Markets

Moneyboxx Finance Ltd Opens New Branch Office in Poonamallee, Chennai Moneyboxx Finance Ltd has announced the opening of its new branch office located in Poonamallee, Tamil Nadu. This expansion move establishes a new physical presence for the finance company in Chennai.The newly opened branch is situated at Site No Plot No 7, 1st Floor North Wing, Rukmani Nagar, 4th Street, Behind GRT Jewelers in Poonamallee 600056. The company has also listed this new location on its official website.

RBL Bank Schedules Board Meeting to Review Q2 Results and Consider Private Placement Debt Issue RBL Bank Limited announced that its Board of Directors will convene on Friday, July 17, 2026, to discuss several key matters including the unaudited financial performance for the second quarter and a proposed debt security issuance.The meeting is scheduled to consider and approve the unaudited standalone and consolidated financial results of the Bank for the quarter ending June 30, 2026, which are subject to a limited review by the Joint Statutory Auditors.A central agenda item is a proposal concerning the issue of debt securities through private placement. This issuance, to be conducted in one or more tranches, is intended to secure...

Directors Reappointed at Amir Chand Jagdish Kumar (Exports) Limited for Second Term Amir Chand Jagdish Kumar (Exports) Limited has announced the re-appointment of two independent directors, Mr. Gauri Shankar and Ms. Rajni, following a board meeting held on July 8, 2026. The appointments, subject to shareholder approval, extend both individuals' terms for a second period of five years.The company’s board unanimously approved the re-appointment of Mr. Gauri Shankar as an Independent Director. His term will run from July 09, 2026, until July 08, 2031. Ms. Rajni was also re-appointed for a second tenure of five years, effective from August 27, 2026, until August 26, 2031. Both directors confirmed that they meet the criteria for...

Winro Commercial Completes Acquisition of Equity Shares in Adani Enterprises Limited Winro Commercial (India) Limited has completed the acquisition of equity shares in Adani Enterprises Limited, marking a significant investment by the NBFC company. The acquisition was finalized on July 7, 2026.The total cost incurred by Winro Commercial for this investment amounted to Rs. 99,99,97,380/-. This involved the purchase of 3,46,860 equity shares at a price of Rs. 2,883/- per share. The acquisition accounts for 0.04% of post issue capital in Adani Enterprises Limited.Winro Commercial (India) Limited operates as an NBFC company engaged in the business of investment in shares and securities. In its normal course of business, the company...

Mayank Cattle Food Ltd Approves Multiple Director Remuneration Revisions and Appoints New Cost Auditor A meeting of the Board of Directors of Mayank Cattle Food Ltd concluded on July 08, 2026, during which several key business decisions were approved, including revisions to the remuneration of multiple directors, the appointment of a new Cost Auditor, and fixing crucial dates for the upcoming Annual General Meeting (AGM).The Board approved the Director's Report along with all annexures for the financial year 2025-26, which will be presented before the members at the ensuing AGM for adoption.Remuneration Revisions Approved The Board meeting sanctioned revisions to the annual remuneration of several key directors, effective from April...

Jay Ambe Supermarkets Ltd Board Approves Alteration in IPO Objects; Names Scrutinizer and E-Voting Agency Jay Ambe Supermarkets Limited, during its Board of Directors meeting held on Wednesday, July 08, 2026, approved several critical matters related to its Initial Public Offer (IPO). The board decisions centered on altering the objects of the IPO that funds were raised for, preparing for a forthcoming Postal Ballot.The board approved the alteration in the objectives of the IPO, which was based on the recommendation of the Audit Committee and is subject to subsequent approval by the shareholders. The company intends to make the necessary disclosure when the notice, along with an explanatory statement detailing the required matters, is...

Precision Camshafts Ltd Strengthens Sustainability Push, Achieves 44% Renewable Energy Consumption Precision Camshafts Limited (PCL), a leading manufacturer of precision components for the automotive industry, has provided an in-depth Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26. The report details PCL's commitment to environmental stewardship, employee welfare, and ethical governance while maintaining its global operational footprint.PCL specializes in manufacturing a diverse range of metal and metal products, including chilled cast iron, ductile iron, hybrid, and assembled camshafts. These critical components are engineered for performance and reliability across various engine...

JSW Energy Commissions 1,081 MW Renewable Capacity, Reaching 14,535 MW Total Installed Power JSW Energy Limited has announced the commissioning of 1,081 MW of renewable energy capacity since April 2026. This addition brings the company's total installed power capacity to 14,535 MW.The new capacity infusion includes solar, wind, hybrid, and hydro power projects. The specific breakdown of this 1,081 MW addition comprises 442 MW of solar, 108 MW of wind, 381 MW of hybrid, and 150 MW of hydro power assets.As a result of the recent commissioning, renewable energy constitutes 61% of JSW Energy's total installed capacity. The company's operational portfolio includes 3,764 MW of wind, 2,500 MW of solar, 832 MW of hybrid, and 1,781 MW of...

Precision Camshafts Limited Releases Sustainability Report Highlighting GHG Emission Reduction and ESG Commitment Precision Camshafts Limited (PCL) has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, providing detailed insights into its environmental, social, and governance (ESG) performance. The report underscores PCL's commitment to responsible growth, operational integrity, and stakeholder value creation across all business segments.The company’s core business remains manufacturing essential components for the automotive industry. PCL specializes in producing parts and accessories for motor vehicles, with 100% of its turnover derived from this activity. These products include...

SBI Funds Management IPO Set to Launch: Date Details Emerge for Major Asset Manager Listing India's behemoth financial institution, State Bank of India (SBI), is preparing a major listing as its asset management arm, SBI Funds Management, prepares to hit the public markets. The Initial Public Offering (IPO) has been formally announced by the parent bank, marking a significant milestone in the corporate journey of the fund management company.The market is now focusing on the dates provided in the exchange filing, which confirmed the crucial timeline for investors and analysts. SBI Funds Management is scheduled to open its IPO on July 14. The offering will close two days later, setting a tight window for retail and institutional...

Majestic Research Services and Solutions Ltd Issues Disclaimer of Opinion on Financial Results Majestic Research Services and Solutions Limited (MRSSL) has reported its unaudited and audited financial results for the half year ended March 31, 2026, accompanied by a Disclaimer of Opinion issued by chartered accountants. The company's accounts reflect ongoing challenges related to its corporate insolvency status and operational transitions.The audit report confirms that due to material uncertainties surrounding the state of the company and the inability to obtain sufficient supporting evidence for certain items, the auditors could not provide an opinion on the financial results.Operational Context and Management Change The Company had...

Massive Shift: NSE Launches India's First Domestic Natural Gas Futures After SEBI Approval The National Stock Exchange (NSE) is set to introduce a pivotal derivatives offering with the launch of domestic natural gas futures contracts. Approved by the Securities and Exchange Board of India (SEBI), the exchange will begin trading these cash-settled contracts on its commodity derivatives platform starting July 27. This move signifies a major step toward developing robust, domestic market mechanisms for India's vital energy commodity.Domestic Benchmark Achieved as NSE Introduces Gas Futures The new futures contracts are designed to be directly linked to the price of natural gas traded at the Indian Gas Exchange (IGX). Specifically, the...

Millworks IPO Commands 90% Grey Market Premium as Precision Manufacturing Powerhouse Prepares Listing Bengaluru-based Millworks Technologies is generating significant buzz ahead of its Initial Public Offering (IPO). The company's shares are currently trading at a substantial grey market premium of 84-90 percent, signaling strong investor confidence in the specialized manufacturing sector. This sentiment builds as the firm prepares to launch its Rs 160.3 crore IPO on July 14, with subscription running until July 16.Market Sentiment and Initial Offering Details The grey market premium indicates high listing expectations for Millworks Technologies, which is set to open an issue comprising a fresh allotment of 48.44 lakh equity shares...

FIIs Surge Into Market, Buying Shares Worth ₹1,962 Crore Despite Index Selloff Amid Geopolitical Tensions Foreign Institutional Investors (FIIs) maintained a strong bullish stance on Indian equities on July 8, registering a net inflow of ₹1,962.80 crore despite the broader market witnessing a sharp decline. Meanwhile, Domestic Institutional Investors (DIIs) also remained supportive, adding another ₹790.16 crore to their holdings.This resilience in institutional buying contrasts with significant selling pressure observed throughout the session, primarily triggered by geopolitical tensions and a steep rise in crude oil prices. FIIs bought shares valued at ₹17,463.95 crore, successfully absorbing sales of equities amounting to ₹15,501.15...

Aditya Birla Money Limited Announces Availability of FY 2025-26 Annual Report and Details of 30th AGM Aditya Birla Money Limited has announced the availability of its Annual Report for the Financial Year (FY) 2025-26. The company also provided essential details regarding the upcoming 30th Annual General Meeting (AGM).The AGM is scheduled to be held on Thursday, July 30, 2026, at 12:00 Noon IST. Shareholders will be able to attend the meeting via Video Conferencing (VC) or Other Audio Visual Means (OAVM).For shareholders who have not received the notice and Annual Report electronically through email, Aditya Birla Money Limited has made the documents available online. The specific web link for accessing the Annual Report for FY...

NCLT Rejects Morgan Securities' Massive Insolvency Plea Against BPL Over Rs 1,323 Crore Debt Claim The National Company Law Tribunal (NCLT) has dismissed a significant insolvency plea filed by Morgan Securities and Credits Pvt Ltd (MSCPL) against consumer electronics giant BPL. The Kochi bench ruled that the claim for default, valued at Rs 1,323.70 crore, was time-barred and amounted to an attempt to misuse the Insolvency and Bankruptcy Code (IBC).The Adjudicating Authority concluded that MSCPL's proceedings were fundamentally an effort to recover a balance amount following years of pursuing arbitration, appellate remedies, and execution processes. This ruling emphasized that such actions did not align with the core scheme and object...

Le Merite Exports Invests in Associate Company to Develop Integrated Technical Textile Park Le Merite Exports Limited has established a strategic venture by incorporating an associate company, Le Merite Torna Technical Textile Park Private Limited, dedicated to developing and operating an integrated technical textile park. The Ministry of Corporate Affairs granted the Certificate of Incorporation for the new entity on July 08, 2026.The newly incorporated associate company is tasked with carrying out extensive projects related to the infrastructure required for a technical textile park. These activities include land acquisition, site preparation, construction and operation of roads and streets, establishing water supply systems, and...

Food Processing Sector Set for Massive Surge as Govt Consults Industry on New Incentive Framework The Government has initiated comprehensive consultations with industry stakeholders to define the scope and incentive structure for the next phase of the Production-Linked Incentive Scheme for the Food Processing Industry (PLISFPI). This move is aimed at building an evidence-based, industry-led framework to propel India toward becoming a global hub for food processing through innovation and stronger value chains.Food Processing Industries Secretary Avinash Joshi emphasized that the upcoming policy will be designed to boost domestic manufacturing and sharpen India's competitive edge globally. The strategy is set to encourage technology...

Ministry of Coal Unleashes ₹37,500 Crore Push to Decouple Energy Sector from Imports The Ministry of Coal has initiated a major national drive by inviting applications under the Scheme for Promotion of Surface Coal/Lignite Gasification Projects. This strategic scheme carries a total financial outlay of ₹37,500 crore and is designed to significantly bolster India’s energy security landscape. The initiative aims to catalyze growth in value addition across multiple industrial sectors.Boosting Energy Self-Reliance Through Industrial Transformation The launch of this comprehensive scheme represents a critical step toward achieving greater self-reliance within the chemical and energy industries. By promoting surface coal and lignite...

Religare Enterprises Board Approves Continuation of Rajender Mohan Malla as Non-Executive Chairperson Religare Enterprises Limited has announced a decision regarding its corporate governance structure, confirming the continuation of Mr. Rajender Mohan Malla in his role as the Company's Non-Executive Chairperson for the upcoming quarter.The update follows the Board meeting held on June 19, 2026, where it was decided that Mr. Malla would continue serving as the Chairperson from July 01, 2026, through September 30, 2026.This appointment is part of a governance structure established by the Board, which involves rotational appointments for the role of Chairperson. Previously, Mr. Rajender Mohan Malla, an Independent Director of Religare...