Markets

L&T Technology Shares Surge 6% on Q1 Results; Nomura Boosts Target Despite 'Neutral' Rating Shares of L&T Technology Services (LTTS) witnessed a strong rally on Wednesday, jumping 6.13% to reach Rs 3,495. The positive movement came as the company released its first-quarter FY27 results. Separately, Nomura maintained its Neutral rating but increased its target price for the stock to Rs 3,180 from the previous Rs 3,150.Q1 Financial Performance Analysis LTTS posted a decent performance in its first quarter of FY27. The company generated revenue of $309.9 million, reflecting a 1.5% increase quarter-on-quarter (q-q) and a 1.9% growth year-on-year (y-y) in constant currency terms.The profitability metrics showed solid operational...

Granules India Achieves Major ESG Milestones with A List Rating from CDP and Gold Rating from EcoVadis Granules India Ltd. has demonstrated a strong commitment to sustainable practices through its Business Responsibility and Sustainability Report for Fiscal Year 2025-26. The company showcased significant advancements in environmental stewardship, social responsibility, and governance, affirming its purpose of 'Healing lives responsibly through pioneering green science.'The ESG performance across the value chain was validated by multiple international assessments, underlining Granules' integrated approach to sustainability. Key recognition included achieving the CDP Climate Change A List in 2025, marking a transition from C to B and...

Iware Supplychain Services Announces Dates for Ninth AGM; Confirms Director Re-appointment and E-voting Partner Iware Supplychain Services Limited, formerly known as IWareSupplychainServicesPrivateLimited, confirmed key dates, appointed specialized agencies, and approved the re-appointment of a director at its Board meeting held on July 15, 2026. The company is preparing for its Ninth Annual General Meeting (AGM) for the Financial Year 2025-26.The Board meeting determined the timeline for the AGM, scheduled for Friday, August 7, 2026, at 12:00 p.m. (IST). The company will conduct the meeting through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).Key operational and shareholder dates approved by the Board include...

Highway Infrastructure Limited Passes Key Resolutions via E-Voting Highway Infrastructure Limited successfully passed three resolutions put before its members during a Postal Ballot conducted through remote e-voting. The company announced the outcomes, along with the Scrutinizer's Report, confirming that the resolutions were duly approved by members with requisite majority following the voting period which concluded on July 13, 2026.The e-voting process commenced on June 14, 2026, and concluded on July 13, 2026. The Postal Ballot sought approval for three key items: the insertion of a specific article into the Articles of Association, and the re-appointment of two senior executives.The resolutions that were passed included:A...

Goldiam International Ltd Secures Rs 60 Crore Order for Manufacturing and Export of Lab-Grown Diamond Jewellery Goldiam International Ltd has announced that it has received substantial purchase orders totaling Rs 60 crores for the manufacturing and export of lab-grown diamond jewellery. The contracts, which are denominated in international sales, involve exporting specialized items to clients based in the USA.The orders represent a strong near-term business momentum for Goldiam International Ltd. These assignments are focused on high-quality products, specifically export orders for the manufacture and export of lab-grown diamond studded gold jewellery destined for international markets.The details concerning these significant export...

Magson Retail And Distribution Limited Approves Equity Share Allotment Following Warrant Conversion; Updates Capital Structure Magson Retail and Distribution Limited announced the approval of a significant equity share allotment, resulting from the conversion of Convertible Equity Warrants. The Board meeting held on July 15, 2026, also confirmed the reclassification of a shareholder from the Promoter Group category to Public status.The company's Board approved the allotment of 4,28,950 Fully Paid-Up Equity Shares, which were issued against the conversion of Convertible Equity Warrants. This action is part of the ongoing utilization of the initial allocation of one crore six lakh warrants. The issuance carries a face value of ₹10/- per...

Service Care Limited Board Approves Strategic Investment in Intellectual Property Assets Service Care Limited has approved a strategic move concerning the acquisition and investment in intellectual property assets, aligning with its business objectives and growth strategy.The company's Board of Directors sanctioned the strategic investment or acquisition of various intellectual property assets during a meeting held on July 15, 2026. These assets include software applications, digital assets, and other allied intellectual property rights.The approval ensures that Service Care Limited can expand its operational scope through technology and IP advancement, supporting its overall growth trajectory. The Board Meeting commenced at 11:00...

Asian Granito India Ltd Approves Loan Conversion of Subsidiary Debt into Equity Shares Asian Granito India Ltd has announced significant corporate restructuring relating to its subsidiary, Harmony Surfaces Marbles TR. LLC S.P, Sharjah, UAE ('HSM Sharjah'). The company approved the conversion of outstanding loans and reimbursements owed by HSM Sharjah into equity shares in the subsidiary, concurrent with a planned fresh issue of equity by HSM, which will change the nature of the relationship from Wholly Owned Subsidiary to a majority-controlled Subsidiary.The Board of Directors considered and approved the transaction involving the conversion of financial obligations of HSM Sharjah into company equity. Under this arrangement, Asian...

Patanjali Foods Limited Confirms Ordinary Course of Business Amid Share Price Movement Patanjali Foods Limited has stated that it continues to pursue its business objectives and maintain ordinary course operations, confirming that there are no material events or circumstances requiring disclosure regarding the significant movement in the price of the company's equity shares.The management of Patanjali Foods Limited confirmed that, to the best of their knowledge, all necessary disclosures concerning material events and information have been duly disseminated. The company affirmed that it remains focused on its growth path and is carrying out its business operations as normal while pursuing its objectives.PATANJALI Stock Price...

Steel Strips Wheels Limited Reports Q1 Results for Quarter Ended June 30, 2026 Steel Strips Wheels Limited has reported its unaudited financial results for the quarter ended June 30, 2026. The results encompass both standalone performance and consolidated figures for the Group.The company's operational income stood at ₹1,50,98r.83 in the most recent quarter, showing a comparison across subsequent quarters. The financial statements detail revenue from operations, expenses, and profitability before and after tax for the reporting period.Key financial parameters extracted from the unaudited standalone results of Steel Strips Wheels Limited are presented below:MetricQuarter Ended June 30, 2026Quarter BeforeThird Quarter DataAll...

Caliber Mining IPO Opens: Unlocking 19% Listing Gains Amid High Demand in Coal Logistics Sector Caliber Mining and Logistics Ltd, a prominent Maharashtra-based coal mining and logistics entity, is gearing up for its Initial Public Offering. The company is set to launch an offering worth Rs 450 crore starting July 17. This IPO aims to tap into the growing infrastructure demands of the Indian resource sector.The public issue has been issued within a defined price band of Rs 402-424 per share. Interested investors have until July 21 to submit their bids. The anchor investor book is scheduled to open on July 16, while the stock exchange debut for Caliber Mining is set for July 24.Key Details and IPO Structure The Rs 450 crore public...

Steel Strips Wheels Limited Announces Quarterly Financial Results for Q ended June 30, 2026 Steel Strips Wheels Limited released its unaudited financial results for the quarter ended June 30, 2026. The results reflect the performance of both the Holding Company and its Group structure.The company reported a total income of 514,596.67 for the fiscal year under review. Key profitability metrics show that the consolidated entity achieved a profit after tax (PAT) of 19,097.53, resulting in basic earnings per equity share (EPS) of 12.11 and diluted EPS of 12.07.The financial results detail operational performance across the four quarters, including revenue streams, costs incurred, and expenses. The company's management confirmed that...

Steel Strips Wheels Ltd Releases Qended June 30, 2026 Financial Results: Standalone and Consolidated Earnings Reported Steel Strips Wheels Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results, which detail both the standalone performance and the consolidated standing across the group.The results provide insight into the operational efficiency and profitability of the company during the quarter.Standalone Financial Performance For the quarter ended June 30, 2026, Steel Strips Wheels Ltd reported key figures in its standalone statement. The company's total income for the period was 1,51,274.11, derived from revenue of...

Munjal Showa Ltd Receives Ministry Approval for Appointment of Mr. Hitoshi Fukagawa as Managing Director Munjal Showa Ltd has received approval from the Ministry of Corporate Affairs (MCA) regarding the appointment of Mr. Hitoshi Fukagawa as a senior executive within the company.The MCA, via correspondence dated July 14, 2026, granted approval for the appointment of Mr. Hitoshi Fukagawa (DIN: 10611378). He has been appointed as Managing Director, designated as Joint Managing Director, for a period of five years. The appointment is effective from May 29, 2024, and will conclude on May 28, 2029.The approval follows the resolution of procedural matters related to the initial application for his appointment. The Registrar of Companies...

Chilean Tax Authority Upholds Position in Dispute Regarding Tega Industries Chile Loss Carry ForwardTega Industries Ltd has reported that its subsidiary, Tega Industries Chile SpA (Tega Chile), received a ruling from the First Tax and Customs Tribunal in Santiago Metropolitan Region, Chile. The Tribunal dismissed Tega Chile's appeal concerning an accumulated tax loss carry forward, upholding the position taken by the Chilean Department of Revenue.The dispute related to a claim filed by Tega Chile for the Tax Year 2020. The Servicio de Impuestos Internos (SII) initially disallowed a portion of the tax loss carry forward on the grounds that insufficient supporting documentation had been provided. Although Tega Chile's Voluntary...

Fedbank Financial Services Limited Reports 13.8% PAT Growth in Q1 FY27, Pushing Profit After Tax to ₹114.4 Cr Mumbai: Fedbank Financial Services Limited (Fedfina), a retail focused NBFC specializing in Loan Against Property and Gold Loans, announced strong financial results for the First Quarter (Q1 FY27) ended June 30, 2026. The company reported a 13.8% year-on-year growth in Profit After Tax (PAT), reaching ₹114.4 Cr.The comprehensive results show significant growth across lending activities and asset management, with Net Interest Income increasing by 38.7% year-on-year to ₹371.9 Cr. Operating Profit grew by 49.9% year-on-year, reaching ₹187.5 Cr.Financial Performance Overview (₹ Cr) The financial health of Fedfina saw steady...

Interactive Financial Services Ltd Board Approves Article Changes and Schedules First Extraordinary General MeetingInteractive Financial Services Limited announced key resolutions passed by its Board of Directors during a meeting held on Wednesday, July 15, 2026. The Board reviewed and approved several strategic items, including the alteration of the company's Articles of Association.The Board meeting commenced at 11:30 A.M. and concluded at 12:00 P.M. During this session, among other business agendas, the directors considered and approved the changes to the Articles of Association. The board also adopted the revised Notice for the First Extra Ordinary General Meeting (EOGM) pertaining to the financial year 2026-2027.A major...

Fedbank Financial Services Releases Quarterly Results; Net Profit Jumps To 11,438 Lakhs For Q Ended June 30, 2026 Fedbank Financial Services Limited announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a net profit of 11,438 lakh in the quarter, while the full year saw total revenue from operations reach 2,22,360 lakh.The Board of Directors approved the results at its meeting held on July 15, 2026. These results were reviewed and certified by M/s KKC & Associates LLP, the Statutory Auditors of the Company.Key Financial Highlights (Quarter Ended June 30, 2026) The company maintained strong operational margins during the quarter. Key financial indicators stand as follows:MetricValue...

Tata Group to Surge into Shipbuilding as Kerala Promises Land for ₹100 Billion Investment The Tata Group is poised to make a significant foray into the shipbuilding sector with a proposed investment of 100 billion rupees ($1 billion) in Kerala, according to state chief minister V.D. Satheesan. The government has indicated favorable consideration of the proposal and is expected to approve the move within a month.V.D. Satheesan confirmed that Tata is prepared to invest heavily in maritime manufacturing. He stated that the state will provide the necessary land parcels to the conglomerate to facilitate this expansion. This investment would introduce a new business vertical for the $180-billion company, which currently operates across...

Siyaram Recycling Industries Secures Rs 97,94,000 Order from Metal Scrap India for Brass Scrap Siyaram Recycling Industries Ltd has secured a significant contract worth Rs 97,94,000 with Metal Scrap India. The order pertains to the procurement of Brass Scrap and represents a domestic transaction for the recycling company.The terms of the contract indicate that the order is fixed cost in nature and must be executed within five days. The transaction details confirm that there is no interest involved from any promoter or promoter group companies in Metal Scrap India, nor does the deal fall under related party transactions.Key aspects of the secured order are summarized below:DetailInformationAwarding EntityMetal Scrap India...