Markets

Indoco Remedies Announces Board Meeting to Approve Q1 Financial Results and Updates Trading Window Closure Period Indoco Remedies Ltd has scheduled a Board of Directors meeting to consider and approve the Unaudited Standalone and Consolidated Financial Results for the Quarter Ended June 30, 2026. The company also provided an update regarding the closure of the trading window for its equity shares.The Board meeting is set to take place on Tuesday, July 28, 2026. During this session, the board will review and approve the financial results pertaining to the quarter ended June 30, 2026.In addition to the board agenda, Indoco Remedies confirmed the status of the trading window for its Designated Persons and their immediate relatives. The...

Jubilant Foodworks Grants Stock Options Under Two Employee Schemes The Nomination, Remuneration and Compensation Committee (NRC) of Jubilant Foodworks Limited (JFL) granted stock options to employees across two distinct schemes: the JFL Employees Stock Option Scheme 2011 (ESOP 2011) and the JFL Employees Stock Option Scheme 2025 (ESOP 2025), during a meeting held on July 15, 2026.The grant involved significant allocations of options for eligible employees under both schemes. The details of the grants, pricing formulas, vesting schedules, and exercise periods are summarized below:SchemeTotal Options GrantedDate of GrantJFL ESOP 20113,36,754July 15, 2026JFL ESOP 20254,21,710July 15, 2026Both schemes are structured in...

Oriental Hotels Limited Posts Quarterly Results: Standalone and Consolidated Figures Released for June 30, 2026 Oriental Hotels Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported key figures across both its standalone performance and consolidated results, which were reviewed by independent auditors and approved by the Board of Directors.The Company's standalone results indicated that Total Revenue stood at 11441 Lakhs, with a Profit/Loss before tax recorded at 1504 Lakhs. The results for the quarter showed an Earnings Per Share (Basic & Diluted) of 0.64 Lakhs.Standalone Financial Highlights The performance metrics for Oriental Hotels Limited in the quarter are detailed...

Glittek Granites Ltd Announces Cessation of Three Independent Directors Glittek Granites Ltd has confirmed the resignation of three independent directors, effective as of June 25, 2026. The resignations were taken on record by the Board of Directors at a meeting held on that date.The resigning directors include Mr. Siddhartha Agarwal, Mr. Manish Killa, and Mrs. Malvika Sureka. All changes relate to the cessation of their roles as Independent Director of the company.Details regarding the cessation of these independent directors are presented below:Director NameDINStatusEffective Date of CessationMr. Siddhartha Agarwal07987858Independent DirectorClose of business hours on June 25, 2026Mr. Manish Killa01099954Independent...

Advit Jewels Announces Resignation of Head of Human Resource Advit Jewels Ltd (formerly Advit Jewels Private Limited) has announced the resignation of Mr. Anshul Arora from his position as Head of Human Resource, a key Senior Management Personnel at the company. The management formally accepted the resignation on July 14, 2026, with the staff member's departure scheduled to be effective from August 17, 2026.Mr. Arora tendered his resignation due to personal circumstances related to his mother's health. He stated that given his mother's ongoing health issues, including Multiple Sclerosis, he needed to relocate to Delhi to provide necessary support and care during her treatment.The company noted that Mr. Arora will be relieved from...

Sensex Slumps Amid Profit Booking and Geopolitical Tensions; Nifty Struggles Near Crucial 24,200 Mark Equity Benchmarks Turn Red as Profiteering Reaches High Levels Indian equity markets saw a significant correction on July 15, with major benchmarks Sensex and Nifty turning negative after trading near their daily highs. This market movement was attributed primarily to profit booking at elevated levels, coupled with mounting geopolitical uncertainties.At the afternoon session of 1:10 pm, the Sensex stood at ₹77,089.67, managing a slight gain of only 34.73 points (0.05%). Conversely, the Nifty traded in red territory, closing at 24,048.05, registering a marginal decline of 4 points or 0.02%.The market composition showed a mix of...

RNFI Services Limited Equity Shares Admitted to Trading After Preferential Issue RNFI Services Limited has successfully received trading approval from the National Stock Exchange of India (NSE) for shares issued pursuant to the conversion of warrants allotted on a preferential basis. The company confirmed that 296,292 equity shares, each with a face value of Rs. 10/-, are now admitted to dealings on the exchange starting July 15, 2026.The trading approval was granted by the NSE, effective from July 15, 2026. The shares were allotted subsequent to warrants issued via a preferential allotment process targeted at a Non-Promoter Group Investor.The details regarding the newly listed securities are as follows:Security...

ALUWIND INFRA-TECH Notes Non-Applicability of Corporate Governance Provisions Due to SME Exchange Listing ALUWIND INFRA-TECH LIMITED, formerly known as Aluwind Architectural Limited, has stated that several specific Corporate Governance provisions do not apply to the company for the quarter ended June 30, 2026. The decision stems from its listing status on the SME Exchange.The non-applicability of these rules is a result of the company having listed its specified securities on the SME Exchange, making certain regulations inapplicable.Accordingly, numerous Corporate Governance provisions are not applicable to ALUWIND INFRA-TECH LIMITED for the period ending June 30, 2026. The provisions that do not apply include those detailed in...

Sportking India Ltd to Hold Board Meeting to Approve Q1 Unaudited Financial Results Sportking India Ltd has scheduled a meeting of its Board of Directors for Saturday, August 01, 2026. The primary purpose of the gathering is to review and approve the company's Unaudited Financial Results for the quarter ended June 30, 2026.The agenda for the board meeting includes considering and approving these financial results, as well as addressing any other business with the permission of the chair.In line with its Code of Conduct for Prevention of Insider Trading, Sportking India Ltd has also communicated the closure of the trading window regarding the listed securities of the company. This update was provided to the Stock Exchanges in a...

Gandhar Oil Refinery Approves Key Resolutions for Upcoming Shareholder Postal Ballot Gandhar Oil Refinery (India) Ltd has approved several resolutions via a Circular passed by its Board of Directors on July 15, 2026. These decisions relate to the upcoming postal ballot and include appointments of key service providers for the process.The Board meeting approved the draft Postal ballot notice and designated the eligibility cut-off date for shareholders. The appointed cutoff date for determining eligibility to vote electronically and receive the postal ballot notice is Friday, July 10, 2026.Key appointments made through this resolution include the engagement of MUFG Intime India Private Limited (formerly Link Intime India Private...

India-UK Trade Giants Surge: PM Modi Hails CETA as Major Milestone for Farmers and MSMEs The signing and coming into force of key bilateral agreements between India and the United Kingdom are being hailed by Prime Minister Narendra Modi as a significant milestone, promising to dramatically deepen economic linkages between the two nations. The Comprehensive Economic and Trade Agreement (CETA) alongside the new Social Security Agreement have been positioned as catalysts set to translate shared ambitions into tangible opportunities for Indian citizens and businesses across multiple vibrant sectors.Deepening Economic Linkages through CETA Prime Minister Modi emphasized that these two agreements will provide fresh momentum, directly...

RBI Holds Firm on Short-Term Rates as T-Bill Auction Closes with Key Yield Data Released The Reserve Bank of India (RBI) announced the results of its recent Treasury Bills (T-Bill) auction, providing key metrics on the short-term debt market. The auction concluded by setting specific cut-off prices and implicit yields across 91-day, 182-day, and 364-day tenors.The results highlight the demand profile for RBI's short-term instruments. All T-bill issuances saw full acceptance against the face value notified by the central bank. These figures provide crucial insights into near-term liquidity and interest rate expectations in the financial markets.T-Bill Auction Performance Overview The auction covered three distinct maturities: 91...

Manaksia Coated Metals Announces Q1 Results and Approves Key Leadership Appointments Manaksia Coated Metals & Industries Limited has announced key outcomes of its Board meeting held on July 14, 2026. The decisions included the approval of un-audited financial results for the first quarter ended June 30, 2026, along with several appointments and administrative approvals in preparation for the upcoming Annual General Meeting (AGM).Financial Performance Overview The company released its Unaudited Financial Results for Q1 ended June 30, 2026. These results were reviewed by S Bhalotia & Associates, Statutory Auditors of the Company.For the quarter ending June 30, 2026, the Standalone financial figures were as follows:Total Income...

Siyaram Recycling Industries Secures Rs 38,23,200 Order for Brass Scrap from Bhavya Impex Siyaram Recycling Industries Ltd has secured a contract worth Rs 38,23,200 for the supply of Brass Scrap. The order was placed by Bhavya Impex, and the transaction is defined as a fixed cost arrangement.The agreement details specify that the domestic company will complete the delivery within seven days.Key details regarding this business transaction are summarized below:ParameterDetailsOrder Awarding EntityBhavya ImpexProduct/Nature of TransactionBrass Scrap (Fixed cost)Total Contract ValueRs 38,23,200/-Origin of ClientDomestic entityExecution TimelineWithin 07 DaysThe transaction does not involve any related party...

Popees Baby Care India Ltd Receives Unmodified Opinion on Standalone Financial Statements for FY 2025-26Popees Baby Care India Limited has received an unmodified opinion from its statutory auditors regarding the standalone audited financial statements for the financial year ended March 31, 2026. The audit confirms that the company's financial statements present a true and fair view of the state of affairs, profit and loss, changes in equity, and cash flows in conformity with Indian Accounting Standards (Ind AS) and generally accepted accounting principles.The audit, conducted by C. V. Paturkar & Co., Chartered Accountants, affirmed that the company's standalone financial statements are presented in compliance with relevant...

Raymond Realty Lands Rs 8,500 Crore Project in Parel, Boosting Total GDV to Rs 52,000 Crore Raymond Realty Limited has signed a Joint Development Agreement (JDA) to undertake a prestigious residential project in Parel, Mumbai, marking the company's entry into South Mumbai. This landmark project carries an estimated Gross Development Value (GDV) of approximately Rs 8,500 crore, making it the largest development initiated by Raymond Realty outside its core Thane land parcel and reaffirming its strong strategic expansion across the city.The new venture is envisioned as a premium residential development, combining luxury and contemporary design to redefine modern urban living in the heart of Mumbai. This JDA represents the company's...

Goa Carbon Limited Withdraws Writ Petition After Tax Authority Issues Rectification Order Goa Carbon Limited has withdrawn a Writ Petition after the Deputy Commissioner of Income Tax, Circle-1(1), Panaji, issued a rectification order regarding the company's tax dispute. The resolution allows the company to claim a refund amounting to Rs. 61,60,980/-.The company had initiated legal action concerning an Order dated 18.07.2011, which was challenged after it failed to give due effect to binding directions set forth in the order dated 18.03.2011 by the Income Tax Appellate Tribunal, Panaji Bench. The original rectification application under Section 154 of the Income-tax Act, 1961, had been filed by Goa Carbon Limited on 29.05.2012.The...

Union Bank Posts Strong Q1FY27 Results, Highlights Business Growth and NPA Reduction The Board of Directors of Union Bank of India approved the bank's financial accounts for the quarter ended June 30, 2026. The results reflect robust performance across key operational metrics, with the bank reporting a net profit of Rs. 5,332 Crores and significant growth in its business portfolio.Financial Performance HighlightsThe bank saw a positive trend in its income segments during Q1FY27. Interest income stood at Rs. 27,203 Crores, while the bank reported a Net Profit of Rs. 5,332 Crores. The institution's returns metrics remained strong, with Return on Assets (RoA) standing at 1.36% and Return on Equity (RoE) reaching 17.23%.Business and...

SEBI Signals Massive Margin Overhaul: Traders Get Relief for Long-Term Hedging as Expiry Speculation Faces Higher Costs Market regulator Securities and Exchange Board of India (SEBI) is initiating a comprehensive review of the equity derivatives margin framework. The move aims to streamline capital requirements, making them more efficient for risk-defined strategies while simultaneously erecting stronger safeguards against excessive speculation concentrated around contract expiries. These considerations are at a preliminary stage, signaling a major structural shift in how derivative positions will be managed and priced.Boosting Long-Term Hedging with Extended Derivatives A key proposal from SEBI aims to significantly incentivize...

Electric Vehicle Ownership Demands Specialized Coverage: Must Know These Critical Insurance Distinctions The rapid adoption of electric vehicles marks a major shift in modern transportation. While many car buyers focus on operational costs, purchase price, and charging infrastructure, insurance presents another specialized aspect that requires deep scrutiny. For those transitioning to zero-emission transport, understanding the distinct differences between EV insurance and traditional automobile policies is not merely advisable; it is essential for sound ownership planning.Why Electric Vehicle Insurance Costs Differently At first glance, EVs might appear similar to conventional cars. However, they possess fundamentally different and...