Markets

DCX Systems Makes Further Investment in ELTX Systems Through Rights IssueDCX Systems Ltd has increased its stake in ELTX Systems Private Limited by acquiring equity shares through a rights issue. The investment targets strategic growth and operational requirements within the Defence and Aerospace Industry.The company acquired 234,229 equity shares of ELTX at a total cost of ₹84,32,24,400/-, which is equivalent to ₹10/- per share, after factoring in the premium of ₹ 3,590/- per share. The transaction was completed as Cash Consideration and the shares were allotted to DCX on July 14, 2026.ELTX Systems Private Limited operates as an Associate and Joint Venture with ELTA Systems Limited, Israel. The investment by DCX Systems is...

Kusumgar Shares Surge to Near Upper Circuit on Listing Day, Reaching 50%+ Gain Amid Defence Sector Demand Kusumgar shares witnessed a spectacular performance on Wednesday, extending their listing gains and climbing as high as 44 percent in intraday trading amid significant investor interest. The engineered fabrics manufacturer saw its stock rise dramatically across exchanges, highlighting strong market sentiment towards the defence sector.Record Trading Performance Across Exchanges The company debuted at a premium of nearly 37 percent over its issue price of Rs 419. On the BSE, Kusumgar traded at Rs 574, marking a gain of 36.99 percent from the issue price. The stock subsequently climbed to Rs 631.35, achieving a gain exceeding 50...

Crisil ESG Ratings Assign 'Crisil ESG 66' and Core ESG '69' to IIFL Finance Ltd IIFL Finance Limited has received voluntary ESG ratings from Crisil ESG Ratings & Analytics Limited based on its disclosures for fiscal 2026.The rating assessment, conducted by Crisil ESG Ratings, provided two specific ratings categories: the overall ESG rating and the Core ESG rating. The assignment was made utilizing data disclosed by IIFL Finance Ltd. and other publicly available information.The details of the ESG ratings assigned to IIFL Finance are presented below:Rating TypeAssigned RatingCrisil ESG RatingCrisil ESG 66Crisil Core ESG RatingCrisil Core ESG 69The assignment of these ratings was a voluntary process conducted by Crisil...

Best Eastern Hotels Clarifies Share Price Movement Attributes to Market Conditions Best Eastern Hotels Ltd has stated that the recent movement in its shares is purely market driven and attributable solely to prevailing market conditions. The company clarified that it possesses no specific information or announcement that could influence the price or volume behavior of its stock.The statement addressed observations regarding significant movements in the Company's share price, clarifying that the volatility is entirely linked to external market dynamics rather than any internal corporate development.Best Eastern Hotels Ltd maintained that the stock movement is a direct result of market conditions, confirming that it has no specific...

Glittek Granites Ltd completes share transmission of 500 shares to Mr. Ashish Killa Glittek Granites Ltd has completed the transmission of a set of shares following a change in ownership status. The company announced that the transmission process involved 500 shares previously held under the name of late shareholder Asha Devi Killa.The shares, corresponding to certificate numbers 2258 through 2562, have been successfully transmitted and transferred to Mr. Ashish Killa. This transaction updates the records concerning the holdings associated with the company's ISIN INE-741801027.Stock Price Movement As of 10:14, shares of Glittek Granites Ltd are ticking up slightly, trading at ₹50.92 after a 1.98% gain. The stock is currently locked...

Hindusthan Insulators & Industries Ltd Schedules Board Meeting to Approve Q1 ResultsHindusthan Insulators & Industries Limited, formerly known as Hindusthan Urban Infrastructure Limited, has scheduled its Board of Directors meeting to review and approve the Unaudited Financial Results for the quarter ended June 30, 2026.The company's board meeting is set for Tuesday, July 21, 2026, where the financial results from the specified quarter are scheduled to be considered and approved.In addition to the corporate governance update, the company has announced a closure of the trading window pertaining to its securities for designated persons and their immediate relatives. This restriction is in effect from July 01, 2026, through July 23...

Emami Ltd. Announces Board Meeting to Approve Q1 Financial Results; Trading Window Remains Closed Until August 6 Emami Ltd. has scheduled a Board of Directors meeting to review and approve the company's financial performance for the first quarter of the fiscal year. The board meeting is set for Tuesday, August 4, 2026.The primary agenda item for the meeting is the consideration and approval of the Unaudited standalone and consolidated financial results of Emami Ltd. These results pertain to the quarter ended June 30, 2026.In addition to the board announcement, the company has maintained communication regarding its trading window status. The period during which dealing in the equity shares was closed commenced on Wednesday, July 1...

GIFT City poised to corner over 90% of India's offshore borrowing as economy scales up The International Financial Services Centres Authority (IFSCA) has underscored the transformative role of GIFT City, projecting that the Gujarat-based financial hub could eventually absorb over 90 percent of India’s offshore borrowings. Currently, the share held by GIFT IFSC stands at nearly two-thirds.K Rajaraman, chairperson of IFSCA, stated that the continued growth and scale-up expected across infrastructure, manufacturing, and technology sectors within India provide substantial headroom for the financial hub. GIFT entities benefit from a combination of competitive financing costs, lower operational expenses, and a robust regulatory ecosystem...

MMT Set to Surge: MakeMyTrip Plans Mega $1Bn+ IPO Filing via Confidential Route Nasdaq listed travel tech giant, MakeMyTrip, is reportedly finalizing preparations to file for a substantial initial public offering (IPO) of its India subsidiary. Industry sources confirm that the company is poised to submit draft papers to market regulator SEBI for the listing soon, potentially within a week. This move aims to position MMT among the major internet listings in recent Indian history.The proposed issue structure is expected to include an offer for sale (OFS), though details on the final structure are still being determined. Key investment banks, including Kotak Mahindra Capital, Axis Capital, JP Morgan, and Morgan Stanley, are acting as...

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...