Markets

Equity Rally Sustains Record SIP Growth as Market AUM Climbs Despite Debt Fund Redemptions The mutual fund industry witnessed a resilient June, with overall Assets Under Management (AUM) rising by 0.79 percent month-on-month to ₹82.22 lakh crore. This growth was primarily fueled by strong inflows into equity and hybrid funds, underscoring sustained retail investor confidence. While the overall picture was positive, debt mutual funds faced significant outflows due to expected quarter-end treasury management.Equity Inflows Extend Record Streak as Mid-Caps Lead Rally Equity mutual funds attracted net inflows of ₹28,973 crore in June, a notable increase from the ₹22,908 crore seen in May. This performance extends the industry’s...

NCLT Issues Notice to Ola Electric in ₹9.57 Crore Insolvency Plea Over Alleged Default The National Company Law Tribunal (NCLT) has taken a significant step against Ola Electric Technologies Private Limited by issuing notice in an insolvency petition. This move follows an operational creditor filing a case over a specific alleged default of ₹9.57 crore.The Bengaluru Bench of the NCLT passed this order while hearing a petition filed by Seoyon E-Hwa Summit Mobility Krishnagiri Private Limited. The company, which supplied automotive parts, is now seeking resolution proceedings against the EV manufacturer.Insolvency Petition Details and Creditor Allegations Seoyon E-Hwa Summit Mobility represented the operational creditor in the matter...

Rategain Travel Technologies Reappoints Ms. Aditi Gupta as Non-Executive Independent Director Rategain Travel Technologies Limited has approved the re-appointment of Ms. Aditi Gupta as a Non-Executive Independent Director for a second consecutive term. The appointment, which is subject to shareholder approval, covers five years, effective from July 15, 2026, through July 14, 2031.The Board of Directors approved the re-appointment on July 10, 2026, following a recommendation from the Nomination and Remuneration Committee. Ms. Gupta has confirmed that she meets the necessary criteria for independence under Section 149 of the Companies Act, 2013, and related listing regulations.Ms. Aditi Gupta possesses extensive experience in...

Tata Asset Management Elevates Internal Talent as Anand Vardarajan Assumes Leadership Role Tata Asset Management Private Limited (TAMPL) has announced a significant leadership transition within its organization. The investment manager of Tata Mutual Fund confirmed that Chief Executive Officer and Managing Director Prathit Bhobe has stepped down from his role. This executive change underscores the company's robust internal talent pipeline and succession planning efforts.Prathit Bhobe Steps Down from TAMPL Leadership The announcement detailed that Prathit Bhobe concluded his tenure as CEO and Managing Director effective July 7, 2026. The leadership exit was confirmed by the AMC, aligning with prior reports regarding a senior executive's...

Maharashtra Farm Loan Waiver Reimagined: Ceiling Removed, Scope Massively Expanded for Lakhs of Farmers Maharashtra Chief Minister Devendra Fadnavis has announced a significant enhancement to the state's farm loan waiver program, effectively removing the previously imposed Rs 2 lakh arrears ceiling. This major revision comes as part of the 'Punyashlok Ahilyadevi Holkar Farm Loan Waiver Scheme,' promising relief and wider coverage for thousands of distressed agriculturalists across the state.Addressing the legislative assembly on Friday, Fadnavis confirmed that this move would benefit numerous farmers who were previously excluded due to exceeding the previous dues limit. The government has also extended the eligibility window, allowing...

High Energy Batteries India Ltd Schedules Board Meeting to Approve Q2 2026 Unaudited Financial Results High Energy Batteries India Ltd announced plans for a forthcoming Board of Directors meeting focused on reviewing and sanctioning the company's unaudited financial performance for the quarter ending June 30, 2026.The management informed stakeholders that the meeting is scheduled to address various subjects, with the primary agenda item being the consideration and approval of the Unaudited Financial Results of the company for the Quarter ended 30th June, 2026.A meeting of the Board of Directors of High Energy Batteries India Ltd will be held on Saturday, July 25, 2026, to conduct the review and approval process for these results...

Milky Mist Prepares Massive ₹20 Billion Dairy IPO: What It Means for India's Market Leaders? Anticipation Builds Ahead of Major Dairy Sector Listing Milky Mist Dairy Food Ltd., a company based in Tamil Nadu, is reportedly preparing to launch a significant initial public offering (IPO) this month. The expected listing could potentially become one of the largest dairy sector IPOs seen in India.The company has been conducting investor roadshows as it readies for the share sale. Sources familiar with the matter suggest that the offering could open either at the close of July or early August. A representative from Milky Mist declined to comment on this timeline.Structure and Financial Scope of the IPO The proposed public offering is...

Devson Catalyst IPO Sees Massive Demand Surge, Stocks Subscribed Over 27X on Day Two The Initial Public Offering (IPO) of Devson Catalyst Limited continues to show exceptional investor enthusiasm, with the issue being subscribed over 27 times as of the close of day two. This SME offering demonstrated strong support from retail investors and non-institutional buyers alike. The IPO aims to raise significant capital for expansion, positioning the stock for a promising market debut.IPO Subscription Details and Market ResponseAs reported by BSE data, the Devson Catalyst IPO received bids for 7,07,67,600 shares against an offered quantity of 25,87,200 shares. This translates to a comprehensive subscription rate of 27.35 times as of 5:00...

Gold Prices Surge on Bargain Hunting; Value Buying Boosts Demand Amid Weak US Dollar Precious metal demand revived as traders capitalize on lower prices, sending gold and silver higher in major Indian markets. Gold edged up by Rs 400 to reach Rs 1,48,500 per 10 grams in the national capital on Friday. Silver also saw a significant jump, surging Rs 5,000 to reach Rs 2,37,000 per kilogram (inclusive of all taxes).The recovery is largely attributed to value buying by traders and the weakening US dollar index, boosting the appeal of precious metals domestically. The yellow metal of 99.9 per cent purity closed at Rs 1,48,100 per 10 grams during the preceding session.Precious Metals Surge on Value Buying in Indian Markets Traders noted...

Avance Technologies Ltd Board Meeting Approves Key Appointments and Mandates Postal Ballot for Member Ratification The Board of Directors of Avance Technologies Ltd held a meeting on Friday, July 10, 2026, addressing several significant matters related to the company’s governance structure. The board considered various points that require approval from the members through a subsequent postal ballot and remote e-voting process.Key items presented for shareholder ratification included seeking member approval for M/s A Raghavendra Rao & Associates, Chartered Accountants, as the Statutory Auditors of the Company. Furthermore, the Board sought member approval for Mr Santosh Hambare (DIN:11523270) to serve as the Managing Director. The...

Bitcoin Plummets Near Historic Low: Analysts Weigh In on Potential Long-Term Bottoming Zone Bitcoin's market correction is intensifying questions regarding whether the leading cryptocurrency is entering a significant long-term bottoming phase. After achieving peaks exceeding $120,000, BTC has seen substantial declines, prompting experts to compare its current structural setup to previous bear market cycles. The drawdown brings Bitcoin close to historical consolidation zones that have historically preceded major recovery phases.Structural Parallels and Cycle Analysis Analysts point out several structural similarities between the current downturn and the 2021-2022 market cycle. Over past crypto cycles, Bitcoin has often experienced...

Zetwerk Clears SEBI Hurdle: IPO Approval Ignites Buzz as Tech Manufacturer Eyes Massive Funding Zetwerk Manufacturing Business Limited has secured crucial regulatory clearance from the Securities and Exchange Board of India (SEBI) for its planned Initial Public Offering (IPO). This approval marks a significant milestone, clearing a major hurdle in the company's journey toward a public stock market debut.The IPO structure will incorporate both a fresh issue of shares and an offer for sale to existing shareholders. The precise size of the offering and the final valuation metrics will be determined through the established book-building process.Details of Zetwerk's Proposed Fundraising and IPO Structure Earlier reports indicated that...

Borosil Renewables Ltd Announces Board Meeting to Review Quarter End Financial Results Borosil Renewables Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial performance for the quarter ended June 30, 2026.The board meeting is set for Thursday, July 16, 2026. The primary agenda item for the gathering will be the consideration and approval of both the Standalone and Consolidated Un-audited Financial Results of the company for the specified quarter.In relation to the financial results and corporate actions, the trading window closure period for Designated Persons and their immediate relatives has been confirmed. This trading restriction, which commenced on July 01, 2026, will remain in...

MMOPL Completes Massive Debt Restructuring: Reliance Infra Subsidiary Cuts Over ₹1,100 Cr Debt, Securing Metro Line’s Future MMOPL Achieves Major Financial Milestone as Insolvency Proceedings Cease Reliance Infrastructure reported a significant financial turnaround for its subsidiary, Mumbai Metro One Private Limited (MMOPL). The company announced that it has successfully reduced its current debt payable to National Asset Reconstruction Company Limited (NARCL) by more than ₹1,100 crore. This reduction, achieved through a structured debt restructuring agreement, marks a pivotal moment in the financial health of the metro line operation.The restructuring initiative is set to withdraw all ongoing insolvency proceedings that were...

Zetwerk Manufacturing Business Gets SEBI Clearance; Three More Public Issues Clear Path for Launch The Indian capital markets are buzzing as the Securities and Exchange Board of India (SEBI) granted crucial approval to Zetwerk Manufacturing Business, paving the way for its highly anticipated Initial Public Offering (IPO). In addition to Zetwerk, three other companies—Marri Retail, Tonbo Imaging India, and Gujarat Victory Forgings—were also cleared by the regulator during the week, setting a steady pace for corporate listings.Zetwerk, a technology-led global manufacturing entity based in Bengaluru, is planning a significant capital raise of up to Rs 4,200 crore through its IPO. The company has secured backing from major investors...

TRF Limited Board Meeting Scheduled to Discuss Qended June 30 Financial ResultsTRF Limited has announced a meeting of its Board of Directors to review and approve the unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. The board meeting is set to take place on Thursday, July 16, 2026.The notice details that the primary agenda item at the meeting will be considering and taking on record the financial performance of the company as per these results.In compliance with the Company's Code for Prevention of Insider Trading, restrictions have been placed on securities trading. The trading window for dealing in TRF Limited's securities was closed starting Wednesday, June 24, 2026.The trading...

SBI Funds Management IPO Set to Ignite Investor Interest Amid Cheaper Valuation vs Tiered Peers The market is keenly awaiting the listing of SBI Funds Management (SFM), a major player in India’s asset management space. The company is undertaking a maiden public equity offering, positioning it as an attractive exposure for investors seeking a robust blue-chip AMC.The IPO details include a price band set at Rs 545 to Rs 574 per share and is scheduled to run for three days. This offer involves the divestment of shares by both the promoters, SBI, and Amundi India Holding. SFM itself will not be selling new equity in this offering.IPO Details: Offer Structure and Timeline The Rs 11,600-crore public offering is scheduled to begin on July...

Gold Plunge: Indian Demand Weakens as Discounts Deepen Amid Global Volatility Gold prices saw a retreat from last week's surge as international spot rates slipped to a two-week low. This shift in global momentum has been keenly felt in the domestic market, leading to deepening discounts for buyers in India amid persistent price volatility. While local buying sentiment slows down, China remains stable, driven by significant counter-cyclical purchasing from its central bank.Deepening Gold Discounts Hit Indian Market Demand Domestic gold prices in India were reported trading around 144,800 rupees per 10 grams on Friday, following a previous week's high of 148,069 rupees. The softening sentiment led dealers to offer substantial discounts...

Key Management Change at BMB Music & Magnetics Ltd: Koshal Gupta Appointed as Company Secretary and Compliance Officer BMB Music & Magnetics Ltd has completed a transition in its secretarial roles following a board meeting held on July 10, 2026. The company announced the appointment of Mr. Koshal Gupta as the new Company Secretary and Compliance Officer (Key Managerial Personnel), effective from July 10, 2026. This appointment fills the vacancy created by the resignation of Mr. Prateek Bhansali.Mr. Koshal Gupta was appointed to the position after affirming that he is not debarred from holding the office of CS and Compliance Officer by virtue of any order of SEBI or any such authority. In addition to his secretarial duties, Mr. Gupta's...

Millworks Tech IPO GMP Crosses 100%, Signaling Potential Blockbuster Debut Ahead of Listing The excitement surrounding the Millworks Technologies SME Initial Public Offering (IPO) has intensified as its Grey Market Premium (GMP) soared past the critical 100 percent mark. The Bengaluru-based company, which manufactures precision-machined components for key sectors like aerospace and rail transport, is set to offer a fresh equity issue next week.The Rs 160.34 crore SME IPO is scheduled to open for public subscription on July 14 and close on July 16. The fixed price band for the shares has been set at Rs 315-331 per share, with each lot size comprising 400 shares.Skyrocketing Grey Market Premium Signals Investor Confidence Tracking...