Markets

United Drilling Tools Secures Order from Baker Hughes for Winch Accessories New Delhi: United Drilling Tools Ltd. (UDTL), a prominent manufacturer of specialized, high-technology equipment for the oil and gas sector in India and abroad, has received an order from M/s Baker Hughes Singapore Pte. The deal involves supplying winch accessories to one of the world's leading energy technology companies serving the oil and gas industry.The contract marks a trial order for UDTL’s winch accessories, which will be supplied to Baker Hughes. This follows an established business relationship between the two entities through previous supplies of various engineering products.This order is viewed as a reflection of Baker Hughes' confidence in...

Aion-Tech Solutions Ltd Increases Investment in Wholly Owned Subsidiary ROQIT Greenfleet Digital Solutions Aion-Tech Solutions Ltd has made a further investment of Rs. 60,00,000 towards its wholly owned subsidiary, ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED (ROQIT). This infusion increases the company's total equity holding in ROQIT to Rs. 10,40,10,000.The investment was made through cash consideration against the allotment of equity shares. With this transaction, Aion-Tech Solutions Ltd continues to hold 100% of the shareholding in ROQIT. The capital injection is intended to meet ROQIT's operational and product development expenses.ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED is a high-potential platform company...

TVS Motor Company Holds Board Meeting to Review Q2 Financials and Plan Up To ₹1000 Cr Funding Drive TVS Motor Company Ltd. has announced that its Board of Directors will convene a meeting on July 21, 2026, to review the Unaudited (Limited Reviewed) Financial Results for the quarter ended June 30, 2026. The agenda includes reviewing both Standalone and Consolidated financial performance alongside plans for strategic funding.The Board is scheduled to approve key items pertaining to the company's financial standing and future capitalization strategy during this meeting.A major focus of the upcoming board meeting is the plan to raise funds through the issuance of Non-Convertible Debentures (NCDs). The planned fundraising amount is...

Wheels India Board Approves Major Fundraise Worth Up To ₹ 400 Crores Wheels India Ltd has announced that its Board of Directors approved a significant fundraising initiative, authorizing the company to raise up to ₹ 400 Crores through the issuance of various financial instruments. The decision allows the company to tap domestic and foreign markets via public, private, and rights offerings, alongside preferential allotment (QIP).During a meeting held on July 10, 2026, the Board reviewed and sanctioned the plan for raising funds through issuing "Securities," which include equity shares of face value ₹ 10. These securities encompass various instruments such as convertible preference shares, non-convertible debt instruments with warrants...

Advait Secures Rs 75 Crore Contract from PGVCL for Underground Cable Network Conversion<p>Advait Energy Transitions Ltd has secured a major turnkey contract valued at Rs 75,56,30,411.00 to convert existing Low Tension (LT) line networks into underground cable infrastructure for Paschim Gujarat Vij Company Limited (PGVCL).</p><p>The order was awarded on July 9, 2026. The contract involves comprehensive services for the conversion project at Udyognagar Subdivision (part-1) of Porbandar Circle under PGVCL. The agreement encompasses all aspects of a turnkey solution, including site survey, designing, engineering, and procurement.</p<p>As part of the scope, the work requires extensive execution related to GIS Mapping / Geo Urja Mapping...

Poonawalla Fincorp Allots Non-Convertible Debentures Worth ₹200 Crore in Private Placement Poonawalla Fincorp Ltd has finalized the allotment of Non-Convertible Debentures (NCDs) through a private placement. The issuance, which took place on July 10, 2026, involved the release of unsecured, redeemable, and listed debentures constituting [Tier II] Capital.The Finance Committee, authorized by the Board of Directors, approved the allotment of 20,000 such debentures. Each debenture had a face value of ₹1,00,000/-, bringing the total face value of the debt instrument to ₹200,00,00,000 (Two Hundred Crore only).The company received an aggregate amount of ₹202,17,71,000 from this private placement. This figure incorporates accrued interest...

Equity Mutual Fund Inflows Surge in June; Debt Funds Suffer Heavy Outflow Amid Sectoral Shifts The mutual fund market showed signs of strengthening in June, as equity funds attracted a significant inflow of Rs 28,973 crore. This marked an improvement from May’s inflows of Rs 22,908 crore, signalling a gradual recovery in investor sentiment following a softer previous month.Assets Under Management (AUM) for equity schemes grew to Rs 37.34 lakh crore in June, up from Rs 36.14 lakh crore recorded in May. While this growth was positive, the inflow figure remained below the substantial investment levels of March and April, when inflows exceeded Rs 40,000 crore and Rs 38,000 crore respectively.Hybrid Funds See Consistent Investor Interest...

Advait Energy Secures Turnkey Contract from PGVCL Valued at ₹58 Crore Advait Energy Transitions Ltd has secured a significant turnkey contract, valued at ₹58,25,31,158.00 (inclusive of taxes), from Paschim Gujarat Vij Company Ltd (PGVCL). The agreement pertains to the conversion and modernization of existing electrical infrastructure in the Bhavnagar Circle region.The order, which was awarded on July 9, 2026, involves a comprehensive project scope for the conversion of aging electrical lines into modern underground cable networks at Adhewada (Akwada) Subdivision under PGVCL. The contract is domestic in nature and carries out to a duration of 18 months.The scope of work encompasses all aspects of a turnkey process, including site...

MSTC Limited Board Approves Addition of Web-Based Travel and Tour Operator Services MSTC Ltd., a Government of India Enterprise, has taken a significant step toward expanding its service offerings. The company's Board of Directors, in a meeting held on July 10, 2026, considered and approved an alteration to the Objects clause of its Memorandum of Association (MoA).The proposed amendment to the MoA allows MSTC Ltd. to enter into new business activities centered around the travel and tourism sector. The altered objects include inserting a new clause related to business conducted by travel agencies, tour operators, tourist agents, and allied activities, specifically through web-based platforms or other means.This crucial alteration...

Calcom Vision Posts Record-Breaking Q1 FY 2026-27 Sales, Reporting 34% Year-on-Year Growth Calcom Vision Limited has announced significant results for the first quarter of Fiscal Year (FY) 2026-27, achieving a sales revenue of INR 60.19 Crores. This figure marks the highest ever recorded sales performance across all First quarters since the company’s inception.The Q1 FY26-27 result reflects strong momentum and sustained growth, with the company posting a notable 34% increase on a year-on-year basis. The achieved performance is part of a streak of five consecutive quarters where the company has reported robust sales figures, driven by stable demand and an improving product mix.The company highlighted its focused efforts in...

Vijay Rathee Acquires Shares in Mahamaya Steel Industries Limited in Open Market Vijay Rathee has increased their holding in Mahamaya Steel Industries Limited (MSIL) through an open market acquisition. The shares were acquired on July 8, 2026.The transaction saw the acquirer increase their stake following prior holdings of 4.985%. Prior to this acquisition, Vijay Rathee held 819,380 shares carrying voting rights in Mahamaya Steel Industries Limited.Details regarding the acquisition are summarized below:MetricBefore AcquisitionAcquisition DetailsAfter AcquisitionAcquirerVijay RatheeOPENMARKETVijay RatheeShares Carrying Voting Rights819,380 (4.985%)2,810 shares (0.017%)822,190 (5.002%)Encumbered SharesNILNILNILTotal...

Chatha Foods Limited Launches 'Unifayre Foods' as New Brand Identity After Three Decades of Evolution Chatha Foods Limited (CFL), a leading food processing company and trusted partner to global quick service restaurant (QSR) brands, has unveiled Unifayre Foods as its new customer-facing brand identity. The launch signifies the next phase in the company’s business trajectory, unifying expanded capabilities across food processing, product innovation, and customized food solutions under a singular brand.While the new brand name reflects this significant evolution, CFL emphasizes that it remains the established listed entity, maintaining no change to its legal or corporate structure.For over thirty years, CFL has transformed from a...

PNB Housing Finance Appoints Two Independent Directors; Recommends NCD Issuance and AOA Alterations for AGM PNB Housing Finance Limited has made key appointments to its Board of Directors and outlined significant proposals for shareholder consideration at its upcoming 38th Annual General Meeting (AGM). The company fixed the record date for determining dividend eligibility for the financial year 2025-26 and approved the appointment of two distinguished professionals as Additional Independent Directors.The Board meeting held on July 10, 2026, saw the approval of both Mr. Shreekant and Mr. Rajiv Kumar Singh as Additional Directors in the Independent Director category. Both appointments are effective immediately and carry a term of three...

Machhar Industries Announces Board Meeting to Adopt Q1 Financial Results; Trading Window Status Confirmed Machhar Industries Ltd has scheduled a meeting of its Board of Directors to address key operational matters, including the approval of its first-quarter financial results. The company also provided an update regarding the status and reopening of its trading window for equity shares.The Board meeting is set for Thursday, July 16, 2026, at 12:30 pm. During the meeting, the directors are slated to approve, consider, adopt, and publish the Un-Audited Standalone and Consolidated financial results of the company for the quarter ended on June 30, 2026, alongside conducting other regular business of the company.In addition to the...

Rasi Electrodes Ltd Announces Board Meeting on July 16th to Discuss Landed Property SaleRasi Electrodes Ltd has scheduled a meeting of its Board of Directors for Thursday, July 16, 2026. The meeting is set for 11:30 P.M. and aims, among other items, to evaluate proposals and decide on the selling of the company’s landed property.The agenda item concerning the disposal of the land specifies that necessary consent from shareholders had already been obtained under section 180 of the Companies Act, 2013, and Listing Regulations, with the requisite authorization granted on June 29, 2026. The meeting will also include any other matters with the permission of the Chairman and Independent Directors.In a related operational update, Rasi...

Procter & Gamble Hygiene and Health Care Limited announces dates for 62nd Annual General Meeting Procter & Gamble Hygiene and Health Care Limited has provided an update regarding the schedule for its upcoming 62nd Annual General Meeting (AGM).The company confirmed the key dates related to the AGM, the record date for members, and the subsequent dividend payment timeline.According to the announcement released on July 10, 2026, the details are as follows:EventDateDate of AGMWednesday, September 2, 2026Record Date (for AGM and dividend)Wednesday, August 26, 2026Dividend Payment DateSeptember 30, 2026 (if approved at the 62nd AGM)The company requested stakeholders to note these dates in preparation for the Annual...

Advait Energy Transitions Secures ₹52 Crore Turnkey Contract for PGVCL Underground Cable Network Project Advait Energy Transitions Limited has secured a significant turnkey contract from Paschim Gujarat Vij Company Ltd (PGVCL). The project involves converting an existing 11 kV High Tension (HT) and Low Tension (LT) line network into an underground cable network at Ranavav Subdivision of Porbandar Circle.The order, received on July 9, 2026, awards Advait the comprehensive turnkey responsibility for the infrastructure conversion under Package-58. This project includes Site Surveying, Designing, Engineering, Procurement, Supply, Transportation, Installation, Testing, and Commissioning of all necessary materials required to complete the...

Highway Infrastructure Ltd Receives Credit Rating from CRISIL Ratings Limited Highway Infrastructure Ltd has received a credit rating from CRISIL Ratings Limited concerning the company's profile. The details of the credit rating were provided via a press release issued by CRISIL Ratings Limited on July 8, 2026.HILINFRA Stock Price Movement As of 1:42 PM, shares of Highway Infrastructure Limited are climbing in live trading, gaining ₹0.57 or 1.26% and currently standing at ₹45.78. The stock trades within its current intraday range of ₹45.08 to ₹45.97, with a reported volume of 8,969 shares so far.

Income Tax Dept Unleashes ITR-7 Excel Utility: Entities Get Crucial Filing Deadline for AY 2026-27 The Income Tax Department has made a critical move towards simplifying compliance by releasing the specialized Excel Utility for Income Tax Return (ITR-7). This release allows eligible taxpayers to prepare and file their requisite income tax returns offline through the e-filing portal, streamlining the filing process.The department announced the availability of this utility via social media platforms, advising all concerned taxpayers that it is now accessible on the official Income Tax e-Filing portal. This phased rollout continues a series of releases intended to aid different types of corporate and institutional filers.Who Is...

Advait Energy Transitions Secures Rs 64.2 Crore Turnkey Contract from PGVCL Advait Energy Transitions Limited has secured a significant turnkey contract worth Rs 64,20,11,699.00 from PASCHIM GUJARAT VIJ COMPANY LTD (PGVCL). The agreement covers the complete conversion of an existing electrical network to underground cable infrastructure at Mandvi-city Subdivision of Bhuj Circle.The company received the order on July 9, 2026. This domestic contract encompasses all aspects required for the transition, including site survey, designing, engineering, procurement, supply, installation, testing, and commissioning.The scope of work involves converting the existing 11 kV HT Line and LT Line Network, along with Consumer Service Lines, into an...