Markets

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)...

Atanu Chakraborty's Pay Soars to ₹1.07 Cr as HDFC Bank Confronts Governance Questions HDFC Bank’s former ex-chairman and bureaucrat, Atanu Chakraborty, saw his overall earnings rise by 3.53 per cent in the financial year 2026. The country's largest private sector lender disclosed the details on Saturday in its annual report for FY26.Chakraborty earned a total of ₹1,07,25,269 in sitting fees and remuneration from the bank during the fiscal period. This figure is an increase compared to the earnings of ₹1,03,58,871 he received in the previous financial year (FY25).Chakraborty's Earnings Grow as HDFC Bank Releases FY26 Report The FY26 annual report detailed that Chakraborty was entitled a fixed remuneration of ₹50 lakh for his role...

Saurashtra Cement Ltd Receives Partial Relief from Income Tax Appellate Authority Saurashtra Cement Ltd has received an appellate order from the Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC). The ruling, dated July 10, 2026, allowed the company's appeal partially.The details concerning the outcome and subsequent actions have been confirmed by the company following receipt of the order on July 11, 2026.Regarding the financial standing, Saurashtra Cement Ltd noted that there will be no additional financial impact on the company as a result of this Appellate order.In response to the NFAC's decision, the company has announced its next course of action. A second appeal is being filed before the Income Tax...

State Bank of India's Subsidiary IPO Sees Offer Revision and Pre-IPO Sale Update The Initial Public Offering (IPO) of SBI Funds Management Limited (SBIFM), a subsidiary of State Bank of India, is undergoing updates regarding its offering structure and reflecting details from a pre-IPO transaction. The listing involves the equity shares of SBIFM, with both the bank and Amundi India Holding participating in the Offer for Sale.The IPO constitutes an offer for sale of up to 170,956,631 equity shares of face value Rs. 1 (one) each, representing up to 8.3933% of the paid-up equity share capital of SBIFM. State Bank of India and Amundi India Holding are offering specific portions of these shares.The Offer for Sale includes a portion...

Vedanta Vows to Boost India's Energy Security by Targeting Massive Oil Output Vedanta Oil & Gas has reaffirmed its commitment to play a pivotal role in India’s energy independence journey. The company has set an ambitious target of producing 500,000 barrels of oil equivalent per day (boepd).This strategic goal directly addresses the nation's critical vulnerability regarding fossil fuels. Currently, India imports almost 90% of its oil and gas requirements, leaving its economy highly exposed to global supply shocks and volatile international pricing.Unlocking India's Vast Hydrocarbon Potential Vedanta highlighted that India possesses enormous untapped hydrocarbon resources, estimated at around 300 billion barrels equivalent. The...

LTM Limited Launches Shareholder Satisfaction Survey to Gauge Investor Experience LTM Limited has launched a dedicated Shareholder Satisfaction Survey to ensure continuous two-way communication with its investors. The initiative, released on July 11, 2026, seeks detailed feedback from shareholders regarding their overall experience and the services provided by the company.The survey covers several key operational areas designed to enhance shareholder engagement. Feedback requested includes the timely receipt of dividends, quality of communication with shareholders, and the contents of the Integrated Annual Report.Additionally, LTM Limited is seeking input on the accessibility of the Investors page on its official website and the...

Delhivery Ltd Allots 206,502 Equity Shares Following Vested Option Exercise; Paid-Up Capital Increases Delhivery Ltd has announced the allotment of a total of 2,06,502 equity shares following the exercise of vested stock options. The allotment is a result of two employee stock option plans: ESOP 2012 and ESOP IV 2021.The company's paid-up share capital has been updated consequent to this transaction. The total paid-up share capital increased from Rs. 74,88,48,124/- to Rs. 74,90,54,626/.The allotted equity shares rank pari-passu with the existing equity shares of the company in all respects. The options exercised for this allotment are not subject to a lock-in period.Details of Share Allotment and Financial Metrics The following...

Prime Minister Vows Rapid Growth as Bharat and New Zealand Forge Strategic Alliance in Tech and Sustainability Bridging Continents: India's Commitment to Bilateral Prosperity The Prime Minister arrived in New Zealand, signifying a momentous strengthening of the relationship between the two nations. The visit underscores the depth of friendship, shared values, and commitment that define the India-New Zealand bond. Recognizing this partnership, the Prime Minister emphasized that the success of this journey rests not on him alone but with the Indian community spread across New Zealand.The PM highlighted that while culture is paramount, the economic relationship holds immense potential. He stated that the open ocean ahead represents vast...

Pudumjee Paper Products Limited Appoints Anil Shankarlal Mittal as Non-Executive Independent Director Pudumjee Paper Products Limited has appointed Mr. Anil Shankarlal Mittal as a Non-Executive Independent Director, following approval by its shareholders through a Postal Ballot.The appointment of Mr. Mittal is effective from May 22, 2026, and the term of his directorship spans five years, concluding on May 21, 2031.In addition to this executive change, the company provided comprehensive details regarding Mr. Mittal's profile. The disclosure confirms that there are no relationships between the newly appointed director and existing board members. Furthermore, he is not debarred from holding the office of Director by any SEBI order or...

HDFC Bank Clears Governance Cloud After Part-Time Chairman’s Resignation, Restoring Investor Confidence HDFC Bank has addressed a significant governance issue following the abrupt resignation of its part-time chairman Atanu Chakraborty. The departure, which occurred more than a year into his term, sparked scrutiny regarding the bank's internal governance standards. MD and CEO Sashidhar Jagdishan confirmed that the event posed a "challenging" moment for the institution as noted in the annual report.The resignation of Mr. Chakraborty on March 18, 2026, was notably the first instance of a part-time chairman leaving mid-term at the country’s largest private sector lender. The statement included in his resignation letter led to immediate...

Mindspace Business Parks REIT Schedules Board Meeting to Approve Q1 and FY March 31, 2026 Financial Results Mindspace Business Parks REIT has announced the schedule for its forthcoming Board of Directors meeting where it will consider the audited financial results for the quarter and the full year ended on March 31, 2026.The company's board meeting is set for Saturday, July 18, 2026, at 05:00 P.M. The meeting will be held at the Corporate Office situated in Delhi.The primary agenda item for the meeting is to consider and approve the Audited Financial Results for the quarter and year ended as on March 31, 2026. Any other matter as permitted by the Chair will also be addressed during the session.In a separate operational update...

West Bengal Promises Industrial Boost: Single-Window Clearance for Investments Above ₹100 Crore Government Pledges Business-Friendly Environment to Attract Major Capital West Bengal Chief Minister Suvendu Adhikari announced a significant policy shift aimed at bolstering industrial growth in the state. He declared that his government would institute a single-window clearance mechanism specifically for investment proposals valued at ₹100 crore and above. This move signifies a proactive step toward establishing West Bengal as a preeminent destination for corporate investment.Speaking at the foundation stone-laying ceremony of Lux Industries' new manufacturing facility in Dankuni, Hooghly district, Adhikari emphasized his administration's...