The National Company Law Tribunal (NCLT) deferred orders in eight insolvency petitions against SpiceJet after the airline disclosed a settlement on the judgment day, saying court time had been "wasted". The petitions were filed by aircraft lessors over unpaid dues. In an oral order, the tribunal directed SpiceJet to settle its dues with other creditors within two days.

Defence Ministry has signed a ₹1,943-crore deal with US-based General Atomics to lease two MQ-9B Sea Guardian drones for the Indian Navy for 30 months. The drones are equipped with state-of-the-art sensors and sophisticated payloads and can fly over the horizon for over 30 hours. This will boost India's ability to monitor and respond to developments across Indian Ocean Region.

Solex Energy reported Q1 FY27 revenue of ₹265.63 crore, up 1.8 per cent YoY, while PAT declined 66.6 per cent to ₹8.26 crore. EBITDA fell 20.9 per cent to ₹33.79 crore. The company’s order book stands at around ₹3,400 crore, with ₹845.84 crore targeted for execution by December 2026.

Gujarat Cotex shares rose 4.84 per cent to ₹3.25 and hit the upper circuit after proposing two new divisions, Prabhat Oils and Prabhat Infratech. The plans target edible oils, real estate and infrastructure, with proposals to be placed before the Board for approval. Trading volume surged to 85.30 lakh shares.

Mopshop Distribution will open its ₹27.26 crore IPO on August 19, 2026, with the issue closing on August 21. Priced at ₹138 per share, the IPO comprises fresh shares and an offer for sale. Proceeds will fund debt repayment, commercial vehicles, a rooftop solar plant and general corporate purposes.

Small-cap mutual funds offer higher growth potential but come with greater volatility and risk. Among 35 schemes, ITI Small Cap Fund delivered the highest 5-year SIP return at 21.98 per cent, followed by Bandhan Small Cap Fund at 21.70 per cent and Invesco India Smallcap Fund at 20.98 per cent.

Greaves Cotton acquired the remaining 20 per cent stake in Excel Controlinkage, taking its ownership to 100 per cent. The transaction, completed on August 13, 2026, made Excel Controlinkage a wholly owned subsidiary. The company manufactures motion control systems for commercial vehicles, construction equipment, agriculture, marine and other applications.

Apollo Micro Systems secured orders worth ₹80.84 crore from Defence PSUs, State Governments and private industries. The company disclosed the orders in its August 17, 2026 exchange filing. Meanwhile, FII holding increased to 7.59 per cent in June 2026 from 3.63 per cent in March 2026, rising 3.96 percentage points, while promoter holding stood at 49.98 per cent.

EFC (I) shares declined 1.46 per cent to ₹177.30 after the company leased a 95,897 sq. ft. A+ category building in Pune for five years. The facility has revenue potential of over ₹70 crore and will add more than 2,000 seats. EFC continues to expand its managed office, Design & Build and furniture manufacturing businesses.

Saatvik Green Energy shares fell 7.11 per cent to ₹397 after its subsidiary signed an MoU with Odisha government agency IPICOL for a 3.6 GW solar cell facility at Gopalpur. The Phase II project is targeted for FY28, adding to the existing 2.4 GW cell and 4 GW module capacity under Phase I. The stock trades at 20.3 PE.