Markets

UTI Launches Nifty India Internet ETF: A Structured Bet on Digital Economy’s High-Growth Trajectory UTI Mutual Fund has introduced the UTI Nifty India Internet Exchange Traded Fund, a new product designed for investors seeking returns aligned with the rapidly evolving Indian digital economy. This fund is an open-ended scheme structured to replicate and track the performance of the Nifty India Internet Total Return Index (TRI). The launch targets investors interested in pure exposure to companies that operate heavily through online platforms.The ETF offers a clear investment objective: providing pre-expense returns corresponding to the total return of the underlying index, subject to tracking error. This fund operates under strict...

Mercantile Ventures Ltd Announces Quarterly Financial Results and Re-appoints Whole-time Director Mercantile Ventures Limited released its Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, following a Board meeting held on August 14, 2026. The company also announced the re-appointment of Mr. E N Rangaswami as Whole-time Director.During the Board meeting, directors reviewed and approved the quarterly financial results. Additionally, the company set the date for its next general assembly.Key decisions from the board meeting included:Re-appointment of Mr. E N Rangaswami (DIN: 06463753) as Whole-time Director (WTD) for a three-year period, effective December 05, 2026, until December 04...

Salona Cotspin Limited issues Corrigendum clarifying Record Date for Annual General MeetingSalona Cotspin Limited has clarified an error regarding the Record Date mentioned in its previous announcement related to the 32nd Annual General Meeting. The company issued a corrigendum setting the correct date to ensure all stakeholders are accurately informed.The announcement concerned the scheduling of the 32nd Annual General Meeting. A clerical error was noted in the prior intimation, where the Record Date had been stated as September 17, 2026.Salona Cotspin Limited confirmed that the correct Record Date for the event is September 16, 2026. The company requested that the reference to September 17, 2026 in the original outcome be...

Borosil Renewables Allots Over 53 Lakh Equity Shares Following Warrant Conversion Borosil Renewables Limited has approved the allotment of 53,38,840 fully paid-up equity shares following the conversion of warrants. The Management Committee authorized this action during a meeting held on August 14, 2026, recognizing warrant holders who applied for conversion.The company previously reported the allotment of 78,80,436 Warrants, convertible into or exchangeable for one equity share at an issue price of Rs. 530/ per warrant. The warrants were issued on a preferential basis to individuals belonging to the non-promoter category. Warrant holders had initially paid 25% (Rs. 132.50/-) of the issue price upon allotment, with the balance 75% (Rs...

Breakthrough Launch: SEBI-Regulated UTI Nifty India Internet Index Fund Sets Sail, Targeting Digital Economy Growth Mumbai: UTI Mutual Fund has announced the launch of its new product, the UTI Nifty India Internet Index Fund. This investment vehicle is designed as a passive instrument, meticulously replicating and tracking the performance of the Nifty India Internet Total Return Index (TRI). The fund's debut signals a focused commitment to capturing the immense growth potential within India's thriving digital economy.This open-ended scheme adheres strictly to SEBI (Mutual Funds) Regulations, 2026. Its primary objective is to provide returns that correspond directly to the total return of securities represented by the underlying index...

Gyftr Ltd signs Service Agreement with Punjab National Bank for Gift Voucher sales Gyftr Ltd, formerly LKP Finance Limited, has entered into a Service Agreement dated August 14, 2026, with Punjab National Bank (PNB). The agreement covers customer engagement and the reselling of gift vouchers and coupons through a specialized platform.The Service Agreement outlines that Gyftr will develop and manage a dedicated microsite intended for PNB Credit Card holders. This site will enable cardholders to purchase Gift Vouchers and Coupons at specified discounts. The services provided under the contract include the development, deployment, and ongoing management of the microsite, along with supplying payment gateway functionality and necessary...

Krishna Defence Expands Portfolio with Smart Ammunition Stake, New Composite Facility, and AUV Startup Krishna Defence and Allied Industries Limited (KDAIL) has announced significant strategic expansions across its defence and marine sectors, including acquiring a stake in a smart ammunition developer, forming a subsidiary for composite manufacturing, and establishing capabilities in Autonomous Underwater Vehicles (AUVs).The company also released its financial highlights for the quarter ended June 30, 2026, reporting robust margins despite operational shifts. KDAIL continues to emphasize indigenous technology development and import substitution within the defence ecosystem, supporting India's 'Make in India' initiative.Key Business...

Bio Medica Laboratories Announces Change in Key Managerial Personnel Following Board MeetingBio Medica Laboratories Limited has seen a change in its key managerial personnel structure following a meeting of its Board of Directors held on August 14, 2026. The company announced the resignation of Ms. Pratiksha Bhandari from the position of Company Secretary and Compliance Officer, and subsequently confirmed the appointment of Ms. Khushi Gupta to fill the role.Ms. Pratiksha Bhandari resigned as the Company Secretary and Compliance Officer and Key Managerial Personnel. Her resignation was accepted by the Board after she tendered her resignation due to personal reasons and other professional commitments. The cessation of her duties...

Bosch Ltd Achieves Higher ESG Scores from Crisil in Auto Components Sector Bosch Limited has seen an improvement in its Environmental, Social, and Governance (ESG) performance ratings as assessed by Crisil ESG Ratings & Analytics Ltd. The company received enhanced scores for both its general ESG score and Core ESG score, earning a 'Leader' category status within the auto components industry sector.The rating was issued by Crisil ESG Ratings & Analytics Ltd., a SEBI-registered ESG Rating Provider, based on data available from Fiscal Year 2025-26. Bosch Limited achieved this improved rating on August 13, 2026, for its position in the Auto components and Equipments category.The results indicate an upward trend in the company's...

New Fund Alert: Motilal Oswal Launches High-Risk Index Targeting 70% Midcap Equity and Government Securities Motilal Oswal Mutual Fund (MOMF) has unveiled a new passive investment vehicle, the Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index Fund. This fund is designed to replicate the performance of its specific index while adhering to strict asset allocation rules and managing inherent tracking risks.The scheme offers investors a long-term capital growth objective by linking returns directly to the Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index. It serves as an opportunity for risk-aware investors seeking exposure to both volatile midcap stocks and government securities in a single mandate.Hybrid Asset Allocation...

KMC Speciality Hospitals Reports Q1 Financial Results for Quarter Ended June 30, 2026 KMC Speciality Hospitals (India) Limited released its unaudited financial results for the quarter ended June 30, 2026. The results were reviewed and approved by the Board of Directors at a meeting held on August 14, 2026.The company operates solely within the single segment of Medical and Healthcare Services. The statutory auditors have issued an unmodified review report for the quarter.Quarterly Financial Highlights (Rs. in Lakhs) The unaudited financial statement results show the following key figures for KMC Speciality Hospitals, comparing the current quarter (June 30, 2026) against Q1 of the previous year and corresponding annual results...

Danlaw Technologies Reports Q3 Financial Results, Announces AGM Details and Auditor Appointments Danlaw Technologies India Ltd., a company certified with ISO 9001:2015 and IATF 16949:2016 certification, has announced the outcomes of its Board meeting held on Friday, August 14, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, alongside the Limited Review Report issued by statutory auditors.The company also detailed decisions regarding corporate governance and announced the schedule for its upcoming Annual General Meeting (AGM).Financial Performance Update The Board reviewed the performance of Danlaw Technologies in the third quarter of fiscal year 2026. The results reflect both unaudited...

Shri V. Kashiho Sangtam Appointed as Non-Official Director on CONCOR BoardContainer Corporation of India Limited (CONCOR), a Navratna CPSE of the Government of India, has appointed Shri V. Kashiho Sangtam as a non-official Director on its Board. This appointment was finalized following an order issued by the Ministry of Railways (MOR).The Ministry communicated that the President is pleased to appoint Shri V. Kashiho Sangtam to the position, effective immediately or until further orders are issued, whichever occurs earlier.This strategic addition strengthens the governance structure of CONCOR, a multi-modal logistics company and Navratna CPSE of the Government of India. The appointment tenure for Shri V. Kashiho Sangtam is set for...

Lerthai Finance Limited Announces 47th Annual General Meeting Date and Key Timelines Lerthai Finance Limited, formerly known as Marathwada Refractories Limited, has set the date for its upcoming 47th Annual General Meeting (AGM). The meeting is scheduled to take place in September 2026.The company announced that the 47th AGM will be held on Thursday, September 3, 2026, at 11:30 a.m. IST. The meeting will be conducted through Video Conferencing or other Audio Visual Means (VC).In preparation for the general meeting, Lerthai Finance Limited confirmed the period during which its Member's Register and Share Transfer Books will be closed. The books of the company will remain closed from August 28, 2026, to September 3, 2026, inclusive...

Behari Lal Engineering IPO Explodes: Retail Demand Pushes Subscription Past 15x as GMP Reaches Rs 80 The initial public offering (IPO) of Behari Lal Engineering, a prominent iron and steel manufacturer based in Punjab, saw massive investor enthusiasm on its final day of bidding. The issue was reported to be subscribed over 15 times as of 10:45 am on August 14, indicating robust appetite from the capital markets.The IPO successfully mobilized significant interest across all investor categories. Against an offer of 74,12,769 shares, the company received bids for 11,12,08,292 shares in total. The Non-Institutional Investor (NII) category saw a strong subscription of 29.26 times.Retail investors also demonstrated overwhelming support...

Arham Technologies Reports Robust Q1 FY27 Results as Revenue Jumps Over 120% YoY Arham Technologies Limited, a leading consumer electronics brand operating under STARSHINE, has reported significant growth for the first quarter of Fiscal Year 2027. The company achieved a substantial increase in revenue, reflecting strong market traction across its core product portfolio and an expanding distribution network.The company announced Q1 FY27 revenue of ₹40.40 crore, marking a sharp rise compared to the ₹18.20 crore reported in Q1 FY26. This represents a year-on-year increase of approximately 122%. The growth was driven by healthy performance across product categories, including Air Coolers, Fans, and Televisions.MetricQ1 FY27Q1 FY26YoY...

Sammaan Capital Shares Plunge as Q1 Profit Declines 27% Amid Revenue Slip Shares of Sammaan Capital fell nearly 4% on the NSE after the company released its first-quarter results for FY27. The stock hit the day’s low at Rs 155 following a substantial decline in consolidated profit.The Q1 report showed that the company's consolidated profit dropped by 27%, settling at ₹243 crore. This figure is significantly lower compared to the ₹334 crore reported during the same period last year.Financial Performance and Operational Metrics For the quarter ended June, total revenue from operations stood at ₹1,651 crore. This represents a sharp decline when compared to the ₹2,409 crore generated in Q1 of FY26. Total income was reported at ₹1,682...

Zetwerk Files IPO Papers with SEBI, Vows to Raise ₹2,600 Cr as Manufacturing Business Surges Tech-led manufacturing platform Zetwerk Manufacturing Business Ltd has intensified its road to an Initial Public Offering (IPO). The company has officially filed updated papers with the market regulator Sebi, detailing plans to raise Rs 2,600 crore through a fresh issue of shares. This move comes after filing preliminary IPO documentation via the confidential pre-filing route back in March.The comprehensive IPO structure includes the fresh equity offer alongside an Offer for Sale (OFS). The OFS component allows promoters and existing shareholders to offload up to 9.68 crore shares. Key selling shareholders noted in the updated draft red...

AJC Jewel Manufacturers Ltd. Reports Blockbuster Q1 FY27, Total Income Surges 124.69% YoY to ₹101.38 Crore Malappuram, Kerala – AJC Jewel Manufacturers Ltd., an integrated B2B jewellery manufacturing and technology platform, announced its unaudited consolidated financial results for the quarter ending June 30, 2026. The company reported a strong commencement to FY27, driven by expanded customer base, increased adoption of technology-enabled manufacturing, product diversification, and growth in its domestic and international platforms.The unaudited figures demonstrate significant growth across all key parameters compared to the first quarter of FY26.ParticularsQ1FY27 (Rs. in Crores)Q1FY26 (Rs. in Crores)YoY ComparisonTotal...

China and Hong Kong Stocks Plunge Amid Liquidity Fears as Unitree IPO Drains Market Confidence Global equities faced a difficult session on Friday, with Chinese and Hong Kong stock markets experiencing declines. Investor sentiment remains cautious as market participants grapple with tightening liquidity conditions, lingering uncertainty around corporate earnings, and significant pressures in the property sector. The high-profile Initial Public Offering (IPO) of robot maker Unitree has been cited as a key factor contributing to the perceived drain on available capital across the broader market.Index Performance and Broad Market Trends The CSI300 blue-chip index saw a slight slip, declining 0.1% by lunchtime. The Shanghai Composite...