News Flash
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Waaree Energies Cancels Acquisition of Kamath Transformers
2 minutes ago
negative
Waaree Energies has cancelled its planned acquisition of Kamath Transformers due to an unfinished agreement. No further details about the reasons for the cancellation or the terms of the original agreement were provided in the news snippet.
Ester Industries Unveils New Brand Identity on 40th Anniversary
3 minutes ago
positive
Ester Industries has revealed a new brand identity coinciding with its 40th anniversary. The rebranding emphasizes the company's shift towards innovative and sustainable material solutions, adopting a global perspective.
Omaxe has allocated ₹39.8 crore from a total non-convertible debenture (NCD) issue of ₹199.4 crore. This allocation represents approximately 20% of the total NCD issue amount.
Lotus Chocolate has reported its Q1 financial results. The company's net profit for the quarter was 30 million rupees, compared to 69 million rupees in the same period last year. Revenue for Q1 increased to 1.58 billion rupees from 1.41 billion rupees year-over-year.
Reliance Power has announced plans to raise funds through two methods. The company intends to raise up to 60 billion rupees by selling equity. Additionally, it plans to issue debentures worth up to 30 billion rupees. The total fundraising effort amounts to 90 billion rupees.
Nazara Technologies has approved the separation of Nodwin Gaming. Nodwin Gaming plans to raise funds from its current shareholders. As a result of this move, Nazara's stake in Nodwin Gaming will decrease to less than 50%.
Visaman Global Sales Plans Warrant Issue
18 minutes ago
neutral
Visaman Global Sales has announced plans to issue up to 4.2 million warrants. Each warrant will be priced at 60 rupees.
Visaman has announced plans to release up to 5.6 million shares at a price of 60 rupees per share. This share issuance represents a significant corporate action that could impact the company's capital structure and existing shareholders.
Embassy Office Parks REIT: Plans Rs 2,000 Crore Bond Sale
35 minutes ago
positive
Embassy Office Parks REIT is in discussions with bankers to raise 20 billion rupees ($232.79 million) through a five-year corporate bond issuance. The funding round is expected to close by month-end. The AAA-rated bonds may attract strong demand from mutual funds and insurance companies.
Maruti Suzuki: Six Airbags Now Standard in Ertiga and Baleno Models
38 minutes ago
neutral
Maruti Suzuki has made six airbags standard in Ertiga and Baleno models, effective immediately. This results in price increases of 1.4% for Ertiga and 0.5% for Baleno. The company aims to offer six airbags across all passenger vehicles by end of 2025. June 2025 sales declined 6% year-on-year, with domestic passenger vehicle sales down 13%.
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GMR Airports reported a passenger count of 30.2 million for Q1, representing a 3.3% increase compared to the same period last year. However, the company experienced a slowdown in domestic traffic during May and June, which was attributed to political issues. No specific fiscal year was mentioned in the news data.
Avance Technologies has approved a term sheet for the acquisition of Checkers India. No further details about the acquisition or the companies involved were provided in the given news snippet.
AMIC Forging has obtained a new order valued at 54.6 million rupees. The news briefly mentions the company's name and the order value without providing additional details about the nature of the order or its timeframe.
Equity Intelligence India Private Limited, led by Porinju Veliyath, has increased its stake in Orient Bell by 0.90% during the first quarter. This represents a notable change in the company's ownership structure.
TPI India has won an order valued at 137.7 million rupees. No further details about the nature of the order or the client were provided in the news snippet.
Neogen Chemicals has received a 300 million rupees insurance payment for fire damage. The company estimates that reconstruction will take 9-12 months.
LTIMindtree (LTIM) has disclosed the shutdown of its subsidiary, Syncordis Limited, in the United Kingdom. No further details about the reasons for the closure or its potential impact were provided in the given news snippet.
global
S&P 500 Rises 0.26% in Latest Trading Session
45 minutes ago
positive
The S&P 500 index increased by 16.51 points, equivalent to a 0.26% gain, closing at 6,260.27. This uptick occurred after the market opened for trading.
global
NASDAQ Rises 48.54 Points in Latest Trading Session
45 minutes ago
positive
The NASDAQ index experienced an increase of 48.54 points, equivalent to a 0.24% gain, closing at 20,726.34. This upward movement occurred after the market opening.
global
Dow Jones Gains 155 Points in Early Trading
45 minutes ago
positive
The Dow Jones Industrial Average increased by 155 points, or 0.35 percent, reaching 44,178.35 after the market opening. This upward movement indicates a positive start to the trading session for the major stock market index.
commentary
Market Commentary
45 minutes ago
neutral
Foreign Institutional Investors (FII) sold ₹1,858.15 crore worth of Indian shares. In contrast, Domestic Institutional Investors (DII) purchased ₹1,223.55 crore worth of shares in the Indian market.
ipo
Anthem Biosciences IPO Oversubscribed 63.86 Times
55 minutes ago
positive
Bengaluru-based Anthem Biosciences Ltd's ₹3,395-crore IPO was oversubscribed 63.86 times. The offer, entirely an offer-for-sale by promoters and shareholders, received bids for 281.44 crore shares against 4.40 crore shares offered. The Qualified Institutional Buyers portion was subscribed 182.65 times, while retail investors and HNIs portions were subscribed 5.64 and 42.35 times respectively. The employee quota was subscribed 6.59 times.
LE Travenues Technology Ltd: Q1 Profit Soars 27.7%, Revenue Up 74.2%
1 hour ago
positive
LE Travenues Technology Ltd (Ixigo) reported Q1 FY26 net profit of ₹18.9 crore, up 27.7% YoY. Revenue jumped 74.2% to ₹314.4 crore. Gross Transaction Value increased 55% to ₹4,644.7 crore, driven by strong growth in flight and bus segments. EBITDA rose 53.1% to ₹25.5 crore.
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Kalpataru announced its Q4 financial results. The company's consolidated net profit decreased to 141 million rupees from 243 million rupees in the same quarter last year. Revenue increased to 5.97 billion rupees from 4.9 billion rupees year-over-year.
Oriental Hotels has announced its Q1 financial results, showing substantial year-over-year improvements. The company's EBITDA increased to 251 million rupees from 113 million rupees in the previous year. The EBITDA margin rose to 23.49% from 13.84%. Net profit grew to 87 million rupees from 36 million rupees. Revenue also saw an increase, reaching 1.1 billion rupees compared to 814 million rupees in the same quarter last year.
Godawari Power And Ispat has obtained environmental approval for a new steel plant to be constructed in Chhattisgarh. This development suggests an expansion of the company's operations in the steel sector.
PNC Infratech: Secures 300 MW Solar Project from NHPC as Lowest Bidder
1 hour ago
positive
PNC Infratech has been declared one of the lowest bidders for a 300 MW ISTS-connected solar power project with a 150 MW / 600 MWh energy storage system from NHPC. The project, to be executed within 24 months, has a quoted tariff of ₹3.13 per kilowatt hour and will operate for 25 years after completion.
Tirupati Tyres has announced plans to raise up to 990 million rupees through a Qualified Institutional Placement (QIP). This fundraising method involves selling shares to qualified institutional buyers.
Axtel Industries has suggested an additional dividend of 6 rupees for each share. This proposal indicates a potential increase in shareholder returns.
Axtel Industries has reported its Q1 financial results. The company's EBITDA decreased to 15 million rupees from 55 million rupees year-over-year. The EBITDA margin fell to 5.58% from 12.26% in the same period last year. Net profit declined to 19 million rupees from 41 million rupees year-over-year. Revenue also decreased to 272 million rupees from 447 million rupees compared to the previous year's Q1.
Balrampur Chini Mills is facing charges of ₹218.1 million as the Uttar Pradesh government has reinstated import and export fees on denatured alcohol. This decision directly impacts the company's financial obligations.
Hindustan Zinc: Wins Potash-Halite Block in Rajasthan, Reports Q1 Production
1 hour ago
neutral
Hindustan Zinc received a Letter of Intent for a 1,841.25-hectare potash-halite block in Rajasthan. Q1 mined metal output reached 265 kilo tonnes, up 1% YoY. Refined metal production was 250 kilo tonnes, down 5% YoY. Silver production decreased to 149 tonnes, down 11% YoY.
commentary
Market Commentary
1 hour ago
neutral
The European Union has put forward a draft budget of €1.98 trillion for the period spanning from 2028 to 2034. This multi-year budget is intended to fund various EU programs and projects over the seven-year timeframe.
global
The US Producer Price Index rose by 2.3% on a yearly basis in June. This increase is lower than the previous month's 2.6% rise and falls below the estimated 2.5% increase. The June figure indicates a slight deceleration in producer price inflation compared to May.
global
US Producer Price Index Remains Unchanged in June
1 hour ago
neutral
The US Producer Price Index (PPI) for June reported no change, staying at 0.0%. This figure was lower than the anticipated 0.2% increase and represents a decline from the previous month's 0.1% rise.
Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loans worth ₹8,585 crore from seven public sector banks. The defaults occurred between August 2024 and February 2025. MTNL's total debt obligations reached ₹34,484 crore as of June 30, 2025. India has approved a non-auction route for monetising assets of state-run entities like MTNL for properties valued below ₹10 crore.
Maruti Suzuki has standardized six airbags in its Ertiga and Baleno models. As a result, the company has increased the ex-showroom prices of these models. The Ertiga will see a price increase of 1.4%, while the Baleno's price will rise by 0.5%.
USFDA Concludes Remote Regulatory Review of Zydus Lifesciences' Matoda Facility
1 hour ago
positive
Zydus Lifesciences announced that the U.S. Food and Drug Administration (USFDA) has completed a remote regulatory review of its Matoda facility. The review found no issues, and the site has been approved for final clearance.
Hindustan Zinc has received an intent letter from the government designating it as the preferred bidder for the Jhanda Wali – Satipura Potash and Halite Block in Rajasthan. This development suggests the company is in a favorable position to acquire mining rights for potash and halite in the specified area.
Paramount Communications has announced plans to explore fundraising opportunities through equity and bonds on July 21.
Le Travenues Tech has announced its Q1 financial results. The company's EBITDA increased to 256 million rupees from 168 million rupees year-over-year. However, the EBITDA margin decreased to 8.14% from 9.24% in the same period. The consolidated net profit rose to 190 million rupees from 148.6 million rupees year-over-year. Revenue showed significant growth, reaching 3.14 billion rupees compared to 1.82 billion rupees in the previous year's Q1.
Reliance Industrial Infrastructure has announced its Q1 consolidated financial results. The company reported a net profit of 31 million rupees, compared to 29 million rupees in the same period last year. Revenue for Q1 stood at 125 million rupees, up from 124 million rupees year-over-year.
The State Bank of India (SBI) has set the minimum price for its Qualified Institutional Placement (QIP) issuance at 811.05 rupees per share. This information suggests that SBI is planning to raise capital through a QIP, which is a method of issuing shares to qualified institutional buyers.
commodities
India's Gold Imports Decline, Silver Imports Rise
2 hours ago
neutral
India's gold imports have decreased by 40% to 21 metric tons, reaching the lowest level in two years. In contrast, silver imports have increased to 197 tons from 109 tons in the previous year.
Ramco Cements has opened its fifth construction chemical plant in Odisha. This expansion represents a significant development in the company's manufacturing capabilities and market presence in the construction chemicals sector.
L&T Tech Services is aiming for double-digit growth in FY26 and plans to reach $2 billion in revenue soon. The company also expects to improve its EBIT margins. No specific fiscal year or current revenue figures were mentioned in the provided news snippet.
Embassy Office Parks REIT is reportedly planning to raise 20 billion rupees through a bond issuance this month, according to unnamed sources. The real estate investment trust is looking to tap into the debt market for funding, though specific details about the purpose of the fundraising or the terms of the bonds were not provided in the news snippet.
Greenlam Industries plans to invest ₹11.47 billion in Andhra Pradesh to establish a wood laminate facility. The state government has offered ₹3.29 billion in incentives for this project.
Tech Mahindra executives report strong momentum in deal wins, expecting growth to appear in the next quarter. However, the company also notes a drop in the manufacturing sector due to weakness in discretionary spending in the automotive industry. This decrease in automotive sector spending has affected the company's year-on-year revenue.
Tech Mahindra has reported new contract wins totaling $809 million for the first quarter. The company has successfully acquired these new deals, indicating potential growth in their business operations.