Markets

Fermenta Biotech Receives FSSAI Approval for Plant-Source Vitamin D3 (VITADEE Green®) Fermenta Biotech Limited has secured Food Safety and Standards Authority of India (FSSAI) approval for its Vitamin D3 (Cholecalciferol) - Plant Source, known as VITADEE Green®. This approval enables the ingredient to be used in Health Supplements, Nutraceuticals, and Food Products across India.The authorization addresses a critical gap in nutritional care within the country. The development allows Indian food and supplement manufacturers to utilize VITADEE Green® in fortified staple foods, beverages, dietary supplements, and nutraceuticals.Prashant Nagre, Managing Director at Fermenta, stated that Vitamin D deficiency remains a significant public...

Samsung's Memory Dominance Set for Massive Profit Surge Amid Global AI Demand Explosion Samsung Electronics is poised for a dramatic turnaround in the memory market, with analysts projecting an operating profit jump of around 18-fold. This massive projected gain comes as insatiable global demand from the burgeoning Artificial Intelligence sector continues to create acute strains across the supply chain and drive chip prices to historic highs.The world's leading memory chipmaker by sales is forecasted to post an operating profit of 86 trillion won ($56.35 billion) for the April to June quarter, according to forecasts compiled by LSEG SmartEstimate. This figure significantly surpasses the 4.7 trillion won recorded in the previous year...

Granules India Limited Secures Sole First-to-File ANDA Status for Sodium Oxybate Generic Equivalent Hyderabad, India – Granules India Limited has secured the Sole First-to-File (FTF) status for its Abbreviated New Drug Application (ANDA) targeting Sodium Oxybate Extended-Release for Oral Suspension. This product is the generic equivalent of LUMRYZ® extended-release oral suspension.This achievement marks Granules' second instance of securing a Sole First-to-File ANDA, following a previous success with Amphetamine Extended-Release Tablets, which are the generic equivalent of Dyanavel XR®. The designation highlights the company's increasing capacity in developing and advancing specialized generic products for the U.S. market.Dr...

Poonawalla Fincorp Reports Strong Financials with ₹67,000 Crore in Assets Under ManagementPoonawalla Fincorp Limited has reported key financial metrics as of June 30, 2026, showcasing significant scale and robust operational health. The company’s performance details underscore a commitment to sustainable growth supported by strong risk management systems and portfolio diversification.As of the end of the quarter, Poonawalla Fincorp recorded Assets Under Management (AUM) at approximately ₹ 67,000 crore. In terms of stability and immediate resource availability, the company maintained an ample liquidity level amounting to roughly ₹ 4,000 crore.The financial summary for Poonawalla Fincorp Limited is as follows:MetricAmount (as on...

Surge in Demand: Shakti Pumps Bags ₹353 Crore MSEDC Order for 15,000 Solar Water Systems Shakti Pumps has received a significant boost following the procurement of a major order from the Maharashtra State Electricity Distribution Company (MSEDC). The company secured a Letter of Empanelment to supply 15,000 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS).This strategic contract falls under the framework of the Magel Tyala Saur Krushi Pump Yojana. The order value is substantial at ₹353.89 crore, which includes GST. These solar water pumps are crucial for agricultural deployment across Maharashtra state.Details of the MSEDC Order and Project Scope The Empanelment covers diverse requirements including 3 HP, 5 HP, and 7.5 HP...

Karur Vysya Bank Drives Stock Focus with Strong Q1 Results; Advances Breach ₹1 Lakh Crore Mark Karur Vysya Bank (KVB) is under significant market focus following the announcement of a healthy and robust business performance for the quarter ended June 30, 2026. The bank successfully expanded its total business operations, reflecting solid growth across key banking metrics.KVB Reports Robust Q1 Performance, Business Total Jumps Over 15% The company’s total business surged by 15.94% year-on-year (YoY), reaching ₹2.27 lakh crore, up from ₹1.96 lakh crore in the previous year. On a sequential basis, total business saw growth of 5.99%, increasing from ₹2.14 lakh crore recorded as of March 2026.This expansion signals strengthening...

NBCC Share Price in Focus After Securing Massive ₹132 Crore Project Orders from State Governments NBCC stock performance remains under intense scrutiny following the announcement of substantial new contract wins by the state-owned construction giant. The company secured three major projects valued at ₹132.28 crore (excluding GST) from Navodaya Vidyalaya Samiti and the Government of Odisha. These contracts underscore NBCC's strong position in public infrastructure development across Eastern India.New Contracts Boost NBCC’s Order Book NBCC has successfully bagged two vital construction projects for educational institutions in Assam. These include the construction of permanent campuses for Navodaya Vidyalaya Samiti, each valued at ₹55.46...

SK Hynix to Surge in Nasdaq Listing, Riding Global AI Wave with $28 Billion Share Sale South Korean chip powerhouse SK Hynix is set to make a major global debut this week as it launches an approximately $28 billion U.S. listing on the Nasdaq stock exchange. This massive share sale positions SK Hynix among the world's most valuable technology firms, capitalizing directly on the surging demand driven by the artificial intelligence (AI) boom.The company plans to sell 17.79 million new shares through a depository receipt listing (DR), which will allow it to tap into American and international investment markets. The stock details are currently being finalized as management prepares for global investor roadshows this week, aiming for a...

Tarai Foods Ltd Announces Financial Results for Quarter Ended March 31, 2026 Tarai Foods Limited released its audited standalone financial results for the quarter ending March 31, 2026. The Board of Directors approved these results along with the Audit Report issued by the Statutory Auditors. The company is involved in the manufacturing of fresh and frozen foods and vegetables.The results provide a comprehensive view of the company’s performance over the past three months and year to date (January 1, 2026, to March 31, 2026).Financial Performance Highlights Key figures for Tarai Foods Ltd in its quarterly statement are detailed below:Profit and Loss Statement (Rs. In Lacs)MetricThree Months Ended 31.03.2026 (Audited)Three...

Asian Shares Surge as Tech Rebound Continues Amid Global Caution Asian markets continued their upward trajectory on Friday, fueled by a robust rebound in technology stocks across the region. The MSCI Asia Pacific Index climbed 0.3%, achieving strong sentiment as more than two shares rose for every one that declined during trading. South Korean shares led the regional strength, with the benchmark Kospi index advancing 1.8%.Technology Sector Dominates Regional Gains The semiconductor and tech sphere remained a primary driver of Asia's performance. Sentiment toward chipmakers looked particularly robust as Hon Hai Precision Industry Co., an Nvidia server assembly partner, reported stronger-than-expected sales figures. Samsung Electronics...

Satin Creditcare Network Limited (SCNL) reported robust performance in the first quarter of fiscal year 2027, showcasing significant growth across its operations while maintaining strong credit efficiency. The company achieved a Consolidated Asset Under Management (AUM) of approximately ₹ 16,000 Crores, with a Standalone AUM reaching about ₹ 13,400 Crores.The firm expanded its disbursement activities substantially in Q1FY27, recording total disbursements of ₹ 3,453 Crores, marking a 54% year-over-year growth. This performance underscores the company's strategy focused on growth and diversification.Network Expansion and Operational Reach SCNL continued aggressive network expansion, adding 53 new branches in Q1FY27. At the standalone...

Gold Surges on Cooling U.S. Jobs Data, Signaling Lower Fed Rate Hike Bets Spot gold prices held near a two-week high this Monday following data indicating a cooling U.S. labor market. This development has slightly tempered expectations regarding an immediate interest rate hike by the Federal Reserve (Fed). The reaction underscores the fundamental relationship between precious metals and monetary policy.Global Gold Prices Rally on Fed Watch Cooling Spot gold was steady at $4,175.02 per ounce by 0028 GMT, marking a weekly gain of more than 2%. U.S. gold futures for August delivery climbed 1.5% to reach $4,186.80 per ounce. The move follows four consecutive weeks of declines in the commodity.The shift is driven by new labor market data...

Oil Prices Slide as OPEC+ Boosts Output Targets Amidst Supply Recovery Oil prices dipped on Monday after the Organization of the Petroleum Exporting Countries and their allies (OPEC+) agreed to further increase output targets starting from August. The slight price correction was set against a backdrop of recovering exports from key producers through the Strait of Hormuz, suggesting a potential influx into global supplies.Brent crude futures traded down 0.33%, settling at $71.88 a barrel by 0010 GMT, after closing 0.45% higher on Friday. Meanwhile, U.S. West Texas Intermediate (WTI) crude was priced at $68.58 a barrel, marking a decrease of 0.16%.OPEC+ Decision and Global Supply Dynamics The consensus reached by OPEC+ on Sunday...

The Federal Bank Allots Equity Shares Following Exercise of Stock Options Under Multiple Schemes The Federal Bank Limited has announced the allotment of equity shares to Option Grantees, following the exercise of stock options across various employee stock option schemes. These allotments were executed on July 05, 2026, subsequent to the payment of funds by allottees.As part of this process, the Bank completed four distinct allotments corresponding to different Employee Stock Option Schemes (ESOS and ESIS). All these allotted shares carried a face value of Rs. 2/- each.The details of the share allotment across the various schemes are summarized below:SchemeDate of AllotmentEquity Shares AllottedESOS 2010July 05, 202615,710...

Yes Bank Surges on Q1 Growth Amid Sectoral Reports: Banks Lead Market Focus The Indian financial markets remain intensely focused on corporate performance, with several key players releasing comprehensive Q1 results. Banking stocks are garnering significant attention as institutions report varied growth metrics across advances and deposits. Beyond the banking sector, FMCG companies like Dabur and Godrej Consumer Products offer positive outlooks, while specialized sectors see notable strategic movements.Banking Sector Performance: Analyzing Major Quarterly ResultsThe quarterly reports from several major banks illustrate a nuanced picture of market activity. Yes Bank reported robust growth in Q1 (YoY), with Loans & advances surging...

Oberoi Realty Secures Gross Bookings of ₹8,109 Crore for Luxury Project Three Sixty North in Gurugram Oberoi Realty, a leading real estate developer in India, has achieved significant gross bookings of approximately ₹8,109 crore for its new luxury residential development, Three Sixty North, located in the National Capital Region (NCR). This achievement marks a key milestone as Oberoi Realty expands its presence into North India.The project, Three Sixty North, is set to redefine luxury living in the NCR and is planned across approximately 14.8 acres on Golf Course Extension Road, Sector 58, Gurugram. The master-planned development will feature seven residential towers, complemented by landscaped open spaces, a dedicated Club Three...

Hindustan Organic Chemicals Ltd Reopens Phenol and Hydrogen Peroxide PlantsHindustan Organic Chemicals Ltd has announced the resumption of activities at its Phenol and Hydrogen Peroxide plants. The company confirmed the reopening of these facilities, effective from July 5, 2026.The update follows previous intimations regarding the temporary shutdown of both the Phenol and Hydrogen Peroxide plants. Hindustan Organic Chemicals Ltd has commenced operations for the recommencement of activities at its manufacturing sites.Stock Price Movement On Friday, shares of Hindustan Organic Chemicals Ltd. settled at ₹38.09, registering a solid gain of 0.63%. The stock saw movement during the trading session, ranging between an intraday low of...

Diamond Power Infrastructure Secures Rs 435.71 Crore Order for HT and LT Cables for Hyderabad Data Center Projects Diamond Power Infrastructure Limited has secured a substantial supply order valued at Rs 435,71,13,171/- for the provision of High Tension (HT) and Low Tension (LT) Power Cables destined for major data center projects in Hyderabad. This significant contract reinforces the company's standing as a preferred supplier within the mission-critical digital infrastructure segment.The order pertains to the 310 MW HYD22 to HYD26 Data Center Projects located in Hyderabad, Telangana. The project execution will be managed by Larsen & Toubro Ltd (HYD22 & 23), Sterling and Wilson Ltd (HYD24 & 25), and Blue Star (HYD26).The contract...

SEBI and NISM Unveil Combined Certification Exam as SIF Assets Surge in Managed Ecosystem Regulator Mandates Unified Certification for Fund Distributors The Securities and Exchange Board of India (SEBI) and the National Institute of Securities Markets (NISM) are collaborating to introduce a combined certification examination. This exam is targeted at distributors of Mutual Funds and Specialized Investment Funds (SIFs).The initiative was announced by SEBI Whole Time Member Amarjeet Singh during his address at the 17th Mutual Fund Summit held in New Delhi, organized by ASSOCHAM. The move underscores a commitment to strengthening professional competency across the financial sector. This examination aims to ensure that all entities...

MSDE Extends Navachar Mantra Registration Deadline: More Time for India's Grassroots Innovators The Ministry of Skill Development and Entrepreneurship (MSDE) has significantly extended the registration deadline for Navachar Mantra, its critical national innovation platform. Responding to the overwhelming interest received from aspiring entrepreneurs across the country, the deadline has been moved to 15 July 2026. This extension provides a crucial window for more innovators to transform their promising ideas into viable and successful ventures.MSDE Extends Deadline to Fuel Innovation Ecosystem Thousands of registrations have already poured in through the official Navachar Mantra portal, demonstrating robust enthusiasm for...