Markets

Anand Lohia Resigns from Post as Company Secretary at Bright Solar Limited Bright Solar Limited has seen a change in its leadership structure with the resignation of its Company Secretary, Anand Lohia.The departure was confirmed on 13/07/2026, when Mr. Lohia tendered his resignation from the role within the company.In his resignation communication, Mr. Lohia expressed gratitude for the opportunities and professional growth experienced during his tenure with Bright Solar Limited. He requested the company to accept his resignation and relieve him of his duties upon completion of all necessary handover and clearance formalities.

Corporate Updates: Matrimony.Com Announces 25th AGM; LohiaCorp Launches Initial Public Offer Several major corporate entities reported significant events this week, including the announcement of a general meeting for Matrimony.Com Limited and the launch of initial public offerings (IPOs) by LohiaCorp Limited and Equrus Capital Private Limited.IPOs and Share Offering Details LohiaCorp Limited announced its Initial Public Offer (IPO), offering up to 104,259,910 equity shares. The company is offering these shares at a price of Rs 1 per equity share, with a face value of Rs 11 each.The IPO includes an offer for sale of up to 1,259,970 equity shares, comprising allotments from Rajvir Kumar Lohia (up to 1 million), Gaurav Lohia (3,578,000...

Crude Oil Prices Surge Past $78 as US Strikes on Iran Intensify Geopolitical Tensions Brent crude futures saw a significant rally on Monday, jumping over 3% to $78.52 per barrel. This dramatic surge was triggered by fresh geopolitical tensions following reported US strikes against targets in Iran. The volatility reflects heightened global concerns regarding oil supply stability from the volatile Middle East region.Escalating Geopolitical Tensions Drive Crude Rally The rally came after reports detailed US military action targeting dozens of Iranian facilities. These strikes were aimed at reducing Tehran's capacity to threaten commercial shipping through the critical Strait of Hormuz. Despite Iran claiming that the strategic waterway...

Merchandise and Services Exports Surge: India Crosses US$ 232 Billion Mark as Global Trade Deficit Widens India’s trade performance shows a significant uplift in exports for the April-June 2026-27 quarter, with cumulative merchandise and services exports estimated at US$ 232.73 Billion. This marks an estimated growth of 11.37% compared to the previous quarter. The performance was driven by robust growth across key manufactured goods and specialized service sectors.The total imports for the period were estimated at US$ 270.15 Billion, indicating a widening trade deficit of US$ 37.42 Billion in the quarter. This data provides insight into both domestic industrial strength and evolving global market dynamics.Merchandise Exports Reach...

Pondy Oxides and Chemicals Limited Announces Equity Share Subdivision Plan Pondy Oxides & Chemicals Limited has announced plans for a sub-division or split of its equity shares, following approval by shareholders via Postal Ballot on July 2, 2026. The company's board has established the necessary dates to execute this corporate action.The move involves converting the existing fully paid up equity shares into new shares at a lower face value. Currently, each equity share holds a face value of Rs 5 (Rupees Five only). This share will be sub divided or split into requisite number of new equity shares having a face value of Rs 2 (Rupees Two only). The new shares are set to rank pari-passu in all respects with the existing shares.The key...

Oswal Yarns Ltd to Hold Board Meeting for Unaudited Financial Results Review Oswal Yarns Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ended June 30, 2026. The board meeting is set to be held on Tuesday, July 28, 2026, at the company's registered office.The primary agenda item for the gathering includes considering and taking on records the Unaudited financial Results pertaining to the quarter concluded on June 30, 2026.Separately, the trading window for the securities of Oswal Yarns Limited remains closed. The period, which commenced on Wednesday, July 1, 2026, will continue to remain shut until the end of 48 hours following the declaration of the...

Jain Resource Recycling Provides Corporate Guarantee of Up To INR 50 Crore to Facilitate Joint Venture's Financing Jain Resource Recycling Ltd has extended a corporate guarantee in favor of ICICI Bank Limited. This commitment is designed to secure working capital and other short-term facilities for its joint venture company, Jain CY Circular Solutions Private Limited.The guarantee provided by the listed entity is for an amount not exceeding INR 50,00,00,000/- (Indian Rupees Fifty Crore only). This measure supports the operational needs of the joint venture as it secures necessary financing.Key details regarding the corporate guarantee and its associated parties have been confirmed:ParticularsDetailsBeneficiary of the...

Aster DM Quality Care Completes Share Allotment Post-Amalgamation, Boosting Equity Base Aster DM Quality Care Limited has completed the allotment of a significant number of equity shares following its amalgamation process. The company approved the issuance of fully paid up equity shares to eligible shareholders of the erstwhile Transferor Company, aligning with the terms specified in the Scheme of Amalgamation.The Board of Directors passed a resolution on July 13, 2026, approving the allotment of 35,35,51,410 fully paid up equity shares of its company. These shares were allotted to the eligible equity shareholders of the former Transferor Company at a face value of INR 10/- each.The allotment followed an approved share exchange...

ICICI Prudential Asset Management releases Q1 2026 Unaudited Financial Results; Revenue Reaches 17,450.2 Million ICICI Prudential Asset Management Company Ltd has released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, which have undergone a limited review by Walker Chandiok & Co LLP, Chartered Accountants, Statutory Auditors of the Company.The company's performance for the reviewed quarter showed Total Income of 17,450.2 Million Indian Rupees (IR) in million. Profit before tax stood at 12,806.5 Million IR. The company recorded a profit for the period of 9,646.3 Million IR.The unaudited financial results detail income and expense metrics across the last four...

NIIT Learning Systems Recognized as Market Leader in 2026 Fosway AI Assessment for Digital Learning NIIT Learning Systems Limited, a leader in managed learning services, has been recognized as a market leader in the 2026 Fosway AI Market Assessment for Digital Learning. The independent assessment focused on tracking how vendors apply artificial intelligence across digital learning, distinguishing between marketing claims and actual live market delivery.The research highlights NIIT Learning’s strong performance in the field of real-time AI application, noting that the company possesses the largest number of live AI features among all assessed vendors. This achievement comes alongside a significant year-on-year increase in live...

Emcure Pharmaceuticals Acquires Remaining Stake in Gennova Biopharmaceuticals, Paving Way for Wholly-Owned Subsidiary Status Emcure Pharmaceuticals Ltd has announced the acquisition of remaining shares in Gennova Biopharmaceuticals Limited, a subsidiary company. The transaction involves purchasing 663,865 Equity Shares from all individual shareholders, with the move set to make Gennova a wholly-owned subsidiary of Emcure.The acquisition details confirm that Emcure will now hold 100% control over Gennova. Prior to this purchase, Emcure held an 87.95% stake in Gennova.The total consideration for the acquisition is Rs. 2,318.7 Million, payable in cash across one or more tranches upon closing. The company has entered into Share Purchase...

Vantage Knowledge Academy Ltd to Hold Board Meeting to Discuss UK Subsidiary and Shareholder OffersVantage Knowledge Academy Ltd has scheduled a meeting of its Board of Directors for Saturday, July 18, 2026. The meeting will cover several key strategic decisions, including international expansion, internal organizational changes, and an initiative targeting shareholder benefits.Among the critical items set for deliberation is the formation of a subsidiary in the United Kingdom (UK). This new entity is intended to promote and enhance the educational business activities currently undertaken by the company.The Board agenda also includes consideration and approval of the proposal for reclassifying promoters, as required under relevant...

ACE Edutrend Ltd Reports Resignation of Company Secretary and Compliance Officer ACE Edutrend Limited has announced changes in its Key Managerial Personnel following the resignation of Ms. Nidhika Bharti from the roles of Company Secretary and Compliance Officer. The departure is effective as of July 13, 2026.Ms. Nidhika Bharti tendered her resignation due to medical condition, ceasing her duties as the Company Secretary and Compliance Officer at the close of business hours on July 13, 2026. As a result of this transition, she will also cease to be Key Managerial Personnel (KMP) under relevant provisions of the Companies Act 2013 and regulations governing disclosures for the company.The resignation pertains to her duties as Company...

NIIT Learning Systems Ltd Board Meeting Scheduled to Approve Unaudited Financial Results for Quarter Ended June 30, 2026NIIT Learning Systems Ltd has scheduled a meeting of its Board of Directors to consider and approve the company's financial results. The board meeting is set to take place on Thursday, July 23, 2026.The primary agenda item for the scheduled meeting is the consideration and approval of the Unaudited Financial Results for the quarter that ended June 30, 2026. This includes both Consolidated and Standalone financial results of the company.NIITMTS Stock Price Movement NIIT Learning Systems Limited shares closed higher today, settling at ₹255.11 after advancing 5.59% in post-market trading. The equity saw strong...

Jubilant Ingrevia Announces Board Meeting to Review Q1 Financial Results Jubilant Ingrevia Ltd has scheduled a meeting of its Board of Directors to review the financial performance of the company for the quarter ended June 30, 2026. The board meeting is set to take place on Wednesday, July 22, 2026.The primary agenda item for the upcoming meeting will be considering the Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter of the fiscal year ending June 30, 2026. The company has made arrangements for these documents to be available on its corporate website.JUBLINGREA Stock Price Movement Jubilant Ingrevia Limited rallied today in the post-market session, finishing at ₹733.2 after surging by...

Retail Inflation Surges to 4.38%: Food Prices and Transport Costs Push Headline Index Above RBI Comfort Band India's retail inflation accelerated significantly in June, reaching 4.38 percent, up from 3.93 percent in May. This rise marks the highest inflation print seen in six months and indicates that headline inflation has surpassed the Reserve Bank of India's (RBI) 4 percent target. Government data released on July 14 highlights food prices and transport-related costs as the primary drivers behind this upward trend.Food Prices Drive Inflationary Pressure Food inflation emerged as the single largest factor contributing to the increase in consumer price index (CPI). It rose sharply to 5.32 percent in June, up from 4.78 percent in May...

Tirupati Innovar Discontinues Ahmedabad Corporate Office to Boost Operational Efficiency Tirupati Innovar Limited announced that it will discontinue its corporate office located in Ahmedabad, effective July 13, 2026. The decision was made by the Board of Directors following a meeting held on Monday.The company stated that the closure of the specific office is an administrative step taken to enhance operational efficiency and optimize resources. Tirupati Innovar assured that its business operations will proceed without interruption following this change.In addition to closing the Ahmedabad office, the company confirmed plans regarding its statutory records. All statutory registers and the Books of Account previously maintained at the...

Real Estate Explodes: Delhi High Court Slams Fixed Limits as "Modest" Property Disputes Breach ₹2 Crore Ceiling The judiciary is grappling with a major economic reality in India’s capital. The Delhi High Court has highlighted how rapidly soaring real estate prices are outpacing legal jurisdiction limits, creating systemic strain on the court system. Even disputes involving relatively modest residential properties are now frequently exceeding the existing pecuniary threshold of ₹2 crore.The Crisis of Pecuniary Jurisdiction Pecuniary jurisdiction refers to the monetary value up to which a court is legally permitted to hear and decide civil cases. Currently, this limit stands at ₹2 crore for civil and district judges in Delhi. Cases...

Oriana Power Limited Announces Equity Share Split and Capital Structure Alteration Oriana Power Limited has approved a significant corporate action involving the sub-division or split of its existing equity shares, alongside related amendments to the Company’s Memorandum of Association. The decision was made by the Board of Directors during a meeting held on July 13, 2026.The core of the decision is the conversion of the existing equity share capital. Under the approved plan, each fully paid-up equity share with a face value of Rs. 10/- (Rupees Ten only) will be split into five new fully paid-up equity shares, each carrying a face value of Rs. 2/- (Rupees Two only).This move represents an alteration of the Company's authorized...

Blue Cloud Shares Surge as SpaceX International Seals Five-Year Mega Deal for AI Services Blue Cloud Stock Rockets Following Landmark SpaceX Partnership Blue Cloud Softech Solutions shares experienced a significant surge on Monday, hitting the 5 percent upper circuit. This strong market reaction followed the company's announcement that its US subsidiary has executed a major Master Services Agreement (MSA) with SpaceX International Ltd. The deal is centered around providing advanced artificial intelligence (AI) services.The stock saw sharp gains in early trading. It rose by 5 per cent to Rs 21.68 on the BSE before settling marginally lower at Rs 21.66, representing a gain of 4.89 per cent. This move signals strong investor confidence...