Markets

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...

Zelio E-Mobility Inaugurates New Manufacturing Plant in Coimbatore, Boosting Capacity by 33% Zelio E-Mobility Ltd., a rapidly growing manufacturer of electric two and three-wheelers, has commenced operations at its new state-of-the-art manufacturing facility located in Coimbatore, Tamil Nadu. This strategic expansion is set to significantly strengthen the company’s presence across southern Indian markets.The 39,000 sq. ft. facility, strategically located on Trichy Road in Coimbatore, officially began production on July 13, 2026. The new plant will focus on electric scooter assembly and associated operations, primarily catering to the needs of customers in Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and South Maharashtra...

Intense Competition Forces DMart to Prune Seven Cities from Online Grocery Footprint; Core Retail Growth Slows Avenue Supermarts (DMart) is recalibrating its digital ambitions amidst fierce competition in India's quick commerce space. The retail giant has decided to scale back the operations of its online grocery platform, DMart Ready, discontinuing service in seven cities during the current quarter. This strategic move signals a measured shift away from rapid expansion toward focused profitability and efficiency as the market landscape is aggressively reshaped by delivery-focused rivals.Vikram Dasu, Whole-time Director and CEO of Avenue E-Commerce Ltd., confirmed that the closures involved marginal contributors. As of June 30, 2026...

Krishana Phoschem Approves Un-Audited Financial Results for Quarter Ending June 30, 2026 Krishana Phoschem Limited announced that its Board of Directors approved the un-audited financial results for the quarter ending June 30, 2026. The board meeting was held on July 13, 2026, where management reviewed and ratified the company’s interim performance.The approval included considering the minutes of the previous Board meetings. The Un-Audited Financial Results, which were vetted by the audit committee, were subsequently subjected to a limited review by the Statutory Auditors of the Company.Key financial metrics for Krishana Phoschem Limited across the reported periods are presented below (amounts are in Lakhs, except where stated)...

SBI Funds IPO Anchor Book Surges 20X as Global Titans BlackRock and Sovereign Wealth Fund Flock In The SBI Funds Management Ltd. offering has generated extraordinary market interest, with its anchor book being subscribed over twenty times before the company’s initial public offering. This high demand signals significant institutional confidence ahead of the much-anticipated public subscription phase. The offering is notable as India's first billion-dollar IPO this year and stands as a key test of investor appetite amid a crowded market pipeline.Anchor Book Shows Massive Investor Appetite The anchor tranche, which offers priority shares to major institutions, saw extremely strong demand. Bankers managing the offering are expected to...

ETS India and Crizac Announce Strategic Partnership to Expand TOEFL and GRE Preparation Access for Study Abroad Aspirants ETS, the provider of globally recognized TOEFL® and GRE® assessments, has announced a major strategic partnership with Crizac Limited. The collaboration aims to significantly expand access to authorized TOEFL® and GRE® preparation resources for aspiring students in India who are planning higher education abroad.The partnership combines ETS’ expertise in educational assessment with Crizac’s extensive student network, addressing the growing demand for credible admissions guidance across the country. This move responds directly to the fact that more than 1.3 million Indians are currently pursuing higher education...

SAT Rejects SEBI's Mandate on Open Offer: Market Regulator Must Provide Reasons Before Forcing Acquisition The Securities Appellate Tribunal (SAT) has delivered a landmark ruling, setting aside previous communications issued by the market regulator, SEBI. The tribunal ruled that SEBI cannot issue directives with significant legal and financial consequences without providing clear rationale. This decision underscores the critical need for procedural due diligence in corporate takeover matters.The dispute centers around Marwadi Chandarana Intermediaries Brokers Ltd's attempt to acquire control of TruCap Finance Ltd, a listed NBFC. The SAT found fault with SEBI’s communication approach, stating that the regulator must pass reasoned and...

Gujarat Pipavav Port Reports Operational Data for Q1 FY27, Highlighting Cargo Volumes Gujarat Pipavav Port Limited released operational data detailing its cargo volumes for the quarter ended 30 June 2026 (Q1 FY27), alongside comparative figures from previous periods. The company’s performance across containers, dry bulk, liquid cargo, and RoRo handled was provided for comparison against Q1 FY26, Q4 FY26, and full fiscal years ending March 2025 and March 2026.The port's operations demonstrated varied volumes across different segments during the reported period.Key operational data for Gujarat Pipavav Port Limited is summarized below:MetricQ1 FY27 (Apr-Jun 26)Q1 FY26 (Apr-Jun 25)Q4 FY26 (Jan-Mar 26)Full Year Mar-26Full Year Mar-25...

KOSPI PLUNGES 8%: Market-Wide Trading Halt Triggered After Massive Stock Losses in South Korea South Korea's stock market experienced extreme volatility on July 13, leading to a trading halt after the main index plummeted by 8%. The sharp decline wiped out over $328 billion from stocks traded in the country today.The significant drop has led authorities to suspend normal trading activity across the market for approximately 20 minutes as regulators sought stability. This immediate reaction underscores the severity of the intraday losses witnessed on the KOSPI.Massive Capital Wiped Out: $328 Billion Lost in Single Day The financial impact of today's plunge is staggering. Over $328 billion has been lost from South Korean stocks in a...

Giants Breakout! Key Momentum Stocks Surge to 52-Week High as Technical Strength Ignites Buying Rally In a market environment that lacks fresh overarching triggers, technical momentum has driven significant movement across various stocks on July 13. Several companies showcased strong upward price action and consistent buying interest, leading them into or near their five-two-week highs.Stocks Reaching New Heights Amid Technical Momentum The financial markets witnessed multiple stock names achieving substantial milestones, underscoring sustained bullish intent despite mixed broader market cues. Welspun Corp, Oracle Financial Services, Star Health, Granules India, Honasa Consumer, PNB Housing Finance, Ather Energy, Nykaa, Sai Life...

Bharat Dynamics Stock Plummets as Govt Signals Big Shift in Missile Manufacturing Privatization Strategy Shares of Bharat Dynamics Ltd (BDL) declined sharply on July 13 after media reports surfaced that the government intends to open missile manufacturing to private sector players. This proposed move signals a major strategic shift in India's defence production model, moving away from traditional state control.At 9:55 am on July 13, BDL shares were trading over 2% lower, hitting Rs 1,315.2 apiece. The news created immediate volatility within the sector, as the Nifty India Defence index was observed dipping 1% at 9,396.Market Reaction and Sector Volatility The stock market reacted negatively to the announcement regarding increased...

Fino Payments & Just Dial Surge as Corporate Updates Ignite Stock Market Rally Several stocks saw significant movements on July 13 after releasing key corporate developments, including quarterly earnings, management changes, and pivotal business updates. These company-specific announcements continue to drive varied market actions across finance and IT sectors.Banking and Fintech Stocks Gain Ground on Growth Metrics Fino Payments Bank witnessed a strong rally, surging up 10% after reporting solid operational improvements in June. The bank noted an 11% year-on-year increase in average total deposits, which stood at ₹2,755 crore. Furthermore, new account openings climbed sharply by 31%, reaching 3.13 lakh accounts.Just Dial and L&T...