Markets

Trade Pact Breakthrough: India Accelerates AITIGA Negotiations to Bolster $128 Billion Bilateral Ties with ASEAN Nations India Hosts High-Level Meeting to Advance ASEAN-India Trade Agreement Review New Delhi served as the crucial host for the 13th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee (JC). Held at Vanijya Bhawan, the hybrid meetings took place from July 6 to 10, 2026. The primary focus of the gathering was reviewing the ongoing progress and strengthening the negotiations under the AITIGA Review framework.The meeting provided a vital platform for deepening cooperation between India and ASEAN members. Strategic guidance was given by the Joint Committee to its various sub-committees working in...

Heritage Foods Ltd Announces Board Meeting to Discuss Q2 Un-Audited Financial Results Heritage Foods Ltd has scheduled a meeting of its Board of Directors for Thursday, July 16, 2026. The board meeting is set to review and approve key financial aspects related to the company's performance during the quarter ended June 30, 2026.The agenda includes considering and approving the Un-Audited Financial Results, covering both Standalone and Consolidated results for the period. Additionally, the Board will review the Limited Review Report provided by the Statutory Auditors regarding these un-audited financial figures.In relation to insider trading practices, the company has specified that the trading window for equity shares of Heritage...

Geopolitical Tensions Escalate: US Strikes Iran, Oil Prices Surge as Strait of Hormuz Risk Rises The latest military escalation between the United States and Iran has driven crude oil prices higher amid fears surrounding the crucial shipping lanes of the Strait of Hormuz. The situation highlights increasing regional instability, even as some market factors temper the full impact of the conflict compared to previous peaks.US Strikes Targets and Escalation Details US Central Command (CENTCOM) reported striking over 80 Iranian targets in retaliation for accusations that Tehran had attacked three commercial vessels near or travelling through the Strait of Hormuz. These targeted facilities included air-defence systems, command networks...

SEBI Rules Shake Up Market Practice: Intraday Borrowing Permitted for Mutual Funds Facing Cash Flow Gaps SEBI Amends Mutual Fund Regulations to Ease Intra-Day Lending Constraints The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the Securities and Exchange Board of India (Mutual Funds) Regulations, 2026. The changes, notified on July 3, 2026, aim to provide greater operational flexibility to mutual funds concerning liquidity management and timing mismatches between inflows and outflows.The new regulations specify conditions under which mutual funds can utilize intraday borrowing facilities. These adjustments are made in accordance with the powers conferred by Section 30 read with Section...

Kusumgar Ltd IPO Alert: Geojit Financial Recommends 'Subscribe' Amid Robust Defence and Aerospace Fabric Market Company Profile and Core Business Focus Kusumgar Ltd., established in 1990, specializes in the sophisticated manufacture of woven, coated, and laminated synthetic fabrics. These products are classified as engineered fabrics, with their product portfolio centered on polyamide and polyester filaments combined with polyurethane chemistry. The company maintains a highly diversified offering across several demanding sectors, including aerospace and defence, industrial and automotive applications, and outdoor and lifestyle segments.Kusumgar’s expertise extends far beyond raw fabric production. They manufacture finished goods...

Dhabriya Polywood Ltd’s Credit Rating Upgraded by CRISIL Amid Enhanced Profitability and Operational Growth CRISIL Ratings has upgraded the credit rating for Dhabriya Polywood Limited (DPL) regarding its long-term bank facilities, reflecting improved operational performance and a healthy financial risk profile. The upgrade was issued in July 2026 following an evaluation of the company's business and financial standing across the group entities.The rating action focused on the bank facilities for DPL, which received the upgraded rating from CRISIL from BBB/Stable to BBB+/Stable. This facility relates to a total amount of Rs 35 Crore in long-term bank loans.Financial Performance and Rating Insights The upgrade is attributed to...

Aluminium Crisis: Govt Panel Recommends Scrap Duty Scrapping as Global Prices Surge and Supply Tightens A mines ministry joint working group has built consensus on removing the 2.5 percent import duty imposed on aluminium scrap. Sources indicate that this recommendation is likely to be submitted to the finance ministry this month for a final decision. The move aims to mitigate the impact of an inverted duty structure that is reportedly hindering domestic competitiveness.The proposal addresses serious concerns faced by downstream manufacturers, including recyclers and component makers. These companies are forced to import scrap material and pay the applicable duty while competing against finished aluminium products entering India from...

Consortium of Indian Entities and PERMINAS Signs MoU for Critical Minerals Development in Indonesia Midwest Energy Limited, alongside Midwest Limited and the Non-Ferrous Materials Technology Development Centre (NFTDC), has entered into a Memorandum of Understanding (MoU) with PT Perusahaan Mineral Nasional (Persero) (PERMINAS). The collaboration focuses on evaluating potential joint ventures across the rare earth value chain within Indonesia.The MoU establishes a framework for the consortium to assess opportunities ranging from upstream exploration and resource assessment through mining, processing, extraction, refining, and downstream manufacturing in general. Specifically, the agreement covers Rare Earth magnet production...

Continental Securities Ltd Increases Paid-up Capital Following Warrant Conversion to Equity Shares Continental Securities Ltd has seen an increase in its paid-up equity capital following the Board of Directors' decision to approve the conversion of warrants into equity shares. The company processed the allotment of 5,00,000 fully paid-up equity shares to a promoter group allottee.The resolution was passed by the Company's Board on July 8, 2026. This move follows a special resolution passed by shareholders in January 2025 and subsequent principle approval from BSE Limited received on January 29, 2025.Financial Impact of Conversion The conversion resulted in an increase in the company’s paid-up equity capital. Prior to the...

Leadership Shakeup at Julien Agro Infratech as Key Directors Tender Resignations Julien Agro Infratech Ltd has seen multiple changes in its leadership structure, with the company accepting several resignations of its directors and senior executives. The Board of Directors approved these transitions during a meeting held on July 7, 2026.The company accepted the resignation of Mr. Lalit Sureka as Managing Director and Chief Executive Officer, effective July 7, 2026. Prior to this, Mr. Sureka had submitted his resignation from the position of Managing Director and CEO due to other professional commitments.In addition to Mr. Sureka's departure, the company also accepted the resignation of Mr. Sandip Dalmia, who served as Whole Time...

Key Leadership Changes at Julien Agro Infratech as Directors Resign Julien Agro Infratech Ltd has seen multiple departures from its leadership team and board, effective July 07, 2026. The company announced the acceptance of resignations spanning top management roles to independent directorship positions following a recent Board meeting.The changes affect several key members of the company’s senior ranks. Mr. Lalit Sureka tendered his resignation from the position of Managing Director and Chief Executive Officer. Simultaneously, Mr. Sandip Dalmia resigned as Whole-Time Director and Chief Financial Officer.In addition to these C-suite departures, three Non-Executive Independent Directors (NEIDs) have also submitted their resignations...

Kusumgar IPO Subscription Hits 32% on Day One; Grey Market Premium Signals Potential Listing Surge The Kusumgar Limited Initial Public Offering (IPO) has garnered a solid investor response on its first day of bidding. The Rs 650-crore issue, which opened today, July 8, was subscribed to approximately 32 percent by 10:30 AM. This offer will remain open for investors through July 10.According to data from the National Stock Exchange (NSE) up to 10:30 AM, total bids amounted to 36,42,100 against 1,14,68,094 shares offered across all categories. This translates to an overall subscription level of nearly 0.32 times the issue size.Subscription Breakdown and Market Sentiment Non-institutional investors led the initial bidding process...

Polychem Ltd Fixes July 17, 2026, as Record Date for Final Dividend of Rs 20 Per Share Polychem Ltd has set Friday, July 17, 2026, as the record date for members regarding the dividend payout for the financial year ending March 31, 2026. This action follows approval by the Board concerning a final dividend payment.The company confirmed that the final dividend is Rs 20/- per equity share, against an equity share value of Rs 10/-, representing 200% on the equity shares.Members whose names appear in the Company's Register of Members as of July 17, 2026, will be eligible to receive the dividend if it is declared at the ensuing Annual General Meeting (AGM). The final dividend will be paid within 30 days of the AGM date.Stock Price...

Gujarat Poly Electronics Ltd Fixes Record Date for Potential Dividend Payout Gujarat Poly Electronics Ltd has announced the record date for shareholders regarding a potential final dividend payment for the financial year ended March 31, 2026. The company has set July 17, 2026 as this crucial date.The announcement confirms that the company had approved a final dividend amounting to Rs 0.50 per equity share. This dividend represents a 5% payment on the equity shares of the company, which are valued at Rs 10/- each.Shareholders whose names appear on the Company's Register of Members as of Friday, July 17, 2026, will be eligible for the payment. The final dividend, pending its declaration at the ensuing Annual General Meeting (AGM), is...

Ola Electric Clarifies Media Reports Regarding Supplier Disputes and Legal Proceedings Ola Electric Mobility Limited has issued a clarification regarding media reports concerning disputes with two suppliers, confirming active legal processes aimed at resolving performance and warranty concerns.The Company addressed the coverage in mainstream media related to negotiations and events surrounding supplier issues. Ola Electric confirmed that it had raised warranty and performance-related concerns concerning certain parts provided by Anevolve Mando E-Mobility Private Limited and Sterling E-Mobility Solutions Private Limited, which remained unresolved.In response to these issues, the Company initiated arbitration proceedings against both...

Cement Margins Face Squeeze as Input Costs Surge amid Volume Growth Outlook Q1FY27 Earnings Preview: Fuel Costs Weigh on Cement Profitability despite Strong Volume Demand The Indian cement industry is projected to achieve healthy volume growth in the June quarter, yet profitability remains under pressure. Nomura's Q1FY27 earnings preview indicates that escalating fuel and packaging costs are expected to offset the benefits of improved trade prices. The brokerage forecasts that the sector will deliver 6-7% year-on-year organic volume growth during the quarter, with strong demand continuing toward the end of the period.Average trade prices for cement saw a sequential improvement of 3%, reaching approximately Rs 326 per bag, thanks to...

Intellect Recognized in Forrester Report as Notable Vendor for eMACH.ai Retail 6DX POS Solutions Intellect Design Arena Ltd., a global leader in AI-First, enterprise-grade financial technology, has been included in Forrester's report, 'The Point-Of-Service Solutions Landscape, Q2 2026'. This recognition highlights the growing relevance of Intellect’s eMACH.ai Retail 6DX Platform in shaping how retailers modernize their omnichannel checkout processes, empower store teams, and unify operations to deliver seamless shopping experiences.The Forrester research provides an overview of 20 POS vendors and serves as a guide for digital business strategy professionals evaluating solutions that support advanced retail needs. The report positions...

Tilaknagar Industries Reports Record Monthly Sales of 3.4 Million Cases in June 2026, Highlights Premiumization Strategy Tilaknagar Industries Ltd. (TI), a leading alcoholic beverage company in India, announced that it achieved record sales volumes for the month of June 2026, reaching a combined volume of 3.4 million cases. This performance was driven by strong business from Imperial Blue Whisky and Mansion House Brandy.The company recorded its highest monthly sales volume in June 2026. In addition to June, the combined business had also exceeded the three million case mark in May 2026. During both months, Imperial Blue Whisky crossed two million cases, indicating sustained consumer demand across key markets.Mr. Nishant Jain, Chief...

Sensex Bounces Back Amid Volatility as Nifty Holds Near Key Levels Despite Geopolitical Tensions Equity benchmarks Sensex and Nifty managed to pare their losses on July 8, showcasing a degree of resilience despite global instability. The indices saw periods of recovery, driven primarily by strategic value buying in the market.At the mid-morning trading session, the Sensex showed signs of strength, having risen 300 points from its daily low. Meanwhile, the Nifty index was near reclaiming the crucial 24,300 mark.Market Performance Snapshot and Trading Trends As reported at 10:43 am, the Sensex stood at 77,832.92. This reflected a decline of 347.80 points, corresponding to a 0.44% dip for the index.The Nifty traded at 24,290.30...

Patspin India Receives Notice From Central Bank of India Regarding Working Capital Loan Default Patspin India Ltd has received a notice from M/s Central Bank of India concerning the possession of the Company's assets and properties. The notice was received on July 7, 2026.The action stems from the default in repayment of the Working Capital Term Loan provided by M/s Central Bank of India, identified as the company’s banker.This development relates to the enforcement of security interest concerning Patspin India Ltd.'s assets and properties following the loan repayment default.Stock Price Movement Patspin India Ltd. settled on Tuesday at ₹7.12, declining 0.70% in post-market trading. The shares experienced a volatile day, ranging...