Asian Paints promoter Geetanjali Trading and Investments Private Limited has pledged an additional 12,50,000 shares to secure a loan facility from Aditya Birla Capital Limited. After the pledge, the entity’s encumbered shares rise to 37,50,000, representing 0.39% of the company’s total share capital. It continues to hold 4,57,06,140 shares (4.77%), while all promoters together hold 50,47,85,198 shares (52.63%), with 4,81,42,227 shares (5.02%) already pledged. The pledge is described as a routine financing arrangement and does not breach any warning or trigger thresholds.

South Korea's Kospi index plunged more than 10% on Tuesday morning as chipmaking stocks came under heavy selling amid renewed concerns over whether the artificial intelligence boom can be sustained.

Chinese equities fell sharply, with the CSI300 down 2.3% at the midday break to its lowest level since July 21 and the Shanghai Composite off 1% at 3,820.52. Technology and semiconductor shares led the selloff, with the STAR 50 Index down 4%, the CSI AI Index sliding 5.1% and the semiconductor index falling 3.7%. The pullback came as investors reassessed elevated AI-related valuations and broader spending pressures.

Polar Power (NASDAQ: POLA) said it has entered into an equity financing facility of up to $25 million, giving the company the option to issue common stock once a registration statement becomes effective. The company’s market capitalization is about $5.35 million, and its shares are down 31.94% over the past 12 months. Following the announcement, POLA jumped more than 41% in after-hours trading, reflecting investor enthusiasm for added funding flexibility in a small-cap name.

Hindustan Unilever (HUL) reported Q1 FY27 revenue up 10.2% year on year to Rs 17,149 crore, while consolidated net profit fell 3% to Rs 2,673 crore, missing analysts’ estimates. The company said the decline reflected a one-off tax credit in the year-ago quarter that did not recur this quarter. Underlying sales growth was 10% and EBITDA rose 8% to Rs 3,947 crore, while the EBITDA margin narrowed by 40 basis points to 23%. After the results, HUL shares fell 5% to Rs 2,064 on the BSE.

Hindustan Unilever (HUL) posted FY2024 first-quarter results with domestic volume growth of 5% year on year, below market expectations of 6%–7%. EBITDA came in slightly under forecasts, while revenue rose 10% year on year and beat estimates. The weaker-than-expected volume growth raised investor concerns, sending the stock down as much as 5% on the day.

Meesho Ltd shares fell 3.05% to Rs 177, pushing its market capitalization below Rs 83,000 crore, amid market talk that early investor Elevation Capital could sell about 12% via a block deal valued at roughly Rs 1,200 crore. Elevation Capital held a 12.04% stake as of the quarter ended June 2026. In its latest quarter, Meesho reported 274 million annual transacting users (+29% YoY) and 725 million placed orders (+29% YoY), but the update did little to ease valuation concerns tied to a potential shareholder exit.

Iris Clothings reported Q1FY27 consolidated net profit of ₹401.24 million, up 53% year on year, alongside revenue from operations of ₹4,723.73 million, up 26%. Gross margin improved to 44.6%. The company attributed the gains to strong demand for its DOREME kidswear brand and better operational efficiency, and said it plans to add 200,000 sq. ft. of capacity to meet demand. The results mark the first quarterly disclosure by listed entity ONUS, providing a direct fundamental catalyst.