Markets

Power Grid Corporation Promotes Senior Executive to Chief RolePower Grid Corporation of India Limited announced the promotion of Dharambir Kumar, from his previous post as Chief General Manager, to the position of Executive Director (ED). This move elevates him to a senior management role, positioned one level below the Board of Directors. The change is effective from July 01, 2026.Shri Dharambir Kumar brings extensive experience and expertise in substation operation and maintenance to his new capacity at Power Grid. As Executive Director, he will be responsible for overseeing the National Project Monitoring Control Center (NPMCC) department.The promotion recognizes Mr. Kumar's background and significant contributions to...

Tipco Engineering Schedules Investor Meetings with Analysts on July 6, 2026 Tipco Engineering India Ltd has announced a series of investor meetings scheduled for Monday, July 6, 2026, engaging with key financial analysts and advisory firms. The company confirmed these sessions to provide updates and insights during the specified engagements.The planned one-on-one meetings are set to take place virtually via Audio-Visual Means (Zoom). Two significant investor groups have been scheduled for the same day.Details of the investor interactions, including the specific timing and participants, are presented below:Date of MeetingInvestor NameTime of MeetingType of MeetingMode of MeetingMonday, July 6, 2026Counter Cyclical...

RBI Confirms FRSB 2020(T) Interest Rate Stability as Bond Coupon Settles at 8.05% The Reserve Bank of India (RBI) has provided the interest rate for the Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020(T) covering the period from July 01, 2026, to December 31, 2026. The announcement reaffirms the current coupon rate set at 8.05% for this specific six-month cycle.The decision comes under the framework established by the Government of India Notification dated June 26, 2020, concerning these bonds. This notification stipulates that the bond's interest rate will be reset every half year.FRSB Interest Rate and Calculation Details For the period starting July 01, 2026, and concluding December 31, 2026, the coupon rate on FRSB...

Intellecap and Avio Smart Market Stack Partner to Digitally Empower Farmer Producer Organisations Intellecap Advisory Services Private Limited and Avio Smart Market Stack Limited (formerly Bartronics India Limited) have forged a Memorandum of Understanding (MoU) aimed at bolstering Farmer Producer Organisations (FPOs), Farmer Producer Companies (FPCs), and Producer Enterprises (PEs). The collaboration will drive digital transformation, enhance financial inclusion, improve market access, and support export readiness across India's rural value chains.The partnership unites Intellecap’s expertise in strengthening rural enterprises and producer institutions with Avio Stack's SMART platform. This unified digital ecosystem is designed to...

Mukka Proteins Limited Receives Appellate Order on Income Tax Assessment for AY 2018-19Mukka Proteins Limited has received an appellate order from the Commissioner of Income Tax (Appeals)-2, Panaji, concerning a tax assessment conducted under the Income Tax Act, 1961, for Assessment Year 2018-19. The appeal relates to the original assessment completed by the Assessing Officer who had made several additions regarding alleged excess stock and prior period income.The litigation was before the Commissioner of Income Tax (Appeals)-2, Panaji, following an initial assessment by the Assistant Commissioner of Income Tax, Central Circle-1, Mangalore. The assessment included additions totaling ₹ 11,14,72,010 related to alleged excess stock and...

Tata Technologies, Tenneco Strengthen Global Partnership with $100 Million Strategic Engagement for Mobility Transformation Mumbai: Tata Technologies and Tenneco LLC have significantly reinforced their global partnership in mobility transformation. The strategic engagement involves an investment of over $100 million by Tenneco, spanning the next five years, underscoring the commitment between the two companies to scale future-ready capabilities from India.The milestone was formally marked during a signing ceremony held on June 30 at Bombay House in Mumbai, the headquarters of the Tata Group. Jon Bagrosky, Chief Administrative Officer for Tenneco, and Warren Harris, CEO & Managing Director of Tata Technologies, signed the agreement...

Tunwal E-Motors Limited Receives Compliance Certificate for Structural Digital Database Tunwal E-Motors Limited has secured a compliance certificate concerning its Annual Structural Digital Database (SDD) for the financial year ended March 31, 2026. The certificate confirms various aspects of the company’s internal digital database management related to Unpublished Price Sensitive Information (UPSI).The certificate, issued by Practicing Company Secretary Kunal V Sakpal, verifies that Tunwal E-Motors Limited has an SDD in place. Key elements confirmed under the compliance check include control over access to the SDD and the system's ability to capture the nature of UPSI along with the date and time it occurred.Further details...

V2 Retail Reports Strong Q1 FY27; Revenue Jumps 58% Amid Focus on Value-Fashion Market V2 Retail Limited has announced a strong performance in its first quarter of Fiscal Year 2027 (Q1 FY27), driven by strategic priorities and operational excellence. The company reported significant growth across key metrics, demonstrating the scalability of its value-fashion business model.Standalone revenue reached ₹ 997 Cr in Q1 FY27, a substantial increase compared to the ₹ 630 Cr recorded in Q1 FY26. This translates to a 58% year-on-year revenue growth, reflecting sustained high double-digit expansion despite having an elevated base from the previous year.Key Performance Indicators and Productivity The company maintained robust performance...

Mach Travel Solutions Ltd Adopts Voluntary Quarterly Financial Reporting Mach Travel Solutions Ltd announced that its Board of Directors has decided to voluntarily publish both standalone and consolidated financial results on a quarterly basis. The decision was made during the Board meeting held on July 1, 2026.As part of a commitment to good corporate governance, the company will begin publishing these quarterly financial results starting with the quarter ended June 30, 2026.The Board meeting commenced at 06:30 PM and concluded at 07:33 PM.In addition, the company noted that the date for the subsequent Board meeting, which is required for the consideration and approval of the unaudited Financial Results (both Standalone and...

SML Mahindra Limited Reports Mixed Sales Performance in June; Passenger Vehicles Grow 13% SML Mahindra Limited reported sales figures for the month of June 2026, showing a marginal increase in total units sold, driven primarily by strong performance in the passenger vehicle category.The company’s overall sales volume for the month showed a 3% increase, with the Passenger Vehicles segment experiencing significant growth, while Cargo Vehicle sales declined.In terms of monthly performance (June), SML Mahindra Limited registered:Total Sales: 1930 units compared to 1871 in the previous year, reflecting a 3% rise. Passenger Vehicles: Sold 1575 units this financial year, up 13% from the 1391 sold in the corresponding period of the...

Brisk Technovision Ltd Board Approves Dividend and Appoints Auditors Ahead of AGM Brisk Technovision Ltd, during a Board meeting held on July 1, 2026, approved several key corporate matters, including the Annual Report for the financial year ended March 31, 2026, set a record date for dividend entitlement, and appointed external auditors for the forthcoming fiscal year.The company's board reviewed and sanctioned the Annual Report for the financial year ending March 31, 2026, which included both the Board’s Report and the Management Discussion and Analysis (MD&A) Report.A pivotal decision made during the meeting was the setting of the Record Date to determine members' entitlement to the final dividend. The board fixed July 17, 2026...

United Heat Transfer Secures International Order for Manufacturing Moisture Separator United Heat Transfer Limited has secured a significant international purchase order for the manufacturing and supply of a Moisture Separator. The contract was awarded by National Compressed Air Canada Ltd., involving a substantial order value.The deal involves providing services related to the production of specialized equipment for export, with payment terms set as Stage Payment.Key details regarding the transaction are summarized below:ParticularsDetailsEntity Awarding OrderNational Compressed Air Canada Ltd.Nature of OrderManufacturing and supply of Moisture SeparatorTransaction TypeInternational orderContract Value (Broad...

Media Matrix Worldwide Extends Corporate Guarantee for Subsidiary nexG Devices Private Limited Media Matrix Worldwide Ltd has extended a corporate guarantee in favor of Yes Bank Limited to secure facilities availed by its subsidiary, nexG Devices Private Limited. This action involves substituting an earlier guarantee with the newly issued obligation.The company executed a Supplemental and Amendatory Deed of Guarantee, committing to a guarantee amounting to ₹ 50 Crores on behalf of nexG. This new guarantee supersedes a previous corporate guarantee of ₹ 70 Crores provided by Media Matrix Worldwide Ltd.nexG Devices Private Limited is an established distribution and logistics house with a nationwide footprint, specializing in the sales...

Archean Chemical Industries Imposes Penalty of Rs 34,24,248 under Income Tax Act Section 270A Archean Chemical Industries Limited has received a penalty order amounting to Rs 34,24,248 related to tax matters for the Assessment Year (AY) 2017-18. The order was issued by the Deputy Commissioner of Income Tax- Central Circle 1(4), Chennai, and was received by the company on June 30, 2026.The penalty proceeds from a proceeding concerning under-reported income, which was determined to be in consequence of misreporting thereof.Management stated that Archean Chemical Industries Limited intends to contest the order by filing an appeal before the Commissioner of Income Tax (Appeals) within the prescribed timelines. Based on a preliminary...

Tamilnad Mercantile Bank Reports Key Operational Metrics: Total Business Reaches 1,21,715 Crore Tamilnad Mercantile Bank Limited has released provisional business figures for the quarter ended June 30, 2026. The update provides details on the bank’s total business, advances, deposits, and CASA ratios as of the specified dates.The operational performance metrics are presented in detail across three measurement periods: As of June 30, 2025 (Reviewed), As of June 30, 2026 (Provisional), and As of March 31, 2026 (Audited). The data highlights the growth trajectory of the bank’s key segments.Key financial metrics provided by Tamilnad Mercantile Bank Limited are summarized in the table below:ParticularsAs of 30.06.2025 ReviewedAs of...

RBI Bolsters Data Management: Senior Banker Ravi Shankar Elevated to Head of Statistics and Information The Reserve Bank of India (RBI) has announced a significant leadership appointment within its statistical division. Shri Ravi Shankar has been appointed as the Executive Director (ED), effective from July 1, 2026. This move places immense trust in his vast experience across various financial markets and data management processes.RBI Appoints Ravi Shankar to Key Leadership Role Shri Shankar takes on the crucial role of Executive Director at the Bank. In this capacity, he will be responsible for overseeing the Department of Statistics and Information Management. His elevation comes after a distinguished tenure within the institution...

Ashima Limited Reconstitutes Nomination and Remuneration Committee as of July 1, 2026 Ashima Limited announced that its Board of Directors has approved the reconstitution of two key committees: the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee. The changes are effective starting July 01, 2026.The revisions detail shifts in membership for both committees, as communicated by the company.Changes to Nomination & Remuneration Committee The composition of the Nomination and Remuneration Committee has been updated with the following details:Existing Member NameCategoryProposed Member NameProposed CategoryMr. Nilesh MehtaNon-Executive Independent DirectorMr. Nilesh MehtaNon-Executive Independent...

H.G. Infra Engineering Limited Completes Status Change of Solar Project Subsidiaries H.G. Infra Engineering Limited has finalized the status change regarding two of its wholly owned subsidiaries, H.G. Bharatpur Solar Project Private Limited and H.G. Dudu Solar Project Private Limited.The company confirmed that both entities were struck off by the Registrar of Companies, Jaipur, Ministry of Corporate Affairs, under Section 248 of the Companies Act, 2013.H.G. Infra Engineering Limited received intimation from the Ministry of Corporate Affairs on June 30, 2026. The intimation stated that the status of E-form STK -2 for both H.G. Bharatpur Solar Project Private Limited and H.G. Dudu Solar Project Private Limited had been changed to...

National Stock Exchange Imposes Fine on Wise Travel India Ltd Over Financial Results Compliance Wise Travel India Limited has faced a fine imposed by the National Stock Exchange of India (NSE) concerning non-compliance and delayed submission of financial results related to the quarter ending March 31, 2026. The company confirmed that it is currently pursuing a waiver for the levied penalty following the incident.The NSE issued the notice regarding the alleged lapse in compliance with regulations pertaining to financial reporting on June 30, 2026. The observations detailed procedural lapses during the electronic filing process related to the audited financial results for the quarter ended March 31, 2026.The regulatory action resulted...

RBI Launches OBICUS Round 74 to Gauge Manufacturing Health and Capacity Utilization in Q1 FY2026-27 The Reserve Bank of India (RBI) has initiated the 74th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). This comprehensive survey is designed to provide a granular snapshot of the manufacturing sector's performance during the first quarter of the fiscal year. The reference period covered by this monitoring initiative is April to June 2026 (Q1:2026-27).Scope and Purpose of the OBICUS Survey The RBI has been conducting the Order Books, Inventories and Capacity Utilisation Survey on a quarterly basis since 2008. This ongoing series aims to collect essential quantitative data points regarding the state of...