
Omfed achieves record turnover

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


News18
26 minutes ago
- News18
Stocks To Watch: HCL Tech, DMart, Tata Tech, Siemens, Ola Electric, HUL, And Others
Last Updated: Stocks to watch: Shares of firms like HCL Tech, DMart, Tata Tech, Siemens, Ola Electric, HUL, and others will be in focus on Monday's trade Stocks to Watch on July 14, 2025: Indian stock markets ended lower on Friday, falling over half a percent amid weak global cues and profit-booking. In today's session, several stocks will be on investors' radar due to earnings announcements, corporate updates, and other key developments. Shares of HCL Tech, Tata Tech and Ola will be in focus as the companies will announce their first quarter results. DMart operator Avenue Supermarts reported a muted June quarter (Q1FY26) performance, with net profit flat at Rs 773 crore compared to Rs 774 crore a year ago. The result missed Bloomberg consensus estimates of Rs 883 crore, impacted by rising competition and margin pressures despite revenue growth. Lodha Developers Lodha Developers said it is targeting bookings worth over Rs 46,000 crore over the next two years, a 43% increase from the Rs 32,100 crore achieved in FY24 and FY25 combined. The company sees robust demand momentum ahead in the real estate sector. Reliance Industries (RIL) Mukesh Ambani-led Reliance Industries is set to announce its financial results for the June quarter on Friday, July 18. Investors will be watching closely for updates across its key businesses, including telecom, retail, and energy. JSW Paints has launched an open offer worth ₹3,929 crore to acquire up to 25.2% stake in Akzo Nobel India. The offer price is set at ₹3,417.77 per share. Hindustan Unilever (HUL) HUL clarified that Ritesh Tiwari continues to serve as Executive Director – Finance, IT, and Chief Financial Officer of the company, reaffirming continuity in leadership. Siemens Siemens India has secured two orders from Maha Metro worth a total of ₹773 crore. The orders include supply and commissioning of key systems for metro rail operations. DLF DLF announced a full and final settlement of its legal and arbitration disputes with Hubtown, Chinsha Property, TFDRL (Twenty Five Downtown Realty), and others. As part of the agreement, DLF will receive settlement payments in tranches over two years, with ₹100 crore already received. Inox Wind Inox Wind Ltd. and Inox Wind Energy Ltd. (IWEL) have completed their merger, aimed at simplifying the group structure and strengthening its balance sheet. The merger eliminates Rs 2,050 crore of intra-group debt. A fresh listing of the consolidated entity is expected in the coming week. Awfis Space Solution Coworking firm Awfis is diversifying into the furniture manufacturing and sales business to reduce costs and broaden its revenue base. Shareholders have approved the new vertical, according to a regulatory filing. Amber Enterprises The board of Amber Enterprises has approved a fundraising plan of up to Rs 2,500 crore through the issuance of various securities. The company is exploring all permissible financial instruments for this capital raise. Neogen Chemicals Neogen Chemicals announced it will raise up to Rs 200 crore by issuing secured, listed, redeemable non-convertible debentures (NCDs) on a private placement basis, as approved by its board. Ramco Cements Ramco Cements reported that it has realised Rs 24.05 crore from the sale of non-core assets, including Rs 19.77 crore from equity investments and Rs 4.28 crore from land sales. The total value of such disposals now stands at Rs 483.84 crore. NCC Ltd NCC has secured a Rs 2,269 crore contract (excluding GST) from the Mumbai Metropolitan Region Development Authority (MMRDA) for civil construction work on Mumbai Metro Line 6 (Package 1-CA-232), the company informed the stock exchanges. Ajmera Realty reported a weak Q1FY26 operational performance. Sales value dropped 65% YoY to Rs 108 crore, while carpet area sold fell 52% to 63,244 sq. ft. The sequential decline in sales was attributed to delayed project launches and low inventory availability. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Aparna Deb is a Subeditor and writes for the business vertical of She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, More First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


News18
26 minutes ago
- News18
Jane Street Deposits Rs 4,843.5 Crore As Per Sebi Order; Can It Trade In Indian Market Now?
Last Updated: In its interim order, Sebi had directed Jane Street Group entities to deposit the alleged unlawful gains in an escrow account Global proprietary trading company Jane Street Group is free to resume trading in Indian equity markets as it has complied with a key directive from the Securities and Exchange Board of India (Sebi). Sources told Moneycontrol that the firm has deposited Rs 4,843.5 crore in an escrow account, fulfilling the core requirement laid out in Sebi's interim order dated July 3, 2025. According to a Moneycontrol report, a source familiar with the matter confirmed that Jane Street Group deposited Rs 4,843.5 crore on Friday to comply with the SEBI order. Another person aware of the proceedings said that with the funds now placed in an escrow account and the terms of the order fulfilled, Jane Street is eligible to resume trading operations on Indian exchanges. In its interim order, SEBI had directed entities within the Jane Street Group to deposit the alleged unlawful gains in an escrow account held with a scheduled commercial bank in India, with a lien marked in favour of the regulator (Clause 62.1). Clause 62.2 of the same order prohibited the group from accessing the securities market, effectively barring it from buying, selling, or dealing in securities, either directly or indirectly. The order also instructed banks, custodians, depositories, registrars, and transfer agents to block any movement of Jane Street's assets until the deposit condition was met. However, Clause 62.11 of the order made it clear that these restrictions — including the trading ban — would be lifted once Jane Street complied with the deposit requirement. That said, SEBI explicitly cautioned the group to refrain from 'directly or indirectly engaging in any fraudulent, manipulative, or unfair trade practices," including using trading patterns identified in the interim order. In essence, Jane Street is now barred from deploying the specific trading strategy that SEBI flagged in its order. While Jane Street has fulfilled the deposit condition, it remains uncertain whether the firm will resume trading immediately or adopt a wait-and-watch approach, potentially gauging regulatory clarity and market sentiment before reactivating its India playbook. SEBI also noted in its order that Indian exchanges should monitor Jane Street's future activities closely to prevent any recurrence of market manipulation. Additionally, SEBI acknowledged that if the entities provide credible justifications that challenge the interim findings, the restrictions could be lifted following a hearing. Should a detailed probe ultimately find no wrongdoing, the impounded funds would be returned, and the firm would be allowed to operate in Indian markets without restrictions. Jane Street, for its part, has denied SEBI's allegations. In an internal memo to employees cited by media reports, the firm stated that the Indian capital markets regulator had 'misunderstood" a standard hedging strategy, rejecting claims of manipulation. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Time of India
28 minutes ago
- Time of India
Rural boost: RBI allows gold pledge for agricultural loans
Representative image MUMBAI: A new directive issued by the RBI permits banks to accept voluntary pledges of gold or silver from borrowers seeking agricultural and MSME loans, even within the limits traditionally classified as "collateral-free". This will help small borrowers, particularly in rural India, get easier terms on their loans. According to the circular issued on July 11, banks may now accept household gold and silver as collateral for loans under Rs 2 lakh, provided the pledge is voluntary. "This regulatory clarification ensures that a borrower's choice to pledge personal gold or silver does not disqualify them from collateral-free benefits," a banker said. The change is expected to enhance financial inclusion. In rural India, gold remains the most liquid household asset. By allowing its use as security, banks can process loans faster, especially critical during sowing seasons or emergencies. Gold-backed loans are easier to disburse, reducing dependence on informal moneylenders and tightening repayment discipline. In 2023, the RBI had asked banks to classify all loans that were advanced against the security of jewellery as 'gold loans'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Các chỉ số toàn cầu đang biến động — Đã đến lúc giao dịch! IC Markets Tìm hiểu thêm Undo However, this reclassification also meant that banks would need to apply the stricter repayment norms that are applicable to gold loans, unlike loans to farmers, where some flexibility is provided for the seasonality of income. Because of the reclassification, the gold loan portfolio of public sector banks almost doubled last year. Banks, in turn, benefit from a lower risk profile. Secured lending makes it easier to expand credit to underserved rural borrowers. The move could also help banks meet priority sector lending goals. The rules permit only physical gold and silver, such as jewellery, ornaments and coins, as collateral. Financial products like gold ETFs, mutual funds, or digital gold are excluded. This distinction aims to keep volatility in check and lending standards robust. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now