Markets

Gold Surges on Fed Outlook Shift: Bullion Rockets Amid Easing Inflation Fears and Labor Market Slowdown Spot gold advanced significantly as expectations regarding Federal Reserve rate hikes began to wane. Driven by softer US job numbers and a downturn in energy prices, investors have scaled back bets on monetary policy tightening—a factor that historically weighed down the non-yielding precious metal. Gold surged toward $4,200 an ounce, posting a strong 2.2% gain for the week.Diminished Hike Expectations Drive Gold Rally The data released Thursday indicated a sharp slowdown in US hiring in June, suggesting ongoing challenges within the labor market despite prior signs of strength. Swap traders now price the likelihood of the Federal...

Vedanta Iron And Steel Reports Q1 Production Highlights, Sees Highest-Ever Pig Iron Output Vedanta Iron And Steel Limited has released its production figures for the first quarter ended June 30, 2026. The company reported a rise in saleable steel production and recorded record-high pigment iron output from its Goa plant.The performance figures reflect the integrated operations of Vedanta Iron And Steel Limited (VISL) as they stand at the end of the first quarter of FY2027, following its demerger from Vedanta Limited.Key Production Highlights During Q1FY27, VISL saw several operational improvements across its primary segments:Steel: Saleable production increased 4% year over year (YoY) and by 2% quarter over quarter (QoQ)...

Coal India Limited signs JV agreement with UPRVUNL to set up renewable energy projects in Uttar PradeshCoal India Limited (CIL) has entered into a joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The agreement, signed on July 3, 2026, mandates the establishment of a joint entity dedicated to renewable energy projects within Uttar Pradesh.The partnership aims to drive the development of various green energy initiatives across the state. These include Ground Mounted Solar, Floating Solar, Pumped Storage Projects, Wind Projects, and other related renewable energy ventures, encompassing power sale and associated business activities.Key Details of the Joint Venture The collaboration is...

Everest Industries Withdraws CAPEX Plan for Fibre Cement Boards Plant in Assam Everest Industries Limited has announced the withdrawal of its capital expenditure plan for a proposed Fibre Cement Boards plant in Matia, Goalpara, Assam. The decision follows a board reassessment regarding the feasibility of the investment project.The company's wholly-owned subsidiary, Everest Buildpro Private Limited (EBPL), had previously outlined plans for the CAPEX project. As part of this commitment, EBPL had invested Rs. 10.90 crores towards securing land at the specified location from the Assam Industrial Development Corporation Limited (AIDC).The original proposal was communicated on February 25, 2025, detailing a planned CAPEX amounting to Rs...

Capillary Technologies Grants 7,92,636 Stock Options Under ESOP Plan 2021 Capillary Technologies India Limited has granted stock options to eligible employees under the ESOP Plan 2021. The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board of Directors on July 3, 2026.The company allocated a total of 7,92,636 stock options, each carrying a face value of ₹ 2/-. This action is part of the ongoing ESOP Plan 2021 for the organization's employees.According to details provided by the company regarding this grant, the exercise pricing differs based on the recipient's residency status. For recipients who are not US tax residents, the Exercise Price is set at INR 418/- per option, reflecting a 19.84% discount...

One 97 Communications Appoints New Independent Directors, Updates Senior Management TeamOne 97 Communications Limited announced significant strengthening moves within its corporate governance and management structure following a Board meeting held on July 3, 2026. The company welcomed two new Non-Executive Independent Directors (IDs) while managing the transition of existing roles and designating several senior executives as additional Senior Management Personnel (SMP).The appointments reflect the company's pursuit of continued growth and higher profitability.New Independent Board Members Appointed Two industry veterans were appointed to the Board, effective July 5, 2026, for a term of three consecutive years. The appointments...

GenXAI Analytics Approves Financial Results and Appoints New Internal Auditor GenXAI Analytics Limited, formerly known as GenXAI Analytics Private Limited, announced key decisions made during its Board of Directors meeting held on July 3, 2026. The company approved the financial results for the half year and the full year ending March 31, 2026, and formally appointed a new internal auditor for the upcoming fiscal year.The board considered and sanctioned the Standalone and Consolidated Audited Financial Results for the period ending March 31, 2026. This approval includes the Statement of Assets and Liabilities, the Cash Flow Statement for both periods, alongside the relevant Auditor's Report. Furthermore, the company confirmed an...

Senior Management Change at Zydus Wellness as Lalit Ahuja Resigns Zydus Wellness Limited has announced a change in its senior management structure with the resignation of Mr. Lalit Ahuja, Head - Sales (India & ISC). Mr. Ahuja's departure was effective from close of business hours on July 3, 2026.Mr. Ahuja's decision to step down follows an extensive career period with the company, during which he contributed significantly to the organization's transformation over the past decade.The resignation is attributed to Mr. Ahuja pursuing other professional opportunities.Key details regarding the change in senior management are presented below:ParticularsDetailsReason for ChangeResignationDate of CessationJuly 3, 2026RoleHead...

Agarwal Toughened Glass India Completes Preferential Allotment of Equity Shares and Warrants Agarwal Toughened Glass India Limited, formerly known as Agarwal Toughened Glass India Private Limited, has announced the completion of a preferential allotment involving equity shares and warrants. The Board of Directors approved the allocation on July 3, 2026.The company allotted 1,651,866 equity shares to promoter and identified non-promoter persons and entities. These shares, which have a face value of Rs. 10/- each, were offered for cash at a price of Rs. 109/per Equity Share, including a share premium of Rs. 99/-. The aggregate amount received from the allotment of equity shares amounted to Rs. 18,00,53,394/-.Additionally, 4,590,000...

Onida Electronics Announces Key Leadership Transitions and Management Appointments Onida Electronics Limited, formerly MIRC Electronics Limited, announced several significant leadership changes and key appointments following its Board of Directors meeting held on July 3, 2026. The board approved multiple management structure modifications, welcomed new directors, and noted the resignation of a senior executive, among other operational updates.Key managerial changes include the appointment of Mr. Gunjan Srivastava as Chief Executive Officer and Additional & Managing Director, effective July 4, 2026. Mr. Srivastava has been serving as CEO since February 1, 2026, and will assume the combined role upon the change becoming effective.The...

Godrej Properties Penalized by CGRERA over Alleged Misuse of Brand in Project Advertisement<p>Godrej Properties Limited has received an order from the Chhattisgarh Real Estate Regulatory Authority (CGRERA), Raipur, imposing a penalty following alleged contraventions related to the advertisement of 'Project - Greenvale Estate.'</p><p>The company received the certified true copy of the Order dated June 08, 2026, on July 3, 2026. The CGRERA imposed a total penalty of Rs. 10,00,000 (Rupees Ten Lakh only) on Godrej Properties Limited under Section 3(1) read with Section 59 of the Real Estate (Regulation and Development) Act, 2016.</p><p>The action stemmed from an alleged contravention related to advertisements for 'Project - Greenvale...

SIS Limited Increases Stake in Updater Services Limited Through Treasury Management Acquisition SIS LIMITED has acquired an additional 1,96,289 equity shares of Updater Services Limited (UDS) as part of its ongoing treasury management operations. This latest acquisition brings the aggregate shareholding of SIS in UDS to 34,63,473 equity shares, which represents a 5.17% stake in the paid-up equity share capital of UDS.The transaction was completed on July 3, 2026. The acquisition represented a cash consideration amounting to INR 3.79 crore, and it accounted for 0.29% of the total shares acquired in this instance.SIS LIMITED confirmed that the acquisition does not constitute a related party transaction, and neither the promoter nor...

Davangere Sugar Company Approves $100 Million Foreign Currency Convertible Bond Issue Davangere Sugar Company Limited has approved a significant fundraising initiative, approving the issue of Unsecured Foreign Currency Convertible Bonds (FCCBs) with an aggregate principal amount of USD 100 million. The approval follows previous communications regarding the company's plans to raise capital through this international offering mechanism.The Board of Directors confirmed the details of the FCCBs, which will be issued comprising 1,000 bonds, each valued at USD 100,000. These bonds carry a coupon rate of 2% per annum and were set to be issued at a 15% discount to their principal amount, resulting in an aggregate issue price of US$85 million...

Yes Bank Reports Key Banking Metrics Including 90.5% Credit to Deposit Ratio and Strong Liquidity Coverage Yes Bank Limited has released its comprehensive set of banking metrics, covering Loans and Advances, Deposits, and key liquidity ratios across several reporting periods up to June 30, 2026. The reported data details the bank's operational performance regarding credit extension and funding base maturity.As per the financial metrics provided, Loans & Advances stood at INR 285,315 Crores as of June 30, 2026, showing a 4.3% quarter over quarter (QoQ) increase from INR 273,445 Crores recorded on March 31, 2026. The annual trend for Loans & Advances registered an 18.4% growth compared to the figure of 241,024 Crores reported on June...

Expleo Solutions Limited Announces Resignation of Key Managerial Personnel Saket Newaskar Expleo Solutions Limited has confirmed that Mr. Saket Newaskar, a member of its Key Managerial Personnel (KMP) and Senior Management Personnel (SMP), has resigned from the company. The resignation was tendered due to personal reasons.The company accepted Mr. Newaskar's resignation. He is effective immediately relieved from his duties, and the specific last working date will be communicated in due course. There were no other material factors contributing to the decision beyond those stated in his resignation letter.Mr. Saket Newaskar’s tenure and the specifics of the transition are as follows:AspectDetailsPersonnelMr. Saket Newaskar...

Everest Industries Withdraws CAPEX Plan for Andhra Pradesh Manufacturing Facility Everest Steel Building Private Limited (ESBPL), a wholly owned subsidiary of Everest Industries Limited, has decided to withdraw its capital expenditure plan for a proposed manufacturing facility in Andhra Pradesh. The decision follows a re-assessment of the feasibility of the project based on business considerations.The withdrawal pertains to the planned setup of a new manufacturing facility for Pre Engineered Steel Buildings (PEB) at R. Ananthpuram, Andhra Pradesh. Originally, ESBPL had targeted a CAPEX of Rs. 125 Crores for the establishment of this facility.Prior to the decision to withdraw, ESBPL had invested Rs. 2.91 crores towards securing land...

Inventurus Knowledge Solutions Completes Key Agreements for Financing Facilities Related to Acquisition Inventurus Knowledge Solutions Limited has announced the execution of several agreements regarding financing facilities extended to its wholly-owned subsidiary, IKS Inc., which is involved in a strategic acquisition. The deals follow previous communications concerning the proposed acquisition of TruBridge, Inc. (the Target) by IKS Inc.The executed documents include a Facilities Agreement dated July 3, 2026. This agreement outlines the structure and parties involved in providing the necessary financing to IKS Inc.According to the documentation, the key participants in the facilities transaction include:RoleEntities Involved...

Clean Max Enviro Energy Solutions Limited Announces Sale of Major Stakes in Three SubsidiariesClean Max Enviro Energy Solutions Limited has approved the sale of substantial stakes in three of its wholly-owned subsidiaries: Clean Max Ichi Private Limited, Clean Max Dool Private Limited, and Clean Max San Private Limited. The company executed the sales following a Board meeting held on July 3, 2026.The divestment involves multiple partners. For Clean Max Ichi Private Limited, the Company is selling 2,600 shares, representing 26% of its total paid up share capital. The buyers for this stake include Schneider Electric India Private Limited, Schneider Electric Presidents Systems Limited, and Schneider Electric IT Business India Private...

Acetech E-Commerce Acquires Zentaro and Phoenix Wear Brands for USD 2.075 Million, Targets Global D2C Expansion Acetech E-Commerce Limited has acquired the assets of two specialized apparel brands, "Zentaro" and "Phoenix Wear," through a definitive asset purchase agreement. The acquisition focuses on gaining 100% proprietary ownership of the e-commerce business, digital assets, and associated intellectual property rights for both fashion and specialty men's apparel.The total consideration paid for the businesses, which operate via Shopify platforms, was USD 2,075,000 (United States Dollars Two Million Seventy-Five Thousand Only). The acquisition aligns with Acetech E-Commerce Limited’s strategic objective of expanding into high-margin...

Adani Copper Secures LME Approval: Global Smelter Brand Set for Launch Amid India’s Resource Push Strategic Significance of LME Certification for Adani Copper The London Metal Exchange (LME) has officially approved the Adani Copper brand, marking a pivotal moment for Kutch Copper. This approval allows Adani to deliver against its copper contracts, significantly bolstering the company's position in global commodity markets. Warrants for the newly recognized brand are scheduled to be issued starting July 10.The LME stipulated that all registered warehouses holding Adani Copper metal must immediately include this brand in their off-warrant stock reports. This formal recognition by a premier international exchange validates the quality...