Markets

BirlaNu Reports on FY2025-26 Operations, Highlighting Sustainable Sourcing and Resource Efficiency Initiatives BirlaNu Limited (formerly HIL Limited) has reported detailed operational and sustainability metrics for the financial year spanning April 1, 2025, to March 31, 2026. The company maintains a robust operational footprint across various construction materials sectors while committing to ambitious ESG goals, including focused efforts on resource management and employee well-being.The reported data underscores BirlaNu’s significant presence in the construction sector, with key business activities spanning Roofs (46.95% of turnover), Pipes and Construction Chemicals (27.72%), and Walls (25.12%). The company's operations include 30...

Knack Packaging Surges Over 10% as Bank of India Mutual Fund Acquires Stake in Newly-Listed Stock Shares of the packaging solutions provider, Knack Packaging, registered a significant jump on Friday, surging up to 10.54 percent in trade. The movement was fueled by institutional interest, specifically following the acquisition of a stake by the Bank of India Mutual Fund. Trading at Rs 215.23 on the National Stock Exchange (NSE), the stock reflected robust investor confidence two days after its market debut.Institutional Inflow Drives Knack Packaging Rally The domestic institutional purchase provided a strong catalyst for the company's ascent. The Bank of India Mutual Fund acquired 7 lakh shares of the flexible packaging manufacturer in...

Gold Correction Forces HSBC to Slash Near-Term Price Targets as Stronger Dollar Threatens Run-Up Gold's rapid correction has led HSBC to significantly lower its price forecasts for 2026 and 2027. The brokerage attributes this shift primarily to a stronger US dollar and evolving expectations regarding Federal Reserve policy, which present substantial headwinds despite the maintenance of a strong longer-term bull case for the precious metal.HSBC revised its average gold price forecast for 2026 down to $4,560 an ounce from the previous estimate of $4,864. Similarly, the 2027 estimate was trimmed to $4,925 from $5,000. However, the firm retained its forecasts for both 2028 and 2029, signaling that it views the current decline as a...

IVP Ltd granted permission to resume operations after Maharashtra Pollution Control Board revokes closure directions IVP Ltd has received communication from the Maharashtra Pollution Control Board (MPCB) confirming the revocation of previously issued closure directions concerning its manufacturing facility. The company has been permitted to recommence operations immediately, marking a significant operational update for the industrial unit.The MPCB communication, dated July 09, 2026, granted the revocation of the prior closure directions. With this official permission, IVP Ltd is now able to resume all activities at its manufacturing facility located in D-19/20, MIDC Area, Tarapur, Boisar, District Palghar, Maharashtra - 401 506.This...

Indian Bank Reports Strong Q1 FY27 Performance, Seeing Net Profit Rise 10.09%Indian Bank has reported a robust performance in the first quarter of Fiscal Year 2026-27, marked by significant growth in advances and deposits while simultaneously improving asset quality and operational efficiency. The bank saw its net profit increase by 10.09% year on year (YoY).The overall business expanded by 13.66%, with Gross Advances growing 13.89% to ₹684,623 Cr in June 2026 from ₹601,147 Cr in June 2025. Concurrently, Deposits increased by 13.47% and reached ₹844,578 Cr, driven by a strong Domestic CASA ratio of 39.73%, up from 38.97% the previous year.Net profit rose to ₹3,273 Cr in June 2026, compared to ₹2,973 Cr in June 2025.Key financial...

ICRA Reaffirms Credit Ratings for Can Fin Homes Ltd across Various Financial Instruments M/s. ICRA Limited has reaffirmed its credit ratings for Can Fin Homes Ltd, covering Long-Term and Short-Term Fund-based bank facilities, NCD programme, Subordinated debt programme, Commercial Paper, and Fixed Deposit. The rating letter was dated July 09, 2026.The reaffirmation covers a total rated amount of Rs 49,138.00 Crore across these instruments.The detailed breakdown of the reaffirmed ratings for Can Fin Homes Ltd is provided below:Rating AgencyInstrumentRated Amount (Rs. Crore)Rating ActionICRA LimitedFund-based bank facilities -Long Term/Short-Term27,750.00[ICRA]AAA(Stable)/[ICRA]A1+; ReaffirmedICRA LimitedNCD...

Shelter Pharma Ltd Secures International Order from Al-Saqr Agro Worth USD 27,664 Shelter Pharma Ltd has secured a significant international purchase order from Al-Saqr Agro for its Agricultural and Veterinary Entries. This contract is noted as a key milestone reflecting the company's expanding acceptance in global markets.The international order details indicate that Shelter Pharma Ltd will supply various Veterinary Feed Supplements products to Al-Saqr Agro. The total commercial consideration for this order amounts to USD 27,664.The specific products included in the purchase orders are: Multina Liquid Unit (1L), Unit (3L), and Super Vitamas Unit (20kg). Payment terms associated with the order stipulate a 100% advance upon placement...

Aurobindo Pharma Establishes New Wholly Owned Subsidiary for Manufacturing in IndonesiaAurobindo Pharma Ltd has expanded its operational footprint by having a subsidiary incorporate a new wholly owned entity, PT Auro Pharm Indonesia, in Indonesia. This move is set up to handle manufacturing operations within the Southeast Asian market.The new company operates as a wholly owned step down subsidiary of the Company and falls under the Pharmaceuticals industry. The incorporation aimed at establishing production capacity specifically within the Indonesian market.Details regarding the newly incorporated entity and its initial capitalization are provided below:<table> <thead> <tr> <th>Detail</th> <th>Information</th> </tr> </thead>...

Atmastco Defence Systems Secures DRDO Technology Absorption Certificate for Bullet Proof Jacket Manufacturing Atmastco Limited has achieved a major milestone in its defence manufacturing capabilities with the successful receipt of a Technology Absorption Certificate from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The certificate confirms that the company's wholly owned subsidiary, Atmastco Defence Systems Private Limited, has successfully absorbed a key DRDO-developed technology.The certificate, dated June 25, 2026, validates the absorption of the technology required for manufacturing 'Bullet Proof Jacket for Level 6 of BIS 17051:2018'. This achievement was secured under...

AION-TECH SOLUTIONS Increases Investment in Wholly Owned Subsidiary ROQIT GREENFLEET DIGITAL SOLUTIONS AION-TECH SOLUTIONS LIMITED has announced a significant further equity investment into its wholly owned subsidiary, ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED. The infusion of capital enhances AION-TECH’s control and commitment to the technology developing zero emission mobility fleets.The Company invested an additional Rs. 1,30,00,000 (Rupees One Crore Thirty Lakhs only) into ROQIT. Following this investment, the total equity holding by AION-TECH in ROQIT has increased to Rs. 9,80,10,000/-.The transaction involved the allotment of 13,00,000 equity shares of Rs. 10/- each at par through a rights issue conducted by ROQIT...

Open Offer Completed for Grameva Ltd; Promoter Status Reclassified Following Share Acquisition Grameva Ltd, formerly known as Bangalore Fort Farms Limited, announced the completion of its Open Offer following the successful acquisition of equity shares by a group of entities. This event results in key changes regarding the classification of certain shareholders within the company.The Open Offer was concluded on Thursday, April 16, 2026, led by Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited (formerly known as Ros Insurance Advisors Private Limited). These entities collectively referred to as 'Acquirers' conducted the transaction for the acquisition of equity shares in Grameva Ltd.The...

Vedanta Iron and Steel Stock Soars to Upper Circuit Amid Value Buying After Five-Session Decline Vedanta Iron and Steel Ltd (VISL) shares registered a significant turnaround on Friday, snapping a five-session decline. The company’s stock rocketed to hit the 5 percent upper circuit limit on the National Stock Exchange (NSE). This strong movement signals renewed investor interest in iron ore mining and steel manufacturing stocks.Stock Rallies as Investor Confidence SurgesVISL shares were locked at their upper circuit level, trading at Rs 34.68 per share on the NSE. The stock's decisive move comes amid continuous value buying by investors. This turnaround follows a period of consistent decline, highlighting the market’s reaction to...

Vivaa Tradecom Ltd Board Approves Capital Increase and Operational Limit Enhancements Vivaa Tradecom Ltd held a Board of Directors meeting on July 10, 2026, during which it approved several key operational enhancements and material changes regarding its capital structure. The company also set the date for its upcoming Annual General Meeting (AGM).Key resolutions passed by the Board included approval of the Director's Report for the financial year ended March 31, 2026. Furthermore, the board considered and took note of the Secretarial Audit Report presented by M/s RPSS & Co., Practicing Company Secretary, regarding the same period.The Board also sanctioned significant increases in corporate limits. Specifically, approval was granted...

Abakkus Mutual Fund Reshuffles Holdings as Vedanta Entities List Out, Boosting Exposure in Key Sectors Portfolio disclosures from Sunil Singhania-backed Abakkus Mutual Funds reveal significant shifts following the demerger of the Vedanta conglomerate. The breakup resulted in four new listed entities: Vedanta Aluminium Metal Ltd, Vedanta Oil & Gas Ltd, Vedanta Power Ltd, and Vedanta Iron & Steel Ltd, which all debuted on stock exchanges on June 15.The changes reflect a strategic reallocation as the funds navigate this corporate transition. Abakkus’s Flexi Cap Fund and Small Cap Fund both made exits from several of the conglomerate’s entities while simultaneously increasing their stake in the newly separated Vedanta Aluminium entity...

Invesco Targets Chemicals Boom: New Index Fund Aims to Track Nifty Chemical Index Performance Invesco Asset Management has launched the Invesco India Nifty Chemical Index Fund, a new open-ended scheme designed for investors seeking long-term capital appreciation in the chemicals sector. This fund is structured as an index fund, aiming to passively replicate the composition and performance of the Nifty Chemical Index. The product offers units at a New Fund Offer (NFO) price of ₹10/- per unit during the designated period.The scheme caters specifically to those who prefer passive investments in equity and related securities while maintaining exposure to one of India's rapidly growing sectors. Invesco has ensured comprehensive disclosure...

Fuel Rates Hold Steady in Major Cities as Global Crude Drops Below $80 Mark Indian consumers continue to pay unchanged petrol and diesel prices across major metropolitan areas on July 10, despite a notable softening of international crude oil prices. This stability comes as global markets navigate continued geopolitical tensions, while Oil Marketing Companies (OMCs) maintain retail fuel rates.Global crude benchmarks have seen shifts in the past week. Brent crude hovered near $76 a barrel, while US benchmark WTI traded below $72 following volatile trading amid ongoing Middle East disputes.Despite these underlying shifts and lingering disruptions to shipping through the Strait of Hormuz, OMCs have not announced any reduction in...

Bank Nifty Surges Past 57,000 as Private Lenders Drive Recovery; Analysts Pinpoint Crucial 58,000 Barrier The Bank Nifty extended its momentum for the second consecutive day on Friday, gaining over one percent in afternoon trading. This rally was largely propelled by the performance of private sector lenders, with key constituents driving the index higher amid a broader market uptick.The banking index surged as much as 1.1 percent to reach 57,993 during the session, closing at 57,877.65 by 12:25 pm. This sustained move accounts for approximately 2 percent gains across the last two sessions.Key Drivers Behind Bank Nifty's Daily Rally The index’s ascent occurred as benchmark indices like Sensex and Nifty advanced nearly 0.9 percent...

Gujarat Fluorochemicals Receives No Objection Letters from BSE and NSE for Composite Scheme of Arrangement<p>Gujarat Fluorochemicals Limited (GFCL) has received crucial No Objection Letters from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding its proposed Composite Scheme of Arrangement. The letters, dated July 9, 2026, confirm the exchanges' observations concerning the scheme involving Inox Leasing and Finance Limited (ILFL), Inox Holdings and Investments Limited (IHIL), and GFCL.</p><p>The Composite Scheme pertains to the restructuring between the demerged entity, ILFL (Transferor Company), the resulting company IHIL, and GFCL (Transferee Company). This scheme has been filed under...

Abha Power Secures Major Contract from North Central Railway Worth Over 3 Crore Abha Power and Steel Limited has secured a new order valued at ₹ 3,41,56,272.92 from the North Central Railway. This contract highlights the company's consistent efforts to enhance its market share within the railway sector.As of July 10, 2026, Abha Power and Steel Limited reported that its current order book stands at approximately ₹ 18.00 Crores. The successful acquisition of this new business affirms the company’s strong presence in supplying critical goods to the public transport infrastructure industry.The contract details pertain to the supply of castings as per a specified delivery schedule, subject to quality approval and standard terms of...

Shree Digvijay Cement Announces Board Meeting to Approve Q1 Results; Trading Window Remains Closed Shree Digvijay Cement Company Ltd. has announced that its Board of Directors will convene on July 24, 2026, with a key agenda item being the review and approval of the company's financial performance for the first quarter. Furthermore, the company confirmed the continued closure of its trading window through July 26, 2026.The Board meeting is scheduled to consider and approve the Unaudited Standalone and Consolidated financial results for the quarter that ended on June 30, 2026.In addition to the corporate governance update, Shree Digvijay Cement provided an update regarding trading procedures. The company confirmed that its designated...