Markets

Brickwork Ratings Assigns Credit Ratings for Mahamaya Steel Industries' Bank Facilities Brickwork Ratings India Private Limited has assigned credit ratings for the bank facilities of Mahamaya Steel Industries Ltd., providing transparency regarding the company's debt structure, according to a rating rationale issued on June 22, 2026.The assignment covers both Long Term and Short Term non-fund based facilities sanctioned to Mahamaya Steel Industries. The ratings are valid for twelve months from the date of communication.Key details of the assigned credit ratings and facilities are summarized below:Instrument/FacilitiesAmount (Rs Crores)RatingRating ActionLong Term Bank Facilities Fund Based51.47BWR BBB+ / StableAssignedShort...

Telegram Restored on Play Store After Government Ban Over Exam Fraud Concerns Messaging platform Telegram resumed availability across India after a week-long government restriction expired at midnight on June 22. The ban had been imposed following allegations that the platform was being misused to facilitate fraud and spread misinformation related to major entrance examinations, notably the National Eligibility-cum-Entrance Test (NEET).The app reappeared on Google's Play Store on Tuesday morning, allowing millions of existing users to download and access the service. While many users had regained access sooner, Telegram remained inaccessible on Apple's App Store until mid-morning, with the company yet to provide comment regarding this...

Tax Authorities Conclude Inspection at Acutaas Chemicals Ltd; No Material Impact Reported Acutaas Chemicals Ltd, formerly Ami Organics Limited, confirmed that an inspection conducted by tax authorities regarding its operations in Surat, Gujarat, has been concluded. The inspection was related to compliance under the Central Goods and Services Tax Act, 2017.The search, which took place at the company’s Registered Office and manufacturing unit located in Sachin, Surat, Gujarat, concluded on June 23, 2026, around 10:45 a.m., as confirmed by the Additional Commissioner of Central Goods & Service Tax & Central Excise, Anti-evasion Department, Surat, Gujarat.The purpose of the action was a search conducted under subsection (2) of Section...

Seamec Limited Vessel 'SEAMEC AGASTYA' Returns to Field and Comes On Hire Seamec Limited has announced that its vessel, 'SEAMEC AGASTYA', following technical redressal, has returned to service and commenced operations under contract.The operational update confirms that the vessel is now on hire status. This transition occurred with effect from 00:30 hrs on June 23, 2026.Seamec Limited confirmed the vessel's return following necessary technical repairs, marking its re-entry into active field operations.Key details of the operational update are provided below:Vessel NameStatusEffective Date and TimeSEAMEC AGASTYAOn Hire (Post Redressal)June 23, 2026, at 00:30 hrsSEAMECLTD Stock Price Movement Shares of Seamec Limited are...

Promoter Group Increases Holding in Billwin Industries Ltd through Open Market Acquisition Pritish Subrata Dey, acting as a promoter in the Promoter Group, has acquired additional shares of Billwin Industries Ltd through the open market. The transaction took place on June 19, 2026.The acquisition details show that Pritish Subrata Dey’s pre-acquisition holding stood at 40,200 shares, representing 0.96% of the total share or voting capital of Billwin Industries Ltd (BSE Limited).Through the open market purchase, the acquirer acquired an additional 3,000 shares. Following this transaction, the promoter’s holding increased to 43,200 shares, which accounts for 1.03% of the total share or voting capital of the company.Key details...

Kospi Crashes: Semiconductor Giants Plummet Amid Profit-Taking Jitters in Unraveling AI Boom South Korea's benchmark Kospi index suffered one of its steepest declines this year, plunging by up to 6.6% on Tuesday. The sharp sell-off saw heavyweight technology stocks take heavy losses as investors expressed concerns that the market's record-breaking rally had become significantly overheated.The downturn was led fiercely by major semiconductor players Samsung Electronics and SK Hynix, which each shed more than 5%. These massive declines wiped billions of dollars from their combined market valuations. The volatility was extreme, forcing the Korea Exchange to briefly activate safeguards after stock-index futures tumbled.Why the AI Rally...

Amansa increases stake in Chemplast Sanmar through secondary market purchase Amansa Holdings Private Limited and its associate, Amansa Investments Ltd., have increased their shareholding in Chemplast Sanmar Ltd. following a transaction completed on June 16, 2026. The acquisition was executed via the secondary market, bringing Amansa's stake to 7.62%.The purchase involved the acquisition of 938,161 shares of Chemplast Sanmar Ltd. This move reflects a strategic increase in the investor’s commitment to the company.Before this acquisition, Amansa's holding stood at 11,105,388 shares, which represented 7.02% of the total share/voting capital and 7.02% of the total diluted share/voting capital of Chemplast Sanmar Ltd.Following the...

New India Assurance Company Clarifies Stock Price Movement Post-Query The New India Assurance Company Ltd has issued a clarification concerning its stock price movements. The company addressed queries regarding potential factors affecting its share value, confirming that all necessary information and disclosures have been promptly communicated to the relevant exchanges.The statement confirms that The New India Assurance Company Ltd is not aware of any other information or impending announcements that could bear upon the price movement behavior of its scrip beyond those already disclosed.This clarification ensures market participants that the company maintains transparency regarding events and information impacting its operation and...

Mrs. Bectors Food Specialities Fined Rs 1 Lakh by CCPA Over '100% Atta' Labeling Claim Mrs. Bectors Food Specialities Ltd has received a penalty from the Central Consumer Protection Authority (CCPA) concerning the use of the descriptor "100% whole wheat" on its bread products. The concerned authority imposed a fine of Rs 1 Lakh on the company, referencing an order dated June 9, 2026.The penalty relates to the packaging claim found on products labeled as '100% Atta Bread' or '100% Whole Wheat Bread'. Mrs. Bectors Food Specialities Ltd stated that it is currently pursuing legal advice and plans to file an appeal against the CCPA order before the appropriate authority under the provisions of the Consumer Protection Act, 2019.The...

Varun Satyanarayan Kabra and Jyoti Varun Kabra Acquire Shares in Plastiblends India Ltd. Plastiblends India Ltd. saw a significant share acquisition during the period of June 17, 2026, to June 22, 2026. The transaction involved the purchase of shares from Kolsite Corporation LLP by Varun Satyanarayan Kabra and Jyoti Varun Kabra in the open market.The details concerning the shareholding structure before the acquisition are as follows:ShareholderShares Carrying Voting Rights (Pre-Acquisition)Percentage of Total Diluted Capital (Pre-Acquisition)Varun Satyanarayan Kabra74,99,05328.85%Jyoti Varun Kabra13,67,5565.26%Kolsite Corporation LLP30,98,48411.92%Saritadevi Satyanarayan Kabra20,87,1188.03%The acquisition details...

Interarch Building Solutions Secures ₹375 Crores in New Orders, Strengthening Order Book Interarch Building Solutions Limited, a leader in turnkey steel construction solutions across India, has secured new orders totaling approximately ₹375 crores during June 2026. This significant inflow reflects growing demand for the company’s integrated preengineered steel (PEB) systems within India's expanding industrial landscape.The newly secured orders span various high-growth sectors, including hydrocarbon, farm equipment, electrical products, renewable energy, and Data Centre industries. A notable contract includes a major order worth ₹165 crores from the energy sector in Vadodara. The projects require the complete scope of design...

Mahamaya Steel Industries Assigned Credit Ratings for Bank Facilities by Brickwork Ratings India Brickwork Ratings India Private Limited has assigned credit ratings for the bank facilities provided to Mahamaya Steel Industries Limited. The assignments cover both long-term and short-term non fund based facilities, as communicated on June 22, 2026.The rating assignment focuses on two key financial instruments of the company. For the long term, Brickwork Ratings assigned a rating of BWR BBB+/Stable to the combination of Cash Credit Sanctioned at UCO Bank and GECL 2.0 Outstanding. This facility is valued at Rs 51.47 Crores.The ratings for the short term non fund based facilities are also included in the assignment, with a rating of...

India Private Sector Slows Dramatically: Business Optimism Dips to Six-Month Low Amid Demand Pressures India's private sector activity has registered a significant slowdown, dipping to a three-month low in June. The decline was primarily attributed to weakening demand across various industries and mounting competitive pressures, as revealed by the HSBC Flash India PMI report released on June 23. Business sentiment indicators also reflected this trend, with optimism falling to its lowest point in six months.Composite PMI Output Index Hits Three-Month Low The HSBC Flash India Composite PMI Output Index demonstrated a marked decrease in activity for June. The index fell to 57.4, down from 59.3 recorded in May. While a reading above 50...

Axis Mutual Fund Launches Nifty Energy Index Fund: Track Power Sector Trends with New Index Fund Axis Mutual Fund has introduced the Axis Nifty Energy Index Fund, an index fund designed to replicate and track the performance of the Nifty Energy TRI. This launch caters to investors keen on exposure to India's energy sector—encompassing petroleum, gas, and power industries. The scheme aims to provide returns that closely correspond to the Nifty Energy TRI before expenses, subjecting investors to a defined level of tracking error.The fund is managed by Axis Asset Management Company Ltd. and adheres strictly to SEBI (MF) Regulations 2026. It represents an opportunity for individuals and corporate bodies to gain exposure to the...

Persons Acting in Concert Sell Equity Shares of Arman Holdings Limited The disposal of equity shares in Arman Holdings Limited was reported by persons acting in concert (PAC) with Varigate Advisory Services (P) Ltd and Sanjay Otawat, as part of a share transaction on June 22, 2026. The shares were disposed of within the context of Arman Holdings Limited's capital structure.The shares being traded belonged to the target company, which is listed on BSE Limited. Both Varigate Advisory Services (P) Ltd and Sanjay Otawat, acting in concert, held equity shares prior to the sale.Data detailing the holdings before and after the transaction are presented below:Holding StatusShares Carrying Voting Rights (Varigate Advisory Services)Shares...

Advit Jewels IPO Opens Doors to Fine Jewellery Market; Valuation Snapshot Provided at INR 130–138 Advit Jewels Limited, a specialized player in India's heritage jewellery sector, is preparing for its Initial Public Offering (IPO). Incorporated in 2019 and based in Jaipur, the company has established itself as a leading manufacturer and seller of both traditional and contemporary handcrafted fine jewellery. The offering provides investors an opportunity to engage with a business deeply rooted in artisanal craftsmanship and established supply chains.Company Profile and Operational Backbone Advit Jewels operates under the esteemed heritage brand "Rambhajo," which traces its origins back to 1921. This legacy empowers the company...

Sensex and Nifty Surge: How Plunging Crude Oil and Easing Geopolitical Tension Drove Market Comeback The benchmark equity indices, Sensex and Nifty 50, successfully recovered from sharp early trading losses to close significantly in the green on Tuesday. The market rally was buoyed by several supportive factors, including a dip in global oil prices, improved investor confidence signaled by falling volatility, and easing international tensions.Market Indices Recover From Early Dips Both major indices experienced a period of decline mid-morning before staging a strong comeback. Initially, the Sensex had dropped 57.43 points to 77,061.94, while Nifty declined by 31.60 points, settling at 24,071.30.However, as buying interest picked up...

Waterways Leisure Tourism IPO Set to Disrupt Market as Industry Eyes Smooth Debut The market awaits a significant entry into the leisure and tourism sector with the upcoming debut of Waterways Leisure Tourism. This Initial Public Offering (IPO) has generated considerable buzz, positioning the company at the forefront of India’s booming travel industry. The successful listing is viewed not just as a financial transaction but as a barometer for the health and future trajectory of domestic leisure tourism.The launch carries high expectations from both institutional investors and retail participants. Given the sustained growth in post-pandemic travel demand, this IPO presents a rare opportunity to capture growth within specialized...

International Gemological Institute Appoints Nitika Dalmia as Company Secretary and Compliance Officer International Gemological Institute Ltd has announced the appointment of Ms. Nitika Dalmia as its Company Secretary and Compliance Officer, designated as a Key Managerial Personnel (KMP). This appointment follows a Board meeting held on June 23, 2026.Effective July 1, 2026, Ms. Nitika Dalmia will assume the role of Company Secretary and Compliance Officer. In addition to this primary designation, she has been appointed as the Nodal Officer under the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, also effective from July 1, 2026.The appointment recognizes Ms. Dalmia’s extensive...

TRF, Pace Digitek Surge on Technical Breakouts as Momentum Stocks Power Through Mixed Market Signals In a market that lacks fresh macro-driven triggers, technical strength and robust price action drove several momentum stocks higher on June 23. These carefully selected stocks demonstrated sustained buying interest, trading well above key short-to-medium term moving averages (SMAs), indicating strong near-term positive trends despite cautious broader market sentiment.Momentum Stocks Rally: TRF, Pace Digitek Lead the Charge TRF witnessed a significant surge, gaining 10.4 percent to reach ₹259.50. The stock is currently above its 30-day and 50-day SMAs (₹235.12 and ₹247.88, respectively), confirming sustained short-term strength...