Garuda Construction & Engineering said its promoter, PKH Ventures Limited, pledged 65,00,000 equity shares, or 6.99% of total share capital, on July 31, 2026, to secure working-capital financing. The pledge was created in favor of Aditya Birla Capital Limited, according to the company’s disclosure. Following the transaction, the encumbered portion of the promoter’s holding rose to 13.51%, while remaining below the 20% threshold referenced in the filing. The promoter’s overall shareholding stands at 51.7%.

A little-known clause in SpaceX’s IPO lockup agreement could have released up to 456 million additional nonaffiliate shares if the stock met a pre-earnings performance threshold. The trigger required shares to close at or above $175.50 on at least five of the 10 trading days before the first earnings release, a level tied to a 30% premium over the $135 IPO price. With the stock trading around $107—about 39% below the threshold—the condition has not been met. The situation concerns a potential IPO lockup release and does not involve listed traditional assets.

Apple shares fell 7.4% over two trading sessions, erasing $426 billion in market value. The selloff came despite fiscal Q3 2026 revenue rising 16.4% year over year and iPhone sales climbing 21.7%. iPhone revenue for the nine months ended June 27, 2026, increased 22.4%, and product sales growth outpaced services for the first time since fiscal 2021. Investors remain focused on valuation concerns and doubts about how sustainable the company’s growth can be.

Short positions in SpaceX (SPCX) have reached $23.6 billion in notional value, exceeding Tesla’s roughly $22 billion. Shorts now represent 32.2% of SpaceX’s publicly tradable float, up from about 5% to 7% shortly after its June IPO. The shift comes as the company heads into its first quarterly earnings report as a public company and the first insider lockup expiration, after the stock fell more than 50% from its intraday high and the company lost more than $500 billion in market value.

T1 Energy said it has signed a strategic agreement to supply Clearway Energy Group with 641 megawatts of solar modules made using domestic solar cells from its G2_Austin facility. The company said the deal supports its effort to build a traceable U.S. solar supply chain as demand for domestically produced components rises amid trade and tariff uncertainty. T1 also said it expects the first phase of its 2.1 gigawatt solar cell production to start operating in the first quarter of 2027 and plans to offer modules with more than 60% domestic content that year.

Motilal Oswal downgraded Thermax to “Sell” and cut its target price to INR4,000 from INR4,300. The brokerage cited 1QFY27 results that were well below expectations, including nearly INR910m in cost overruns in an industrial infra project and delayed revenue recognition in the industrial products segment. It also flagged that an INR30–40b legacy order book is expected to be completed by 2HFY27, which it said could pressure near-term profitability. Based on this, Motilal Oswal reduced its FY27/FY28 earnings estimates by 20%/3% and revalued the stock at 40x P/E for the core business.

Chandresh Saraswat HUF increased its holding in Yug Decor Limited through an open-market purchase on the BSE SME Platform, taking its stake to 5.85% from 5.63% after acquiring 36,225 shares. In a separate transaction, Nisha Chandresh Saraswat received 18,05,405 shares from family members, representing 11.16% of the company’s total share capital. The changes reflect an internal reshuffling within the promoter group and continued support from the company’s controlling shareholders.

Pritish Nandy Communications reported a net loss of ₹77.11 lakh in Q1FY27, reversing a net profit of ₹61.75 lakh a year earlier. Revenue from operations fell 92.6% year on year to ₹157.54 lakh. Basic and diluted EPS turned negative at ₹(0.53) from ₹0.43. The company has launched a postal ballot to seek shareholder approval to change its name to PNC Media and Entertainment Limited.