Markets

RBI Launches Massive Underwriting Auction for ₹32,000 Crore in Government Securities on July 10 The Reserve Bank of India (RBI) has announced a significant underwriting auction aimed at the sale and re-issue of various Government Securities (GS). Scheduled for Friday, July 10, 2026, this auction is set to mobilize market commitment commitments totaling ₹32,000 crore across two specific security tranches.The issuance underscores the RBI’s continued role in managing government debt and ensuring stability in the financial markets. Primary Dealers (PDs) are required to participate under established underwriting commitment schemes detailed by the central bank.Auction Details and Commitment Mechanisms In alignment with the existing scheme...

MAS Financial Services Ltd Allots INR 250 Crore Worth of Senior Secured Debentures in Private Placement MAS Financial Services Limited has successfully allotted 25,000 rated debentures through a private placement. The securities, which are senior and secured, have an aggregate nominal value of INR 250,00,00,000 (Indian Rupees Two Hundred and Fifty Crore).The allotment, finalized by the company's Finance Committee on July 9, 2026, relates to non-convertible debentures denominated in Indian Rupees. These instruments carry a face value of INR 1,00,000 each. The debentures are designated for listing on the Wholesale Debt Market segment of BSE Limited.The debt instrument received a rating of "CARE AA-/Stable" from CARE Ratings Limited...

Tata Capital Announces Board Meeting to Approve Q1 Financial Results; Trading Window Closed Tata Capital Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The board meeting is set to take place on Tuesday, July 28, 2026.The company also provided an update regarding insider trading procedures, announcing that the trading window for its securities has been closed for Designated Persons and their Related Persons. This closure commenced on Tuesday, June 23, 2026.The trading restriction will remain in effect until 48 hours following the declaration of the financial results. The Board meeting is scheduled...

Great Eastern Shipping Company Leaders in Decarbonization with Fleet Efficiency Initiatives Great Eastern Shipping Company Limited, a player in the marine transport sector, has showcased significant operational improvements in sustainability during the financial year 2025-26. The company demonstrated its commitment to environmental stewardship through aggressive decarbonization strategies and advanced fleet modernization projects while maintaining robust international operations.The shipping firm specializes in the transportation and storage of goods by water transport. Its core business activity, accounting for 82.78% of turnover, is focused on shipping services. Great Eastern serves both national and international markets, with...

HEC Infra Projects Limited Wins Rs 18.67 Crore Order for FGD System EPC Work HEC Infra Projects Limited has secured a contract valued at Rs 18.67 crores from M/S Engineering Projects (India) Limited. The order involves comprehensive work covering the Design, engineering, supply, erection, testing, and commissioning of an HT/LT package in EPC mode.The project relates to the supply and installation, testing, and commissioning of a Flue Gas Desulfurization (FGD) system for a 1*500 MW unit at 6 Ukai TPS. The contract is domestic, confirming HEC Infra's involvement in critical power infrastructure development.This project has been awarded a timeline of 10 months for execution.Project and Contract Details The details of the award...

Coforge Launches SecureEdge2Cloud: An AI-Powered Zero Trust Offering Built on Zscaler Platform Coforge Limited, an AI-native engineering services leader, has announced the launch of SecureEdge2Cloud. This next-generation offering is an AI-powered, Zero Trust security solution built upon the Zscaler Zero Trust Exchange™ platform, designed to help organizations accelerate digital transformation and strengthen cyber resilience.The launch comes as part of Coforge's inclusion in the next phase of Zscaler's Project AI-Guardian, expanding collaboration within the Zscaler Zero Trust Exchange platform and its broader AI security portfolio.Addressing Modern Enterprise Security Challenges Today’s enterprises operate in complex digital...

Infra Sector Surge: Is Laser Power IPO Set for Mega Listing After Low Day Subscription? The Kolkata-based power transmission equipment manufacturer, Laser Power & Infra, launched its Initial Public Offering on July 9, 2026. The issue comes with a price band set between ₹203 and ₹214 per share. This offering aims to raise substantial capital through a fresh issue of 2.53 crore shares worth ₹542 crore, complemented by an Offer For Sale (OFS) component totaling ₹200 crore from promoter shareholders.As of the morning trading on NSE, the IPO registered an overall subscription rate of 2%. This figure reflects bids received for 4,87,900 shares against a total offer volume of 25,586,207 shares. Retail individual investors (RIIs) led demand in...

Mini Diamonds India Ltd Approves Issuance of Up To 1.11 Crore Warrants to Promoter Group Mini Diamonds India Ltd has approved the issuance of up to 1,11,00,000 Convertible Warrants through a preferential allotment. The warrants are designated for cash consideration and will be allotted to individuals belonging to the Promoter(s)/Promoter Group.The proposed warrant issue aggregates up to INR 8,88,00,000/- (Indian Rupees Eight Crore and Eighty Eight Lakhs Only). Each warrant is set at an Issue Price of INR 8/-, which includes a premium of INR 6/. These warrants are convertible into one fully paid-up equity share, having a face value of INR 2/-. The tenure for the Warrants has been set for no more than 18 months from the date of...

Om Power Transmission Secures Rs 82.17 Crore Contract for Under Ground Cable Network Conversion Om Power Transmission Limited has secured a significant project win, receiving a Letter of Acceptance (LOA) from Paschim Gujarat Vij Company Limited. The contract involves the turnkey conversion of existing high tension (HT) and low tension (LT) line networks into an underground cable system with a Ring Main System at Kaliabid Subdivision (Part-2) of Bhavnagar Circle.The total value of the contract stands at Rs 82.17 Crores, which includes GST. The project is described as a turnkey contract covering the conversion of the existing network, along with Consumer Service Lines, to underground cable infrastructure.This opportunity was awarded...

Gold and Silver Prices Slip as Dollar Strengthens; Market Awaits Crucial Fed Rate Signals Bullion prices registered a decline in early morning trading on July 9, driven by a firmer US dollar that weighed heavily on precious metals across global markets. Both gold and silver futures extended recent losses as investors digested key economic indicators while anticipating the next Federal Reserve policy statement.Global and Domestic Market Movements Globally, spot gold fell 0.36 percent, settling at $4,063.21 per ounce during morning trade. Spot silver mirrored this trend, declining by 0.93 percent to reach $57.78 per ounce in the international market.Domestically, commodity traders observed slight dips in futures contracts. MCX gold...

Tata Teleservices Penalized Rs 50,000 by BMC for Utility Chamber Maintenance in Mumbai Tata Teleservices (Maharashtra) Limited has been subject to a penalty imposed by the Brihanmumbai Municipal Corporation (BMC) concerning the maintenance of utility chambers located on municipal roads. The action resulted in an imposition of Rs 50,000/- following notification received by the company.The BMC issued the penalty order regarding the non-maintenance of the utility chamber. Tata Teleservices is currently examining the correctness of the penalty demanded by the corporation.Key details surrounding the imposed penalty are summarized below:ParticularsDetailsAuthority Imposing PenaltyBrihanmumbai Municipal Corporation (BMC)Penalty...

Piramal Pharma’s US Facility Receives Successful Closure of FDA Inspection Piramal Pharma Ltd has announced that its manufacturing facility located in Sellersville, USA, has successfully closed the inspection process conducted by the U.S. Food and Drug Administration (US FDA).The company confirmed that the US FDA issued an Establishment Inspection Report (EIR) for the specific manufacturing site. The successful conclusion of the inspection marks a key operational achievement for Piramal Pharma’s overseas operations.PPLPHARMA Stock Price Movement As shares of Piramal Pharma Limited edge higher in live trading, the stock stands at ₹174.60, up 3.86% by 11:11 AM. The company sees robust activity as over 5.08 million shares are traded...

Australia and India Deepen Energy Ties to Secure Supply Chains Amid Global Instability Australia and India reaffirmed their strategic commitment to strengthening energy security in a joint statement, focusing on resilience against global market disruptions. The partnership emphasizes open markets and rules-based trade as foundational pillars for mutual prosperity and economic stability across the Indo-Pacific region.Strengthening Bilateral Trade and Investment Flows The two nations recognized shared concerns regarding the Middle East situation and its impact on energy resources and commodity supply chains. To counteract these disruptions, Australia and India are jointly advancing bilateral energy trade through the Economic Cooperation...

Momentum Stocks Surge: Shankara Buildpro, Radhika Jewel Explode as Technical Breakouts Ignite Select Rally In a market environment lacking strong fresh sector-wide triggers, specific momentum stocks witnessed significant gains on July 9th. These movements were driven purely by technical strength and sustained buying interest, underscoring the power of stock-specific breakouts in the current climate.High Momentum Stocks Impress with Double-Digit Gains Shankara Buildpro exhibited powerful upward momentum, jumping 10.5 percent to trade at ₹1,175.40. This move places the stock comfortably above its critical short-term indicators, specifically the 30-day SMA of ₹1,063.65 and the 50-day SMA of ₹1,080.81, signaling robust near-term strength...

PSP Projects Ltd Announces Board Meeting to Review Q1 Financial Results and Sets Insider Trading Window Dates PSP Projects Ltd has scheduled a meeting of its Board of Directors to review the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company also communicated the timing for the closure and reopening of its trading window for designated persons.The Board Meeting is set to take place on Thursday, July 30, 2026, at the company's Registered Office. During the meeting, directors are expected to consider and approve the financial results and address any other matters with the permission of the Chair.A key operational update concerns the closure of the trading window for designated...

Critical Tech Titans: Australia and India Elevate Partnership in PACTS to Fortify Global Supply Chains Australia and India have formalized a significant strategic advancement with the launch of the Australia-India Partnership on Cyber, Critical Technologies and Supply Chains (PACTS). This new initiative succeeds and elevates the previous 2020 Framework, cementing an enduring relationship built on two decades of collaborative research and operational coordination. The PACTS underscores a shared commitment to securing national and regional stability in an increasingly complex geopolitical landscape.Elevating Bilateral Ties: The Genesis of PACTS The partnership recognizes that global supply chains, critical technology development, and...

Kusumgar IPO Surges Past 5x Subscription, Driven by Robust Demand and Global Fabric Market Outlook Kusumgar Limited’s Rs 650-crore initial public offering continues to attract substantial investor attention on its second day of bidding. As of the morning of July 9, the issue was subscribed 5.3 times, marking a strong increase from the 3.45 times recorded on the first day. The IPO, which opened on July 8 and closes on July 10, is testing investor appetite for the specialized manufacturing firm.IPO Demand Hits Multi-day High as Retailers Surge Interest The public issue received bids for 6.08 crore shares against 1.14 crore shares across all categories, highlighting focused demand from retail investors. Non-institutional and retail...

Solex Energy Lands Major Work Order Worth ₹628.37 Crore for Solar PV Modules Solex Energy Limited has secured a significant work order from a renowned Independent Power Producer, marking a substantial win in the renewable energy sector. The contract involves the manufacturing and supply of N-Type TOPCon 615 Wp/620 Wp Glass-to-Glass (G12R) Solar PV Modules.The total value of the work order is ₹ 628.37 crore, inclusive of all applicable duties and taxes. This contract positions Solex Energy to supply specialized solar modules for a period spanning October 2026 through March 2027.As detailed in the transaction information, the client awarding the order is a domestic entity within the renewable energy space. The nature of the order...

Board Meeting Set: Sumitomo Chemical India Scheduled to Review Q2 Unaudited Financial Results Sumitomo Chemical India Ltd has scheduled a meeting of its Board of Directors to review the company’s recent financial performance. The meeting is set for Monday, July 27, 2026.The primary agenda item for the Board Meeting is the consideration of the Standalone and Consolidated Unaudited Financial Results of the Company. These results pertain to the quarter that ended on June 30, 2026.SUMICHEM Stock Price Movement Sumitomo Chemical India Limited shares are edging higher to ₹475.1 as of 10:54 AM today, gaining 1.71% in live trading. The stock is currently moving on a volume of 203,217 shares.

OneSource Specialty Pharma Clarifies Operations Amid Partner Supply Delay of Semaglutide OneSource Specialty Pharma Ltd has addressed clarifications regarding the reported delay in commercial supplies of Semaglutide by Dr. Reddy's Laboratories (DRL), reaffirming that the disruption does not materially impact its operational status.The company noted that while it maintains a long-standing partnership with DRL as a Manufacturing Partner for Generic Semaglutide Injection, the delay in commercial supplies disclosed by DRL has no material financial or operational bearing on OneSource Specialty Pharma Ltd.Despite the situation involving the partner's supply chain, OneSource confirmed strong market demand and commitment to its operations...