Markets

Callista Industries Completes Preferential Allotments of Equity Shares and Warrants, Boosting Capital BaseCallista Industries Ltd has successfully executed two significant capital transactions: the allotment of an eighth tranche of equity shares and the issue of convertible equity warrants. These moves represent a substantial infusion of capital into the company, increasing its paid-up share capital.The company approved the allotment of 5,87,500 Equity Shares under the eighth tranche on a preferential basis. The entire issuance was for fully paid up shares at a price of Rs. 10/- each, aggregating to a total consideration of Rs. 58,75,000/-.The details of this allotment are as follows:Name of AllotteeNumber of Equity...

RBL Bank Reports Provisional Q1 FY27 Metrics: Gross Advances Rise While Total Deposits Stand Steady RBL Bank Limited has released provisional financial metrics for the quarter ended June 30, 2026. The bank saw growth in gross advances while maintaining a specific mix of deposits, and tactically decided not to renew certain wholesale deposits following a recent preferential allotment.The provisional data provides insight into the state of the bank’s funding and lending portfolio as of March and June 2026.Financial Snapshot (in Rs. Crore) The key performance indicators for Total Deposits and Gross Advances were presented across three reporting periods:Particulars30-Jun-2531-Mar-2630-Jun-26 (Provisional)YoYQoQTotal...

Manipal Health IPO Gets SEBI Nod: Healthcare Giant Eyes Major Debut Amid Global Market Volatility India's leading hospital chain, Manipal Health Enterprises, has received essential approval from the Securities and Exchange Board of India (SEBI) for its public listing. The milestone suggests a potential market debut in late July or early August, marking a significant step for the healthcare sector.The news comes after Manipal filed an initial public offering (IPO) in March, aiming to raise up to $1.2 billion. This ambitious fundraising target is underpinned by the growing necessity and rising demand for complex medical care across India.IPO Scope and Investor Confidence The planned offering is poised to be one of the largest IPOs in...

Institutional Divestment Shakes PB Fintech Stocks as Temasek Subsidiary Offloads Major Stake The stock of PB Fintech, the parent company behind Policybazaar and Paisabazaar, experienced a sharp downturn following news of a significant stake sale by a subsidiary of global investment giant Temasek. The divestment created immediate market volatility in the online insurance and lending platform space.Temasek Subsidiary Completes Major Equity Offload in PB Fintech Macritchie Investments Pte Ltd., the indirect wholly owned subsidiary of Singapore-based Temasek Holdings, successfully completed the sale of a portion of its stake in PB Fintech on July 3. This open market transaction saw Macritchie offloading 1.01 crore equity shares of the...

Prime Minister Modi Sets Off Global Tour to Forge Key Partnerships in Indonesia, Australia, and New Zealand Focus on Indonesia: Deepening Strategic Ties Prime Minister Shri Narendra Modi is scheduled for a diplomatic visit to Indonesia from July 6-8, 2026. This trip represents the fourth visit by the PM to Indonesia. The tour follows the elevation of India-Indonesia ties to Comprehensive Strategic Partnership status in May 2018.At the invitation of President Prabowo Subianto, Prime Minister Modi will hold bilateral discussions with the Indonesian President. He will review the existing progress within the strong partnership. Beyond official meetings, a significant segment of the visit involves cultural engagement.In Jakarta, the...

Mazagon Dock Shipbuilders Ltd Announces Changes in Senior ManagementMazagon Dock Shipbuilders Ltd., formerly Mazagon Dock Limited, has confirmed several changes within its senior management structure, detailing internal promotions across technical and directorial roles.The company noted these updates involving key personnel positions. The changes include Executive Director (Technical) and two General Manager (Technical) roles.Details of the senior management changes are provided below:NameDesignationDate of ChangeReason for ChangeShri E R ThomasExecutive Director (Technical)Retrospectively from 01 July 2025Internal PromotionSmt. Alice KurianGeneral Manager (Technical)Retrospectively from 01 July 2025Internal Promotion...

CreditAccess Grameen Reports Strong Q1 FY27 Performance, Notes Improving Asset Quality Trends CreditAccess Grameen Limited has provided an interim business update for June 2026, highlighting strong operational momentum and steadily improving asset quality across its portfolio. The company reported robust figures related to gross lending portfolio (GLP) and disbursements, alongside significant improvements in asset classification ratios.The operational metrics show steady growth in Gross Lending Portfolio (GLP), Disbursements, Borrower Additions, and the size of its Branch Network during Q1 FY27.Operational Performance Highlights The company’s GLP demonstrated strong momentum, reaching 30,319 INR Cr in Q1 FY27. This represents a...

Sterlite Technologies Concludes UK Patent Litigation Following EPO Technical Board's Patent Revocation Sterlite Technologies Ltd has announced a significant development in its pending litigation against Fujikura LTD regarding patent infringement claims. A decision by the European Patent Office's Technical Board of Appeal resulted in the complete revocation of Fujikura's patent, effectively bringing a formal end to the dispute over Sterlite’s Celesta cable family.The outcome concerns patent EP3796060, which was the subject of infringement litigation in the UK involving Fujikura LTD and Fujikura Europe Limited. The Technical Board of Appeal revoked this patent entirely. This non-appealable decision marks a favorable conclusion for...

ZF Commercial Vehicle Control Systems Announces 22nd Annual General Meeting and E-Voting Schedule ZF Commercial Vehicle Control Systems India Limited has announced details regarding its 22nd Annual General Meeting (AGM), scheduled for Friday, July 24, 2026. The meeting will be held at 15:00 hours IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company confirmed that the Notice and the Integrated Annual Report are available on its website as well as the websites of the Stock Exchanges and NSDL. Members who possess registered email IDs with the Company/Depository Participant(s) were dispensed with receiving a physical copy of the notice, in line with applicable circulars.ZF Commercial Vehicle Control Systems...

ACS Technologies Ltd Allots 86,95,000 Equity Shares Through Warrant Conversion ACS Technologies Ltd announced that its Board of Directors approved the allotment of 86,95,000 equity shares following the conversion of warrants into equity shares. The decision was made during a meeting held on July 3, 2026.The company granted these equity shares to warrant holders from the 'Non-Promoters/Public' category. The allotment is effective upon the receipt of balance consideration amounting to ₹20,37,89,062.50.Each equity share has a face value of ₹10/- and was issued at an issue price of ₹31.25/-, which includes a premium of ₹21.25/- per equity share. The shares are considered pari passu with the existing equity shares of the Company...

Jana Small Finance Bank Chief Credit Officer Asheesh Maroo Resigns Jana Small Finance Bank Limited has announced a change in its senior management, confirming the resignation of Mr. Asheesh Maroo from his position as Chief Credit Officer. The departure is attributed to personal reasons related to relocation back to Mumbai.Mr. Maroo tendered his resignation, and the bank has accepted the request. His last working day with Jana Small Finance Bank Limited will be effective from the close of business hours on August 30, 2026.The transition details concerning this senior management change are as follows:DetailInformationName of Senior Management PersonnelAsheesh MarooReason for ChangeResignationReason for ResignationMoving...

Shah Foods Ltd schedules Board Meeting to address change in management post open offer Shah Foods Limited has scheduled a meeting of its Board of Directors to consider key changes related to its composition and committee structure following the completion of an open offer process.The Board meeting is set for Wednesday, July 08, 2026.The agenda for the upcoming board meeting includes several critical matters. The company intends to review and approve the change in the composition of the Board of Directors. This change follows the completion of the open offer process as per the relevant regulations.Additionally, the Board is scheduled to address the reconstitution of various committees within the company. The meeting will also cover...

Inkia Inks to Showcase Innovations at FuturePrint in Brazil Focused on Sustainable Textile and Direct-to-Textile Workflows Inkia Inks Private Limited, a specialized digital ink manufacturer under True Colors Ltd, is set to participate in the premier global event series, FuturePrint, scheduled in Brazil from July 14 to 17, 2026. The company will be exhibiting at the FuturePrint Séo Paulo event, which is being held at Distrito Anhembi / Expo Center Norte in Sao Paulo, Brazil.The event, dedicated to screen printing, digital textile printing, and advanced industrial inkjet manufacturing, is anticipated to attract over 40,000 visitors and 600 exhibitors. Inkia Inks plans to engage with global converters while showcasing its latest...

Modi Naturals Ltd to Host Investor Conference for Group Meetings Modi Naturals Ltd has announced that its officials will be attending an Investor Conference, offering opportunities for one on one group meetings with investors. The meeting is scheduled for July 8, 2026, and attendees can expect interactions in person.The corporate team from Modi Naturals confirmed that the discussions during the investor meetings will be based solely on publicly available information. Furthermore, the company stated that no unpublished price sensitive information (UPSI) is planned to be discussed during these interactions.The event provides a platform for stakeholders to engage with the company’s management regarding its operations and current...

RBI Imposes Rs 3,10,000 Penalty on GIC Housing Finance for KYC Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty amounting to Rs 3,10,000/- on GIC Housing Finance Ltd. The penalty was levied following findings related to the company's non-compliance with specific provisions outlined in the RBI directions concerning 'Know Your Customer' (KYC).The penalty was issued by the RBI under Section 52A of the National Housing Bank Act, 1987. This action followed observations made during a statutory inspection conducted by the National Housing Bank (NHB), referencing the company’s position as of March 31, 2025.According to the findings, the non-compliance related to paragraph 12 of Chapter IV and 37(a) of Chapter VI...

TMT India Completes Committee Review, Declares Open Offer as Fair and Reasonable The Company's Committee of Independent Directors has concluded that the open offer for TMT India Limited is fair and reasonable, following a comprehensive review of all related documents. This determination confirms the terms set forth in the open offer initiated by three acquiring entities.The Committee meeting confirmed the analysis and review of the open offer proposed by Yoga Builders Private Limited (Acquirer-1), Scaffold Properties Private Limited (Acquirer-2), and Mk Profinlease Private Limited (Acquirer-3). The committee examined the Public Announcement dated April 20, 2026, the Detailed Public Statement published on April 27, 2026, and the Letter...

Spice Islands Industries Ltd Approves Share Split and Major Director Re-designation at Board Meeting Spice Islands Industries Limited, formerly known as Spice Islands Apparels Limited, held a Board of Directors meeting on July 03, 2026. The board approved several material corporate actions, including the sub-division of equity shares and key changes in directorships.The company approved the split of its equity shares, which were previously trading at a face value of Rs. 10/- each. Under the new structure, every one existing Equity Share is to be subdivided into five Equity Shares, with each carrying a face value of Rs. 2/-. This move is intended to enhance the liquidity of the company's equity shares in the stock market and encourage...

DCB Bank Concludes 31st Annual General Meeting; Key Resolutions Pass With Requisite Majority DCB Bank Limited held its 31st Annual General Meeting (AGM) on Friday, July 03, 2026. The meeting, conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM), saw all items of business transacted and passed by the Members with the requisite majority.The AGM commenced at 02:30 P.M. (IST) and concluded at 04:51 P.M. (IST). The meeting was chaired by Mr. Pushan Mahapatra, Non-Executive - Part-Time - Chairman and Independent Director of the Bank.Mr. Praveen Kutty, Managing Director & CEO of the Bank, presented on the bank's financial performance for FY 2025-26, while Mr. Ravi Kumar, Chief Financial Officer, provided details...

Ms. Manjula Aleti Ceases Role as Independent Director at Cambridge Technology Enterprises Limited Cambridge Technology Enterprises Limited has confirmed the cessation of Ms. Manjula Aleti from her role as a Non-Executive and Independent Director. The change is effective from the close of business hours on June 30, 2026, following the completion of her first term in this capacity at the company.The departure also concludes her positions within several key committees at Cambridge Technology Enterprises Limited. Ms. Aleti previously held the roles of Chairperson/Member of the Nomination and Remuneration Committee and Member of the Stakeholders and Relationships Committee.As part of the change, details regarding Ms. Aleti’s...

RBI Penalizes Bank of Baroda with Rs 63.60 Lacs for Loan Interest and KYC Compliance Issues The Reserve Bank of India (RBI) has imposed a penalty totaling Rs 63.60 lacs on the Bank of Baroda following investigations into lending practices and compliance regarding customer records. The action was taken on July 3, 2026.The RBI’s directive outlined two key areas of non-compliance committed by the bank. These issues relate to interest collection on loans and the adherence to KYC (Know Your Customer) requirements for certain clientele.In detail, the penalty relates to: 1. The Bank having collected interest that was higher than the contracted rate of interest in specific loan accounts. 2. Failure to upload the KYC records of certain...