Markets

SpaceX Soars in Record-Breaking Mega IPO as Peace Deal Hopes Drive Wall Street Rally U.S. stock markets concluded a robust session, driven by the monumental debut of SpaceX and renewed hope surrounding potential peace negotiations between the United States and Iran. The positive sentiment was buoyed by major indices posting solid gains, despite some concerns over equity fund outflows and increased market volatility ahead of future tech IPOs.SpaceX Debut Shatters Records as Shares Close Near $160.95 Elon Musk's SpaceX commanded massive attention after beginning trading on the Nasdaq Friday. The company saw its shares climb 19.2%, closing at $160.95, significantly above the initial IPO price of $135 per share. This listing made it Wall...

Subsidiary of Balgopal Commercial Ltd Secures Redevelopment Award from SRA in Mumbai M/s Esquire Real Estate & Bio-infocom Pvt. Ltd, a wholly owned subsidiary of Balgopal Commercial Ltd, has been awarded a Letter of Award by the Slum Rehabilitation Authority (SRA), Mumbai. The award pertains to the redevelopment of land located at Sion Kokari Agar, Shaikh Mistry Road, Antop Hill, Mumbai-400 037.The project involves land measuring 19,967.36 square meters. This approval represents a significant step toward the proposed development project for the company's subsidiary.The entitlement of the free sale component from this venture is estimated to be approximately 5.87 Lakh square feet. The gross market value (GMV) related to this...

Indobell Secures Rs 5.1 Crore Domestic Order for Supply of Thermal Insulations Indobell Insulations Limited has secured a domestic order worth Rs 5,10,00,000.00 (Rupees Five Crore Ten Lakh Lakhs Only) for the supply of thermal insulations. The contract was awarded by SKODA POWER PRIVATE LIMITED.The order details cover the provision of thermal insulations and is scheduled to be executed by September 15, 2026.The terms outlined for the transaction include a payment structure consisting of an advance, payments against milestones, and final balance linked to bank guarantee.Key operational and financial specifics related to this domestic contract are detailed below:ParticularsDetailsEntity Awarding OrderSKODA POWER PRIVATE...

Welspun Living Completes Share Buyback of 14.4 Million Shares at ₹175 Per Equity Share Welspun Living Ltd has released details regarding its share buy-back, confirming the acquisition of up to 1 crore 44 lakh equity shares at a fixed price through the tender offer route. The transaction was executed against existing shareholders and beneficial owners as on the record date of May 22, 2026.The buy-back involved acquiring a total of 14,400,000 fully paid-up equity shares of face value ₹1 each. The purchase price for these shares was set at ₹175 per equity share, amounting to an aggregate value of ₹252,00,00,000, excluding transaction costs.The tendering period for the buy-back spanned from Friday, May 29, 2026, to Thursday, June 4...

Manglam Global Corporations Posts Strong Revenue Growth and Increases Authorized Share Capital Manglam Global Corporations Ltd (formerly Kshitij Investments Limited) has reported its 47th Annual Report for the financial year ended March 31, 2026. The company demonstrated a significant increase in total income, while also moving forward with corporate restructuring and managing related party transactions across various business segments.The Board of Directors noted that the company’s primary engagement is in the trading, marketing, processing, import, export, and sale of agricultural and non-agricultural commodities, food products, and Fast-Moving Consumer Goods (FMCG). The Management Discussion and Analysis reported a positive outlook...

Aptus Pharma Ltd Approves Multi-Crore Fund Raising for Business Expansion Aptus Pharma Limited has approved a proposal to raise funds up to 51 Crores for the expansion of its business operations. The decision was made by the Board of Directors during a meeting held on June 12, 2026.The fund raising aims to support the company's growth and expansion activities. The aggregate amount sanctioned includes allocations through preferential allotment, debt financing, and internal accruals.Fund Raising Structure DetailsThe approved funding structure is detailed as follows:Funding SourceMaximum Amount Approved (INR)Preferential Allotment of Securities35,00,00,000Debt Finance / Borrowings10,00,00,000Internal Accruals6,00,00,000...

Prakash Chand Bokaria Appointed as Executive and Additional Director at Ishaan Infrastructures and Shelters Ltd Ishaaan Infrastructures and Shelters Ltd has appointed Mr. Prakash Chand Bokaria as an Additional Director, who is also designated as the Executive Director of the company. The appointment was finalized following a Board meeting held on June 12, 2026.Mr. Bokaria’s profile includes rich experience, sound business acumen, and a strong understanding of corporate and regulatory matters. His diverse expertise and strategic outlook are expected to contribute significant value to the Board's discussions and decision-making process, supporting the Company’s sustainable growth and effective governance.Key details regarding the new...

Shivamshree Businesses Ltd Board Decides to Withdraw Preferential Allotment and Reschedules 43rd AGM Shivamshree Businesses Limited announced several key decisions following its meeting of the Board of Directors held on Friday, June 12, 2026. The Board unanimously approved the cancellation of a proposed equity issue, adopted annual reports, and formally rescheduled the company's upcoming Annual General Meeting (AGM).During the board meeting, the directors reviewed and sanctioned the comprehensive Board’s Report, along with all associated statutory documents for the Financial Year ended March 31, 2026. These approved materials include the Management Discussion and Analysis Report, the Secretarial Audit Report, and the Corporate...

Fabtech Cleanrooms Reports Strong Order Book Update with Over ₹354 Crore Secured Orders Fabtech Technologies Cleanrooms Ltd has provided a comprehensive business update for May 2026, highlighting significant order intake and maintaining a substantial consolidated order book as it continues strategic growth across key industrial sectors.During the month ending May 2026, the company secured consolidated orders worth ₹153.05 crore. These new orders were driven primarily by high-growth industries, with the Renewable Energy sector contributing ₹67.48 crore and the Pharma sector accounting for ₹61.17 crore. Orders in Data Centres totaled ₹22.65 crore, while miscellaneous commercial and FMCG segments contributed ₹1.75 crore.The financial...

ICRA Ltd Schedules Investor and Analyst Meetings ICRA Ltd has released the schedule for several upcoming meetings with institutional investors and financial analysts, detailing specific dates, modes, and participants. The meetings are structured as one-to-one discussions with various firms.The scheduled engagements span June 15, 2026, and June 17, 2026, involving both virtual and in-person sessions across different cities.A summary of the planned investor and analyst meetings is provided below:DateInvestors/AnalystsMode/LocationType of MeetingJune 15, 2026Banyan Tree AdvisorsHybrid; In-Person Location: BengaluruOne-to-OneJune 15, 2026Dalmia Group HoldingsVirtualOne-to-OneJune 15, 2026Eternity Capital...

Consecutive Commodities Ltd Changes Registered Office Within Kolkata Limits Consecutive Commodities Ltd, formerly known as Consecutive Investments & Trading Company Limited, has approved a change in its registered office. The decision was made by the Board of Directors during a meeting held on June 12, 2026.The company's board reviewed and sanctioned the relocation of its registered office, effective June 12, 2026. The Board meeting took place at the Corporate Office of the Company in Ahmedabad.Under this decision, the company is moving from its previous registered office located at 23, Ganesh Chandra Avenue, 3rd Floor, West Bengal - 700 001. The new registered address within local limits of the city will be 16/1A, 6th Floor, FL-6G...

Esha Media Research Announces 43rd AGM with Focus on Director Regularization and Borrowing Limits Esha Media Research Limited has announced details for its 43rd Annual General Meeting (AGM), scheduled for Tuesday, July 7, 2026. The meeting will be conducted through Video Conferencing (VC) or other Audio-Visual Means (OAVM). The agenda includes the approval of audited financial statements and significant resolutions concerning the appointment of statutory auditors and multiple director regularizations.The AGM is slated to transact ordinary business such as considering and adopting the financial statements for the fiscal year ended March 31, 2026. A key operational update is the proposal to appoint M/s S.K. Patodia & Associates LLP...

Indus Infra Trust Opens Institutional Placement of Units, Sets Floor Price at ₹125.09 per Unit Indus Infra Trust has commenced the institutional placement of its units following resolutions passed by its governing bodies. The commencement of this Issue was authorized by the Fund Raise Committee of GR Highways Investment Manager Private Limited (the Investment Manager) on June 12, 2026.The core details of the unit issuance were confirmed after the relevant date was fixed for the placement. The Fund Raise Committee determined that the floor price for the institutional placement would be ₹125.09 per Unit.The preliminary placement document and associated application forms for the Issue were adopted by the committee on June 12, 2026...

Trading of AVI Polymers Ltd Stock Temporarily Suspended; Company Confirms No Adverse Impact on Operations AVI Polymers Ltd has confirmed that trading in its equity shares remains temporarily suspended, while stating that the company's business operations are continuing normally. The management assured stakeholders that the suspension is procedural and does not affect the company’s financial standing or ongoing commitments.The company provided an update regarding the matter of stock trading following submissions made to the Bombay Stock Exchange (BSE). The BSE is currently reviewing the application seeking the revocation of the trading suspension for AVI Polymers Ltd.Management stated that they are actively addressing all...

Balgopal Commercial Ltd Subsidiary Signs Supplemental Development Agreement for Mumbai Redevelopment Project Balgopal Commercial Limited (BCL) has seen its subsidiary, Dreamax Realtors (formerly M/s Lotus Realtors), enter into a Supplemental Development Agreement (SDA) with Oshiwara Gokul Co-Operative Housing Society Limited. The agreement pertains to the comprehensive redevelopment of the Society's land in Mumbai.The partnership firm, which is a subsidiary of BCL, will undertake the entire redevelopment project for the housing society. This SDA serves to revise and update a prior registered Development Agreement that was first dated June 15, 2011.The project involves the land situated at Oshiwara Gokul CHSL., Adarsh Nagar, New Link...

Nilachal Carbo Metalicks Ltd Director Resigns Due to Personal and Professional Commitments Nilachal Carbo Metalicks Ltd has announced the resignation of Mr. Lala Tarun Prakash Narayan from the post of Independent Director of the company. The resignation was effective from June 11, 2026.Mr. Narayan submitted his resignation citing personal and professional commitments as the reason for leaving the role. He confirmed that there were no other material reasons for his departure besides these stated commitments.The key details regarding the resignation of Mr. Narayan are summarized below:ParticularsDetailDirector ResigningLala Tarun Prakash Narayan (DIN: 10397955)PositionIndependent DirectorCessation DateJune 11, 2026...

Novartis India Stock Offer Update: NIL Shares Tendered as of June 12, 2026 Novartis India Limited is undergoing an open offer managed by multiple entities for the acquisition of a significant portion of its equity shares. The combined group of acquirers includes WaveRise Investments Limited, ChrysCapital Fund X (a scheme of ChrysCapital Trust I), and Two Infinity Partners. The acquiring consortium also features PAC 1 (ChrysCapital X, LLC) and PAC 2 (OceanEdge Investments Limited).The open offer is focused on the acquisition of up to 64,19,608 fully paidup equity shares of Novartis India Limited. These shares represent 26% of the Voting Share Capital of the company and have a face value of INR 5 each.A disclosure regarding the tender...

Indobell Insulations Secures Export Order Worth USD 82,170 from GE Vernova Operations Indobell Insulations Limited has secured an export contract for Steam Turbine Insulation - Blanket Thermal, valued at USD 82,170. The order was awarded by GE Vernova Operations LLC in the United States.The international order pertains to the supply of Steam Turbine Insulation Blanket Thermal. In terms of commercial execution, the contracted goods will be delivered under the FCA Supplier Factory Incoterm. The payment terms stipulated for the contract are Net 150 Monthly, with the currency set at USD.The contract specifies an execution timeline, setting the required completion date as October 8, 2027.Key details regarding the order include...

Mukka Proteins Files Application for In-Principle Approval for Preferential Issue of Convertible Warrants Mukka Proteins Limited has submitted an application seeking in-principle approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding a proposed preferential issue of convertible warrants. The company is issuing up to 2,00,00,000 (Two Crore) Convertible Warrants at an issue price of Rs. 23.50/- per Warrant, aggregating up to Rs. 47,00,00,000/-.The preferential issuance is subject to receiving necessary approvals, including In-Principle Approval from the Stock Exchanges, and approval from the company's shareholders and other applicable regulatory bodies.Details of Proposed Preferential...

India Achieves Elite Status as DRDO Successfully Demonstrates Next-Gen Missile Defence Capabilities Defence Research and Development Organisation (DRDO) has made a significant stride in bolstering national security, successfully demonstrating multiple crucial technologies against advanced enemy threats. These tests solidify the nation's growing proficiency in multi-layered defence systems.Multi-Layered Ballistic Missile Defence Successfully Demonstrated Three consecutive flight tests were conducted on June 10 and 11, 2026, focusing on sophisticated missile defense capabilities. DRDO successfully demonstrated a system capable of intercepting long range ballistic missiles. The testing confirms the effectiveness of the indigenous systems...