Markets

SIC, SAI Ink Strategic MoU to Forge Integrated Healthcare Ecosystem for Indian Athletes' Future Landmark Partnership Promises Revolution in Sports Medicine for Indian Athletes The Sports Injury Centre (SIC), Safdarjung Hospital, under the Ministry of Health & Family Welfare, and the Sports Authority of India (SAI), operating under the Ministry of Youth Affairs & Sports, today signed a crucial Memorandum of Understanding (MoU). This partnership aims to significantly strengthen institutional collaboration in delivering comprehensive sports medicine and healthcare services to athletes and their support staff nationwide.The ceremony, attended by Union Health Secretary Smt. Punya Salila Srivastava and Secretary Shri Hari Ranjan Rao, marked...

TTK Prestige Reports on Sustainability Performance for FY 2025-26, Highlighting Energy Transition and Resource Management TTK Prestige Limited has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report details the company's commitment to sustainable operations, environmental stewardship, and social responsibility across its diverse business units.The company underscores that sustainability is integral to its ethos, aiming to deliver consistent competitive performance while minimizing its impact on the environment and meeting the evolving needs of consumers.Business Operations and Scope TTK Prestige Limited, incorporated in 1955, operates with a significant footprint across...

FIU-IND Secures Global Recognition for Cracking Massive Cyber Fraud Network Worth ₹868 Crore The Financial Intelligence Unit-India (FIU-IND) has achieved a significant international accolade, securing the Runner-up position at the prestigious Best Egmont Case Award (BECA) 2026. This recognition was bestowed during the Egmont Group Plenary held in Baku, Azerbaijan. The award acknowledges the exceptional operational success of FIU-IND in tackling a large-scale cyber fraud operation.Global Recognition for Combating Financial Crime The Best Egmont Case Award is one of the highest honors within the Egmont Group. It celebrates outstanding cases that demonstrate excellence in financial intelligence and contribute significantly to combating...

ESAF Small Finance Bank Announces Date for Tenth Annual General Meeting ESAF Small Finance Bank Ltd has scheduled its Tenth Annual General Meeting (AGM) of its members. The meeting is set to take place on Friday, August 14, 2026, at 03:00 P.M. IST.The AGM will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM). The bank has appointed NSDL to provide the necessary facility for members to attend the meeting and for facilitating e-voting processes.A key date for shareholders is August 7, 2026, which serves as the cut-off date to determine member entitlement for attending the AGM via VC/OAVM, as well as for e-voting purposes.In addition to the AGM, ESAF Small Finance Bank Ltd plans to disseminate its...

STL Secures Definitive Victory in European Patent Dispute, Enhancing Global IP Stance Sterlite Technologies Limited (STL) has announced a definitive victory in its European patent dispute against Fujikura Ltd., following a final ruling by the European Patent Office (EPO) Technical Board of Appeal. The ruling strengthens STL's market position in optical connectivity and reaffirms the strength of its global intellectual property portfolio.The EPO issued the final, binding, and non-appealable ruling on June 24, 2026. This decision resulted in the revocation of Fujikura's European Patent EP 3796060 in its entirety. The resolution also settled a related UK patent dispute between the two parties in STL's favor.This IP victory has several...

Zydus Wellness Reports Comprehensive Business Responsibility & Sustainability in FY 2025-2026 Zydus Wellness Limited, a leading consumer wellness organization, has completed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-2026. The report outlines the company's extensive operational footprint, sustainability initiatives, and commitment to ethical business practices across all stakeholders. An independent Reasonable assurance of the core parameters was conducted by SGS India Private Limited.Operational Scope and Business Activities Zydus Wellness is engaged in the research, development, manufacturing, marketing, and distribution of consumer wellness products, representing 100% of its turnover...

IG Petrochemicals Limited to Hold 37th Annual General Meeting, Announces Book Closure DatesIG Petrochemicals Limited has announced key dates for its upcoming general meeting and related corporate actions concerning the determination of members eligible for dividend.The company's 37th Annual General Meeting (AGM) is scheduled to be held on Thursday, August 6, 2026. The AGM will take place at 3:00 p.m. and will be conducted via Video Conference (VC) or other Audio Visual Means (OVAM).For the purpose of conducting the AGM and determining members eligible for dividends, the record date has been set as Thursday, July 30, 2026.A critical aspect of the announcement is the closure of registers. The Register of Members and Share Transfer...

Maritime Revolution: Government Exempts GIFT City IFSC Units from Licensing as Coastal Shipping Act Reforms Anchor India’s Global Financial Ambitions Policy Reform Boosts Marine Finance Ecosystem in GIFT City The Indian government has rolled out a major policy initiative aimed at significantly strengthening the nation's maritime services ecosystem. Units established within the International Financial Services Centre (IFSC), located in GIFT City, Gandhinagar, have been granted an exemption from the licensing requirement under Section 11 of the Coastal Shipping Act, 2025. This decisive move is designed to enhance India’s global competitiveness in international shipping and maritime leasing.The exemption, announced by the Ministry of...

Avenue Supermarts Opens New Store in Greater Noida, Extends Retail Footprint Avenue Supermarts Ltd has expanded its retail presence with the opening of a new store located at Delta 1 in Greater Noida, Uttar Pradesh. The addition marks a continued growth trajectory for the company across various markets.As of today, Avenue Supermarts reports that it operates a total of 504 stores following the launch in the Uttar Pradesh location.DMART Stock Price Movement Avenue Supermarts Limited (DMART) shares slipped by 0.11% in post-market trading today, settling at ₹4081.1. The stock saw a trade volume of 752,660 shares as it closed for the day.

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...