Markets

Shri U. Raja Babu Ceases Role as Government Nominee Director at Bharat Dynamics Limited Shri U. Raja Babu has ceased to be the Government Nominee Director on the Board of Bharat Dynamics Limited (BDL). This change became effective from July 1, 2026.The cessation followed his superannuation from DRDO, Hyderabad, where he served as DS & DG (MSS), as communicated by DRDO.BDL Stock Price Movement Shares of Bharat Dynamics Limited are edging higher to ₹1388.9 as of 2:25 PM today, gaining 0.29% in live trading. The stock maintains a steady momentum, with over 2.03 million shares traded so far in the market session.

Government Bond Auction Smashes Records: RBI Achieves Full Subscription with Rs 34,000 Crore Tranche RBI Completes Seamless Auction of GS 2036 Bonds The Reserve Bank of India (RBI) has successfully concluded the auction for Government Stocks related to the 6.94% GS 2036 instrument. The auction proceedings demonstrated strong market confidence, resulting in a fully subscribed issuance on July 3, 2026.The securities were offered with a notional amount of ₹34,000 crore. This significant tranche was entirely accepted by participants, indicating high demand for the fixed-income instrument.Key Outcomes and Cut-off Pricing Details The auction results reveal precise metrics regarding the bond performance. The cut-off price for the 6.94% GS...

Arvind Ltd Board Approves Rs 600 Crore Funding through Capital Issue Arvind Limited announced that its Board of Directors has approved the raising of funds through the issuance of various securities, with an aggregate amount not exceeding Rs.600 Crores. The approval was granted during a meeting held on July 3, 2026.The company is authorized to raise capital by issuing equity shares of face value ₹10 each. The proposed Securities include convertible/redeemable preference shares, fully/partially convertible debentures, or a composite issue of non-convertible debentures along with warrants. Additionally, the issuance can cover Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds...

Prof. Sunil Kumar Maheshwari Appointed as Vice-Chairman at KP Green Engineering Ltd; Amit Khandelwal Resigns KP Green Engineering Ltd has announced changes in its Board of Directors, effective July 03, 2026. The company approved the appointment of Prof. Sunil Kumar Maheshwari and noted the resignation of Mr. Amit Khandelwal from the board, according to outcomes of a recent Board meeting.Prof. Sunil Kumar Maheshwari was appointed as a Vice-Chairman of the Board in the capacity of a Non-Executive Director, based on the recommendation of the Nomination and Remuneration Committee. His appointment is subject to the approval of the Company's shareholders.Simultaneously, Mr. Amit Khandelwal tendered his resignation as a Non-Executive...

Twamev Construction and Infrastructure Ltd Reports Resignation of Chief Operating Officer Twamev Construction and Infrastructure Ltd, formerly known as Tantia Constructions Limited, has announced that Mr. Debajyoti Debnath has resigned from his position as Chief Operating Officer (COO). The resignation was effective from the close of business hours on October 31, 2025.Mr. Debnath’s decision to step down comes after a period during which he held the COO role at the company. He cited the desire to explore new professional opportunities and broaden his work exposure and experience across different domains as the reason for his departure.The resignation of Mr. Debnath, who served in the role, has been accepted by the management of...

BHEL's Credit Rating Upgraded by CRISIL Ratings; Long Term Rating Reaches Crisil AA Bharat Heavy Electricals Ltd (BHEL) has received an upgrade in its credit rating from M/s CRISIL Ratings. The company saw its long-term rating improved, while the short-term rating was reaffirmed, following a review of operational and financial performance up to FY 2025-26.CRISIL Ratings upgraded BHEL’s Long Term Rating to ‘Crisil AA / Stable.’ Concurrently, the Short Term Rating for the company was reaffirmed at the highest level, ‘A1+’.The rating assessment covers the Total Bank Loan Facilities amounting to Rs 80000 Crores. The details of the credit ratings provided by CRISIL Ratings are summarized below:Facilities/ InstrumentsRating Detail...

Aditya Birla Sun Life AMC Reports on Sustainability and Governance in FY 2025-26; Focus on CSR and Operational Efficiency Aditya Birla Sun Life AMC Limited (ABSLAMC) has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year ended March 31, 2026. The report details the company’s operational structure, employee well-being initiatives, and commitment to corporate social responsibility (CSR), which positively impacted over 2,41,000 lives across five states in India during the reporting period.The BRSR was independently assessed by DNV Business Assurance India Private Limited. The document provides a comprehensive overview of ABSLAMC’s operations, governance frameworks, and sustainability performance...

SPR Auto Technologies Sets Date for 62nd AGM; Plans up to Rs 10,000 Million Fundraising and Dividend Declaration SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has scheduled its 62nd Annual General Meeting (AGM) for July 27, 2026. The meeting is set to transact key business items including the adoption of financial statements, the declaration of a final dividend, and seeking shareholder approval for a significant capital raising plan through a Qualified Institutions Placement (QIP).The AGM will be held on Monday, July 27, 2026, at 4:00 p.m. Indian Standard Time (IST) via Video Conferencing (VC)/Other Audio-Visual Means (OAVM), with the Registered Office in New Delhi serving as the deemed venue.Financials...

Golden Crest Education & Services Ltd Approves New Director Appointments Amid Board Restructuring Golden Crest Education & Services Ltd conducted a Board of Directors meeting on July 3, 2026, which resulted in key appointments to the board and noted several resignations. The company also outlined critical timelines leading up to its 43rd Annual General Meeting (AGM).Director Appointments and Changes During the meeting, two new directors were appointed to the Board. Mr. Naresh Prasad Sah was appointed as a Non-Executive Independent (Additional) Director effective July 3, 2026, holding office for five years, subject to shareholder approval at the ensuing AGM. His professional background includes extensive experience in compliance under...

Gujjubhai Industries Increases Cash Credit Facility Limit from State Bank of India Gujjubhai Industries Ltd, previously known as Sumuka Agro Industries Limited, has approved a significant increase in its Cash Credit Facility limit with the State Bank of India. The company confirmed that its Board of Directors sanctioned the enhancement following a meeting held on July 03, 2026.The corporate decision involves modifying Charge ID 101041544 related to the facility provided by the SME Jayanagar branch of the State Bank of India.Under the approval, Gujjubhai Industries has increased its Cash Credit Facility limit from INR 4,95,00,000 to a new limit of INR 5,93,00,000.The Board meeting concerning this financial modification commenced...

Gillette India Declares Final Dividend of Rs 60 per Share; Shareholders Advised on TDS Submission Process Gillette India Limited has declared a final dividend for its shareholders, setting out detailed procedures regarding Tax At Source (TDS) deductions based on regulatory requirements. The declaration follows the company's Board meeting held on May 27, 2026.The Board of Directors approved a final dividend of Rs. 60 per equity share, where the face value of the stock is Rs. 10 each. This dividend pertains to the Financial Year 2025-26 and is subject to approval at the upcoming Annual General Meeting of the Company. As stated in prior communications, the dividend paid by Gillette India Limited is taxable in the hands of the...

State Trading Corporation of India Ltd Appoints Raghvendra Singh as Additional Director Finance The State Trading Corporation of India Limited, a Government of India Enterprise, has approved the appointment of Shri Raghvendra Singh as Additional Director and Director-Finance. This decision was made by the existing Board of Directors through circulation on July 3, 2026, with the appointment becoming effective from June 29, 2026.Shri Raghvendra Singh has been appointed to the role following an Order issued by the Ministry of Commerce & Industry, Department of Commerce, dated June 5, 2026.The newly appointed director is confirmed not to be related to any existing Director on the Board of STC as of his appointment date. Furthermore, he...

Tata Electronics Surges Past Foxconn in Exported iPhone Value from India; A Deep Dive into the Manufacturing Race Tata Electronics has achieved a significant milestone in India's burgeoning smartphone ecosystem. According to a report by Business Standard, the company has surpassed Taiwanese competitor Foxconn concerning the value of iPhones exported from India during the five-year Production Linked Incentive (PLI) scheme period. This development underscores the accelerating pace of localization within high-value manufacturing.Tata Overtakes Foxconn in Exported iPhone Value The data, which is based on vendor submissions to the government, reveals that iPhones assembled by Tata Electronics and exported during the specified period were...

Aadhar Housing Finance Ltd Confirms Utilization of Commercial Paper ProceedsAadhar Housing Finance Limited has confirmed that the proceeds generated from the issuance and listing of Commercial Papers (CPs) have been fully utilized for the purposes originally disclosed in the company's Key Information Document.The verification relates to the quarter ending June 30, 2026. The proceeds from the CPs issued and listed on BSE Limited during this period were used strictly according to the purposes previously outlined by Aadhar Housing Finance Ltd.The Chief Financial Officer of the company confirmed that Aadhar Housing Finance Limited has also adhered to all other relevant listing conditions pertaining to the Commercial Papers as...

Mansoon Trading Company Ltd Reports No Interest or Dividend Payments for Q2 FY2026<p>Mansoon Trading Company Ltd has announced that there were no payments of interest, dividend, or principal made during the second quarter, spanning April to June 2026.</p><p>The company confirmed this operational status, noting that the lack of such payments is due to the fact that Mansoon Trading Company Ltd has not issued any debt, interest-carrying, or dividend-bearing instruments. This details the current financial standing regarding instrument distributions for the period under review.</p>Stock Price Movement As of 10:05, Mansoon Trading Company Ltd shares are trading neutrally with no change today, holding at ₹[Current Rate]. The stock has...

Twamev Construction and Infrastructure Limited Announces Resignation of Chief Operating OfficerTwamev Construction and Infrastructure Limited has announced that Mr. Debajyoti Debnath has resigned from the position of Chief Operating Officer (COO). The resignation was accepted by the company’s Board, effective from 31 October, 2025.Mr. Debnath submitted his resignation as COO in a letter dated 31 October, 2025, stating that he wished to explore new professional opportunities and broaden his work exposure and experience across different domains. He conveyed his gratitude to the Board of Directors, the management, and all colleagues for their support and trust during his tenure with the Company.The company confirmed that Mr...

Tata Technologies Schedules Board Meeting to Review Q1 Results for June 30, 2026 Tata Technologies Ltd has scheduled a meeting of its Board of Directors to review the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The meeting is set to take place on Friday, July 17, 2026.The board meeting will cover the financial performance for the quarter, including the Limited Review Report of the Auditors for the corresponding period.In addition to the scheduled review, the company has provided details regarding its insider trading protocols. The Trading Window was closed with effect from June 24, 2026, and remains closed until 48 hours after the financial results are declared and disseminated to the...

SP Capital Financing Ltd Board Approves Major Related Party Transaction and Increased Borrowing Limit SP Capital Financing Ltd's Board of Directors has approved key corporate actions following a meeting held on July 03, 2026. The decisions include sanctioning a Material Related Party Transaction (MRPT) with Pride Hotels Limited and enhancing the company’s borrowing powers.The Board approved entering into an MRPT with Pride Hotels Limited for an aggregate amount not exceeding ₹ 95,00,00,000 (Rupees Ninety-Five Crore only). This transaction remains subject to the approval of the Company's shareholders through a Postal Ballot and any other requisite approvals.In addition to the related party transaction, the company’s Board also...

Oriental Rail Infrastructure Ltd Forms Joint Venture LLP to Undertake Railway Coach Refurbishment Projects Oriental Rail Infrastructure Limited (ORIL) has established a new business vehicle aimed at expanding its footprint in the railway sector. The company incorporated ABOR Projects LLP, a Limited Liability Partnership (LLP), as a joint venture with M/s A B Composites Private Limited.The newly formed entity, ABOR Projects LLP, was incorporated on July 02, 2026. This strategic move allows ORIL to participate in turnkey projects related to railway coach refurbishment and other allied activities within the railways sector. The partnership structure is designed with A B Composites holding a 51% stake, while ORIL holds the remaining 49%...

Poonawalla Fincorp Ltd Allots Non-Convertible Debentures Worth ₹50 Crore in Private Placement Poonawalla Fincorp Limited has successfully completed the allotment of secured, redeemable, and listed non-convertible debentures (NCDs) through a private placement. The issuance, which was approved by the company's Finance Committee on July 03, 2026, raised a total amount of ₹500,01,90,000/- for the organization.The allotment covers 50,000 debentures of PFL NCD Series 'D1' FY2026-27. Each debenture has a face value of ₹1,00,000/-, resulting in a total face value amounting to ₹500,00,00,000/- (Rupees Five Hundred Crore only). The placement included a premium of ₹1,90,000/- (Rupees One Lakh and Ninety Thousand only), bringing the total amount...