Markets

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...

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...