Markets

Standard Surfactants Ltd. Schedules Board Meeting to Approve Financial Results for FY2026 Standard Surfactants Ltd has announced that its Board of Directors will convene a meeting to consider and approve the audited financial results and statements for the Quarter and Year ending March 31, 2026.The meeting is scheduled for Thursday, June 25, 2026.The event will take place at the company's registered office located at 8/15, Arya Nagar, Kanpur-208002.Standard Surfactants Ltd. confirmed that the primary purpose of the board meeting is to officially review and approve all financial data pertaining to the quarter and full year ended March 31, 2026.Stock Price Movement Standard Surfactants Ltd settled at ₹49.99 after ticking up 1.40%...

Electronics Mart India Limited Commences Operations of New MultiBrand Store Under BAJAJ ELECTRONICS Brand Electronics Mart India Limited has announced the commencement of commercial operations for a new multibrand store under the brand name 'BAJAJ ELECTRONICS.' The launch marks a significant operational expansion by the company.The new establishment was inaugurated on June 22, 2026, in Telangana. The store is designed as a MultiBrand outlet, dedicated to serving customers in the designated industrial area.Details regarding the newly opened 'BAJAJ ELECTRONICS' outlet are provided below:AttributeDetailOperational DateJune 22, 2026Brand NameBAJAJ ELECTRONICSArea Size7,680 Square FeetLocation Address1-16-446/2, &...

HDFC Launches Nifty Metal ETF: Investors Get Direct Exposure to Metals and Mining Sector HDFC Asset Management Company Limited has launched a new Exchange Traded Fund (ETF), the HDFC Nifty Metal ETF. This product offers investors direct exposure to the metals and mining sector by replicating or tracking the performance of the Nifty Metal Index (TRI). The ETF is designed for those seeking returns commensurate with the underlying index, subject to tracking error.Investment Objective and Passive Strategy The primary objective of the HDFC Nifty Metal ETF is to generate returns that mirror the performance of the Nifty Metal Index (TRI) before expenses. This fund follows a strictly passive investment strategy, investing in securities...

B-Right Realestate Ltd Subsidiary Signs MoU for Major Real Estate Development in Parel B-Right RMBD Developers LLP, the step-down subsidiary of B-Right Realestate Limited, has entered into a Memorandum of Understanding (MoU) related to the development of two residential projects: Viswas Niwas 8 and Viswas Niwas 9. The project is located at Village Parel.The MoU covers the development of these sites, which feature a land area totaling 1,081.95 Sq. Mtr. The development is anticipated to generate substantial returns, with the expected Gross Development Value (GDV) set at Rs. 179 Crores.The project scope details include:MetricDetailsProject NameViswas Niwas 8 and Viswas Niwas 9LocationVillage ParelLand Area1,081.95 Sq. Mtr...

Fuel Margins Surge Back Above Pre-Conflict Levels Amid Lower Crude Prices Composite Margins Recover as Low Crude Prices Boost OMC Profitability Profitability for state-run oil marketing companies (OMCs) is showing signs of recovery, with composite margins on petrol and diesel sales now surpassing the levels seen before the Middle East conflict. This improvement is primarily driven by steadily falling crude oil prices and crucial reductions in central excise duties.JP Morgan reports that while losses on LPG remain elevated, the overall trend points towards improved profitability for OMCs as they navigate a complex market environment. The composite margins of state-run refiners and fuel retailers are now stronger than pre-war...

JSW Infrastructure Plans Qualified Institutions Placement and Promoter Offer for Sale of Equity Shares JSW Infrastructure Limited has announced plans for a dual offering aimed at raising capital and facilitating compliance with minimum public shareholding requirements. The company intends to undertake a Qualified Institutions Placement alongside an Offer for Sale by the Promoter Selling Shareholder, Sajjan Jindal Family Trust.The Board of Directors of JSW Infrastructure Limited has noted the proposed fund raise through a qualified institutions placement under Chapter VI of the SEBI ICDR Regulations. This fresh issue includes up to 23,00,00,000 equity shares of the company.Simultaneously, the company has taken on record the intention...

Waterways Leisure Tourism IPO Set to Open: Surge in Cruise Sector Focuses Investor Interest Waterways Leisure Tourism, the operator behind Cordelia Cruises, is set to open its Initial Public Offering (IPO) for public subscription on June 23. The IPO presents a significant opportunity for investors interested in the growing leisure and tourism sector. The company has established a defined price band of Rs 769-808 per equity share for the issuance.The offering comprises a fresh issue of shares valued at up to Rs 585 crore, providing substantial funds for corporate growth. Investors who wish to participate can begin bidding on June 23 and must adhere to specific minimum lot requirements. The IPO subscription window will close two days...

Dhruv Consultancy Services Acquires 55% Stake in Subsidiary for Highway Amenities Project Dhruv Consultancy Services Limited has successfully acquired a 55% stake in VERUL DRIVEHUB PRIVATE LIMITED, making the newly incorporated entity a subsidiary of the consultancy firm. This strategic acquisition positions Dhruv to undertake major development and operation mandates within the infrastructure sector.The move involves subscribing to the Memorandum of Association and share capital of VERUL DRIVEHUB PRIVATE LIMITED. The transaction has been structured as an arm's length investment and directly facilitates the execution of a large-scale wayside amenities project on National Highways in Maharashtra.VERUL DRIVEHUB PRIVATE LIMITED was...

Fertilizer Ships Secure Vital Agri-Supply Lines: India's Stocks Soar as Key Vessels Cross Strait of Hormuz Supply Chain Resilience and Maritime Security Achieved India’s agricultural security received a significant boost last week as four cargo vessels successfully navigated the challenging international routes, crossing the Strait of Hormuz. These ships are carrying crucial shipments of Urea, Di-Ammonium Phosphate (DAP), and Sulphur, destined for various Indian ports including Krishnapatnam, Kakinada, Paradeep, and Mundra.The safe transit of these vessels ensures that essential fertilizer raw materials will promptly arrive to supplement the nation’s existing buffers. This maritime success is vital in navigating persistent global...

Bandhan Bank Schedules Board Meeting to Review and Consider Capital Plan Bandhan Bank Ltd has announced a meeting of its Board of Directors scheduled for June 25, 2026. The primary purpose of the gathering is to review and consider the bank's Capital Plan.The board meeting is set to take place on Thursday, June 25, 2026. This session is designated for the directors to scrutinize the details of the institution’s Capital Plan.BANDHANBNK Stock Price Movement Bandhan Bank Limited shares today slipped by 0.54% to settle at ₹208.33 in post-market trading. The stock saw selling pressure throughout the day, hitting a low of ₹206.96 amid a traded volume of nearly 2.91 million shares.

Kunal Shah to Lead Global WhatsApp as Meta Invests $900 Million in Fintech Powerhouse Cred Meta, the parent company of Facebook, has announced a major strategic investment in Indian fintech startup Cred. The technology giant is investing around $900 million, equivalent to approximately ₹8,550 crore, into Cred. This investment arrives amidst significant leadership shifts across the tech landscape, with Cred founder Kunal Shah set to transition into a global executive role at Meta.The deal formalizes Kunal Shah's high-profile move, as he will take over as the Global CEO of WhatsApp, the massive messaging application owned by Meta. Shah is stepping away from his operational leadership at Cred but bringing his established builder...

Mangalam Worldwide Limited Announces Stock Split for Equity Shares Mangalam Worldwide Limited has announced a significant corporate action following shareholder approval, detailing the sub-division of its fully paid-up equity shares. The company confirmed that one equity share with a face value of Rs. 10/- (Rupees Ten only) will be divided into ten equity shares, each having a face value of Re. 1/-, in accordance with the corporate action approved by shareholders through a Postal Ballot conducted on June 20, 2026.The stock split aims to divide the existing equity structure. Shareholders wishing to be eligible for this division must meet the criteria set out for the record date.Key details regarding the equity sub-division are as...

SpaceX Pours AI Ambitions Into Market, Launching Debut High-Grade Bond Sale to Secure Billions SpaceX, the aerospace and artificial intelligence conglomerate led by Elon Musk, has initiated its first-ever offering of investment-grade bonds. This move signals a significant shift in the company's funding strategy, positioning it for an aggressive period of borrowing to fuel its expansive AI initiatives.The venture is set against the backdrop of SpaceX’s previous $75 billion IPO and aims to solidify its financial foundation as it scales its groundbreaking operations. The debut offering involves senior unsecured notes from the organization.Funding AI Ambitions Through Corporate Bonds The company has commenced the issuance of these...

Agri Security Surge: Four Ferti Ships Triumph Over Hormuz Transit, Boosting India's Vital Crop Buffers The resilience of India's fertilizer supply chains has been significantly strengthened as four cargo ships carrying vital shipments successfully crossed the challenging Strait of Hormuz. These vessels contain essential agricultural inputs, including Urea, Di-Ammonium Phosphate (DAP), and Sulphur. Currently en route to major Indian ports like Krishnapatnam, Kakinada, Paradeep, and Mundra, these imports are set to immediately bolster the nation's strategic fertilizer reserves upon arrival.Navigating Global Trade Risks: Fertilizer Shipments Arrive The successful maritime transit of these key fertilizer shipments underscores India’s...

Landmarc Leisure Corporation Appoints New Secretarial Auditor Following Resignation of Amit Jalan & Associates Landmarc Leisure Corporation Ltd has completed a change in its Secretarial Audit function. The Board of Directors, at a meeting held on June 22, 2026, approved the resignation of M/s. Amit Jalan & Associates and appointed M/s. Pimple & Associates to fill the resulting casual vacancy.The company confirmed that Mr. Amit Shiv Hari Jalan, Proprietor of M/s. Amit Jalan & Associates, had resigned as the Secretarial Auditor. The resignation was submitted via a letter dated June 22, 2026, and Mr. Jalan further confirmed that there were no material reasons for his departure other than those stated in the resignation...

RPG Life Sciences Recommends Final Dividend of Rs. 24 Per Share for FY 2025-26 RPG Life Sciences Limited has announced plans regarding its dividend payment for the financial year ended March 31, 2026, following a Board meeting held on April 29, 2026. The company recommended a final dividend of Rs. 24 per equity share, which translates to 300% based on the face value of the stock.The suggested dividend is slated for shareholder approval at the Nineteenth Annual General Meeting (AGM), which is scheduled to be held on Thursday, July 23, 2026.To determine entitlement to receive this final dividend, RPG Life Sciences fixed Thursday, July 9, 2026, as the Record Date.The following details outline the security type, record date, and...

PFC's Wholly Owned Subsidiary Bihar Infrapower Struck Off Following Project Closure Power Finance Corporation Limited (PFC) confirmed that its wholly owned subsidiary, Bihar Infrapower Limited, has been officially struck off by the registrar of companies. The action followed the decision to close the Ultra Mega Power Project in the State of Bihar.Bihar Infrapower Limited was incorporated on June 30, 2015, under the Companies Act, 2013. It functioned as a Special Purpose Vehicle (SPV), holding various Licenses and Land required for the Banka UMPP, an Ultra Mega Power Project in Bihar.The closure of the project necessitated the dissolution of the subsidiary. Following this decision, the Ministry of Power, Government of India, granted...

B-Right Realestate Secures MOU for New Residential Project in Village Parel B-Right Realestate Limited has entered into a Memorandum of Understanding (MOU) with its step-down subsidiary, B-Right RMBD Developers LLP, concerning the development of two residential projects: Viswas Niwas 8 and Viswas Niwas 9. The project is slated for construction in Village Parel.The MOU details the scope of work for these developments, which include land parcels designated by CS No.187/74 and CS No.186/74.According to the development plan, the project site covers a total land area of 1,081.95 Sq. Mtr. The undertaking is expected to result in an approximate Total Sales area spanning 45,760 Sq. Ft.The financial viability of the venture has been...

White Force Secures Rs 53.21 Lakh Work Order from M P Power Generating Company Limited White Force, a brand of Happy Square Outsourcing Services Limited, has secured a work order valued at approximately Rs 53.21 Lakhs from M P Power Generating Company Limited (Sirmour). The contract encompasses services related to the day-to-day routine operations and associated auxiliaries at MPPGCL Sirmour.The contract terms specify that Happy Square Outsourcing Services Limited will provide assistance in the daily routines of the unit, with the agreement being valid for a period up to 24 months. This engagement falls under the ordinary course of business for the company.The acquisition of this contract is expected to generate revenue of...

KDDL Limited Announces Resignation of Non-Executive Director Hanspeter Pieth KDDL Limited has announced the resignation of Mr. Hanspeter Pieth from the position of Non-Executive Director of the company. The change is effective as of the closure of business hours on June 22, 2026.Mr. Pieth submitted his resignation citing time constraints as the reason for stepping down from the role.The details regarding this corporate transition are summarized below:Disclosure RequirementDetailsReason for ChangeResignation of Mr. Hanspeter Pieth (DIN: 11423774) from the position of Non-Executive DirectorDate of CessationWith effect from the closure of business hours 22nd June, 2026Brief ProfileNADisclosure of relationships between...