Markets

Electronics Mart India Limited Commences Operations of New Multi Brand Store in Andhra PradeshElectronics Mart India Limited has initiated commercial operations for a new multi brand store, branded as 'BAJAJ ELECTRONICS'. The commencement of operations took place on July 10, 2026.The launch marks the expansion activity for the company into Andhra Pradesh. The new establishment operates under the ‘BAJAJ ELECTRONICS’ name and is located in Kakinada.Key details regarding the new store are as follows:DetailSpecificationBrand NameBAJAJ ELECTRONICSArea6,500 Square FeetLocation Address21-1-104, Survey Nos. 2/10/478 & 2/10/478/1A, Rajahmundry Road, Peddapuram, Kakinada, Andhra Pradesh - 533437Electronics Mart India...

Power Grid Declared Successful Bidder for Major Inter-State Transmission Project Power Grid Corporation of India Limited has been declared the successful bidder in a Tariff Based Competitive Bidding process. The company secured this status to establish an Inter-State Transmission System for the 'Transmission System for integration of Krishnagiri REZ Phase-I'.POWERGRID received the Letter of Intent (LoI) concerning the project on July 10, 2026. This undertaking is based on a Build, Own, Operate and Transfer (BOOT) model.The project involves several key infrastructure components across three states. As part of the transmission system establishment, Power Grid will be involved in setting up two new 765/400kV substations located in...

Bitcoin Tests Critical $50K-$67K Zone: Can a New Long-Term Bottom Rally the Market? Bitcoin's latest price correction has reignited debate among investors, who are assessing whether the world’s leading cryptocurrency is entering another prolonged long-term bottoming zone. This sustained period of price consolidation typically follows major bear market cycles. Current prices hover between $50,000 and $67,000, coinciding with structural setups witnessed during previous crypto booms.Understanding Bitcoin's Bottoming Zones Traders widely utilize a cryptocurrency’s bottoming zone to identify potential support levels, pinpoint buying opportunities, manage risk effectively, and anticipate trend reversals. Harish G. Vatnani, Head of Trade at...

Company Completes Committee Restructuring Following Key Director Changes The Board of Directors of Indo Us Bio-Tech Ltd has approved the reconstitution of several key committees, effective July 10, 2026. This restructuring follows changes in the company's directorial composition.A meeting of the Board focused on finalizing the membership and roles within the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.Updated Committee Memberships The composition of the committees is as follows:Audit CommitteeSR.NO.NAMEDESIGNATION1.Ritaben Nileshbhai KikaniChairperson2.Shilpa Chetanbhai ThumarMember3.Jagdishkumar Devjibhai AjudiyaMember4.Hemanshi Darsh SoniMember...

Happy Steels IPO Roars Through Markets, Fully Subscribed at 2.4 Times Amid Strong Retail Demand Surge Punjab-based automotive components manufacturer Happy Steels has garnered substantial investor interest for its maiden public issue (IPO). The offer achieved full subscription on Day 2 of bidding, signaling strong market confidence in the company's trajectory and operational stability.The IPO was designed to raise Rs 25 crore through the issuance of 37.88 lakh shares, all being a fresh issue component. Investors demonstrated robust demand for the allotment opportunity.Subscription Highlights Across Investor Categories Total bids placed for the IPO reached 65.02 lakh shares over the initial two days against the total offer size of...

Z-Tech Increases Capital Through Preferential Allotment of Equity Shares Against Warrant Conversion Z-Tech (India) Limited has reported a significant increase in its paid-up equity share capital following the allotment of 2,05,000 equity shares. This allotment was made to individuals belonging to the Non-Promoter Group Category upon the conversion of equivalent numbers of warrants.The Board Meeting held on July 10, 2026, reviewed and approved the allotment at an issue price of Rs 500 per share, which includes a premium of Rs 490 per share. The shares were allotted against the conversion of company warrants. Z-Tech confirmed that the transaction was completed upon receipt of the balance consideration, totaling Rs 7,68,75,000/- (Seven...

Silver ETFs Snap Four-Month Outflow Streak with Massive Inflows as Safe-Haven Demand Surges Silver exchange-traded funds (ETFs) recorded their highest ever monthly inflows in June, successfully ending a four-month period of net outflows. The category attracted substantial net investments totaling Rs 4,286 crore, according to data released by the Association of Mutual Funds in India (AMFI). This sharp turnaround indicates investors returned strong confidence in silver ETFs following recent price corrections.Silver ETFs Record Highest Monthly Inflows, Ending Outflow Streak The shift marks a significant psychological victory for the category, which had seen continuous redemptions over the past four months. Despite this record inflow...

Esquire Money Guarantees Ltd. Announces CFO Appointment and Resignation Esquire Money Guarantees Limited has announced significant changes in its senior management following a board meeting held on July 10, 2026. The company confirmed the appointment of Mr. Manoj Chander Pandey as Chief Financial Officer (CFO), alongside taking note of the resignation of Mr. Peeyush Sethia from the CFO post.The Board meeting addressed key personnel matters pertaining to the financial leadership of Esquire Money Guarantees Limited, effective July 10, 2026.Appointment of New CFO Mr. Manoj Chander Pandey has been appointed as the new Chief Financial Officer (CFO) of Esquire Money Guarantees Limited. The appointment comes after consideration of his...

Government Launches Major Overhaul of Andhra Pradesh FCV Tobacco Market to Boost Global Competitiveness Ensuring Grower Welfare and Market Stability A high-level review meeting was conducted by senior officials from the Ministry of Commerce & Industry regarding the ongoing Andhra Pradesh Flue Cured Virginia (FCV) Tobacco Marketing Season 2025–26. Led by Additional Secretary, Department of Commerce Shri Nitin Kumar Yadav, IAS, the initiative underscores the government's deep commitment to safeguarding the interests of local tobacco growers.The meeting convened in Hyderabad and brought together all critical stakeholders in the industry, including tobacco growers, manufacturers, exporters, dealers, trade associations, and the Tobacco...

Maruti Suzuki Recommends Final Dividend of Rs 140 Per Share for FY2025-26; Provides TDS Guidelines Maruti Suzuki India Limited (MSIL) has announced a final dividend recommendation of Rs. 140 per equity share, following its Board meeting held on April 28, 2026. This payment is designated for the financial year ended March 31, 2026. The dividend will be disbursed to members whose names are registered as of the close of business hours on Friday, August 7, 2026.The company provided comprehensive guidance regarding Tax Deducted at Source (TDS) applicable on the declared dividend under current tax regulations.Dividend and TDS Provisions Overview MSIL detailed specific guidelines for all members concerning TDS obligations. The provisions...

Shreenath Paper Products Ltd acquires 50% stake in Shreenath Paper Industries, establishing an AssociateShreenath Paper Products Limited has established a strategic association with Shreenath Paper Industries Private Limited by subscribing to 50% of its paid-up equity share capital. Through this transaction, Shreenath Paper Industries has been incorporated as an associate company of the parent entity.The acquisition was completed in cash consideration at face value per equity share. The move expands the operational scope of Shreenath Paper Products Limited through the newly established enterprise.Shreenath Paper Industries Private Limited operates within the manufacture of paper products. The venture is a newly incorporated...

Gold Coin Health Foods Ltd To Hold Board Meeting to Discuss Q1 2026 Results Gold Coin Health Foods Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the first quarter ending June 30, 2026.The Board meeting is set to be held on Thursday, July 16, 2026.Among the agenda items for the meeting is the consideration and approval of the Company's unaudited financial performance for the first quarter ended June 30, 2026. Additionally, the notice includes an item permitting any other business with the consent of the Chair.Stock Price Movement For the close today, Gold Coin Health Foods Ltd settled at ₹34.50 after shares tumbled 1.79%. The stock traded throughout the day within a...

GP Petroleums' Joint Venture Amron Oil Resources Selected as Operating Partner for IOCL's Pipavav Bitumen Cell Mumbai, July 10, 2026: GP Petroleums Limited (GPPL) has reached a significant milestone through its joint venture company, Amron Oil Resources Private Limited. The specialized entity, which is a 50:50 partnership between GP Petroleums Limited and West Coast Oils LLP and was established in 2004, specializes in manufacturing and supplying high-performance bitumen products that support India's expanding road and infrastructure sector.During the year, Amron Oil Resources was selected by Indian Oil Corporation Limited (IOCL) as the operating partner for its Bitumen Cell located at Pipavav, Gujarat. The dispatch of bulk bitumen...

VIDA EVooter VX2 Plus 4.4 kWh Secures Asia Book of Records After Launch VIDA, powered by Hero MotoCorp, has introduced the new long-range VIDA EVOOTER VX2 Plus 4.4 kWh, strengthening its electric lineup and achieving a historic milestone in the transportation sector. The variant secured a place in the Asia Book of Records for the 'Longest Journey by an Electric Scooter,' demonstrating exceptional endurance.The VIDA EVOOTER VX2 Plus 4.4 kWh is designed to accelerate the brand's vision of 'GHAR GHAR EVOOTER.' This long-range addition brings VIDA’s total offering to four distinct VX2 variants, catering to varied rider needs in India. Priced at INR 1,43,990 in New Delhi (effective ex-showroom price, less PMED subsidy and offers), the...

WEP Solutions Ltd Board Approves Key Director Appointments and Reappointments WEP Solutions Ltd announced significant changes to its board composition following a meeting held on July 10, 2026. The company approved the appointment of three new directors and re-appointed two existing members, strengthening its leadership in various capacities.The appointments included Dr. Gaurav Nigam as an Additional Director, along with Mr. Sanjeev Arora and Mr. Deepak Jain being appointed to the board as Independent Directors. Additionally, Mrs. Vandana Malaiya and Mrs. Shruti Agarwal were re-appointed as Independent Directors of the company.Dr. Gaurav Nigam was appointed as an Additional Director in the capacity of Whole-time Director designated...

Nifty, Sensex Rally on Earnings Boost: IT Stocks Lead as India Market Reclaims Key Technical Levels The Indian stock markets extended their recovery for the second consecutive session, driven by broad-based buying and strong performance from the Realty and banking sectors. Both the Sensex and Nifty saw gains of around 1 percent, solidifying the positive trend across the equity landscape on July 10.The rallying momentum was supported globally, allowing benchmark indices to push higher throughout the trading session. The Nifty 50 touched an intraday high of 24,228.45, while fundamental strength was provided by sharp gains in realty and metal stocks.Market Performance and Benchmark Gains At market close, the BSE Sensex closed at...

Ashoka Buildcon Reaches Settlement with NHAI; Proceedings Closed After Payment Ashoka Buildcon Limited has successfully reached a Settlement Agreement with the National Highways Authority of India (NHAI), concluding proceedings that stemmed from a Show Cause Notice issued by the authority.The settlement agreement confirms that no further action will be taken against Ashoka Buildcon in relation to the matter. As part of the resolution, NHAI agreed to withdraw the suspension of the company and confirmed that no debarment action would be initiated against Ashoka Buildcon Limited.To formalize the agreement, Ashoka Buildcon paid an amount of Rs.1.04 crore (Rupees One Crore Four Lakhs only). This payment was deposited with NHAI on July 9...

Gold ETFs Surge Back with ₹3,443 Crore Inflows as Investor Confidence Rebounds After May Outflows The data released by the Association of Mutual Funds in India (AMFI) reveals a strong comeback for Gold Exchange Traded Funds (ETFs). Following net outflows of ₹725 crore witnessed in May, Gold ETFs attracted fresh investments totaling ₹3,443 crore in June. This significant turnaround suggests that May's downturn was merely a temporary pause rather than the start of a sustained decline in investor sentiment toward gold.The recovery is particularly notable as investors continued directing substantial funds into equity mutual funds during the same period. This simultaneous commitment to both gold and equities indicates that many investors...

Indus Towers Limited Appoints Abhishek Maheshwari as Chief Financial Officer and Key Managerial Personnel Indus Towers Limited has appointed Mr. Abhishek Maheshwari as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The Board of Directors approved the appointment, effective from August 19, 2026.The company confirmed that from the date of his appointment, Mr. Abhishek Maheshwari will serve as one of the authorized officials responsible for determining the materiality of events or information and for making necessary disclosures to stock exchanges.Mr. Maheshwari is a seasoned finance leader bringing over 21 years of experience across various facets of finance, including strategic planning, budgeting, financial...

Hindustan Copper Jumps Nearly 3% as Geopolitical De-escalation Fuels Industrial Metal Rally Industrial Metals Surge as Geopolitical Tensions Ease Hindustan Copper shares rose sharply on July 10, closing trading 2.7% higher at Rs 499.5 apiece. The industrial metal gained significantly, placing it on track for its second straight weekly gain. This strong performance came despite concerns over potential demand headwinds stemming from the recent escalation of fighting in the Middle East.The stock’s resurgence mirrors a broader trend among risk assets as market participants digested news regarding ongoing diplomatic efforts between the US and Iran. These talks are aimed at finding a permanent resolution to the months-long conflict.Market...