Markets

Indogulf Cropsciences MD Sanjay Aggarwal Honored with 17th Visionary Leadership Award 2026 New Delhi, July 9, 2026: Indogulf Cropsciences Limited announced that its Managing Director, Shri Sanjay Aggarwal, has been awarded the prestigious "17th Visionary Leadership Award 2026" by the Agriculture Leadership Awards Committee.The award recognizes Shri Aggarwal's leadership and significant contributions towards advancing sustainable crop protection solutions and driving innovation within agriculture. His efforts focus on empowering farmers through quality-focused and technology-led initiatives were highlighted for the recognition.Shri Rajnath Singh, Union Minister of Defence, presented the award during the Agriculture Leadership...

Electronics Manufacturing Companies Surge as Centre Extends Duty Relief until 2029 Stocks Rally Following Customs Duty Concessions for Tech Sector Shares of major electronics manufacturers witnessed a notable rally on Thursday, following the government's decision to substantially expand customs duty concessions. These measures target key machinery and components crucial for domestic electronics manufacturing. This move is designed to reduce import costs for specialized equipment that is not widely available within India.Leading firms responded positively to the news. Dixon Technologies climbed up to 4.7%, reaching Rs 13,544. Amber Enterprises advanced by 2.5% to Rs 7,607.50. Kaynes Technology also gained 3.7%, trading at Rs 3,328.90...

Eternal Stock Jumps as MSCI Weighs Full Restoration Amid FII Headroom Expansion Eternal Shares Rally Following Significant Foreign Ownership Boost Shares of Eternal experienced a strong surge on July 9, rising by 3%. The stock movement was fueled by the latest shareholding data released for the June quarter. This development has generated considerable interest among market analysts and investors.At 10:48 am on July 9, Eternal shares were trading at Rs 294.25, showing a gain of 2.6% in some trading segments. The movement indicates renewed investor confidence following the improved foreign ownership status.Motilal Alternate Research Cites FII Headroom Recovery Motilal Alternate Research highlighted that Eternal's ability to regain its...

Granules India Ltd. Schedules Board Meeting to Approve Q1 Financial Results Granules India Ltd. has announced that its Board of Directors meeting is scheduled for Tuesday, July 21, 2026. The primary agenda item for the meeting will be the review and approval of the unaudited financial results for the first quarter that concluded on June 30, 2026.Following this scheduled board meeting, the company confirmed that the Insider Trading Window for Granules India Limited will remain closed until Thursday, July 23, 2026, in view of the corporate event.GRANULES Stock Price Movement Granules India Limited's stock is trending upward as of 10:42 AM, trading at ₹872.2 after climbing by 1.47%. The company surges to its 52-week high, achieving...

Rajesh Power Services Bags ₹653.12 Crore Orders from PGVCL, Reinforcing Leadership in Underground Power Infrastructure Ahmedabad, July 09, 2026: Rajesh Power Services Limited (RPSL), a leading EPC Contractor specializing in Power Transmission and Distribution, announced that it has secured new orders totaling Rs. 653.12 crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL), a government undertaking of Gujarat.The contract involves turnkey projects focusing on the conversion of existing network infrastructure into underground cable networks with Ring Main System implementation and GIS mapping and asset tagging. These significant power distribution contracts cover the Bhavnagar, Anjar, Junagadh, and Porbandar circles...

Vaishali Pharma Limited Defers Preferential Equity Share Issuance Proposal Vaishali Pharma Limited announced that its Board of Directors has decided to defer a proposal regarding the issuance of equity shares through a preferential allotment.The company's Board considered the proposal for issuing equity shares as part of a preferential issue, in line with applicable laws and regulations.Following deliberation, the Board ultimately resolved to postpone the decision on the said proposal, directing that it require further evaluation and consideration at a later time. Consequently, no final determination was reached by the Board concerning the proposed preferential issuance during the meeting.VAISHALI Stock Price Movement Shares of...

Hormuz Tensions Stall Oil Supply Recovery: Goldman Warns Escalation Could Halt Middle East Crude Flows A significant setback looms for the recovery of Middle Eastern oil supplies as heightened tensions in the Strait of Hormuz threaten to disrupt critical shipping lanes, according to a warning issued by Goldman Sachs Group Inc.Goldman estimates that despite efforts by producers to resume operations, the integrity of maritime traffic through the strait remains precarious. Analysts at the firm caution that ongoing disruptions could slow down the gradual production recovery in the region.Fragile Peace Tested Amid Renewed Washington Tehran Conflict The global energy market experienced volatility this week following a resurgence in the...

SBI Mutual Fund Disposes of Stake in Restaurant Brands Asia Ltd SBI Mutual Fund under its various schemes has sold all shares held in Restaurant Brands Asia Ltd., reducing its stake in the company following a transaction that occurred on July 3, 2026.The disposal was completed by SBI Mutual Fund, which previously held a significant portion of the target company's share capital. The fund sold 3,05,00,000 shares carrying voting rights during the process.This sale resulted in the acquirer holding zero shares after the transaction. Prior to the sale, the stake represented 4.2854% of the paid-up share capital of Restaurant Brands Asia Ltd.The company's total equity share capital before the disposal stood at Rs. 7,11,71,88,620/-, which...

India Ratings Affirms Ceigall India Ltd's Bank Facilities at INDAA-/Stable; Rates Commercial Paper Program at INDA1+ India Ratings & Research has provided credit ratings for the facilities of Ceigall India Limited (CIL), including long-term bank loan facilities and a commercial paper program. The agency confirmed the rating for CIL’s bank loans, simultaneously assigning a rating to its new debt instruments.According to the rating report, which details the company's financial health as reflected in these facilities, the long-term bank loans were affirmed at INDAA-/Stable/INDA1+. This reaffirmation includes a revision of the outlook on the bank facilities to Stable.The key details concerning CIL’s bank loan facilities are presented...

Viviana Power Tech Wins Rs 71 Crore Turnkey Contract from Paschim Gujarat Vij Company Limited Viviana Power Tech Limited has secured a new turnkey contract valued at Rs 71,38,64,233.00 from its client, M/s. Paschim Gujarat Vij Company Limited (PGVCL). The contract covers the comprehensive conversion of existing electrical infrastructure and was officially received by the company on July 08, 2026.The deal focuses on a specialized industrial project requiring the transformation of an entire network infrastructure. As per the details provided for the order, the scope includes converting the Existing 11 kV HT Line and LT Line Network, along with associated Consumer Service Lines, into an Underground Cable Network featuring a Ring Main...

India Slams US Forced Labour Tariffs: Commerce Ministry Flags 1,600-Item Exemption Loophole The Indian government has strongly challenged the United States Trade Representative's (USTR) proposal for tariffs on goods linked to forced labor. During a public hearing before the USTR panel, officials pointed out significant inconsistencies in the US approach. These levies, which propose rates ranging from 10 to 12.5 per cent, target imports from 60 economies Washington claims have failed to prevent forced-labor inputs from entering global supply chains.Brij Mohan Mishra, Joint Secretary at the Ministry of Commerce, testified that the USTR exempts 1,600 items from scrutiny—items that cannot be produced or grown within the US. He stated this...

Rajesh Power Services Secures Rs 653.12 Crores Contract from PGVCL for Gujarat Cable Network Conversion Rajesh Power Services Ltd has secured a significant contract valued at Rs 653.12 Crores (including taxes) from Paschim Gujarat Vij Company Limited (PGVCL). The order involves the conversion of existing network infrastructure into an underground cable network across several circles in Gujarat.The domestic entity PGVCL awarded the Turnkey Contracts to Rajesh Power Services Ltd for the extensive work spanning Bhavnagar, Anjar, Junagadh, and Porbandar Circles within Gujarat.This substantial business contract outlines the complete transformation of the existing 11kV High Tension (HT) Line and Low Tension (LT) Line Network into a...

Vijay Jaideo Poddar Acquires Convertible Warrants in Callista Industries LtdCallista Industries Ltd, holding Scrip Code 539335, saw a significant acquisition involving Vijay Jaideo Poddar. Mr. Poddar was allotted 0.00 lakh Convertible Warrants on July 3, 2026. These warrants carry a nominal face value of Rs 10 per share and were issued with terms allowing them to be converted into equity shares within 18 months from the date of allotment at a conversion ratio of 1:1. The issuance carries no redemption feature; the warrants are subject to conversion into equity or lapse as per the issue terms.The acquisition details reveal changes in the ownership structure and capital base of Callista Industries Ltd. Mr. Poddar's existing holding...

India-Australia Forge Deep Economic Alliance: Prime Minister Outlines Roadmap for Global Tech, Green Energy Supremacy Bilateral Trade and Strategic Convergence with Australia The Indian and Australian businesses shared a powerful display of confidence at a recent reception focused on the economic roadmap between the two nations. Addressing the gathered stakeholders, the Prime Minister emphasized that while the world navigates uncertainty, supply chain disruption, and energy crises, India and Australia are destined to be natural and trusted partners.Past achievements have solidified this bond. The ActA agreement implemented in 2022 significantly enhanced economic ties between the countries. Following its implementation, exports from...

Market Creators Ltd Stakeholding Shifts Following Share Transmission Transaction Market Creators Limited has experienced a shareholding change following a transmission of shares involving Bina Rashmikant Acharya. The transaction details relate to the acquisition and transfer of equity shares in the company.The target company, Market Creators Limited, which is listed on the BSE, was subject to this transfer transaction. Bina Rashmikant Acharya was involved as both an acquirer and a seller in relation to this share movement.Details concerning the pre-transaction and post-transaction shareholding have been provided regarding the acquisition. The transaction saw 134000 shares being transferred by one party, resulting in changes to...

Laser Power Infra IPO: Can Discounted Valuation Deliver? Key Focus on CAGRs and Market Discrepancy Laser Power and Infrastructure Ltd., a significant player in the power transmission sector, is preparing for its Initial Public Offering (IPO). The listing presents investors with an opportunity to invest in a company boasting robust operational growth and a highly favorable valuation compared to listed industry peers.The IPO aims to raise a total of INR 742 crore. This capital infusion is structured through a fresh issue amounting to INR 542 crore, designated primarily for debt repayment, along with a Non-Institutional Investor (OFS) component totaling INR 200 crore. Post-issue, the company’s market capitalization is projected at...

Market Jumps: AUM Surge and MTM Gains Drive AMC Profits Despite Margin Headwinds, Says Nomura Nomura Securities has released its outlook on Asset Management Companies (AMCs) for Q1FY27, suggesting that strong industry growth in Assets Under Management (AUM) will effectively offset expected margin pressures. The brokerage maintains its conviction in Nippon Life India Asset Management (NAM), positioning it as the top AMC pick, while placing HDFC AMC next in line within their coverage universe.Industry QAAUM Rebound: A Positive Surprise After March Correction The mutual fund industry demonstrated resilience in the June quarter, with the quarterly average assets under management (QAAUM) growing 2.0% sequentially. This performance was...

Sathlokhar Synergys secures additional contracts valued at INR 75.52 crores, boosting FY26-27 order book Sathlokhar Synergys E&C Global Limited has announced a significant increase in its confirmed business pipeline for the financial year 2026-27, securing multiple new projects that substantially strengthen its revenue visibility. The company reported winning additional orders valued at INR 75.52 crores, bringing its revised confirmed order book to a total of INR 915.74 crores for FY 2026-27.The newly secured contracts span various sectors and regions, with execution timelines ranging from the next few months up to January 2027. The company's business involves construction of buildings and infrastructure facilities across industrial...

NLC India Soars on Major JV Announcement; Tata Steel Marginally Dips Amid Operational Report The corporate announcement carousel continues to drive focused activity in specific market segments. Investors are closely monitoring company-specific developments, including Q1 business results, capacity expansion plans, and strategic joint venture formations, as these factors dictate stock performance across various sectors.NLC India Gains Momentum on Strategic Power Plant Joint VentureShares of NLC India saw a strong climb after the company formalized a critical strategic partnership. NLC India signed a Joint Venture-cum-Shareholders' Agreement with NALCO. This agreement is set to establish a 50:50 joint venture designed for power...

IT Sector Stumbles as US Fed Minutes Revive Rate Fears; Nifty IT Loses Amid Earnings Jitters Indian Information Technology stocks faced renewed pressure on Thursday, emerging as a significant underperformer despite the broader market rallying. The Nifty IT index saw a decline in morning trade, intensifying concerns over future growth amid looming Q1 results and dovish-hawkish signals from the US Federal Reserve (Fed).Navigating Market Slump Amid Fed Concerns The downturn was amplified by minutes from the US Federal Reserve’s June policy meeting. These documents indicated that policymakers remain concerned about persistent inflation. The Fed suggested that continued interest rate hikes were a possibility if price pressures fail to...