Markets

Happiest Minds Technologies Confirms Regarding Report on Potential Stake Acquisition by ITC Infotech Happiest Minds Technologies Ltd has issued a clarification concerning a news item published regarding potential strategic developments involving ITC Infotech and the company. The report, dated July 13, 2026, circulated by moneycontrol.com, suggested that ITC Infotech was emerging as a frontrunner to acquire a majority stake in Happiest Minds Technologies.In response to the coverage, Happiest Minds stated that it has noted the news item. The company confirmed that no information required disclosure concerning this matter under regulatory requirements.Happiest Minds Technologies also provided details on its ongoing corporate governance...

ICICI Prudential AMC Reports Strong Q1 FY27 Results; Profit Jumps 23% as AUM Continues to Grow ICICI Prudential Asset Management Company Limited reported its financial results for the quarter ended June 30, 2026. The company demonstrated significant growth across key metrics, with Profit After Tax rising 23.1% year-on-year (YoY).The firm's Operating Revenue for Q1 FY27 stood at ₹15,642.2 million, marking a 17.6% increase compared to the ₹13,306.7 million reported in Q1 FY26. Total Income reached ₹17,450.2 million, reflecting an 18.1% rise.Financial Highlights for Q1 FY27 The performance improvements were steady across all levels of profitability during the quarter:Operating Profit: Operating Profit stood at ₹10,998.5 million for...

Finance Minister Orders NRI Outreach Surge as FCNR(B) and ECB Flows Gain Momentum Amid Global Uncertainty Diaspora Interest Fuels Accelerated Foreign Currency Mobilization The success of India's swap initiatives for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs) has received strong notice from the international diaspora. This was highlighted during a crucial meeting with various bank Managing Directors and Chief Executive Officers in New Delhi on July 13, 2026.MDs and CEOs reported that banks are offering highly competitive rates on FCNR(B) deposits, bolstered by the suspension of the interest rate ceiling for fresh deposit accounts under...

State Bank of India Concludes Issuance of USD 200 Million Senior Unsecured Floating Rate Notes State Bank of India has concluded the issuance of USD 200 million in Senior Unsecured Reg-S, Floating Rate Notes. This bond issuance serves as a tap for one of the bank's existing outstanding floating rate notes.The new bonds are set to be issued through the State Bank of India London branch starting July 17, 2026. Following issuance, the notes will be listed on India INX and GIFT City.Details regarding the ongoing debt instruments include:Financial InstrumentDetailsNew Issue AmountUSD 200 MillionInstrument TypeSenior Unsecured Reg-S, Floating Rate NotesExisting Note ISINXS3433781062Original Maturity3 YearsCoupon Rate...

Rail Vikas Nigam Ltd Appoints Suyash Trivedi as Executive Director Civil in Kolkata Rail Vikas Nigam Limited (RVNL) has announced the appointment of Shri Suyash Trivedi as Executive Director (Civil), based in Kolkata. The appointment comes following his absorption into the company from Mumbai Metro Rail Corporation (MMRC).Shri Trivedi was provisionally appointed as the Executive Director (Civil) and reported to the RVNL Corporate Office in New Delhi on July 13, 2026. He holds the position at the E-9 grade under the PSE (IDA) payscale of 1,50,000 to 3,00,000, with immediate effect. The company stated that a separate pay fixation order for Shri Trivedi will be issued later.The appointment is effective from July 13, 2026, and his term...

Promoter Group Member Ms. Mangla Murli Kabra Acquires Equity Shares in ALUWIND INFRA-TECH LIMITED Ms. Mangla Murli Kabra, a member of the Promoter Group, has acquired equity shares of Aluwind Infra-Tech Limited (formerly Aluwind Architectural Limited). The transactions were conducted on July 13, 2026, through an open market purchase executed on the National Stock Exchange (NSE).The details of the acquisition reflect Ms. Kabra's current holding status following the purchase period. As reported in the continuous disclosure, the transaction data is as follows:ParticularsDetailsMode of AcquisitionMarket PurchaseExchange Traded OnNational Stock Exchange (NSE)Period of AcquisitionJuly 13, 2026 to July 13, 2026The...

Godrej Properties Ltd. schedules Board Meeting to approve Q1 Financial Results and closes insider trading window Godrej Properties Ltd. has announced that a meeting of its Board of Directors is scheduled for August 04, 2026. The purpose of this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results of the company for the quarter ended June 30, 2026.In addition to the board proceedings, Godrej Properties Ltd. has closed its trading window related to the company's securities. This restriction applies to Designated Persons and their immediate relatives as defined under the Code of Conduct for Prevention of Insider Trading. The restricted trading period runs from July 01, 2026, until August 06...

Esconet Technologies Secures ₹25.74 Crores Order for Hardware Components from C-DAC Esconet Technologies Limited has secured a significant contract worth approximately ₹25.74 Crores from the Centre for Development of Advanced Computing (C-DAC) in Pune. The order involves the supply and installation of specialized hardware components for the advanced computing center.The contract is governed by a purchase order, stipulating necessary scope, specifications, performance standards, and timelines. Esconet Technologies will be responsible for both the delivery and installation of the required Hardware parts as per the established schedule.This domestic contract highlights Esconet's involvement in providing essential technology...

India Radiators Ltd Sets Record Date for Amalgamation with Mercantile VenturesIndia Radiators Limited has announced a specific record date to determine the eligible shareholders of the company involved in its Scheme of Amalgamation with Mercantile Ventures Limited. The event pertains to the transferor and transferee companies and their respective Shareholders and Creditors.The purpose of setting the record date is to identify the shareholders of India Radiators Limited who will be entitled to receive equity shares in the Transferee Company, Mercantile Ventures Limited, as stipulated by the Scheme.Details regarding the stock security and transaction parameters were released for stakeholders. The record date has been set as Friday...

Steel Exchange India Ltd to Hold Board Meeting to Approve Q2 Un-audited Financial Results Steel Exchange India Ltd has scheduled a Board of Directors meeting on Monday, July 20, 2026. The meeting is slated to consider and approve the un-audited financial results for the quarter ended June 30, 2026, along with any other matters approved by the Chair.In addition to the board meeting announcement, the company has set clear parameters regarding its trading window for its shares. Trading in Steel Exchange India Ltd's securities was closed effective July 1, 2026.The restricted trading period is designated to remain closed until a duration of 48 hours following the declaration of the Un-Audited financial results for the quarter ended June...

Jauss Polymers Ltd Appoints New Directors, Confirms Key Leadership Roles Jauss Polymers Limited has announced several key board appointments and provided clarification regarding the effective dates of these directorial positions. The company welcomed a mix of experienced professionals in finance, legal affairs, and corporate governance to its Board of Directors.The Board Meeting held on July 1, 2026, resulted in multiple recommendations for new directors. These include Ms. Shipra Chauhan as Managing Director, Mr. Aditya Chopra as Whole-time Director, Ms. Kritika Seth as Executive Director, and Mr. Santosh Prasad Kushawaha as Independent Director.In addition to these appointments, Ms. Neha Shukla was appointed as an Additional...

Kanpur Plastipack Ltd. Boards Meeting Scheduled to Approve Quarter Ended June 30, 2026 Results Kanpur Plastipack Ltd. has scheduled a Board Meeting to consider and approve the standalone and consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The meeting is set to take place on Monday, July 27, 2026, commencing at 12:00 Noon.The Board of Directors will meet to review the financial performance of the company during the specified period. The agenda includes the consideration and subsequent approval of both the standalone and consolidated Unaudited Financial Results for the quarter ending June 30, 2026.KANPRPLA Stock Price Movement Today, shares of Kanpur Plastipack Limited closed after edging higher by 2.72%...

Emcure Pharmaceuticals Consolidates Ownership of Gennova; Focuses on Biologics and Biosimilars Pune, July 13, 2026 — Emcure Pharmaceuticals Limited announced it is acquiring full ownership of biopharma subsidiary Gennova Biopharmaceuticals Limited, as the company sharpens its strategic focus as a biologics and biosimilars entity. This consolidation comes alongside a leadership transition at Gennova to steer the next phase of growth in the specialized therapeutic area.Emcure is acquiring the entire 12.05% minority stake in Gennova that was held by Dr. Sanjay Singh and other shareholders, taking its ownership to 100%. With this acquisition, Emcure has made Gennova a wholly owned subsidiary.Gennova will concentrate on its biologics...

ICICI Pru AMC Profit Surges 23% as Revenue Crosses ₹1,500 Crore Milestone in June Quarter ICICI Prudential Asset Management Company reported a substantial surge in profitability for the June quarter, driven by strong operational performance. The company declared an impressive profit after tax (PAT) of Rs 965 crore, marking a significant increase compared to the corresponding period last year. This robust financial showing underscores the firm’s growing strength and operational efficiency within the asset management sector.Financial Highlights: Profit Leaps in June Quarter The 23 percent rise in PAT represents a considerable turnaround for ICICI Prudential AMC. The company's profit after tax stood at Rs 965 crore during the current...

LTM AI Revenue Surges to $150 Million Quarterly Run Rate as IT Giant Reorients Hiring Strategy LTIMindtree has made a significant disclosure regarding its artificial intelligence business, announcing a quarterly run rate of $150 million for dedicated AI revenue. Chief Executive Officer and Managing Director Venu Lambu confirmed this figure on July 13, marking the first time the Mumbai-headquartered IT services company quantified the size of its pure AI segment.Lambu clarified in an interview with Moneycontrol that this revenue represents only "pure AI" native figures. This specialized revenue stream does not include Enterprise AI projects where artificial intelligence is utilized as an enabler within larger integrated deals."We want...

Mercantile Ventures Ltd Board Approves Amalgamation Scheme with India Radiators Limited Mercantile Ventures Ltd announced that its Board of Directors had considered and approved the outcomes related to the scheme of amalgamation involving India Radiators Limited, the transferor company, and Mercantile Ventures Limited, the transferee company. The decision follows the receipt of a certified copy of the order dated July 08, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Division Bench - I, Chennai, which sanctioned the scheme for both companies and their respective Shareholders and Creditors.The Board meeting, held on July 13, 2026, confirmed key operational parameters of the amalgamation, including the mechanism by which...

Zenotech Laboratories Announces Board Meeting for Q1 Financial Results and Sets Trading Window Timeline Zenotech Laboratories Ltd has announced key operational updates regarding its upcoming board meeting and the closure of its trading window following the declaration of its quarterly financial results.The Company's Board of Directors is scheduled to meet on Tuesday, July 28, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Standalone Financial Results for the quarter that ended on June 30, 2026.In addition to the board meeting announcement, Zenotech Laboratories confirmed changes regarding its trading activity. The Company announced that the trading window was closed starting from Wednesday...

HP Adhesives Ltd Board Approves Rs 21.6 Million Working Capital Term Loan from ICICI Bank HP Adhesives Ltd has secured a significant financial agreement following its Board meeting held on July 13, 2026. The Board of Directors considered and approved the terms for availing a Working Capital Term Loan (ECLGS) totaling Rs 21.6 million.The financing is provided by ICICI Bank Limited. Under the approved terms, the loan features an interest rate of 9% per annum and offers a total tenure of five years. A key element of the agreement includes a one-year moratorium on principal payments.The decision was ratified during the Board meeting which commenced at 04:00 p.m. and concluded at 04:30 p.m. The facility will aid the company in its...

Khaitan Chemicals Approves Q1 Results; Revokes AOA Alteration Proposal Khaitan Chemicals & Fertilizers Limited has announced that its Board of Directors approved the unaudited Financial Results for the Quarter ended June 30, 2026. The company also exercised a key administrative decision by revoking a previous proposal to alter its Articles of Association concerning the Common Seal.The Board Meeting, held on July 13, 2026, deliberated on various matters and determined that it would be appropriate to retain the existing provisions relating to the Common Seal in the company’s Articles of Association. This decision revokes a proposal for alteration that had been approved by the Board at its meeting dated May 14, 2026.In addition to the...

Harmony Capital Service Ltd Board Meeting Scheduled to Discuss Financial Results and Equity IssuanceHarmony Capital Service Ltd has scheduled a meeting of its Board of Directors for Thursday, July 16, 2026, to address several key business matters. The agenda includes the review of the company’s recent financial performance and deliberation over a proposed equity issuance strategy.The meeting is set to consider and approve the Unaudited Financial Results of the Company for the quarter that ended June 30, 2026, alongside a Limited Review Report related to these results. Additionally, the Board is scheduled to evaluate a proposal concerning the issuance of equity shares or eligible securities. This proposal allows for consideration...