Markets

Infosys Partners with Sentara to Scale AI Adoption and Enhance Efficiency in Healthcare Infosys Ltd has announced a strategic collaboration with Sentara, a leading not-for-profit healthcare organization, aimed at building a scalable foundation for AI-driven transformation within healthcare services. The partnership seeks to enhance enterprise efficiency, support clinical staff, and improve the experiences of both patients and members through responsible AI implementation across hospital systems.As part of its commitment to an AI-first approach, Infosys will leverage its proprietary technology, the Infosys Topaz Fabric. This purpose-built agentic services suite is designed to unify infrastructure, models, data, applications, and...

KEI Industries Taps Rashmika Mandanna as Brand Ambassador, Kicks Off New Marketing Push KEI Industries Limited, a leading manufacturer of Wires and Cables, announced the appointment of celebrated actor and youth icon Rashmika Mandanna as its new Brand Ambassador. This strategic association marks a significant step in the company's brand journey, aiming to strengthen customer engagement and enhance visibility across key markets.The partnership is set for a period of two years. The move aligns with KEI Industries’ commitment to excellence and consumer-centricity, leveraging Mandanna’s widespread appeal and versatility to reinforce the company's brand positioning.KEI Industries Limited is one of India's premier manufacturers in this...

Avantel Limited Reports Completion of Independent Director Tenure Avantel Limited has announced that Mr. Myneni Narayana Rao, an Independent Director, has concluded his tenure with the company. The director ceased his role effective from the close of business hours on June 24, 2026, upon completing his second consecutive term as an Independent Director.The Board of Directors of Avantel Limited expressed deep appreciation for Mr. Myneni Narayana Rao’s valuable guidance, support, and contributions during his tenure with the organization.Mr. Rao's cessation from the post was due to the completion of his mandated term and was not a result of resignation or any other circumstance.Key details regarding the completion of the Independent...

Vertoz Limited Files Fourth Patent Application Focusing on Machine Learning in Digital Advertising Vertoz Limited has advanced its intellectual property portfolio by filing its fourth patent application in India on June 24, 2026. This filing underscores the company's commitment to innovation and strengthening its technological foundation within the digital advertising ecosystem.The patent application is titled "SYSTEM AND METHOD FOR DEMAND PLATFORM OPTIMIZATION (DPO) USING MACHINE LEARNING-BASED DSP PREDICTION, RANKING, AND REAL-TIME SLOT ALLOTMENT."This proposed invention leverages machine learning to intelligently determine which advertising partners are most likely to respond to a specific ad opportunity before any request is...

GUJGASLTD transforms into GUJENERGY as Gujarat Gas Limited changes name and symbol Gujarat Gas Limited is undergoing a corporate restructuring, announcing significant changes to its name and stock market symbol. The transition of the company's identity is set to be effective starting July 01, 2026.The change involves updating both the trading symbol and the full legal name of the entity. As detailed in the update, the existing name and associated details are being replaced by new designations.The key changes include:Existing Name: Gujarat Gas Limited New Name: GUJARAT ENERGY LIMITED Existing Symbol: GUJGASLTD New Symbol: GUJENERGYThese updates will be effective from July 01, 2026, marking the formal shift in branding and...

Apsis Aerocom Approves Half-Year and Full Financial Year Results; Details of IPO Funds Utilization Released Apsis Aerocom Limited announced the approval of its Audited Financial Results for the half year and full financial year ended March 31, 2026. The Board of Directors approved these results during a meeting held on May 28, 2026.The company’s performance across both periods was reviewed by the Audit Committee before being formally ratified by the board. Independent auditors, YCRJ & Associates, issued an unmodified opinion on the Financial Results, which were prepared in accordance with applicable Accounting Standards and general accounting practices accepted in India.Key Financial Performance Highlights (in Lakhs) The company...

Rite Zone Chemcon Approves Rs 5 Crore Credit Facility and Internal Auditor Appointment Rite Zone Chemcon India Limited’s Board of Directors took several key decisions during a meeting held on June 24, 2026. The Board approved the availing of credit facilities from HDFC Bank Limited and formally appointed an internal auditor for the financial year 2026-27.The company approved securing aggregate credit facilities up to Rs 5 Crores from HDFC Bank Limited. Associated with this approval is the authorization to execute all necessary documents related to the facility.In a governance decision, the Board also approved the appointment of M/s. Mohan Tandon & Company as the Internal Auditor for Rite Zone Chemcon India Limited for the financial...

Saboo Sodium Chloro Receives In-Principle Approval from BSE for Rs 47.57 Crore Rights Issue Saboo Sodium Chloro Limited has received in-principle approval from the Bombay Stock Exchange (BSE) regarding its proposed rights issue of partly paid-up equity shares. The approval relates to a potential issue size of Rs 47.57 Crores.The BSE provided the in-principle approval for the Rights Issue, confirming permission for the company to use the exchange's name in the relevant documentation. This approval was granted following the scrutiny of the letter of offer by the Stock Exchange for its internal purposes.The details of the approval and the financial scope of the issue are summarized below:ParticularsDetailsAuthority granting...

Oberoi Realty Confirms Gurugram Project Status as Land Acquisition is Completed Oberoi Realty Ltd provided details regarding its real estate venture in Gurugram, confirming a land acquisition and clarifying the status of the project's regulatory milestones. The company intends to develop a luxury residential group housing project on the acquired land in the National Capital Region (NCR).The development initiative began with an Agreement for Sale executed in November 2023. Oberoi Realty secured the land through this agreement, which was structured with Ireo Residences. Upon execution of the contract, the company took possession of the property.This transaction marked the firm’s entry into the NCR market, and Oberoi Realty has since...

Jubilant Generics Secures Tax Relief: Income Tax Department reduces adjustments by over 60% in AY 2023-24 Jubilant Pharmova Ltd.'s wholly owned step down Indian subsidiary, Jubilant Generics Limited (JGL), has received a favorable order from the Income Tax department concerning income assessed for Assessment Year (AY) 2023-24. The rectification application filed by JGL resulted in significant reductions to previously assessed tax adjustments.The rectification granted by the Income Tax Department drastically reduced the total tax adjustments imposed on the company. Initial adjustments stood at Rs. 107.89 crs, which were subsequently revised down to Rs. 42.41 crs.This legal development provided JGL with relief from the relevant...

Clean Science and Technology Subscribes to Shares in Wholly Owned Subsidiary, Clean Fino-Chem Limited Clean Science and Technology Limited (CSTL) has subscribed to an additional 8,36,121 Equity Shares of its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL). The investment was made via a subscription to the Rights Issue of CFCL, involving a total cash consideration of Rs. 50,00,00,358/-.The subscription involved issuing shares with a face value of Rs. 10/- each and at a premium of Rs. 588/- per share. These newly issued equity shares will rank pari passu with the existing equity shares of Clean Fino-Chem Limited.CFCL, which operates in the Speciality Chemicals industry, was incorporated on March 22, 2022, as a wholly owned...

India Ratings Assigns INDBBB-/RatingWatch to Veranda Learning Solutions Limited Bank Facilities Veranda Learning Solutions Limited (VLS) has received credit ratings from India Ratings and Research Pvt. Ltd. concerning its bank loan facilities. The rating action was communicated in the Credit Rating Letter dated June 22, 2026.India Ratings & Research Pvt. Ltd. assigned a specific rating to VLS's bank loan facilities. The assignment places the instrument at INDBBB-/RatingWatch with Developing Implications.The credit rating covers the company’s bank loan instruments. Details of the rated facility are as follows:Instrument TypeBankNameRating AssignedOutstanding/Rated Amount (INR million)Bank loan facilities-INDBBB-/RatingWatch...

Mangalam Global Enterprise Launches New Kiosk under "NEAT EVERYDAY" Brand in Ahmedabad Mangalam Global Enterprise Ltd has expanded its retail presence by inaugurating a new kiosk dedicated to its wellness brand, "NEAT EVERYDAY." The new establishment is located at Nexus Mall in Vastrapur, Ahmedabad, Gujarat, and was opened on June 24, 2026.The opening of this kiosk represents a key milestone in the company’s growth strategy within the wellness and beauty sector. In addition to its existing retail stores, the new location aims to strengthen the company's overall retail footprint.The NEAT EVERYDAY brand will be offered through the kiosk, which provides a curated portfolio of products covering nutraceutical, wellness, beauty, and...

Majestic Auto Ltd Chief Financial Officer Resigns Due to Personal Reasons Majestic Auto Ltd has announced the resignation of Mr. Ajay Kumar from his position as Chief Financial Officer (CFO). The company confirmed that Mr. Kumar resigned due to personal reasons and was officially relieved of his duties on June 24, 2026.The board of directors accepted Mr. Kumar’s resignation following its submission, marking the effective date of his cessation from the role.Details regarding the change in key managerial personnel have been provided, confirming that the CFO’s departure was prompted by personal reasons.Key details of the transition are summarized below:ParticularsDetailsName of Key Managerial PersonnelMr. Ajay Kumar...

Waaree Energies Limited Confirms Loss of Wholly Owned Subsidiary Following Deregistration Waaree Energies Limited has confirmed the status change regarding one of its overseas entities after a subsidiary was successfully deregistered in Australia. The company announced that Waaree Renewable Energies Australia PTY Limited ceased to be a wholly owned subsidiary of Waaree Energies Limited effective June 10, 2026.The deregistration was completed by the Australian Securities & Investments Commission. As a result of this change, details regarding the entity's financial performance were reported.The data provided indicates that Waaree Renewable Energies Australia PTY Limited was functioning as a dormant company during the previous...

Oberoi Realty secures Gurugram land for luxury residential project; RERA registration status provided Oberoi Realty Limited has established its presence in the NCR region by executing an agreement for sale concerning a parcel of land in Gurugram, Haryana. The transaction marks a key step toward the development of a luxury residential group housing project.The acquisition details were formalized via an Agreement for Sale executed with Ireo Residences. The company acquired the land, which measures 14.816 Acres or 59,956.20 square meters, in Gurugram.The consideration structure for this transaction involves event and time linked monetary payment of up to Rs. 597 Crore, supplemented by a certain area measurement of FAR...

RBI Strengthens Digital Security Net: Banks Must Now Compensate Customers for Small-Value Frauds Regulatory Shift Elevates Consumer Protections in Digital Transactions The Reserve Bank of India (RBI) has issued comprehensive Amendment Directions aimed at significantly strengthening consumer protection across all digital banking transactions. These amendments address the vulnerability of customers facing fraudulent electronic banking activities, marking a critical step in enhancing financial security nationwide. The final directions follow feedback processes initiated after initial draft recommendations were floated on March 6, 2026.The new regulations directly target weaknesses identified in the existing liability framework. A key...

Stock Exchanges Levy Fine on Viji Finance Ltd Over Board Composition Compliance Issue Viji Finance Ltd has paid fines imposed by both BSE and NSE concerning an alleged failure to meet requirements related to the composition of its Board of Directors, according to recent disclosures. The company stated that it remitted the amount to the stock exchanges under protest, reserving its right to appeal or seek a waiver.The financial penalty was levied by both exchanges in connection with alleged non-compliance pertaining to Regulation 17(1) regarding the minimum number of directors required for the Board of Directors among top listed entities.In response to the imposition, Viji Finance Ltd confirmed that it paid Rs. 1,35,700/- (inclusive...

Clarification Issued: Ducol Organics Addresses Reporting Discrepancies in Financial Results Filing Ducol Organics And Colours Limited has issued a clarification regarding certain deficiencies observed in its XBRL filing of financial results, confirming that the underlying audited financials remain unaffected by reporting unit errors. The clarifications address issues related to Paid-up Equity Share Capital and segment details.The company acknowledged that in both the Standalone and Consolidated XBRL filings, the Paid-up Equity Share Capital was inadvertently reported using absolute figures rather than lakhs. This discrepancy arose from a data mapping or unit selection error during the process of preparing the XBRL submission. Ducol...

Manoj Jewellers Ltd Approves Rights Issue, Appoints Sunil Shantilal as CFO Manoj Jewellers Ltd has announced significant outcomes from its Board of Directors meeting held on June 24, 2026. The board approved the raising of funds through a rights issue and appointed Mr. Sunil Shantilal as the company's Chief Financial Officer (CFO).The company’s management decided to raise capital by issuing equity shares via a rights issue, with each share having a face value of Rs 210. The total amount for which the equity shares will be issued is specified up to 1,800 Lakhs in relation to the board approval, while detailed disclosures show that the total amount proposed could reach up to 21,800 Lakhs.The terms and conditions related to the rights...