Markets

Adani Group Surges on Infrastructure Bets, Vowing to Fuel India's Global Sovereignty and Defining Growth Century Gautam Adani, Chairman of the Adani Group, asserted that infrastructure development and strategic intelligence are the two critical engines destined to define India's global strength and accelerate its ascent as a leading power in the coming decades. Addressing the 34th Annual General Meeting for the group, Adani emphasized that these dual priorities must be treated as inseparable necessities.He underscored the crucial role of infrastructure, noting it provides the fundamental national muscle required for progress. Simultaneously, intelligence supplies the strategic mastery needed to navigate a complex global landscape...

Goyal Associates Ltd Clarifies Stock Price Movement Citing Market Forces Goyal Associates Limited addressed concerns regarding significant movements in the price of its equity shares, clarifying that the stock's volatility is purely market driven and not linked to any pending material corporate events.The Company stated that there is no unreleased material information or announcement that could influence the price or volume behavior of its securities. The clarification sought by surveillance departments addresses the recent market movements related to the company’s stock.Goyal Associates confirmed that the movement in its shares is entirely dictated by market forces. The management expressed that they are unaware of any specific...

Radhadevi Premnarayan Maheshwari Disposes of 3.34% Stake in Disha Resources Limited through Share Gift A disposal of equity shares totaling 2,44,448 representing 3.34% of the paid up share capital of Disha Resources Limited has been reported by Radhadevi Premnarayan Maheshwari. The transaction was executed via an offmarket inter-se transfer through a gift.The shares were disposed of on March 19, 2026. Radhadevi Premnarayan Maheshwari is identified as the immediate relative of a promoter of Disha Resources Limited (the Target Company).Before completing the disposal, Radhadevi held 2,44,448 equity shares, which constituted 3.34% of the total voting capital of Disha Resources Limited. The transaction details indicate that the...

S&P Global Ratings Assigns BB- and BBB Ratings to Axis Bank's Global Medium Term Notes S&P Global Ratings has assigned credit ratings to specific debt issuances by Axis Bank Ltd.'s GIFT City Branch, conducted under the bank's Global Medium Term Note (GMTN) programme. The ratings cover both Additional Tier 1 (AT1) Notes and Senior Notes.The rating actions relate to two separate tranches of notes issued by Axis Bank Ltd. through its GIFT City Branch. S&P Global Ratings assigned a BB- rating to the AT1 Notes while assigning BBB status to the corresponding Senior Notes.Details regarding the rated instruments are summarized below:IssuerNote TypeNote ProgrammeRatingAmountInterest RateAxis Bank Ltd. (GIFT City Branch)Additional Tier...

DP Wires Jumps as Shares Rise Amid Amitabh Bachchan's Rs 1.64 Crore Stake Sale DP Wires shares registered a significant gain, rising up to 8 percent in intraday trading on Wednesday amid high volume, following the announcement that actor Amitabh Bachchan sold a portion of his stake in the steel wires and plastic pipes manufacturer. The stock continues its upward momentum, having gained for the last three consecutive trading sessions.Performance Surge Continues for DP Wires Stock The shares of DP Wires have shown consistent strength over recent sessions. Investors note that the company's stock has advanced by a strong 21 per cent throughout this period of sustained gains. The movement highlights renewed investor confidence in the...

Diamond Power Soars as Adani Group Unveils Massive Rs 2 Lakh Crore Capex Push in India's Power Sector Shares of Diamond Power Infrastructure Ltd (DPIL) saw a notable rise, gaining 2% on June 24. The rally follows the announcement by Adani Group chairman Gautam Adani regarding a substantial new capex programme in the power sector. DPIL stock traded at ₹ 205.98 apiece, responding to the news of increased demand from the conglomerate.Adani Power Pledges India's Largest Private Sector Capex ProgrammeGautam Adani confirmed that Adani Power is implementing "India’s largest ever private sector power capex programme," which totals over Rs 2 lakh crore. The company has set an ambitious target to reach a capacity of 45 GW within the next five...

Tech Mahindra CEO Salary Jumps 11% to ₹67.5 Crore as Company Navigates AI-Driven Workforce Shift Tech Mahindra Chief Executive Officer and Managing Director Mohit Joshi’s compensation saw a significant rise in the financial year 2025-26. According to the company's annual report, his total remuneration surged by 11.76 percent, reaching ₹67.55 crore (or £5.4 million). This increase marks a considerable progression from his FY26 salary of ₹52.1 crore last year.Breakdown of Mohit Joshi’s FY26 Remuneration Joshi's total remuneration package for the financial year 2025-26 is comprised of several components, including actual paid salary, performance incentives, and stock benefits. His annual pay included ₹17 crore in actual salary...

Promoter Acquires 3.34% Stake in Disha Resources Ltd Through Gift Transaction Disha Resources Limited has seen an increase in its promoter holding following the acquisition of shares by Mayadevi Krishnavtar Kabra, who is a promoter of the company. The transaction was executed through a gift from Ms. Radhadevi Premnarayan Maheshwari, an immediate relative, and was completed on June 19, 2026.The purchase involved the transfer of 2,44,448 equity shares, representing 3.34% of the paid-up share capital of Disha Resources Limited. This transaction occurred via an off-market inter se transfer.Before this acquisition, Mayadevi Krishnavtar Kabra held 6,78,000 shares, which constituted 9.27% of the company's total voting capital. Following...

Srividya Venkataraman Appointed Director - Finance at Hindustan Petroleum Corporation Limited Smt. Srividya Venkataraman has been appointed as the Director - Finance of Hindustan Petroleum Corporation Limited (HPCL). The appointment, which is effective immediately, comes following confirmation by the Ministry of Petroleum & Natural Gas and signifies a change in the company's board structure.Effective from June 24, 2026, Smt. Venkataraman has assumed the charge as Director - Finance at HPCL. Her tenure for this position is set for five years from her assumption date, or until her superannuation, or until further orders are issued, whichever occurs earliest.The appointment of Smt. Venkataraman concludes the additional charge of...

Arbitrage Surge! quant Mutual Fund Launches New Hybrid FoF to Capture Debt and Derivatives Gains quant Money Managers Limited has introduced a specialized investment vehicle: the quant Income Plus Arbitrage Active FoF. This new open-ended Fund of Fund (FoF) scheme is designed for investors seeking long-term capital appreciation and stable income by targeting investments in Arbitrage and actively managed Debt Mutual Fund Schemes.This launch marks the first Hybrid FoF product from quant Mutual Fund, aiming to combine the stability of debt exposure with the opportunities presented in arbitrage strategies. The scheme offers units at NAV-based prices on all business days, allowing continuous investment access.Investment Mandate and...

Indri Adopts IMWA Certification Hologram to Reinforce Authenticity in Indian Single Malt Whisky Piccadily Agro Industries Ltd has announced that its brand, Indri, will begin carrying the Indian Malt Whisky Association (IMWA) Certification Hologram on its bottles. This move is designed to affirm commitment to authenticity and uphold globally recognized whisky-making standards as Indian single malts continue to grow in global stature.The introduction of the IMWA Certification Hologram marks a significant step for the domestic single malt industry, serving as a visible symbol of authenticity for consumers, retailers, distributors, and enthusiasts worldwide. The certification confirms adherence to stringent production standards set by the...

SEBI Compliance Watch: Immediate Relative Gifts Share Holding in Disha Resources Limited; Regulatory Disclosure Made A material compliance filing concerning internal share transfers has been made regarding Disha Resources Limited, as disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure pertains to the transfer of equity shares by an immediate relative of a promoter.The transaction involved the disposal or gift of shares held by Radhadevi Premnarayan Maheshwari. This action was formalized through an off-market inter-se transfer, specifically executed as a gift.Details of Share Transfer in Disha Resources Limited The registered details confirm that Radhadevi...

Kotak Mahindra Launches Infinity Equity Long-Short Fund to Chase Capital Appreciation with 25% Unhedged Short Exposure Mumbai: Kotak Mahindra Mutual Fund has announced the launch of its new Specialized Investment Fund, the INFINITY Equity Long-Short Fund. This SIF is positioned as a high-conviction equity vehicle designed for investors seeking aggressive long-term capital appreciation in dynamic market environments. The fund aims to capitalize on potential upward movements while simultaneously mitigating risks through disciplined short selling strategies.The fund will be available with units offered at ₹10/- each during the New Fund Offer (NFO). It is part of a growing push by Asset Management Companies (AMCs) to incorporate complex...

Kolkata Metro Adopts ABB Electrification and Motion Control Solutions to Boost Efficiency and Safety Kolkata Metro, India's first metro railway established in 1984, has partnered with ABB to significantly enhance the efficiency, reliability, and safety of its expanding urban transit network. The partnership involves deploying advanced electrification and motion-control solutions across key infrastructure facilities within the system.The 72-km metro system currently operates over 300 train trips daily, serving more than half a million passengers, contributing substantially to alleviating traffic congestion and promoting sustainable mobility in Kolkata.A comprehensive range of ABB Electrification solutions has been deployed throughout...

ACRE Acquires Shares of VISA Chrome Ltd, Increasing Stakeholder Holding Assets Care & Reconstruction Enterprise Limited (ACRE) has acquired shares in VISA Chrome Limited, increasing its stake in the company. The acquisition was executed through the open market and represents a significant addition to ACRE's holding in the target company.The acquisition took place on June 22, 2026, as part of a larger sales period that ran from June 10, 2026, to June 22, 2026.ACRE, acting as the sole trustee for various trusts—including ACRE-32-Trust, ACRE-42-Trust, and others mentioned in the disclosure—acquired 48,75,572 shares of VISA Chrome Limited (formerly known as VISA Steel Limited). This transaction accounted for 3.34% of the total...

Suncare Traders Increases Stake in Shree Ganesh Bio-Tech Through Open Market Purchase Suncare Traders Ltd has acquired shares of Shree Ganesh Bio-Tech (India) Limited through an open market transaction, resulting in a reduction in its holding. The acquisition was conducted over a period spanning from April 1, 2026, to June 22, 2026.The acquisition pertains to the target company, which is listed on the BSE Limited. Suncare Traders Ltd holds no promoter status regarding either of the companies involved in this transaction.Details regarding the shift in holding are presented below:MetricBefore Acquisition HoldingAcquisition Details (Open Market)After Acquisition HoldingShares Carrying Voting Rights1,34,58,166 (5.28%)Acquired...

MAS Financial Services Allots INR 140 Crore in Senior Secured Debentures via Private Placement MAS Financial Services Limited has successfully allotted a tranche of senior secured debentures through a private placement, raising an aggregate nominal value of INR 140,00,00,000. The instrument is a non-convertible security and has been rated "CARE AA- (Stable)" by CARE Ratings Limited.The allotment was completed on June 24, 2026. These debentures are denominated in Indian Rupees (INR), carrying a face value of INR 1,00,000 each. The company allotted 14,000 such debentures, marking the post-allotment outcome from an initial issue size that included a green shoe option.The MAS Financial Services Limited debentures are scheduled for...

Saurabh Goyal Acquires 33.74% of Nureca Ltd Shares in Inter-se Transfer Among Promoters Nureca Limited is undergoing a change in its promoter shareholding structure as Saurabh Goyal, a sole promoter of the company, initiates the acquisition of shares from other members of the promoter group. The proposed transaction involves an inter-se transfer and is slated to take place on or after July 01, 2026.The acquisition targets equity shares from two individuals within the promoter group: Mr. Aryan Goyal and Mrs. Payal Goyal.According to the disclosed details, Saurabh Goyal will acquire a total of 3,219,113 shares. This transaction represents 33.74% of the target company’s share capital. The proposed acquisition is scheduled for on or...

ConnectM Technology Solutions Inc Acquires 17.33% Stake in Blue Cloud Softech Solutions Ltd ConnectM Technology Solutions, Inc. has acquired a significant stake in Blue Cloud Softech Solutions Limited through a targeted capital transaction. The acquisition involved the purchase of equity shares, boosting ConnectM's holding to 17.33% of the total paid-up equity share capital of Blue Cloud Softech.The transaction was executed via a preferential allotment of equity shares on June 17, 2026.This investment increased the overall share capital and diluted voting capital of Blue Cloud Softech Solutions Ltd. Post-acquisition, the company's total diluted share/voting capital stood at 92,30,81,600 shares.Details of the share capital before...

Shree Marutinandan Tubes Ltd Secures Order from Mehta & Associates for Fire Fighting Systems at POWERGRID Kurnool Project Shree Marutinandan Tubes Limited has secured a purchase order valued at ₹ 0.7617 Crore (Rs. 76,16,620/-) to execute fire fighting work for the POWERGRID Kurnool Transmission Limited project in Andhra Pradesh. The order was awarded by Mehta & Associates Fire Protection Systems Pvt Ltd on June 23, 2026.The contract involves the design, supply, testing, erection, and commissioning of a complete Hydrant System, a conventional Fire Detection & Alarm System, and a High Velocity Water Spray (HVWS) System at the POWERGRID Kurnool Transmission Limited site in Manukurthi Village, Adoni, Andhra Pradesh. The company confirmed...