Markets

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...

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...