Markets

Ambani and Mittal Lead Charge as Global Commission is Formed to Guarantee Trustworthy AI for All Reliance Industries chairman Mukesh Ambani and Bharti Enterprises founder Sunil Bharti Mittal have joined a newly established global body tasked with steering the responsible development and adoption of artificial intelligence. This commission convenes over 40 world leaders, technology executives, and heads of multilateral organizations to define pathways for trustworthy and inclusive AI deployment globally.The launch of the AI for Good Global Commission was announced on July 3 by Rwanda President Paul Kagame, Salesforce chair Marc Benioff, and ITU secretary-general Doreen Bogdan-Martin. The initiative aims to bridge the divide between...

Effwa Infra Secures End-to-End ZLD Project from JSW JFE Electrical Steel Worth ₹44.30 Cr Effwa Infra & Research Limited has announced that it has secured a significant contract with JSW JFE Electrical Steel for the manufacture, supply, and supervision services related to a Zero Liquid Discharge (ZLD) based Effluent Treatment Plant (ETP) project. The total value of the contract stands at ₹44.30 Crores plus GST.The deal encompasses the complete scope of work for the ZLD project, including design, engineering, supply, supervision of installation, commissioning, and subsequent operation and maintenance (O&M) services.Effwa Infra & Research Limited confirmed that the contract is a domestic undertaking, with no interest held by the...

Sitharaman Pitches India's Digital Superpower Status as She Seeks French Investment in Green Energy and Life Sciences Strengthening Bilateral Ties: Focus on Viksit Bharat 2047 Finance Minister Nirmala Sitharaman recently used an India-France Business Roundtable to pitch ambitious investment opportunities, urging French firms to partner in India’s journey toward 'Viksit Bharat 2047.' The minister emphasized deepening the strategic partnership between both nations, aiming for shared prosperity across vital economic sectors.Addressing the gathering in Paris, Sitharaman stressed that the evolving global landscape offers fresh avenues for collaboration. This shift is driven by technological transformation, energy transition, and increasing...

Jolly Plastic Industries Ltd Appoints New Directors and C-Suite Leaders; Notes Several Key Resignations Jolly Plastic Industries Ltd has finalized significant changes to its leadership structure following a Board meeting held on June 12, 2026. The Board approved the appointment of several key managerial personnel (KMP) and additional directors while accepting resignations from existing board members and the statutory auditor.Among the appointments made were Mr. Atul Kumar Agarwal as Chairperson. Additionally, the Board approved a proposal for changing the company's name, subject to receiving necessary approvals from regulatory bodies and shareholders.Key Appointments and Operational Changes Several senior roles within the company...

Shivalik Bimetal Controls Subsidiary Receives Consent for New Facility in Himachal Pradesh Shivalik Bimetal Controls Ltd has announced that its wholly owned subsidiary, Shivalik Engineered Products Private Limited, has received the necessary consent to operate the new facility located in Waknaghat, Distt. Solan, Himachal Pradesh.The facility is situated at Plot No. 2 to 4 and 9 to 12 in the Industrial Area of Waknaghat, HP- 173234.This development underscores the company’s commitment to continued expansion within the sector. The operation relates to a planned relocation being undertaken by Shivalik Engineered Products Private Limited.Management stated that the transition and relocation are being managed in a phased manner. This...

KPI Green Energy appoints Prof. Sunil Kumar Maheshwari as Vice-Chairman of the Board KPI Green Energy Ltd has appointed Prof. Sunil Kumar Maheshwari as a Non-Executive Director and Vice-Chairman of its Board, effective July 03, 2026. This decision follows the recommendation of the Company's Nomination and Remuneration Committee. The appointment is subject to the approval of the Company’s shareholders.Prof. Sunil Kumar Maheshwari has been appointed to the role as a Vice-Chairman of the Board. He was selected for the position after demonstrating extensive experience across leadership, strategy, organizational transformation, and human resource management. As noted in the company's records, Prof. Maheshwari is not related to any existing...

Prabha Energy Sets Record Date for Final Call in Rights Issue Prabha Energy Limited announced the fixation of a specific Record Date related to its ongoing rights issue, setting the stage for the second and final call notice concerning eligible shareholders. The decision was made by the Company's Rights Issue Committee during a meeting held on July 03, 2026.The company previously had approved and subsequently allotted 96,67,258 partly paid-up equity shares of face value ₹1 to eligible shareholders and/or renouncees, with this allotment being intimated on April 07, 2026.The Rights Issue Committee further approved Thursday, July 09, 2026, as the Record Date for determining the eligible shareholders who are due to receive the notice...

QPE Subsidiary Secures Significant Order for FACTS Equipment Supply in Japan Quality Power Electrical Equipments Ltd has seen its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, secure a significant order involving the supply of FACTS system and equipment. This contract represents a major international business win for the company's group.The single large order involves the supply of FACTS system and equipment to an International Entity. The total value of this contract is approximately INR 40.9 Crores exclusive of taxes. The execution timeline for the project is anticipated around December 2027.This business transaction was confirmed to be non-related party, with no involvement or interest from the promoter group...

Titan Company Ltd Releases Sustainability Report for FY 2025-26 Highlighting ESG Commitments and Operational Metrics Titan Company Limited has published its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, outlining its operational scope, human capital management, and environmental stewardship efforts. The report details the company's performance against various sustainability commitments, including energy consumption, water usage, waste generation, and labor practices.Business Operations and Market Presence The company’s operations span both national and international markets, with a significant focus on manufacturing and retail activities. Titan Company Limited is involved in Jewellery Design...

Marc Technocrats Limited Approves Auditor Appointments and Sets Details for 19th Annual General Meeting Marc Technocrats Limited announced several key outcomes from its Board of Directors meeting held on Friday, July 3, 2026. The board approved critical appointments related to governance and procedures, set the timeline for the upcoming annual general meeting (AGM), and authorized a variation in the utilization of certain Initial Public Offer (IPO) proceeds.The company confirmed that the 19th Annual General Meeting is scheduled for Tuesday, July 28, 2026, which will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The board also appointed Cs Bindas Gandhi, a Practicing Company Secretary, to serve as the...

Vikas EcoTech Ltd. Announces Audited Financial Results for Quarter and Year Ended March 31, 2026 Vikas Ecotech Limited has released its audited standalone financial results for the quarter ending December 2025, the quarter ending March 2026, and for the full financial years ended March 2023, March 2025, and March 2026. The results were published through a newspaper advertisement in Financial Express (English Edition) and Jansatta (Hindi Edition) on July 03, 2026.The company's performance metrics across various periods are detailed below, with figures reported in Lacs.Key Financial Highlights (Figures in Lacs) The financial data spans the three-month periods ending December 2025 and March 2026, as well as corresponding full year...

ICICI Bank Sets Sights on Global Bond Rally, Preparing Major Dollar Offering After RBI Concession ICICI Bank Ltd., India's second-largest private-sector lender, is set to embark on a major international fundraising drive. The bank is reportedly discussing a significant overseas bond sale in the coming weeks. This move aims to leverage a recent favorable concession provided by the Reserve Bank of India (RBI).The proposed transaction involves raising at least $500 million through a Global Medium-Term Note program. This specialized debt issuance route allows ICICI Bank to access global capital markets effectively. The lender is in discussions with several international banks that are arranging this prospective deal.This planned...

Krishna Defence Confirms Record Date for Dividend Entitlement and E-voting Krishna Defence and Allied Industries Limited has confirmed the record date for the entitlement of dividend and e-voting related to its Annual General Meeting (AGM) for the financial year 2025-26.The company provided clarification regarding the cut-off date, noting that the specific record date is Wednesday, July 8, 2026. This date relates to the entitlement of dividend and e-voting for the upcoming AGM.The Annual General Meeting itself is scheduled to take place on Wednesday, July 15, 2026, during which the dividend payment will be conducted.Key details regarding the security and dates are as follows:SYMBOLISINType of SecurityRecord Date for...

Enbee Trade & Finance Ltd Acquires Shares in Target Company via Open Market Enbee Trade & Finance Limited successfully acquired shares in a target company through an open market transaction, according to details provided regarding the holding and disposition of securities. MEYHUL GAALA, acting as part of the Promoter Group, executed the acquisition on behalf of Enbee Trade & Finance Ltd.The acquisition spanned from June 29, 2026, to June 30, 2026, utilizing the open market mode.Before the transaction, MEYHUL GAALA held 1,16,69,300 shares, representing 1.67% of the total voting capital of the target company. This holding was noted against a total equity share capital of 697,286,312.The acquisition process resulted in the complete...

Fuel Prices Alert: Check Latest Petrol and Diesel Rates Across Major Indian Cities After Government Review Daily Fuel Price Updates: OMCs Determine New Rates for Consumers The market vigilantly awaits official announcements regarding fuel prices across India today, July 3rd. With Oil Marketing Companies (OMCs) constantly recalibrating rates based on global crude oil movements, consumers are urged to check the latest daily listings. This update provides a comprehensive look at petrol and diesel price points in crucial metropolitan areas including Delhi, Mumbai, and Noida.Petrol and diesel prices significantly impact daily commuting costs for millions of Indians. As these vital commodities fluctuate, the transparency provided by OMCs...

Oil Prices Poised for Significant Plunge as Strait of Hormuz Shock Fades: Citigroup Forecasts $60 Target Global Markets Navigate Energy Shift as Supply Normalizes Global energy markets are rapidly returning to a state of normalization, leading to a swift and sharp collapse in crude oil prices. This trend is being heavily driven by the easing of disruptions previously associated with the Strait of Hormuz.Citigroup Inc. analysts have voiced a notably bearish outlook for the global crude market. They suggest that fundamentals are reasserting themselves rapidly as the artificial shortages created by geopolitical instability begin to fade away.The resumption of shipping flows through the crucial waterway is adding substantial barrels...

Promoter Entities Make Transactions Regarding IndusInd Bank Shares IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL), both belonging to the Promoter group, executed share transactions concerning shares of IndusInd Bank Ltd on June 30, 2026. The transaction involved a release of pledge by IIHL and the creation of a pledge by IL.The company's stock is listed on BSE Ltd. and The National Stock Exchange of India Limited.Details regarding the pre-acquisition holdings and subsequent stakeholding post-transaction for both entities are summarized below:Holding CategoryIndusInd International Holdings Limited (IIHL)IndusInd Limited (IL)Shares Carrying Voting Rights7,82,48,47511,75,16,010Shares in the Nature of...

Bhageria Industries Announces 37th Annual General Meeting and Dividend Payment Timeline Bhageria Industries Ltd has scheduled its 37th Annual General Meeting (AGM) and announced key dates regarding the payment of a proposed dividend for the financial year ended March 31, 2026. The company confirmed that shareholders must be registered by the Record Date to receive their shares during the upcoming meeting.The Annual General Meeting is scheduled for Saturday, August 1, 2026, and will be conducted via Video Conferencing (VC) or other Audio-Visual means (OAVM). The proceedings of the AGM are deemed to be held at the Registered office of the Company located on the 17th Floor of a Mumbai business bay.Key Dates for AGM and Dividend Payment...

Arup Mandal Resigns as Chief Financial Officer of Maharashtra Seamless Limited Maharashtra Seamless Limited has announced the resignation of Mr. Arup Mandal from his position as Chief Financial Officer (CFO). The cessation of Mr. Mandal's role was effective from July 2, 2026.The company stated that Mr. Mandal resigned due to personal reasons.This development pertains to the leadership structure of Maharashtra Seamless Limited. The information confirms that the change in personnel involves the resignation of Mr. Arup Mandal as Chief Financial Officer.MAHSEAMLES Stock Price Movement Shares of Maharashtra Seamless Limited are edging higher to ₹607.00 as of 11:25 AM, having gained 0.32% in live trading. The stock has seen 31,998...

Simplex Castings Ltd Announces Record Date for Equity Share Split Simplex Castings Ltd has announced a record date for the proposed sub-division of its equity shares, following shareholder approval obtained through a Postal Ballot conducted on July 2, 2026. The company is proceeding with a significant capital structure change involving the split of its existing equity shares.The Board of Directors fixed the Record Date to determine the eligibility of shareholders for this corporate action. This move involves splitting one Equity Share of the company, which currently holds a face value of Rs. 10/- each, into five (Five) Equity Shares, each having a face value of Rs. 2/-.The key timeline and details regarding the share split are...