Markets

Delhivery Limited Receives Order Under GST Act Confirming Tax DemandDelhivery Limited has received an order from the Commercial Tax Officer of Tamil Nadu concerning its Goods and Services Tax (GST) obligations. The order, dated June 27, 2026, pertains to compliance matters for the financial year 2023-24.The action taken involves an order passed under Section 74 of the CGST/Tamil Nadu GST Act, 2017. This ruling confirms a tax demand along with associated interest and penalties against the company. The demand was raised due to the disallowance of input tax credit.As per the details provided in the official documentation, the financial components of the order are as follows:ComponentAmount (₹)Tax Demand27,64,150/-Interest...

Secured Creditors Approve Amalgamation Scheme of Dr. Agarwal's Health Care Limited The resolution for the scheme of amalgamation between Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited has been duly approved by the secured creditors of Dr. Agarwal's Health Care Limited. The approval was confirmed following a meeting of secured creditors held on July 02, 2026.The company convened the meeting to seek approval for the amalgamation scheme involving both Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited. The voting processes included remote e-voting, e-voting at the venue, and polling via proxies.The combined scrutiny of all voting methods indicated a successful approval of the proposed...

Reliance Power Limited Fined Rs 2,44,93,394 by Income Tax Department over Transfer Pricing Adjustment Reliance Power Limited has been levied a penalty of Rs 2,44,93,394/- by the Income Tax Department. The action relates to the Assessment Year 2016-17 and pertains to alleged violations concerning disallowance under Section 14A read with Rule 8D and a transfer pricing adjustment.The penalty was issued by the Income Tax Department - Assessment Unit (National Faceless Penalty Centre). Reliance Power received the official order dated June 29, 2026, on July 02, 2026.The levy of Rs 2,44,93,394/- was imposed under Section 271(1)(c) of the Income-tax Act, 1961 (the 'Act').Regarding the impact on its activities, Reliance Power stated that...

Bajaj Electricals Appoints Tiny Sengupta as Chief Marketing Officer Bajaj Electricals Limited has announced the appointment of Tiny Sengupta as its new Chief Marketing Officer (CMO), effective June 29, 2026. In this senior role, Tiny will lead the company's marketing function and oversee integrated marketing strategy and brand positioning for both the Bajaj and Morphy Richards portfolio brands.The appointment brings together significant marketing expertise, as Sengupta is an accomplished leader with over 22 years of global experience across the Healthcare and Fast-Moving Consumer Goods (FMCG) sectors. Her professional background includes work with leading organizations such as Johnson & Johnson, Marico, Dabur, Henkel, and GSK. Most...

Texmaco Rail Secures Rs 26.56 Crores Order from South Central Railway for Signalling Works Texmaco Rail & Engineering Limited has received a Letter of Acceptance worth Rs 26.56 crores from South Central Railway. The contract pertains to Comprehensive Signalling and Telecommunication works for the provision of Automatic Block Signalling & Kavach Works.This new order helps bolster the outstanding order book of the company's Infra Rail & Green Energy division, which currently stands at Rs 1,159.94 Crores, inclusive of taxes.Details regarding this contract awarded by the domestic entity are presented below:ParticularsDetailsName of awarding entitySouth Central RailwayNature of orderComprehensive Signalling and...

Aster DM Healthcare Limited Announces Board Reconstitution and Key Management Changes Following Shareholder Vote Approvals Aster DM Healthcare Limited has finalized significant changes to its Board of Directors and Senior Management Personnel (SMP) following a meeting held on July 1, 2026. The updates reflect the company’s organizational structure adjustments and ongoing governance refinements, including the appointment of several new directors and the resignation of others.The Board meetings reviewed the implementation of a Scheme of Amalgamation involving Aster DM Healthcare Limited and Quality Care India Limited, approving changes that impact the management framework of the merged entity.New Director Appointments Six appointments...

DJ Mediaprint & Logistics Limited Converts Warrants to Equity Shares, Reaching ₹35.92 Crore Paid-up CapitalDJ Mediaprint & Logistics Limited has reported a significant increase in its equity base following the conversion of warrants into fully paid-up shares. The company approved this transaction, converting 9,97,894 convertible warrants into an equal number of equity shares on July 02, 2026.The conversion was carried out based on a Special resolution passed earlier in October 2024. The allotment involved issuing 9,97,894 equity shares, each having a face value of ₹10 and carrying a premium of ₹104. A total of ₹8,53,20,000 was received from the allottees, representing 75% of the issue price per warrant.The new equity shares...

Chiraharit Secures Rs 4.5 Crore Order from VSL Green Power for Solar Manufacturing Supplies and Services Chiraharit Limited has secured a significant order worth Rs 4,49,93,795/- from VSL Green Power Private Limited. The contract encompasses the supply of Pipe & Fittings and provision of services required for a Solar Cell and Solar Module Manufacturing Facility.The agreement details the scope of work and commercial terms between Chiraharit Ltd and VSL Green Power Private Limited. The order is classified as a domestic transaction, with Chiraharit providing both goods and specialized services to the solar energy sector.Key aspects of the purchase order include the supply of Pipe & Fittings along with necessary services for the...

ICICI Prudential Life Insurance Receives Tax Appeal Order Regarding FY2018 Demand ICICI Prudential Life Insurance Company Limited has received an appeal order from the Appellate Authority concerning a tax demand pertaining to the financial year 2018. The communication, dated December 2, 2025, was issued by the Additional Commissioner of State Tax, Appellate Authority, Vijayawada.The matter relates to a common appeal order that partially favors the Company while simultaneously upholding a portion of the tax demand. The demand originated from an investigation into excess Input Tax Credit within GSTR-3B vis-à-vis GSTR-2A for FY2018. A penalty of ₹ 10,000/- was imposed as a result of this communication.The financial implications and...

Nakoda Group Allots 35 Lakh Convertible Warrants on Preferential Basis at ₹28 Per Warrant Nakoda Group of Industries Limited announced that its Board of Directors completed the allotment of 3,500,000 Convertible Warrants on a preferential basis. The transaction took place during the company's meeting held on July 02, 2026.The issuance was executed at an issue price of ₹28 per Warrant. This move represents a significant aspect of the company’s capital restructuring plan, as detailed in the outcomes transacted by the Board.The preferential allotment saw four entities listed among the recipients of the Convertible Warrants. The distribution details are as follows:S. No.Name of AllotteeNumber of Warrants Allotted1.NO CTRL...

Inventurus Knowledge Solutions Reduces Financing Facilities and Adds Security for Acquisition of TruBridge Inventurus Knowledge Solutions Limited has confirmed a reduction in the financing facilities planned for its acquisition of TruBridge, Inc., while simultaneously expanding the security package to include key subsidiaries upon completion of the merger.The Company’s Board approved several material events related to the Proposed Acquisition of TruBridge by Inventurus Knowledge Solutions via IKS Next Horizon, Inc. The original plans included availing financing facilities aggregating up to USD 670,000,000 (the Initial Transaction Security).Inventurus Knowledge Solutions Limited announced that the aggregate amount for these...

Avenue Supermarts Board Meeting Scheduled to Approve Financial Results and Debt Raising Plan Avenue Supermarts Limited has scheduled a meeting of its Board of Directors for Saturday, July 11, 2026. The meeting is set to address key corporate matters related to financial performance and future capital structure.The agenda items slated for consideration and approval at the Board meeting include the unaudited Standalone and Consolidated Financial Results of the company. These results pertain to the quarter ending June 30, 2026.In addition to reviewing the quarterly financials, the board will consider the proposal for raising funds. The company plans to raise these funds through the issuance of Debt securities by way of private...

Sutlej Textiles and Industries Limited Announces 21st Annual General Meeting for FY2025-26 Sutlej Textiles and Industries Limited has announced that its 21st Annual General Meeting (AGM) is scheduled for members. The meeting will serve as a platform to present the Annual Report covering the Financial Year 2025-26.The company informed shareholders that the AGM is set to be held on Monday, July 27, 2026, at 3:00 P.M. IST. Members can attend the meeting through a Vide Conferencing (VC) facility or Other Audio Visual Means (OAVM).Details regarding the Annual Report for the Financial Year 2025-26 and the notice convening the AGM are available on the official company website, www.sutlejtextiles.com.SUTLEJTEX Stock Price Movement Today...

3i Infotech Limited Secures One-Year Renewal of DWBI Support Services Contract with SBI General Insurance 3i Infotech Limited has finalized a Renewal Cum Amendment Agreement with SBI General Insurance Company Limited for its ongoing DWBI support and change request services engagement. The agreement, signed on July 2, 2026, covers critical IT support requirements spanning a period of one year, with provisions for further renewal upon mutual consent.The contract solidifies the partnership between the two entities for comprehensive technical and analytical support. The scope of services provided by 3i Infotech includes delivery/project management, business analysis, data modelling, as well as expertise in ODI, OBIEE, PL/SQL, and related...

BPCL Subsidiary completes acquisition in Brazil, boosting equity oil and gas access Bharat Petroleum Corporation Limited's (BPCL) subsidiary has completed a significant acquisition that enhances its access to the oil and gas sector in Brazil. BPRL Ventures BV, an indirect wholly owned subsidiary of BPCL, acquired a stake in IBV Brasil Petroleo Limitada (IBV).The transaction involved acquiring 39.14% of IBV's shareholding for a cost of Rs 2,312 Crores through cash consideration. This acquisition is set to increase BPRL Ventures BV's interest in the company from 60.86% to 100%.IBV Brasil Petroleo Limitada is a company registered in Brazil and operates in the exploration and production of oil and gas. The acquiring subsidiary, BPRL...

Bank Reports Growth in Advances as Domestic CASA Deposits Climb 11.72%The bank announced provisional financial results as of June 30, 2026, highlighting robust growth in advances alongside a steady increase in domestic deposits.Key performance indicators show that Total Gross Advances grew by 12.50% year-on-year (YoY), while Domestic Advances saw an even stronger rise of 13.11% over the same period. The institution also reported significant traction in its retail lending segment, with RAM Advances (Domestic) growing by 11.56% YoY as of June 30, 2026.In terms of funding, Domestic CASA Deposits grew by 11.72% on a year-on-year basis. The bank's total deposits stood at ₹12,83,365 crore as of the provisional date.The performance...

Ramco Systems Appoints Sandesh Bilagi as Chief Executive Officer to Drive AI and Global Growth Ramco Systems, a global enterprise software company specializing in next-generation cloud applications, has appointed Sandesh Bilagi as its new Chief Executive Officer (CEO). The appointment positions the company to accelerate its transition into an AI-native enterprise software provider and focus on sustained global expansion.Sandesh Bilagi assumes the role after leading operations as President & Chief Operating Officer. In his previous capacity, he was instrumental in steering the operational turnaround of Ramco Systems, achieving sustained profitability for six consecutive quarters through FY2026. As CEO, Bilagi will spearhead Ramco's...

Acutaas Chemicals Promotes Manager to General Manager and Unit Head for Ankleshwar Facility Acutaas Chemicals Limited has announced a key leadership appointment within its operations division, promoting Mr. Anurag Shukla to the role of General Manager Operations and Unit Head for the Ankleshwar facility. This designation was made effective July 2, 2026.Mr. Anurag Shukla, who previously served as Assistant General Manager - Operations at Acutaas Chemicals, has been promoted and designated as a Senior Management Personnel (SMP). The new role entails overseeing all operations of the company's Ankleshwar manufacturing facility.The promotion recognizes Mr. Shukla's long-standing commitment and expertise within the organization. He has...

Union Bank of India Reports Growth in Gross and Domestic Advances as of June 30, 2026 Union Bank of India has reported robust growth across key banking metrics, including Gross Advances and Domestic Deposits, as of June 30, 2026. The bank saw its Total Gross Advances grow by 12.50% year-over-year (YoY), while Total Domestic Advances increased by 13.11%.The performance in deposit mobilization was strong, with Domestic CASA Deposits growing by 11.72% YoY as of the end of June 2026. Furthermore, RAM Advances (Domestic) showed healthy growth at 11.56% YoY.A detailed look at the bank's business operations and financial parameters is provided below, covering Gross Advances, Deposits, and Credit-Deposit ratios across recent reporting...

P. E. Analytics Executes Share Subscription Agreement with HDFC Capital Advisors P. E. Analytics Limited announced the execution of a Share Subscription-cum-Rights Agreement (SSRA) on July 2, 2026, with HDFC Capital Advisors Limited (HCAL). The agreement details the terms for the proposed preferential issue of equity shares to HCAL, which includes granting certain special rights to the Proposed Allottee.The SSRA brings together P. E. Analytics Limited and its Promoters, Samir Jasuja and Vaishali Jasuja, along with HDFC Capital Advisors Limited. The agreement is designed to record the terms and conditions of the proposed preferential issue in accordance with applicable laws.Key details regarding the equity share issuance through the...