Markets

Pranik Logistics Approves Appointment of New Director, Plans AGM to Alter Memorandum of Association Pranik Logistics Limited announced several key decisions following its Board meeting held on July 3, 2026. Among the outcomes was the approval of Mr. Avinash Saigal as an Additional Executive Director, alongside proposals for significant amendments to the company's Memorandum of Association (MOA) and the scheduling of the 12th Annual General Meeting (AGM).The Board meeting approved the appointment of Mr. Avinash Saigal as an Additional Director in the executive category, effective from July 3, 2026. His tenure is set for a term of three consecutive years, pending ratification by the shareholders at the upcoming AGM.Mr. Saigal brings...

New Delhi Television Ltd Schedules Board Meeting for Q4 Results; Trading Window Closure Announced New Delhi Television Ltd has announced a forthcoming Board meeting to review and approve the un-audited financial results for the quarter ended June 30, 2026. The company also notified stakeholders regarding the closure and reopening of its trading window in accordance with applicable regulations.The Board of Directors meeting is slated for Tuesday, July 21, 2026. The primary agenda item for the meeting is the consideration and subsequent approval of both the Standalone and Consolidated Un-audited Financial Results of the company pertaining to the quarter concluded on June 30, 2026.In a related operational update, New Delhi Television...

Srestha Finvest Ltd Sees Director Changes; Appoints New Independent Board Member and Reconstitutes Key Committees Srestha Finvest Ltd has announced changes in its board structure following the resignation of two directors and the appointment of a new member. The company's Board of Directors approved these changes during a meeting held on July 03, 2026.Mr. Mayurdwajsinh Sahadevsinh Rana and Mr. Sahadevsinh Babubha Rana tendered their resignations from the Board of Directors effective July 01, 2026. Both directors cited personal reasons and increasing preoccupation with other professional and personal commitments as the reason for stepping down. Following these changes, it is confirmed that Mr. Mayurdwajsinh Sahadevsinh Rana will cease...

Bodhtree Consulting Ltd Approves Incorporation of 95% Foreign Subsidiary in United States for US Expansion Bodhtree Consulting Ltd has announced the approval of a Board resolution regarding the incorporation of a new majority-owned foreign subsidiary in the United States of America. The move is intended to expand the company's operational footprint into the North American market.The newly incorporated entity, which will operate under the name 'Datakosa Inc.' or another name approved by relevant authorities in the USA, will be focused on Information Technology and IT enabled services. The subsidiary’s objective is aligned with the main line of business of Bodhtree Consulting Ltd, facilitating its growth into the United States market...

Dabur India Reports Strong Q1 FY27 Update Amid Resilient Consumer Sentiment and Double-Digit Growth Expectations Dabur India Limited has provided a performance update for the quarter ended June 30, 2026 (Q1 FY27), highlighting sustained business trajectory and resilience despite challenging geopolitical headwinds and hyperinflationary pressures. The company indicated that detailed financial results and an earnings presentation will be shared once approved by its Board of Directors.The overall domestic business continues to demonstrate strong growth momentum. At a consolidated level, the company anticipates double-digit revenue growth for Q1 FY27.Segmental Highlights and Growth Drivers The India FMCG segment showed resilience and...

RBI Extends Operating Period for Industrial Co-operative Bank Ltd., Guwahati Citing Public Interest The Reserve Bank of India (RBI) has extended the operational directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Industrial Co-operative Bank Ltd., Guwahati. This extension comes following a history of regulatory oversight and modification concerning the bank’s operations.The decision by RBI signifies continued regulatory engagement with the cooperative financial institution in Guwahati. The directive specifies that the operation period has been extended for a further three months, subject to ongoing review processes.Extension Details Under Banking Regulation Act, 1949 The initial...

CRISIL Reaffirms Credit Ratings for Rashi Peripherals Ltd Amid Strategic Acquisition of VDA Infosolutions CRISIL Limited has reaffirmed the credit ratings for Rashi Peripherals Ltd (RPL), noting the company's established market position and ongoing diversification efforts, as detailed in its Credit Bulletin dated July 02, 2026. The reaffirmation includes a Long Term rating of CRISIL AA- (Stable) and a Short Term rating of CRISIL A1+.The ratings review took place against the backdrop of RPL's strategic move to acquire VDA Infosolutions Private Limited (VDA). Earlier announcements by RPL noted the acquisition of a 67% stake in VDA for Rs 368.50 Cr. The company has plans to complete the full 100% acquisition of VDA in a staggered manner...

India Ratings Withdraws Jaiprakash Power Ventures Limited's Bank Loan Facility Rating India Ratings and Research Pvt Ltd. has withdrawn the credit rating assigned to Jaiprakash Power Ventures Limited's bank loan facilities following a withdrawal request from the company. The specific facility, valued at 5,000 million Rs, had previously held an IND A2+ rating with a Watch outlook.The decision by India Ratings is consistent with the agency's Policy on Withdrawal of Ratings, as Ind-Ra indicated that they are no longer required to maintain coverage for the instrument after receiving the request from JPVL.Rating Action and Financial Details The withdrawn facility pertains to bank loan facilities, which were assessed at a size of 5,000...

Ambuja Cements Allots Equity Shares Following Scheme of Arrangement with Sanghi Industries Limited Ambuja Cements Limited has completed the allotment of equity shares to eligible shareholders of Sanghi Industries Limited following a Scheme of Arrangement, which was approved by the National Company Law Tribunal (NCLT). The shares allotted represent the outcome of the transaction between Ambuja Cements and Sanghi Industries.The NCLT, Ahmedabad Bench, had approved the scheme via an order dated February 9, 2026, making the arrangement effective from March 12, 2026. As part of the agreed terms, Ambuja Cements set April 6, 2026, as the Record Date to determine the list of eligible shareholders from Sanghi Industries entitled to receive the...

National Standard (India) Ltd Appoints Two New Additional Directors and Reports Cessation of Independent Director National Standard (India) Limited has announced changes to its board of directors, approving the appointment of two new additional directors and reporting the cessation of an independent director. These appointments and changes are effective from July 2026.Mr. Vikas Jain was appointed as an Additional (Non-Executive, Non-Independent) Director, effective from July 6, 2026. Mr. Jain is a Chartered Accountant and holds a Bachelor's degree in Commerce from Mumbai University. He brings over 19 years of extensive expertise across retail credit, mortgages, home loan services, credit risk management, auto and mortgage lending. His...

Jagran Prakashan Ratings Reaffirmed by CRISIL for Debt Instruments and Loan Facilities Jagran Prakashan Ltd has received credit rating reaffirmations from CRISIL Limited regarding various debt instruments. The ratings cover the company's non-convertible debentures, as well as its total bank loan facilities and commercial paper offerings.CRISIL Limited reaffirmed the ratings across different segments of Jagran Prakashan’s fixed income portfolio. For the Long term rating concerning Non-convertible Debentures, CRISIL maintained a rating of AA+/Stable for an amount of 50 INR crores. The company's Total bank loan facilities also received a long term rating of AA+/Stable, rated at 285 INR crores.The rating reaffirmations cover both...

ICICI Bank Recommends Final Dividend of ₹1.2 Per Share for FY 2025-26; Outlines TDS Requirements ICICI Bank Limited has announced the recommendation of a final dividend for its shareholders, detailing the tax deduction at source (TDS) requirements applicable to both resident and non-resident investors for the financial year ending March 31, 2026.The Board of Directors, during a meeting held on April 18, 2026, recommended the payment of a final dividend amounting to ₹1.2 per equity share. This represents 60% of the face value, which is ₹2 each. The dividend is scheduled for payment to shareholders who meet the criteria as of the record date, set for August 3, 2026, pending approval at the 32nd Annual General Meeting scheduled for...

Ashika Global Securities Acquires 26% Stake in Credit Rating Agency Resurgent India Rating Ashika Global Securities Limited, formerly known as Ashika Credit Capital Ltd., has announced a strategic move into the financial services sector by acquiring an equity stake in Resurgent India Rating Private Limited (RIRPL). The acquisition aims to expand the company’s presence across various aspects of the financial industry.The decision was reached by the Finance Committee of Ashika Global Securities Limited at its meeting held on July 3, 2026. Through this transaction, Ashika Global Securities will acquire a 26% equity stake in RIRPL, which operates as a Credit Rating Agency (CRA).Details regarding the acquisition specify that the purchase...

India-Mali Trade Soars past $326 Million: Forum Ignites Bilateral Growth in Energy and Textiles Strengthening Ties at Inaugural India-Mali Forum India and Mali have solidified their expanding economic partnership with the institution of the inaugural India-Mali Forum for the Promotion of Exports. Held in Bamako, this two-day event set a clear agenda for deeper trade and investment cooperation between the two nations.The forum, held under the theme "Reinforcing Trade and Strategic Partnerships," was overseen by the Prime Minister of the Transition Government of Mali, H.E. Major General Abdoulaye Maïga. The initiative was jointly organized by the Ministry of Industry and Trade of Mali, the Embassy of India in Bamako, and the Malian...

Radha Madhav Corporation Limited Certifies Non-Applicability of Governance Reporting Based on Financial Metrics Radha Madhav Corporation Limited has confirmed that certain Corporate Governance requirements are not applicable to the company, based on its paid-up capital and net worth falling below specified thresholds over the last three financial years.The assessment indicates that both the company's Paid-up Capital and Net Worth do not exceed Rs. 10.00 Crores and Rs. 25.00 Crores, respectively. This status makes compliance with specific corporate governance provisions non-mandatory for the entity.Financial data provided by the Practicing Company Secretary shows the performance metrics across the three financial years...

Subhash Kutte Resigns as Non-Executive Director of Centrum Capital Limited Centrum Capital Limited has seen the resignation of Mr. Subhash Gundappa Kutte, a Non-Executive Director of the company. The resignation will be effective from July 4, 2026.Mr. Kutte submitted his resignation due to pre-occupation commitments. In his letter, he clarified that there were no other reasons for stepping down and extended thanks to fellow Board Members for his time with Centrum Capital Limited.The key details of the director's cessation are summarized below:Director NameCompanyCessation DateReason for ResignationSubhash Gundappa KutteCentrum Capital LimitedJuly 4, 2026Pre-occupationCENTRUM Stock Price Movement Centrum Capital Limited...

7NR Retail Ltd to Hold Board Meeting to Discuss Acquisition of CJPL Equity Shareholding 7NR Retail Ltd has scheduled a Board Meeting to address key strategic decisions concerning the potential acquisition of equity in M/s. Cultureantique Jewellery Private Limited (CJPL). The meeting is set for Wednesday, July 8, 2026, at 4:00 P.M.The agenda for the Board includes approving the acquisition price for up to 90,00,000 equity shares of M/s. Cultureantique Jewellery Private Limited (CJPL). This transaction is planned to be settled through the issuance and allotment of fully paid-up equity shares of 7NR Retail Ltd. via a share swap, determined in accordance with relevant regulations, for the discharge of the entire purchase consideration to...

Market Resilience Tested as Global Equity Surges Amid Geopolitical Turbulence: Key Insights from SEBI Bulletin June 2026 Domestic Capital Mobilisation Moderates Amid Investor Caution Overall capital mobilization across equity, debt, and REITs/InvITs saw a decline in May 2026. Total fundraising stood at ₹ 72,075 crore, down from ₹ 93,036 crore recorded in April 2026. This slowdown was attributed to cautious investor sentiment triggered by heightened geopolitical uncertainties in West Asia.The debt segment remained the primary driver of funding, raising over ₹ 50,564 crore, predominantly through private placements. Conversely, the equity segment saw limited public activity, with 13 IPO listings collectively mobilizing ₹ 1,577 crore. The...

RBI Slams GIC Housing Finance with Penalty as KYC Compliance Lapses Surface The Reserve Bank of India (RBI) has imposed a significant monetary penalty on GIC Housing Finance Limited. The company was penalized ₹3.10 lakh following non-compliance issues related to specified provisions within the 'Reserve Bank of India (Know Your Customer (KYC)) Directions.'This regulatory action was finalized by RBI under an order issued on June 24, 2026. The penalty highlights continued vigilance by the central bank regarding compliance standards among financial institutions operating in the housing finance sector.Deficiency in Risk Management and Compliance Standards The penalty stems from statutory inspection conducted by the National Housing Bank...

Manak Gupta Promoted to Managing Editor at News24 Broadcast India Limited BAG Network announces that Mr. Manak Gupta has been promoted to the position of Managing Editor for News24 Broadcast, effective immediately.The promotion comes as part of B.A.G. Films and Media Limited's move to reinforce its commitment to innovation and operational excellence within its subsidiary, News24 Broadcast India Limited.Mr. Gupta, a long-standing member of the organization since 2010, brings extensive experience to his new role. He has garnered over 15 years of anchoring expertise, combining on-screen knowledge with strong editorial judgment and leadership capability.In addition to his editorial duties, Mr. Gupta is associated with the flagship...