Markets

Unichem Laboratories Ltd Reports 100% Export Contribution in Business Sustainability Report Unichem Laboratories Limited has provided its Business Responsibility and Sustainability (BRSR) Report for the financial year spanning April 1, 2025, to March 31, 2026, detailing operations, workforce metrics, and adherence to environmental standards. The company's business activities are predominantly focused on manufacturing pharmaceutical products.Operational Profile and Market Reach Unichem Laboratories Limited is involved in the manufacture and sale of pharmaceutical products, constituting 100% of its turnover. Its primary product line includes the manufacture of Allopathic Medicines, which accounts for all of the company’s total turnover...

HCLTech Secures Massive $1.14B AI Deal to Drive Enterprise Digital Transformation with Global Fortune 50 Company HCLTech has secured a landmark $1.14 billion strategic contract from a European-headquartered Fortune Global 50 company. This mega deal places the Indian IT services firm at the forefront of enterprise modernization, focusing on transforming the client’s digital workplace and global enterprise network operations using an advanced AI-driven operating model.The agreement represents one of the largest single deal announcements by an Indian IT services provider this year, reinforcing HCLTech's commitment to high-value digital transformation projects.Scope and Timeline of the Landmark Contract The contract details a lengthy...

Bank of Baroda Faces Q1 Earnings Hit Despite $600M NMC Settlement as Litigation Ends Legal Dispute Concluded: BoB Reaches Out-of-Court Settlement with NMC Bank of Baroda (BoB) has concluded a protracted legal battle by agreeing to an out-of-court settlement valued at $600 million, which is equivalent to approximately Rs 5,700 crore. This agreement brings to a close the dispute involving the joint administrators of NMC Health PLC, NMC Healthcare Ltd and NMC Holding Ltd.The lender's stock had seen volatility following the announcement. It closed in the previous session at Rs 259.85 after declining by 4.3 percent. The bank currently holds a market capitalization of about Rs 1.34 lakh crore.Nomura Flags Potential Drag on Q1...

Gold Price Surges on US Dollar Weakness: Precious Metals Rally as Job Report Dampens Fed Rate Hike Hopes Bullion prices saw a significant uplift in early trade today, fueled by weakening global sentiment surrounding the US dollar. This rally is predominantly driven by market expectations regarding future interest rate movements.The softer-than-expected June jobs report caused doubts about aggressive near-term Federal Reserve rate hikes. This shift immediately supported precious metals as investors sought safe-haven assets against currency volatility.Global Spot Prices See Major Rally On the international markets, gold demonstrated robust strength in morning trading on Comex. Gold traded up 1.57 percent, reaching $4,190.40 per ounce...

Adani Enterprises Surges Demand as Share Sale is Doubled to $1.6 Billion Amid Strong Institutional Appetite Adani Enterprises Ltd has significantly increased the size of its institutional share sale, raising it from 100 billion rupees to 150 billion rupees ($1.6 billion). This escalation was prompted by exceptional demand received across both global and domestic investment communities. The flagship company's offering saw a robust subscription rate of 1.5 times on Friday, according to details reviewed by Bloomberg.Escalating Share Sale Reaches $1.6 Billion Milestone The ports-to-power conglomerate, led by billionaire Gautam Adani, launched the share sale on Thursday. It offered up to 34.7 million shares to institutional investors at an...

Mobavenue AI Tech Ltd Completes Registered Office Change from Madhya Pradesh to Maharashtra Mobavenue AI Tech Ltd, formerly known as Lucent Industries Limited, has successfully completed a change in its registered office. The move reflects a transition of the company’s operational base from Madhya Pradesh to Mumbai, as certified by the Registrar of Companies (ROC) in Mumbai.The registration of the office change was formalized on July 2, 2026. This alteration, which moved the corporate location outside the jurisdiction of the previous ROC Gwalior, was confirmed through an order issued by the Regional Director on May 27, 2026.The company’s registered address details have been updated as follows:StatusState/LocationRegistered...

Fuel Shortage Crisis: Nayara Gasoline Seized by Traders to Meet Russia's Demand Indian Refiner Sells Petrol to Russia Amid Global Energy Instability Sources with direct knowledge of the matter confirmed on Thursday that gasoline produced by the Indian refiner, Nayara Energy, has been sold to Russia. This move comes as Russia faces significant fuel shortages, exacerbated by Ukrainian attacks targeting its energy infrastructure.Reuters reported on Wednesday that seaborne imports of gasoline from India had commenced into Russia, though the supplier was not named in the initial report. The implication suggests a critical supply chain adaptation responding to geopolitical pressures.Nayara Energy, which is backed by Russian oil major...

Regulator Greenlights Paytm Europe: Licensuree to Offer Broader Payment Services in EU Market Licensing Milestone Achieved for Paytm Europe Paytm's European arm, Paytm Europe Payments SA (Paytm Europe), has secured a significant operational boost with the granting of a payment institution license by Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). This development marks a crucial regulatory approval for One 97 Communications, which is the parent company of Paytm.The stock exchange filing confirmed that Paytm Europe was informed by the CSSF on Tuesday regarding this authorization. The company has been officially registered as a payment institution on the regulator's list, effective from July 2, 2026.Scope and...

Miten Sampat Takes Reins at Cred as Meta Invests $900 Million Amid Leadership Shift Miten Sampat has been appointed interim CEO of CRED following the transition of Kunal Shah to a global role at Meta. This landmark leadership change comes amid substantial fresh capital injection, with Meta confirming an investment of $900 million in the fintech company. The appointment sees Sampat inheriting a company that quietly built its financial services foundation and recently achieved a profitable quarter, underscoring CRED's deep talent density and strong operational execution.Leadership Transition at Cred and Role of Miten Sampat The leadership of CRED is entering a new chapter as Sampat steps in after Kunal Shah accepted the role of Global...

Tulive Developers Announces Exit Offer Ahead of BSE Delisting, Sets Share Price at ₹ 750/- Tulive Developers Ltd has launched an Exit Offer inviting Residual Public Shareholders to tender their Equity Shares in response to the company's delisting from BSE. The Acquirers have set the final Exit Price for the shares at ₹ 750/- per Equity Share, signaling a definitive move towards delisting from the stock exchange.The company is facilitating this exit opportunity after the successful completion of a Delisting Offer initiated earlier in the year through a reverse bookbuilding process. The Acquirers, which include Altis Properties Private Limited and GKS Technology Park Private Limited, have accepted the Discovered Price as the final Exit...

Mach Travel Solutions Decides on Voluntary Quarterly Financial Reporting Starting Q1 FY27 Mach Travel Solutions Limited (formerly known as Mach Conferences and Events Limited), a technology-enabled travel solutions company listed on the BSE SME Platform, has announced that it will voluntarily publish its quarterly financial results starting from Q1 FY27. This decision elevates the company's commitment to enhanced corporate governance, greater transparency, and proactive engagement with shareholders and the investment community.The move represents a voluntary step beyond the prescribed regulatory requirement for companies listed on the SME Platform, which mandates half-yearly result publication. The initiative is driven by the...

Paytm Europe Grants Payment Institution License from CSSF, Validating Scope of Services One 97 Communications Limited announced that its Luxembourg-based subsidiary, Paytm Europe Payments S.A., has been granted a payment institution license by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. The licensing approval came into effect on July 02, 2026.The authorization was granted to Paytm Europe regarding the provision of specific financial services within the payment sector. The company, which is a step down wholly owned subsidiary of One 97 Communications Limited, has been registered on the payment institutions official list maintained by CSSF.According to details provided in Form A, the scope of the license...

ICRA Upgrades and Assigns Credit Rating for SPML Infra Instruments Valued at 1,595 Crore ICRA has upgraded and assigned credit ratings for various instruments belonging to SPML Infra Limited, encompassing long-term fund based and non fund based facilities. The rating actions were issued by ICRA on July 2, 2026.The updated ratings cover a portfolio of debt instruments totaling 1,595.00 crore across different types, including term loans, non fund based facilities, cash credit, and proposed fund based facilities.Key details regarding the rating actions for SPML Infra’s instruments are provided in the table below:InstrumentAmount (Rs. in crore)Rating ActionLong term fund based Term Loan380.00[ICRA]BBB(Stable), upgraded from...

GIFT Nifty Jumps 150 Points as Easing Rate Fears Fuel Rally Ahead of Mixed Global Markets GIFT Nifty surged by over 150 points in pre-market trading on Friday morning. This strong opening signal suggests that Indian benchmark indices, Sensex and Nifty, are set for solid gains. The momentum is buoyed by softened expectations regarding near-term US interest rate hikes, coupled with stable crude oil prices and an improved global risk appetite.The sentiment shift arrived despite continued pressure in the technology sector, where semiconductor stocks registered noticeable weakness across global markets. Indian benchmark indices closed higher for a second consecutive session on Thursday, driven by broad-based buying activity across various...

IEX Reports Q1 FY'27 and June '26 Market Update; Electricity Traded Volume Rises Amid Price Surge Indian Energy Exchange Limited has reported its power market update for the first quarter of fiscal year 2027 (Q1 FY'27) and for June 2026, detailing strong increases in electricity traded volume across various markets despite sharp declines in renewable energy certificate trades.For Q1 FY'27, IEX achieved a total electricity traded volume of 37,534 MU, marking a 15.9% year-on-year growth. The Market Clearing Price (MCP) in the Day-Ahead Market (DAM) was Rs 5.1/unit during Q1 FY'27, an increase of 15.7% compared to Q1 FY'26. Similarly, the MCP in the Real-Time Market (RTM) stood at Rs 4.5/unit, up 13.8% from Q1 FY'26.The company noted...

HCL Technologies Secures US $1.14 Billion Partnership with Fortune Global 50 Firm for AI-Driven Transformation HCL Technologies Ltd has announced a significant strategic partnership with a Europe headquartered, Fortune Global 50 Firm. The collaboration is set up to establish an AI driven operating model aimed at transforming and managing the partner's Global Digital Workplace and Enterprise Networks.This substantial deal represents net new business for HCLTech. The agreement outlines a comprehensive engagement covering digital workplace transformation and enterprise network management using advanced AI technologies.The initial term of the strategic partnership is set to run from July 2026 through December 2031, with provisions...

Angel One Reports Operational Metrics: Client Base and Turnover Details for June 2026 and Q1 FY27 Angel One Limited has reported key operational metrics detailing performance through June 2026 and first quarter of fiscal year 2027 (Q1 FY27). The company noted that during Q1 FY27, its average client funding book reached a record high, reflecting the continued growth in its margin funding business.While cash market share improved sequentially during the quarter, commodity market share moderated due to overall market expansion and a shift in product mix. Management noted that average daily orders declined Quarter-over-Quarter (Q-o-Q) amid softer market conditions but remained above the FY26 average, underscoring sustained client activity...

Tech Scrutiny Triggers Asian Stock Dip as AI Rally Faces Valuation Headwinds The regional stock markets experienced a slide, with concerns mounting over whether the prolonged artificial intelligence rally has run ahead of current fundamentals. Global benchmarks reacted negatively as technology shares continued to face selling pressure, signaling a potential slowdown in investor enthusiasm for hyper-growth tech stocks.Tech Sector Woes Dampen Asian Stock Performance Asian indices retreated, driven by declines seen in U.S. chip gauges and broader global technology markets. The MSCI Asia Pacific Index saw a drop of 0.4%. South Korea’s Kospi Index, which had been the world's best-performing major benchmark this year, declined by 0.8%, with...

UHM Vacation Ltd Announces Half-Year and Year-End Financial Results; Reports Revenue Growth UHM Vacation Limited (formerly UHM Vacation Private Limited) has released its audited standalone and consolidated financial results for the half year ended March 31, 2026, alongside presenting the outcomes of its Board of Directors meeting. The company also announced the appointment of a Secretarial Auditor.The results reflect the performance across both the holding company and its subsidiary, Arabian Wonders FZCLLC.Financial Performance Highlights (INR in Lakh) The financial statements for UHM Vacation Limited detail the company's revenue structure, expenses, and profitability for the reporting periods ending March 31, 2026, and March 31...

Tulive Developers Initiates Exit Offer for Residual Public Shareholders at ₹750 Per Share Following Delisting Approval Tulive Developers Ltd. has issued an Exit Letter of Offer, inviting all Residual Public Shareholders to tender their Equity Shares at a fixed price following the company's successful delisting process from BSE Limited. The transaction involves the Acquirers acquiring shares in the company post-delisting.The Acquirers are Altis Properties Private Limited and GKS Technology Park Private Limited. These companies, along with PAC 1 (Mr. Atul Gupta) and PAC 2 (Mr. K V Ramana Shetty), constitute the Promoter Group of Tulive Developers Ltd. The Exit Offer sets the price for these remaining public shareholders at ₹750 per...