Markets

Puravankara Stock Jumps 14.55% as Q1 Update Reveals Massive Surge in Pre-Sales and Collections Puravankara Ltd. witnessed a significant surge in its stock price on Monday after the real estate developer released a robust operational update for the first quarter of FY27. The company's share jumped by up to 14.55% in intraday trade, reaching Rs 256.66, driven by strong performance metrics across pre-sales and collections.The Q1 results showcased healthy growth trends, reaffirming the resilience of Puravankara’s business strategy. Pre-sales values increased by 28% year-on-year, reaching an impressive Rs 1,439 crore. Furthermore, cash collections climbed 40%, aggregating to Rs 1,199 crore during the quarter.Quarterly Performance Metrics...

RPG Life Sciences Partners with Archerchem Healthcare for Naprosyn ES Launch in India RPG Life Sciences (RPG LS) has partnered with Archerchem Healthcare to exclusively market and distribute Naprosyn ES across India. The partnership involves launching the combination of Naproxen and Esomeprazole, offering a differentiated anti-inflammatory solution combined with gastroprotection for the first time in the country.Naprosyn ES is marketed as a combination medicine designed to provide effective relief from inflammation while mitigating risks to the digestive system. This product was co-developed by Archerchem Healthcare alongside its development partner. RPG LS will be responsible for the exclusive marketing and distribution of Naprosyn...

NIIT Ltd. Board Meeting Scheduled to Approve Q1 2026 Unaudited Financial Results NIIT Ltd has scheduled a meeting of its Board of Directors to review and approve the company's financial performance for the first quarter of fiscal year 2026.The Board meeting is set to take place on Tuesday, July 21, 2026. The primary agenda item for the meeting includes considering and approving the Unaudited Financial Results for the quarter that ended June 30, 2026. These results will cover both the Consolidated and Standalone financials of NIIT Ltd.NIITLTD Stock Price Movement Shares of NIIT Limited are slipping in live trading at 12:34 PM, shedding 1.94% and currently standing at ₹98.86 as the market continues its daily activity. The stock has...

Creative Newtech Acquires Infinova India to Build Indigenous Surveillance Technology Platform Creative Newtech Limited has announced a strategic move, approving the acquisition of 100% of the equity share capital of Infinova (India) Private Limited. The purchase aims to establish the company's own "Make in India" surveillance technology platform, marking a significant transition from a distribution-led model to an integrated, technology-led business operation.The Board of Directors of Creative Newtech Limited approved the proposed acquisition on July 13, 2026. The budget allocated for this transaction is up to USD 4.00 Million.Acquisition Scope and Rationale The acquisition includes Infinova's operational footprint in India...

Zim Laboratories Allocates Employee Stock Options, Increasing Share Capital to Over ₹53 Crore Zim Laboratories Limited announced the allotment of Equity Shares under its employee stock option scheme, following a resolution passed by its Board of Directors. The move increased the company's paid-up equity share capital significantly.The Board approved the allotment of 1,09,451 fully paid up Equity Shares to eligible employees of the Company and its Subsidiary. These shares were allotted upon the exercise of options vested under the 'ZIM Laboratories Employee Stock Option Scheme (ESOS 2023)'. The event occurred on July 13, 2026, at 11:56 a.m.The allotment resulted in an increase in the company's paid-up equity share capital...

MIC Electronics Ltd Receives Completion Certificates for Railway Projects MIC Electronics Limited has received Letter of Completion/Installation Certificates from Rajkot Division in relation to several projects undertaken for West Central Railway. The certificates cover the provision of coach indicator boards and guidance system installations at various stations under both the Rajkot and Jabalpur Divisions.The completed works encompass major infrastructure improvements across railway stations, ranging from platform-specific signage to advanced signaling and management systems.Projects certified by Rajkot Division include:Provision of Coach Indicator Boards at platforms PF 1 and 3 at SUNR station. Installation of indicator boards...

Aastha Spintex Secures ₹76.78 Crore Order Book for Q3 2026 Amid Capacity Boost Ahmedabad, July 13, 2026: Aastha Spintex Limited, a leading cotton yarn manufacturer listed on the National Stock Exchange (NSE: AASTHA) and Bombay Stock Exchange (BSE: 544808), announced a robust order book valued at approximately ₹76.78 Crores for the four-month period spanning July to October 2026. This cumulative pipeline indicates strong demand traction, reflecting over 21% of the Company's FY 2024-25 revenue.The strengthening visible revenue pipeline comes as a direct result of increased capacity utilization following the integration of Falcon Texotube Private Limited. The expansion significantly enhanced Aastha Spintex’s installed spindle capacity...

Modis Navnirman Limited announces Fifth Annual General Meeting; Corporate filings detail property transactions and banking actions Modis Navnirman Limited has scheduled its Fifth Annual General Meeting (AGM), providing members with both physical and remote e-voting options. The meeting is set for Wednesday, August 57, 2026, at the company's registered office in Kandivali, Mumbai.The AGM notice details that the Commissioner of Brihanmumbai Municipal Corporation invites an online tender related to Solid Waste Management, specifically for hiring a minimum 18 MT payload capacity dumper service across various wards in Zone-2 (City) division. The tender was initiated on July 9, 2026, and runs until July 20, 2026.Members are invited to...

Hatsun Agro Product Ltd Announces Board Meeting Agenda and Trading Window Closure Hatsun Agro Product Ltd has scheduled a Board of Directors meeting to review the company's recent financial performance and address key corporate matters. The company has also specified the period during which the trading window for its securities will remain closed.The Board meeting is set to take place on Tuesday, July 21, 2026. The meeting will be held at the Corporate Office of the company, located at Plot No. 14 (TNHB), TamilNadu Housing Board "A" Road in Sholinganallur, Chennai.The agenda for the directors includes considering and approving several items. These matters are:The Unaudited Financial Results of the Company for the quarter ended...

Emkay Global Financial Services Completes Equity Allotment of 50,000 Shares Following Warrant Conversion Emkay Global Financial Services Ltd announced that its Management Committee approved and finalized the allotment of 50,000 equity shares to Mr. Prakash Kacholia, a Promoter of the company. This transaction was completed on July 13, 2026, following the conversion of warrants into equity shares after the payment of the balance subscription amount.The allotment relates to 50,000 convertible warrants which were converted into fully paid-up equity shares upon receipt of the balance consideration amount of Rs. 179.625 per warrant (which represents 75% of the Total Consideration Amount). The company confirmed that these newly allotted...

Indian Naval Pride Takes Center Stage as INS Sudarshini Sails Through Boston for Global Maritime Gala The Indian Navy's Sail Training Ship, INS Sudarshini, made a commanding entrance into Boston on July 12, 2026. The ship completed a successful journey after participating in the grand celebrations at Sail4th 250 in New York. This milestone marked the ceremonial commencement of the prestigious Sail Boston 2026 event.Under the guidance of Shri Raghuram Sastry, Consul General of India in Boston, INS Sudarshini conducted a ceremonial entry into the city. Sailing proudly with the Indian Tricolour, the vessel navigated past key local landmarks, including Castle Island and the Seaport District. The expedition culminated at Boston Fish Pier...

Pidilite Industries Allots 15,000 Shares Under ESOP-2016; Share Capital Increases Pidilite Industries Ltd has completed the allotment of equity shares to eligible employees under its Employee Stock Option Plan-2016 (ESOP-2016). The allocation was approved by the ESOP Allotment Committee-2016 of the Board of Directors during a meeting held on July 13, 2026.In accordance with the terms set out in the ESOP-2016 Scheme, the company allotted 15,000 equity shares. These shares were issued for cash at par and each carries a face value of Re.1/-.The newly issued equity shares are designated to rank pari passu in all respects with the existing equity shares of Pidilite Industries Ltd.This allotment resulted in an increase in the company's...

Kalyan Jewellers Stock Soars Over 10% as Market Cap Jumps ₹16,500 Crore; Long-Term Outlook Stays Strong Jewellery Retailer Sees Massive Rally and Reaches New Highs Kalyan Jewellers stock continued its impressive uptrend on Monday, rallying by nearly 10 percent. Investors showed strong conviction in the jewellery retailer's future growth potential, driving up the shares further. This sustained rally marks four consecutive sessions of gains for the company.The share price climbed as high as 9.8 percent during afternoon trading, reaching ₹523. The stock’s performance has been exceptional over the last four sessions, adding nearly ₹16,500 crore to its market capitalisation. This impressive surge propelled the company's market cap past...

TCS Wins Mega AI Network Modernization Deal with ABB, Cementing 20-Year Partnership Tata Consultancy Secures Major Multi-Million Dollar AI Network Operations Contract Tata Consultancy Services (TCS) has secured a significant multi-year contract from Swiss engineering giant ABB. The deal involves modernizing and managing ABB’s complex global network operations. This agreement expands the long-standing professional relationship between both companies.The contract requires TCS to take over end-to-end global network operations for ABB. This work will utilize an advanced AI-enabled Network-as-a-Service (NaaS) model. It moves beyond previously managed infrastructure and application support.Scope of the Transformation Programme for ABB...

Creative Newtech Approves Acquisition of Infinova India to Boost Surveillance Technology Platform Creative Newtech Limited has approved the acquisition of 100% equity share capital of Infinova (India) Private Limited, signaling a major strategic move to strengthen its position in the surveillance and electronic security business sector. The decision was made by the Board of Directors at a meeting held on July 13, 2026.The company has set a budget of up to USD 4.00 Million for the proposed acquisition. This expenditure covers the consideration payable to the Infinova Group upon closing, as well as all acquisition-related transaction costs and professional fees.Strategic Rationale for Acquisition The acquisition is designed to give...

Goldman Sachs Upgrades India's Macro Outlook: GDP Forecast Rises, But Growth Still Below Pre-War Levels Goldman Sachs has issued a notably more positive assessment of India's macroeconomic landscape. The brokerage credits easing commodity prices, a stabilising rupee, and resilient domestic demand for the improved outlook. However, the firm cautioned that despite these gains, economic growth is still expected to remain below the levels anticipated before the West Asia conflict.Revising GDP Growth and Inflation Projections The Goldman Sachs analysis involves significant revisions across key macroeconomic indicators. The brokerage has increased its 2026 real GDP growth forecast to 6.8 percent. This figure is an increase from the 5.9...

Oil Shock Looms: OMCs Set for Massive Losses in Q1 Amid West Asia Crisis-Driven Crude Price Volatility State-run oil marketing companies (OMCs) are bracing for significant financial stress in the first quarter of this fiscal year. They are expected to report substantial losses, primarily driven by mounting marketing costs and extreme volatility in global crude prices due to the ongoing tensions in West Asia.Kotak Institutional Equities estimates that OMCs will face a combined pre-tax loss amounting to ₹62,000 crore. Government projections of these losses are even higher, putting the figure closer to ₹75,000 crore. The analysts caution that while gross refining margins may appear elevated in some areas, adverse losses resulting from...

Alacrity Securities Ltd to Hold Board Meeting to Review Un-audited Financial Results for Quarter Ended June 30, 2026 Alacrity Securities Ltd has announced that its Board of Directors will convene a meeting on Thursday, July 16, 2026, at the company's registered office. The primary purpose of the gathering is to review and approve the Un-audited Financial Results (Standalone) along with the Limited Review Report for the quarter ended June 30, 2026.The agenda set for the Board Meeting includes consideration and approval of these financial results after they are reviewed by the Audit Committee. The board members will also address any other matters as permitted by the Chairman.In addition to the meeting announcement, the company...

POWERGRID Infrastructure Investment Trust Unitholding Pattern Reported for Quarter Ended June 30, 2026 The unitholding pattern of POWERGRID Infrastructure Investment Trust (PGInvIT) for the quarter ending June 30, 2026, reflects a structured breakdown of ownership across sponsor and public categories. The total number of outstanding units stood at 90,99,99,200, representing 100.00% of the trust's issued equity structure.The trust’s unit holding was divided into two main components: Sponsor & Sponsor Group holdings (totaling 15.00%) and Public Holding (totaling 85.00%).A detailed look at the ownership structure as of June 30, 2026, shows the following distribution across key investor categories:CategoryTotal Units HeldPercentage...

TCS Surges 4.5% on Multi-Million AI Deal with ABB; IT Index Rises as Firm Responds to Market Disruption Fears Tata Consultancy Services (TCS) saw a significant jump of 4.5% on July 13, driven by the signing of a major multi-million, multi-year deal with ABB. The deal focuses on transforming and scaling ABB’s global network operations using advanced AI technologies. This strong performance led TCS to become the top gainer in the Nifty IT index, which rose by 2.5%.Securing Global Network Operations through AI Partnership The partnership requires TCS to move beyond traditional infrastructure management. The firm will take on end-to-end global network operations for ABB, utilizing an integrated network-as-a-service model. This initiative...