Markets

Home First Finance Company Announces Key Changes in Audit Appointment and Board Composition Home First Finance Company India Ltd has finalized significant governance transitions following its Annual General Meeting, including the appointment of new joint statutory auditors, the re-appointment of a Non-Executive Independent Director, and the cessation of two directors.Statutory Auditor AppointedThe company approved the appointment of M/s. Batliboi & Purohit, Chartered Accountants (Firm Registration number: 101048W), as its Joint Statutory Auditors. This appointment is set for a period of three consecutive years, running from the conclusion of the 17th Annual General Meeting until the conclusion of the 20th AGM in 2029.M/s. Batliboi...

India's Tourism Sector Surges: Infrastructure Push Propels Global Rank Ascent and Economic Milestone India’s tourism sector is rapidly evolving from a traditional travel industry into a powerful catalyst for national economic growth, cultural exchange, and grassroots prosperity. The past decade has seen a massive transformation, driven by dedicated policy initiatives that are making the country not just a destination, but a global economic powerhouse. This sustained momentum positions India to achieve ambitious global rankings in the coming years.Economic Performance and Global Positioning The sheer scale of tourism engagement demonstrates its critical role in national development. From 2014 to 2025, India recorded 181.25 million...

Promoter Holding Increases as B Sriramulu Acquires Shares in KG Denim Ltd On June 24, 2026, the promoter holding structure of KG Denim Ltd saw a noted change following an inter-se transfer between promoters. The transaction involved the acquisition of shares by B Sriramulu, impacting his individual stake while maintaining the stability of the company's total capital and promoter group concentration.The acquisition was conducted off market. Prior to this transaction, B Sriramulu held 3,458,659 Equity shares carrying voting rights, representing 13.49% of the company. This holding subsequently increased following the share purchase.Acquisition SummaryMetricPre-Acquisition Holding (B Sriramulu)Post-Acquisition Holding (B Sriramulu)...

Ministerial Push: Nitin Gadkari Demands World-Class Quality and Monsoon Readiness for National Highways Across Telangana, J&K & Ladakh Union Minister for Road Transport and Highways, Shri Nitin Gadkari, held specialized review meetings yesterday to scrutinize the quality, maintenance, and ongoing progress of key National Highway projects in several crucial regions. The comprehensive reviews focused on 4,931 km of highways in Telangana, 2,035 km within the Union Territory of Jammu & Kashmir, and 804 km covering Ladakh.The Minister's assessment was conducted following feedback received from various sources, including social media platforms, media reports, officials from MoRTH, NHAI, NHIDCL, and project contractors. These assessments...

Promoter Group Members Complete Inter-Se Transfer of Shares in G R Infraprojects Ltd The promoter group of G R Infraprojects Limited has undertaken an inter-se transfer of shares as part of a realignment among family members, according to details disclosed regarding changes in shareholding on June 24, 2026. The transaction involved the disposal by Shakuntala Devi Gupta and the acquisition by Purshottam Agarwal and Harish Kumar Agarwal.The movement of shares was documented with both parties acquiring positions within the promoter group structure.The key details of the inter-se transfer are summarized below:Transaction AspectShareholder(s)Shares TransferredPercentage of Total Voting CapitalDisposalShakuntala Devi Gupta...

Mr. Hari Har Mishra Appointed as Government Nominee Director on The New India Assurance Company Ltd. Board The New India Assurance Company Ltd. has appointed Mr. Hari Har Mishra as a Government Nominee Director on its board, effective June 25, 2026. This appointment follows a notification by the Ministry of Finance dated May 13, 2026.Mr. Hari Har Mishra brings extensive experience in financial services to the role. He is identified as an officer from the 1998 batch of the Indian Defence Accounts Service (IDAS). Currently, he serves as Additional Secretary in the Department of Financial Services at the Ministry of Finance.Regarding the company structure, Mr. Mishra is not related to any other Director serving on The New India...

Standard Engineering Technology Acquires Up to 51% Stake in GScale Energy to Enter AI Datacenter Market Standard Engineering Technology Ltd (SETL), formerly known as Standard Glass Lining Technology Limited, has approved the acquisition of up to 51% equity stake in M/s. GScale Energy Private Limited. The strategic move marks SETL’s expansion into the rapidly growing Artificial Intelligence (AI) datacenter engineering infrastructure sector.The acquisition is set to establish a significant presence for SETL within the global AI market, providing immediate access to GScale's specialized domain expertise and proven operational track record. The venture will create a dual-platform engineering company, allowing SETL to continue serving the...

Menon Pistons Ltd Clarifies Share Price Movement Amid Exchange Inquiry Menon Pistons Ltd has responded to an inquiry from the stock exchange concerning recent fluctuations in its share price. The company stated that it has fulfilled all necessary disclosure obligations consistent with prevailing regulations.The company affirmed that there is no material or price sensitive information pending disclosure that would influence the share price or volume activity of the scrip. In addressing the movement, Menon Pistons Ltd noted that the recent changes may be attributable to market conditions.Menon Pistons Limited maintained that it has consistently adhered to all regulatory requirements and expressed its commitment to maintaining...

Mr. Srinivasan Ravi Sells Shares in Craftsman Automation Limited, Reducing Stakeholdings Mr. Srinivasan Ravi has sold a portion of his equity stake in Craftsman Automation Ltd, reducing his holding after conducting the open market sale on June 23, 2026. The transaction saw the promoter dispose of 5,25,000 shares, bringing down his shareholding.Mr. Srinivasan Ravi holds a Promoter status in Craftsman Automation Limited. Before the disposition, he held 1,05,00,000 shares, representing 40.15% of the total voting capital of the company.The details of Mr. Ravi's shareholding and the executed transaction are summarized below:MetricPre-Sale Holding (Before June 23, 2026)Transaction DetailsPost-Sale Holding (After June 23, 2026)...

RGFamily Trust Launches Open Offer to Acquire 26% Stake in Fabino Enterprises Ltd. Fabino Enterprises Limited is undergoing an open offer for the acquisition of equity shares by RGFamily Trust, which holds Acquirer No 1. This move aims to acquire 546,000 fully paid up equity shares representing 26.00% of the company’s equity share capital. The offer has been announced in adherence to regulations regarding Substantial Acquisition of Shares and Takeovers (SAST).The offer proposes a price of ₹20 per share, which is being paid in cash as per Regulation 9(1)(a) of the SEBI (SAST) regulations. A Committee of Independent Directors (IDC) of Fabino Enterprises Limited recommended the offer price of ₹20 on June 24, 2026, noting that it was fair...

Titan Biotech Ltd. Announces Lost Share Certificates Claimed by Shareholders Titan Biotech Ltd. has issued an intimation regarding the loss of share certificates belonging to a shareholder, detailing the necessary steps for any interested parties to claim their rights. The company's announcement specifies that these shares were previously transferred to the Investor Education and Protection Fund (IEPF) and are currently being claimed.The details concerning the lost certificate(s) were received from the Registrar and Share Transfer Agent (RTA), Beetal Financial & Computer Services Pvt. Ltd., as part of this process.Key details regarding the lost shares are presented below:NameCertificate Nos.Distinctive Nos.No. of SharesDhiren...

JSW Green Mobility Invests in Lithium Urban to Accelerate EV Fleet and Charging Infrastructure Expansion JSW Green Mobility has made a strategic investment into Lithium Urban Technologies, marking a significant move to bolster the future of electric mobility within India. This partnership is set to fuel the next phase of growth for Lithium, focusing heavily on expanding its electric vehicle (EV) fleet and enhancing its robust charging network capabilities.Lithium Urban operates as an integrated enterprise mobility platform, offering critical solutions spanning EV fleets, advanced charging infrastructure, fleet intelligence systems, and centralized operational command. The transaction details remain undisclosed, but the strategic...

Bitcoin Rebounds Amid Selloff: BlackRock Dumps Massive Holdings as Macro Fears Surge on $61K Rally Bitcoin, a leading figure in volatile digital assets, has demonstrated resilience after facing significant global market pressure. After briefly dipping below the $59,300 mark in early June 25 trading, BTC managed to recover some losses, settling at $61,500.63. This rebound comes amidst intense market sell-off and growing apprehension regarding broader economic indicators.The underlying forces driving volatility are multifaceted, linking crypto price action directly to global finance trends. The U.S. Dollar Index (DXY) saw a surge reaching a 13-month high, placing pressure on Bitcoin given the typical inverse relationship between the two...

Geopolitical Easing Propels Outlook: RBI Member Suggests India Could Surge Past 7% Growth if Oil Holds Near $70 Barrel Nagesh Kumar, an external member of the Reserve Bank of India's monetary policy committee (MPC), has offered a robust forecast for the Indian economy, suggesting growth could surpass 7% this year. This optimistic view is fundamentally linked to a calming of geopolitical tensions in the Middle East.The reassessment sharply contrasts with earlier RBI projections, which had downgraded annual growth estimates through March 2027 to 6.6%. Kumar stated that subsequent peace developments in US-Iran talks have significantly mitigated concerns regarding oil supplies transiting through the Strait of Hormuz.India's heavy...

Steamhouse India Completes Near Rs 50 Crore Pre-IPO Funding Deal, Signaling Strong Confidence Ahead of Public Offering Industrial steam utility provider Steamhouse India Ltd has secured substantial pre-IPO funding, solidifying its financial footing ahead of its planned public listing. The company successfully raised nearly ₹50 crore through a private placement round, attracting major investment from funds backed by Madhusudhan Kela and Niveshaay Sambhav Fund.The funding injection comes as the company prepares for an Initial Public Offering (IPO), bolstering its strategic expansion plans across critical industrial zones. This move underlines increasing investor confidence in the essential infrastructure services provided by Steamhouse...

Suzlon Crosses 1 GW Partnership with Tata Power Following New 400 MW EPC Order Suzlon Energy Limited has crossed a significant partnership milestone with Tata Power Renewables (TPREL) after securing a new 400 MW wind energy project through its DevCo-led business model. This contract brings the cumulative partnership across four states to over 1 GW, reinforcing Suzlon's position in India's renewable energy sector.The repeat order is set to be executed in Anantapur district of Andhra Pradesh and represents a key segment of Suzlon’s rapidly growing operational footprint. By securing this project, Suzlon has advanced its "Suzlon 2.0 vision" through integrated development and execution capabilities.Key Details of the New ProjectThe new...

Duncan Engineering Ltd Receives Order from Bharat Petroleum for Refinery Expansion Project Duncan Engineering Limited has secured a supply order from Bharat Petroleum Corporation Limited, a Government of India undertaking, for its 'Bina Petchem and Refinery Expansion Project'. The contract involves supplying specialized components for the project.The order was awarded to Duncan Engineering on June 24, 2026. The components specified in the order include On-Off Floating Ball Valves, Trunnion Ball Valves, and Triple Offset Butterfly Valves.Bharat Petroleum Corporation Ltd., a domestic entity, issued the supply order totaling an estimated value of Rs. 5.54 Crore, exclusive of GST.The transaction details highlight several key aspects...

Board Meeting Scheduled to Discuss Voluntary Delisting of Valley Magnesite Company Ltd from Calcutta Stock Exchange Valley Magnesite Company Ltd has scheduled a meeting of its Board of Directors to consider the voluntary delisting of the company from the Calcutta Stock Exchange.The board meeting is set for Monday, June 29, 2026. The primary agenda item for the gathering is the discussion regarding the delisting of Valley Magnesite Company from the Calcutta Stock Exchange.In line with the company’s Code of Conduct to regulate, Monitor and Report Trading by Insiders, the trading window has been closed effective immediately and will remain shut until July 1, 2026.The company released this information in reference to its shareholders...

Silver ETFs Plunge Amid Metal Correction as Gold Drops, While Equity Markets Hold Steady Precious Metals Face Sharp Decline as Bullion Prices Slip Globally Gold and silver exchange-traded funds (ETFs) experienced a marked correction in morning trade on June 25, tracking significant weakness across domestic and global bullion markets. The decline was pronounced among precious metals investors, with Silver ETFs facing the steepest losses of the day. Gold ETFs also registered notable drops as market sentiment shifted against non-yielding assets.Silver ETFs were particularly vulnerable to the ongoing metal correction, with some funds declining by nearly 4 percent. This movement mirrors a sharp pullback in silver futures trading...

Auto Stocks Surge Amid Easing Crude Prices as Global Geopolitical Tensions Ease Auto and auto ancillary stocks witnessed a robust rally on Thursday, with prices climbing up to 4 percent. The significant surge was largely driven by falling crude oil prices, which uplifted investor sentiment across the sector. This favorable market movement saw the Nifty Auto index emerge as the top sectoral gainer of the session.Sector Rally and Index Performance The Nifty Auto index rose sharply by up to 2 percent during trading, successfully snapping a previous two-day decline that had previously stood at 1.19 percent. The rally underscored renewed optimism in the automotive sector. Fourteen out of the 15 constituents traded higher within the Nifty...