Markets

Tasty Bite Eatables Ltd States No Undisclosed Information Behind Share Volume Increase Tasty Bite Eatables Limited has issued a clarification regarding the increase in volume of its shares traded across stock exchanges. The company stated that there is no unpublished material information or event related to the operations, performance, or affairs of the company that requires disclosure to the Stock Exchanges and could affect the price or volume of its equity shares.The response addressed inquiries concerning the recent significant movement in the price and volume of the company's stock.Tasty Bite Eatables Limited affirmed that it believes the recent fluctuation in its equity shares is driven entirely by general market conditions and...

Raconteur Global Resources Ltd Increases Capital Via Warrants, Divests Subsidiary Stake Raconteur Global Resources Ltd has announced key outcomes from its Board of Directors meeting held on July 2, 2026, involving equity share allotment following warrant conversion, the divestment of a subsidiary stake, and initiating voluntary strike-off proceedings for another wholly owned subsidiary.The Company approved the allotment of 2,499,999 equity shares upon the conversion of Share Warrants to a 'Non-Promoters/Public Category' on a preferential basis. These shares were allotted at an issue price of Rs. 14/- each, which includes a premium of Rs. 4/- per share. The allotment was completed after receiving payment aggregating to Rs...

Arisinfra Solutions Limited Renames Wholly Owned Subsidiary in Corporate Structure Update Arisinfra Solutions Limited has completed a significant corporate structural update, announcing the name change of one of its wholly owned material subsidiaries. The subsidiary, previously known as Arisinfra Trading Private Limited, has been renamed to Lionheart Trading Private Limited.The alteration pertains to the subsidiary’s identity within the company’s operations and documentation. Arisinfra Solutions Limited confirmed that the Memorandum and Articles of Association have been updated to reflect this change in name.This corporate milestone took effect on July 02, 2026, formalizing the transition for the entity from its former designation...

Android Dominance Decimated: EU Upholds €4.1 Billion Antitrust Fine After Google Fails to Overturn Market Abuse Ruling The European Court of Justice has delivered a landmark ruling, finding that Google abused its dominant position within the Android operating system. The court dismissed the appeal brought by Google and Alphabet Inc., confirming the massive antitrust penalty originally levied in 2018. This decision represents a significant victory for European regulators against the global technology giant.The Significance of the EU's Verdict The ruling is legally binding, confirming that regulators were correct to penalize Google. The court statement noted that the fine was imposed due to Google Search’s abuse of its dominant position...

Brookfield India REIT Manager Holds Investor Meetings to Discuss Q4/Year-End Updates Brookprop Management Services Private Limited, serving as the manager of Brookfield India Real Estate Trust (Brookfield India REIT), conducted meetings with various investors concerning the trust's business and financial performance. These investor interactions took place over a period spanning June 29, 2026, and July 02, 2026.The meetings were held to provide detailed updates on Brookfield India REIT regarding its operations and financial status for the quarter and year that ended on March 31, 2026. This engagement with investors allows stakeholders to review the trust's performance across various business metrics.BIRET Stock Price Movement Today...

Kusumgar Launches ₹650 Cr OFS IPO: Key Dates, Financial Dip, and Market Positioning Revealed Mumbai-based synthetic fabrics maker Kusumgar is set to enter the capital markets with a significant Rs 650 crore initial public offering (IPO). The issue was scheduled to open on July 8, marking its debut after Knack Packaging's listing earlier in the month.The IPO structure revolves entirely around an offer-for-sale (OFS), meaning the company is not raising operational funds from this specific issue. All proceeds will be directed to the selling shareholders.IPO Schedule and Listing DetailsAnchor book appointments for the IPO are scheduled for July 7. Following this, the public issuance period runs until July 10. The allotment basis is...

Adani Enterprises and IHC Group Partner on USD 11.5 Billion Integrated Aluminium Project in Odisha Adani Enterprises Limited (AEL) and International Resources Holding (IRH), an IHC Group company through 2PointZero, have formalized a partnership to develop a massive integrated greenfield aluminium project in the mineral-rich state of Odisha. The companies signed a Memorandum of Understanding (MoU) with the Government of Odisha for the proposed venture, which is set to establish a significant presence in the global aluminium supply chain.The joint venture aims to invest approximately ₹ 1.08 lakh crore, valued at USD 11.5 billion. This investment is expected to be Odisha's largest Foreign Direct Investment (FDI) proposal and India's...

Coal Imports Plunge by Nearly 13% as India Accelerates Domestic Substitution Push India's commitment to import substitution is yielding significant results in the thermal power sector, as coal imports registered a marked decline in April 2026. Total coal imports fell by approximately 12.95%, decreasing from 24.27 MT in April 2025 to 21.13 MT in April 2026, representing a reduction of 3.14 MT.This sustained decline is a direct outcome of the Ministry of Coal's focused strategy to ramp up domestic production and strengthen First Mile Connectivity for power utilities. The reduced reliance on imported fuel showcases steady progress toward achieving greater coal self-sufficiency within crucial energy consumers.Power Sector Sees Massive...

Defense Project Breakthrough: India and Japan Commit to ₹10 Trillion Investment, Deepening Strategic Partnership Landmark Defence and Tech Cooperation Established Between India and Japan New Delhi witnessed a significant leap in bilateral relations between India and Japan on July 2. Prime Minister Narendra Modi announced the initiation of India and Japan’s first co-development defence project. This initiative marks a new chapter in the specialized military technology cooperation between the two nations.PM Modi emphasized that this defense collaboration underscores the deepening strategic alliance. He highlighted the commitment to mutual trust as the most significant strategic asset amidst today's uncertain global environment...

Rupee Struggles Against Dollar Demand Despite Global Slowdown as FII Outflows Surge Amid Equity Rally The Indian rupee registered a decline on Thursday, closing at 95.34 (provisional) against the US dollar after paring initial gains. The currency move was heavily impacted by robust dollar demand from corporate hedgers and importers, which counteracted the supportive effects of easing crude oil prices. Forex traders noted that while the rupee opened higher following less hawkish comments from Fed Chair Kevin Warsh and a fall in global oil benchmarks, it ultimately lost ground due to investor outflows.Foreign Exchange Market Dynamics The rupee traded within the range of 94.90 and 95.40 during the session. It had closed at 95.16 on...

Kirloskar Oil Engines Announces 17th Annual General Meeting and Final Dividend Record Date Kirloskar Oil Engines Limited has scheduled its 17th Annual General Meeting (AGM) for shareholders, alongside setting key dates for the declaration of the Final Dividend for the Financial Year 2025-26. The company also provided details regarding its book closure period and the timeline for remote e-voting.The 17th AGM is set to take place on Friday, August 7, 2026, at 11:30 a.m. (IST). Members will be able to attend the meeting through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Notice of the AGM and the Annual Report for the Financial Year 2025-26 will be made available on the company website, as well as on the websites of...

Exide Stock Soars Over 7% as Plunging Lead Prices Signal Massive Cost Advantage for Battery Makers Exide Industries witnessed a sharp rally on Thursday, pushing its shares up significantly as lead prices reached levels that analysts view as supportive for the battery manufacturing sector. The stock rallied due to the steep decline in input costs, with Exide settling at an intraday high before moderating gains. This movement highlights the direct correlation between commodity pricing and profitability for lead-acid battery manufacturers.Market Rally Driven by Falling Lead Prices Exide shares experienced sustained strength, climbing over 7% on Thursday after testing highs of Rs 422.70 on the NSE. The stock, which had seen consecutive...

Marico Signals Double-Digit Growth as Demand Strengthens Across Core, Digital Segments Q1 Revenue Projected to Rise in Low Twenties Amid Robust Business Performance Consumer goods giant Marico has signaled strong momentum, projecting consolidated first-quarter revenue growth in the low-twenties percentage range. This positive outlook is supported by robust performance across the company’s core, digital, and international business segments. The maker of Parachute coconut oil and Saffola edible oils is banking on a multifaceted growth story driven by increasing demand and cost efficiencies.India Business Drives Double-Digit Volume Gains for Marico The domestic Indian market proved particularly resilient for Marico. The company reported...

Mahindra Financial Services Reports Q1 FY27 Updates, Citing Rs 15,560 Crore Disbursement Estimate Mahindra & Mahindra Financial Services Limited has provided key updates for the first quarter of Fiscal Year 2027 (Q1 FY27), highlighting growth in disbursements and maintaining strong asset quality metrics. The company estimates total disbursement at approximately Rs 15,560 crore for Q1 FY27, representing a year-on-year (YoY) growth of around 21%, excluding finance lease activities.Business Assets stand at approximately Rs 1,37,300 crore as of the reporting period, marking a growth of roughly 12% compared to June 2025 figures.In terms of asset management and efficiency, Collection Efficiency (CE) is estimated at 95% for Q1 FY27...

Union Bank of India Promotes General Manager to Chief General Manager Union Bank of India has announced a change in its senior management structure, elevating Shri Bhaskara Rao Chaganti Venkata Naga to the position of Chief General Manager. This promotion is effective from July 01st, 2026.Shri Bhaskara Rao Chaganti Venkata Naga was previously serving as a General Manager at the bank and has been promoted following his successful tenure in various senior roles within the organization.The promotion details and brief profile of Shri Bhaskara Rao Chaganti Venkata Naga are provided below:Personnel NamePosition Elevated ToDate of ElevationPrevious RoleShri Bhaskara Rao Chaganti Venkata NagaChief General ManagerJuly 01st...

Vivek Madhavprasad Jalan to receive shares in Mahalaxmi Seamless Ltd through gift transaction Mahalaxmi Seamless Limited has announced a proposed off-market inter-se transfer of equity shares by way of a gift between the promoters of the company. The transaction involves the gifting of 551,412 equity shares from one promoter to another, with the effective date set for on or after July 15, 2026.The proposed acquisition consists of 551,412 equity shares, which represent 0.44% of the company's share capital. The acquirer, Vivek Madhavprasad Jalan, is noted as an immediate relative of the transferor, Madhavprasad Govindram Jalan.The transaction will result in a significant increase in the holding of Vivek Madhavprasad Jalan. Prior to...

Garlon Polyfab Industries Ltd Announces Q1 FY26 Financial Results and Board Meeting Outcomes Garlon Polyfab Industries Ltd has released its Audited Standalone Financial results for the quarter ended March 31, 2026. The company's board meeting reviewed and approved these financial results.The results detail performance across various periods, including comparison data spanning from March 2025 to March 2026.Quarterly and Annual Performance Summary The company reported the following key figures in its standalone financial results for the quarter ended March 31, 2026:ParticularsQtr Ended 31-03-2026 (Audited)Prior Period (Qtr/Year)Total Income from Operations3.85-Profit before tax (Net before Exceptional Items)0.12(3.24) (from...

Purple Agrotech Industries Receives SEBI Order Imposing Penalties and Period of Restraint Purple Agrotech Industries Limited, formerly known as Purple Entertainment Limited, has received an order from the Securities and Exchange Board of India (SEBI) concerning alleged violations. The company is currently reviewing the matter following the issuance of the punitive measures.The order was issued by SEBI under a specific order number dated June 30, 2026. The company became aware of this action on July 2, 2026.According to details provided, the penalties mandated by the regulatory authority include both a monetary penalty and a period of restraint, which are set to impact the entity's operations.Key details regarding the SEBI order...

Hindustan Zinc Reports Q1 Production Figures: Highest Mined Metal Output in Five Years Hindustan Zinc Limited, the world's largest integrated zinc producer and a Vedanta Group company, has announced its production figures for the first quarter ended June 30, 2026. The company reported a significant achievement with a best-ever first quarter mined metal production of 268 kilotonnes (kt), driven primarily by improved grades.The results highlight robust performance in certain areas while also noting operational adjustments across other metals.Q1 Production OverviewRefined metal output stood at 260 kt, achieved after capacity was unlocked through debottlenecking initiatives at Chanderiya and Dariba, along with a 160 ktpa roaster at...

Master Components Limited Receives Purchase Order for Thermoset Molded Components Valued at INR 37.67 Lakhs Master Components Limited has secured a purchase order from a domestic entity for the supply of thermoset molded components designed for electrical applications. The agreement is valued at approximately INR 37,67,130, excluding tax.The contract details indicate that Master Components Limited will execute the order by July 30, 2026. The terms also specify payment to be made within 30 days from the date of the purchase order (PO).As per the details provided regarding the order, the client is a domestic company. No conflict of interest exists, as it has been confirmed that the promoter or any related group companies have no...