Markets

MTF Book Surges 65% to Rs 1.27 Lakh Crore as Retail Investors Amplify Leveraged Bets in Equity Market India’s margin trading facility (MTF) book registered a powerful surge in May 2026, climbing 65% year-on-year to reach Rs 1.27 lakh crore. This dramatic growth reflects a sustained appetite among retail investors for leveraged equity positions and increased participation in the market, according to a CareEdge report.The MTF segment also showed strong sequential improvement, rising by 11% in May compared to the modest 1.6% growth recorded in April. This rebound signals improving overall market sentiment after a 6% decline noted during March, aligning with expectations of stabilized West Asia conflict and robust activity in the cash...

Cyber Security Incident Hits Subsidiary of Route Mobile Limited; Systems in Colombia Affected Route Mobile Limited has reported a cyber security incident affecting Masivian S.A.S., a wholly owned subsidiary of the company. The incident impacted specific systems within the Masivian environment located in South America, primarily those linked to customers and systems based in Colombia.The affected systems have been isolated, and containment measures have already been implemented following the discovery of the security breach at Masivian S.A.S.Masivian S.A.S., along with specialized cybersecurity experts, initiated necessary precautions and protocols upon detecting the incident. The company confirmed that the cyber security incident is...

Sterlite Technologies Launches Qualified Institutional Placement with Equity Shares Priced at ₹613.69 per Share Sterlite Technologies Limited has initiated the offering of equity shares through a qualified institutional placement (QIP). The company finalized the floor price and details of the Issue following approvals from its Board and shareholders.The Authorized and Allotment Committee, during its meeting on June 24, 2026, approved the commencement of the Issue. This move comes after the Company's board of directors approved the matter in a meeting held on April 29, 2026, and following a special resolution passed by shareholders via postal ballot on June 16, 2026.The preliminary placement document dated June 24, 2026, is now...

OnMobile Global Limited Reappoints Radhika Venugopal as Whole-time Director and CFO OnMobile Global Limited has approved the reappointment of Radhika Venugopal as a Whole-time Director and Chief Financial Officer (CFO). The appointment was made by the Board of Directors during its meeting on June 24, 2026.The company determined the reappointment following recommendations from its Nomination and Compensation Committee. Ms. Venugopal is set to serve in this capacity for a term extending from March 27, 2027, to March 26, 2030, subject to shareholder approval at the ensuing Annual General Meeting.Radhika Venugopal holds a strong professional background, having been an integral part of OnMobile Global Limited for over ten years. She...

S&P Global Ratings Upgrades Bharti Airtel To BBB+ Citing High Growth in Africa and India, Balance Sheet Discipline S&P Global Ratings has upgraded its long-term issuer credit rating for Bharti Airtel Ltd., assigning a rating of BBB+/Stable. The upgrade comes alongside a rating increase on the senior unsecured debt issued by the company. S&P's report highlights that growing data consumption in high-growth markets across India and Africa, combined with strong balance sheet discipline, are the primary drivers behind this rating action.The ratings changes announced by S&P Global Ratings reflect positive trends in both the domestic Indian telecom market and the international operations of Bharti Airtel. The stable outlook provided reflects...

Home First Finance Reports FY26 Performance: AUM Reaches ₹1,58,777 Mn as Focus Remains on Affordable Housing Growth Home First Finance Company India Limited (HFFCIL) presented a comprehensive overview of its operations and financial performance during the 17th Annual General Meeting held on June 24, 2026. The presentation highlighted the company's commitment to technology-driven affordable housing finance across India, detailing robust growth in loan disbursements and maintaining a diversified funding profile.Operational Scale and Market Penetration As of March 2026, Home First Finance maintained Assets Under Management (AUM) at ₹1,58,777 Million. The company is described as a technology-driven affordable housing finance provider with...

Jubilant Foodworks subsidiary secures EUR 112.5 million refinancing facility Jubilant FoodWorks Limited has been informed of a major financial transaction involving its wholly owned subsidiary, Jubilant FoodWorks Netherlands B.V., which has successfully entered into a new facility agreement.The facility agreement, dated June 24, 2026, aggregates to EUR 112,500,000. This financing is designated for refinancing an existing facility related to the acquisition of a stake in DP Eurasia B.V., covering the period from 2021 to 2024.In connection with this refinancing, Jubilant FoodWorks Limited provided a letter of support. The Company confirmed that this letter of support does not entail any recourse or financial obligation whatsoever on...

Tata Steel Acquires Equity Stake in T Steel Holdings Pte. Ltd, Increasing Investment Capacity Tata Steel Limited announced the acquisition of a significant equity stake in its subsidiary, T Steel Holdings Pte. Ltd (TSHP), on June 24, 2026. This acquisition involved purchasing 199,07,40,741 equity shares in TSHP, totaling USD 172 million, which corresponds to ₹1,625.29 crore.The investment aims at enhancing the company’s commitment to TSHP, confirming that the entity remains a wholly owned subsidiary of Tata Steel Limited following this transaction.This latest move is part of an ongoing strategic infusion process into TSHP. Previously, the Board of Directors of Tata Steel Limited had approved the injection of additional funds up to...

Chambal Breweries & Distilleries Approves Q1 Financial Results for Period Ending May 31, 2026 Chambal Breweries & Distilleries Ltd announced that its Board of Directors reviewed and approved the Audited Financial Results for the first quarter (Q1) of the fiscal year. The results cover the period starting from April 1, 2026, to May 31, 2026.The meeting was held on June 24, 2026, and included consideration of the Audited Financial Results along with the Statutory Audit Report pertaining to the aforementioned period.Q1 Financial Performance Overview The company's financial statements for the quarter were reviewed by the Board. The results provided a summary of key financial metrics for the period ending May 31, 2026.Key components...

Trading Window for Anzen India Energy Yield Plus Trust Securities Closes as of July 1, 2026 The trading window for securities of Anzen India Energy Yield Plus Trust has been closed effective from July 1, 2026, due to policy concerning Unpublished Price Sensitive Information (UPSI).As mandated by the company's dealing policies, the suspension of the trading window is set to last until a specific event related to the financial year ending June 30, 2026. The window is scheduled to reopen 48 hours following the public announcement of Anzen’s financial results and the declaration of any distribution payable to Unitholders.This mandatory closure ensures adherence to internal policies governing the dealing in Anzen securities during...

Senior Management Resignation: Head of Accounts & Finance Steps Down from Indo Count Industries Limited Indo Count Industries Limited announced that Mr. Bijay Agarwal, designated as a senior management personnel and holding the position of Head - Accounts & Finance, has resigned from his role at the company.Mr. Agarwal tendered his resignation on June 24, 2026, citing personal reasons for the decision to leave ICIL. He is slated to be relieved from his duties upon the closure of business hours on September 22, 2026.In response to family requirements, Mr. Agarwal requested the resignation and committed to serving the necessary notice period. He also pledged to provide thorough hand-holding support to his successor during the...

Vikas Lifecare Reports Quarterly Earnings; Consolidated Results Show Net Profit of ₹1,836.19 Lakhs Vikas Lifecare Limited (formerly known as Vikas Multicorp Limited) has reported its audited consolidated financial results for the quarter ended March 31, 2026. The company registered a net profit for the period of ₹1,836.19 lakh, demonstrating operational profitability amidst several strategic transactions and market events.The Consolidated Annual Financial Results show a significant increase in Total Income during the quarter compared to the previous year’s equivalent period. Revenue from Operations stood at 49,936.33 lakh for the quarter ended March 31, 2026, compared to 48,002.24 lakh in the corresponding period of the prior fiscal...

Major Stake Exits Rock Market: Alpha Wave Offloads Delhivery; Pine Labs Breaks Out Amid Investment Inflow Venture capital movements dominated the markets as major stakeholders executed significant stake sales across key technology and logistics players. Alpha Wave Ventures LP completed the entire exit of its stake in Delhivery, while Actis offloaded a substantial portion of its holding in fintech unicorn Pine Labs on June 24.Institutional Exodus: Alpha Wave Exits Delhivery; Actis Offloads Pine Labs Stake Alpha Wave Ventures conducted two transactions totaling the sale of 1.44 crore shares (a 1.93 percent stake) of Delhivery. These sales totaled ₹664.7 crore, with shares sold at Rs 460.36 and Rs 460.03 per share respectively.Despite...

Elpro International Acquires Equity in Greaves Cotton Limited Amid Strategic Investment Elpro International Ltd has acquired equity shares of Greaves Cotton Limited, marking an investment in the engineering sector. The acquisition was completed using cash consideration.The purchase involved the acquisition of 2,31,215 Equity Shares in Greaves Cotton Limited (GCL). The cost incurred for this transaction amounted to INR 5.00 Crores per share. Elpro International stated that there is no interest or relationship between the companies that would classify the acquisition as a related party transaction.Greaves Cotton Limited is an established engineering firm, boasting a legacy of 165 years. It operates within the Compressors, Pumps &...

Sharika Enterprises Ltd Approves Dual Capital Raising Through Preferential Allotment of Equity Shares and Warrants Sharika Enterprises Ltd announced that its Board of Directors approved a multi-pronged capital raising initiative, involving the issue of equity shares and share warrants through preferential allotment. The decisions were ratified during a Board meeting held on June 23, 2026.The company plans to raise funds by issuing up to 151,49,079 Equity Shares to various Non-Promoter Investors (NP). These shares, which have a face value of Rs. 5/- each, will be issued at an Issue Price of Rs. 14.33 per share. The allotment is projected to generate an aggregate consideration of up to Rs. 21,70,86,305 (Rupees Twenty One Crore Seventy...

India-UK Trade Talks Set to Define Future as Ministers Finalize CETA Implementation Roadmap Commerce and Industry Minister Piyush Goyal is scheduled to undertake a high-level visit to London this week for crucial discussions with UK officials regarding the implementation of the comprehensive economic and trade agreement (CETA). The talks are set against the backdrop of CETA, which is due to come into force on July 15.The official statement confirmed that Mr. Goyal will hold a series of bilateral meetings during his visit, focusing intensively on aligning regulatory roadmaps between the two nations. Key agenda items include streamlining cross-border customs coordination and finalizing administrative mechanisms necessary for smooth...

Meme Stock Frenzy Sparks 42% Surge in Wendy's Shares After Social Media Rally The fast-food stalwart Wendy’s Co. has experienced explosive volatility, surging by up to 42% on Wednesday after being targeted by a viral social media campaign. This rally was driven purely by retail investors and meme traders, marking the biggest jump for the stock since March 2020. Shares were halted amidst the massive gain before slightly correcting during the trading day.The Social Media Catalyst Driving the Rally The significant movement in Wendy’s shares was triggered not by a corporate announcement but by sentiment spreading through financial social media platforms. A post on Reddit's WallStreetBets, which later disappeared, rallied members to "save...

Atmastco Completes Preferential Allotment, Raises Total Fund of ₹55 Crore Atmastco Limited successfully completed a preferential allotment, securing a total fund raise of ₹55,83,87,200/- through the issuance of equity shares and convertible warrants. The allotment was approved by the company's Board of Directors on June 24, 2026.The company allotted a total of 14,23,600 Equity Shares and 22,50,000 Convertible Equity Warrants. Both securities were offered at an issue price of ₹152/- per share or warrant, which includes a premium of Rs. 142.Details of Equity Share Allotment The allotment of Equity Shares saw the receipt of 100% of the issue price, aggregating to ₹21,63,87,200/. The shares were distributed among 16 non-promoter/public...

Gold Prices Plunge as Rate Hike Fears Drive Renewed Outflows from ETFs Spot gold prices have slipped below the critical $4,000 per ounce psychological mark for the first time since November 2025. This retreat comes amid a firmer U.S. dollar and growing market expectations that interest rates will remain elevated for an extended period. The movement highlights the sensitivity of bullion-backed exchange-traded funds to global monetary policy shifts.ETF Flows Face headwinds Amid Monetary Tightening Bets Gold ETFs are currently seeing sustained selling pressure, according to World Gold Council data, which recorded net outflows of 16 metric tons in May. While some funds registered their strongest weekly net inflows since mid-April last...

NSE’s Valuation Soars as Market Regulator Filings Signal Historic IPO Plans India's Billion-Dollar Businesses:NSE Leads Top List of Unlisted Companies in 2025 The National Stock Exchange (NSE) has maintained its position at the pinnacle of unlisted entities, achieving a valuation of Rs 4.86 lakh crore, according to the latest 2025 Burgundy Private Hurun India 500 report. This ranking highlights the immense underlying strength and market dominance within Indian corporate infrastructure.The comprehensive report, jointly released by Burgundy Private, Axis Bank’s Private Banking Business, and Hurun India, ranks the country's top 500 non-state-run companies. It emphasizes that consumer, fintech, and renewable energy sectors are...