Markets

Take Solutions Approves Key Board Decisions, Announces Postal Ballot Timeline and Scrutinizer Appointment The Board of Directors of Take Solutions Limited held a meeting on July 9, 2026, and approved several significant matters related to its corporate structure and upcoming shareholder activities. The board meeting commenced at 02:30 PM and concluded at 03:30 PM.During the meeting, the Board took resolutions on the regularisation of Mr. Sunil Kailash Patra (DIN: 11728362) as Managing Director of the company, pending approval from its members. Furthermore, the Board approved the Postal Ballot Notice required for obtaining shareholder consent through both a Postal Ballot process and remote E-voting.To ensure smooth execution of the...

Greaves Cotton Board Approves Subscription Entitlement in Subsidiary's Rights IssueThe Board of Directors of Greaves Cotton Limited has approved key resolutions related to the rights issue being conducted by its material subsidiary, Greaves Electric Mobility Limited. The decisions were made during a board meeting held on July 9, 2026.During the meeting, the company considered and sanctioned the subscription to equity shares proposed under the rights issue of Greaves Electric Mobility Limited. This approval extends up to the full extent of the Company's rights entitlement, aggregating an amount of approximately ₹331.12 crore.Furthermore, the Board authorized the Risk, Strategy and Investment Committee to handle any outstanding...

Punjab Chemicals Announces 50th Annual General Meeting and E-Voting DetailsPunjab Chemicals & Crop Protection Limited has announced details regarding its 50th Annual General Meeting (AGM), scheduled for July 31, 2026. The meeting will be conducted via Video Conferencing or other Audio Visual Means (VC/OAVM).The company has issued the Notice of the AGM and the Annual Report for the financial year 2025-26 in electronic mode to its registered members. These documents are also available for download on the official company website, www.punjabchemicals.com, as well as on the websites of BSE and NSE.The company has established a record date of July 17, 2026, to determine member eligibility for dividend payment purposes.<h2>E-Voting...

GPT Healthcare Limited Announces 37th AGM and Declares Final Dividend for FY2025-26 GPT Healthcare Limited has announced key details regarding its 37th Annual General Meeting (AGM) and specified the final dividend payable to its shareholders for the Financial Year (FY) 2025-26. The company also made public the various timelines associated with the dividend payment and electronic voting procedures.The AGM of GPT Healthcare Limited is scheduled to be held on Thursday, August 8, 2026, at 3:00 P.M. (IST). Members will participate in the meeting through Video Conferencing and Other Audio-Visual Means (VC/CAVM), with the registered office serving as the deemed venue for the event.The company also announced the final dividend for FY...

Lypsa Gems & Jewellery Limited Changes Name to AURUSGEM CORPORATION LIMITED; Symbol Altered to AURUS The company, formerly known as Lypsa Gems&Jewellery Limited, has successfully completed the process for a significant name and trading symbol change. The entity is now rebranding itself as AURUSGEM CORPORATION LIMITED with the new trading symbol AURUS.The transition reflects a formal approval received regarding the company's identity modification.Prior to the change, the company operated under the previous designation and listing parameters. A detailed comparison of the existing and new nomenclature is provided below:Existing NameNew NameExisting SymbolNew SymbolLypsa Gems&Jewellery LimitedAURUSGEM CORPORATION...

U. Hegde and Associates Assure Central Bank of India's Business Responsibility Report for FY 2025-26 Central Bank of India (CBI) has received a reasonable assurance opinion on its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The engagement was conducted by U. Hegde & Associates, as detailed in their report dated June 23, 2026.The assurance process covered the Identified Sustainability Information presented in the BRSR, which forms part of the Annual Report for the specified financial year.Scope and Assurance Opinion U. Hegde & Associates undertook a reasonable assurance engagement for CBI concerning the Core Indicators of sustainability. The report confirms that the Specified...

Raama Finance Board Approves Borrowing Limit Enhancement and Up to Rs 100 Crore NCD Issuance Raama Finance Ltd., formerly Ramchandra Leasing and Finance Limited, held a meeting of its Board of Directors on July 9, 2026. The Board considered and approved several significant corporate actions relating to financial scaling, asset management, and governance appointments.A key approval related to the company's borrowing capacity was the enhancement of borrowing limits up to an aggregate amount not exceeding Rs. 200 Crores (Rupees Two Hundred Crores only). This limit allows for the creation of charges on the movable and immovable properties of the Company. The Board authorized the creation of charges, mortgages, hypothecation, pledge, and...

Union Bank of India pays annual interest on bonds Union Bank of India has completed the payment of annual interest related to its bond issuance. The interest payment was made on July 09, 2026, covering an issue size of Rs. 1150 Crores.The interest payment is part of the bank's obligations regarding the relevant bonds. According to the details provided, the yearly interest payment amounted to Rs. 83,37,50,000/-.Key details concerning this interest payment are as follows:ParticularDetailIssue SizeRs. 1150 CroresInterest Amount PaidRs. 83,37,50,000/-FrequencyYearlyRecord Date for PaymentJune 24, 2026Due Date for Interest PaymentJuly 09, 2026Actual Date for Interest PaymentJuly 09, 2026Date of Last Interest...

Jagran Prakashan Ltd before NCLT as proceedings continue in two company petitions Jagran Prakashan Ltd (JPL) is actively involved in legal matters before the National Company Law Tribunal (NCLT), Allahabad Bench, regarding ongoing petitions. The Tribunal has heard arguments pertaining to several cases involving the company and has scheduled future hearings.The NCLT matter includes petitioners Mahendra Mohan Gupta and Ors. versus Devendra Mohan Gupta and Ors., C.P. No. 64 of 2023. This petition was listed before the Tribunal on June 1, 2026. During the proceedings, arguments were heard concerning Respondent Nos. 3, 9 and 10 in this case.A separate matter involves Shailendra Mohan Gupta and Ors. versus Jagran Media Network Investment...

Major Update: UN Security Council Amends ISIL & Al-Qaida Sanctions List; SEBI Instructs Market Intermediaries The global financial regulatory landscape received a significant update as the United Nations Security Council (UNSC) issued an amendment to its 1267(1999) sanctions list. This revision directly impacts financial compliance obligations for all regulated entities operating within the jurisdiction of India and internationally.The notification, designated SC/16407 and dated July 08, 2026, details changes concerning individuals and entities associated with ISIL (Da'esh) and Al-Qaida. These updates pertain to assets freeze, travel bans, and arms embargoes set out in Security Council resolution 2610 (2021).Regulatory Compliance...

Kothari Products Limited Completes Dematerialization of Physical Share CertificatesKothari Products Limited has confirmed that physical share certificates pertaining to its securities have been successfully processed for dematerialization. The confirmation details were provided by Alankit Assignments Ltd., the Registrar and Share Transfer Agent, regarding the quarter ending June 30, 2026.The process confirms that the equity shares of Kothari Products Limited, which were held in physical certificate form, have been converted into electronic securities.Key confirmations regarding the dematerialization status include:The securities associated with the certificates are listed on Stock Exchanges. The relevant certificates have been...

Federal Bank Achieves First-Ever Investment-Grade International Credit Rating from S&P Global Ratings Federal Bank Limited has secured its first international issuer credit rating from S&P Global Ratings, affirming its status among India's major private sector banks and unlocking access to global capital markets. The assignment provides the bank with an investment-grade long-term rating while highlighting its robust short-term creditworthiness.S&P Global Ratings assigned the long-term Issuer Credit Rating of 'BBB-' and the Short-Term Issuer Credit Rating of 'A-3' to The Federal Bank Limited. This historic milestone positions the Bank within a select group of Indian private sector institutions that meet investment-grade criteria...

Tata Consultancy Services Announces Interim Dividend Amid Strong Q1 FY2026 Results Tata Consultancy Services Limited (TCS) announced its interim financial results for the quarter ended June 30, 2026, and declared an interim dividend in a meeting of its Board of Directors held on July 9, 2026. The company also released audited standalone interim financial results covering the same period.During the board meeting, directors declared an interim dividend of INR 12 per Equity Share against the par value of INR 1 per share. The payment is scheduled for Friday, July 31, 2026, and the record date has been set as Wednesday, July 15, 2026.Financial Performance Highlights (Q1 FY2026) The interim financial results demonstrate strong performance...

Shikhar Consultants Ltd Appoints Pratik Upendra Lalwani as Company Secretary and Compliance OfficerShikhar Consultants Ltd has appointed Mr. Pratik Upendra Lalwani as its new Company Secretary and Compliance Officer following a Board meeting held on Thursday, July 09, 2026. The appointment is effective from June 28, 2026.Mr. Pratik Upendra Lalwani, an Associate Member of the Institute of Company Secretaries of India, has been appointed to oversee compliance and secretarial duties at the company.The Board meeting covered several key decisions, among which was this strategic appointment. Mr. Lalwani's background includes a Graduate Diploma in Management (Finance) and a Bachelor of Commerce degree. He possesses extensive knowledge...

Punjab Chemicals Reports Significant ESG Milestones Amid Global Operations Expansion Punjab Chemicals and Crop Protection Limited, a legacy entity since 1975, has released its Business Responsibility and Sustainability Report for the Financial Year 2025-26. The report outlines the company's extensive operational footprint, comprehensive employee welfare measures, and substantial commitment to environmental stewardship across its global operations.The corporation, which boasts registered offices in Mohali (Punjab) and a corporate office in Mumbai, is active on both domestic and international stages. Punjab Chemicals manufactures chemical products, including pharmaceuticals, medicinal chemicals, and botanical products, with over 100% of...

Regulatory Shift: Govt Exempts GIFT City Firms from DGMA Licence, Boosting International Shipping Freedom Ministry Decision Simplifies Leasing of Foreign Vessels The central government has taken a significant regulatory step by exempting firms based in the Gujarat International Finance Tec-City (GIFT) from obtaining a license from the Directorate General of Maritime Administration (DGMA). This decision pertains specifically to the leasing of foreign vessels.A gazette notification issued by the shipping ministry confirmed this exemption. The ministry stated that, pursuant to Section 37 of the Coastal Shipping Act, 2025, foreign vessels chartered by units established in GIFT, Gandhinagar, Gujarat, are now exempted from the licensing...

RBI Unveils Key Monetary Metrics: Reserve Money and Money Supply Figures Released for Fortnight Ending June 30, 2026 The Reserve Bank of India (RBI) has today released vital data concerning Reserve Money and Money Supply. These figures provide a detailed snapshot of monetary movements within the economy during the fortnight that concluded on June 30, 2026.This release is critical for stakeholders seeking to understand liquidity dynamics and the overall flow of money in the financial system. The RBI's commitment to timely disclosure ensures transparency regarding key indicators that measure economic health.Understanding Reserve Money Metrics The data encompasses a comprehensive look at Reserve Money movements for the specified...

Rupee Struggles Against Dollar as Geopolitical Fire Ignites Market Volatility Currency Dynamics and Foreign Exchange Movement The rupee appreciated slightly by 7 paise to close at 95.41 (provisional) against the US dollar on Thursday. This movement occurred despite pressure from a strengthening greenback and firming crude oil prices globally. The currency traded in a range between 95.58 and 95.28 during the day, having opened lower by 4 paise at 95.52.The rupee had seen a decline of 52 paise to close at 95.48 against the dollar on Wednesday. Analysts suggest that suspected intervention by the RBI provided necessary support to the local currency. This was compounded by dollar selling observed from state-run lenders in the market...

Mahan Industries Ltd Schedules Board Meeting to Discuss Fundraising Proposal Mahan Industries Limited has announced that a meeting of its Board of Directors is scheduled for Tuesday, July 14, 2026. The meeting will be held at the Company's Registered Office and is set to address key proposals related to augmenting the company's financial resources.The primary agenda item includes evaluating a proposal for raising funds through the issuance of equity Shares or Convertible Equity Warrants, or through any other method permissible by the Board. This initiative is subject to necessary regulatory and statutory approvals, including required shareholder approval.In addition to the fundraising evaluation, the board meeting will cover any...

Aqylon Nexus Board Approves Action Plan on Proposal of 51% Stake Sale Aqylon Nexus Ltd., formerly Sri Adhikari Brothers Television Network Limited, announced that its Board of Directors has addressed a proposal regarding the acquisition of a majority stake in the company. The directors authorized immediate steps to conduct valuation and due diligence concerning the proposed transaction.During a meeting held on Thursday, July 9, 2026, the Board acknowledged a proposal received from M/s E Trav Tech Limited. This proposal indicated an intention by E Trav Tech Limited to sell 51% or more of Aqylon Nexus’s paid-up share capital.In response to this potential transaction, the Board authorized one of its Directors to execute all necessary...