Markets

Kreon Financial Services Ltd Receives Certificate of Appreciation for Consistent GST Compliance Kreon Financial Services Limited has been recognized by the Central Board of Indirect Taxes & Customs (CBIC), Ministry of Finance, Government of India, for its commitment to Goods and Services Tax (GST) compliance. The company received a Certificate of Appreciation in recognition of its timely filing of GST returns and substantial payment of GST in cash during the Financial Year 2025-26.This formal recognition from the CBIC highlights Kreon Financial Services Limited's consistent adherence to tax regulations. The Company has secured this award for the fourth consecutive year, underscoring its dedication to maintaining high standards of GST...

Cartel Allegations Rock Global Market: HP India and 17 Resellers Face Penalty Over Supplies Product Bid Rigging The Competition Commission of India (CCI) has delivered a landmark ruling concerning alleged cartelisation within the supply chain of printing consumables. The CCI found that HP India Sales Private Limited, alongside seventeen designated resellers, contravened competition laws regarding the sale and supply of HP Supplies Products to government bodies in Delhi. This addresses systemic practices involving bid rigging, price control, and customer allocation within the B2G procurement space.The investigation centered on tenders floated on the Government e-Marketplace (GeM) platform, where the value exceeded INR ₹ 20 lakhs. The...

Shree Steel Wire Ropes Limited Approves Q1 Results, Announces Management Changes Shree Steel Wire Ropes Limited (SSWRL), a manufacturer of steel and stainless steel ropes, railway electrification equipment, and OHE fittings for transmission lines, announced several key corporate decisions following its Board meeting held on July 13, 2026. The company reviewed the unaudited financial results for the quarter ended June 30, 2026, approved the company's Annual General Meeting (AGM) dates, and noted significant changes in its management team.Q1 Financial Performance Review The Board of Directors considered and approved the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026, along with a Limited Review Report...

EMS Ltd Secures Lowest Bidder Status for Sewerage Project Worth Rs 10,581.65 Lakhs EMS Ltd has secured the status of the lowest bidder (L-1) from UP Jal Nigam (Urban), Varanasi, for a major sewerage project. The awarded order, which covers extensive preparatory and construction work, has an estimated value of approximately Rs 10,581.65 lakhs, excluding GST.The contract involves providing comprehensive services related to the 'Providing Sewer House Connection and associated works in Ramnagar Zone (Extended Area) of Nagar Nigam Varanasi' on a turn key basis. EMS Ltd will undertake surveying, soil investigation, design, and supply of all necessary materials and labor for the project.Key aspects of the awarded work include the...

USFDA Issues Warning Letter to Alembic Pharmaceuticals Over Bioequivalence Study, Citing ICF Observation Alembic Pharmaceuticals Limited has been informed that the United States Food and Drug Administration (USFDA) issued a Warning Letter concerning a bioequivalence study conducted at its Bioequivalence Facility. The warning relates specifically to observations regarding the Informed Consent Form (ICF).The USFDA issued the Warning Letter on July 10, 2026, following an inspection conducted between March 3, 2025, and March 7, 2025. Alembic Pharmaceuticals has stated that the observations detailed in the letter do not relate to data integrity within the study.The company noted receiving the Warning Letter on July 12, 2026. Based on its...

Kaka Industries Ltd Reports Robust Q1 Growth; Revenue Jumps by Nearly 25% YoY Kaka Industries Limited has reported a strong performance for the first quarter of the financial year 2026-27, demonstrating both operational strength and financial momentum. The company recorded significant top-line growth while successfully maintaining operating margins despite volatility in raw material markets.The Q1 results highlight a broad-based increase across the entire product portfolio. Total revenue for Kaka Industries Ltd saw impressive growth compared to the corresponding quarter of the previous fiscal year.Financial Performance Snapshot The financial performance data for Kaka Industries Limited is presented below:ParticularsQ1 FY...

Confidence Petroleum India Ltd Schedules Analysts and Institutional Investors Meeting in Nagpur Confidence Petroleum India Ltd has announced the schedule for its forthcoming meeting with analysts and institutional investors. The event is set to take place in Nagpur, combining a group session with an on-site visit.The company provided details regarding the specialized meeting intended for market participants. According to the provided schedule, the engagement is slated for Friday, 17th July 2026.A summary of the planned meeting is detailed below:DateVenueType of MeetingFriday, 17th July 2026NagpurGroup Meeting - In person; Site VisitThe company also provided operational notes regarding the planned event. It was noted that...

HCLTech Reports Robust Q1 FY27 Performance with 13.9% YoY Revenue Growth and $2.4Bn in New Deal Wins HCLTech has reported a steady performance for the first quarter of Fiscal Year 2027 (Q1 FY27), reflecting strong growth in AI-led transformations and significant new business wins. The company announced consolidated revenue of ₹34,579 Cr, marking a 13.9% year-over-year (YoY) increase, while Net Income rose 20.3% YoY to ₹4,624 Cr.The company recorded substantial Q1 net new bookings at $2,407 million, demonstrating enterprise commitment to its AI transformation services. Advanced AI revenue specifically grew by 10.6% QoQ and 62.1% YoY in constant currency terms (CC).Key Financial Highlights for Q1 FY27 HCLTech maintained operational...

Jaiprakash Power Ventures Ltd Sets Board Meeting Date; Insider Trading Window Closed Jaiprakash Power Ventures Ltd has scheduled its 159th meeting of the Board of Directors to review the company's recent financial performance. The meeting is set for Monday, July 20, 2026.The primary agenda item for the board includes the consideration and approval of the Un-audited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026.In addition to the board meeting announcement, the company confirmed the operational status of its trading window. The trading window has been closed from July 1, 2026, and remains restricted until July 22, 2026 (evening).During this closed trading period, members of the company's senior...

Supertech EV Ltd Appoints Mr. Deepak Chauhan as Additional Non-Executive Director Supertech Ev Limited has announced the appointment of Mr. Deepak Chauhan as an Additional Director in the capacity of Non-Executive Director (Independent). The company approved the appointment during a Board meeting held on July 13, 2026.Mr. Deepak Chauhan brings extensive experience to the role, having been identified as a seasoned marketing professional and entrepreneur. He holds nearly two decades of leadership experience as the Managing Director of Fauji Exim Private Limited.Details regarding his qualifications and background include:ParticularDetailsNameMr. Deepak ChauhanDirectors Identification Number (DIN)01391453Date of...

HCL Technologies Reconstitutes Key Board Committees Following Director Tenure Completion HCL Technologies Ltd has approved changes to its Nomination and Remuneration Committee (NRC) and Stakeholders' Relationship Committee (SRC) following the completion of Ms. Nishi Vasudeva’s tenure as an Independent Director. The board meeting held on July 13, 2026, finalized the compositions for both committees, effective from July 31, 2026.The reconstitution ensures that both committees maintain full independent oversight and diverse membership. Ms. Nishi Vasudeva’s cessation as a member of the NRC and Chairperson of the SRC necessitated these updates to the board structure.Nomination and Remuneration Committee (NRC) Reconstitution To...

Crisil Assigns ESG Rating of '72' to HDFC Asset Management Company Ltd Crisil ESG Ratings & Analytics Limited has assigned an ESG rating of '72' to HDFC Asset Management Company Ltd. The evaluation was conducted based on publicly available information and does not stem from a engagement by the company for such a specific rating or report.The assignment provides insight into the environmental, social, and governance performance criteria as assessed by Crisil. This independent review details aspects of the company's operations against established ESG standards.HDFCAMC Stock Price Movement Shares of HDFC Asset Management Company Limited slipped today by 0.73%, settling at ₹2,749 after closing trading activity. The stock saw a volume of...

Bharat Petroleum Corporation Ltd Holds Board Meeting to Review Q1 Unaudited Financial Results Bharat Petroleum Corporation Limited (BPCL) has announced that its Board of Directors will meet in the near future to review and approve the unaudited financial results for the quarter ended June 30, 2026.The meeting is scheduled for Wednesday, July 22, 2026. The primary agenda item for the board includes considering the performance and financials of the company during the specified period.In relation to market trading and insider regulations, the Code for Prevention of Insider Trading in the securities of BPCL dictates that the Trading Window will remain closed until Friday, July 24, 2026.Key operational dates related to the results and...

PropShare Celestia Announces Distribution for Unitholders for Quarter Ended June 30, 2026 PropShare Celestia has announced a distribution to its Unitholders for the quarter ended June 30, 2026. The decision was made by the Board of Directors of PropShare Investment Manager Private Limited, the Investment Manager of Property Share Investment Trust and PropShare Celestia.The board meeting held on Monday, July 13, 2026, declared the distribution for PS Celestia to its Unitholders.Key details regarding the distribution are as follows:Record Date: The record date for the distributions has been set for July 16, 2026. Payment Date: The payment of distributions is scheduled to be made on or before July 23, 2026.Stock Price Movement...

Route Mobile Limited Approves Acquisition of Heltar Technologies' Omnichannel Business and Sanctions Loan Facility The Board of Directors of Route Mobile Limited approved two significant transactions on July 13, 2026: the acquisition of an AI-led omnichannel business undertaking from Heltar Technologies Private Limited, and the sanctioning of a large unsecured loan facility to its subsidiary.Route Connect Private Limited, a wholly owned subsidiary of Route Mobile Limited, is set to acquire the AI-led Omnichannel Business Undertaking of Heltar Technologies Private Limited. The acquisition will be executed via slump sale on a going concern basis through a Business Transfer Agreement (BTA). This transfer encompasses all related assets...

Atvo Enterprises Announces Board Meeting to Discuss Q1 FY27 Results Atvo Enterprises Ltd, formerly known as Vandana Knitwear Limited, has scheduled a meeting of its Board of Directors to review and approve its un-audited standalone financial results for the quarter ended on June 30, 2026.The Board meeting is set to be held on Friday, July 17, 2026, at the company's registered office.The agenda for the meeting includes:Considering and approving the Un-Audited Standalone Financial Results of the Company for the Quarter ended on June 30, 2026. Transacting any other business with the permission of the Chairman.In alignment with internal codes of conduct regarding insider trading prevention, the company confirmed that the trading...

HCLTech Appoints Jacob Christian Dahl as Independent Director to Bolster Governance NOIDA, India – Global technology firm HCLTech has announced the appointment of Jacob Christian Dahl as an Additional Director, effective July 13, 2026. Mr. Dahl joins the company's board as an Independent Director, bringing nearly four decades of experience across international banking, financial services, strategy, and risk management.The appointment formalizes his role to serve on the Board of HCLTech for a term of five consecutive years, running from July 13, 2026, to July 12, 2031. The decision followed a meeting held by the Board of Directors, and Mr. Dahl has also been co-opted as a member of the Nomination and Remuneration Committee effective...

Adani Enterprises Converts Partly Paid-Up Rights Equity Shares Following Rights Issue Adani Enterprises Limited announced the conversion of partly paid-up Rights Equity Shares into fully paid-up equity shares following its rights issue. The decision was formalized by the Company's Rights Issue Committee at a meeting held on July 13, 2026.The committee approved the conversion of 4,81,079 partly paid-up Rights Equity Shares into fully paid-up equity shares, each bearing a face value of ₹ 1. These converted shares are identified as Converted Rights Equity Shares (ISIN INE423A01024).The conversion involves two distinct categories of partly paid-up rights equity shares:Shares that were 75% paid up and were subject to the Second and...

Cartel Scandal Rocks Tech Sector: CCI Slaps HP India and Resellers with Multi-Crore Penalty for Anti-Competitive Practices Competition Commission Imposes Penalties Over Supplies Cartel to HP India and 16 Resellers The Competition Commission of India (CCI) has imposed significant monetary penalties on HP India and a group of its resellers following findings of anti-competitive practices. The order, issued on July 13, 2026, targets cartelization within the supply chain of essential printing consumables, including toners and cartridges.The CCI levied a fine of INR 11.98 crores against HP India for its role in the unethical business conduct. Simultaneously, the Commission ordered a combined penalty amounting to approximately INR 2.30...

Shakti Press Ltd Board Meeting Scheduled to Approve FY 2025-2026 Reports and Annual General Meeting Plans Shakti Press Ltd has announced a forthcoming meeting of its Board of Directors to address several key corporate matters, including the approval of financial reports for the Financial Year 2025-2026.The company's Board Meeting is set to take place on Friday, July 17, 2026, at 12:00 Noon. The meeting will be held at the registered office of the company located in Village Mondha, Hingna, Nagpur.During the meeting, the board members are expected to consider and approve the Notice of the Annual General Meeting (AGM), along with the Annual Report and Directors' Report for the Financial Year 2025-2026.A significant agenda item...