Markets

Maris Spinners Ltd. Schedules Board Meeting to Discuss Q1 Financial Results Maris Spinners Ltd. has scheduled a forthcoming Board Meeting to review significant operational matters, including the unaudited financial results for the quarter ended in June.The Board Meeting is set to be held on Friday, August 7, 2026, beginning at 10:15 AM.The agenda items for the meeting include considering and approving the unaudited financial results for the recently concluded quarter. Additionally, members will consider and approve any other subjects with the permission of the Chairman.Stock Price Movement As of 11:19, Maris Spinners Ltd. is ticking up at ₹28.44, climbing 3.80%. The shares moved within an intraday range between the low of ₹26.85...

MTNL Reports Financial Debts and Defaults for Quarter Ended June 30, 2026 Mahanagar Telephone Nigam Limited (MTNL) has reported its financial indebtedness and default status as of the quarter ended June 30, 2026. The company's total financial indebtedness stands at Rs 37,223 Crore.The financial position includes details regarding loans from banks and financial institutions, as well as unlisted debt securities (NCRPS). MTNL reported that the total amount outstanding for loans and revolving facilities, such as Cash Credit from Banks/Institutions, was Rs 9,495 Crore. Of this amount, Rs 3,897 Crore represented a default, comprising Rs 2,196 Crore in Principal Repayment and Rs 1,701 Crore related to Interest payment.The details...

Torrent Power Limited Announces 22nd Annual General Meeting for FY 2025-26 Torrent Power Limited has scheduled its 22nd Annual General Meeting (AGM) for members. The AGM is set to be held on Monday, August 03, 2026, at 09:30 am IST. Shareholders are invited to attend the meeting through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM).The company has issued the Notice of the 22nd AGM along with the Integrated Annual Report for the Financial Year 2025-26. This notice was sent electronically to members whose email IDs are registered with the Registrar and Share Transfer Agent (RTA) or Depository Participants (DPs).For those members whose email ID is not registered against their demat account or folio number, Torrent...

BikeWo Green Tech Signs Strategic MoU with Kwik Flite Support to Build Multimodal Aviation Logistics Platform BikeWo Green Tech Limited has entered into a strategic Memorandum of Understanding (MoU) with Kwik Flite Support Private Limited, operating under the brand KlikAir. The collaboration aims to jointly evaluate and develop an integrated air cargo, aviation logistics, and multimodal freight platform designed to complement BikeWo's growing mobility ecosystem.The partnership marks a significant step toward realizing BikeWo’s long-term vision of creating a comprehensive mobility and logistics ecosystem that seamlessly integrates road transport, air transport, and future technology enabled transportation networks.Under the scope of...

Laser Power Infra IPO Surges to 2.5X as Market Gears Up for Listing Amid Profit Surge The initial public offering (IPO) of Laser Power & Infra is showing robust demand on its final day of subscription, having been subscribed approximately 2.5 times by the morning of July 13. The Kolkata-based power transmission equipment manufacturer has generated significant interest from investors ahead of its listing on the BSE and NSE, scheduled for July 16.The IPO, with a total size of Rs 742 crore, received bids for 6,62,79,500 shares against 2,55,86,207 shares offered. Demand was particularly concentrated in the institutional and retail segments. Non-institutional investors (NIIs) showed strong enthusiasm, with their quota subscribed at 7.22...

Pushpsons Industries Ltd. to Hold Board Meeting to Review Q1 Un-Audited Financial ResultsBoard of Directors meeting for Pushpsons Industries Ltd. has been scheduled, with the primary focus being the consideration and approval of the un-Audited Financial Results for the quarter ended June 30, 2026.The company's Board of Directors is set to convene on Thursday, August 13, 2026, at its registered office in New Delhi.The meeting agenda includes addressing the un-Audited Financial Results (Standalone) for the quarter that concluded on June 30, 2026. In addition to reviewing these financial outcomes, the board members are required to consider any other business with permission of the Chair.Stock Price Movement As of 10:06, Pushpsons...

Shanthi Gears Appoints Interim CFO Following Change in Financial Leadership Shanthi Gears Limited announced the appointment of Mr. Sukanta Kumar Panigrahi as the Interim Chief Financial Officer (CFO) following a change in the company's financial leadership. The decision was made by the Board of Directors during a meeting held on July 13, 2026.The appointment comes after the CFO, Mr. Sudhir R, communicated his inability to join the Company due to personal reasons. As part of the board decisions, Mr. Sukanta Kumar Panigrahi was appointed with immediate effect to hold office until a regular CFO is identified and takes charge.Profile of Interim Chief Financial Officer The appointment includes appointing a qualified Chartered Accountant...

BCL Industries boosts distillery capacity to 550 KLPD following ethanol expansion commissioning in Bathinda BCL Industries Limited has completed a major brownfield expansion at its facility in Bathinda (Punjab), significantly increasing the capacity of its grain-based distilleries. The company announced the completion of another 150 KLPD dedicated Ethanol plant, which brings the total distillery capacity at the Bathinda unit to 550 KLPD.The commissioning of this expanded ethanol unit underscores BCL Industries' commitment to scaling up its operations in Punjab.Commenting on the expansion, Managing Director Mr. Rajinder Mittal stated that the company is extremely delighted with the milestone. He noted that this brownfield expansion...

Pace Digitek Subsidiary Signs Strategic MoU with Bondada Renewable to Strengthen BESS Supply Ecosystem Bengaluru, July 13, 2026 — Pace Digitek Limited's subsidiary, Lineage Power Private Limited (LPPL), has signed a strategic Memorandum of Understanding (MoU) with Bondada Renewable Energy Private Limited. The agreement was formalized during the 12th India Energy Storage Week (IESW) 2026, held at IICC, Yashobhoomi, New Delhi.This collaboration solidifies Pace Digitek's commitment to product-led growth within India's rapidly expanding Battery Energy Storage System (BESS) ecosystem. The MoU establishes LPPL as a preferred BESS supply partner for future projects.Under the terms of the agreement, LPPL will support clients by supplying...

Aarvi Encon Limited announces details for 38th Annual General Meeting and dividend record date Aarvi Encon Limited has announced key dates regarding its upcoming corporate meeting and provided details concerning shareholder eligibility for a potential dividend payout related to the financial year ended March 31, 2026.The company stated that the 38th Annual General Meeting (AGM) of the members will be held on Friday, August 14, 2026. The meeting is scheduled for 11:00 A.M IST and will be conducted through Video Conferencing or Other Audio Visual Means.Regarding dividend distribution for the financial year ended March 31, 2026, the record date to determine members eligible to receive a dividend, if declared at the AGM, has been set as...

Secret Crossings Surge in Hormuz as Geopolitical Tensions Force Ships into 'Dark Passage' A secretive flow of maritime traffic has been observed passing through the Strait of Hormuz amid continued friction between the United States and Iran. While observable ship passages have significantly dwindled, indicators show that numerous vessels are transiting the vital waterway with their tracking equipment intentionally turned off.Preliminary data analyzed by Bloomberg News indicates a marked shift in how ships are navigating this volatile corridor. Six commodity carriers were found to be crossing Hormuz on Sunday while having deliberately switched their transponders off. These unofficial and unobserved passages have outnumbered verifiable...

Mahanagar Telephone Nigam Limited Reports Default in Principal and Interest Payments to Banks Mahanagar Telephone Nigam Limited (MTNL) has reported a default in the payment of principal installment and interest to several banks as of June 30, 2026. The company disclosed details regarding these obligations and the extent of the non-payment across various financial institutions.The total outstanding borrowings from banks stand at Rs 9,495 crore. This figure reflects MTNL's obligation related to principal and interest payments as reported on June 30, 2026.MTNL's overall financial indebtedness stands at Rs 37,223 crore. This includes short term and long term debt, incorporating the Bank Loan of Rs 9,495 crore, SG Bond of Rs 24,071...

Nectar Lifesciences Limited Shifts Registered Office in Dera Bassi Nectar Lifesciences Limited has formally approved and announced the shifting of its registered office. The move ensures that the company continues to operate from premises located within the same city, town, and state.The change in the registered address is effective from July 15, 2026.Previously, the Company was based at Shop No. 5, SL Enclave, Behind Sohi HP Gas Agency, Barwala Road, Dera Bassi, Distt. S.A.S Nagar, Punjab- 140 507.The new registered office address is Showroom no. 8, First Floor, Patiala Complex, Barwala Road, Dera Bassi, Distt. S.A.S Nagar, Punjab- 140 507.Nectar Lifesciences Limited stated that this change in the Registered Office falls within...

B2B Software Technologies Ltd To Hold Board Meeting to Approve Financials and Review ReportsB2B Software Technologies Ltd has scheduled a board meeting for Friday, July 17, 2026, at its registered office. The meeting is set to address the approval of financial statements and review reports pertaining to the quarter ended June 30, 2026.The agenda for the Board Meeting includes reviewing and approving the Un-audited Financial Statements (both Standalone and Consolidated) for the specified quarter. Additionally, the company will review the Limited Review Report for the quarter ended June 30, 2026.Attendees will also be permitted to discuss other business with the consent of the Chair.Stock Price Movement B2B Software Technologies...

QGO Finance Ltd Approves Issuance of Non-Convertible Debentures in Private Placement QGO Finance Limited announced that its Board of Directors approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis during a meeting held on July 13, 2026. The issuance involves 600 NCDs, each valued at Rs 1,00,000, aggregating to a total amount of Rs 6,00,00,000 (Rupees Six Crores Only).The issuance is structured as a private placement and the securities will not be listed. The purpose of the NCDs is detailed in the company's disclosure, which outlines the terms and tenure of the financial instrument.Key details regarding the Unsecured, Unlisted, Redeemable Non-Convertible Debentures...

SBI Funds Management IPO Set for Massive Listing Rally as Grey Market Signals 16 Percent Surge SBI Funds Management Ltd., India’s pre-eminent asset management company, is poised to launch its Initial Public Offering (IPO) tomorrow, July 14. The public issue is scheduled to raise Rs 11,692.91 crore and has immediately generated intense interest in the grey market. This IPO provides a significant opportunity for investors keen on exposure to the asset management sector.Market tracking platforms are projecting robust gains ahead of the listing. Both Investorgain and IPO Watch have set the Grey Market Premium (GMP) at Rs 89 per share. This premium suggests a potential listing gain nearing 16 percent over the upper end of the fixed price...

Swiggy Instamart Plummets as FSSAI Issues 9 Notices Over Rotten, Expired Food Products Swiggy Instamart witnessed a sharp decline following the Food Safety Standards Authority of India (FSSAI) issuing nine notices to the quick-commerce platform. The regulatory action was triggered by multiple severe consumer complaints alleging the supply of rotten, expired, and contaminated food products through the service. At 10:44 am on July 13, Swiggy shares were trading 1.2% lower, hitting Rs 269.88 apiece.The FSSAI’s notices mandate that the platform submit a detailed explanation and compliance report. Failure to comply will lead to the initiation of appropriate legal action by the authorities. The regulator emphasized that these actions are...

Eco Recycling Ltd to Form 50:50 Joint Venture with Electronic Recyclers International in India Eco Recycling Limited (Ecoreco) has agreed to form a significant strategic alliance with Electronic Recyclers International, Inc. (ERI), USA. The company's Board of Directors is scheduled to convene on Monday, July 20, 2026, to consider and approve the proposal for establishing a 50:50 Joint Venture Company in India.The meeting agenda includes approving the formation of the Joint Venture entity with ERI, as well as reviewing and signing the final Shareholders' Agreement (SHA) and Operating Agreement for the proposed venture.Scope of the Alliance Eco Recycling Limited and ERI have finalized the governing agreements following extensive...

LTM Partners with Anthropic to Drive Enterprise Adoption of Claude and Accelerate AI TransformationsMumbai: LTM, a global technology services firm, has announced a strategic partnership with Anthropic, the company behind frontier AI model Claude. The collaboration aims to accelerate enterprise-scale adoption of Claude, Claude Code, and Claude Cowork across various workflows in engineering, modernization, and business operations.LTM will leverage its expertise in enterprise implementation to assist clients in transitioning from initial pilot projects to full production deployment. This process is designed to achieve market-leading productivity, throughput, and quality while ensuring assurance and transparency. The partnership will...

Millworks Technologies SME IPO Set for Massive Rally as Grey Market Premium Surges Past 120% Ahead of July 14 Launch The investor excitement surrounding the Millworks Technologies SME initial public offering (IPO) is reaching a fever pitch. The company's grey market premium (GMP) has surged significantly, signaling robust interest ahead of its public subscription opening on July 14. This high momentum positions the IPO for potentially strong listing gains as investors await the allocation process.Grey Market Premium Signals Strong Investor Interest The GMP data suggests that Millworks Technologies is poised for a major debut. As reported by Investorgain and IPO Watch, the premium stood at Rs 331 per share on July 13, indicating an...