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Saboo Sodium Chloro Ltd Announces Resignation of Independent Director, Kamal Sharma Saboo Sodium Chloro Ltd has reported the resignation of Mr. Kamal Sharma from his position as an Independent Director. The decision was made due to personal reasons involving family commitments.The Board of Directors of Saboo Sodium Chloro Ltd noted the resignation following a meeting held on June 22, 2026. The departure is effective as of the close of business hours on June 10, 2026.Mr. Sharma tendered his resignation stating that he was unable to devote the time and attention necessary for the effective discharge of his responsibilities as an Independent Director due to personal commitments.In addition to this primary reason, Mr. Sharma confirmed...

NTPC Declares Commercial Operation of 800 MW Unit at Patratu STPP Phase-1 NTPC Ltd has announced that Unit #2 of the Patratu STPP Phase-1 project, operated by its subsidiary Patratu Vidyut Utpadan Nigam Limited (PVUNL), has been declared operational. The unit reached commercial operation on June 25, 2026.This milestone marks an increase in the group’s generating capacity as the 800 MW unit comes online at the Patratu STPP Phase-1 site.Following the commissioning of this unit, NTPC reported its updated installed and commercial capacities. The total installed capacity for the NTPC group now stands at 90,857 MW. The commercial capacity has been reported at 89,777 MW.NTPC Stock Price Movement NTPC Limited shares today slipped by 0.86%...

Gem Aromatics Ltd Approves Auditor Reappointments and Announces Wholly Owned Subsidiary in Brazil Gem Aromatics Limited has announced significant outcomes from its Board of Directors meeting held on Tuesday, June 23, 2026. The board approved the re-appointment of an internal auditor and the appointment of a secretarial auditor, alongside the incorporation plan for a new wholly owned subsidiary in Brazil to support the company's expansion into international markets.The board meeting covered several strategic decisions designed to strengthen corporate governance and facilitate global trade for the Essential Oils and Aromatics Chemicals manufacturer.Key details regarding the appointments include:AspectM/s. RANK & Associates...

Bajaj Auto Subsidiary BACL Secures INR 500 Crore via Non-Convertible Debenture Issue Bajaj Auto Credit Limited (BACL), a wholly owned subsidiary of Bajaj Auto Limited, has completed the allotment of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) amounting to INR 500,19,55,000. The issuance was carried out through a Private Placement mechanism.The decision regarding the debenture allotment was made by BACL's Board of Directors and Debentures Issuance and Allotment Committee during a meeting held on June 19, 2026.In this transaction, BACL allotted 50,000 Non-Convertible Debentures (NCDs). Each debenture carried a face value of INR 1,00,000, contributing to the total issue size of INR 500,19,55,000.The...

United Heat Transfer Limited Board Approves Working Capital Loan and Investment in Saraswat CoOperative Bank The Board of Directors of United Heat Transfer Limited, which was held on Tuesday, June 23, 2026, approved several key corporate decisions relating to financing and governance. Among the outcomes sanctioned by the board were the approval of a working capital loan facility and an investment in The Saraswat CoOperative Bank Limited.The company considered and approved availing a working capital loan facility from The Saraswat CoOperative Bank Limited. Furthermore, the board authorized the necessary execution of applications and documents related to making an investment purchase towards shares of The Saraswat Co-Operative Bank...

Crude Oil Set for Massive Rally: Prices Could Hit $90 as Global Inventories Deplete Amid Supply Scarcity International crude oil prices face significant upward pressure, with projections suggesting a potential surge to $80-$90 per barrel in the second half of 2026. S&P Global Energy states that this price increase is anticipated as global oil inventories continue to shrink following severe supply disruptions caused by the West Asia conflict.The firm notes that while the reopening of the Strait of Hormuz promises a recovery of energy flows and market confidence, participants are assessing that normalization and inventory replenishment will be a protracted process. Jim Burkhard, Vice President for Oil Markets at S&P Global Energy...

Prostarm Secures INR 4.03 Crore Contract from Karnataka State Fire and Emergency Services Prostarm Info Systems Limited has secured a new order valued at INR 4.03 Crores from the Karnataka State Fire and Emergency Services. The contract pertains to the supply, installation, testing, and commissioning of 3 KVA UPS systems along with batteries that conform to IS 16242 standards.The order was awarded by the state entity, signifying a significant contract win in the company’s normal business operations.Prostarm Info Systems Limited is set to execute the awarded order within a 60-day period. The contract details indicate that the transaction involves only domestic entities and does not constitute a related party transaction or present...

Manali Petrochemicals Announces Temporary Shutdown of Plant 1 for Scheduled Maintenance Manali Petrochemicals Limited has announced that its Plant 1 will be temporarily closed to carry out routine maintenance and repair work. The company stated that the shutdown is necessary for scheduled maintenance activities at the facility.The operational closure of Plant 1 is set to begin starting June 22, 2026. Manali Petrochemicals Limited anticipates that operations at Plant 1 will resume within a period of 10 days, contingent upon the successful completion of all required maintenance procedures.In a statement regarding the temporary halt in production, the company assured stakeholders that the shutdown is not expected to have any material...

Adcounty Media India Ltd Board Approves Doubling Borrowing Limits, Revises Key Director Remuneration Adcounty Media India Ltd conducted its Board meeting on June 23, 2026, approving several significant operational and financial changes for the company. The resolutions, which are subject to subsequent approval by members through postal ballot, included substantial increases in borrowing capacity, encumbrance limits, and approvals for related party transactions (RPTs).Key aspects of the Board meeting included major revisions to the company's financial ceilings:Financial ParameterExisting LimitApproved New LimitBorrowing Limit₹100 Crores₹200 CroresEncumbrance/Mortgage Creation Limit₹100 Crores₹200 CroresFinancing Limit...

Care Ratings Affirms 'AA Stable' Rating for Niva Bupa Health Insurance Non-Convertible Debentures Niva Bupa Health Insurance Company Ltd has received a reaffirmation of its credit rating for the company’s non-convertible debentures.Care Ratings Limited confirmed the rating status for the ₹250.00 crores Non-Convertible Debentures (NCDs) issued by Niva Bupa Health Insurance Company Ltd. The rating was reaffirmed as 'CARE AA Stable'.The update regarding the credit rating was received by the company on June 22, 2026. This reaffirms the stability and credit standing associated with the company’s debt instruments as evaluated by Care Ratings Limited.NIVABUPA Stock Price Movement Today, shares of Niva Bupa Health Insurance Company...

NSE Imposes Penalty of ₹5,09,000/- on Share India Securities Limited National Stock Exchange of India Limited (NSE) has imposed a monetary penalty totaling ₹ 5,09,000/- (excluding GST) on Share India Securities Limited. The action was taken in relation to the company's stock broking operations.The NSE levied the penalty following the ordinary course of stock broking operations, as per directives issued by the Member and Core Settlement Guarantee Fund Committee (MCSGFC). Despite the imposition, the company stated that the penalty does not have a material impact on its financials, operations, or other business activities.Details regarding the regulatory action and its implications for the listed entity are summarized below...

Arshiya Ltd Confirms Resignation of Non-Executive Independent Director Arshiya Ltd, currently operating under the Corporate Insolvency Resolution Process (CIRP), has confirmed the resignation of Mr. Ved Prakash from his role as a Non-Executive Independent Director. The company noted and accepted the resignation, effective February 18, 2026.Mr. Ved Prakash tendered his resignation citing specific personal circumstances related to his professional obligations outside India. He indicated that he is residing in Dubai and consequently finds himself unable to devote sufficient time and attention to the affairs of the Company on a regular basis, leading him to decide to step down from the directorship.The company confirmed there are no...

Promoters in Succession Announce Share Transmission at Sonal Adhesives Ltd Sonal Adhesives Limited has seen a transfer of shares within its promoter group following the transmission of equity shares, according to reports released by the company on June 23, 2026. The transaction involved the shares originally held by Ms. Kamal Arora, who is a member of the promoter group.The share transmission encompassed a total of 4,75,400 equity shares, which had a face value of Rs. 10 per share. These shares were transferred to three members of the promoter group: Mr. Sandeep M. Arora, Ms. Megha M. Arora, and Ms. Mona M. Arora.The transaction details reflect a shift in the ownership structure within the promoter family. Prior to the transfer, Ms...

Zerodha's Nikhil Kamath Bet: Why Energy Transition Stocks Offer the Safest Hedge Against Global Turmoil The Strategic Focus on Energy Transition Nikhil Kamath, co-founder of Zerodha Broking Ltd., has identified energy transition stocks as a crucial investment theme for India. He views this sector as a significant opportunity, especially given the reinforcing importance it gains amid geopolitical instability.The rapid shift towards sustainable power sources presents diversified opportunities across the entire value chain. Key areas he highlights include electric vehicle and battery manufacturers. Investment focus is also warranted on transmission companies and essential grid infrastructure providers.Contrarian View on Information...

Batliboi Acquires Penta and PAtS, Expanding Footprint into Industrial Automation and Robotics Batliboi Limited, a reputed engineering company specializing in machine tools, air engineering, textile machinery, and environmental engineering, has announced the acquisition of specialized industrial automation firm Penta Automation Systems Private Limited. The deal establishes Batliboi’s presence in the rapidly growing segment of industrial automation and robotics integration services.The combined transaction, valued at INR 20 crore, sees Batliboi take over Penta, which is a provider of customized industrial automation solutions. Through this acquisition, Batliboi will also indirectly gain control of Pats Robotics Private Limited (PAtS), a...

Compucom Software Ltd. Receives Credit Ratings from CARE for Bank Facilities Compucom Software Ltd. has received credit ratings from CARE Ratings Limited concerning its bank facilities, according to a report detailing the findings on the company's outstanding loan facilities.CARE assigned these ratings based on information shared in a letter dated June 22, 2026, which covered various security instruments and bank facilities utilized by the company.The ratings provide insight into Compucom Software Ltd.'s financing structure. The ratings are detailed below for each instrument:Security/Instrument/Facility NameAmount (Rs. Crore)RatingRating ActionLong Term Bank Facilities5.00CARE BBB-; NegativeAssignedLong Term / Short Term...

SpaceX Stock Plummets as AI Funding Concerns Force Steep Sell-Off Shares of Space Exploration Technologies Corp. (SpaceX) experienced a drastic rout, seeing more than 16 percent wiped out in previous trading session. The sell-off pushed the company's stock to its lowest point since its debut day. Pre-market trading on Tuesday saw a slight recovery, with shares stabilizing at $156.23, up 1.05 percent.Navigating the Volatility of SpaceX Shares SpaceX closed Monday at $154.60, recording a sharp drop of 16.43 percent or $30.40. This significant decline reflects mounting investor apprehension regarding the company's future funding strategy and general weakness across global technology stocks. The stock movement has put pressure on the...

Remus Pharmaceuticals Appoints Mr. Bhavik Shah as Chief Financial Officer Remus Pharmaceuticals Limited has appointed Mr. Bhavik Shah as the new Chief Financial Officer (CFO) and Key Managerial Personnel of the company. The appointment is effective starting July 09, 2026.The selection of Mr. Bhavik Shah was made by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee and approval from the Audit Committee.Mr. Shah brings extensive experience to the role. He is a Chartered Accountant and Commerce Graduate with over two decades of experience across various financial functions. His expertise covers Finance, Accounts, Treasury, Financial Reporting, Budgeting, Taxation, Audit, Internal Controls...

RBI Injects Rs 1.41 Lakh Crore Liquidity to Counter Market Pressure, Stabilizing Banking System The Reserve Bank of India (RBI) on Tuesday injected substantial transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. This decisive action was taken to manage heightened liquidity pressures observed in recent days within the financial markets.The central bank infused the funds at a cut-off and weighted average rate of 5.26 per cent, as disclosed by the RBI. The intervention aimed to ensure smooth operations and stable funding conditions across the banking sector.Addressing Liquidity Deficit and Market Concerns The liquidity injection comes amid concerns regarding systemic liquidity strain. Data...

BGR Energy Systems Ltd: Insolvency Proceedings Adjourned; Matter Posted for July 30, 2026 BGR Energy Systems Ltd announced an update regarding its insolvency proceedings, informing stakeholders that a matter heard on June 23, 2026, has been adjourned and is scheduled for further orders on July 30, 2026.The company provided details following the hearing held on June 23, 2026. As part of this update concerning its ongoing proceedings, the matter was postponed by the authority and scheduled to be posted for final orders on July 30, 2026.Furthermore, BGR Energy Systems confirmed that the suspension order previously granted by the Court or Authority has been extended and will remain in force until the next scheduled date of hearing.The...