Markets

Voltamp Transformers Declares Dividend and Schedules Annual General MeetingVoltamp Transformers Limited has announced the entitlement details for its shareholders regarding the financial year 2025-26, alongside setting out the schedule for the upcoming Annual General Meeting (AGM). The company confirmed that Friday, July 24, 2026, will serve as the Record Date.The declaration entitles shareholders to a dividend of ₹100/- (@1000%) per Equity Share. This payment is based on the shares having a face value of Re. 10/- each and being fully paid-up for the financial year 2025-26.To facilitate shareholder participation, Voltamp Transformers has established specific timelines for the AGM and related voting procedures. The schedule...

Retail Credit Surges as NBFCs Deploy Funds; Agriculture and Housing Loans Drive 14.2% Sectoral Growth Non-Banking Financial Companies (NBFCs), including housing finance companies (HFCs), are witnessing a robust expansion in their credit deployment, according to provisional data released by the Reserve Bank of India (RBI) for May 2026. The overall credit registered by NBFCs saw a strong year-on-year growth of 14.2 per cent in May 2026, significantly outpacing the 11.4 per cent growth recorded one year prior.This sustained growth is being propelled primarily by the retail lending segment, which has maintained high momentum across various consumer categories. The RBI data highlights specific sectoral performances, showing mixed but...

No Penalty for RHI Promoter as SEBI Finds Insufficient Proof of Insider Trading Allegations SEBI has delivered a significant verdict in the insider trading case against Mr. Raj Kumar Agarwal, promoter of Hi-Tech Chemicals Limited concerning RHI Magnesita India Ltd. (RHI). The Adjudicating Officer concluded that there was insufficient evidence to establish that the noticee traded while in possession of Unpublished Price Sensitive Information (UPSI) related to RHI's proposed acquisition of Dalmia OCL Limited (DOCL), thus disposing of the adjudication proceedings without imposing any monetary penalty.The findings address serious allegations regarding a transaction that involved connections between the promoter and senior management of...

Hindustan Unilever Ltd to Hold Board Meeting to Review Q1 2026 Financial Results Hindustan Unilever Limited has scheduled a meeting of its Board of Directors to review the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The event is slated for Tuesday, July 28, 2026.The Board Meeting will be held to consider the company’s Unaudited Standalone and Consolidated Financial Results corresponding to the period ending June 30, 2026. Attendees will also review the Limited Review Report of the Auditors for the same quarter.Following the Board Meeting on July 28, 2026, Hindustan Unilever Limited will host an Investors Call. During this session, a presentation regarding the company's Financial...

IKIO Technologies Releases Sustainability Report, Highlights Commitment to Zero Liquid Discharge and Sustainable Manufacturing IKIO Technologies Ltd, specializing in the design and manufacturing of LED lights, has released its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's operational scope, workforce statistics, commitment to environmental standards, and stakeholder engagement practices.The company operates across both national and international markets. Its core business activity is manufacturing and designing LED lights, which accounts for 100% of its turnover. IKIO Technologies serves 20 states nationally and has presence in two countries internationally. The...

Voltamp Transformers Pledges Sustainable Growth, Committing to Net-Zero Goals and Social Impact by 2030 Voltamp Transformers Ltd., a manufacturer of electrical transformers and power solutions, has reinforced its commitment to responsible business conduct, detailing significant progress across environmental stewardship, social responsibility, and ethical governance for the financial year 2025-26. The company outlines how sustainable operations are integrated into its core strategy, aiming to create long-term value while contributing to broader global sustainability priorities.The company’s Board Sustainability Committee oversees the implementation of the Business Responsibility and Sustainability Policies, emphasizing that...

NCLAT Verdict Shatters 'Holy Ganges' Notion: PMLA Proceedings Override Insolvency Moratorium, Sparks Crisis for IBC Creditors The Significance of the NCLAT Ruling in Corporate Distress The National Company Law Appellate Tribunal (NCLAT) has delivered a landmark verdict that significantly alters the landscape of insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). In the case involving Value Wise Consultancy, the tribunal ruled unequivocally that PMLA proceedings take precedence over IBC protections. This ruling directly challenges the notion that the IBC process functions as an absolute remedy for corporate debtors regarding criminal allegations.The tribunal explicitly stated that Parliament did not intend to make...

Maruti Suzuki India Receives Customs Order Over Duty Payment on Imported Goods Maruti Suzuki India Limited has received an Order-In-Original from the Office of the Commissioner of Customs (NS-V, JNCH), Maharashtra, concerning the payment of duties on imported goods.The company was issued the order after alleged contraventions related to the payment of duties on imported items at different rates. The materials detail that Maruti Suzuki must pay a differential duty amount along with a corresponding penalty and applicable interest.According to the details provided, the Order-In-Original was received by the company on 06th July 2026.A summary of the customs order and its implications is provided below:DetailDescription...

Solar Storm Strikes GalaxEye: 'Drishti' Satellite Lost After Disruption, Recovery Hailed As Low Bengaluru-based spacetech startup GalaxEye has confirmed the loss of contact with its maiden earth observation satellite, Mission Drishti. The loss occurred following a geomagnetic solar storm that disrupted the spacecraft during its early operational phase in orbit, the company announced on July 7. Communication with the advanced satellite became intermittent before it was completely lost.GalaxEye stated that while recovery efforts are ongoing, the current assessment indicates that "the likelihood of recovery currently appears low." Initial investigations pointed toward radiation effects from the solar storm impacting a critical onboard...

Sensex and Nifty Snap Four-Day Streak as Late Profit Booking Drains Gains Amid Sector Divergence The Indian stock markets closed on a volatile note on Tuesday, with the benchmark indices snapping their four-day winning streak after witnessing significant profit booking in the latter half of the trading session. Despite opening strongly and extended gains during the initial hours, market sentiment shifted by the close.Key Index Performance and Market Closure Both major indices registered marginal declines as they failed to sustain early momentum. The Sensex fell 104.35 points or 0.13 percent, settling at 78,180.72. Meanwhile, Nifty also ended slightly lower, losing 31.65 points or 0.13 percent and closing at 24,398.70.The broader...

Uno Minda Ltd. Formalizes Promoter Rights and Governance in Shareholders' Agreement Uno Minda Limited (UML) has formalized its shareholder relationship through a Shareholders' Agreement (SHA), executed on 7 July 2026. The agreement involves key members of the promoter group, including Nirmal Kumar Minda, Suman Minda, Pallak Minda, Paridhi Minda, Samaira Jindal, and several associated entities and trusts.The purpose of the SHA is to formally document the existing understanding among the Parties regarding their shareholder rights in UML. The agreement aims to preserve mutual respect, maintain good will amongst family members, and continue harmony within the promoter group related to the company.The Parties involved in the arrangement...

SEBI Closes Case on Unregistered Advisory Firm; SSPFS cleared after investigation finds no evidence of client fraud Regulatory Clarity Achieved as SEBI Disposes Proceedings Against Shree Sai Proficient Financial Services The Securities and Exchange Board of India (SEBI) has officially disposed of proceedings against Shree Sai Proficient Financial Services (SSPFS), proprietor Ms. Madhuri Garg, finding the allegations of unregistered investment advisory activities to be not tenable. The order concludes an extensive investigation initiated in response to complaints regarding promised assured returns to investors.The original charges leveled against SSPFS included providing investment advice without requisite registration and promising...

Shashijit Infraprojects Updates Leased Property Dispute Status Before High Court Shashijit Infraprojects Ltd has provided an update regarding the ongoing dispute concerning a leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika). The matter was scheduled for hearing before the Hon'ble High Court of Gujarat on July 6, 2026.The company announced that the case could not be taken up for hearing by the court. Consequently, the High Court has adjourned the proceedings, setting a new date of July 16, 2026.As of the date of this disclosure, the dispute remains pending before the Hon'ble High Court of Gujarat, and no adjudication on the merits of the case has been made.The company continues to manage the...

NSE Grants 'No Objection' on Scheme of Arrangement between Globe Enterprises and Morabia Creation Limited Globe Enterprises (India) Limited, concerning its scheme of arrangement with Morabia Creation Limited (MCL), has received an 'No objection' from the National Stock Exchange (NSE). The observation letter was issued by the NSE on July 6, 2026.The Scheme of Arrangement involves Globe Enterprises (Demerged Company/Globe) and Morabia Creation Limited (Resulting Company/MCL). Following the receipt of these observations, Globe Enterprises intends to move forward with filing the complete Scheme before the National Company Law Tribunal (NCLT), ensuring compliance with all conditions specified in the observation letter.The NSE's 'No...

Trent Stock Plunges 13% on Q1 Revenue Miss; Analysts Pinpoint Cannibalization and Slowing Growth Momentum Shares of Tata Group retailer Trent Ltd experienced a severe decline, falling 13 percent on Tuesday. This sharp fall marked the company's biggest one-day loss in a year, driven by a first-quarter business update that missed market expectations despite continued aggressive store expansion. The stock was the top loser among the Nifty 50 index constituents for the day.The decline wiped out approximately Rs 13,356 crore from Trent's market capitalization. The stock closed near its daily low at Rs 2,921 per share on the NSE, trading down 12.64 percent. The heavy correction comes after the company reported a standalone revenue of Rs...

IBL Finance Sets Cut-off Date and Book Closure Period for 9th Annual General MeetingIBL Finance Limited has announced the specific dates for the cut-off and book closure related to its upcoming 9th Annual General Meeting (AGM). The AGM is scheduled to be held on Friday, July 31, 2026.The company confirmed that the 9th Annual General Meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).To facilitate investor participation in the AGM and e-Voting process, IBL Finance Limited has defined the relevant timelines for its equity shares.Security TypeCut Off DateBook Closure PeriodPurposeEquity Shares (IBLFL)Friday, July 24, 2026Saturday, July 25, 2026 to Friday, July 31, 2026AGM and e-Voting...

Market Power Test: Competition Commission Clears Nissan Motor India in Dealer Dispute Over Alleged Anti-Competitive Conduct The Competition Commission of India (CCI) has directed the closure of an informational case against Nissan Motor India Pvt. Ltd (NMIPL), concluding that the company does not hold a dominant position within the relevant market, thereby nullifying allegations of anti-competitive abuse by the automaker. The decision follows a comprehensive review where the CCI assessed claims made by a dealer partner, M/s You We and Cars, concerning coercive practices and termination of their dealership agreement.The matter centered on whether NMIPL's actions constituted an abuse of dominance or violations of competition law within...

Utssav CZ Gold Jewels Limited Approves Incorporation of Wholly-Owned Subsidiary Utssav CZ Gold Jewels Limited has approved the incorporation of a wholly-owned subsidiary named Utssav Gold And Diamond Private Limited. The decision was made by the company's Board of Directors during a meeting held on July 7, 2026. The new entity's name has been sanctioned by the Registrar of Companies (ROC) in Mumbai.The incorporation is subject to the completion of necessary legal and procedural formalities, as well as receipt of all requisite statutory and regulatory approvals where applicable.Through this strategic move, Utssav CZ Gold Jewels Limited aims to enhance its presence within the Gold and Diamond Industries and showcase its exquisitely...

Williamson Financial Services' NBFC Registration Certificate Cancelled by RBI Williamson Financial Services Ltd has announced that its certificate of registration to conduct business as a Non-Banking Financial Company (NBFC) has been cancelled by the Reserve Bank of India (RBI).The company confirmed that it received notification from the RBI regarding the cancellation. This action was carried out in accordance with powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934.Following the cancellation, Williamson Financial Services is currently seeking advice concerning this matter, including exploring possibilities for the restoration of the NBFC certificate.Stock Price Movement Williamson Financial Services...

Rashtriya Chemicals and Fertilizers Limited Approves Rs 1,500 Crore Further Public Offering and Expands Business Scope Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India Undertaking, announced key outcomes from its Board meeting held on July 7, 2026. The board approved plans for raising substantial funds through a Further Public Offering and granted approval for significant amendments to the company's Memorandum of Association (MoA).The proposed public offering involves a fresh issue of equity shares, aimed at aggregating up to Rs 1,500 Crore (Rupees One Thousand Five Hundred Crore only). The completion of this fundraising initiative is contingent upon securing requisite approvals from the shareholders of the...