Markets

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...

Antony Waste Confirms Fatalities Following Landfill Collapse Near Waste-to-Energy Plant; Announces Comprehensive Support for Affected Families Mumbai, July 12, 2026 – Antony Waste Handling Cell Limited confirmed a tragic loss of life following a natural calamity at the landfill adjacent to its Waste-to-Energy plant. The incident occurred after incessant rains caused thousands of tonnes of waste from an external landfill to collapse onto the facility site, resulting in severe damage to the administrative building where 23 employees were present.The company confirmed that nine individuals lost their lives due to the incident.Emergency response teams, including the National Disaster Response Force (NDRF), the Indian Army, the Fire...

Geopolitical Energy Pivot: NTPC Board Clears Massive ₹20,457-Crore Investment for 1,600 MW Lara Thermal Power Project State Giant NTPC Approves Major Investment for Chhattisgarh Power Expansion The state-run power giant, NTPC, has officially sanctioned a significant investment totaling Rs 20,456.70 crore. This capital injection is earmarked for the completion of the 1,600 MW Lara Super Thermal Power Project Stage-III in Chhattisgarh. The approval was confirmed by the company via an exchange filing on Saturday.The Board of Directors meeting held on July 11, 2026, formally approved the investment proposal. This move underscores NTPC's commitment to expanding critical power generation capacity within the region.Enhancing Grid...

SBI Funds Management IPO: Brokerages Bet on Dominant Franchise, But Warn Active Fund Performance is Key Monitor SBI Funds Management (SFM) is set to enter the public markets via a nearly Rs 10,000 crore initial public offering (IPO), scheduled for subscription starting July 14. Financial brokerages have offered favorable outlooks, emphasizing the company's market leadership and its integral role in India's burgeoning mutual fund industry. They cite strong operating efficiency and diversified revenue streams as key drivers supporting a positive investment case.The IPO is structured entirely as an offer for sale (OFS) by existing shareholders State Bank of India and Amundi India Holding. This means the company itself will not receive...

Ather Energy Ltd Board to Consider Raising Funds Through Equity Shares and Convertible Bonds Ather Energy Limited has announced that its Board of Directors will hold a meeting on Wednesday, July 15, 2026, to consider a proposal for raising funds through various instruments.The meeting is scheduled to approve the initiative to raise capital by issuing equity shares and/or foreign currency convertible bonds (FCCBs), among other eligible securities. These securities include any instruments representing equity shares or those that can be converted into or exchanged for equity shares, whether denominated in Rupees or foreign currencies, or a combination thereof.The company stated that the funding could be executed through permissible...

Arcee Industries Ltd to Hold Board Meeting to Discuss EGM Proposal Arcee Industries Ltd has scheduled a meeting of its Board of Directors set for Wednesday, July 15, 2026. The primary focus of this gathering is the consideration and approval of proposals related to an upcoming Extra-Ordinary General Meeting (EGM) of the company's shareholders.The Board meeting is intended to address several key agenda items necessary for the future general body meeting. Chief among these tasks is the formal proposal to convene the EGM, alongside the review and approval of the draft notice that will be circulated to shareholders.In addition to approving the proposed EGM and its associated documents, the board members are also slated to discuss any...

Asian Paints Receives Improved ESG Ratings from Crisil, Securing 'Strong' Category Status Asian Paints Ltd has received a rating from Crisil ESG Ratings & Analytics Limited concerning its environmental, social, and governance performance. The rating, assigned by the agency, places the company in the 'Strong' category for its general ESG metrics.Crisil ESG Ratings awarded Asian Paints an Environmental, Social and Governance (ESG) Rating of 'Crisil ESG 68'. Furthermore, the company secured a Core ESG Rating of 'Crisil Core ESG 72'.The rating assigned by Crisil is based on information available in the public domain and was conducted independently, without engagement from the company for the assessment.This latest rating reflects an...

TechD Cybersecurity Secures Two Major Managed Security Contracts Valued at Over INR 1 Crore TechD Cybersecurity Limited has secured two significant Purchase Orders from a listed cybersecurity distributor and system integrator company for providing managed security services, totaling an aggregate value of INR 1,32,86,800. The contracts were received on July 11, 2026.The agreements cover various critical areas of digital security infrastructure across key sectors, including telecommunications and financial technology services. These services fall under the normal course of business for TechD Cybersecurity Limited as a Managed Security Service Provider (MSSP).The two purchase orders are structured with payment terms set at 100% upon...

CSM Technologies Ltd Schedules Board Meeting to Review Fiscal Results and Dividend RecommendationCSM Technologies Ltd has announced that its Board of Directors will convene on Monday, July 20, 2026. The meeting is scheduled to cover crucial financial outcomes for the company.The agenda set for the board includes considering and approving the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Additionally, the directors will address the recommendation of a Final Dividend for Financial Year 2025-2026, which is subject to approval by shareholders at the forthcoming Annual General Meeting.In adherence to insider trading regulations, the trading window for securities of CSM Technologies...

ICICI Lombard General Insurance Company Ltd Completes Tenure of Independent Director Mr. Ved Prakash Chaturvedi ICICI Lombard General Insurance Company Limited has announced that Mr. Ved Prakash Chaturvedi, a Non-executive, Independent Director, will cease his role following the completion of his second term with the company. The change is effective from July 12, 2026.The company confirmed that Mr. Ved Prakash Chaturvedi completed his two-term appointment as Non-executive, Independent Director. His tenure concluded after a period during which he was initially re-appointed for a subsequent five-year term.The Board of Directors of ICICI Lombard General Insurance Company Limited recorded their appreciation for the contributions made by...

Kirloskar Ferrous Industries Announces 35th Annual General Meeting and Recommends Final DividendKirloskar Ferrous Industries Ltd has announced the details of its 35th Annual General Meeting (AGM) and recommended a final dividend for shareholders, alongside setting key dates for both dividend eligibility and electronic voting.The Company's AGM is scheduled to be held on Wednesday, August 5, 2026, at 4:00 p.m. (IST). The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing members to participate remotely.The Board of Directors, during its meeting held on June 12, 2026, recommended a Final Dividend equivalent to ₹3 per equity share. Since the face value of the shares is ₹5 each, this...

ROC Approves Three-Month Extension for TeleCanor Global Ltd's 34th Annual General Meeting TeleCanor Global Ltd has received official approval from the Registrar of Companies (ROC), Hyderabad, granting an extension for holding its 34th Annual General Meeting (AGM) pertaining to the Financial Year 2025-26. The ROC granted the extension following the company's application seeking additional time to convene the meeting.The approval was issued by the ROC, Hyderabad, on July 9, 2026. This decision addresses the requirement for holding the AGM after the completion of the accounting year, which closed on March 31, 2026.Under the granted extension, the company has been provided three months to conduct its 34th AGM. The deadline for the...