Markets

Sagility Limited Establishes ESOP Trust for Employee Stock Options Scheme Sagility Limited has established the "Sagility ESOP Trust" to administer and implement its internal employee compensation program, the 'Sagility Limited -Employee Stock Options and Performance Stock Units Scheme 2026' (ESOS 2026). This move creates an irrevocable entity dedicated to the welfare and incentives of its employees.The trust was established with Qapita EquityTech Limited, formerly known as KP Corporate Solutions Limited, serving as one of the trustees. Sagility Limited acted as the Settlor in the arrangement.The transaction included an initial settlement where the Settlor handed over a corpus of Rs. 1,00,000 to the Trustees. This amount was accepted...

Brahmaputra Infrastructure Limited secures L1 status for ₹ 137.60 crore EPC contract on Kokrajhar-Gelephu rail corridor Brahmaputra Infrastructure Limited (BIL), in a joint venture with HBMCPL, has emerged as the Lowest Bidder (L-1) for a major railway construction tender awarded by Northeast Frontier Railway Construction (NFR-CONST). The contract covers the initial phase of work on the strategic Kokrajhar-Gelephu cross-border rail line.The net offer value for the package stands at approximately ₹ 137.60 crore. BIL, through this joint venture, has secured the first construction package for this corridor.Scope and Project Details The contract involves executing various civil and railway engineering works on a Hybrid-EPC mode. The...

Choice International and NH Investment & Securities Announce Strategic Partnership Through ₹9000 Million Investment in Choice Equity BrokingMumbai, July 09, 2026: Choice International Limited, a leading diversified financial services group in India, has formed a strategic partnership with NH Investment & Securities Co., Ltd. (NHIS), a major South Korean financial institution and subsidiary of NH Financial Group. The deal involves an investment totaling ₹9000 Million through the issuance of Compulsorily Convertible Preference Shares (CCPS) by Choice Equity Broking Private Limited (CEBPL), the broking and wealth management arm of Choice International, to NHIS.This strategic capital infusion represents a major milestone for CEBPL...

TARC Limited Announces Appointment of Senior Management Personnel TARC Limited has approved the appointment of key executives to its senior management team following a Board of Directors resolution passed on July 9, 2026. The company announced the appointments in conjunction with changes in reporting structure, designating these individuals as Senior Management Personnel.The board decisions saw Mr. Mridul Srivastava appointed as Chief Human Resources Officer (CHRO), and Mr. Ankush Kaul designated as Chief Business Officer (CBO). Mr. Ajay Gupta was also approved for the position of Chief Development Officer (CDO).Mr. Srivastava's appointment took effect on July 9, 2026. Mr. Kaul’s appointment is effective from July 9, 2026. Mr. Gupta...

Bajel Projects Limited Recommends Final Dividend of ₹0.60 Per Share, Details Tax Deduction at Source (TDS) Requirements Bajel Projects Limited announced the recommendation of a final dividend for its shareholders following a Board meeting held on May 27, 2026. The company has issued comprehensive guidelines regarding the tax deduction at source (TDS) applicable to all stakeholders concerning the distribution of this dividend.The Board of Directors recommended a final dividend amounting to ₹0.60 per equity share, which carries a face value of ₹2/- each for the financial year ended March 31, 2026. This proposed dividend is subject to ratification by shareholders at the forthcoming 4th Annual General Meeting (AGM).The company has...

BLS International Services completes 100% acquisition of Japan-based Visa Outsourcing entity BLS International Services has completed the subscription and acquisition of a Japanese company, solidifying its presence in the visa outsourcing industry through a subsidiary purchase. The entity acquired is BLS International Services Japan Co. Ltd. (BLS Japan).The transaction involves BLS International FZE, a wholly owned subsidiary of BLS International Services Ltd., which has attained 100% share capital subscription in BLS Japan. This move positions the company to expand its services within the region.The newly acquired entity specializes in the Visa Outsourcing Industry and offers a comprehensive range of services. These include visa...

Grand Foundry Limited Reconstitutes Board and Key Management Post-Acquisition by SAR Televenture Limited Grand Foundry Limited announced significant changes to its board of directors and key managerial personnel, effective July 9, 2026, following the successful completion of an Open Offer that resulted in the acquisition of control and management of the company by SAR Televenture Limited. The Board meeting approved multiple appointments and noted several senior resignations as part of the corporate transition.The changes include the appointment of four new directors and a Chief Financial Officer (CFO), alongside five executive departures. These decisions mark the reconstitution of the company's leadership in response to the change in...

Oberoi Realty Clarifies Court Order Regarding 'Three Sixty North' Project, Outlines Allotment Constraints Oberoi Realty Limited has addressed media reports suggesting that the Punjab and Haryana High Court had restrained the company from making fresh allotments in its premium project, 'Three Sixty North,' located on Golf Course Extension Road, Sector 58, Gurugram. The company issued a clarification regarding the court's directions following an order passed by the Hon'ble Punjab and Haryana High Court on July 7, 2026.The ruling stemmed from a Writ Petition filed by Advance India Projects Limited versus Director, Department of Town and Country Planning Haryana and others. The court order specifies clear directives related to the...

Choice International Shares Surge 8% as South Korean Giant NH Investment Pours Rs 900 Cr into Broking Arm Choice International Ltd. saw a significant market boost on July 9, with its shares trading 8% higher at Rs 829 apiece following the announcement of a major strategic investment. The news stemmed from agreements signed between Choice Equity Broking Pvt. Ltd., Choice International’s material subsidiary, and NH Investment & Securities Co. Ltd., a prominent South Korea-based securities firm.The South Korean financial institution has committed to subscribe to over 4.2 million compulsorily convertible preference shares (CCPS) of Choice Equity for a total consideration amounting to Rs 899 crore. This infusion is earmarked as growth...

LTM Recognized as Global Leader in ISG Provider Lens Snowflake Ecosystem Partners 2026 Mumbai, India - LTM has been recognized as a Global Leader in the ISG Provider Lens Snowflake Ecosystem Partners 2026 report. The recognition is for two key strategic service categories: Modernization and AI/ML Enablement Services, and Managed Data and Optimization Services.The designation underscores LTM's capability to assist enterprises with data modernization, large-scale operationalization of AI, and the optimization of Snowflake environments. This achievement highlights LTM's strength in delivering end-to-end Snowflake capabilities that accelerate business value across data modernization, governance, observability, AI enablement, and...

SBI Mutual Fund Aims to Transform 530 Million Customers into Investors, Vowing Nationwide Financial Inclusion Expanding Retail Participation: The Core Growth Priority For decades, State Bank of India (SBI) has been a pillar of the nation's banking infrastructure. With approximately 530 million banking customers under its belt, SBI Mutual Fund (SMF) is now focused on a monumental shift: transitioning these vast banking relationships into active investment portfolios. Currently, only about 5.5 million unique mutual fund investors represent around 1% of the total customer base.The leadership at SMF views this as an inflection point—a critical moment to accelerate India's transition from a savings-led economy to one driven by serious...

Record Seafood Exports Boost Blue Economy as India Unlocks Vast Potential of High Seas Fisheries The Department of Fisheries, Government of India, successfully hosted the National Launch of the Letter of Authorisation (LoA) for Sustainable Harnessing of Fisheries in the High Seas on July 9, 2026. The event saw Hon'ble Vice President Shri C. P. Radhakrishnan launch the critical LoA and the Odisha Deep Sea Mission Document in Bhubaneswar. This initiative marks a significant transition for India’s marine sector, promising to unlock vast economic potential through regulated high-seas fishing operations.The launch, attended by Union Ministers including Shri Rajiv Ranjan Singh and Dharmendra Pradhan, along with Hon'ble Governor of Odisha...

BirlaNu Announces 79th AGM and Declares Final Dividend on Record Date of July 30, 2026 BirlaNu Limited announced that its 79th Annual General Meeting (AGM) will be held on August 6, 2026. Furthermore, the company specified key details regarding the final dividend for the financial year ended March 31, 2026, including the record date and payment timeline.The AGM is scheduled to take place on Thursday, August 6, 2026, at 3:00 PM IST. Shareholders will be able to attend via Video Conferencing (VC) or other Audio Visual Means (OAVM).Regarding the financial payout, the Board of Directors approved a final dividend of Rs. 15/- per equity share for the financial year ended March 31, 2026. This amount represents 150% of the face value of Rs...

SBI Funds Management IPO to Surge on July 21: Explore Massive Gains for Promoters in OFS Listing SBI Funds Management Ltd is poised for a significant market debut as it sets to list its shares on stock exchanges on July 21. The offering, valued at Rs 11,692.91-crore, is entirely structured as an Offer for Sale (OFS). This IPO provides a prime opportunity for the existing stakeholders and promoters of the mutual fund entity.IPO Details and Timeline Breakdown The initial public offering has fixed a price band ranging from Rs 545 to Rs 574 per share. The OFS involves both Promoters, State Bank of India (SBI) and Amundi India Holding, who will collectively offload a 10 percent stake in the entity.Amundi confirmed that up to 6.3% of...

Leela Unveils The Leela Coorg Forest Sanctuary: A New Expression of True Indian Luxury Leela Palaces, Hotels and Resorts, India's leading pure-play luxury hospitality brand, has unveiled its newly reimagined property in Coorg as The Leela Coorg Forest Sanctuary. This new identity positions the retreat as a destination deeply rooted in the spirit of the Western Ghats, blending ancient forest settings with transformative wellbeing and authentic Indian hospitality.The sanctuary is situated amidst 76 acres of pristine natural landscape, featuring ancient forests and coffee plantations. Reflecting The Leela’s commitment to place-based experiences, the property was designed in harmony with its environment, drawing inspiration from Kodava...

CEBPL Issues CCPS to NH Investment Co for Strategic Capital Infusion Worth ₹899 Crores A material subsidiary of Choice International Limited, Choice Equity Broking Private Limited (CEBPL), has entered into a strategic investment deal involving the issuance of Compulsorily Convertible Preference Shares (CCPS) to NH Investment & Securities Co., Ltd. The infusion of capital is intended to strengthen CEBPL's financial position and support its ongoing growth plans in the broking and distribution business.The agreement was signed on July 09, 2026, between Choice International Limited, CEBPL, and the Investor, NH Investment & Securities Co., Ltd. The deal involves offering and allotting 42,25,350 CCPS to the Investor at a subscription price...

Rbm Infracon Limited Shifts Corporate Office in Jamnagar Rbm Infracon Limited has completed the shift of its corporate office. The company confirmed that the move is effective immediately following the decision made by the Board of Directors on Thursday, July 09, 2026.The change pertains exclusively to the Company's Corporate Office address. Rbm Infracon Limited clarified that the Registered Office of the company remains at its existing location as recorded with the Registrar of Companies.Details regarding the relocation are as follows:CategoryAddress DetailsPrevious Corporate OfficeShop No. 2 & 3, Snehdeep Residency, Near Di Jamnagar, Gujarat - 361006, India.New Corporate Office1st Floor, Ravi Plaza, Nilkanth Park...

BPL Limited's Matter Before NCLT Dismissed; Company Reports No Financial Impact BPL Limited has received a favorable ruling following the National Company Law Tribunal (NCLT) dismissal of an application filed by an unsecured creditor. The resolution pertains to a payment obligation stemming from an order previously obtained by another unsecured creditor from the Supreme Court of India.The legal action, which originated with Morgan Securities Private Limited, involved an application submitted under sections 7 and 9 of the IBC to the NCLT in Kochi. BPL Limited confirmed that the matter was dismissed on July 8, 2026.The original dispute concerned a payment required toward an order issued by an unsecured creditor from the division bench...

Birla Corporation Sets Record Dates for Dividend Payout and Annual General Meeting Birla Corporation Limited has announced key dates related to dividend eligibility and voting rights ahead of its upcoming Annual General Meeting (AGM). The company designated July 24, 2026, as the Record Date for shareholders eligible to receive a dividend for the financial year 2025-26.The Ordinary Shares (Scrip Code: 500335; Symbol: BIRLACORPN) with a Paid-up Value of ₹10/- each are linked to this event. The company stated that a dividend of ₹12.50 per share, representing 125%, is planned for these shareholders, subject to approval by the Members at the AGM.The Annual General Meeting has been scheduled for August 1, 2026. To determine which members...

Galaxy Surfactants Set July 31, 2026 As Record Date For Potential FY2025-26 Dividend Galaxy Surfactants Limited has announced the record date for the final dividend pertaining to the financial year 2025-26. The company stated that should the dividend be approved at its upcoming Annual General Meeting (AGM), employees and shareholders holding stock as of the specified date will be eligible.The record date for the purpose of payment of the final dividend for FY 2025-26 has been set as Friday, July 31, 2026.This announcement comes ahead of the scheduled AGM, during which the dividend is expected to be discussed and potentially ratified. The 40th AGM of Galaxy Surfactants Limited is slated to be held on Wednesday, August 12, 2026...