Markets

Ideaforge Technology Completes Qualified Institutional Placement Allotment, Raises ₹5,000 Million Ideaforge Technology Limited announced the successful allotment of equity shares under its recent Qualified Institutions Placement (QIP). The placement, which spanned from July 7, 2026, to July 10, 2026, resulted in an aggregate consideration of ₹5,000.00 million.The company confirmed that the Fund Raising Committee approved the issue and allotment of 6,289,308 Equity Shares to eligible qualified institutional buyers. The shares were issued at an issue price of ₹795.00 per Equity Share. This price included a discount of ₹40.86 per Equity Share from the floor price, representing a premium of ₹785.00 per Equity Share over the face value...

Godrej Agrovet Reports on Business Responsibility and Sustainability for FY 2025-26 Godrej Agrovet Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report details the company's performance across environmental stewardship, social commitment, and governance principles.The BRSR emphasizes sustainability as an integral part of the company’s mission, guided by the "Good & Green" philosophy. This year’s reporting provides a comprehensive look at agricultural input manufacturing, resource management, and stakeholder engagement.Business Scope and Operations As of the financial year 2025-26, Godrej Agrovet operates with a wide national footprint, maintaining...

Nakul Pasricha Appointed as Additional Independent Director at Hindustan Construction Company Limited Hindustan Construction Company Limited has appointed Mr. Nakul Pasricha as an Additional (Non-Executive Independent) Director. The appointment was made by the Board of Directors and is effective from July 10, 2026.The addition of Mr. Pasricha comes following recommendations by the Nomination and Remuneration Committee. He has been appointed for a term of five consecutive years, not liable to retire by rotation.The appointment is conditional upon obtaining approval from the Members of the Company during the ensuing General Meeting or within three months of the appointment date, whichever occurs earlier.Profile and Expertise Mr...

Balrampur Chini Mills Ltd Drives Sustainability Awareness with 'Bioyug On Wheels' at Shree Somnath TempleBalrampur Chini Mills Limited (BCML) is intensifying its commitment to sustainable practices across public and cultural spaces in India through its nationwide awareness initiative, 'Bioyug On Wheels'. The company successfully brought the conversation surrounding compostable bioplastics to the iconic Shree Somnath Temple in Gujarat.The mobile activation showcased the potential of compostable Poly Lactic Acid (PLA)-based solutions as practical alternatives to conventional plastics. Hosted at the temple parking area, which is designated a Plastic-Free Zone, the initiative welcomed thousands of daily devotees and tourists. The...

Gopal Singh Appointed as Part-time Official Director at NLC India Limited NLC India Limited has appointed Shri Gopal Singh, Joint Secretary of the Ministry of Coal, Government of India, as a Part-time Official Director. This appointment supersedes Sanoj Kumar Jha in this capacity, effective immediately and until further orders.Shri Gopal Singh was appointed to the role effective July 10, 2026. As detailed in the company records, Shri Gopal Singh is an Indian Forest Service (IFS) officer of the Bihar Cadre and currently serves as Joint Secretary at the Ministry of Coal. He holds a Ph.D. in Agronomy from the Indian Agriculture Research Institute, New Delhi. In his current capacity within the Ministry of Coal, he handles key...

Inventurus Knowledge Solutions Executes Subordination Agreement for Intercompany Debts Against Major Financing Facilities Inventurus Knowledge Solutions Limited has finalized the execution of a subordination agreement concerning intercompany debts owed to its related parties. The agreement, dated July 10, 2026, involves Inventurus Knowledge Solutions, Inc., and several affiliated entities.The primary purpose of the Subordination Agreement is to establish the ranking of specific intercompany debts and liabilities relative to external financing obtained by IKS Inc.The companies involved in the agreement include Inventurus Knowledge Solutions Limited (the Company), IKS Inc., Aquity Holdings, Inc., Aquity Solutions, LLC, Aquity...

EIH Associated Hotels Announces 43rd Annual General Meeting and Release of FY2025-26 Annual Report EIH Associated Hotels Limited has scheduled its 43rd Annual General Meeting (AGM) for its members. The AGM is set to be held on Tuesday, August 4, 2026, at 4:30 P.M. and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The meeting will cover the presentation of the Annual Report for the Financial Year 2025-26. The company has made the complete details of this annual report accessible online to shareholders.Shareholders can access the comprehensive Annual Report for the Financial Year 2025-26 through the designated web link...

Pelatro Limited Announces Book Closure and Record Date for AGM and Final Dividend Pelatro Limited has announced the book closure dates and the record date for its equity shareholding, providing details regarding the upcoming Annual General Meeting (AGM) and the distribution of the final dividend.The company confirmed that its Register of Members will be closed during a specific period to facilitate these corporate actions. This booking process is essential for the purposes related to the AGM and the Final Dividend distribution.A clear timeline detailing the involved dates for Pelatro Limited has been established, as summarized below:SymbolType of SecurityBook Closure FromBook Closure ToRecord DatePurposePELATROEquityJuly 17...

Gopal Singh Appointed as Part-time Official Director at NLC India Limited NLC India Limited has appointed Shri Gopal Singh as a part-time official director, marking changes in the composition of its board. The appointment follows instructions from the Ministry of Coal, Government of India, effective immediately.Shri Gopal Singh, Joint Secretary in the Ministry of Coal, has been designated to take up the role of Part-time Official Director at NLC India Limited. This change comes as part of a rotation within official appointments.The company disclosed detailed information regarding the new appointee and his professional background. Shri Gopal Singh is identified as an officer from the 2003 Batch of the Indian Forest Service (IFS)...

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...