Markets

SBI Funds Management IPO: Massive Growth Trajectory Pushes Valuation, 'SUBSCRIBE' Rating Issued The debut of SBI Funds Management Ltd is generating considerable attention in financial markets, driven by its unparalleled scale and robust growth metrics. As a dominant player in India’s asset management space, the company presents a compelling case to investors ready to capitalize on stable market leadership. The issuance highlights the organization's formidable position across various investment segments.SBI AMC's Market Leadership and Scale SBI Asset Management Company (AMC) stands as India's largest asset manager. As of March 31, 2026, the company manages a substantial mutual fund QAAUM of ₹12.5 trillion, securing a strong 15.3%...

Metal Innovator Indo-MIM Cuts IPO Size by Halving Fresh Issue Amid Regulatory Changes Bengaluru-based Indo-MIM, a recognized global leader in metal injection molded products, has announced a significant reduction in its initial public offering (IPO) size. The company decided to halve the fresh issue component after filing an addendum to its draft prospectus, according to investor notices published on July 14, 2026.Indo-MIM had originally filed its Draft Red Herring Prospectus (DRHP) in September 2025 and secured approval from SEBI in December 2025. The initial plan detailed a fresh issue of shares valued at ₹1,000 crore alongside an offer for sale (OFS) comprising 12.96 crore equity shares by existing selling shareholders.IPO Offer...

Chavda Infra Secures ₹89.45 Crores Order for Residential Highrise Project Ahmedabad, July 14, 2026 — Chavda Infra Limited has received a Letter of Acceptance (LOA) from ADI Shantigram Abode LLP for constructing the core and shell of a proposed residential highrise building at Adani Shantigram Township in Ahmedabad. This new contract valued at ₹89.45 crores, excluding GST, significantly boosts the company's order pipeline.The receipt of this prestigious work order increases Chavda Infra Limited’s total unexecuted order book to approximately ₹813.90 crore as of the date, indicating strong revenue visibility for the civil construction firm. The project is scheduled for completion within 24 months.Chavda Infra Limited, an integrated...

Biocon Stock Soars as Massive Block Deal Clears Mylan Overhang, Jumps 6% in Pre-Open Trade Biocon Ltd. shares witnessed a significant surge on Tuesday after a substantial block deal transaction successfully cleared an overhang that had been weighing heavily on investor sentiment. The stock climbed sharply in the early trading session, with shares valued at approximately Rs 3,680 crore being exchanged.The company's stock advanced 5.6 percent to trade around Rs 434 in the morning market. This performance made Biocon the leading gainer within the BSE MidCap index on Tuesday. Furthermore, the stock has appreciated by 12.1 percent year-to-date, significantly outperforming the Nifty 50, which recorded a decline of 7.5 percent over the same...

Indian Toners & Developers Ltd. Holds 36th Annual General Meeting; Approves Dividend and Director Reappointments The Members of Indian Toners & Developers Limited convened their 36th Annual General Meeting (AGM) on Monday, July 13, 2026, at the company's registered office in Rampur. The meeting was chaired by Sh. Sushil Jain.The AGM proceedings included key attendees such as Shri Arun Kumar Garg, Chairman of the Audit Committee and Stakeholders Relationship Committee, Mr. Surya Pratap Singh, Chief Financial Officer, and Mr. Vishesh Chaturvedi, Company Secretary. Representatives from B.K. Shroff & Co., Statutory Auditors, along with Mr. Mukesh Agarwal, Scerctarial Auditors, and Mr. Varanasi [ari, Scrutinizer for e-Voting, were also...

Chavda Infra Secures ₹89.45 Crore Order for Residential Highrise Construction in Ahmedabad Chavda Infra Limited has secured a significant contract worth ₹89.45 crores (excluding GST) from ADI Shantigram Abode LLP. The order pertains to the construction of the core and shell structure for a proposed residential highrise building located at Adani Shantigram Township in Ahmedabad.The successful acquisition of this project further reinforces Chavda Infra Limited's strong revenue visibility, boosting its unexecuted order book to approximately ₹813.90 crore as of July 14, 2026.Project Details and Scope The contract outlines the construction specifications for a large-scale residential highrise building. The scope includes various levels...

OneSource Specialty Pharma and Formycon AG Announce Strategic Partnership for Biosimilar Manufacturing Bengaluru, India, July 14, 2026 - OneSource Specialty Pharma Limited, a multi-modality specialty pharma CDMO, and Formycon AG, an independent biosimilar developer headquartered in Munich, have announced a strategic manufacturing partnership focused on biosimilars.Under the terms of this collaboration, OneSource will function as a strategic manufacturing partner for Formycon. The partnership involves providing integrated Drug Substance (DS) and Drug Product (DP) manufacturing capabilities from OneSource's state-of-the-art biologics facility located in Bangalore. This joint effort combines Formycon's biosimilar development expertise...

Mining Giants Set to Surge: Caliber Mining & Logistics IPO Drops Offer Size Ahead of Market Debut Maharashtra-based coal mining and logistics provider, Caliber Mining and Logistics, has officially filed its Red Herring Prospectus (RHP) for a significant public offering. The company is planning to raise ₹400 crore through the sale of new shares in this Initial Public Offering (IPO).The IPO is scheduled to open on July 17, setting the stage for its market debut. It presents investors with opportunities across various investor categories, managed by merchant banker DAM Capital Advisors.IPO Details and Timeline Caliber Mining and Logistics has structured the public issue to attract a wide range of institutional and retail buyers. The...

Menon Bearings Ltd Announces Q1FY27 Post Results Conference CallMenon Bearings Limited has scheduled a Post Results Conference Call for its investors and analysts regarding the Un-Audited Financial Results of the company for the quarter ended 30 June, 2026. The event is set to take place on Friday, July 17, 2026.The management team will be present at the conference call. Attendees will be able to hear from Mr. Arun Aradhye, Managing Director, along with Mr. Aditya Menon and Mr. Anshul Menon of the Promoter Group.Details concerning the Q1FY27 Post Results Conference Call are as follows:EventDateTimeQ1FY27 Post Results Conference CallFriday, July 17, 20262:00 PM ISTThe conference call is scheduled to discuss the...

Tax Demand Issued to Natco Pharma Limited Over RCM Reporting Natco Pharma Limited has received an order from a regulatory authority regarding its audit conducted for the period spanning April 1, 2020, to December 17, 2024. The action relates to tax matters under the APGST and CGST Act, 2017.The order was passed on July 13, 2026, by the Assistant Commissioner (ST)(FAC), Tenali Circle, Tenali, Andhra Pradesh.The core of the matter involves a violation where the company allegedly reported a lower amount under the Reverse Charge Mechanism (RCM) in GSTR 3B. As a result of this finding, a tax demand has been raised against Natco Pharma Limited.Financial details of the demand include:Tax Demand: Rs. 21,34,729/- Interest Imposed: Rs...

Industrial & Prudential Investment Company Ltd. Recommends 1200% Final Dividend Ahead of 110th Annual General MeetingIndustrial & Prudential Investment Company Limited announced key corporate activities, including the scheduling of its 110th Annual General Meeting (AGM) and the recommendation of a substantial final dividend for shareholders.The company has scheduled its 110th AGM to be held on Thursday, August 20, 2026, at 11:30 A.M. (IST). The meeting will be conducted via Video Conferencing or other Audio Visual Means (VC/OAVM).Prior to the general meeting, the Board of Directors, in its meeting held on May 22, 2026, recommended a final dividend amounting to Rs. 120 /- per equity share. This proposed dividend equates to 1200% of...

IC Electricals Secures ₹4.89 Crore Export Order from US Customer via SubsidiaryNew Delhi, July 14, 2026: IC Electricals Company Limited, a provider of turnkey railway electrification solutions and a manufacturer of railway electrical and electronic equipment, has secured an export purchase order worth USD 5,10,000 (approximately ₹4.89 Crore). The order was awarded by a customer based in the USA to M/s Safe Coils India Private Limited, a subsidiary of IC Electricals Company Limited.The successful transaction significantly bolstered the company's international standing. With this new order, IC Electricals' total unexecuted export order book now stands at USD 1,800,000 (approximately ₹17.20 Crore). This figure reflects a growth...

Vraj Iron Surges Up to 11% as Momentum Stocks Blast Past Moving Averages Amid Technical Breakouts In a market environment lacking clear fundamental catalysts, several stocks have aggressively driven positive price momentum. These stocks are continuing strong upward trends, demonstrating powerful technical breakouts and sustained buying interest irrespective of broader market sentiment.Strong Performers Drive Technical Rally in Select Sectors Vraj Iron &steel led the momentum charge today, surging 11.54% to reach Rs 133.45. This massive gain positions the stock significantly above its key moving averages, including the 30-day (Rs 119.64), 50-day (Rs 122.33), and 200-day (Rs 128.86) SMAs, signaling extremely bullish technical...

Global Gold Inches Higher Amid Ceasefire Talks Failure; Precious Metal Outlook Hinges on US Inflation Data Bullion markets saw marginal gains in early trading today, with gold prices rising slightly. This movement occurred despite renewed pressure following the collapse of US-Iran ceasefire negotiations, an event that had previously fueled a strengthening dollar and weighed down precious metal prices. Investors remain cautious as they await crucial economic indicators this evening.International Gold and Silver Trends On the international front, spot gold managed a 0.42 percent increase, trading at $4,022.60 per ounce during the morning trade on Comex. Meanwhile, silver traded flat at $57.97 per ounce in global markets. These movements...

Titan Company Ltd Receives Income Tax Penalties Across Two Assessment Years Titan Company Ltd has received penalty orders from the Income Tax Department concerning its income tax assessments for Assessment Years 2017-18 and 2019-20. The company has confirmed that it is in the process of filing an appeal against these orders.The penalties were imposed by the Assessment Unit, Income Tax Department, under Section 270A of the Income Tax Act, 1961, related to adjustments made on assessment orders concerning the reporting of income. The amounts pertaining to these penal provisions are detailed below:Assessment YearPenalty AmountBasis for Penalty2017-18INR 56.67 LakhsAdjustment on assessment order (Reporting of Income)2019-20INR...

Bond Yields Surge as Geopolitical Tensions Push Crude Prices Higher Indian bond yields rose four basis points (bps) on July 14th, amid escalating global concerns regarding Brent crude oil prices and hawkish commentary from the US Federal Reserve. These factors significantly dampened investor sentiment for the fixed-income market.Escalating Geopolitics Fuel Oil Price Surge The surge in commodity prices was directly linked to heightened geopolitical tensions involving Iran and the United States. The US military conducted fresh strikes on Iran, prompting retaliation from Tehran. President Donald Trump subsequently reinstated the blockade on Iranian shipping and demanded a 20 percent reimbursement on other cargo transiting the waterway...

Sensex Plunges, Nifty Falls Amid Escalating US-Iran Tensions and Oil Price Spike The benchmark indices experienced a downturn on Tuesday as geopolitical instability in West Asia heightened market anxieties. Rising tensions between the United States and Iran created uncertainty regarding global energy flows, significantly impacting stock markets across the board. Investors saw significant corrections in both Sensex and Nifty amid these escalating concerns.Market Indices Decline Amid Geopolitical Headwinds The Sensex and Nifty traded lower on Tuesday as rising West Asia tensions drove down valuations. The market movements were directly attributed to heightened risks stemming from the ongoing US-Iran dynamic. These developments caused...

PDS Surges 11% on Mega Contract Win; Nuvoco Vistas Rockets as Q1 Profits Jump Several stocks commanded investor attention on July 13th following crucial corporate announcements ranging from significant contract wins to quarterly earnings reports and strategic business updates. These developments are serving as key catalysts, driving differentiated market reactions across various sectors.PDS Secures Major Global Sourcing Contract, Stock Jumps PDS shares witnessed a robust ascent, climbing 11% after the company successfully secured a substantial sourcing agreement. This major contract involves operating and managing textile sourcing operations for a leading French-headquartered supermarket's global sourcing arm.The deal covers complex...

Caliber Mining Sets Price Band for ₹450 Crore IPO; Investors Eye Strategic Expansion in Mineral Sector Caliber Mining and Logistics Ltd has announced the details of its Initial Public Offering (IPO), setting a price band of ₹402 to ₹424 per share. The highly anticipated issue aims to raise ₹450 crore, with subscriptions scheduled to open on July 17 and close on July 21.Anchor investor bidding for the IPO will take place one day earlier, on July 16. This offering is structured as a fresh issue of shares worth ₹400 crore, complemented by an Offer For Sale (OFS) component valued at up to ₹50 crore from existing shareholders and promoters.Post-IPO Valuation and Timeline for Caliber Mining At the upper end of the price band, the...

Lupin Recognized Among India's Best Employers in Nation-Builders Category by Great Place To Work® India 2026 Mumbai: Global pharmaceutical major Lupin Limited has been recognized among India's Best Employers in the Nation Builders Category 2026 by Great Place To Work® India. The company ranked among the Top 14 organizations nationally for this distinction, which highlights its dedication to fostering a culture rooted in purpose, trust, and inclusion while making meaningful societal contributions.The Nation Builders category acknowledges organizations whose influence extends past standard business performance. It specifically recognizes those that contribute to employment, community advancement, people development, and nation-building...