Markets

B & A Ltd Schedules Annual General Meeting for July 2026; Details on Voting and Book Closure Released B & A Ltd has set the date for its Annual General Meeting (AGM) pertaining to the financial year ended March 31, 2026. The company has provided specific details regarding the meeting location, the record date for eligible members, and the period during which the register of members will be closed.The AGM is scheduled to take place on Thursday, July 30, 2026, at 10:00 AM (IST). The meeting will be held at the Auditorium of Kaziranga Golf Club Resort, located in Sangsua Tea Estate, P.O. Gatoonga, District Jorhat-785616, Assam.Key operational timelines for shareholders eligible to attend or vote have also been fixed by B & A Ltd. The...

JSW Infrastructure Stock Surges After Kicking Off Rs 7,500-Crore QIP; Price Discount Fuels Investor Interest JSW Launches Massive Rs 7,503-Crore Fundraising Blitz JSW Infrastructure shares rose by over 2 percent in the morning trade on June 23. The stock traded at ₹313.35 in late morning deals, reflecting a 2.05 percent gain from the previous close. This rally followed the company's launch of an indicative qualified institutional placement (QIP) totaling up to Rs 7,502.7 crore.This QIP stands as one of the largest equity fundraises seen in the infrastructure sector recently. The offering includes a fresh issue of Rs 6,555 crore and an offer-for-sale (OFS) component worth Rs 947.7 crore by the Sajjan Jindal Family Trust. The company...

Quadrant Televentures' Committee of Creditors Approves Key Resolutions During Eleventh Meeting Quadrant Televentures Limited, which is undergoing a Corporate Insolvency Resolution Process (CIRP), saw key resolutions approved by its Committee of Creditors (CoC) during the Eleventh meeting. The e-voting for this meeting concluded in accordance with established procedures, resulting in significant approvals across several crucial matters related to the company's resolution process.The resolutions put before the CoC were voted upon, and all listed items achieved approval against their required voting percentages.Key decisions made by the Committee of Creditors include:Voting Item No.Voting ItemVoting% RequiredVoting%...

Indegene Accelerates Pharma Dominance with Acquisitions and AI Push as Commercial Landscape Transforms Indegene, the Bengaluru-based life sciences adtech giant, is strategically doubling down on mergers and artificial intelligence (AI) to secure a larger share of pharmaceutical marketing spending in the US market. This aggressive pivot comes as drugmakers are forced to overhaul traditional commercialisation methods due to significant shifts in prescriber engagement.CFO Suhas Prabhu stated that "Commercialisation is becoming far more scientific and digital." The company is leveraging this industry tectonic shift to move away from fragmented, brand-by-brand marketing toward centralized, data-driven engagement models.The Fundamental...

Kospi Plunges Over 9% as AI Mania Unravels: Semiconductor Giants Drag Down Overheated South Korean Market The benchmark Kospi index experienced a sharp downturn on June 23, plunging over 8%, triggering a market-wide circuit breaker. This dramatic sell-off underscored growing concerns that the country's record-setting equity rally had become excessively overheated and vulnerable. The rout was led by semiconductor heavyweights Samsung Electronics and SK Hynix, both of which saw significant losses, erasing billions in market value.The Korea Exchange temporarily suspended trading for 20 minutes after the Kospi fell 8%. However, the decline intensified once trading resumed, with the benchmark extending its loss to as much as 9.1%. This...

Mangal Credit and Fincorp Allots INR 20 Crore Worth of Secured Non-Convertible Debentures Mangal Credit and Fincorp Ltd has approved the allotment of senior secured non-convertible debentures (NCDs) through a private placement. The NCD tranche, totaling INR 20,00,00,000, was finalized by the company’s Loans and Advance Committee on June 23, 2026.The allotment includes 2,000 fully paid debentures. Each NCD has a face value of INR 1,00,000 (Indian Rupees One Lakh Only). These debentures were issued at a discount of INR 2,000 each, aggregating to the total issue size of twenty crore rupees.The issuance is structured as a secured, listed, rated, and taxable NCD tranche. The instrument carries an interest rate of 11.75% per annum...

Sensex Plummets as Asian Market Sell-Off Sinks Key Indices; FII Selling Sparks Volatility The Indian stock markets experienced a significant decline on Tuesday, with the benchmark indices struggling amid subdued trading activity. The Sensex saw a drop of 500 points from its day's high, while Nifty traded below the 24,000 mark. This broad market sell-off was attributed primarily to weak trends observed across key Asian markets globally.Global Market Sentiment Driven by Asia’s Turmoil Investor sentiment globally remained fragile as multiple major Asian exchanges saw softening trends. South Korea's stock exchange experienced a severe downturn when the KOSPI plunged 8%. This drop was so steep that it triggered a circuit breaker, halting...

Milton Industries Approves FY2026 Financial Results and Re-appoints Vijay Pal Jain as Managing Director Milton Industries Limited has announced the outcomes of its Board of Directors meeting held on May 28, 2026. The board approved the Audited Standalone Financial Statements for the financial year ended March 31, 2026, and adopted the Auditor's Report, which provided an unmodified opinion on both the half-year results and the full fiscal year results.A significant governance decision was the unanimous approval of the re-appointment of Mr. Vijay Pal Jain as Managing Director for a period of three consecutive years, effective from July 14, 2026, to July 13, 2029. The appointment followed the recommendation of the Nomination and...

CSM Technologies IPO: Anand Rathi Recommends Subscription as GovTech Giant Leverages 27 Years of Digital Transformation Expertise CSM Technologies Limited is emerging as a significant player in the digital transformation landscape through its upcoming Initial Public Offering (IPO). Providing specialized technology-enabled solutions to government departments and public sector undertakings, the company boasts an extensive history in e-governance and system integration. Anand Rathi’s advisory positions CSM Technologies as a fundamentally sound investment, recommending subscribers look for long-term capital appreciation.Deep Dive into CSM Technologies' Business Profile Established in 1998 and based in Bhubaneswar, Odisha, CSM Technologies...

Investment Funds Reduce Stake in Yash Highvoltage Ltd Through Open Market Sale Entities operating under common management have sold a portion of their equity holdings in Yash Highvoltage Limited (Yash), reducing their stake after trading shares through the open market.The sale was conducted by Negen Undiscovered Value Fund (NUVF), YR Investment Opportunities Fund (YRIOF), and Neil Madan Bahal, all of whom are connected under common management through Negen Capital Services Private Limited.Prior to the transaction, these entities held a combined total of 16,35,690 fully paid-up equity shares in Yash Highvoltage Limited, representing 5.73% of the company's total voting equity capital.The acquisition/sale occurred between August 18...

India Pushes for Tariff Relief in US Trade Deal Talks; Goyal Targets First Tranche Signing by July 24 Momentum Builds in Indo-US Bilateral Trade Negotiations The dialogue surrounding the proposed trade agreement between India and the United States is gaining significant momentum. The US Ambassador to India, Sergio Gor, confirmed that discussions are actively ongoing, meeting with Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer. This meeting underscores both nations' commitment to strengthening their economic ties through a comprehensive pact.Minister Goyal expressed his strong hope that the initial tranche of the India-US trade agreement can be signed before July 24. The focus remains on...

Associated Persons Dispose Shares in Credent Global Finance Limited Associated persons have disposed of equity shares in M/s Credent Global Finance Limited through open market sales between June 19 and June 22, 2026. The disposal involved Mohit K Chheda, Dilip Nanji Chheda, and Laxmi Trading & investment partnership firm.The transaction details pertain to the divestment of shares by these parties, who are noted as not belonging to a promoter group. M/s Credent Global Finance Limited is listed on BSE Limited.A total of 19,10,000 shares carrying voting rights were disposed in the open market during the period spanning June 19, 2026, to June 22, 2026.The holdings and changes in share capital are detailed below:MetricBefore...

Gold Prices Plunge as Strong Dollar, Higher Yields Challenge Safe Haven Status The appeal of gold remains sharply tested in a challenging market environment dominated by macroeconomic pressures. Rising Treasury yields and a strengthening US dollar are increasingly dampening appetite for precious metals.The London Bullion Market Association (LBMA) Gold Price PM saw a significant decline last week. It fell 0.8 per cent, ending at approximately $4,151 per ounce. This retreat marks nearly five per cent lower so far this year, reversing an earlier rally fueled by geopolitical instability and central bank purchases.Macro Headwinds Push Down Gold Prices The World Gold Council (WGC) reports that the market has pivoted away from a low-rate...

NCLT Indore Bench Approves Modification to CMM Infraprojects' Resolution Plan Implementation, Extends Timeline The National Company Law Tribunal (NCLT) Indore Bench has permitted a modification to the implementation mechanism of the Approved Resolution Plan for CMM Infraprojects Limited. The Tribunal allowed the company to apply its approved conversion ratio to the actual secondary market public shareholding, resulting in revised post-implementation percentages while maintaining all commercial and financial commitments of the original plan.The decision was made by the NCLT Indore Bench following an application seeking directions related to the implementation of the Resolution Plan, which was initially approved on November 11, 2024...

Metro Brands Ltd Appoints Manoj Juneja as Chief Business Officer - Sports Division Metro Brands Ltd has announced the appointment of Mr. Manoj Juneja as Chief Business Officer - Sports Division and Senior Management Personnel, effective June 23, 2026.Mr. Manoj Juneja holds an extensive background spanning over 27 years across various consumer sectors, including retail, fashion, footwear, and general consumer goods. He possesses expertise in strategy, business transformation, omni-channel development, and P&L management.The appointment sees Mr. Juneja join the company to drive operations within the sports division. His career history includes significant roles at several major brands. Prior to joining Metro Brands Ltd., Mr. Juneja...

KOSPI Plunges 8%, Triggers Circuit Breaker as Korean Tech Stocks Face Major Selloff South Korea's stock market experienced extreme volatility on June 23, resulting in a sharp downturn for key indices and initiating emergency trading halts across the exchange. The rapid decline forced the stock exchange to activate its circuit breaker mechanism after the KOSPI plummeted by a significant margin of 8%.The sudden and severe drop led to an immediate halt in trading activity for a duration of 20 minutes, providing investors and market participants with a period of mandated pause amidst the intense sell-off. This event underscores the high level of systemic risk present within the nation's concentrated technology sector.Key Stocks Suffer...

Meesho Stock Jumps as Citi Initiates Buy Rating, Citing Value-Commerce Opportunity Meesho Ltd shares gained 2.5 percent in Tuesday's morning trade after brokerage firm Citi initiated coverage on the stock with a 'Buy' rating. Citi set a target price of Rs 210 per share, suggesting an approximate upside of 22 percent from the previous closing price. The company's stock traded at around Rs 176.5, continuing its sustained gains since its listing.The positive coverage comes as Meesho continues to expand its strategic initiatives. Just days prior, the company announced the acquisition of Kirana Club and Retail Pulse Labs for a combined cost of Rs 202.08 crore. This move aims to bolster Meesho's presence within India's rapidly evolving...

SIF Assets Surge Nearly 7x as Hybrid Long-Short Category Dominates Market Expansion The Specialized Investment Fund (SIF) segment has witnessed explosive growth since its debut in October 2025. Assets under management (AUM) for SIF have soared by nearly sevenfold, reaching close to Rs 14,000 crore from an initial base of Rs 2,010 crore. This rapid expansion signals the maturing potential of this sophisticated investment category within the Indian mutual fund landscape.Hybrid Long-Short Funds Lead Industry Trajectory The growth narrative is being largely driven by specialized strategies, with Hybrid Long-Short funds emerging as the dominant force. These funds account for approximately 70% of the total SIF assets, managing Rs 9,709...

Advit Jewels IPO Surge on Day One: NII Quota Books Near 5X, Grey Market Signals Massive Listing Gains The Initial Public Offering (IPO) of Advit Jewels, valued at Rs 165.16 crore, generated immediate and robust demand upon its launch on June 23, 2026. The IPO saw a significant oversubscription within hours of opening for business.According to BSE data, the overall subscription stood at 2.58 times, reflecting strong investor interest across different segments. This appeal was particularly pronounced among non-institutional investors (NIIs).Subscriber Numbers and Market Demand Dynamics The NII portion of the IPO demonstrated overwhelming strength, attracting bids for 87.31 lakh shares against the 17.96 lakh shares allocated to the...

Turtlemint IPO Receives Strong Demand So Far; Retail and QIB Investors Drive 55% Subscription Turtlemint Fintech Solutions' initial public offering (IPO) has seen a robust response on the final day of bidding. As reported by the NSE, the company received subscription bids for 1.81 crore shares against an offer of 3.29 crore shares as of 11:30 am Tuesday.This level of interest indicates significant investor appetite for the fintech venture. The IPO's demand has been driven primarily by the institutional and retail segments, setting a strong tone for its eventual listing.Subscription Breakdown Across Investor CategoriesThe subscription numbers reveal a varied yet generally positive response across different investment pools. The...