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Insecticides India reported a 17.4% YoY rise in Q1 net profit to ₹58 crore on higher margins, but shares dropped over 10% post-results.

This is the first bonus issue that Shilpa Medicare has announced for its shareholders after over a decade. The last instance of the company issuing bonus shares for its shareholders was back in 2013, when it had issued one bonus…

The company’s revenue from operations increased 7% to ₹1,606 crore as against ₹1,503 crore in the corresponding period of the preceding fiscal. Shares of Avanti Feeds Ltd ended at ₹677.00, up by ₹12.30 or 1.85% on the BSE.

On ICICI Bank’s hike in minimum average balance, Ashish Gupta, Chief Investment Officer at Axis Asset Management said banks face rising service quality expectations and regulatory demands.

The Nifty 50 reclaimed the 24,600 mark, closing at 24,619, up 132 points, while the Sensex rose 304 points to 80,540. The Nifty Bank closed in the green but underperformed the broader market, gaining 138 points to settle at 55,181.

SEBI has granted LIC a three-year extension to meet the minimum 10% public shareholding requirement, thereby pushing the deadline to meet the 10% minimum public shareholding requirements to May 16, 2027.

In its business update disclosed to the exchanges earlier in July, CSB Bank had reported a growth of 20% in overall deposits to ₹35,990 crore, while gross advances had grown by 32% from last year to ₹33,142 crore.

The new hotels will operate under The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Courtyard by Marriott, and Fairfield by Marriott brands. This agreement further expands Brigade Hotel’s existing partnership with Marriott, bringing their total collaboration to eight hotels.

The new SEBI reforms are expected to support founders of Indian start-ups aspiring IPO in India and provide flexibility for companies which are pursuing ‘Gharwapse’ / ‘reverse flip’ exercise, note EY India’s Pavan Sisodia and Susanjit Praharaj.

Devyani Intenational, India’s largest franchisee for Yum Brands, operating KFC and Pizza Hut outlets, reported a net profit of ₹3.6 crore for the June quarter, a decline of 88% from the year-ago period.