Markets

Manaksia Coated Metals & Industries Reports Strong Q1 FY27 Results; PAT Surges 162% QoQ Manaksia Coated Metals & Industries Limited (MCMIL) announced its financial results for the first quarter of Fiscal Year 2027, approved by the Board of Directors on July 14, 2026. The company reported a significant surge in Profit After Tax (PAT), robust growth in EBITDA, and increased revenue as part of its strong operational execution despite challenging global market conditions.The results highlight improved profitability and core operational strength across the industry, with EBITDA per ton reaching an all-time high of Rs. 10,401 / MT.Financial Performance Snapshot (Consolidated) MCMIL reported substantial growth in key financial metrics...

India Ratings Affirms Waa Solar Ltd's Bank Loan Facilities with IND BBB+/Stable Rating Waa Solar Ltd has received a credit rating from India Ratings & Research Private Limited, affirming its existing bank loan facilities. The rating was issued on July 13, 2026, and assigned an overall rating of 'IND BBB+/Stable/IND A2+' for the company's total facility.The assessment by India Ratings & Research resolved a previous Rating Watch related to Waa Solar Ltd's bank loan facilities. The ratings cover various instruments issued with State Bank of India.According to details provided by India Ratings, the corporate entity maintains secured financing arrangements across multiple instruments. Key findings from the rating include...

Moody's Affirms Stability: SBI and HDFC Banks Cement Strong Asset Quality as Ratings Stand Firm Moody's Ratings on Tuesday affirmed the ratings of State Bank of India (SBI) and HDFC Bank, maintaining a stable outlook based on their strong asset quality. The reaffirmation of both institutions highlights the robust financial health and stability within India's banking sector.In separate statements, Moody’s confirmed the 'Baa3' long-term deposit rating and the 'baa3' Baseline Credit Assessment (BCA) and adjusted BCA for the state-owned SBI and the private sector HDFC Bank.Assessing State Bank of India's Financial Strength Moody's noted that SBI’s rating affirmation with a stable outlook reflects its large and diversified lending...

Bengaluru Office Leasing Plummets by 21% as Corporates Delay Decisions Amid Global Uncertainty Bengaluru Market Experiences Significant Decline in Workspace Leasing Bengaluru, identified as India's leading office market, reported a sharp contraction in gross leasing activity for workspaces during the January to June period. Gross leasing in Bengaluru fell by 21 percent, recording 9.37 million sq ft of leased space in the first half of the year (H1). This was down from 11.79 million sq ft recorded in the corresponding period of the previous year.This downturn reflects cautious corporate sentiment and delayed decision-making among corporations operating globally. JLL, a real estate consultant, highlighted that these figures reflect all...

Organic Coatings Ltd Announces Key Appointments, Auditor Changes, and Strategic Approvals Organic Coatings Limited, a manufacturer of printing inks and allied products, announced several significant corporate decisions following its Board meeting held on July 14, 2026. The board approved key appointments in the audit function, welcomed two new Independent Directors to the board, and finalized several strategic operational approvals.Among the most notable changes in governance was the appointment of Mr. Ramanathan Ganesh (DIN 00016260) and Mr. Subhash Ambubhai Patel (DIN: 00535221) as Additional Directors in the category of Non-Executive Independent Director, effective from July 14, 2026.Mr. Ramanathan Ganesh, who has over four...

Surat Trade and Mercantile Ltd to Hold EGM; Approves Director Re-appointment and Increased Investment Limits Surat Trade and Mercantile Ltd (STML) has announced several key resolutions following a Board Meeting held on July 14, 2026. The company scheduled its First Extra Ordinary General Meeting (EGM) for the Financial Year 2026-27 to address matters including director re-appointment, enhanced financial limits, and ratification of Material Related Party Transactions.The EGM is set to take place on Monday, August 10, 2026, utilizing a Video Conferencing (VC) or Other Audio Visual Means (OAVM). The cut-off date for the EGM has been fixed as July 18, 2026.Appointments and AuthorizationsThe resolutions scheduled for approval at the...

Cybertech Securities Confirmed Following Dematerialization Process for Quarter Ended June 30, 2026Securities of Cybertech Systems And Software Limited have been confirmed following their dematerialization process for the quarter ended June 30, 2026. This confirmation was provided by MUFG Intime India Private Limited regarding the securities received from depository participants.The review confirms that the securities intended for dematerialization were either accepted or rejected by the depositories. Furthermore, the security certificates that were submitted for processing have undergone due verification by the depository participant and were subsequently mutilated and cancelled.The process ensures compliance with record keeping...

Bannari Amman Announces Rs 0.25 Dividend and Key Dates for Annual General Meeting Bannari Amman Spinning Mills Limited has announced several critical dates related to its upcoming Annual General Meeting, proposed dividend, and remote e-voting process. The company shared details regarding book closure periods, voting schedules, and the payment date of the dividend.The 36th Annual General Meeting (AGM) is scheduled for Monday, August 10, 2026. To facilitate this meeting, the period for book closure has been set from August 4, 2026, to August 10, 2026.The company has proposed a dividend of Rs 0.25 per share, which represents 5% on the Equity Share Capital.To manage shareholder participation and voting, Bannari Amman Spinning Mills...

Ipca Laboratories Announces 76th Annual General Meeting and Recommends Dividend of Rs 6 Per Share Ipca Laboratories Ltd has announced the details for its 76th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM is scheduled to take place on Thursday, August 13, 2026, at 3:30 p.m., and will be conducted via Video Conferencing or other Audio Visual Means (VC/OAVM).The Company has released the Annual Report for the financial year 2025-26, which forms part of the AGM notice, in electronic format to registered members. The report is also available on the company website.Dividend and Key Dates The Board of Directors recommended a dividend of Rs 6 per share (representing 600%) for the financial year ended...

IBS Group Sets Market Readiness as AI Venture Drives Global Travel Tech Strategy Singapore-headquartered IBS Group, a leader in the global travel industry, has affirmed plans for an eventual stock market listing, emphasizing that the timing must be aligned with favorable market conditions. V K Mathews, Executive Chairman of the group, stressed that while the company is actively pursuing this goal, external market readiness remains the critical determinant.The group recently underscored its commitment to technological advancement by launching Naviq Technology, a purpose-built artificial intelligence (AI) vertical aimed at transforming the travel sector. This strategic move reflects the importance of domain expertise and the massive...

Peninsula Land Approves Material Related Party Transaction for Residential Project Development The Board of Directors of Peninsula Land Limited approved a material Related Party Transaction (RPT) following its meeting on July 14, 2026. The transaction involves Mr. Jaydev Mukund Mody and/or entities related to or nominated by him (collectively referred to as "JMM").The approval was granted subject to the subsequent approval of the shareholders of Peninsula Land Limited. This material RPT pertains to the end-to-end development and management by the Company of a residential project. The property intended for this development is owned by JMM, and the transaction will proceed on terms and conditions mutually agreed upon by both parties...

Can Fin Homes Announces Earnings Conference Call for Q1 FY27 Results Can Fin Homes Limited has organized an Earnings Conference Call to discuss its Q1 FY27 Un-Audited Financial Results. The conference call is set for Monday, July 20, 2026, and is managed by Investec Capital Services (India) Private Ltd.The event will feature the company's top management team along with the call leader from Investec India. Representing Can Fin Homes at the discussion will be Shri Suresh S Iyer, Managing Director and CEO, alongside other senior leaders including Shri Shailesh Kumar Singh, Deputy Managing Director; Shri Prakash Shanbhogue, President - Business; Shri A Uthaya Kumar, President - Assurance; and Shri Abhishek Mishra, Chief Financial Officer...

Mac Charles India Ltd details operations, highlights sustainability initiatives in FY2025-26 Mac Charles India Limited, established in 1979, operates within the specialized sectors of rental income and electricity sales. The company's operational profile for the financial year 2025-26 reflects a business mix predominantly focused on rentals while maintaining a significant presence in renewable energy operations.The entity’s principal activities are twofold: Sale of Electricity through windmill operations, accounting for 7.8% of turnover, and Rental Income, which constitutes the remaining 92.2%. All business activities are currently concentrated within Karnataka, with the company serving a Business to Business clientele base. The total...

Myanmar Airways International Launches Fully Wireless BYOD Platform for Inflight Entertainment Myanmar Airways International (MAI) has announced a strategic partnership with Aerohub and Aeroplay to introduce a fully wireless, bring-your-own-device (BYOD) onboard entertainment platform across its entire fleet. This rollout positions MAI as the first airline in Myanmar to implement such a system for passengers.The deployment utilizes Aerohub as the specialized wireless onboard entertainment platform provider, while Aeroplay Entertainment furnishes the curated IFE content. The system allows passengers to stream content directly to their personal electronic devices, including smartphones, tablets, and laptops. Access is facilitated...

Anand Rathi Approves Q2 Financial Results, Plans Up to Rs 500 Crore Capital Raise and UAE Expansion Anand Rathi Share and Stock Brokers Limited released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors reviewed these results and approved several key corporate initiatives, including plans for capital raising through Non-Convertible Debentures (NCDs) and the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates.The company’s board meeting on July 14, 2026, covered significant operational updates, material related party transaction approvals, and corporate policy revisions.Financial Performance Highlights for Q2 FY27 The unaudited standalone...

Rupee Plummets as Geopolitical Tensions and Soaring Oil Prices Drive Safe-Haven Frenzy The Indian rupee saw a significant decline, closing at 96.30 (provisional) against the US dollar on Tuesday. This depreciation came after depreciating by 62 paise from its previous closing level of 95.68. The weakness is primarily attributed to global concerns over supply disruptions and a sharp uptick in crude oil costs.Forex traders noted that the combination of rising geopolitical uncertainty and escalating energy prices created massive pressure on emerging market currencies like the rupee. The dollar index was reported trading at 101.07, marginally down by 0.16 per cent.Forex Markets React to Global Energy Concerns The rupee opened the day’s...

Ujaas Energy Completes 27th Annual General Meeting; Mrs. Geeta Mundra Appointed as Non-Executive Director and Chairman Ujaas Energy Limited held its 27th Annual General Meeting (AGM) on Tuesday, July 14, 2026, at the Company’s Registered Office in Indore. The meeting, which lasted from 4:15 P.M. to 5:00 P.M., included the deliberation and passing of several key resolutions concerning the company's financial status and leadership structure.The AGM was chaired by Mrs. Geeta Mundra. Directors present at the meeting included the management team, though Mr. Vikalp Mundra was noted as absent. Representatives from the Statutory and Secretarial Auditors were also in attendance. Sarvesh Diwan, Company Secretary and Compliance Officer, welcomed...

Nureca Ltd to convene Board Meeting for consideration of Q1 Un-audited Financial ResultsNureca Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the quarter ended June 30, 2026. The board meeting is set to take place on Tuesday, July 21, 2026.The purpose of the scheduled meeting is to consider and approve the company's financial performance. These results encompass both standalone and consolidated figures for the specified quarter.NURECA Stock Price Movement Nureca Limited shares surged today, closing at ₹275.07 after posting an 11.16% gain in a strong market session. The equity saw significant activity during trading, with a total volume of 504,015 shares recorded.

Daikaffil Chemicals India Approves Revised Consolidated Financial Results for FY2026; Cash Flow Statement Incorporated Daikaffil Chemicals India Ltd has approved its Revised Audited Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The revision was undertaken solely to incorporate the Consolidated Statement of Cash Flows, which was not included in the previously approved consolidated results.The Board of Directors confirmed that there were no changes whatsoever to the substance of the Audited Standalone Financial Results, which had been approved on May 28, 2026. The company’s statutory auditors, M/s N V C & Associates LLP, issued an unmodified opinion on these revised results.The company's...

India Post Shatters Records: Q1 Revenue Crosses ₹4,000 Crores as Transformation Accelerates The Department of Posts achieved a historic milestone in the first quarter of FY 2026-27, reporting revenue exceeding ₹4,000 crores. This massive achievement underlines the successful business transformation efforts underway at India Post, signaling a strong and positive trajectory for the postal network under Prime Minister Shri Narendra Modi's vision.The Department convened its Quarterly Business Review Meeting in New Delhi, chaired by Union Minister of Communications Shri Jyotiraditya M. Scindia. The meeting brought together Heads of Postal Circles across the country to review performance against ambitious national targets and deliberate on...