Markets

PURE SPIRITSSLIMITED Acquires 5.22% Stake in Purshottam Investofin Limited PURE SPIRITSSLIMITED has acquired a stake in Purshottam Investofin Limited, representing 5.22 percent of the paid-up equity share capital of the target company. The acquisition was conducted through the open market.The acquiring entity, PURE SPIRITSSLIMITED, successfully purchased 3,87,353 shares in Purshottam Investofin Limited. These shares were acquired at a price of INR 10/- each.Prior to this transaction, PURE SPIRITSSLIMITED held zero shares in Purshottam Investofin Limited, demonstrating that the acquisition constituted a new investment by the company into the target entity. Following the successful purchase, PURE SPIRITSSLIMITED now holds 3,87,353...

Jalpaiguri Holdings Sells Shares in Longview Tea Company Ltd, Reducing Holding Jalpaiguri Holdings Pvt.Ltd has sold a portion of its shares in Longview Tea Company Ltd, reducing its stake following an offmarket sale of equity shares on June 23, 2026. The transaction involves the sale of shares held by Jalpaiguri Holdings, which is identified as a Promoter Group entity in both capacities.According to the details of the disposal, before the acquisition, Jalpaiguri Holdings Pvt.Ltd held 165,200 shares in Longview Tea Company Ltd. This pre-acquisition holding represented 5.51% of the total share/voting capital of the company. The sale involved a transfer of 96,500 shares, which constituted 3.22% of the total diluted share.Following this...

SEBI Demands ₹6.37 Lakhs from Trader Over Trading Activities in DU Digital Global Stock Regulatory Action Against Trader Following Stock Market Activity The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Girish Kantilal Parmar regarding trading activities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. The notice, dated June 25, 2026, mandates payment of a substantial amount toward penalties and recovery costs related to past market transactions.SEBI has directed Mr. Parmar, identified by PAN AUDPP6127A, to remit the total outstanding amount of ₹6,37,000/- within fifteen days of receiving the notice. This sum includes the penalty imposed along with...

SEBI Issues High-Value Demand Notice Against Individual Over DU Digital Trading Activities The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Dhaval Girishbhai Parmar regarding alleged irregular trading activities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. The notice, dated 25/06/2026, outlines the significant dues owed to the regulator from Mr. Parmar for non-compliance related to these trading activities.Details of SEBI’s Demand Notice The notice specifies that a total sum of ₹6,37,000/- is due to SEBI. This amount encompasses the penalty imposed by the Quasi-Judicial Authority, accrued interest, and associated recovery costs.A detailed...

Major Financial Showdown: SEBI Issues Notice of Demand to Trader over DU Digital Technologies Stock Trading Activities The Securities and Exchange Board of India (SEBI) has issued a stern Notice of Demand regarding the trading activities of Jigneshkumar Purshottamdas Patel concerning the scrip of DU Digital Technologies Limited, now DU Digital Global Limited. This action comes as part of SEBI’s ongoing enforcement proceedings against entities involved in suspicious market activity related to the company’s stock.The notice specifies a total outstanding liability amount demanded from Mr. Patel. The demand is issued under Rule 2 of the Second Schedule to the Income-Tax Act, 1961, read with Section 28A of the SEBI Act, 1992.Breakdown of...

Nifty 50 and Bank Nifty Rally: Experts Eye Major Breakout Above 24,200 and 58,800 Market sentiment is decisively bullish as technical indicators strengthen across key benchmarks. Both the Nifty 50 and Bank Nifty have registered sharp upward movements, suggesting a sustained rally in the near term. The index action benefits from subdued international oil prices and favorable readings from the India VIX, paving the way for potential upper-hand moves.Yesterday’s trading session saw significant momentum. The Nifty 50 surged by 198 points, closing at 24,022, marking a gain of 0.83 percent. The sector heavyweight, Bank Nifty, showed even stronger conviction, jumping 967 points and reaching 58,150, or 1.69 percent. Market breadth slightly...

SK Hynix and Samsung Shares Surge as Micron's AI Chip Demand Fuels Massive Semiconductor Rally Semiconductor Sector Witnesses Major Surge Driven by AI Confidence South Korean semiconductor shares rallied sharply on Thursday following positive news from U.S. memory chipmaker Micron Technology. The market reacted enthusiastically to Micron's quarterly results and strong future outlook, which underscored sustained demand for chips vital to the Artificial Intelligence (AI) sector.Shares of SK Hynix and Samsung Electronics saw significant gains in early trading. Both companies rallied, with SK Hynix rising as much as 11.6% and Samsung Electronics jumping 6.2%. These movements mirrored a broader uptrend observed across U.S. chip stocks...

Crude Oil Plunges Amid Geopolitical Easing; Gold Slips Below $4,000 as Dollar Surge Dampens Demand Global Commodity Markets Face Headwinds as Tensions Ease Commodity markets traded predominantly lower on June 25th. The selling pressure was driven by multiple factors, including easing geopolitical tensions in the Middle East and a strengthened U.S. dollar. These developments have placed downward pressure across major energy and precious metals categories.Crude oil prices continued their decline, moving closer to pre-conflict levels. Reports indicated that stranded tankers resumed movement through the Strait of Hormuz. This resumption followed an initial accord aimed at concluding the ongoing U.S.-Israeli conflict with Iran. Such news...

Gold Stalls Near $4,000 as Resurgent US Dollar and Hawkish Fed Outlook Temper Precious Metal Surge Gold prices have leveled off near the $4,000 mark, signaling a significant shift after falling below key thresholds for the first time since November. This stabilization comes amid headwinds from a strengthening U.S. dollar and mounting concerns over prospective interest rate hikes.Bullion remained relatively steady despite a nearly 3% decline in the previous session. The recent trend reflects heightened pressure on precious metals, which are priced in dollars, making them more expensive for buyers in other currencies. This trend is mirrored by silver, which also stabilized after falling almost 7% on Wednesday, dropping below $60 an...

Velox Shipping Acquires 63% Stake in Divinus Express Logistics to Expand Market Operations Velox Shipping and Logistics Ltd., formerly Velox Industries Limited, has entered a strategic investment agreement for the acquisition of a stake in Divinus Express Logistics Private Limited. This move is aimed at expanding operational capacity and strengthening Velox's overall market position within the logistics sector.The company has commenced the transaction by acquiring 63% of the equity value of Divinus Express Logistics Private Limited (Divinus). The cash consideration for this initial stake was set at INR 5 Crore.Velox Shipping and Logistics Ltd., which operates in the logistics industry, views the investment as a strategic initiative...

Baron Infotech Ltd. Explains Delays in Financial Filings Amid Corporate Insolvency Resolution Process Baron Infotech Limited has provided an update regarding the preparation and filing of its financial results for the period ended March 31, 2026, citing complications arising from the ongoing Corporate Insolvency Resolution Process (CIRP). The company stated that the delay in submitting these financials is neither intentional nor willful but is directly attributable to judicial intervention under the Insolvency and Bankruptcy Code (IBC), 2016.Baron Infotech Limited is currently undergoing CIRP before the National Company Law Tribunal (NCLT) Hyderabad Bench. The process has encountered significant procedural complexities, including an...

Shivam Autotech Ltd Agrees to Hold Board Meeting to Discuss Rights Issue Fundraising Shivam Autotech Ltd has scheduled a meeting of its Board of Directors to consider a proposal for raising funds through a rights issue. The board meeting is set for Wednesday, July 01, 2026.The primary focus of the meeting will be the proposal for fund raising via the offer and issuance of fully paid up equity shares. This fundraising mechanism involves offering shares through a rights issue to eligible equity shareholders or any other method deemed appropriate under current regulations and applicable laws.The agenda items related to the funding initiative include the approval of associated matters. These are necessary steps such as constituting a...

Zydus Wellness incorporates new subsidiary, Zydus Wellness Trading L.L.C., in Dubai Zydus Wellness has successfully incorporated a wholly owned subsidiary through its UAE entity, Zydus Wellness International DMCC (ZWID). The new entity, named Zydus Wellness Trading L.L.C. (ZWTL), was established in Dubai, UAE on June 24, 2026.The incorporation marks a move towards business expansion for the company, and ZWTL operates within the Food and Nutrition, Nutraceuticals, and Personal Care industry. The Certificate of Incorporation for ZWTL was received by the Company on the same day, June 24, 2026.ZWID holds a 100% stake in ZWTL. Since ZWTL is a newly incorporated company, the transaction is not considered a related party transaction...

Suvidhaa Infoserve Ltd to Hold Board Meeting to Discuss Fund-Raising Options Suvidhaa Infoserve Limited has scheduled a meeting of its Board of Directors to review and approve various potential fund-raising options for the company. The Board meeting is set to take place on Tuesday, June 30, 2026. The specific details regarding these proposals will be provided in the outcome of the meeting.In operational updates, the company also addressed its trading restrictions. The current trading window for Suvidhaa Infoserve securities has been closed since June 24, 2026. Furthermore, the trading window is scheduled to remain closed for a period of 48 hours following the declaration of the Unaudited Standalone and Consolidated Financial Results...

Shree Cement Limited: Tax Demand Reinstated Following Appellate Authority Decision Shree Cement Limited has received an order from the Additional Commissioner (Appeals), SGST, Patna regarding its tax dispute. The appellate authority dismissed an appeal against a previous demand order issued by the Deputy Commissioner, State Tax, Patna, for technical reasons. This decision resulted in the reinstatement of the tax demand, along with corresponding interest and penalty.The notice specified that the violation alleged concerned valuation issues and excess Input Tax Credit (ITC) availed. The company stated that the appeal was initially filed against a demand order which ultimately saw the reinstatement of the amount due to technicalities...

Bhagyanagar India Ltd to Hold Board Meeting on June 30, 2026, to Consider Fund Raising Options Bhagyanagar India Ltd has scheduled a meeting of its Board of Directors for June 30, 2026. The board is set to consider proposals related to raising funds through various securities instruments.The meeting agenda includes discussing the option of raising capital by issuing equity shares, warrants, convertible securities, or other permissible securities. These fundraising efforts may utilize one or more methods, including a qualified institutions placement, rights issue, private placement/preferential allotment, or a combination thereof, subject to applicable statutory and regulatory approvals.In addition to the board meeting, the company...

Govt's Massive Surge: Stake Sales via OFS Hit 11-Year High as Geopolitical Tensions Drive PSU Divestment Government Drives Record Fundraising Through PSU Offer-For-Sale Route The government has dramatically increased its fundraising efforts through the sale of stakes in listed Public Sector Undertakings (PSUs) using the offer-for-sale (OFS) route. This initiative has seen substantial traction, raising approximately ₹25,491 crore so far this year from selling interests in eight PSU companies.This current fundraising spree marks a significant escalation compared to previous cycles. It is considerably higher than the ₹35,291 crore raised back in 2015 by stake sales across five listed entities. The OFS route has emerged as a critical...

Financial Supercharge: Bharti Airtel Rated BBB+ Amid Mega Deals and Key Market Movements Corporate Upgrades and Strategic Partnerships Drive Stock Focus Bharti Airtel received a significant boost today after S&P Global Ratings upgraded its long-term issuer credit rating to BBB+, up from BBB. Furthermore, the agency enhanced the rating on the company's senior unsecured debt to BBB+ as well. This upgrade highlights growing confidence in the telecom giant's financial stability.S&P noted that higher earnings for Bharti Airtel are supported by increasing data consumption across high-growth markets, including India and Africa, which will aid in debt reduction efforts. The rating action places the company among financially stable players in...

UTI Asset Management Recommends Final Dividend of ₹40 Per Equity Share for FY 2025-26 UTI Asset Management Company Limited has recommended a final dividend for the financial year 2025-26. The Board of Directors proposed a dividend of ₹40 per equity share, which represents 400% of the face value of the ₹10 equity shares. This recommendation was made during a board meeting held on April 23, 2026, and is subject to approval by members at the forthcoming Annual General Meeting.To determine the eligibility of shareholders for the proposed final dividend, UTI Asset Management Company Limited has set specific record dates and book closure periods.The key operational details related to the distribution are as follows:EventDate / Period...

APAC Asset Management set for Massive Surge: India Rises as Key Growth Engine in $34.5 Trillion Market The Asia-Pacific (APAC) region is on a dramatic trajectory for wealth management. Assets under management (AuM) across the entire area are projected to leap nearly 49% by 2030, reaching an estimated $34.5 trillion from $23.2 trillion in 2024. This projection positions APAC as the world's fastest-growing market for asset and wealth management.PwC's comprehensive report estimates that the industry will expand at a Compound Annual Growth Rate (CAGR) of 6.8% through 2030. This rate is set to outperform both North America, pegged at 6.2%, and Europe, forecasted at 5.6%. The expected growth is substantial, anticipated to unlock...