Markets

RBI Sets Key Cut-off Commission Rates in Underwriting Auction for Government Securities The Reserve Bank of India (RBI) released critical data regarding the outcome of the Additional Competitive Underwriting (ACU) auction conducted on July 10, 2026. The auction involved various government securities and set specific cut-off commission rates payable to Primary Dealers, providing a clear indicator of the market's participation in these debt instruments.Auction Mechanics and Market Participation Details The underwriting auction saw significant engagement across both designated security types. The RBI provided comprehensive details on the notional amounts, minimum commitments, and the successful acceptance levels for the securities up for...

Bharti Airtel Sets Record Date for Final Dividend Recommendation on Equity Shares Bharti Airtel Limited has established a record date for determining eligibility for the payment of a final dividend recommended by its Board of Directors for the financial year 2025-26. The company announced the details regarding the dividend structure, which is contingent upon member approval at its upcoming Annual General Meeting (AGM).The Board had proposed a final dividend amounting to Rs. 24/- per fully paid-up equity share and Rs. 6/- per partly paid-up equity share. These dividends are based on the face value of Rs. 5/- each for both security types, with the partly paid-up share having been paid up by Rs. 1.25 per share.The company has set...

Varigate Advisory Services and Sanjay Otawat Dispose Shares in Arman Holdings Ltd. The equity shares held by Varigate Advisory Services (P) Ltd and Sanjay Otawat have been disposed of in Arman Holdings Limited on July 9, 2026. The disposal involves the listed entities holding stake in the target company, as per records maintained for substantial acquisition monitoring.Varigate Advisory Services (P) Ltd and Sanjay Otawat hold stakes in Arman Holdings Limited. These parties are noted to be non-promoters concerning their holdings.Key details regarding the pre-disposal and post-disposal share structure of Arman Holdings Limited are as follows:MetricDetails Before SaleDetails After SaleTotal Equity Share Capital / Total Voting...

IC Electricals Shares Surge on Listing: Debut Premium Reaches 67.68% Amid Phenomenal IPO Subscription IC Electricals made a highly successful and robust debut on the National Stock Exchange (NSE). The company's shares were listed at Rs 166 per share, marking a significant premium of 67.68% over its initial IPO price band. This strong listing performance followed an intensely sought-after primary market period between July 3 and July 7.IPO Performance Metrics Drive Strong Listing Premium The phenomenal reception from investors was clearly indicated by the subscription figures for IC Electricals. The company's IPO received a staggering 390.82 times subscription in the initial offering. This overwhelming demand solidified its positioning...

Promoter Group Completes Acquisition of 45.93% Stake in Waaree Energies Ltd via Inter-se Gift Transfer A substantial change in control has been reported in Waaree Energies Limited, as promoter Chimanlal Tribhuvandas Doshi acquired a significant stake through an inter-se gift transfer of shares in the company's associated entity, Waaree Sustainable Finance Private Limited (WSFPL). The acquisition, finalized on June 24, 2025, provided Mr. Doshi with 45.93% of the target company’s equity share capital.The transaction represents a culmination of several related share transfers, including initial gifts and the dissolution of Hindu Undivided Family (HUF) holdings by family members. These movements facilitated the transfer of control to...

Kalyan Jewellers Stock Surges Past ₹475 as Brokerage Boost Fuels Massive Market Cap Rally Shares of Kalyan Jewellers India continued a powerful three-session rally, climbing over 7 percent on Friday. The stock emerged as a top gainer on the BSE Midcap index. Investors have continued to pour confidence into the company's long-term growth trajectory following strong brokerage endorsements.Stock Performance and Market Capitalisation Boost Kalyan Jewellers witnessed a significant jump, rising up to 7.2 percent during morning trading. The stock reached ₹475 per share on Friday. This sharp upward move has propelled its gains to an impressive 33.9 percent over the preceding three sessions.The rally has significantly bolstered the company's...

Key Director of Garware Hi-Tech Films, Mrs. Sarita Garware Ramsay, Passes Away Garware Hi-Tech Films Limited announced the sudden demise of Mrs. Sarita Garware Ramsay, its Joint Managing Director. The passing occurred on July 09, 2026.Mrs. Sarita Garware Ramsay had been serving as a Joint Managing Director of the company since 2002. Her experience and wisdom were deeply valued by the Board and the Company.The loss is described as irreparable to the company. The Board of Directors and all employees expressed their deepest condolences and heartfelt sympathies to the bereaved family following the passing of Mrs. Ramsay.Details regarding the change in directorial status are summarized below:ParticularsDetailsReason for...

SBI MF Targets $5 Billion by Doubling International Business, Accelerating Expansion into High-Growth Private Credit and PE SBI Mutual Fund is undergoing a major strategic pivot, moving beyond its core mutual fund operations to solidify its presence across high-growth investment segments. The AMC is aggressively expanding its footprint in Alternative Investment Funds (AIFs), specialized investment funds (SIFs), portfolio management services (PMS), and international business through GIFT City.The strategy focuses on building leadership across these diverse segments by strengthening resources, refining strategies, and forging strategic partnerships worldwide. This comprehensive overhaul signals a move toward becoming a multi-faceted...

Acquisition Details for Mahamaya Steel Industries Limited: Vijay Rathee Increases Stake Vijay Rathee has acquired an additional stake in Mahamaya Steel Industries Limited through the open market, bringing his total holding to 5.002%. The acquisition was completed on July 8, 2026.The data confirms that Vijay Rathee, who is not part of a Promoter group, previously held 4.985% of the equity shares of Mahamaya Steel Industries Limited.Details of the pre and post-acquisition holding are presented below:MetricBefore Acquisition (Acquirer Holding)Details of AcquisitionAfter Acquisition (Acquirer Holding)Shares Carrying Voting Rights819,3802,810 shares acquired822,190Percentage (%)4.985%0.017% of the acquisition was...

Global Banks Reap Massive Payday as SK Hynix Lands $26.5 Billion US Mega Listing Investment Banking Fees Soar as SK Hynix Successfully Taps Wall Street Capital The successful U.S. listing of South Korean chipmaker SK Hynix generated a significant financial boon for the global investment banking industry. The mega share sale, which raised approximately $26.5 billion, resulted in nearly $260 million in advisory fees for the participating investment banks and brokerages.These lucrative fees represent about 0.97% of the total capital raised by SK Hynix. This percentage is noteworthy when compared to the previous significant IPO deal—the record-setting share sale led by SpaceX last month. The comparison highlights a strong financial...

ACM GLOBAL FUND VCC sells shares in Indiabulls Limited reducing stake ACM GLOBAL FUND VCC has sold a portion of its holdings in Indiabulls Limited, resulting in a reduction of its shareholding interest in the company. The open market sale transaction was completed on 07 July 2026.The acquisition report indicates that before the recent sale, ACM GLOBAL FUND VCC held 152,574,000 shares carrying voting rights in Indiabulls Limited. This holding represented 6.56% of the total share capital, or 6.49% of the total diluted share capital.In the transaction executed through the open market, ACM GLOBAL FUND VCC sold 47,159,801 shares carrying voting rights in Indiabulls Limited. This disposal accounts for 2.03% of the total share base, or...

Federal Bank Shares Surge Over 1% as Lender Bags First Global Investment Grade Rating from S&P Financial Sector Reactions to Credit Upgrade Shares of Federal Bank experienced a positive early morning rally on Friday following the announcement that the private sector lender had successfully secured its first international investment-grade issuer credit rating. The stock saw gains, with it trading at ₹331.40 on the NSE at 9:39 am, reflecting an increase of 1.11%.This milestone comes after the bank made an exchange filing detailing the ratings assigned by S&P Global Ratings. The positive market reaction highlights investor confidence in the institution's fundamental strength following this significant corporate achievement...

Capri Global, JK Bank Stocks Surge to 52-Week Highs as Technical Breakouts Drive Sharp Rally in Momentum Stocks Several stocks captured significant attention on July 9, driven by sustained technical breakouts and robust buying interest, even as broader market sentiment exhibited caution. While some names scaled fresh one-year highs, reflecting deep underlying demand, others faced downward pressure below key moving averages.Stock Picks Hit 52-Week Highs Amid Strong Buying Interest A notable group of stocks achieved new 52-week highs, underscoring sustained institutional and retail buying interest across multiple sectors. Names including Capri Global, JK Bank, Aether Industries, Anand Rathi, Oracle Fin Services, Nuvama Wealth, Sona BLW...

Government Sells Shares in Cochin Shipyard Ltd; Reduces Stake Following Offer for Sale The President of India, acting through the Ministry of Ports, Shipping and Waterways, has completed a significant sale of equity shares in Cochin Shipyard Limited (CSL) through a stock exchange mechanism. The transaction successfully converted a portion of the government's stake into divestment, resulting in a reduction of holding as reported by the Seller.The Offer for Sale (OFS) encompassed multiple stages, including an initial base offer and an option for oversubscription. A total of 1,19,33,344 Equity Shares were sold to non-retail investors on T day (July 7, 2026), and an additional 1,15,826 Equity Shares were sold across non-retail investors...

Vivek Raheja Group Sells Shares of Sabrimala Industries India Ltd Vivek Raheja, acting in concert with his family members, has sold a portion of their equity stake in Sabrimala Industries India Limited. The transaction occurred over two days in the open market on BSE Limited and represents a reduction in the group's holding.The shares were disposed of across transactions dated July 7, 2026, and July 8, 2026. Vivek Raheja is the seller, and Persons Acting in Concert (PACs) include his son, Vidit Raheja, and wife, Vanshika Raheja. The sale was executed through the open market on BSE Limited.The disposal details show that the group's holding reduced from 9.81% to 6.47% of the company's total share capital.Stake Details Summary A...

Olympian Finvest Private Limited Acquires 94,000 Shares in Nova Iron & Steel Ltd Olympian Finvest Private Limited has acquired a stake in Nova Iron and Steel Limited through the purchase of 94,000 shares from Aarti Iron & Power Private Limited. The transaction, which took place on July 8, 2026, was executed for Rs. 11/- per share.The acquisition is reportedly aimed at restructuring among Promoters and the Promoter Group of Nova Iron & Steel Ltd.Olympian Finvest held a significant stake in the target company prior to this transaction, and the purchase increases its holding. Aarti Iron & Power Private Limited divested all its shares in Nova Iron and Steel Ltd. as part of the deal.A detailed breakdown of the shareholding before and...

Strategic Breakthrough: ONGC Approves Major Expansion of Crude Reserves to Secure India's Energy Resilience Oil and Natural Gas Corp. (ONGC) has greenlit a critical expansion project aimed at bolstering India’s energy security by significantly increasing strategic crude reserves. This move comes as part of a nationwide push for greater energy resilience following the severe global shocks caused by the Iran war. The board approval marks a proactive step by the nation's largest oil and gas producer to secure vital energy stocks domestically.Securing National Energy Resilience Against Global Crises The new project is deemed of "national importance" by ONGC, as stated in its filing. This strategic focus addresses the extreme vulnerability...

Strategic Pact Forces Patent Scrutiny, Cementing India's Lead in Traditional Knowledge Defense Bilateral Agreement Solidifies Global Commitment to Protecting Indigenous Heritage A landmark agreement was signed between the Council of Scientific and Industrial Research (CSIR) and IP Australia during the 3rd India-Australia Annual Summit held in Melbourne on July 9, 2026. The pact focuses on granting access to the Traditional Knowledge Digital Library (CSIR-TKDL), a vital resource developed by India for intellectual property defense.The signing ceremony took place with both Prime Ministers present: Shri Narendra Modi of India and Mr. Anthony Albanese MP of Australia. This TKDL Access Agreement is one of 18 key outcomes stemming from the...

Vivek Raheja and Family Reduce Stake in Sabrimala Industries India Ltd Following Share TransactionsA thorough review of equity shareholdings in Sabrimala Industries India Limited shows a reduction in the stake held by Vivek Raheja, along with his son Vidit Raheja and wife Vanshika Raheja (the Persons Acting in Concert or PACs). The transactions occurred across various timelines, resulting in a net change to the collective holding.The initial disclosure indicated that Vivek Raheja and the PACs held 10,64,026 equity shares, which constituted 12.21% of the total share capital as per the previous filing in October 2024. The subsequent transactions over the period from October 25, 2024, to February 16, 2026, led to a final holding of...

Ujjivan SFB Ventures into Wealth Management, Aims for 200 Crore Mutual Fund AUM in First Year Ujjivan Small Finance Bank Ltd has entered the mutual fund distribution business, with a stated aim of achieving Rs 200 crore in Assets Under Management (AUM) within its inaugural year of operations. The bank confirmed that the venture was launched in May 2026, following previous approvals and interactions with industry analysts.The company clarified that the expansion into wealth management does not involve negotiations with any third party. This move follows a sequence of events detailed by the institution:February 5, 2026: The authorized Board Committee approved the launch and rollout of the mutual fund distribution business. May 2026...