Markets

Tata Capital Limited Announces 35th AGM Date and Appoints Joint Statutory Auditor Tata Capital Limited has announced key operational dates for its upcoming Annual General Meeting (AGM) and confirmed the appointment of a new Joint Statutory Auditor following a Board meeting held on July 13, 2026.The Board approved the convening of the company's 35th AGM, which is scheduled to take place on Wednesday, August 19, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means.In addition to the AGM details, the company set Monday, July 27, 2026, as the Record Date for determining members' entitlement to receive the final dividend for the financial year ended March 31, 2026. The dividend payment is slated for...

Tata Capital Acquires Yogakshemam Loans Limited to Gain Entry into Gold Loan Business Tata Capital Limited (TCL) has announced the approval of an acquisition deal that brings it into the specialized secured lending sector. The company is acquiring a majority stake in Yogakshemam Loans Limited (Yogloans), an RBI-registered Non-Banking Financial Company (NBFC) primarily focused on gold loans. This strategic move aligns with TCL's mandate to expand and diversify its retail lending portfolio across India.The acquisition involves the purchase of equity shares from several designated sellers, including Mr. Unnikrishnan Idicharm Veetil, Mrs. Sathyalakshmy M, Mr. Abhijith Unnikrishnan, Mr. Ramachandran Ottapathu, Mrs. Jalajkumari...

Rupee Plunges as Geopolitical Tensions Surge; Oil Price Jumps Amid US-Iran Missile Exchange The Indian Rupee weakened further today, opening at ₹95.70 against the US dollar after a volatile weekend of geopolitical tensions. The currency movement is heavily influenced by the escalating confrontation between the United States and Iran, which involved massive missile and drone strikes. This renewed global instability has driven Brent crude prices up significantly, fueling concerns among investors.Escalating Tensions Drive Crude Oil Spike Brent crude prices saw a sharp increase, jumping at least 3 percent to trade near $79 per barrel. The oil price surge followed Iran's expansion of its attacks on Gulf states, specifically in response to...

Magellanic Cloud Secures ₹6.92 Crore Contract for Advanced Surveillance Systems from South Central Railway Magellanic Cloud Limited has secured a contract with the South Central Railway, Vijayawada Division, for the design, supply, installation, testing, and commissioning (SITC) of advanced IP-based CCTV surveillance systems across various stations within the division. The agreement is valued at ₹6,92,87,410.55.The project focuses on enhancing security and operational monitoring across multiple railway stations, including key junctions such as Vijayawada, Rajahmundry, Nellore, Kakinada, and Gudur. The scope of work encompasses the deployment of surveillance infrastructure and associated Signalling & Telecommunication (S&T)...

Bitcoin Pulls Back From $64K Surge Amid Escalating US-Iran Tensions Bitcoin experienced a volatile session after briefly piercing the $64,250 mark in early trading on July 13. The crypto behemoth subsequently retreated, currently trading at $62,839 (08:49 IST), marking a decline of 0.65 percent over the last 24 hours and showing a 1.94 percent dip across the past week.The market correction occurs amidst renewed geopolitical uncertainty following the US strikes on Iran. BTC held near the $64,000 level in previous weeks despite elevated tensions.Geopolitical Uncertainty Drives Market Volatility Macro uncertainty has resurfaced after President Donald Trump backed away from a promised ceasefire regarding Iran. This development is...

Flipkart Set to Surge Liquidity By Selling Stake Worth Rs 700–750 Crore in Shadowfax Technologies Flipkart, the e-commerce giant backed by Walmart, has initiated plans to divest a significant portion of its stake in logistics startup Shadowfax Technologies. Industry insiders confirm that the sale is expected to fetch between Rs 700 and Rs 750 crore, marking another instance of portfolio monetization for the tech behemoth.This planned dilution represents Flipkart’s second venture into selling stakes within the rapidly growing logistics sector. This move comes as part of a wider strategy by Flipkart to unlock liquidity following successful exits from BlackBuck and various investments by Aditya Birla group companies.Monetizing...

RBI Curbs Market Speculation: Net Liquidity Absorbed in Money Market Operations as Key Rates Hold Steady The Reserve Bank of India (RBI) released its comprehensive Money Market Operations data for July 10, 2026. The operations highlight a focused management of systemic liquidity, with the central bank absorbing significant net funds across both current and outstanding market activities.The latest figures reveal key insights into short-term borrowing and lending behavior. The Net liquidity injected (or absorbed) from all operational sources stood at -1,13,865.18 ₹ Crore, indicating a controlled environment regarding short-term funding flows.Money Market Dynamics Reflect Stable Rate Environment The overnight money markets saw robust...

DMart's Q1 Results Reveal Margin Resilience But Analyst Caution Mounts Amid Quick Commerce Headwinds Avenue Supermarts (DMart) shares are likely to be under close scrutiny as brokerages maintain a cautious stance following the release of its fiscal first quarter results. While the retail giant demonstrated steady profitability and margin strength, slowing like-for-like (LFL) sales growth and escalating pressure from quick commerce competitors continue to cloud the near-term growth outlook for the company.DMart's Q1 Financial Performance Highlights DMart reported a consolidated net profit rise of 11.3 percent year-on-year, reaching Rs 860.6 crore for the quarter ended June. Revenue grew by 14.9 percent, recording Rs 18,794 crore...

TCS Reshuffles Leadership and Establishes New Business Units to Dominate AI and Digital Transformation Era Tata Consultancy Services (TCS) has undertaken its most significant leadership restructuring in three years. The company announced extensive changes across multiple key markets, involving various top roles and business units. These strategic realignments are designed to bolster leadership bandwidth and provide focused attention to specialized industry segments amid the accelerating AI-led growth era.Reorganization of BFSI Vertical and Key Market Leaders The restructuring has major implications for TCS's banking, financial services, and insurance (BFSI) vertical, which accounts for over 30 percent of the company's revenue. Susheel...

GIFT Nifty Plunges as Geopolitical Crisis Ignites Global Oil Surge, Posing Threat of Gap Down for Sensex and Nifty Indian equities are bracing for a potential gap-down open on Monday as renewed military escalation between the United States and Iran sends global markets into heightened volatility. The turmoil has driven crude oil prices sharply higher, thereby dampening risk appetite across international exchanges. Early indications from GIFT Nifty suggest significant downside pressure for benchmark indices.Geopolitical Tensions Drive Sharp Spike in Crude Oil Prices The fresh hostilities between the US and Iran have reignited fears regarding the fragile peace agreement reached last month. These concerns intensified after reports...

Smartworks Leases Over 930 Seats in Pune, Boosting Client Commitment to Approximately INR 102 Crore Smartworks Coworking Spaces Limited, India's largest managed office platform by total area under management, has secured a significant expansion deal in Pune. The company has leased over 930 seats to the India-based subsidiary of a UK-headquartered global professional services and technology firm.This addition raises the client's total seat count with Smartworks to over 1,730 seats. This specific engagement is set for a 60-month duration and is expected to generate committed rental revenue of approximately INR 58 Crore. When combined with the client's existing arrangement, the total estimated rental commitment for this enterprise rises...

Oil Prices Surge Amid Escalating Middle East Tensions as Geopolitical Risk Rebounds Commodity markets presented a volatile picture on July 13, driven primarily by escalating geopolitical risks in the Middle East. Crude oil prices saw substantial gains after Iran expanded its strikes against Gulf states following previous US attacks. This surge was fueled by heightened concerns regarding potential disruptions to global energy shipments through the strategic Strait of Hormuz.Global Energy Market Reacts to Geopolitical Risk Crude oil experienced a significant upward move, reflecting market nervousness over regional instability. Brent crude rose 3.08%, trading at $78.35 a barrel. Meanwhile, WTI crude gained 3.09%, reaching $73.62 a...

Sterlite Technologies Stocks Surge on Decisive Patent Victory Against Fujikura Patent Triumph Boosts Investor Confidence in Sterlite Technologies Sterlite Technologies (STL) is commanding significant investor attention following its decisive victory in a major European patent dispute with Japan's Fujikuras. The successful legal action underscores the company’s strengthening market position and competitive resilience across international markets.The European Patent Office's (EPO) Technical Board of Appeal has issued a final, binding ruling that comprehensively revokes Fujikura's European Patent EP 3796060. This pivotal development was confirmed following a hearing held on June 24.Significantly, the EPO order not only resolves the...

PACE Digitek Shares Surge on BESS Contracts as Lineage Power Secures Key Supply Pacts PACE Digitek shares are poised to continue their upward trajectory, driven by strong operational milestones and significant new supply agreements within the burgeoning Battery Energy Storage System (BESS) market. The positive momentum follows the announcement that its subsidiary, Lineage Power (LPPL), has executed a material memorandum of understanding (MoU) with Bondada Renewable Energy.This latest strategic agreement solidifies LPPL's expanding footprint in renewable energy infrastructure supply chains. The MoU covers the provision of various BESS components and systems. These include DC Blocks, C&I BESS cabinets, residential BESS units, PCS, EMS...

Nippon Paint Launches €7.5 Billion Bid to Acquire Akzo Nobel’s Decorative Paints Unit Nippon Paint Holdings Co. has escalated its pursuit of a major acquisition, making a significant follow-up offer for the decorative paints business of Akzo Nobel NV. According to sources familiar with the matter, the Tokyo-listed group made an initial bid three weeks ago and subsequently increased its offer value last week. The revised proposal places the entire unit at €7.5 billion ($8.6 billion).Details of Nippon Paint’s Latest Acquisition Offer The reported offer values the decorative paints unit at approximately 12 times its 2026 earnings before interest, taxes, depreciation and amortization (EBITDA). However, people briefed on the situation...

Gold Prices Drop as US-Iran Ceasefire Talks Fail: Check Today's 24K and Silver Rates in Major Cities Bullion prices saw a slight decline during early trading on July 13. This movement was driven by cautious investor sentiment, following renewed pressure on precious metals after the breakdown of the US-Iran ceasefire discussions. The failure of these talks had previously boosted the dollar, consequently weighing down demand for gold and silver globally.International Gold and Silver Spot Market Trends The global market experienced a dip in both major commodities during the morning trade. International spot gold futures traded 0.46 percent lower, settling at $4,094.60 per ounce.Silver also experienced a decline in the international...

SK Hynix Plummets in Seoul After Nasdaq Debut Surges 12.8%, Sparking Investor Scrutiny SK Hynix Stock Reaction Following Landmark U.S. ListingSK Hynix shares experienced a significant downturn in early trading on Monday, falling by as much as 4.4% in Seoul. This decline comes despite the global investor excitement surrounding its recent successful and high-profile debut on the Nasdaq exchange. The South Korean memory chip manufacturer holds a dominant position as one of the world's leading AI memory chipmakers.Financial Details of the Landmark Nasdaq DebutThe company successfully raised over $26 billion during its listing process. This capital infusion was achieved through the sale of American Depositary Receipts (ADRs). These...

Geopolitical Tensions Surge: Global Markets Reel as Oil Prices Skyrocket Following Iran's Hormuz Straits Claim Asian equity markets witnessed declines on Monday after geopolitical tensions intensified in the Gulf region. Reports surfaced that Iran had claimed the closure of the vital Strait of Hormuz, sending a sharp rally through oil prices and reigniting global inflation concerns. The movement immediately began to impact commodity and fixed-income markets worldwide.Crude Oil Soars amid Geopolitical Instability Oil crude futures saw aggressive gains as supply risks mounted due to the tensions in the Gulf. Brent crude climbed 3.3% in early trading, reaching $78.50 a barrel from its recent trough of $70.14. Concurrently, U.S. crude...

Global Gold Fund Outflows Ease as Investors See Precious Metals Rebound Amid Indian Equity Slump Global gold funds have registered their first weekly inflow in three months, signaling a deceleration of the steep selling pressure that characterized precious metals markets over the last quarter. This turnaround occurs even as investor sentiment towards India-focused investment vehicles remains significantly weak.Elara Securities reported that global gold funds achieved net inflows of $317 million. This positive reading marks a reversal after witnessing nearly $14 billion in cumulative outflows across gold funds in the preceding three months. Selling pressure in silver funds has also moderated recently, suggesting investors are beginning...

LTM’s Profit Surges As Infra Giants Secure Major Projects Amid Robust Retail Earnings The market continues to focus intensely on corporate developments, quarterly results, and strategic wins across various sectors. From large-scale infrastructure contract allocations to strong consolidated financial growth in consumer goods, several companies are in the spotlight as they report updates and execute major deals.Key Quarterly Performers Show Robust Growth LTM delivered a significant performance update for Q1 (Consolidated YoY), reporting profit growth of 17.05% to Rs 1,468.6 crore versus Rs 1,254.6 crore. Revenue jumped sharply by 17.96% reaching Rs 11,608 crore compared to Rs 9,840.6 crore for the previous period. The company's EBIT...