Markets

United Spirits Ltd to Cease Operations at Hyderabad Manufacturing Unit United Spirits Limited has confirmed the closure of its manufacturing unit located at Venkateshwara Nagara, Malkajgiri, Hyderabad. The company will cease operations at the facility on July 8, 2026, following the approval to transfer the unit's excise license.The decision relates to the factory operating in Hyderabad. United Spirits has received official approval from the Office of Commissioner, Prohibition and Excise, Telangana, Hyderabad, to facilitate the transfer of the unit's excise license. This regulatory step leads directly to the cessation of operations at the site.The closure is part of a broader strategy initiated by the company. The initial steps...

Embassy REIT Receives AAA Ratings from Crisil, Reiterating Strong Financial Health and Debt Protection Embassy Office Parks REIT (Embassy REIT) has received a reaffirmation of its corporate credit rating from CRISIL Ratings, maintaining a strong position. The rating agency confirmed the status of both the trust's overall creditworthiness and specific debt instruments, including Non-Convertible Debentures (NCDs) and Commercial Papers.CRISIL Ratings affirmed the Corporate Credit Rating of Embassy REIT with a Crisil AAA/Stable outlook. Furthermore, the agency reaffirmed its assessment of NCDs aggregating Rs 12,450 crore with a rating of Crisil AAA/Stable. Additionally, CRISIL assigned a Crisil AAA/Stable rating to new Non-Convertible...

NCLT Admits CIRP Against Future Consumer Ltd; Financial Creditor RISSF Claims Over Rs 263 Crore Debt The National Company Law Tribunal (NCLT) Mumbai Bench-VI has admitted the Corporate Insolvency Resolution Process (CIRP) against Future Consumer Limited (FCL), a decision made after hearing the petition filed by Resurgent India Special Situations Fund (RISSF). The Tribunal found that the Financial Creditor successfully demonstrated the existence of a financial debt due and payable by FCL, leading to the initiation of the insolvency process under Section 7 of the Insolvency and Bankruptcy Code, 2016.The proceedings centered on a significant default related to debentures issued by Future Consumer Limited. Resurgent India Special...

RPSG Ventures Reports on Business Responsibility and Sustainability in IT Services RPSG Ventures Limited, a focused provider of Information Technology (IT) solutions primarily serving the Power Generation and Distribution sector, has released its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026. The report details the company’s operations, employee engagement, environmental commitments, and compliance practices as part of its commitment to responsible corporate conduct.Operational Overview and Workforce Details The company, which was incorporated in 2017, holds a paid-up capital of ` 33.09 Crore. RPSG Ventures maintains five offices across the nation and serves markets in three states. The...

DEE Development Engineers Limited Completes Preferential Allotment of Shares; Paid-up Capital Increases by Rs 5.23 Crore DEE Development Engineers Limited has finalized the preferential allotment of equity shares, resulting in a significant increase in its paid up equity share capital. The decision was made by the company's Fund-Raising Committee on July 08, 2026.The company allotted 59,76,096 fully paid-up equity shares at a face value of Rs. 10 each. The allotment was conducted through a private placement mechanism, and the shares were issued at an issue price of Rs. 502 per Equity Share.The aggregate consideration received for these shares amounts to Rs. 300,00,00,192.00. The newly allotted equity shares rank pari passu with the...

Motherson Sumi Wiring India Announces 6th Annual General Meeting for FY2025-26 Motherson Sumi Wiring India Limited has scheduled its 6th Annual General Meeting (AGM) to address matters related to the company's performance in Financial Year 2025-26. The AGM is set to be held virtually, with the Notice of the meeting and the complete Annual Report now available online.The company announced that the AGM will take place on Tuesday, July 28, 2026, at 1215 Hours (IST). Shareholders are invited to attend the meeting via Video Conferencing/Other Audio-Visual Means (VC/OAVM), in line with applicable circulars issued by government bodies.The Annual Report for Financial Year 2025-26 and the Notice of the 6th AGM have been made available on the...

Ventive Hospitality Acquires Kelzai Eco Reserves to Establish Luxury Resort Footprint Ventive Hospitality Ltd has announced the acquisition of Kelzai Eco Reserves Private Limited, securing 100% of its equity and preference share capital. The strategic purchase aims to establish Ventive’s footprint in the luxury resort and branded villa segment through this acquisition.The acquisition transaction involves a cash consideration of INR 2,818,795,572/- for the full stake in Kelzai Eco Reserves Private Limited. The enterprise value of the target company was stated at INR 466,00,00,000/-.Ventive Hospitality Ltd approved the acquisition during a meeting held on July 08, 2026.Acquisition Details and Target Profile Kenzai Eco Reserves...

Cubex Tubings Limited announces 47th Annual General Meeting on July 30, 2026 Cubex Tubings Limited has announced the details for its 47th Annual General Meeting (AGM). The meeting is scheduled to take place on Thursday, July 30, 2026.The AGM will be conducted at 10:30 A.M. via Video Conferencing (VC) or through Other Audio Visual Means (OAVM), in accordance with the relevant provisions of the Companies Act, 2013.The notice regarding the convening of the 47th Annual General Meeting was published on July 8, 2026. The notice appeared in two newspapers: Business Standard (English Edition) in Hyderabad and Nava Telangana (Telugu Edition) in Hyderabad.CUBEXTUB Stock Price Movement Shares of Cubex Tubings Limited today shed value...

Fiem Industries Releases Business Responsibility Report Detailing ESG Commitments, Operational Scale, and Workforce Metrics Fiem Industries Limited has detailed its operational scope and sustainability performance in its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report outlines various aspects of the company’s manufacturing activities, human capital management, and environmental stewardship commitments across both its national and international markets.Operational Scope and Products The company's primary business activity, accounting for 94.26% of turnover, is the manufacturing of Automotive Parts and Components. The products sold by Fiem Industries contribute to various segments of...

Lotus Chocolate Company Announces Board Meeting to Approve First Quarter Financial ResultsLotus Chocolate Company Ltd has scheduled a meeting of its Board of Directors to review and approve the un-audited financial results for the first quarter ending June 30, 2026.The meeting is set to be held on Wednesday, July 15, 2026. The primary agenda item for the board includes the consideration and approval of the company's financial performance during the first quarter.

Punjab National Bank Announces Change in Senior ManagementPNB has announced a change in senior management personnel, effective from July 8, 2026. The update details the transition of Shri Uttam Kumar, providing insights into his previous and new assignments within the bank.Shri Uttam Kumar is transitioning to a new role involving cyber information management at the bank. His profile indicates he holds a Bachelor of Engineering in Computer Science and possesses a Diploma in Information System Audit. He brings over 26 years of experience in the banking sector.The details of his assignment change are as follows:NamePrevious AssignmentNew AssignmentProfileShri Uttam Kumar.Zonal Mumbai OfficeGeneral Manager (CISO) and Delhi...

Current Infraprojects Boosts Credit Facilities by ₹2.69 Crore with IndusInd Bank Current Infraprojects Limited has secured an enhancement to its existing credit facilities from IndusInd Bank Limited, enabling the company to meet its working capital requirements and general corporate/business needs. The financial restructuring transaction involves increasing the aggregate fund-based and non-fund-based facilities held by the borrower.According to the details of the agreement, Current Infraprojects Ltd has received an additional sanction of ₹2.69 Crore. With this enhancement, the total sanctioned credit facility from IndusInd Bank Limited now stands at ₹36.69 Crore, up from the previous aggregate amount of ₹34.00 Crore.The facilities...

7NR Retail Limited Acquires CJPL for ₹90 Crore and Increases Authorized Equity Capital A board meeting of 7NR Retail Limited resulted in several major corporate decisions, including the acquisition of M/s. Cultureantique Jewellery Private Limited (CJPL), an increase in the company's authorized equity share capital, and the approval of expanded business objects.The company announced that it has acquired a 100% equity stake in M/s. Cultureantique Jewellery Private Limited (CJPL). The total purchase consideration for the acquisition was set at ₹90,00,00,000. This acquisition will be finalized through a share swap mechanism, involving the issuance and allotment of up to 9,00,00,000 fully paid-up equity shares of 7NR Retail Limited having...

Vas Infrastructure Limited to Hold 26th Committee of Creditors Meeting on July 9, 2026 Vas Infrastructure Limited is scheduled to hold its 26th meeting of the Committee of Creditors (CoC) on Thursday, July 09, 2026.The company, which is currently operating under Corporate Insolvency Resolution Process (CIRP), is convening this crucial meeting involving its creditors and resolution professionals. The notice details the scheduled gathering for the CoC members.

CDSL Reports on ESG and Sustainability in FY25-26; Highlights Focus on Human Capital Development Central Depository Services (India) Limited (CDSL), a key player in the financial infrastructure sector, has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report provides a comprehensive look into the company’s governance structures, operational footprint, and commitment to sustainable practices across various ESG dimensions.The listed entity recorded a turnover of ₹9,60,45,23,000 and held a net worth of ₹15,98,17,16,000 during the period. CDSL maintains 14 offices nationally, serving 36 states through its operations. The company stands on paid-up capital of INR 2,09,00,00,000...

Diligent Media Corporation Ltd.'s Senior Management Resignation Confirmed Diligent Media Corporation Ltd has announced that Ms. Kusum Lata, who holds the position of Chief Sub Editor - Team Lead - DNA Hindi and was designated as Senior Management Personnel, has tendered her resignation from the organization.The transition is effective from June 5, 2026, at the end of working hours. The company confirmed that Ms. Lata resigned to pursue a career outside of the corporation.Details regarding the change in senior management personnel are summarized below:DetailInformationName and PositionMs. Kusum Lata, Chief Sub Editor - Team Lead - DNA HindiStatusSenior Management PersonnelCessation DateJune 5, 2026 (end of working hours)...

SBI Subsidiary Files Red Herring Prospectus for IPO of SBIFM Equity Shares SBI Funds Management Limited (SBIFM), a subsidiary of State Bank of India, has announced details regarding the proposed Initial Public Offering (IPO) of its equity shares. The IPO involves an offer for sale of up to 203,709,239 equity shares, representing up to 10.0013% of SBIFM's paid-up equity share capital.The offering includes shares from both State Bank of India and Amundi India Holding. State Bank of India is offering up to 128,334,397 Equity Shares (amounting to 6.3007% of SBIFM’s paid-up equity share capital). Amundi India Holding will offer up to 75,374,842 Equity Shares, representing 3.7006% of the paid-up equity share capital.The IPO is scheduled...

NSE Grants In-Principle Approval for On Door Concepts’ Preferential Issue of Equity Shares The National Stock Exchange of India (NSE) has granted in-principle approval for the listing of a tranche of equity shares issued by On Door Concepts Limited on a preferential basis. The approval covers 13,51,900 equity shares with a face value of Rs. 10/- each.The NSE confirmed its acceptance of the company's application and associated documentation pertaining to the listing of these shares. These newly allotted Equity Shares will rank pari passu in all respects with the Company’s existing fully paid-up Equity Shares.For the successful listing and subsequent admission of these shares to dealings on the Exchange, receipt of confirmation from...

7NR Retail Ltd Announces Acquisition of CJPL and Increases Authorized Capital by Rs 90 Crore 7NR Retail Ltd has announced several significant corporate decisions following a recent Board meeting, including the acquisition of M/s. Cultureantique Jewellery Private Limited (CJPL) and a substantial increase in its authorized share capital. The company also approved key strategic changes to its Memorandum of Association and appointed a new internal auditor.The company acquired 100% equity holding of CJPL for a total consideration of Rs 90,00,00,000 (Rupees Ninety Crore Only). This acquisition will make CJPL the wholly-owned subsidiary of 7NR Retail Limited. The purchase was executed through a share swap, where the company agreed to issue...

Tata Steel Posts 1QFY27 Provisional Volumes; India Crude Production Rises Amid Domestic Delivery Growth Mumbai, July 08, 2026 — Tata Steel Limited has released its provisional production and delivery volumes for the first quarter of financial year 2027 (1QFY27). The company reported that crude steel production in India stood at 5.82 million tons, with domestic deliveries reaching 5.17 million tons. These figures reflect a significant rise in crude steel production nationally, driven by high output from the Jamshedpur and Kalinganagar facilities.The provisional volumes for the quarter across all operational regions are presented as follows:Items1QFY27 (Provisional)4QFY26 (Actual)1QFY26 (Actual)Production volumeTata Steel...