Markets

Bharti Hexacom Announces Recommended Dividend and Sets AGM Date for FY 2025-26Bharti Hexacom Limited has announced key dates regarding its final dividend payment for the financial year 2025-26, setting a Record Date and scheduling an Annual General Meeting (AGM) to seek shareholder approval. The company indicated that the Board of Directors had recommended a final dividend of Rs. 18/- per equity share.The company has set Friday, July 31, 2026, as the Record Date for determining which members are eligible for the payment of the final dividend on its fully paid-up equity shares. The Annual General Meeting (AGM) is scheduled for Tuesday, August 11, 2026, at 11:30 AM (IST).The recommended dividend of Rs. 18 per share is subject to the...

Achyut Healthcare to Merge with Zenith Healthcare in Scheme of Amalgamation Achyut Healthcare Limited has approved a Scheme of Amalgamation involving its transfer into Zenith Healthcare Limited. The board of directors of Achyut Healthcare made the approval decision on July 14, 2026, following consideration of recommendations from the Audit Committee and the Committee of Independent Directors.The scheme involves the amalgamation of Achyut Healthcare Limited (the Transferor Company) with Zenith Healthcare Limited (the Transferee Company). This transaction is designed to result in the consequent dissolution of the Transferor Company without winding up and includes the issuance of equity shares by the Transferee Company to the equity...

Snowman Logistics to open new 10,000-pallet temperature-controlled facility in Hyderabad Snowman Logistics Limited, a leading provider of integrated temperature-controlled storage and distribution services, has announced the establishment of a new 10,000-pallet temperature-controlled warehouse facility in Hyderabad. Construction for this major asset light Built-to-Suit (BTS) development is now underway.The new facility will be operational by Q2 next year and is designed to cater to a temperature zone ranging from -25℃ to + 20℃. Strategically located along the NH-44 corridor in Hyderabad's northern logistics belt, the expansion aims to meet rising demand for specialized storage capacity. This market growth is being driven by sectors...

Tata Communications Limited Announces Completion of Tenure of Independent Director Krishnakumar Natarajan Tata Communications Limited has announced that the tenure of Mr. Krishnakumar Natarajan as an Independent Director of the company has concluded. The Board confirmed that Mr. Krishnakumar Natarajan, who previously served in this capacity, ceased to be an Independent Director effective July 15, 2026.The completion of his tenure followed a period where he held the position of Independent Director. The Company's Board placed on record its appreciation for the significant contributions and guidance shared by Mr. Krishnakumar Natarajan during his service with Tata Communications Limited.The details pertaining to this change in...

Sachin D. Patel to acquire equity shares of Gujarat Themis Biosyn Limited from Pharmaceutical Business Group (India) Limited Sachin D. Patel, belonging to the Promoter Group, is proposing to acquire a portion of equity shares in Gujarat Themis Biosyn Limited from Pharmaceutical Business Group (India) Limited as part of an inter-se transfer among promoters.The proposed acquisition, scheduled between July 21, 2026, and July 31, 2026, involves the purchase of up to 5,25,000 equity shares from Pharmaceutical Business Group (India) Limited. The transaction is valued at up to Rs. 20 Crores, with the proposed acquisition price set at Rs. 382 per equity share. This transfer is designated as an inter se transfer within the Promoter and...

BSL Ltd. Announces 55th Annual General Meeting to be held via Virtual means BSL Ltd. has scheduled its 55th Annual General Meeting (AGM), which will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) only. The meeting is set for Tuesday, September 01, 2026, at 4:00 P.M., with the Company's Registered Office being designated as the venue.The company has established specific dates and procedures for member voting related to the AGM. Thursday, August 25, 2026, is designated as the Cutoff Date for determining the eligibility of members who wish to vote via remote e-voting or during the Annual General Meeting.BSL Ltd. will utilize NSDL services for its remote e-voting system. The period for casting remote votes...

Pharma Quality Surge: IPC Partners with UPPPC to Boost Healthcare Innovation and Regulatory Excellence in Uttar Pradesh A pivotal step toward elevating national healthcare standards has been taken as the Indian Pharmacopoeia Commission (IPC) formalized a Memorandum of Understanding (MoU) with the Uttar Pradesh Promote Pharma Council (UPPPC). This strategic alliance, signed during the YEIDA MedTech Investors Meet & Site Visit 2026 in Greater Noida, marks a significant commitment to strengthening India's pharmaceutical and medical device ecosystem.The collaboration aims to ensure robust quality standards, drive innovation across sectors, and significantly strengthen the regulatory framework governing healthcare products nationwide. This...

AI Could Shatter Cost Concerns, Driving Massive Market Expansion For India's Internet Firms For most of the global conversation around artificial intelligence, investor focus has been intensely fixed on two questions: Will AI reduce operational costs, and will it fundamentally disrupt existing internet business models? Bank of America Securities suggests that these questions overlook a far more expansive and critical opportunity for the rapidly growing Indian digital landscape.The brokerage argues that AI's impact on India's internet sector extends beyond mere efficiency gains. It points to three primary ways technology could reshape the industry: by dramatically expanding the total addressable market (TAM), vastly improving...

Billionbrains Garage Ventures Ltd Posts Strong Q1 Results, Approves Major Share Capital Reclassification Billionbrains Garage Ventures Limited announced that its Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The board meeting also approved a significant reclassification of the company's authorized share capital and confirmed the appointment of a new internal auditor.The company reported robust performance across both consolidated and standalone financials for the period. Consolidated total income stood at INR 1,548.67 Crores, while the standalone total income reached 1,053.69 Crores. The unaudited results reflected continued operational scale and financial...

Hotel Sector Rises as Geopolitical Concerns Ease, Driving Resilience in Key Markets India's hotel market shows strong signs of recovery and resilience as Average Daily Rates (ADRs) improve across major metropolitan hubs in early Q2FY27. Nomura reports that the impact of recent geopolitical tensions is receding from pricing dynamics, enabling domestic and leisure demand to drive sustained growth for key industry players.The brokerage firm tracked trends across approximately 250 hotels in Delhi, Goa, Hyderabad, Mumbai, and Bengaluru. The stability and improvement observed in these diverse markets indicate a sector stabilizing after periods of sharp correction recorded earlier this year.ADR Trends Across Major Indian Cities ADRs showed...

Millworks Technologies SME IPO Surges to 17x Subscription; GMP Signals Massive Listing Gain Ahead of Allotment The Initial Public Offering (IPO) of Millworks Technologies has maintained a powerful upward momentum on its second day of bidding. The Small and Medium Enterprise (SME) issue witnessed exceptional investor interest, crossing the 17-fold subscription mark as reported by the BSE data at 10:57 am on July 15.The IPO received bids for 6,04,42,800 shares against an offering of 35,18,800 shares, resulting in a robust overall subscription ratio of 17.17 times. This strong response was led by retail investors, who subscribed nearly 29.31 times their reserved quota. Non-institutional investor (NII) categories also showed significant...

Admach Systems Ltd secures domestic order for non-destructive testing equipment Admach Systems Limited has received a purchase order from a prominent entity in the domestic non-destructive testing (NDT) industry. The order pertains to the supply of two non-destructive testing machines and is valued at INR 295.73 lakhs, including GST.The transaction involves a renowned domestic entity in the NDT sector, with final delivery points specified as Mexico and China. The agreed payment terms stipulate a 30% advance upon receipt of the purchase order, with the remaining balance due against dispatch. The contract execution timeline is set for 16 weeks from the date of the purchase order.The details of this significant domestic order are...

Transformers And Rectifiers Confirms Share Capital Structure and Independent Director Re-appointmentTransformers And Rectifiers (India) Limited has released details regarding its share capital structure for the quarter ending June 30, 2026. The company holds a total of 30,01,65,834 issued equity shares, each carrying a face value of Rs. 1/-.The company's securities are listed on both BSE Limited and National Stock Exchange of India Limited. As per the audit reconciliation for the quarter ending June 30, 2026, the capital structure is detailed across various holding formats:Share Holding FormatNumber of SharesPercentage of Issued CapitalHeld in dematerialized form in CDSL8,88,05,80929.59%Held in dematerialized form in...

TCS Launches Industrial AI Solutions Lab in Bengaluru Powered by NVIDIA Tata Consultancy Services (TCS) has launched the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. This facility is designed to function as a physical AI hub, accelerating the development and real-world deployment of AI-led solutions across mobility and manufacturing domains, leveraging advanced NVIDIA AI Infrastructure.The lab serves to bridge the gap between pilot phases and production scale implementation for enterprises. It allows customers to leverage TCS’ domain expertise and accelerators to rapidly prototype and simulate various use cases in industries before deployment into real-world mobility, manufacturing, and...

AI Is Not a Threat: Why India Internet Stocks Face Major Re-Rating, Not Valuation Crash Investors have long feared that artificial intelligence could severely disrupt India's internet companies, potentially compressing margins and forcing valuation multiples lower. However, Bank of America Securities (BofA) believes the prevailing narrative is backwards. The brokerage argues that after recent derating in the sector, the greatest risk over the next 12 to 18 months is not further multiple compression but a significant re-rating driven by AI creating incremental growth opportunities.Beyond Disruption: The Upside of AI for Internet Ecosystems While benefits like improved personalization and automated customer support are widely...

Global Capital Markets Ltd Shifts Registered Office to Mumbai Following State Change Global Capital Markets Ltd has undergone a significant structural change, formally altering its registered office and updating its Corporate Identity Number (CIN). The alteration reflects the company's move outside of West Bengal and into Maharashtra.The transition of the registered office was confirmed by an order from the Regional Director, dated December 29, 2025. As per the registration details, Global Capital Markets Ltd has established its new premises effective from July 14, 2026. The company's updated address is located at 806, 8th Floor, Raheja Centre 214, Free Press Journal Marg Nariman Point in Mumbai.In addition to the location change...

Tata Elxsi Plummets to Five-Year Low After Q1 Profit Sinks Amid Margin Woes Shares of Tata Elxsi plunged intraday, falling 6% on July 15 to breach a five-year low, trading at Rs 3,469.7 apiece. This significant drop followed the release of June quarter results, which revealed a steep decline in net profit attributed to increased operational costs and margin pressure.The company reported a sequential fall of 23% in net profit for the June quarter, arriving at Rs 171 crore. However, total income from operations managed to rise by nearly 3% on quarter to reach Rs 1,063 crore. In constant currency terms, the company's net profit showed a modest growth of 1.3% on quarter, which aligns generally with analyst expectations.Margins Take...

Surge in Passive Investing! JioBlackRock Launches Nifty 50 ETF to Mirror Index Performance JioBlackRock Asset Management Private Limited has unveiled the JioBlackRock Nifty 50 ETF, a new open-ended scheme designed to passively track the performance of the Nifty 50 Total Return Index. This launch signifies a major move toward providing investors with highly transparent, low-cost exposure to India's blue chip stocks via an Exchange Traded Fund (ETF).The Scheme aims for pure replication of the underlying index, minimizing active management bias and focusing on market-aligned performance. Investors can access this ETF through both the stock exchanges and directly via the AMC or Authorized Participants (APs) under specific conditions...

Nomura Slashes Inflation Forecast as India's Trade Deficit Surprises Higher Amid Global Uncertainty India is maintaining resilience in its macroeconomic indicators as Nomura lowers its FY27 inflation forecast while projecting a significant turnaround in the balance of payments. The brokerage has revised down its inflation expectation, citing managed inflation trends despite some recent spikes in commodity prices. These projections suggest that the Reserve Bank of India (RBI) may remain on an extended pause, using underlying disinflation to shield growth momentum.Nomura Cuts FY27 Inflation Forecast Amid Core Stability Nomura recently reduced its forecast for FY27 CPI inflation to 4.6%, marking a reduction from the previous estimate of...

Alpine Texworld IPO Gaining Momentum as Grey Market Premium Rises Amid 34% Subscription on Day Two Alpine Texworld Limited's initial public offering (IPO) is gaining traction as the company sees a significant boost in market interest. The listing-day bidding recorded an overall subscription of 34 percent by 10:15 am on July 15, indicating growing enthusiasm for the textile firm.Qualified Institutional Buyers (QIBs) have demonstrated strong demand, fully subscribing to their reserved quota. Meanwhile, Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) registered subscriptions of 34 percent and 33 percent, respectively, on the National Stock Exchange.IPO Details and Funding Goals The offering is a fresh issue...