Markets

Asian Stocks Surge as Soft US CPI Fuels Tech Rally Amid Middle East Tensions Asia Pacific Equities Rally on Cooler US Inflation Data Asian stock markets experienced a strong rebound, driven by cooler-than-expected US inflation figures. This data has significantly reduced market expectations regarding immediate interest-rate hikes from the Federal Reserve (Fed). The artificial intelligence (AI) sector in particular gained fresh momentum as investors rotated into technology stocks following a period of volatility.MSCI’s Asia Pacific equities gauge rose 1.2%, with more than three stocks advancing for every decliner. South Korea saw a significant jump as the Kospi index jumped over 6%, propelled by SK Hynix Inc., whose American Depositary...

Equity MF Cash Holdings Plunge to 19-Month Low as Funds Aggressively Deploy Into Domestic Stocks Cash holdings across equity mutual fund (MF) schemes hit a significant low in June, indicating that asset managers are actively deploying funds into domestic equities amid continued market firmness. This trend was supported by global easing of war tensions and the stabilization of crude oil prices.Equity Mutual Fund Cash Levels Reach 19-Month Trough Cash holdings across the equity MF sector stood at ₹1.84 lakh crore in June, marking a trough since November 2024 when the figure was recorded at ₹1.80 lakh crore. This represents a 2.3 percent decline from the ₹1.88 lakh crore reported in May.As per ACE Equities data, the cash holdings...

Borosil Scientific Limited Reports Change in Senior Managerial Personnel Borosil Scientific Limited has announced a change regarding its senior managerial personnel. Mr. Sharad Tiwari, who holds the position of Head International for Pharmaceutical Primary Packaging, ceased to be a Senior Managerial Personnel of the Company effective July 14, 2026.The change was attributed to an alteration in the internal reporting structure of the company. Despite this shift in designation status, Mr. Tiwari continues to remain associated with Borosil Scientific Limited.BOROSCI Stock Price Movement Shares of Borosil Scientific Limited saw a modest advance on Tuesday, trading up 0.15% to settle at ₹162.71. The stock traded within an intraday range...

Swastika Investmart Ltd Board Meeting Agenda Expanded to Include Funding Proposal Consideration Swastika Investmart Limited has announced an addendum to the notice of its Board of Directors meeting, scheduled for Monday, July 20, 2026. In addition to considering and approving the Un-audited Financial Results for the quarter ending June 30, 2026, the board will evaluate a proposal for raising funds.The expanded agenda item concerns the proposal for fundraising through various instruments. The Board is tasked with considering a proposal involving the issue of one or more financial instruments such as equity shares, convertible securities, warrants, or debt securities. These funds can be raised through Private Placement, Preferential...

SPR Auto Technologies Urges Shareholders to Update KYC and Bank Details for Physical Securities SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited, is seeking shareholders holding physical securities to update their Know Your Customer (KYC), PAN, mobile number, bank account details, and specimen signature. This drive focuses on ensuring the proper recording of shareholder information with its Registrar and Transfer Agent (RTA).The company has issued a reminder to all shareholders registered in physical form, emphasizing the critical need to complete these updates promptly.Key Requirements for Shareholders:Shareholders are requested to provide specific documents and details to facilitate the updation...

Zenith Healthcare Ltd Approves Scheme of Amalgamation of Achyut Healthcare Limited Zenith Healthcare Ltd announced on July 14, 2026, that its Board of Directors approved a comprehensive Scheme of Amalgamation involving Achyut Healthcare Limited. The transaction involves the merger of Achyut Healthcare Limited (the Transferor Company) into Zenith Healthcare Limited (the Transferee Company).The amalgamation aims to consolidate operations and expand market reach for both entities, driven by shared business operations within the pharmaceutical industry. The Scheme mandates the dissolution of Achyut Healthcare Limited without winding up. In consideration for the merger, Zenith Healthcare Limited will issue fully paid-up Equity Shares at a...

Suryoday Small Finance Bank Completes Business Responsibility Reporting for FY2025-26 Suryoday Small Finance Bank Limited has finalized the Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report details the bank's operational scale, workforce performance, and its commitment to ethical governance amid expansion across various segments of the Indian economy.The BRSR provides a comprehensive look into the bank’s operations, which are primarily focused on financial services, covering deposits, loans, and wholesale banking activities. The institution currently maintains 717 offices nationally, serving customers across 15 states in India. Its customer base is widely varied, encompassing the...

Firstsource Solutions Reports ESG Performance, Highlighting GHG Emission Reductions and Commitment to Workforce Welfare Firstsource Solutions Limited, a leading provider of IT enabled Business Process Services (BPS) globally, has released its Business Responsibility and Sustainability Report for the financial year 2025-26. The report details the company's integrated approach to environmental stewardship, social responsibility, and ethical governance across its extensive global operations.The reporting period covered spans April 1, 2025, to March 31, 2026. Firstsource Solutions, which serves over 150 clients including Fortune 500 and FTSE 100 companies, reported comprehensive operational data reflecting its status as a highly...

Susan Electricals India Ltd Reports 254% Revenue Growth in Q1 FY27; Order Book Visibility Nears ₹292 Crore Susan Electricals India Limited delivered a robust operational performance during the first quarter of fiscal year 2027 (Q1 FY27). The company reported significant growth, driven by strong order execution, expanding customer relationships, and enhanced manufacturing capabilities.The results underscore the demand for aluminium conductors, wires, cables, and allied electrical products in the market. Susan Electricals has maintained a healthy business pipeline and demonstrated committed focus on operational excellence following its listing on the BSE SME Platform on June 18, 2026.Financial Performance Snapshot Susan Electricals...

Meet Nimesh Desai Appointed as Chief Financial Officer of TechEra Engineering; Sandip Shinde Resigns TechEra Engineering (India) Limited has announced changes in its senior management, with Mr. Meet Nimesh Desai appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was made following a Board meeting held on July 14, 2026.The company confirmed that Mr. Sandip Shinde has resigned from his position as CFO and KMP. His last working day in this capacity is scheduled for July 14, 2026. Despite the resignation, Mr. Shinde will continue to serve as Finance Head of the Company, providing full support to ensure a smooth transition of the responsibilities associated with the Chief Financial...

Exato Technologies Subsidiary Enters Non-Exclusive Partnership with AmplifAI Solutions Exato.AI Inc., a wholly owned subsidiary of Exato Technologies Limited, has formalized a non-exclusive partnership agreement with AmplifAI Solutions, Inc., USA. The collaboration focuses on the sales, promotion, and marketing of AI powered solutions by AmplifAI Solutions, Inc., and involves identifying prospective customers.The agreement is set to run for an initial term of two years from the date of execution. Exato.AI Inc. will serve as a non-exclusive partner in this market expansion effort.As outlined in the partnership details, the arrangement does not stipulate any minimum business commitment or guaranteed revenue threshold. Instead, the...

DCM Shriram Fine Chemicals Holds 5th Annual General Meeting of Shareholders DCM Shriram Fine Chemicals Ltd conducted its 5th Annual General Meeting (AGM) on Tuesday, July 14, 2026. The meeting was held via Video Conferencing (VC)/Other AudioVisual Means (OAVM), with the company adhering to applicable provisions of the Companies Act and related regulations.The AGM saw the attendance of 140 members or representatives of corporate members. Mrs. Urvashi Tilakdhar, Senior Managing Director, chaired the proceedings, confirming that the requisite quorum was present. The meeting also featured Directors from various locations, including Mr. Akshay Dhar (Managing Director & CEO) and Ms. Aditi Dhar, along with independent directors and other...

Achyut Healthcare Limited Approved Scheme for Amalgamation with Zenith Healthcare Limited The Board of Directors of Achyut Healthcare Limited approved a Scheme of Amalgamation, in which the company would be absorbed into Zenith Healthcare Limited. The decision was taken at a board meeting held on July 14, 2026, following consideration of recommendations from the Audit Committee and the Committee of Independent Directors.Under the agreed-upon scheme, Achyut Healthcare Limited (the Transferor Company) will merge with Zenith Healthcare Limited (the Transferee Company). The amalgamation is planned to lead to the dissolution of Achyut without winding up. In consideration for the merger, which involves no cash payment, Zenith Healthcare...

Lemon Tree Hotels Signs Hotel in Jorhat, Expands Northeast Footprint While De-flagging Dubai Property Lemon Tree Hotels Limited has announced significant developments across its portfolio, signing a license agreement for a new property in Jorhat, Assam, marking an expansion into the cultural capital of Northeast India. The company also confirmed that the hotel previously located in Dubai will no longer be managed by the group.The newly signed Lemon Tree Hotel in Jorhat is set to feature 70 well-appointed rooms and will offer comprehensive amenities including a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. The property will be operated by Carnation Hotels Private Limited, a wholly-owned subsidiary of...

GIC Housing Finance Appoints Asit Kumar Nandi as Chief Compliance Officer GIC Housing Finance Limited has announced the appointment of Shri Asit Kumar Nandi as its new Chief Compliance Officer. The company's Board of Directors approved the move based on a recommendation from the Nomination & Remuneration Committee. Mr. Nandi is set to join GIC Housing Finance and will serve in the role for a term of 36 months, effective from his date of joining.The appointment comes as part of strengthening senior management personnel within the financial services firm. The company noted that the role requires expertise in regulatory compliance and risk management within the industry.Mr. Nandi brings extensive experience to the position, having...

Penalty Orders Upholding Education Cess Disallowance Against Chambal Fertilizers & Chemicals Limited Chambal Fertilizers & Chemicals Limited has provided an update regarding penalty orders passed by the Income Tax Department concerning matters related to the disallowance of various Cesses. The company confirmed receiving directions from the Commissioner of Income-tax (Appeals) on both cases.The updates cover two separate assessments, both involving penalties levied under Section 270A of the Income Tax Act, 1961 by the Assessment Unit of the Income Tax Department. Both penalty orders were upheld by the Appellate authority, and the company plans to challenge these decisions with the appropriate higher authority.Details regarding the...

ADF Foods Limited Declares Final Dividend of Rs. 0.60 Per Equity Share ADF Foods Limited has announced a recommendation for a Final Dividend on its equity shares for the Financial Year ended March 31, 2026. The dividend is set at Rs. 0.60 per equity share, representing 30% of the face value of Rs. 2/- each.The Board of Directors of ADF Foods Limited recommended this Final Dividend during its meeting held on May 13, 2026. While the recommendation has been made, the dividend is subject to final approval by Shareholders at the company's 36th Annual General Meeting (AGM), scheduled for August 12, 2026.The company noted that the dividend payment will be disbursed within 30 days from the date of declaration, provided it receives...

Power Grid Corporation Commissions Major Transmission System for Gujarat RE Zone Power Grid Corporation of India Limited has successfully commissioned a significant transmission project aimed at supporting renewable energy evacuation in the Khavda Area of Gujarat. The project, titled 'Transmission System for Evacuation of Power from potential RE zone in Khavda Area of Gujarat under Phase IV (7 GW) -Part E4', became operational effective from June 21, 2026.The commissioning marks a key development for the company and the region's energy infrastructure. The project falls under Phase IV and involves a capacity of 7 GW.In addition to the successful commissioning, Power Grid Corporation has received the relevant DOCO (Document) dated...

Viji Finance Limited Director Resigns Amid Increased Personal Commitments Sejal Riddhesh Shah, an Additional Director (Non-Executive Non-Independent Director) of Viji Finance Limited, has tendered her resignation from the company’s board. The resignation is effective as of the close of business hours on July 14, 2026.The resignation was attributed to increased personal commitments. According to statements released by the company, Mrs. Shah was unable to devote the requisite time and attention needed for the affairs of the Company and to effectively discharge her duties and responsibilities as a Director.Viji Finance Limited has confirmed that there are no other material reasons contributing to her departure beyond those stated in...

TechD Cybersecurity Limited Secures Multiple Contracts from Key Industries; Aggregate Value Reaches INR 1.57 Crore TechD Cybersecurity Limited has secured five purchase and service orders on July 14, 2026, spanning diverse high-growth sectors such as renewable energy, aviation infrastructure, shipping, agri-business, and international education technology. The successful acquisition of these contracts positions the company firmly within the managed security service provider (MSSP) market in India.The aggregate value of the five orders amounts to approximately INR 1.57 Crore (inclusive of applicable GST). These engagements include both domestic clients and an international order for services rendered abroad, highlighting TechD's...