Markets

Apollo Micro Systems Surges as it Commits to Acquire 41% Stake in Premier Explosives for Rs 1,550 Crore Apollo Micro Systems witnessed a sharp rise on the market after announcing a major strategic move. The company revealed plans to acquire a substantial 41.33 percent stake in Premier Explosives (PE) for Rs 1,550 crore.The announcement caused significant movement in the stock price of Apollo Micro Systems. Shares climbed up to 5 percent on the NSE during early trade following the disclosure made by AMS on Thursday after market hours. Later, the gains were marginally pared as the stock settled at Rs 409.30, registering an increase of 2.76 percent.Strategic Rationale for Defence Capability Consolidation The acquisition is set to...

Bajaj Auto Announces Conference Call for Q1 FY27 Results Discussion Bajaj Auto Ltd has invited analysts and institutional investors to a conference call detailing the company's performance for the first quarter of Fiscal Year 2027 (Q1 FY27). The event is scheduled for Tuesday, July 21, 2026.The conference call is designed to discuss Bajaj Auto's Q1 FY27 results with the financial community. Representing the company at the discussion will be Mr. Rakesh Sharma, Joint Managing Director, and Mr. Dinesh Thapar, Chief Financial Officer.The meeting is scheduled for 06:00 PM IST. Pre-registration details have been provided for attendees to ensure smooth access during the call.Bajaj Auto Ltd has set the event in order to provide investors...

Mukand Ltd to Approve Unaudited Financial Results for Q2 at Board Meeting Mukand Ltd has scheduled a meeting of its Board of Directors to consider and approve the company's Unaudited Financial Results (both Standalone and Consolidated) for the quarter ending June 30, 2026.The board meeting is slated to be held on Wednesday, August 12, 2026.In addition to the financial event, the company has confirmed the closure of the trading window for its designated persons. The restricted period begins on Monday, June 01, 2026, and concludes on Friday, August 14, 2026 (both days inclusive). This restriction is in line with the Company's Code of Conduct regarding insider trading regulations.MUKANDLTD Stock Price Movement Mukand Limited shares...

Laser Power & Infra IPO Stalls at 23%: Analyzing Profit Surge vs. Risk Exposure Before You Invest The IPO of Kolkata-based power transmission equipment manufacturer, Laser Power & Infra, is facing muted demand on its second day of subscription. As of 10:15 am on July 10, the issue has been subscribed to 23 percent on NSE data. The offering, priced in the range of Rs 203-214 per share, remains open for investors until July 13.The IPO sought bids for 58,52,420 shares against a total offer of 2,55,86,207 shares. This translates to a subscription rate of 23 percent overall. Non-institutional investors (NIIs) led the initial demand with a 34 percent subscription rate, while retail individual investors subscribed at 31 percent so far on...

Laser Power IPO Subscribes at 23% So Far; Muted Demand Sets Stage for Day 3 Battle The Kolkata-based power transmission equipment manufacturer, Laser Power & Infra, is continuing to witness muted demand on the second day of its Initial Public Offering (IPO). As of 10:15 am on July 10, the issue has been subscribed by 23 percent, according to data from the NSE.The IPO has received bids for 58,52,420 shares against the offer quantity of 2,55,86,207 shares, equating to a total subscription rate of 23 percent. Non-institutional investors led early demand with a 34 percent subscription in their segment, while retail individual investors subscribed at 31 percent so far on July 10.IPO Subscription Status and Offer Details The company...

Bihar Government Unleashes Rs 1,423 Crore Pension to Nearly 1 Crore Beneficiaries via Direct Bank Transfer In a significant move aimed at boosting social security across the state, the Bihar government has announced a comprehensive pension disbursement plan. Chief Minister Samrat Choudhary confirmed that a substantial corpus of financial assistance will be channeled directly to residents through bank transfers. This initiative targets vulnerable groups across Bihar, ensuring timely and secure access to essential funds.Rs 1,423.94 Crore Allocated for Welfare Pensions The state government plans to distribute a massive amount totaling Rs 1,423.94 crore. This fund encompasses financial commitments from both central and state government...

Bosch Ltd Reports on Sustainability Performance for FY 2025-26, Highlighting Climate Action and ESG Goals Bosch Limited has released its Business Responsibility and Sustainability Report for the Financial Year (FY) 2025-26. The report details the company’s operations across seven locations, providing comprehensive insights into environmental performance, employee welfare, supply chain management, and adherence to ethical principles.The entity operates on a standalone basis and has a financial history showing substantial contributions from its various business segments. Bosch's turnover breakdown highlights diverse activities, including manufacturing automotive products (46.14%), wholesale trading of automotive products (33.11%)...

Gold Financing and Mining Stocks Surge: Three Key Companies Climb Despite Softening Precious Metal Prices Specialized Stock Resilience Amid Bullion Price Dip Shares of three key players in the precious metals sector saw a rally on Friday, maintaining bullish momentum despite slight declines in both domestic and international gold and silver prices. Muthoot Finance, Manappuram Finance, and Hindustan Zinc all traded higher, showcasing investor confidence in specific segments of the market.Muthoot Finance shares were noted trading at Rs 3,128.50, registering a gain of 2.33% on the BSE at approximately 10:10 am. Manappuram Finance also performed strongly, climbing 2% to reach Rs 339.10. Hindustan Zinc advanced by 2.83%, reaching Rs 543.45...

Semaglutide Setback Plunges Dr Reddy’s Stock as API Impurities Force Supply Disruption Drugmaker Dr Reddy's Laboratories witnessed a significant slide in its stock price on July 10, continuing the decline following disclosures regarding its generic semaglutide supply. The company's stock was last trading 1.6% lower at Rs 1,248.9 and stood as the top loser on the pharma index, which saw a minor dip of 0.2%.The steep slide followed earlier warning from the drugmaker after it disclosed a temporary disruption in generic semaglutide supply for both India and Canada due to concerns over Active Pharmaceutical Ingredient (API) impurities. This operational snag has cast doubt on Dr Reddy's ability to fully capitalize on its early lead in the...

SBI Seizes Growth Surge: Investment Clients Four Times More Valuable Than Traditional Savers SBI Funds Management has identified significant headroom for expanding its Systematic Investment Plan (SIP) business across India. Leveraging its vast banking network and massive customer base, the lender aims to transform traditional savings relationships into high-value investment partnerships.Debasish Mishra, MD and CEO of SBI Funds Management, pointed out that the bank's scale provides a substantial growth opportunity. With over 530 million customers globally, including approximately 21 million salary account holders, SBI has the infrastructure to significantly boost its SIP portfolio.Understanding The Value Shift: Why Investment Clients...

Shayona Engineering Ltd Receives Purchase Order for Supply of Engineering Components Valued at Rs 1,70,45,100 Shayona Engineering Ltd has secured a significant domestic contract, having received a Purchase Order from a customer for the supply of engineering components. The order holds a broad consideration of Rs 1,70,45,100, which includes GST at 18%.The company's acquisition of this order marks a key operational milestone in its pursuit of supplying specialized industrial materials. The purchase order was received on July 9, 2026, and the execution timeline for the contract is set for completion by July 30, 2026.While the identity of the domestic customer has been withheld due to contractual confidentiality obligations, the...

SBI Funds Management Unleashes AI Across the Boardroom, Securing Compliance While Boosting Investor Trust SBI Funds Management has announced a massive operational transformation, dedicating significant investment to embedding Artificial Intelligence across every facet of its business. The country’s largest asset manager is not only looking to enhance productivity but is also reinforcing governance and data integrity at an unprecedented scale. This strategic push comes as the fund house prepares for its anticipated IPO subscription opening on July 14.Redefining Investor Experience with AI-Powered Services R. S. Srinivas Jain, Chief of Strategy, Digital and Technology and Head – Investor Relations, articulated that SBI Funds Management...

Bitcoin Rebounds: Price Jumps Post Trump's Iran Signal Amid Cooling Geopolitical Fears Bitcoin saw a notable rebound, surging past $64,000 in early trading on July 10th. The cryptocurrency reached $64,029, marking a gain of 0.33 percent over the last 24 hours and increasing by 2.95 percent within the past week. This uptick occurred as markets digested favorable shifts in geopolitical tensions and observed cooling in oil prices.The price movement was attributed to reducing fears concerning Iran, which followed speculation spurred by US President Donald Trump suggesting a deal might be imminent. However, market experts caution that this recovery remains fragile. Spot Bitcoin ETFs recorded $84 million in net outflows on Wednesday...

Gadkari Bets on Hydrogen Revolution as India Launches Major Transport Sector Trials and Ambitious Reforms The future of Indian transport is being driven by a strategic pivot towards sustainable fuel sources. Union Road Transport and Highways Minister Nitin Gadkari announced that the Ministry is undertaking comprehensive hydrogen fuel trials across 10 key routes, signaling a massive push toward decarbonizing the transportation sector. These pilot projects are central to the ministry's vision, cementing his conviction that "hydrogen is the fuel of the future."Hydrogen Trials Target Key Corridors Across India The government is actively conducting these groundbreaking hydrogen fuel trials on 10 specific transport routes nationwide. The...

Dixon Technologies Surges, Vikram Solar Gains Amid Major JV Deals and Supply Agreements Tech Giants React to Strategic Partnerships and Expansion Plans Dixon Technologies saw a positive movement in its share price after announcing a significant joint venture agreement. The company entered into a partnership with Vivo Mobile India. This strategic alliance is set up to establish a 51:49 joint venture. The JV aims to manufacture smartphones and other electronic devices within India.Pace Digitek also gained 2 percent on corporate developments from its subsidiary, Lineage Power. Lineage Power signed two strategic memoranda of understanding (MoUs). These MoUs are with Onward Solar Power and Kalpa Power. The agreements concern the supply of...

Kusumgar IPO Ignites Strong Demand, Subscribed Over 14x as Investors Weigh Listing Gains The Rs 650 crore initial public offering (IPO) of Kusumgar Limited continues to attract robust investor interest on its third day of bidding. As of 10:03 am on July 10, the issue was subscribed over 14 times, reflecting significant appetite for the company's shares. The IPO, which opened on July 8 and closes on July 10, is seeing a surge in demand across multiple investor categories.IPO Subscription Details Reveal High Investor InterestThe public issue offered a total of 16.56 crore shares against 1.14 crore issued, indicating strong oversubscription. Non-institutional investors led the charge, subscribing nearly 42 times their allocated quota...

Dharti Proteins Ltd has scheduled a meeting of its Board of Directors on Wednesday, July 15, 2026. The primary agenda item for the board meeting is to consider and approve the Unaudited Standalone Financial Results of the company for the first quarter ended June 30, 2026.The gathering of the Board members will be held to review the company’s performance during the quarter. Key among the business considerations is the approval of these results, along with taking on record the Limited Review Report pertaining to the said financial figures.In addition to reviewing and approving the quarterly financials, the Board has been granted permission to discuss any other related matters as deemed necessary by the chair. The meeting serves as a...

TCI Express Limited Clarifies Significant Increase in Equity Trading Volume TCI Express Limited confirmed that the recent significant increase in the trading volume of its equity shares is purely market driven, stating it is not aware of any specific event or information attributable to the surge.The clarification addresses an inquiry regarding the heightened activity observed in the company's stock across various exchanges. TCI Express Limited affirmed that it has consistently disseminated all material events and information pertaining to the operations and performance of the Company within prescribed timelines.The management confirmed that there has been no withholding of any material information or unpublished price sensitive...

Promoter Group Executes Inter-se Transfer in Shriram Properties Ltd Shares Shriram Group members have completed an indirect disposal of shares in Shriram Properties Limited following an inter-se transfer between Promoters. The transaction involves the transfer of specific equity stakes held by the Shriram Group Executives Welfare Trust (SGEWT) to Murali Malayappan, a Promoter.The disposal occurred on July 7, 2026, involving the indirect transfer of shares which represented 5.91% of Shriram Properties Limited's total diluted share capital before the transaction. The shares being transferred are equity shares of Shriram Properties Holdings Private Limited (SPHPL), the Promoter of the Target Company, carrying a face value of Rs. 10/-...

Sandur Manganese Announces Record Date for Final Dividend of 50 Paise Per Share Sandur Manganese & Iron Ores Limited has announced the record date necessary for determining eligibility for a final dividend corresponding to the financial year ended March 31, 2026.The Board of Directors at its 385th meeting held on July 9, 2026, fixed the Record Date as Wednesday, August 12, 2026. The company has declared a final dividend amounting to ₹0.50 (Fifty Paise only) per equity share.The details of the dividend and the financial context are summarized below:Financial Year EndedDividend AmountFace Value Per ShareRecord DateMarch 31, 2026₹0.50₹10Wednesday, August 12, 2026The final dividend is subject to approval by the shareholders...