Markets

Somany Ceramics Approves Multiple Investments: Funding Expansion and International Presence Somany Ceramics Limited has made significant strategic investment decisions following a board meeting on July 13, 2026, approving investments across three distinct entities. The company accorded in-principle approval for acquiring stakes in two external companies and approved an additional investment into its subsidiary, Sudha Somany Ceramics Private Limited (SSCPL), aiming to bolster manufacturing capacity and strengthen international presence.The proposed acquisitions involve interests in Siravit Ceramics Private Limited and V.S. Industries Private Limited. The company plans to invest up to Rs. 58.80 crore in M/s. Siravit Ceramics Private...

H.G. Infra Engineering Declared L-1 Bidder for Rajasthan ITI Upgradation Project H.G. Infra Engineering Limited has been declared as an L-1 Bidder by the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan. The project involves the upgradation of Industrial Training Institutes (ITIs) under the National Scheme for ITI Upgradation Bhiwadi cluster.The contract is structured as a Public Private Partnership (PPP) model and is categorized as a domestic transaction. This assignment represents a significant business development opportunity for the company in the industrial infrastructure sector.Details regarding this domestic project, including its scope and financial dimensions, are as follows:ParticularsDetails...

Dr. Reddy's Laboratories Announces Q1FY27 Results Release and Earnings Call Details Hyderabad: Dr. Reddy's Laboratories Ltd. has announced the release of its financial results for the quarter ending June 30, 2026. The company will release these Q1FY27 results on Wednesday, July 22, 2026, following a Board Meeting.The company also scheduled an earnings call to discuss its financial performance subsequent to the results announcement.Dr. Reddy's Laboratories Ltd. (stock codes including BSE: 500124 and NYSE: RDY) is set to host the earnings call on Wednesday, July 22, 2026. The meeting is scheduled for 19:30 PM IST / 10:00 AM ET.A summary of the related events has been provided by the company:EventDate and TimeAvailability Medium...

Blue Cloud Softech Solutions USA Secures Five-Year Master Services Agreement with SpaceX International for AI Services Blue Cloud Softech Solutions Limited (BCSSL) has announced that its United States subsidiary, Blue Cloud Softech Solutions Ltd - USA (BCSSL-USA), has executed a definitive five-year Master Services Agreement (MSA) with SpaceX International Ltd. This agreement follows previous discussions between the parties and marks a significant development in BCSSL’s global AI business expansion.Under the terms of the MSA, BCSSL-USA is positioned to provide a wide range of services to SpaceX International Ltd. These services include Artificial Intelligence (AI) infrastructure, cloud-native AI platforms, enterprise AI solutions, AI...

Thomas Cook India Launches Zero Markup Forex Card for International Travellers Thomas Cook (India) Limited, a major provider of omnichannel foreign exchange services, has introduced the Zero Markup Card. The card relaunches its One Currency Card offering zero mark-up and zero cross-currency conversion charges, targeting digitally savvy travellers who seek cost efficiency and protection against currency volatility during international trips.The new product combines modern travel card convenience with the benefits of a prepaid forex card. This feature allows customers to lock in foreign exchange rates prior to travel, which provides safeguards given the global fluctuations witnessed across various currencies this year.The Zero Markup...

Lab-Grown Diamond Price Collapse Ignites Jewellery Retail Surge as Market Redraws Space A dramatic correction in lab-grown diamond prices is rapidly transforming India's organised jewellery retail landscape. The unprecedented decline in cost has driven specialised brands to accelerate their offline expansion, leading mall operators to dedicate significantly more space to the category. These changes signal a fundamental shift in how consumers are purchasing significant luxury items.Direct-to-consumer (D2C) brands focusing on lab-grown diamonds are quickly establishing a retail presence across high streets and shopping malls. Retail developers view this segment as one of the fastest-growing areas within organised jewellery retail...

Honeywell Automation India Announces Board Meeting to Approve Q1 Unaudited Financial ResultsHoneywell Automation India Limited has scheduled a meeting of its Board of Directors to consider and approve the unaudited financial results for the first quarter of the financial year ended June 30, 2026.The Board meeting is set to be held on Wednesday, July 29, 2026.In addition to the board meeting, the company also announced changes regarding its insider trading window. The Trading Window for dealing in the Equity Shares of the Company by Designated Persons has been closed. This closure period began on Wednesday, July 01, 2026, and will remain closed until the expiry of 48 hours from the date the aforementioned Financial Results are made...

Bombay High Court Judgment Allows Vadilal Dairy International to Continue Business under "Vadilal" Brand The Hon'ble Bombay High Court has pronounced a judgment in Commercial Arbitration Petition No. 18386 of 2026, which involves Vadilal Dairy International Ltd regarding the use and rights associated with the "Vadilal" trademarks. The proceedings were filed under Section 9 of the Arbitration and Conciliation Act, 1996, by the Company and its promoters.The dispute centers on the interpretation and implementation of various interconnected agreements executed in 1993, which include the Memorandum of Agreement, Brand Agreement, Registered User Agreement, and an Irrevocable Power of Attorney. These documents govern the respective rights of...

Kusumgar IPO GMP Soars at 38 Percent as Record Demand Signals Strong Listing Day Potential The grey market premium (GMP) for the Kusumgar Initial Public Offering (IPO) remains strong, signaling a promising listing debut for the manufacturer of engineered fabrics. With the GMP settling around Rs 160 on Monday morning, investors stand to gain approximately 38 percent based on current indicators. The company is scheduled to finalize share allotment later today, July 13, amidst robust investor enthusiasm.Analyzing the Grey Market Premium and Expected Gains The data indicates that the GMP of Kusumgar shares currently stands at Rs 160. This premium translates into an estimated listing price of approximately Rs 579, significantly surpassing...

Cyber Security Revolution: Indian Government Negotiates Access to Advanced US AI Models to Fortify National Digital Defenses Securing Frontier AI: India’s Strategic Talks with US and Tech Firms The Indian government is intensely engaged in high-level talks with the United States government and major technology corporations. The objective of these discussions is to gain critical access to advanced Artificial Intelligence (AI) models. These frontier systems are crucial for significantly strengthening India's national cyber security capabilities, as confirmed by Electronics and IT Secretary S. Krishnan on July 13.Krishnan emphasized that access to AI systems capable of identifying sophisticated software vulnerabilities is identified as a...

Roadstar Subsidiary PSRDCL Settles Dispute with NHAI for ₹499.09 Crore Pune Sholapur Road Development Company Limited (PSRDCL), a subsidiary of the Roadstar Infra Investment Trust, has finalized a settlement agreement with the National Highways Authority of India (NHAI). The agreement was executed on July 10, 2026, concerning disputes between the two parties.Under the Vivad Se Vishwas-III (MoRTH Contractual Disputes) One-Time Settlement Scheme, NHAI agreed to pay PSRDCL an amount of ₹ 499.09 Crore. This payment represents the full and final settlement of all outstanding disputes between NHAI and PSRDCL.The current dispute stemmed from a prior arbitral award dated November 30, 2017, which originally awarded ₹ 547.96 Crore to PSRDCL...

Goldman Sachs Predicts Bank and Large Cap Surge to Lead India's Next Market Leg Goldman Sachs is signaling a nuanced shift in the coming market cycle, suggesting that the next phase of India’s recovery will be driven by specific value plays rather than broad-based rallies. The brokerage states that institutional investors should expect leadership to move away from crowded sectors towards cheaper and more domestically linked names.The bank's thesis suggests that while previous market enthusiasm was broadly spread, the forthcoming leg up will be highly selective. This view comes after a challenging stretch for Indian equities, with the Nifty reportedly falling 9% in the first half of 2026, placing India among the weakest regional...

India-Japan Security Pact Surges: Leaders Commit to Free, Open Indo-Pacific Amid Strategic Dialogue The foundation of regional stability was reinforced as India and Japan concluded their 8th Defence Policy Dialogue in Tokyo on July 13, 2026. The dialogue saw Indian Defence Secretary Shri Rajesh Kumar Singh lead the Indian delegation, meeting with Mr. Kano Koji, Vice Minister of Defence for International Affairs from Japan. Both nations thoroughly reviewed the extensive progress made in bilateral defence cooperation.The two delegations reaffirmed their commitment to bolstering the already strong India-Japan Special Strategic and Global Partnership. They engaged in comprehensive discussions concerning the prevailing global and regional...

Kirloskar Ferrous Industries Announces AGM Details and Recommends Final Dividend Kirloskar Ferrous Industries Limited (KFIL) has announced key details regarding its upcoming Annual General Meeting (AGM), including the recommendation of a final dividend for the financial year 2025–2026. The company also set specific dates for the record date and electronic voting facility ahead of the meeting.The 35th Annual General Meeting of Kirloskar Ferrous Industries Limited is scheduled to be held on Wednesday, August 5, 2026, at 4:00 p.m. (IST). The AGM will utilize a Video Conferencing (VC) or Other Audio Visual Means (OAVM) facility.Dividend and Record Date The Board of Directors, during its meeting held on June 12, 2026, recommended a Final...

Enterprise International Ltd to Hold Board Meeting for Provisional Financial Results Approval Enterprise International Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the first quarter of fiscal year 2026.The company's board meeting is set to take place on August 6, 2026, at 3:00 P.M. The session will be held at the registered office of Enterprise International Ltd.During the meeting, the Board of Directors is tasked with approving and officially taking on record the Provisional Financial Results for the three months that concluded on June 30, 2026.Stock Price Movement As of 13:45, Enterprise International Ltd. is currently ticking down at ₹20.50 after slipping by...

Permanent Magnets Ltd. Announces Date for 65th Annual General Meeting and Key Timelines Permanent Magnets Ltd. has announced key schedules related to its upcoming Annual General Meeting (AGM), providing details regarding the meeting date, book closure period, record date, and e-voting facility. The company is set to hold its 65th AGM on Wednesday, August 05, 2026.The Annual General Meeting of the company members will be conducted through Video Conference (VC) or other Audio-Visual Means (OAVM).Operational Timelines and Voting Schedule Permanent Magnets Ltd. established specific dates for shareholders to participate in the AGM and determine dividend entitlements. The Record Date, which determines member entitlement to receive a...

AJC Jewel Manufacturers Ltd Subsidiary Opens Third Showroom in Kerala, Boosting Retail Presence AJC Jewel Manufacturers Ltd has expanded its retail network through its subsidiary, Esthara Jewels Private Limited. The company announced the inauguration of its third showroom, marking a significant step in its business expansion strategy.The new outlet was officially inaugurated on July 12, 2026. It is located at Market City Mall in Perinthalmanna, which falls under the Malappuram District of Kerala.The purpose of this recently opened showroom is to undertake the retail sale of silver jewellery. This addition aligns with AJC Jewel Manufacturers Ltd's ongoing commitment to strategic growth and market reach within the jewelry sector...

National Securities Depository Ltd Holds Board Meeting to Approve Q2 Results and Set AGM Dates National Securities Depository Limited (NSDL) has announced a board meeting scheduled for Thursday, July 30, 2026. The meeting is set to address several key corporate matters, including the review of financial performance and the planning stages for the upcoming annual general meeting.The agenda for the Board of Directors includes the consideration and approval of the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report associated with these results.Additionally, the board is mandated to fix the date, time, and method for holding the Annual...

JBM Auto Shares Surge as MoU with Drivn Seals Deal to Supply 500 Electric Luxury Buses JBM Auto's stock rallied significantly in intraday trading after its subsidiary, JBM Electric Vehicles Pvt Ltd., signed a crucial memorandum of understanding (MoU). The deal involves supplying 500 electric luxury buses to the commercial vehicle leasing platform Drivn.The market responded positively to the news, with the stock climbing up to 3.3 percent in intraday trade. At its peak, JBM Auto reached an intraday high of Rs 707.50 on the NSE. Later, while showing some consolidation, shares were trading at Rs 695.30, marking a gain of 1.55 percent around 1:45 pm.Details of the Strategic EV Partnership The partnership between JBM Electric Vehicles...

JSW Infra Shares Surge as Firm Launches Major Port Expansion Project in Kolkata JSW Infrastructure shares saw a significant rally on July 13 after the company incorporated a wholly-owned Special Purpose Vehicle (SPV). This move marks the official commencement of a substantial investment at the Syama Prasad Mookerjee Port in Kolkata.The project, which involves developing the Outer Container Terminal and modernizing Berths 1–5 at Netaji Subhas Dock, represents the start of an ₹832.25 crore expenditure. This initiative is structured under a 30-year DBFOT concession.Expanding Coastal Logistics Capacity This new development is set to add 0.93 million TEUs of annual container capacity. With this addition, the Kolkata Dock System's total...