consider two key matters: the unaudited financial results for the quarter and half year ending June 30, 2026, and the declaration of an interim dividend for FY 2026.The company confirmed that the Board meeting will take place on Tuesday, August 4, 2026, during which management will review the performance metrics corresponding to the financial period ended June 30, 2026. The agenda also includes determining and approving any interim dividend for the current fiscal year.In addition to the board...

SWSAPL Initiates Arbitration Against Shell over Gangarri Solar Farm Contracts Sterling and Wilson Solar Australia Pty Ltd (SWSAPL), a subsidiary of Sterling and Wilson Renewable Energy Limited, has commenced arbitration proceedings against Shell New Energies Australia Pty Ltd (Shell). The action was initiated on July 14, 2026, under the London Court of International Arbitration Rules 2020.The dispute involves claims arising from two contracts related to the Gangarri Solar Farm in Queensland, Australia. These contracts relate to both the Engineering, Procurement and Construction (EPC) phase and the Operations and Maintenance of the facility. In both agreements, Shell is identified as the principal party while SWSAPL acts as the...

ICRA Reaffirms Ratings for Sakthi Finance Ltd; Focus Remains on Retail Franchise and Capital Strength Sakthi Finance Ltd (SFL) has seen its credit ratings reaffirmed by ICRA Limited regarding its debt instruments, including Non-Convertible Debentures (NCDs), Fixed Deposits, and Banking Facilities. The ratings intimation was received on July 14, 2026.The reaffirmation reflects SFL's established presence in the retail financing sector and its strong franchise, which has evolved over seven decades of operations. ICRA has maintained a Stable outlook for the company, based on modest near-term growth expectations.Key Credit Ratings Overview ICRA confirmed the ratings across various instruments. For Non-Convertible Debentures (NCDs), both...

Apollo Micro Systems Secures Significant Orders from Defence and Government Bodies Apollo Micro Systems Ltd has secured substantial business orders across various sectors, including the defence establishment, state governments, and private industries. The company has been awarded contracts totaling INR 1343.45 Millions from DRDO, Indian Navy, Defence PSUs, State Governments, and Private Industries as part of its regular operations.The contract wins underscore the company's growing presence in critical industrial markets. Apollo Micro Systems Ltd continued its order accumulation through its subsidiary, IDL Explosives Limited. The step-down subsidiary was awarded a separate contract worth INR 552.20 Million. This work is scheduled to be...