Markets

RBI Imposes Monetary Penalty on Bank of India Over Note Remittance Violations Bank of India has faced a monetary penalty imposed by the Reserve Bank of India (RBI) concerning issues identified during the soiled note remittances from the Nagpur Currency Chest. The total fine levied against the bank stands at Rs. 4,27,600/-.The penalty was issued in relation to the detection of mutilated, counterfeit, and shortages of notes within the remittance process. Bank of India confirmed the details of the action taken by the RBI and provided insights into the impact of the penalty on its operations.Details regarding the disciplinary action include:Nature of ActionDetailsRegulatory AuthorityReserve Bank of India (RBI)Monetary...

Swiggy Limited addresses FSSAI observations and receives modified license for 'Toing' platform Swiggy Limited has successfully resolved matters concerning its food ordering and delivery platform, 'Toing,' after addressing observations raised by the Food Safety and Standards Authority of India (FSSAI).The Company received an order from the FSSAI on July 6, 2026. The matter revolved around certain observations regarding the updation of license particulars for the 'Toing' platform. The source material clarified that the issue did not involve any food safety concerns.Swiggy Limited responded by addressing all the observations outlined in the order. As a result of these actions, the Company received its modified FSSAI licence on July 9...

Alembic Pharmaceuticals Sets Record Date for Dividend Entitlement on Equity Shares Alembic Pharmaceuticals Limited has announced the details regarding the dividend payment for its equity shares, fixing a specific record date and outlining the subsequent approval process.The company set Wednesday, July 29, 2026, as the Record Date to determine members' entitlement to receive dividends for the financial year ended March 31, 2026.The payment of this dividend is scheduled to be made on or from Thursday, August 6, 2026. This payment date is contingent upon the dividend being approved during the Annual General Meeting (AGM), which is set for August 5, 2026.APLLTD Stock Price Movement Today, Alembic Pharmaceuticals Limited shares edged...

Mahindra & Mahindra Financial Services Ltd Receives Credit Ratings from CARE Ratings Limited Mahindra & Mahindra Financial Services Ltd has received credit ratings from CARE Ratings Limited, as announced through a press release published on July 9, 2026.The rating information was released by CARE Ratings Limited in the late evening of July 9, 2026 (IST). The details provided by CARE Ratings Limited include specific information regarding the ISINs that were rated, along with the rationale behind the ratings and other related particulars.Stock Price Movement Mahindra & Mahindra Financial Services Ltd shares settled at ₹340.85 today, edging higher after climbing 1.22%. The stock spent the trading session swinging within an intraday...

Esha Media Research Announces Management Transition and Pivot to AI-Native Reputation Intelligence Platform Esha Media Research Limited, a long-standing player in India's media monitoring sector, announced the completion of its management transition and unveiled plans to redefine itself as an end-to-end media and reputation intelligence platform powered by AI. The company, which has served corporates and institutions for nearly three decades, is making a strategic pivot from traditional broadcast monitoring into a multi-faceted intelligence provider across all media channels.The founding team of Esha Media Research transitioned from operational executive roles to advisory positions, ensuring continuity of domain expertise and client...

Haldyn Associate Company Acquires 1.39% Stake in Renewables Target for Power Procurement Haldyn Heinz Fine Glass Private Limited, an Associate Company of Haldyn Glass Limited, has entered into a Share Purchase and Shareholder's Agreement with Jamnagar Renewables Two Private Limited and Continuum Green Energy Limited. Through this agreement, the company acquired a 1.39% stake in Jamnagar Renewables Two Private Limited.Jamnagar Renewables Two Private Limited is a company specializing in the generation of electricity from renewable energy sources, falling within the Power Sector. The acquisition by Haldyn Heinz Fine Glass Private Limited is aimed at the procurement of Renewable Power under a Captive generation scheme.The target entity...

Anand Rathi Allocates Rs 5 Crore in Secured NCDs via Private PlacementAnand Rathi Share and Stock Brokers Limited announced the allotment of Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) worth up to Rs 5 crore through a private placement basis. The issuance concluded on July 10, 2026.The company allotted a total of 500 NCDs, each carrying a face value of Rs 1,00,000/- (Rupees One Lakh Only). This tranche of debentures aggregates to a maximum size of Rs 5,00,00,000/- (Rupees Five Crores Only).The terms and conditions for the issuance, which was structured as a private placement, detail a tenure of 1 Year 10 days. The debentures have an allotment date of July 10, 2026, with a maturity date set for July 20...

Jindal Saw Limited to Host Q1FY27 Results Conference Call on July 15 Jindal Saw Limited has scheduled a conference call session to discuss its Q1FY27 results. The event is being organized by ICICI Securities Limited and is intended for analysts and investors.The conference call is set for Wednesday, July 15, 2026, at 16:00 hrs (India Time).Representing Jindal Saw Limited during the discussion will be a senior leadership team including Mr. Narendra Mantri, Chief Operating and Financial Officer; Mr. Vinay Kumar, President and Head Treasury; and Mr. Rajeev Goyal, Sr. Vice President, Corporate Finance.The purpose of the session is to review the company's performance for Q1FY27 based on publicly available information. Management...

DGCA Raises Concerns Over Cargo Spillage and SOP Deviations at InterGlobe Aviation Limited InterGlobe Aviation Limited has been notified by the Directorate General of Civil Aviation (DGCA) regarding an incident involving cargo spillage detected on the ground post-arrival of a flight. The communication, received on July 8, 2026, relates to audit findings concerning deviations from standard operations procedures (SOPs) under the Aircraft (Carriage of Dangerous Goods) Rules, 2026.The DGCA addressed the spillage incident, which was initially reported in January 2026. The communication outlines material concerns regarding the proper handling of cargo during flight arrivals.Despite the nature of the findings, InterGlobe Aviation Limited...

Cybersecurity Leader 63SATS Boosts Q1 Order Book to ₹288 Crore, Shifts Focus from Demand Capture to Delivery63moons technologies limited, through its subsidiary 63SATS Cybertech Ltd., reported strong initial performance for the first quarter of Fiscal Year (FY) 2026-27. The company announced a committed order book of ₹ 288 crore in Q1 FY27, achieving approximately 82% of its full-year target. This milestone represents a significant acceleration compared to previous years, with the current quarterly order intake being roughly 3.3 times the entire revenue recorded in FY26 (₹ 87 crore).The company's leadership noted that this achievement fundamentally de-risks the FY27 plan and signifies that demand is no longer the primary concern...

Menon Bearings Ltd. Announces 35th Annual General Meeting and Confirms Director Appointments Menon Bearings Limited has scheduled its 35th Annual General Meeting (AGM) for Thursday, August 6, 2026, to review financial performance, approve management decisions, and address key directorial appointments. The AGM will be held via Video Conferencing or other Audio Visual Means, allowing members to participate remotely.The meeting is set to transact several ordinary business items, including the adoption of both the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026. Members will also take note of an interim dividend of Rs. 2/- (or 200%) per Equity Share...

Oriental Rail Infrastructure Secures Order Worth Rs 1.62 Crore from Indian Railways Oriental Rail Infrastructure Ltd has secured a contract worth Rs 1,62,48,600.00 from Integral Coach Factory (ICF), Chennai, Indian Railways. The order involves the manufacturing, supply, and installation of specialized coach seating units for the railway operator.The contract confirms that Oriental Rail Infrastructure will be responsible for the manufacture, supply, and installation of 15 sets of 'one coach set of seats for Second AC Chair Car Coaches.' This domestic order was awarded by a domestic entity.A key component of the agreement involves the payment structure and execution timeline. The delivery is stipulated to ICF, and the payment terms...

Indo Us Bio-Tech Ltd Reconstitutes Board Committees Following Director Change Indo Us Bio-Tech Ltd announced changes in the composition of its various board committees following a meeting held on July 10, 2026. The move was necessitated by a senior director's resignation and the subsequent appointment of a new independent director.The company's Board of Directors approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee during the meeting. These changes are effective as of July 10, 2026.The necessity for committee changes arose from the resignation of Mrs. Nehaben Patel, who served as a Non-Executive Independent Director of the company. Following this...

Influx Healthtech Guides 25-30% Topline Growth Amid Capacity Expansion and Segmental Strength India, July 10, 2026: Influx Healthtech Limited, an innovation-driven CDMO, released a business update for the quarter ended June 30, 2026 (Q1FY27), highlighting strong operational improvements and significant capacity expansion plans as it aims to drive stakeholder value.The company reported healthy growth across all business verticals, driven by a favorable business mix and improved operating efficiencies, which led to stronger profitability and margin expansion. Enhanced working capital efficiency was also noted through better receivables and inventory management, supported by strong client retention reflecting long-term relationships and...

JSW Infrastructure Incorporates Wholly Owned Subsidiary for Port Concession JSW Infrastructure Limited has incorporated a new subsidiary, JSW Kolkata Outer Harbour Container Terminal Private Limited, to manage a significant port development project in India. The incorporation occurred on July 10, 2026.The new entity is positioned as a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL) and operates within the infrastructure sector, specifically in the Port Related Industry.JSW Kolkata Outer Harbour was established to enter into a concession agreement related to the Integrated Development of Outer Container Terminal & Berth no. 1 through 5 at Netaji Subhash Dock, Kolkata Dock System. This development is being undertaken on...

Alembic Ltd.'s Business Responsibility Report Highlights Operational Sustainability in Real Estate and API Manufacturing Alembic Limited, operating across both real estate development and API manufacturing, released its Business Responsibility & Sustainability Report for the financial year ended March 31, 2026. The report details the company’s operational scope, workforce management, environmental performance, and commitments to responsible business conduct.Company Operations and Workforce Profile Alembic Limited maintains a registered office at Alembic Road, Vadodara, serving both national and international markets. The entity operates three plants and two offices nationally.The company's primary business activities contributing to...

Acquirers Launch Open Offer for SJ Corporation Ltd., Aiming for 26% Stake at ₹12.00 per Share A collective of four individuals has initiated a mandatory open offer aimed at acquiring a significant stake in SJ Corporation Limited. The public offering is set with an offer price of ₹12.00/- per share, targeting up to 1,12,72,300 Equity Shares, which represent 26.00% of the Expanded Voting Share Capital of the company.The Acquirers—Mr. Pintu Kanjibhai Kalavadia (Acquirer 1), Mr. Prashant Kanjibhai Kalavadia (Acquirer 2), Mr. Umang Kantilal Savani (Acquirer 3), and Mr. Kalpesh Patel (Acquirer 4)—are undertaking the acquisition through this open offer, which is described as a triggered mandatory open offer pursuant to their agreements for...

Silver Touch Breakthrough: Secures Deal with RITES to Build India's Advanced AI Platform for Infrastructure Appraisal Silver Touch Technologies Ltd has secured a major contract from RITES Ltd, expanding its footprint into high-stakes government digital transformation projects. The order involves the development of PARAKH (Detailed Project Report Appraisal & Intelligence Platform), an advanced AI platform designed to revolutionize infrastructure project evaluation within India’s public sector.This strategic win positions Silver Touch beyond traditional IT service provision and firmly into specialized AI-native enterprise solutions. By partnering with RITES, a Navratna public sector enterprise under the Ministry of Railways, the company...

Blue Dart Appoints Charles Simon Dobbie as Additional Director; Florian Ulrich Bumberger Resigns Blue Dart Express Ltd has seen changes in its Board of Directors, announcing the appointment of Mr. Charles Simon Dobbie as an Additional Director and confirming the resignation of Mr. Florian Ulrich Bumberger from the Board. The appointments and changes took effect on July 10, 2026.The company appointed Mr. Charles Simon Dobbie (DIN: 10302056) as an Additional Director (Non-Executive, Non-Independent) of the Company. The appointment was made by the Board of Directors following a Circular Resolution on July 10, 2026, and is subject to approval by the Members at the ensuing Annual General Meeting.Mr. Dobbie brings extensive experience in...

EU Demands Immediate Design Overhaul: Facebook and Instagram Must Disable 'Addictive' Features or Face Massive Fine The European Union has escalated its regulatory scrutiny against Meta Platforms, demanding that the company fundamentally alter the design of Facebook and Instagram. The bloc accused Meta of violating digital social media laws by deliberately engineering platforms that are highly addictive to users. This move comes under the strict mandates of the Digital Services Act, which holds tech giants accountable for user safety and mental health protection.How the EU Accuses Meta of Designing Addictive Platforms The European Commission's preliminary findings state that Meta failed to sufficiently assess the risks its design...