Markets

Surge Alert: ITI Launches Hybrid Multi-Asset Fund Blending Equity, Fixed Income, and Commodity Hedges ITI Asset Management Limited has unveiled a powerful new investment vehicle with the launch of the ITI Multi Asset Allocation Fund. This open-ended scheme is designed for investors seeking long-term capital appreciation through a dynamic combination of diverse asset classes. The fund offers sophisticated exposure to equity, debt instruments, and commodities via Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs).The fund provides a comprehensive solution by allocating assets across multiple risk profiles simultaneously. Investors can look forward to a structured portfolio that includes domestic equities, fixed income...

Kirloskar Oil Engines Shares Surge Over 8% as Jefferies Sees Potential for 26% Upside Following Data Centre Foray Kirloskar Oil Engines shares witnessed a significant rally in intra-day trading on Monday, climbing by over 8 percent. The stock soared to an intra-day high of Rs 2,410 per share on the NSE, following positive coverage from global brokerage Jefferies. This move comes as analysts highlight the company's strong market positioning and expansion into crucial high-growth sectors.The initial surge saw the stock open 2.83 percent higher. However, profit booking activity slightly moderated the upward momentum by around noon, with the stock trading at Rs 2,333.20 per share, marking a gain of 4.59 percent at that time.Jefferies...

Ather Energy Plans Up To $200 Million Share Sale Amid Exploding Demand and EV Market Battle Ather Energy Ltd., a leading electric two-wheeler maker, is reportedly planning a significant share sale to institutional investors to raise up to $200 million. This move comes as the company aggressively seeks capital to fuel rapid expansion amidst intensifying competition in India's booming electric vehicle market.The company has appointed major financial institutions, including HSBC Holdings Plc, Axis Capital Ltd., and Nomura Holdings Inc., to manage this qualified institutional placement (QIP). The fundraising effort is targeted at institutional investors and is planned to take place as early as next week.Accelerating Valuation Fueled by...

104 Crore Health Records Linked to 93 Crore ABHA Accounts: India's Digital Health Revolution Reaches Major Milestone The Ayushman Bharat Digital Mission (ABDM) is rapidly establishing itself as one of the world's largest and most effective digital public infrastructure ecosystems. By seamlessly integrating patients, insurers, hospitals, and doctors onto a single unified network, ABDM is fundamentally reshaping healthcare delivery across India. This monumental achievement signals a decisive step toward realizing Universal Health Coverage for all citizens.The initiative has successfully linked over 104 crore health records to more than 93 crore ABHA accounts. By digitizing patient histories, the system drastically reduces dependence on...

Bank of India Joins PSB Xchange to Expand Digital Supply Chain Financing Ecosystem PSB Alliance Pvt. Ltd and Bank of India have entered into an agreement, positioning the bank as a lending partner on the PSB Xchange platform, which is described as India's unified digital working capital finance ecosystem. This collaboration aims to significantly strengthen the availability of institutional credit and supply chain financing for Micro, Small, and Medium Enterprises (MSMEs) associated with anchor corporates.The partnership facilitates the delivery of supply chain finance through a streamlined digital process. Bank of India will provide this specialized finance to eligible borrowers linked to participating anchor corporates utilizing PSB...

Raymond Limited Appoints Former BEL CMD Bhanu Prakash Srivastava as CEO - Defence to Spearhead Strategic GrowthMumbai, July 6, 2026 — Raymond Limited has announced the appointment of Bhanu Prakash Srivastava as Chief Executive Officer - Defence. This move marks a significant strategic expansion for the company into India's rapidly evolving defence and aerospace sector.Bhanu Prakash Srivastava brings nearly four decades of distinguished leadership experience from his tenure at Bharat Electronics Limited (BEL), offering deep expertise in defense technologies, large-scale program execution, and institution building. In his new capacity, Mr. Srivastava will be responsible for leading Raymond's defense business, setting its strategic...

Sahasra Electronic Solutions Limited Announces AGM Date and Key Dates for Dividend Eligibility Sahasra Electronic Solutions Limited has announced key dates related to its upcoming Annual General Meeting (AGM) and the eligibility requirements for members concerning the final dividend of the financial year 2025-26.The company's fourth Annual General Meeting is scheduled to be held on Monday, August 3, 2026, at 10:30 A.M. (IST). Members will be able to attend through Video Conferencing (VC) or other Audio Visual Means (OAVM).To determine which members are eligible to receive the dividend for the financial year 2025-26, Sahasra Electronic Solutions Limited has set Wednesday, July 15, 2026, as the designated Record Date. Furthermore...

Raymond Appoints Bhanu Prakash Srivastava as CEO-Defense Business, Designating Him Senior Management Personnel Raymond Limited has appointed Mr. Bhanu Prakash Srivastava as CEO-Defense Business. He has been classified as a Senior Management Personnel (SMP) of the Company, effective from July 6, 2026.Mr. Srivastava brings extensive experience in defense and technology sectors to the role. His professional background includes over four decades with Bharat Electronics Limited (BEL), where he held various senior leadership positions and contributed significantly to business growth and profitability across multiple areas. These areas include Radio and Data equipment, Military and Telecom Switching Equipment, C4I Systems for Civil and...

Defence Contract Hype: Apollo Micro Systems Shares Surge as DAC Approves Massive Arms Procurement Package Shares of the smallcap defence electronics firm, Apollo Micro Systems (AMSL), extended their gains for the third consecutive session on Monday. The stock saw an upward movement after the Defence Acquisition Council (DAC) approved crucial acquisition proposals for the armed forces. This approval has driven strong buying interest in AMSL's shares, which have gained nearly 6 percent over the past three trading sessions.The sharp rally comes following the DAC decision made on Friday. The council accorded Acceptance of Necessity (AoN) for various high-tech defence equipment acquisitions intended for the Defence Forces. These proposals...

NSE Poised for Mega $3 Billion IPO: Global Investor Roadshows Set Ahead of Massive Stock Offering National Stock Exchange Targets September Listing After Launching Marketing Campaign National Stock Exchange of India Limited (NSE), the operator of the world’s largest derivatives exchange by trading volume, is preparing to initiate a substantial initial public offering (IPO). Sources familiar with the matter indicate that the marketing phase for this massive stock sale could begin as early as next week.The NSE, which serves as one of India’s premier financial institutions, is moving forward with what is anticipated to be one of the largest IPOs in the country's history. The offering aims to raise up to $3 billion.Global Investor...

India's Forex Reserves Plunge as Services PMI Eases; Eurozone Activity Stabilises Foreign Exchange Reserve Decline Hits $666.9 Billion Mark India's foreign exchange reserves saw a decline of $5.7 billion in the week ended June 26, according to the latest CareEdge daily bulletin. The reserve drop was attributed primarily to decreases in foreign currency assets and gold reserves. This decline occurs as market focus shifts towards domestic economic indicators and global trade health.Services PMI Moderates but Remains in Expansion Territory India's Services Purchasing Managers' Index (PMI) moderated to 57.4 in June. This figure marks the lowest reading since January 2025, although it remains firmly within expansion territory. The...

Accent Microcell Board Approves Management Changes, Auditor Re-appointment at Annual Meeting Accent Microcell Limited held a board meeting on July 6, 2026, where it took several key decisions regarding corporate governance, financial reporting, and executive compensation. The Board considered reports for the financial year ended March 31, 2026, and approved critical appointments ahead of its forthcoming general body meetings.One significant outcome was the appointment of Ms. Pooja Dharmesh Shah as an Additional Director (Non-Executive, Independent category). She is effective from July 3, 2026. Ms. Shah, who holds a degree as a Chartered Accountant, has over seven years of experience in practice since 2017 and specializes in GST...

Sunlite Recycling Industries Announces ₹37 Crore Strategic Expansion of Manufacturing Capacity Sunlite Recycling Industries Limited has announced a strategic expansion aimed at strengthening its manufacturing capabilities to meet the increasing demand from domestic and international markets. The expansion will be executed through the Company's wholly owned subsidiary, Sunlite Aluminium Private Limited, alongside capacity increases within Sunlite Recycling Industries Limited itself.The company anticipates that these projects will be completed by Q1 FY2027-28, with financing planned through a combination of internal accruals and bank borrowings. The total investment for the expansion is approximately ₹37 Crore.Copper Products...

RNFI Services Limited Appoints Sameer Nagpal as Group Chief Operating Officer and Key Management Personnel RNFI Services Limited has announced the appointment of Mr. Sameer Nagpal as the new Group Chief Operating Officer (Group COO) of the company. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved this designation, effective July 06, 2026.In addition to his operational role, Mr. Nagpal has been designated as Key Management Personnel (KMP) of RNFI Services Limited.Mr. Sameer Nagpal brings extensive experience to the role, possessing over 20 years in banking, financial services, and rural financial inclusion. Throughout his career, he held leadership positions spanning business...

Rapido's Billion Dollar Bet: Can Affordable Logistics Unseat Zomato and Swiggy? CEO Aravind Sanka Details Ownly Ambition Rapido, the mobility giant, is betting its future on a seemingly unexpected venture: food delivery through its zero-commission platform, Ownly. Company CEO and co-founder Aravind Sanka believes that the logistics network built over a decade provides Rapido with a critical edge in the fiercely competitive Indian food delivery space.Sanka made it clear that the success of this gamble hinges on scale, stating that there is "no reason for Rapido to exist" if online food ordering does not reach 100 million users within three years. This ambition underscores Rapido's aggressive plans to double the market size in every...

Bluspring subsidiary STEAG India secures major contracts, boosting order book to over ₹5,100 Crore Bluspring Enterprises Limited has seen a significant boost in its energy services division as its subsidiary, STEAG Energy Services (India) Private Limited, secured multiple large long-term contracts, bringing the cumulative contract value to over ₹5,100 Crore.STEAG India, which was acquired by Bluspring on May 21, 2026, operates within an asset light model and provides endto-end services to power plants across various fuel types and generation capacities. The company has been established in India since 2001 as part of the 89 year old German energy giant STEAG Power GmbH. STEAG India currently manages 7GW of power plants globally, boasts...

D-Link Announces Board Meeting to Review Un-audited Financial Results for Q1 FY27 D-Link (India) Limited has announced a meeting of its Board of Directors to review and approve the un-audited financial results for the quarter ended June 30, 2026. The meeting is scheduled for August 01, 2026.The company will use the board session to consider the Q1 financial performance and other necessary matters.In relation to internal trading protocols, D-Link has confirmed that the trading window for dealing in the securities of the company closed effective from July 01, 2026. The trading window is set to reopen 48 hours after the disclosure of the said financial results to Stock Exchanges.DLINKINDIA Stock Price Movement Shares of D-Link...

Stellant Securities Reports Q2026 Performance with Net Profit After Taxing Stellant Securities (India) Limited has released its Standalone Unaudited Financial Results for the quarter ended June 30, 2026. The results reflect the company's performance across various segments including securities market trading, advisory, and bullion trading, showing a significant profit after tax compared to previous periods.The financial statements provide insights into the operational health of the company as of June 30, 2026, which were reviewed by auditors.Financial Highlights (in Rs. in Lacs) Consolidated figures from the Statement of Standalone Unaudited Financial Results show key performance indicators across different periods...

Auto Stocks Roar as Nomura Highlights Strong June Sales Surge, Pitting EV Leaders Against ICE OEMs Market Reactions to Robust Auto Sales Data Shares of Mahindra &Mahindra (M&M) and Ather Energy saw gains on Monday after Nomura reaffirmed its positive outlook following robust auto sales trends in June. M&M stock rose 1.14% to ₹3,172.70 on the NSE, while Ather Energy gained 0.74%, trading at ₹1,138.40. Hyundai Motor India, another firm favored by Nomura, traded slightly down 0.35% to ₹1,986.50.OEM Favoritism Amid Industry Momentum Nomura stated that "healthy demand momentum continued across segments in June." The brokerage noted significant growth in wholesale volumes for medium and heavy commercial...

Tirupati Forge Limited Approves Capital Hike, Issues 37 Lakh Convertible Warrants on Preferential Basis Tirupati Forge Limited announced several key corporate decisions following a board meeting held on July 2, 2026. The company approved an increase in its authorized share capital and decided to issue up to 37 lakh convertible equity warrants through a preferential allotment, subject to shareholder approval.The Board of Directors considered and approved the increase in the Company's Authorized Capital from existing Rs 26,50,00,000 (Rupees Twenty-Six Crores Fifty Lakhs Only) to Rs 27,50,00,000 (Rupees Twenty-Seven Crores Fifty Lakhs Only). This increase is proposed to facilitate future fund-raising requirements. The authorized share...