Markets

HFCL Secures Export Order of USD 51.98 Million for Optical Fiber Cable Solutions HFCL Limited has secured a significant export order worth approximately USD 51.98 million (equivalent to ~INR 495.80 crore). The contract is for the supply of optical fiber cable based data centre connectivity solutions and was awarded by a renowned international customer through the company’s overseas wholly owned material subsidiary.This substantial international order underscores the trust global customers place in HFCL Limited's technological excellence, product quality, and manufacturing capabilities.The details pertaining to the contract include:ParticularsDetailsOrder TypeSupply of Optical Fiber Cable based data centre connectivity...

Apollo Micro Systems Launches Open Offer for Premier Explosives Shareholders Apollo Micro Systems Limited has initiated a mandatory Open Offer targeting shareholders of Premier Explosives Limited. The offer is designed to acquire up to 139,77,911 equity shares representing 26.00% of the Target Company's Equity Share Capital at an offer price of INR 698 per share.The Acquirer, Apollo Micro Systems Limited, announced that it intends to purchase a maximum of 139,77,911 fully paid-up equity shares of Premier Explosives Limited (Target Company). The Open Offer is set at a price of INR 698 per Equity Share, with the total consideration for this tranche reaching up to INR 975,65,81,878. The payment method for the acquisition will be cash...

Allcargo Global acquires 25% stake in Allcargo Group Services Pvt Ltd for centralized servicesAllcargo Global Limited has acquired a 25% equity shareholding in Allcargo Group Services Private Limited (AGSPL), which is a promoter group entity, to establish a centralized platform for shared and corporate services across the group.The acquisition was approved by the Board of Directors of Allcargo Global Limited during a meeting held on May 25, 2026. The transaction facilitated the purchase of two equity shares in AGSPL at a private placement basis. Following the completion of the deal on July 8, 2026, AGSPL became an associate company for Allcargo Global Limited.The investment was structured to ensure the allocation of corporate and...

State Bank of India Sells Equity Stake in SBIFM for Rs. 1,655 Crores State Bank of India has completed a share sale of its equity stake in SBI Funds Management Limited (SBIFM). The transaction, which took place on July 9, 2026, involved the sale of 2,88,32,748 equity shares representing 1.4156% of SBIFM's pre-Offer share capital to 30 investors for an aggregate consideration of Rs. 1,655.00 crores.The Pre-IPO Transaction saw the State Bank of India divest a portion of its holding in SBIFM at a price of Rs. 574.00 per equity share. The sale is subject to the fulfillment of conditions precedent as stipulated in the respective shareholder agreements.Financial Snapshot and Deal DetailsThe transaction provided significant capital...

Automotive Stampings and Assemblies Limited Announces 36th AGM and Releases Annual Report for FY2025-26 Automotive Stampings and Assemblies Limited (ASAL) has scheduled its 36th Annual General Meeting (AGM). The company has also made the Annual Report for the Financial Year 2025-26 available online for members.The AGM is set to be held on Thursday, July 30, 2026. Members are invited to attend through a Video Conferencing (VC) facility or other Audio Visual Means (OAVM).Details regarding the Annual Report for the Financial Year 2025-26 have been made available online. The web link providing complete details of the report is autostampings.com/storage/2022/07/Annual-Report-2026.pdf, and a QR code has also been provided to facilitate...

Manorama Industries Approves Incorporation of Wholly Owned Subsidiary in Chad for Shea Nut Business Manorama Industries Limited announced that its Board of Directors approved the incorporation of a Wholly Owned Subsidiary (WOS) in Chad, setting up a dedicated entity focused on the shea nut industry. This decision was made during the company's board meeting held on July 09, 2026.The subsidiary, named Agro Chad SARL, is intended to operate within the trading sector. The primary objective of the WOS will be the buying, processing, and selling of shea nuts/butter and other related materials. Since the proposed company has yet to be incorporated, this venture represents a strategic move into specialized agricultural trade in Chad.The...

Parin Enterprises Secures Rs 3.86 Crore Contract to Supply Airport Furniture in Eastern Region Parin Enterprises Limited, formerly known as Parin Furniture Limited, has secured a significant contract with the Airport Authority of India, Ministry of Civil Aviation. The agreement involves supplying specialized airport furniture across various airports in the Eastern Region of India.The total value of the order awarded to the company is Rs 3.86 Crores (Rupees Three Crores Eighty Six Lakhs Only). This contract marks a major business development for the company as it fulfills the requirement for furnishing different airports within the designated region.Parin Enterprises Limited received intimation regarding the contract on July 9, 2026...

Asian Markets Rocket on AI Hype, Defying Escalation in Persian Gulf Asian equities advanced sharply on Friday as investors maintained a resilient focus on the Artificial Intelligence theme, largely brushing aside mounting concerns over geopolitical instability in the Middle East. The surge was driven by chip and technology firms, contrasting starkly with escalating tit-for-tat attacks between the U.S. and Iran.The renewed conflict has eroded the fragile three week old ceasefire and brought oil prices back into sharp focus regarding their implications for inflation and global interest rate expectations. While Brent crude futures were forecast to rise by 5% this week, they have moderated at $76.03 per barrel, having given up much of the...

Trident Limited to Hold 36th Annual General Meeting on July 31 Trident Limited has announced details regarding its 36th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM is scheduled to be held virtually, and the notice along with the Integrated Annual Report for FY 2025-26 has been made available through online platforms.The Company's 36th AGM will take place on Friday, July 31, 2026, at 11:00 A.M. (IST). The meeting will be conducted via Video Conference (VC) or other Audio-Visual Means (OAVM).Accessing the Annual Report and Meeting Notice The Integrated Annual Report for the Financial Year 2025-26 and the notice of the 36th AGM can be accessed through the Company's official website. The document is...

Global Assets Under Tight Scrutiny as CBDT Mandates Foreign Income Display in AIS The Central Board of Direct Taxes (CBDT) has issued a significant order, fundamentally changing how foreign income is reported by Indian taxpayers. This mandate ensures that all financial assets held abroad are disclosed and reconciled during tax filing. The move represents a major escalation in the government's push for comprehensive international financial transparency.CBDT Orders AEOI Data to be Integrated into Taxpayer AIS In an official order dated July 8, 2026, the CBDT authorized the Director General of Income-tax (Systems) to integrate data received through the Automatic Exchange of Information (AEOI) framework into the Annual Information...

Independent Director Om Narayan Singh Resigns from Desi Farms India Limited Due to Professional Commitments Desi Farms India Limited, formerly SER Industries Limited, has announced the resignation of Mr. Om Narayan Singh, a Non-Executive Independent Director, effective July 9, 2026. The decision was attributed to his other professional commitments. Consequently, Mr. Singh will cease to be associated with the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Securities Issue Committee of the company.The departure marks a change in the board structure as the company moves forward.As per the details provided regarding this cessation, Mr. Om Narayan Singh held various roles related to independent...

Blue Jet Healthcare Completes Qualified Institutions Placement of Equity Shares Blue Jet Healthcare Limited successfully completed the allotment of equity shares in a qualified institutions placement (QIP), concluding its share issue which opened on July 6, 2026, and closed on July 9, 2026. The company approved the issuance and allotment of 15,810,276 Equity Shares to eligible qualified institutional buyers.The placement was conducted at an issue price of ₹ 506.00 per Equity Share, representing a premium of ₹ 504.00 per Equity Share over the face value. The total proceeds aggregated ₹ 8,000 million for the company.Financial Impact and Capital Structure Change The successful placement resulted in an increase in the paid-up equity...

Desi Farms India Ltd Announces Resignation of Independent Director Amid Professional Commitments Desi Farms India Ltd has announced the resignation of Mr. Om Narayan Singh from his position as a Non-Executive Independent Director. The departure, effective immediately as of July 9, 2026, is attributed to the professional commitments of Mr. Singh.Following this development, the company confirms that Mr. Om Narayan Singh will also cease to be a member of several key internal bodies, including the Nomination and Remuneration Committee, the Stakeholders Relationship Committee, and the Securities Issue Committee.The resignation marks a change in the board composition of Desi Farms India Ltd. The company confirmed that there are no other...

Supreme Infrastructure India Ltd Reconstitutes Key Committees of the Board of Directors Supreme Infrastructure India Ltd announced that its Board of Directors, at a meeting held on Thursday, July 09, 2026, has approved the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. These changes are effective immediately.The company updated the composition of its committees across the board, detailing specific appointments and memberships for each body.Audit Committee Reconstitution The Board sanctioned the reorganization of the Audit Committee, appointing Mr. Chander Parkash Sharma (Non-Executive Independent Director) as the Chairperson of the Committee. The post...

Cube Highways Trust Reports Unitholding Pattern as of June 30, 2026 Cube Highways Trust released its Statement of Unitholding Pattern for the quarter ended June 30, 2026, detailing the distribution and ownership structure of its units. The report shows that the total outstanding units stand at 1,34,40,69,762, with the Sponsor group holding a significant stake.The Trust's unitholding pattern indicates that the Sponsor and Sponsor Group hold 36.48% of the total units, while the remaining 63.52% is held by the public.Key Ownership Breakdown A detailed look at the unit distribution as on June 30, 2026 reveals the following primary holdings:CategoryTotal Units HeldPercentage of Total OutstandingSponsor and Sponsor Group...

GIFT Nifty Surges Over 100 Points; Global Rally Fueled by AI Optimism Despite Middle East Tensions Indian equity indices are poised for a firm start on Friday following strong global cues, with GIFT Nifty signaling immediate gains. The rally was driven by renewed confidence in technology stocks and easing crude oil prices, allowing investors to pivot from geopolitical fears toward the earnings outlook of Artificial Intelligence (AI).GIFT Nifty traded at 24,116 around 7:45 am, marking a positive indication for the market after closing on Thursday. The index was up 121.5 points or 0.51 percent from its close of 23,962.8. Prior to this morning's uplift, the Sensex had closed at 76,741.8, gaining 238.2 points (0.3 percent), while Nifty...

Kundan Edifice Limited's Bank Facility Rating Reaffirmed by Infomerics; Total Rated Amount Enhanced Kundan Edifice Limited has received a rating update on its long-term bank facilities from Infomerics Valuation and Rating Limited. The agency confirmed the rating, noting an enhancement in the total amount of rated facilities after reviewing the company’s operational and financial performance for FY25 and FY26.The ratings issued by Infomerics placed the company's Long-Term Bank Facilities at IVR BBB-/Stable (Triple B Minus with Stable Outlook). This outcome reaffirms the previous rating assigned to the entity.Reflecting the improved stability and financial standing, the total amount of the long-term bank facilities under review was...

Gold and Silver Tumble as Geopolitical Jitters Over US-Iran Talks Plunge Precious Metal Prices Bullion markets saw a marginal dip on early trade on July 10, as cautious investor sentiment weighed on precious metals. The movement reflects the pressure generated after the breakdown of talks aimed at achieving a ceasefire between the US and Iran.The international market mirrored this caution, with spot gold prices declining marginally during the morning session. International spot gold finished down 0.11% to $4,136.20 per ounce. Silver also experienced a slight decline, trading 0.16% lower at $60.65 per ounce on Comex.Global Spot Market Reflects Tensions The failure of the US-Iran ceasefire negotiations provided a headwind for precious...

Allcargo Global Limited Sells Comptech Solutions Subsidiary in Divestment DealAllcargo Global Limited has completed the sale of equity shares of its step-down subsidiary, Comptech Solutions Private Limited (CSPL), concluding a major divestment. The shares were sold to Transindia Real Estate Limited, identified as a Promoter Group Company, effective July 09, 2026, leading CSPL to cease being a subsidiary of Allcargo Global Limited.The transaction was agreed upon on July 01, 2026, with an expected completion date set for July 30, 2026. The consideration received from the sale amounts to approximately ₹24 cr. This payment relates to Contech Logistics Solutions Private Limited, which is the holding company of Comptech Solutions Private...

NHAI Affirms Linking Factor for WPI Conversion in User Fee Revision The National Highways Authority of India (NHAI) has clarified and confirmed the linking factor to be used for the revision of user fees across all existing contracts and concession agreements. The move solidifies the use of a specific linking factor to convert the Wholesale Price Index (WPI).According to updates received from Maple Infrastructure Trust, NHAI issued a circular on July 8, 2026, setting out the confirmed policy regarding this matter. This new directive states that the linking factor of 1.641 shall be retained. This factor is intended for linking the WPI series of 2004-05 to the WPI series of 2011-12 in the context of user fee revision across all existing...