Markets

Power Finance Corporation Ltd to Hold Board Meeting to Approve Merger with REC Limited Power Finance Corporation Limited has scheduled a meeting of its Board of Directors to consider and approve the scheme of merger involving the company and REC Limited. The board meeting is set for Sunday, June 28, 2026.The primary focus of the proposed meeting is to review and authorize the scheme of merger between Power Finance Corporation Limited and REC Limited. This approval process will also encompass their respective shareholders and creditors.In adherence to corporate practices concerning the Fair Disclosure of Unpublished Price Sensitive Information, the trading window for Equity Shares and Listed Debt Securities (including Tax Free Bonds)...

Winsome Yarns Ltd Appoints Five Directors Amid Corporate Insolvency Resolution Process Winsome Yarns Limited, a company currently undergoing the Corporate Insolvency Resolution Process (CIRP), has appointed several additional directors to its Board. The appointments were approved by the Monitoring Committee during a meeting held via Video-Conferencing on June 23, 2026.The Appointments and CIRP ContextThe company's current board operations are conducted under the purview of the CIRP, which was initiated after M/s Edelweiss Asset Reconstruction Company Limited filed a petition under Section 7 of the Insolvency and Bankruptcy Code (Code). The process was admitted by the Hon'ble Adjudicating Authority, the National Company Law Tribunal...

OnMobile Global Limited to Launch ONMO+ Smart Console on Flipkart, Targeting Accessible Gaming OnMobile Global Limited is set to launch its innovative gaming peripheral, the ONMO+ Smart Console, marking a push toward making premium gaming experiences more accessible. The official product unveiling and availability are scheduled for June 26, 2026, at 12:00 PM IST on the Flipkart e-commerce platform.The company's new offering, ONMO+, is designed to bridge the gap between professional gaming gear and multi-device playability. The device seamlessly combines a high-quality pro gaming controller with an instant-access card.Through this integrated solution, OnMobile Global Limited aims to remove technical barriers for gamers. The...

Honasa Consumer Acquires Majority Stake in Fluence Pharma to Expand into Nutraceuticals Honasa Consumer Ltd has approved the acquisition of a majority stake in Fluence Pharma Private Limited, a science-led nutraceuticals company specializing in condition-specific over-the-counter (OTC) supplements. The move is complemented by the Board's approval to incorporate a wholly owned subsidiary, Honasa Health Private Limited, dedicated to consumer-facing B2C operations within the nutraceutical sector.The acquisition targets Fluence Pharma, which offers products under the brands 'Hair Fact, Skin Fact and Pro Fact'. Honasa Consumer will acquire a 58% equity stake through a secondary purchase transaction at an enterprise value of approximately...

Deccan Gold Mines Secures Rs 3 Crore Debt Funding from Modali Consultants LLP Deccan Gold Mines Limited has finalized documentation regarding a loan facility of Rs 3 Crores, sourced from Modali Consultants LLP. The funding is intended for the development of a company project.The transaction details confirm that Deccan Gold Mines Limited serves as the borrower, with Modali Consultants LLP acting as the lender. This debt funding amounts to Rs 3 crores.Key terms and conditions associated with the loan agreement include:Tenure: 12 months Interest Rate: 12% per annum, which is compounded quarterly Repayment: The entire amount is payable at the end of the tenure.The loan security provided for this financing involves a pledge of...

Universal Autofoundry Ltd to Hold Board Meeting on June 30, 2026, to Fix AGM Date Universal Autofoundry Limited has scheduled its Board meeting for Tuesday, June 30, 2026. The meeting is set to take place at the company's registered office in Jaipur and is slated to address key corporate matters as part of the management agenda.The Board meeting is scheduled for 14:30 P.M. (IST). Directors are expected to gather at the designated location, which is located within the company’s operational premises.The primary objectives listed for discussion during the session include fixing the date of the Annual General Meeting and related matters. The agenda also encompasses other relevant business items for review.Stock Price Movement...

Wendt (India) Infuses Capital into Wholly Owned Thai Subsidiary On June 23, 2026, Wendt (India) Ltd infused further capital into its wholly owned subsidiary in Thailand, M/s. Wendt Grinding Technologies Limited (WGTL). The infusion involved the payment of remaining capital to complete the paid-up equity share capital requirements of the Thai entity.The company paid up the outstanding capital obligation at a rate of THB 4.50 per share, amounting to THB 46,350,000 (approximately INR 13.29 crores). This action contributed significantly towards completing the required capitalization for WGTL, which is involved in the Abrasives industry.Prior to this infusion, WGTL was incorporated in 2005 and held a registered equity capital of THB...

Karur Vysya Bank Fixes Date for 107th AGM; Announces Record Date and ESOS Allotment Details Karur Vysya Bank Limited announced key operational dates and equity allotment details following its Board meeting held on June 23, 2026. The Board addressed the annual general meeting date, set the record date for the proposed dividend, and confirmed the allotment of shares under the Employee Stock Option Scheme (ESOS).The bank confirmed that the 107th Annual General Meeting (AGM) is scheduled to be held on Wednesday, August 05, 2026. The meeting will take place at 11:00 A.M. (IST) and can be conducted via Video Conferencing ('VC') or Other Audio Visual Means ('OAVM').In terms of dividend matters for FY 2025-26, the Bank appointed Friday...

Indian Railway Finance Corporation Ltd Announces Massive Equity Offer for Sale by Government of India The President of India, acting through the Ministry of Railways, Government of India, has initiated a significant offer for the sale of equity shares in Indian Railway Finance Corporation Limited. The offer is being conducted via stock exchange mechanisms and includes provisions for investors across multiple categories, designed to achieve minimum public shareholding targets in the company.The Offer DetailsThe Promoter, identified as the President of India through the Ministry of Railways, plans to sell Equity Shares under a multi-stage process across BSE and NSE. The offer structure encompasses three key components: a Base Offer...

Le Merite Exports Limited Acquires 14.5% Equity Stake in Subsidiary LMTDSPL Le Merite Exports Limited has completed the acquisition of an additional equity stake in its subsidiary, Le Merite Tactical & Defence Solutions Private Limited (LMTDSPL). The company acquired a 14.5% shareholding from Mr. Nand Nandan Sureka, a shareholder and promoter of LMTDSPL.The transaction was conducted at arm's length and involved a cash consideration amount not exceeding Rs. 1,45,000. This acquisition includes 14,500 equity shares of the subsidiary.LMTDSPL operates in the Technical Textile industry. The acquiring company noted that LMTDSPL is an existing subsidiary, and this purchase involves obtaining additional equity.Key details regarding the...

Tech Mahindra Ltd Reports Voluntary Liquidation of Australian Subsidiary Tech Mahindra Ltd has confirmed the voluntary liquidation and deregistration of its step-down subsidiary, HCI Group Australia Pty Ltd. The entity's liquidation was effective from May 27, 2026.The company provided details regarding the status of the subsidiary, noting that it had no operations during the financial year 2025-26 due to being under liquidation proceedings.Key financial metrics for HCI Group Australia Pty Ltd., reported for the financial year ended March 31, 2025, are as follows:MetricAmount (in AUD)Revenue3.69 MnNet Worth-7.56 MnThe liquidation of HCI Group Australia Pty Ltd., a step-down subsidiary of Tech Mahindra Ltd, was confirmed...

Golden Crest Education & Services Ltd Announces Resignations of Two Directors Golden Crest Education & Services Limited has announced that two members of its Board, Mrs. Bela Garg and Mr. Bhola Pandit, have resigned from their respective posts in the company. The resignations are effective from the close of business hours on July 03, 2026.The directors' departure comes due to various professional and personal circumstances. Mrs. Bela Garg, a Non-Executive Independent Director, tendered her resignation citing other professional commitments. Mr. Bhola Pandit, who served as a Non-Executive Director, resigned owing to personal and unavoidable circumstances.Upon the effective date of their resignations, both directors will also cease to...

Kore Digital Reports Strong Growth in FY26 as It Expands into Defense Manufacturing Ecosystem Kore Digital Limited has reported a robust financial performance for the fiscal year ending March 31, 2026, driven by strengthening its position across telecom infrastructure and securing significant milestones within the defense manufacturing ecosystem. The company recorded consolidated Total Income of 408.38 crore in FY26, marking a 24.58% year-on-year increase compared to FY25.The company’s EBITDA saw impressive growth, rising by 19.87% YoY to reach 57.00 crore. Profit after tax (PAT) stood at 36.91 crore, translating to an Earnings Per Share (EPS) of 29.89. Furthermore, operating cash flow increased by approximately 222% YoY during FY26...

Imagicaaworld Recommences Operations of Water Park Following Deliberation on Resource Availability Imagicaaworld Entertainment Ltd has announced the resumption of its Imagicaa Water Park located in Khopoli, following assessments regarding local rainfall and current resource availability. The company stated that operations will recommence with effect from Friday, June 26, 2026.The water park is situated at 30/31 Sangdewadi, Khopoli - Pali Road, Taluka Khalapur, District Raigad in Maharashtra. Management affirmed the ongoing commitment to water conservation as they resume service.In terms of operational status and loss assessment related to past disruptions, Imagicaaworld provided updates on the event’s impact. The company estimated...

Jattashankar Industries Allots 30 Lakh Convertible Warrants at Rs 92 Per Unit Jattashankar Industries Ltd has announced the allotment of 30,00,000 Convertible Warrants following a board meeting held on June 23, 2026. These warrants entitle the holders to convert each unit into an equity share of the company with a face value of Rs. 10/- (Rupees Ten Only), fully paid-up.The allotment was made on a preferential basis to entities falling under the 'Promoter and Promoter Group' and 'Non-Promoter Category'. The warrants were issued at an issue price of Rs. 92/-, which includes a premium of Rs. 82/- per warrant, for cash consideration.Under the terms of the allotment, each warranted unit is convertible into one fully paid-up Equity share...

Honasa Consumer Acquires Fluence Pharma Stake, Unveiling Major Push into Nutraceuticals and Holistic Wellness Honasa Consumer, the parent company of Mamaearth, has made a significant strategic pivot in the beauty industry. The conglomerate announced the acquisition of a 58 percent stake in nutraceuticals firm Fluence Pharma. This move formally marks Honasa’s entry into the rapidly expanding nutraceuticals segment, focusing on the "beauty-from-within" market.The company is set to establish a dedicated subsidiary called Honasa Health Private Limited from this transaction. Through this new entity, Honasa plans to build a consumer-focused nutraceuticals business. This initiative will combine Fluence Pharma’s patented clinical formulations...

Sensex Plunges Amid Technology Rout as FIIs Finally Turn Net Buyers in Indian Equities Indian stock markets registered a sharp correction on Tuesday, tracking global peers amidst ongoing technology sector rout and broad-based selling pressure. The BSE Sensex plunged 893 points or 1.16 percent to close at 76,201, while the Nifty index fell by 279 points or 1.16 percent, settling at 23,824.The market downturn was accompanied by weakening sentiment across major sectors, though pharmaceutical and healthcare indices managed to cushion the decline. The selling pressure extended into the broader markets, with the Nifty Midcap index falling 1.05 percent and the Nifty Smallcap index declining 0.5 percent.Institutional Flows: DIIs Surge as...

Swiggy and Zerodha Forge Landmark Partnership to Fuel Financial Independence for Delivery Partners On-demand convenience platform Swiggy Ltd has announced a strategic partnership with Zerodha Fund House. This collaboration aims to empower delivery partners by making mutual fund investments accessible directly through its rider application. The initiative represents a significant step toward democratizing financial tools for the gig economy workforce.Empowering Gig Workers Through Accessible Investing Starting from a minimum investment of ₹100, delivery partners can now invest a portion of their earnings into various schemes offered by Zerodha Fund House. This functionality is integrated directly into the rider app ecosystem.The...

Ratnamani Metals Subscribes to Shares in KSA Subsidiary, Investing SAR 15,00,000 Ratnamani Metals & Tubes Limited has completed the subscription of shares in RATNAMANI MIDDLE EAST COMPANY, LLC, a subsidiary incorporated in Dammam, Kingdom of Saudi Arabia (KSA). The company subscribed to 75 Equity Shares for SAR 20,000 each, representing 75% of the paid up capital.The payment totaling SAR 15,00,000 was made by Ratnamani Metals & Tubes Limited to RATNAMANI MIDDLE EAST COMPANY, LLC in relation to this share subscription on June 23, 2026.This transaction is part of a Joint Venture cum Shareholders Agreement (JVA/SA) established between Ratnamani Metals & Tubes Limited and Saudi Electric Supply Company Limited (SESCO). The partnership...

US Tech Rout Intensifies: Nasdaq Plunges Over 3% as 'AI Exuberance' Fear Triggers Global Risk-Off Wave Sharp sell-off swept through major U.S. stock markets on Tuesday, driven by an intensified technology rout that dragged down key indices and immediately sparked a broader risk-off sentiment worldwide. The highly tech-centric Nasdaq 100 saw a massive decline, plummeting 3%.The S&P 500 registered a substantial decline of 1.5%, while the Dow Jones Industrial Average slipped by 0.6%. This downturn followed significant weakness seen in technology stocks during the previous trading session, with selling pressure accelerating significantly overnight across U.S. markets.Semiconductors and Memory Chip Stocks Under Severe Strain The tech...