Markets

Manappuram Finance Limited Announces Resignation of CEO Deepak Reddy Manappuram Finance Limited has announced that Mr. Deepak Reddy has resigned from his position as Chief Executive Officer and Key Managerial Personnel. The resignation was submitted on July 03, 2026, with the stated reason being to pursue other personal and professional interests.The company confirmed that Mr. Reddy will be relieved of his duties with effect from the close of business hours on December 31, 2026. During this period leading up to his cessation, he will remain on garden leave.This transition involves the departure of the key managerial figure, as outlined in the details provided by Manappuram Finance Limited. The company confirmed that Mr. Deepak Reddy...

SJ Corporation's Consolidated Results Receive Audit Affirmation for Fiscal Year 2026 SJ Corporation Ltd has received an audit opinion on its consolidated financial results for the year ended March 31, 2026. The findings address previous observations regarding discrepancies in the presentation of these financial statements.The audited report covers the consolidated financial results of SJ Corporation and its subsidiary, Fishfa Rubbers Limited. The auditors stated that based on their examination, the Consolidated Financial Results for the year ended March 31, 2026 give a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other generally accepted accounting...

Peter Bains Resigns as Managing Director and CEO of Syngene International Limited Peter Bains has resigned from his position as Managing Director and Chief Executive Officer (CEO) of Syngene International Limited, effective at the close of business hours on June 30, 2026.The resignation was formalized in a letter dated March 26, 2026, addressed to the Chairman of the Board of Directors.In his resignation communication, Mr. Bains stated that he remained fully committed to ensuring a smooth leadership transition and pledged to continue discharging his responsibilities with dedication during this period.He reflected on his tenure at Syngene International Limited, noting it had been a privilege to lead the organization and contribute...

Rajiv N. Sheth Appointed as Non-Executive Independent Director at Man Infraconstruction Limited Man Infraconstruction Limited has appointed Mr. Rajiv N. Sheth as an Additional Director in the category of a Non-Executive Independent Director. This appointment was approved by the Board of Directors following a resolution passed by circulation on July 03, 2026.Mr. Sheth will serve for a period of five consecutive years, effective from July 03, 2026. The appointment is subject to the approval of the Members of the Company.The Board's decision was made based on the recommendation of the Nomination and Remuneration Committee of the company. Mr. Sheth holds a Bachelor's degree in Commerce from the University of Mumbai and is a Chartered...

HUDCO to Provide Up to Rs 1,00,000 Crore in Term Loans for Bihar's Urban Infrastructure Projects Housing and Urban Development Corporation Limited (HUDCO) signed a Memorandum of Understanding (MoU) with the Government of Bihar on July 3, 2026, in Patna. This agreement is designed to facilitate the planning, development, and financing of proposed Greenfield Satellite Cities across Bihar in a time bound manner, adhering to state government rules and regulations.Under the terms of the MoU, HUDCO commits to provide term loans amounting to Rs 1,00,000 Crore (Rupees One Lakh Crore) over a period of five years. These funds are designated for various urban infrastructure projects, including crucial land acquisition efforts within the state...

Enviro Infra Engineers Secures ₹126.78 Crore Contract for Sewage Treatment Plant Development in Uttar Pradesh Enviro Infra Engineers Ltd has secured a significant project contract worth ₹ 126.78 Crores, involving the development of a major sewage treatment plant and associated infrastructure. The company received the Letter of Acceptance (LOA) from the concerned Department on July 3, 2026.The project focuses on the development of a 45 MLD Sewage Treatment Plant and Associated Infrastructure for Pt. Deen DayaI Upadhyay Nagar (DDU Nagar), located in the state of Uttar Pradesh. The entire initiative is being executed under the Namami Gange Programme.The contract details a comprehensive engagement, with Enviro Infra Engineers executing...

Government Bond Demand Surges as RBI Completes Full Absorption of ₹34,000 Crore GS 2036 The Reserve Bank of India (RBI) announced the conclusive results for the auction of Government Stock (GS 2036) on July 03, 2026. The successful completion of the auction highlights robust institutional demand for these government securities. The RBI managed to absorb the entire notified amount through competitive and non-competitive bidding processes.Overview of Competitive Bids The initial notified amount for the GS 2036 was set at ₹34,000 Crore. The competitive bidding process witnessed a significant level of interest, receiving a total of 430 bids from market participants. These bidders collectively placed a bid amounting to ₹83,440.041 Crore...

Brickwork Ratings Upgrades Tourism Finance Corporation Bonds to AA-/Stable, Citing Asset Quality Improvement and Strong Capitalization Brickwork Ratings (BWR) has upgraded the rating of multiple bond issues belonging to Tourism Finance Corporation of India Ltd (TFCI), assigning them a BWR AA-/Stable rating. This action reflects improvements in the company's asset quality, robust capitalization levels, and growth across various sectors following rigorous performance review.The rating applies to outstanding Non-Convertible Debentures (NCD) that aggregate Rs 175.00 Crores. The upgrade was announced following a comprehensive assessment of TFCI’s financial performance and operational stability. Instruments previously rated by BWR were...

Mahindra EPC Irrigation Ltd. Schedules Board Meeting to Review Q1 Financial Results Mahindra EPC Irrigation Ltd. has scheduled its Board of Directors to meet to review and approve the un-audited financial results for the quarter ending June 30, 2026. The meeting is set for Thursday, July 16, 2026.The primary agenda items for the board include considering and approving both the Un-Audited Standalone Financial Results of the company for the Quarter ended June 30, 2026, and the Un-Audited Consolidated Financial Results for the same period.In addition to the financial review, the company has set trading restrictions in adherence with its Code of Conduct for Prevention of Insider Trading in Securities. The trading window is closed from...

Vardhman Acrylics Limited Shares Available for Dematerialization with CDSL and NSDL Vardhman Acrylics Limited has confirmed that its fully paid up equity shares are available for demat through both CDSL and NSDL. The company provided details regarding the dematerialized shares for the month ended June 30, 2026.The stock of Vardhman Acrylics Limited is registered under ISIN No. INE116Go01013. This update pertains to the movement of the company's equity shares in demat form with the depositories.According to the details provided for the period ending June 30, 2026, there were no changes recorded regarding the dematerialization of shares at either depository.The breakdown of shares dematerialized during the month ended June 30, 2026...

Batliboi Completes Acquisition of Penta, Establishes Subsidiary Relationship Batliboi Ltd. has successfully completed the acquisition transaction involving Penta Automation System Private Limited (Penta). The closing date for the acquisition was July 3, 2026, following the terms and conditions set out in the Share Purchase Agreement(s).Following the completion of this transaction, Batliboi Ltd. has acquired 80% of the equity share capital of Penta. As a result of this stake acquisition, Penta has now become a subsidiary of Batliboi Limited.The company's corporate structure update also involves Pats Robotics Private Limited (PAtS). On the closing date of July 3, 2026, Penta acquired PAtS as its wholly-owned subsidiary. Consequently...

CARE Ratings Reaffirms Credit Status of Embassy Office Parks REIT: Issuer and Debt Instruments Rated AAA/A1+ CARE Ratings Limited has reaffirmed the credit ratings for Embassy Office Parks REIT, covering its corporate credit rating, Non-Convertible Debentures (NCDs), and Commercial Papers (CPs). The ratings reflect the operational and financial performance of the Trust as reviewed by the Rating Committee.The Issuer rating for Embassy Office Parks REIT has been affirmed as CARE AAA/Stable. This status is an opinion on the general creditworthiness of the Trust and not specific to any particular debt instrument.Non-Convertible Debentures (NCDs) Rated by CARE Ratings CARE Ratings Limited also reviewed nine different tranches of...

Lexoraa Industries Ltd Announces Rights Issue to Raise Funds up to ₹69 Crores Lexoraa Industries Ltd, formerly known as Servoteach Industries Limited, has announced a corporate action following its Board meeting held on Friday, July 3, 2026. The company approved a rights issue intended to raise capital from its existing equity shareholders.The Board of Directors transacted and approved the fund raise by way of offering and issuing fully paid-up equity shares. The issuance is being conducted as a Rights Issue targeted at eligible equity shareholders as on the determined record date.Key details regarding the proposed securities are as follows:Type of Securities: Fully paid-up Equity Shares Face Value per Share: ₹10/- each Premium...

Lexoraa Industries Approves Rights Issue for Equity Shareholders, Targeting Up to ₹69 Crores Lexoraa Industries Ltd has announced plans for a rights issue, which was approved by its Board of Directors during a meeting held on Friday, July 3, 2026. The company is seeking funds through the issuance of fully paid-up equity shares to eligible equity shareholders.The proposed Rights Issue aims to raise up to ₹69 crores. The securities being offered are Equity Shares with a face value of 10/- each and carrying a premium of Rs. 5/- per share.This corporate action will be executed in accordance with applicable laws.Details regarding the securities planned for issuance, as specified by the company, are provided below:ParticularsDetails...

DCX Systems and Subsidiary Secure Significant Purchase Orders Worth INR 34.79 Crores DCX Systems Limited has received substantial purchase orders from its customers, totaling approximately INR 34.79 Crores, as part of the regular course of business. The company also reported a significant order receipt for its Wholly Owned Subsidiary, M/s Raneal Advanced Systems Pvt. Ltd., amounting to INR 12.79 Crores.The orders received by DCX Systems Limited pertain to the manufacture and supply of Cable and Wire Harness Assemblies. These commitments cover both domestic and export markets, contributing significantly to the company's order book in this segment.M/s Raneal Advanced Systems Pvt. Ltd., the Wholly Owned Subsidiary of DCX Systems, has...

NIFTEM-K Seals Global Alliance: Food Innovation in India Poised for Five Years of International Research Partnership NIFTEM Enters Landmark MoU with Massey University to Boost Food Technology The National Institute of Food Technology Entrepreneurship and Management, Kundli (NIFTEM-K), has formally signed a Memorandum of Understanding (MoU) with Massey University in New Zealand. This strategic agreement aims to substantially strengthen academic and research cooperation across several critical domains.The signing ceremony took place on July 2, 2026, attended by various officials including Secretary MoFPI Shri A. P. Das Joshi and Joint Secretary Shri Devesh Deval. The MoU was executed in the presence of a senior team from NIFTEM-K led by...

Rajratan Global Wire Limited Announces E-Voting Details for 38th Annual General Meeting Rajratan Global Wire Limited has announced details regarding electronic voting facilities for its upcoming 38th Annual General Meeting (AGM). The company is facilitating members to cast their votes through Video Conferencing (VC) or Other Audio Visual Means (OAVM) during the AGM.The 38th Annual General Meeting is scheduled to be held on Friday, 24th July, 2026, at 03:00 p.m. The Registered office of the company has been deemed as the venue for the meeting.Key details pertaining to the e-voting process and the AGM have been provided below, managed through Central Depository Services (India) Limited.ParticularsDetailsCompany NameRAJRATAN...

Metal, Real Estate Stocks Surge Up to 5% as Fed Rate Hike Fears Fades Amid Global Stability Industrial metals and the real estate sector saw significant rallies on July 3, with stock prices rising up to 5%. This positive momentum was driven primarily by a weaker US dollar and reduced market expectations regarding near-term interest rate hikes from the Federal Reserve. The market movement suggests investors are capitalizing on easing commodity pressures and shifts in monetary policy outlook.Commodity Markets Respond as Fed Hike Expectations Wane A pivotal factor driving the rally is the weakening of the US Dollar, which declined for the second consecutive day. This decline makes commodities cheaper for holders of other currencies. The...

AWS Surges Data Centre Expansion in Mumbai Secures Massive Land Lease from L&T for Next Decade Amazon Web Services (AWS), the data centre arm of Amazon, has significantly cemented its commitment to scaling cloud infrastructure in India. The company has leased an additional four acres of land from Larsen & Toubro (L&T) in Mumbai’s Powai suburb. This move dramatically underscores AWS’s robust strategy to meet soaring demand for advanced computing capabilities across the country.Details of the Strategic Land Lease Transaction The lease agreement is a long-term commitment, extending for more than 17 years. The transaction carries a total rental outgo estimated at over Rs 650 crore. This latest deal follows AWS's previous land leases in...

RRP Defense Secures INR 64 Crore Order from Bharat Electronics for VARDHANA X6: DAY SCOPE RRP Defense Limited has been awarded a significant domestic purchase order worth INR 64,31,00,000.05 by Bharat Electronics Limited (BEL), a Government of India Enterprise. The contract involves the supply of VARDHANA X6: DAY SCOPE and its associated components to BEL's Machilipatnam Unit.The total order size is INR 64,31,00,000.05, inclusive of GST. This contract marks a key milestone for RRP Defense as it represents the first instance under a 100% Indigenous Mandate. The contract secured a complete transfer of technology (licensed) from Meprolight, Israel, enabling RRP Defense Limited to manufacture and assemble the equipment with exclusivity in...