Markets

Marico Releases Business Responsibility and Sustainability Report for FY2025-26 Marico Ltd has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, which outlines the company's commitment to ESG integration across its operations and value chain. The report details progress towards Marico’s ESG 2030 Roadmap, emphasizing a shift from commitment-driven actions to outcome-oriented delivery with sharper accountability.The BRSR was independently assured by Bureau Veritas (India) Private Limited for the BRSR Core disclosures.Key ESG Performance Highlights Marico’s sustainability efforts are guided by eight strategic pillars: Climate change, Water Stewardship, Circular economy, Responsible...

Shailesh Vagerwal Assumes Charge as Chairman and Managing Director of Bharat Dynamics Limited Shri Shailesh Vagerwal has assumed charge as the Chairman and Managing Director (CMD) of Bharat Dynamics Limited (BDL). As a distinguished officer of the Indian Ordnance Factories Service (IOFS), Shri Vagerwal brings extensive experience from nearly three decades in the defence manufacturing sector.The appointment comes after he took charge on July 9, 2026. Shri Vagerwal holds a Bachelor of Engineering degree in Mechanical Engineering from MBM Engineering College, Jodhpur. He further holds a Master of Science degree in Explosive Ordnance Engineering from Cranfield University, United Kingdom.During his illustrious career within defence...

Equity Turmoil: Sensex and Nifty Pause Gains Amid Profit Booking and Geopolitical Jitters Indian Markets Show Mixed Performance Despite Early Rally Equity benchmarks Sensex and Nifty registered a mixed session on July 9 as profit booking weighed on gains achieved earlier in the day. While neither index experienced a downturn, the market activity reflected caution among investors following significant international developments.At approximately 12:43 pm, the Sensex stood at 76,926.10, recording a rise of 422.50 points or 0.55%. The Nifty mirrored this sentiment, trading at 24,022.10, which represented an advance of 140.05 points or 0.59%.In terms of stock movement within the indices, about 2,708 shares advanced while 1,000 shares...

Hexaware Stock Surges as Veteran Leader is Tapped to Drive AI Platform Transformation Hexaware Shares Rise on AI Strategy Pivot and Key Leadership Appointment Shares of Hexaware Technologies Ltd experienced a notable uptick in the afternoon trade, rising nearly 3 percent on Thursday. The surge followed the company's announcement regarding the appointment of veteran executive Srinivasan Panchapakesan as President and Chief Platform Officer. This newly established role is central to strengthening Hexaware’s strategic focus on its AI-led platform capabilities.The stock was trading at Rs 536.15, marking a gain of 2.66 percent for the day. Despite this positive movement, the company continues to trade down in the year, currently sitting...

Artemis Medicare Services Launches 300-Bed Multi-Specialty Tertiary Hospital in Raipur Artemis Medicare Services Limited has commenced operations for its new facility, Artemis Shanti Hospital, effective July 9, 2026. This launch fulfills the commitment stemming from an earlier intimation regarding entering a Long Term Operations & Management and Medical Services Agreement to operate and manage a hospital in Raipur, Chhattisgarh.Artemis Shanti Hospital is designed as a modern multi-speciality healthcare destination focused on providing advanced medical expertise, compassionate care, and world-class infrastructure to the people of Chhattisgarh. This move reinforces Artemis's vision for creating a geographically diversified healthcare...

Large & Mid-Cap Stocks Show Massive Value Play Amid Earnings Outperformance Gap Large and mid-cap funds are emerging as a compelling investment frontier, according to an internal study by Abakkus Mutual Fund. The research points toward improving corporate fundamentals and attractive valuations as key drivers for long-term investing in these segments. This shift suggests that the market may be mispricing robust earnings growth across specific company sizes.Mispricing Opportunity Revealed Across Large and Mid-Cap Segments The study found significant evidence of undervaluation within the large and mid-cap universe. Nearly 59 per cent of stocks in this segment are currently trading more than 20 per cent below their all-time highs...

JK Tyre Plans Up To 13% Price Hike as Input Costs Surge Amid Global Geopolitical Tensions Indian tyre manufacturer JK Tyre & Industries has announced plans for a significant product price increase, expecting to raise prices by 11%-13% by the end of the first half of fiscal 2027. This move reflects mounting pressure across the auto-parts sector, forcing companies to pass rising input and operating costs onto consumers.The planned hikes come after a rally in oil prices, heavily influenced by ongoing tensions and instability in West Asia. JK Tyre is joining major industry rivals who are also implementing price corrections to offset their higher expenses.Cost Escalation Driven by Global Tensions Sanjeev Aggarwal, the CFO of JK Tyre...

Borosil Renewables Stock Jumps as Strategic Investment Talks Ignite Market Interest Shares of Borosil Renewables experienced a significant surge on Thursday after reports surfaced regarding preliminary strategic investment talks involving the company. The stock price rocketed in response to these developments, reflecting heightened investor interest in the renewable energy sector.The company's shares rose sharply, trading up by as much as 10.34% and reaching Rs 656.10 on the National Stock Exchange (NSE). This strong performance was attributed entirely to the news of potential strategic engagement.Details of Strategic Investment Talks According to reports sourced from CNBC-TV18, Borosil Renewables is engaged in exploratory...

RBI Auction Stabilizes Money Market as VRR Rate Reaches 5.26% on Overnight Repo The Reserve Bank of India (RBI) conducted the Overnight Variable Rate Repo (VRR) auction for the 1-day tenor on July 09, 2026. This auction is crucial for managing liquidity and signaling the RBI's stance toward the short-term money market in India.Key Outcomes of the VRR AuctionThe total notified amount for the 1-day VRR auction was set at ₹ 50,000 crore. Bidders responded strongly to the opportunity, submitting a cumulative bid value of ₹ 46,729 crore. Given the high demand, the RBI decided to allot the entire available bids, allocating an amount equal to the total bids received at ₹ 46,729 crore.Analysis of Cut-Off and Weighted Average RatesThe...

Acquirers Announce Open Offer for Noble Polymers Ltd., Targeting 26% Stake at ₹5 Per Share Kunvarji Finstock Private Limited, acting as the Manager to the Offer, has announced an Open Offer by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (collectively referred to as "Acquirers") for Noble Polymers Ltd. The offer targets up to 22,76,406 Equity Shares of the company, representing 26.00% of its Emerging Voting Share Capital.The Open Offer is being conducted at an Offer Price of ₹5 per Equity Share, payable in cash, and no revision has been made to the price. This announcement provides a corrigendum to the Detailed Public Statement (DPS) and the Letter of Offer (LoF), which was initially issued on July 3, 2026.Key Dates and...

Leading North American Logistics Firm Taps Datamatics for Enterprise Salesforce CRM Implementation Mumbai: Datamatics, a global digital technologies company, has been selected by a major North American transportation and logistics provider to implement Salesforce Cloud. The engagement aims to enhance Customer Relationship Management (CRM) effectiveness and improve customer experience across the client's diverse transportation and logistics operations.The client, which handles high volumes of interactions within its vast network, is implementing Salesforce to establish a scalable platform capable of managing opportunities, service interactions, and customer relationships more effectively.As part of the engagement, Datamatics will...

Insolation Subsidiary Secures ₹558.29 Crore Contract from NTPC for Solar PV Module Supply Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, has secured a significant contract amounting to ₹ 558.29 Crores. The order was awarded by NTPC Renewable Energy Limited, the wholly owned subsidiary of NTPC Limited, for the supply of Solar PV Modules.The domestic contract encompasses the provision of these crucial components, with the agreement set for execution within the financial year 2026-27.This substantial deal underscores the capacity and market standing of Insolation's Green Energy division in the renewable energy sector. The contract involves a direct supply transaction between the two...

Saboo's Subsidiary Secures Land Conversion for Luxury Resort Project in Udaipur Saboo Sodium Chloro Limited, through its wholly-owned subsidiary Samskara Resorts Private Limited, has secured a significant regulatory milestone for its proposed hospitality venture. The Udaipur Development Authority, Rajasthan, has issued the land conversion order concerning a parcel of land owned by the company, which measures approximately 23,310 square metres, allowing it to be utilized as a tourism unit.This development is centered in Udaipur and holds strategic importance due to its proximity to Maharana Pratap Airport (UDR) and Taj Lalit Bagh, offering scenic views of the Aravallis. The land conversion order paves the way for the Samskara Udaipur...

Premier Energies Inaugurates Next-Generation Solar Module Facility, Reaches 11.1 GW Capacity Premier Energies Limited has inaugurated its new solar module manufacturing facility in Seetharampur, Rangareddy, Telangana, substantially boosting its market reach and strengthening its position as an integrated solar manufacturer. The company also performed groundbreaking ceremonies for two major expansion projects: a Battery Energy Storage System (BESS) facility and an aluminium frames facility.The new 5.6 GW solar module manufacturing unit at the Seetharampur campus is a key addition to Premier Energies' production capacity. This state of the art plant includes advanced G12R TOPCon module manufacturing lines, designated as India’s first...

Chatha Foods JV Facility Achieves Operational Readiness, Targets Phased Scale-Up in July 2026 Chatha Foods Ltd has announced that the manufacturing facility of its joint venture, Allana CF Foods Private Limited (a partnership between Chatha Foods Ltd and Frigorifico Allana Private Limited), has achieved operational readiness. The update follows previous communications regarding the progress of the venture.The company confirmed that the facility successfully completed all necessary pre-operational requirements. These milestones include equipment installation and commissioning, trial manufacturing, process validation, and fulfilling applicable regulatory and operational prerequisites essential for commencing operations.While the...

Nikita Greentech Recycling Halts Paper Unit Production Line for Capacity ExpansionNikita Greentech Recycling Limited (formerly Nikita Papers Limited) has announced the temporary shutdown of its Paper Unit (PM-I) production line at its manufacturing facility in Shamli, Uttar Pradesh. The halt is scheduled to facilitate significant upgrades and expansion activities aimed at improving operational efficiency and increasing production capacity.The Paper Unit (PM-I) will be temporarily shut down starting July 15, 2026. This planned shutdown is necessary for the installation, integration, upgradation, modification, and commissioning of new machinery and related equipment within the existing production line.Management estimates that the...

Nikita Greentech Recycling Shuts Down Paper Unit for Capacity Expansion and New Machinery Integration NIKITA GREENTECH RECYCLING LIMITED has announced the temporary shutdown of its Paper Unit PM-I to facilitate a major capacity expansion project. The shutdown is necessary for the installation, integration, upgradation, expansion, modification, and commissioning of new machinery and related equipment at the manufacturing facility located in Shamli, Uttar Pradesh.The production line closure is scheduled to begin on July 15, 2026. The company estimates that the temporary shutdown period will last approximately three months, with operations expected to resume by October 2026, pending successful completion of all installation and...

Garlon Polyfab Industries Releases Financial Results for Q Ended March 31, 2025; Audit Confirms Unmodified Opinion Garlon Polyfab Industries Limited has published its Audited Financial Results and associated reports for the Quarter ended March 31, 2025. The company's Board of Directors considered and approved these results during a meeting held on May 29, 2025.The financial statements were audited by M/s D.C. Shukla & Co., Statutory Auditors. The audit reports confirm an unmodified opinion regarding the Standalone Financial Results for the period ended March 31, 2025. The company also provided results for the unaudited standalone financials of the subsequent quarter ending March 31, 2025.Financial Snapshot and Balance Sheet...

Interarch Building Solutions Commences Phase-1 Production at Gujarat Facility, Boosting Capacity by 20,000 MT Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, has successfully commenced commercial production of Phase-1 at its new manufacturing facility in Kheda, Gujarat. This operational milestone was achieved with effect from July 9, 2026. The commissioning significantly enhances the company's total installed manufacturing capacity.The addition of the new facility underscores Interarch Building Solutions' ongoing expansion strategy. Following this capacity enhancement, the company’s total installed manufacturing capability has increased from 201,000 MT to 221,000 MT as of July 9, 2026...

Garlon Polyfab Industries Ltd Approves Financial Results for Quarter Ended March 31, 2025 Garlon Polyfab Industries Limited announced that its Board of Directors reviewed and approved the audited financial results for the quarter ended March 31, 2025. The company’s statutory auditors issued an audit report on these results, affirming their compliance with applicable regulations.The Board meeting considered and approved the Audited Financial results of the Company for the Quarter/Period ended March 31, 2025, taking record of the Audit Report issued by M/s D.C. Shukla & Co., the Statutory Auditors.Auditor's Opinion on Results M/s D.C. Shukla & Co. confirmed that the financial presentation for the quarter complied with the requirements...