Markets

Interarch Secures Order for Pre-Engineered Steel Building System Worth Approximately Rs 165 Crores Interarch Building Solutions Ltd has secured a significant order from a domestic customer for the design, engineering, manufacturing, supply, and erection of a Pre-Engineered Steel Building System (PESBS). The contract is valued at approximately Rs 165 Crores Plus Taxes.The company's operational scope under this new order includes providing comprehensive solutions related to the PESBS. A key term of the contract stipulates an approximate 15 months completion period. The financial terms include a 10% advance payment against the complete design, engineering, manufacturing, and supply commitment.The customer name has not been disclosed at...

Promoter of Landsmill Green Limited Disposes 3.54% Stake Through Inter-se Gift Transfer Landsmill Green Limited, formerly known as Excel Realty N Infra Limited, has seen a significant change in its promoter holding after Mr. Lakhmendra Khurana disposed of a large block of equity shares through an inter-se transfer by way of gift to relatives.The transaction, which occurred on June 19, 2026, involved the disposal of 50 million equity shares. This disposition represents 3.54% of the total share and voting capital of the company, according to the details provided in the disclosure.Mr. Khurana, who is identified as a promoter of Landsmill Green Limited, held 145,79,14,51 shares before the disposal, representing a holding of 10.33%...

Ocean Cruising Boom: Waterways Leisure Tourism Launches IPO to Fuel Triple-Capacity Fleet Expansion Waterways Leisure Tourism Ltd., operating through its Cordelia Cruises brand, has entered the market with a strategic fresh issue worth INR 585cr. As India's sole domestic ocean cruise operator, the company is rapidly cementing its position as a category creator in the burgeoning Indian marine tourism sector. This IPO is critical for fueling ambitious capacity growth, positioning the company to nearly triple its cabin count within the next few years.Establishing Market Dominance in Domestic Cruising Founded in 2020 and operational since September 2021, Waterways Leisure Tourism has established deep roots in Indian ocean cruising. The...

Vedanta Plunges Amid Massive Promoter Stake Sale; Infosys and Zoho Lead Corporate Buzz in Market Vedanta Stock Sinks as Promoter Entity Plans Block Deal Sale Shares of Vedanta fell sharply, marking a significant move in the market. The decline came after sources indicated that promoter entity Twin Star Holdings is likely to sell up to 6.5 crore shares through block deals. This planned sale is valued at approximately ₹1,890 crore, with the floor price fixed at ₹291 per share, impacting investor sentiment.Craftsman Automation and Lemon Tree Hotels See Gains on Strategic Moves Craftsman Automation stock saw a modest rise of 0.5 percent today. This positive reaction follows the news that promoter Srinivasan Ravi is likely to offload up to...

Precious Metals Plunge as Inflation Fears Trump Geopolitical Optimism in Global Markets Exchange-traded funds (ETFs) saw broad-based selling on Tuesday as precious metal prices faced significant pressure across both domestic and international markets. The decline was mirrored by sharp corrections in bullion values, leading to losses across various silver and gold ETFs.Silver ETFs registered substantial drops, led by HDFC Silver ETF which fell 4.21%. Other funds that recorded losses included SBI Silver ETF (-4.10%), Nippon Silver ETF (-4.05%), Tata Silver ETF (-4.02%), and ICICI Prudential Silver ETF (-3.97%).Gold ETFs also traded in the red, with Kotak Gold ETF declining 1.60%. Losing funds included SBI Gold ETF (1.56%), ICICI...

Deutsche Bank Slashes Gold Forecasts by Up to 22% Amid Fed Uncertainty and Weakening Demand Signals Deutsche Bank has significantly tempered its outlook for gold, reducing price forecasts by as much as a fifth following growing investor concerns about US monetary policy and softening investment demand. The research suggests that while current levels near $4,140 per ounce still offer upside potential, the bullish momentum seen in recent periods is rapidly fading.Deutsche Bank Slashes Gold Targets Amid Fed Repricing Fears Michael Hsueh, a research analyst at Deutsche Bank, revised his targets for bullion to $4,300 an ounce in the third quarter. This represents a substantial reduction from previous expectations. For the final three...

NSE IPO Files DRHP: NIACL Shares Plunge After 8-Session Rally as Exchange Targets Rs 30,000 Crore Deal The National Stock Exchange (NSE) has filed its Draft Red Herring Prospectus (DRHP) for a massive initial public offering (IPO), sending ripples through the institutional sector. New India Assurance Company Ltd (NIACL) witnessed profit booking in its stock on June 23, following a period where it had rallied significantly across eight sessions.The IPO is estimated to be one of the largest public issues in Indian financial history, with a total valuation set around Rs 30,000 crore. The public issue will consist entirely of an offer for sale covering 14.89 crore shares, representing a divestment of nearly 6% of stake by existing...

NSE Emerge Ecosystem Surges Past ₹2 Lakh Crore Market Cap, Solidifying SME Launchpad Status The National Stock Exchange (NSE) has hit a significant milestone regarding its Small and Medium Enterprise (SME) market ecosystem. The total market capitalization of companies listed on the NSE Emerge platform has crossed the critical mark of ₹2 lakh crore, underscoring the growing strength of entrepreneurship in India.As of May 2026, the Emerge platform hosts 731 companies. These firms have collectively mobilized approximately ₹23,000 crore through Initial Public Offerings (IPOs). The combined market value of these SME listings stands at about ₹2.3 lakh crore.SME Platform's Market Position and Growth Trajectory The collective success of the...

Nilesh Amrutkar Resigns as Company Secretary and Compliance Officer at United Interactive Ltd. United Interactive Ltd has announced the resignation of Mr. Nilesh Amrutkar from his position as Company Secretary & Compliance Officer (Key Managerial Personnel). The transition is effective from the close of business hours on July 1, 2026, following his decision to pursue opportunities outside the organization.Mr. Nilesh Amrutkar tendered his resignation on June 21, 2026. He held the role at United Interactive Ltd and was identified as a Key Managerial Personnel within the company structure. The company confirmed that Mr. Amrutkar would continue in his duties until the specified cessation date to ensure a smooth transition of...

Sattrix Information Security Secures Purchase Order from Leading IT Hardware Solutions Firm Sattrix Information Security Ltd has secured a significant purchase order from one of the leading Information Technology Hardware, Electronics Manufacturing and Solutions companies in India. The contract involves the supply of services related to implementing a Digital Personal Data Protection Act (DPDPA) compliance solution.The domestic entity awarded the project to Sattrix for the implementation of the specialized compliance solution. The total consideration specified under the Purchase Order is approximately ₹13.00 Lakhs, totaling Rs 13,00,000.00.The contract details include milestones covering project initiation and completion through...

Tencent Reassesses Global Bets: AI Race and Industry Slump Force Exodus from Key Japanese Game Studios Tencent Holdings Ltd., the Chinese gaming behemoth, is currently undertaking a major reassessment of its global investment portfolio. Sources with knowledge of the matter reveal that the company is negotiating exits from several game studio investments in Japan, including Marvelous Inc., amid a challenging period for the video game industry.The giant is evaluating numerous minority holdings across its Japanese studios, and in some instances, preparing to divest stakes back to the original management team, even if such a move necessitates incurring a loss. This shift signals a cautious pivot from expansionary acquisitions towards...

Panama Petrochem Clarifies Stock Price Movement and Reiterates Disclosure Compliance Panama Petrochem Ltd has issued a statement addressing speculation regarding the movement of its equity shares, affirming that all material information pertaining to the company's operations and performance is regularly disclosed.The company clarified that the volatility in its stock price is determined solely by investor perceptions based on the information already disseminated through official channels. Panama Petrochem stated it has not withheld any material events or information that would influence the behavior of the equity shares or the price volume of the stock.Panama Petrochem reiterated its commitment to adhering to all listing norms for...

Landmark Auto Stocks Poised for Major Margin Bounceback and Explosive Growth Rally The automotive sector is witnessing a significant shift in market sentiment. Following periods of volatility, established players in the landmark car segment are now widely seen as being exceptionally well-positioned to capitalize on improving operational efficiencies and surging consumer demand. Analysts suggest that the underlying fundamentals supporting these automakers point towards a robust recovery cycle for profitability across the industry.The consensus among financial experts is that strategic planning by manufacturing giants has successfully mitigated earlier headwinds. Companies are not merely surviving; they are actively setting the stage...

Prime Minister Modi Unlocks PSLV Rocket Tech to Private Sector in Major Push for Indian Space Launch Hub India Opens Polar Satellite Launch Vehicle Technology to Boost Domestic Space Industry India is taking a significant step towards establishing itself as a global hub for small satellite launches. The government has announced plans to transfer the technology related to its robust launch vehicle, the Polar Satellite Launch Vehicle (PSLV), to private companies within the nation.Pawan Goenka, Chairman of Indian National Space promotion and Authorization Centre, confirmed that an expression of interest has been issued for this technology transfer. This move is specifically aimed at bolstering indigenous rocket production capacity and...

Pharma Stocks Surge, Dominating Gains as Indian Drugmakers Address US FDA Shortage Crisis The pharmaceutical sector emerged as the clear market leader on Tuesday, driving a significant rally while broader indices saw subdued movements. The Nifty Pharma index jumped by nearly 2 percent, making it the standout performer in the stock market even though the Nifty 50 and Sensex registered gains of just about 0.05 percent.At 09:39 hrs IST, the Nifty Pharma index was up 1.88 percent. This strong performance saw several pharma giants lead the charge on both the benchmark and midcap levels. Dr Reddy's Laboratories led sector gains, rising 2.64 percent to Rs 1,324.80.Sector Performance and Top Stock Movers The strength of pharmaceutical...

Cybersecurity Alert: World Leaks Breaches Tata Electronics; Apple Investigating Data Exposure of Apple and Tesla Materials A cybersecurity incident has been revealed at Tata Electronics following a breach claimed by the ransomware group, World Leaks. The cybercriminal entity reported publishing files allegedly linked to both Apple and electric vehicle giant Tesla, customers of the components manufacturer.Apple’s global cybersecurity team has launched a comprehensive evaluation of the incident. The investigation aims to identify the root cause and determine if additional security safeguards are necessary following the exposure.Scope and Details of the Data Breach World Leaks claimed responsibility for the attack on Tata Electronics...

Blue Cloud Softech Rockets 37% After AI Collaboration Talks Ignite Rally with Elon Musk's SpaceX Stock Surges Amid Strategic Discussions with SpaceX International Ltd. Blue Cloud Softech shares continued their powerful upward trajectory, witnessing a significant rally following the announcement of potential collaborations in the artificial intelligence (AI) space with SpaceX International Ltd. This strategic development has fueled sharp investor interest in the technology company.On Tuesday's trade, Blue Cloud Softech saw its shares climb substantially, hitting a high of ₹25.49 per share on the National Stock Exchange (NSE). The stock registered an increase of 17.79 percent, extending its gains to the second consecutive day.AI...

Precious Metal Woes: Gold and Silver Prices Tumble Amid Inflation Fears; Zinc and Muthoot Finance Stocks Reel Shares of key commodity-linked stocks traded under pressure on Tuesday, tracking the significant weakness seen in global precious metal markets. Hindustan Zinc experienced a steep fall, while Muthoot Finance declined as bullion prices faced headwinds driven by persistent inflation concerns and expectations of stricter monetary policy from US authorities.Stock Performance: Commodity Stocks See Early Losses Hindustan Zinc shares fell nearly 3% during morning trading sessions, settling at Rs 556.55. Meanwhile, Muthoot Finance witnessed a decline of around 2%, with the stock closing in early deals at Rs 3,156.40. The downturn...

Aditya Birla Capital Ltd completes Preferential Allotment of Equity Shares in Private Placement Aditya Birla Capital Limited announced the outcome of its Stakeholders Relationship Committee meeting, confirming the preferential allotment of 11,23,53,236 equity shares on a private placement basis. The allotment was approved by the committee on June 23, 2026, involving multiple investors including Grasim Industries Limited and International Finance Corporation (IFC).The company's paid-up equity share capital is set to increase significantly following this transaction. Prior to the allotment, the paid-up capital stood at Rs. 2,621,85,30,640 (representing 262,18,53,064 equity shares). After the completion of the allotment, the company's...

Syrma SGS Stock Jumps as Company Seals Strategic Joint Venture with Japan's Kaga Electronics for EMS Facility Syrma SGS Technology shares surged on Tuesday, trading up nearly 3 percent after the company announced a major strategic agreement with Japan-based Kaga Electronics. The announcement concerns the establishment of a technologically advanced electronics manufacturing services (EMS) facility in India. This partnership signals a significant move into high-tech manufacturing capacity for Japanese clients.The stock traded at Rs 1,375.30 per share on the NSE by 9:40 a.m., reflecting investor confidence following the strategic announcement made via an exchange filing. The collaboration aims to establish, develop, and operate this...