Markets

Divine Power Energy Completes Payment for Specialized Machinery for CTC Production Line Divine Power Energy Limited has announced the successful completion of payments related to specialized production machinery intended for establishing a Continuously Transposed Conductor (CTC) line. The procurement is set to significantly bolster the manufacturing capacity of its subsidiary, Vimlesh Industries Private Limited, which focuses on winding wires and strips.The purchase, originally disclosed in December 2025, covered essential equipment, auxiliary apparatus, and necessary technical support required for setting up the CTC production facility at the company's unit.In adherence to the revised Proforma Invoice received from the overseas...

PDS Limited's Subsidiary Divests Stake in Sri Lankan Associate, Completing Separation of Interest PDS Limited has confirmed that its step-down subsidiary, Nor Lanka Manufacturing Limited, Hong Kong, divested its entire 26% equity stake in Nobleswear (Private) Limited, a step-down associate of the company. The divestment was finalized on June 5, 2026. As a result of this transaction, Nobleswear has ceased to be a step-down associate of PDS Limited.The sale involved Nor Lanka Manufacturing Limited divesting its stake in Nobleswear (Private) Limited, based in Sri Lanka. The purchase details and the current status of the relationship have been disclosed following the conclusion of the transaction on July 10, 2026.Key details pertaining...

United Spirits Limited Releases Sustainability Report Detailing ESG Performance Metrics for FY 2025-26 United Spirits Limited (USL), part of Diageo, has released its Business Responsibility and Sustainability Report for the financial year ending March 31, 2026. The report details the company's performance across various Environmental, Social, and Governance (ESG) parameters, with independent assurance obtained on key sustainability indicators.The annual review covers corporate governance, employee welfare metrics, and environmental stewardship across USL’s owned manufacturing sites and owned and leased offices and warehouses.ESG Performance Highlights The report highlights the company's commitment to responsible business conduct...

IIFL Finance Limited documents $300 Million Series of Senior Secured Notes under Global Debt Programme IIFL Finance Limited has finalized documentation related to a tranche of notes within its expansive Global Medium Term Note Programme. The company released a supplemental offering circular and a pricing supplement in relation to the issuance of USD 300,000,000 worth of notes.These debt instruments are structured as 7.60% p.a. Fixed Rate, Senior, Secured Notes due in 2030. The materials related to this specific tranche were released following the company’s earlier intimation regarding its financing structure.The issuance is part of a larger commitment by IIFL Finance Limited through the USD 1,500,000,000 Global Medium Term Note...

JM Financial Details Business Responsibilities and Sustainability Performance for FY 2025-26 JM Financial Limited, a financial services institution incorporated in 1986, has detailed its operational footprint and sustainability efforts through its Business Responsibility and Sustainability Report (BRSR) for the fiscal year ending March 31, 2026. The report covers various facets of environmental stewardship, labor practices, and ethical governance across the company's operations.Core Business and Operations Overview JMFL derives 100% of its turnover from financial activities, encompassing other financial service activities (excluding insurance and pension funding). Key revenue streams include Investment Banking (45.51% of turnover)...

Foreign Exchange Saved: Ethanol Programme Boosts Farmer Income and Reserves Nation's Wealth, Govt Says The government strongly defended its ethanol-blended petrol (EBP) programme on Friday, citing substantial savings in foreign exchange and the significant positive impact on India's agricultural economy. Addressing a conclave by the Grain Ethanol Manufacturers Association (GEMA), officials asserted that the scheme is key to reducing dependence on imported crude oil while simultaneously boosting sugarcane farmers' incomes.The EBP initiative has reportedly resulted in saving over Rs 1.90 lakh crore of foreign exchange. This achievement is attributed to the substitution of more than 310 lakh tonnes of crude oil with ethanol supply...

India Seeks $150 Billion Electronics Boom: Government Focuses on Stabilizing Global Value Chains The government held high-level deliberations with industry stakeholders this Friday, concentrating on achieving the ambitious target of reaching $150 billion in electronics exports by 2030. The discussions took place during the Chintan Shivir, providing a platform for constructive dialogue between policymakers and industry leaders.Commerce Secretary Rajesh Agrawal stressed the critical need for policy stability and predictability as global value chains expand their presence within India. He noted that the current trajectory of the global electronics sector is heavily reliant on these complex international supply lines.Defining Policy for...

L&T Finance Profits Surge 29% in Q1 as Loan Book Jumps 27% and Asset Quality Improves L&T Finance, a key player among non-bank lenders, reported robust performance for its June quarter. The company announced a significant jump in consolidated net profit, demonstrating strong growth momentum across its lending operations.The city-headquartered entity, promoted by the EPC major L&T, saw its net interest margin and fees climb to 10.47 per cent during the three-month period. This is an increase from the 10.22 per cent recorded in the comparable year-ago quarter.Financial Highlights and Net Profit Gains The most notable takeaway from the results was the consolidated net profit, which soared by 29 per cent. L&T Finance reported a net...

Just Dial Limited Announces Leadership Changes and Approves Unaudited Financial Results for Q1 FY26 Just Dial Limited has announced significant changes in its leadership structure following a recent Board meeting, approving the unaudited financial results for the first quarter ended June 30, 2026. The company also detailed the appointment of new key managerial personnel and transitions within its senior management team.The Board approved the unaudited financial results for the quarter ended June 30, 2026. These results were reviewed by the Statutory Auditors, with a Limited Review Report being provided to the Board of Directors.Key Management Appointments and Transitions The company confirmed the appointment of Mr. Dinkar...

NSE Unveils Nifty500 Ahimsa Index to Spark Values-Based Investing in Indian Markets NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced a significant step toward ethical investing with the launch of the Nifty500 Ahimsa Index. This thematic benchmark is designed to track companies whose operational practices strictly adhere to the principle of Ahimsa, or non-violence, marking a dedicated focus on values in India's capital markets.The index was developed in collaboration with the Ahimsagain Foundation. It aims specifically at investors who wish to gain exposure to businesses that do not engage in activities causing harm to animals. This specialized focus differentiates it from conventional environmental and...

Quant MF Snaps Up 2.6% Stake in Ethos as BofA Boosts Holdings in Kalyan Jewellers Quant Mutual Fund has made a significant investment move, acquiring a substantial stake in the luxury watch retailer Ethos. This acquisition comes as Ethos shares saw heavy trading volumes on Friday. The deal highlights investor confidence in the specialized luxury segment.Quant MF Acquires 2.6% Stake in Ethos Quant Mutual Fund successfully purchased 7 lakh shares of Ethos, securing a 2.6 percent stake in the company. This acquisition was executed for ₹175 crore, with the purchase price set at ₹2,500 per share. The stock closed slightly down, falling 1.94 percent to ₹2,477.50 on the National Stock Exchange (NSE).BofA Boosts Holding in Kalyan Jewellers...

MPS Limited Announces Resignation of Chief People Officer MPS Limited has announced that Ms. Deepti Singh is stepping down from her position as Chief People Officer and Senior Management Personnel due to personal reasons. The company stated that her resignation is effective from the close of business hours on 09 October 2026.The departure of Ms. Singh, who holds the title of Chief People Officer at MPS Limited, was communicated following a notice dated 10 July 2026.Details regarding the transition and cessation of her role are summarized below:ParticularsDetailsPosition Resigned FromChief People Officer and Senior Management PersonnelNameMs. Deepti SinghReason for ChangePersonal ReasonsEffective Cessation Date09...

Gradiente Infotainment Approves Major Digital Content Expansion After Q1 Financial Review Gradiente Infotainment Limited announced that its Board of Directors reviewed and approved the Unaudited Standalone Financial Results for the first quarter ended June 30, 2026. The board also sanctioned a significant strategic initiative aimed at expanding the company's presence in digital entertainment through content production and distribution.The Board meeting held on July 10, 2026, formalized approval for the production and strategic collaboration necessary to develop new digital content. This move marks an expansion into both the digital entertainment and content creation segment.As part of this strategic push, the Board approved the...

Just Dial Reports Q1 FY27 Results: Revenue Climbs 9.9% While Net Profit Rises 4.1% Mumbai, India – July 10, 2026 – Just Dial Limited, a leading local search engine company in India, announced its unaudited financial and operating results for the first quarter (Q1) of Fiscal Year 2027, ended June 30, 2026.The company reported a revenue of ₹ 327.5 Crores, marking a 9.9% year-on-year (YoY) increase and a 6.6% quarter-on-quarter (QoQ) growth. Net profit stood at ₹ 166.2 Crores, which saw a rise of 4.1% YoY.Key financial indicators for the period include an operating EBITDA of ₹ 87.4 Crores, translating to a healthy 26.7% margin. Operating Profit Before Taxes (PBT) stood at ₹ 75.1 Crores, up 4.9% YoY.As of June 30, 2026, the company...

TAC Infosec Limited Announces Q1 Unaudited Financial Results for Quarter Ended June 30, 2026TAC Infosec Limited has released its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved these results during a meeting held on Friday, July 10, 2026, after they were considered by the Audit Committee.The financial reports reflect the performance of TAC Infosec Limited and its associated subsidiaries for the first quarter of the fiscal year. Statutory Auditors have conducted a Limited Review of the unaudited results.Key operational details from the consolidated results include:MetricQuarter Ended 30.06.2026 (Reviewed)Quarter Ended 31.03.2026 (Unaudited...

India Markets Brace for State Securities Auction as RBI Puts Forthover ₹24,800 Crore worth of Bonds The Reserve Bank of India (RBI) has announced a major auction offering state government securities. The exercise aims to mobilize significant capital from the market through the sale of bonds issued by various state governments. The aggregated face value of these securities stands at ₹24,800 Crore.This comprehensive auction includes both new stock offerings and re-issues of existing securities across several states. The proceeds will be utilized for governmental financing as determined by the respective state authorities.State Governments Roll Out Massive Securities Offering The RBI has invited participation from investors in a...

Birla Cable Limited Sets Record Date for 34th Annual General Meeting and Dividend Determination Birla Cable Limited has announced the record date necessary for its shareholders regarding the upcoming 34th Annual General Meeting (AGM). The company set Monday, July 27, 2026, as the official record date.The AGM is scheduled to take place on August 3, 2026. This meeting is designed to determine eligibility for the Payment of Final Dividend on Equity Shares for the Financial Year 2025-26, should it be approved or declared by the Members during the meeting.Birla Cable Limited provided detailed information regarding this corporate event in a recent announcement. The details pertaining to the stock and the purposes are summarized below...

REC Incorporates Wholly Owned Subsidiary for Nawada Durgapur Power Transmission Project REC Limited has established a new wholly owned subsidiary, Nawada Durgapur Power Transmission Limited, to manage interests in a significant power sector project. The company incorporated this entity on July 10, 2026.The incorporation is part of the activities undertaken by REC Power Development and Consultancy Limited (RECPDCL), which itself operates as a wholly owned subsidiary of REC Limited. Nawada Durgapur Power Transmission Limited now functions as a subsidiary of both RECPDCL and REC Limited under relevant corporate provisions.This new entity was incorporated in connection with the ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor...

Hind Rectifiers Announces Final Dividend Recommendation and Details for 68th Annual General Meeting The Board of Directors of Hind Rectifiers Limited has recommended a final dividend for the financial year ended March 31, 2026. The company is scheduled to hold its 68th Annual General Meeting (AGM) to seek shareholder approval for this payment.During the board meeting held on Saturday, May 16, 2026, the Board recommended a final dividend of Rs. 1.40 per equity share. This recommendation is based on the face value of the equity shares being Rs. 2/- each.The AGM is set for Tuesday, August 11, 2026, at 01:00 p.m. (IST) and will be conducted through Video Conferencing or other Audio-Visual Means.To determine eligibility for the...

Advait Energy Transitions Limited Promoter executes Inter-se Share Transfer of 10 Lakh SharesAdvait Energy Transitions Limited, formerly known as Advait Infratech Limited, saw a significant inter-se transfer of equity shares among its promoter group. The transaction, which was completed on June 16, 2026, involved the gifting of 10,00,000 equity shares from Rejal Sheth to Shalin Sheth.The off-market transfer falls under the provisions applicable to inter-se transfers among persons belonging to the Promoter Group, stemming from the dissolution of a trust and subsequent distribution of trust assets to the beneficiary.According to transaction details, Ms. Rejal Sheth transferred 10,00,000 shares, representing 9.14% of the company’s...