Markets

Shanmuga Hospital Empanelled under Central Government Health Scheme (CGHS) for Three Years Shanmuga Hospital Ltd has secured an agreement with the Central Government Health Scheme (CGHS), Ministry of Health & Family Welfare, Government of India. The empanelment confirms the hospital's commitment to providing quality healthcare services to a wide range of government beneficiaries.The Memorandum of Agreement (MoA) was executed on June 19, 2026, and is valid for a period of three years. This strategic collaboration positions Shanmuga Hospital as an authorized provider under the CGHS network.Under the terms of the MoA, Shanmuga Hospital is now tasked with providing healthcare services to beneficiaries covered by the Central Government...

Avadh Sugar & Energy Ltd Completes Comprehensive Business Responsibility and Sustainability Report for FY25-26 Avadh Sugar & Energy Limited (ASEL) has released its detailed Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26. The report provides extensive insights into the company’s operational footprint, resource management practices, and commitment to social and environmental governance across all business segments.Operational Profile and Market Presence The core operations of ASEL span sugar production, industrial alcohol manufacturing, and power generation, serving both national markets and internal requirements. Sugar accounts for 77.27% of the entity’s turnover through processes involving...

Tuticorin Alkali Chemicals And Fertilizers Ltd confirms provision of all material information to stock exchanges Tuticorin Alkali Chemicals And Fertilizers Ltd has stated that all material information concerning the company's operations and performance has been provided to the stock exchanges. The company also clarified that there are no pending announcements or information available that could impact the price or volume movement of its scrip.The clarification addressed concerns regarding the company’s market status, confirming that it remains committed to adhering to all applicable laws and regulations.The statement reassures stakeholders by emphasizing that the management has supplied comprehensive disclosures related to the...

Automotive Stampings and Assemblies Limited Highlights Commitment to Sustainable Manufacturing in FY 2025-26 Automotive Stampings and Assemblies Limited (ASAL), an integral part of the Tata Group, has reaffirmed its dedication to embedding Environmental, Social, and Governance (ESG) principles into its operations. The company, which designs and manufactures critical sheet metal components for the automotive industry, reported significant progress in sustainable resource management, operational efficiency, and workforce well-being during the Financial Year 2025-26.ASAL operates five state-of-the-art manufacturing facilities across India, serving a wide array of OEMs, including Tata Motors and Fiat. The company's extensive product...

Steelcast Ltd Reports on Sustainability, Highlighting Zero Liquid Discharge Efforts and Global Market Penetration Steelcast Limited has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, outlining significant operational scope, environmental commitments, and social performance across its manufacturing activities. The report details the company's extensive market presence, deep commitment to worker well-being, and progress toward sustainable practices in resource management.Business Operations and Market Scope Steelcast Limited is a leading entity in the manufacturing of Steel and Alloys Castings, dedicating 100% of its business activity to this specialized domain. The company holds a...

Bombay High Court Dismisses Criminal Writ in Case Involving Multi Commodity Exchange of India Ltd; Cost Imposed The Bombay High Court has dismissed a criminal writ filed by Multi Commodity Exchange of India Ltd, imposing a fine as the company's counselled towards the Bar Council of Maharashtra and Goa's Advocate Academy and Research Centres.The order was uploaded on July 04, 2026, concerning the dismissal of Criminal Writ No 3926/2017, which had been filed by the exchange in 2017. As a result of the court ruling, Multi Commodity Exchange of India Ltd is obligated to pay a cost of Rs. 5,00,000 (Five Lakh) to the Bar Council of Maharashtra and Goa's Advocate Academy and Research Centres.The dismissal follows a background where an...

Samsung Plummets Despite Profit Surge as Tech Weakness Sinks Asian Equities Asian markets experienced a challenging session as technology stocks faced renewed selling pressure, contributing to widespread declines across key indices. The MSCI Asia Pacific Index slipped 0.6% as market participants focused on the sustainability of the ongoing AI boom and sector-specific risks surfaced.Samsung's Earnings Impact Drives Market Turmoil Samsung Electronics Co. saw a significant dip, falling more than 6%, despite reporting a substantial quarterly profit increase. This setback weighed heavily on the Kospi index, which retreated 4.3%. The stock's performance has ignited debate among investors regarding how market expectations are being set for...

TANFAC Industries Secures INR 423.5 Crore Through Capital Raise to Fuel Growth and Expansion Plans TANFAC Industries Limited, a prominent manufacturer in India's fluorine chemicals sector (BSE: 506854), has announced significant capital infusion following two major financial events: the completion of its Qualified Institutional Placement (QIP) and the approval of a preferential issue. The combined raises are set to support the company's planned expansion, affirming investor confidence in TANFAC's long-term strategy.The Board of Directors approved a preferential issue comprising 7,41,082 equity shares at an issue price of ₹ 2,341 per share, aggregating approximately ₹ 173.5 crore. This allotment includes an investment of ₹ 135 crore...

Japanese Yen Plummets as Rate Hike Expectations Recede Amid Global Currency Tensions The Japanese yen has weakened significantly as traders have become emboldened to sell the currency without a decisive intervention from Tokyo's authorities. The risk of a surprise market move by Japan kept losses contained, yet the currency continued its slide in Asian trade, finding itself on weak ground.The yen recently hit a new low against the British pound at 217.09, marking another dip to its lowest level since 2007. Meanwhile, the euro traded at 185.47 yen, following a modest 0.5% gain in the previous trading session.Japanese Yen Struggles Amid Intervention Uncertainty Currency analysts noted that recent speculation regarding potential...

Standard Engineering Technology Secures Strategic Stake in Japan's GL Hakko for Global Glass-Lining Dominance Standard Engineering Technology Limited (SETL) has initiated a strategic investment into GL HAKKO Co., Ltd., a leader in advanced glass-lined process equipment based in Japan. This move is designed to anchor SETL globally, leveraging GL Hakko’s proprietary technology and research capabilities to expand its market footprint.GL Hakko boasts a heritage dating back to 1955 and is recognized as Japan's only specialized glass-lining company in the industry. The partnership aims to integrate SETL’s manufacturing scale with GL Hakko’s deep technological expertise, which includes conductivity glass, shell-and-tube glass-lining, and...

Brent Crude Stabilizes as Traders Shift Focus from Geopolitics to Global Supply Concerns Oil prices experienced a measured rise on Tuesday, though gains were tempered as the market moved beyond easing geopolitical tensions and began scrutinizing global supply increases and future demand prospects. The steady movement reflected cautious optimism amidst shifting production targets and diplomatic standoffs between major players.Brent crude futures saw a gain of 28 cents, reaching $72.29 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude rose by 0.26%, climbing 29 cents to $68.84 a barrel as of 0046 GMT. These movements follow the commodity settling down near pre-Iran war levels earlier in the week.Supply Factors Influence...

CleanMax Commissions Over 500 MW of Renewable Energy in Q1 FY27, Raising Operational Portfolio to 4.2 GW Clean Max Enviro Energy Solutions Limited, India's largest renewable energy provider for the Commercial & Industrial (C&I) segment, announced a record commissioning achievement during the first quarter of fiscal year 2027 (Q1 FY27). The company successfully commissioned approximately 530 MW of renewable energy (RE) capacity, marking its highest quarterly performance. This significant addition increased CleanMax's operational renewable energy portfolio from around 3.6 GW to about 4.2 GW, cementing the company's execution capabilities in India's C&I RE market.The achievement reflects both the growing trend of corporate renewable...

Kalyan Jewellers Records 38% Revenue Growth in Q1 FY2026-2027 Amid Strong India Operations and Digital Growth Kalyan Jewellers India Ltd has reported significant consolidated revenue growth, recording an increase of approximately 38% for the quarter ending June 30, 2026, compared to the corresponding period in the previous financial year. The company also highlighted robust momentum across its digital platform and international markets.The domestic operations in India demonstrated exceptional performance, achieving a revenue growth exceeding 38%. This strong growth was attributed to healthy same store sales across key markets nationwide, despite the recent quarter encompassing the Adhik Maas period. During this time, which is...

Smartworks Coworking Spaces Completes Acquisition of Singapore-Based WorkStudio Spaces Pte. Ltd. Smartworks Coworking Spaces Limited has successfully completed the acquisition of WorkStudio Spaces Pte. Ltd., a company based in Singapore. The acquisition, which was initiated previously, concluded on July 06, 2026, with a total consideration of 2.47 Million SGD. Following this transaction, WorkStudio Spaces Pte. Ltd. has become a Step Down Subsidiary of the Company.The acquisition involved Smartworks Space Pte. Ltd., a wholly owned subsidiary of Smartworks Coworking Spaces Limited. The target entity, WorkStudio Spaces Pte. Ltd., is established in Singapore and operates in the flex space provider industry, offering flexible workspace...

Smartworks Coworking Spaces Completes Capacity Addition Following Singapore Acquisition Smartworks Coworking Spaces Limited has announced the completion of its capacity addition, following the acquisition of WorkStudio Spaces Pte. Ltd. by Smartworks Space Pte. Ltd., a wholly-owned subsidiary of the company. The completed expansion contributes to strengthening Smartworks' operational footprint in the key international business hub of Singapore.The capacity increase was finalized on July 06, 2026. This strategic move involves adding approximately 26,000 Sq Ft through the acquisition of WorkStudio Spaces Pte. Ltd. by the subsidiary. Since this expansion was conducted through an acquisition by the wholly-owned entity, no investment or...

Smartworks Completes Acquisition of Singapore-Based Workstudio Spaces, Boosts Portfolio Size and Client Base Smartworks Coworking Spaces Limited has successfully completed the acquisition of Workstudio Spaces Pte. Ltd., a Singapore based coworking and flexible workspace provider. The deal, executed through Smartworks Space Pte. Ltd., strengthens Smartworks’ presence within the enterprise workspace market in Singapore and expands its portfolio in one of Asia's key business hubs.The integration of Workstudio into the Smartworks network has expanded the company's Singapore operations to four centers. This move increases the company's footprint to approximately 76,000 sq. ft., supporting a seating capacity exceeding 1,500 employees...

Embassy Developments Approves Massive Increase in Non-Convertible Debenture Issue Size through Private Placement Embassy Developments Limited, formerly Equinox India Developments Limited, has approved a significant increase in the issuance size for its non-convertible debentures (NCDs). The approval was granted by the company's Board's constituted committee and allows Embassy to raise funds up to INR 1,570 crores through a private placement strategy.The decision involves issuing senior, secured, redeemable, unrated, unlisted NCDs having a face value of INR 1,00,000/- each. This move expands the scope from an initial proposed issue size of up to INR 400 crores to the new total capacity of up to INR 1,570 crores.The authorization...

RITES secures international order valued at USD 35.82 million for locomotive supply and commissioning RITES Limited, a Schedule 'A' Enterprise of the Government of India, has secured a major international contract involving the supply and commissioning of specialized locomotives. The order was awarded by Volantis Asset Finance (Pty) Ltd., an entity based in South Africa.The contract involves RITES supplying and commissioning 4000 HP Cape Gauge Diesel Electric Locomotives. This agreement represents a significant win for RITES, who specializes in rail infrastructure and rolling stock solutions.While the initial communication serves as an intimation of the order acceptance, it is noted that the formal Contract Agreement will be signed...

EMA Partners Acquires Equity in Taggd for Rs 7.6 Cr, Boosting Stake to 79.71% EMA Partners India Limited completed the subscription of equity shares in Talent Hired-The Job Store Private Limited ('Taggd'), marking a significant infusion of funds into the recruitment technology company. The transaction took place on July 6, 2026.As part of the agreed terms, EMA Partners acquired 66,691 Equity Shares of Taggd from the company itself through a preferential basis and subscription process. These shares were issued at a price of ₹ 1,141 per share, including a premium of ₹ 1,140 per share. The total consideration for this acquisition amounted to Rs 7,60,94,431/- (Rupees Seven Crores Sixty Lakhs Ninety-Four Thousand Four Hundred and...

Taurian MPS Expands Global Reach with New Authorized Dealer Appointments Across Kenya, Ghana, Thailand, and Nepal Taurian MPS Limited, a specialist manufacturer of high-quality crushing, screening, washing, and mineral processing equipment, has announced the appointment of new authorized dealers in four international markets: Kenya, Ghana, Thailand, and Nepal. These appointments are designed to strengthen the company's international distribution network and expand its presence across key regions including East Africa, West Africa, South-East Asia, and South Asia.The strategic dealer partnerships signify an important step toward building a deeper global presence for Taurian MPS in markets driven by demands from aggregates, mining...