Markets

US Giant Nationwide Surges into Indian Market, Launches First Global Capability Centre in Hyderabad US-based financial services behemoth Nationwide has significantly expanded its international footprint by launching its first India global capability centre (GCC) in Hyderabad. This move marks a major step for the 100-year-old company as it continues its global operational expansion.The new entity, Nationwide Global Services Center Private Limited, is set to support key areas including engineering, digital technologies, and business capabilities. The GCC will operate on a 24x7 global model, aiming to drive innovation, improve agility, and enhance decision-making across the organization.Nationwide has appointed Vikas Jaswal as Senior...

UCAL LIMITED Board Approves Re-appointments of Key Directors and Increases Remuneration for Deputy MD The Board of Directors of UCAL Limited, during a meeting held on July 8, 2026, approved several significant appointments, re-appointments, and operational outcomes for the company. The board decisions included extending the terms of existing directors and approving increases in managerial remuneration.Key approvals made by the board include the five-year re-appointment of Mr. Jayakar Krishnamurthy as Managing Director (Designated as Chairman and Managing Director), the two-year re-appointment of Mr. Ram Ramamurthy as a Whole Time Director, and the re-appointment of two directors for extended terms.Board Decisions and Appointments...

Millworks Tech SME IPO GMP Surges to Nearly 85% as Demand Skyrockets Ahead of Issue Launch The Grey Market Premium (GMP) for the Millworks Technologies SME Initial Public Offering (IPO) has experienced a massive surge, hitting nearly 85 percent ahead of its public subscription window scheduled for next week. This significant uptick indicates strong market appetite for the precision engineering firm's shares.The IPO, valued at Rs 160.34 crore, is set to open on July 14 and close on July 16. The company has fixed a price band ranging from Rs 315 to Rs 331 per share, with a standard lot size of 400 shares.GMP Reaches Peak Levels Driving IPO Hype Market tracking platforms are confirming the high enthusiasm surrounding Millworks...

DevX expands Bengaluru presence as Office Market Bifurcates: India Sets All-Time Leasing Highs while US Vacancies Rise The global office market is exhibiting two distinct narratives, with demand increasingly concentrating on high-quality buildings and the operational experience within them. In contrast to struggles in mature markets, India’s leasing segment continues its strong upward trajectory, as reported by industry sources.Dev Accelerator Limited (DevX), a key player in the space, announced significant expansion and secured recognition for its commitment to high-quality workspace design amidst this evolving market landscape.Market Trends: Quality Defines the Modern Office Office demand is showing sharp contrasts across...

NCLT Rejects Resolution Plan Submitted by Authum Investment & Infrastructure Limited for Vas Infrastructure Ltd. The National Company Law Tribunal (NCLT), Mumbai Bench, has rejected the resolution plan put forth by Authum Investment & Infrastructure Limited concerning Vas Infrastructure Ltd. The order was pronounced on July 7, 2026, in connection with a case before the tribunal.Following the ruling, the application for approval of the Resolution Plan stands dismissed.Vas Infrastructure Ltd., which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has been informed of the decision. The company stated that it will take all necessary steps in accordance with the provisions of the Insolvency and Bankruptcy Code...

Globesecure Technologies Receives Demand Notice from ICICI Bank Regarding Credit Facilities Globesecure Technologies Limited has received a demand notice from ICICI Bank Limited concerning credit facilities availed by the company, prompting an internal review and engagement with the lender. The actions relate to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).The notice calls upon Globesecure Technologies to discharge the outstanding obligations related to the credit facilities within a prescribed period under the SARFAESI Act, or face recourse by the lender. The total amount mentioned in relation to these credit facilities is Rs. 4,97,55,360/- (Rupees Four Crores...

Power Cables Maker Laser Power Mobilizes ₹222 Cr from Anchors, Boosting Investor Confidence Before IPO Laser Power & Infra has secured significant pre-market backing ahead of its public listing, announcing that it has raised Rs 222.6 crore through anchor investments on July 8. This robust commitment came just a day before the commencement of the company's Initial Public Offering (IPO).The successful anchor subscription highlights strong institutional confidence in the Kolkata-based power cables and conductors manufacturer. The allocation involved 15 anchor investors, confirming the company’s appeal to both domestic asset managers and international financial firms.Anchor Investment Details and Investor Profile The allocation of 1.04...

Sanginita Chemicals Incorporates Solar Power Subsidiary Agastya Solar Power Private Limited Sanginita Chemicals Limited, formerly known as Sanginita Chemicals Pvt. Ltd., has successfully incorporated a wholly owned subsidiary named Agastya Solar Power Private Limited. The incorporation was approved by the Ministry of Corporate Affairs on July 07, 2026.The new entity, Agastya Solar Power Private Limited, has an authorized share capital set at Rs. 15,00,000/-. For the subsidiary, the paid up and subscribed share capital is Rs. 1,00,000/-, divided into 10,000 equity shares of Rs. 10/- each.This development marks a strategic expansion for Sanginita Chemicals Limited as it moves forward with its various chemical manufacturing operations...

K.P. Energy Limited Commissions First Phase of 50.4 MW Wind Power ProjectK.P. Energy Limited has successfully completed the commissioning and achieved Commercial Operation Date (COD) for the first phase capacity of a significant Wind Power Project, marking a key milestone in the company's renewable energy portfolio. The project was declared commissioned as of July 8, 2026.The wind power development stands at the Vanki site in Nakhatrana, Kutch, Gujarat. This initial phase has a total capacity of 50.4 MW and comprises 16 Wind Turbine Generators (WTGs). Each WTG has a rated capacity of 3.15MW and is manufactured by Suzlon.The project was developed by K.P. Energy Limited for M/s. NTPC Renewable Energy Limited.This accomplishment...

P S Raj Steels Shareholders Approve 1:5 Stock Split to Boost Liquidity P S Raj Steels Limited, a prominent manufacturer of stainless steel pipes and tubes, announced that its shareholders approved a stock sub-division at the Extra-Ordinary General Meeting (EGM) held on Tuesday, July 7, 2026. The measure is intended to enhance market liquidity and encourage wider participation from retail investors.The resolution passed during the EGM specified the conversion of one equity share with a face value of ₹10 into five fully paid-up equity shares, each carrying a face value of ₹2. The Ordinary Resolutions were approved by 100.00% of the valid votes cast through remote e-voting, as certified by Scrutinizer, Akanksha Chugh & Associates...

Davangere Sugar Company Successfully Closes FCCB Issue, Raising USD 85 Million Davangere Sugar Company Limited announced the complete subscription and closing of its Foreign Currency Convertible Bond (FCCB) issue on July 8, 2026. The offering concluded with the company successfully raising USD 85 million.The board meeting outcome, held on July 3, 2026, detailed the opening of the FCCB issue, which had a maximum intended size of USD 100 million (equivalent to not exceeding INR 952,40,80,000). The bonds were structured with a 2% coupon rate.The offering involved the issuance of 1,000 unsecured Foreign Currency Convertible Bonds at a 15% discount of the issue price.The financial details of the concluded FCCB transaction are...

Infomedia Press Ltd Board Meeting Scheduled to Approve Q1 Unaudited Financial Results Infomedia Press Ltd has announced a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the quarter ended June 30, 2026. The board meeting is set to take place on Tuesday, July 14, 2026.The company also provided an update regarding the trading activity in its securities. As previously communicated, the trading window for Infomedia Press Ltd stocks has been closed since July 1, 2026. The trading will remain suspended until 48 hours after the unaudited financial results are made generally available on July 14, 2026.INFOMEDIA Stock Price Movement Today, shares of Infomedia Press Limited edged higher in the...

NALCO and NLCIL Forge Joint Venture for 1,080 MW Thermal Captive Power Plant in Odisha National Aluminium Company Limited (NALCO) has partnered with NLC India Limited (NLCIL) through a newly established Joint Venture Company (JVC). A Joint Venture Agreement was signed on July 8, 2026, to develop a large-scale thermal captive power plant at Angul, Odisha.The project aims to address the dedicated energy needs of NALCO’s 0.5 MTPA Aluminium Smelter Expansion Project. The JVC is set up for the development of a 4x270 MW (1,080 MW) Thermal Captive Power Plant. Beyond serving the captive power requirement, the venture also involves exploring long-term arrangements for renewable energy (RE-RTC) and continuous coal supply in the region.The...

Motilal Oswal Mutual Funds Enhance Holding in Sterlite Technologies Limited through Market Transactions Motilal Oswal Asset Management Company Limited reported an increase in its stake in Sterlite Technologies Limited across several of its mutual fund schemes. The acquisition was conducted via market transactions, moving the combined holding percentage from 4.7534% to 5.7196%.The Motilal Oswal Mutual Fund expanded its ownership in Sterlite Technologies Limited through this purchase. The funds involved in the increased stake include the Motilal Oswal Midcap Fund, Motilal Oswal Flexi Cap Fund, Motilal Oswal ELSS Tax Saver Fund, Motilal Oswal Large and Midcap Fund, Motilal Oswal Nifty Microcap 250 Index Fund, Motilal Oswal Active...

UTI AMC Allots 9,227 Equity Shares Under Employee Stock Option Scheme UTI Asset Management Company Limited has approved the allotment of equity shares under the ‘UTI AMC Employee Stock Option Scheme - 2007.’ The decision was made by the Nomination and Remuneration Committee on July 8, 2026.The committee approved the issuance of 9,227 equity shares to eligible employees pursuant to the exercise of options under the scheme. These new equity shares carry a face value of ₹10 each.This allotment results in an increase in the issued and paid-up share capital of the company. Prior to this transaction, the Company's issued and paid-up share capital stood at ₹ 1,28,52,53,380, representing 12,85,25,338 equity shares of face value of ₹10 each...

Quint Digital Ltd Completes Debenture Trust Deed Execution Quint Digital Ltd confirmed that the execution of its Debenture Trust Deed (DTD) has been completed. The company stated that the DTD was duly executed on July 8, 2026, following administrative processes.The completion of this deed marks a key milestone for the company's debenture obligations.Quint Digital Ltd noted that further detailed disclosure pertaining to this event will be provided at the time when the Non-Convertible Debentures are allotted.QUINT Stock Price Movement Shares of Quint Digital Limited slipped by 2.35% in post-market trading, settling at ₹39.09 today. The equity traded within a tight range, hitting a low of ₹38.99, as 5,571 shares were recorded during...

Vinit Mobile Limited Releases Key Managerial Personnel Contact Details Vinit Mobile Limited has released the details of its Key Managerial Personnel (KMP), specifying their roles and contact information for determining the materiality of events or disclosures. The appointments and authorizations were formalized during a Board meeting held on July 08, 2026.The company specified the authority and purpose of each KMP listed for handling material information. The authorized individuals include Mansi Mukeshkumar Jain, Vinit Ravi Shankar Jalan, and Himanshu Modi.The designated Key Managerial Personnel are detailed below:Sr. No.Name of KMPDesignationAuthority FocusContact Details1.Mansi Mukeshkumar JainCompany Secretary and...

Promoter Acquires Equity Shares in Current Infraprojects Limited Current Infraprojects Limited announced the acquisition of equity shares by its Managing Director and Promoter, Mr. Sunil Singh Gangwar. The acquisition was carried out through the open market over a single day.The company's stock exchange symbol is CURRENT. As a result of this purchase, Mr. Gangwar now holds 3200 equity shares, representing 0.0167% of the total paid up capital of Current Infraprojects Limited.Details concerning the two separate transactions are summarized below:Date of TransactionMode of TransactionNumber of Equity Shares AcquiredPercentage of Shareholding06.07.2026Buy16000.0083%06.07.2026Buy16000.0084%These acquisitions were executed on...

Magnus Steel and Infra Ltd Announces Key Director Resignations and Designation Change Magnus Steel and Infra Limited, formerly known as Magnus Retail Ltd, reported several significant changes in its board composition following a meeting held on July 8, 2026. The company confirmed the resignations of three directors and approved the elevation of one director's designation.As part of the updates, Mr. Chinmay Pradhan tendered his resignation as Managing Director. Mr. Prakash Salve stepped down from his role as Additional Executive Director, and Mrs. Aarti Singh resigned from her position as a Non-Executive Independent Director. All resignations were effective immediately following the close of business hours on July 8, 2026, citing...

Aditya Infotech Announces Final Dividend of Rs 1.64 Per Share; AGM Scheduled for August Aditya Infotech Limited has declared a final dividend amounting to Rs 1.64 per fully paid-up equity share, recommending it for approval at the upcoming Annual General Meeting (AGM). The company released communication details regarding the dividend and provided comprehensive guidance on Tax Deduction at Source (TDS) procedures for all shareholders.The Board of Directors held a meeting on Wednesday, May 27, 2026, where the final dividend was recommended for the Financial Year (FY) ended March 31, 2026. The dividend is payable to those shareholders recorded in the Register of Members or Depository records as beneficial owners as of the Record Date...