Markets

Imperal Worldwide Limited Appoints Avinash Yadav as Additional Director and Managing Director Imeral Worldwide Limited, formerly known as Rishab Special Yarns Limited, has approved the appointment of Mr. Avinash Yadav as an Additional Director and Executive Director designated as the Managing Director of the company. The decision was made by the Board of Directors during a meeting held on July 11, 2026.The appointment is set for a term of five consecutive years and remains subject to the subsequent approval of the shareholders of Imperal Worldwide Limited.Details regarding this directorial appointment were finalized following consideration by the Nomination & Remuneration Committee of the company.In addition to the appointment...

Brookfield India REIT's Subsidiary Approves Scheme for Accumulated Loss Set-off Brookfield India Real Estate Trust REIT has confirmed that a scheme of arrangement, devised by its subsidiary Seaview Developers Private Limited, aims to set off accumulated book losses. The proposed scheme is intended to improve the distribution efficiency of the trust while maintaining the value of Brookfield India REIT's investment in the company.Seaview Developers Private Limited, a special purpose vehicle wholly owned by Brookfield India Real Estate Trust (Brookfield India REIT), has approved the scheme of arrangement under Section 230 of the Companies Act, 2013. The scheme is designed to facilitate the set-off of Seaview's accumulated book losses as...

Reliance Power's Shares and Receivables Are Provisionally Attached Following ED Order Reliance Power Limited has received a provisional attachment order concerning its shares held by the company's promoter, alongside specific receivables owed to it by subsidiaries.The action stems from a Provisional Attachment Order No. 33/2026 dated July 10, 2026, issued by the Enforcement Directorate (ED), as reported on July 11, 2026. The order relates to alleged violations of PMLA and covers the period spanning from 2017 to 2019.The provisional attachment targets shares belonging to M/s. Reliance Infrastructure Limited, the promoter of Reliance Power Limited, valued at Rs. 762.75 crore. Furthermore, the order includes certain amounts comprising...

Sambhv Steel Tubes Ltd Board Meeting Scheduled to Discuss Funds Raising via Equity Issuance Sambhv Steel Tubes Ltd has scheduled a meeting of its Board of Directors on Wednesday, July 15, 2026, to consider a proposal for raising funds through a new securities issuance.The upcoming board meeting is set to address the details and approval required for the fundraising initiative. The proposal involves the potential issuance of equity shares, fully convertible equity warrants, convertible instruments, or any combination thereof. Key items scheduled for consideration include the determination of the issue price, the quantity of warrants to be issued, identification of the proposed allottees, and other related terms and conditions. This...

Ravindra Energy Grants 3,10,000 Employee Stock Options under ESOP SchemeRavindra Energy Ltd has approved the grant of balance/ungranted Employee Stock Options (ESOPs) to its eligible employees. The move comes from a meeting held by the Nomination and Remuneration Committee, which finalized the allocation as part of the Ravindra Energy Employees Stock Option Scheme 2022 (REL ESOP Scheme 2022).The committee approved the grant of 3,10,000 Employee Stock Options (Grant-II) to employees. This grant is from a total limit of 13,67,301 options previously approved by shareholders under the REL ESOP Scheme 2022. The ESSOs are governed by the REL ESOP Scheme 2022, which was submitted with regulatory bodies and had In-Principle approval secured...

Go Digit General Insurance Ltd Approves Date for Tenth Annual General Meeting The Board of Directors of Go Digit General Insurance Ltd has approved the notice convening the company’s Tenth Annual General Meeting (AGM). The meeting is scheduled to be held on Thursday, August 6, 2026, at 3:00 P.M. (IST), utilizing Video Conferencing (VC) or Other Audio Visual Means (OAVM).The proceedings of the 10th AGM are set to take place at the Registered Office of the Company, located at 1st to 6th Floor, Ananta One, Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No. 1579, Shivajinagar, Pune -411005.The Notice of the 10th AGM, along with the Annual Report for Fiscal Year (FY) 2025-26, will be provided to members through various channels. For...

Bharti Airtel Reports on Sustainability and Operational Performance for FY 2025-26 Bharti Airtel Limited has provided a detailed overview of its business responsibility and sustainability performance for Fiscal Year (FY) 2025-26. The report highlights operational scope, human resource management, environmental impact metrics, and stakeholder engagement across various facets of the telecommunications sector.Operational Scope and Business Activities Bharti Airtel's primary business activity accounted for 100% of the entity’s turnover, focused on information and communication activities, specifically wired, wireless or satellite Telecommunication services. Out of the total turnover, Wireless Telecommunication Activities contributed...

Financial Behavior Trumps Spending Power: How Responsible Credit Card Use Is Shaping Your Future Loan Prospects A common misconception among consumers is that credit card usage—and the points accumulated—is the primary measure of financial health. However, an in-depth look at lending practices reveals a different reality. Lenders evaluate far more than the sheer volume of purchases; they scrutinize daily financial discipline and repayment consistency.The way an individual manages their existing credit profile can profoundly influence future borrowing decisions, whether that includes securing a home loan, a personal loan, or even another line of credit. Repayment history and current credit utilization are not merely transactional...

Surge of Relief: Varachha Bank Launches Flood Loan Scheme to Aid Businesses After Surat Waterlogging Crisis Following extensive flooding and waterlogging that affected several parts of Surat, The Varachha Co-operative Bank Ltd has initiated a decisive relief effort. In response to the damage suffered by industries, commercial establishments, and local livelihoods, the bank introduced a comprehensive 'Flood Loan' scheme. This initiative was unveiled during an event at the Bank’s Head Office, aimed at ensuring recovery for the adversely affected communities.Varachha Bank Offers Flood Loans Up To ₹5 Lakh at 9 Percent Interest The newly launched Flood Loan scheme provides financial assistance of up to Rs 5 lakh to those whose businesses...

Pre-IPO Frenzy: Marquee Investors Buy Bulk Stakes as SBI Funds Management Reduces IPO Size to Rs 9,812.9 Crore India's largest asset management company, State Bank of India (SBI) Funds Management (SBIFM), has adjusted its Initial Public Offering (IPO) size following a successful pre-IPO round. The offering amount was reduced from the initial plan of Rs 11,692.9 crore to Rs 9,812.9 crore after selling a portion of its stake to several high-profile investors.The IPO is structured entirely as an offer for sale (OFS), meaning the company will not receive any funds from public subscribers; all proceeds will go directly to the selling shareholders. This reduction was driven by the successful transfer of 3.27 crore shares, representing a 1.6...

NCLT Rejects Resolution Plan in Vas Infrastructure Limited CIRP; Authum Investment Reports No Operational Impact Authum Investment & Infrastructure Limited has received a significant update regarding its role as the resolution applicant for Vas Infrastructure Limited (VIL). The National Company Law Tribunal (NCLT) rejected the resolution plan, where Authum was selected as the Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of VIL.The NCLT delivered its order on July 7, 2026, rejecting the proposed plan involving Authum Investment & Infrastructure Limited's acquisition of Vas Infrastructure Limited. This follows a previous announcement made by the company on April 2, 2025, regarding its emergence...

Mrs. Pallavi Yerragonda Resigns from Roles at Likhitha Infrastructure Limited Likhitha Infrastructure Limited has confirmed the resignation of Mrs. Pallavi Yerragonda, who held the posts of Company Secretary and Compliance Officer for the company.The company announced that Mrs. Yerragonda tendered her resignation, effective as of the close of business hours on July 11, 2026. The reason cited for the change was to pursue other career opportunities.Mrs. Pallavi Yerragonda’s tenure in these key roles at Likhitha Infrastructure Limited has come to an end. Her departure marks a transition for the company in corporate compliance and secretarial functions.LIKHITHA Stock Price Movement On Friday, Likhitha Infrastructure Limited shares...

Vineet Laboratories Announces Board Meeting to Approve Q4 Financial Results Vineet Laboratories Limited has scheduled a meeting of its Board of Directors to review and approve the audited standalone financial results for the fourth quarter and the financial year ending March 31, 2026. The board meeting is slated for Wednesday, July 15, 2026.The primary agenda item for the upcoming meeting is the consideration and approval of the company's performance metrics as reflected in the Audited Standalone Financial Results for the specified period.In light of the scheduled announcement, Vineet Laboratories Limited has implemented trading restrictions under its Code of Conduct concerning insider trading. The trading window remains closed for...

Chandan Healthcare Limited Reports Strong Operational Update Amid Network Expansion and Sales Growth Chandan Healthcare Limited, a leading integrated diagnostic service provider in North India, reported healthy operational performance for the quarter ended June 30, 2026. The company’s strong momentum is attributed to significant network expansion across its business verticals and increasing patient volumes.The operational update provides details on the growth of the diagnostic network, sales performance metrics, and key indicators across various business segments during the period.Network Expansion Reaches New High Chandan Healthcare Limited continued to strengthen its diagnostic presence by adding 140 new centers. This expansion...

NCLT Sanctions Amalgamation Scheme for TVS Supply Chain Solutions and Multiple Transferor Companies The National Company Law Tribunal (NCLT) Chennai Bench sanctioned a comprehensive Scheme of Amalgamation involving TVS Supply Chain Solutions Limited (TVSSCS) and several associated entities. The order, pronounced on July 7, 2026, formally approved the merger, which encompasses multiple transferor companies operating across various sectors.The amalgamated entity is set to consolidate operations following the Appointed Date of April 1, 2023. This significant corporate transaction involves the absorption of undertakings from Mahogany Logistics Services Private Limited, TVS SCS Global Freight Solutions Limited, White Data Systems India...

Ahlada Engineers Limited Accepts Resignation of Senior General Manager, Procurement & Vendor Development Ahlada Engineers Limited has accepted the resignation of its Senior Management personnel, Mr. Srinivas Reddy K., who held the position of Senior General Manager, Procurement and Vendor Development. The company confirmed that the change in senior management took effect on July 11, 2026.The departure follows the tendering of the resignation by Mr. Reddy K. on June 24, 2026. According to the details provided, the reason for his decision to step down is personal reasons and health issues.Mr. Srinivas Reddy K., who formed part of the company's senior management team, was relieved from his duties with effect from the close of business...

S&P 500 Faces Earnings Crucible: Near-Record Profits Must Deliver Against High Valuation and Inflation Fears The optimistic tone dominating Wall Street is being severely tested as the second-quarter earnings season begins. While the S&P 500 Index is up over 10% in 2026, the fragile rally must now be validated by strong corporate performance to sustain its trajectory through the latter half of the year.Second-quarter results from giants like Goldman Sachs Group Inc. and JPMorgan Chase & Co. are expected to show significant gains, with profits from S&P 500 firms projected to rise 24% in the three months ending June. This level of expected growth would constitute one of the best readings outside of major economic recoveries...

High Court Orders Deposit of Funds from Kalpataru Subsidiary over MSEDCL Demand Kalpataru Retail Ventures Ltd. (KRVL), a wholly owned subsidiary of Kalpataru Limited, has been directed by the Hon'ble High Court of Judicature at Bombay to deposit a portion of funds related to an assessment order issued by Maharashtra State Electricity Distribution Company Ltd. (MSEDCL).The action stems from a Writ Petition filed by KRVL challenging a Provisional Assessment Order issued by MSEDCL. Subsequently, MSEDCL issued a final Assessment Order dated July 07, 2026, under Section 126 of the Electricity Act, 2003. This assessment raised a demand amounting to approximately Rs.63.49 crore regarding alleged violations concerning the supply of...

Aditya Birla Group Targets Mega-Expansion, Proposing Rs 12,000 Crore Boost for Odisha Refinery Project The Aditya Birla Group has proposed a significant expansion of its greenfield alumina refinery project in Kansariguda, Rayagada district, Odisha. The company announced plans to invest an additional Rs 12,000 crore, bringing the total investment committed to the facility to Rs 20,000 crore.The proposal was put forth following a meeting between Group Chairman Kumar Mangalam Birla and Odisha Chief Minister Mohan Charan Majhi. This announcement underscores the company's long-term commitment to developing robust industrial infrastructure within the state.Scaling Up Kansariguda Refinery Capacity Currently, Hindalco Industries Limited is...

Saurashtra Cement Limited Receives Appellate Order from Income Tax Commissioner Saurashtra Cement Limited announced that it has received an appellate order from the Commissioner of Income Tax (Appeals), NFAC, concerning its appeal for Assessment Year (AY) 2020-21. The order was dated July 10, 2026.The company's appeal was partially allowed by the Commission. As per the details provided, there will be no additional financial impact on Saurashtra Cement Limited due to this Appellate order.Following the receipt of the decision, the company has initiated further action regarding the matter. Saurashtra Cement Limited is now filing a second appeal before the Income Tax Appellate Tribunal, Rajkot against the order received from the CIT(A)...