Markets

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...

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...