Markets

HDFC Bank Allots 5,18,036 Equity Shares Pursuant to Employees Stock Options SchemeHDFC Bank Ltd has completed the allotment of equity shares to employees following the exercise of Options and Restricted Stock Units (RSUs) under its Employees Stock Options Scheme (ESOS).The allocation includes 5,18,036 equity shares, granted to the bank's employees. This transaction represents the fulfillment of the ESOS provisions, thereby increasing the Bank's paid-up share capital.Following this allotment, the Paid-up Share Capital of HDFC Bank Ltd is updated from 15,40,08,09,456 equity shares of Re. 1/- each to 15,40,13,27,492 equity shares of Re. 1/- each.The change in share capital details are as follows:MetricBefore AllotmentAfter...

Adani Green Energy Holds 11th Annual General Meeting Via Video Conferencing Adani Green Energy Limited successfully conducted its 11th Annual General Meeting (AGM) on Thursday, June 25, 2026. The meeting was held via Video Conferencing (VC) or Other Audio Video Means (OAVM).The AGM commenced at 10:00 a.m. and concluded an hour and fifty-nine minutes later at 10:59 a.m.Prior to the meeting, the company had made provisions for e-voting, enabling members to cast their votes on resolutions ranging from Sunday, June 21, 2026 (9:00 a.m.) until Wednesday, June 24, 2026 (5:00 p.m.). The company also ensured that shareholders present at the AGM through VC or OAVM who had not yet voted were provided with an opportunity to cast their vote...

Finkurve Financial Services Ltd Approves Rs 50 Crore NCD Issue and Names Key Senior Management Personnel Finkurve Financial Services Ltd has announced key outcomes from its Board meeting held on June 25, 2026. The company approved a plan to raise funds through the issue of Non-Convertible Debentures (NCDs) and appointed senior personnel to bolster its risk management and compliance functions.The board meeting considered and sanctioned the issuance of NCDs, amounting up to Rs 50,00,00,000/-, via a private placement through an Electronic Bidding Platform. This funding initiative is set for listing on BSE Limited.Details of Non-Convertible Debenture (NCD) Issue The debentures are rated as Senior and Secured. The offering involves 5,000...

Groww Launches BSE Housing Finance ETF: Passive Play Targets Real Estate Growth and Stability Groww Asset Management Limited (GAML) has successfully introduced the Groww BSE Housing Finance ETF, an open-ended Exchange Traded Fund (ETF). This instrument is specifically designed for investors seeking exposure to the housing finance sector by tracking the performance of the BSE Housing Finance Index - TRI. The launch positions GAML as a key player in providing specialized sectoral funds that cater to the growing demand for real estate and financial security products.The ETF's fundamental objective is clear: to generate long-term capital growth by mirroring the total returns of the specified benchmark index. By adopting a passive...

ICSA Appoints New Statutory and Secretarial Auditors; Changes Registered Office ICSA (India) Ltd. announced that its Board of Directors has appointed new statutory and secretarial auditors, ratified during a meeting held on June 25, 2026. The board meeting also approved the change of the company's registered office and authorized specific directors to sign necessary legal documents.The appointments were made following consideration by the Audit Committee. M/s Bhargavi Priya and Associates and T Durga Pallavi have been appointed for key auditing roles at ICSA (India) Ltd. These roles are subject to approval by shareholders at the upcoming Annual General Meeting (AGM).Auditor Appointments and Company Updates The company's board...

Small Fire at Vishal Fabrics Factory in Ahmedabad; Operations Restored Immediately A small fire incident occurred at the factory of Vishal Fabrics Ltd in Narol Road, Ahmedabad, on June 23, 2026. The incident, which took place around 11:00 A.M., was caused by a spark in a plug and was quickly controlled.No injuries or casualties were reported as a result of the fire. Operations at the factory faced no disruption, with normal functioning fully restored on the same day after the fire was brought under control within a couple of hours.The company is currently evaluating the extent of damage caused by the incident. According to details provided regarding the loss, Vishal Fabrics Ltd believes there will be no material financial impact...

Bandhan Mutual Fund Launches Contra Equity Scheme: A Deep Dive into Contrarian Strategy and Investment Mandate Bandhan Mutual Fund has officially launched a new open-ended equity scheme, Bandhan Contra Fund. This fund is specifically designed for investors seeking long-term capital appreciation through an active, contrarian investment strategy. The launch marks a significant entry into the specialized area of value and counter-cyclical investing in the Indian market.The scheme falls under the Equity Scheme Sub-Category - Contra Fund, emphasizing that its core mission is not to chase broad market rallies but to capitalize on mispricing and adverse market conditions. This positioning aligns with the broader trend toward nuanced...

Bank Nifty Surges Past 58,600 as Heavyweight Stocks Drive Rally and Breach Key Resistance The banking sector showed robust strength on June 25, with the Bank Nifty index extending its gains by nearly one percent. Driven by significant buying interest in major lenders like ICICI Bank, SBI, HDFC Bank, and Kotak Mahindra Bank, the gauge climbed to an intraday high of 58,666.95.The index traded at 58,661.35 by 12:10 pm, registering a gain of 0.88 percent. This performance kept the banking sector among the market’s best performers as the benchmark Nifty 50 gained 0.96 percent to reach 24,251.15.Decisively Crossing the Crucial Resistance Zone The Bank Nifty has now decisively breached the critical 58,500 resistance level that had been...

Aviation Safety Surge: India Launches AIR SUVIDHA 2.0 to Combat Global Ebola Outbreak at Entry Points Response to PHEIC: Ministry of Civil Aviation Deploys New Health Declaration Portal The Ministry of Civil Aviation and Delhi International Airport Limited (DIAL) have jointly launched AIR SUVIDHA 2.0, a critical upgrade to the contactless Passenger Health Self-Declaration Portal. This initiative aims to significantly strengthen public health surveillance mechanisms across all Points of Entry (PoEs) within India. The launch follows the alarming declaration by WHO regarding the Ebola/Bundibugyo virus disease outbreak in the Democratic Republic of the Congo and Uganda.This mandatory portal ensures that international arriving passengers...

Tata Teleservices Launches #RozBanateHainNayaKal Campaign to Celebrate MSME Contribution to India's Growth Tata Tele Business Services (TTBS) has launched the nationwide campaign #RozBanateHainNayaKal to celebrate the millions of micro, small and medium enterprises (MSMEs) whose efforts are central to shaping India's future. The initiative was introduced as part of the celebrations for MSME Day 2026.The campaign aims to shine a spotlight on often unsung enterprises that drive national growth across various sectors and communities. TTBS recognized that while MSMEs contribute significantly to economic activity, creating livelihoods, and fostering innovation, they also navigate numerous challenges related to compliance, working capital...

Innovation Surge! MoSPI Partners with GRAAM to Empower Fellows in India Governance Reform Ministry of Statistics and Programme Implementation (MoSPI) has initiated a significant step towards strengthening public sector capacity by signing a Statement of Intent (SoI) with Grassroots Research And Advocacy Movement (GRAAM). This collaborative agreement formalizes the engagement of two selected fellows under the Embark India Development Fellowship Proposal. The partnership is set to bridge rigorous academic research with real-world governance challenges within the ministry.Strategic Partnership For Governance Innovation The SoI signing ceremony brought together key leadership from both institutions. Present were Shri P. R. Meshram...

Avience Biomedicals Stock Soars to Upper Circuit on Debut, Listing at 90% Premium Over IPO Price Avience Biomedicals made a blockbuster market debut on Thursday after hitting the upper circuit limit, trading significantly higher than its issue price. The Noida-based diagnostics solutions provider surged immediately following its listing on the NSE Emerge platform.The company's stock was listed at ₹414.95, reaching the upper circuit limit soon after the initial listing. This dramatic performance reflected a substantial gain of 90 percent from the IPO price of ₹208 per share.Details of The High-Performing Debut The Initial Public Offering (IPO) for Avience Biomedicals had garnered immense investor interest. It was subscribed to an...

UPL Ltd Announces Annual General Meeting and Sets Record Date for Final Dividend Payout UPL Limited has announced the schedule for its 42nd Annual General Meeting (AGM) and set the record date for determining entitlement to a final dividend for the financial year ended March 31, 2026.The company’s AGM is scheduled to take place on Thursday, August 6, 2026, at 01:30 p.m. (IST). The meeting will be conducted through Video Conferencing or other Audio-Visual Means.In a previous announcement, the Board of Directors had recommended a final dividend of 300%, equating to Rs. 6/- per equity share, against the face value of the equity shares being Rs. 2/- each. This dividend is subject to approval by members at the upcoming AGM.To determine...

Tech Mahindra Announces AGM Details, Sets E-Voting Timelines for FY2025-26 Tech Mahindra Limited has finalized the notice of its Thirty-Ninth Annual General Meeting (AGM) and confirmed the availability of integrated e-voting facilities for its members. The company also made available the Integrated Annual Report for the financial year 2025-26.The company confirmed the dispatch of the Notice of the 39th AGM along with the Integrated Annual Report. Members can access both the notice and the annual report through the company's website and various depository websites.AGM and Voting ScheduleTech Mahindra’s members can participate in a series of voting activities leading up to the general body meeting, which is scheduled for Friday...

Mercury Ev-Tech Limited has inaugurated its Signature Showroom located at Vadodara-Mumbai National Highway No-48, near Karjan Toll plaza in Vadodara, Gujarat. The opening ceremony marks a significant milestone for the company's brand presence and operations.The event was attended by key representatives from Mercury Ev-Tech Limited. Among those present were Shri Jayesh Thakkar, Chairman & Managing Director, and Mrs Artiben Thakkar, Promoter of the Company.The inauguration ceremony also drew several notable guests. Attendees included Pujya Shri Vrajkumarji Maharajshri, Gadipati Shri Vallabhacharyaji Peeth, Vrajdham and Founder of VYO. The event was graced by Dr Hemang Joshi, Honourable Member of Parliament from Vadodara, along with...

Kalpataru Projects Completes Divestment of Entire Stake in Kohima-Mariani Transmission Limited Kalpataru Projects International Ltd. has successfully completed the sale and transfer of its remaining equity shareholding in Kohima-Mariani Transmission Limited (KMTL) to Apraava Energy Private Limited, bringing the divestment process to a close.The company confirmed that it had sold approximately 48% of the stake in KMTL to Apraava previously. The balance ~26% of the total equity shareholding was subsequently transferred following requisite approvals and consistent with the transmission service agreement.Kalpataru Projects completed the sale of this remaining portion on June 24, 2026. This transaction means that Kalpataru Projects...

NPPA Issues Demand Notice to GlaxoSmithKline Pharmaceuticals Over Alleged Price Violations GlaxoSmithKline Pharmaceuticals Ltd has received a Demand Notice from the National Pharmaceutical Pricing Authority (NPPA) concerning alleged overcharging in the sale of scheduled formulations. The company was issued the notice on June 24, 2026.The NPPA's action relates to the allegation that the company charged prices higher than those fixed or notified by the Government or NPPA during the relevant period for its scheduled formulations.A formal Demand Notice dated June 24, 2026, was issued by the National Pharmaceutical Pricing Authority. The total demand set against GlaxoSmithKline Pharmaceuticals Ltd is Rs 3,54,12,025/-. This amount...

HEG Ltd Schedules Board Meeting to Approve Q1 Financials; Imposes Trading Window Closure HEG Ltd has announced key corporate updates, including the date for its upcoming Board of Directors meeting and restrictions concerning the trading window for Designated Persons ahead of the release of quarterly results.The company’s next meeting of the Board of Directors is scheduled for Wednesday, July 22, 2026. The board will review and approve the Un-audited Financial Results, which encompass both Standalone and Consolidated figures for the quarter ending June 30, 2026.In line with insider trading regulations, HEG Ltd has set a specific period of restricted trading for its Designated Persons and their immediate relatives. The trading window...

Oriental Hotels Clarifies Market Movement Amid Stock Price Inquiry Oriental Hotels Ltd has addressed concerns regarding significant movement in its scrip price, confirming that all material information impacting the company's operations or performance has been shared with exchanges.The clarification addresses inquiries seeking details about the stock's price behavior. Oriental Hotels confirmed that all events and data pertaining to the company’s operation and performance, which are price sensitive, have been provided to the relevant exchanges. This affirmation ensures the necessary timely communication of material facts related to the business.The company stated that while it is aware of the market reactions, neither does Oriental...

TVS iQube Reaches One Million Units Rolled Out, Highlighting India's EV Transformation Bengaluru, June 25, 2026: TVS Motor Company, a global manufacturer of two and three-wheelers under the TVS VENU umbrella, announced the rollout of the one millionth TVS iQube from its manufacturing facility in Hosur. This milestone marks a significant phase in India's electric mobility journey, underscoring the nation's progress toward sustainable and self-reliant mobility solutions.As electricity-powered transport becomes a key driver for sustainable growth and energy transition in India, TVS Motor has actively contributed to shaping the category. The iQube was designed, engineered, and manufactured in India, reflecting TVS Motor’s focus on...