Markets

Jio BlackRock Set to Surge with Dual Outbound Funds from GIFT City, Tapping Global Investor Demand Jio BlackRock Asset Management is positioning itself for a significant market entry, aiming to launch two distinct outbound funds via the GIFT City platform within the next two months. These specialized vehicles include a Global Equities Fund and an Emerging Markets fund.The move follows the firm securing necessary regulatory approvals for cross-border operations. CIO Rishi Kohli confirmed in an exclusive interaction that these two offerings have been fast-tracked, building upon a shortlist of about 10 products curated from BlackRock’s global suite.The Strategic Launch of Outbound Funds Outbound offerings represent the immediate and...

Polyplex Corporation Limited Board Decides Not to Participate in Thai Entity Tender Offer Polyplex Corporation Limited has announced that its Board of Directors has resolved not to participate in the tender offer concerning its shares in Polyplex (Thailand) Public Company Limited (PTL).The decision comes after the company's Board of Directors deliberated on the matter during a meeting held on July 01, 2026.The situation pertains to an ongoing tender offer initiated by AGPH (Thailand) Ltd., which intends to acquire all ordinary shares of PTL. Polyplex Corporation Limited holds a direct or indirect stake equivalent to 51% of the ordinary shares in PTL.This resolution follows the receipt of information regarding the tender offer...

KPIT Technologies Clarifies Q1FY27 Revenue Impact and Outlines Expectations for Q2FY27 KPIT Technologies Limited has provided a clarification regarding its revenue outlook, addressing the expected impact on first-quarter fiscal year 2027 (Q1FY27) revenues while outlining future growth avenues.The company noted that the current expectations regarding Q1FY27 revenues are determined by multiple client actions. Concurrently, KPIT Technologies has identified various growth avenues to support its business operations.Considering both the operational challenges referenced in the first quarter and the prospective areas for growth, the company stated that it expects Q2FY27 revenue to remain within a similar range as the results seen in...

Rupee Faces Dollar Pressure as Importers Hike Demand; Analysts Watch Crucial Support Zone The Indian rupee opened trading marginally weaker on July 1, as the currency faced headwinds from a globally strengthening US dollar and rising treasury yields. The USD/INR pair was seen testing resistance despite importers stepping up dollar purchases to meet essential payment obligations.Global Factors Fueling Dollar Strength The US dollar maintained its robust footing, buoyed by resilient job market data released in June. Furthermore, the Dollar Index, which measures the greenback's strength against six major currencies, continued trading above the 101 mark. This resilience comes as the Federal Reserve maintained a cautious stance in its...

Anlon Healthcare CMD Participates in Money TV Interview to Discuss Company Outlook and Growth Strategy Anlon Healthcare Limited's Chairman and Managing Director, Mr. Punitkumar Rasadia, participated in an interview with Money TV on June 30, 2026. The discussion covered a wide range of topics relating to the company's operations, market standing, and future trajectory.During the session, which was conducted by Mr. Rasadia, several key areas were examined. These included an overview of the Company's business performance and current operational updates. The interview also addressed industry outlook and prevailing market conditions within the sector.The conversation focused heavily on Anlon Healthcare’s growth strategy and future plans...

Dr Bijay Kumar Mohanty Assumes Interim Charge of Chairman and Managing Director at IREDA Indian Renewable Energy Development Agency Limited (IREDA) has seen a change in leadership following the cessation of Shri Pradip Kumar Das, with Dr. Bijay Kumar Mohanty entrusted with the additional charge of Chairman and Managing Director.Shri Pradip Kumar Das ceased to be the Chairman and Managing Director of IREDA effective July 01, 2026, after attaining the age of superannuation on June 30, 2026.In response to this transition, Dr Bijay Kumar Mohanty, who is currently serving as a Director (Finance) at IREDA, has assumed the additional charge of Chairman and Managing Director. This assignment was made under Ministry of New and Renewable...

Maruti Suzuki Records Sales of 200,390 Units in June 2026 Maruti Suzuki India Limited reported its sales performance for June 2026, recording a total of 200,390 units. The month's sales were segmented across domestic markets and international exports. Domestic sales accounted for 150,150 units, while the company made sales to other OEMs amounting to 7,472 units. Exports contributed 42,768 units to the total.The detailed breakdown of Maruti Suzuki’s vehicle sales across different sub-segments and market categories is provided below:Sales CategoryJune 2026 UnitsJune 2025 UnitsCumulative April–June FY 2026-27Cumulative April–June FY 2025-26Passenger Cars (PV)Mini (Alto, S-Presso)11,4166,41443,75719,522Compact + Mid-Size...

Bitcoin Plunges Near $58K as ETF Outflows and Strong Dollar Pressure Trigger Risk-Off Sentiment Bitcoin is navigating a period of significant volatility amid global macroeconomic uncertainty. The cryptocurrency suffered a notable dip, hitting a low of $58,000 in the early July 1 trade. It has since recovered slightly to $58,991.68 (08:17 IST), representing a 1.56 percent increase over the last 24 hours. Over the past week, Bitcoin registered a decline of 5.84 percent.The downward pressure is attributed not to any fundamental flaw in the asset itself. Instead, it is driven by increasing risk-off sentiment across global markets. Expectations surrounding higher-for-longer US interest rates and the strength of the dollar have encouraged...

S.A.L. Steel Limited Appoints Anil Kumar Singh as Chief Financial Officer S.A.L. Steel Limited has announced the appointment of Shri Anil Kumar Singh as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, effective July 01, 2026. The board meeting held on July 01, 2026 approved the appointment following recommendations from the Nomination and Remuneration Committee and Audit Committee.Shri Anil Kumar Singh is identified as a distinguished Techno-Commercial corporate leader and currently serves as a Whole-Time Director at S.A.L. Steel Limited. He possesses over 35 years of executive experience spanning the Steel, Automobile, and Textile industries. Academically, he holds qualifications as a Cost and...

Gold Set For Sharpest Quarterly Loss In 13 Years as Hawkish Fed Fears Bite into Precious Metal Rally Precious metal markets are under intense scrutiny as gold edges up on Tuesday but faces mounting headwinds, trending toward its sharpest quarterly decline in over a decade. Persisting inflation concerns, fueled by ongoing geopolitical tensions, have significantly reinforced market expectations of continued interest rate hikes from the U.S. Federal Reserve (Fed).Spot gold climbed 0.3% to $4,027.03 per ounce by 1:40 p.m. ET, marking a dip from its previous highs and reaching its lowest level since November. The price action intensified as gold was on track for its steepest quarterly decline since Q2 of 2013, when Gulf conflict concerns...

Tata Motors Passenger Vehicles Reports 46% Year-on-Year Growth in Q1 FY27 Sales Tata Motors Passenger Vehicles Ltd. has reported significant growth in its first quarter of fiscal year 2027 (Q1 FY27), driven by robust customer demand and strong performance across both domestic and international markets. The company registered total sales of 182,574 cars and SUVs during the period, marking a 46% increase compared to the 124,809 units sold in Q1 FY26.The overall sales figures demonstrate impressive growth across various business segments. Domestic PV sales reached 180,166, up 45% from 123,839 units reported in Q1 FY26. The International Business (IB) segment showed strong acceleration, with sales climbing by 148% to 2,408 units, compared...

National Stock Exchange Imposes Fine on Swastik Pipe Limited for Delayed Compliance Swastik Pipe Limited has confirmed that it will proceed with the payment of a fine levied by the National Stock Exchange of India Limited (NSE) regarding compliance matters. The penalty was imposed by the NSE following non-compliance related to specified regulations.The imposition detailed in the relevant documentation specifies the details of the action taken by the exchange. Swastik Pipe Limited has confirmed that, despite the levy, there will be no impact on the company's financial standing, operations, or other activities.Details regarding the fine and the enforcement action are provided below:DetailInformationAuthorityNational Stock...

Escorts Kubota Reports Robust Growth in Agri and Construction Equipment Sales for June 2026 Escorts Kubota Limited reported strong performance across its core business divisions, with both the Agri Machinery Business and the Construction Equipment Business showing significant growth in sales volumes during June 2026.The company’s overall agricultural machinery sales saw a substantial increase of 19.1% for the month of June 2026, recording 13,695 tractors sold. Domestic tractor sales grew by 19.8%, reaching 13,172 units compared to 10,997 in June 2025. Meanwhile, export tractor sales registered a growth of 4.4% at 523 tractors, up from 501 sold in the previous year.The Agri Machinery segment reported the following sales volumes...

Mahindra Reports Robust Growth Across Automotive, Farm Equipment, and Trucks in June 2026 Mahindra & Mahindra Ltd. reported strong performance across its key business verticals—Automotive, Farm Equipment, and Trucks & Buses—for the month of June 2026. The company registered significant growth in vehicle sales while its Farm Equipment Business saw a double-digit rise in tractor sales, according to results released on July 1, 2026.The Automotive Division recorded total vehicle sales standing at 1,06,207 vehicles for June 2026, marking a 37% year-on-year growth, including exports. In the Utility Vehicles segment alone, Mahindra achieved 60,393 domestic sales, reflecting a 28% increase, with total utility vehicle sales reaching 61,504...

Canarys Automations Secures Major Contract from GNIDA for Storm Water Management Programme Phase A Canarys Automations Limited has been awarded a significant contract by the Greater Noida Industrial Development Authority (GNIDA) to manage its comprehensive Storm Water Management Programme (Phase A). The engagement, which is valued at ₹9,84,88,645, involves providing consulting and Digital Twin-based components aimed at tackling urban waterlogging and flooding issues across key industrial zones in Greater Noida.The contract outlines a detailed plan for GNIDA’s management needs, focusing on creating a long-term roadmap to overcome the challenges posed by rapid urbanization. The total duration for this phase of the engagement is set at...

CSL Finance Reports Strong Quarterly Growth, Enhances AUM, Secures Funding via NCDsCSL Finance Limited has released its quarterly update for the quarter ended June 30, 2026, highlighting robust growth in Assets Under Management (AUM) and significant capital strengthening through fresh sanctions and the issuance of Non-Convertible Debentures (NCDs).The company reported a year over year increase in AUM, reaching approximately INR 1510 crore as at June 2026. This figure includes an additional amount (DA) of INR 34 crore, marking growth from INR 1310 crore (including DA of INR 50 crore) recorded during the quarter ended June 2025.In terms of funding and financing strategy, CSL Finance secured a fresh sanction of ₹50 crore from an...

Regulatory Buffer: RBI Grants Three-Month Extension for Samarth Sahakari Bank Ltd., Solapur The Reserve Bank of India (RBI) has issued a significant extension concerning operational compliance requirements for the Samarth Sahakari Bank Ltd. in Solapur, Maharashtra. The directive relates specifically to certain operational directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949.The RBI's communication, dated July 1, 2026, extends the compliance period for the bank by three months. This extension provides additional time for the institution to meet specific regulatory obligations under the relevant sections of the Act.Extension Details and Regulatory Directives The original Directions were issued...

RBI's Financial Stability Report Confirms Domestic Resilience Amid Global Instability and Elevated Market Risks The Reserve Bank of India (RBI) has released its June 2026 edition of the Financial Stability Report (FSR). The report provides a comprehensive assessment from the Sub-Committee of the Financial Stability and Development Council (FSDC), examining the resilience of India's financial system against current domestic and global risks.While the global financial landscape has faced initial volatility following the West Asia conflict, the FSR highlights that the Indian economy is in a robust position compared to many international peers. The findings indicate that the balance of risks has turned favorable in the country.Domestic...

Satchmo Holdings Ltd Reappoints Key Directors and Approves Related Party TransactionsSatchmo Holdings Ltd confirmed several significant appointments and operational approvals during its 22nd Annual General Meeting held on June 30, 2026. The company re-appointed Mr. L. S. Vaidyanathan as a Whole Time Director, while Mr. Ramesh Karur Raghavendran retired by rotation from his position as Chief Financial Officer and Executive Director Finance. The meeting also approved various corporate actions, including the framework for investments and Material Related Party Transactions (RPTs) for the financial year 2026-27.Mr. L. S. Vaidyanathan was re-appointed as a Whole Time Director designated as Executive Director - Business Development. His...

Manaksia Coated Metals Completes Equity Allotment from Promoters After Warrant Conversion Manaksia Coated Metals & Industries Ltd has finalized an equity share allotment following the conversion of warrants, significantly increasing its issued and paid-up capital. The transaction was completed on June 30, 2026, involving preferential allocation to members of the Promoter Group.The company allotted a total of 8,00,000 equity shares to two promoters—Karan Agrawal and Tushar Agrawal—who are part of the 'Promoters/Promoter Group Category'. These shares were issued at an issue price of Rs. 65/- each, reflecting a premium of Rs. 64/- per share, consequent upon the conversion of 8,00,000 Warrants that were originally issued at Rs. 65/- each...