Markets

Crude Surges Past $85 Amid US-Iran Escalation; GIFT Nifty Plunges Signaling Weak Start for Indian Indices Indian stock markets face heightened caution as renewed tensions in the US-Iran conflict drive global risk aversion. GIFT Nifty, a key pre-market indicator, is signaling a potential gap down opening for both the Sensex and Nifty 50. This pre-market weakness follows a massive surge in crude oil prices, triggered by escalating geopolitical risks involving the Strait of Hormuz.GIFT Nifty was trading at 24,090 around 8:10 am, reflecting a drop of 128 points or 0.53 percent. This places downward pressure on the Nifty 50, which closed marginally higher at Monday's 24,211. The market sentiment remains subdued as investors grapple with...

SBI Mutual Fund IPO Opens: Major AMC’s Offer for Sale Sizing Rs 10,000 Crore – Key Details Inside SBI Funds Management Ltd., the nation's largest asset management company by assets under management (AUM), is set to launch a significant equity offering. The nearly Rs 10,000-crore Initial Public Offering (IPO) is scheduled for subscription starting on July 14, 2026. This issue carries specific market implications as it is structured entirely as an Offer for Sale (OFS).The shares are slated for listing on both the BSE and the NSE exchanges. The offer comprises 17.1 lakh crore equity shares, translating to a total issue size of approximately Rs 9,813 crore. This offering provides investors with an opportunity to own a stake in one of...

Tech Sector Hit by Geopolitical Jitters as Clients Defer Big Decisions Amid Middle East Uncertainty The global technology industry is navigating significant uncertainty following escalating conflict in West Asia. Client activity across major verticals has seen delays, leading companies to defer large project decisions as businesses prioritize stability over expansive growth.LTM (Company Name) reported its Q1FY27 results on July 11, achieving a notable year-on-year jump in consolidated net profit. The company's revenue from operations grew 17.9 percent YoY to ₹11,608 crore, while the operating margin expanded by 40 bps sequentially to 15.5 percent.LTM Q1FY27 Earnings and Growth Metrics While facing external headwinds, LTM showed...

Avendus Strikes Blow: PE Fund Pumps Rs 140 Crore into PPFAS Amid Domestic Savings Surge Avendus Future Leaders Fund III (FLF) has completed a strategic investment of around Rs 140 crore in Parag Parikh Financial Advisory Services (PPFAS). This transaction is structured as a secondary acquisition, securing a stake just under 1% in the fast-growing asset management company. The investment was executed by acquiring promoter shares from Neil Parag Parikh, Chairman and CEO of PPFAS, alongside Khushboo Joshi, President of Wealth Management.The fund intends to hold this minority stake for approximately four to five years, viewing it as a long-term commitment rather than a quick pre-IPO bet. This move highlights the increasing interest...

Zero-Duty Surge: India-UK CETA Promises Massive Trade Boost as Exports Gain Market Parity The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom is set to revolutionize bilateral commerce, with its implementation commencing on July 15, 2026. The pact, signed after 14 rounds of negotiation in July 2025, aims to improve market access and provide greater certainty for businesses operating across both nations.The agreement comprises 30 chapters, extending far beyond traditional tariff cuts. It incorporates commitments covering digital trade, telecommunications, financial services, intellectual property (IP), innovation, and sustainability, providing a holistic framework for cooperation.India's...

Defense and Aerospace Major Sigma Advanced Systems Acquires UK Precision Manufacturer Bromford Hyderabad, July 14, 2026: Sigma Advanced Systems Limited, a leading Indian aerospace precision engineering company, has acquired 100% of the equity share capital of Bromford Precision Solutions Limited. The deal brings a specialized UK-based manufacturing capability to Sigma’s global platform and is set at approximately GBP 11.89 million (equivalent to INR 153 crore).The transaction, which represents an enterprise value to adjusted EBITDA multiple of approximately 4.6x based on the CY2026 estimate, is anticipated to be finalized by the end of July 2026, subject to customary closing conditions.Creating a Global Precision Manufacturing...

Sigma Advanced Systems Ltd to Acquire 100% Stake in UK-Based Aerospace Firm Bromford Precision Solutions Limited Sigma Advanced Systems Limited has announced a major strategic acquisition, signing a Share Purchase Agreement on July 13, 2026, to acquire 100% of the equity shareholding in Bromford Precision Solutions Limited, a specialized manufacturer within the aerospace and defence industry. The acquisition will be executed through the company's wholly owned subsidiary, Sigma Advanced Systems UK Limited.The strategic move aims to consolidate Sigma Advanced Systems’ position as a leading global supplier in precision engineered parts for the aerospace and defence sector. By acquiring Bromford Precision Solutions Limited, the company...

Elevation Capital Launches $500M AI-Focused Fund, Betting India is Poised for a Global Golden Decade Elevation Capital has successfully closed its ninth India-focused venture fund, raising $500 million. The firm is doubling down aggressively on early-stage startups, positioning artificial intelligence (AI) as the central catalyst for India's next wave of large technology companies. This strategic move underscores Elevation’s belief that AI represents a fundamental platform shift ready to unlock sector expertise across the subcontinent.The new vehicle comes four years after the completion of its previous $670 million fund, Fund VIII. When viewed alongside its recently launched $400 million late-stage vehicle, Elevation Holdings, these...

Blue Star Limited Highlights ESG Initiatives and Sustainability Targets for FY 2025-26 Blue Star Limited, a major player in the air conditioning and refrigeration sector, has detailed its performance across environmental, social, and governance (ESG) metrics for the Financial Year 2025-26. The company emphasizes its commitment to sustainable growth through dedicated initiatives focused on energy efficiency, product stewardship, and inclusive workforce practices.Operational Scope and Business Activities Blue Star operates with a wide operational footprint spanning nationally and internationally. The entity maintains five manufacturing plants and twenty-seven offices across India, serving 28 states and eight Union Territories...

Board Meeting Scheduled for 5paisa Capital Ltd To Approve Q1 Results; Trading Window Set5paisa Capital Ltd has scheduled a meeting of its Board of Directors on Thursday, July 16, 2026. The meeting is set to consider and approve several key items, including the consolidated and standalone unaudited financial results for the quarter ended June 30, 2026.In addition to reviewing the company's Q1 financials, the Board meeting agenda includes any other general business matters that require consideration by the directors.The company also provided an update regarding trading restrictions for its designated personnel. The trading window for all Designated Persons of 5paisa Capital Ltd and their relatives will remain closed from Wednesday...

Alok Industries Limited Dissolves UK Subsidiary Grabal Alok Alok Industries Limited announced that its step-down subsidiary incorporated in the United Kingdom, Grabal Alok (UK) Limited, has been dissolved. The dissolution was effective from July 11, 2026.With this action, GAL ceased to be a subsidiary of Alok Industries Limited as of the specified date.The company noted that Grabal Alok (UK) Limited functioned as a non-operating entity. For the financial year 2025-26, its contribution towards the consolidated turnover and net worth of the parent company was Nil.ALOKINDS Stock Price Movement On Monday, Alok Industries Limited shares edged higher to close at ₹12.79, rising 1.67% after a solid gain of ₹0.21. The stock finished...

Two Units of Teesta-V Power Station Resume Commercial Generation Two units of Teesta-V Power Station in Sikkim have resumed commercial operations following synchronization with the grid. The facility, which includes three 170 MW units, saw Unit #1 and Unit #2 start commercial generation on July 13, 2026, at 17:00 Hrs.The resumption of these two specific units marks a significant operational update for the Teesta-V Power Station project.Management confirmed that while Unit #1 and Unit #2 have successfully commenced commercial generation, the commercial status of the final unit, Unit #3, is yet to be determined and will be announced in due course.KARURVYSYA Stock Price Movement Karur Vysya Bank Limited shares gained on Monday...

Tourism Finance Corporation of India Ltd. to Hold Board Meeting for Financial Results Approval The Board of Directors of Tourism Finance Corporation of India Ltd. is scheduled to convene a meeting on Monday, July 20, 2026. The primary agenda item for this gathering is to consider and approve the Financial Results for the quarter ending June 30, 2026.This forthcoming board meeting will focus on reviewing the financial performance during the specified period. Upon the Board's approval, the company intends to submit these financial results to the Exchange.TFCILTD Stock Price Movement On Monday, shares of Tourism Finance Corporation of India Limited surged, closing at ₹80.81 after gaining 7.20% in trading. The stock saw robust activity...

RSC International Ltd Board Meeting Scheduled to Consider Preferential Issue and Private Placement Funding RSC International Ltd has announced that its Board of Directors meeting is scheduled for Thursday, July 16, 2026. The meeting is set to consider various business matters, with a primary focus on a proposal for fundraising through the issuance of securities via preferential issue or private placement.The company intends to review the details of the funding plan, which may involve cash or non-cash consideration. A key aspect of the agenda includes determining the Issue Price for these securities, subject to necessary regulatory and statutory approvals, including shareholder approval. The Board is also scheduled to transact other...

Sharp Investments Approves Acquisition of RLCPL and Plans Significant Authorized Share Capital Increase Sharp Investments Ltd, following a meeting of its Board of Directors held on July 13, 2026, approved major strategic moves, including the acquisition of Rajal Lefin & Commercial Private Limited (RLCPL) and ratified a substantial increase in the company's authorized share capital. The board also reviewed and received the unaudited standalone financial results for the quarter ending June 30, 2026.The Board took a final decision on the acquisition of Rajal Lefin & Commercial Private Limited (RLCPL). The company agreed to purchase 45,85,860 equity shares—representing a 100% equity stake—from RLCPL's existing shareholders. The total...

Oberoi Realty Limited Appoints Stuart McConnachie as Chief Operating Officer - Construction Oberoi Realty Limited has announced the appointment of Mr. Stuart McConnachie as Chief Operating Officer - Construction. The move sees Mr. McConnachie join the company on July 13, 2026, to oversee construction operations.Mr. McConnachie's role is contractual in nature and is subject to the employment policy of Oberoi Realty Limited. He brings extensive international experience to the position.The appointment highlights the company’s focus on large-scale project delivery. Mr. McConnachie possesses over 25 years of global experience, specializing in residential, retail, hospitality, and mixed-use developments. His expertise covers a wide range...

PropShare Titania Declares Distribution of ₹23,784.66 Per Unit on Strong Performance for Quarter Ended June 30, 2026 PropShare Titania, a second scheme under the Property Share Investment Trust (PSIT), announced significant financial results and declared a distribution to its unitholders for the quarter ending June 30, 2026. The declaration was made following the Board meeting of PropShare Investment Manager Private Limited on July 13, 2026.The Board of Directors approved the Unaudited Standalone Financial Results and noted the Auditor's Limited Review Report for PS Titania. Crucially, the company declared a distribution amounting to ₹23,784.66 per unit, which collectively stands at ₹106.13 million for the quarter ended June 30, 2026...

Kirloskar Ferrous Industries achieves Green Steel Certification and Enhances Sustainability Metrics for FY 2026 Kirloskar Ferrous Industries Limited (KFIL) has demonstrated significant advancements in its commitment to environmental stewardship and corporate governance, achieving global recognition for sustainable manufacturing. The company’s operations are characterized by a diversified product portfolio, driven by integral commitments to ethical practices, resource efficiency, and employee well-being.The company reported a total turnover of INR 6,888.57 Crores in the financial year ending March 31, 2026. KFIL is involved in the manufacturing and supply of critical metal products, including seamless steel tubes, pig iron, and grey...

NHPC Resumes Commercial Generation from Two Units of Teesta-V Power Station in SikkimNHPC Limited has announced that two units of its Teesta-V Power Station in Sikkim have resumed commercial operation following synchronization with the grid.Unit #1 and Unit #2, both rated at 170 MW each, successfully resumed commercial generation on July 13, 2026, at 17:00 Hrs. The resumption of operations marks a step toward maximizing power output from the Teesta-V Power Station, which comprises three units, each rated at 170 MW.The company stated that the status of the commercial generation for the final unit, Unit #3, will be communicated in due course.NHPC Stock Price Movement NHPC Limited shares slipped on Monday by 0.28% to settle at...

Ujjivan Small Finance Bank receives ESG Rating of 77.3 from SES ESG Research Pvt. Ltd. Ujjivan Small Finance Bank Limited has received an ESG rating from SES ESG Research Pvt. Ltd., a Category II - SEBI registered ESG Rating Provider (ERP). The assessment pertains to the bank's performance during Fiscal Year 2025-26.The rating of '77.3' was assigned by SES ESG, based on the Bank's public disclosures and other information available in the public domain. This new score reflects a year-on-year increase of 4.1%.Financial performance metrics regarding the ESG assessment are as follows:MetricValueESG Rating (FY 2025-26)77.3Year-on-Year Increase4.1%UJJIVANSFB Stock Price Movement On Monday, Ujjivan Small Finance Bank Limited...