Markets

Shree Karni Fabcom Limited Approves Closure of Stitching Facility Unit Shree Karni Fabcom Limited has approved the closure of operations at its stitching facility, a decision reached during a Board meeting held on Wednesday, June 24, 2026. The move is part of efforts to optimize operational capabilities and enhance overall business profitability across the company.The management confirmed that the closing of the stitching division is scheduled for completion by the end of June, 2026. This strategic decision involves consolidating operations as the company focuses on improving its corporate efficiency and mitigating identified risks.The closure impacts the performance metrics associated with the unit in the previous financial year...

Accord Transformer & Switchgear Ltd Secures Domestic Order for Transformers valued at Rs 47 Lakhs Accord Transformer & Switchgear Ltd has received a domestic purchase order from Sunsure Energy Private Limited, securing a contract for the supply of transformers. The deal is significant as it involves providing key equipment for solar and Battery Energy Storage System (BESS) projects in Rajasthan.The agreement details the execution of commercial orders including 150 kVA and 500 kVA Aux Transformers destined for Solar Project/ BESS Projects in Mundsar, Rajasthan.Accord Transformer & Switchgear Limited confirmed that the order is domestic and does not involve related party transactions or any interest from promoter or promoter group...

Manoj Jewellers Ltd Approves Rights Issue of Equity Shares; Board Meeting Scheduled for July 1, 2026 Manoj Jewellers Ltd has approved a rights issue involving its equity shares, with the company scheduling a subsequent board meeting to finalize key terms of the offering. The resolution, passed by the Board of Directors, concerns the issuance of new equity shares to eligible existing shareholders.The Board decision approved the issue of equity shares having a face value of 310 each. The rights issue is set for an amount not exceeding 1,800 lakhs and is intended for the benefit of all eligible equity shareholders as determined on the record date, which will be notified later.In connection with the Rights Issue, the company has...

Order Received on Cenvat Credit Allegations: Penalty Reduced for Tata Teleservices (Maharashtra) Limited Tata Teleservices (Maharashtra) Limited has received an order from the Commissioner, CGST & Central Excise Commissionerate regarding allegations of irregular Cenvat Credit availment during specific financial years. The authority passed an order under Section 73 of the Finance Act, 1994, reducing the penalty amount levied against the company while imposing tax and interest as applicable.The order addressed alleged irregularities in the availing of Cenvat Credit committed over the financial years from 2009-10 to 2011-12. The matter involves a significant financial impact, primarily concerning the levy of tax, interest, and penalty...

Genus Power Infrastructures Clarifies Volume Surge Citing Market-Driven Conditions Genus Power Infrastructures Ltd. has issued a statement clarifying the significant increase in the volume of its securities on stock exchanges, attributing the movement entirely to prevailing market conditions.The company stated that it holds no control over and possesses no knowledge regarding the reasons behind the recent price or volume movement of its stocks.In addressing the volume trend, Genus Power Infrastructures confirmed that the increased trading activity is purely market-driven.GENUSPOWER Stock Price Movement Genus Power Infrastructures Limited closed today, gaining 0.94% on the day and settling at ₹348.95. The stock traded within an...

Containe Technologies Approves Rights Issue for Raising Funds Up To ₹2,100 Lakhs Containe Technologies Ltd has announced plans to raise funds through a rights issue of its equity shares. The decision was made by the company’s Board of Directors during a meeting held on June 24, 2026.The board considered and approved the issuance of equity shares of face value ₹10/- each via a rights issue. This fundraising initiative is intended to raise funds up to a maximum amount of ₹2,100 Lakhs. The issuance is targeted at eligible equity shareholders as on a record date, which will be determined later.The company stated that the detailed terms for the Rights Issue, including but not limited to the issue price, rights entitlement ratio, and...

AI Transformation: Ministry Launches National Workshop to Overhaul Rural India through Technology The Department of Rural Development, under the Ministry of Rural Development, is set to host a crucial National Workshop on "Leveraging AI in Rural Development." The event, scheduled for 25 June 2026 at Bharat Mandapam in New Delhi, aims to bridge advanced technological innovations with the essential grassroots developmental requirements of rural India.This high-level workshop serves as a dedicated platform designed to accelerate and guide rural transformation using Artificial Intelligence (AI). Key stakeholders invited include NITI Aayog, the IndiaAI Mission, technology startups, academia, and leading industry consultancies.Defining...

Containe Technologies Approves Rights Issue of Equity Shares up to ₹2,100 Lakhs Containe Technologies Ltd has approved a rights issue involving the issuance of equity shares to eligible shareholders. The decision was made by the Board of Directors on June 24, 2026.The company plans to raise funds through this Rights Issue, offering equity shares with a face value of ₹10/- each. The maximum amount sought through the rights issue does not exceed ₹ 2,100 lakhs.To finalize key aspects of the proposed issue, a meeting of the Board has been scheduled for July 01, 2026. This upcoming board meeting is designated to discuss and decide on several specific terms relating to the Rights Issue. These matters include determining the Rights Issue...

Vedanta Launches Dedicated Real Estate Platform to Monetize Assets and Fund Energy Expansion Vedanta Incorporates Subsidiary for Strategic Real Estate Foray Vedanta Limited has made a significant strategic move by incorporating a wholly-owned entity, Vedanta Property Platforms Ltd (VPPL). This dedicated subsidiary is designed to serve as the primary vehicle for all of Vedanta's real estate business interests moving forward. The incorporation filing was made in BSE, indicating that VPPL was officially established in Mumbai, Maharashtra, on June 22.This foray into the property sector is part of a broader restructuring strategy by the metals and energy giant. The objective is multi-fold: to effectively monetize surplus land and non-core...

RBI Mandates Banks To Align Foreign Exchange Risk Capital Charges with International Standards Reserve Bank Aligns Forex Risk Computation with Global Standards The Reserve Bank of India (RBI) has issued a notification mandating commercial banks to align their computation of capital charges for foreign exchange risk with international standards. This move underscores the central bank's commitment to consistent and rigorous financial oversight across all Regulated Entities (REs).Banks are now required to compute Net Open Position and maintain capital charges for foreign exchange risk at both a group or consolidated level, as well as at a solo or standalone level. The RBI stipulated that these calculations must be performed continuously...

C-DOT and IIT Hyderabad Forge Strategic Alliance to Accelerate India’s Race in 6G, Quantum, and AI Telecom Technologies The Centre for Development of Telematics (C-DOT), the premier telecom R&D centre under the Department of Telecommunications (DoT), has signed a pivotal Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IITH). This strategic partnership aims to dramatically advance research and innovation across next-generation communication technologies in India.As part of this collaboration, C-DOT is establishing a Centre of Excellence (CoE) at IIT Hyderabad. The CoE will serve as a dedicated hub for high-impact R&D, accelerating indigenous research and capacity building across advanced...

BLB Limited Board Approves Up to Rs 50 Crores in Loans and Fixes Date for 45th AGM BLB Limited, in a recent decision by its Board of Directors, approved provisions related to advancing loans and setting the date for the company's upcoming Annual General Meeting (AGM). The board meeting concluded with approvals covering financial commitments and the necessary materials for the AGM pertaining to the financial year 2025-26.The Board considered and sanctioned the advancement of loans, providing guarantees, or offering security in connection with any loan to a person or body corporate covered under Section 185 of the Companies Act, 2013. This commitment is limited to an aggregate amount not exceeding Rs 50.00 Crores. The approval for this...

SAIL Supplies 5,700 Tonnes of Special Steel for Navy Vessels, Bolstering India's Defence Indigenization Drive The Steel Authority of India Limited (SAIL) has secured a critical role in boosting India's maritime defense capabilities. Three SAIL facilities supplied the entire requirement of 5,700 tonnes of specialized defence-grade steel for three recently commissioned vessels of the Indian Navy. This move underscores SAIL's growing significance as a key contributor to national defence indigenisation efforts.The advanced warships benefitting from this supply include INS Dunagiri, the stealth frigate; INS Agray, an anti-submarine warfare shallow water craft; and INS Sanshodhak, a survey vessel (large). These vessels were formally...

Tech Stocks Surge as Nasdaq 100 Recovers from $1.3 Trillion Rally Fears US technology stocks demonstrated resilience on Wednesday, staging a significant rebound after concerns over the scale of the artificial-intelligence fueled rally had wiped nearly $1.3 trillion in market capitalization from Nasdaq 100 companies over two days. The broad movement saw the S&P 500 Index steady at a 0.4% gain, while the Nasdaq 100 climbed 0.5%, with the blue-chip Dow Jones Industrial Average remaining largely unchanged.Global Market Temperament and Tech Focus The day's performance highlighted the continuing strength of major US tech firms. The S&P 500’s strong showing was heavily influenced by Micron Technology Inc., which accounted for a significant...

Independent Director Resigns from Rallis India Ltd Amid Professional Commitments Rallis India Limited has announced the resignation of Mr. Mahesh Girdhar as a Non-Executive Independent Director of the company. The change is effective immediately, following his decision due to current and future professional commitments.Consequent to this departure, Mr. Girdhar also ceases to be a member of several key committees within Rallis India. These include the Audit Committee, the Corporate Social Responsibility Committee, and the Safety, Health, Environment and Sustainability Committee.The Board of Directors has recorded its sincere appreciation for the valuable contributions provided by Mr. Mahesh Girdhar during his tenure with Rallis India...

Sensex Soars Amid Strong Domestic Cues; FII Outflows Persist as DII Surge The Indian equity markets witnessed a strong recovery on June 24, with the benchmark indices gaining significantly. The rally saw positive momentum across both heavyweight and niche sectors, driven by domestic macroeconomic signals and favorable international developments.At the close of trading, the Sensex rose 790.54 points or 1.04 percent to reach 76,991.22. The Nifty index also gained 197.55 points, rising 0.83% to trade at 24,021.65.Institutional Investor Flows Dominate Trading Day The market day reflected diverging actions from Foreign and Domestic institutional investors. Provisionally reported data showed that Foreign Institutional Investors (FIIs)...

Gold Plummets Amid Dollar Surge: Silver Drops in Delhi as Global Markets Face Liquidity Squeeze Precious Metal Prices Slip as US Dollar Gains Strength Gold prices declined significantly on Wednesday in the national capital, reflecting downward momentum across precious metals. The market saw a drop of Rs 1,200, bringing the price of 99.9 per cent pure gold to Rs 1,48,100 per 10 grams, down from Tuesday's closing rate of Rs 1,49,300.Meanwhile, silver continued its descent for the second consecutive day, falling by Rs 4,000. The metal settled at Rs 2,31,000 per kilogram (inclusive of all taxes), following a previous session where it had plummeted by Rs 10,500 to settle at Rs 2,35,000 per kg.Global Gold and Silver Decline amid Dollar...

Viji Finance Approves Key Director Appointments and Expands Operations Through New Branch Openings Viji Finance Limited announced significant decisions made by its Board of Directors during a meeting held on Wednesday, June 24, 2026. The company approved key appointments to strengthen its leadership structure and greenlit the opening of multiple new branch offices across India as part of its business expansion strategy.The Board meeting considered and ratified several appointments concerning the company's directorships. Mrs. Sejal Riddhesh Shah (DIN: 11269204) was approved for appointment as an Additional Director in the category of 'Non-Executive Non-Independent Director.' This appointment is effective from June 24, 2026, pending...

Gold Plummets Below $4,000 as Resurgent Dollar and Hawkish Fed Halt Multi-Year Bull Rally Gold has fallen below the critical $4,000 mark for the first time since November, signaling a halt to its prolonged multi-year bull market. Precious metal prices slipped sharply as much as 2.9%, settling at $3,999.90 an ounce in a second consecutive session of decline. The retreat comes after the commodity enjoyed double-digit gains over each of the last three years, attracting significant investment from central banks and retail investors alike.Factors Driving Gold's Retreat Below Key Support Levels The precious metal experienced a sharp reversal following its run out of steam late in January. After touching an all-time high near $5,600 an...

Brent Crude Plummets on Oil Flow Optimism; Prices Hit Multi-Month Low as Hormuz Tension Eases Brent crude prices plunged significantly below $75 a barrel on Wednesday, registering their lowest levels since before the start of the Iran war. This sharp decline was driven by emerging signs that increased tanker traffic is expected to move through the Strait of Hormuz.Brent futures were reported down $3.32 or 4.3%, settling at $73.76 a barrel by 1327 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) slipped by $3.02 or 4.13% to $70.19.Market Reaches Multi-Month Lows Brent touched a low of $73.60, marking its weakest point since February 27, the day preceding U.S.-Israeli strikes against Iran. WTI also saw a significant dip, falling as...