Markets

Arbitration Award Issued in Claim Dispute Against ICICI Lombard General Insurance Company Limited ICICI Lombard General Insurance Company Limited has received an Arbitration Award related to a long-standing claim dispute, where the Arbitral Tribunal ruled in favor of the Insured. The ruling details the compensation due from the company regarding multiple insurance policies previously held by the claimant.The dispute concerned M/s. Roadway Solutions Narayanpur Roads Project Pvt. Limited (the Insured) and was originally brought against Bharti AXA General Insurance Company Limited, whose business was acquired by ICICI Lombard in September 2021. The proceedings involved a total of six insurance policies obtained by the Insured from the...

Inventurus Knowledge Solutions Inc Completes First Tranche Investment in WWMG MSO LLC Inventurus Knowledge Solutions Ltd., through its wholly owned subsidiary, Inventurus Knowledge Solutions Inc (IKS Inc.), has completed the first tranche of investment into IKS WWMG MSO LLC (WWMG MSO). The transaction saw IKS Inc subscribe to 2,840,000 Common Units of WWMG MSO.The investment, valued at USD 2,840,000, marked a significant increase in the holding stake held by IKS Inc. in WWMG MSO.Prior to the completed tranche, IKS Inc.'s ownership interest stood at 48.02%. Following the investment of USD 2,840,000, IKS Inc.'s equity interest in WWMG MSO has increased to 51.88% of the outstanding units.Key details of the investment are summarized...

Jaykay Enterprises Announces Rights Issue of Equity Shares Aiming at ₹15,500 Crore Jaykay Enterprises Limited (JKE) has approved a proposed Rights Issue for its partly paid-up equity shares. The fund-raising initiative is designed to finance strategic investments and general corporate purposes, with an issue size of up to ₹15,500.00 Lakh.The approval for the Issue was granted by the Board of Directors during a meeting held on July 13, 2026. This move solidifies JKE's commitment to growth, following which it will leverage these funds for strategic expansion, including an investment in its wholly owned subsidiary.Overview of the Rights Issue The Issue is being offered on a rights basis to eligible equity shareholders as of a...

Digjam Ltd to hold EGM on August 16 to approve Scheme of Arrangement with Reid & Taylor International Private Limited Digjam Limited has scheduled an Extra-Ordinary General Meeting (EGM) for August 16, 2026, to seek shareholder approval for a major Scheme of Arrangement involving itself and Reid & Taylor International Private Limited (RTIL). The scheme aims to consolidate the textile business operations of both companies into Digjam Limited.The meeting is directed by an order from the National Company Law Tribunal (NCLT), Chennai Bench, dated June 19, 2026. Shareholders are invited to attend through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The public has been provided with a remote e-voting facility for the...

Digilogic Systems Ltd Receives Rs 4.08 Crore Order from Ministry of Defence Digilogic Systems Ltd has secured a significant purchase order valued at Rs.4.08 Crores (exclusive of GST) from the Ministry of Defence, Government of India. The contract pertains to the Supply, Installation and Commissioning of Satellite Front End Checkout and Monitoring Assembly for test and evaluation purposes related to spaceborne electric sub-systems.The domestic order underscores the company's role in supporting critical defence and aerospace infrastructure projects within India.Details regarding the Ministry of Defence contract were provided, confirming that the order is domestic in nature and specifying the technical requirements and delivery...

Infosys Announces First Quarter Results Date and Details of Investor Events Bengaluru, India — Global technology services leader Infosys has announced that it will reveal its results for the first quarter ended June 30, 2026. The company is scheduled to announce these Q1 results on Thursday, July 23, 2026.Infosys, a leader in AI-first business consulting and technology services, will host multiple investor interactions surrounding the release of its quarterly performance data.The results announcement is set for approximately 3:45 p.m. Indian Standard Time (IST). This timeline translates across various global time zones, including 6:15 a.m. ET, 3:15 a.m. PST, and 11:15 a.m. London time.Press Conference and Earnings Call Details...

Ravindra Doshi Acquires 7.49% Stake in Kore Digital Limited through Share Gift Deed Ravindra Doshi has increased his holdings in Kore Digital Limited following a share transfer executed via Gift Deed. The transaction, dated March 31, 2026, involved the transfer of shares from Chaitanya Doshi to Ravindra Doshi.The details of the acquisition show that 900,000 shares were acquired by the acquirer from Chaitanya Doshi at a price of NIL, as the transaction was conducted as an inter se transfer among immediate relatives via Gift Deed. This single acquisition accounts for 7.49% of Kore Digital Limited's diluted share capital.The change in holdings significantly impacts the aggregate shareholding of Ravindra Doshi. Prior to the acquisition...

Appellate Tribunal dismisses appeal regarding share confiscation case involving Tamilnad Mercantile Bank Limited Tamilnad Mercantile Bank Limited has received an order from the Appellate Tribunal under SAFEMA, New Delhi, which dismissed a long-pending appeal concerning the confiscation of shares transferred in connection with foreign investors. The decision was conveyed to the bank on July 14, 2026.The matter originated from a Show Cause notice dated December 17, 2014, issued by the Directorate of Enforcement, which led to a penalty being imposed on the bank and others via an order passed by the Special Director on August 14, 2020. Following this imposition, the Deputy Legal Advisor, Directorate of Enforcement had filed an appeal with...

Palash Securities Announces Key Dates for 12th Annual General Meeting Palash Securities Limited has announced important dates regarding its upcoming 12th Annual General Meeting (AGM), providing crucial timelines for shareholders concerning e-voting and the closure of the share register.The Company is scheduled to hold its 12th AGM on Wednesday, August 5, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means.Shareholders are provided specific deadlines related to this event, including the cut-off date for eligibility in e-voting and a period during which the company's register of members and share transfer books will be closed.The key dates for shareholders regarding the AGM are as follows...

Digjam Limited Shareholders Convene for Scheme Approval Meeting Amidst Tribunal Directives A meeting of the Equity Shareholders of Digjam Limited is scheduled to consider and potentially approve a specific Scheme of Arrangement involving the company and Reid & Taylor International Private Limited. The shareholders' meeting is set to take place on Sunday, August 16, 2026, at 11:00 A.M. IST.The event pertains to the Scheme of Arrangement between Reid & Taylor International Private Limited (RTIL), referred to as the First Applicant Company or Demerged Company, and Digjam Limited, identified as the Second Applicant Company or Resulting Company. The meeting is based on an Order dated June 19, 2026, issued by the National Company Law...

Alpex Solar Files Application with MNRE for 2.2 GW TOPCon G12 Cell Manufacturing Unit Inclusion in ALMM List-II Alpex Solar Limited, which was previously known as Alpex Solar Pvt. Ltd., has submitted an application to the Ministry of New and Renewable Energy (MNRE), Government of India. The application seeks to include its advanced manufacturing unit within the Approved List of Models and Manufacturers (ALMM) List-II.The manufacturing facility in question is a 2.2 GW TOPCon G12 Cell production unit, located at A-2/2, Industrial Area, Kosi Kotwan, Extension-II, Mathura, Uttar Pradesh -281403.According to the details provided, MNRE has formally acknowledged the company's submission. The application is currently undergoing evaluation...

Radico Khaitan Releases Sustainability Report for FY2025-26, Detailing ESG Commitments and Operational Focus Radico Khaitan Limited has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The comprehensive report details the company's commitment to environmental stewardship, social responsibility, and robust corporate governance as a leading manufacturer of Indian Made Foreign Liquor (IMFL).The document outlines how sustainability is integrated into Radico Khaitan’s core business strategy across its entire value chain. This strategic approach aims to create long-term sustainable value for consumers, employees, shareholders, partners, communities, and the environment.Corporate...

Tata Power Approves Allotment of ₹1,500 Crore Unsecured NCDs through Private Placement Tata Power Company Limited has approved the allotment of Non-Convertible Debentures (NCDs) worth ₹1,500 crore. The issuance, which was secured via a private placement model, involves 7.50% unsecured, senior, redeemable, rated, and listed NCDs.The Committee of Directors at Tata Power sanctioned the allotment on July 14, 2026. The transaction pertains to 1,50,000 units of NCDs with a face value of ₹1,00,000 each, aggregating to ₹1,500 crore. These debentures carry a tenor of five years and were issued for cash.The allotment process utilized the multiple yield allotment method prescribed by BSE Limited. The company has determined the issue price...

KEC International Secures Rs 1,180 Crores in New Orders Across T&D, Renewables, and Civil Segments KEC International Ltd., a global infrastructure EPC major, has secured new orders totaling Rs 1,180 crores across its various business segments. The order wins span Transmission & Distribution (T&D), Renewables, Civil works, and Cables & Conductors, marking key milestones for the company in supporting growing power infrastructure needs.The T&D segment of KEC International has received several projects globally. This includes securing a 400 kV transmission line project in Western India specifically designed to power a Data Centre. Additionally, the company secured contracts for the supply of transmission line towers in the Middle East and...

Indian Overseas Bank Schedules Board Meeting to Review Q1 Financial Results Indian Overseas Bank has scheduled a meeting of its Board of Directors to review the unaudited financial results for the quarter ended June 30, 2026. The event is set to take place on July 20, 2026, in Chennai.The board meeting will specifically consider the bank's Unaudited (Reviewed) Financial Results, which cover both Standalone and Consolidated figures for the quarter ending June 30, 2026.Additionally, the bank confirmed that the trading window regarding its securities remains restricted for certain personnel. The prohibition on insider trading continues until July 22, 2026, following a restriction period initiated for Designated Persons and their...

Hero MotoCorp Boosts Ather Energy with Massive Investment as Q1 Tech Giants See Profit Surge The stock market remains highly active today, driven by significant strategic investments and robust quarterly results from major technology firms. While several companies report crucial financial updates, investor attention is focused on deep sector dives ranging from automotive investment to critical regulatory approvals across various industries.Sectoral Performance and Key Q1 Results Technology stocks demonstrated considerable resilience in the first quarter. L&T Technology Services reported a strong consolidated performance, with its profit growing 13% year-on-year (YoY) to Rs 356.6 crore from Rs 315.7 crore. Revenue also climbed 11.5% to...

Hero MotoCorp Approves Up To Rs 1,000 Crore Investment in Ather Energy Limited Hero MotoCorp Limited has approved a significant additional investment into its associate company, Ather Energy Limited. The move involves subscribing to equity shares or other eligible securities of Ather through a preferential allotment basis, with the investment potentially reaching up to Rs 1,000 crore.The approval by Hero MotoCorp's Committee of Directors (COD) relates to the subscription of Securities proposed by Ather Energy Limited as part of its capital raising efforts. This subscription is subject to necessary approvals from both the Board and Shareholders of Ather Energy Limited. The COD has also sanctioned all required documentation, including a...

14 Sub-Sectors Surge in April as India Launches Index of Services Production India has marked a significant milestone in its statistical infrastructure with the release of the first trial Index of Services Production (ISP). This new macroeconomic indicator is designed to capture and track short-term performance changes within the country's vast services sector. As services constitute the backbone of modern Indian growth, the ISP represents a major step toward providing high-frequency data for informed economic policymaking.Performance Snapshot: Double-Digit Growth across Key Services Sub-Sectors The initial trial release, covering 19 service sub-sectors in April 2026, shows robust momentum across the economy. Notably, 14 of these...

IBM Plunges 25% Amid AI Spending Shift: CEO Blames Infrastructure Rush and Cyber Concerns IBM shares plummeted 25 percent on Tuesday following the release of disappointing preliminary second-quarter results. The tech giant attributed the downturn to a crucial shift in corporate spending habits, driven by concerns over higher prices for memory chips and other infrastructure needed for artificial intelligence initiatives.Impact of Spending Shifts on IBM's Q2 Results For the three months ending in June, IBM reported revenue that rose only one percent, totaling $17.2 billion. The company stated that the demand created by a global rush to build AI infrastructure has begun disrupting traditional business lines.IBM’s infrastructure...

Uflex Ltd Granted Patent for Reclosable Flexible Packaging with Enhanced Barrier Protection Uflex Limited has secured a significant patent from the Government of India's Patent office for an invention related to advanced flexible packaging solutions. The patent, granted on July 13, 2026, carries Patent No. 595198.The patented invention is titled 'A RECLOSABLE FLEXIBLE PACKAGE WITH ENHANCED BARRIER PROTECTION'. The patent grants Uflex Limited a protective term of 20 years, commencing from the application date of December 10, 2024, as per the provisions of the Patents Act, 1970.The invention directly relates to the field of flexible packaging and addresses the need for highly secure and functional packaging methods. Specifically, it...