Markets

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...

Just Dial Stock Surges 17% as Sequential Earnings Soar; New Leadership Announced Ahead of Strategic Shift Just Dial shares skyrocketed over 17 percent on Monday after releasing impressive first-quarter earnings, driven by strong sequential growth. The stock climbed to Rs 662 per share on the NSE, marking a significant day for the company and completing its biggest single-day gain in two years.The rally was fueled not only by the profit announcement but also by crucial changes in senior management, including the appointment of a new CEO-designate and Chief Financial Officer (CFO). The results signaled robust operational health despite leadership transitions planned over the coming months.Strong Profit Margins Drive Market Rally Just...

RBI Drives Liquidity Absorption: Banks Absorb ₹1.14 Lakh Crore as Policy Tools Are Deployed Central Bank’s Operations and Liquidity Management The Reserve Bank of India (RBI) has maintained tight control over market liquidity, conducting key money market operations designed to manage systemic flows. The bank successfully absorbed a net amount of ₹1,14,776.18 Crore through its various operational mechanisms, covering both today's actions and outstanding commitments.Today’s operations alone resulted in an absorption of ₹1,71,544.00 Crore. This significant injection management highlights the RBI’s proactive stance in stabilizing short-term market conditions.Key Facility Rates and Market Stance The central bank utilized its policy...

BlueStone Bets on High Streets to Double Store Network Amid India's Mall Space Shortage BlueStone Jewellery, backed by Prosus, is aggressively pivoting its expansion strategy. The company aims to more than double its store network and nearly double its retail workforce by fiscal 2030. This ambitious growth plan pivots away from premium mall real estate, concentrating instead on leveraging the massive potential of India's high streets.The move comes as data highlights a significant shortage of Grade A commercial property across the country. Anarock reports that India possesses only about 110 million square feet of Grade A mall stock. This figure stands in stark contrast to China with over 400 million square feet and the United States...

SEBI Overhauls Ethics: Two-Year Cooling Period Mandated as Regulator's Conflict Rules Are Comprehensively Rewritten Market regulator Securities and Exchange Board of India (SEBI) has introduced sweeping reforms designed to substantially strengthen its internal ethics framework. These changes significantly curb potential conflicts of interest by instituting a two-year cooling-off period for former employees. The amendments also mandate staff disclosure of all future job negotiations, enhancing the guardrails protecting SEBI’s independence and integrity.Notified through the SEBI (Employees' Service) (Amendment) Regulations on July 11, these reforms represent one of the most comprehensive updates to the regulator's employee conduct rules...

Prabhhans Industries Ltd. Schedules Board Meeting for Q1 2026 Un-Audited Results Review Prabhhans Industries Limited has scheduled a meeting of its Board of Directors to review and approve the Standalone Un-Audited Financial Results for the quarter ended June 30, 2026. The meeting is set to be held on Thursday, July 16, 2026, at the Company's corporate office located in Ludhiana, Punjab.The agenda for the Board includes considering and approving the Un-Audited Financial Results for the quarter ended June 30, 2026. Additionally, the directors are tasked with discussing any other matters as may be decided by the Board of Directors.In operational updates regarding internal trading policies, Prabhhans Industries confirmed that the...

B. P. Capital Ltd Designates New Premises as Corporate Office in New Delhi B. P. Capital Limited announced that its Board of Directors has designated a portion of premises in New Delhi as the company's Corporate Office. The decision was made during a meeting held on Monday, July 13, 2026.The board approved the designation to facilitate and support the company's corporate, administrative, and operational functions. This move allows B. P. Capital Ltd to centralize its key business activities at the new location.The designated Corporate Office is located at Office No. 712, 7th Floor, Indraprakash Building, 21, Barakhamba Road, New Delhi -110001.Details regarding the board meeting included that it commenced at 11:00 A.M. and concluded...

Clean Max Enviro Energy Solutions Ltd Allots 8,740 Equity Shares Following Stock Option Exercise and Bonus Issuance Clean Max Enviro Energy Solutions Ltd has completed the allotment of a total of 8,740 equity shares following the exercise of vested stock options and a bonus issuance. The board's Stakeholders Relationship Committee approved the action on July 13, 2026.The allotment comprises two components: 4,370 equity shares resulting from the exercise of vested stock options, and 4,370 bonus shares issued in the ratio of 1:1. This transaction is part of the Clean Max Enviro Energy Solutions Limited Employee Stock Option Scheme 2015 (CMES ESOS).The newly allotted equity shares are pari-passu with the existing equity shares of the...

Puravankara Reports 28% YoY Growth in Pre Sales; Adds ₹5,200 Crore GDV Pipeline Puravankara Limited, an established name in India's real estate sector, reported a strong start to the fiscal year, recording a 28% year-on-year (YoY) growth in pre-sales for the first quarter of FY27. The company also saw a significant surge in collections and expanded its development pipeline with four new land transactions.For Q1 FY27, Puravankara recorded pre-sales totaling ₹1,439 crore. Collections increased by 40% year-on-year (YoY) to reach ₹1,199 crore, indicating sustained customer confidence and effective delivery execution. Sales area for the quarter amounted to 1.36 million square feet (msft), a 9% increase compared to the same period last...

Intellect's eMACH.ai Custody Wins Three Deals at NBFC Institutions, Reinforcing Market Leadership Chennai (India), July 13, 2026: Intellect Design Arena Ltd., a global provider of AI-First, enterprise-grade financial technology, has secured three strategic customer engagements for its eMACH.ai Custody solution. These deals come from Non-Banking Financial Services (NBFC) institutions and highlight Intellect’s growing role in providing the necessary infrastructure to facilitate modern custody and asset servicing operations within the financial services sector.The increased demand for sophisticated custody and asset servicing capabilities is driven by the evolving financial landscape, with NBFCs actively seeking expansion beyond their...

Ganesh Housing Ltd. to Hold Board Meeting to Approve Unaudited Financial Results for Q1 FY27 Ganesh Housing Ltd. announced that its Board of Directors will convene on Friday, July 24, 2026. The primary agenda item for the meeting is the approval and recording of the company's Standalone and Consolidated Unaudited Financial Results.The financial results pertain to the quarter ended June 30, 2026. These unaudited figures are prepared in accordance with Indian Accounting Standards (IND AS).GANESHHOU Stock Price Movement As of 11:56 AM, shares of GANESH HOUSING LIMITED are slipping by 0.10% in live trading, currently at ₹868.95. The stock trades amidst moderate activity, with a total volume of 47,846 shares exchanged so far today.

Foreign Investor Surge: Global Funds Pump Nearly $1.6 Billion into Indian Stocks Amid Earnings Optimism Strong Inflows Fuel Optimism as International Investors Pile Into Indian Equities Foreign investors demonstrated strong confidence in the Indian market last week, injecting nearly $1.6 billion of capital into domestic equities. This significant inflow marks a substantial boost for the stock market, signaling renewed international interest. Global funds were recorded as net buyers of $1.3 billion of Indian stocks over the four days leading up to July 9.Provisional data from Friday indicated that foreign investors continued this trend, buying an additional $272 million in local shares. This momentum is particularly noteworthy given...