Markets

Schaeffler India Ltd. Schedules Board Meeting to Approve Half-Year Financial ResultsSchaeffler India Limited has scheduled a meeting of its Board of Directors on Wednesday, July 22, 2026. The primary agenda item for the meeting is the consideration and approval of the Unaudited Financial Results (both Standalone and Consolidated) pertaining to the quarter and half year ended June 30, 2026.The company's board meeting aims to review the operational performance detailed in these financial results.In addition to the board proceedings, Schaeffler India Limited has also noted restrictions concerning its trading period. The Company's trading window is closed from July 1, 2026, and will remain closed through July 24, 2026 (both days...

Siemens Ltd Unveils Business Responsibility Report for FY 2026, Highlighting ESG Commitments and Operations Siemens Limited has published its comprehensive Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. The report outlines the company’s measurable strides in Environmental, Social, and Governance (ESG) domains during the 18-month period spanning October 1, 2024, to March 31, 2026.The release underscores Siemens Limited's commitment to sustainable growth, driven by its DEGREE Sustainability Framework, which focuses on areas such as Decarbonization, Ethics, Governance, Resource Efficiency, Equity, and Employability. The report provides detailed insights into the company’s...

BlueStone Jewellery and Lifestyle Ltd to Hold Board Meeting for Q1 Un-audited Financials Review BlueStone Jewellery and Lifestyle Ltd has scheduled a meeting of its Board of Directors to review and approve the company's un-audited financial statements. The meeting is set for Monday, July 20, 2026.The purpose of the board meeting is to consider and approve both the standalone and consolidated Un-audited financial Statements for the quarter ending on June 30, 2026.In connection with the scheduled event, BlueStone has also announced a restriction regarding insider trading. The trading window for dealing in the securities of the Company by Insiders and Designated Persons is closed starting Wednesday, July 01, 2026, and will remain...

India-US Trade Negotiations: Commerce Secretary Agrawal Confirms Deal Will Provide Pathway to Navigate Section 301 Disputes A bilateral trade agreement between India and the United States is anticipated to serve as a critical pathway to navigate various aspects of their trade relationship, including disputes stemming from ongoing US Section 301 investigations, according to Commerce Secretary Rajesh Agrawal on July 13.Agrawal stressed that while the Section 301 probes are distinct from the broader trade negotiations, any resulting deal would address all commercial aspects of the bilateral engagement. He stated that both sides will find innovative ways to resolve issues, ensuring that new tariffs do not emerge after a trade deal is...

TGV Sraac Ltd Adds 2.5 MWp Solar Power Capacity Boosts Total Generation Capability TGV Sraac Ltd has expanded its solar power generation capacity by adding an additional 2.5 MWp of solar capacity. This expansion increases the company's overall solar generating capability.The addition means that TGV Sraac Ltd's solar power generating capacity will rise from 60.40 MWp to 62.90 MWp.The key figures detailing the update are summarized below:MetricPrevious CapacityAdded CapacityNew Total CapacitySolar Power Generating Capacity (MWp)60.402.562.90Stock Price Movement TGV Sraac Ltd settled at ₹102.25 near market close today, having edged higher by 0.54%. The stock's shares traded within a solid range, bouncing off lows of ₹100.75...

Board Approves Comprehensive Fundraising Initiative at Galactico Corporate Services Ltd Galactico Corporate Services Limited has authorized a broad fund-raising exercise following a decision made by its Board of Directors. The move signifies a strategic step toward capital accretion, with the company setting the stage for various methods to raise funds in future tranches.The Board meeting focused on considering and discussing proposals for raising funds through multiple permissible modes. These modes include private placement, public issue, qualified institution placement (QIP), preferential issue of equity shares or warrants, and various debt instruments. The decision allows Galactico to explore diverse financial structures as...

Uflex Appoints Mr. Arun Kumar Sharma as Chief Financial Officer and KMP Uflex Ltd confirmed the appointment of Mr. Arun Kumar Sharma as the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The Board of Directors approved this appointment during a meeting held on July 10, 2026, making him effective from that date.The clarification detailed in the subsequent report provided specifics regarding the board meeting. The directors met to approve the key personnel change, which includes Mr. Sharma's role as CFO and KMP.In terms of operational details related to the decision, the company clarified the timings of the Board Meeting held on July 10, 2026.DetailTimeBoard Meeting Commencement4:30 p.m.Board...

Bandhan Bank Increases Paid-up Capital Following ESOP Share Allotment Bandhan Bank Ltd announced the allotment of equity shares resulting from the exercise of options under the Bandhan Bank Employee Stock Option Plan Series 1. The move resulted in an increase in the bank's issued and paid-up equity share capital.The Nomination and Remuneration Committee of the Board, meeting on July 13, 2026, approved the allotment of 23,165 equity shares to eligible employees of the Bank upon them exercising vested options under ESOP Series 1. These newly allotted equity shares rank pari passu with all existing equity shares of the Bank, including dividend rights.The allotment impacts the bank’s capital structure, moving it from its previous issued...

Reserve Bank Slams ₹13 Lakh Penalty on Chikhli Cooperative Bank over Major KYC and Housing Scheme Violations The Reserve Bank of India (RBI) has imposed a significant monetary penalty against The Chikhli Urban Co-operative Bank Limited, Chikhli, Maharashtra. The bank was penalized ₹13 lakh for contravening statutory provisions and failing to comply with crucial directions issued by the central regulator. This action underscores the RBI's rigorous enforcement stance regarding financial compliance standards across regional institutions.Penalty Imposition and Regulatory Framework The penalty of ₹13 lakh was levied on the Chikhli Urban Co-operative Bank Limited following an order dated July 8, 2026. The imposition stems from breaches...

Indian Hotels Company Ltd schedules Board Meeting for June Quarter Results Approval Indian Hotels Company Ltd has scheduled a Board meeting to approve the financial results for the quarter ending June 30, 2026. The company also provided an update regarding its trading window following the completion of the previous reporting period.The Board meeting is slated for July 21, 2026. During this meeting, the directors are set to review and approve the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.In addition to the results approval, the company informed stakeholders about the status of its insider trading window. The trading period for the company's securities was closed starting...

Hindustan Petroleum Corporation Ltd to Hold Board Meeting to Discuss Quarter Ending June 30, 2026 ResultsHindustan Petroleum Corporation Ltd has scheduled a meeting of its Board of Directors to review the un-audited financial results for the quarter that ended on June 30, 2026.The Board Meeting is set to take place on Wednesday, July 22, 2026. The agenda for the meeting includes considering the company’s Un-audited Financial Results for the specified quarter.In an operational update regarding insider trading compliance, the company has confirmed that the Trading Window for dealing in securities of the Company will remain closed until June 24, 2026, for all Insiders, adhering to the company's Insider Trading Code.HINDPETRO Stock...

Plastiblends India Reports Q1 FY27 Results: Revenue Grows 11.01% Year-on-Year Amid Complex Macroeconomic Climate Plastiblends India Limited has announced its financial results for the first quarter (Q1) of fiscal year 2026-2027, highlighting strong operational resilience despite prevailing global economic headwinds and rising input costs. The company reported significant growth in revenue and improved margins, driven by a favorable product mix and gains from inventory valuation.The Board of Directors approved the unaudited financial results for the quarter ending June 30, 2026.Financial Performance Highlights The quarterly figures demonstrate positive trends across key performance indicators compared to prior periods. Revenue from...

Magson Retail Closes Goa Store Location Due to Financial Instability Magson Retail And Distribution Limited has announced the complete closure of one of its retail store locations in South Goa. The decision was made by the company's Financial Investment and Business Development Committee, with the closure taking effect from July 13, 2026.The affected location is situated at MAGSONS ZUARINAGAR, Shop No. S-25 to S-28, Ground Floor, Block C, GREVA Residency, MesCollege, Junction, ZUARINAGAR, SOUTH GOA, GOA -403726.The company stated that the retail store was unable to achieve the necessary financial stability required for continued operation at the location.Details regarding the unit's performance and contribution are as follows...

Surge of Digital Transformation: India Pioneers AI-Enabled Governance in Bid to Achieve Viksit Bharat@2047 Union Minister Dr. Jitendra Singh has underscored that India is entering a critical phase of governance transformation, driven by Next Generation Administrative and e-Governance Reforms. Speaking at a national conference held in Shillong, he detailed how the nation is moving from rigid regulation to citizen-centric facilitation using advanced technologies like Artificial Intelligence (AI) and digital public infrastructure.The two-day National Conference on NextGen Administrative and e-Governance Reforms was inaugurated by Dr. Singh. The event, jointly hosted by the Department of Administrative Reforms and Public Grievances...

Transpek Industry Ltd Reports Resignation of Senior General Manager (R&D and QC) Transpek Industry Ltd has confirmed the resignation of Dr. Gurpreet Kaur, who served as a senior manager at the company. The resignation was tendered on July 13, 2026, citing professional circumstances.The company acknowledged the departure and confirmed that Dr. Gurpreet Kaur will be relieved from her duties with effect from the close of business hours on Wednesday, July 15, 2026.Dr. Kaur's role was identified as Senior General Manager (R&D and QC) and she was designated as Senior Management Personnel within the organization.Key details regarding the change in personnel are summarized below:ParticularsInformationNameDr. Gurpreet KaurRoleSr...

RBI Slams ₹50,000 Fine on Nawada Central Bank for Critical KYC Non-Compliance RBI Imposes Monetary Penalty on Nawada Central Co-operative Bank The Reserve Bank of India (RBI) has imposed a monetary penalty amounting to ₹50,000/- on The Nawada Central Co-operative Bank Limited, Bihar. This action follows regulatory findings concerning the bank's failure to comply with specific directions issued by the RBI regarding 'Know Your Customer' (KYC).The penalty order was officially issued by the RBI on July 2, 2026. It is a decisive step taken under the powers conferred upon the central bank through Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.Grounds for Penalty: Failure to Upload CKYC Records The...

Happy Steels IPO Surges Over 72x Amid Robust Demand Across Investor Categories The maiden public issue of Happy Steels, an automotive components manufacturer, witnessed phenomenal investor appetite, clocking a massive subscription rate of 72.43 times on the final day of bidding (July 13). The company successfully tapped the capital markets last week with an entirely fresh issue designed to raise Rs 25 crore through the IPO.Investors placed substantial bids for the offer size, generating total interest worth Rs 1,296 crore across the three-day bidding period. With the price band set at Rs 62-66 per share, Happy Steels was valued at Rs 94.3 crore at the upper end of the pricing range.Strong Institutional and Retail Demand Drives IPO...

Vegorama Punjabi Angithi Ltd Announces Resignation of Key Personnel, Company Secretary and Compliance Officer Vegorama Punjabi Angithi Ltd has announced the resignation of Yashi Goyal from critical managerial posts within the company. Miss Goyal resigned as the Company Secretary, Compliance Officer, and Nodal Officer, effective July 13, 2026.The departure comes as Miss Goyal seeks to pursue alternate career opportunities outside of the organization. Her role encompassed serving as a Key Managerial Personnel within the firm.Vegorama Punjabi Angithi Ltd formally accepted the resignation, noting that there are no material reasons for her departure other than pursuing these external career interests.Miss Goyal conveyed sincere thanks...

Global Tech Giant HP India Hit with Massive Fine for alleged Cartelization in Government E-Tendering CCI Finds Collusion Between HP India and Resellers in GeM Procurement of Personal System Products The Competition Commission of India (CCI) has concluded a major probe into alleged cartel activities involving HP India Sales Private Limited (OP-1) and ten affiliated resellers. The investigation covered the sale and supply of personal system products, including laptops and desktops, to commercial and retail customers via the Government e Marketplace (GeM).The CCI found that HP India and several designated resellers acted in contravention of Section 3(3) read with Section 3(1) of the Act. This finding stems from evidence collected during...

Inter-Bank FX Trade Dominates: RBI Data Reveals Sustained Flow and Robust Merchant Activity in Foreign Exchange Markets The Reserve Bank of India (RBI) has released its detailed daily Foreign Exchange Turnover data for the period spanning June 08, 2026, through June 12, 2026. The comprehensive data set provides a granular look at both merchant-level transactions and high-volume inter-bank market activities across various currency combinations.All figures reported in this release are denominated in USD Millions, showcasing the intensity and breadth of international financial movements recorded by the central bank during the five days.Inter-Bank Market Performance Highlights The inter-bank segment proved to be a crucial area of...