Markets

Lactose India Ltd Receives Reaffirmed BBB-/Stable Credit Rating for Enhanced Bank Loan Facilities Lactose India Ltd has received a reaffirmed credit rating from CRISIL Ratings Limited regarding its long-term bank facilities. The review reflects an enhancement in the total rated loan facilities, which now stand at Rs. 90 Crore, up from the previous figure of Rs. 60 Crore.The company's Credit Rating Agency is CRISIL Ratings Limited for Long Term Bank Facilities. The rating assigned to Lactose India Ltd remains stable following the reaffirmation by CRISIL Ratings.Key details of the credit rating are as follows:ParticularsDetailsCredit Rating AgencyCRISIL Ratings LimitedType of Instrument / FacilityLong - Term Bank Facilities...

Laser Power IPO Allotment Today: See How This 38x Oversubscribed Stock is Posing in Grey Market The allotment process for the Laser Power & Infra Initial Public Offering (IPO) commences today, July 14. The issue, which was open from July 9 to July 13, witnessed a strong investor response across all application categories. The Rs 742 crore public issue garnered an impressive subscription of 38.94 times, with institutional investors driving the majority of the overwhelming demand.Subscription Snapshot and Category Demand The sheer scale of interest in Laser Power & Infra was evident in the booking statistics. A total of 99,63,24,700 shares were bid for against a limited supply of 2,55,86,207 shares. This highlights the fierce...

Unihealth Launches Eye Care and Ophthalmology Services at Uganda Hospital; Consolidating Ownership of Asset Unihealth Hospitals Limited, an integrated healthcare delivery platform operating across India and East Africa, has commissioned a dedicated Eye Care and Ophthalmology Department at UMC Victoria Hospital in Kampala, Uganda. The launch marks a significant move to expand specialized healthcare access in the region, following strategic corporate developments concerning the hospital's ownership structure.The new department has completed its first cohort of cataract surgeries, all reported as successful and complication-free. This operational milestone is part of Unihealth’s broader strategy to strengthen UMC Victoria Hospital into a...

DSM Fresh Foods Completes Acquisition of Avyom Foodtech, Making It a Wholly Owned Subsidiary DSM Fresh Foods Limited has successfully completed the acquisition of Avyom Foodtech Private Limited. Following this completion, the company now holds 100% of the paid up equity share capital of Avyom Foodtech Private Limited, establishing it as a wholly owned subsidiary.The transaction represents a strategic move for DSM Fresh Foods Limited aimed at strengthening its presence within the food processing and allied sector. The acquisition was completed through cash consideration, with the cost reported as 1 Lakh (Rupees One Lakh only). This deal results in Avyom Foodtech becoming a wholly owned entity of DSM Fresh Foods Limited.Avyom Foodtech...

Dhampur Bio Organics Reports Unaudited Quarterly Results; Approves Internal Auditor Appointment Dhampur Bio Organics Ltd. has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed these results, decided not to declare an interim dividend, and approved the appointment of a new internal auditor for the financial year 2026-27.The results reflect the continuing operations of the company alongside the performance metrics related to discontinued operations following the sale of one of its sugar manufacturing undertakings.Key Financial Performance Highlights (Quarter ended June 30, 2026) The company's consolidated financial statement shows a total...

PC Jeweller Shares Rise After Board Agrees to Explore QIP for Strategic Growth Funding Shares of PC Jeweller saw a slight uptick on Tuesday after the company announced that its board of directors would convene later this week to consider raising capital through a Qualified Institutions Placement (QIP). This development signals a strategic move by the jewellery firm to bolster its growth trajectory.On the National Stock Exchange (NSE), the company's shares were trading at ₹9.93 per share, showing a marginal gain of 0.10 percent as of around 12:35 p.m. The market reaction reflects investor anticipation surrounding the potential fundraising opportunity.Details of Proposed Qualified Institutions Placement (QIP) In a formal regulatory...

Wholesale Inflation Surges to Two-Year High as Food Prices Ignite Producer Costs Wholesale inflation (WPI) climbed significantly to 9.87 percent in June, marking the highest level recorded in over two years. This escalation is primarily driven by a sharp surge in food costs and accelerated prices across primary articles. While fuel inflation showed some moderation compared to May, persistent pricing pressures within manufacturing continue to place stress on producer prices.The WPI figure represents a notable increase from the 9.68 percent recorded in May, making June the sixth consecutive month of rising wholesale costs. A detailed examination of the Wholesale Price Index (WPI) data reveals that inflationary momentum has broadened...

Rajshree Polypack Limited Secures International Order Worth USD 0.09 Million Rajshree Polypack Limited has secured a significant order from an international entity. The company manufactures plastic rigid sheets and thermoformed packaging products, and the new contract involves supplying specialized packaging goods.The order is classified as a repeat business transaction from the customer, who is described as a leading supplier of catering and janitorial disposables based in the UK. The material pertains to the supply of plastic articles made from PET or Polypropylene.Key details regarding the international order include:ParticularsDetailsName of the entity awarding the orderUK based leading supplier of catering and janitorial...

CG Power and Industrial Solutions Ltd Announces Board Meeting for Q1 Financial Results Approval CG Power and Industrial Solutions Limited has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the first quarter of the fiscal year.The Board meeting is set to take place on Friday, July 24, 2026. During this meeting, the company intends to consider and approve the Unaudited Financial Results based on both Standalone and Consolidated accounts for the first quarter ended June 30, 2026.In addition to the corporate meeting, the company has maintained that the trading window for securities of the company remains closed for Designated Persons. This restriction period will continue up to 48...

Accelya Solutions India Ltd to Hold Board Meeting for Financial Results and Dividend Recommendation Accelya Solutions India Limited has scheduled a meeting of its Board of Directors to review the audited financial results for the quarter and year ending 30 June, 2026. The board meeting is set to take place on Wednesday, 29 July, 2026.The primary focus of the meeting will be considering the audited standalone and consolidated financial results for the period. Additionally, the Board is scheduled to recommend a final dividend, if any.ACCELYA Stock Price Movement As of 12:43 PM, shares of Accelya Solutions India Limited are slipping by 1.26%, trading at ₹1,116.7 as the company moves in live market trading. The stock has seen a volume...

Veranda Learning Solutions Ltd Allots 30,122 Shares Under Employee Stock Option Plan 2022 Veranda Learning Solutions Ltd has reported the allotment of 30,122 equity shares following the exercise of stock options under its Employee Stock Option Plan 2022. The allotment was finalized by the company's Allotment Committee during a meeting held on July 14, 2026.The issuance relates to eligible grantees exercising their stock options, and all shares allotted will rank pari passu with the company's existing equity shares.Capital Structure Update Post Allotment The allotment, which pertains to the Veranda Learning Solutions Limited - Employee Stock Option Plan 2022, resulted in an increase in the paid-up share capital of the company. The...

Nandan Denim Enters Share Transfer Agreement for Captive Wind and Solar Power Project Nandan Denim Limited has finalized a significant share transfer cum Shareholders' Agreement aimed at securing wind and solar power under an applicable captive power route. The transaction involves the purchase of equity in Opera Vayu (Narmada) Private Limited, working alongside Shivman Wind Energy Private Limited, which serves as the Promoter and Project Implementer.The agreement follows a previous intimation provided by Nandan Denim regarding related developments. Through this acquisition, Nandan Denim fortified its position in renewable energy infrastructure.On July 13, 2026, Nandan Denim acquired 40,02,096 equity shares of Opera Vayu (Narmada)...

TCS Secures Massive Tech Deal to Build Digital Backbone for JFK's New Terminal One Tata Consultancy Services (TCS) has been named the technology and innovation partner for New Terminal One at John F. Kennedy (JFK) International Airport in New York. This significant contract marks another large-scale infrastructure transformation deal for India's leading IT services company. TCS will be responsible for building the entire digital backbone of the new international terminal.Scope of TCS Partnership at JFK Airport Under this high-profile partnership, TCS will deploy advanced solutions across multiple facets of airport operations. The scope includes supporting passenger processing systems and infrastructure management. Furthermore, the...

Aviation and Tyres Plunge as Crude Hits One-Month High Amid Heightened Middle East Tensions Shares across oil-linked sectors, including aviation, tyre manufacturers, and Oil Marketing Companies (OMCs), traded significantly lower on Tuesday. The market sell-off was directly attributed to crude oil prices climbing sharply to a one-month high following renewed geopolitical tensions in the Middle East. Investors are aggressively factoring in the massive rise in energy costs, leading to substantial losses across several key stocks.Crude Spike Fuels Stock Sell-Off in Energy and Automotive Brent crude futures climbed above $85 per barrel, reaching its highest level since mid-June. This surge followed a critical decision by the United States...

Dai-Ichi Karkaria Ltd Announces 66th AGM, Recommends Dividend, and Sets E-voting Dates Dai-Ichi Karkaria Ltd has announced key details regarding its upcoming 66th Annual General Meeting (AGM), dividend distribution for the financial year ended March 31, 2026, and the schedule for electronic voting.The Company will hold its 66th AGM on Thursday, August 27, 2026. The meeting is scheduled to be conducted through Video Conferencing or other Audio Visual means. To determine entitlement to the final dividend for the financial year ended March 31, 2026, the Record Date has been set as Thursday, August 20, 2026.The Board of Directors had recommended a dividend amounting to 15% of the face value. This translates to Rs. 1.50 per equity share...

Godawari Power Suspends Operations at Iron Ore Pellet Plant Due to Gas Supply Curtailment Godawari Power And Ispat limited has temporarily suspended operations at its 2.0 Million Tonne Per Annum (MTPA) Iron Ore Pellet Plant located in the Siltara Industrial Area, Raipur, Chhattisgarh. The suspension was effective from July 14, 2026.The decision to halt production stems primarily from the curtailment of contracted gas supplies by GAIL. This supply issue arose following the withdrawal of the Natural Gas (Supply Regulation) Order, 2026, and is attributed to a Force Majeure situation communicated by upstream suppliers.Further compounding the operational difficulty are economic factors related to input costs. The company noted that...

Board Meeting Scheduled to Discuss Director Remuneration, 40th AGM Notice and Book Closure for Twentyfirst Century Management Services Ltd Twentyfirst Century Management Services Limited has scheduled a Board meeting to address several key corporate resolutions, including approving remunerations for its directors, ratifying the notice of its 40th Annual General Meeting (AGM), and confirming book closure dates. The meeting is set to be held on Thursday, July 23, 2026, via Zoom Video Conferencing.Among the critical agenda items slated for discussion is the continuance and revision of director remuneration. The Board is expected to consider approving the continuation of Rs. 60 lacs per annum in remuneration for Shri Sundar Iyer, who...

Adani Energy Solutions Receives ESG Rating from Crisil ESG Ratings & Analytics Limited Adani Energy Solutions Ltd has received its updated Environmental, Social, and Governance (ESG) rating from Crisil ESG Ratings & Analytics Limited. The rating reflects the company's commitment to sustainable practices and operational transparency.Crisil ESG Ratings assigned a specific score to Adani Energy Solutions based on their assessment of corporate sustainability metrics.The details of the assigned ESG rating are as follows:Rating AgencyRating ScoreRating SymbolRating actionCrisil ESG Ratings & Analytics Limited65 / 100Crisil ESG 65AssignedThe assignment of this ESG rating underscores the company's ongoing focus on integrating...

Prabha Energy Notifies First and Second Final Call for Rights Issue on Partly Paid-up Equity Shares Prabha Energy Limited has issued a Reminder Cum Second and Final Call Notice to shareholders holding partly paid-up equity shares from its rights issue. The company has stipulated the payment details for both calls, setting August 11, 2026, as the final deadline for the dues.The rights issue was launched following a Letter of Offer dated March 05, 2026, where eligible shareholders were allotted partly paid-up Equity Shares at an Issue Price of ₹144.00 per share. The company had previously received application money totaling ₹48.96 per partly paid-up equity share (comprising ₹0.34 towards paid-up value and ₹48.62 towards premium), with...

Veranda Learning Solutions Sets Date for 8th Annual General Meeting; Independent Director Resigns Veranda Learning Solutions Ltd announced key decisions following its Board of Directors meeting held on July 14, 2026. The company fixed the date for its upcoming general meeting and addressed changes in its board composition regarding an independent director.The Board determined that the 8th Annual General Meeting (AGM) for the financial year ending March 31, 2026, will be held on Thursday, August 06, 2026. The AGM is scheduled to be conducted through Video Conferencing (VC) or other Audio-Visual Means (OAVM).Board Composition Update The company also took note of the resignation of Ms. N. Alamelu (DIN: 07921583), an Independent...