Markets

Kusumgar IPO Sees Massive Demand as Subscription Crosses 129x Ahead of Share Allotment The Initial Public Offering (IPO) of Kusumgar Limited concluded on a resounding note, registering an impressive demand across all investor categories. The issue saw a near 129 times subscription, solidifying the strong market appetite for the company's equity shares. With the three-day bidding window now closed, the market attention pivots toward the crucial allotment process set to take place in the coming days.IPO Subscription Status Reaches Heights The final day of bidding witnessed a significant surge in interest for Kusumgar’s public issue. The overall subscription stood at 128.83 times, illustrating the robustness of institutional and retail...

Apple Unleashes Legal Attack: OpenAI Sued for Pilfering iPhone's Future AI Secrets Apple Inc. has filed a high-stakes lawsuit against OpenAI, accusing the AI giant and its key hardware executive of engaging in a coordinated campaign to steal confidential information regarding upcoming products. The legal action alleges that OpenAI encouraged employees to share proprietary materials, components, and designs related to Apple’s next generation offerings. This move marks a dramatic rupture in the working relationship between two industry titans.The Scope of Trade Secret Theft Allegations The suit, filed in the Northern District of California, explicitly names Tang Tan, the Chief Hardware Officer at OpenAI. Mr. Tan is also identified as...

Wall Street Climbs Near Record as Tech Rally Fuels Earnings Season Anticipation The U.S. stock market closed robustly on Friday, with the S&P 500 nearing a record high after renewed optimism surrounding technology and an anticipated shift toward corporate earnings season. The indices demonstrated resilience despite underlying concerns over global economic stability and rising energy costs.Market Performance: Indices Post Gains Amid Volatility The S&P 500 added 0.42% to close the session at 7,575.39 points. This performance keeps the benchmark near its June 2 record-high close, though it remains down 0.45% from that peak. The Nasdaq gained 0.29%, reaching 26,281.61 points, while the Dow Jones Industrial Average also rose 0.29% to...

Urban Company Limited accepts resignation of Chief Human Resource Officer Neha Mathur Urban Company Limited has accepted the resignation of Ms. Neha Mathur, who serves as a Senior Management Personnel and Chief Human Resource Officer at the company. The company confirmed that she will be relieved from her duties effective close of business hours on August 31, 2026.Ms. Mathur tendered her resignation citing personal reasons. The acceptance of the resignation concludes her tenure in this capacity at Urban Company Limited.Urban Company Limited is a company that was formerly known as UrbanClap Technologies India Limited and UrbanClap Technologies India Private Limited.URBANCO Stock Price Movement Shares of Urban Company Limited on...

Triveni Engineering Shareholders Entitled to Receive TPTL Stock Following Demerger Scheme Triveni Engineering & Industries Limited has set July 22, 2026, as the Record Date for determining the eligibility of its equity shareholders who are entitled to receive equity shares of Triveni Power Transmission Limited (TPTL).The setting of the Record Date comes following the effectiveness of a composite Scheme of Arrangement involving Triveni Engineering and Industries Limited (the Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL), and Triveni Power Transmission Limited (TPTL), which was sanctioned by the National Company Law Tribunal, Allahabad Bench.The demerger transaction transferred the power transmission business undertaking...

Rane (Madras) Ltd Schedules 22nd AGM; Announces Dividend and Details Director Appointments Rane (Madras) Limited has scheduled its Twenty Second Annual General Meeting (22nd AGM) to be held on August 05, 2026. The meeting will take place via Video Conference (VC) or Other Audio Visual Means (OAVM), and the company has engaged Central Depository Services (India) Limited for e-voting services.The Annual General Meeting is scheduled to transact several ordinary and special business items, including the adoption of audited financial statements, declaration of dividends, and key appointments in the Board of Directors.E-Voting and Key Dates The meeting details and voting periods are as follows:EventDate / PeriodDetailsAGM...

Karur Vysya Bank Schedules Investor Conference Call to Discuss Q1 Unaudited Financial Results Karur Vysya Bank Ltd has announced a conference call scheduled for investors and analysts to discuss the Unaudited Financial Results of the bank for the quarter ended June 30, 2026.The event follows an earlier communication from the bank regarding the Board Meeting planned to approve these results. The bank intends to host the Group Meet on July 20, 2026, at 6:30 P.M. IST.The conference call is organized to provide insights into the bank's performance for the specified quarter and aims to engage with institutional investors and financial analysts.Key details regarding the investor conference are as follows:DetailInformation...

Persistent Systems Recommends Final Dividend of INR 18 Per Share Ahead of AGMs Persistent Systems Limited has announced key details regarding its upcoming 36th Annual General Meeting and recommended a final dividend for the financial year 2025-26.The Board of Directors, during a meeting held in April 2026, recommended a Final Dividend amounting to INR 18 per Equity Share. This recommendation is subject to ratification by members at the upcoming AGM. The company has also set the Record Date for this corporate action.The details concerning the dividend and shareholder actions have been released by Persistent Systems Limited.A summary of the financial and operational details related to the corporate action includes:FieldDetails...

Persistent Systems Releasing Business Responsibility and Sustainability Report for FY 2025-26<p>Persistent Systems Limited has released its Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26. The report is available as part of the company's Annual Report for the same fiscal year.</p><p>The BRSR details Persistent Systems' commitment to sustainability and corporate responsibility initiatives across its operations for FY 2025-26. This document addresses the company's standards and efforts in line with modern corporate governance expectations.</p<p>Stakeholders seeking detailed information on the company's performance can access the Business Responsibility and Sustainability Report through the...

Persistent Systems Announces Mega Acquisition of Nagarro SE, Details AGM and Dividend Approval Plans Persistent Systems Ltd has announced significant developments ahead of its 36th Annual General Meeting (AGM), including the proposed acquisition of German digital engineering firm Nagarro SE. The company confirmed that the AGM is scheduled for Monday, August 3, 2026, and provided details regarding dividend proposals, director reappointments, and material related party transactions concerning the merger.The Board reviewed several strategic alternatives before concluding that acquiring Nagarro represented the strongest path to accelerate Persistent’s European expansion and strengthen its position in the AI-led digital engineering market...

Liotech Industries States No Undisclosed Information Affects Share Price Movement Liotech Industries Limited confirmed that it has regularly disseminated all required material information and events regarding the company's securities. In a statement addressing inquiries about price movement, the company maintained that it was not aware of any undisclosed price sensitive information or material event that could impact its share price behavior.The company affirmed that the movement in its stock price is purely market-driven and that management holds no control over it. Liotech Industries stated that it remains committed to fulfilling all applicable disclosure requirements, pledging to promptly inform the Stock Exchange if any material...

Propshare Platina Board Meeting Scheduled to Approve Q1 Financial Results and Declare Distributions PropShare Investment Manager Private Limited has announced that a meeting of the Board of Directors for the Property Share Investment Trust, specifically concerning PropShare Platina, is scheduled. The meeting is set to take place on Monday, July 13, 2026.The board meeting is intended to consider and approve key operational and financial aspects of the scheme for the quarter ended June 30, 2026.The agenda items for the upcoming Board Meeting focus primarily on reviewing the performance metrics and subsequent rewards for unitholders. The company will address two core matters: the review of quarterly financials and the declaration of...

Repro India Ltd Details Operational Scope and Sustainability Initiatives in FY 2025-26Repro India Limited has detailed its business activities, operational footprint, and sustainability performance for the financial year ending March 31, 2026. As a leading entity in book manufacturing, the company provides print and allied solutions primarily to educational, academic, and publishing markets, serving both domestic and international clientele.The core business activity of Repro India Limited is the printing, manufacturing, and provision of allied print solutions for books, educational content, publishers, and other commercial products, constituting 100% of its turnover. The company operates through 4 plants and 2 offices nationally...

ASM Technologies Ltd Announces Details and Key Dates for Annual General MeetingASM Technologies Ltd has announced key dates related to its upcoming Thirty-Fourth Annual General Meeting (AGM) of its members. The AGM is scheduled to take place on Wednesday, August 5th, 2026, at 4:00 P.M. (IST). Shareholders will be able to attend the meeting through Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to applicable regulations set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.To facilitate investor participation in the AGM, the company has specified several critical dates related to dividend eligibility and voting rights. The Record Date for determining members eligible to receive...

Lake Shore Realty to Hold Board Meeting to Approve Q2 Unaudited Financial Results Lake Shore Realty Ltd, formerly Mahaan Foods Limited, has scheduled a meeting of its Board of Directors to review and approve the company's unaudited financial results for the quarter ending June 30, 2026. The board meeting is set for Friday, July 17, 2026.The primary agenda item for the management is the approval and recording of the Unaudited standalone Financial Results, along with the Limited Review Reports from Statutory Auditors, pertaining to the quarter ended June 30, 2026. The company's board will also consider any other items with the permission of the Chair.In addition to the financial review, the company provided an update regarding the...

Hero MotoCorp Reports Significant ESG Milestones in FY 2025-26, Achieving High Levels of Water Positivity and Waste Management Hero MotoCorp Ltd. has released its Business Responsibility and Sustainability Report for the financial year 2025-26, highlighting substantial progress against its environmental and social governance (ESG) commitments. The report details operational performance across manufacturing sites, workforce engagement, and strategic alignment with sustainability goals set by the company.The company's long-term ESG strategies include achieving 100% Carbon Neutral Operations (Scope 1+2) by 2030, establishing 100% Zero Waste-to-Landfill Facilities by 2025, and reaching 30% Gender Diversity across its operations by 2030...

Gujarat Inject Kerala Ltd Plans Board Meeting to Approve Q2 Un-Audited Financial Results Gujarat Inject Kerala Ltd has scheduled a Board meeting to review and approve the company's un-audited financial results for the quarter ended on June 30, 2026.The meeting of the Company's Board of Directors is set to take place on Wednesday, July 15, 2026. The primary focus of the board will be the consideration and approval of the Un-Audited Financial Results for the specified quarter.In addition to reviewing the financials, the agenda includes taking on record the Reports issued by the Statutory Auditors. Members of the Board are also required to consider any other business that may receive permission from the Chairperson.Murali...

Ranjeet Mechatronics Ltd Appoints Ms. Kriya Dipakbhai Shah as Internal Auditor for FY 2026-27 Ranjeet Mechatronics Ltd has appointed Ms. Kriya Dipakbhai Shah, a Company Secretary, as the Internal Auditor of the company. This appointment was made by the Board of Directors during its meeting held on July 10, 2026.Ms. Kriya Dipakbhai Shah is set to serve as the Internal Auditor for the financial year 2026-27. The decision follows a review of the company's internal audit requirements and commitments under Section 138 of the Companies Act, 2013.The Board of Directors approved the appointment, recognizing Ms. Shah’s professional background and expertise in corporate governance and auditing matters.Profile and Details of Appointment Ms...

Indo Cotspin Ltd Board Meeting Scheduled to Approve June Quarter Results Indo Cotspin Limited has scheduled its Board of Directors meeting to consider and approve the standalone unaudited financial results for the quarter ended on June 30, 2026. The company also announced updates regarding the insider trading window following this assessment.The Board meeting is set to take place on Saturday, July 18, 2026, at the registered office of Indo Cotspin Limited located in Panipat, Haryana, India.During the meeting, the Board is expected to consider and approve the Standalone Unaudited Financial Results along with the Limited Review Report for the quarter ending June 30, 2026. The agenda also includes considering any other matters deemed...

Alpine Housing Development Corporation Ltd maintains key compliance officer and RTA assignments Alpine Housing Development Corporation Limited has maintained the appointment of its Compliance Officer and Registrar and Transfer Agent (RTA) across multiple reporting quarters, according to records detailing corporate service arrangements.The company's status regarding its appointed Compliance Officer indicates continuity in this role. KURIAN ZACHARIAS is listed as the Compliance Officer, holding membership number 35739. He has been appointed since March 2017 and holds a qualification as a Company Secretary. The tenure for the specified period shows consistent engagement from his side.Key details concerning the Compliance Officer...