Markets

Palm Oil Prices Plunge Amid Slowing Indian Imports and Mounting Global Stockpiles Futures Dip as India's Demand Signals Weakness Palm oil futures witnessed a downturn after reports indicated a decline in imports from India during the previous month. This data suggests weakening demand from one of the major consumer markets.Futures traded in Kuala Lumpur saw a dip of up to 0.6%, following two consecutive days of gains. Shipments destined for Malaysia were reported as being about 11% lower in June compared to May. Imports of other vegetable oils also registered a corresponding decline.The movement is directly tied to the reduction in palm oil imports by India last month, according to David Ng, a senior trader at IcebergX Sdn...

Transworld Shipping Lines Completes Sale of M.V. SSL Thamirabarani to Avana Logistek Limited Transworld Shipping Lines Ltd, formerly known as Shreyas Shipping and Logistics Limited, has successfully completed the sale of its vessel, M.V. SSL Thamirabarani. The transaction was finalized with Avana Logistek Limited.The Protocol of Delivery and Acceptance between the buyer and the seller was executed, marking the completion of the sale on July 14, 2026. The delivery of the vessel took place in Chennai, India.TRANSWORLD Stock Price Movement Shares of TRANSWORLD SHIPPING LINES LIMITED are edging higher to ₹159.70 as of 11:05 AM today, after gaining 1.69% in live trading. The equity maintains a strong position above its session low of...

CMPDI Announces Board Meeting to Review Q1 Results and Potential Interim Dividend for FY2026-2027 Central Mine Planning & Design Institute Ltd (CMPDI) has scheduled a meeting of its Board of Directors to review the un-audited financial results for the first quarter ended June 30, 2026. The board will also consider the declaration of the First Interim Dividend for the financial year 2026-2027.The meeting is set to be held on Monday, July 20, 2026, in Ranchi. During the session, the company's Board of Directors is expected to approve and record the Q1 results after they are reviewed by the Audit Committee of CMPDI. Furthermore, the board may consider declaring the interim dividend for FY 2026-27.In relation to market trading, the...

Arun K Vijayan Appointed as Non-Executive Nominee Director at Nitta Gelatin India Ltd. Nitta Gelatin India Ltd has appointed Shri Arun K Vijayan IAS as a Non-Executive Nominee Director on its Board of Directors. This appointment follows a change in nomination made by the promoter, Kerala State Industrial Development Corporation Limited (KSIDC).The company announced that Shri Arun K Vijayan IAS was nominated by KSIDC to fill this role, succeeding Shri Vishnuraj P IAS.Shri Arun K Vijayan IAS is reported as a 2016-batch officer of the Indian Administrative Service in the Kerala cadre. He holds qualifications including a Bachelor of Engineering (Honours) in Electrical Engineering from the Birla Institute of Technology and Science...

Belrise Industries Surges on QIP Launch as Auto Component Giant Seeks Massive Corporate Fund Raise The stock price of auto component manufacturer Belrise Industries witnessed a significant rally in early trade, rising by more than 2.5 per cent on July 15. This positive movement followed the launch announcement of a Qualified Institutional Placement (QIP) by the Pune-based company.The QIP allows the firm to raise substantial capital through institutional investors. The stock's performance underscores investor confidence in Belrise’s strategic positioning and market stability.Stock Rally Driven by Major QIP Announcement Belrise Industries has secured its commitment for a major fund raise via the QIP route, advising transaction...

Ather Energy Stock Surges 9% as Hero MotoCorp Approves Massive ₹1,000 Crore Investment Strategic Boost: Why Hero MotoCorp's Investment is Crucial for Ather Energy Ather Energy shares experienced a significant upward move, rising 9% on July 15. This rally followed the announcement that two-wheeler giant Hero MotoCorp has sanctioned an investment of up to ₹1,000 crore in the homegrown EV maker.Hero MotoCorp, which holds a considerable stake in Ather Energy and is based in Bengaluru, confirmed the massive financial backing. The proposed transaction involves Hero investing through either a preferential allotment of shares or convertible securities.This strategic capital infusion comes at a critical juncture for Ather. While Ather has...

AAIB Reaffirms Confidentiality Over AI171 Cockpit Recordings as Investigation Nears Critical Milestones The Aircraft Accident Investigation Bureau (AAIB) has provided crucial clarity to the Supreme Court regarding the sensitive nature of the investigation into the June 2025 Air India AI171 crash. The bureau stated that cockpit voice recordings and other specialized investigative records must remain strictly confidential, citing both statutory mandates and international aviation law.The AAIB informed the apex court that the draft final report concerning the tragedy is anticipated to be ready in October 2026. This timeline reflects the complexity of investigating such a high-profile incident involving multiple jurisdictions and global...

Shankara Buildpro Clarifies Status on Stock Price Movements Shankara Buildpro Ltd has provided clarification regarding movements in its stock price, assuring stakeholders that there is no material non-public information currently impacting the company's operations or performance.The company addressed inquiries concerning the recent movement and increase in its share price on the exchanges. Shankara Buildpro confirmed that at this time, there are no undisclosed or price sensitive pieces of information.Furthermore, the company stated that there are no impending corporate actions that require immediate disclosure to the market.Shankara Buildpro reiterated its commitment to maintaining regulatory compliance and assured the public that...

Premium Spirits Boom: IMFL Industry Surges as India-UK FTA Slashes UK Whisky Duties Indian Made Foreign Liquor (IMFL) manufacturers are positioning themselves for a substantial growth wave following the ratification of the India-UK Free Trade Agreement (FTA). The deal, set to take effect on July 15, is viewed by industry leaders not merely as a tariff milestone but as a strategic opportunity driving premiumization and revenue growth across the domestic alcobev sector.Key Benefits of the India-UK FTA for Indian Producers The FTA introduces significant tariff rationalisation, promising better access to premium global brands in the Indian market. Customs duties on UK whisky and gin are set to decline from 150 percent upon entry into...

Virtual Galaxy Infotech Reports Strong Q1 Performance, Secures US$1.65 Million Contracts in Africa; Reiterates Growth Guidance Virtual Galaxy Infotech Limited, formerly known as Virtual Galaxy Infotech Pvt. Ltd., reported significant business achievements for the first quarter of FY 2026. The company highlighted strong revenue growth, strategic partnerships, and continued expansion of its technological capabilities across several international markets.The operational highlights revealed sustained investment in critical areas such as AI infrastructure and proprietary technology development. The firm's commitment to innovation remains high, with continuous investments made into AI infrastructure to enhance compute capacity and...

Anupam Rasayan Signs Non-Binding Letter of Intent with BASQUEVOLT for Specialty Chemical Supply Worth $300 Million Surat, July 15, 2026: Anupam Rasayan India Ltd., a leading provider of custom synthesis and specialty chemicals, announced on this date that it has executed a non-binding Letter of Intent (LOI) with BASQUEVOLT, S.A. The European developer of solid-state lithium batteries is based in Miñano (Araba/Álava), Spain.The LOI details the potential supply of a specialty chemical product over up to 10 years between the two parties. The engagement has been set for a cumulative revenue of $300 Million. Crucially, the Letter of Intent is preliminary and non-binding, meaning any future supply would be contingent upon the successful...

HBL Engineering Secures Rs 24 Crore Order from Integral Coach Factory for KAVACH Loco Equipment HBL Engineering Ltd. has secured a significant contract valued at Rs 24 Crores (excluding 18% GST) from the Integral Coach Factory (ICF), Chennai. The order involves the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0).The contract awarded by ICF is designated for HBL Engineering Ltd., marking a key operational achievement in the rail technology sector.Contract Details The agreement encompasses the full scope required for the specialized railway components. The details of the order are as follows:ParticularsDetailClient EntityIntegral Coach Factory (ICF), ChennaiContract ValueRs 24...

Vinyl Chemicals Announces Board Meeting for Q1 2026 Unaudited Financial Results Vinyl Chemicals (India) Ltd has scheduled a meeting of its Board of Directors to consider and take on record the Unaudited Financial Results for the First Quarter ended June 30, 2026.The company announced that the board meeting will be held on Thursday, July 30, 2026. The primary purpose of the session is to review the financial performance of the business during the first quarter of the fiscal year 2026.VINYLINDIA Stock Price Movement Shares of Vinyl Chemicals (India) Limited are edging higher to ₹251.6 as of 10:41 AM today, posting a 0.24% gain with the stock trading up by ₹0.60. The equity has seen steady activity in early trading, which includes a...

Wipro Pivots to AI-Driven Growth as Revenue Flatlines; CEO Outlines Outcome-Based Commercial Shift FY26 Performance Review Amid Market Consolidation Wipro held its 80th annual general meeting, where Chairman Rishad Premji and CEO Srinivas Pallia addressed the company's fiscal year performance. The management acknowledged that FY26 presented a challenging environment, characterized by client focus on efficiency and consolidation. Consequently, Wipro's revenue declined by 1.6% in constant currency, reaching $10.5 billion.Despite the overall revenue challenge, operational strength was evident across other metrics. The company achieved an expanded IT services operating margin of 17.2%. Furthermore, Wipro demonstrated strong shareholder...

Manaksia Coated Metals Posts Strong Q1 FY27 Results, Highlights Export Strength and Strategic Capacity Expansion Manaksia Coated Metals & Industries Limited (MCMIL) reported a strong start to Fiscal Year 2027, driven by robust export demand and a successful strategic shift toward higher-value pre-painted steel products. The company demonstrated significant growth in profitability and realized an impressive sequential increase in total income despite elevated raw material and freight costs during the quarter.The management stated confidence in the firm's growth trajectory, citing the strong export order book and the timely execution of key expansion projects, including the second colour coating line and a 7 MW captive solar power...

AJC Jewel Manufacturers' Subsidiary Opens Third Showroom in Kerala, Boosting Retail FootprintEsthara Jewels Private Limited, a subsidiary of AJC Jewel Manufacturers Ltd., has expanded its retail presence in South India with the inauguration of its third showroom. The new outlet is located at Market City Mall in Perinthalmanna, Malappuram District, Kerala, and commenced operations on July 12, 2026. This addition signifies a key milestone in the subsidiary's strategy to expand retail sales of silver jewelry across Kerala.The opening of the showroom strengthens Esthara Jewels’ customer accessibility in the strategically important market, aligning with AJC Jewel Manufacturers Ltd.'s broader focus on building a wider retail network and...

LTM Leads Massive AI Workplace Transformation for L&T Group Using Microsoft 365 Copilot Mumbai, July 15, 2026: LTM, a Larsen & Toubro Group company and Business Creativity partner to large enterprises globally, has announced that it is spearheading a massive enterprise AI workplace transformation for the entire L&T Group by deploying Microsoft 365 Copilot. This initiative positions LTM as the lead entity in one of India's largest corporate-wide AI integrations.The company confirmed that this enterprise-wide rollout involves enabling Microsoft 365 Copilot access for approximately 140,000 employees across the L&T Group. The goal of the transformation is to boost productivity, accelerate decision-making, and improve customer outcomes...

VC Fundraising Surges Past $4.5 Billion as AI-Native Ventures Define New Funding Cycle Venture capital fundraising in India has crossed a significant milestone in the first half of 2026, breaching the $4.5 billion mark. This strong momentum suggests that the recovery trend observed last year is holding firm despite an increasingly complex and demanding investment environment. A total of 13 India-focused funds were announced, launched, or closed between January and June.These fundraising activities involve a mix of established giants like Peak XV Partners, Accel, Elevation Capital, and B Capital, alongside newer vehicles from seasoned investors such as Fundamentum, Ambition Capital, and F2A. Collectively, these funds represent more...

SBI Funds Management IPO Shows Surge in Demand as GMP hits 16% amidst Strong Investor Interest The Initial Public Offering (IPO) of SBI Funds Management is witnessing a robust response on the second day of bidding. The significant Rs 9,813-crore public issue has seen considerable interest, being subscribed nearly 70 percent as of 10:00 am on July 15, according to data from the National Stock Exchange (NSE).Investor Appetite Drives High Subscription Rates The subscription figures indicate strong participation across different investor categories. A total of 8.50 crore shares have been bid for against the offer of 12.45 crore shares. Non-Institutional Investors (NIIs) led this demand, subscribing at 1.4 times. The Retail Individual...

Sammaan Capital Limited Plans Committee Meeting to Consider Buyback of USD Denominated Bonds Sammaan Capital Limited has scheduled a meeting of its Securities Issuance and Investment Committee to consider the proposal for buying back its USD denominated bonds.The committee meeting is set to be held on or after July 20, 2026. The purpose of the meeting will be to evaluate and potentially approve the buyback proposal, subject to applicable laws, regulatory approvals, market conditions, and the terms outlined in the respective issue documents.SAMMAANCAP Stock Price Movement Shares of Sammaan Capital Limited are edging higher to ₹163.26 as of 10:31 AM, surging by 1.73% in live trading. The stock is exhibiting strong volume as over 6.29...