Markets

HMT Limited Takes Possession of Granted Land Following Forest Department Order Hindustan Machine Tools Limited (HMT) has assumed possession of land granted by the Government of Karnataka, following an order issued by the Deputy Conservator of Forests in Bengaluru. The parcel of land is valued at 430 acres or 21.853 guntas and was conveyed and gifted to the company by the then Government of Karnataka through various documents.The company confirmed that it has fulfilled all transactional requirements related to the acquisition, enabling it to take possession of the property.While noting the completion of transactions, the report indicated that the Karnataka Forest Department suggested an appeal be filed before the Conservator of...

BSE, MCX Shares Plunge as Jefferies Hails NSE's Diversification Ahead of IPO Shares of the Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX) experienced significant declines, falling up to 4% on July 7. This drop followed comments from brokerage firm Jefferies, which highlighted the superior diversification profile of the National Stock Exchange (NSE) as it prepares for its Initial Public Offering (IPO).Jefferies stated that NSE, which has filed draft papers with SEBI for its Rs 30,000-crore IPO, possesses a more diversified product mix compared to BSE and MCX. The firm noted that NSE boasts over 90% market share across most trading segments.Jefferies Report Highlights NSE's Dominance in Market Segments The analysis by...

Onpoint Secures $600K in Pre-Seed Round to Supercharge Loyalty Rewards Democratization Consumer rewards platform Onpoint has successfully raised a pre-seed funding round of $600,000. This crucial investment comes from First Cheque (an entity under IndiaQuotient) and Whiteboard Capital, with participation also noted from various angel investors. The funding round is set to accelerate product development and significantly expand the company's merchant network across India.Democratizing Loyalty: How Onpoint Changes Rewards Earning Founded in 2025 by former Meta colleagues Nakul Khanna and Anurag Gupta, Onpoint addresses a key gap in the digital economy. It operates a payment-agnostic rewards platform designed to benefit consumers...

Texmaco Rail Secures Rs 70.72 Crore Order for Manufacturing BLSS Rakes from Central Warehousing Corporation Texmaco Rail & Engineering Ltd has been awarded a contract by the Central Warehousing Corporation (CWC) involving the manufacture and supply of specialized railway rolling stock. The order, valued at Rs 70.72 crores (including taxes), highlights the company's capacity in rail infrastructure manufacturing.The Letter of Award specifies the scope of work as the Manufacture and Supply of BLSS rakes along with Brake Vans to CWC. The transaction is classified as a domestic contract awarded by a domestic entity.According to the details provided, Texmaco Rail & Engineering Ltd has been granted an execution timeline of within 180 days...

Nurture Well Industries Clarifies Market Movement of Stock Securities Nurture Well Industries Ltd., formerly known as Integrated Industries Limited, has addressed recent volatility in the price and volume of its equity shares. The company issued a statement clarifying the nature of the movement following an inquiry regarding significant stock activity across exchanges.The company stated that as of the date of the clarification, there is no undisclosed material event, pending decision, or any other price sensitive information that could potentially bear on the price and/or volume behaviour of its securities, requiring disclosure to regulatory bodies.Nurture Well Industries affirmed that the movement in the price and volume of its...

Allcargo Global IPO Marks Strategic Shift as CFO Warns of 'Normal' Geopolitical Supply Chain Risks The listing of Allcargo Global signifies the culmination of a four-year strategic restructuring within the parent group, providing a dedicated platform for its international supply chain business. The demerger is set to enhance shareholder value and give the global logistics segment greater operational flexibility in an era defined by volatile global trade routes.Ravi Jakhar, Group CFO and Director - Strategy at Allcargo Group, explained that separating the international logistics division was necessary because its growth drivers and capital allocation needs fundamentally differ from the domestic business model. This restructuring allows...

Bharat Wire Ropes Rated by CARE Ratings; Long-term and Short-term Bank Facilities Reaffirmed Bharat Wire Ropes Limited (BWRL) has received a rating reaffirmation for its bank credit facilities from CARE Ratings Limited, reflecting adequate operational and financial performance despite headwinds in the market. The rating agency reaffirmed the status of the company’s long-term and short-term banking arrangements in July 2026.The details of the reaffirmed facilities are as follows:FacilitiesAmount (in crore)RatingRating ActionLong term Bank Facilities98.00 (Reduced from 125.11)CARE BBB+; StableReaffirmedShort term Bank Facilities25.00CARE A3+ReaffirmedThe rating reaffirms the company's commitment, noting that BWRL’s...

Filatex Fashions Ltd Approves Appointment of Two New Additional Directors The Board of Directors of Filatex Fashions Limited has approved the appointment of two new individuals as Additional Directors, effective July 07, 2026. The appointments were made following the recommendation of the Nomination and Remuneration Committee.Mr. Pratik Bharatbhai Panchal and Mr. Rutvikbhai Mukeshbhai Beladiya have been appointed to the company's board. Both directors will serve as Additional Directors for a term of five years, subject to shareholder approval.Mr. Pratik Bharatbhai Panchal (DIN: 10721812) has been approved as an Additional Director with Non-Executive and Independent Director status. Mr. Rutvikbhai Mukeshbhai Beladiya (DIN: 10726964)...

Globus Spirits Ltd Ratings Reaffirmed by CARE as A+ (Stable) and A1+, Driven by Operational Improvements in FY26 Globus Spirits Limited has received a rating reaffirmation from CARE Ratings, with its long-term bank facilities assigned a rating of CARE A+; Stable, and short-term bank facilities at CARE A1+. These ratings reflect the company's improved financial performance and strengthening capital structure during fiscal year 2026.The ratings review considered GSL's significant presence in the bulk alcohol and Regular and Others (R&O) segment, as well as its experienced promoter and management team.Financial Overview and Rating Details CARE Ratings assessed the company’s facilities, noting improved financial performance in FY26...

Info Edge Stock Surges as Q1 Business Update Highlights Strong Growth Amid Strategic Acquisition Plans Shares of Info Edge, the parent company behind Naukri.com, experienced a significant rally on July 7 after releasing a robust first-quarter business update. The stock surged, with shares trading 10.5% higher at Rs 1,134.85 apiece by midday. This sharp movement reflected investor confidence in the company’s growing digital business segments.Info Edge Posts Robust Q1 Growth Across Key Business Segments The financial filing revealed a substantial increase in Info Edge's standalone billings for the quarter ended June 2026. Billings grew by 14.4% year-on-year (YoY), reaching Rs 737 crore, up from the Rs 644.20 crore reported in Q1FY25...

Hexagon Nutrition Limited Board Sees Two Directors Resign Following Share Divestment Hexagon Nutrition Limited announced that two of its directors had resigned from the company's board, effective July 6, 2026. The resignations followed the completion of share divestment by both individuals in relation to a recent IPO.The departing members are Mr. Subhash Purushottam Kelkar, Executive Director, and Mr. Aditya Kelkar, Non-Executive Director. Both stated that their departure was deemed appropriate as they no longer held any shares in the company after fully exiting through the divestment process.Hexagon Nutrition Limited expressed sincere appreciation for the contributions of both directors during their tenure with the organization...

Landmark Property Development Company Reaches Amicable Settlement with Saya Buildcon Consortium Landmark Property Development Company Limited has completed the execution of several settlement documents with Saya Buildcon Consortium Private Limited regarding past financial commitments and property allocations. The agreements formalize an amicable resolution between both parties concerning matters dating back to 2017 related to loan and deposit agreements, as well as the cancellation of commercial unit allotments.The settlements include a Settlement Agreement relating to the Loan Agreement dated May 30, 2017, and another Settlement Agreement pertaining to the Inter Corporate Deposit Agreement dated December 14, 2017. Furthermore, a...

RIR Power Electronics and Silicon University Secure Two Research Papers at IEEE MWSCAS 2026, Advancing SiC Technology RIR Power Electronics Ltd., in partnership with Silicon University, Odisha, has achieved a significant research milestone after two joint papers were accepted for presentation at the prestigious IEEE Midwest Symposium on Circuits and Systems (MWSCAS) 2026. The symposium is scheduled to be held in Cincinnati, Ohio, USA. This achievement highlights the advancement of India's silicon carbide (SiC) semiconductor research through industry-academia collaboration.The two accepted papers address critical aspects of High-voltage Power Electronics, including thermal management, switching efficiency, and compact system design...

Smt. Srividya Venkataraman Appointed Chief Financial Officer at Hindustan Petroleum Corporation Ltd Hindustan Petroleum Corporation Limited (HPCL) announced the appointment of Smt. Srividya Venkataraman as Key Managerial Personnel and Chief Financial Officer (CFO), effective July 07, 2026. She assumes this role after Shri K Vinod, Executive Director - Corporate Finance & Additional Charge of Treasury.Smt. Srividya Venkataraman has been appointed to lead the finance function at HPCL. The Board made the appointment during a meeting held on July 07, 2026. She is noted as being not related to any of the company’s Directors.Experienced Finance Professional Joins HPCL Ms Srividya Venkataraman brings over three decades of experience in the...

Sattrix Secures Significant Contract for Managed Security Services from Leading Public Sector BankSattrix Information Security Ltd has secured a substantial contract providing managed security services for a leading public sector banking institution in India. The agreement outlines the scope and terms of service for cyber security defence center operations.The newly awarded contract, which is domestically based, covers the provision of Managed Security Services for the bank's cyber security defence center. Sattrix Information Security Ltd has been entrusted with this role by one of India's premier public sector banking institutions.The financial details of the order indicate a total contract size valued at 9,30,00,000.00. The...

EUROBOND Achieves Expanded NABL Accreditation, Becoming India's Sole ACP Brand Accredited for 51 Testing ParametersMUMBAI: Euro Panel Products Limited’s flagship brand, EUROBOND, has secured a significant milestone by broadening its in-house testing laboratory accreditation scope. The company now possesses NABL (National Accreditation Board for Testing and Calibration Laboratories) accreditation covering 51 comprehensive mechanical and chemical testing parameters. This expansion marks the firm as the only Indian ACP brand to achieve such extensive NABL certification specifically for Aluminium Honeycomb Panels.The expanded certification demonstrates EUROBOND’s competence in accurately testing the coating and mechanical aspects of...

The Great Eastern Shipping Contracts Sale of Tanker, Plans Acquisition in Q2 FY27 The Great Eastern Shipping Company Limited (GE Shipping) has announced that it has contracted to sell its 2009 built Long Range 2 Tanker, 'Jag Lokesh', to an unaffiliated third party. The vessel is slated for delivery to the new buyer in the second quarter of Fiscal Year 27 (Q2 FY27).In addition to the sale, the company has secured a contract to purchase one secondhand Long Range 2 Product Tanker. This acquisition transaction is currently expected to be finalized during Q2 FY27.The sale and planned purchase come amidst an active fleet operation. GE Shipping's current owned fleet stands at 40 vessels in total. The company maintains close to 100%...

Majestic Auto Ltd. Schedules 53rd Annual General Meeting and Releases FY 2025-26 Report Majestic Auto Ltd. has announced the details for its 53rd Annual General Meeting (AGM) while making the Annual Report for the Financial Year 2025-26 available to shareholders.The company's 53rd AGM is scheduled to be held on Monday, August 17, 2026. The meeting will commence at 11:00 A.M. (IST) and will be conducted via Video Conference (VC) or Other Audio-Visual Means (OAVM).The Notice of the 53rd AGM, along with the Annual Report for the Financial Year 2025-26, is being made available electronically. For shareholders whose email addresses were not registered with the company's records, the report can be accessed through a dedicated web link...

Mishtann Foods Ltd Appoints New Company Secretary and Changes Registered Office Address Mishtann Foods Ltd announced on July 07, 2026, that its Board of Directors approved several key corporate changes, including the appointment of a new Company Secretary and Compliance Officer, alongside updating the company's registered office address.The Board meeting held on Tuesday, July 07, 2026, confirmed the appointment of Namrata Girish Vyas as the Company Secretary and Compliance Officer. This appointment is effective from July 07, 2026.Namrata Girish Vyas is a qualified Company Secretary who brings over nine years of experience across corporate compliance, secretarial practices, accounting, auditing, and ROC-related matters. Her...

Acquirers Launch Open Offer for TMT India Ltd Shares at Rs 10 Per Equity Share A combined offer by three companies has been launched for the acquisition of shares in TMT India Limited (TIL). The open offer is being conducted by Navigant Corporate Advisors Limited on behalf of the Acquirers: Yoga Builders Private Limited, Scaffold Properties Private Limited, and MDK Properties and Estates Private Limited.The transaction targets up to 1,287,988 equity shares of TMT India Ltd., representing 26.00% of the fully paid-up and voting share capital of the company. The offer details state that the Offer Price for the shares is Rs 10/- (Rupees Ten Only) per fully paid-up equity share, payable in cash.The Committee of Independent Directors...