Markets

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...

Amco India Ltd. Schedules Board Meeting for Q2 Results Approval; Imposes Insider Trading Restrictions Amco India Ltd., a manufacturer of PVC Films, Sheetings & Aluminium Foil, has announced a board meeting to consider and approve its unaudited financial results for the quarter ended on June 30, 2026. The company has also declared specific trading window restrictions in line with its code of conduct.The Board of Directors meeting is scheduled for Wednesday, July 22, 2026, at the company’s Corporate Office located in Noida, Uttar Pradesh. The primary agenda item for the meeting is the consideration and approval of the unaudited Financial Results for the quarter ended on June 30, 2026.In addition to the financial review, Amco India...

Airtel Strengthens Network Readiness Across Odisha Ahead of Puri Rath Yatra Bharti Airtel, a leading telecommunications provider in India, has announced the successful completion of a comprehensive network enhancement program throughout Odisha, specifically focusing on ensuring uninterrupted service during the major Puri Rath Yatra.Recognizing the substantial surge in voice and data traffic expected during the annual festival, Airtel proactively fortified its network infrastructure across Puri. The enhancements cover all significant road and rail corridors leading to the holy city, equipped with 5G technology. This preparation aims to effectively manage anticipated demand and guarantee reliable high-speed data and voice connectivity...

International Gemological Institute Limited Appoints Mr. Manu Sharma as Chief Operating OfficerInternational Gemological Institute Limited has appointed Mr. Manu Sharma to the role of Chief Operating Officer and Senior Management Personnel, effective July 14, 2026. The company's Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee.Mr. Sharma is set to take up the position as part of International Gemological Institute Limited’s senior management structure.The appointment comes after Mr. Sharma has demonstrated over 20 years of leadership experience across retail, brand management, and business growth initiatives. His professional background includes serving as Group...

Saatvik Green Energy Stock Surges as Motilal Oswal Initiates 'Buy' Coverage; Target Price Signals Major Upside Saatvik Green Energy shares saw a significant rally on Tuesday after brokerage firm Motilal Oswal initiated coverage with a ‘Buy’ rating. The stock climbed more than 7 percent in trade, reflecting the strong conviction placed by the financial institution in the company's growth trajectory.Stock Performance and Market Reaction The share price of Saatvik Green Energy surged to Rs 483.30 on the NSE during the session. While later some profit booking was observed, the stock maintained a robust performance, trading at Rs 473.65 by approximately 12:15 p.m., marking an appreciation of 5.43 percent.Motilal Oswal's Analyst View and...

Bikaji Foods Announces Board Meeting to Approve Q1 Financial Results and Reports Trading Blackout Period Bikaji Foods International Limited has announced a forthcoming Board meeting where the company is scheduled to approve its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The board is also set to take on record the Limited Review Report pertaining to these financial results.The meeting of the Directors is slated for Wednesday, August 05, 2026, with the primary agenda items focused on reviewing and approving the company's performance during the first quarter of the fiscal year ending June 30, 2026.In addition to the corporate governance matters, Bikaji Foods also provided an update...

SoftBank CEO Masayoshi Son Slams 'Bubble' Claims: AI Will Demand $5 Trillion Annual Investment by 2040 Visionary Bet on AI Dominance SoftBank Group CEO, Masayoshi Son, vehemently dismissed concerns over an "AI bubble," stating that the development of artificial intelligence will require a massive annual investment of $5 trillion by the year 2040. Speaking at SoftBank's annual corporate conference in Tokyo, Son asserted his confidence that this expenditure is necessary and justifiable as AI technology evolves.The CEO shared insights into SoftBank’s expansive strategy, noting that the company has committed significant capital to establish itself as a core player in the AI ecosystem. This includes major investments into OpenAI, strategic...

Avio Smart Market Stack Partners with Government of Tripura to Establish Fruit and Vegetable Freeze-Drying Facility Avio Smart Market Stack Limited has signed a Memorandum of Understanding (MoU) with the Government of Tripura to establish a state-of-the-art freeze-drying facility for fresh fruits and vegetables. This initiative aims to significantly strengthen the agro-processing infrastructure and create sustainable livelihood opportunities within Northeast India.The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," is designed to address post-harvest losses by utilizing advanced freeze-drying technology. By preserving produce for extended periods, the facility will help farmers unlock greater value...

Osiajee Texfab Reports Consolidated Net Profit of ₹554.75 lakh as It Pivots Towards Real Estate and Agro-Forestry Osiajee Texfab Limited, a listed entity, has completed a strategic transformation in its business model, reporting consolidated financial results that reflect diversification into the real estate and agro-forestry sectors. The Company is solidifying its commitment to long-term sustainable growth by leveraging asset-backed businesses while scaling up its agricultural operations through its subsidiary, Osiajee Agro Farms Limited.The audited consolidated financial results for the fiscal year ended March 31, 2026, demonstrate a strengthened balance sheet and improved profitability across key metrics compared to FY 2024-25...

Jubilant FoodWorks Faces GST Show Cause Notice Proposing INR 46 Crore DemandJubilant FoodWorks Limited is contesting a Show Cause Notice (SCN) received from the Goods and Services Tax (GST) Department, which proposes a significant demand of INR 46,90,96,051. The SCN relates to the GST returns filed for the Financial Year 2026-27.The regulatory communication, dated July 13, 2026, alleges issues regarding the Input Tax Credit (ITC) reversal process during the filing of the company’s GST return. Specifically, the SCN concerns the alleged incorrect presentation or classification of the ITC reversal.Jubilant FoodWorks has stated that it is in the process of filing detailed objections with the GST Department within the stipulated...

Supreme Infrastructure India Limited Reports Audited Financial Results for Quarter Ending March 31, 2026 Supreme Infrastructure India Limited released its audited financial statements (both Standalone and Consolidated) for the quarter and financial year ending March 31, 2026. These results were approved by the company's Board of Directors in a meeting held on July 09, 2026.The financial outcomes reflect both operations and balance sheet movements across various periods reported. The consolidated statements provide data points ranging from earlier periods (March 2025) through the latest audited figures for March 2026.Key financial metrics across the reporting periods are detailed in the following table, with all amounts presented in...

WPI Jumps to 9.87% as Food and Fuel Prices Rise; Manufacturing Output PPI Reaches 109.9 Wholesale Price Index (WPI) Surges on Input Costs and Commodity Climbs The All India Wholesale Price Index (WPI), provisional for June 2026, has recorded a sharp increase, reaching 9.87 per cent year-on-year (YoY). This marks an acceleration from the 9.68 per cent rate observed in May 2026. The overall commodity index stood at 110.2 in June 2026, moving up marginally from 109.9 recorded in May 2026.The rise is largely attributed to major inflationary pressures across several sectors. Key contributors driving the WPI hike included Mineral Oils (containing Petroleum Products), Food Articles, the Manufacture of Basic Metals, and the Manufacturing of...