Markets

Nifty Inches Towards 24,600: Technical Bounce Gains Momentum as VIX Hits Five-Month Low The Nifty 50 extended its upward trend for the third consecutive session on July 3, gaining 95 points or 0.39 percent. The index closed at 24,271, settling marginally above the previous week's high after trading in a range. Despite some profit booking late in the session, the index sustained its crucial position above the 24,300 mark.Nifty Technical Strength and Momentum Indicators Technically, the market displayed mixed signals, forming a bearish candle on the daily charts while simultaneously sustaining the bullish gap. The momentum indicators, however, showed substantial improvement. The Relative Strength Index (RSI) climbed to 60.95 with a...

Walchand Peoplefirst Announces 106th AGM with Dividend Declaration and Director Reappointment Agenda Walchand Peoplefirst Ltd. has scheduled its One Hundred and Sixth (106th) Annual General Meeting (AGM), which will be held on Thursday, July 30, 2026, at 03:00 P.M. IST. The meeting, whose venue is deemed to be the company's registered office in Mumbai, will be conducted via Video Conferencing or other Audio-Visual Means (VC/OAVM).The AGM agenda includes several key resolutions proposed by the Board of Directors, covering financial performance and corporate governance matters for the Financial Year ended March 31, 2026.Key Agenda Items The primary business at the AGM involves three main ordinary resolutions:Financial Review: To...

Institutional Capital Surges in Indian Real Estate: $4.5 Billion Inflows as Big-Ticket Bets Head to Mixed-Use Assets Institutional investments into the Indian real estate market have witnessed a robust surge, hitting USD 4.5 billion during the first half of 2026. This significant capital inflow is supported by strong domestic commitment and strategic foreign deployment, according to insights from Colliers. The trend marks the highest first-half institutional investment total in six years, indicating renewed confidence among large financial players.Real Estate Inflows Cross $4.5 Billion Mark in H1 2026 Institutional investors injected USD 2.9 billion into real estate during the April-June quarter of 2026 alone. This second-quarter...

Delta Manufacturing Limited receives GST scrutiny notice over discrepancies in FY 2023-24 returns Delta Manufacturing Limited has received a Notice for Scrutiny of Returns from the Office of the Deputy Commissioner of State Tax, Ambad, Nashik. The notice pertains to the Company's GSTR-3B returns for the Financial Year 2023-2024 (April 2023 to March 2024).The scrutiny was initiated following an examination of the Company's GST returns. The Deputy Commissioner’s office issued the notice in Form GST ASMT-10 under Section 61 read with rule 99 of the CGST/SGST Act, 2017.The notice seeks clarification and explanation regarding certain discrepancies observed during the scrutiny process. These issues relate to the reporting of Reverse...

Vedanta Power Records Strong Quarter as Sales Surge 38% Year Over Year Mumbai: Vedanta Power Limited today announced its operational results for the first quarter ended June 30, 2026, reporting a significant surge in sales while highlighting specific performance metrics across its portfolio companies. The company achieved sales of 5,225 Million Units in the current quarter, marking a 38% increase year over year (YoY).The operational period for Q1 FY'27 includes the completion of Vedanta Power Limited's demerger from Vedanta Limited, meaning performance comparisons are presented across both pre and post-demerger periods. Performance figures are detailed below, reflecting various assets within the company’s structure.Particulars1Q...

Fuel Crisis Hits Black Sea Hub as Novorossiysk Runs Out of Gasoline Amid Supply Crunch The supply chain for refined fuels in Russia is reaching a critical juncture, with Novorossiysk, home to the nation's largest oil port on the Black Sea, reporting severe shortages of road fuel. The situation reflects a rapidly escalating domestic crisis following concentrated attacks on crucial oil infrastructure by Ukrainian forces. Local authorities have confirmed that gasoline is currently unavailable at most filling stations across the city.Fuel Rationing and Market Fallout in Novorossiysk The shortage has hit the heart of Russia’s Black Sea energy exports. Despite hosting the nation's largest oil terminal, which successfully processed over...

Vesuvius India Clarifies Surge in Share Volume Attributes Spike to Market Conditions Vesuvius India Limited has addressed inquiries regarding a significant increase in the volume of its securities across exchanges, attributing the stock movement primarily to market conditions.In response to exchange queries concerning the surge, the company stated that it regularly provides all material information related to the operation and performance of the Company to the exchanges in an accurate and timely manner.The management clarified that while the Company strives to fulfill all statutory requirements and provide necessary clarifications as requested by the exchanges, the increase or spurt in share volume is fundamentally driven by market...

Felix Industries Approves Board Reconstitution, New Director Appointment, and Listing Migration Plan Felix Industries Limited held a meeting of its Board of Directors on Friday, July 3, 2026. Key resolutions passed during the meeting included the appointment of a new Independent Director, the resignation of an existing director, approval for listing migration, and the reconstitution of the Nomination and Remuneration Committee.The Board reviewed and approved the migration of equity share listing from the NSE Emerge platform to the main board of the National Stock Exchange of India Limited (NSE), pending necessary approval from shareholders and stock exchanges. Additionally, the company authorized the Board to grant loans and advances...

IBL Finance Limited Board Approves AGM Call and Non-Convertible Debenture Listing Proposal The Board of Directors of IBL Finance Limited, in a meeting held on July 3, 2026, approved several key corporate actions, including the call for the company’s 9th Annual General Meeting (AGM) and matters concerning the listing of outstanding non-convertible debentures.During the Board Meeting, which took place at the company's Corporate Office, among other resolutions, the Directors reviewed and sanctioned the proposal to list the company’s outstanding unlisted Non-Convertible Debentures. This action is conditional upon shareholder approval and the successful listing of the proposed public issue of Non-Convertible Debentures, as previously...

Revolutionizing Travel: How Mumbai-Ahmedabad Line is Paving the Way for India's National Bullet Train Network India’s high-speed rail journey is rapidly gaining momentum as the completion of the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor solidifies its position as a transformative project. The MAHSR, described as the country's first dedicated bullet train corridor, is not merely a line; it is establishing a standardized blueprint for future national expansion. These advanced trains possess a design speed of up to 350 km per hour, significantly outpacing existing infrastructure like Vande Bharat trains.The successful execution of MAHSR is generating a unified template that will govern upcoming bullet train corridors across the...

Velan Hotels Completes Sale of Tirupur Hotel Property to J.P. Associates Asia Pacific Velan Hotels Ltd has confirmed the completion of the sale of its hotel property located in Tirupur. The property was sold to M/s.J.P.Associates Asia Pacific Private Ltd, a non-related party based in Coimbatore.The transaction was finalized on July 2, 2026, following necessary rectification of mistakes within the Town Survey Land Register (TSLR) pertaining to the property.The total sale consideration for the hotel property amounted to Rs.37,16,02,048/-. The payment was received in multiple tranches and is subject to the deduction of applicable TDS.Stock Price Movement At this 15:10 update, Velan Hotels Ltd shares are edging higher, trading at...

Crude Stability Holds as US-Iran Peace Efforts Calm Geopolitical Tensions Oil prices remained steady throughout the week as traders responded cautiously to ongoing diplomatic efforts aiming for peace between the United States and Iran. These international attempts have served to temper immediate volatility, though underlying concerns regarding regional stability persist.Oil Prices Hold Steady Amid Diplomatic Hopes Brent futures traded slightly up, reaching $71.97 a barrel or 0.24%, with Brent gaining 17 cents at 0932 GMT. West Texas Intermediate (WTI) also saw minor gains, rising by 2 cents, or 0.03%, to reach $68.71 a barrel. For the full week, however, Brent proved virtually unchanged, while WTI experienced a slight downturn of...

Nurture Well Industries Issues Corporate Guarantee to Bank for Subsidiary's Loan Facility Nurture Well Industries Ltd has issued a corporate guarantee amounting to Rs. 25 crores in favor of Punjab & Sind Bank. The guarantee serves as security for a loan facility availed by the company's material subsidiary, Nurture Well Foods Limited (NWFL), from the Lender.The corporate guarantee details confirmed that the transaction is conducted at arm's length and involves no interest or involvement from the promoter group or affiliated companies of Nurture Well Industries Ltd.Guarantee Details and ImpactA review of the commitment indicates that the Corporate Guarantee represents a contingent liability for Nurture Well Industries Ltd. The...

Bil Vyapar Ltd to Host 16th Committee of Creditors Meeting on July 3, 2026 Bil Vyapar Limited, formerly known as Binani Industries Limited, announced the schedule for its next meeting of the Committee of Creditors. The company is set to hold its 16th Committee of Creditors (CoC) meeting on Friday, July 3, 2026.The gathering pertains to Bil Vyapar Limited and concerns operations while the entity is under Corporate Insolvency Resolution Process (CIRP).BILVYAPAR Stock Price Movement Today, shares of BIL VYAPAR LIMITED rallied strongly to settle at ₹4.26 after closing, reflecting a solid gain of 4.93%. The stock saw limited trading activity on a volume of 16,201 shares and finished within the day’s trading band of ₹4.12–₹4.26.

TeamLease Takes Legal Challenge Against EPFO Over Fund Mismanagement Allegations Teamlease Services Limited is actively pursuing a legal remedy against the Employees' Provident Fund Organisation (EPFO) in the High Court of Karnataka, following receipt of a Show Cause Notice (SCN). The company has received judicial direction that mandates the EPFO to review its defense and conduct an enquiry into the matter.The dispute centers around alleged contraventions related to the administration and management of funds by the Employees' Provident Fund Trust, as outlined in the SCN dated April 13, 2026. Key observations cited in the notice include investment losses, losses incurred on the sale of Bonds and Debentures, misappropriation of...

Rupee Bounces Strong As Sensex and Nifty Surge; Forex Sees Pressure from Dollar Demand The Indian Rupee appreciated 14 paise on Friday, settling at 95.21 provisional against the US dollar. This move came as the dollar index retreated from recent high levels and paralleled a buoyant performance in domestic equity markets.Forex traders noted that despite a weakening global dollar index and subdued movements in crude oil prices, the rupee faced consistent selling pressure stemming from robust dollar demand across corporate hedgers and importers. During the interbank market session, the currency traded within a range of 95.16-95.35.Rupee Movement and Forex Market Dynamics The rupee closed at 95.21 (provisional), marking a gain of 14...

Fabriks SA Ltd Sets Record Date and Book Closure for Dividend Payment and AGM Wires & Fabriks SA Ltd has announced the record date and book closure period pertaining to its equity shares, in relation to the upcoming dividend distribution and the company's 69th Annual General Meeting.The company set the Record Date as Wednesday, July 22, 2026, for all shareholders seeking eligibility for both the dividend payable on the financial year ended March 31, 2026, and attendance at the 69th Annual General Meeting.To facilitate this process, the Register of Members and Share Transfer Books are scheduled to remain closed during a specific period in July 2026.Security CodeType of SecurityBook Closure PeriodRecord DatePurpose...

IC Electricals IPO Surges Past Expectations; Demand Rockets as Railway Equipment Maker Achieves Multi-Day Subscription Milestone The initial public offering (IPO) of IC Electricals Company has received overwhelming positive feedback from investors, achieving a strong subscription level on its first day of bidding on July 3. The demand for the stock remains robust, with the share trading at a substantial premium in the grey market. This success underscores investor confidence in the specialized electronics sector, particularly given the company’s focus on critical railway applications.Subscription Metrics Reflect Massive Investor Appetite IC Electricals is raising a total of Rs 47.9 crore through the IPO. The offering includes 48.39...

Talbros Engineering Secures 40,000 Sq. Ft. Industrial Premises for Future Expansion Talbros Engineering Limited has successfully secured a new industrial premises in Madhya Pradesh to support future expansion and the development of new projects. The company has executed an agreement to sell regarding the property located at Plot No. 70-B, Sector - 3, Industrial Growth Center, Pithampur, Dhar, Madhya Pradesh.The transaction involves M/s Lakhani Rubber Products Private Limited as the seller, with Talbros Engineering Limited acquiring the premises measuring 40,000 square feet. The total consideration for this acquisition stands at Rs. 25.00 crores (Rupees Twenty-Five Crores only).This new industrial space is intended solely for the...

TVS Electronics Ltd faces ongoing litigation regarding wage interpretation with EPFO, seeks relief in Madras High Court TVS Electronics Ltd is involved in material pending litigation concerning the interpretation of basic wages by the Employees' Provident Fund Organisation (EPFO) and related tribunals. The dispute covers the assessment period from April 2014 to June 2015 before the Central Government Industrial Tribunal – CUM-Labour Court, Chennai.The litigation centers on EPFO including certain allowances for provident fund contribution purposes in connection with employees whose basic wages were below the statutory wage ceiling.Regarding the financial aspects of the dispute, the company noted that the differential PF contribution...