Markets

Gold Plummets as Fed Hawkish Tone and Dollar Surge Triggers Steepest Decline in Decade for Precious Metals Gold and silver are set for a challenging conclusion to the June quarter, with both metals booking losses. This reversal comes after significant prior gains, as bullion prices face intense pressure driven by shifting monetary policy expectations and a strengthening US dollar. Gold is currently on track for its steepest quarterly fall in a decade, while silver marks its worst performance in four years.Metals Face Steep Corrections Amid Macro Shift The retreat in precious metals has been sharp. Gold has registered losses of nearly 12 percent during the June quarter alone, marking its most substantial decline since December 2016...

Bank of Baroda Holds 30th Annual General Meeting; Key Resolutions Pass Including MD/CEO Reappointment Bank of Baroda successfully concluded its 30th Annual General Meeting (AGM) on Tuesday, June 23, 2026. The meeting, held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), saw shareholders review the Bank’s financial performance and approve crucial resolutions spanning dividends, capital planning, and executive appointments.Dr. Debadatta Chand, MD & CEO of the Bank, chaired the AGM after confirming a quorum. The Chairman highlighted the institution's strong operational health, noting growth in business, higher profits, better asset quality, and consistent dividend payouts to shareholders.The meeting proceedings covered...

Striders Impex Secures Merchandise License Agreement with Hasbro Consumer Products Licensing Limited Striders Impex Limited has entered into a Merchandise License Agreement with Hasbro Consumer Products Licensing Limited, securing rights to manufacture, market, distribute, and sell various licensed products in India. The agreement grants the company exclusive licensing rights within the Indian market for specific properties.Under the terms of the agreement, Striders Impex Limited holds the non-exclusive right to utilize Licensed Properties including Peppa Pig, Play-DOH, My Little Pony, and Transformers. These licenses cover the development, design, manufacture, distribution, and sale of licensed articles and marketing materials in...

City Union Bank Approves Dividend and Plans Rs 50 Crore Capital Raise through QIP Route City Union Bank Limited announced significant decisions following its Board of Directors meeting held on June 23, 2026. The bank approved a dividend for the financial year 2026 and disclosed plans to raise further capital through a Qualified Institutional Placement (QIP).The Bank set the date for the ensuing Annual General Meeting as Friday, August 14, 2026.Dividend Declaration and Record Date The Board meeting approved the dividend structure, along with specific details regarding the record date for shareholders. The decision pertains to equity securities of the bank.Key details relating to the dividend declaration are presented below...

Sammaan Capital Pays Interest on Debentures Issued through Public Issue Sammaan Capital Ltd has successfully made the interest payments related to its Secured Redeemable Non-Convertible Debentures and Unsecured Redeemable Non-Convertible Debentures. The company certified that it paid the entire interest amount due in respect of these debentures, which were issued through a public issue and are listed on the Stock Exchanges.The details concerning the interest payment for these debentures have been made public. All three series of debentures detailed in the records reflect monthly frequency payments.Key operational dates recorded include the record date set for 09/06/2026, with a due date for interest payment scheduled on 24/06/2026...

HDFC Bank Board Meeting Scheduled to Approve Q1 Financial Results; Employee Trading Window Closed HDFC Bank Ltd has announced details regarding its upcoming Board of Directors meeting, which is set to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The Bank also confirmed the trading closure period for designated employees concerning the company's securities.The Board of Directors meeting is scheduled for Saturday, July 18, 2026. During this session, the Bank will review and approve both the unaudited standalone and consolidated financial results pertaining to the quarter ending June 30, 2026.In addition to the board meeting announcement, HDFC Bank confirmed that the trading window for...

REC Limited Board Meeting Scheduled to Approve Merger with Power Finance Corporation A meeting of the Board of Directors of REC Limited has been scheduled to consider and approve a Scheme of Merger involving the company and Power Finance Corporation Limited, according to official company announcements.The board meeting is set for Sunday, June 28, 2026. The primary agenda item is the consideration and approval of the Scheme of Merger between REC Limited and Power Finance Corporation Limited, along with their respective shareholders and creditors.In addition to the merger announcement, the company has provided an update regarding trading restrictions. The trading window for REC’s equity shares and other listed securities was closed...

Bajaj Auto Limited Reports Cyber Security Incident Following Ransomware Attack A cyber security incident involving a ransomware attack has been reported by Bajaj Auto Limited. The attack impacted the systems of the Company and its wholly owned subsidiary, Bajaj Auto Technology Limited (BATL).The incident occurred on June 23, 2026, at approximately 08:00 a.m. IST. Upon discovering the breach, both the company's technical team and external cybersecurity experts mobilized to respond to the situation.Immediate precautionary actions and protocols were initiated by the management and specialized teams to mitigate the impact of the ransomware attack. According to available information, the mitigation efforts have been successful...

Indian Railway Finance Corporation Limited: President of India Proposes Offer for Sale of Equity Shares The President of India, acting through the Ministry of Railways, Government of India, has proposed an Offer for Sale (OFS) of equity shares in Indian Railway Finance Corporation Limited. The sale is being conducted to achieve minimum public shareholding in the company and involves multiple tranches targeting different investor categories.The offering is managed exclusively through the Seller's Brokers on a dedicated window provided by the stock exchanges.Offer Details and Structure The proposed offer comprises three main components: the Base Offer Size, an Oversubscription Option, and a specific Employee Offer. The shares of...

Power Grid Corporation to Hold Board Meeting for $500 Million External Commercial Borrowings Power Grid Corporation of India Limited has announced that its Board of Directors will meet on Friday, June 26, 2026. The primary purpose of the meeting is to consider and approve the raising of foreign currency funds through External Commercial Borrowings (ECB).The company plans to raise up to USD five hundred million ($500 mn) via ECB from domestic and foreign banks.In addition to the board review, Power Grid Corporation has also provided details regarding its trading window schedule. The Company's trading window will be closed starting Wednesday, June 24, 2026. This closure is scheduled to remain in effect until 48 hours after the...

Promoter Group Member Sells 68,50,000 Equity Shares of Enbee Trade & Finance Ltd A member of the Promoter Group, Meyhul Gaala, has executed a sale of equity shares of Enbee Trade & Finance Limited on the open market. The transaction was reported on June 23, 2026.The sale details pertain to the holdings of Mr. Gaala within the promoter group and relate to the company with ISIN INE993101029.Key details regarding the stock movement are presented below:ParameterDetailPromoter Group MemberMeyhul GaalaTransaction TypeSaleSecurity TypeEquity SharesNumber of Securities Sold68,50,000Value of Transaction20,73,689Date of Trade Execution23.06.2026Trading Mode and ExchangeOpen Market / BSEThe transaction confirms the...

Fruition Venture Limited Appoints New Independent Director Amid Changes in Board Composition Fruition Venture Ltd's Board of Directors, meeting on June 23, 2026, approved significant changes regarding its independent director appointments and departures. The board introduced Ms. Shivi Jindal as an Additional Non-Executive Independent Director while acknowledging the resignation of Ms. Shefali Kesarwani.The appointment of Ms. Shivi Jindal was made based on the recommendation of the Nomination and Remuneration Committee. She is appointed for a term of five consecutive years, commencing June 23, 2026, and ending June 22, 2031, subject to shareholder approval.Ms. Jindal comes from a background in commerce and law, possessing...

ARSS Infrastructure Secures Major Road Improvement Work Order Valued at Rs 21.46 Crores ARSS Infrastructure Projects Ltd has secured a significant infrastructure contract, winning a work order valued at Rs 21,46,82,069.00 for the improvement of roads in Jagatsinghpur district. The project focuses on widening and strengthening key segments of the Dengapola to Champahat road network.The contract, awarded by the Office of the Superintending Engineer, Jagatsinghpur (R&B) Division, covers the infrastructure upgrade across various routes within the state plan. This project involves improving roads from 0/000 km to 14/647 km in the district of Jagatsinghpur, which includes Dengapola to Champahat via Jantakothi-PodanaTandikul, Naulo and...

Industrial Investment Trust Limited Confirms Strike-Off and Dissolution of Subsidiary Company Industrial Investment Trust Limited has confirmed that its subsidiary, IITL Investment Advisors Private Limited, has been officially struck off from the Register of Companies and stands dissolved.The dissolution process was finalized following approval by the Ministry of Corporate Affairs. The company, which is a subsidiary of Industrial Investment Trust Limited, was given notice for striking off from the register.On June 23, 2026, the parent company confirmed that the Ministry of Corporate Affairs issued STK-7 Notice No: STK7/001335/2026 regarding the strike-off and dissolution of 'IITL Investment Advisors Private Limited'. This action was...

MEYHUL GAALA Acquires Shares in Enbee Trade & Finance Li mited, Raising Stake to 3.15% MEYHUL GAALA has acquired shares in Enbee Trade and Finance Limited, successfully increasing their stake through an open market transaction. The acquisition pertains to the company listed on the BSE.The transaction details confirm that MEYHUL GAALA belongs to the promoter group of Enbee Trade and Finance Limited. Prior to the acquisition, MEYHUL GAALA held 28,869,300 shares, representing a 4.13% holding in the company.During the acquisition period, MEYHUL GAALA acquired 68,550,000 shares through open market sales, which added 0.98% to their stake. Following this acquisition, the promoter group's total holding decreased to 22,019,300 shares...

Solarium Green Energy Secures Contract for 50 MW Solar PV Project in Maharashtra Solarium Green Energy Ltd has secured a significant contract as a sub-contractor for an End-to-End Engineering, Procurement and Construction (EPC) project. The Letter of Award (LOA), received on June 22, 2026, involves the execution of EPC works for a 50 MW AC/65 MW DC Solar PV Power Project in Maharashtra.The project was awarded by the Maharashtra State Power Generation Company Limited (MAHAGENCO). As the sub-contractor, Solarium Green Energy Ltd will undertake the turnkey EPC works and provide Operation and Maintenance (O&M) services for a period of Three Years (Thirty-Six Months).This contract is expected to strengthen the company's presence within...

Sharika Enterprises Ltd’s Board Approves Dual Preferential Issue: Raising Funds via Equity Shares and Share Warrants Sharika Enterprises Ltd announced that its Board of Directors, at a meeting held on June 23, 2026, approved a significant preferential issue intended to raise funds through the allotment of both equity shares and share warrants.The company’s board considered and approved two major capital raising initiatives: the issue of equity shares to Non-Promoter Investors (NP), and the issuance of Share Warrants to Promoters and Non-Promoter Investors (NP). Both issuances are subject to final regulatory and statutory approvals and subsequent approval by members at an Extra Ordinary General Meeting (EGM).Equity Shares Allotment...

Antony Waste Handling Cell Issues Corporate Guarantee for Subsidiary's Credit Facilities worth ₹50 Crore Antony Waste Handling Cell Ltd has provided a corporate guarantee in favor of Oxyzo Financial Services Limited on behalf of its material subsidiary, Antony Lara Enviro Solutions Private Limited. The guarantee pertains to credit facilities availed by the subsidiary company up to a principal sum of ₹50,00,00,000.The corporation extended the guarantee for Antony Lara regarding loans taken from Oxyzo Financial Services Limited (formerly known as Oxyzo Financial Services Private Limited).According to details provided, this corporate guarantee constitutes a contingent liability for Antony Waste Handling Cell Ltd. This liability is...

Mrs. Pooja Raja Acquires Shares of Sumeru Industries Limited in Off Market Purchase Mrs. Pooja Raja has acquired an increase in shares of Sumeru Industries Limited through an off market purchase. The acquisition relates to equity shares listed on the BSE Limited.The transaction details confirm that Mrs. Pooja Raja, identified as a Person Acting in Concert (PAC), purchased the shares in Sumeru Industries Limited. She is not affiliated with the Promoter or Promoter group of the company.A summary of the shareholding and the recent acquisition stands as follows:MetricBefore AcquisitionAfter AcquisitionShares Held1,214,407 (representing 1.69% w.r.t. total diluted share/voting capital)1,279,407 (representing 1.78% w.r.t. total...

Innovision Secures Major Toll Collection and Maintenance Contract from NHAI Worth ₹7.73 Crore Innovision Ltd has successfully secured a significant contract with the National Highways Authority of India (NHAI) for toll collection and facility maintenance along a key stretch of NH-40 in Andhra Pradesh. The award, which was granted by the domestic entity NHAI, involves Innovision operating as the user fee agency for the Pileru to Puthalapattu Section (two lanes with paved shoulders).The contract encompasses not only toll collection but also the upkeep and maintenance of adjacent Toilet Blocks, including the recouping of consumable items.Innovision Ltd received the Letter of Award on 23/06/2026, following the order being granted by...