Markets

Bitcoin Plummets Near Historic Low: Analysts Weigh In on Potential Long-Term Bottoming Zone Bitcoin's market correction is intensifying questions regarding whether the leading cryptocurrency is entering a significant long-term bottoming phase. After achieving peaks exceeding $120,000, BTC has seen substantial declines, prompting experts to compare its current structural setup to previous bear market cycles. The drawdown brings Bitcoin close to historical consolidation zones that have historically preceded major recovery phases.Structural Parallels and Cycle Analysis Analysts point out several structural similarities between the current downturn and the 2021-2022 market cycle. Over past crypto cycles, Bitcoin has often experienced...

Zetwerk Clears SEBI Hurdle: IPO Approval Ignites Buzz as Tech Manufacturer Eyes Massive Funding Zetwerk Manufacturing Business Limited has secured crucial regulatory clearance from the Securities and Exchange Board of India (SEBI) for its planned Initial Public Offering (IPO). This approval marks a significant milestone, clearing a major hurdle in the company's journey toward a public stock market debut.The IPO structure will incorporate both a fresh issue of shares and an offer for sale to existing shareholders. The precise size of the offering and the final valuation metrics will be determined through the established book-building process.Details of Zetwerk's Proposed Fundraising and IPO Structure Earlier reports indicated that...

Borosil Renewables Ltd Announces Board Meeting to Review Quarter End Financial Results Borosil Renewables Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial performance for the quarter ended June 30, 2026.The board meeting is set for Thursday, July 16, 2026. The primary agenda item for the gathering will be the consideration and approval of both the Standalone and Consolidated Un-audited Financial Results of the company for the specified quarter.In relation to the financial results and corporate actions, the trading window closure period for Designated Persons and their immediate relatives has been confirmed. This trading restriction, which commenced on July 01, 2026, will remain in...

MMOPL Completes Massive Debt Restructuring: Reliance Infra Subsidiary Cuts Over ₹1,100 Cr Debt, Securing Metro Line’s Future MMOPL Achieves Major Financial Milestone as Insolvency Proceedings Cease Reliance Infrastructure reported a significant financial turnaround for its subsidiary, Mumbai Metro One Private Limited (MMOPL). The company announced that it has successfully reduced its current debt payable to National Asset Reconstruction Company Limited (NARCL) by more than ₹1,100 crore. This reduction, achieved through a structured debt restructuring agreement, marks a pivotal moment in the financial health of the metro line operation.The restructuring initiative is set to withdraw all ongoing insolvency proceedings that were...

Zetwerk Manufacturing Business Gets SEBI Clearance; Three More Public Issues Clear Path for Launch The Indian capital markets are buzzing as the Securities and Exchange Board of India (SEBI) granted crucial approval to Zetwerk Manufacturing Business, paving the way for its highly anticipated Initial Public Offering (IPO). In addition to Zetwerk, three other companies—Marri Retail, Tonbo Imaging India, and Gujarat Victory Forgings—were also cleared by the regulator during the week, setting a steady pace for corporate listings.Zetwerk, a technology-led global manufacturing entity based in Bengaluru, is planning a significant capital raise of up to Rs 4,200 crore through its IPO. The company has secured backing from major investors...

<h1>TRF Limited Board Meeting Scheduled to Discuss Qended June 30 Financial Results</h1>TRF Limited has announced a meeting of its Board of Directors to review and approve the unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. The board meeting is set to take place on Thursday, July 16, 2026.The notice details that the primary agenda item at the meeting will be considering and taking on record the financial performance of the company as per these results.In compliance with the Company's Code for Prevention of Insider Trading, restrictions have been placed on securities trading. The trading window for dealing in TRF Limited's securities was closed starting Wednesday, June 24, 2026.The...

SBI Funds Management IPO Set to Ignite Investor Interest Amid Cheaper Valuation vs Tiered Peers The market is keenly awaiting the listing of SBI Funds Management (SFM), a major player in India’s asset management space. The company is undertaking a maiden public equity offering, positioning it as an attractive exposure for investors seeking a robust blue-chip AMC.The IPO details include a price band set at Rs 545 to Rs 574 per share and is scheduled to run for three days. This offer involves the divestment of shares by both the promoters, SBI, and Amundi India Holding. SFM itself will not be selling new equity in this offering.IPO Details: Offer Structure and Timeline The Rs 11,600-crore public offering is scheduled to begin on July...

Gold Plunge: Indian Demand Weakens as Discounts Deepen Amid Global Volatility Gold prices saw a retreat from last week's surge as international spot rates slipped to a two-week low. This shift in global momentum has been keenly felt in the domestic market, leading to deepening discounts for buyers in India amid persistent price volatility. While local buying sentiment slows down, China remains stable, driven by significant counter-cyclical purchasing from its central bank.Deepening Gold Discounts Hit Indian Market Demand Domestic gold prices in India were reported trading around 144,800 rupees per 10 grams on Friday, following a previous week's high of 148,069 rupees. The softening sentiment led dealers to offer substantial discounts...

Key Management Change at BMB Music & Magnetics Ltd: Koshal Gupta Appointed as Company Secretary and Compliance Officer BMB Music & Magnetics Ltd has completed a transition in its secretarial roles following a board meeting held on July 10, 2026. The company announced the appointment of Mr. Koshal Gupta as the new Company Secretary and Compliance Officer (Key Managerial Personnel), effective from July 10, 2026. This appointment fills the vacancy created by the resignation of Mr. Prateek Bhansali.Mr. Koshal Gupta was appointed to the position after affirming that he is not debarred from holding the office of CS and Compliance Officer by virtue of any order of SEBI or any such authority. In addition to his secretarial duties, Mr. Gupta's...

Millworks Tech IPO GMP Crosses 100%, Signaling Potential Blockbuster Debut Ahead of Listing The excitement surrounding the Millworks Technologies SME Initial Public Offering (IPO) has intensified as its Grey Market Premium (GMP) soared past the critical 100 percent mark. The Bengaluru-based company, which manufactures precision-machined components for key sectors like aerospace and rail transport, is set to offer a fresh equity issue next week.The Rs 160.34 crore SME IPO is scheduled to open for public subscription on July 14 and close on July 16. The fixed price band for the shares has been set at Rs 315-331 per share, with each lot size comprising 400 shares.Skyrocketing Grey Market Premium Signals Investor Confidence Tracking...

Kalyan Jewellers Surges 34%: Brokerage Reaffirms Bullish Stance Amid Strong Q1 Growth and Expansion Plans Kalyan Jewellers shares continued its impressive upward trend on Friday, rallying for the third consecutive session. The stock extended significant gains, showing a nearly 34 percent rally over three days. This strong performance follows Citigroup's reaffirmation of its 'Buy' rating, with the brokerage maintaining a target price of Rs 750 per share.The stock settled at Rs 480 on Friday, marking an increase of over 8 percent for the day. The company's market capitalization soared to Rs 49,571.53 crore. This robust rebound has positioned Kalyan Jewellers significantly stronger than its peers, narrowing losses realized earlier this...

Vikran Engineering Ltd Approves Up To ₹3,400 Crore Corporate Guarantee for Subsidiaries The Board of Directors of Vikran Engineering Limited has approved significant financial support measures for its Wholly-Owned Subsidiaries, including a corporate guarantee facility and a substantial infusion of promoter capital. These decisions were ratified during the Board Meeting held on July 10, 2026.The company authorized the issuance of Corporate Guarantee(s) aggregating up to ₹3,400 Crores in favor of its Wholly-Owned Subsidiaries (WOS). This guarantee is designed to assist the subsidiaries in securing credit facilities from various banks, financial institutions, and other lenders. These facilities are intended for the development and...

Superior Industrial Enterprises Limited Announces Resignation of Company Secretary and Compliance Officer Superior Industrial Enterprises Limited has announced the resignation of Ms. Muskaan Suhag from her role as Company Secretary and Compliance Officer (Key Managerial Personnel). The change is effective starting August 7, 2026.Ms. Muskaan Suhag, a qualified Company Secretary holding Membership No. A75927, tendered her resignation for the position at Superior Industrial Enterprises Limited.The company stated that Ms. Suhag's decision to step down was motivated by pursuing better career opportunities and prospects for future growth.During the transition period, management affirmed that she would extend full cooperation to ensure a...

Technojet Consultants Ltd Schedules Board Meeting to Review Q1 Unaudited Financial Results Technojet Consultants Limited has scheduled a meeting of its Board of Directors to consider and approve the company's Unaudited Financial Results for the quarter ending June 30, 2026.The Board Meeting is set to take place on Wednesday, July 15, 2026. The primary purpose of the gathering is to review the financial performance corresponding to the first quarter of the fiscal year ended June 30, 2026.Stock Price Movement Technojet Consultants Ltd. shares settled on Monday, ticking up by ₹4.74, or 5.00%, closing at ₹99.54. The stock maintained a completely flat trading profile for the day, with its high and low remaining fixed at ₹99.54.

Umiya Buildcon Reports Q2 Results: Standalone Profit Stands at 236.90 Lakhs Amid Segmental Variances Umiya Buildcon Limited, formerly MRO-TEK Realty Limited, announced its unaudited financial results for the quarter ended June 30, 2026. The company held a Board meeting on July 10, 2026, to consider and approve these results.The results show varying performance across the company's operational segments. Standalone data indicates a Net Profit of 236.90 Lakhs for the quarter ended June 30, 2026, while the consolidated entity reported a Net Profit of 23.60 Lakhs for the same period.Financial Highlights (Standalone) The company's standalone operations registered Total Income of 1,844.29 Lakhs in the quarter ending June 30, 2026, compared...

<h1>UFLEX Limited Appoints Mr. Arun Kumar Sharma as Chief Financial Officer</h1>UFLEX Limited has appointed Mr. Arun Kumar Sharma as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP). The appointment was confirmed by the company's Board of Directors, effective from July 10, 2026.Mr. Sharma is set to assume the role of President (Finance & Accounts) and CFO at the company. His appointment marks the strengthening of UFLEX Limited's senior finance leadership structure.The company released detailed information regarding Mr. Sharma’s profile and the newly authorized KMPs under the appointment. Mr. Arun Kumar Sharma is a qualified Chartered Accountant with over 35 years of overall experience in Finance. Previously...

Maple Infrastructure Trust Unitholding Pattern Reported as of June 30, 2026 The unitholding pattern for Maple Infrastructure Trust, formerly known as Indian Highway Concessions Trust, was reported as of June 30, 2026. The report details the composition of unit holdings across various categories, showing a specific distribution between Sponsor & Sponsor Group and Public Holding.Analysis of the unitholding data indicates that the Sponsor and Sponsor Group hold 75.00% of the total outstanding units. The remaining 25.00% is allocated to public holding.The ownership structure across various categories is detailed in the following table:CategoryTotal Units HeldPercentage of Total Outstanding UnitsSponsor and Sponsor Group...

NCLT Orally Approves Resolution Plan for SAB Events & Governance Now Media in Insolvency Process SAB Events & Governance Now Media Limited announced on July 10, 2026, that the National Company Law Tribunal (NCLT), Mumbai Bench, orally pronounced an Order approving its resolution plan. This approval pertains to the company's Pre-Packaged Insolvency Resolution Process (PPIRP).The NCLT’s decision aligns with Section 54L and other applicable provisions of the Insolvency and Bankruptcy Code, 2016, read in conjunction with the Insolvency and Bankruptcy Board of India (IBBI) Pre-Packaged Insolvency Resolution Process Regulations, 2021.While the resolution plan has received oral approval from the esteemed tribunal, the company confirmed...

Powerica Secures 50MW Wind Project Bid from GUVNL in Competitive Auction Powerica Limited, an established player in power solutions and renewables, has secured a bid for a significant wind power project through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The company was selected to undertake the 50 MW grid-connected Wind Power Project.The electronic reverse auction, which provided the opportunity for competitive bidding among participants, concluded on July 09, 2026. During the process, Powerica’s discovered tariff was ₹3.51 per unit, marking a 2.77% variance when compared to the tender start-price. The company anticipates that the Letter of Award (LOA) will be granted within the timeframe specified in...

Uttam Sugar Mills Limited Completes Redemption of Preference Shares Uttam Sugar Mills Limited has successfully redeemed a portion of its redeemable preference shares, following a decision made by its Preference Share Redemption Committee. The redemption was completed after a meeting held by the company's Board of Directors on July 1, 2026.The company conducted the redemption process covering two specific tranches of non-cumulative preference shares. As part of this financial event, Uttam Sugar Mills Limited settled the following:43,600 Non-Cumulative Redeemable Preference Shares, each valued at Rs. 100, corresponding to a 6.500% rate. 9,000 Non-Cumulative Redeemable Preference Shares, also priced at Rs. 100 per share, which carried...