Markets

FIIs Surge as Marketclimbs; Indices Extend Gains as Institutional Investors Net Buy Shares Indian stock markets extended their upward trajectory on July 10, with both foreign and domestic institutional investors recording net buying for the day. This positive momentum followed a brief period of selling in the previous session, setting a bullish tone despite persistent global uncertainties.Provisional data from the exchanges showed that Foreign Institutional Investors (FIIs) remained strong buyers, investing Rs 2,603.72 crore into Indian equities. Concurrently, Domestic Institutional Investors (DIIs) added robust support to the market, recording a net inflow of Rs 2,019.68 crore during the trading session.FII and DII Performance...

Shoppers Stop Limited Seeks Reclassification of Promoter Entities to Public Shareholder Category Shoppers Stop Limited is undertaking a process for the reclassification of certain entities from the 'Promoter and Promoter Group' category to the 'Public Shareholder' category. The company initiated this move on July 10, 2026.The reclassification effort targets specific promoter entities, moving them into the status of Public Shareholders on the stock exchanges where the Company’s equity shares are listed.The companies identified for reclassification and their current holding details are presented in the following table:Sr. No.Name of Outgoing Promoter EntitiesNo. of shares held% of shareholding1.Content Properties Private...

Mutual Fund SIP Inflows Hit Record High, Signaling Strong Retail Confidence Amid Moderating Stoppage Ratio The mutual fund industry witnessed a significant surge in committed savings as Systematic Investment Plan (SIP) contributions climbed to a record Rs 31,781 crore in June. This robust performance indicates strengthening retail participation and sustained investor confidence across the sector.Record SIP Inflows Boost Industry Momentum Monthly SIP contributions saw an uptick of 2.7 percent compared to May 2026, reaching Rs 31,781 crore. Looking at a longer-term trajectory, this figure marks a substantial increase of 16.5 percent from the contribution level of Rs 27,269 crore recorded in June 2025.The improved trend was reflected...

Finance Minister Pitches Banks to Revive FCNR Deposits Amid Declining Inflows Finance Minister Nirmala Sitharaman is scheduled to chair a crucial meeting with public sector banks (PSBs) on July 13th. The focus of this high-level gathering is the mobilization of foreign currency deposits, specifically Foreign Currency Non-Resident (Bank) deposits or FCNR(B).The minister will also address strategies for encouraging External Commercial Borrowings (ECBs), particularly among state-owned enterprises and central public sector enterprises (CPSEs). This initiative comes as efforts to attract foreign currency remain under scrutiny.Addressing the Steep Decline in Foreign Currency Deposits The push to boost FCNR(B) deposits is necessitated by a...

Kokuyo Camlin Releases Sustainability Report for FY 2025-26 Highlighting ESG Commitments and Operations Kokuyo Camlin Limited has released its Business Responsibility and Sustainability Report for the financial year 2025-2026. The report details the company's operational scope, human resource commitments, environmental performance, and adherence to governance standards.The company specializes in the manufacturing and trading of consumer products, primarily stationery and colour items used for scholastic and art purposes. With a heritage dating back to 1946, Kokuyo Camlin serves both domestic and international markets, operating across 3 national plants and 3 offices. The brand is recognized as an established stationery provider...

SMFG Consolidates India Strategy, Considering Centralizing Business through Yes Bank in Major Market Shift Sumitomo Mitsui Financial Group (SMFG) is actively re-evaluating its operational strategy across India. Sources familiar with the ongoing deliberations revealed that the Japanese financial giant is seeking ways to streamline and consolidate its presence within one of the world's fastest-growing banking markets. This strategic pivot comes amid discussions concerning changing regulatory guidelines in the country.Rethinking Operations: SMFG Looks Towards Yes Bank Consolidation SMFG, Japan’s second-largest lender, is reportedly studying various methods to simplify its diverse operations in India. The company may seek to conduct its...

SECL Nabs Historic Gazette Notification for Flagship CSR Scheme After Impressive Student Success Rates Ministry of Coal Certifies 'SECL Ke Sushrut' as First PSU CSR Initiative in Gazette of India South Eastern Coalfields Limited (SECL), a subsidiary of Coal India, has achieved a landmark moment in corporate governance. The company’s flagship Corporate Social Responsibility (CSR) initiative, 'SECL Ke Sushrut,' has been officially notified by the Ministry of Coal in the Gazette of India. This makes it the first CSR scheme among all Coal Public Sector Undertakings (PSUs) to receive such an official notification.The notification marks a significant step toward robust governance and transparent benefit delivery within the mining sector...

Prime Minister Stresses Navigating Global Rivalry: India Navy 'Guarantees' Peace and Security in the Indian Ocean Region Raksha Mantri Shri Rajnath Singh reaffirmed today that India stands as the primary guarantor of peace and stability throughout the increasingly complex Indian Ocean Region. Speaking to naval personnel in Visakhapatnam, Mr. Singh commended the Indian Navy for safeguarding maritime interests while upholding the Tricolour amid rising geopolitical tensions.The address, given on July 10, 2026, coincided with the commissioning of Mahendragiri, the sixth Project 17A indigenous stealth frigate into the Indian Navy. The event underscored India's growing commitment to both defense readiness and maritime supremacy in critical...

Himatsingka Seide Limited Approves Series E Non-Convertible Debentures with Rs 200 Crore Private Placement The Securities Committee of the Board of Directors of Himatsingka Seide Limited approved the reclassification and key terms for its Series E Non-Convertible Debentures (NCDs) during a meeting held on July 10, 2026. The decision relates to a private placement intended to raise a total of Rs 200 crore.The series comprises Series 'E' INR denominated, senior, secured, unrated, unlisted, redeemable, and taxable Non-Convertible Debentures (Series 'E' NCDs). This issuance is structured as a private placement targeting eligible investors.Key Details of the Non-Convertible DebenturesThe debentures have a tenure of 42 months from the...

Ideaforge Technology Completes Qualified Institutional Placement, Allocates Over 6 Million Shares at ₹795 Price Ideaforge Technology Limited has finalized its qualified institutions placement (QIP), confirming the allocation of 6,289,308 equity shares to eligible qualified institutional buyers. The decision was made by the company's Fund Raising Committee on July 10, 2026.The Issue was opened on July 7, 2026. Following the successful closure, the committee determined and approved the allocation details for the Equity Shares, setting the final issue price at ₹795.00 per share.The placement provided a discount from the floor price of ₹835.86 per equity share, resulting in a 4.89% reduction. The confirmed premium on the stock was set...

SEBI Greenlights Intraday Borrowing for Mutual Funds, Addressing Liquidity Mismatches in Market Settlement SEBI has introduced significant amendments permitting mutual funds to avail intraday borrowing facilities. This move aims to address inherent liquidity mismatches arising from differences in market settlement timings within the financial ecosystem. The new regulations are set to override previous guidelines concerning fund borrowings, enhancing operational flexibility while strictly maintaining investor protection protocols.SEBI Amendments Target Liquidity Gaps in Mutual Funds In a key regulatory action, SEBI modified the SEBI (Mutual Funds) Regulations, 2026. This amendment was carried out vide Gazette Notification no...

Bharat Heavy Electricals Puts Sustainability at Core, Reports on ESG and Climate Initiatives for FY 2025-26 Bharat Heavy Electricals Limited (BHEL), a Government of India Undertaking, has released its Business Responsibility and Sustainability Report (BRSR) detailing its environmental stewardship, social commitments, and operational scope for the financial year 2025-26. The report underscores BHEL's commitment to sustainability through its transformative initiative, HARIT BHEL, which aims for Net Zero emissions by 2047.The comprehensive reporting was assured by S R Asia for the BRSR Core and covers all aspects of the company’s material responsibilities.Operational Scope and Business Segments BHEL is a nationally significant entity...

Ms. Isha Goyal Resigns from Senior Management Post at Leela Palaces Hotels Subsidiary Leela Palaces Hotels & Resorts Limited, which was formerly known as Schloss Bangalore Limited, has announced that Ms. Isha Goyal has resigned from her position within the company's wholly owned subsidiary.Ms. Goyal, who held the post of SVP & Head Human Resources at Schloss HMA Private Limited, a subsidiary of Leela Palaces Hotels & Resorts Limited, ceased to be a designated Senior Management Personnel (SMP) of the Company. The resignation was effective as of the close of business hours on July 9, 2026.The company noted that Ms. Goyal tendered her resignation due to personal reasons.Details regarding this change in personnel are summarized below...

Sagarsoft Re-appoints Keerthi Anantha as Independent Director for Five Years Sagarsoft (India) Ltd announced that its shareholders re-appointed Smt. Keerthi Anantha as a Non-Executive Independent Director following the 30th Annual General Meeting held on July 10, 2026. The re-appointment extends her tenure for a second term of five years, effective from November 10, 2026.Smt. Keerthi Anantha was re-appointed at the company's annual meeting. She maintains no relationship with any Director or Manager or Key Managerial Personnel of Sagarsoft (India) Ltd.The Board benefits from Smt. Anantha’s extensive experience as a lawyer, who possesses over 23 years of professional practice. Her expertise spans corporate law, real estate matters...

CMPDIL Reports Drilling Progress Update, Reconstitutes Key Committees, Appoints Statutory Auditor Central Mine Planning & Design Institute Limited (CMPDIL) detailed the outcomes of its 310th Board meeting held on July 10, 2026. The meeting reviewed operational achievements for FY 2026-27 and approved changes to corporate governance structures, including the reconstitution of the Audit and Risk Management Committees, as well as the appointment of a Statutory Auditor for the first quarter review.Operational Drilling Progress Appraisal The Board appraised the progress of drilling activities up to May 2026 in Financial Year 2026-27 against the proposed targets. CMPDIL had initially set a target of 12.00 lakh m for FY 2026-27, which was...

Tahmar Enterprises Enters Renewable Energy Sector with Launch of 'Tahmar Energy Platform' Tahmar Enterprises Ltd has entered a new business line in the renewable energy sector with the launch of its 'Tahmar Energy Platform.' The company announced this development on July 9, 2026.The platform represents a new division within Tahmar Enterprises and focuses on solar power generation. Under the model, consumers who enroll as members of co-operative solar societies own identified solar generating capacity located in offsite, society operated solar farms. These members can then set off the benefits of this generated electricity against their consumption.Tahmar Enterprises operates the platform as a dedicated new business division. The...

Central Pollution Control Board Conditionally Revokes Closure Directives for Simbhaoli Sugars Distillery Simbhaoli Sugars Limited has received Conditional Revocation Directions from the Central Pollution Control Board (CPCB) regarding the closure of its Unit-Simbhaoli Distillery in Hapur. This development marks a significant step toward the resumption of operations at the facility, provided all statutory and regulatory requirements are met.The company confirmed that it received the Conditional Revocation Directions letter on July 9, 2026, issued by the CPCB on July 7, 2026, under Section 5 of the Environment (Protection) Act, 1986. These directions conditionally revoke previous closure instructions issued by the CPCB, which had been...

Tahmar Enterprises Receives Demand Notice from KDCC Bank Under SARFAESI Act; Contests Action Tahmar Enterprises Ltd has received a demand notice issued by the Kolhapur District Central Co-operative Bank Limited (KDCC Bank) concerning a mortgage debt. The notice, dated July 1, 2026, calls upon the company to repay Rs. 2440.07 Lacs within sixty days.The notice relates to a deed of mortgage executed on October 17, 2024, registered at sr. no. 4901/ 24 in favor of the bank. The secured assets are located on Gat no. 990/1 situated at Bhadgaon, Gadinglaj, Kolhapur. Tahmar Enterprises received this demand notice on July 8, 2026.The company stated that it does not accept the demand and is actively contesting the action. According to the...

Promoter Acquires Shares in Saj Hotels Limited, Increasing Holding to 2.14% Saj Hotels Limited saw a transaction increase in its promoter holding as Kartik Maganlal Timbadia acquired shares of the company through the open market. The acquisition resulted in an elevated stake for the promoter in the listed entity.The purchase details indicate that Mr. Timbadia, identified as a Promoter, increased his shareholding on 10.07.2026. Prior to this transaction, he held 326,000 shares, representing 2.02% of the company's securities.Details of the Open Market acquisition are summarized in the table below:Insider NameCategoryShares Before AcquisitionShares AcquiredPurchase ValueNew Holding (Shares)New Holding (%)Kartik Maganlal...

Rajratan Global Wire Limited Sets Record Date for Annual General Meeting and Dividend Rajratan Global Wire Limited (RGWL) has announced the record date pertaining to its forthcoming Annual General Meeting and dividend distribution, providing clarity to investors regarding the event timeline.The company confirmed that all equity shares listed on both major exchanges will utilize a uniform record date of July 17, 2026. This date is designated for the purposes of the Annual General Meeting and the corresponding dividend declaration.Details of the security type and associated stock exchange are as follows:Stock ExchangeSecurity TypeRecord DatePurposeBSE LimitedEquity SharesJuly 17, 2026Annual General Meeting and Dividend...