Markets

Tech Rally Fires Up Battle: BlackRock Launches Nasdaq ETF to Challenge Invesco's Dominance Amid AI Demand Surge BlackRock has announced a significant move into the tech investment space, debuting an exchange-traded fund designed to track the technology-heavy Nasdaq-100 index. This new offering aims directly at meeting surging investor demand for exposure to the fast-paced, AI-driven stock market rally. The iShares Nasdaq 100 ETF, offered by the world's largest asset manager, is set to begin trading on Thursday.BlackRock Challenges Established Players in Nasdaq Market The introduction of this fund positions BlackRock as a major challenger to incumbent leaders in the sector. The new iShares offering will compete directly with Invesco’s...

Mangalam Worldwide Limited Announces Equity Sub-Division with New ISINMangalam Worldwide Limited has announced a significant corporate action regarding its equity shares, detailing the sub-division of its stock and providing a new International Securities Identification Number (ISIN).The company confirmed the sub-division of its equity shares, which were previously valued at Rs. 10/- to Re. 1/-. This change is effective for all trades commencing on July 10, 2026.The updated financial identifiers for Mangalam Worldwide Limited are as follows:Company NameScrip CodeNew ISIN No.ActionMangalam Worldwide Limited544764INE0JYY01029Sub-Division of Equity Shares from Rs.10/- to Re. 1/-The new ISIN number, INE0JYY01029, will be...

IC Electricals IPO Plummets Demand: Railway Solutions Provider Shatters Expectations with 390X+ Subscription The Initial Public Offering (IPO) of IC Electricals Company, a specialist in engineering solutions for Indian Railways, garnered tremendous investor interest. The stock saw a phenomenal subscription rate of 390.82 times on the final day of bidding on July 7. This massive demand underscores the market's strong appetite for high-quality railway infrastructure providers.The offering received substantial backing across all investment segments. A total of 135.67 crore equity shares were bid for during the three-day subscription period against the offer size of 34.71 lakh shares. The total value of bids collected reached an...

DS Kulkarni Developers Approves Acquisition of Moonbrick Realty for Business Expansion; Appoints New Company Secretary DS Kulkarni Developers Limited has announced a significant move toward business expansion by approving the acquisition of 100% equity stakes in M/s. Moonbrick Realty Private Limited. The Board meeting, held on July 7, 2026, also authorized the appointment of CS Rishika Verma as the new Company Secretary and Compliance Officer.The approval pertains to entering into a Share Purchase Agreement (SPA) concerning the acquisition of Moonbrick, a company incorporated in Pune, Maharashtra. This move aims to bring Moonbrick under the umbrella of DS Kulkarni Developers Limited as a wholly owned subsidiary.Acquisition Details...

Varvee Global Incorporated Wholly-Owned Subsidiary in Renewable Energy Sector Varvee Global Limited has announced the incorporation of its wholly-owned subsidiary, Varvee Energy Private Limited, following approval by the Registrar of Companies. The subsidiary was formally incorporated on July 07, 2026, and is focused on operations within the renewable energy sector.The incorporation establishes Varvee Energy Private Limited as a Wholly-owned Subsidiary (WoS) of Varvee Global Limited, which will also constitute a related party under applicable regulations. The entity specializes in renewable energy, including generation, transmission, distribution, supply, trading, storage, and allied activities related to sustainable energy solutions...

Meesho Limited Confirms Resignation of General Manager - Business Meesho Limited has confirmed that Ms. Megha Agarwal, a Senior Management Personnel, has resigned from her position as General Manager - Business due to personal reasons. The company confirmed that she was relieved from her duties effective July 07, 2026.Ms. Agarwal's resignation marks the departure of key personnel from the organization. According to the disclosed details regarding the change in management, the specifics of her role and cessation are as follows:ParticularsDetailsName of Senior Management PersonnelMs. Megha AgarwalReason for changeResignation due to personal ReasonsCessation DateJuly 07, 2026The resignation was formally submitted by Ms...

Actian Expands Data Management Portfolio with Jaspersoft Integration Actian, the data and AI division of HCLSoftware, has expanded its offerings by combining Jaspersoft's embedded analytics and reporting capabilities with its existing data management portfolio. This strategic move follows HCLSoftware’s completion of the acquisition of Jaspersoft.The expansion aims to provide customers a seamless path from raw data to actionable insights while organizations scale their AI initiatives. Marc Potter, CEO of Actian, stated that the addition is critical as companies need trusted data and insights to support effective decision-making in the age of AI.Actian is committed to developing the Jaspersoft roadmap, with planned enhancements...

Arisinfra Solutions Limited Board Approves Statutory Auditor Appointment and Sets Date for 5th AGM Arisinfra Solutions Limited, in a meeting held on Tuesday, July 07, 2026, approved several key corporate appointments and announced the date for its forthcoming Fifth Annual General Meeting (AGM). The decisions included appointing M/s. M S K C & Associates LLP as the Statutory Auditors and Dhrumil M Shah & Co. LLP as the Scrutinizer for the AGM.The Board of Directors, acting on the recommendation of the Audit Committee, approved the appointment of M/s. M S K C & Associates LLP, a Chartered Accountancy firm, to serve as the company's Statutory Auditors. The appointment grants the firm a five year term, commencing from the conclusion of...

Orient Paper & Industries Announces 90th AGM Details and Book Closure for Shareholders Orient Paper & Industries Limited has announced the details for its 90th Annual General Meeting (AGM). The meeting is scheduled to be held on Friday, July 31, 2026, at 2:30 P.M. (IST). The AGM will be conducted via Video Conferencing (VC) or other Audio-Visual Means (OAVM).In relation to the General Meeting, the company has specified a book closure period for its shareholders. This measure is necessary to facilitate transactions related to the 90th AGM.The details regarding the security and the book closure are as follows:Security IdentificationType of SecurityBook Closure PeriodPurposeBSE Scrip Code: 502420 / NSE Symbol: ORIENTPPREquity...

CCI Greenlights Massive Acquisition: upGrad Set to Surge into Online Test Preparation Market via Sorting Hat Merger Regulatory Clarity Achieved as upGrad Acquires Sorting Hat Technologies The Competition Commission of India (CCI) has approved a significant combination involving the education sector. UpGrad Education Private Limited has acquired shares in Sorting Hat Technologies Private Limited, marking a strategic move set to redefine market presence within India's rapidly growing online learning space. This merger allows the Acquirer to enter the specialized segment of online test preparation—a domain where it previously held no direct foothold.The approval confirms that the proposed combination is compliant under Regulation 13(2)...

Frontline Corporation Reports Financial Results for FY2026; Auditor Issues Qualified Opinion Due to Legal Disputes Frontline Corporation Ltd has released its standalone financial results for the quarter ending March 31, 2026, alongside its annual audited statements. The company's performance shows variations across segments, while the auditor qualified their opinion concerning several ongoing legal matters related to non-performing assets (NPA) and asset possession.The company provided segment-wise revenue and results, indicating strong financial activities in certain areas during the reported period. A detailed overview of the P&L and balance sheet is available, highlighting the operational performance across different geographical...

Redington Ltd Reports on ESG Performance: Highlights Sustainability Commitments and Social Impact Initiatives for FY 2025-26 Redington Limited has released its Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26. The report provides detailed insights into the company's operational scale, environmental stewardship, employee welfare programs, and commitment to inclusive growth across various stakeholders.The company is engaged primarily in the wholesale distribution of technology products, accounting for 99.14% of its turnover. Redington operates nationally and internationally, managing a network that spans 28 states domestically and 32 countries abroad. Financial details include a paid-up...

Vardhman Special Steels Dematerializes 128 Equity Shares in June 2026 Vardhman Special Steels Limited has completed the process of dematerializing equity shares for the month of June 2026. The company confirmed that a total of 128 equity shares were successfully dematerialized after thorough verification of the corresponding physical share certificates.Following the dematerialization, the physical Share Certificates have been cancelled and registered with the Depository as Registered Owners in the company's records.The details regarding the dematerialization across both clearing houses are provided below:Dematerialisation Status by Depository NSDL Dematerialisation Details A total of 56 shares were dematerialized through NSDL...

Magadh Sugar & Energy Limited Announces 12th Annual General Meeting and Key Dates for FY 2025-26 Magadh Sugar & Energy Limited has announced the date for its 12th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled to be held via Video Conference or other Audio-Visual Means.The company has issued a notice regarding the upcoming AGM, along with the Annual Report 2025-26. For shareholders whose email addresses are not registered with the Company or its Registrar and Share Transfer Agent (RTA) or Depository Participants (DPs), the Notice of the AGM and the Annual Report can be accessed on the company’s official website.Key details pertaining to the 12th Annual General Meeting have been set out by the...

Government Promotes Offer for Sale of Equity Shares in Cochin Shipyard Limited Cochin Shipyard Limited is conducting a public offer for the sale of equity shares by its Promoter, representing a stake held through the Ministry of Ports, Shipping and Waterways, Government of India. The Offer involves two stages: a Base Offer and an Oversubscription Option.The Promoter has offered up to 66,29,636 Equity Shares of the Company in the initial phase. This amount represents 2.52% of Cochin Shipyard Limited's total paid up equity share capital.There is an additional Oversubscription Option available, allowing for a further sale of 66,29,636 Equity Shares, which also represents 2.52% of the total issued and paid up equity share capital of the...

Soma Textiles Confirms Record Date for Final Dividend Payment Soma Textiles & Industries Ltd has confirmed the Record Date designated for determining entitlement to its final dividend. The company specified that the official Record Date is July 17, 2026, a detail which was disclosed in the Company's Annual Report.The confirmation addresses queries regarding the determination of eligibility for the final dividend payment.Soma Textiles and Industries Ltd also provided clarification concerning regulatory requirements following an amendment to relevant regulations. The company stated that it has taken note of the omission of Sub-regulation (5) of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations...

Coffee Day Enterprises Reports Significant Loan Defaults Amid Liquidity Crisis Coffee Day Enterprises Limited has disclosed the status of its debt servicing for the quarter ended June 30, 2026. The company noted that the delays encountered in debt servicing are attributable to a Liquidity Crisis.The disclosures provided detailed the financial indebtedness and defaults across various lending categories as of the reporting date.Focusing on loans and revolving facilities such as cash credit from banks or financial institutions, the total outstanding amount stands at 89.04 INR Crore. Of this figure, 72.88 INR Crore is reported as being in default. The default specifically relating to the payment of interest on these loans amounts to...

Kovai Medical Center & Hospital Ltd To Hold Board Meeting Regarding Un-audited Financial Results for Q1 FY27Kovai Medical Center and Hospital Limited has scheduled a board meeting to review the un-audited financial results for the quarter ended June 30, 2026.The company announced that its Board of Directors will convene on August 07, 2026, to consider among other matters, the Un-audited Financial Results for the period ending June 30, 2026.In anticipation of the results announcement, the company specified that a trading restriction period will be implemented. The trading window for securities of Kovai Medical Center and Hospital Limited will remain closed up to 48 hours following the declaration of the Un-audited Financial Results...

Konstelec Engineers Limited Forms Joint Venture with Hindustan Construction Company to Pursue Nuclear Infrastructure Projects Mumbai: Konstelec Engineers Limited has established a strategic joint venture agreement with Hindustan Construction Company Limited (HCC). This partnership aims to jointly participate in the bidding process and subsequent execution of upcoming nuclear infrastructure projects in India, bolstering Konstelec's presence in the critical infrastructure sector.The Joint Venture is focused on undertaking Engineering, Procurement and Construction (EPC) services for nuclear infrastructure. The scope includes participation in tenders related to the design, engineering, procurement, construction, installation, testing, and...

Honasa Consumer Ltd Incorporates Wholly Owned Subsidiary Honasa Health Private LimitedHonasa Consumer Ltd has completed the incorporation of a new entity, Honasa Health Private Limited, marking its expansion through a wholly owned subsidiary. The company confirmed that Honasa Health Private Limited was formally incorporated as its subsidiary on July 7, 2026.The incorporation process culminated with the Company receiving the Certificate of Incorporation from the Ministry of Corporate Affairs via email on the same day, specifically at 12:33 pm (IST). This move signifies a strategic organizational development for Honasa Consumer Ltd.HONASA Stock Price Movement Shares of Honasa Consumer Limited settled down by 0.93% today, closing at...