Markets

Sterling and Wilson Renewable Energy Ltd Schedules Board Meeting to Review Q1 Financial Results Sterling and Wilson Renewable Energy Limited has scheduled a meeting of its Board of Directors to review the financial performance for the quarter ending June 30, 2026. The meeting is set for Thursday, July 16, 2026.The primary agenda item for the Board includes considering and approving the Unaudited (Consolidated and Standalone) Financial Results of the Company pertaining to the specified quarter.In terms of market trading activity, the company has confirmed the status of its insider trading window. The designated period for dealing in securities by Designated Persons and their immediate relatives was closed starting from Wednesday...

Mohini Health & Hygiene Completes Major Payment Under Resolution Plan for Winsome Yarns Mohini Health & Hygiene Limited has successfully completed a significant payment obligation under the Resolution Plan for its client, Winsome Yarns Limited. The company settled an amount of Rs 142.90 Crores as part of the proceedings related to the Corporate Debtor.The successful payment was executed through Dhananya Capital Private Limited, a Special Purpose Vehicle (SPV) and controlled subsidiary of Mohini Health & Hygiene Limited. This payment fulfills obligations stipulated under the Resolution Plan that was approved by the Hon'ble National Company Law Tribunal (NCLT), following approval dated April 16, 2026.In accordance with the terms set...

Federal Bank Receives First International Investment Grade Issuer Ratings from S&P Global Ratings Mumbai, July 9, 2026 –Federal Bank has received its inaugural international issuer credit ratings from S&P Global Ratings. The assignment includes a Long-Term Issuer Credit Rating of BBB- and a Short-Term Issuer Credit Rating of A-3. This rating places the Bank in the global investment-grade category, marking a significant milestone in its institutional evolution.The S&P designation reflects an independent assessment of Federal Bank’s credit profile. The bank's commitment to disciplined risk management, sound capitalization, diversified funding, and consistent financial performance was underscored by the rating agency.As one of India's...

Apollo Micro Systems Acquires 41.33% Stake in Premier Explosives Limited for INR 1,550 Crores Apollo Micro Systems Limited has executed a Share Purchase Agreement (SPA) for the acquisition of equity shares in Premier Explosives Limited (PEL), a company involved in manufacturing solid propellants for missile programs and supplying countermeasure systems to Indian defense. The deal grants Apollo Micro Systems control over the Target Company, aligning with its long-term objective to build an integrated, end-to-end indigenous defense platforms ecosystem under the Aatmanirbhar Bharat and Make in India initiatives.The acquisition involves the purchase of 2,22,21,735 Equity Shares of PEL from its promoter shareholders for a consideration of...

UCO Bank Revises Key Benchmark Rates Following ALCO Review; MCLR and TBLR Rates Updated UCO Bank has revised several key benchmark rates following a review by its Asset Liability Management Committee (ALCO). The revisions, which include adjustments to Marginal Cost of Lending Rate (MCLR), Target Bank Loan Rate (TBLR) linked rates, and Government Securities (G-Sec) linked rates, are effective from July 10, 2026.The ALCO reviewed the existing benchmark rates and decided upon revisions across various tenors. The updated MCLR rates are detailed as follows:MCLR TenorExisting RateMCLR w.e.f. 10.07.2026Overnight7.90%7.90%One month8.15%8.20%Three month8.40%8.45%Six month8.65%8.70%One year8.75%8.80%Update on Other...

Nam Securities Ltd to Hold Board Meeting for Un-Audited Financial Results of Quarter Ended June 30, 2026 Nam Securities Limited has scheduled a meeting of its Board of Directors to consider and approve the un-audited financial results for the quarter ended June 30, 2026.The Board Meeting is set to take place on Friday, July 17, 2026, at the company’s registered office in New Delhi. The meeting is scheduled for 5:00 P.M., and among the agenda items is the consideration and approval of the Un-Audited Financial Results for the quarter ended June 30, 2026.The Board is also expected to address any other business with the permission of the chairman during the session.In adherence to the Company’s Code of Conduct for the prevention of...

Dixon Technologies and vivo Mobile Finalize Agreements for New OEM Joint Venture in India Dixon Technologies (India) Limited has finalized crucial agreements with vivo Mobile India Private Limited (VMI) to establish a joint venture company (JV Co). This collaboration is aimed at capturing opportunities in the original equipment manufacturer (OEM) business of electronic devices, including smartphones, in the Indian market.The execution involves two key documents: a Joint Venture Agreement (JVA) and a Shareholders' Agreement (SHA), building upon a term sheet previously shared by Dixon Technologies on December 15, 2024.A significant operational development is that VMI has received approval from the Government of India regarding the...

Encompass Design India Incorporates Subsidiary to Diversify into Pharmaceutical and NutraceuticalsEncompass Design India Limited has successfully incorporated The Longevity Plan Private Limited as a subsidiary, effective July 08, 2026. This strategic move is aimed at diversifying and expanding the current business operations of Encompass Design India Limited.The incorporation relates to the pharmaceutical and nutraceutical industry, providing the company with a new platform for growth. The Longevity Plan Private Limited was incorporated in India.Key operational and financial details regarding the subsidiary are as follows:AspectDetailsName of SubsidiaryThe Longevity Plan Private LimitedCountry of IncorporationIndia...

Shalibhadra Finance Limited Appoints Mrs. Megha Singh as Company Secretary and Compliance Officer The Board of Directors of Shalibhadra Finance Limited has approved the appointment of Mrs. Megha Singh to a key executive role within the company. The decision was taken during a board meeting held on July 9, 2026.Mrs. Megha Singh has been appointed as the Company Secretary cum Compliance Officer of Shalibhadra Finance Limited, effective from July 9, 2026. This appointment outlines a significant step in the company's governance structure.SAHLIBHFI Stock Price Movement Today, shares of Shalibhadra Finance Limited edged higher to close at ₹79.08 after gaining 3.24%. The stock traded within a daily range of ₹75.1 and ₹79.6, with 21,586...

Income Tax Department appeals ITAT ruling in case of Cummins India Ltd The Income Tax Department has initiated an appeal before the Bombay High Court against a favorable order granted by the Income Tax Appellate Tribunal (ITAT) to Cummins India Ltd. concerning adjustments related to its tax matters. The company confirmed that the appeal, filed by the Income Tax Department, is pending for admission in the Hon'ble Bombay High Court.The ITAT had previously ruled in favor of Cummins India Ltd., granting relief related to these adjustments amounting to INR 210.77 crores. The appeal challenges this decision by the tax department.Cummins India became aware of the appeals filed by the Income Tax Department on July 8, 2026. While formal...

Vijaya Diagnostic Centre Limited Appoints Narasimha Raju K A as Chief Financial Officer Vijaya Diagnostic Centre Limited has appointed Mr. Narasimha Raju K A as its Chief Financial Officer, effective July 09, 2026. The appointment comes in light of his extensive experience in finance, accounting, corporate governance, and strategic leadership across various sectors.The Board of Directors approved the appointment of Mr. Narasimha Raju K A to the role. Mr. Narasimha Raju holds a Chartered Accountant qualification and brings over 20 years of combined experience working in finance, accounting, and corporate strategy. His background includes a strong foundation in Big Four audit at S R Batliboi & Co, an affiliate of Ernst & Young.In...

Pace Digitek Subsidiary Seals Strategic MoUs with Onward Solar and Kalpa Power to Boost Domestic BESS Supply Pace Digitek Limited announced that its subsidiary, Lineage Power Private Limited (LPPL), has executed two strategic Memorandum of Understanding (MoU) agreements. The partnerships were formalized during the 12th India Energy Storage Week (IESW) 2026 at IICC in New Delhi. These MoUs establish a framework for collaboration aimed at strengthening the supply chain for domestically manufactured Battery Energy Storage Systems (BESS).The two agreements are with Onward Solar Power Private Limited and Kalpa Power Private Limited. Under these collaborations, LPPL will serve as a preferred BESS supply partner across future projects. The...

Bacil Pharma Board Approves Rights Issue of Up To ₹50 Crore and Share Capital Increase Bacil Pharma Ltd, during a meeting of its Board of Directors held on July 9, 2026, approved several significant corporate initiatives. The Board sanctioned a proposal for raising funds through a Rights Issue of equity shares and authorized an increase in the company's Authorized Share Capital.The board unanimously approved the plan to raise up to ₹50,00,00,000 (Rupees Fifty Crores Only) by way of a Rights Issue of equity shares. This issuance will be open to all eligible equity shareholders. The details regarding the Right Issue, including terms, issue price, rights entitlement ratio, and record date, are subject to determination by the Board of...

CONCOR partners with GAIL to establish LNG dispensing station at Ahmedabad depot Container Corporation of India Ltd. (CONCOR) and GAIL (India) Limited have signed a long-term agreement aimed at establishing a state-of-the-art Liquefied Natural Gas (LNG) dispensing station. The facility will be located at CONCOR's Inland Container Depot (ICD) in Khodiyar, Ahmedabad.This strategic partnership marks a significant step toward transitioning India's heavy-duty commercial logistics sector to sustainable fuel alternatives. Under the 15-year agreement, GAIL will manage the retail LNG outlet infrastructure, holding exclusive operational control.In return, CONCOR will provide the necessary support for the green corridor project. This includes...

Samvardhana Motherson Provides Corporate Guarantee for Subsidiary’s Term Facility Samvardhana Motherson International Limited has committed to providing a corporate guarantee in support of a significant term facility availed by its wholly owned subsidiary, Motherson Global Investments B.V.The agreement details the financial commitment between the entities and Sumitomo Mitsui Banking Corporation (the Bank). The Company is guaranteeing the Term Facility taken up by MGI B.V., an indirect wholly owned subsidiary of Samvardhana Motherson International Limited.According to the terms established, the Agreement was executed on July 09, 2026. The facility sanctioned by Sumitomo Mitsui Banking Corporation amounts up to EUR 60,000,000. As part...

Neuland Laboratories Reports on Sustainable Operations, Achieving High Waste Recovery Rates in FY 2025-26 Neuland Laboratories Limited has released its Business Responsibility and Sustainability Report for the financial year (FY) 2025-26, detailing its operational footprint, environmental commitments, and human resource management across its global operations. The report outlines the company’s dedication to responsible business conduct in alignment with sustainable development goals.Business Profile and Operations Footprint Neuland specializes in the manufacturing of Active Pharmaceutical Ingredients (APIs) and Custom Manufacturing Solutions (CMS). The company maintains a significant operational scale, reporting 4 plants and 1 office...

Seamec Limited's Vessel 'SAMUDRA PRABHA' Off Hired for Inspection SEAMEC LIMITED has reported that its vessel, SAMUDRA PRABHA, has been off-hired. The decision was made with effect from July 9, 2026, at 16:50 hrs.The move follows the operational status change of the vessel managed by Seamec Limited. SAMUDRA PRABHA was taken off-hire to undergo necessary inspections conducted by D G Shipping.SEAMECLTD Stock Price Movement Seamec Limited closed higher today, gaining 0.93% to settle at ₹1443.6 after trading successfully on the Services sector. The stock saw a daily high of ₹1465.9 and concluded its trading session with a volume of 15,096 shares.

Virinchi Limited Initiates Healthcare Restructuring, Acquiring Primary Care Division in Rs 100 Crores Deal Virinchi Limited has approved a significant transaction involving the acquisition of a key business division from its subsidiary, Virinchi Health Care Private Limited (VHCPL). The move is intended to restructure the company’s focus, enabling it to dedicate resources to building an AI-first healthcare platform while retaining specialized care capabilities.The deal encompasses the Primary and Secondary Healthcare Business Division operated under the 'Bristlecone Hospitals' brand. This acquisition involves a thorough transfer of all associated assets, liabilities, contracts, employees, and other rights related to the division...

Allcargo Global Acquires 25% Stake in Group Services Entity for Shared Cost Allocation Allcargo Global Ltd has acquired a 25 percent stake in Allcargo Group Services Private Limited (AGSPL), which was previously known as Allcargo Warehousing Management Private Limited. The acquisition, completed on July 8, 2026, makes AGSPL an associate company of the listed entity.The investment was made to ensure the efficient allocation of corporate and shared service costs across various entities within the group. The transaction ensures that AGSPL can function as a centralized centre of excellence and a dedicated shared services platform for all participating group members.Allcargo Global Ltd invested in two equity shares of the Target Entity...

Enser Communications: Promoter Rajnish Omprakash Sarna Acquires 1,55,000 Equity Shares Enser Communications Limited has reported that its Promoters have engaged in a transaction involving the acquisition of equity shares. Mr. Rajnish Omprakash Sarna, identified as a Promoter of the company, acquired 1,55,000 equity shares during the period spanning from June 03, 2026, to June 29, 2026.The transaction details include the acquisition of these shares for Rs. 25,09,000. This purchase was conducted on the open market.The shareholder holding details following this activity are as follows:MetricDetailSecurities Acquired1,55,000 Equity SharesTransaction ValueRs. 25,09,000Holding Prior to Acquisition3,63,75,000 SharesHolding...